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
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We will all have experienced double standards once in our lives. We girls are constantly looked down upon for doing certain acts while most of the time boys are praised for the same things. Double standards may only continue to pervade our lives socially. Simply put‚ a double standard is a rule or principle applied more strictly to one gender than another. A simple action or attitude could have completely different implications depending on ones gender. What happens when a man or a woman steps outside
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create a new nation with several diverse interests and to provide a new political model. There are two common representations of the federalism system: dual and cooperative federalism. Dual federalism is a view holding that the constitution is a compact among sovereign states‚ so that the powers of the national and state governments are different. Dual federalism has four parts: First‚ would be that the national government is ruled by the powers of the federal government which is in the constitution
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Case Study: Northeastern Mutual Life: Preparing for Employee Terminations ------------------------------------------------- ------------------------------------------------- Introduction Northeastern Mutual Life‚ the major subsidiary of the Calgary Insurance Group‚ is one of the largest life insurance providers in Canada. Northeastern Mutual Life has more than three million individual and business customers in Canada. Among its nine thousand employees‚ Northeastern Mutual Life employs two thousand
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The Double Standard With a Nike basketball shoes‚ and they are double cushion PU soles sold in the world‚ but it became the single cushion when the shoes are sold in China. What’s more‚ the price is 500 yuan higher than abroad. In the U.S.‚ the price is $ 125 (about 800 yuan)‚ and there are two ZOOM cushion. Beijing Industry and Commerce Bureau believes that Nike engaged in "double standards" on the product‚ and the Nike company discriminate Chinese and foreign consumers‚ and it against the Chinese
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Standard Model There are two types of building blocks to everything in the universe: fermions and bosons. Fermions are units of mass. Fermions are the building blocks which make stuff. Bosons are units of force. Bosons are the mechanisms of interaction and exchange. There are four different types of forces in the Standard Model: electromagnetic force‚ the strong force‚ the weak force and gravity. The electromagnetic force explains electricity‚ magnetism‚ and other electromagnetic waves including
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Running Head: NURSING STANDARDS Nursing Standards: A Nurse’s Scope of Practice and Standards Emily Eberly Walden University NURS3000-12‚ Fall Quarter Issues and Trends in Nursing November 18‚ 2012 Nursing Standards: A Nurse’s Scope of Practice and Standards As Americans‚ each individual is required to follow the laws and regulations. Each country‚ state‚ and local town has set up its own specific laws. Also certain professions have specific laws and regulation to follow in order to ensure safety
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Globusz® Publishing | | | Chapter 4 Standard Cost Learning Objectives * To understand the meaning of standard costing‚ its meaning and definition * To learn its advantages and limitations * To learn how to set of standards and determinations * To learn how to revise standards Introduction You know that management accounting is managing a business through accounting information. In this process‚ management accounting is facilitating managerial control.
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You are more beautiful than you think Most of you must have seen the new ad campaign of Dove that is doing its rounds on the internet. I remember watching it almost a fortnight ago when it was mentioned on an online magazine that I read with great interest. That online magazine just mentioned it as a must-watch video. I watched it‚ went numb for a few minutes and then I googled “Dove’s new video ad’ and read several articles. While many praised it for the strong message it conveyed‚ some lamented
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Philippine Currency and Philippine Monetary Standards Source: Financial System‚ Market & Management- the basics- Laman‚ Rose Marie et al.‚ 2008 Nature of the Monetary Standard • A country is said to have established a monetary standard or system when it sets down rules to govern the creation of money and control the quantity in circulation whether the rules are strictly followed or are to be accepted simply as guidelines for its own money managers • Standard money is the monetary unit recognized by
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