Download or read book The Shareholder Value Approach Criticism using the Example of the Corona Crisis written by Felix-Sebastian Ament and published by GRIN Verlag. This book was released on 2020-10-27 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2020 in the subject Business economics - Controlling, grade: 1,3, The FOM University of Applied Sciences, Hamburg, course: Value-Based Controlling & Intern. Accounting, language: English, abstract: Due to the COVID 19 pandemic many companies have faced and still face countless challenges. Strategies must be adjusted, and costs must be reduced due to the lack of sales to avoid possible company crises. But how rigorous should profit-oriented management be when the world has been caught off guard by an unprecedented pandemic? Is it possible to combine considerate and entrepreneurial action and how can the interests of all concerned be reconciled? This paper aims to answer and guide these questions. The course of the crisis, the economic consequences and the political measures taken in Germany are discussed. The methodology makes use of current sources and evaluations and sheds light on the shareholder value approach from a historical perspective. It critically examines the application of the concept to the extent of the Corona crisis. Some 23.53 million people were confirmed as infected and about 810,00 deaths were reported worldwide. The COVID 19 pandemic is changing life as known until the start of 2020 at a drastic pace. The course and the effects herald the economic crisis in 2020. On Wall Street, the biggest slump in stock prices since 1987 was reported. Other indices around the world also lost heavily because economic life in many countries had largely come to a stand-still. For 2020, the Federal Government expects the gross domestic product to decline by 6.3 per cent. The reasons for this are well known. The drastic restrictions make it impossible to continue to operate as usual. This means that there will not be a full recovery in 2021 either.

Download or read book Handbook of Research on Financial Management During Economic Downturn and Recovery written by Teixeira, Nuno Miguel and published by IGI Global. This book was released on 2021-06-04 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt: Times of crisis are unexpected and they bring diverse challenges and opportunities for companies, financial markets, and the economy. On one hand, more risk and uncertainties appear, yet on the other hand, it is an opportunity to reorganize and reinvent the company. It is important for businesses to understand ways to deal with uncertainty and risk in times of economic downturn and what financial strategies and tools can be used to eliminate or reduce the potential negative effects. These effects can reach the company’s financial performance, capital structure, as well as cause financial debt and the availability of cash-flow to companies. However, different financial instruments can sustain the business and deal with the difficulties of payment when sales reduce and uncertainty increases; thus, research is essential in this critical area. When economic downturn affects the financial markets, the role of banks, country dynamics, the economy, and many other facets of the business world, financial management becomes the key for business recovery. The Handbook of Research on Financial Management During Economic Downturn and Recovery shares relevant knowledge on challenges and opportunities caused by crises, such as the pandemic, and the effects on economic and financial arenas. The chapters cover topics such as business models to understand how companies react to pandemic and crises situations, as well as how they change their management and way of conducting business. Other important topics include sustainable development, international financial markets, capital structure changes, uncertainty and risk, and governance and leadership. This book is ideal for shareholders, directors and managers, economists, researchers, academics, practitioners, stakeholders, researchers, academicians, and students interested in knowledge on topics about challenges in the way that companies, financial markets, financial institutions, and governments respond to risk and uncertainty.

Download or read book Capitalism at Risk Updated and Expanded written by Joseph L. Bower and published by Harvard Business Press. This book was released on 2020-06-30 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: Q. Who should take the lead in fixing market capitalism? A. Business—not government alone. The spread of capitalism worldwide has made people wealthier than ever before. But capitalism's future is far from assured. Pandemics, income inequality, resource depletion, mass migrations from poor to rich countries, religious fundamentalism, the misuse of social media, and cyberattacks—these are just a few of the threats to continuing prosperity that we see dominating the headlines every day. How can capitalism be sustained? And who should spearhead the effort? Critics turn to government. In their groundbreaking book, Capitalism at Risk, Harvard Business School professors Joseph Bower, Herman Leonard, and Lynn Paine argue that while robust governments must play a role, leadership by business is essential. For enterprising companies—whether large multinationals, established regional players, or small startups—the current threats to market capitalism present important opportunities. In this updated and expanded edition of Capitalism at Risk, Bower, Leonard, and Paine set forth a renewed and more urgent call to action. With three additional chapters and a new preface, the authors explain how the eleven original disruptors of the global market system clash with the digital age, and they provide lessons on how to take action. Presenting examples of companies already making a difference, Bower, Leonard, and Paine show how business must serve both as innovator and activist—developing corporate strategies that effect change at the community, national, and international levels. Filled with rich insights, this new edition of Capitalism at Risk presents a compelling and constructive vision for the future of market capitalism.

