Open Access. Powered by Scholars. Published by Universities.®

Business Commons

Open Access. Powered by Scholars. Published by Universities.®

Articles 1 - 30 of 32

Full-Text Articles in Business

Regional Trade Agreements And Compliance To Wto Rules, Kevin Dalglish P. Dec 2012

Regional Trade Agreements And Compliance To Wto Rules, Kevin Dalglish P.

Kevin Dalglish P.

The multilateral trading system existed first as the GATT from 1947 to 1994 and then as the WTO since 1995. Regional Trade Agreements (“RTAs”), defined as “a free-trade agreement, customs union or common market consisting of two or more countries” , however, began coming into their own only in the 1990s. Before that, there were virtually no such agreements until 1970 and less than 50 in 1990. This suggests that greater reduction in trade barriers (both tariff and non-tariff) was achieved in the earlier rounds of the GATT, which precluded the need for countries to resort to RTAs. Once, however, …


Pemanfaatan Dana Migas (Migas Fund) Untuk Ketahanan Energi (Energy Security) Sebagai Alternatif Pengembangan Industri Hulu (Upstream) Migas Nasional, Zulkifli Rangkuti Dr. Nov 2012

Pemanfaatan Dana Migas (Migas Fund) Untuk Ketahanan Energi (Energy Security) Sebagai Alternatif Pengembangan Industri Hulu (Upstream) Migas Nasional, Zulkifli Rangkuti Dr.

Zulkifli Rangkuti

No abstract provided.


Standing Order Operations In The Banking Industry, George E. Ekeha Sep 2012

Standing Order Operations In The Banking Industry, George E. Ekeha

George E Ekeha

Standing order operations by the bank is a system by which customers instruct the bank to make systematic payments on behalf of the customer to a third party. This arrangement must be control and managed by the customer. The customer must have the sole right to cancel this arrangement from his bank at any time he wishes. Unfortunately however, this is not the situation with some banks in Ghana. In this article we outline an experience of a customer of Ecobank regarding the operation of standing order.


Peranan Pendidikan Dalam Menciptakan Generasi Berkarakter, Zulkifli Rangkuti Sep 2012

Peranan Pendidikan Dalam Menciptakan Generasi Berkarakter, Zulkifli Rangkuti

Zulkifli Rangkuti

No abstract provided.


Mortgage Securitization 666: The Crime That Took Place - Jpmorgan Chase And Its Wamu Customers, Symphony Music Sep 2012

Mortgage Securitization 666: The Crime That Took Place - Jpmorgan Chase And Its Wamu Customers, Symphony Music

Symphony Music

This description of the crime that Chase participates in as it proceeds with its foreclosure activities is necessary because the banking industry is misleading the judicial system about important financial aspects of today’s home loan mortgages. This is an initial attempt to describe the crime, including references to La Cosa Nostra and the crime families.


Fraud Prevention In Nigeria: Applying The Forensic Accounting Tool, Professor Ben C Osisioma Jul 2012

Fraud Prevention In Nigeria: Applying The Forensic Accounting Tool, Professor Ben C Osisioma

Prof Ben Chuka Osisioma

The spate of global scandals and corporate misadventures that began with the energy giant, Enron in the years 2000 to 2002, the Asian Financial Crisis of 1997/98, and the global Financial Meltdown of 2008, rocked the accountancy profession and sharply drew attention to the need for the profession to re-invent itself and re-define its focus in the new millennium. Accounting practitioners world-wide, have tested the limits of creative accounting, and the verdict of the marketplace is that the era of sharp and unwholesome practices are over for good. Part of the professional response to challenge of this era, is the …


Slideshow: Bank Monopoly Power In The Usa, Symphony Music Jun 2012

Slideshow: Bank Monopoly Power In The Usa, Symphony Music

Symphony Music

Slideshow about US bank monopoly power. A distilled history of banking evolution to what it is today and the shift away from the Public Trust. Includes the bank's tactical response strategy.


Slideshow: Participants In A Securitization, Symphony Music Jun 2012

Slideshow: Participants In A Securitization, Symphony Music

Symphony Music

Presentation outlining the roles of Securitization participants and the banking "front" that undermines regulations and creates the fraud.


