Global Financial Crises RATIONALE Every business endeavour or venture is constantly faced with financial management problems to which the owner or manager should be able to attend to in order to take the business to success especially during the times of crisis that the global communities are facing (Norris, 2007). Thus, key financial decisions normally confronts the managers in issues and problems that concerns financial investments they usually provide answer to the problems regarding the assets on which the company of firm needs to put money and how a chosen investment should be financed. With this consideration, we may say that the current credit crunch or the so-called credit crisis is one of the problems experienced not only by some firms in the United States but also by the global economy since their cost of capital was affected. Basically, the current financial crisis of 2007–2009 which is classified by the general media as a "credit crunch" or "credit crisi...