Download or read book Essays in International and Comparative Corporate Governance written by Luiz Ricardo Kabbach de Castro and published by . This book was released on 2014 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: El gobierno corporativo se refiere a como los proveedores de recursos de las empresas pueden tener un retorno de su inversión. En este sentido, Aoki (2001) define el gobierno corporativo como una "estructura que organiza los derechos y responsabilidades de las partes interesadas en la empresa," esto incluye no solo los proveedores de recursos financieros (Shleifer y Vishny, 1997), pero también otros grupos e individuos que puedan afectar o ser afectados por la creación y transferencia de valor de la empresa (Freeman et al., 2010). Entre estos proveedores están los "accionistas," personas - individuos u otras empresas - que comparten dos derechos fundamentales. En primer lugar, el derecho al flujo de caja (o derecho económica). Este se refiere al derecho de los accionistas tienen de apropiarse de las ganancias residuales de la empresa. En segundo lugar, el control o derecho político, que está asociado con los derechos de voto y, en última instancia, con el control de la empresa y, por lo tanto, es el derecho residual a la toma de decisiones. Aunque se reconoce la importancia e implicaciones de los accionistas con respecto a las prácticas de gobierno corporativo y la estrategia corporativa (Shleifer y Vishny, 1997), hay por lo menos dos cuestiones no resueltas en la literatura de gobierno corporativo. En primer lugar, los factores que determinan las diferencias entre los patrones de la estructura de propiedad en diferentes países. En otras palabras, qué factores determinan las decisiones de los propietarios en que derechos (p.ej., derecho de voto o derecho al flujo de caja) deben para concentrar su riqueza, quiénes son y de dónde vienen, y en última instancia, ¿cuáles son sus intereses en las empresas? En segundo lugar, ¿cuáles son las consecuencias de estos modelos de propiedad de las empresas en las prácticas de gobierno tales como la estructura, funciones y comportamiento de los consejos de administración? Investigadores de diferentes disciplinas han intervenido con el objetivo de responder a estas preguntas, incluyendo los de ciencia política (Gourevitch, y Shinn, 2005), derecho (Gilson, 2006; Hansmann, 1996), economía (Demsetz y Lehn, 1985), finanzas (Shleifer y Vishny, 1997 ) y estrategia (Folta, 1998; Pedersen y Thomsen, 1997), pero no han llegado a una conclusión unificada. Por otra parte, la mayor parte de esta literatura se ha centrado en empresas de Estados Unidos y Reino Unido. Por lo tanto, el objetivo de esta tesis es explorar los antecedentes y consecuencias de la estructura de la propiedad. Tres ensayos componen esta disertación sobre Gobierno Corporativo Internacional y Comparado, en busca de un mejor entendimiento de la estructura de propiedad en empresas cotizadas, sus patrones y consecuencias, en diferentes contextos. Para eso, nos alejamos del contexto anglo-americano para incorporar los mercados emergentes de América Latina y las economías de Europa Occidental a lo largo de diferentes períodos de tiempo. En esencia, los tres capítulo se basan en la teoría agencia y la teoría institucional como base teórica sobre la cual se desarrollan las hipótesis de estudio.

Download or read book Investor Protection and Corporate Governance written by Alberto Chong and published by World Bank Publications. This book was released on 2007-06-26 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Investor Protection and Corporate Governance' analyzes the impact of corporate governance on firm performance and valuation. Using unique datasets gathered at the firm-level the first such data in the region and results from a homogeneous corporate governance questionnaire, the book examines corporate governance characteristics, ownership structures, dividend policies, and performance measures. The book's analysis reveals the very high levels of ownership and voting rights concentrations and monolithic governance structures in the largest samples of Latin American companies up to now, and new data emphasize the importance of specific characteristics of the investor protection regimes in several Latin American countries. By and large, those firms with better governance measures across several dimensions are granted higher valuations and thus lower cost of capital. This title will be useful to researchers, policy makers, government officials, and other professionals involved in corporate governance, economic policy, and business finance, law, and management.

