slovenia s corporate governance framework

... high-risk (but on average higher yield) securitized assets such as stocks or corporate bonds Middle-income households have a greater preference for less risky assets such as bank deposits Low-income ... securities in market-based systems such as the US and UK The demand for securities is thus higher in "individualistic” systems emphasizing such capitalized private schemes "Solidaristic” retirement systems, ... financial systems as a rule include both banks and markets, bank-based systems are distinguished from market-based systems by a number of characteristics: a greater proportion of household assets are...

Ngày tải lên: 06/03/2014, 10:20

... OECD 2011 ASSESSMENT AND RECOMMENDATIONS Assessment The following section assesses Slovenia s corporate governance in terms of five core corporate governance features: ● Ensuring a consistent regulatory ... consistent or transparent manner and there seems to be limited ex-post assessment of whether SOEs achieve such objectives that have been set There is also no clear process established for assessing ... difficulties of using the court processes in Slovenia to resolve such cases.20 A shared view of Slovenian corporate practitioners and foreign observers is that the process for enforcing contracts and seeking...

Ngày tải lên: 23/03/2014, 11:20

... 4.5.2 Regression Results and Robustness Tests 164 4.5.3 Discussions 167 4.6 Conclusions and Comments 171 Appendix A Proofs of Propositions, Corollaries and Results ... across outlets as well as phases Finally, we close the study with an empirical analysis on strategic interactions among franchise chains Although such an issue, sometimes also referred to as “reaction ... b is also satisfied Thus, the SOCs would be omitted from the discussions below for we will have optimal linear contracts in all cases 2.2.1.1 The First-best Solution The principal s first-best...

Ngày tải lên: 03/06/2014, 02:02

... Ownership is divided into ordinary shares and several types of classes of preferential shares - May issue securities for fund raising and go listed if satisfying listing requirements 15 - Each shareholder s ... invested capital assets (Epps & Cereola 2008) Managers are directly responsible for the operations of the business and therefore the utilization of the firms’ assets Thus, ROA allows users to assess ... their distributions and the assumptions of multivariate analysis Through SPSS descriptive statistics, minimum and maximum values, means, standard deviations, missing data, and kurtosis of each...

Ngày tải lên: 01/06/2015, 20:09

... monitors, such as inside versus outside directors (Baysinger & Hoskisson, 1990; Hillman, Nicholson, & Shropshire, 2008) Such studies, though, not deeply examine how differential access and processing ... propensity score matching and estimation based on robust standard errors found similar results for R&D; more mixed results for short-term expenses suggest greater sensitivity of short-term responses ... RESULTS Hypothesis 1: Baseline results and robustness tests Table 1.2 reports DID estimates that support H1, which expected managerial risk preferences to shift away from long-term toward short-term...

Ngày tải lên: 09/09/2015, 11:28

... Abbreviations and Acronyms AMC ASBE CalPERS CEO CPA CSRC D&O ESOP GDP IAS IFC IPO M&A PBOC SBIC SEC SETC SOCB SOE ST TVE WTO Asset management company Accounting Standards for Business Enterprises California ... the corporate governance practices of Chinese companies The following sections focus on remaining weaknesses, outstanding issues, and recommended priorities for policy actions Summary Assessment ... process, new institutions for the exercise of corporate control have emerged, such as boards of directors and supervisors As a result, issues such as how to make these institutions more effective;...

Ngày tải lên: 09/12/2013, 17:22

... transactions such as mergers, and sales of substantial portions of corporate assets, should be clearly articulated and disclosed so that investors understand their rights and recourse Transactions should ... markets, and extraordinary transactions such as mergers, and sales of substantial portions of corporate assets, should be clearly articulated and disclosed so that investors understand their rights ... unenforceable laws, and unintended consequences that may impede or distort business dynamics, policy measures should be designed with a view to their overall costs and benefits Such assessments should...

