In contrast to Enron, these companies have strong asset bases to put creditors and customers at ease.
Mathew Lawrence, an IPPR research fellow, said: "Britain needs an initial capital injection to expand the provision of affordable credit and new 'match saving' incentives for people on low incomes to enable people to build up a stronger asset base of their own and reduce their reliance on credit".
Our banks have a very strong Canadian asset base.
"Our asset base is strong and valuable," BP said in a statement last week, adding that it had "significant capacity and flexibility in dealing with the cost of responding to the incident, the environmental remediation and the payment of legitimate claims".
"The high quality resource, competitive cost structure in the Marcellus, strong growth potential of the asset base and its proximity to premier natural gas markets make this targeted acquisition a compelling investment for Chevron," said Chevron Vice Chairman George L. Kirkland George L. Kirkland.
"We have reconstituted the board of directors with the right mix of experience and expertise to help Yahoo build upon its very strong assets and brand base to take advantage of the opportunities ahead," Roy J. Bostock, Yahoo's chairman, said in a statement on Sunday.
And we have reconstituted the Board of Directors with the right mix of experience and expertise to help Yahoo! build upon its very strong assets and brand base to take advantage of the opportunities ahead.
"The Inmet Board has concluded that the First Quantum offer fails to adequately compensate shareholders for Inmet's low risk asset base and its strong prospects for growth and value creation at Cobre Panama," David R. Beatty, Inmet's chairman, said in a statement.
In particular, we find that the propensity to invest in intangible assets increases with the firm's size, human capital, and historical intangible asset base.
They have a "regulatory asset base".
