Intersex and Intersex Surgery Essay Example | Topics and Well Written Essays - 1750 words

Intersex and Intersex Surgery - Essay Example In the western society, the field of intersex is very clear in educating people on the various disorders that human beings bear and the efforts that scientists have made in the comprehension of the conditions. Many writers have also made tremendous strides forward in a bid to educate people on the various conditions involved in the field of intersex. Another aspect of the field that has close ties with the main subject is intersex surgery. This is the kind of surgery performed on people with the intersex disorder in a bid to accomplish varying purposes. The two main reasons that the surgery is performed are to either save the life of the person or to address social issues that the person may be facing (Sytsma 106). However, many scientists warn about the issue of genital surgery as research shows that the results got from the surgery are far worse than good on not only the areas under surgery but also the entire body system of the person. Katrina Roen is a very famous writer who has written many books and articles concerning the area of intersex. She is the writer of one critically analyzed and reviewed article called â€Å"But We Have to Do Something.† The article has had major reviews from the manner in which Katrina focuses on the issues portrayed by various writers in the field of intersex and intersex surgery. She majorly focuses on the issue of cosmetic surgery in the western society in relation to infants atypically sexed. In her publication, she criticizes the rest of the publications stating that the manner in which they feature the female and human body as a whole is not only demining but also bothering the rest of the population. In the 21st century, many changes have been made in the surgical processes carried out, and this has had great benefits to many people. However, Katrina states that these changes should not be a reason for people to always opt for surgery and especially when dealing with young people and infants. Katrina states that t he young and infants are rather vulnerable at their ages and getting them through surgery is a rather traumatic process. She goes ahead to state that parents should take responsibility for their actions as anything may happen in the surgical rooms having authorized the procedures. It is not right for children and infants to go through the strenuous surgical processes as they may have a negative impact on their development, and the outcome is never certain (Roen 42). Katrina also states that taking them through the procedures is rather poor as the kids had no approval of undergoing the procedure. She then advises that parents halt such procedures and just wait for their kids to grow up and make their own decisions as to whether they should undergo the surgery or continue living in their conditions. Another factor that she takes into consideration while going around her discussion is about the work published by feminists and their regard to intersex procedures. She criticizes other fe male writers and professors from the manner in which they portray the female body. According to Katrina, many feminists in the 21st century have been swept by the moving wind of globalization and technology. She states that this is not a bad fact and is rather commendable as it increases the field of research for problem solution. However, she claims that this should not be an excuse for

Capital Structure and Firm Value Assignment Example | Topics and Well Written Essays - 3000 words - 1

Capital Structure and Firm Value - Assignment Example The perfect capital markets are not characterised by any market frictions like trading costs, taxes and the information is easily transmitted between the investors and the managers. M&M made a clear distinction between the financial risk and business risk faced by a firm. While the financial risk refers to the choice of risk distribution between the bondholders and shareholders, the business risk refers to the uncertainty of cash flows of the business. It has been pointed out by Miller and Modigliani that changes in leverage does not cast any significant influence on the cash flows generated by the business. Therefore changes in leverage cannot alter the value of the firm. According to them leverage simply defines the distribution of cash flows between the bondholders and the shareholders. As per M&M model the value of levered firm (VL) is equal to the value of unlevered firm (VU). Suppose there are two companies- Company 1 and Company2. It is assumed that the two companies have identical cash flows and belong to same risk profile. The difference between the two companies is with respect to financing. M&M state that the market value of the two companies is same. Suppose the pay-off of Company 1 in good state is 160 and in bad state is 50. This company is financed only by the equity mode of financing. Similarly the payoff of Company 2 is 160 in good state and 50 in bad state. It is financed by the combination of debt and equity. Suppose the total debt of Company 2 is $60 and its market value is $50; the market value of its equity is $50. Then the value of the Company 2 is- Modigliani and Miller have stated that the â€Å"value of leveraged firm† is equal to the sum of â€Å"the value of unleveraged firm plus tax advantage of debt†. Miller modified the equation obtained under MM Proposition without taxes (Lee, et al., 2009, p.208).