The purpose of the corporation: Shareholder-value maximization? Finance Working Paper N°. 95/2005 Revised version: February 2006 Petra Joerg Institut für Finanzmanagement‚ Universität Bern Claudio Loderer Institut für Finanzmanagement‚ Universität Bern Lukas Roth The Pennsylvania State University Urs Waelchli Institut für Finanzmanagement‚ Universität Bern © Petra Joerg‚ Claudio Loderer‚ Lukas Roth and Urs Waelchli 2006. All rights reserved. Short sections of text‚ not to
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SOCIAL VALUES Social values are the customs‚ beliefs‚ tastes‚ social practices and norms‚ and attitude of a particular social community. Social value refers to the attitude or ’code of conduct’ that an individual in certain society has to conform to. Social values determine course of social life of a person and regulate his or her life to a great extent. It is one’s commitment to social values that one cannot get involved in anti-social and criminal or notorious activities. Social
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impact testhas been standardized by the British Standard Institution and the Indian Standard Institution.The aggregate impact value indicates a relative measure of the resistance of aggregate to a sudden shockor an impact‚ which in some aggregates differs from its resistance to a slow compressive load. The methodof test covers the procedure for determining the aggregate impact value of coarse aggregates. Apparatus The apparatus consists of an impact testing machine‚ a cylindrical measure tamping rod
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Introduction A personal and/or cultural value is an absolute or relative ethical value‚ the assumption of which can be the basis for ethical action. A value system is a set of consistent values and measures. A principle value is a foundation upon which other values and measures of integrity are based. Those values which are not physiologically determined and normally considered objective‚ such as a desire to avoid physical pain‚ seek pleasure‚ etc.‚ are considered subjective‚ vary across individuals
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Organizational Values Presentation (Benchmark Assessment) Describe how alignment between the values of an organization and the values of the nurse impact nurse engagement and patient outcomes. Discuss how an individual can use effective communication techniques to overcome workplace challenges‚ encourage collaboration across groups‚ and promote effective problem-solving. Identify a specific instance from your own professional experience in which the values of the organization and the values of the individual
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Aesthetic Value I have found it impossible (though not for want of trying) to find a way of avoiding commitment to a concept of aesthetic value. The general theory of value remains in an unsatisfactory state; and aesthetic value in particular presents various unsettled questions. But‚ as in the first edition‚ I find myself always driven back to the idea that in calling an artwork a good one -- or a good poem or good choreography -- we must be ascribing some form of (nonmoral) value to it‚ and that
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greenery and trees. But the question is why do I value it? Well‚ I value it because I subjectively like those things. Likewise‚ my friend values those things he views as being destroyed more than what is replacing them. This goes back to the old debate about intrinsic value. That is‚ do the things in our natural world inherently posses value in the absence of human beings? Quite simply‚ they do not. Those things in our natural world only have value in which the human mind attaches to them. This
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What is education? Is it just knowledge in basic skills‚ academics‚ and citizenship… or is it something else? In a broad sense‚ education is a lifelong process which includes all the experiences we have obtained from formal and informal agencies. Yet‚ the message of education today is manipulated by so-called “star tutors.” No longer is education stressed on developing students’ inner potentials‚ on benefiting the state‚ and creating an enlightened‚ just‚ democratic society. The aims of education
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Today‚ a university education is open to international students from around the world. Millions of students spend time and money in thousands of universities for different degrees. It means that education has value and is a highly regarded factor in many countries. However‚ every single one of us probably understands what exact meaning of education a little differently. We go to school to prepare for the time when we grow up and have to work for ourselves. We learn our own language‚ so that we will
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Net Present value is the difference between an investment’s market value and its cost. For an example‚ you invest 100 dollars (Cost) into a lemonade stand but you receive 50 dollars (Market Value) of cash inflow. Another would be you buy a house for 50‚000(Cost) But you sell it for 75‚000(Market Value). Your net present value An Investment should be accepted if the net present value is positive and it should be rejected if the net present value is negative. Net present value uses the discounted
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