Download or read book Activisme des investisseurs institutionnels gouvernement d entreprise et richesse de l actionnaire written by Centre d'études et de recherche sur les organisations et la gestion (Puyricard). and published by . This book was released on 2004 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Activisme des investisseurs institutionnels gouvernement d entreprise et richesse de l actionnaire written by Sophie Montandrau and published by . This book was released on 2004 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: La dynamique financière induite par la montée en puissance des investisseurs institutionnels sur les marchés financiers a donné naissance à l'activisme des fonds de pension américains. C'est à l'aube des premières recherches que notre travail s'inscrit en proposant d'étudier les résultats de " l'activisme institutionnel français " sur la richesse de l'actionnaire. Notre étude empirique analyse les réactions du marché français liées à l'annonce d'une alerte de l'AFG-ASFFI sur le gouvernement d'entreprise d'une cible entre 1999 et 2002. L'impact est analysé sous deux angles. Une première étude d'événement réalisée à partir de toutes les observations révèle un effet négatif et significatif à court terme de l'activisme des investisseurs institutionnels français. Dans un second temps, nos résultats mettent en évidence l'influence de variables de contexte classées en cinq groupes : la concentration de l'actionnariat, les actionnaires en présence, la structure du conseil d'administration, la stratégie d'investissement et d'endettement, ainsi que la performance antérieure de la cible. Nous confirmons par exemple, conformément à la théorie de l'agence et la théorie de l'enracinement qu'une structure juridique duale, une forte présence d'administrateurs externes et une faible proportion d'investissements sont des facteurs qui permettent d'atténuer la réaction négative des marchés financiers suite à une alerte sur la gouvernance.

Download or read book Activisme des investisseurs institutionnels et richesse de l actionnaire written by Centre d'études et de recherche sur les organisations et la gestion (Puyricard). and published by . This book was released on 2004 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Activisme des investisseurs institutionnels gouvernement d entreprise et richesse de l actionnaire written by Sophie Montandrau and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book New Topics in Emerging Markets written by and published by BoD – Books on Demand. This book was released on 2024-01-24 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlock the future of global economics and business with New Topics in Emerging Markets. This captivating edited volume is your gateway to understanding the dynamic forces shaping economies on the rise. Delve into critical themes like financial resilience in times of crisis, the impact of technology in Sub-Saharan Africa, the evolving landscape of education in the metaverse, and much more. With diverse insights from leading minds, this book explores the intricacies of banking, innovation ecosystems, leadership in sports, and the ever-changing realm of e-commerce in a Web3 world. Gain a deeper understanding of emerging markets and their pivotal role in the global landscape. Whether you are a seasoned expert or just starting your journey in economics and business, this book offers a thought-provoking and accessible exploration of the challenges and opportunities that define the future. Don’t miss your chance to stay ahead of the curve – grab your copy today and embark on a journey into the heart of emerging markets.

Download or read book Men and Women of the Corporation written by Rosabeth Moss Kanter and published by Basic Books. This book was released on 2008-08-04 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this landmark work on corporate power, especially as it relates to women, Rosabeth Moss Kanter, the distinguished Harvard management thinker and consultant, shows how the careers and self-images of the managers, professionals, and executives, and also those of the secretaries, wives of managers, and women looking for a way up, are determined by the distribution of power and powerlessness within the corporation. This new edition of her award-winning book has a major new afterward in which the author reviews and analyzes how attitudes and practices within the corporate power structure have changed in the 1990s.

Download or read book Institutional Investors Long term Investment and Earnings Management written by Brian J. Bushee and published by . This book was released on 1997 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the influence of institutional investors on the incentives of corporate managers to alter long-term investment for earnings management purposes. Many critics argue that the short-term focus of institutional investors encourages managers to sacrifice long-term investment to meet current earnings targets. Others argue that the large stockholdings and sophistication of institutions allow them to fulfill a monitoring role in preventing such myopicinvestment behavior. I examine these competing views by testing whether institutional ownership affects R&D spending for firms that could reverse a decline in earnings with a reduction in R&D. The results indicate that managers are less likely to cut R&D to reverse an earnings decline when institutional ownership is high, implying that institutions typically serve a monitoring role relative to individual investors. However, I find that a high proportion of ownership by institutions exhibiting "transient" ownership behavior (i.e., high portfolio turnover and momentum trading) significantly increases the probability that managers reduce R&D to boost earnings. These results indicate that high turnover and momentum trading by institutional investors can encourage myopic investment behavior when such institutional investors have extremely high levels of ownership in a firm; otherwise, institutional ownership serves to reduce pressures on managers for myopic investment behavior.

Download or read book Quantum Communications and Cryptography written by Alexander V. Sergienko and published by CRC Press. This book was released on 2018-10-03 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: All current methods of secure communication such as public-key cryptography can eventually be broken by faster computing. At the interface of physics and computer science lies a powerful solution for secure communications: quantum cryptography. Because eavesdropping changes the physical nature of the information, users in a quantum exchange can easily detect eavesdroppers. This allows for totally secure random key distribution, a central requirement for use of the one-time pad. Since the one-time pad is theoretically proven to be undecipherable, quantum cryptography is the key to perfect secrecy. Quantum Communications and Cryptography is the first comprehensive review of the past, present, and potential developments in this dynamic field. Leading expert contributors from around the world discuss the scientific foundations, experimental and theoretical developments, and cutting-edge technical and engineering advances in quantum communications and cryptography. The book describes the engineering principles and practical implementations in a real-world metropolitan network as well as physical principles and experimental results of such technologies as entanglement swapping and quantum teleportation. It also offers the first detailed treatment of quantum information processing with continuous variables. Technologies include both free-space and fiber-based communications systems along with the necessary protocols and information processing approaches. Bridging the gap between physics and engineering, Quantum Communications and Cryptography supplies a springboard for further developments and breakthroughs in this rapidly growing area.

