The Public Schooling System During The United States

When looking at the history of America, it is fascinating to see how the public schooling system even got started. The first schools in America were not public schools, as many would presume. Instead, â€Å"the first schools in the United States were religious and not secular† (Elifson 1). Nearly all public schools, up to the 1960’s incorporated religion and prayer in their classrooms; however, in the last 50 years, prayer and religion in public schools has been debated over countless times. Even in Hudsonville, Michigan, which holds the record in the Guinness Book of World Records for having the most churches on a single street, there is much debate over prayer and the teaching of Christianity, or any religion, in the public schools. When I†¦show more content†¦Samuel Ayers and Shelly Reid are two educators at schools in Texas and they agree with this statement. They argue constantly in their article that religions are essential in teaching social studies. Rei d and Ayers contend that, â€Å"[the] very faces of Europe and Africa were changed as Muslims and Christians battled over lands during the Middle Ages† (2). They also state that in other countries, â€Å"entire social systems are based on religious beliefs† (2). Consequently, this points to the fact that religion, in its entirety, is immensely important in teaching students the history of nations and many social systems that nations uphold. Reid and Ayers have proven that after receiving the knowledge of religion in some countries and understanding why their respective religions were important to them, â€Å"[students] achieved a deeper understanding of many current events, [especially] those involving the Middle East†(Ayers and Reid 2). It is perfectly clear that in many circumstances, knowing the religious background of a nation will help enlighten the students to better understand why some nations hold a particular stance on a given matter (Ayers and Reid 1-3 ). Another author, Rob Boston, talks about this subject in less detail. He argues that â€Å"legitimate instruction about religion as an academic subject in public schools [is not] a problem. As long

Compare and Contrast the Way Rupert Brooke and Wilfred...

The title of this poem is very powerful. It tells the reader that this is a very sad poem and that by going to war death is almost certain. Sassoon has done this to give the reader an idea of war, and, as the reader reads the poem their insight into the brutality and the sorrow of war increases. The first paragraph of this poem tells of the slow death of a soldier as the sun rises. Sassoon has skilfully manipulated language and his choice of words in order to create a visual image that is slowly sculptured as the first four lines are read. â€Å"Dark clouds are smouldering into red while down the craters morning burns the dying soldier shifts his head†¨ To watch the glory that returns† The first half of the second paragraph speaks of the†¦show more content†¦Wilfred Owens makes use of many devices, but one of the first ones used in the poem is a simile. Bent double, like old beggars under sacks. This allows one to imagine a group of people hunched over, to malnourished and beaten to even stand up straight. Another example is floundring like a man on fire or lime. The man described has been poisoned by gas, but he looks as though he is running around trying to put out a fire on himself. The simimle illustrates the suffering of the man and his hopelessness. The author also utilizes words that have definite negative connotations in order to give the reader a feeling of unease and malady. Words such as sludge, fatigue, guttering, froth-corrupted, vile, and incurable, all have negative connotations. The words taken from the context of the poem still do not, and likely could not have any possible positive images or ideas associated with them. By choosing such words Owen condemns his poem to being sorrowful, sad and ugly. This is likely the authors intent as he sees war, sorrowful, sad, and ugly. Owen uses these literary devices and others to reach a single end. A sensory image of watching a man, in service of his country, die a terrible death. These include, the images of hunched men traveling through mud, hearing gas shells and putting on masks, a man drowning in gas, and the horrible ghastly death of that man. Owen incorporates sound with theShow MoreRelatedComparision of The Soldier and Dulce et Decorum Est Essay1586 Words   |  7 Pagesâ€Å"Compare and contrast â€Å"The Soldier† by Rupert Brooke with â€Å"Dulce et Decorum Est† by Wilfred Owen with regard to theme, tone, imagery, diction, metre, etc† The Soldier by Rupert Brooke, and Dulce et Decorum Est by Wilfred Owen are two poems which were written during the First World War, and both being written about this conflict, they share the same theme of war poetry. However, the two poems deal very differently with the subject of war, resulting in two very different pieces of writing.

