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Intellectual capital has become the leading resource for creating economic value and there are an important number of publications focused on this area of research. In spite of the interest for this area of research, the existence of different terms regarding intellectual capital makes the...
Persistent link: https://www.econbiz.de/10011255200
responsibility, governance and corporate reputation. Based on empirical study and extensive literature review, this book presents … imperative tool to combat white-collar crime and build corporate reputation. …
Persistent link: https://www.econbiz.de/10010883060
Corporate self-regulation is a crucial non-market strategy, and has generally been understood as a response to regulatory threats. However, self-regulation can also influence the nature of regulatory threats, especially when firms have private information about their costs of abatement. We study...
Persistent link: https://www.econbiz.de/10011096390
This paper seeks to draw attention to a flaw in the firm’s Free Cash Flow model and related statement widely accepted in Corporate Finance. We argue that the common offset of any Current Liabilities against Current Assets distorts the FCF size, composition, and volatility, thereby misstating...
Persistent link: https://www.econbiz.de/10010544669
The breakdown of the financial markets in fall 2007 and the following debt crisis in the EU has produced an enormous mistrust in financial products and the monetary system. The paper describes the background of the crisis induced by functional failures in risk management and the multifold...
Persistent link: https://www.econbiz.de/10010741783
The breakdown of the financial markets in fall 2007 and the following debt crisis in the EU has produced an enormous mistrust in financial products and the monetary system. The paper describes the background of the crisis induced by functional failures in risk management and the multifold...
Persistent link: https://www.econbiz.de/10011274689
In this paper we introduce concepts that build a theoretical notion of reputation risk and establish the need to extend … our approach to managing such risk.. The existing literature on reputation risk has tended to be reactive and focus on … corrosive may present an occasion for creative management. We suggest that proactive reputation risk policies and practices are …
Persistent link: https://www.econbiz.de/10010746546
We examine the convertible bonds whose conversion prices can be reset under certain conditions, by extending the asymmetric information framework of Stein (1992). These convertibles are more common in Japan and China and are in sharp contrast with the convertible bonds with fixed conversion...
Persistent link: https://www.econbiz.de/10010636263
This article extends the theory of corporate risk management to encompass highly dynamic risks. Taking Viscusi'�s (1989) prospective reference from the context of individual decision making and applying it to a corporate context we propose a theory of how corporations process new information....
Persistent link: https://www.econbiz.de/10005789691
The significance of organisational risk management has grown ostensibly during recent decades, and this is true regarding for-profit organisations and public entities alike. There are, however, unique traits that characterise risk analysis and risk management as applied in the public sector,...
Persistent link: https://www.econbiz.de/10011251911