improving financial performance‚ for example‚ how the corporate owners can secure/motivate that the corporate managers will deliver a competitive rate of return. (Mathiesen‚ 2002). Another definition is "Corporate Governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The corporate governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The
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Pacific-Basin Finance Journal 9 Ž2001. 1–27 www.elsevier.comrlocatereconbase The market effects of CEO turnover in Australian firms Jo-Ann Suchard a‚) ‚ Manohar Singh b‚ Robert Barr c a School of Banking and Finance‚ UniÕersity of New South Wales‚ New South Wales 2052‚ Australia b Long Island UniÕersity‚ New York‚ USA c Commonwealth Bank of Australia‚ Australia Abstract We examine the relationship between the monitoring of CEOs by inside and outside directors and CEO turnover in the Australian
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Why do firms become multinational enterprises? There are multiple ways to define what is meant by the term “multinational enterprise” (MNE)‚ most of which can be reduced to a short list of criteria summarised effectively by Franklin Root (1994). He defined an MNE as a parent company that i) engages in foreign production through its affiliates located in more than one country; ii) exercises direct control over the policies of its affiliates; and iii) implements transnational business strategies in
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Tiger Airways Singapore Pte Ltd‚ operating as Tiger Airways Singapore‚ is a low-cost airline headquartered in Singapore. It operates services to regional destinations in Southeast Asia‚ Australia‚ China and India from its main base at Singapore Changi Airport. Tiger Airways is wholly owned by Tiger Airways Holdings Limited‚ a holding company set up in 2007 to manage both Tiger Airways and start-up Australian subsidiary Tiger Airways Australia. Tiger Airways’ original founding shareholders were Singapore
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The relationship between the UK and India is very healthy and sustainable. In 2011 India was the UK’s largest non-EU market (UKTI‚ 2012a). Especially‚ figures from December 2011‚ Indian Pharmaceutical Industry has grown at 15.7% (UKTI‚ 2012b). However‚ before dreaming of any benefit‚ the firm must consider carefully every aspect of India for a fruitful future and with a right mindset and an adequate diligence then the company could be highly prosperous on its solid position in India. Cross-cultural
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Next Generation of S&OP: Scenario Planning with Predictive Analytics & Digital Modeling By Gregory L. Schlegel and Peter Murray E X E C U T I V E S U M M A R Y | Although the Sales & Operations Planning process presently lies at the center of our business‚ businesses have yet to take full advantage of it. This article describes what is missing in our process; in particular‚ how to deal with uncertainty‚ complexity‚ and risk using scenario planning through probabilistic planning‚ predictive
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1. INTRODUCTION Innovation is essential to the success of a firm in today’s business environment. "Innovation is the lifeblood of the modern economy" (Bridgman‚ 2001‚ p.1). Firms must continue to become more and more adaptive and responsive to today’s ever changing business environment if they are going to succeed. The purpose of this report is to "explain how an entrepreneur can build an adaptive firm that balances entrepreneurial characteristics with managerial style." By researching a number
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Empirical Evidence on Retail Firms’ Equity Valuation Models Anastasia Vardavaki 13 Epidavrou str.‚ Halandri‚ 152 33 Athens‚ Greece E-mail: anastasia_vardavaki@yahoo.gr John Mylonakis 10 Nikiforou str.‚ Glyfada‚ 166 75 Athens‚ Greece E-mail: imylonakis@panafonet.r Abstract This paper presents the theoretical framework for the process of equity valuation and investigates the relative explanatory power of alternative linear equity valuation models when applied to firms in the UK food and drug retail
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Changes in the macro environment affect individual firms and industries through the microeconomic factors of demand‚ production‚ cost‚ and profitability. Drawing on current business publications‚ find some updated facts for each case that support this theme. Drawing on current business publications and the two cases in this chapter it is prevalent that several changes in the macro environment have had an effect on the profitability of individual firms and industries. The text states that (Farnham‚ 2010
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International Business: The New Realities‚ Global Edition‚ 3e (Cavusgil) Chapter 12 Strategy and Organization in the International Firm 1) Firms that want to become globally competitive must seek simultaneously three strategic objectives—efficiency‚ flexibility‚ and learning. Answer: TRUE Difficulty: Easy Skill: Concept Objective: 12-1 AACSB: Dynamics of the global economy 2) Efficiency refers to emphasizing consensus-based decision making and problem solving‚ in which managers readily share
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