CORPORATE CONTROL AND FIRM PERFORMANCE: DOES THE TYPE OF OWNERS MATTER? Muhammad Agung Prabowo* Universitas Sebelas Maret‚ Surakarta‚ Indonesia Abstract: The paper extends the ownership study by examining the different types of large shareholders in relation to its impact on organizational outcome in Indonesia using a dataset consisting of 190 non-financial companies listed in Jakarta Stock Exchange in 2002. The study investigates the effect of family ownership‚ foreign blockholder‚ domestic institutional
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What I can do? As a family‚ there are few things that we could do to reduce fuel consumption‚ it would help if other people see us and try to do the same. The most we can do is if we go to one place and we are all going‚ we will just use one car and try not use the air conditioning because it makes us consume more fuel. Also‚ if we need to buy some clothes‚ shoes‚ food or pay bills‚ we do it in one mall that has all the stores we need‚ because that make us spend less fuel. We should also try to
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Korenkova Alexandra Essay on topic: Learning organizations in global environment: do they exist? In today’s dynamic and unstable operating conditions of enterprises the ability to innovate is a key factor of survival and success of the organization. Innovations in this case are understood in a broad sense – it means not only to create and offer a new product‚ but rather the ability of the organization continually develop creative solutions to problems and challenges. In this regard‚ the role of
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What are the main features of Taylor’s approach to ‘Scientific Management’‚ and what criticisms have been made of it? Do firms use Scientific Management today? A term “Scientific production management” was initially introduced in the 1800s by the famous economist Adam Smith in his book “The Wealth of Nations”(Beechmont ) Later on‚ in 1911‚ American engineer Frederick Taylor made a research in this field and on its’ basis developed key principles that changed factory management and improved economic
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What was the main reason for Italian Unification? In 1815 after the battle of waterloo and the end of the Napoleonic wars‚ the victorious powers met to discuss what to do to at what became to be known as the Congress of Vienna. To ensure that war on the same scale never broke out again they decided to make very little changes to the current map of Europe‚ except strengthening all of France’s neighbours. I was agreed at the conference that the ruling powers should meet in the future whenever
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Matthew Smith Agency Relationship Agency relationship is a consensual relationship between two parties‚ where one party‚ the principal‚ gives authority to another party‚ the agent‚ to act on behalf of and under the control of the principal to deal with a third party‚ thereby creating a fiduciary relationship. The law of agency allows one person to employ another to do his/her work‚ sell his/her goods‚ and acquire property on his/her own behalf. Although a principal-agent relationship can be created
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McDonald’s employees in California‚ Michigan and New York sued against the company and many franchise owners‚ stating that they illegally underpaid employees by erasing hours from their timecards‚ not paying the overtime that had been worked‚ and ordering them to work off the clock. In two lawsuits filed in Michigan against the giant fast food chain McDonalds and two Detroit franchise owners‚ employees said that their restaurants gave orders to show up early to work‚ commanded them to wait an
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AGENCY THEORY AND FIRM PERFORMANCE By Alex Ganas Department of M.B.A At the university of I.S.T / L.S.B.U There has been considerable discussion of managerial agency and firm performance problems that arise from the separation of ownership and control. Economists have long been concerned with the incentive problems that arise when decision making in a firm is the province of managers who are not the firm ’s security holders. The adoption of the agency logic increased during
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Summary of the Article‚ ”Why do firms exist”……….. Ronald Coase may not be as famous as other economists due to his non-recognisable status but at the turn of the century ‚ he was able to achieve a recognisable status by applying practical theories on pre- existing economic theories. Highlights Deregulation revolution of 1980s Re-surfacing the pin factory which was the foundation of division of labour criticism of earlier economics theories of Adam Smith and others. Bureacracy in modern
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Agency Costs and Corporate Governance I Introduction Before analysing problems that occur when institutional ownership and control are separated‚ it should be outlined why institutions exist at all. Therefore‚ chapter two examines why organizations occur in economy. Chapter three addresses the agency problem‚ based on this organization. Chapter four addresses the common ways to solve the agency problem and chapter five gives a comparison over the three most important corporate governance systems
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