Role of Corporate Governance in Permission of the Agency Conflict

2020 ◽  
Vol 144 ◽  
pp. 116-121
Author(s):  
Sergej I. Lutsenko ◽  
◽  
Keyword(s):  
Corporate Governance ◽  
Social Benefit ◽  
Cash Flows ◽  
Economic Interests ◽  
Agency Conflict ◽  
The Social ◽  
Financial Interests

The author considers the mechanism of permission of the agency conflict (redistribution of cash flows) between the shareholder and management with use of model of business. In article are considered the economic interests of the company as legal abstraction behind which there are interests of shareholders. Corporate governance in modern realities has to be directed not only to rapprochement of financial interests of shareholders and the management of the company but also to creation of the social benefit.

scholarly journals Listening to ironically-enjoyed music: A self-regulatory perspective

2016 ◽  
Vol 45 (3) ◽  
pp. 321-337 ◽  
Author(s):  
Annemieke J. M. van den Tol ◽  
Roger Giner-Sorolla
Keyword(s):  
Pilot Study ◽  
Thematic Analysis ◽  
Social Role ◽  
Social Benefit ◽  
Main Study ◽  
The Social ◽  
Regulatory Perspective ◽  
Regulatory Functions ◽  
Additional Role

This research examines adults’ reported motivations for listening to music that they enjoy ironically using Thematic Analysis. Based on the pilot study ( N = 96), ironically-enjoyed music was defined as “Music that is enjoyed because of being bad, despite being bad, or for different reasons than intended.” Many relevant self-regulatory functions of listening to music in general were relevant to ironically-enjoyed music in the main study ( N = 175). Ironic enjoyment of music also has unique characteristics: the additional role of mocking, ridiculing, and laughing at the music, and the social benefit that this provides. Music that was listened to “because of” its negative features had a variety of musical features, and the listening usually served functions unique to ironic enjoyment of music. When music was listened to “despite” negative qualities, the music itself was often described as having attractive rhythm, melody or lyrics, while the irony protected the listener from conflicting values associated with the music, helping the listener communicate to others that they did not identify with the music on a higher level. Unfamiliar music mainly played a social role, whereas familiar music related to nostalgia as well as most other functions.

Shifting Ground: Emerging Global Corporate-Governance Standards and the Rise of Fiduciary Capitalism

10.1068/a3791 ◽  
2005 ◽  
Vol 37 (11) ◽  
pp. 1995-2013 ◽  
Author(s):  
James P Hawley ◽  
Andrew T Williams
Keyword(s):  
Corporate Governance ◽  
Rating Agencies ◽  
Retirement System ◽  
Global Standards ◽  
Analytic Review ◽  
Financial Interests ◽  
Governance Network ◽  
Institutional Owners

In this paper we examine the long-term interests that large institutional owners (for example, the California Public Employees' Retirement System, Hermes, and the Universities Superannuation Scheme) have in the development of global corporate governance standards, especially as governance standards increasingly become intertwined with other standards and regime parameters involved in the globalization debates. We argue that institutional owners have a unique perspective and voice with which to contribute to the formulation of global standards in a variety of areas on the basis of their long-term financial interests. This conclusion is supported by an analytic review of the current state of global corporate governance, including multilateral initiatives (for example, the Organisation for Economic Co-operation and Development, the World Bank); an analysis of significant institutional investors, the role of various rating agencies (for example, Fitch, Moody's), the International Corporate Governance Network, and the growing role of various nongovernmental organizations (for example, the Coalition for Environmentally Responsible Economics, the Carbon Disclosure Project) in relation to corporate governance.

scholarly journals IMPROVING THE MECHANISM OF USING THE PRICE FACTOR IN THE EFFECTIVE REGULATION OF AGRICULTURAL PRODUCTION ON THE BASIS OF FUZZY LOGIC

2020 ◽  
Author(s):  
Rahib Imamguluyev ◽  
Elvin Balakishiyev ◽  
Nihad Agakishiev
Keyword(s):  
Fuzzy Logic ◽  
Agricultural Production ◽  
Social Protection ◽  
State Regulation ◽  
Economic Democracy ◽  
Economic Interests ◽  
The Sustainable Development ◽  
The Social ◽  
Modern Economic

When studying the role of the price mechanism in the sustainable development of the economy, in accordance with the requirements of the modern economic mechanism, first of all, attention should be paid to the issue of state regulation of prices. The attitude to state regulation of prices is ambiguous. Existing control over the implementation of state regulation of the prices of a group of products based on the social protection of the population and the economic interests of the state, and economic legitimacy is sometimes perceived as a violation of economic democracy. However, the analysis of the role of the price factor in economic development proves that this idea has no basis. Thus, it is not possible to make accurate calculations so that the price of the product can change at any time for various reasons. Therefore, it is advisable to approach these calculations on the basis of fuzzy logic.

