Suchergebnisse

This study creates a new model using a knowledge management approach to rank nation-states. The goal of it is to create a more accurate ranking that takes into account a broad and balanced spectrum of attributes of the nation-states including both subsistent and super knowledge. A regional knowledge distribution curve has subsistent regional knowledge on the horizontal axis and super regional knowledge on the vertical axis. The paper then uses a four-essence regional knowledge model to choose four elements that are used to construct the factors for ranking. The study provides a ranking table that uses this new ranking system.

"This study examines the influence of institutional environment on capital structure and debt maturity choices by examining a cross-section of firms in 39 developed and developing countries. We find that a country's legal and tax system, the level of corruption and the preferences of capital suppliers explain a significant portion of the variation in leverage and debt maturity ratios. Our evidence indicate that firms in countries that are viewed as more corrupt tend to use less equity and more debt, especially short-term debt, while firms operating within legal systems that provide better protection for financial claimants tend to have capital structures with more equity, and relatively more long-term debt. In addition, the existence of an explicit bankruptcy code and/or deposit insurance is associated with higher leverage and more long-term debt. We also find that firms tend to use more debt in countries where there is a greater tax gain from leverage, while firms in countries with larger government bond markets have lower leverage, suggesting that government bonds tend to crowd out corporate debt. Countries with more extensive defined benefit pension funds have higher debt ratios and longer debt maturities, whereas those with more extensive defined contribution fund activities have lower debt ratios. In addition, debt ratios are lower in countries that limit the bond holdings of pension funds. Finally, we do not find a significant association between financing choices and the size of the insurance industry"--National Bureau of Economic Research web site

Family businesses across the globe face the same difficulty in planning long-term strategy. Combining the expertise of two consultants and academics from East and West, this book provides an international guide for family businesses, showing how to identify and implement the most effective governance strategies. It encourages business owners to consider their assets and the roadblocks that they may face, so that they will be well-placed to respond to day-to-day governance issues like the structure of corporate and family boards, and once-in-a-lifetime issues like the design of succession model and exit form. Packed with 30 new worldwide cases studies and practitioner interviews, this is the ultimate guide for family businesses who want to achieve long-term success and fulfilment.

"China's economic boom over the last two decades has taken many analysts by surprise, given the ongoing role of central government planning. Its current growth trajectory suggests that the size of its economy could soon surpass that of the United States. Some argue that continued growth and the expanding middle class will ultimately exert pressure on the government to bring about greater openness of the financial market. To better understand China's recent economic performance, this volume examines the distinctive system it has developed: "market socialism with Chinese characteristics." While its formal institutional makeup resembles that of a free-market economy, many of its practices remain socialist, including strategically placed state-owned enterprises that wield influence both directly and through controlled business groups, and Communist Party cells whose purpose is to maintain control of many segments of the economy. China's economic system, the contributors find, also retains many historical characteristics that play a central role in managing the economy. These and other issues are examined in chapters on China's financial regulations, corporate governance codes, bankruptcy laws, taxation, and disclosure rules."--Publisher's website.