scholarly journals Corporate governance, role of the best practice codes and protection of minority shareholders in Italy

2011 ◽  
Vol 8 (2) ◽  
pp. 108-119 ◽  
Author(s):  
Giuseppe Sancetta ◽  
Alessandro Gennaro

The aim of the paper is analysing the relationship between governance systems and safeguard of minority shareholders in Italy. We believe that an appropriate governance system can favour a fair distribution of value to shareholders of listed companies regardless of the size of the share held. We studied the tender offers made in Italy in the period 2000-2009 to calculate the relationship between the compliance of governance systems with best practices and size of majority premiums paid in take-over transactions, measured through offer prospectuses. The empirical research shows a negative association between the mentioned variables. So this seems to suggest that the compliance with best practice codes can influence the majority premiums in tender offers and protect minority shareholders

Webology ◽  
2021 ◽  
Vol 18 (2) ◽  
pp. 675-686
Author(s):  
Hart atik ◽  
Evi Nilawati ◽  
Vera Sylvia Saragi Sitio ◽  
Diansanto Prayoga ◽  
Rusli andy

All businesses have the main objective, namely to gain profit and be sustainable. To achieve this, the role of good human resources (HR) practices is significant. How are the relationships and dependencies of the two variables? We have collected many international publications that discuss MSMEs and HR best practice governance issues in many contexts. We get data from an electronic search for the Google Scholar application. Next, we continue the analysis process by starting with a coding system, in-depth interpretation, critical evaluation, and final summary as the findings data on the analysis questions are valid and consistent. Based on existing data, we conclude a very close relationship between governance and HR best practices towards achieving the operational effectiveness of MSMEs to achieve profit and sustainability.


2012 ◽  
Vol 37 (3) ◽  
pp. 295-318 ◽  
Author(s):  
Michael Yeo

One of the main issues in the long-form census controversy concerned the relationship between science and politics. Through analysis of the arguments and underlying assumptions of four influential and exemplary interventions that were made in the name of science, this paper outlines a normative account of this relationship. The paper nuances the science-protective ideals that critics invoked and argues that such conceptual resources are needed if science is to be protected from undue political encroachment. However, in their zeal to defend the rights of science critics claimed for it more than its due, eclipsing the value dimension of policy decisions and failing to respect the role of politics as the rightful locus of decision making for value issues. An adequate normative account of the relationship between science and politics in public policy must be capable not only of protecting science from politics but also of protecting politics from science.


2020 ◽  
Vol ahead-of-print (0) ◽  
pp. 1-21
Author(s):  
Ryan A. Whitney

This research explores the role of trendy urbanists in best practice uptake within an innovation laboratory in Latin America. Trendy urbanists are the privileged professionals who aspire to be on the cutting edge of urban planning, frequently referencing best practice policies and programmes that they see as supporting ‘livable’ and ‘sustainable’ city building. Taking the case of the Laboratory for the City in Mexico City, I illustrate that the preferred best practices of trendy urbanists are reflective of their own privilege. I conclude that, by relying on best practices and trendy urbanists, innovation laboratories are susceptible to fostering inequitable planning outcomes.


2020 ◽  
pp. 239965442096210
Author(s):  
Natalie Papanastasiou

This paper seeks to understand how best practice knowledge is constructed and maintained as a hegemonic form of policy knowledge. The paper argues that best practice is based on two claims: firstly, that best practice draws on situated practices of ‘what works’ in specific policy contexts, and secondly, that best practice uses these practices to build universal policy lessons that can be transferred across political space. How do policy actors tasked with generating best practices manage to deal with the challenge of integrating knowledge that is situated in particular places with knowledge that holds true across political space? The paper explores this question through the lens of political discourse analysis and studies the relationship between epistemic practice and the social construction of space. Drawing on observation and interview data, the paper analyses how best practices are generated by a group of education policy experts coordinated by the European Commission. Analysis demonstrates that producing best practices involves ‘rendering space technical’ whereby the complex, relational nature of political space is transformed into a series of ‘contextual variables’ from which universal policy mechanisms can be extracted. This allows for the enactment of an epistemic practice which draws clear distinctions between policy and political space rather than understanding them as co-constitutive – a dualism which is pivotal for upholding the hegemonic status of best practice. By analysing counter-hegemonic moments where the claims of best practice are called into question, the paper also considers alternatives to rendering space technical in policymaking practices.