Mortgage Securitization 550: Ultimate Insider Appendix - Research For Future Tongue-In-Cheek Mortgage & Disclosure Issues, Symphony Music Jun 2012

Mortgage Securitization 550: Ultimate Insider Appendix - Research For Future Tongue-In-Cheek Mortgage & Disclosure Issues, Symphony Music

Symphony Music

Tongue in Cheek disclosure of bank actual statements


Mortgage Securitization 426 Working Paper: Is It An Insurance Product?, Symphony Music Jun 2012

Mortgage Securitization 426 Working Paper: Is It An Insurance Product?, Symphony Music

Symphony Music

This discussion highlights informed interaction between two knowledgeable parties about whether the residential mortgage asset backed securitization process involves the creation of an insurance product. Although an initial conclusion reached by an Insurance Examiner that it is not “insurance,” that same Examiner opened the door that it could be viewed as “insurance.” If it is determined that insurance is involved, the obligation to collect taxes falls onto the Connecticut State Department of Revenue Services, the requirement to collect balance sheets falls onto the Insurance Department, and the decision to prosecute originators for perpetuating a fraud on bank loan consumers falls …


Slideshow: Case Study- Jpmorgan Chase & Washington Mutual, Symphony Music, Melody Singer Jun 2012

Slideshow: Case Study- Jpmorgan Chase & Washington Mutual, Symphony Music, Melody Singer

Symphony Music

Slideshow of how Chase took advantage of its actions to take property from American Homeowners.


Mortgage Securitization 550: The Ultimate Insider Game - Observations About What Happened - A Time Line Of Actions And Speculation About Motivation., Symphony Music Jun 2012

Mortgage Securitization 550: The Ultimate Insider Game - Observations About What Happened - A Time Line Of Actions And Speculation About Motivation., Symphony Music

Symphony Music

This is the story of Chase1, the venerable old line bank, and how it used its dominant market influence in the decade leading up to 2012 to originate and acquire mortgage loans, how it forced individual homeowners to pay high rates, and how it ultimately began to steal the home equity away from hard-working homeowners and their families. It is also the story about how the largest US banks combined their anti-competitive behavior and took from residents in all States. As illustrated by the chain of events described below for a situation in Connecticut, Chase's attitude and actions never reflect …


Slideshow: Where Is A Default In A Securitization?, Symphony Music Jun 2012

Slideshow: Where Is A Default In A Securitization?, Symphony Music

Symphony Music

There is no "default" in a securitized mortgage loan. The loan is paid off ab initio and the existence of the note is fabricated from paid off balances for the convenience of the originators who didn't think through the foreclosure process.


La Transparencia En La Protección De Datos Personales, Bruno L. Costantini García May 2012

La Transparencia En La Protección De Datos Personales, Bruno L. Costantini García

Bruno L. Costantini García

La Transparencia en la Protección de Datos Personales, ponencia elaborada dentro de los trabajos del VII Congreso Nacional de Organismos Públicos Autónomos (OPAM)


Slideshow: Financial System Failure!, Symphony Music May 2012

Slideshow: Financial System Failure!, Symphony Music

Symphony Music

The unintended result of Federal Reserve Bank and Commercial Bank policy mixed in with the good intentions of securitized assets ended up: 1) stealing from all consumers, and; 2) economically disrupting every level of society.


Sustainable Management Analysis Of Biodisel Utilization In Jakarta And It’S Sorrounding, Dr. Zulkifli Rangkuti May 2012

Sustainable Management Analysis Of Biodisel Utilization In Jakarta And It’S Sorrounding, Dr. Zulkifli Rangkuti

Zulkifli Rangkuti

No abstract provided.


Mortgage Securitization 420: Town Hall Complicity In Bank Fraud? The Contributory Role Of Local Land Registration Offices And A Solution., Symphony Music Apr 2012

Mortgage Securitization 420: Town Hall Complicity In Bank Fraud? The Contributory Role Of Local Land Registration Offices And A Solution., Symphony Music

Symphony Music

The process of residential mortgaged backed securitization has made many Local residents pay much more in relative interest costs than has ever been the case in the past 20 years. This article describes the involvement of the local recorder of deeds in extending the fraud against consumers.


Analysis Of Economical Project Development Of Land Fuel Storage In Oil & Gas Upstream Industry” Case Study Gasoline Filling Depot In Jambi Province, Dr. Zulkifli Rangkuti Apr 2012

Analysis Of Economical Project Development Of Land Fuel Storage In Oil & Gas Upstream Industry” Case Study Gasoline Filling Depot In Jambi Province, Dr. Zulkifli Rangkuti

Zulkifli Rangkuti

No abstract provided.


