Foundations of Literature Essay Example | Topics and Well Written Essays - 500 words

Foundations of Literature - Essay Example Neverthless, in order for a story to work it must have some basic elements. It must have a plot—or a narrative in which things happen and unfold. It must have characters—people and actors who do things and with whom the reader can relate. It must have a setting—in other words a place where the action happens. And it must have a point of view—a perspective from which the story unfolds. Without these things, the story would be of little interest to anyone. In order to develop the plot of a story, a solid narrative is most important. Things must happen, characters must act. Otherwise the plot doesnt exist. A plot is a compilation of events, usually leading towards some sort of climax. A good example of all of this is James Joyce’s story â€Å"Araby† is similar to many of the other stories in the collection Dubliners in that romantic ardour or feeling is influenced by the profound Roman Catholicism, which is a staple of Irish life. Many other stories feature narratives about love and religion in which both are often thwarted. The worship of â€Å"holy† figures, dead and alive, colours the lives of the living in Joyce’s stories, no matter how much they might try to blot them out. Plot, narrative, characters and setting are evident throughout the story. Araby is the story of a sensitive boy who worships a friend’s sister from afar. He spends so much time thinking about her that he effectively idealizes her, much as a more religious person might idealize the Virgin Mary or Jesus Christ. He imposes unrealistic expectations on the girl and his relationship with her and hopes that she will redeem or save him from the occasional drabness of his life. The overall message of the story is that religion creates unrealistic expectations of the world and costs much more than it is worth. Even if the narrator were able to go Araby and bring back the girl a

Corporate Finance Essay Example | Topics and Well Written Essays - 2000 words

Corporate Finance - Essay Example In addition, environmental factors like macro economic conditions and cyclical behaviour of the industry may influence on their performance. The hubris hypotheses formulated by Roll, states that often company managers systematically commit error in evaluating merger opportunities which are due to their excessive self-confidence. So, managerial motives play important role in determining the outcome of the merger and acquisition. In contrast, in some instances even when shareholder wealth is destroyed, executives still seem to gain from mergers and acquisitions, which show that, managers through mergers and acquisition activities may seek to utilise their own utility at the expense of shareholders (Casper Flugt, 2009). Main objectives of merger Companies go for merger and acquisitions to expand their business. By the process they try to develop their companies’ brands. Aim to reduce market competition. Aim to cutting costs by laying off employees, removing management and other r elated actions. To reduce taxes they go for merger. Aim for ‘empire building’ by acquiring managers and other purposes, they may go for acquisition. It is a strategic move by companies to diversify their business away from their resources. Company managers think that joint company will be able to generate more value than the separate firms. There are many options for payment for a company when it goes for acquiring another firm. It can pay in fully cash, or it may buy targeted shares. It can also choose a combination of loan notes, share and equity, deferred payment. Actually, the payment method is important for several reasons. Payment by means of cash and debt will benefit more for a company than stock acquisitions, as it could be used more efficiently... At the time of stock market boom, mergers were more appealing. On the other hand, falling share prices can lead to a company being undervalued, and make it an attractive for acquisition. Mergers and acquisitions can either be value destroyers or value creators that depend on factors like company’s cost of capital, its strategies and decisions and cash flows generated from the business operations The performance is not related to the nature of an industry, instead it was driven by the quality and strategy of management. Good strategy by management can produce good results, on the other hand, poor decision and strategies may end with poor performance. In the present competitive market companies are looking for mergers and acquisitions to expand their business to a newer region. Most of the mergers and acquisitions resulted in value creation. Especially, in case of big companies it is true. There is some perception that nearly 50-70% of mergers fail to deliver shareholder value. In many occasions employees feel the pinch as the new group goes to cut jobs to reduce cost to the company. But, ultimately performance is not related to the nature of an industry, instead it was driven by the quality and strategy of management. Sound financial management along with other favourable factors is necessary for value creation, its survival and growth for any company.