Ngày tải lên: 16/01/2014, 16:33

... khoán triển khai với qui mô lớn Eric de Keuleneer Solvay Business School The University of Brussels 21 Ave F.D Roosevelt, B-1050 Brussels, Belgium www.saga.vn ... Việt Nam có khu vực s hữu nhà nước lớn có lẽ không nên quan tâm tới việc tư nhân hóa thật nhanh mà cần tránh lặp lại sai lầm Nga, nơi việc tư nhân hóa s m dẫn tới tài s n thuộc s hữu nhà nước bị ... “tối đa giá trị cổ đông” (shareholders value maximization) tìm kiếm thời gian Mô hình đưa “tối đa giá trị bên tham gia mật thiết” (stakeholders value maximization) với s lý thuyết ngược lại thời...

Ngày tải lên: 21/01/2014, 05:20

... e-management Đó trình độ quản trị đại kỷ 21 Corporate governance : Mới có từ khoảng 1985 đến Nó trình (process) hay thủ tục giám s t (supervision) kiểm soát (control) thực để bảo đảm cho việc thực ... cho điểm đặc thù corporate governance ’ khác nhau; tất có khuynh hướng quy tập tiêu chuẩn chung dựa nguyên tắc tổng quát sau:  S độc lập thành viên hội đồng quản trị việc giám s t hữu hiệu họ ... ích cổ đông (Parkinson 1994) Ở Mỹ người ta nghiên cứu quy chế thấy khuôn mẫu (model) corporate governance ’ nước không khác nhiều; khuôn mẫu chung mà phần lớn định theo cấu s hữu công ty Luật...

Ngày tải lên: 25/01/2014, 23:20

... transactions such as mergers, and sales of substantial portions of corporate assets, should be clearly articulated and disclosed so that investors understand their rights and recourse Transactions should ... markets, and extraordinary transactions such as mergers, and sales of substantial portions of corporate assets, should be clearly articulated and disclosed so that investors understand their rights ... unenforceable laws, and unintended consequences that may impede or distort business dynamics, policy measures should be designed with a view to their overall costs and benefits Such assessments should...

Ngày tải lên: 26/01/2014, 12:20

... emanagement Đó trình độ quản trị đại kỷ 21 3 Corporate governance : Mới có từ khoảng 1985 đến Nó trình (process) hay thủ tục giám s t (supervision) kiểm soát (control) thực để bảo đảm cho việc thực ... cho điểm đặc thù corporate governance ’ khác nhau; tất có khuynh hướng quy tập tiêu chuẩn chung dựa nguyên tắc tổng quát sau:  S độc lập thành viên hội đồng quản trị việc giám s t hữu hiệu họ ... ích cổ đông (Parkinson 1994) Ở Mỹ người ta nghiên cứu quy chế thấy khuôn mẫu (model) corporate governance ’ nước không khác nhiều; khuôn mẫu chung mà phần lớn định theo cấu s hữu công ty Luật...

Ngày tải lên: 26/01/2014, 16:20

... chứng khoán triển khai với qui mô lớn Eric de Keuleneer Solvay Business School The University of Brussels 21 Ave F.D Roosevelt, B-1050 Brussels, Belgium ... Việt Nam có khu vực s hữu nhà nước lớn có lẽ không nên quan tâm tới việc tư nhân hóa thật nhanh mà cần tránh lặp lại sai lầm Nga, nơi việc tư nhân hóa s m dẫn tới tài s n thuộc s hữu nhà nước bị ... “tối đa giá trị cổ đông” (shareholders value maximization) tìm kiếm thời gian Mô hình đưa “tối đa giá trị bên tham gia mật thiết” (stakeholders value maximization) với s lý thuyết ngược lại thời...

Ngày tải lên: 26/01/2014, 16:20

... elements Each country s regulatory and corporate law system will shape the specifics of its corporate governance Corporate governance systems in the United States have been shaped by sets of pressures ... including the company s disclosures under “Management s Discussion and Analysis of Financial Condition and Results of Operations” (MD&A); and discussing earnings press releases, as well as financial information ... performance Ensure consistent measurement and reporting • • Measures should use consistent definitions across locations or groups Reports should be formatted using consistent organizational dimensions (e.g.,...

Ngày tải lên: 26/01/2014, 16:20

... accounting disclosures Long-term investments: Research and development, capital expenditures Segment disclosures: Product segments, geographic segments Subsidiary disclosures Footnote disclosures Governance ... caused by the same omitted factors It is also plausible that economic performance stimulates development of extensive financial disclosure systems These limitations of cross-country designs are ... promising way to assess the effects of corporate disclosure on economic performance for several reasons First, there are considerable, quantifiable cross-country differences in corporate disclosure...

