The current issue and full text archive of this journal is available at www.emeraldinsight.com/0268-6902.htm MAJ 23‚4 The impact of government and foreign affiliate influence on corporate social reporting The case of Malaysia Azlan Amran School of Management‚ University Science Malaysia‚ Penang‚ Malaysia‚ and 386 S. Susela Devi Faculty of Business and Accountancy‚ University of Malaya‚ Kuala Lumpur‚ Malaysia Abstract Purpose – This paper seeks to investigate the influence of government
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Abstract The government has always been implementing their policies carefully to manage different economic issues in Singapore. The issues we are looking at are inflation‚ labour policies‚ currency and competitiveness. One policy affects another and it is challenging to balance all the various issues using policies which‚ may conflict the others‚ one way or another. Using the AD/AS diagram‚ we look at how demand and supply affects inflation. We would also look at the foreign labour policy
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Prices & Markets Lecture 1: Demand & Supply © Martin Byford 2012 Definition: Economics /iːkəәˈnɒmɪks‚ ɛk-/ noun The social science that analyses the production‚ distribution and consumption of goods and services given unlimited wants and scarce resources. ORIGIN late 16th cent. (denoting the science of household management): from ta oikonomika‚ the name of a treatise by Aristotle (or his student Theophrastus). Definition: Microeconomics /ˌmʌɪkrəәʊ-/ noun That part of economics concerned
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Introduction to Economics AP and IB Economics Unit 1 Definitions of social science and economics Definitions of microeconomics and macroeconomics Definitions of growth‚ development and sustainable development Positive and normative concepts Ceteris paribus Scarcity • factors of production: land‚ labor‚ capital and management/entrepreneurship • payments to factors of production: rent‚ wages‚ interest‚ profit Choice Utility: basic definition Opportunity cost • Free and economic goods • Production
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especially during periods of economic growth or with more complex properties. Using a two-stage selection correction model‚ we find that office properties which provide list price information are‚ on average‚ associated with lower price outcomes (ceteris paribus) and that these outcomes vary by price cohort and economic condition. It is important to note‚ however‚ that while these findings identify a correlation‚ they do not necessarily imply causation. Our results support the notion that asymmetric information
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Explain what is meant by the term ‘Aggregate Demand’? (6) The term ‘Aggregate Demand’ (AD) means the total amount of planned spending on goods and services at any price level in an economy. AD is made up of the following components: - C + I + G + (X - M) Therefore‚ it is the total of Consumption (C)‚ Investment (I)‚ Government spending (G) and the difference between Exports (E) and Imports (M). Consumption is spending by households on goods and services and it is the main component of
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run. The Production Function and the Law of Diminishing Marginal Returns The production function refers to the physical relationship between the inputs or resources of a firm and their output of goods and services at a given period of time‚ ceteris paribus. The production function is dependent on different time frames. Firms can produce for a brief or lengthy period of time. Law of Diminishing Marginal Returns All other things remaining constant‚ if only one input is increased a point will
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a resource as long as its marginal revenue exceeds its marginal cost. Resource Supply Two identical jobs example. Different jobs with identical pay example. Resource owners will supply their resources to the highest-paying alternative‚ ceteris paribus. The Roles our Actors Play In the market for goods and services‚ or the product market‚ householders are the demanders and firms are the suppliers. In the resource market‚ the opposite occurs: householders and are the suppliers of the resources
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scarcity. 3. Explain how marginal costs and marginal benefits influence incentives and choice. 4. Define and explain the difference between efficiency and equity. 5. What is the difference between positive and normative economics? 6. What is ceteris paribus? 7. Explain the concept of opportunity cost. What is the Law of Increasing Opportunity Costs? 8. Define the economizing problem‚ incorporating the relationship between limited resources and unlimited wants. 9. Construct a production possibilities
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The IS ( investment and savings) schedule is a locus of points giving all the combinations of interest rate and income at which the goods market is in equilibrium‚ ceteris paribus. The IS curve is downward sloping because as interest rates fall‚ investment increases‚ thus increasing output. The steepness of the slope depends upon the sensitivity of investment to interest rate changes. The more interest sensitive the investment‚ the more interest sensitive the IS curve‚ i.e. the flatter the IS curve
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