Download or read book Visi n de Futuro written by Alexandre Di Miceli da Silveira and published by . This book was released on 2017 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spanish Abstract: Esta es una presentación PPT que discute el futuro del gobierno corporativo (GC) y como el negocio exitoso del siglo XXI será diferente de su contra-parte del siglo XX. La presentación contiene siete mensajes clave:1. El mundo está pasando por cambios estructurales que están llevando las partes interesadas a tener expectativas cada vez más altas sobre el rol de las empresas en la solución de los problemas de la sociedad;2. Sin embargo, muchas compañías todavía no se han dado cuenta de estos cambios profundos en el mundo y continúan siendo administradas como si aún estuvieran en el siglo XX;3. Esta vieja forma de gobernar las empresas es lo que ha dado lugar a problemas relevantes recientemente, como los grandes escándalos corporativos, la adopción del gobierno corporativo como herramienta de marketing, y una menor confianza del público en las grandes empresas;4. Los cambios estructurales requieren soluciones estructurales: es necesario adoptar un nuevo paradigma para el GC basado en la búsqueda de un propósito más elevado, el liderazgo consciente y una cultura ética que despierte lo mejor de las personas;5. Hay una creciente evidencia de que este nuevo paradigma vale la pena: incluso desde el punto de vista financiero.

Download or read book The Impact of Corporate Social Responsibility on Organizational Performance written by Tiago Ribeiro Alves de Melo and published by . This book was released on 2010 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analizamos la influencia de la Responsabilidad Social Corporativa (RSC) en el desempeño organizativo a través de cuatro aspectos principales. Llevamos a cabo un vigoroso análisis teórico, empleando la técnica de datos de panel en una muestra significativa de empresas estadounidenses que cotizan en bolsa, en el periodo comprendido entre 2001 y 2007. Primeramente, aportamos al mundo académico y profesional una medida alternativa de desempeño financiero corporativo (DFC), que puede ser influenciada por la RSC. Nuestros resultados indican que el valor de la marca es una medida válida de DFC y que esta positivamente relacionada con la RSC. Seguidamente, comprobamos que la reputación corporativa es la conexión conceptual entre la RSC y el desempeño financiero. Construimos un modelo de acuerdo con esa premisa, destacando el efecto multidimensional de la RSC y el efecto moderador desempeñado por el sector al que pertenece la empresa. Desglosamos la RSC en cinco áreas cualitativas: relaciones con la comunidad, medio ambiente, relaciones laborales, temas de producto, y la diversidad de la fuerza de trabajo. Nuestros resultados sugieren que las cinco áreas cualitativas impactan positivamente en la reputación corporativa, así como indicadores de mercado de riesgo y desempeño financiero. En las dos secciones finales, investigamos cuales variables influyen en la RSC. Encontramos que la cultura organizacional, el tiempo de permanencia de los directivos en la empresa y desempeño financiero impactan positivamente en la RSC. Sostenemos que las empresas que incorporan un enfoque humanístico a la cultura tienen un buen desempeño de RSC porque sus valores culturas y creencias internas conllevan al establecimiento de una buena relación con sus stakeholders. Esto es maximizado por el tiempo de permanencia de los altos directivos, una vez que la absorción de la cultura corporativa está proporcionalmente relacionada con este tiempo de permanencia. La disponibilidad de recursos, a través de un alto desempeño financiero, combinado con una cultura organizacional pro-activa y con la integración de los altos directivos en esta cultura contribuyen significativamente en la mejora de la RSC.

