THE THEORY OF FINANCIAL INTERMEDIATION: AN ESSAY ON WHAT IT DOES (NOT) EXPLAIN by Bert Scholtens and Dick van Wensveen SUERF – The European Money and Finance Forum Vienna 2003 CIP The Theory of Financial Intermediation: An Essay On What It Does (Not) Explain by Bert Scholtens‚ and Dick van Wensveen Vienna: SUERF (SUERF Studies: 2003/1) ISBN 3-902109-15-7 Keywords: Financial Intermediation‚ Corporate Finance‚ Assymetric Information‚ Economic Development‚ Risk Management‚ Value Creation‚ Risk
Premium Economics Financial services
set of moral principles or value" or "a theory or system of moral values." Ethics assists individuals in deciding when an act is moral or immoral‚ right or wrong. Ethics can be grounded in natural law‚ religious tenets‚ parental and family influence‚ educational experiences‚ life experiences‚ and cultural and societal expectations. Ethics in business‚ or business ethics as it is often called‚ is the application of the discipline‚ principles‚ and theories of ethics to the organizational context.
Premium Ethics
4. Firm Strategy‚ Structure and Rivalry Closing the circle of the factors that determine the existence of a competitive advantage‚ it is necessary to take into account the context in which firms are created‚ organized and managed and the nature of domestic competition. Goals‚ strategies‚ and ways of organizing companies in the industry are widely influenced by national conditions. Achieving national interest depends on the extent to which these options according to the source of competitive advantage
Premium Competition Competition Management
Refinements to Legitimacy Theory in Social and Environmental Accounting Matthew V. Tilling Flinders University‚ South Australia The author wishes to acknowledge the valuable support provided by the CPA Australia in funding this research through their Research Grant Scheme. COMMERCE RESEARCH PAPER SERIES NO. 04-6 ISSN: 1441-3906 “Legitimacy is a generalized perception or assumption that the actions of an entity are desirable‚ proper‚ or appropriate within some socially constructed system of
Premium Sociology Legitimacy Organization
Outsourcing theory International business theorists have long been fascinated by the way in which companies opt for internalization solutions‚ in which in-house units take responsibility for most value chain operations‚ versus externalization approaches‚ in which most value chain work is outsourced. Some view this arbitrage in national‚ macro-level terms‚ one example being a recent study showing that MNEs headquartered in mid-sized countries with an abundance of skilled labour tend to prefer outsourcing
Free Economics Strategic management Transaction cost
What is Practice Theory? “Theory of Practices” (TP) is a social sciences theory based on the ideas that “individual behaviors are primarily performances of social practices‚” and that practices are not conceivable as a set of individual actions that lie just in the minds of the actors‚ but modes of social relations. There is not one shared understanding of what practice theory is‚ but that many different contributions are originating in philosophy‚ social science‚ cultural theory‚ and science & technology
Premium Sociology Psychology Social psychology
theoretical perspective The theory of Porter is a study which works as a tradition that is related to the neo-classical economics with the nature of self adjusting nature of markets. The theory of Porter places innovation and industrialisation of geographic which is one of the number of theories for competitive advantages which aims at the process and development (O’Connell et al.‚ 1997). The industries which work within the nations are focused by the Porter’s theory. Competitive advantage is given
Premium Michael Porter Strategic management
Maslow Concept of human needs Difference people got difference need ‚we have to know that the worker in which level in the hierarchy so that we can give what he want to motivate them .It is based on what the workers need. what he want ? we just give it as motivator Hierarchy factors need For maslow ‚there have a hierarchy with 5 lvl .a people will satisfied the level one by one according this hierarchy. the people will satisfied with the lower level and jump to the higher level until they reach
Premium Motivation Maslow's hierarchy of needs
Q4. What criteria must be met if firms are to achieve a competitive advantage through their employees? Organizations which have happy employees have the upper hand on their competitors. An organization’s success depends on KSA (knowledge‚ skills‚ and abilities) of employees‚ as they help to establish a set of capabilities that distinguishes a firm from its rivals‚ which is to gain a competitive advantage. A firm can achieve a stable competitive advantage through talented employee in case if they
Premium Management Employment Strategic management
two companies of my choice. I decided to choose firms from the leisure industry and then compare them. I analysed the business environment and ethical factors that affect the leisure industries as a whole. In my report I will distinguish between the impacts on the different political‚ economical‚ sociological and technological factors and will then draw conclusions based on my analytical report. To prepare a PEST analysis report on my chosen firms‚ I had to research and analyse the leisure industry
Premium Film Movie theater Leisure