Download or read book The Benefits and Costs of Group Affiliation written by Stijn Claessens and published by . This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Consequences of Business Group Affiliation written by Rosy Locorotondo and published by . This book was released on 2015 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: In contrast to the popular assumption of independence made in the classic corporate finance literature, many companies around the world are linked through common ownership to form business groups. This paper reviews the growing literature on the consequences of business group membership. The presence of internal capital markets within the group may lead to an increased availability of financial resources and more optimal investment allocation due to reduced asymmetric information. Moreover, intragroup guarantees and a group reputation effect may also improve the access to external financing, and group members can engage in risk sharing and risk reducing activities. The existence of business groups may, however, also have negative effects, including expropriation of wealth from minority shareholders, support of inefficient affiliates, political rent-seeking and excessive use of market power. The trade-off between these costs and benefits leads to mixed empirical evidence on the impact of group affiliation on profitability and innovation.
Download or read book Ownership Structure Related Party Transactions and Firm Valuation written by Amrinder Khosa and published by Cambridge University Press. This book was released on 2019-03-21 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Market Regulations and Finance written by Ratan Khasnabis and published by Springer Science & Business Media. This book was released on 2014-03-18 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Effect of Business Group Affiliation on Firm Strategy written by Anna Lamin and published by . This book was released on 2007 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book East Asia Corporations written by and published by World Bank Publications. This book was released on 2000 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Advances In Quantitative Analysis Of Finance And Accounting Vol 4 written by Cheng Few Lee and published by World Scientific. This book was released on 2006-12-09 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: News Professor Cheng-Few Lee ranks #1 based on his publications in the 26 core finance journals, and #163 based on publications in the 7 leading finance journals (Source: Most Prolific Authors in the Finance Literature: 1959-2008 by Jean L Heck and Philip L Cooley (Saint Joseph's University and Trinity University). Advances in Quantitative Analysis of Finance and Accounting is an annual publication to disseminate developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. The objective is to promote interaction between academic research in finance and accounting and applied research in the financial community and the accounting profession.The papers in this volume cover a wide range of topics including earnings management, management compensation, option theory and application, debt management and interest rate theory, and portfolio diversification.
Download or read book Threats in Schools written by Joseph T Mccann and published by Routledge. This book was released on 2014-02-25 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: Manage potentially violent situations in your school with these expert techniques!In the wake of several highly publicized school shootings, the problem of school violence has increasingly become a focus of concern for the general public as well as teachers, school officials, and students. Drawing on case studies from publicized violent incidents as well as from Dr. McCann's private practice, Threats in Schools: A Practical Guide for Managing Violence provides techniques for identifying, conceptualizing, assessing, and managing threatening behavior by students in school settings. Offering specific case management strategies for a variety of situations, this indispensable volume provides guidance on formulating questions to ask and suggestions for developing strategies for managing potentially violent situations.Integrating threat assessment and risk management models, this approach will help you target potential threats to property, other students, teachers, and school staff. The interdisciplinary approach recognizes that violent behavior is dependent on the characteristics of the perpetrator, victim, and setting, and that the relationship between threats and violence is not always clear. Threats in Schools offers well-grounded research, detailed case studies, and theoretical approaches to help you deal with the tough issues, including: zero-tolerance policies and their more effective alternatives why profiling techniques to identify violence-prone students are of limited use interventions to defuse potentially violent situations critical incident stress management Five appendixes offer forms and checklists to help you plan and evaluate, including: threat assessment and management planning checklist of characteristics of perpetrators of school violence questions for evaluating general risk of violence fire-setting and bombing risk assessment sex offense risk assessment Lucidly written and illustrated with helpful tables and figures, Threats in Schools offers school officials, mental health professionals, community leaders, and the media the information they need to understand what sparks school violence and which approaches reduce the risk of it.
Download or read book The Strategies of China s Firms written by Hailan Yang and published by Chandos Publishing. This book was released on 2015-07-24 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to analyze how China's firms in the consumer electronics (CE) sector have developed their business strategy and corporate governance during the reform process. This book examines the CE sector in particular because it is one of the country's most important and dynamic manufacturing sectors and one of the earliest market-oriented sectors. - focuses on firms with different ownership - provides cases that offer insights into the interactions among key factors of environmental changes, exploitative and explorative strategies, and performance in a transition environment - explains why the strategies of some firms do not fit with their environments, which leads to their poorer competitive position. - compares the corporate governance of the China's firms with different ownership - explores the different ways of development of China's firms in the consumer electronics sector from the perspectives of business strategy and corporate governance - includes some wider policy-related implications related to the reform of China's firms
Download or read book Risk Measures with Applications in Finance and Economics written by Michael McAleer and published by MDPI. This book was released on 2019-07-23 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Evolutionary Ecology and Human Behavior written by Eric Alden Smith and published by Routledge. This book was released on 2017-09-29 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: ""à required reading for anyone interested in the economy, ecology, and demography of human societies."" --American Journal of Human Biology ""This excellent book can serve both as a text¼book and as a scholarly reference."" --American Scientist
Download or read book Political Choices and Electoral Consequences written by Keith Archer and published by McGill-Queen's Press - MQUP. This book was released on 1990-08-01 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most important link between labour and the NDP is the direct party affiliation of union locals. While this sort of affiliation had existed with the CCF, the Canadian Labour Congress showed a greater commitment to encouraging union locals to affiliate with the NDP. Although, as Archer discusses in both theoretical and empirical terms, individuals who belong to union locals formally linked to the NDP are more likely to vote for that party than are other people with similar socio-demographic characteristics, this has had little positive effect on the NDP's fortunes. Archer reveals that although, in principle, each union local may favour high rates of affiliation, it is often not in a local's self-interest to affiliate. Archer suggests that the main reason for such a disappointing record of affiliation is structural rather than ideological or cultural. He compares the Canadian situation to that in Britain, where the Labour Party rules governing affiliation have supported high rates of affiliation. The rules of the NDP, Archer goes on to show, are not significantly different from those that were developed between labour and the CCF. However, the CCF was not a labour party as such but rather an amalgam of farmers, labourers, and members of constituency associations. Labour's role has consequently remained that of a junior partner with the constituency groups. Under these circumstances, Archer argues, one would expect rates of affiliation to remain low.
