Download or read book Quarterly Essay 10 Bad Company written by Gideon Haigh and published by Schwartz Publishing Pty. Ltd.. This book was released on 2003-06-01 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Bad Company Gideon Haigh scrutinises the way we have turned CEOs into tin gods. Is moral outrage the appropriate response to the collapses of Enron or HIH or are we all implicated in a crazy system? Haigh argues that the attempt to create great entrepreneurs of the new caste of CEOs by giving them shares is doomed to failure and inherently absurd. In a tough-minded, vigorous demolition job on the culture that produced the cult of the CEO, Haigh writes a mini-history of business and shows how the classic traditions of capitalism are mocked by the managerialism of the present. ‘The making of the modern CEO has been a story of more: more power, more discretion, more ownership, more money, more demands, more expectations and, above all, more illusions. More, as so often, has brought less ...’ —Gideon Haigh, Bad Company ‘The world where the CEO is deemed to be a 'genius' at least equal to a great actor or a great sportsman is a world in which ... Gideon Haigh refuses to believe.’ —Peter Craven ‘Of all the extraordinary corporate stories of the 1990s, none has been more powerful than what Gideon Haigh wants to call the cult of the CEO.’ —Sydney Morning Herald ‘Haigh should be showered with blessings for producing a book which not only says boo to these geese, but has the figures and the historical perspective to back itself up. There’s even some good business advise in there.’ —Nicholas Lezard, the Guardian ‘A cogent and elegant argument.’ —Business Review Weekly Gideon Haigh has worked as a journalist for the Bulletin, the Guardian, the Australian, the Times and the Monthly. As an author he has written books on business, including Quarterly Essay 10: Bad Company – The Cult of the CEO, The Battle for BHP and One of a Kind: The Story of Bankers Trust Australia 1969–1999, and on cricket: Silent Revolutions, Game for Anything, The Green and Golden Age.

Download or read book Quarterly Essay 66 The Long Goodbye written by Anna Krien and published by Quarterly Essay. This book was released on 2017-06-10 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Top Management and Corporate Behavior written by Hui-Ting Wu and published by Rozenberg Publishers. This book was released on 2010 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays A H 2008 written by Raymond Pairan and published by Raymond Pairan. This book was released on 2009-12-04 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insanity and compulsiveness, the gamblers spirit pervades this upside down top-heavy society – a society that values the ignorance of well positioned marketing sales types over informed intellect. Capitalism is a fundamentally coherent societal framework if it can be encapsulated from the political substrate and left to small and medium sized corporations without the destructive influences of industry oligarchy. Later stage capitalism unfortunately empowers the crafty snake oil dealers groomed in cult like educational institutions to buyout all the original creative entrepreneurs. This collection of essays written in 2008 continues to show how our current societal framework is designed to benefit the few at the expense of the many and how we can change this trajectory of wealth despotism into an egalitarian cooperative community of equally important community participants.

