Accounting practice in the post‐Enron era: the implications for financial statements in the property industry. Retrieved February 05, 2018, from http://onlinelibrary.wiley.com/doi/10.1002/bref.80/abstract Enron Case study. (n.d.). Retrieved February 15, 2018, from http://www.applied-corporate-governance.com/enron-case-study.html Gladwell. M. (2007, January 8).
UPDATE TO PRESENT Lightwave Technology made profit from a part of illumination market worth $79 million. LED products constituted $2.3 billion of this. From 1997, capturing the strategic opportunities has led Lightwave Technology Inc. achieve success. The market conditions have been extremely favorable and has shown a tremendous growth of 500 percent in less than half a decade. The change in the usage of LEDs has also impacted a lot to the growth of the company.
The Eurosystem consists of the European Central Bank (ECB), and the central banks of the states which have espoused the euro. It is the Eurosystem’s responsibility to conduct and monitor the monetary policy of the entire area (What is the Eurosystem?, 2018). The Bundesbank is the central bank of the Federal Republic of Germany over the financial and monetary system, analysis systemic risks and has a role in European and global committees to identify threats and avert financial crisis, (Financial and monetary system,2018). The Deutsche Bundesbank was officially established in 1957 to prevent recurring inflations in the economy. The central bank uses price-level targeting as a strategy in terms of monetary policy.
It is used to measure a company's pricing strategy and operating efficiency of a firm .During the last four years Operating profit ratio is highest in FY 2015-16 at 21.06% and the Company has posted highest profit in that year . Thus, this financial year can be termed as the best year for the company in terms of operating profit ratio for the last four years .This ratio has increased gradually in the years thereby indicating increased operating profit Company’s operating margins increased from 18 to 21% margin during the same period. Operating EBITDA increased by 17.5% At 22.4% of net sales and other operating income, the operating EBITDA margin. Operating profits grew by 17.9% The Company’s operating profit (PBT before other income) also increased due to increased sales and increased operating efficiency . .
“Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion” (York, 2016). Technology has been another primary driver of globalization,
Attaining new highs and lows over the previous month can increase the daily turnover significantly as similar as the results of Kaustia (2004). The effect is very significant for all subsamples of this paper, where new highs are more important by comparing their estimate