The Empire State Building Free Essays

Empire State Building The Empire State Building Outline THESIS STATEMENT: The Empire State Building did not cause much trouble for New York; instead, its construction had many positive effects. Reasons for the Building I. Raskob wanted to make money by renting offices to tenants. We will write a custom essay sample on The Empire State Building or any similar topic only for you Order Now A. He wanted to construct a building that offered him the largest number of offices at the lowest price. B. He didn’t care for innovation and style , but he wanted a building that sticks with his budget. II. In addition, constructing the Empire State Building was a part of an intense rivalry to win the â€Å"World’s Tallest building† title. A. This dream appealed to John Raskob. B. He made sure that his design’s height would exceed the competing buildings. Constructing the Empire State Building I. To design the building, Raskob hired William F. Lamb. Lamb knew that it was a special chance to create something historical, so, although the mission was almost impossible, he decided to accept the project. A. He was able to finish the first design in four weeks B. His design fascinated John Raskob. II. Lamb found many problems with designing such a huge building. A. Designing an elevator was a trouble for William lamb B. Maintaining a fire system capable of reaching the higher floors was a challenge. C. Storing Materials was impossible. III. Just when everything seemed on track, Raskob and his partners received a striking new. A. Chrysler changed his plans in an attempt to beat Raskob B. Raskob decided to add a mooring mast to the building. C. He bet Chrysler plans by his idea Effects of the building I. In 1931, the Empire State Building became the highest building in the world. A. It raised the Americans’ spirits. B. It was opened during the Great Depression. II. Soon after the building’s completion, it became a major tourist attraction site. A. It attracted famous visitors like Albert Einstein. B. It has attracted over 117 million visitors. III. At least 32 people committed suicide by jumping of the building. A. Unidentified man jumps of the building’s roof B. Evelyn McHale jumped from the 86th floor after she left her fiance. Conclusion The Empire State building is no longer the tallest building in the world; however, it remains an important historical figure. The Empire State Building still attracts millions of tourists yearly, and it remains a sign for America’s powers since it is was an innovation in the world of construction. Towers and skyscrapers have become an icon for development; countries now compete to build towers to attract visitors and activate tourism. Some towers are built for telecommunications and broadcasting; however, towers and skyscrapers remain an evidence for the country’s wealth and well-being. Recently, a new trend is prevailing: countries and businesspersons are competing to build the tallest building in the world. Many attempts for achieving this goal succeeded for a while, but nothing is permanent; newer and taller buildings are always built! John R. Raskob financed the Empire State building’s construction to enter the intense competition of constructing the highest building in New York (Construction: Building The Impossible 117). The Empire State Building didn’t cause much trouble for New York; instead its building had many positive effects. Reasons for the Building Raskob wanted to make money by renting offices to tenants, and he wanted a tall skyscraper that would offer him the largest number of offices for the lowest amount of money. He did not want a stylish or innovative building; he just wanted profit, but he wanted a building that sticks to his budget and deadline (117). In addition, constructing the Empire State Building was a part of an intense rivalry to win the â€Å"World’s Tallest building† title. This dream appealed to John Raskob, but this meant that he his building had to exceed 295 meters. He had to compete with Chrysler building and the bank of Manhattan (118). Raskob’s building had to be roughly 305 meters high, and this height had to fit on the 122 by 61-meters area he had purchased on fifth avenue. Constructing the Empire State Building To design the building, Raskob hired William F. Lamb. Lamb knew that it was a special chance to create something historical, so, although the mission was almost impossible, he decided to accept the project. After fifteen trials, Lamb was able to reach a design that met the city’s zoning restrictions and Raskob’s requirements. The basic design was finished in four weeks; the project turned out to be more fascinating in appearance that Raskob has thought (119). Lamb found many problems with designing such a huge building. He faced the challenge of installing a safe elevator that is capable of transporting people such great distances. He split the elevator systems into sections. â€Å"The section serving the lower levels ended at mid-level where the building had to be set back; the upper elevators were placed in the central core (120). † How would water reach the upper stores in case of fire? Lamb designed a unique fire-safety system using giant steel water tanks at different levels. He included 400 hose connection and an alarm connected to the city’s fire station. Also, he ordered that bricks and