Download or read book Essays on Corporate Risk Governance written by Mr. Gaizka Ormazabal Sanchez and published by Stanford University. This book was released on 2011 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation comprises three papers on the governance of corporate risk: 1. The first paper investigates the role of organizational structures aimed at monitoring corporate risk. Proponents of risk-related governance structures, such as risk committees or Enterprise Risk Management (ERM) programs, assert that risk monitoring adds value by ensuring that corporate risks are managed. An alternative view is that such governance structures are nothing more than window-dressing created in response to regulatory or public pressure. Consistent with the former view, I find that, in the period between 2000 and 2006, firms with more observable risk oversight structures exhibit lower equity and credit risk than firms with fewer or no observable risk oversight structures. I also provide evidence that firms with more observable risk oversight structures experienced higher returns during the worst days of the 2007-2008 financial crisis and were less susceptible to market fluctuations than firms with fewer or no observable risk oversight structures. Finally, I find that firms without observable risk oversight structures experienced higher abnormal returns to recent legislative events relating to risk management than firms with observable risk oversight structures. 2. The most common empirical measure of managerial risk-taking incentives is equity portfolio vega (Vega), which is measured as the dollar change in a manager's equity portfolio for a 0.01 change in the standard deviation of stock returns. However, Vega exhibits at least three undesirable features. First, Vega is expressed as a dollar change. This implicitly assumes that managers with identical Vega have the same incentives regardless of differences in their total equity and other wealth. Second, the small change in the standard deviation of returns used to calculate Vega (i.e., 0.01) yields a very local approximation of managerial risk-taking incentives. If an executive's expected payoff is highly nonlinear over the range of potential stock price and volatility outcomes, a local measure of incentives is unlikely to provide a valid assessment of managerial incentives. Third, Vega is measured as the partial derivative of the manager's equity portfolio with respect to return volatility. This computation does not consider that this partial derivative also varies with changes in stock price. The second paper develops and tests a new measure of managerial risk-taking equity incentives that adjusts for differences in managerial wealth, considers more global changes in price and volatility, and explicitly considers the impact of stock price and volatility changes. We find that our new measure exhibits higher explanatory power and is more robust to model specification than Vegafor explaining a wide range of measures of risk-taking behavior. 3. The third paper examines the relation between shareholder monitoring and managerial risk-taking incentives. We develop a stylized model to show that shareholder monitoring mitigates the effect of contractual risk-taking incentives on the manager's actions. Consistent with the model, we find empirically that the positive association between the CEO's contractual risk-taking incentives and risk-taking behavior decreases with the level of shareholder monitoring. Furthermore, consistent with the board anticipating and optimally responding to shareholder monitoring, boards of firms exposed to more intense monitoring design compensation contracts that provide higher incentives to take risks. Overall, our results suggest that, when evaluating risk-taking incentives provided by a compensation contract, it is important to account for the firm's monitoring environment.

Download or read book Opportunities and Risks in AI for Business Development written by Bahaaeddin Alareeni and published by Springer Nature. This book was released on with total page 621 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inducements in Organizations written by Nicolas Tichy and published by BoD – Books on Demand. This book was released on 2023-03-14 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Executive compensation has inspired controversial debate in both academia and the general public, and many voices criticize that executive compensation designs fail to deliver desired outcomes. Although much research has been devoted to understanding the antecedents and consequences of executive compensation design, important questions remain unanswered. This dissertation contributes to the field by exploring a previously neglected aspect: executive compensation complexity. Given the absence of an established measure of executive compensation complexity, there is an incomplete understanding of how complexity enters executive compensation contracts and what the consequences are for managers and corporations. The essays of this dissertation aim to narrow this gap. The first study presents a novel measure of executive compensation complexity, which is validated and utilized to examine the antecedents of executive compensation complexity. The second study explores the consequences of executive compensation complexity and finds that complexity impairs firm performance, regardless of the performance metric chosen (accounting-based, market-based, or ESG-based performance metrics). The third study explores the link between compensation design dispersion and executive turnover and reveals that executives with riskier compensation packages and fewer performance goals are more likely to move. The fourth study provides experimental evidence on the effect of CSR Fit dimensions and organizational reputation. Taken together, the essays of this dissertation make a significant and valuable contribution to the scholarly discourse on executive compensation. By shedding light on the complex nature of executive compensation and its implications for managers and corporations, this dissertation advances the current understanding of executive compensation and provides insights for policymakers, managers, and investors.

Download or read book The Cambridge Companion to The Essay written by Kara Wittman and published by Cambridge University Press. This book was released on 2022-10-31 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book studies the history and theory of the essay and its social, political, and aesthetic contexts.

