Showing 1 - 10 of 32
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
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
Para superar la crisis de delegación y avanzar hacia nuevas etapas de desarrollo que faciliten la separación de la propiedad y el control, las Empresas Familiares necesitan realizar la consolidación de las instituciones de gobierno corporativo y familiar. En este trabajo progresamos sobre...
Persistent link: https://www.econbiz.de/10009652957
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
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
The purpose of this paper is to set out the Enron’s demise into the perspective of Corporate and Global Governance. To accomplish this target, the incremental cash flow model is expanded to give room for governance issues, while a functional introduction to information sets is developed,...
Persistent link: https://www.econbiz.de/10005668589
This paper argues that special purpose vehicles, SPVs, are two-edged financial constructs whose bad edge consists in 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...
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. Afterwards, risks conveyed by the latter are measured...
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
Members of cooperatives are patrons and owners simultaneously, which turns out to be a consequential feature ingrained in that sort of business associations. This paper puts forward some contributions to the subject. Firstly, it defines a primary cooperative, making hence a contrast with...
Persistent link: https://www.econbiz.de/10010839366