Author: Committee on the Financial Aspects of Corporate Governance
Publisher:
ISBN:
Category : Benchmarking (Management)
Languages : en
Pages : 108
Book Description
Report of the Committee on the Financial Aspects of Corporate Governance
Author: Committee on the Financial Aspects of Corporate Governance
Publisher:
ISBN:
Category : Benchmarking (Management)
Languages : en
Pages : 108
Book Description
Publisher:
ISBN:
Category : Benchmarking (Management)
Languages : en
Pages : 108
Book Description
Keeping Good Company
Author: Jonathan P. Charkham
Publisher:
ISBN: 9781383017571
Category : Corporate governance
Languages : en
Pages : 0
Book Description
A comparative study of the systems of corporate finance that exist in five countries: Germany, France, the USA, the UK and Japan. The author establishes principles of good corporate governance and shows how they are applied in each country, indicating where methods vary or fall short of the ideal.
Publisher:
ISBN: 9781383017571
Category : Corporate governance
Languages : en
Pages : 0
Book Description
A comparative study of the systems of corporate finance that exist in five countries: Germany, France, the USA, the UK and Japan. The author establishes principles of good corporate governance and shows how they are applied in each country, indicating where methods vary or fall short of the ideal.
Corporate Governance, Ownership Structure and Firm Performance
Author: Hoang N. Pham
Publisher: Routledge
ISBN: 1000540278
Category : Business & Economics
Languages : en
Pages : 190
Book Description
The relationship between ownership structure and firm performance has been studied extensively in corporate finance and corporate governance literature. Nevertheless, the mediation (path) analysis to examine the issue can be adopted as a new approach to explain why and how ownership structure is related to firm performance and vice versa. This approach calls for full recognition of the roles of agency costs and corporate risk-taking as essential mediating variables in the bi-directional and mediated relationship between ownership structure and firm performance. Based on the agency theory, corporate risk management theory and accounting for the dynamic endogeneity in the ownership–performance relationship, this book develops two-mediator mediation models, including recursive and non-recursive mediation models, to investigate the ownership structure–firm performance relationship. It is demonstrated that agency costs and corporate risk-taking are the ‘missing links’ in the ownership structure–firm performance relationship. Hence, this book brings into attention the mediation and dynamic approach to this issue and enhances the knowledge of the mechanisms for improving firm’s financial performance. This book will be of interest to corporate finance, management and economics researchers and policy makers. Post-graduate research students in corporate governance and corporate finance will also find this book beneficial to the application of econometrics into multi-dimensional and complex issues of the firm, including ownership structure, agency problems, corporate risk management and financial performance.
Publisher: Routledge
ISBN: 1000540278
Category : Business & Economics
Languages : en
Pages : 190
Book Description
The relationship between ownership structure and firm performance has been studied extensively in corporate finance and corporate governance literature. Nevertheless, the mediation (path) analysis to examine the issue can be adopted as a new approach to explain why and how ownership structure is related to firm performance and vice versa. This approach calls for full recognition of the roles of agency costs and corporate risk-taking as essential mediating variables in the bi-directional and mediated relationship between ownership structure and firm performance. Based on the agency theory, corporate risk management theory and accounting for the dynamic endogeneity in the ownership–performance relationship, this book develops two-mediator mediation models, including recursive and non-recursive mediation models, to investigate the ownership structure–firm performance relationship. It is demonstrated that agency costs and corporate risk-taking are the ‘missing links’ in the ownership structure–firm performance relationship. Hence, this book brings into attention the mediation and dynamic approach to this issue and enhances the knowledge of the mechanisms for improving firm’s financial performance. This book will be of interest to corporate finance, management and economics researchers and policy makers. Post-graduate research students in corporate governance and corporate finance will also find this book beneficial to the application of econometrics into multi-dimensional and complex issues of the firm, including ownership structure, agency problems, corporate risk management and financial performance.
Law and Finance
Author: Thorsten Beck
Publisher: World Bank Publications
ISBN:
Category : Finance
Languages : en
Pages : 52
Book Description
New research suggests that cross-country differences in legal origin help explain differences in financial development. This paper empirically assesses two theories of why legal origin influences financial development. First, the political' channel stresses that (i) legal traditions differ in the priority they give to the rights of individual investors vis- ...-vis the state and (ii) this has repercussions for the development of property rights and financial markets. Second, the adaptability' channel holds that (i) legal traditions differ in their ability to adjust to changing commercial circumstances and (ii) legal systems that adapt quickly to minimize the gap between the contracting needs of the economy and the legal system's capabilities will foster financial development more effectively than would more rigid legal traditions. We use historical comparisons and cross-country regressions to assess the validity of these two channels. We find that legal origin matters for financial development because legal traditions differ in their ability to adapt efficiently to evolving economic conditions.