Download or read book Corporate Governance Mechanisms and Their Impact on Managerial Value written by Esther B. del Brío González and published by . This book was released on 2005 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Previous studies have cast doubts on the effectiveness of the application of corporate governance codes in Continental-European countries, due to their Anglo-Saxon orientation. For this reason, we chose a Continental-European country with an Anglo-Saxon orientated code, such as Spain, and analyse which of the recommendations proposed in the Spanish Olivencia Code have positive effects on the value of the firm. We furthermore use panel data estimation to analyse this relationship as well as the impact on firm's value of other corporate governance related variables, such as the quality of audit reports, the magnitude of directors remuneration, the reporting on director remuneration or the firm size. Results suggest a positive relationship between the variables of execution of good corporate governance practices and the value of the company. There is also evidence that the more transparent the company is and the more favourable audit reports they obtain, the better both the managerial performance and the firm's value. Among the recommendations, it is found that the most relevant aspects are transparency and the quality of the audit report.

Download or read book The Protective Arm of the Renin Angiotensin System RAS written by Thomas Unger and published by Academic Press. This book was released on 2015-04-18 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Protective Arm of the Renin Angiotensin System: Functional Aspects and Therapeutic Implications is the first comprehensive publication to signal the protective role of a distinct part of the renin–angiotensin system (RAS), providing readers with early insight into a complex system which will become of major medical importance in the near future. Focusing on recent research, The Protective Arm of the Renin Angiotensin System presents a host of new experimental studies on specific components of the RAS, namely angiotensin AT2 receptors (AT2R), the angiotensin (1–7) peptide with its receptor Mas, and the enzyme ACE 2, which exert significant beneficial, health-promoting actions by counterbalancing the well-known harmful arm of the RAS with its classical angiotensin AT1 receptor. This innovative concept of the protective arm of the RAS, examined in this reference, represents an indispensable background and will be a strong support for biomedical students, researchers, cardiologists, surgeons, nephrologists, diabetologists, and endocrinologists, as well as any other physician or researcher concerned with RAS physiology, pathophysiology and clinical implications. Provides a complete understanding of the protective side of the Renin Angiotensin System (RAS) involving angiotensin AT2 receptor, ACE2, and Ang(1-7)/Mas receptor Combines the knowledge of editors who pioneered research on the protective renin angiotensin system including; Dr. Thomas Unger, one of the founders of AT2 receptor research; Dr. Ulrike M. Steckelings, who contributed significantly to first preclinical studies with a novel specific AT2-agonist, and Dr. Robson Santos who pioneered research on angiotensin-(1-7) and its receptor Mas. Shows that the protective RAS axes are able to ameliorate the course of several cardiovascular, renal, metabolic and neurological diseases Provides the basis for the understanding of a novel therapeutic approach to stimulate components of the protective arm of the RAS.

Download or read book Phosphorus in Environmental Technology written by E. Valsami-Jones and published by IWA Publishing. This book was released on 2004-05-31 with total page 681 pages. Available in PDF, EPUB and Kindle. Book excerpt: Phosphorus in Environmental Technology: Principles and Applications, provides a definitive and detailed presentation of state-of-the-art knowledge on the environmental behaviour of phosphorus and its applications to the treatment of waters and soils. Special attention is given to phosphorus removal for recovery technologies, a concept that has emerged over the past 5-6 years. The book features an all-encompassing approach: the fundamental science of phosphorus (chemistry, geochemistry, mineralogy, biology), key aspects of its environmental behaviour and mobility, industrial applications (treatment, removal, recovery) and the principles behind such applications, novel biotechnologies and, importantly, it also addresses socio-economic issues which often influence implementation and the ultimate success of any new technology. A detailed subject index helps the reader to find their way through the different scientific and technological aspects covered, making it an invaluable reference work for students, professionals and consultants dealing with phosphorus-related environmental technologies. State-of-the-art knowledge on the behaviour of phosphorus and its applications to environmental science and technology. Covers all aspects of phosphorus in the environment, engineered and biological systems; an interdisciplinary text.

Download or read book Preventing Ageing Unequally written by OECD and published by OECD Publishing. This book was released on 2017-10-18 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines how the two global mega-trends of population ageing and rising inequalities have been developing and interacting, both within and across generations.