Author(s):  
Jenny Berrill ◽  
Damien Cassells ◽  
Martha O’Hagan-Luff ◽  
André van Stel

This article investigate the relationship between financial distress, well-being and employment status. Using several indicators of financial distress and of well-being, our econometric analysis shows that the negative association between financial distress and well-being is moderated by employment status in the sense that financial problems are more strongly associated with poor well-being for the self-employed compared to the wage-employed. Hence, when self-employed workers find themselves in a situation of financial distress, the negative consequences for their well-being are more severe. This is found to hold both for the self-employed with and without employees.


2016 ◽  
Vol 75 (3) ◽  
pp. 789-793
Author(s):  
David Arnold

As studies of technology in modern Asia move from production to consumption, and from big machines to small, so they confront increasingly complex and nuanced issues about the relationship between the local, the regional, and the global; between political economy and culture; and, perhaps most crucially, between technology and modernity. From a South Asian perspective (and perhaps from a Southeast Asian one as well), many of these issues are inescapably bound up with the Western colonial presence, decolonization, and the post-independence quest for national self-sufficiency and economic autarky. In East Asia, as the articles by Antonia Finnane and Thomas Mullaney demonstrate, the issues play out somewhat differently, not least because of the pivotal role of Japan as a major regional force, an industrial nation, and an imperial power. In South Asia in the period covered by these essays, Japan was a far more marginal presence, with only some industrial goods—such as textiles, bicycles, or umbrella fittings—finding a market there by the mid-1930s. At their height in 1933–34, some 17,000 Japanese bicycles were imported into India (out of nearly 90,000 overall), and in 1934–35, barely 1,400 sewing machines (out of 83,000); within three years this had fallen to less than 700. However, as Nira Wickramasinghe has recently demonstrated with respect to Ceylon (colonial Sri Lanka), Japan had a significance that ranged well beyond its limited commercial impact: it inspired admiration for the speed of its industrialization, for its scientific and technological prowess, and as the foremost exemplar of an “Asian modern” (Wickramasinghe 2014, chap. 5). One other way in which Japan figured in postwar regional history was through demands for compensation made in 1946 for sewing machines destroyed by Japanese bombing (or the looting that accompanied it) and the occupation of the Andaman Islands. And yet, relatively remote though Japan and China might be from South Asia's consumer history, across much of the Asian continent there was a common chronology to this unfolding techno-history, beginning in the 1880s and 1890s and dictated less evidently by the politics of war and peace than by the influx of small machines, of which sewing machines and typewriters were but two conspicuous examples.


2019 ◽  
Vol 37 (2) ◽  
pp. 275-286
Author(s):  
Andrew Derek Holt ◽  
Timothy Stephen Eccles

Purpose The relationship between the owner and an occupier of a commercial property is determined by the lease, inasmuch as it sets out the legally enforceable duties and obligations of each party. However, it is only that, a legal framework; it is not a practical management handbook on how best to operate the premises and generate an amicable business relationship. The purpose of this paper is to consider the role of the lease in reinforcing and disrupting the generation of best practice within real estate management. Design/methodology/approach The paper examines actual leases to understand the service charge and how data pertinent to it is collected, disseminated and interpreted by both parties in carrying out their activities within and about the property. This is then benchmarked against provisions of the Service Charge Code of Practice. Findings Despite a number of incarnations of a code of practice on service charges during the lifetime of the leases examined, the research finds a troublingly small uptake of its ideas within new leases. Practical implications The findings predict future problems in the practical management of multi-tenanted properties, coupled with a call that leases are written to the Code’s requirements. Originality/value No such lease examination has been undertaken to date.