Publisher: World Bank Publications
ISBN:
Category : Finance
Languages : en
Pages : 52
Book Description
New research suggests that cross-country differences in legal origin help explain differences in financial development. This paper empirically assesses two theories of why legal origin influences financial development. First, the political' channel stresses that (i) legal traditions differ in the priority they give to the rights of individual investors vis- ...-vis the state and (ii) this has repercussions for the development of property rights and financial markets. Second, the adaptability' channel holds that (i) legal traditions differ in their ability to adjust to changing commercial circumstances and (ii) legal systems that adapt quickly to minimize the gap between the contracting needs of the economy and the legal system's capabilities will foster financial development more effectively than would more rigid legal traditions. We use historical comparisons and cross-country regressions to assess the validity of these two channels. We find that legal origin matters for financial development because legal traditions differ in their ability to adapt efficiently to evolving economic conditions.
Dictionary of Finance and Investment Terms
Author: John Downes
Publisher: Simon and Schuster
ISBN: 1438065264
Category : Business & Economics
Languages : en
Pages : 1247
Book Description
Publisher's Note: Products purchased from third-party sellers are not guaranteed by the publisher for quality, authenticity, or access to any online entitles included with the product.
Publisher: Simon and Schuster
ISBN: 1438065264
Category : Business & Economics
Languages : en
Pages : 1247
Book Description
Publisher's Note: Products purchased from third-party sellers are not guaranteed by the publisher for quality, authenticity, or access to any online entitles included with the product.
Principles of External Auditing
Author: Brenda Porter
Publisher: John Wiley & Sons
ISBN: 0470974451
Category : Business & Economics
Languages : en
Pages : 905
Book Description
Principles of External Auditing has become established as one of the leading textbooks for students studying auditing. Striking a careful balance between theory and practice, the book describes and explains, in non-technical language, the nature of the audit function and the principles of the audit process. The book covers international auditing and accounting standards and relevant statute and case law. It explains the fundamental concepts of auditing and takes the reader through the various stages of the audit process. It also discusses topical aspects of auditing such as legal liability, audit risk, quality control, and the impact of information technology. Brenda Porter is currently visiting Professor at Exeter University and Chulalongkorn University, Bangkok.
Publisher: John Wiley & Sons
ISBN: 0470974451
Category : Business & Economics
Languages : en
Pages : 905
Book Description
Principles of External Auditing has become established as one of the leading textbooks for students studying auditing. Striking a careful balance between theory and practice, the book describes and explains, in non-technical language, the nature of the audit function and the principles of the audit process. The book covers international auditing and accounting standards and relevant statute and case law. It explains the fundamental concepts of auditing and takes the reader through the various stages of the audit process. It also discusses topical aspects of auditing such as legal liability, audit risk, quality control, and the impact of information technology. Brenda Porter is currently visiting Professor at Exeter University and Chulalongkorn University, Bangkok.
Ethics, Governance and Corporate Crime
Author: Roshima Said
Publisher: Emerald Group Publishing
ISBN: 1783506741
Category : Business & Economics
Languages : en
Pages : 284
Book Description
This book is comprised of academic work on key current issues pertaining to the areas of ethics, governance and corporate crimes. The book provides a platform for researchers to publish their work, articulate their concerns and offer critical perspectives on what they see happening around them.
Publisher: Emerald Group Publishing
ISBN: 1783506741
Category : Business & Economics
Languages : en
Pages : 284
Book Description
This book is comprised of academic work on key current issues pertaining to the areas of ethics, governance and corporate crimes. The book provides a platform for researchers to publish their work, articulate their concerns and offer critical perspectives on what they see happening around them.
Banking Systems Around the Globe
Author: James R. Barth
Publisher: World Bank Publications
ISBN:
Category : Bank
Languages : en
Pages : 66
Book Description
Empirical results highlight the downside of imposing certain regulatory restrictions on commercial bank activities. Regulations that restrict banks' ability to engage in securities activities and to own nonfinancial firms are closely associated with more instability in the banking sector, and keeping commercial banks from engaging in investment banking, insurance, and real estate activities does not appear to produce positive benefits.
