Cartel detection is usually viewed as a key task of either competition authorities or compliance officials in firms with an elevated risk of cartelization. We argue that customers of hard core cartels can have both incentives and possibilities to detect such agreements on their own initiative...

La capacité des entreprises à transformer une contrainte environnementale en source d'opportunité stratégique est un sujet controversé dans la littérature. S'appuyant sur une étude comparative des stratégies de lutte contre les émissions CO2 mises en place par les industries cimentière...

Objective - The main concern of this article is to see if the implementation of the Corporate Social Responsibility (CSR) can lead to enterprise performance.Methodology/Technique - A case study, this paper aims to compare the economic, social and environmental performance of one of the biggest...

The ability of companies to turn an environmental constraint into a source of strategic opportunities is a controversial topic in published research. The article, which is based on a comparative study of the CO2 emission reduction strategies implemented by the cement and chemical industries,...

SCL is faced with a need for increased bank financing due to the setting up of a captive power plant and general increase in production. The case allows students to practice ratio analysis and determine maximum permissible bank finance

Prior studies on this have already proved the existence of relationship between working capital and firm's performance. In extension to the existing literature, this study is designed to investigate the relationship between working capital management and the firm's performance i.e. impact on...

We derive and present the formula for optimal debt under the assumption that tax shields are discounted at the cost of levered equity, Ke and cash flows are on perpetuity. The formulation is consistent and is derived from basic financial principles. This formulation is valid for non-growing...

We present the derivation of cost of capital under the assumption of risky tax shields discounted with the cost of levered equity. We show that the formulation is consistent and is derived from basic financial principles. This formulation is valid for finite cash flows and non growing...