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Author: Stijn Claessens
Publisher:
ISBN:
Category : Affiliated corporations
Languages : en
Pages : 40
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Book Description
Author: Stijn Claessens
Publisher:
ISBN:
Category : Affiliated corporations
Languages : en
Pages : 40
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Book Description
Author: Akira Mitsumasu
Publisher: World Scientific
ISBN: 9814675725
Category : Business & Economics
Languages : en
Pages : 194
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Book Description
This book attempts to bridge academic knowledge and practitioner's knowledge regarding the control and coordination of subsidiaries in Japan. It specifically explores two questions: why do corporations establish subsidiaries and form corporate groups? How do corporate groups manage their subsidiaries? Based on the case studies presented in the book, the author identifies four different types of parent-subsidiary relationships and uses this typology to understand control and coordination issues within Japanese organizations.The chapters in the book are designed to cover many characteristics of large Japanese corporate groups. Chapter 2 gives the definition of corporate group in Japan and distinguishes it from the keiretsu business group, while Chapter 3 provides a backdrop and context for understanding the corporate landscape in which Japanese firms today operate. Chapters 4 and 5 provide a literature review on some of the major literatures that are related to the research questions concerning why corporate groups exist and how they are managed. Chapter 6 attempts to bridge academic knowledge with practitioners knowledge by looking at five corporate groups: Hitachi, Panasonic, Mitsubishi Heavy Industry, Nihon Yusen and Japan Airlines, and by identifying areas where practitioner's knowledge could be used to expand existing theories. Chapter 7 proposes a four-part classification of subsidiaries to facilitate the discussion of different issues that arise under different parent-subsidiary settings. Chapter 8 attempts to illustrate a simplistic roadmap for creating successful subsidiary management, while Chapter 9 concludes the book.Written in a simple and accessible manner, this book will be of interest to business practitioners, decision makers in organizations and academics alike.
Author: Anna Lamin
Publisher:
ISBN:
Category :
Languages : en
Pages : 400
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Book Description
Author: Christian G. Asmussen
Publisher: Edward Elgar Publishing
ISBN: 1800884044
Category : Business & Economics
Languages : en
Pages : 431
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Book Description
This dynamic Encyclopedia presents succinct definitions, explanations and compact reviews of a comprehensive range of topics in the continually evolving field of International Strategic Management (ISM). A diverse and international collective of eminent scholars and thought leaders leverage their research expertise to present concise reviews of the state of the art of research in ISM, exploring the manifold aspects of firms’ global strategies.
Author: Michael McAleer
Publisher: MDPI
ISBN: 3038974439
Category : Business & Economics
Languages : en
Pages : 536
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Book Description
Risk measures play a vital role in many subfields of economics and finance. It has been proposed that risk measures could be analysed in relation to the performance of variables extracted from empirical real-world data. For example, risk measures may help inform effective monetary and fiscal policies and, therefore, the further development of pricing models for financial assets such as equities, bonds, currencies, and derivative securities.
A Special Issue of “Risk Measures with Applications in Finance and Economics” will be devoted to advancements in the mathematical and statistical development of risk measures with applications in finance and economics. This Special Issue will bring together the theory, practice and real-world applications of risk measures. This book is a collection of papers published in the Special Issue of “Risk Measures with Applications in Finance and Economics” for Sustainability in 2018.
Author: Ratan Khasnabis
Publisher: Springer Science & Business Media
ISBN: 8132217950
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
This volume’s primary contribution to the field of Economics is that it addresses the issue of inter-linkages between money, finance and macroeconomics with a broad analytical perspective that has commonality with the Post-Keynesians. In an attempt to assess the consequences of economic reforms and the fallout of the global financial crisis on India and the world around, the book argues that with the onset of the crisis, as in most advanced economies, debates and discussions in India have been concerned with three main issues: monetary policy and asset prices, financial stability, and macro-prudential regulation. Three related issues which are also considered important in the Indian context are – rule vs. principle-based supervision, integrated financial supervision, and regulatory and supervisory independence. The book argues that the crisis highlighted the inadequacies of macro-prudential regulatory structure which mainly addresses idiosyncratic risks specific to individual financial institutions. The crisis precipitated an extensive debate on the role of national regulatory and supervisory authorities in crisis prevention and crisis management via macro-prudential regulations which involves a general equilibrium approach to regulation aiming at safeguarding the financial system as a whole. The book then argues that the crisis led to a paradigm shift in macroeconomic theory and policy. This shift has been categorized into four specific areas: monetary policy, financial regulation, corporate governance, and globalization. The book analyses how the characteristics of each of these four categories have changed from the pre-crisis to the post-crisis situation. The book also delves into the phenomenon of rising global commodity prices post-crisis. The book also deals with an analysis of the impact of this crisis on employment in the US economy, by simulating a macroeconomic model developed by the Cambridge Department of Applied Economics in the 1980s.