Publisher: World Bank Publications
ISBN:
Category : Bank
Languages : en
Pages : 66
Book Description
Empirical results highlight the downside of imposing certain regulatory restrictions on commercial bank activities. Regulations that restrict banks' ability to engage in securities activities and to own nonfinancial firms are closely associated with more instability in the banking sector, and keeping commercial banks from engaging in investment banking, insurance, and real estate activities does not appear to produce positive benefits.
Corporate Social Responsibility, Accountability and Governance
Author: Istemi Demirag
Publisher: Routledge
ISBN: 1351281704
Category : Business & Economics
Languages : en
Pages : 415
Book Description
The "business case" for corporate social responsibility, which suggests that socially and environmentally aware companies can expect to reap financial rewards, is seemingly gaining widespread acceptance within the business community. This is particularly apparent in the ever-increasing number of prominent companies parading their social, ethical and environmental credentials by producing paper- or web-based social and environmental, or sustainability, reports. In so doing, reporting companies claim, they are demonstrating a clear commitment to transparency and accountability to their key stakeholder groups. However, in the prevailing voluntaristic, business-case-centred climate within which such initiatives are taking place, little thought appears to have gone into the question of how stakeholders, other than the capital provider group, can actually use corporate disclosures offered in order to hold management accountable for the social and environmental consequences of their actions. While much corporate rhetoric abounds concerning notions of stakeholder dialogue and engagement, rigorous analysis of the governance implications of their claimed commitment to the principles of corporate social responsibility is largely conspicuous by its absence. Corporate Social Responsibility, Accountability and Governance seeks to explore this "missing link" between CSR (and associated reporting initiatives) and governance mechanisms that are capable of embracing true stakeholder accountability. A wide range of case studies, drawing on experiences of both public- and private-sector initiatives in Europe, the United States, Canada, South America and Asia, offer insightful analysis of the complex relationships between the state, the market and civil society in the development of CSR, accountability and sustainable development. The book employs a multidisciplinary perspective in order to analyse the political, social, economic, technological, legal and organisational shaping of CSR. The complexities underpinning the concept are thereby clearly drawn out and the gross oversimplifications inherent in the prevailing consultancy-driven, business-case literature painfully exposed. Above all, the book offers a sound, practically and theoretically informed contribution to public policy debate and reflects and builds on urgent calls from public- and private-sector policy-makers as well as academics to develop better governance and accountability frameworks for business to deal with the imperatives of social responsibility, sustainable development and ethics. This book is divided into five parts. In Part 1, the complex concepts of responsibility, accountability and governance are discussed, and in particular the presumed relationships between the state, the market and civil society in improving accountability and governance are explored and critiqued. Part 2 consists of chapters relating to corporate social responsibility and stakeholder theory. Part 3 is concerned with empirical studies covering governance structures, networking and corporate social responsibility. Part 4 deals with corporate governance and its implications for regulators and civil society. Part 5 discusses multinational companies and how they impact on national governance regimes. Finally, a summary is provided with emerging international patterns of accountability and governance structures. Corporate Social Responsibility, Accountability and Governance will be essential reading for public and private policy-makers and practitioners and academics interested in how CSR can become more than a soundbite, and rather a substantial force for better global corporate governance and accountability.
