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Corporate Finance and Governance in Stakeholder Society

Author: Shinichi Hirota

Publisher: Routledge

Published: 2015-02-11

Total Pages: 280

ISBN-13: 1317558464

This book develops a new framework - the stakeholder model - that helps to understand corporate finance and governance in modern society, where the sources of people’s happiness have shifted from monetary to non-monetary factors. The book takes a more comprehensive approach than is typically found in the standard economics and finance literature, by explicitly incorporating both the monetary and non-monetary interests of stakeholders and by examining the value creation of corporations from a much broader perspective. Specifically, the book addresses contemporary issues concerning corporate finance and governance worldwide, including: How should we define corporate value in stakeholder society? What is the role of modern corporations? What are the principles underlying corporate financing decisions? To what extent should shareholder rights be enhanced? What determines the effectiveness of a company’s board of directors? What missions do firms set out and what is the role of mission statements? How can we understand the diversity of financial and governance systems among different countries? What legal and institutional reforms enhance or diminish corporate value in stakeholder society? The book will answer these questions theoretically and empirically.

The Stakeholder Society

Author: Bruce Ackerman

Publisher: Yale University Press

Published: 2008-10-01

Total Pages: 314

ISBN-13: 0300147678

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A quarter century of trickle-down economics has failed. Economic inequality in the United States has dramatically increased. Many, alas, seem resigned to this growing chasm between rich and poor. But what would happen, ask Bruce Ackerman and Anne Alstott, if America were to make good on its promise of equal opportunity by granting every qualifying young adult a citizen's stake of eighty thousand dollars? Ackerman and Alstott argue that every American citizen has the right to share in the wealth accumulated by preceding generations. The distribution of wealth is currently so skewed that the stakeholding fund could be financed by an annual tax of two percent on the property owned by the richest forty percent of Americans. Ackerman and Alstott analyze their initiative from moral, political, economic, legal, and human perspectives. By summoning the political will to initiate stakeholding, they argue, we can achieve a society that is more democratic, productive, and free. Their simple but realistic plan would enhance each young adult's real ability to shape his or her own future. It is, in short, an idea that should be taken seriously by anyone concerned with citizenship, welfare dependency, or social justice in America today.

The Theory of Corporate Finance

Author: Jean Tirole

Publisher: Princeton University Press

Published: 2010-08-26

Total Pages: 657

ISBN-13: 1400830222

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"Magnificent."—The Economist From the Nobel Prize–winning economist, a groundbreaking and comprehensive account of corporate finance Recent decades have seen great theoretical and empirical advances in the field of corporate finance. Whereas once the subject addressed mainly the financing of corporations—equity, debt, and valuation—today it also embraces crucial issues of governance, liquidity, risk management, relationships between banks and corporations, and the macroeconomic impact of corporations. However, this progress has left in its wake a jumbled array of concepts and models that students are often hard put to make sense of. Here, one of the world's leading economists offers a lucid, unified, and comprehensive introduction to modern corporate finance theory. Jean Tirole builds his landmark book around a single model, using an incentive or contract theory approach. Filling a major gap in the field, The Theory of Corporate Finance is an indispensable resource for graduate and advanced undergraduate students as well as researchers of corporate finance, industrial organization, political economy, development, and macroeconomics. Tirole conveys the organizing principles that structure the analysis of today's key management and public policy issues, such as the reform of corporate governance and auditing; the role of private equity, financial markets, and takeovers; the efficient determination of leverage, dividends, liquidity, and risk management; and the design of managerial incentive packages. He weaves empirical studies into the book's theoretical analysis. And he places the corporation in its broader environment, both microeconomic and macroeconomic, and examines the two-way interaction between the corporate environment and institutions. Setting a new milestone in the field, The Theory of Corporate Finance will be the authoritative text for years to come.

Corporate Responsibility

Author: Ronny Manos

Publisher: Springer

Published: 2016-02-02

Total Pages: 275

ISBN-13: 113745072X

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The decision to engage in corporate social action (CSA), and the debates regarding its costs, benefits and implications to corporate performance represent a demanding issue for scholars and managers. Research is inconclusive regarding the causal relations between CSA, corporate social performance (CSP) and corporate financial performance (CFP), despite numerous empirical and theoretical studies devoted to the issue. This book presents an in-depth study of corporate social action and the factors influencing a decision to engage in it. Going beyond the causal relationship between CSA and firm performance, the book stresses the link between CSA and a firm's core managerial policies and practices, reflecting the complexity and varied facets of CSA and the numerous internal and external factors that influence its outcomes. The book draws on the experiences of various industrial sectors to reveal the importance of a range of issues such as top management pay dispersion and ownership structure, which may influence the firm's decision to engage in CSA. It also explores some of the external influences on firms, such as institutional norms, the geopolitical environment and the industrial sector. The first part of the book provides an overview of the thematic issues of CSA and performance. The second part presents a series of empirical studies that examine factors and determinants of CSA. The third part presents case studies to illustrate the processes and outcomes of CSA policy and strategy in environmentally hazardous industries.

