of corporate governance does not fit in either of the categories of the well-known distinction between bank-based and stock exchange 102 based systems. Instead, it can be ranked among the first group of the more recent distinction between insider-dominated and out-sider dominated systems. All the distinctive variables of this group indicated by La Porta et al. (1998) can be found in the Italian system: Italian firms depend heavily on bank finance; banks have never played an important
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NELLCO NELLCO Legal Scholarship Repository Harvard Law School John M. Olin Center for Law, Economics and Business Discussion Paper Series Harvard Law School 8-3-2004 The Institutions of Corporate Governance Mark J. Roe Harvard Law School Recommended Citation Roe, Mark J., "The Institutions of Corporate Governance" (2004). Harvard Law School John M. Olin Center for Law, Economics and Business Discussion Paper Series. Paper 488. http://lsr.nellco.org/harvard_olin/488 This
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Journal of Accounting, Ethics & Public Policy Volume 3, Number 1 (Winter 2003), pp. 1‐26 Ayn Rand and Contemporary Business Ethics Stephen R. C. Hicks Introduction: business and the free society Advocates of the free society think of business as an integral part of the dynamic, progressive society they advocate. In the West, the rise of a culture hospitable to business has unleashed incalculable productive energies. Business professionals have taken the products of science and revolutionized
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ANALYSING THE ENVIRONMENT Analysis of the macro-environment may be analysed into six segments using the PESTEL framework. Political Economic Socio-cultural Technological Environmental Legal THE POLITICAL ENVIRONMENT Government is responsible for providing a stable framework for economic activity and, in particular, for maintaining and improving the physical, social and market infrastructure. Public policy on competition and consumer protection is particularly relevant to business strategy
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Strengths: * Brand Value/ Customer Loyalty – Victoria’s (VS) Secret has been described in one Business Insider article as, “the most popular apparel brand in the world”(Lutz, 2013). This may not be the case, but there certainly seems to be buzz surrounding the brand. Victoria’s Secrect, La Senza (Canada), and Pink are the three leading brands in the global lingerie market (Limited Brands Inc., 2013). VS managed to retain its customers and turn out an increased gross profit in spite of higher
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Action 1 Hewlett-Packard and Apple Inc. technology stock companies attempted to make profits from the rising consumer demand after the crash of 2008. Hewlett-Packard better known as HP is the world’s largest technology company that provides printing and personal computing products and IT services, software and solutions that simplify the technology experience for consumers and business. Mark Hurd was the CEO at HP from 2005 to 2010. He took over the giant conglomerate and instituted deep cost cutting
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He worked as a middle man between many banks for a long time and gained the trust of the banks’ senior management. Lets say that there are two banks A (short) and B (plus). Now what Harshad Mehta did was that he told the banker at A that he was dealing with many banks and hence did not know who would he deal in the end with. So he said that the bank should write
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Capital Market the market, or realistically, the group of interrelated markets, in which capital in financial form is lent or borrowed for medium and long term and, in cases such as equities, for unspecified periods. The capital markets, in distinction from other parts of the financial market ie, the money markets, are those for long-term government securities, corporate bonds, stocks, municipal bonds issued by state and local government units, and mortgages. industry and commerce as well as government
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INTRODUCTION Companies’ Overview Hugo Boss AG and Burberry Group are apparel and are competitors in their line of market, also listed in the stock exchange, German DAX and London FTSE respectively from the countries of origin. These companies’ are traded under ‘brands’ and make them for both men and women and have global licenses of fragrances, eyewear, and timepieces. These companies’ retail/ wholesale engages in the sale of luxury goods through mainline stores, have directly operated stores and
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This week's graded topics relate to the following Terminal Course Objectives (TCOs): A | Given an organizational requirement to conform business practices to both the law and best ethical practices, apply appropriate ethical theories to shape a business decision. | I | Given specified circumstances of a business decision to expand to international markets, determine what international legal requirements or regulatory controls apply. | Topics for This Week's Discussion * Introduce yourself
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