Business Commons^™

Bailing Out America: An Honors Thesis Addressing The Bailout And Financial Crisis Of 2008, Reuben Cash

Honors Theses

This paper analyzes the financial crisis of 2008 and the resulting government intervention of the Troubled Asset Relief Program, or more generally called "the bailout." Beginning with historical context of past interventions, it sets forth an understanding of the economic environment of 2008. After explaining the mechanics of the financial crisis, it proposes that the reinsurance products underlying the financial markets in 2008 were based on unsound accounting and risk management principles. Based on this proposition, the representational faithfulness and fairness of mark-to-market accounting principles are examined. The paper concludes that a short-term financial focus is largely to blame for …

Dispersed Ownership: The Theories, The Evidence, And The Enduring Tension Between "Lumpers" And "Splitters", John C. Coffee Jr.

Faculty Scholarship

This article argues that dispersed ownership resulted less from inexorable forces and more from private ordering. Neither legal nor political conditions mandated or prevented the appearance of dispersed ownership. Rather, entrepreneurs, investment bankers, and investors — all seeking to maximize value — sometimes saw reasons why selling control into the public market would maximize value for them. But when and why? That is the article's focus. It argues that law played less of a role than specialized intermediaries — investment banks, securities exchanges, and other agents — who found it to be in their self-interest to foster dispersed ownership and …

2012, Guillermo Arosemena

Guillermo Arosemena

No abstract provided.

Territorial Tax System Reform And Corporate Financial Policies, Matteo Arena, George Kutner

Matteo P. Arena

We examine the effect of a permanent change to a country corporate income repatriation tax system on corporate financial policies. In 2009 Japan and the U.K. switched from a worldwide to a territorial system for the taxation of repatriated foreign earnings. The new system effectively reduced the tax liabilities of most multinational firms when repatriating earnings. We find that after the change firms accumulate less cash, pay out larger amounts through dividends and share repurchases, and invest less abroad. We do not find that the tax system change has significantly affected domestic investments even when controlling for capital constraints.

Business And Non-Profit Organizations Facing Increased Competition And Growing Customers' Demands (Vol. 11), Anna Ujwary-Gil

Anna Ujwary-Gil

The monograph focuses attention on the description and analysis of new phenomena and processes for commercial and non-commercial organizations. Valid conditions are pointed out for the functioning of both commercial and non-commercial organizations and an attempt is made to explain their impact on these organizations. The analysis also examines the strategies used by organizations in the face of fierce competition and increasing consumer demands in their effort to gain and maintain a competitive edge. This case study below is segmented into four areas of interest: • commercial and non-commercial organizations as an object of research, • commercial and non-commercial organizations …

Geen Grenzen Aan De Groei: De Belgische Syndicalisatiegraad In De Jaren 2000, Kurt Vandaele, Jean Faniel

Kurt Vandaele

Aan het begin van de eenentwintigste eeuw daalt de syndicalisatiegraad in heel Europa. Héél Europa? Nee, een klein landje blijft (moedig) weerstand bieden aan deze trend. Het aantal vakbondsleden blijft toenemen in België. Dit geldt voor de drie representatieve vakbondsorganisaties. En, sterker nog, het ledental houdt minstens gelijke tred met de stijging van de ‘afhankelijke’ beroepsbevolking. De syndicalisatiegraad loopt dan ook verder op. Deze bijdrage analyseert de ledencijfers tussen 2001 en 2010 in detail.

Maestros To Multipliers: Exploring The Evolution Of Public Sector Innovation Intermediation And Governance (A Case Study Of Greater Manchester, 2003-2011), Martin Wain

Martin Wain

There has been a trend within the last decade, observable to economic development practitioners, for innovation becoming increasingly integrated into and central to mainstream economic development. To date it can be seen across all areas of economic development, including factors of competitiveness and competitive advantage, to the attraction and retention of talent. Arguably, this extends the policy recommendations and implications of innovation from competitiveness and growth to the perceived dynamicity and attractiveness of a locale to potential inward investors and upwardly mobile entrepreneurs.

This dissertation explores the evolution of innovation policy, through design and implementation, over a nine-year period. The …

Information Projection: Model And Applications, Kristof Madarasz

Kristof Madarasz

Debt Relief And Trade Justice In Italy, Paolo Gerbaudo, Mario Pianta

Mario Pianta

No abstract provided.

How Can Activism Make Change Happen?, Mario Pianta, Anne Ellersiek, Peter Utting

Mario Pianta

No abstract provided.

Global Justice Activism And Policy Reform In Europe. Understanding When Change Happens, Peter Utting, Mario Pianta, Anne Ellersiek

Mario Pianta

No abstract provided.

