Due to the high threshold requirements of applying for a large number loans from banks, more and small medium-sized enterprises have chosen private placement raise funds, betting agreements been signed protect interests both investors. This paper analyzes case that bet agreement was applied by Mengniu Dairy Morgan Stanley in equity financing. It firstly expounds its background financing process...

Those concerned with poverty and health have sometimes viewed equity and human rights as abstract concepts with little practical application, and links between health, equity and human rights have not been examined systematically. Examination of the concepts of poverty, equity, and human rights in relation to health and to each other demonstrates that they are closely linked conceptually and op...

This paper investigates the design and performance of equity auctions— auctions in which bidders pay with equities instead of cash. Such equity auctions arise in many economic situations including mergers and acquisitions, venture capital financing, and oil and gas lease auctions. Among all incentivecompatible mechanisms of equity auctions, I identify the mechanism that maximizes the seller’s e...

This paper considers lessons from the practice of fiscal federalism for guidance on new approaches to development finance. Despite the fact that inter-regional redistribution in a federation relies on a central government with strong fiscal powers, the form of that redistribution can be used as a benchmark for international development assistance financing. In a federation, finance for less-dev...

In this paper we examine an optimal investment policy of the firm that is financed by issuing equity and debt. Recently, a number of researchers have studied the interaction among firm’s investment and financing decisions under uncertainty by means of real option framework. In the literature, investment problems for a firm with growth options, that is financed with equity and debt are investiga...

INTRODUCTION Community health insurance (CHI) schemes are growing in importance in low-income settings, where health systems based on user fees have resulted in significant barriers to care for the poorest members of communities. They increase revenue, access and financial protection, but concerns have been expressed about the equity of such schemes and their ability to reach the poorest. Few p...

Mobius Microsystems is a fabless and intellectual property (IP) semiconductor company founded by a graduate student (McCorquodale) and his faculty advisor (Brown) and based upon the dissertation research conducted by the student. The company is presented by the founding researchers as a case study in the commercialization of graduate research in electrical engineering. While a previous paper by...

The principal objective in this paper is to ascertain the extent to which Myers’ (1984) Pecking Order Theory (POT) of business financing appears to explain financial structure amongst a panel of 871 manufacturing SMEs legally organised as proprietary companies, taken from the Australian federal government’s Business Longitudinal Survey for three financial years from 1995-96 to 1997-98. The rese...

Health research generates knowledge that can be utilized to improve health system performance and, ultimately, health and health equity. We propose a conceptual framework for health research systems (HRSs) that defines their boundaries, components, goals, and functions. The framework adopts a systems perspective towards HRSs and serves as a foundation for constructing a practical approach to de...