limestone, fireproof materials, should be used in construction (120). Since construction was happening in one of the busiest cities in the world, the huge amount of materials-for example, tons of marbles from France and Italy, 6500 windows, and 10 million bricks- could not be stored; everything had to be used directly after its delivery. William Lamb completed the detailed project in six month, and the R. H. Shreve arranged the actual construction. (120-121). Just when everything seemed on track, Raskob and his partners received a striking new. Walter Chrysler, the owner of the Chrysler building, revealed his true plans that he was hiding; he was determined to have the world’s tallest building. He added a dome to his building that raised its height to 319 meter, just a few meters higher that Lamb’s design. Raskob could not afford to redesign his building to beat Chrysler, but Raskob found a solution. A hat! † he cried. â€Å"That’s what this building needs-a hat†. At Raskob suggestion, Lamb added a 61-meter top called a mooring mast. It allowed blimps to dock and discharge their passengers. It was not practical and was used only once; however, it gave the Empire State building the title of the world’s tallest building (120-122). The labors completed the steel frame in sixth mo nth, and one year after laying the first piece of steel the construction was completed with a height of 443. 2 meters, easily within the dead line (125). Effects of the Building In 1931, the Empire State Building became the highest building in the world. The building opened in the midst of the Great Depression; it lifted the spirits of many Americans in one of the nation’s hardest times. Celebrating what they named the eighth wonder of the world, people were psychologically lifted by the building’s construction (The Empire State Building: Skyscraper Symbol of America’s Power). Soon after the building’s completion, it became a major tourist attraction site. It attracted many famous people from all over the world including Albert Einstein, the French prime minister, and Queen Elizabeth. The building became an international icon, and it has attracted over 117 million visitors (Empire State Building-Facts). At least 32 people committed suicide by jumping of the building (Empire State building-Facts). For example, An unidentified man got past a guard on the staircase leading from the 102d-floor observatory of the Empire State Building to the top floor yesterday, and leaped to his death (Leaps To His Death Off Empire Tower). Another woman, Evelyn McHale, jumped of the 86 floor of the Empire State building after leaving her fiance. She left a note saying â€Å"he is much better without me†¦. I wouldn’t make a good wife for anybody† and jumped to her death (Life 42). Conclusion The Empire State building is no longer the tallest building in the world; however, it remains an important historical figure. Today Burj Khalifa, found in UAE, is the tallest building in the world (828 meters) (Empire State Building), but as the competition continues who knows where the next tallest building is going to be? The Empire State Building still attracts millions of tourists yearly, and it remains a sign for America’s powers since it is was an innovation in the world of construction. Works Cited Book: Nathan Aaseng. Construction:Building The Impossible. The oliver press. Mineapolis. 2000. http://books. google. com. sa/books? id=nVd8CCmafP0C;printsec=frontcover;hl=ar;source=gbs_ge_summary_r;cad=0#v=onepage;q;f=true Magazine : No author mentioned. Picture of The Week. Life. 12 May 1947. 152 pages http://books. google. com. sa/books? id=ZEgEAAAAMBAJ;source=gbs_navlinks_s Internet: Thomson Gale. The Empire State Building: Skyscraper Symbol of America’s Power. BookRags. Copyright @2005-2006. Science and its times. Visited April 9, 2012. http://www. bookrags. com/research/the-empire-state-building-skyscrape-scit-06123456/#bro_copy No author. Empire State Building. Emporis. Copyright @2000-2012. visited April 9, 2012. http://www. emporis. com/building/empirestatebuilding-newyorkcity-ny-usa No author. LEAPS TO HIS DEATH OFF EMPIRE TOWER. The New York Times. November 4, 1932. Retrieved October 4, 2011. Visited April 10, 2012. http://select. nytimes. com/gst/abstract. html? res=FB0610FF355516738DDDAD0894D9415B828FF1D3 How to cite The Empire State Building, Papers

Financial Analysis Project

Question: Write an essay on Financial Analysis of Management? Answer: In order to judge whether a capital investment project is feasible and will give higher returns over its costs, the economists undertake various investment appraisals. Investment appraisals are made up of two factorsstream of expected returns and total cost outlays. Comparing these two factors a cost benefit analysis is done. This calls for long-term forecasting. Certain capital assets having a long life are purchased and put to use in an investment appraisal in a standard capital cost involving project. These assets are used for several months and years to gain value in terms of net return, i.e. difference between payoffs less costs and depreciation. Towards the assets end life, it may be sold at a reduced price in the market (Dilshad, 2013). For example, vehicles and printing machines often possess a high residual value. Often in long trm forecasting, values for net returns turn out to be inaccurate and hence