Innovation And Employment In Economic Cycles, Matteo Lucchese, Mario Pianta

Mario Pianta

Industrial And Innovation Policies In The European Union, Matteo Lucchese, Mario Pianta

Mario Pianta

Introduction: Understanding The Activism–Policy Nexus, Anne Ellersiek, Mario Pianta, Peter Utting

Mario Pianta

No abstract provided.

Global Social Movement Networks And The Politics Of Change, Mario Pianta, Raffaele Marchetti

Mario Pianta

No abstract provided.

Porous Capsule Irrigation, David A. Bainbridge

David A Bainbridge

Porous capsule irrigation is a modern adaptation of buried clay pot irrigation. Research in Brazil and Mexico has demonstrated its value in improving water use efficiency. Porous capsules are more easily integrated in an irrigation network than buried clay pots.

Compliance Audit Of Anti-Corruption Regulations: A Case Study From Carpatistan Customs, Bryane Michael

Bryane Michael (bryane.michael@stcatz.ox.ac.uk)

The principles and findings from internal government audits (aimed at generating recommendations to improve compliance with anti-corruption regulations) can greatly contribute to the wider anti-corruption literature. Internal audit techniques can overcome the weaknesses of the four predominant approaches to evaluating anti-corruption regulatory performance – the systems design approach, the ad-hoc controls studies approach, the descriptive legal analysis approach and the prescriptive manuals and handbooks approach. This paper discusses a compliance audit of anti-corruption regulations in an anti-corruption audit conducted in 2009. The audit findings and recommendations illustrate the ways that models and previous research in the social sciences can be …

Whither Turkish Capitalism?, Bryane Michael

Bryane Michael (bryane.michael@stcatz.ox.ac.uk)

Turkish families will likely cede their controlling interests in Turkey’s dominant holding companies in the upcoming decades as Wall Street clamours for a greater share of developing world profits and families enjoy the fruits of their oligopolistic labours.

Regional Industrial Structure And Agglomeration Economies: An Analysis Of Productivity In Three Manufacturing Industries., Joshua Drucker, Edward Feser

Joshua Drucker

Explaining The Persistence Of The Informal Economy In Central And Eastern Europe: Some Lessons From Moscow, Colin C. Williams

Colin C Williams

To evaluate critically the competing explanations for the persistence of the informal economy that variously represent this sphere as a residue, by-product, alternative and/or complement to the formal economy, this paper reports a survey of livelihood practices in 313 Moscow households. The finding is that the majority of households primarily depend on informal work to secure their livelihood and that although each and every theorisation is wholly valid with regard to particular types of informal work and/or specific population groups, no one articulation fully captures the diverse nature and multiple meanings of the informal economy in contemporary Moscow. The paper …

Theorizing The Self-Service Economy: A Case Study Of Do-It-Yourself (Diy) Activity, Colin C. Williams

Colin C Williams

Recently, it has become increasingly recognised that self-servicing is a growing rather than declining phenomenon. To explain this, a range of competing theories have emerged which variously portray those engaged in self-servicing either as rational economic actors, dupes, seekers of self-identity, or simply doing so out of necessity or choice. This paper evaluates critically the validity of these rival explanations. To do this, the extent of, and reasons for, self-servicing in the domestic realm is empirically evaluated through an internet survey of 5,500 people living in the city of Sheffield in England. This resulted in 418 valid responses (a 7.6 …

Enabling Enterprise: Tackling The Barriers To Formalisation, Colin C. Williams

Colin C Williams

No abstract provided.

Evaluating The Persistence Of Subsistence Work In Contemporary Economies: Some Lessons From Moscow, Colin C. Williams, Peter Rodgers

Colin C Williams

From Market Hegemony To Diverse Economies: Evaluating The Plurality Of Labour Practices In Ukraine, Colin C. Williams

Colin C Williams

Drawing inspiration from a burgeoning corpus of scholars who have begun to question the narrative of impending market hegemony, this paper seeks to further advance this emergent ‘diverse economies’ literature by constructing a conceptual framework for representing the multiple labour practices in economies. Transcending the simplistic market/non-market dichotomy, this conceptualises multiple kinds of labour existing along a spectrum from market-oriented to non-market oriented practices, which is cross-cut by another spectrum ranging from wholly monetised to wholly non-monetised practices. The resultant portrayal of a plurality of labour practices that seamlessly merge into each other is then applied to understanding the types …

Nine Out Of Ten. The "Losers" In Italy's Long Crisis. Changes In Income Distribution, Effects Of Policies, Rise In Inequality, Mario Pianta

Mario Pianta