vital information such as corporate strategy. To fill this gap‚ this study analyzes firm-specific determinants and organisational outcomes of voluntary disclosure of corporate strategy. Stakeholder theory and agency theory help to understand whether companies serve their interest to engage with stakeholders and overcome information asymmetries. I connect these theories and propose a comprehensive approach to measure voluntary disclosure of corporate strategy. Hypotheses from the theoretical framework
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your money protected? Would you be skeptical about investing in companies since the securities fraud scandals that have happened recently? The answer is most likely‚ “yes”‚ to a certain degree. With the news about unethical business practices and companies not following regulatory guidelines‚ it is difficult to ignore the risk that is involved with trusting someone else with your investment. But there is an answer to help protect companies and shareholder‚ and it comes in the form of a regulatory organization
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1. R&R is a public corporation that‚ as of December 31‚ 2009‚ is subject to a year-end integrated audit by its independent auditing firm‚ Young & Young. An excerpt of Young & Young’s audit opinion state: In our opinion‚ the consolidated financial statements present fairly‚ in all material respects‚ the financial position of R&R and its subsidiaries as of December 31‚ 2009‚ and the results of their operations and their cash flows for the fiscal year ended December 31‚ 2009 in conformity with U.S. GAAP
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We’re a young company‚ and this is an exciting place to work. But the work is intense. People are here at work 24 hours a day‚ seven days a week. Our employees would probably be motivated even without our bonus plan. But the plan is still important. It is a tool to focus people’s attention on the right things… Being a young company‚ we’re still in a “preprofit” stage of operation. Thus our performance measures are primarily nonfinancial. The non-financials are what we need to pay attention to.
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whenever a major deal (private equity‚ acquisition‚ etc.) happens. And we normally wonder how these valuations or multiples were calculated. “What is the worth of my company?” “How much funds can I raise via private placements‚ and how much stake I have to dilute?” “How much can I raise from the market if I decide to take my company public?” So‚ whatever the purpose is (acquisitions‚ private equity‚ joint ventures‚ IPOs‚ etc.)‚ valuation remains the centre of the talks. The two most common valuation
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Johnson & Johnson’s 10-K and annual report have one major contrast. 10-K is long and detailed report. Annual report is shorter and contains similar information but in straightforward form. While the main purpose of the annual report is to market the company and attract new investors‚ the 10-K report contains standard information filed with SEC requirements. Both reports however are generally effective for their target audiences and present company’s performance during the year. Both reports include information
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making these errors public information‚ Molex released its yearly financials indicating it earned $175‚950‚000 in Net Income [Exhibit 2]. This numeric includes the overstatement to income of $5‚800‚000‚ after tax value‚ representing roughly 3.3% of the Net Income. The case describes how inventory is overvalued by $8 million‚ which would decrease Inventory in June of 2004 from $265‚344 million to $257‚244 million. This is a substantial 3.15% over representation of the companies inventory. By recognizing
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Table of Contents Abstract 3 I. Introduction 4 II. Development of discussion 5 III. Conclusion 8 Reference 10 Abstract In the hotel business‚ pricing is one of the most important factors‚ besides the qualities of offering service that decide the customers’ satisfaction and the reuse service tendency of these customers. In other words‚ it decides the profitability of each hotel chains. However‚ in contrast of this important role‚ these hotels do not apply the appropriate pricing
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Internal Control Requirements for Publicly Traded Companies In a meeting last week‚ the president of LJB expressed interest of going public in the near future and asked us about the internal control requirements for such action. To become publicly listed‚ LJB must follow the Sarbanes-Oxley Act of 2002 (SOX)‚ which requires all US publicly traded companies to maintain an adequate system of internal control. Under SOX Section 404‚ a company must report on internal controls over financial reporting
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Summary: SAS is a recognized company that creates business analyst software for all types of businesses. The acronym SAS stands for “statistical analysis system.” It was created at North Carolina State University as a project to analyze agricultural research. SAS’s founder decided to transform this research project into a viable company of its own‚ where he could provide business consulting services to large and small businesses alike. Shortly after becoming a company they were able to run software
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