Download or read book Financial Accounting Theory and Analysis written by Richard G. Schroeder and published by John Wiley & Sons. This book was released on 2022-11-01 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the newly revised fourteenth edition of Financial Accounting Theory and Analysis: Text and Cases, a decorated team of accounting veterans delivers an authoritative exploration of how accounting standards impact the daily decisions of accounting professionals. You’ll discover how accounting theory explains why particular companies select particular accounting methods and predicts the attributes of firms by analyzing the accounting methods they employ. The authors examine the latest empirical research relevant to theories of accounting and the uses of accounting information, including the fundamental analysis model, the efficient markets hypothesis, the behavioral finance model, the positive accounting theory model, and more. This latest edition robustly summarizes current disclosure requirements for various financial statement items and reviews the development and current state of accounting theory. It also includes: Discussions of the decline of the movement to adopt international accounting standards in the United States Coverage of the proposed IASB amendment to require reporting on ESG metrics Explorations of recent attempts to promote relevant and practical accounting research in academia Updated analysis exercises for real-world financial statements Analysis of the differences between FASB and IASB accounting standards pertaining to fair value Coverage of the changes related to stock compensation contained in ASU 2021-04 and ASU 2018-07

Download or read book The COVID 19 Impact on Corporate Leverage and Financial Fragility written by Sharjil M. Haque and published by International Monetary Fund. This book was released on 2021-11-05 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the impact of the COVID-19 recession on capital structure of publicly listed U.S. firms. Our estimates suggest leverage (Net Debt/Asset) decreased by 5.3 percentage points from the pre-shock mean of 19.6 percent, while debt maturity increased moderately. This de-leveraging effect is stronger for firms exposed to significant rollover risk, while firms whose businesses were most vulnerable to social distancing did not reduce leverage. We rationalize our evidence through a structural model of firm value that shows lower expected growth rate and higher volatility of cash flows following COVID-19 reduced optimal levels of corporate leverage. Model-implied optimal leverage indicates firms which did not de-lever became over-leveraged. We find default probability deteriorates most in large, over-leveraged firms and those that were stressed pre-COVID. Additional stress tests predict value of these firms will be less than one standard deviation away from default if cash flows decline by 20 percent.

Download or read book Handbook of Research on Changing Dynamics in Responsible and Sustainable Business in the Post COVID 19 Era written by Popescu, Cristina Raluca Gh. and published by IGI Global. This book was released on 2022-01-07 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has shocked every part of society. The rise of businesses to the important task of improving sustainability and responsibility has been interrupted by the stress of the pandemic. In its wake, organizational leaders must reassess the best strategies considering the changes made by the “new normal.” The Handbook of Research on Changing Dynamics in Responsible and Sustainable Business in the Post-COVID-19 Era provides valuable insight of the significant changes caused by the COVID-19 pandemic in terms of defining, characterizing, presenting, and understanding the meaning, challenges, and implications of responsible and sustainable business. Covering topics such as consumerism, supply chain management, and sustainable organizational performance, this major reference work is an excellent resource for academicians, scientists, researchers, students, business specialists, business leaders, consultants, government institutions, and policymakers.

Download or read book Handbook of Research on Smart Management for Digital Transformation written by Barbosa, Belem and published by IGI Global. This book was released on 2022-03-11 with total page 614 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a global and digital society, businesses are constantly being challenged by innovative and disruptive management strategies. The dramatic changes that took place in all corners of the world during the COVID-19 pandemic confirmed that companies need to update their resources and anticipate trends. The current changes introduced by digitalization offer endless innovation scenarios and strategic opportunities to companies but also demand an accurate and structured analysis of drivers, motivations, and determinants for success in this transformation. The Handbook of Research on Smart Management for Digital Transformation analyzes the drivers of digital transformation in businesses and assesses digital transformation success factors in the short, medium, and long run. This critical reference source is comprised of theoretical and empirical chapters as well as case studies on digital adoption by companies in different business sectors. Covering topics such as brand messaging, digital media platforms, and success determinants, this book is an essential resource for managers, researchers, educators of higher education, business students, digital strategists, business associations, communication and marketing agencies, entrepreneurs, and academicians.

Download or read book Post Pandemic Realities and Growth in Eastern Europe written by Silvia L. Fotea and published by Springer Nature. This book was released on 2022-10-10 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the COVID-19 crisis comes to an end, leaders, organizations, and governments have to develop a “new normal” for doing business with a focus on protecting the environment, integrating new technologies and adapting to new social changes. Based on empirical studies and conceptual contributions from researchers and practitioners presented at the Griffiths School of Management & IT’s 12th Annual Conference on Business, Entrepreneurship and Ethics (GSMAC), this proceedings volume provides a multifaceted perspective on the impact and effects of the COVID-19 pandemic on various public and private systems including education, business organizations and consumer behavior. In particular, this book explores the impact of the pandemic on remote work and employee health, sustainable development, and economic growth, among others. It also highlights the role of data analysis in understanding trends, opportunities, and challenges in the above systems.