utmost care should be taken in evaluating the right hidden price of the capital cost project. The business strategy should be carefully planned out and any wildly optimistic assumptions should be done away with. All assumptions must be clearly laid out so that the project manager can successfully carry out the cost benefit analysis and give the clear picture of net returns and whether to undertake the capital cost project or not (Ghosal and Sokol, 2013). Concepts and measures Two important appraisal techniques undertaken are Retturn on Capital Employed (ROCE) and Payback. Return on Capital Employed (ROCE) ROCE is alsoexpressed as accounting rate of return. Formula The formula for calculating ROCE is: ROCE= Profits/ Initial costs *100 Payback= Initial cost/ cash inflow per period *100 The decision rule for ROCE is: If the calculated ROCE for investment is greater than the hurdle rate, then the investment should be undertaken. Profitability Index (PI) also called the value investment ratio and profit investment ratio it judges a capital cost project in terms of value of investment. This measure is a ratio of amount of capital invested to profit of the project. Payback Period a measure that calculates total number of years to receive initial investment. Projects with a lower pay back period are usually preferred than projects with higher payback period. Data and results Actual sales 13500.0 Total sales 539932500.0 Price 39995.0 Total est sales 1599800000.0 Estimated sales 40000.0 ROCE act -55.0 Total cost 1200000000.0 ROCE est 33.3 Profitability act 2.2 Payback act 2.2 Profitability est 0.8 Payback est 0.8 In this question, actual car sales are 13500 units compared to estimated 40000 units. As price per car is $39995, total sales are calculated. ROCE act= (Total sales- Total cost)/Total cost=( 539932500- 1200000000)/ 1200000000= - 55.005625 ROCE est= 33.31 Payback est= Total cost/ Payoff= 0.75 Payback actual= 2.22 Analysis So, ROCE actual is negative. This means that the outlay is not profitable and costs outweigh benefits. But ROCE estimated is positive and moderately high. According to payback period actual, it will take 2.22 years to break even . Profitability index act is 2.2 while estimated is 0.8. Some additional points to note There are two other measures of feasibility check called NPV or Net Present Value and IRR or Internal rate of return. These cannot be applied to the model given in this question but a brief glance at the definitions is worth it. Net Present Value (NPV) The streams of future incomes are discounted by a discount rate which is generally a ten year gilt yield, and from this total costs are deducted. Thus, we get the NPV. Internal rate of return (IRR) The discount rate that equates the net present value of future streams of income with total costs gives the IRR. If Costs NPV, IRR0 and accordingly the project has to dropped/ carried out. Reliability of data The actual sales are 13500 which is less than estimated 40000. This means total sales value actual, is less than total cost outlay of $1.2 billion. This arouses some concern that the ROCE being negative is whether therefore right or wrong. But as per the data, the calculations are done and the estimated ROCE is positive. Here we are assuming that on top of actual, estimated figures are also calculated. Hewlett-Packard (HP) autonomy is a multinational enterprise software company which was founded in Cambridge, UK in 1996. Actually, the company was specialized in the analysis of the large scale of unstructured big data. It became the largest and the most successful software company in 2010. It used to take into account the several research results conducted by the University of Cambridge. It used to develop several enterprise searches and various knowledge management applications in conjunction with adaptive pattern of recognised techniques which were concerned on the Bayesian inference and several traditional techniques. It used to maintain an aggressive approach of entrepreneurial marketing (Jeffrey, 2013). This company was featured as rod of iron, as it tolerates a zero percent and used to fire 5% of its sales workers each quarter. It also keeps the best efficient staffs like rock stars. Autonomy was gained by HP in October, 2011. The deal value of Autonomy was $11.7 billion and the premium was 79% over the market price. This decision was largely criticised by so many critiques. Critiques called it as a chaos decision and absurdly high attempt. But within a year HP was able to gain $8.8 billion of its Autonomys value. HP showed the following reasons behind this were misrepresentations, disclosure failures and accounting improprieties. HP recruited Robert Young johns, the ex-Microsoft president in North America for taking over the HP Autonomy in September, 2012. He had worked for the turnaround by the expansion of the information management. Now for several quarters, the financial situation of HP is not bright enough. The main reason behind this is mainly the sharp decline in the sales of computer worldwide. The HP CEO wanted to break the past practices. The failure of the acquisition of the Autonomy for $11.2 billion was actually overpaid. Benefits of acquisition A merge is when a company assumes or takes all the assets and liabilities of another company. The firm which acquires is able to retain with its identity, but the