The French banking company Societe Generale (SocGen) was founded on May 4, 1864, and at the time of writing this case is headed by co-CEOs Philippe Citerne and Daniel Bouton. The bank has grown to serve 19.2 million individual customers in 76 countries. It employs 103,000 workers from 114 different nationalities. SocGen operates in three…
Thisresearch examines the impact of board characteristics on financial performanceof listed companies in Sri Lanka. Therefore thisstudy answers the following questions. 1. What isthe relationship between board size & financial performanceof listed companies in Sri Lanka?2. What isthe relationship between board composition & financialperformance of listed companies in Sri Lanka?3. What isthe relationship between audit committee size & financialperformance…
Introduction Canada and China each have their own unique traits when it comes to their economic systems since each country’s system was a product of their history and their needs in the past. Comparison Both countries are considered well to do nations. Canada belongs to the top ten wealthiest nations while China is one of…
Introduction The application of change initiatives in business is as important as in any other branch of human activity. Sooner or later every company encounters necessity of applying changes in the organization due to changes that take place in the areas such as technology, corporate governance, evaluation of leadership competencies, and other concepts related to…
Demutualization:The process by which a mutual company becomes apublicly-traded company. A mutual company is a company owned by its members orusers for the benefit of those members or users. In demutualization, themembers give up their rights and receive shares in the company in return, whichthe (now former) members may then sell. Demutualization happens most often…
The cash registers seem to be ringing non-stop, with cryptocurrencies ruling the charts across the globe. Everyone seems to be hopping onto the bandwagon of cryptocurrencies, with a steady increase in the number of startups offering their own iterations of these virtual currencies. If you too are a company looking to cash in on this…
Introduction In 1970, the distinguished economics professor Milton Friedman wrote an essay in which he argued that the sole social responsibility of a company is to generate profit for its shareholders. Bejou (2011) notes that the core message that Friedman was advancing through his argument was that the primary responsibility of managers was to the…
In examining therelationship between contractual governance, relational governance on family firmfinancial performance, scholars Boateng, Wen, & Brew (2015) have investigateda study from a survey of 2432 management and non-management employees offamily businesses across China and Ghana. The study was confirming four main hypotheses,whether the level of contractual complexity has or has no effect on individualand…
This essay will be discussingthe benefits and downsides of profit maximisation, the principal agent problem,other objectives a firm should think about and also answer the question, isprofit maximisation the only objective of a firm.According to Duflo &Karlan 2012, economic theories have claimed that firms will do anything tomaximize their profit. In 2013, Nekipeloy stated that…
Abstract The relationship between corporategovernance mechanisms and firm performance has been a topic of interest in theresearch world for many years. Some researchers believe that the relationshipbetween these two variables is positive and others believe that corporategovernance has absolutely no impact on the performance of a firm. This study analyzesthe different theories on this subject,…
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