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document which ought to be regarded as the mainstay of governance. In the first place, we show that an organization carries out … the Charter as a compact of regulatory and discretionary governance, comprised not only by the articles and certificate of … incorporation, but also internal bylaws of the organization, the Statute of Governance, the Code of Good Practices, and provisions …
Persistent link: https://www.econbiz.de/10005668557
This paper sets forth that governance brokerage can be regarded as a natural outgrowth of the actual practice of … Corporate Governance. To lay the foundations of our subject, firstly we delve into the dual nature of any transaction. Then we … move on to define what the expression “governance broker” means, underlining five professional arrangements from which …
Persistent link: https://www.econbiz.de/10005668804
prime linkage between accountability and transparency in the building of private, public and global governance. …
Persistent link: https://www.econbiz.de/10010933483
State-owned enterprises set a clear example of a mixed governance, in which the public and private realms blend … together to bring about a complex structure we are going to define as dual governance. This paper puts forth a new design of … governance for state-owned banks. Firstly, the whole subject is framed within the transaction costs approach to financial …
Persistent link: https://www.econbiz.de/10005668832
The pricing of financial assets, this paper contends, it does not consist only in assessing a technical value from a valuation model and then calibrating such value by looking at the market. In order to sharpen up this complex process we are going to handle, firstly, a valuation procedure that...
Persistent link: https://www.econbiz.de/10008462334
The paper provides evidence on what affects at the margin the cost and availability of bank credit for firms in Argentina. We study in particular how banks use different pieces of private and public information to screen firms and overcome informational asymmetries in the credit market. Some...
Persistent link: https://www.econbiz.de/10005668752
conveying opaque governance, whereas its good one amounts to interesting financial engineering. Firstly, the notion of opaque … governance is highlighted, to focus next on SPVs and their governance. Afterwards, the paper delves into collateralized debt …
Persistent link: https://www.econbiz.de/10009652956
Governance risks stem from the own governance of any organization. The paper puts forward an operational viewpoint of … those risks, by mapping the most distinctive categories of governance analysis onto time-dependent governance variables … the risky positions carried out by governance variables, tracking them down onto their natural drivers, the incremental …
Persistent link: https://www.econbiz.de/10009360283
When Minsky put forward his financial instability hypothesis, he resorted – among other macroeconomic tools of analysis – to categories like income, balance-sheet, and portfolio cash flows, so as to cope with the successive stages of hedging, speculative and Ponzi schemes. This paper makes...
Persistent link: https://www.econbiz.de/10010839355
cash-flow structure. Secondly, it focuses on some governance attributes depicted by patronage dividends in their quest for … both governance risks and costs whenever these organizations increase in size and scope. …
Persistent link: https://www.econbiz.de/10010839366