Download or read book Microcredit and Poverty Alleviation written by Tazul Islam and published by Routledge. This book was released on 2016-04-22 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: The attempt of the Grameen Bank to alleviate poverty and enhance the skills and productivity of its rural women clients provides the fascinating backdrop to this important study of micro-credit institutions. Tazul Islam examines the real extent to which the Grameen Bank's credit-alone policy has been successful in securing the Bank's financial sustainability; its practical role in alleviating poverty and its actual impact on the productivity of its clients. This book concludes by considering alternative policy options that hold out the possibility of increased poverty alleviation.

Download or read book Women s Participation In Mexican Political Life written by Victoria Rodriguez and published by Routledge. This book was released on 2019-03-13 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: To date, the mainstream literature on Mexican politics has said little about women, even though their participation as formal political actors has increased dramatically in the past fifteen years. Somewhat surprisingly, the political participation of women, although well documented in other Latin American countries, has been neglected in the case

Download or read book Marketing and Smart Technologies written by Álvaro Rocha and published by Springer Nature. This book was released on 2021-03-09 with total page 783 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book includes selected papers presented at the International Conference on Marketing and Technologies (ICMarkTech 2020), held at ISCTE - University Institute of Lisbon, in the city of Lisbon in Portugal, between 8 and 10 October 2020. It covers up-to-date cutting-edge research on artificial intelligence applied in marketing, virtual and augmented reality in marketing, business intelligence databases and marketing, data mining and big data, marketing data science, web marketing, e-commerce and v-commerce, social media and networking, geomarketing and IoT, marketing automation and inbound marketing, machine learning applied to marketing, customer data management and CRM, and neuromarketing technologies.

Download or read book The New Monetary Policy written by Philip Arestis and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . this book provides a useful overview of the challenges facing the IT policy framework, both by pointing to the limitations of the underlying theory and, more importantly, by outlining the importance of a transparent policy framework for anchoring expectations. . . the book should be of interest to all central bankers and students of monetary policy. Colin Rogers, Economic Record Recent developments in macroeconomic and monetary thinking have given a new impetus to the management of the economy. The use of monetary policy by way of manipulating the rate of interest to affect inflation is now well accepted by both academic economists and central bank practitioners. Beginning with an assessment of new thinking in macroeconomics and monetary theory, this book suggests that many countries have adopted the New Consensus Monetary Policy since the early 1990s in an attempt to reduce inflation to low levels. It goes on to illustrate that the explicit control of the money supply, which was fashionable in the 1970s and 1980s in the UK, US, Europe and elsewhere, was abandoned in favour of monetary rules that focus on interest rate manipulation by the central bank. The objective of these rules is to achieve specific, or a range of, inflation targets. Bringing together a distinguished cast of international contributors, this book presents a collection of papers, which discuss the following issues amongst others: the stability of the macroeconomic equilibrium monetary policy divergences in the Euro area stock market prices the US post- new economy bubble the information economy inflation targeting. This useful analysis of New Consensus Monetary Policy will be of great interest to financial economists and international monetary economists, as well as students and scholars of macroeconomics and finance.

Download or read book The Future of Companies in the Face of a New Reality written by Griselda Dávila-Aragón and published by Springer Nature. This book was released on 2021-07-06 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the changes brought on to economic and business activities in Latin America due to the new scenarios, environments and social dynamics the world is facing as a result of the COVID-19 pandemic, at both micro- and macroeconomic levels. Recent changes to working environments has brought discussions on work-life balance to the forefront, and creating support mechanisms to attract and retain the next generation of workers has become a primary focus for talent managers. At an industry level, there are expectations that once the crisis passes, there will be massive capital inflows toward ESG investments in emerging markets driving the transformation of companies. Consequently, ESG business models will have a cascading effect in the whole supply chain (upstream, midstream and downstream) and will generate greater value for all stakeholders. At the same time, technologies of the fourth industrial revolution, such as Blockchain and Artificial Intelligence, have gradually been adopted by companies leading the charge in ESG business models. The financial sector has taken the lead in these two technologies, but the challenge generated by the COVID-19 pandemic forced other sectors to innovate rapidly in order to remain afloat. Using empirical and theoretical frameworks, the contributors in this book identify the most attractive alternatives to benefit consumers in an adverse environment like the one the world is facing as a result of the COVID-19 pandemic, which while posing a significant challenge for most industries, has also created new opportunities for innovation and ingenuity, analyzing case studies from the coffee and medical tourism sectors in particular.

