scholarly journals Structures of ownership and control in Spanish firms between 1997 and 2006

2008 ◽  
Vol 5 (2) ◽  
pp. 110-127
Author(s):  
Olga del Orden-Olasagasti ◽  
Aitor Garmendia-Lazcano
Keyword(s):  
Ownership Structure ◽  
Good Governance ◽  
Financial Systems ◽  
Research Article ◽  
And Control ◽  
Shed Light

When approaching the study of how financial systems carry out their role in the control of the good governance of enterprises, many articles of research have centred on the analysis of the ownership structure of these firms. Attempts have been made to see if differences exist, in the nature and degree of concentration of ownership, in the level of pressure and control exercised over the managers and the repercussion of all this on the manner of managing the business. The intention of our research article is to shed light on the development of the structures of ownership and control in Spanish enterprises between 1997 and 2006, and their possible influence on the results of these enterprises

scholarly journals Mechanical single-molecule potentiometers with large switching factors from ortho-pentaphenylene foldamers

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
Jinshi Li ◽  
Pingchuan Shen ◽  
Shijie Zhen ◽  
Chun Tang ◽  
Yiling Ye ◽  
...  
Keyword(s):  
Charge Transport ◽  
Single Molecule ◽  
Scanning Tunneling ◽  
Tunneling Microscopy ◽  
Helical Structures ◽  
Anchoring Groups ◽  
Molecular Conductance ◽  
And Control ◽  
Helical Molecules ◽  
Shed Light

AbstractMolecular potentiometers that can indicate displacement-conductance relationship, and predict and control molecular conductance are of significant importance but rarely developed. Herein, single-molecule potentiometers are designed based on ortho-pentaphenylene. The ortho-pentaphenylene derivatives with anchoring groups adopt multiple folded conformers and undergo conformational interconversion in solutions. Solvent-sensitive multiple conductance originating from different conformers is recorded by scanning tunneling microscopy break junction technique. These pseudo-elastic folded molecules can be stretched and compressed by mechanical force along with a variable conductance by up to two orders of magnitude, providing an impressively higher switching factor (114) than the reported values (ca. 1~25). The multichannel conductance governed by through-space and through-bond conducting pathways is rationalized as the charge transport mechanism for the folded ortho-pentaphenylene derivatives. These findings shed light on exploring robust single-molecule potentiometers based on helical structures, and are conducive to fundamental understanding of charge transport in higher-order helical molecules.

scholarly journals The Role of Specialized Civil Society in Challenge Corruption with Glance to I.R.I

2017 ◽  
Vol 7 (3) ◽  
pp. 174
Author(s):  
AmirNezam Barati ◽  
Ali Babayee Mehr ◽  
Mohsen Sharifi
Keyword(s):  
Civil Society ◽  
Rule Of Law ◽  
Good Governance ◽  
Efficiency And Effectiveness ◽  
United Nations Convention ◽  
The Law ◽  
In Transit ◽  
And Control ◽  
Civil Societies

Combating against corruption is one of the most important factors for establishing Good Governance. Corruption is a social, political and economic phenomenon that defect the democratic institutions and stop establishing good governance. This study using analytical – descriptive, analyses the role of civil society in combat corruption with glance to I.R.IFindings of this study show that the role of special civil societies has remarkable efficiency and effectiveness in combat corruption. In challenging corruption different actor such as government, private sector and specialized civil society have function, but the role of civil societies is more effective than others.In relating to the I.R.I actions against corruption, the country enacted different laws such as the law of access to information, the Law of United Nations Convention against Corruption and this process will send a clear message that the country is determined to prevent and control corruption. In pathology of corruption in I.R of Iran the concentration on fighting against corruption, is concentrated on "The Staff of Combat against Economic Corruption" and civil society don’t have effective or remarkable role to fight against this abnormality and this Staff is most important centers to harmonize the actions against corruption. Finally, the most important causes of corruption in every developing Nations in Transit such as Iran are big government and interference of Government in economy, the weakly embedded rule of law, the ineffective and inefficient of government policy, lack of accountability and institutional transparency.

