levine 2004 the corporate governance of banks

Ngày tải lên: 06/01/2015, 19:49

... of the area and then return to Wollongong where they can undergo their rehabilitation either as a day patient or an inpatient, allowing them to be close to home and family. The hospital offers ... options is something which Hudsons Coffee has implemented in the hospital stores. Hudsons Coffee offers every customer the benefits of being part of the Hudsons Coffee Rewards Club where every transaction ... Pindara. Both of these midwives are part of the Pindara Graduate midwife programme and will facilitate their recent midwifery training by rotating through the clinical areas of the unit over the next...

Ngày tải lên: 07/03/2014, 15:20

... 7 In the second half of 2008, banks around the world relying on wholesale financing experienced marked distress following the collapse of Lehman Brothers. Many of these banks have either merged ... and then considers the responsibility of the board and why its oversight appears to have failed in a number of cases. Other aspects of the corporate governance framework that contributed to the ... levels of risk by following the letter rather than the intent of regulations In some cases, banks have taken on high levels of risk by following the letter rather than the intent of regulations...

Ngày tải lên: 15/03/2014, 19:20

... world. Chapter 3 continues the discussion on the theme of ‘making a virtue out of the necessity’ of nations and examines proposals to overcome the limitations of the nationality model of citizenship by ... I will at least succeed in the remaining objectives. Plan of the book The structure of the subsequent discussion reflects the themes of ideological and structural change, theoretical inn ovation ... forces, on the other, scholars wondered whether the modern nationality model of citizenship had outlived its usefulness. For although these developments did not precipitate the eclipse of the nation-state,...

Ngày tải lên: 05/08/2014, 13:20

... in politics. By the 1830s, Staatsburger denoted the formal equality of citizens who were the bearers of rights and the duty to obey the law. But in the course of the nineteenth century, the concept of Staatsangehorigkeit ... identification and the site for a genuinely participatory citizenship, until the swamping of the city-states by the military power of Alexander the Great. The weakening of the limited loyalties of the city-state ... that is, the divine logos for human society. Against the background of large-scale rule and under the influence of the theoretical idealism of the Hellenised Stoics, the boundaries of the political...

Ngày tải lên: 05/08/2014, 13:20

... knit together the joints of all parts of the body, so doth ligeance join together the sovereign and all his subjects ligeance and obedience of the subject to the sovereign is due by the law of nature; ... proposed in the aftermath of 9/11 and against the background of the riots in Bradford, Oldham and Burnley in the summer of 2001, which official policy circles saw as signifiers of the absence of communal ... accurately detect the possession of such a level of knowledge? These questions promp t us to disentangle the functional from the ideological dimensions of the requirements of ‘knowledge of the host society’...

Ngày tải lên: 05/08/2014, 13:20

... embraced the principle of sex equality in matters of nation- ality in 1932, while the principle of the unity of the family from the point of view of nationality was losing its privileged status. 48 The ... effect of the ‘citizenship of claims’ is no different from that of the ‘nationality of claims’, these principles nevertheless rest on different theoretical foundations. The principle of ‘nationality ... defined the law of nations as the science of law which applies between nations and the obligations arising from this law. 5 It is beyond the scope of the discussion to examine the effects of state...

Ngày tải lên: 05/08/2014, 13:20

... University of Michigan Press. Abu-Lughod, L. 1989. ‘Zones of Theory in the Anthropology of the Arab World’, Annual Review of Anthropology 18: 267. Aleinikoff, A. 1986. ‘Theories of Loss of Citizenship’, ... spirit of openness to unassimilated otherness’, that is, the positive recognition of the Other as both ‘other’ and ‘co-other’ and the establishment of strong links among communities. 12 As the Foreign ... number of variables, including the perceived net benefits of the proposed alternative rules, the state of the inter national system and the timeliness of the proposal. More importantly, since ‘the...

Ngày tải lên: 05/08/2014, 13:20

... 1992. The Ethics of Authenticity. Cambridge, MA: Harvard University Press. 1994. ‘Sources of the Self, ‘ the Politics of Recognition’’’, in C. Taylor (ed.), Multiculturalism and the Politics of ... Press. 1998. The Inclusion of the Other. Cambridge MA: MIT Press. 2001. The Postnational Constellation, trans. M. Pensky. Harvard MA: MIT Press. 2005. ‘Equal Treatment of Cultures and the Limits of Postmodern ... Revisionings of the Political. London: Routledge. Young, I. M. 1989. ‘Polity and Group Difference: A Critique of the Ideal of Universal Citizenship’, Ethics 99(2): 250. 1990. Justice and the Politics of...

