Industrials / China 16 December 2013 Initiation: ready to move up in the world China Logistics Sector • We see the development of China’s logistics industry in the next decade following the path established by the US‚ Japan and Korea • Given a growing need for cost savings‚ emerging 3PL services and a demand boost from e-commerce should be major sector drivers • Positive rating; top pick Sinotrans; also recommend SZI‚ CIMC See important disclosures‚ including any required research
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of Travel Agencies. Travel Agency is one of the service intensive industries and indispensible among the tourism business. But what is the specific role of travel agency in the hospitality industry and how does it affect the whole industry. Travel Agency is defined as a retail business selling travel-related products and services to customers on behalf of suppliers such as airlines‚ car rentals‚ cruise lines‚ hotels‚ sight-seeing tours and package holidays. When we say Travel Agency they are the
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There are two types of employment agencies‚ recruiting and staffing. These can both be good tools to use in your job search. A recruiting service matches your skills with a permanent full time position. They are also called headhunters or executive search firms. Basically what they do is look for qualified candidates for different employers. Most of the time the employer pays the fee to the recruiting service and the recruiting service recommends you for the job if you are qualified. I guess this
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What are the various functions of a police agency? Compare and contrast how these functions differ at the federal‚ state‚ and local levels. What would happen if the various functions and roles of policing agencies were limited among communities? What is custodial interrogation? What is the relationship between custodial interrogation and the overall criminal justice system? How can we improve this relationship? There are many functions to a police agency. Some of the common functions are preventing
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What is structure and agency? How does this framework help us in political analysis? For it is part and parcel of daily experience to feel both free and enchained‚ capable of shaping our own future and yet confronted by towering‚ seemingly impersonal constraints. Consequently in facing up to the problem of structure and agency social theorists are not just addressing crucial technical problems in the study of society‚ they are also confronting the most pressing social problem of the human condition
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Module Title: Finance Principles Module Code: 5AC002 Module Leader: William Coffie Student Name and Number: Qianhui MA(1223583) Date of Submission: 14th Jan 2013 Words: 1441 Agency Theory and Corporate Governance Introduction In 26th February 1995‚ the Barings Bank‚ one of the oldest banks of the United Kingdom was declared bankrupt. Nick Leeson‚ the trader of the bank in Singapore had lost $1.4 billion on derivatives trading while the bank reported capital was only about
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Agency theory relative to corporate governance assumes a two-tier form of firm control: managers and owners. Agency theory holds that there will be some friction and mistrust between these two groups. The basic structure of the corporation‚ therefore‚ is the web of contractual relations among different interest groups with a stake in the company. In general‚ there are three sets of interest groups within the firm. Managers‚ stockholders and creditors (such as banks). Stockholders often have conflicts
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Agency Paper Sandra Halbeisen October 8‚ 2013 SOWK 6151 Professor Cynthia Medina Our Lady of The Lake University Agency Paper There are many social service agencies that are making a difference in the lives of individuals. A social services agency can be defined as an organization providing social services that typically employs a range of helping professionals‚ including‚ social workers in addition to office staff‚ paraprofessionals‚ and sometimes volunteers (Barker‚ 2003). Agencies exist to
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LIEGE Transport and logistics ©MET Liege is located at the centre of the European motorway network which grants rapid access to the cities and capitals of Europe. Liege‚ Logically Logistical ... O 15 Km ©Lamalle At the junction of four major European railway axes‚ the marshalling yard of Liège is a hub for the goods traffic in Belgium. platforms combining 2 or 3 means of transport (rail‚ road‚ air or waterway) are present near the airport and along the waterways.
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Agency theory Agency theory identifies the agency relationship where one party‚ the principal‚ delegates work to another party‚ the agent. In the context of a corporation‚ the owners are the principal and the directors are the agent. This model of corporate governance and subsequent research focused on resolving conflicts of interest between corporate management and shareholders (Jensen and Meckling‚ 1976) and has largely adopted an agency theory approach. Key assumption is that the principals and
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