This paper integrates elements from the theory of agency‚ the theory of property rights and the theory of finance to develop a theory of the ownership structure of the firm. We focus in this paper on the behavioral implications of the property rights specified in the contracts between the owners and managers of the firm. The possibility of monitoring the behavior of the company by means of review of controls has stayed aside in this analysis. In the activity they can use resources for changing
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Project title: Spillover effects of FDI: Do domestic manufacturing firms benefit from foreign direct investment in Vietnam. Introduction Back in the 1990s‚ foreign direct investment (FDI) became the largest source of external finance for many developing countries. In Vietnam in particular‚ the Law on Foreign Investment promulgated in the 1986 Congress to attract FDI was considered the first step of the doi moi (renovation) reform. The cumulative FDI increased from 28 projects of total US$ 140 million
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the case on either party. What are the risks that businesses and other organizations encounter when dealing with traditional litigation? The business risks to either lose or gain at the end of the court proceeding. Lose of Time- The process of handling traditional litigation in relation to businesses and organizations normally forms a crucial scenario as it affects the firm’s entire performance either positively or negatively. While undertaking on the traditional litigation‚ the business/organization
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Marketing: How B2B Differs From B2C Marketing b2b v b2c Marketing allows organizations to promote their products or services with the intent of maximizing their profit and gaining consumers’ confidence. In today’s society marketing the correct product/service can be difficult but implementing the marketing process and planning accurately can alleviate potential obstacles. This paper will discuss the meaning of marketing‚ define business to business (B2B)‚ define business to consumer (B2C)‚ and
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Alternative Courses of Action I think Jollibee should offer dish which is popular in the Philippines so that they could have a different perspective from the target customers. This is evident as they are constantly adding its product range on top of their already popular favorite menu‚ in order to allow its local customers to experience the traditional Filipino way of having local flavored taste in a comfortable setting. The main draw for customers into Jollibee’s restaurants is the appeal for local styled
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Chapter 6: “What Do Firms Try to Maximize‚ if Anything?” Introduction Do firms really maximize profit? This question has been under debate since the 1940s and 1950s‚ when a wide number of mainstream neoclassical economists defended the assumption against a group of institutional economists that questioned the assumption as the norm in the industry. On the side of the neoclassical economists were Fritz Machlup and Milton Friedman‚ with institutional economists Richard A. Lester and Garnder C
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What do we want from our government? One answer is that we want a great deal more than we did several decades ago. The role of government has expanded dramatically in the last 75+ years. In 1929 (the year the Commerce Department began keeping annual data on macroeconomic performance in the United States)‚ government expenditures at all levels (state‚ local‚ and federal) were less than 10% of the nation’s total output‚ which is called gross domestic product (GDP). In the current century‚ that share
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Why do Wages Differ Across Occupations? There is substantial variation in wages across occupations. Most professional athletes earn more than medical doctors‚ who earn more than college professors‚ who earn more than janitors. We will see that the wage for a particular occupation will be high if the supply of workers in that occupation is small relative to the demand for those workers. Always the supply curve intersects the demand curve at a high wage. The supply of workers in a particular occupation
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“The value of trust” ORLM 220 02/17/10 What is trust? Why is it so important in the workplace? Trust a way of communicating to a person faithful in a caring loving way. In this article it talks about why trust is a big issue in the workplace‚ and how can an organization tells if they can trust you with not necessary taking you word as a guarantee. With this you will learn that trust plays a major part on building a good relationship between employer and employee at the work place. I think the
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It has the money to spend on improving the country’s establishment and therefore it is more likely to have the resources and technology to help decrease the damage from a volcanic eruption. Using the technology‚ they can also predict when a volcano is probably going to erupt. In a MEDC‚ the people are more educated and know what to do in a situation like a volcanic eruption. They are aware of how they are supposed to deal with it and protect themselves and others. They are also able to evacuate populations
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