firm which has been acquired, ceases to exist. Merger is nothing but one type of acquisition. Any type of acquisition is held with the hope of gaining profits. Actually the two firms which were involved in the merger hope to gain more than they could gain apart. Some of the potential benefits of acquisition are getting tax advantage, combining the resources, eliminating the in efficiencies etc (KIM and PARK, 2012). A merger and acquisition also helps in increasing the economies of scale. This also includes increase in the market powers by purchasing competitors, providing new opportunities for developing the career of the managers, developing in a new geographic region, reducing the weaknesses in the key areas of business etc. However, it also includes so many difficulties also, such as, evaluation of the total transactions , accounting the costs and benefits associated with, handling various legal issues etc. Reasons behind the failure of acquisition Many researches which were conducted over the decades have shown that the rate of failure is around 50%. Several surveys conducted in recent years have shown that the percentage of companies failed in the acquisition is around 83%. Research results have also shown that companies intending in acquisition have grown over 20 years. The basic reasons for the failure of acquisition are it is very easy to merge but it is really very difficult to perform in merger and accusation. In general, lack of proper planning, differences in organisational culture, limited synergies, and difficulties in implementing proper strategies causes the failure of acquisition (Milliou and Pavlou, 2013). Lack of knowledge of the managers is a common factor for failure of acquisition. HP and Compaq Computer Corporation came to a definitive merger agreement on 3rd September, 2001 to create $87 billion and become a leader in the global technology (Rosenbaum and Pearl, 2013). Management of Working Capital Managing working capital ensures smooth flow of business operation without falling into financial problem such as either making short-term obligation payments, purchasing raw materials or payment of overhead, salary and wages. Moreover, adequate working capital support organizations in maintaining business solvency by ensuring uninterrupted production flow. On the other hand, right management of working capital enables organizations to face crisis such as depression (Baig and Akhter, 2013). Therefore, the organizations could be able to effectively manage their business and smoothly perform their operation. As a result, the firms would be able to generate enough capital and flow of capital in the business would be effective (Baylis, Gong and Wang, 2013). The working capital management can be better explained with the following example; Working Capital: Current Assets Current Liabilities Balance Sheet of ABC Company Cash 70000 Accured Expenses 24000 Account Receivable 43000 Accounts Payable 35000 Marketable Securities 15000 Current Portion Long Term Debt 12000 Inventory 60000 Notes Payable 8000 Total Current Assets 188000 Total Current Liabilities 79000 Working Capital 109000 Table 1: Positive Working Capital Balance Sheet of PQR Company Stock 20000 Trade Creditors 35000 Cash 30000 Dividends 5000 Prepayments 5000 Taxation 10000 Trade Debtors 2000 Short Term Loans 15000 Total Current Assets 57000 Total Current Liabilities 65000 Working Capital (8000) Table 2: Negative Working Capital It can be seen from the above two figures of working capital calculations that one has positive working capital and other has negative working capital. The ABC Company has been successful in managing their current assets over their current liabilities which ensures that their operating cycle is in better place. It means that the company is able to clear their dues on time and has well-managed inventory. Therefore, the company is better position to generate cash and management of flow of cash (Brigham and Houston, 2013). On the other hand, the other firm, PQR Company has not been able to gain positive working capital. The reason would be the companys inability to clear their bills on due time, overstocking and overtrading. As a result of that the value of current liabilities are higher in comparison to value of current assets (Heesen and Moser, 2013). It can also be mentioned that PQR Company is not able to make balance between cash inflow and cash outflow. Due to that the company is facing working capital issue. If the company continues with negative working capital then it can lead to shut down of the business or company can become insolvent (Brooks, 2013). On the other hand, it can be seen that Textile Small-Medium Enterprise of India is facing huge trouble due to mismanagement of working capital. Due to that the company has fallen under debt trap. The reason behind such fall was lack of qualified and experienced working capital. The accounting personnel were not able to handle the finance of the company (Jain, Singh and Yadav, 2013). Therefore, the production and operational cycle was not managed effectively and capital was excessively used. Apart from that, it has also been observed that due to mismanaged working capital, statutory payments such as income tax, Provident Fund and TDS has slowly fallen into arrears that indicated problem in cash flow. Furthermore, Vora (2013) discussed that mismanaged