Search results for "equity"
showing 10 items of 399 documents
Money for the Issuer: Liability or Equity?
2021
Abstract This study analyzes the nature of money through the lens of the international principles of accounting and lays the foundations of what it calls the accounting view of money (AVM). Using international accounting principles, the AVM argues that the fiat monies issued by the state (typically, cash, banknotes, and central bank money) are not debt and that in fractional reserve regimes, only a share of commercial bank money can be regarded as debt. The AVM argues, instead, that state monies and the nondebt share of commercial bank money are net wealth of their holders and net worth (equity) of their issuers and determines how the seigniorage associated with money issuance should be acc…
Corporate social responsibility and community development in a mining region in India:
2019
Impact of corporate sustainable behaviour on the cost of equity
2022
La propuesta doctoral tiene como propósito analizar la relación entre el comportamiento sostenible de firmas cotizadas y el costo de capital tomando en consideración el ámbito económico, ambiental, social, gobierno corporativo y sus respectivos medios de difusión. Dicha propuesta está compuesta bajo un compendio de cuatro artículos publicados en lengua inglesa y tomando una muestra de firmas cotizadas en países emergentes y de sectores poco estudiados. Las conclusiones indican que la relación es negativa entre el Costo de Capital y el comportamiento sostenible reflejado por medio de índices ASG, divulgación y aseguramiento de memorias de sostenibilidad, igualdad de género en el Consejo de A…
The Impact of CSR/ESG on the Cost of Capital: A Case Study of US Companies
2021
The paper identifies the direction and strength of the relationship between individual ESG elements (and ESG as a whole) and the weighted average cost of capital, the cost of equity, and debt. The research was based on US market company data from the Thomson Reuters Eikon database. Some modifications have been applied to the survey methodology compared to that previously used in the literature, making it possible to present comprehensive and more congruent results. Identifying the direction and strength of the relationship between individual elements of ESG and ESG as a whole and the cost of capital (weighted average,equity, and debt). Design/Methodology/Approach: This paper incorporates an…
The significance of student voice: female students’ interpretations of failure in Tanzanian secondary education
2014
Abstract: In Tanzania, the national examinations are used as the primary tools for selection and transition from lower to upper secondary education. Female students are more likely to fail in the national exams and to drop out from education. This article examines the perspectives of female students concerning their advancement in secondary education. Two sets of qualitative data, responses to a research questionnaire from 100 female lower secondary school students and follow-up interviews with seven mature students enrolled in a non-formal school who had failed in the national examinations, were analysed to identify critical issues influencing the educational advancement of female students…
Os desincentivos à aposentadoria antecipada e tardia por parte da seguridade social espanhola
2009
El objetivo principal del trabajo es analizar, desde una óptica financiero-actuarial, la existencia y amplitud de los desincentivos a la jubilación distinta de la ordinaria (65 años) que aplica la Seguridad Social en España. Para el desarrollo del trabajo se ha utilizado una nueva metodología basada en la combinatoria, en lugar de trabajar con datos de carreras laborales reales o de utilizar carreras generadas aleatoriamente. Además, se han aplicado técnicas financieras y actuariales. El presente artículo se ubica dentro de los estudios que analizan la equidad de los sistemas de pensiones, y, en concreto, de pensiones de jubilación del Régimen General en España. Aunque con un carácter meram…
DIVIDEND CONTROVERSY: A THEORETICAL APPROACH
2011
One of the major financial decisions for a public company is the dividend policy - the proportion in which the company decides to distribute profits to shareholders. The difficulty of the decision comes from the implications on firm value. There are conflicting points of view on dividend policy. Even if under ideal conditions (perfect markets) dividend policy is irrelevant (the theory of Modigliani and Miller), still the way in which companies behave shows that the dividend policy is relevant in practice. Market imperfections (taxes, information asymmetry, transaction costs) influence dividend policy. The aim of this paper is to present the major theories and findings related to dividend po…
Lasten osallisuuden jännitteet varhaiskasvatuksessa
2021
Lasten osallisuus on varhaiskasvatuksessa pedagogisen toiminnan keskeinen tavoite. Osallisuuden toteutuminen voi olla kuitenkin käytännössä vaikeaa. Sitä hankaloittavat lasten osallisuuden epäselvä teoreettinen määrittely, tiedon puute osallisuutta tukevista käytännöistä ja toimintatavoista sekä varhaiskasvatuksen resursoinnin kysymykset. Varhaiskasvatuksen lapsiryhmät ovat yhä monimuotoisempia, ja myös siksi on tärkeää kehittää kasvattajien osaamista lasten osallisuuden huomioon ottamisessa. Jotta lasten osallisuus ja oikeudet osataan tunnistaa, on tunnettava niihin liittyvää tutkimustietoa ja lainsäädäntöä sekä uusia toimintatapoja. Artikkelissa tarkastelemme, millaista oli Oiva – Lasten …
Les effets du choix de l'école selon la nature du dispositif mis en œuvre : une approche comparative en terme d'équité
2007
This doctoral thesis analyses the implications derived from the regulations and the implementation of school choice programs at the level of the redistribution of the social good education – freedom for parents to choose the schools of their children, increasing the control of citizens on the way schools educate, maximisation of educational options for children, equalisation of educational opportunities, satisfaction of preferences, education to democracy, tolerance and autonomy. To this aim, we do a systematic empirical assessment of four school choice programs (London, Amsterdam, Paris and Buenos Aires) with the help of several methodological tools. On the one hand, a theoretical model of…
Linking employer branding orientation and firm performance: Testing a dual mediation route of recruitment efficiency and positive affective climate
2019
Faced with competitive labor markets, firms increasingly use employer branding to build a qualified workforce and engage their employees. However, our understanding of the impact of employer branding orientation on firm performance and the theoretical firm‐level mechanisms underlying this potential impact is very limited. To address this gap, we integrate brand marketing theory with human resource management (HRM) research to develop a model explicating how employer branding orientation is linked to firm performance through a dual route by enhancing both recruitment efficiency (i.e., external route: applicants) and positive affective climate (i.e., internal route: incumbent employees). The …