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Accounting firm Ernst & Young is expanding from its current sector--in which it provides auditing, tax reporting, tax advisory and business risk services--to technology and security risk services. Over the past decade, however, business risk defenses have come under siege. As for methodology, four models are used, with the total debt ratio (DEBT) as the dependent variables, and firm size (SIZE), growth opportunities (GRTH), profitability (ROA), tangibility of assets (TANG), non-debt tax shields (NDT), dividend payments (DIV), and business risk (RISK) as independent variables of corporation's feature. |
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