Download or read book Variations in Economic Analysis written by J. Richard Aronson and published by Springer Science & Business Media. This book was released on 2010-01-14 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: For over fifty years, Eli Schwartz has inspired generations of economists through his prolific publications and dedicated in teaching. In 2008, the Martindale Center for the Study of Private Enterprise at Lehigh University invited prominent academics and practitioners—including Nobel Prize recipients, Robert Solow and Harry Markowitz, and former Chairman of the Economic Advisers to Ronald Reagan, Murray Weidenbaum—to contribute pieces that reflect their own approaches to issues that Schwartz has explored over the long span of his career. The twelve original essays cover a range of topics, including tax reform, corporate finance, fiscal policy, banking, economic growth, and globalization, representing a variety of methodologies, including economic theory, econometrics, and case analysis. The collection emphasizes the underlying connections among seemingly disparate facets of economic activity, and underscores the tremendous influence of Schwartz on economic analysis, policy, and leadership today.

Download or read book Corporate Finance written by Stefan Cristian Gherghina and published by MDPI. This book was released on 2021-05-18 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book comprises 19 papers published in the Special Issue entitled “Corporate Finance”, focused on capital structure (Kedzior et al., 2020; Ntoung et al., 2020; Vintilă et al., 2019), dividend policy (Dragotă and Delcea, 2019; Pinto and Rastogi, 2019) and open-market share repurchase announcements (Ding et al., 2020), risk management (Chen et al., 2020; Nguyen Thanh, 2019; Štefko et al., 2020), financial reporting (Fossung et al., 2020), corporate brand and innovation (Barros et al., 2020; Błach et al., 2020), and corporate governance (Aluchna and Kuszewski, 2020; Dragotă et al.,2020; Gruszczyński, 2020; Kjærland et al., 2020; Koji et al., 2020; Lukason and Camacho-Miñano, 2020; Rashid Khan et al., 2020). It covers a broad range of companies worldwide (Cameroon, China, Estonia, India, Japan, Norway, Poland, Romania, Slovakia, Spain, United States, Vietnam), as well as various industries (heat supply, high-tech, manufacturing).

Download or read book Rarest Blue written by Baruch Sterman and published by Rowman & Littlefield. This book was released on 2012-11-20 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: For centuries, dyed fabrics ranked among the most expensive objects of the ancient Mediterranean world, fetching up to 20 times their weight in gold. Huge fortunes were made from and lost to them, and battles were fought over control of the industry. The few who knew the dyes’ complex secrets carefully guarded the valuable knowledge. The Rarest Blue tells the amazing story of tekhelet, or hyacinth blue, the elusive sky-blue dye mentioned 50 times in the Hebrew Bible. The Minoans discovered it; the Phoenicians stole the technique; Cleopatra adored it; and Jews—obeying a Biblical commandment to affix a single thread of the radiant color to the corner of their garments—risked their lives for it. But with the fall of the Roman Empire, the technique was lost to the ages. Then, in the nineteenth century, a marine biologist saw a fisherman smearing his shirt with snail guts, marveling as the yellow stains turned sky blue. But what was the secret? At the same time, a Hasidic master obsessed with reviving the ancient tradition posited that the source wasn’t a snail at all but a squid. Bitter fighting ensued until another rabbi discovered that one of them was wrong—but had an unscrupulous chemist deliberately deceived him? Baruch Sterman brilliantly recounts the complete, amazing story of this sacred dye that changed the color of history.

Download or read book Quarterly Essay 54 Dragon s Tail written by Andrew Charlton and published by Quarterly Essay. This book was released on 2014-06-21 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Dragon’s Tail, Andrew Charlton explores the supercharged rise of China and considers Australia’s future as the Chinese dragon stirs and shifts. China’s rise has been perhaps the most significant economic event in two centuries, occurring 100 times more quickly and on a scale 1000 times larger than Britain’s Industrial Revolution. Since 2000, Australia has been an essential part of this transformation, providing the raw materials to feed China’s frantic manufacture of steel vertebrae for everything from cars and trucks to railways, apartments and office towers. China’s appetite for resources has made us richer than ever before, but it has also drained the competitiveness from many parts of our economy, leaving us vulnerable. In Dragon’s Tail, Andrew Charlton shows that China’s growth model is now reaching its limit, and the world’s most populous economy faces a challenging transition. Whether China crashes, or crashes through, this will have dramatic implications for Australia, slowing the demand for our resources and forcing us to reassess the foundations of our wealth. Charlton looks at ways to revitalise the Australian economy and secure our prosperity in a changing world. “Understanding China’s growth model helps explain why australia has done so well in the twenty-first century. But it also explains why, at the same time, our economic anxiety is reaching a zenith: why holden is leaving, why the budget is in such an apparent quagmire, why house prices are soaring, why the dollar is so volatile. China’s growth has brought us a windfall, but it is a precarious sort of prosperity.” - Andrew Charlton, Dragon’s Tail Andrew Charlton is the author of Ozonomics, Fair Trade for All (written with Nobel laureate Joseph Stiglitz) and Quarterly Essay 44, Man-Made World, which won the 2012 John Button Prize. From 2008 to 2010 he was senior economic adviser to Prime Minister Kevin Rudd. He previously worked for the London School of Economics and the United Nations and received his doctorate in economics from Oxford University, where he studied as a Rhodes Scholar.