Corporate Finance and Governance

Author: Source Wikipedia

Publisher: University-Press.org

Published: 2013-09

Total Pages: 254

ISBN-13: 9781230648576

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 253. Chapters: Corporate finance, Corporate governance, Sarbanes-Oxley Act, Discounted cash flow, Internal rate of return, Hierarchical organization, Corporate title, Board of directors, Initial public offering, Takeover, Chief financial officer, Chief executive officer, Mergers and acquisitions, Warrant, Private equity, Income trust, Regulation S-K, Conditional budgeting, Examinership, Stock, Convertible bond, Real options valuation, Organizational structure, The Modern Corporation and Private Property, Chief operating officer, Commercial mortgage, Preferred stock, Special-purpose acquisition company, Directors' duties, ASIC v Rich, Gross income, Frank E. Sheeder III, Value investing, Demutualization, Employee stock option, Integrated reporting, Financial modeling, UK Corporate Governance Code, Audit committee, Interlocking directorate, Chief audit executive, Performance-based budgeting, Financial accelerator, Stakeholder, Commercial paper, Capital budgeting, Givewell, Management buyout, Value Measuring Methodology, Fraudulent conveyance, Institute of Corporate Directors, Capital structure, Spin out, Administration, Shareholder value, Bridge loan, Corporate security, Headquarters, InfoSTEP, Sinking fund, Mezzanine capital, National Association of Corporate Directors, Investor relations, Mini-tender offer, Special purpose entity, Stakeholder theory, Treasury stock, Business Development Asia, Valuation using multiples, Gross margin, Command center, Chartered Secretaries Australia, Tulane Corporate Law Institute, Shareholder oppression, Asset-based lending, Chief web officer, Securities offering, Chief process officer, Rights issue, Book building, Third Frontier, One-dollar salary, Second lien loan, Trade in services statistics, Greenshoe, Clawbacks in economic development, Stock split, Master limited partnership, Fairness...

Corporate Social Responsibility and Corporate Finance in Japan

Author: Megumi Suto

Publisher: Springer

Published: 2018-05-24

Total Pages: 229

ISBN-13: 9811089868

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This book explores the linkages between the evolution of corporate social responsibility (CSR) and corporate financing and governance in Japan since the late 2000s. Since the 1990s, increasing economic and financial globalization has steadily eroded the Japanese style of business based on relationships and influenced the awareness and practices of CSR that are unique to Japanese companies. In Japan’s two “lost decades” after the bubble economy, the business model and corporate financing seem to have continued a gradual financial reform toward a more market-oriented system. CSR awareness and practices of Japanese companies have been influenced by social and environmental issues that global society and communities face. Furthermore, the Fukushima nuclear accident in 2011 triggered increasing attention paid to the responsibility of business toward society. In this process, major players in corporate governance and components of governance structure have continued to change. The conventional view of Japanese corporate governance and corporate finance is too narrow to understand this field in Japan. This book is based on empirical research to investigate how multifaceted CSR has aligned with business and finance and has influenced the corporate governance structure of Japanese companies. The findings and discussions in this book act are stepping stones in further research on the linkages between business and society, and provide empirical evidence on changes in Japanese corporate finance and governance.

Business for Society

Author: Lucia Michela Daniele

Publisher: Routledge

Published: 2019-10-08

Total Pages: 256

ISBN-13: 1000712109

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This book is about promoting corporate responsibility in its original meaning: businesses should have a positive impact on society, and society should not only be a lever of making a profit. When we treat social responsibility as an external function of the core business, we are exposed to the worst. Business for Society seeks to redress the balance and promotes the original idea of corporate responsibility. This first book in the series of the same name sets the scene and presents the key theories across the various management disciplines to answer the following questions: ‘How, why and under what conditions can business act for society?’ The book narrows and discusses examples of businesses which are making impressive strides in delivering positive impacts for society as well as their bottom lines; but as the concept of corporate responsibility has become more mainstream in recent years, many organisations have adopted the term and reduced it to a marketing message. Areas covered include a historical perspective on the hijacking of business responsibility towards society, management knowledge and value, the Business for Society project against hijacking, accounting for society, finance for society and governance for society and democracy. The book will be of interest for scholars and students in the fields of corporate social responsibility, business ethics and governance.

Financial Management and Corporate Governance from the Feminist Ethics of Care Perspective

Author: Desi Adhariani

Publisher: Springer

Published: 2017-01-06

Total Pages: 324

ISBN-13: 3319335189

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This book investigates how businesses can adapt their executive and fiscal practices to adopt an ethical, equal-opportunity approach. The authors demonstrate how corporations can create sustainable work environments that embrace feminist care ethics and ground their research in a strong theoretical discussion of this relatively new framework. The discussion has a multidisciplinary outlook and explores how the concept of care ethics might be successfully applied to various professional contexts. Later chapters present findings from an empirical case study conducted in Australia and use both qualitative and quantitative methods to analyse the potential power of a feminist care of ethics approach within commercial and corporate management.

Business and Society

Author: Anne T. Lawrence

Publisher: McGraw-Hill College

Published: 2004-04-01

Total Pages: 535

ISBN-13: 9780072986211

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Business and Society: Stakeholder Relations, Ethics and Public Policy by Lawrence/Weber/Post, has continued through several successive author teams to be the market-leader in its field. For over thirty years, Business and Society has been updated and reinvented in response to societyâ€™s relationship to business. Business and Society, 11e highlights why government regulation is sometimes required as well as new models of business-community collaboration. Business and Society, 11e is a book with a point of view. Lawrence, Weber and Post believe that businesses have social (as well as economic) responsibilities to society; that business and government both have important roles to play in the modern economy; and that ethics and integrity are essential to personal fulfillment and to business success. The book is designed to be easily modularized; an instructor who wishes to focus on a particular portion of the material may select individual chapters or cases to be packaged in a Primis custom product.

Corporate Governance

Author: Jean Tirole

Publisher:

Published: 1999

Total Pages: 58

ISBN-13:

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