Can institutional investors restrain earnings management activities in weak investor protection countries? The role of foreign and domestic institutional investors UGUR LEL* This draft: February 2013 Abstract This paper investigates the role that institutional investors play in restraining earnings management activities of firms under varying investor protection environments. Distinguishing between foreign and domestic institutional ownership in a sample of about 190‚000 firm-year observations
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world that provoke conversation on controversial topics. Keith Haring‚ Francis Bacon and Barbara Kruger are a few examples of artists with a message. These artists have all created works that "evoke a sense of struggle ’against the system.’" Not all of these outspoken artists share the same vision‚ but they have fought their own personal battles to get their message out to the public. If Postmodernism raises low art to the level of high art‚ it also allows folks who control the media to cash in on subculture
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Financial Reporting & Analysis April 19th‚ 2013 Case Study- Harnischfeger Corporation 1. Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements. The accelerated depreciation method was changed from to straight-line on all company assets that caused to increase after-tax net income for 1984 by $11.005 million. The cumulative effect of change in 1984 there will
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on this company as being its sole owner. She has several options that she is considering in operating her new business. Some of those options include the following: operating as a franchise‚ sole proprietorship‚ partnership of some sort‚ a corporation of some sort‚ as an LLC‚ and even a joint venture. She has come to me asking of my input on what I think about her possible start up of this new company. Betty thought about operating her company as a franchise. According to Merriam Webster
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Case26 Haveloche Corporation is a research and development company‚ which translates into sporadic cash flows over time. There are times when genius ideas bring in lots of cash flow for the company. However‚ there are also times where those genius ideas are shelved because no one has an interest in that patent. The ever changing cash flows prove to be difficult for decision making‚ especially when it comes to whether the company should give back to its investors or not. Haveloche is constantly
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Knowing little about toothpaste‚ he had technical tie-up with a Japanese company and Lamoiyan Corporation was formally launched in 1988 and produced the first tube of Hapee. Sales have been thwarted by three significant barriers: consumer fears that locally produced goods were inferior‚ their preference for Colgate’s taste and the lack of awareness of the Hapee brand. Pedro and Lamoiyan Corporation counteracted these obstacles by capitalizing on their tie-up with a Japanese company‚ imitating
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Messages in Shakespeare’s Works Many of Shakespeare’s plays give one of the main characters a soliloquy or a speech in which they deal with the play’s key issues. There are three particular speeches that have been spoken about for many centuries because of their underlying messages- Katharina’s final speech in The Taming of the Shrew‚ Portia’s speech in The Merchant of Venice‚ and Hamlet’s soliloquy in Hamlet. In The Taming of the Shrew‚ Katharina gives the final speech of the play. She speaks
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The Strategy of using Foreign Investors and Licensees: a Philippine Perspective • In a certain objectives‚ use foreign companies • Cooperation with a foreign company can provide a shortcut-attainment of certain goals at a lower cost and in much less time Certain risk or potential problem in cooperation with a foreign firm 1. Government’s approval be obtained 2. Satisfaction of the goals of the foreign company • The Philippine firm must examine the alternative
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creating the products. Apple has a few Internal factors within the Apple Corporation that can affect the four functions of management. The first of which is planning of the corporation; the preliminary business plan was conceived in the garage of Steve Jobs in 1976. Apple had the future goal of the company in mind making the prototype of the operating systems‚ virus protection‚ and finding private investors to see the potential in the computers and to help fund the company. The young men
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Sample Persuasive Message Judy Robertson COMM 470 May 23‚ 2011 Dr. Janice Carter-Steward Sample Persuasive Message In this paper the subject to identify is three behaviors inherent in e-tailing‚ explain how each medium enables e-commerce‚ and analyze each behavior using the communication process. The three behaviors to be discussed are independent variables‚ intervening variables‚ and dependent variables. Two types of independent variables are personal characteristics and environmental
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