Globalization and Alfred D. Chandler's modern (American) firm: an essay

2009 ◽  
Vol 15 (3) ◽  
pp. 261-271 ◽  
Author(s):  
W. Mark Fruin
Keyword(s):  
2004 ◽  
Vol 1 (4) ◽  
pp. 36-48 ◽  
Author(s):  
Amir N. Licht

In their seminal survey of corporate governance, Shleifer and Vishny distill the issue into a blunt question: "How do [the suppliers of finance] make sure that managers do not steal the capital they supply or invest it in bad projects?" The Enron/Arthur Andersen debacle and the ensuing wave’s of scandal vividly proved that American investors may face this question in the most acute form. To the extent that corporate governance issues play a role in the cross-listing decision, it is a negative role. Generally speaking, the foreign issuer regime "cuts corners" exactly on the issues of corporate governance relating to corporate insiders. The notion that issuers may want to improve their corporate governance by subjecting themselves to a better regulatory regime through cross-listing—say, on an American market—is appealingly elegant. If an American firm could use an NYSE listing to bond its insiders to better governance standards, why couldn’t foreign firms do the same? In an oft-cited 1999 article, Jack Coffee argues that they do just that: In other cases, however, the cross-listing may not entail corporate governance improvements. The cross-listing literature refers to differences in investor protection in three separate respects. In practice, however, foreign issuers can easily obtain an exemption from corporate governance listing requirements. The notion that corporations can self-improve their corporate governance by opting into a foreign country’s legal and regulatory regime through cross-listing has made considerable inroads into the legal and finance literature.


1981 ◽  
Vol 9 (1) ◽  
pp. 93-100 ◽  
Author(s):  
Janusz J. Gondek ◽  
Marek A. Wójcicki

This paper presents results of the investigations concerning thick-film sensors of temperature and humidity. Main criteria have been discussed and design programs computed by the ODRA computer in the Fortran language. The production techniques of the sensor have been described. Based on the results of the measurements and on the statistical analysis of the sensor parameters the authors have given characteristics of these sensors. They have given examples of their applicability and production perspectives. Sensors produced in Poland have been compared with similar devices made abroad. The authors have applied compositions prepared by Du Pont. This has been possible owing to the assistance of this well known American firm.


1996 ◽  
Vol 14 (5) ◽  
pp. 527-528
Author(s):  
Paul Stonham
Keyword(s):  

Africa ◽  
1958 ◽  
Vol 28 (4) ◽  
pp. 314-323 ◽  
Author(s):  
Walter Elkan

Opening ParagraphNo one who has visited East Africa has come away without seeing the wood-carvings made and sold by the Kamba. Sets of salad-servers crowned by Masai or Nandi heads, figurines of warriors bearing spear and shield, and models of elephants and leopards—these are their stock-in-trade which they carry to every part of East and Central Africa, to the Rhodesias and the Sudan, the Congo, and, exceptionally, to England. Their carvings are spread on the pavement outside hotels and at the most frequented corners of the main streets or they are hawked in baskets from door to I door. Like the jewellery sold at Port Said, their carvings have an exotic but suspiciously uniform look about them and at the back of everyone's mind there lurks the suspicion that really they are all mass-produced by machines—in Birmingham, or ‘by the Indians’ or at some remote Mission station.‘We have been unable so far to come into contact with the managing body of this organized and doubtlessly machinery-using industry’, wrote an American firm anxious to buy their carvings direct from the manufacturer. The truth is that there is no managing body and no machinery. The carvings are made by hand with tools that were in common use before this century and they are sold in the first instance either by the men who carved them or, more commonly, by Kamba ‘dealers’, who may have started as carvers but who eventually have found trade more profitable than manufacture. Some of the dealers have built up a trade which yields them incomes earned by few other Africans in Kenya, and in general there has come into being, almost entirely as a consequence of Kamba enterprise, a thriving industry which provides men from one of the most barren parts of Kenya with incomes comparable to those earned in the most prosperous agricultural regions.


2011 ◽  
Vol 5 (17) ◽  
pp. 7481-7487 ◽  
Author(s):  
Aacute lvarez Herranz Agustin ◽  
Valencia De Lara Pilar

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