Why Do U.S. Securities Laws Matter To Non-U.S. Firms? Evidence From Private Class-Action Lawsuits, Amar Gande, Darius P. Miller Apr 2012

Why Do U.S. Securities Laws Matter To Non-U.S. Firms? Evidence From Private Class-Action Lawsuits, Amar Gande, Darius P. Miller

Amar Gande

A continuing controversy is whether U.S. securities laws are enforced against foreign firms, since public enforcement actions by the SEC are infrequent and often result in insignificant penalties. We examine private enforcement actions of U.S. securities laws and find that 269 securities class-action lawsuits were filed against foreign firms from 1996 to 2008. We document the severity of the penalties imposed on foreign firms and show that while firms paid a total of $9 billion to settle lawsuits brought against them, the monetary penalties levied by the market are even larger. During the three-day period surrounding the lawsuit filing date, …


Mortgage Securitization 401: Household, Bank, And Investor Exposure Surrounding Disputes., Symphony Music Mar 2012

Mortgage Securitization 401: Household, Bank, And Investor Exposure Surrounding Disputes., Symphony Music

Symphony Music

(This material was prepared by a mortgage securitization geek but simplified to make it straightforward for smart people to understand. This material should be exciting for those who want to discover why the financial banking system no longer works. Mortgage securitization is about nuance. To understand what drives the actions of banks, and sometimes why regulators are missing the picture, many finer nuances of mortgage securitization must be understood. This Memorandum is an attempt to identify common structural realities and the implication for business associated with those realities)


Las Pymes A Través Del Mercado De Valores En El Perú: Una Visión Comparada Con España, John Pineda Galarza Feb 2012

Las Pymes A Través Del Mercado De Valores En El Perú: Una Visión Comparada Con España, John Pineda Galarza

John Pineda Galarza

En el presente Working Paper se pone en evidencia el problema por el que atraviesan las medianas empresas, que como parte de su crecimiento en el mercado buscan una forma alternativa de financiación. En ese contexto, se plantea como alternativa al mercado bursátil a través de emisiones de Instrumentos de Corto Plazo; sin embargo, aunque a la fecha existen medianas empresas financiándose por esta modalidad aun no hay muchos inversionistas interesados en adquirir estos valores echando por tierra el tiempo e inversión realizada por estas empresas. En el presente artículo de investigación se analizan los principales problemas identificando a los …


Aspectos Generales Dela Publicidad En México. "La Publicidad De Productos, Servicios, Y Actividades Reguladas Por La Ley General De Salud", Bruno L. Costantini García Feb 2012

Aspectos Generales Dela Publicidad En México. "La Publicidad De Productos, Servicios, Y Actividades Reguladas Por La Ley General De Salud", Bruno L. Costantini García

Bruno L. Costantini García

Introducción a las generalidades de la regulación en materia de publicidad de insumos para el consumo humano (salud) en México.


Relevance Of Discretionary Accruals Information (Dai) In Ohlson Model: The Case Of Mexico, Rocío Durán-Vázquez, Arturo Lorenzo-Valdés, Juan Manuel San Martín-Reyna Jan 2012

Relevance Of Discretionary Accruals Information (Dai) In Ohlson Model: The Case Of Mexico, Rocío Durán-Vázquez, Arturo Lorenzo-Valdés, Juan Manuel San Martín-Reyna

Journal of Entrepreneurship, Management and Innovation JEMI

This study applied the modified Jones´ model (1991) for selected companies of Mexico. This model aims to assess the impact of Discretionary Accrual Information (DAI) on financial reporting statements, in order to identify the value relevance of “earnings quality”. We applied methodological criteria of Chung et al (2005) and Mukit & Iskandar (2009). We analyzed financial information of the 35 stock included in the Index of Prices and Quotations (IPC) of the Mexican Stock Exchange (BMV) for the period 2000 to 2011. 19 companies met the specifications of the model, for 48 quarters of information. The analysis was done in …


Trust After The Global Financial Meltdown, P. Werhane, Laura Hartman, D. Bevan, K. Clark, C. Archer Jan 2012

Trust After The Global Financial Meltdown, P. Werhane, Laura Hartman, D. Bevan, K. Clark, C. Archer

