ISSN 1936-5349 (print) ISSN 1936-5357 (online) HARVARD JOHN M. OLIN CENTER FOR LAW‚ ECONOMICS‚ AND BUSINESS AGENCY PROBLEMS‚ LEGAL STRAGEGIES AND ENFORCEMENT John Armour‚ Henry Hansmann‚ Reinier Kraakman Discussion Paper No. 644 7/2009 Harvard Law School Cambridge‚ MA 02138 This paper can be downloaded without charge from: The Harvard John M. Olin Discussion Paper Series: http://www.law.harvard.edu/programs/olin_center/ The Social Science Research Network Electronic Paper
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result directly in profits‚ for example by sponsorship of sporting events of the opera or other entertainment. Do these projects contradict the goal of maximization of shareholder wealth? Why or why not? Answer: Participating in programs that are socially responsible does not contradict the goal of maximization of shareholder wealth. Having a good reputation from your local community is very important for sustaining a business. Although it remains true that spending on social programs could
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FOUNDATION COURSE PROJECT PROBLEMS OF THE SENIOR CITIZENS ILL-TREATMENT BY THE NEXT GENERATION AND GENERATION GAP ISSUES INTRODUCTION The traditional norms and values of Indian society laid stress on showing respect and providing care for the elderly. Consequently‚ the older members of the family were normally taken care of in the family itself. The family‚ commonly the joint family type‚ and social networks provided an appropriate environment in which the elderly spent their lives. The
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CASE I NAVEEN FISHERIES LTD. 1. What were the reasons for the sinking of the vessels? Answer The sinking of a ship is an unpredictable and undesirable incident. No matter how many precautions are taken‚ a ship can sink without any prior intimidation or signs. What are these signs‚ and why are they so difficult to trace in the first place? What are the reasons for the sinking of a ship? Rough Weather‚ Storms and Rogue Waves A famous saying is "No ship can fight Mother Nature.” In fact‚ Mother
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Special Agents The career I would like to pursue is in the criminal justice field. I can see myself being a special agent or a criminal investigator. A special agent and a criminal investigator will prepare reports that detail investigation findings. They also obtain and verify evidence by interviewing and observing suspects and witnesses or by analyzing records. They may identify case issues and evidence needed‚ based on analysis of charges‚ complaints‚ or allegations of law violations. Also
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Stakeholders vs. Shareholders The definition of business strategy is a long term plan of action designed to achieve a particular goal or set of goals or objectives. Stakeholder is a person‚ group‚ or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization’s actions‚ objectives‚ and policies. Shareholder is someone who owns shares of stock in a corporation or mutual fund. For corporations‚ along with the ownership comes a right
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over domestic rivals. Its signature low fares made air travel affordable to a wide segment of the US population. * Southwest Airlines has a vision to the stakeholders for a sustainable future where there will be a balance in the business model between employees and the community‚ the environment‚ and the financial viability. * Our vision for our employees is to provide a stable work environment with equal opportunities for learning and personal growth. * Our goal is to be the hometown
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JUSTIFYING SHAREHOLDER WEALTH MAXIMISATION Alan D Morrison Programme Director‚ The Oxford Finance Programme for Senior Executives; Professor of Finance‚ Saïd Business School CORPORATE OBJECTIVES AND CORPORATE FINANCE The Role of the Corporation Corporate fi nance is the branch of economics that concerns itself with the ways in which corporations fi nance their activities. If we want to think clearly about this topic‚ we need a simple model of the corporation. Figure 1 is about the simplest
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Agents of Socialisation Introduction Socialization is used by psychologists‚ sociologists‚ political scientists‚ educationalists and anthropologists to denote the constant process of acquiring and disseminating customs‚ ideologies and norms‚ giving a person the habits and skills that are needed for participation in a particular community or a group. It is an amalgamation of self-imposed as well as externally enforced rules and anticipations of other individuals in the society. Contrasting other
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travel agents aand its effectiveness CONCEPT OF TOURISM INTRODUCTION AND BACKGROUND OF TOURISM Tourism‚ as an industry has emerged as an instrument for employment generation‚ poverty alleviation and sustainable human development. Tourism promotes international understanding and gives support to local handicrafts and cultural activities. It is an important segment of the country’s economy‚ especially in terms of its contribution towards foreign exchange earnings‚ generation of additional income
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