... Country of Incorporation ofthe Issuers in the Sample The table describes the country of incorporation ofthe issuers of all bonds in the sample and the occurrence of default since the issue ofthe ... (SIC) ofthe Sample The table describes the one digit standardized industrial classification ofthe issuers of all bonds in the sample and the occurrence of default since the issue ofthe new ... (SIC) ofthe Sample The table describes the 1-2 digit standardized industrial classification (SIC) ofthe issuers of all bonds in the sample and the occurrence of default since the issue of the...
... bonds Thus, with the recovery rate defined as a fraction ofthe value ofthe firm plus the coupon, the value ofthe bond is identical whether one discounts promised payments at thecorporate spot ... equal to a fraction ofthe market value of an equal maturity corporate bond in the same risk class plus the same fraction ofthe coupon, then the risk-neutral valuation gives the same valuation ... calculation, any payoff from default, including the payoff from early default, is assumed to occur at maturity and the amount ofthe payoff is a percentage of par This is mathematically identical...
... and in the mating mood They talked ofthe flowers, ofthe trails, ofthe birds to be found on the heights for a time; but soon, inevitably, they came to talk of 28 TheTyrannyofthe Dark themselves ... character TheTyrannyofthe Dark “THERE WAS IN HIS LOOK AN EXPRESSION OF ACKNOWLEDGED KINSHIP“ TheTyrannyofthe Dark The red went out ofthe sky The golden eagle of cloud flew home over the illimitable ... roar cut off the ribald music and the clamor ofthe engines precisely as the bank shut away the visible town, leaving the little row of pretty cottages in the ward ofthe mountains and the martial,...
... governance and the development model ofthe welfare state (instead ofthe employer‟s charity) has obscured the issue of social responsibility of business industry Until the early 90s ofthe 20th century, ... inequality threatens the social structure, but the damage to public health have done away up the concept of social responsibility ofthe business On the other hand, the response ofthe main associations, ... don‟t know the term of CSR More than 3/4 of them are familiar with the term A fact shows that there is high level of CSRS activities among the employees ofthe sample 38 Question The question...
... is one ofthe top banks in Vietnam Nowadays, corporate culture is one ofthe greatest concern by both the leaders and officers of this bank Therefore, I chose the topic The impact ofCorporate ... for the branch 1.2 The objectives of study The study focuses on the concepts ofcorporate culture, the way it manifests in an organization From the findings withdrawn from the case study of a ... parts: the common concepts ofthe study including the concepts of culture and corporate culture; the forming factors and the main impacts ofcorporate culture; thecorporate culture’s levels...
... Because the objective ofthe research is inspecting the understanding of CSR importance of officers in Vietnam; the 31 researcher does not use professional software like SPSS The result ofthe research ... conducts the study through Vietnamese officer because the range ofthe research is the impact of CSR and relate to all of Vietnamese‟s perception of its The researcher comes to each individual officer ... supreme goal of a business entity is profit.) This clearly refers to the logic ofthe problem is profitability, the property but the long days and nights investment the giant is building” Furthermore,...
... between the interests of managers in implementing the business objectives with the interests ofthe employees work for managers, customer benefits, the partners and the interests ofthe community ... also may result from the weakness ofthe law in Vietnam when the employees worry that if they are not followed the managers, they will lose their job and the law cannot protect them Next question ... will offer to them but they forget that they also have to take care about the community All ofthe employees are not involved in the process of create CSR policies and plan for company, so most of...
... CSR The theories of CSR What is the finance performance? What is the relationship between CSR and finance performance? The role of CSR to increase profit ofthe company The outcome of adopted ... Structure of study 8 Chapter LITERATURE REVIEW 2.1 The history of CSR 2.2 The definition of CSR 2.3 The term of CSR 2.4 Theories describing the CSR/financial performance relationship 2.4.1 The theory ... maximization utilizes much ofthe structure of stakeholder theory but accepts maximization ofthe long run value ofthe firm as the criterion for making the requisite tradeoffs among its stakeholders‖...
... agency ofthe Government they directly control the process of completing CSR and environment of all companies thus the realize clearly the important of them Hwever they only are the agency of Government ... performance of those companies as they affect the profit and activities of companies On the other hand, Government employee is called as the “agency of Government” as they exam the process of completing ... the way of operation to promote the ability of each individual and creating motivation to develop the economy to increase the wealth and standard life ofthe society, however, the target of the...
... aspects ofthe culture ofthecorporate That explains why there is a difference between West and East corporate cultures, thecorporate culture of Islam nations and corporate culture of those ... That is the motivation for the researcher to conduct the survey about the influence ofcorporate culture of Vietnamese companies The objective of this study is to access the understanding of Vietnamese ... direct the implementation ofthe mission Hence, it is true that mission statements are considered as one ofthe unique signs ofcorporateThe clear statement ofthe organizational mission builds the...