Laura Hartman

Over the last decade, and culminating in the 2008 global financial meltdown, there has been an erosion of trust and a concomitant rise of distrust in domestic companies, multinational enterprises, and political economies. In response to this attrition, this paper presents three arguments. We propose that the stakes of violating public trust are particularly high in light of the asymmetry between trust and distrust; we identify a constellation of key barriers to overcoming distrust that companies face in the current environment; and we argue that, notwithstanding these challenges, these phenomena are not fatal and can be addressed through a holistic …


Dividend Policy As A Signaling Mechanism Under Different Market Conditions: Evidence From The Casablanca Stock Exchange, Omar Farooq, Siham Saoud, Samir Agnaou Jan 2012

Dividend Policy As A Signaling Mechanism Under Different Market Conditions: Evidence From The Casablanca Stock Exchange, Omar Farooq, Siham Saoud, Samir Agnaou

Omar Farooq

Does the signaling value of dividend policy depend on market conditions? Do investors respond to dividend policy differently in different periods? This study answers these questions by using a sample of firms from the Casablanca Stock Exchange during the period between 2003 and 2007. We find a significantly negative relationship between dividend payout ratio and stock price volatility during the stable growth period. We also show a significantly positive relationship between dividend payout ratio and stock returns during the same period. However, this relationship turns insignificant during the high growth period. One of the reasons for our results may be …


Effect Of Corporate Governance Mechanisms On The Relationship Between Legal Origins And Cost Of Debt: Evidence From The Middle East And North Africa (Mena) Region, Omar Farooq, Mohamed Derrabi Jan 2012

Effect Of Corporate Governance Mechanisms On The Relationship Between Legal Origins And Cost Of Debt: Evidence From The Middle East And North Africa (Mena) Region, Omar Farooq, Mohamed Derrabi

Omar Farooq

How do differences in country-level governance and enforcement mechanisms affect firms? Using a large dataset from the MENA region, we document that differences in legal traditions translate into differences in cost of debt. Our results show that firms headquartered in the common law countries have lower cost of debt than firms headquartered in the civil law countries. Our results also show that bulk of the difference in cost of debt between firms headquartered across the two legal regimes can be explained by the corporate governance mechanisms. Our results have implication for firms in the civil law countries in a way …


Post-Citizens United: Using Shareholder Derivative Claims Of Corporate Waste To Challenge Corporate Independent Political Expenditures, William Alan Nelson Ii Jan 2012

Post-Citizens United: Using Shareholder Derivative Claims Of Corporate Waste To Challenge Corporate Independent Political Expenditures, William Alan Nelson Ii

William Alan Nelson II

The Supreme Court’s recent decision in Citizens United v. FEC allows companies to spend unlimited sums from their treasuries on advertisements that promote or oppose political candidates. This issue has taken the main stage in American politics, especially with the current Republican primary race and the Presidential election in November. This article discusses how shareholders may use derivative claims of corporate waste to challenge independent political expenditures that they believe are detrimental to the corporation. The article begins by discussing the history of the corporate waste doctrine and looks at the standard for pleading a claim of corporate waste. The …


Smart Stimulus Amid Deepening Debt: Future-Flow Tax Credit Programs, William Werkmeister Jan 2012

Smart Stimulus Amid Deepening Debt: Future-Flow Tax Credit Programs, William Werkmeister

William Werkmeister

No abstract provided.


Dodd-Frank, Securitization, And The Subprime Mortgage Crisis, Stephen P. Hoffman Jan 2012

Dodd-Frank, Securitization, And The Subprime Mortgage Crisis, Stephen P. Hoffman

Stephen P. Hoffman

There are few things more constant in life than the rise and fall of financial markets. When markets crash, however, we are forced to restore them while learning from our mistakes. In the wake of the recent subprime mortgage crisis, Congress has drastically but deservedly overhauled the regulation of financial markets in order to not only prevent such disasters in the future, but to help restore financial stability more quickly if and when they do occur. In this Paper, I provide a background of the events leading up to the most devastating financial crisis since the Great Depression, focusing on …


Brett Loebel, Resume, Brett Loebel Jan 2012

Brett Loebel, Resume, Brett Loebel

Brett Loebel

My social media methodologies reflect an integrated mix of communications strategies and tactics with blogs, social media networks, social bookmarking, discussion groups and forums to drive brand awareness, online engagement, expand market share, and increase traffic to your website/landing pages/social media pages that support the business objectives set by management. You may visit my website at http://www.brettloebel.com for a complete detail on my methodological approach to optimizing websites.