scholarly journals Reshaping Authorial Presence in Translations of Research Article Abstracts

2021 ◽  
Vol 18 (1) ◽  
pp. 169-186
Author(s):  
Tadej Pahor ◽  
Martina Smodiš ◽  
Agnes Pisanski Peterlin
Keyword(s):  
Linguistic Differences ◽  
Rhetorical Patterns ◽  
Academic Texts ◽  
Research Article ◽  
English Translations ◽  
Five Disciplines ◽  
Research Findings ◽  
Rhetorical Dimension ◽  
Academic Communication ◽  
Shed Light

In multilingual settings, the abstract is the only part of the research article that is regularly translated. Although very brief, abstracts play an important role in academic communication, as they provide immediate access to research findings. Contrastive research has revealed considerable cross-linguistic differences in the rhetorical patterns of abstracts. The present paper focuses on how this variation is bridged in translation, by addressing an important rhetorical dimension of academic discourse, authorial presence. Specifically, it examines how authorial presence is reshaped in translated abstracts. An analysis of a small corpus of 150 Slovene research article abstracts from five disciplines and their English translations reveals several interesting types of recurring translators’ interventions, most notably the tendency to replace personal authorial references with impersonal structures. Data collected in interviews with four experienced translators of academic texts is used to shed light on potential reasons for interventions with authorial presence in translation.

scholarly journals Evolution of ownership and control in Italian IPO firms

2008 ◽  
Vol 6 (2) ◽  
pp. 312-333 ◽  
Author(s):  
Silvia Rigamonti
Keyword(s):  
Cash Flow ◽  
Ownership Structure ◽  
Voting Rights ◽  
Set Up ◽  
Cash Flow Rights ◽  
And Control

This article examines the evolution of ownership of cash flow rights and control of voting rights of firms that went public in Italy over the period 1985-2005. At the IPO, the ownership structure does not evolve towards a dispersed one. Even 10 years after the flotation, the initial ultimate shareholder retains the majority of voting rights. Though control is valuable, original owners do not systematically set up structures that dissociate cash flow from voting rights.

scholarly journals ANALYSIS OF FINANCIAL PERFORMANCE BEFORE AND AFTER STREAMLINING THE MANAGEMENT STRUCTURE OF THE STIE MUJAHIDIN TOLITOLI

2019 ◽  
Vol 1 (2) ◽  
pp. 8-16
Author(s):  
Andhy Saputra ◽  
Ijma Ijma
Keyword(s):  
Financial Performance ◽  
Quantitative Research ◽  
Good Governance ◽  
Primary Data ◽  
Research Approach ◽  
Tertiary Institution ◽  
Tertiary Institutions ◽  
Before And After ◽  
And Control ◽  
Profitability Ratios

Good governance of private tertiary institutions is a series of mechanisms to direct and control a tertiary institution so that it runs in accordance with the expectations of all interested parties, by applying the principles of transparency, accountability, responsibility, fairness, independence, equality and fairness. This study aims to determine and analyze the financial performance of STIE Mujahidin Tolitoli in terms of liquidity ratios, solvency ratios, activity ratios and profitability ratios. The study uses a quantitative research approach design by analyzing primary data. Based on the results of research and discussion it can be concluded that the financial performance condition of STIE Mujahidin Tolitoli in terms of Liquidity, Solvency, Activity and Profitability aspects after streamlining the manager structure has increased in value which can be interpreted that the financial performance after streamlining the manager structure is better than before because the value continues to increase and is above the industry average standard.

scholarly journals Ownership Structure and earnings management: Empirical evidence from listed pharmaceuticals and chemical firms of Bangladesh

2020 ◽  
Vol 5 (2) ◽  
pp. 58-69
Author(s):  
Dewan Azmal Hossain
Keyword(s):  
Earnings Management ◽  
Empirical Evidence ◽  
Ownership Structure ◽  
Good Governance ◽  
Foreign Ownership ◽  
Jel Classification ◽  
Financial Information ◽  
Least Square ◽  
The Relationship

