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Tailoring Compliance Risk and the Compliance Function for Non-Financial Organizations (A step further and beyond the Basel´s Proposal for Banks)

Apreda, Rodolfo - Universidad del CEMA - 2006

This paper contends that compliance risk and the compliance function are powerful devices to enhance corporate governance not only in banks but in any other organization as well. Firstly, it reviews the contribution made by the Bank for International Settlements (BIS), which pertains to...

Persistent link: https://www.econbiz.de/10005668713

How the logic and pragmatics of sinking funds play a part in corporate governance

Apreda, Rodolfo - Universidad del CEMA - 2007

This paper sets forth that sinking funds foster corporate governance, either when they intend to build up the principal of bonds and financial hybrids to be repaid at maturity date, or to plan ahead the purchase of fixed assets in the future. To lay foundations, firstly we expand on the logic of...

Persistent link: https://www.econbiz.de/10005668549

The Governance Slack Model. A Cash Flow Approach for the Budgeting and Accountability of some Corporate Governance Issues

Apreda, Rodolfo - Universidad del CEMA - 2002

This paper introduces a cash flow model to budget and monitor distinctive matters usually arising in corporate governance. By enlarging the standard cash flow model widely used in Finance, and avoiding some of its downsides, it sets up a composite of cash flows called governance slack, which...

Persistent link: https://www.econbiz.de/10005668663

Accountability and transparency as learning processes in private, public and global governance.

Apreda, Rodolfo - Universidad del CEMA - 2014

This paper argues that accountability in organizations should not be constrained to responsibilities alone, but it must also comprise the previous commitments without which responsibilities remain meaningless. It also asserts that transparency should not be merely predicated upon the production...

Persistent link: https://www.econbiz.de/10010933483

The governance-risk scoreboard

Apreda, Rodolfo - Universidad del CEMA - 2013

measures up governance performance but also provides with a rate of governance risks. Next, we argue for protocol that builds …

Persistent link: https://www.econbiz.de/10010668529

A two-tiered approach to the valuation of investment projects adjusted for governance risk

Apreda, Rodolfo - Universidad del CEMA - 2009

This paper sets forth a pair of distinctive contributions to the subject. In the first place, it provides a unified approach to capital investment decisions, by means of a two-tiered framework of analysis. Such approach consists in working out the net present value of the project by discounting...

Persistent link: https://www.econbiz.de/10005668514

Incremental cash flows, information sets and conflicts of interest.

Apreda, Rodolfo - Universidad del CEMA - 2002

This paper attempts to make of the standard incremental cash flow model (SICFM) a functional vehicle for coping with conflicts of interest. After outlining the model, residual rights to cash flows are linked to residual risks. Then, the underlying information sets to cash flows are brought to...

Persistent link: https://www.econbiz.de/10005668529

Stakeholders, transactional environments and conflict systems (mapping on why the founding charter compact becomes the mainstay of corporate governance)

Apreda, Rodolfo - Universidad del CEMA - 2007

In this paper we put forward an alternative approach to dealing with the Charter of any organization, that essential document which ought to be regarded as the mainstay of governance. In the first place, we show that an organization carries out its tasks by becoming a responsive mechanism to...

Persistent link: https://www.econbiz.de/10005668557

Cost of capital adjusted for governance risk through a multiplicative model of expected returns

Apreda, Rodolfo - Universidad del CEMA - 2008

This paper sets forth another contribution to the long standing debate over cost of capital, firstly by introducing a multiplicative model that translates the inner structure of the weighted average cost of capital rate and, secondly, adjusting such rate for governance risk. The conventional...

Persistent link: https://www.econbiz.de/10005668590

A primer on governance and performance in small and medium-sized enterprises

Yacuzzi, Enrique - Universidad del CEMA - 2005

This paper is a primer on corporate performance, corporate governance, and their interrelationships and measurement … research project. In the domain of performance measurement the paper describes the trend from financial to non … and corporate performance, with reference to both works on large firms and works on SMEs. …

Persistent link: https://www.econbiz.de/10005668618