Download or read book Cultures of Copyright written by Dànielle Nicole DeVoss and published by Peter Lang Incorporated, International Academic Publishers. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The symbols, signs, and traces of copyright and related intellectual property laws that appear on everyday texts, objects, and artifacts have multiplied exponentially over the past 15 years. Digital spaces have revolutionized access to content and transformed the ways in which content is porous and malleable. In this volume, contributors focus on copyright as it relates to culture. The editors argue that what «counts» as property must be understood as shifting terrain deeply influenced by historical, economic, cultural, religious, and digital perspectives. Key themes addressed include issues of how: - Culture is framed, defined, and/or identified in conversations about intellectual property; - The humanities and other related disciplines are implicated in intellectual property issues; - The humanities will continue to rub up against copyright (e.g., issues of authorship, authorial agency, ownership of texts); - Different cultures and bodies of literature approach intellectual property, and how competing dynasties and marginalized voices exist beyond the dominant U.S. copyright paradigm. Offering a transnational and interdisciplinary perspective, Cultures of Copyright offers readers - scholars, researchers, practitioners, theorists, and others - key considerations to contemplate in terms of how we understand copyright's past and how we chart its futures.

Download or read book Location Based Marketing written by Gérard Cliquet and published by John Wiley & Sons. This book was released on 2020-06-16 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Location-based Marketing outlines the main concepts, methods and strategies for implementing spatial marketing, also known as geomarketing. With an emphasis on the value of mapping in marketing decision-making, this book demonstrates the importance of a more spatialized view of these decisions, in order to best respond to market realities – whether local or international. The main techniques of geomarketing are presented along with an understanding of the spatial behavior of consumers, both outside the point of sale and in stores. The book further introduces the idea of a "geomarketing mix", which spatializes product innovations, merchandising, pricing and various aspects of promotion. Finally, the book defines what real georetailing comprises and develops the concept of mobile marketing based on geolocation techniques.

Download or read book Investment Strategies in Emerging New Trends in Finance written by Reza Gharoie Ahangar and published by BoD – Books on Demand. This book was released on 2021-04-14 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment and portfolio strategies are some of the most exciting topics in finance. This book presents the most up-to-date topics and techniques in finance to facilitate the investment process for researchers and investors in selecting appropriate investment strategies with the emergence of new issues and concepts in financial areas. This book contains nine chapters divided into three sections: The first section, “Investment and Portfolio Strategies,” discusses different investment strategies in portfolio selection. The second section, “Behavioral Finance and Investment Decisions,” examines the application of behavioral finance in investment decisions. The last section, “Emerging New Trends in Finance,” includes some new and interesting finance topics that can depict our vision for the future arena of finance.

Download or read book Living The Corporate Purpose Insights From Companies In Asia written by Mark Chong and published by World Scientific. This book was released on 2021-01-12 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate purpose has become a global phenomenon in recent years. Increasingly, businesses are expected to 'produce profitable solutions to the problems of people and planet, and not to profit from producing problems for people or planet' (World Economic Forum). However, the literature on how companies can build purpose into their corporate DNA is still very nascent.This book, first of its kind, focuses on how companies in Asia are building purpose into their journey. It contains case studies of companies and their current journey to become more purpose driven, why they do it, and how they did it.