Search results for "corporate governance"

Corporate Governance e contendibilità del controllo. Un’analisi comparatistica dei modelli decisionali e degli assetti proprietari nelle società per …

2012

Corporate Attributes and Associations

2013

Variation on the theme 'In Search of New Foundations for Corporate Finance and Corporate Governance'

2003

Our purpose is to explore an alternative way to give new foundations to the theory of corporate finance and governance. The definition we give of corporate finance considers capital-budgeting as central. The shortcomings of the contract theory of the firm result in proposing new foundations to corporate finance based on the knowledge-based theories of the firm. Lastly, we explore the consequences of these new foundations. It leads to give new explanations of the role of external equity financing, financial debt and especially of internal financing, and to re-examine the corporate governance and financial evaluation questions.

Law of Finance: Evidence from Finland

2003

Although it is widely acknowledged that the benefits of corporate governance reform could be substantial, systematic evidence on such reforms is scant. We both document and evaluate a contemporary corporate governance reform by constructing 18 measures of shareholder and creditor protection for Finland for the period 1980-2000. The measures reveal that shareholder protection has been strengthened whereas creditor protection has been weakened. We also demonstrate how the reform is consistent with a reorganisation of the Finnish financial market in which a bank-centred financial system shifted from relationship-based debt finance towards increasing dominance by the stock market. We find evide…

How "attractive" is good governance for FDI?

2008

Evaluation in the Transnational ‘Management by Projects' Policies

2004

There is a supranational tendency in educational governance towards a 'management by projects' policy, which substitutes democratic procedures and norm-based control in FOR? materialisation of educational justice. The organisational level becomes crucial for the management of education and the pressure to conceive education as a managerial activity increases. At the same time, educational expertise in public administration becomes substituted by subcontracted, policy-led research. In the context of transnational governance the civil service is turning into a busnocracy, which is responsible for the quality of education to the global markets instead of to people. The article discusses this t…

National level paths to the mining industry’s Social Licence to Operate (SLO) in Northern Europe: The case of Finland

2020

Abstract Research on the social licence to operate (SLO) has traditionally focused on local communities directly affected by mining operations. There has been a lack of systematic research exploring attitudes to mining among the public at large. Based on a national survey (N = 1091) of Finns’ attitudes towards mining conducted in 2016, we test a theoretical model using path analysis to examine the factors affecting the social licence to operate (SLO) of mining in Finland. The aim is to shed light on the factors affecting SLO at national level in Finland and to add to the growing body of research seeking to understand the mining industry’s SLO at national level in diverse social, economic an…

Political Yardstick Competition and Corporate Governance in the European Union

2006

http://www.dur.ac.uk/john.ashworth/EPCS/Papers_and_Authors.php; The question whether regulatory competition in the area of company law could take place in the European Union (EU) in a way similar to the form it takes in the United States (the Delaware phenomenon) is topical because of some recent judgments of the European Court of Justice (Centros) and documents and projects produced by the European Commission. That question is typically discussed, however, as if voters did not count and as if competition among governments was exclusively based on the mobility of firms across jurisdictions. But intergovernmental competition can also take the form of yardstick, or relative performance, compe…

Resilience, security and the politics of processes

2014

The prominence of resilience thinking in contemporary governance and security policies has received increasing critical attention. By engaging in dialogue with some of these recent critiques, predominantly leaning on biopolitics or neoliberal governmentality, this article develops an Arendtian reading of resilience as a temporal regime of processuality. Originating from life sciences such as ecology and complexity thinking, the increasingly malleable resilience discourse privileges the functioning of societal life processes over political action and human artifice. The article argues that this ‘rule of nobody’ is in danger of suffocating the concept of public space, so crucial for politics …

Urban—Rural Flows and the Meaning of Borders

2009

This article focuses on political and everyday interplay and integration between city and hinterland, investigating borders and boundaries in such interplay. Five Norwegian city-regions served as the empirical basis for analysing two empirical fields. In the first field — everyday mobility and flow — institutionalized interactions between the cities and their hinterlands were analysed as well as objectives and meaning as motivations in everyday mobility in the city-region between city and hinterland. In the second field — urban-regional economic development policy — the questions addressed related to the degree to which governance networks are developed as a tool in local economic developm…