How Long Do Junk Bonds Spend in Default? pot

... Financial distress, reorganizations, and organizational efficiency,Journal of Financial Economics 27, 419–444. How Long Do Junk Bonds Spend in Default? 357 How Long Do Junk Bonds Spend in Default? JEAN ... offer competing plans of reorganization. How Long Do Junk Bonds Spend in Default? 351Table IIITime in Default RegressionsThe sample includes 129 defaults on original-issue junk bonds that occurred ... 0.42 R2ϭ 0.41 R2ϭ 0.42 How Long Do Junk Bonds Spend in Default? 353The estimates in column ~1! show no effects on the time in default frominformation problems or incentives based on the value...

How to Do Business in 12 Asian Countries 13

... banking. While many prominent Filipinos have Chinese ances-try, there is considerable hostility toward the Chinese dominance of business.Arab traders introduced Islam to the Philippines in ... Filipinos do not arrange themselves in neat lines. Instead, they form a pushing, shoving crowd, with each person out for him- or herself. e only times that Filipinos have queued in neat lines ... an Indian, make sure it is an odd number (just the opposite of Chinese tradition). Usually this is done by adding a single dollar; for example, give $11 instead of $10.●Observant Hindus do...

How to Do Business in 12 Asian Countries 14

... Filipino employee, do it calmly and in private.Business Entertaining●Food is vitally important in Filipino culture. Social occasions always involve food. In reality, the standard Pilipino ... a woman, in which case most Filipino businessmen will insist upon paying.●Invite the wives of your business partners to dinner, but not to a luncheon. Expect to be invited to dinners and ... Filipino business partners oen at social situa-tions. Never decline an invitation to a social event.●When you interrupt Filipinos during a meal, they are obliged to ask you to join in. is...

How to Do Business in 12 Asian Countries 15

... Philippines, that nger is pointed at the person or thing being insulted.●Since pointing can easily be taken for an insulting gesture, Filipinos rarely indicate objects or directions by pointing ... or FALSE: Singapore briey joined with newly independent Indonesia in 1963.ANSWER: FALSE. Singapore joined the Federation of Malaysia in 1963. In 1965, Singapore left and became independent.●3 ... proposals in Singapore. It is a country where they are aggressive about innovative training in their schools and technology in their industries. Determined not to be le behind in the high-tech...

How to Do Business in 12 Asian Countries 16

... generally in the morning.●Always be on time for all business appointments. Making a Singa-porean executive wait is insulting and impolite.●Try to schedule appointments at least two weeks in advance. ... yours).●Unwavering civility is the single most important attribute for suc-cessful relationships in Singapore. However, diplomacy in no way hinders the determination of Singaporean businesspeople ... dierentiated sex roles in society, but gender equality is creep-ing in. Men still dominate in most public situations.Cultural Note In Singapore, social events can involve diﬀerent rules for...

How to Do Business in 12 Asian Countries 17

... missionaries. Instead, a Korean scholar studying in Beijing was baptized a Catholic in 1777. It was this scholar, on his return, who introduced Catholicism to Korea. Protestantism gained a foothold in ... overlords—Mongolian, Chinese, and Japanese—instituted a closed-door policy in order to solidify their rule. is isolation earned Korea the name of the Hermit Kingdom. In 1910, Japan annexed ... is includes not putting anything on the manager’s desk (not even sales literature) during a presentation. Korean executives are very territorial about their desks.●Koreans do not maintain...

How to Do Business in 12 Asian Countries 18

... beginning of the meeting; it is good manners to accept this sign of hospitality. Retain your formality as long as your counterpart does; do not become “chummy.”● Do not be fooled into thinking ... for the day.●Bow at the beginning and end of a meeting. An exit bow that is longer than the greeting bow is an indication that the meeting went well.●Avoid being loud and boisterous around ... in your wallet if you intend to put your wallet in your back pocket. Never write on a business card.● Do not sign a contract or write a person’s name in red ink. To many Buddhists, this indicates...

How to Do Business in 12 Asian Countries 19

... demands, including giving ocial status to the Tamil language. But the militant troops backed out on their agreement to surrender to the Indian peacekeeping force. e ghting continued, and Indian ... remained in northern Sri Lanka for two years.Aer the negotiated Indian withdrawal occurred in 1990, elec-tions were held in the newly restructured provinces. With the result-ing victory in ... historically a main reason for segregating interaction between castes.The Sri Lankan ViewWhen Buddhism went into decline in India, Sri Lanka emerged as a Buddhist stronghold in southern Asia....

how safe do you feel in your neighborhood

... Wilson had been writing about. These included putting more police officers on foot instead of in cars. More attention went into targeting low-level criminals and keeping order in neighborhoods. ... to agree that if a window in a building is broken and is left unrepaired, all the rest of the windows will soon be broken. This is as true in nice neighborhoods as in rundown ones," they ... thinking that taking care of the low level criminals would automatically take care of the higher-level criminals because, indeed, they were the same people." BOB DOUGHTY: In nineteen ninety,...

How to Do Business in 12 Asian Countries 20

... migration increased to the point where the Chinese dominated the aboriginal population. In 1895, follow-ing the rst Sino-Japanese war, Taiwan was annexed to Japan. During the next y years, ... sensitive to their viewpoints about the disaster, but refrain from oering your opinions on rebuilding, international aid, etc.●3 PROTOCOLGreetings●e traditional greeting is to place your ... shaking your head from side to side can indicate “yes.”●Pointing with your nger is considered rude. Beckon a person by waving your ngers with the hand extended, palm down.●Smiling can...

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