THE JOURNAL OF FINANCE • VOL. LXIV‚ NO. 4 • AUGUST 2009 Agency Problems at Dual-Class Companies RONALD W. MASULIS‚ CONG WANG‚ and FEI XIE∗ ABSTRACT Using a sample of U.S. dual-class companies‚ we examine how divergence between insider voting and cash f low rights affects managerial extraction of private benefits of control. We find that as this divergence widens‚ corporate cash holdings are worth less to outside shareholders‚ CEOs receive higher compensation‚ managers make shareholder value-destroying
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The Problems and Solutions in Building an Age-friendly City The Problems and Solutions in Building an Age-friendly City: Economic Conditions for the Elderly in Singapore Prepared By: Tang Jiahui & Qian Ziyuan NUS SM2 Batch 16‚ Group 1 Prepared For: Dr. Lira Dumaguing April 7‚ 2013 1 The Problems and Solutions in Building an Age-friendly City 2 Table of Contents List of Tables ...........................................................................................
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early industrial pin factory from Adam Smith’s Wealth of Nations to the organizing and structuring of work. The relation will be described done by examining the division and specialization of labour‚ requirements that lead to the need for coordination‚ Horizontal and Vertical Differentiation required for coordination and how structure/hierarchy arises and if it is in fact needed. We can see that through the division and specialization of labour that Adam Smith’s pin factory is an example of a cottage
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What is Traffic jam? A traffic jam is a long line of vehicles that cannot move forward because there is too much traffic‚ or because the road is blocked by something. The major factor behind traffic Jam in Bangladesh: There are many reasons behind traffic jam in Bangladesh. Among them some major factors are as follows: ➢ Undisciplined traffic signal in the road. ➢ Indiscipline among the road user. ➢ Might is right‚ everybody are free to park their vehicle on Road. ➢ No knowledge
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cleanest vehicle‚ so people sometimes should think it over to change their cars to a public transport device like train or bus. But people are lazier then to take a couple steps to the bus stop and wait for the bus‚ so they rather spend hours in traffic jams (rush hours) and pay hundreds for the petrol‚ not mentioned the car crashes. There is a high number of accidents on the roads which are caused by careless drivers. The possible solutions to reduce the transport’s disadvantages and dangers
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EMPLOYERS SHOULD HIRE MORE YOUNG WORKERS IN THEIR COMPANY. The process of recruiting employees into a company is vital as these human resources are viewed to be a strategic investment. The success of companies largely depends on its human resource. Of late‚ higher learning institutions are churning out an unending supply of fresh graduates that add to the competition in the job market. Yet‚ the question arises whether the employer should hire these younger workers or to select from the more senior
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We will locate Nutrient Factory on Baltimore Avenue‚ College Park‚ Maryland in a 2500 square foot building. We plan on have a similar size store as our rivals‚ GNC‚ which typically are approximately1000 square feet (LoopNet). Nutrient Factory is going to have six full-time employees‚ including the two founders working full-time as cashiers/managers. We will hire two Maintenance Crew members who will replenish store shelves‚ assist customers at the Make-Your-Own Protein Shake section and maintain
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INTRODUCTION: Traffic consists of pedestrians‚ street cars‚ ridden animals‚ bicycles and other motor vehicles. The enhancement of technology and the start of urbanization have transformed the standard living of individuals in travelling and moving goods and commodities from one place to another. These changes brought difficulty and problem of travelling due to the unavoidable traffic congestions especially at rush hours. However‚ traffic problems are part of daily life of motorists these days
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try to go to bed early. Some like loud noises while they sleep; others need complete silence. Well I can imagine this situation very well because I have been living with three roommates since the beginning of the semester. UNCW housing was way over booked this year. Housing and Residence even had to send some people to hotels for a few weeks while they were sorting everything out. I‚ along with many other people‚ have been placed in a common room. These rooms are typically filled with chairs and televisions
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Motivating Employees Motivation is defined as the reasons one has for acting or behaving in a particular way. Motivation is one of the most important factors in employee performance and in keeping a business afloat. Workers with hourly wages are motivated to work more hours because working more hours means more money in their pocket. Motivation is an abstract concept‚ one can not see motivation in another person‚ only the results of it. Why is motivation important? Well there would be no reason
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