Author: Amrinder Khosa
Publisher: Cambridge University Press
ISBN: 1108624863
Category : Business & Economics
Languages : en
Pages : 194
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Book Description
Concentrated ownership is considered to be the best protection for shareholders in economies where legal protection is relatively weak. This book investigates and concludes, for Indian business groups, that concentrated-inside ownership provides opportunities for the expropriation of minority shareholders. While more concentrated direct ownership of controlling families results in a higher market value of equity, indirect ownership obtained through cross-holding provides incentives to extract private benefits and results in value loss. This finding requires the prompt attention of regulatory bodies, outside investors and other interested parties. This book examines the effect of ownership structure and disclosure of related-party transactions on firm valuation of group-affiliated firms in India, by using a sample of 317 listed firms comprising 1350 firm-year observations from 2008 to 2017. Well-accepted value-relevance models are employed to examine the effect of ownership rights on market value of equity and valuation effect of RP trading, asset transfer, investment and loan transactions.
Author: Jon R. Bond
Publisher: Routledge
ISBN: 1135093334
Category : Political Science
Languages : en
Pages : 753
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Book Description
Analyzing American Democracy teaches students to think analytically by presenting current political science theories and research in answering the engaging, big questions facing American politics today. It serves as both an introduction to American politics and to the discipline of political science by reflecting the theoretical developments and empirical inquiry conducted by researchers. Every chapter highlights the most current research and discusses related public policy. It demonstrates for students how to think critically and analytically, bringing theoretical insight to contemporary American politics. More than just a comprehensive overview and description of how American politics works, Jon Bond and Kevin Smith demonstrate how politics can be studied systematically. Throughout the text, they introduce students to the insights gleaned from rational choice, behavioral, and biological approaches to politics. Understanding these three social scientific models and their applications helps students get the most out of their American government course and out of this text--they learn a way of thinking that they can use to make sense of future challenges facing the American polity. A number of features help aid comprehension and critical thinking: Key Questions at the start of every chapter frame the learning objectives and concepts Politics in Practice boxes in every chapter encourage students to think critically about how practice compares with theory Tables, Figures, Charts, and Maps throughout present the empirical details of American politics, helping students gain quantitative literacy Top Ten Takeaway Points at the end of every chapter recap the most important points covered but also help students discern the general principles that make sense of the numerous factual details Key Terms are bolded in the text, defined in the margins, recapped at the end of the chapter, and compiled in a glossary, all to help insure that students can effortlessly master the vocabulary of American politics and political science in order to move on to the more important concepts.
Author:
Publisher: Othmar M. Lehner
ISBN: 3950351809
Category :
Languages : en
Pages : 655
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Book Description
Author:
Publisher: World Bank Publications
ISBN: 9780821346310
Category : Business & Economics
Languages : en
Pages : 58
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Book Description
East Asian corporations differ from their counterparts in other countries in important ways. Before the recent financial crisis these differences were viewed as one of the reasons for the success of East Asian economies. The crisis altered that view, and many scholars now argue that the weak corporate governance and financing structures of East Asian corporations are partly to blame for the recent crisis. This paper reviews several features of East Asian corporations, showing that they have high leverage and concentrated ownership, are typically affiliated with business groups, and operate in multiple industries. These characteristics affected the performance of corporations prior to the crisis as well as their ability to deal with its aftermath. Each economy's level of development also affected how these characteristics interacted with firm performance and valuation. Finally, the concentration of ownership in the hands of a few large families may have influenced economies' institutional development.