Download or read book FCC Record written by United States. Federal Communications Commission and published by . This book was released on 2012 with total page 898 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Guide for Fee for service Medical Groups on Affiliation with Health Maintenance Organizations written by and published by . This book was released on 1983 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Lobbying for Higher Education written by Constance Ewing Cook and published by Vanderbilt University Press. This book was released on 1998 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historically, many faculty and administrators in higher education have regarded themselves as above the fray--part of the national interest, not a special interest--and considered lobbying a dirty business unworthy of their lofty enterprise. Now that academia no longer enjoys all the respect and good will that federal policy makers once afforded it, that attitude has changed. The Republican sweep of the 1994 Congressional elections served as a wake-up call for the higher education community. In response, it made a spirited effort to gain attention for its own policy preferences. Lobbying for Higher Education is about how the major higher education associations and the constituent American colleges and universities try to influence federal policy, especially congressional policy. In clear prose Cook explains how the higher education community organizes itself in Washington, how it lobbies, and how its major interest groups are perceived both by their own members and by public officials. The book focuses on the crucial development in 1995-1996 of a new lobbying paradigm, which included the greater use of campus-based resources and ad hoc coalitions. The most engrossing part of its story is higher education's creative response to the policy turmoil and disruption of the status quo that resulted from the shift in congressional party control. The author, Constance Cook, uses sources unique to this project: over 1,500 survey responses from college and university presidents (a 62% return rate) and nearly 150 interviews with institutional and association leaders. Fortuitously, the 1994 electoral upheaval provided her with an opportunity to capture, analyze, and interpret the responses of her subjects in a period of unusually sweeping change. Lobbying for Higher Education is a timely book with an interesting and important story at its core.
Download or read book Public Policy written by Christopher A. Simon and published by Routledge. This book was released on 2015-11-17 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Built on the premise that all public policy is ultimately grounded in the philosophy of governance, Christopher A. Simon's second edition continues to approach policy by combining normative and empirical perspectives. This deeply revised second edition continues to expose students to the basis of preferences, policy-making processes, policy history, and current policy decisions and outcomes. Chapters conclude with a case studies engaging students in the application of their theoretical knowledge to the real world, and encouraging them to be informed and active citizens. Key Features: Alternate tables of content are included to provide professors and students with flexible, easy-to-implement options for approaching and assigning public policy. Case studies provide real-world examples that concretely illustrate theoretical concepts. End-of-Chapter questions reinforce key concepts and encourage students to think critically about the chapter topics. Each chapter ends with a two-part summary that offers a review of the major chapter concepts ("Lessons Learned") and puts them in context ("The Big Picture").
Download or read book Encyclopedia of Marine Mammals written by William F. Perrin and published by Academic Press. This book was released on 2009-02-26 with total page 1355 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thorough revision of the classic Encyclopedia of Marine Mammals brings this authoritative book right up-to-date. Articles describe every species in detail, based on the very latest taxonomy, and a host of biological, ecological and sociological aspects relating to marine mammals. The latest information on the biology, ecology, anatomy, behavior and interactions with man is provided by a cast of expert authors – all presented in such detail and clarity to support both marine mammal specialists and the serious naturalist. Fully referenced throughout and with a fresh selection of the best color photographs available, the long-awaited second edition remains at the forefront as the go-to reference on marine mammals. - More than 20% NEW MATERIAL includes articles on Climate Change, Pacific White-sided Dolphins, Sociobiology, Habitat Use, Feeding Morphology and more - Over 260 articles on the individual species with topics ranging from anatomy and behavior, to conservation, exploitation and the impact of global climate change on marine mammals - New color illustrations show every species and document topical articles FROM THE FIRST EDITION "This book is so good...a bargain, full of riches...packed with fascinating up to date information. I recommend it unreservedly it to individuals, students, and researchers, as well as libraries." --Richard M. Laws, MARINE MAMMALS SCIENCE "...establishes a solid and satisfying foundation for current study and future exploration" --Ronald J. Shusterman, SCIENCE