... the motivation ofthe study, the strengths and weaknesses ofthe research design, the main assumptions made and the main results are presented Finally and most importantly, the contribution of ... write a term paper on a topic relating to the course The topic will be decided together by the student and the instructors before the end ofthe course The paper could be a conceptual study consisting ... choice, the characteristics ofthe discloser (i.e credibility) and ofthe information disclosed (i.e verifiability) and how these characteristics interact with the expected effects ofthe disclosure...
... than would otherwise have been the case The rest ofthe paper proceeds as follows In the next section we review the prior literature on CSR, sell-side analysts and then draw from the neo-classical ... with the goal of assessing future profitability and cash flows of firms within the industry they cover (Zuckerman, 1999; Zuckerman and Rao, 2004; Benner 2009) These shared valuation models often ... forecasts of future earnings are considered a reasonable approximation ofthe market assessment ofthe future earnings power ofthe company Thus, analysts’ investment recommendations reflect the opinion...
... one kind of organization to another, is the engine ofthe evolution ofthecorporate form For lack of anything better, we have put up with the unfair and demanding organizations most of us work ... of people from companies and not all of them return when growth resumes.) The importance of these changes lies not so much in themselves, as in the options they offer able people to satisfy their ... coincidence The cult of leadership The buck and the bucks stop here The argument so far References 88 88 92 93 95 98 102 102 103 The myth of leadership The CEO system The management ideas market The...
... list of candidates for the CEO job are: the current position ofthe candidate, and the performance and stature ofthe candidate’s company These automatically exclude from the candidates’ pool the ... consultants and other business thinkers They develop new ideas, package them in the form of books, articles, videos, or lectures, and then sell them to the buyers of management ideas These are of two kinds: ... therefore, worth the credit they are given or the money they are paid for success, is to ignore the role they play as the principals of what I call the “CEO system.” According to this view, the...
... Crossroads Part ofthe answer is that the fitness landscape of each firm is a creature ofthe fitness landscapes of other firms In the past, there were only a few climbers and they were too far ... open-source zealots, eager to liberate the world of computing from what they saw as thetyrannyof Microsoft, were into their stride By 1990, most ofthe components of an operating system, including ... awareness of being part of a group, comes the dangerous idea of a “strategy” and thus the beginning ofthe end for the cardinal chaotic virtues New roads It is still early days for the emergence of...
... shifts in the world economy, such as the disintegration ofthe Soviet bloc, European integration, the opening up of China and globalization in general Another partnership theme has been the replacement ... Instead of seeking a shared vision ofthe future, the partners seek a picture of their shared present by exploring each other’s views and outlooks They stop trying to change, or convert each other ... denies to others The weakness ofthe CEO-system is not so much the power it gives to CEOs, which is excessive, but in the recognition and stories it denies to others The argument so far The “feminization”...
... efficiency, dynamism, and the disciplines of competition My prescription is decapitation; the removal ofthe institution’s head; ofthe position of CEO The CEO-led system, in the power it gives to ... competence They got neither, because as the past two years have made abundantly clear, the CEO-led system ofcorporate governance doesn’t select for such qualities The danger, in these times of turbulence ... employees They also advocate the replacement of hierarchies by what they call “heterarchies” in which the employees “make decisions for themselves and one another horizontally.” I approve fully of the...
... usually been at the expense of their own shareholders Encouraged by the tacit assumption that the bigger the company, the more the CEO should be paid; by their own egos; and by the urgings of transactions-driven ... structure of these sectors and ofthe economy as a whole.” They did not replace the market, because their decisions were still based on estimates of demand, but they took over the coordination of flows ... cone of laminated cones in the case of a multi-divisional firm, consisting of disk-shaped layers of management of decreasing size and increasing power piled on top of one another At the tip of the...
... limit on the deductibility ofthe pay of some senior executives of public companies participating in the TARP The gathering storm A puzzling feature ofthe U.S and to a lesser extent the U.K debates ... levels of executive pay must confront the logical implications of their explanation; namely, that these rewards are the creatures of capitalism itself, or rather, ofthe interactions of natural ... “rip it and the rest of us off.” They’re grabbing more than their fair shares Their rewards are out of all proportion to the economic value they create for the shareholders who employ them 5 not...
... on the status of their mates They had to judge the quality of possible mates, find allies in the tribes into which they married and improve the well-being of their children by persuading others ... from the points of view of others They have more empathy They are, therefore, more likely to be conscious of, and concerned about, the effects on the motivation and self-respect of employees of ... furiously It seemed the men needed longer to gather their thoughts – so long that, eventually, the facilitator asked one of them whether there was a problem He looked around at the other men and, reassured...