Download or read book Digital Economy Business Analytics and Big Data Analytics Applications written by Saad G. Yaseen and published by Springer Nature. This book was released on 2022-09-26 with total page 723 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about turning data into smart decisions, knowledge into wisdom and business into business intelligence and insight. It explores diverse paradigms, methodologies, models, tools and techniques of the emerging knowledge domain of digitalized business analytics applications. The book covers almost every crucial aspect of applied artificial intelligence in business, smart mobile and digital services in business administration, marketing, accounting, logistics, finance and IT management. This book aids researchers, practitioners and decisions makers to gain enough knowledge and insight on how to effectively leverage data into competitive intelligence.

Download or read book Policy Evaluation in the Era of COVID 19 written by Pearl Eliadis and published by Taylor & Francis. This book was released on 2023-04-07 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Did evaluation meet the challenges of the COVID-19 crisis? How were evaluation practices, architectures, and values affected? Policy Evaluation in the Era of COVID-19 is the first to offer a broad canvas that explores government responses and ideas to tackle the challenges that evaluation practice faces in preparing for the next global crisis. Practitioners and established academic experts in the field of policy evaluation present a sophisticated synthesis of institutional, national, and disciplinary perspectives, with insights drawn from developments in Australia, Canada and the UK, as well as the UN. Contributors examine the impacts of evaluation on socioeconomic recovery planning, government innovations in pivoting internal operations to address the crisis, and the role of parliamentary and audit institutions during the pandemic. Chapters also example the Sustainable Development Goals, and the inadequacy of human rights-based approaches in evaluation, while examining the imperative proposed by some authors that it is time that we take seriously the call for substantial transformation. Written in a clear and accessible style, Policy Evaluation in the Era of COVID-19 offers a much-needed insight on the role evaluation played during this unique and critical juncture in history.

Download or read book Digitalization and the Impacts of COVID 19 on the Aviation Industry written by Kurnaz, Salim and published by IGI Global. This book was released on 2022-04-08 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 21st century, digital technologies have become an indispensable part of our lives due to the speed and convenience they provide. The digitalization trend has accelerated after the initial outbreak of the COVID-19 pandemic. Many businesses are taking measures to adapt and do business in a world where everything from teamwork, teaching, sales, and customer service is done remotely. Aviation companies, hit particularly hard by the pandemic due to huge declines in passenger and freight demand, must focus on the use of digital technologies to regain organizational success. Digitalization and the Impacts of COVID-19 on the Aviation Industry presents the relationship between the aviation industry and digitalization. It studies the effects of digitalization and the COVID-19 pandemic on the aviation industry. This publication offers both empirical and theoretical information to analyze the future of the aviation industry. Covering topics such as aviation education, corporate communication, and marketing challenges, this book is an essential resource for researchers, academicians, students and educators of higher education, government officials, leaders in the aviation industry, marketing managers, and communications specialists.

Download or read book The Global and Social Consequences of the COVID 19 Pandemic written by Gottfried Schweiger and published by Springer Nature. This book was released on 2022-06-30 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book directly addresses the social and economic consequences of the COVID-19 pandemic. It does so by focusing on both the immediate effects during the pandemic and the lockdowns, as well as the issues related to the long-term social consequences that are likely to result from the economic crisis in the coming years. To date, most philosophical essays and books have focused on the health aspects of the pandemic, and in particular on the fields of medical ethics and public health ethics. Containing a truly international and interdisciplinary group of scholars, a unique and global perspective is offered on the rarely discussed social and economic consequences of the pandemic. This book is of great interest to academic philosophers, but also to researchers from the social sciences.

Download or read book Inequality in a Context of Climate Crisis after COVID written by David Byrne and published by Routledge. This book was released on 2021-06-17 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inequality in a Context of Climate Crisis after COVID uses a complex realist approach to examine the crisis of three interconnected problems: economic inequality, climate change, and the COVID-19 pandemic. Widely acknowledged as the key driver of political discontent and social instability, economic inequality across high and middle-income countries is profoundly interconnected with climate change. Both of these issues are now set within the particularly acute context of COVID-19 and its aftermath. Confronting the crisis of these inherently interwoven issues is now the major problem for all political and governance systems. This book uses a complex realist frame of reference to understand the character of social-cultural-economic-political-ecological systems. It gives us a vocabulary and modes of thinking to confront these societal challenges and inform future action. Contributing to our thinking about dynamic social systems, this text deploys complex realism to understand our trajectory towards increasing inequality. It puts complexity to work in addressing fundamental social issues in a context of climate crisis after COVID-19. This book will be of interest to students and scholars across the social sciences, in particular to those studying social inequality, climate change, heterodox economics, complex systems, and Master's students in prgrammes with an applied focus. It will be of use to policymakers and practitioners.