scholarly journals Responsibilities of Companies towards Employees

2016 ◽  
Vol 18 (2) ◽  
Author(s):  
Monray Marsellus Botha
Keyword(s):  
Corporate Governance ◽  
Social Justice ◽  
Social Institution ◽  
Company Law ◽  
Economic Life ◽  
Best Interests ◽  
Socially Responsible ◽  
The Social ◽  
Labour Legislation

Central to company law is the promotion of corporate governance. An important question in company law still today is in whose interest the company should be managed. Corporate governance needs to address the entire span of responsibilities to stakeholders of the company such as customers, employees, shareholders, suppliers and the community at large. The promotion of human rights in the application of company law must also take place. This is extremely important given the significant role of enterprises within the social and economic life of the nation. The interests of various stakeholder groups in the context of the corporation as a "social institution" should be enhanced and protected. Because corporations are part of society and the community, like all of us, it is required of them to be socially responsible and have greater accountability to all stakeholders of the company. Although directors must act in the best interests of shareholders collectively they must also consider the interests of other stakeholders. Sustainable relationships with all the relevant stakeholders are thus important. The advancement of social justice is thus important to corporations in that they should take note of the Constitution, labour legislation and company law legislation when social justice issues are dealt with. Employees have become very important stakeholders of companies and their needs should be taken into account in the bigger corporate governance and social responsibility framework.

Role of auditor in agency conflict and corporate governance

2014 ◽  
Vol 8 (3) ◽  
pp. 333-353 ◽  
Author(s):  
Chia-Ching Cho ◽  
Chu-Hua Wu
Keyword(s):  
Corporate Governance ◽  
Agency Conflicts ◽  
Public Companies ◽  
Internal Governance ◽  
Content Type ◽  
Agency Conflict ◽  
Governance Indicators ◽  
Logistic Regressions ◽  
Auditor Selection

Purpose – The purpose of this study is to investigate whether hiring a high-quality auditor (i.e. industry specialist) depends on corporate governance indicators after controlling a different level of agency conflicts (ACs). Design/methodology/approach – This paper uses logistic regressions on 12,449 firm-year samples of Taiwanese public companies from 1998 to 2011 by grouping the samples into three categories (i.e. low, medium and high AC). Findings – The results show that the corporate governance indicators can explain the decision of auditor selection only in low and medium AC groups, which suggest that there may be a complementary relationship between external (i.e. auditors) and internal governance when the ACs are mild. Originality/value – The paper contributes to the ongoing debate between the complementary and substitutable effects. When the internal ACs are controlled, the internal governance and auditor selection are complemented.

scholarly journals PENGARUH KONFLIK KEAGENAN TERHADAP CORPORATE GOVERNANCE DAN KINERJA PERUSAHAAN

MAKSIMUM ◽  
2012 ◽  
Vol 1 (2) ◽  
pp. 109
Author(s):  
Wahyu Manuhara Putra
Keyword(s):  
Corporate Governance ◽  
Principal Components Analysis ◽  
Principal Components ◽  
Ownership Structure ◽  
Agency Conflicts ◽  
Agency Conflict ◽  
Corporate Governance Mechanisms ◽  
Different Dimensions ◽  
Components Analysis

Abstract This study aimed to test whether the Corporate Governance associated the Agent- Conflicts This research Used exploratory principal components analysis and kanonikal analysis on 6 individual governance variables to get the 5 factors representing different dimensions of corporate governance and treasures the agent, conflict firms based on 7 agency conflict proxies used in the literature. Results of analysis found that Companies with greater agency conflict has a mechanism for better corporate governance, in particular that the low ownership structure has a high impact on institutional ownership. Overall the result support the theory that the existence and role of corporate governance mechanisms on firm is a function of agency Conflict in the company. Keyword : Agency Conflicts, Corporate Governance, exploratory principal components analysis, kanonikal analysis

scholarly journals The Transformation of Non-Cash money into Banknotes: Demand, Supply, Subjective Side of Crime

2018 ◽  
Vol 12 (3) ◽  
pp. 366-374 ◽  
Author(s):  
Elena Popkova ◽  
Agnessa Inshakova ◽  
Marina Goncharova
Keyword(s):  
Critical Evaluation ◽  
Business Practices ◽  
Pension Insurance ◽  
Economic Interests ◽  
Tax Legislation ◽  
Commercial Company ◽  
The Social ◽  
The Usa ◽  
Cover Up

