Search results for "OLDER"
showing 10 items of 1264 documents
Value Creation When Acquiring Public vs Private Firms. Spanish Evidence
2013
We investigate shareholder value creation of Spanish listed firms in response to announcements of acquisitions of unlisted companies and compare this experience to the purchase of listed firms over the period 1991–2011. Similar to foreign markets, acquirers of listed targets earn insignificant average abnormal returns. However, acquirers of listed targets that perform a first bid show significant negative abnormal returns. Acquirers of unlisted targets gain significant positive average abnormal returns. When we relate these results to company and transaction characteristics our evidence suggests that the listing status effect is mainly associated with the fact that unlisted firms tend to be…
How Pioneering Managers Strive to Integrate Social Risk Management in Government Debt Collection
2019
This study explores risk management issues in local government-owned enterprises in accordance to the third wave of governance, organization and management logics of Public Administration: the Public Value approach. However, the coexistence between the emerging Public Value approach and the more traditional and consolidated ones is often difficult, also because of the resistance of shareholders who may not consider the management of system-level risks as a priority mission for their company. For this reason, we have analysed the strengths and weaknesses of the Traditional Approach and the New Public Management approach in the public sector management. The case study presented reveals some i…
A Decision Model on Corporate Social Responsibility and Business Strategies
2017
The role of companies in today's society has been radically transformed, especially in developed economies. The stakeholders have deposited on companies different expectations compared to some years ago. Furthermore, this transformation has led to the establishment of new internal models of corporate governance depending on the intensity of the impact of demand for social action coming from the stakeholders interacting with firms. The aim of this work is to offer a decision model on Corporate Social Responsibility (CSR) and business strategies. This model constitutes a tool that can be adopted by firms, no matter their operational sector, to establish their particular coordinates with respe…
The Impact of Corporate Governance on Internet Financial Reporting in Concentrated Ownership Companies
2013
In the context of agency theory this study investigates the effect of corporate governance (CG) on Internet Fianncial Reporting disclosure (IFR) in concentrated ownership envitonment, such as Italy. We hypothesize that IFR may be explain in term of increasing trasparency in order to defen minority shareholder interest, so we predict, and find, a positive association between the extent of a firm's IFR and its CG and a negative assocaition between IFR and ownership structure. Abstract. This study investigates, upon agency theory, the effect of corporate governance (CG) on Internet Financial Reporting disclosure (IFR) in an ownership concentrated environment, such as Ita-ly. We hypothesize tha…
Licensing policies for a new product
2005
This paper studies licensing policies for the owner of a new product and addresses their welfare impact in the assessment of market failures. We show that the best licensing policy for the patent holder is fixed fee licensing with an exclusive territory clause. Consumers are also better off with fixed fees but do not prefer the exclusive territory clause. Social welfare is higher under exclusive territories when fixed costs are not too large. As for efficiency, the number of licences in the private market equilibrium falls short of the socially optimal solution. Our analysis discloses that (i) any policy measures aimed at enhancing the diffusion of technology, in terms of the number of lice…
Incentives in Corporate Governance: The Role of Self-Regulation
2004
Corporate governance stems from the interplay of legal norms, security regulation, self-regulation and best practices. Recent scandals and frauds have forced governments to update laws on corporate governance: the legislation process has been very fast in some countries, others have lagged. Law and regulation intervene and become effective only ex-post, when damages have been done and malpractice is self-evident. On the contrary, self-regulation is a quicker and more flexible response to changing market conditions and of great impact on the relationship between firms and their environment. A self-regulatory organization (SRO) such as the stock exchange could administer the screening device,…
Municipal Climate Change Adaptation GOVERNANCE in Latvia: ApproachING Cross-sectorial and Multi–instrumental understanding
2021
Climate change adaptation being one of today’s main challenges on global agenda do affect people worldwide, but even though most decisions regarding climate change governance are made at the international or national level, the implementation of these decisions in most cases takes place at the local level. Municipal climate change adaptation research project in Latvia was carried out with special emphases on main stakeholder understanding, preparedness and communication factors using several complementary research methods – case study research in Salacgriva coastal municipality, sociological surveys with both Salacgriva town households / inhabitants (home visits / questionnaires) and also n…
Coherence between marine and land use planning: public attitudes to landscapes in the context of siting a wind park along the Latvian coast of the Ba…
2014
The aim of this paper is to contribute to coherence in marine, coastal and land use planning and management from the perspective of landscape values. At a time when new sea uses are emerging and marine spatial planning laws and regulations are being adopted, but have not yet been put into practice, research studies are required that provide spatial planners with informed insights concerning public stakeholder attitudes to controversial policies. The undertaken research explored the attitudes of two important social groups (local residents and tourists/recreational users) regarding locating wind parks in the marine and/or terrestrial environment along the Latvian coast of the Baltic Sea. The…
Fluência verbal fonêmica e semntica: dados normativos de idosos Brasileiros
2015
This study aims to investigate the influence of sociodemographic characteristics on the performance of older people on two tasks of verbal fluency and provide normative data for a Brazilian population of healthy elderly individuals with different educational levels. The initial sample included 521 individuals aged from 60 years, participating in the Program Family Health Strategy. Participants who had scores suggestive of cognitive decline on the Mini-Mental State Examination, depressive symptoms in Geriatric Depression Scale and self-reported neurological or psychiatric disorders were excluded. The final sample consisted of 218 participants in phonemic verbal fluency task (letters F, A and…
Análisis de contenido de la representación del cuerpo en un libro de texto de Educación Preescolar
2012
La construccion social y cultural del cuerpo influye en el conocimiento personal y de los otros. Los libros de texto transmiten el capital cultural de una sociedad a sus ciudadanos mas pequenos. El objetivo del estudio consiste en describir la forma en que se representa el cuerpo en las imagenes de un libro de texto de educacion preescolar. Se realizo un analisis de contenido de las imagenes a traves de un codigo elaborado en estudios previos. Las ninas y ninos son representados con gran diferencia respecto a otros sectores poblacionales y se observo igualdad de presencia de mujeres y hombres independientemente de su edad. Con gran diferencia se representa un cuerpo entero vestido con ropa …