Management and Shareholder Interests

Author(s):  
Andrew Smithers

Objections to the bonus culture because it is unfair and morally unpleasant raise serious issues, but have diverted attention from its economic damage. Pay has also been misinterpreted as being an issue between management and shareholders. But shareholders are not damaged as, unlike the economy, they do not benefit from faster growth in GDP. This can be seen by comparing the growth rates of different countries and the returns that have accrued to shareholders. Shareholders are not a homogenous group. Those who are retired benefit from high share prices. Those saving for their retirement should like low prices so that they will have high returns on their savings, but few recognize their ‘real interests’ in this way. No group of shareholders likes, in practice, to have the prices of their shares decline.

2011 ◽  
Vol 8 (2) ◽  
pp. 391-401
Author(s):  
Robert Wearing ◽  
Carmen A. Li

This paper discusses the role of short sellers and the concerns which are expressed in the news media about their activities. In particular, it examines the problem of optimism in analysts’ forecasts which might initially lead to ‘high’ share prices and the limitations of both agency and stakeholder theory in providing short sellers with a legitimate role. With the help of the existing empirical literature, we argue that short sellers can be regarded as carrying out a useful information function in financial markets. Indeed, encouraging short sellers to operate more effectively in the market as well as requiring fuller disclosure of their activities could provide a useful antidote to some of the share price rises which have been seen in recent years in failing companies


2021 ◽  
Vol 9 (3) ◽  
pp. 106-110
Author(s):  
Damir Gaynanov ◽  
Rinat Gataullin

The article summarizes the approaches to the definition of specialization in agriculture. The factors and conditions for the optimal location of agricultural production in the region are shown. Unlike the pre-reform period, when the main link in the specialization of agricultural production were collective and state farms, to a lesser extent - subsidiary farms of industrial enterprises, today territorial specialization at the level of municipal production volumes and create the necessary infrastructure for this. Specialization should be viewed as a process of structural changes in production, when resources are redistributed between the production of various types of products, new proportions are formed, in agriculture - primarily in land use. In this case, it is proposed to determine the specialization of municipal districts based on their contribution to the production of specific types of products in the region and average annual growth rates. Based on the ratio of these indicators, the following types of municipalities were identified in the areas of specialization - growth points (with a high share in the volume of production and high growth rates) and stagnating territories (when a high share in the volume is combined with low growth rates). Compiled maps of the specialization of agricultural production in the municipal districts of the Republic of Bashkortostan for today and for the future, for the period up to 2030. Determination of the specialization of agricultural production in municipal districts for the future, allows you to create the necessary infrastructure in them, taking into account the changed conditions, to make fuller use of the existing potential.


1966 ◽  
Vol 22 (3) ◽  
pp. 157-162 ◽  
Author(s):  
Eugene F. Brigham ◽  
James L. Pappas

Nature ◽  
2020 ◽  
Vol 578 (7796) ◽  
pp. 515-515 ◽  
Author(s):  
Hongbo Duan ◽  
Shouyang Wang ◽  
Cuihong Yang
Keyword(s):  

1966 ◽  
Vol 94 (4) ◽  
pp. 491-498 ◽  
Author(s):  
F. D. Malkinson
Keyword(s):  

EDIS ◽  
2020 ◽  
Vol 2020 (1) ◽  
pp. 7
Author(s):  
Demian F. Gomez ◽  
Jiri Hulcr ◽  
Daniel Carrillo

Invasive species, those that are nonnative and cause economic damage, are one of the main threats to ecosystems around the world. Ambrosia beetles are some of the most common invasive insects. Currently, severe economic impacts have been increasingly reported for all the invasive shot hole borers in South Africa, California, Israel, and throughout Asia. This 7-page fact sheet written by Demian F. Gomez, Jiri Hulcr, and Daniel Carrillo and published by the School of Forest Resources and Conservation describes shot hole borers and their biology and hosts and lists some strategies for prevention and control of these pests. http://edis.ifas.ufl.edu/fr422


2005 ◽  
pp. 4-18 ◽  
Author(s):  
K. Sonin

In unequal societies, the rich may benefit from shaping economic institutions in their favor. This paper analyzes the dynamics of institutional subversion by focusing on public protection of property rights. If this institution functions imperfectly, agents have incentives to invest in private protection of property rights. The ability to maintain private protection systems makes the rich natural opponents of public protection of property rights and precludes grass-roots demand to drive the development of the market-friendly institution. The economy becomes stuck in a bad equilibrium with low growth rates, high inequality of income, and wide-spread rent-seeking. The Russian oligarchs of the 1990s, who controlled large stakes of newly privatized property, provide motivation for this paper.


2014 ◽  
pp. 4-32 ◽  
Author(s):  
V. Mau

The paper deals with Russian social and economic development in 2013 and prospects for the next year or two. The author discusses the logic and trends of the global crisis started in 2008. This is the basis for further analysis of current Russian economic performance with special emphasis on the problem of growth rates deceleration. Special attention is paid to economic risks and priorities of economic policy.


2018 ◽  
pp. 76-94 ◽  
Author(s):  
I. A. Makarov ◽  
C. Henry ◽  
V. P. Sergey

The paper applies multiregional CGE Economic Policy Projection and Analysis (EPPA) model to analyze major risks the Paris Agreement on climate change adopted in 2015 brings to Russia. The authors come to the conclusion that if parties of the Agreement meet their targets that were set for 2030 it may lead to the decrease of average annual GDP growth rates by 0.2-0.3 p. p. Stricter climate policies beyond this year would bring GDP growth rates reduction in2035-2050 by additional 0.5 p. p. If Russia doesn’t ratify Paris Agreement, these losses may increase. In order to mitigate these risks, diversification of Russian economy is required.


2008 ◽  
pp. 94-109 ◽  
Author(s):  
D. Sorokin

The problem of the Russian economy’s growth rates is considered in the article in the context of Russia’s backwardness regarding GDP per capita in comparison with the developed countries. The author stresses the urgency of modernization of the real sector of the economy and the recovery of the country’s human capital. For reaching these goals short- or mid-term programs are not sufficient. Economic policy needs a long-term (15-20 years) strategy, otherwise Russia will be condemned to economic inertia and multiplying structural disproportions.


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