Download or read book Tribal Wisdom for Business Ethics written by Grace Ann Rosile and published by Emerald Group Publishing. This book was released on 2016-11-11 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, leading native and non-native scholars present a fascinating view of American Indian tribal values and indigenous cultures. This 'Tribal Wisdom' offers an ethic of business practice that is relationship-based and community-oriented, fostering a harmonious web of life which includes the natural environment.

Download or read book Bovernance and Bank Valuation written by Gerard Caprio and published by World Bank Publications. This book was released on 2003 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Which public policies and ownership structures enhance the governance of banks? This paper constructs a new database on the ownership of banks internationally and then assesses the ramifications of ownership, shareholder protection laws, and supervisory/regulatory policies on bank valuations. Except in a few countries with very strong shareholder protection laws, banks are not widely held, but rather families or the State tend to control banks. We find that (i) larger cash flow rights by the controlling owner boosts valuations, (ii) stronger shareholder protection laws increase valuations, and (iii) greater cash flow rights mitigate the adverse effects of weak shareholder protection laws on bank valuations. These results are consistent with the views that expropriation of minority shareholders is important internationally, that laws can restrain this expropriation, and concentrated cash flow rights represent an important mechanism for governing banks. Finally, the evidence does not support the view that empowering official supervisory and regulatory agencies will increase the market valuation of banks"--NBER website

Download or read book Traditional Knowledge and Renewable Resource Management in Northern Regions written by Milton M.R. Freeman and published by Canadian Circumpolar Institute. This book was released on 1988 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some of the papers given at a Workshop on Native Peoples and Wildlife Management held in 1986. Includes papers on the Cree of James Bay, Inuit and Sami. Individual papers are catalogued separately.

Download or read book The Elgar Companion to Social Economics written by John Bryan Davis and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social economics is a dynamic and growing field that emphasizes the key roles social values play in the economy and economic life. This second edition of the Elgar Companion to Social Economics revises all chapters from the first edition, and adds important new chapters to reflect the expansion and development of social economics. The expert contributions explain a wide range of recent developments across different subject areas and topics in the field, mapping out possible directions of future social economic research. Social economics treats the economy and economics as embedded in a web of social and ethical relationships. It considers economics and ethics as essentially connected, and adds values such as justice, fairness, dignity, well-being, freedom, and equality to the standard emphasis on efficiency. This book will be a leading resource and guide to social economics for many years to come.

Download or read book An Introduction to Efficiency and Productivity Analysis written by Timothy J. Coelli and published by Springer Science & Business Media. This book was released on 2005-07-22 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Softcover version of the second edition Hardcover. Incorporates a new author, Dr. Chris O'Donnell, who brings considerable expertise to the project in the area of performance measurement. Numerous topics are being added and more applications using real data, as well as exercises at the end of the chapters. Data sets, computer codes and software will be available for download from the web to accompany the volume.

Download or read book Bank Profitability Statistical Supplement written by Organisation for Economic Co-operation and Development and published by . This book was released on 1987 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Research Methods in Social Network Analysis written by Linton C. Freeman and published by Transaction Publishers. This book was released on 1992 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the publication of Herbert Spencer's Principles of Sociology in 1875, the use of social structure as a defining concept has produced a large body of creative speculations, insights, and intuitions about social life. However, writers in this tradition do not always provide the sorts of formal definitons and propositions that are the building blocks of modern social research. In its broad-ranging examination of the kind of data that form the basis for the systematic study of social structure, Research Methods in Social Network Analysis marks a significant methodological advance in network studies. As used in this volume, social structure refers to a bundle of intuitive natural language ideas and concepts about patterning in social relationships among people. In contrast, social networks is used to refer to a collection of precise analytic and methodological concepts and procedures that facilitate the collection of data and the systematic study of such patterning. Accordingly, the book's five sections are arranged to address analytical problems in a series of logically ordered stages or processes. The major contributors define the fundamental modes by which social structural phenomena are to be represented; how boundaries to a social structure are set; how the relations of a network are measured in terms of structure and content; the ways in which the relational structure of a network affects system actors; and how actors within a social network are clustered into cliques or groups. The chapters in the last section build on solutions to problems proposed in the previous sections. This highly unified approach to research design combined with a representative diversity of viewpoints makes Research Methods in Social Network Analysis a state-of-the-art volume.

Download or read book Germany and the Middle East written by H. Goren and published by . This book was released on 2003 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: The articles deal with diverse aspects of the changing, complex, and charged relationships of Germany with the Middle East, in general, and with certain of its states, in particular, since the 1830s until the end of the 20th century.

Download or read book Complex Ownership Structures and Corporate Valuations written by Luc Laeven and published by International Monetary Fund. This book was released on 2007-06 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The bulk of corporate governance theory examines the agency problems that arise from two extreme ownership structures: 100 percent small shareholders or one large, controlling owner combined with small shareholders. In this paper, we question the empirical validity of this dichotomy. In fact, one-third of publicly listed firms in Europe have multiple large owners, and the market value of firms with multiple blockholders differs from firms with a single large owner and from widely-held firms. Moreover, the relationship between corporate valuations and the distribution of cash-flow rights across multiple large owners is consistent with the predictions of recent theoretical models.