2019 ◽  
Vol 50 (1) ◽  
Author(s):  
Bum-Jin Park

Background: It is extremely important that an audit committee (AC) monitors a company’s financial reporting process, and that the committee engages a high-quality auditor to carry this out effectively. Prior research on ACs has paid much attention to the relationship between AC best practices and audit fees (AF). Although compensation is a means of aligning interests between ACs and stakeholders, previous studies have neglected the complementary interaction between AC compensation and compliance with best practices on audit quality.Objectives: The purpose of this study is to investigate how compensation for ACs affects AF, and how the association is moderated by compliance with best practices to capture effective monitoring.Method: The regression models are estimated to verify how the relationship between AC compensation and AF is moderated by AC compliance with best practice. Moreover, the logistic regression models are used to investigate how the relationship between AC compensation and the opportunistic achievement of earnings goals is moderated by AC compliance with best practice.Results: The findings show a positive association between the levels of compensation AC members receive and AF, which is reinforced in firms that have ACs that comply with all best practices.Conclusion: The results suggest that highly paid ACs engage high-quality auditors to complement their function of monitoring management and AC compensation and compliance with best practices are complementary to enhance audit quality. This study thus provides the interesting insights that can be applicable to countries with requirements relating to the compensation schemes for ACs or the formation of the AC.


Behaviour ◽  
1975 ◽  
Vol 54 (3-4) ◽  
pp. 258-277 ◽  
Author(s):  
Jean Pouzat

AbstractA resume is made of the major sequences of egg-laying behaviour, both in nature and on stored seeds, of the bean weevil. An experimental analysis of the role of the ovipositor in the act of egg-laying is then undertaken by simple techniques. It is observed that an important stimulus, with respect to this, is mechanical in nature: resulting from contact between the setae of the ovipositor on the one hand, and the seed and the "ground" on the other. Simply suspending the seed instead of leaving it lie on the cage bottom, suffices to reduce egg-laying and production significantly. Examination of egg-laying, when the substratum furnished is a trellis with suitable sized mesh, shows that an important aspect of the mechanical stimulus is in its concentrical character, i.e., the fact that it is applied to a greater number of setae all around the ovipositor. The result enables us to understand better the behaviour in nature, where there is a boring of the bean pod followed by egg-laying inside that pod through through the hole made. In the course of the paper some connected problems are evoked: - The relationship between egg-laying and production; - The more or less necessary character of the succession of the different sequences in egg-laying behaviour. Existence of intermediary cases, between individuals which can lay eggs only in the pod and those laying in the apparent absence of any stimulus, particularly stimuli connected with the bean; - Links between the phytophage and its host, remarks on the apparently unfavourable peculiarity of laying a great number of eggs in the same place, the possible consequences with respect to population dynamics.


2017 ◽  
Vol 32 (3) ◽  
pp. 281-308 ◽  
Author(s):  
Eva Alexandra Schmitz ◽  
Matthias Baum ◽  
Pascal Huett ◽  
Ruediger Kabst

Guided by two competing theoretical perspectives, we investigate the contextual role of perceived regulatory stakeholder pressure in the relationship between firms’ strategic orientation and their pursuit of a proactive environmental strategy (PES). While the enhancing perspective suggests that perceived regulatory stakeholder pressure strengthens the association between strategic orientation and PES, the buffering perspective argues that greater regulatory stakeholder pressure mitigates this relationship. Our study looks at a sample of 349 German energy sector firms to identify which perspective holds greater explanatory power. Surprisingly, the empirical findings go beyond the arguments made in the buffering perspective: high perceived regulatory stakeholder pressure not only weakens but also eradicates the relationship between strategic orientation and the pursuit of a PES. Our results indicate that in the case of high perceived regulatory stakeholder pressure, market-oriented considerations are eclipsed by the need to gain legitimacy within the regulatory stakeholder context.


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