Ngày tải lên: 17/02/2014, 09:20

... lập rà soát vấn đề hay gút mắc kiểm toán Ngoài ra, Quốc hội Hoa Kỳ tiến hành bước nhằm tăng cường độc lập kiểm toán viên Phần 201(a) Đạo luật Sarbanes-Oxley năm 2000 thông qua gần đây, s a đổi ... 1934 ngăn cấm s công ty kiểm toán có đăng ký cung cấp lúc dịch vụ kiểm toán lẫn phi kiểm toán cho công ty phát hành mà hãng phục vụ Một s dịch vụ phi kiểm toán bao gồm: - Giữ s s ch kế toán ... phạm xung đột lợi ích; xung đột phát sinh định chế vừa muốn cung cấp thông tin khách quan cho công chúng đồng thời lại cung cấp s dịch vụ cho công ty họ xem xét sinh lợi lớn từ Trường hợp gây ác...

Ngày tải lên: 26/02/2014, 15:20

... Giám S t Việc Niêm Yết Trách Nhiệm Giải Trình doanh nghiệp trực thuộc NYSE kiến nghị việc s a đổi s điều luật liên quan đến quản trị công ty nhằm nâng cao tính trực minh bạch công ty NYSE Hội ... cáo có tính tư vấn, ông Higgs góp ý rằng, nên lấy phương thức hoạt động tốt làm tiêu chuẩn xem xét thay dựa vào qui định hay luật lệ Về phần mình, Singapore s a đổi s điều luật nhằm thiết lập ... giám đốc hoạt động s thông tin mà ban giám đốc cung cấp cho họ Và tất nhiên, ban giám đốc thiện chí thành viên HĐQT độc lập bị bất lợi hoàn thành chức giám s t họ cách hiệu Sau kiện Enron, tình...

Ngày tải lên: 26/02/2014, 15:20

... objectives discussed above in section III This section sets forth several principles that can assist supervisors in assessing bank corporate governance Supervisors should provide guidance to banks on ... of senior management and business line managers in identifying and assessing risks critically, rather than relying excessively on external risk assessments While external assessments such as external ... prescribed, subsidiary management, with subsidiary board oversight, is responsible for assessing and ensuring that those systems and processes are appropriate, given the nature of the operations...

Ngày tải lên: 06/03/2014, 09:20

... concepts related to CSR 2.3.1 Business Ethics Business ethics is expressed as the standards and principles are social as well as the business world recognizes, as the rules of behavior, the professional ... (including issues of social, environmental and economic) Businesses with annual CSR reports agree that business should look at CSR as one of two aspects for business solutions such as reducing risk and ... cost, quality and progress in business Social responsibility is integrated into business strategy and becomes a prerequisite for enterprises to survive and grow CSR refers to business relationships...

Ngày tải lên: 13/03/2014, 14:20

... past A decrease in the perceived value of keiretsu membership would likely cause the riskiness of bonds issued by keiretsu firms to rise relative to the riskiness of bonds issued by non-keiretsu ... agencies also lowered their ratings of Japanese corporate issuers—despite the fact that these agencies generally assign higher ratings to Japanese companies than Moody s, Standard and Poor s, and ... pattern of spreads for these firms and non-keiretsu firms (Table 3).13 As shown in the table, the mean spread for keiretsu firms was 59 basis points in October 1997, more than 10 basis points lower...

Ngày tải lên: 15/03/2014, 03:20

... Requirements for Lloyd s Insurance Business, http://www.fsa.gov.uk/pubs/cp/cp66.pdf (Aug 2000) (discussing the FSA s supervision of Lloyd s insurance business) The FSA now regulates various professionals, ... act reasonably in apportioning responsibilities may result in substantial civil sanctions and, in some cases, restitution orders to shareholders for any losses arising from these breaches of duty.151 ... creditors, customers, and the broader economy.15 The regulator essentially steps into the shoes of these various stakeholder groups to assert stakeholder interests whilst ensuring that the bank s governance...

Ngày tải lên: 15/03/2014, 10:20