Publisher: Routledge
ISBN: 1351281704
Category : Business & Economics
Languages : en
Pages : 415
Book Description
The "business case" for corporate social responsibility, which suggests that socially and environmentally aware companies can expect to reap financial rewards, is seemingly gaining widespread acceptance within the business community. This is particularly apparent in the ever-increasing number of prominent companies parading their social, ethical and environmental credentials by producing paper- or web-based social and environmental, or sustainability, reports. In so doing, reporting companies claim, they are demonstrating a clear commitment to transparency and accountability to their key stakeholder groups. However, in the prevailing voluntaristic, business-case-centred climate within which such initiatives are taking place, little thought appears to have gone into the question of how stakeholders, other than the capital provider group, can actually use corporate disclosures offered in order to hold management accountable for the social and environmental consequences of their actions. While much corporate rhetoric abounds concerning notions of stakeholder dialogue and engagement, rigorous analysis of the governance implications of their claimed commitment to the principles of corporate social responsibility is largely conspicuous by its absence. Corporate Social Responsibility, Accountability and Governance seeks to explore this "missing link" between CSR (and associated reporting initiatives) and governance mechanisms that are capable of embracing true stakeholder accountability. A wide range of case studies, drawing on experiences of both public- and private-sector initiatives in Europe, the United States, Canada, South America and Asia, offer insightful analysis of the complex relationships between the state, the market and civil society in the development of CSR, accountability and sustainable development. The book employs a multidisciplinary perspective in order to analyse the political, social, economic, technological, legal and organisational shaping of CSR. The complexities underpinning the concept are thereby clearly drawn out and the gross oversimplifications inherent in the prevailing consultancy-driven, business-case literature painfully exposed. Above all, the book offers a sound, practically and theoretically informed contribution to public policy debate and reflects and builds on urgent calls from public- and private-sector policy-makers as well as academics to develop better governance and accountability frameworks for business to deal with the imperatives of social responsibility, sustainable development and ethics. This book is divided into five parts. In Part 1, the complex concepts of responsibility, accountability and governance are discussed, and in particular the presumed relationships between the state, the market and civil society in improving accountability and governance are explored and critiqued. Part 2 consists of chapters relating to corporate social responsibility and stakeholder theory. Part 3 is concerned with empirical studies covering governance structures, networking and corporate social responsibility. Part 4 deals with corporate governance and its implications for regulators and civil society. Part 5 discusses multinational companies and how they impact on national governance regimes. Finally, a summary is provided with emerging international patterns of accountability and governance structures. Corporate Social Responsibility, Accountability and Governance will be essential reading for public and private policy-makers and practitioners and academics interested in how CSR can become more than a soundbite, and rather a substantial force for better global corporate governance and accountability.
Pattern Recognition and Signal Processing
Author: C.H. Chen
Publisher: Springer
ISBN:
Category : Psychology
Languages : en
Pages : 676
Book Description
Both pattern recognition and signal processing are rapidly growing areas. Organized with emphasis on many inter-relations between the two areas, a NATO Advanced Study Institute on Pattern Recognition and Signal Processing was held June 25th - July 4, 1978 at the E.N.S.T. (Department of Electronics) in Paris, France. This volume is the Proceedings of the Institute. It contains what I believed to be a truly outstanding collection of papers which cover all major activities in both pattern recognition and signal processing. The papers are grouped by topics as follows: I. Syntactic Methods: paper numbers 1, 2. II. Statistical Methods: paper numbers 3, 4, 5, 6. III. Detection and Estimation: paper numbers 7, 8. IV. Image Processing, Modelling, and Analysis: paper numbers 9, 10, 11, 12. V. Speech Application: paper numbers 13, 14. VI. Radar Application: paper number 15. Seismic Application: paper number 16. VII. Biomedical Application: paper numbers 17, 18, 19. VIII. IX. Reconstruction From Projections: paper numbers 20, 21- X. Signal Modelling and Application: paper numbers 22, 23, 24. XI. NATO Pattern Recognition Research Study Group Report: paper number 25. It is my strong belief that there is a need for continuing interaction between pattern recognition and signal processing. The book will serve as a useful text and reference for such a need, and for both areas. Finally on behalf of all participants of the Institute, I would like to thank Drs. T. Kester and M. N. Czdas of NATO for their support.
Publisher: Springer
ISBN:
Category : Psychology
Languages : en
Pages : 676
Book Description
Both pattern recognition and signal processing are rapidly growing areas. Organized with emphasis on many inter-relations between the two areas, a NATO Advanced Study Institute on Pattern Recognition and Signal Processing was held June 25th - July 4, 1978 at the E.N.S.T. (Department of Electronics) in Paris, France. This volume is the Proceedings of the Institute. It contains what I believed to be a truly outstanding collection of papers which cover all major activities in both pattern recognition and signal processing. The papers are grouped by topics as follows: I. Syntactic Methods: paper numbers 1, 2. II. Statistical Methods: paper numbers 3, 4, 5, 6. III. Detection and Estimation: paper numbers 7, 8. IV. Image Processing, Modelling, and Analysis: paper numbers 9, 10, 11, 12. V. Speech Application: paper numbers 13, 14. VI. Radar Application: paper number 15. Seismic Application: paper number 16. VII. Biomedical Application: paper numbers 17, 18, 19. VIII. IX. Reconstruction From Projections: paper numbers 20, 21- X. Signal Modelling and Application: paper numbers 22, 23, 24. XI. NATO Pattern Recognition Research Study Group Report: paper number 25. It is my strong belief that there is a need for continuing interaction between pattern recognition and signal processing. The book will serve as a useful text and reference for such a need, and for both areas. Finally on behalf of all participants of the Institute, I would like to thank Drs. T. Kester and M. N. Czdas of NATO for their support.