Ngày tải lên: 05/08/2014, 13:20

... to improve their corporate governance. 14 15 15 16 CHAPTER 2 THEORETICAL FRAMEWORK ON CORPORATE GOVERNANCE 2.1 Nature of corporate governance 2.1.1 Definitions of corporate governance There is ... responsibility to take charge of the management of the company in the form of directors. Agency theory is one of the key concepts underlying the importance of corporate governance, which has taken prominent ... is the amount that the purchase price exceeds the fair value of the acquired company’s assets. It is the premium one company pays to buy another. 23 24 2.2 Theories of corporate governance: There...

Ngày tải lên: 04/12/2014, 08:49

Ngày tải lên: 06/01/2015, 19:48

... large banks with voting control over much of the German large corporate sector. The Reich then took control of the banks. Following the war, the banks were privatized, but the Nazi innovations of ... who used small blocks of super-voting shares to hold together their vast py- The Global History of Corporate Governance: An Introduction 23 portance at the middle of the century. They suggest that ... different countries. The Global History of Corporate Governance: An Introduction 27 louder in the final decades of the twentieth century, but they remain more muted than in Germany. Despite the rise of public...

Ngày tải lên: 11/06/2014, 15:48

... 11 .67% above the industry average, a 5-year return 5 .90% above the industry average, and a 10-year return 19 .09% above the industry average . Another example is Occidental Petroleum Corp . It had an industry CGQ of 99 .5, a 3-year return 24 .35% above the industry average, a 5-year return 9 .75% above the industry average, and a 10-year return 5 .72% above the industry average . An example of poor corporate governance is Sholodge, Inc . It had an industry CGQ of 5 .1, a 3-year return 7 .55% below the industry average, a 5-year return 7 .09% below the industry average, and a 10-year return 19 .79% below the industry average . Another example is MediaBay, Inc . It had an industry CGQ of 9 .6, a 3-year return 34 .84% below the industry average, and a 5-year return 38 .78% below the industry average . We next examined whether firms with weaker corporate governance are less profitable than firms with stronger corporate governance . We found firms with weaker corporate governance to be less profitable . They have lower return on assets, lower return on average equity, lower return on average investment, lower return on equity, and lower return on investment than do firms with stronger governance . (See table 1, panel A) . Two examples follow . First, firms in the bottom decile ... a performance difference of 28 .04% . (See table 2, panel B) . 1 .  Corporate Governance Quotient (CGQ) is a rating system designed to assist institutional investors in evaluating the quality of corporate boards and the impact their governance practices may have on performance . The CGQ uses a comprehensive set of objective and consistently applied criteria to each of the companies rated . Continuing with our previous examples, IBM had a return on equity that was 70 .75% above the industry average, and a net profit margin 64 .76% above the industry average . Occidental had a return on equity that was 29 .31 % above the industry average, and a net profit margin 23 .18% above the industry average . Sholodge had a return on equity that was 29 .57% below the industry average, and a net profit margin 70 .19% below the industry average . MediaBay had a return on equity that was 30 .83% below the industry average, and a net profit margin 5 .84% below the industry average . Third, we examined if firms with weaker corporate governance are riskier than firms with stronger corporate governance . We found firms with weaker corporate governance to be riskier . Three examples follow . First, firms with weaker corporate governance ... provider of proxy voting and corporate governance data services . ISS's proprietary rating system, Corporate Governance Quotient (CGQđ), ranks the corporate governance performance of more than 7,500 companies worldwide, including the following indexes : S&P 500, S&P 600, S&P 400, Russell 3000, MSCIâ EAFE (Europe, Asia and Far East) and S&P TSX Composite Index (Canada) . Considered to be the world's leading authority on corporate governance, ISS's CGQ is designed on the premise that good corporate governance ultimately results in increased shareholder value . Note : An issuer may have purchased self-assessment tools and publications from ISS, or ISS's Corporate Programs division may have provided advisory...

Ngày tải lên: 02/01/2015, 17:32

... The paper aims at studying the corporate governance index applied in banks from literature review. By developing the corporate governance index (CGI) based on OECD, Basel principles, the ... influenced by the management style of a market economy after privatization. The bank is a medium to large joint stock commercial banks in Vietnam. For these reasons, corporate governance of the bank ... change in ownership structure and governance is one of them. Establishment of joint stock banks, privatization of 3 large state owned commercial banks and issuance of new law on credit institutions...

Ngày tải lên: 02/01/2015, 17:33

... practices. The ROE of companies with better corporate governance at an ROE of 23.5%, compare with the companies with lower corporate governance with ROE of 16.6%. The results of the ROA ratios ... further poor governance practices. In Vietnam, there have been a number of company scandals from corporate governance failures and malpractices. They have included some of the largest corporate ... recognized by the OECD Principles as the keys to good corporate governance: (i) The rights of shareholders; (ii) Equitable treatment of shareholders; (iii) Role of stakeholders in corporate governance; ...

Ngày tải lên: 02/01/2015, 17:33

Ngày tải lên: 02/01/2015, 17:34

Ngày tải lên: 06/01/2015, 19:43

Ngày tải lên: 06/01/2015, 19:43