Download or read book Economic and financial issues in the post covid 19 world Implications and role of public health written by Giray Gozgor and published by Frontiers Media SA. This book was released on 2023-02-13 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book ESG and Responsible Institutional Investing Around the World A Critical Review written by Pedro Matos and published by CFA Institute Research Foundation. This book was released on 2020-05-29 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This survey examines the vibrant academic literature on environmental, social, and governance (ESG) investing. While there is no consensus on the exact list of ESG issues, responsible investors increasingly assess stocks in their portfolios based on nonfinancial data on environmental impact (e.g., carbon emissions), social impact (e.g., employee satisfaction), and governance attributes (e.g., board structure). The objective is to reduce exposure to investments that pose greater ESG risks or to influence companies to become more sustainable. One active area of research at present involves assessing portfolio risk exposure to climate change. This literature review focuses on institutional investors, which have grown in importance such that they have now become the largest holders of shares in public companies globally. Historically, institutional investors tended to concentrate their ESG efforts mostly on corporate governance (the “G” in ESG). These efforts included seeking to eliminate provisions that restrict shareholder rights and enhance managerial power, such as staggered boards, supermajority rules, golden parachutes, and poison pills. Highlights from this section: · There is no consensus on the exact list of ESG issues and their materiality. · The ESG issue that gets the most attention from institutional investors is climate change, in particular their portfolio companies’ exposure to carbon risk and “stranded assets.” · Investors should be positioning themselves for increased regulation, with the regulatory agenda being more ambitious in the European Union than in the United States. Readers might come away from this survey skeptical about the potential for ESG investing to affect positive change. I prefer to characterize the current state of the literature as having a “healthy dose of skepticism,” with much more remaining to be explored. Here, I hope the reader comes away with a call to action. For the industry practitioner, I believe that the investment industry should strive to achieve positive societal goals. CFA Institute provides an exemplary case in its Future of Finance series (www.cfainstitute.org/research/future-finance). For the academic community, I suggest we ramp up research aimed at tackling some of the open questions around the pressing societal goals of ESG investing. I am optimistic that practitioners and academics will identify meaningful ways to better harness the power of global financial markets for addressing the pressing ESG issues facing our society.

Download or read book Handbook of Critical Approaches to Politics and Policy of Education written by Kenneth J. Saltman and published by Routledge. This book was released on 2022-04-27 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Critical Approaches to Politics and Policy of Education provides a broad overview of educational policy and politics from critical perspectives engaging with both foundational and cutting edge topics. In critical perspectives, educational policy debates and programs for reform are about more than narrow questions of efficacy say to raise test scores or for simply more educational inclusion, fairer school spending, or even cultural responsiveness. Rather, policy and reform debates represent contested visions for schools and society by social groups vying for hegemony. Critical approaches to educational policy and politics see schooling and education more broadly as contested terrain in which competing visions for education are imbricated with the material and symbolic interests and cultural ideologies of different classes and cultural groups. Chapters in this volume are organized into five sections. The first three sections provide a foundational overview to educational policy and politics, covering culture and politics of education, political economy of education, and subjectivity and education. These chapters address longstanding and current policy and political debates as well as foundational theoretical debates. The last two sections are organized around two themes that address some of the most significant recent directions of educational politics and policy: disaster politics and technology.

Download or read book The Law and Governance of Decentralised Business Models written by Roger M Barker and published by Routledge. This book was released on 2020-12-30 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book draws together themes in business model developments in relation to decentralised business models (DBMs), sometimes referred to as the ‘sharing’ economy, to systematically analyse the challenges to corporate and organisational law and governance. DBMs include business networks, the global supply chain, public–private partnerships, the platform economy and blockchain-based enterprises. The law of organisational forms and governance has been slow in responding to changes, and reliance has been placed on innovations in contract law to support the business model developments. The authors argue that the law of organisations and governance can respond to changes in the phenomenon of decentralised business models driven by transformative technology and new socio-economic dynamics. They argue that principles underlying the law of organisations and governance, such as corporate governance, are crucial to constituting, facilitating and enabling reciprocality, mutuality, governance and redress in relation to these business models, the wealth-creation of which subscribes to neither a firm nor market system, is neither hierarchical nor totally decentralised, and incorporates socio-economic elements that are often enmeshed with incentives and relations. Of interest to academics, policymakers and legal practitioners, this book offers proposals for new thinking in the law of organisation and governance to advance the possibilities of a new socio-economic future.