Objective – This study aims to examine the relationship between ownership structure (determined by institutional and foreign ownership) and earnings management in the context of Bangladeshi Pharmaceuticals and Chemical firms. Methodology/Technique – Out of 32 listed firms, this study examined 29 firms from the pharmaceuticals and chemical industry of Bangladesh from 2014 to 2018. Three firms are omitted as they got listed in 2018 and 2019 respectively. This study uses discretionary working capital accrual to measure earnings management that is the dependent variable. Ordinary least square regression analysis is conducted to assess the result of this study. Institutional and foreign ownership are independent variables. ROA, size, cash flow from operation, and leverage are control variables. Findings – It is found that institutional ownership is negatively related to earnings management and foreign ownership is positively related to earnings management but none of them are statistically significant indicating institutional and foreign ownership do not help in resolving or reducing the earnings management problems in the context of Bangladeshi pharmaceuticals and chemical firms. Novelty – Previous studies in Bangladesh deal only with the techniques of earnings management. To my knowledge, it is the first study that tries to assess the relationship of ownership structure defined by institutional and foreign shareholdings with earnings management in the context of Bangladeshi pharmaceuticals and chemical firms. These two ownership patterns are selected because they are supposed to increase the quality of financial information and also because in Bangladesh state and general shareholders are too dispersed to monitor the governance issues. The practical implications of this study is that investors should not consider institutional and foreign ownership percentage as a determining factor of good governance when considering investment decisions rather should look for other firm-specific factors as institutional and foreign shareholders are found to be inactive in increasing the quality of financial information in the context of Bangladesh. Policymakers should identify why institutional and foreign shareholders are not active and should revise the governance mechanisms accordingly. Type of Paper: Empirical Keywords: Ownership structure; Institutional Shareholdings; Foreign Shareholdings; Earnings Management; Bangladesh. Reference to this paper should be made as follows: Hossain, D.A. 2020. Ownership Structure and earnings management: Empirical evidence from listed pharmaceuticals and chemical firms of Bangladesh, J. Fin. Bank. Review, 5 (2): 58 – 69 https://doi.org/10.35609/jfbr.2020.5.2(3) JEL Classification: G40; G41; G49.

scholarly journals How does the governance of the executive branch operate in democratic Brazil? An analysis of the Center of Government

2020 ◽  
Vol 28 (75) ◽  
Author(s):  
Pedro Luiz Costa Cavalcante ◽  
Alexandre de Ávila Gomide
Keyword(s):  
Good Governance ◽  
Political Stability ◽  
Executive Branch ◽  
Critical Perspective ◽  
Governance Arrangement ◽  
Joint Research ◽  
Political Aspect ◽  
Joint Research Project ◽  
Priority Policy ◽  
Shed Light

ABSTRACT Introduction: This paper aims to analyze how the Center of Government (CoG) operates as units responsible for conducting the presidential agenda in contemporary Brazil. Materials and Methods: The study applied the theoretical approach of CoG as a governance arrangement and used qualitative and quantitative data to reach its objective. Besides the bibliographic review on the literature and official documents, the study synthesizes and deepens empirical data and information from a joint research project covering the period of political stability in Brazil, from 1995 to 2014, when elected presidents ended their terms. Results: The empirical findings confirm that CoG is a flexible and dynamic phenomenon. It puts a critical perspective on the normative “good governance” approach that overvalues its technical dimension and neglects its political aspect. Discussion: The inquiry results shed light on the importance of the relation between politics and policy, by demonstrating that CoG’s configuration and functions vary due to multiple causes, each president’s priority policy agenda is implemented with different strategies and; the prioritized policies follow a unique coordination logic inside the Brazilian federal government.

