THE JOURNAL OF FINANCE • VOL. LXIV‚ NO. 4 • AUGUST 2009 Agency Problems at Dual-Class Companies RONALD W. MASULIS‚ CONG WANG‚ and FEI XIE∗ ABSTRACT Using a sample of U.S. dual-class companies‚ we examine how divergence between insider voting and cash f low rights affects managerial extraction of private benefits of control. We find that as this divergence widens‚ corporate cash holdings are worth less to outside shareholders‚ CEOs receive higher compensation‚ managers make shareholder value-destroying
Premium Stock market
Section I. Introduction In this case study‚ “Miller’s Problem”‚ Miller enjoyed his job as a proficient pocket setter on the production line for 27 years. Unfortunately‚ Miller felt frustrated with his new job when his company wanted to improve productivity and was going to quit his job. This case study aims to look at issues with a solution to improve productivity in Miller’s company and tries to develop recommendations to solve the problems from an individual‚ supervisor‚ and organization
Premium Management Strategic management Balance sheet
BUSINESS: Travel Agency The group agreed on setting a Travel Agency business for the following reasons: 1. It is related to our course BS Tourism 2. We acquired knowledge in Travel Agency Management & Operations in the previous semester. INTERNAL FACTORS AFFECTING DECISION MAKING A. THE CURRENT MARKET Setting up as a travel agent shouldn’t be confused with being a tour operator. The difference is that the former sells the holidays while the latter organizes them. It’s possible to
Premium Marketing Management Tourism
role of multi-agency working to reduce the risk of abuse of adults‚ with reference to legal frameworks‚ regulation‚ working strategies and procedures. The multi-agency policy & procedures was for prevention of abuse of vulnerable adults in the need of safeguarding. The multi-agency police apply to all vulnerable adults in need of safeguarding and all agencies will have contact with vulnerable adult in need of safeguarding. A multi-agency working is different models of multi-agency working together
Premium Sociology Management Abuse
DISCUSS THE CAUSES AND COSTS ASSOCIATED WITH PRINCIPAL AGENCY PROBLEM (10) Principal agency problem refers to a conflict arising when people appointed (agents) and entrusted to look after the interests of others (principals) use the authority‚ power or resources for their own benefit instead. It is a pervasive problem and exists in practically every organisation whether a business‚ church‚ club or government. Organisations try to solve it by instituting measures such as tough screening processes
Premium Conflict Political corruption Fiduciary
Table of Contents 1.0 Company Background 2 2.0 Problem at Magic Hand Car Wash 3 3.0 Causes for the problem of High turn over 5 3.1 Unplanned Recruitment and Selection 5 3.2 Low Employee Remuneration 6 4.0 Solution 7 4.1 Conduct strategic recruitment process 7 4.2 Pay for performance and provide benefits 8 5.0 Implementation 10 5.1 Implementation of systematic recruiting 10 1.0 Company Background Magic Hand Car
Premium Employment Recruitment Human resource management
of Kotter and Schlesinger.[1]The model prevents‚ minimizes or descreases resistance to change in organizations. According to Kotter and Schlesinger (1979)‚ there are four reasons that why people resist change‚ three of which are applicable to this case: The Parochial self-interest occurs when people are concerned with the impact of the change on themselves and how it may affect their own interests‚ rather than considering the effects for the success of the business. The union suggests this of
Premium Change management
Part One City Explorer is an advertising agency and a publisher for a free magazine named “City Explorer”. The management of City Explorer had divided into different department‚ which are admin department‚ design department‚ sales department‚ distribution department and the apps division department (Joanne‚ 2017). It can be seen that‚ it’s an agency which have appropriate arrangement. City Explorer is the advertising agency that are very famous in Negeri Sembilan‚ Malacca‚ and certain part of Klang
Premium Demographics Advertising Negeri Sembilan
Problems at Perrier Nancy Wilcox Strayer University HRM 560 Professor Vanessa Graham February 17‚ 2013 Problems at Perrie This process of digitization accelerated the trend toward larger-scale commoditization‚ as goods that had once been considered luxuries became so cheap to make that they became available at mass market prices by leveraging digitized design‚ manufacturing‚ and distribution systems. This new computer-driven world of manufacturing and distribution became essential
Premium Management Change management
Leadership and Agency by Women Engineers in South Africa by Professor Hannelie Nel Acknowledgements I sincerely acknowledge the courageous and insightful contributions provided by the participating women engineers and technologists in this book. Without them‚ this work would have remained a dream. Riekie Swanepoel‚ Chief Engineering Technologist at Eskom Danai Magugumela‚ Managing Director of Bosch Stemele Wiebke Toussaint‚ Business Analyst at Spree Phiwe Khatshing‚ Core Shop
Premium Engineering