The authors study the transformation of non-cash money into banknotes as a cover-up for one of the economic crimes. They analyze the economic interests, motives and goals of the heads of commercial companies that transform non-cash into cash. The current taxes regime is used to compare the financial losses of the working capital of a commercial company whose head has the task of transforming non-cash money into cash. They study the criminal demand for the unaccounted cash and its supply and formulate the concept of «entrepreneurial insolvency». The authors also argue for the possibility of a total abandonment of cash in the shortest possible time. They present a critical evaluation of the criminal schemes where sham companies offer unaccounted cash and show the role of commercial banks and the Bank of Russia in counteracting such criminal business practices. The authors have also compiled an overview of research publications on this topic that include the works of Russian legal scholars and economists. At the same time, they examine the positions of authors from the USA, Kazakhstan, Italy, Ukraine, Belarus and Turkmenistan. They analyze the current Russian constitutional, civil, banking and tax legislation as well as the normative base of the social and pension insurance. It is argued that the transformation of non-cash money into cash is a real fictitious deal not named in the legislation; it is concluded between juridical persons as a cover-up for illegal actions. These actions are initiated by the head of a commercial company who is motivated by mercenary interests and carries out a criminal intent in an organized group with a prior agreement.

scholarly journals The Food Barn Role in Sustainability of Food Security (A case study on Food Barn " Lestari Boga " in the Village Muntuk, Dlingo, Bantul Indonesia)

2016 ◽  
Vol 3 (3) ◽  
pp. 30
Author(s):  
Lestari Rahayu ◽  
Retno Wulandari ◽  
Retno Fajar Setyorini
Keyword(s):  
Food Security ◽  
Descriptive Analysis ◽  
Social Benefit ◽  
Economic Benefits ◽  
Analysis Techniques ◽  
The Social ◽  
Social Grant ◽  
The Village

<p>This study aims to determine, the role of barn food in sustainability food security and the benefits obtained by the food barn. Descriptive analysis techniques used to know   management of the food barn, while to know the role and benefits data analyzed using the analysis score. Results showed that the food barn role in sustainability of food security included in the high role category in the funds social grant, providing food and as economic institutions. Benefits obtained member in the presence of the food barn included in the high category, seen from the social benefits and economic benefits.</p><strong>Keywords</strong>: Food barn, food security, economic benefit, social benefit<p>  </p>

scholarly journals A influência das redes de relações corporativas no desempenho das empresas do Novo Mercado da BOVESPA

2008 ◽  
Vol 6 (3) ◽  
pp. 337 ◽  
Author(s):  
Wesley Mendes-da-Silva ◽  
Luciano Rossoni ◽  
Diógenes Leiva Martin ◽  
Roy Martelanc
Keyword(s):  
Corporate Governance ◽  
Stock Exchange ◽  
Level Density ◽  
Board Members ◽  
The Social ◽  
The World ◽  
Institutional Relations ◽  
Two Phases ◽  
And Performance

The role played by the board of a firm is one of the main aspects considered in literature on corporate governance around of the world. simultaneously, the social and institutional relations have been seen as preponderant factor for the happened results of the performance of such boards of big companies. However not yet research is verified that analyze the role of the boards from the Social Network Analysis (SNA) in Brazil. In this manner, this study aims to verify the existence of associations between centrality level, density and cohesion of the boards of Brazilian companies and firmperformance. Then, we evaluate 615 individuals, that had formed the boards of the 90 listed companies in the Novo Mercado of the S˜ao Paulo Stock Exchange in 2007. The analysis was lead in two phases. In the first one we present the configuration of the networks of board members, in second place, we verify associations between structure of the network and performance. It was verified that the centrality, density and the cohesion of the firms, in terms of its board members, are related with performance, some times in terms of Return Over Assets (Roa), some times in debt. Of this form, we conclude that organizations most located in the networks of corporative relations tend to present greater yield and minor debt.

Financial Instruments of Regional Economic Policy Implementation

2019 ◽  
pp. 177-206
Author(s):  
Anastasia Ostovskaya ◽  
Irina Pavlenko
Keyword(s):  
Regional Development ◽  
Economic Interests ◽  
The Social ◽  
Social And Economic Development ◽  
Key Factor ◽  
Regional Economic Policy ◽  
The Russian Federation ◽  
Methodological Principles ◽  
Practical Recommendations

This study is dedicated to the rationalizing of theoretical and methodological principles as well as elaboration of practical recommendations for the improvement of the financial mechanisms of regional development. Scientific findings in the area of financial mechanisms of regional development have been subject to analysis; the purpose and the main objectives have been set and financial principles and instruments of regional development have been defined. The role of financial support has been rationalized in relation to the specifics of the social and economic interests of the region and its steady development. The main purpose of reforming the financial mechanisms has been set as such providing for the social and economic development of the regions in the Russian Federation. It has also been clarified that the financial potential of the region is a key factor in serving social and economic interests of the region by means of financial mechanisms.

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