Agency Problems‚ Auditing‚ and the Theory of the Firm: Some Evidence Author(s): Ross L. Watts and Jerold L. Zimmerman Source: Journal of Law and Economics‚ Vol. 26‚ No. 3‚ (Oct.‚ 1983)‚ pp. 613-633 Published by: The University of Chicago Press Stable URL: http://www.jstor.org/stable/725039 Accessed: 29/06/2008 23:14 Your use of the JSTOR archive indicates your acceptance of JSTOR ’s Terms and Conditions of Use‚ available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR ’s Terms and
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Tattoos in Western Culture The art of tattooing has changed in modern times quite drastically. It is slowly becoming more acceptable to own and display tattoos on one’s body. In more conservative times‚ those with tattoos were looked on as social outcast‚ turned down for jobs and seen as strange outsiders. However‚ within the past half century‚ tattoos have steadily become more acceptable. Millions of people in America now proudly tattoo their skin‚ with everything from religious symbols to
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Ethnicity: Political Conflicts in Europe Instructor: Dr. Tommaso Chiamparino Final Paper: The Conflict in Western Sahara (Morocco‚ Algeria‚ Mauritania and Spain) Written by: Tahiri Joutei Idrissi Hassani Driss July‚ 3rd SUMMER 2009 Western Sahara is a region located in the North West of Africa‚ occupying an area of around 260 000 km2. This land is subject to serious
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Strategic Leadership at Comfort Ltd Explain the change process in Comfort Ltd from a strategic leadership point of view. Efficiency and process reliability: A strategic move in order to make efficient use of the resources was to produce the new product in the existing plant with the existing equipment. This efficiency is however lost and it takes a lot of time and effort to customize the product into this line. The CEO misjudged the adaptation of the equipment to fit the new products. In order
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Dabur India - Working Capital and Cost Management Dr. Narender L. Ahuja‚ Institute for Integrated Learning in Management‚ New Delhi‚ India Ms. Sweta Agarwal‚ Institute for Integrated Learning in Management‚ New Delhi‚ India ABSTRACT After running as a family business for over 100 years‚ when in late 1990s the management of the Dabur was handed over to a team of professional managers‚ the new management faced a gigantic task of improving performance in several critical areas. In particular
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CASE-H8247.qxd 11/10/06 21:25 Page 76 Case 6 Nissan United Kingdom‚ Ltd. John E. Walsh‚ Jr. Entering into a Business Relationship in the United Kingdom In 1970‚ three thousand Datsun cars rusting on the docks of Rotterdam‚ abandoned by the existing U.K. concessionaire‚ was the catalyst for the relationship that developed between Nissan United Kingdom Limited (Nissan U.K.) and Nissan Motor Company of Japan (Nissan M.C.). Nissan Motor Company approached Octav Botnar‚ who arranged the transshipment
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Chapter One 1.1 Introduction : Global banking scenario has been changed; Cheques are now passing away and e-banking are widely welcomed as well as the statutory reforms has also been implemented in this regard for check and balance in this regard. E-Banking redeemed us a new metamorphose banking system and the advent of such banking propelling the status of business in a wide range. Globalization creates an environment where Bangladesh’s banks are to stay within the competition‚ they will have
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Introduction of Southeast Bank Limited (Mirpur 10) The emergence of Southeast Bank Limited was at the juncture of liberalization of global economic activities. The experience of the prosperous economies of the Asian countries and in particular of South Asia‚ has been the driving force and the strategic operational policy option of the Bank. The company philosophy - "A Bank with Vision" has been precisely an essence of the legend of success in the Asian countries. Southeast Bank Limited is
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Problem/Issue: The MD of Nirmal Rayon has to decide whether to expand the capacity to 7500 tonnes. The MD wants to get reliable volume forecast for the next ten few years to make the decision. Situation Analysis: i) Textile Industry: The volume forecast has been calculated using chain ratio method. The estimates given by consultant have taken the following assumptions which seem valid: a) Per capita consumption – Keeping the past scenario in mind‚ the estimate of 14.5 meters seems pretty reasonable
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HUTCHISON WHAMPOA ’S FINANCING STRATEGY PRIOR TO JUNE 1997 A financing strategy is integral to an organization’s strategic plan. It sets out how the organization plans to finance its overall operations to meet its objectives now and in the future. Hutchison‚ like other large firms in Hong Kong‚ relied heavily on internally generated funds to fuel growth. Having reserves of 67‚994m (more than twiceof operating expenses in 1996)‚ it is stable enough to continue without external funding‚ indicating
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