Search results for "holder"
showing 10 items of 477 documents
Corporate Governance of Banks after the Financial Crisis - Theory, Evidence, Reforms
2010
Poor corporate governance of banks has increasingly been acknowledged as an important cause of the recent financial crisis. Given the developments since the Asian financial crisis in 1997, this fact is not readily to be explained. Listed banks and even non-listed firms worldwide have publicly emphasized that good corporate governance is of vital concern for the company, and have adopted firm-specific corporate governance codices. Moreover, banking supervisors have taken up the issue. In particular, the Basel Committee on Banking Supervision has already published two editions of a guideline entitled “Enhancing corporate governance for banking organisations” which perfectly reflects the super…
The Uncertain Role of Banks’ Corporate Governance in Systemic Risk Regulation
2011
This paper examines how corporate governance reform of banks relates to systemic risk. Although there has been substantial emphasis on the importance of corporate governance of banks, it is not entirely clear how this enterprise relates to the goal of financial stability. The first part of the paper differentiates between kinds of risk that arise from the structure of the firm, such as shareholder ownership, limited liability and the separation between control and ownership, and kinds of risk that arise from interactions at the systemic level. It highlights why the risk-taking of banks presents, in many respects, a special case not only because of the structure of their business but also becau…
Shareholder Wealth Effects of Women on Boards Promoting Policies: Evidence from Germany
2017
This study discusses differences in the effectiveness of voluntary and mandatory policies promoting women on boards and their potential effects on stock price returns. Furthermore, it classifies the announcements of the policy proposals discussed in Germany and analyzes their impact using event study methodology. The event date identification follows a two-step procedure employing search engine query data from GoogleTrends and traditional search methods using Lexis-Nexis and newspapers. One key event produces negative significant cumulative abnormal stock returns (CAR) of approximately 1.3 percentage points. Further regression analysis of the CAR reveals that the share of women on the super…
EVA(®) vs. ROE as strategic corporate goals. A microeconomic approach
2018
International audience
Municipal Integrated Coastal Management Facilitation in Latvia: Piloting Public Multi-Thematical Monitoring
2021
This paper contains a pilot study on coastal values and potential means of determining and characterising them in the terms of coastal planning and management. The research case study took place in the coastal region of North East Latvia – in the municipality of Salacgriva. The municipality coast is very diverse: coastal access, landscape and the whole biogeography is changing very much along the whole 54 km, being also rich in various natural and cultural heritage assets. Such great coastal variety in the limits of one administrative territory does require very selective governance approaches and dynamic management to be realized by local administration, which has very limited necessary ca…
The Role of Internal and External Stakeholders
2015
The importance attributed to stakeholder issues in contemporary higher education affairs across the globe is a reflection of the changing nature of the social pact between higher education and society, brokered via the state, with new notions of trust and accountability as well as responsiveness to societal needs and demands as key attributes. This chapter takes stock of the key findings across the BRICS as per the individual contributions presented in part III of this volume.
Stakeholder theory for the E -government context: Framing a value-oriented normative core
2018
Despite substantial investments in ICT in the public sector over the past decades, it has been hard to achieve consistent benefits. One reason for the difficulties is the gap between the expectations of key stakeholders (such as governments, businesses and citizens) and project outcomes. Though normative, descriptive and instrumental aspects of stakeholder theory have been influential in explaining stakeholder interests and relationships in the management field, e-Government researchers have rather neglected the normative core of the theory. We show how value theory can improve normative foundations in this area to provide a focused analysis of four e-Government projects. We use a multiple …
Where Did the Money Go? Endogenous Money Creation for International Fraudulent Purposes - The Case of the 2015 Moldovan Banking Scandal
2015
On Monday 4 May 2015, the speaker of Parliament of the Republic of Moldova published the Kroll report on his Internet blog after thousands of people rallied on Sunday 3 May in the capital, Chisinau, to protest against endemic corruption in the country, and demand recovery of the missing billions in the Ilan Shor group scandal. The Kroll report aims at investigating the apparent theft of nearly one-fifth of the country's annual GDP. In a spectacular lender-of-last resort move, the Moldovan central bank was forced to issue some 16 billion lei ($870 million) in emergency loans to keep the economy afloat. The Kroll report focuses on three commercial banks that account for a third of the country…
Shifting to climate change aware cities to facilitate the city resilience implementation
2020
Abstract Climate change (CC) is one of the most urgent threats to modern societies, having direct and indirect consequences on the rapid growth of urban areas. Cities are attempting to both reduce their impact on the environment and build resilience to be able to face the irreversible effects of CC through plans and strategies. However, barriers, such as the fact that cities are complex systems and the uncertainty posed by CC have led to less engaged and committed city stakeholders, which have hampered the operationalisation of city resilience. In this context, developing city stakeholders awareness has been demonstrated to be an effective way to put an end to passive behaviour and help tra…
Stakeholders' Perceptions about Fire Impacts on Lithuanian Protected Areas
2016
The aim of this work is to study Lithuanian stakeholders' perceptions of fire impacts in protected areas. For this study, the stakeholders consisted of foresters, ecologists and farmers. A clear understanding of the opinions of stakeholders about fire effects on environmental, social and economic aspects of Lithuanian protected areas will allow an assessment of the stakeholders' reaction to fire policy, including government measures towards fire prevention, suppression and application of prescribed fire to landscape management. The results showed that stakeholders in general think that fire is not a threat to Lithuania and to the ecological processes in the protected areas. However, they ag…