SUMMARY Moral Hazard in Equity Contracts: The Principal-Agent Problem The separation of ownership and control involves moral hazard‚ in that the managers (the agents) may act in their own interest rather than in the interest of the stockholder-owners (the principals) because the managers have less incentive to maximize profits than the stockholder-owners do. Tools to Help Solve the Principal-Agent Problem Production of Information: Monitoring Stockholders engage in a particular type of information
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VALUES OF FILIPINOS DURING THE SPANISH COLONIZATION: Catholism has had a great impact on Filipino customs‚ behaviors‚ and traditions. It is common for Filipinos ( specifically those in smaller‚ provincial towns ) to attend church every morning and to pray the rosary each night. In fact‚ Filipino homes contain various statues of Jesus Christ‚ Virgin Mary‚ and other saints. Finally‚ Filipino festivals and community events may have a highly catholic meaning‚ often honoring Jesus‚ Mary‚ or other saints
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make them‚ or you have to contemplate on them. Undoubtedly‚ in the end‚ your morals determine your actions. Internally‚ you have to have moral courage to do what you trust is right and standing up for what you believe in. Moral courage is doing the right thing because it’s right‚ not because of eminence and riches. People morally courageous do what is morally right even if you get hurt or because it is difficult. Moral courage is taking action no matter what the consequences. In Antigone‚ the play
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moral recovery The moral recovery program is a program that encourages members of the public to live in a moral and correct way. The program does have religious connections‚ but is more about rebuilding a ’people nation’ and retaining a sense of community spirit. The moral recovery program takes place in the Philippines. Residents in the region are encouraged to get involved with the program. Those behind the program believe that if it is successful‚ it could cause reduced crime levels and an overwhelming
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I can honestly say that if I won 50 million dollars in the lottery I would enjoy my winnings with my family by doing anything and everything they desire. Although I have given to charity in the past it would not be on the top of my list for things to do. I’m pretty certain that everyone wants that life of luxury and while many of us are already living quite well it just may not be well enough. So if you say you don’t want a life where you can have anything you want in this
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“Moral Code” Imagine watching evening news Easter weekend and headlining story of the night is a senseless murder of an entire family. Our normal reaction would be filled with distain and disgust. Leaving unanswered questions like “why” or “how could someone do that?” What drives someone to kill other people? Where is their Moral Code? Most stories like this will give you the killers interpretation of why their moral code went astray and usually gain your empathy‚ even though you don’t agree
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In general life will be a lot better in 50 years.Some people can say that it’s true‚however some may not agree with this opinion.World and life are changing on our eyes with the killing speed.There are changes in our life which are good for us‚for all mankind‚but also there are a lot of changes that are bad for people or for health.In my opinion life wouldn’t be much better than it is today and it’s possibile that it would be even worse. New technologies are considered as good by the most of
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1. a. Whether or not dumping should be permitted is a moral question. b. Are dangerous products of any use in the 3rd world? This is a non-moral scientific question. c. Is it proper for the US to sponsor the export of dangerous products oversea? This is a moral question. d. Whether or not the notification system works as its supporters claim it works is a nonmoral factual question. e. Is it legal to dump this product overseas? This is a nonmoral legal question. 2. What is dumping
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The Necklace Does "The Necklace" have a moral? What is it‚ if it does? The Necklace has many hidden morals‚ one of which is to not be greedy and search for things that you are not capable of getting. Mathilde kept searching for wealth even when she knew that her husband was not capable of doing so. She borrowed the necklace knowing that it makes her seem wealthier that she is‚ because that’s how she wanted people to perceive her. So the story also tells us not to live by how people think of us
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Topic: Does the age impact on working people? What has caused this change? The aim of this task is to demonstrate an understanding of current issues affecting the workplace. In this report I will be focusing on the over 50 age group. Specifically I will be looking at whether or not age impacts on working people and if it has improved or worsened. Work plays a very large role in people’s lives. It has several definitions. Paid employment is considered to be the most
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