Search results for "holder"
showing 10 items of 477 documents
Talune riflessioni sulla possibile integrazione tra strumenti informativi eterogenei per una comunicazione responsabile e trasparente tra azienda e s…
2011
La parziale divergenza di interessi tra gli shareholder nella formulazione della strategia aziendale
2020
La storia economica del secolo scorso ha mostrato come specializzazione del lavoro, da un lato, e la necessità di suddividere il rischio tra più investitori, dall’altro lato, abbiano spinto al “divorzio” o, meglio, alla separazione tra la proprietà e il controllo di molte aziende. Esplorando le conseguenze della separazione tra la proprietà e il controllo, gli studi di corporate governance, tradizionalmente, hanno messo in luce i possibili conflitti tra manager e azionisti, denominati conflitti principal-agent. Inoltre, gli studi precedenti hanno riconosciuto la distribuzione della proprietà come un meccanismo utile ad alleviare suddetti conflitti. Il presente capitolo discute criticamente …
Determinants to the Use of Business Process Modeling
2010
This article addresses a theoretical gap in the BPM literature on factors that influence the acceptance of process modeling (PM) in organizations. Literature review on PM and 34 qualitative interviews were combined into a PM acceptance model and empirically tested with data from 74 companies showing that PM is to a large extent a mandated activity, explaining the missing link between PM attitudes on PM intention. The study extends the TAM and the TPB to the context of process modeling and demonstrates that less studied socio-political factors in addition to awareness of PM are important to understand PM acceptance. The findings show that social influence from different stakeholder reference…
Future Development of an Energy-Efficient Electric Scooter Sharing System Based on a Stakeholder Analysis Method
2023
E-scooters as a new form of mobility are gaining more and more popularity. This popularity results from the flexibility of this mode of transport, but above all from the positive impact on the natural environment through the much higher energy efficiency of an e-scooter compared to a motor vehicle (according to the literature the rate is 2 km per kWh equivalent for a motor vehicle and the range is 90–100 km per kWh in the case of an e-scooter). This paper introduces a discussion on the future development of an energy-efficient electric scooter sharing system based on stakeholder analysis methods. The implementation of the e-scooter sharing system involves linking several areas of human acti…
Social Proximity and Environmental NGO Relationships in Corporate Sustainability Reports
2014
This study demonstrates how three Finnish companies constructed their stakeholder relationships with environmental NGOs (ENGOs) in terms of social proximity in their sustainability reports between 2003 and 2012. The study identifies five types of stakeholder relationship between ENGOs and corporations constructed in the reports: monetary, management system, collaborative, dialogue and conflicting. Within these relationships the level of constructed social proximity and level of trust vary. The results indicate that, within the 10 years we examined, a change has occurred in the ENGO relationships constructed in corporate sustainability reports: they have shifted from being non-stakeholder re…
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…
Corporate governance and firm performance: A comparative analysis of auditing problems
2006
The recent financial crises have created a new debate about comparison and convergence of different systems of corporate governance. In particular, they have underlined poor efficiency of rule structures to achieve a good relationship between different stakeholder’s rights. In line with many studies of corporate governance that emphasize the manager-stakeholders relationship as explained by agency theory, in this paper, I analyse the role of auditing as an incentive device to reduce contractual or transaction costs related to asymmetric information.Considering as a benchmark the recent US Sarbanes Oxley Act of July 2002. I describe a set of auditing principles by comparing common and civil …
Multiple Blockholders and Firm Value: A Simulation Analysis
2023
In this paper, we analyse the relationship between the distribution of ownership and firm value in the presence of multiple blockholders. In recent years, the topic has attracted the attention of many scholars. Yet, the empirical evidence on the relationship between the distribution of ownership among large shareholders and firm value has been non-conclusive and contradictory. We focus on the interaction between a controlling block of shareholders and a non-controlling block that can monitor the largest controlling block. We develop and simulate a simple model combining the two effects related to the presence of additional blockholders that can monitor the largest controlling block of share…