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My Finance Diary 2021 - Page 3

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  Financial Ethics - Wirecard’s accounting fraud Hello, I am back after my 2 nd blog. Having learned the final lecture on financial ethics, I think Businesses should adhere to financial ethics in planning and executing the financial management practices and representing the financial statements to the public. I believe that external parties especially investors attract business organizations based on the financial data represents in the financial statements. I have read certain publications and news relating to unethical actions of the businesses to under or overvalue the financial performance to mislead the external parties such as investors, lenders, vendors etc.   I would favour categorizing the unethical misrepresentations of financial statements of the business as a fraudulent activity. Generally, fraudulent activities within the business can be occurred due to three factors such as pressure, opportunity and attitude. I believe that unethical misrepresentations of f...
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My Finance Diary 2021- Page 2

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Merger in oncology biotech - Pfizer to acquire Trillium Therapeutics Another page from my undergraduate learning Diary…………….. Having joined my 5 th Day lecture in mergers & acquisitions under financial investment, it was spellbinding and it provoked me to investigate the real situations happening in the business world. Pfizer, one of the most popular pharmaceutical and Biotechnology companies during Covid19 Pandemic. This is Pfizer’s another Stepping stone……………. Pharmaceutical & Biotech giant, Pfizer plans to acquire Blood cancer drugmaker, Trillium Therapeutics.   As I learnt, there are three types of mergers. First is Horizontal mergers, where two companies that provide similar products or services in the same industry come together. This offers economies of scale, most importantly increases the market share. Vertical mergers combine two companies that provide different supply chain functions for the same product. Conglomerate mergers combine two companies from c...
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My Finance Diary 2021 - Page 1

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  Necessary Financing – Post-Covid building bloom steers Antin towards IPO   A page from my undergraduate learning Diary…………….. Recently, when I was going through FT.com, I found a news article which is regarding the French private equity firm, Antin’s decision to go for IPO. Antin is one of Europe's largest infrastructure investment funds. Since, not only I am interested in Capital structure & cost of capital lesson, but also Post Covid financing decision is a HOT Topic nowadays, I thought, the knowledge I gained from this subject area would assist me to dive deep into this news.         So, let’s start………… Out of the decisions that every business make, the financing decision is the MAIN . Funds can be sourced either internally or externally or using both. Capital structure is a combination of equity and debt that a firm utilizes to finance its business. Infrastructure fund giant, Antin’s capital structure is comprised €51.706million of d...
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