Corporate governance has been identified by the Chinese government
as the core element of the “modern enterprise system.” The policy focus on corporate governance reflects the significant progress that China has made in building market institutions and the importance it attaches to changing corporate behavior.
The concept of governance is not a new one but nowadays we hear words as corporate governance, organizational governance or good governance frequently. Actually corporate governance or, as defined in ISO FDIS 26000, organizational governance is the system by which an organization makes and implements decisions in pursuit of its objectives. Simply put “governance” means: the process of decision-making and the process by which decisions are implemented (or not implemented).
We investigate the effect of a corporate culture of sustainability on multiple facets of corporate behavior
and performance outcomes. Using a matched sample of 180 companies, we find that corporations that
voluntarily adopted environmental and social policies many years ago – termed as High Sustainability
companies – exhibit fundamentally different characteristics from a matched sample of firms that adopted
almost none of these policies – termed as Low Sustainability companies.
This monograph emerged from our efforts to study the behavior of the
households from the Townsend Thai Monthly Survey. This experience
convinced us that imposing an accounting framework and creating
financial statements would be a useful, indeed a necessary, first step
for the analysis of household finance, especially from high-frequency,
Chapter 1 - Organizational behavior: The questfor people-centered organizationsand ethical conduct. The learning objectives for this chapter include: Define the term organizational behavior, and contrast McGregor’s Theory X and Theory Y assumptions about employees; contrast human and social capital and describe three ways you can develop each; explain the impact of the positive psychology movement on the field of organizational behavior (OB); define the term e-business, and explain its implications for organizational behavior and managing people
This book moves to the next stage, to focus on the people-the knowledge workers themselves. Noted expert Karl Wiig synthesizes recent research findings in cognitive science and related fields to describe how people actually work. He focuses on how people learn, remember, make decisions, solve problems and act-in general, how knowledge relates to work behavior. By understanding how people work, managers can improve effectiveness to gain competitive advantage.
In the past three decades, due to significant liberalization and privatization the entire telecommunications industry has become a dynamic service industry subject to increasing competition with huge growth potential. (Graack, 1996). In recent years, in some Asian countries the number of mobile subscribers even passed the number of fixed-line subscribers (Fink, Matto, & Rathindran, 2003). Hence, the strategic behavior of telecommunications companies has attracted so much attention in recent years, both in the academic literature and in the popular press.
After years of working with entrepreneurs, investors, corporations, and institutions, I realized that most people have one or more habits that prevent them from being wealthy. For each habit I have created and tested a counter-habit, hoping that this can help individuals live happier. This is a manifesto for individual people, written to address one person at a time. Why do I call them habits? Habits are transparent
There have also been significant changes to existing veterinary business models, with a
marked decrease in the number of small private, independent practices and a drive toward
partnerships, groups and large corporate structures with shared resources and strengthened
buying powers. As a result of the latter, new management career opportunities have opened
up within the corporate sector for appropriately trained and entrepreneurially motivated
veterinarians to run individual clinics or sites as semi-independent business units. ...
All of this highlights the desirability of a framework that will identify priorities for
improved environmental accounting. This paper derives such a framework by exploring the
determinants of the value of information in a corporate decision-making context. The paper
proceeds as follows. The next section defines environmental accounting and the meaning of
"improved" information, and discusses the costs associated with those improvements. Section 3
describes the economic value of information in general terms.
Inside The Minds
The consumer is empowered and skeptical, holding the brand responsible for corporate behavior as never before. A concept used to describe effective communication in the past was the “pyramid of influence.” In this old model, opinion leaders received top priority, and information “trickled down” to the consumer. This model relied on elite media delivering messages in editorial form to those at the top of the pyramid. Advertising was then used to inform the mass audience and stimulate purchase.
Amsterdam Corporation produces medical grade isotopes. The isotopes are produced in a single continuous process and Amsterdam uses the weighted-average process costing method of accounting for production.
The production process requires constant utilization of facilities and equipment, as well as direct labor by skilled technicians. As a result, direct labor and factory overhead are both deemed to be introduced uniformly throughout production.
The core of this chapter is a discussion of EITC-related behavioral issues
and research. Section 3.3 provides EITC program statistics. As would be
expected with a program that has more than tripled in size (in real dollars)
in the 1990s, a considerable amount of attention has been paid to the EITC
in recent years. In section 3.4, we outline the conceptual underpinnings of
much of this recent work and discuss EITC participation and compliance,
its eﬀects on labor force participation and hours of work, marriage and fer-
tility, skill formation, and consumption.
Businesses’ investment in equipment and software should continue to grow at a
healthy pace in the coming year, driven by rising demand for products and services, the
continuing need to replace or update existing equipment, strong corporate balance sheets,
and the low cost of financing, at least for those firms with access to public capital
markets. Rising sales and increased business confidence should also lead firms to expand
payrolls. However, investment in structures will likely remain weak.
The Federal Reserve plays a vital role in both the nation’s retail and
wholesale payments systems, providing a variety of f inancial services to
depository institutions. Retail payments are generally for relatively small-
dollar amounts and often involve a depository institution’s retail clients—
individuals and smaller businesses. The Reserve Banks’ retail services
include distributing currency and coin, collecting checks, and electroni-
cally transferring funds through the automated clearinghouse system.
During 2001 96% of corporate organisers made use of the Internet for communication with
delegates, 72% used teleconferencing, and 62% used video conferencing, figures that have
increased dramatically in the last few years. However, far from reducing the need for meetings,
the proliferation of text, e mail and internet messaging has increased the value and importance
of face-to-face communication. “Making messages memorable” has become the greatest
business challenge of the 21st
Four major changes have taken place following these scandals. First, the
nature of the audit industry has changed. Three of the Big 4 audit firms have
either divested or publicly announced plans to divest their consulting businesses.
2 Second, Arthur Andersen, formerly one of the Big 5 audit firms, has
gone out of business. Third, in July 2002, President George W. Bush signed
the Sarbanes-Oxley Bill (also known as the Corporate Oversight Bill) into
law. This law imposes a number of corporate governance rules on all public
companies with stock traded in the United States.
Conducted by PricewaterhouseCoopers LLP (“PwC”) on an ongoing basis, with results
released quarterly, the “IAB Internet Advertising Revenue Report” was initiated by the
Interactive Advertising Bureau (IAB) in 1996. This report utilizes data and information
reported directly to PwC, publicly available online corporate data and information
provided by online ad selling companies.
Chapter 9 - Ethics, corporate social responsibility, environmental sustainability, and strategy. After studying this chapter, you should be able to: Understand how the standards of ethical behavior in business relate to the ethical standards and norms of the larger society and culture in which a company operates, recognize conditions that can give rise to unethical business strategies and behavior, gain an understanding of the costs of business ethics failures.
The rationale for using oil price movements as a factor affecting stock valuations is that, in
theory, the value of stock equals the discounted sum of expected future cash flows. These
cash flows are affected by macroeconomic events that can be influenced by oil shocks.
Indeed, oil exports affect the main economic variables in GCC countries: earnings,
government budget revenues and expenditures and aggregate demand. So oil price increases
should positively affect corporate output and earnings, and then stock returns in these