working capital can have potential impact in the shareholder wealth. Due to mismanagement, the firm is not able to ensure enough capital for their operation which leads to further loss. The earning of the shareholder would decrease and would be able to receive return on due time. Moreover, the shareholder would develop negative attitude towards the company and would not be willing to deal with the company (Zeballos Avila and Seifert, 2013). On the other hand, the company would not be in a position to declare dividend or right amount of return to the shareholders. As a result of that, the shareholder would face loss and would not be further interested to invest in the company. This would severely impact on the earning of the company and the company would become insolvent. As a result of that, the company would have to put down all their operation (Michalski, 2014). It can be discussed that working capital has to be managed and given priority by the organizations. Managing working capital would ensures better flow of work and the firm would be able to generate more benefit from their current assets which will help in meeting current liabilities (Baos-Caballero et al. 2014). References Baig, V. and Akhter, J. (2013).Working capital management practices. New Delhi: Anmol Publications. Baos-Caballero, S., Garca-Teruel, P. J., and Martnez-Solano, P. (2014). Working capital management, corporate performance, and financial constraints.Journal of Business Research,67(3), 332-338. Baylis, K., Gong, Y. and Wang, S. (2013).Bridging vs. bonding social capital and the management of common pool resources. Cambridge, Mass.: National Bureau of Economic Research. Beladi, H., Chakrabarti, A. and Marjit, S. (2013). Privatization and Strategic Mergers across Borders.Review of International Economics, 21(3), pp.432-446. Blundell-Wignall, A. and Roulet, C. (2013). Long-term investment, the cost of capital and the dividend and buyback puzzle.OECD Journal: Financial Market Trends, 2013(1), pp.39-52. Brigham, E. and Houston, J. (2013).Fundamentals of financial management. Mason, Ohio: South-Western. Brooks, R. (2013).Financial management. Boston: Pearson. DeAngelo, H., and Stulz, R. M. (2014). Liquid-claim production, risk management, and bank capital structure: Why high leverage is optimal for banks.Risk Management, and Bank Capital Structure: Why High Leverage is Optimal for Banks (May 14, 2014). Fisher College of Business Working Paper, (2013-03), 08. Demeo, A. and Peterson, M. (2013). Small Organic Farm Renewable Energy Demonstration Project Based on Incremental Capital Investment and Community Participation.Journal of Agriculture, Food Systems, and Community Development, pp.1-14. Dilshad, M. (2013). Profitability Analysis of Mergers and Acquisitions: An Event Study Approach.Business and Economic Research, 3(1). Ghosal, V. and Sokol, D. (2013). Compliance, Detection, and Mergers and Acquisitions.Manage. Decis. Econ., p.n/a-n/a. Hahn, J., Ridder, G. and Snider, C. (2013). Partial identification and mergers.Economics Letters, 118(1), pp.126-129. Heesen, B. and Moser, O. (2013).Working Capital Management. Dordrecht: Springer. Jain, P., Singh, S. and Yadav, S. (2013).Financial management practices. New Delhi: Springer. Jeffrey, S. (2013). Hospital Costs and Strategies for Uncertain Demand: Waiting Times and Capital Investment.Academy of Management Proceedings, 2013(1), pp.15374-15374. Kare, D. and Herbst, A. (1995). Determination of the maximum investment in a capital project.Project Appraisal, 10(4), pp.261-265. KIM, J. and PARK, J. (2012). FOREIGN DIRECT INVESTMENT AND COUNTRY-SPECIFIC HUMAN CAPITAL.Economic Inquiry, 51(1), pp.198-210. Michalski, G. (2014).Value-based Working Capital Management: Determining Liquid Asset Levels in Entrepreneurial Environments. Palgrave Macmillan. Milliou, C. and Pavlou, A. (2013). Upstream Mergers, Downstream Competition, and RD Investments.Journal of Economics Management Strategy, 22(4), pp.787-809. Narayanan, M. (2013). Optimal Ownership Division in Venture Capital Investment.Academy of Management Proceedings, 2013(1), pp.17481-17481. Rosenbaum, J. and Pearl, J. (2013).Investment banking. Hoboken: Wiley. Schiller, U. (n.d.). Decentralized Information Acquistion and the Internal Provision of Capital.SSRN Journal. Starks, L. and Wei, K. (2013). Cross-Border Mergers and Differences in Corporate Governance.International Review of Finance, 13(3), pp.265-297. Ukaegbu, B. (2014). The significance of working capital management in determining firm profitability: Evidence from developing economies in Africa.Research in International Business and Finance,31, 1-16. Vora, J. (2013).Working capital management. Jaipur: Vista Publishers. Waheed, R., Sohail, N., Sajid, M., and Khan, S. M. (2014). Impact of working capital management on firms profitability: A case of Pakistani listed firms.International Journal of Managment, IT and Engineering,4(2), 494-508. Wolinsky, H. (2013). Gene patents and capital investment.EMBO Rep, 14(10), pp.871-873. Yang, B., Brosig, S. and Chen, J. (2012). Environmental Impact of Foreign vs. Domestic Capital Investment in China.Journal of Agricultural Economics, 64(1), pp.245-271. Yoshino, N. and Kaji, S. (2013).Hometown investment trust funds. Tokyo: Springer. Zeballos Avila, C. and Seifert, R. (2013).Inventory Management with Working Capital Restrictions. Lausanne: EPFL.