Download or read book Essays on Exchange written by Peter Paul Carr and published by Ann Arbor, Mich. : University Microfilms International. This book was released on 1989 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Beyond Borders written by Paula S. Rothenberg and published by Macmillan. This book was released on 2006 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt: This interdisciplinary collection of 82 articles is designed to bring today's most pressing issues into the classroom and help prepare college students to assume their roles as members of an increasingly global community.

Download or read book Essays on Distressed Corporate Restructurings in the United States written by Yungang Luh and published by . This book was released on 1998 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Quarterly Essay 42 Fair Share written by Judith Brett and published by ReadHowYouWant.com. This book was released on 2015-01-29 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Once the country believed itself to be the true face of Australia: sunburnt men and capable women raising crops and children, enduring isolation and a fickle environment, carrying the nation on their sturdy backs. For almost 200 years after white settlement began, city Australia needed the country: to feed it, to earn its export income, to fill the empty land, to provide it with distinctive images of the nation being built in the great south land. But Australia no longer rides on the sheep's back, and since the 1980s, when ''economic rationalism'' became the new creed, the country has felt abandoned, its contribution to the nation dismissed, its historic purpose forgotten. In Fair Share, Judith Brett argues that our federation was built on the idea of a big country and a fair share, no matter where one lived. We also looked to the bush for our legends and we still look to it for our food. These are not things we can just abandon. In late 2010, with the country independents deciding who would form federal government, it seemed that rural and regional Australia's time had come again. But, as Murray - Darling water reform shows, the politics of dependence are complicated. The question remains: what will be the fate of the country in an era of user - pays, water cutbacks, climate change, droughts and flooding rains? What are the prospects for a new compact between country and city in Australia in the twenty - first century? ''Once the problems of the country were problems for the country as a whole. But then government stepped back … The problems of the country were seen as unfortunate for those affected but not likely to have much impact on the rest of Australia. The agents of neoliberalism cut the country loose from the city and left it to fend for itself.'' - Judith Brett, Fair Share.

Download or read book The Handbook of the Economics of Corporate Governance written by Benjamin Hermalin and published by Elsevier. This book was released on 2017-09-18 with total page 762 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of the Economics of Corporate Governance, Volume One, covers all issues important to economists. It is organized around fundamental principles, whereas multidisciplinary books on corporate governance often concentrate on specific topics. Specific topics include Relevant Theory and Methods, Organizational Economic Models as They Pertain to Governance, Managerial Career Concerns, Assessment & Monitoring, and Signal Jamming, The Institutions and Practice of Governance, The Law and Economics of Governance, Takeovers, Buyouts, and the Market for Control, Executive Compensation, Dominant Shareholders, and more. Providing excellent overviews and summaries of extant research, this book presents advanced students in graduate programs with details and perspectives that other books overlook. - Concentrates on underlying principles that change little, even as the empirical literature moves on - Helps readers see corporate governance systems as interrelated or even intertwined external (country-level) and internal (firm-level) forces - Reviews the methodological tools of the field (theory and empirical), the most relevant models, and the field's substantive findings, all of which help point the way forward