Austerity and budget execution: control versus flexibility

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ringa Raudla ◽  
James W. Douglas
Keyword(s):  
Budget Process ◽  
Public Budgeting ◽  
Content Type ◽  
The Public ◽  
Execution Phase ◽  
Control Versus ◽  
Elite Interviews ◽  
And Control ◽  
Budget Execution ◽  
Shed Light

PurposeHow does the era of austerity affect flexibility and control in budget implementation? The execution phase of the budget has remained underexplored in the budgeting literature. Theoretically, a crisis and austerity period may trigger changes in budget execution in one of two key directions: either toward greater control or greater flexibility. This paper seeks to uncover which outcome is more likely.Design/methodology/approachThe authors conducted elite interviews of key officials involved in the budget execution phases in two European countries: Portugal and Austria.FindingsThe cases demonstrate that the experience of a fiscal crisis and period of austerity tend to lead to greater control and constrained flexibility in budget execution.Originality/valueThe execution phase of the budget process has remained underexplored in the public budgeting literature, and there has been only limited discussion on how the experience of austerity affects it. This empirical study of Portugal and Austria helps to shed light on that question.

Night and Organization Studies

2019 ◽  
Vol 40 (10) ◽  
pp. 1513-1527
Author(s):  
Monika Müller
Keyword(s):  
New Materialism ◽  
Historical Overview ◽  
Human Beings ◽  
Organization Studies ◽  
Time Space ◽  
And Control ◽  
Shed Light

In this essay, I want to shed light on the phenomena of night and nightwork as important topics which have been so far overlooked in organization studies. Inspired by insights of new materialism (Barad), I propose and investigate night as ‘time-space’, and present intertwined dimensions (temporal, spatial, social, material, etc.) of intra-actions between human beings and night. To better understand our intra-actions and entanglements with night, I provide a short historical overview which highlights past attempts to turn nightwork, once a forbidden and ungodly occupation, into a common and laudable one. I then discuss current efforts to manage and control certain dimensions of night (temporal/material and spatial/social) as well as aspects of night and nightwork that are not entirely manageable. The essay advocates going beyond traditional ontological dualisms by stressing our entanglements and intra-actions with night, thus advancing our understanding of nightwork, related bodily limitations and resistance at night. These topics call for further studies of organizations and work at night.

scholarly journals Complexity and corporate governance: an analysis of companies listed on the BM&FBOVESPA

2017 ◽  
Vol 28 (74) ◽  
pp. 213-228 ◽  
Author(s):  
Renata Rouquayrol Assunção ◽  
Márcia Martins Mendes De Luca ◽  
Alessandra Carvalho de Vasconcelos
Keyword(s):  
Corporate Governance ◽  
Inverse Relationship ◽  
Good Governance ◽  
Statistical Tests ◽  
Two Dimensions ◽  
Organizational Characteristics ◽  
Organizational Complexity ◽  
Governance Practices ◽  
And Control ◽  
The Relationship

ABSTRACT In light of the need to develop mechanisms of control, protection, and transparency regarding the relationships between principal and agent, and with the aim of eliminating or reducing the agency problem, corporate governance has emerged. Based on Agency Theory, separation of ownership and control of activities derives from the complexity of organizations. In this context, this study aims to analyze the relationship between dimensions of complexity and corporate governance in companies listed on the São Paulo Stock, Commodities, and Futures Exchange (BM&FBOVESPA), in which contingency factors might influence organizational characteristics. The investigation gathers data from a sample of 162 companies listed on the BM&FBOVESPA. The following statistical tests were used in the data analysis: Factor Analysis, Multiple Linear Regression, Correspondence Analysis, and Correlation Analysis. For measuring complexity, contingency variables such as age, size, diversification, and internationalization were adopted; and, to assess corporate governance, a representative index of the adoption of good governance practices was used. The results show that organizational complexity is explained by the size and diversification variables, whereas operational complexity is explained by the size, diversification, and internationalization variables. It was observed that in the two dimensions of complexity - organizational and operational - corporate governance was influenced by the diversification, internationalization, and age variables, with the latter involving an inverse relationship. It is concluded that companies displaying more complexity, in its two dimensions, record a higher level of corporate governance, which confirms the research hypothesis.

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