and Society Review 110:1 59– 76 Applying the Agency and Stakeholder Theories to the Enron Debacle: An Ethical Perspective Blackwell Oxford‚ Business BASR © 0045-3609 O 1 110 BUSINESS CULPAN riginal 2004 Center UK Article and and Publishing‚ and TRUSSEL Society for SOCIETY Business Ltd. Review REVIEW Ethics at Bentley College REFIK CULPAN AND JOHN TRUSSEL INTRODUCTION W e examine the infamous Enron debacle from an ethical perspective by defining its theoretical underpinnings and analyzing the unethical
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Derivatives Debacles Case Studies of Large Losses in Derivatives Markets Anatoli Kuprianov To avoid all mistakes in the conduct of great enterprises is beyond man’s powers. Plutarch‚ Lives: Fabius. ecent years have witnessed numerous accounts of derivatives-related losses on the part of established and reputable firms. These episodes have precipitated concern‚ and even alarm‚ over the recent rapid growth of derivatives markets and the dangers posed by the widespread use of such instruments
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3.1 Hedging strategy in the literature: conventional understanding as risk minimization Introduced in the introduction in this chapter‚ I will first review existing literature on international relations theorists in narrating hedging strategy. Linking dictionary definition on the word hedge‚ hedging strategy means to prevent any loss in state’s pursuit of national interests from making strategic adversary in an uncertain international system by presenting overtly the strategic indeterminacy. Hedging
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Executive Summary Lufthansa CEO Herr Ruhnau was under-fired for his hedging decision on the purchase of 20 Boeing aircrafts which cost Lufthansa an additional DM 225M back in Jan. 1985. Some criticisms are valid to a certain degree given the strict covenants and guidelines Ruhnau had to work against however others are base-less such as forcing Ruhnau to step down as CEO. This case analysis will discuss the hedging alternatives Ruhnau considered‚ the decision that was made‚ an analysis of the criticisms
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that cannot be got rid of by diversifying. Portfolio theory allows you to diversify risk. Systemic risk is a threat to all instruments‚ strategies and asset classes. It is not possible to avoid systemic risk through diversification. What is Hedging?Hedging is used to reduce any major losses/gains suffered by an individual or a company. While you cannot hedge out systemic risk entirely‚ there is something extremely important that one can do to cover themselves as best as possible. When a person chooses
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payment. John Gunn indicated that there would be no difficulty for Southeastern to arrange the pound loan for Dozier through its correspondent bank in London. He believed that such a loan would be at 1.5% above the U.K. prime rate. Dozier Hedging Alternatives Forward Market Hedge: Dozier would purchase U.S. dollars under a forward contract. The contract would obligate Dozier to pay £1‚057‚500 in exchange for £1‚057‚500 x 1.4198 $/£ = $1‚501‚438.50 assuming the transaction was at the
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Fuel Hedging in the Airline Industry: The Case of Southwest Airlines By Dave Carter a‚ Dan Rogers b‚ and Betty Simkins c a College of Business Administration‚ Oklahoma State University‚ Stillwater‚ OK 74078-4011‚ Phone: (405) 744-5104‚ Email: dcarter@okstate.edu b School of Business Administration‚ Portland State University‚ Portland‚ OR 97207-0751‚ Phone: (503) 725-3790‚ Email: danr@sba.pdx.edu c CONTACT AUTHOR: College of Business Administration‚ Oklahoma State University‚ Stillwater
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Case Study Analysis: State Department of Health Organizational Debacle V-504: Organizational Behavior in the Public Sector July 18‚ 2014 Introduction This case study titled‚ “ State Department of Health Organizational Debacle” shows the major problems associated in organizational management behavior between Dr. Oputa and Dr. Ajiri. The case study clearly states both leadership styles‚ and the inconsistency of director has created a downfall with employees within the State Department of
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Jamie Pineda Joseph Ragsdale Arianna Rodriguez Lisa Rodriguez Marion Wolak McDonald’s Case Study Strengths Largest Food service business in the world‚ 34‚000 local restaurants serving nearly 69 million people in 118 countries‚ a $40 Billion dollar brand worldwide‚ Universally recognized brand name with a large advertising budget Partners with other high value brands Dannon Yogurt‚ Kraft Cheese‚ Nestle Chocolate‚ Dasani Water‚ Newman’s Own Salad Dressings‚ Heinz Ketchup‚ Minute Maid Juice The majority
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Southwest Airlines Fuel Hedging and Relations to Profitability Abstract In order to stay airborne‚ a passenger airline has to consistently generate profits. Profits come only from paying passengers‚ hence all stratagems must be customer oriented. In a scenario where there are many airlines competing with each other‚ one way of attracting passengers is to keep the cost of flying low‚ while providing value for money. On the other hand‚ expenses must tightly controlled to reach and stay at the
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