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Author : Heather Elise Tookes
Publisher : Unknown
Page : 592 pages
File Size : 43,9 Mb
Release : 2003
Category : Electronic
ISBN : CORNELL:31924098294204
Author : Paul M. Secunda,Samuel Estreicher
Publisher : Kluwer Law International B.V.
Page : 809 pages
File Size : 52,8 Mb
Release : 2009-01-01
Category : Law
ISBN : 9789041127723
Each year, the New York University Annual Conference on Labor calls on outstanding scholars and practitioners in the field to come together to survey and analyze new developments and trends in U.S. labor law and practice. This volume reproduces the texts (updated and reworked by the authors) presented at the 2007 Conference, the 60th in this venerable and highly influential series, at which the theme was andRetaliation and Whistleblowersand . There could not be a more timely exploration of this complex workplace issue. The United States Supreme Court, in several pending cases and in the recent landmark cases of Burlington Northern v. White and Garcetti v. Ceballos, has turned its full attention to workplace retaliation claims. States and municipalities also continue to struggle in laying out the scope of permissible claims under state constitutional and statutory whistleblower provisions and under the common law of wrongful discharge. Among the new and significant issues considered in this volume are the following: new limits on the scope of the cause of action in the wake of Burlington Northern; implied protection of employee activity under ADEA and the FLSA; the scope of andprotected activityand under and§ 806 of the Sarbanes-Oxley Act; issues of privilege when investigation counsel are used to inform corporate decision-making; state whistleblower laws and the expansion or preemption of common law protections under the common law tort of wrongful discharge; NLRA protection of collective protests by non-union workers; and potential expansion of the formal definition of andjobsand under Garcetti v. Ceballos to foreclose the first amendment avenue. Besides papers by panelists at the Conference, ten other leading practitioners and academics also provide commentary in this volume. As always, this important annual publication offers definitive current scholarship in its theme area of labor and employment law. As such, it will be of inestimable value to practitioners, government officials, academics and others interested in developments in U.S. employment and labor relations law and practice.
Author : Jonathan R. Macey
Publisher : Princeton University Press
Page : 343 pages
File Size : 47,5 Mb
Release : 2010-12-12
Category : Business & Economics
ISBN : 9780691148021
Even in the wake of the biggest financial crash of the postwar era, the United States continues to rely on Securities and Exchange Commission oversight and the Sarbanes-Oxley Act, which set tougher rules for boards, management, and public accounting firms to protect the interests of shareholders. Such reliance is badly misplaced. In Corporate Governance, Jonathan Macey argues that less government regulation--not more--is what's needed to ensure that managers of public companies keep their promises to investors. Macey tells how heightened government oversight has put a stranglehold on what is the best protection against malfeasance by self-serving management: the market itself. Corporate governance, he shows, is about keeping promises to shareholders; failure to do so results in diminished investor confidence, which leads to capital flight and other dire economic consequences. Macey explains the relationship between corporate governance and the various market and nonmarket institutions and mechanisms used to control public corporations; he discusses how nonmarket corporate governance devices such as boards and whistle-blowers are highly susceptible to being co-opted by management and are generally guided more by self-interest and personal greed than by investor interests. In contrast, market-driven mechanisms such as trading and takeovers represent more reliable solutions to the problem of corporate governance. Inefficient regulations are increasingly hampering these important and truly effective corporate controls. Macey examines a variety of possible means of corporate governance, including shareholder voting, hedge funds, and private equity funds. Corporate Governance reveals why the market is the best guardian of shareholder interests.
Author : Kim Ittonen
Publisher : University of Vaasa
Page : 211 pages
File Size : 51,9 Mb
Release : 2009
Category : Auditing
ISBN : 9789524762564
Tiivistelmä: Tilintarkastuskertomukset ja osakemarkkinat.
Author : Xavier Vives
Publisher : Princeton University Press
Page : 422 pages
File Size : 43,9 Mb
Release : 2010-01-25
Category : Business & Economics
ISBN : 9781400829507
The ways financial analysts, traders, and other specialists use information and learn from each other are of fundamental importance to understanding how markets work and prices are set. This graduate-level textbook analyzes how markets aggregate information and examines the impacts of specific market arrangements--or microstructure--on the aggregation process and overall performance of financial markets. Xavier Vives bridges the gap between the two primary views of markets--informational efficiency and herding--and uses a coherent game-theoretic framework to bring together the latest results from the rational expectations and herding literatures. Vives emphasizes the consequences of market interaction and social learning for informational and economic efficiency. He looks closely at information aggregation mechanisms, progressing from simple to complex environments: from static to dynamic models; from competitive to strategic agents; and from simple market strategies such as noncontingent orders or quantities to complex ones like price contingent orders or demand schedules. Vives finds that contending theories like informational efficiency and herding build on the same principles of Bayesian decision making and that "irrational" agents are not needed to explain herding behavior, booms, and crashes. As this book shows, the microstructure of a market is the crucial factor in the informational efficiency of prices. Provides the most complete analysis of the ways markets aggregate information Bridges the gap between the rational expectations and herding literatures Includes exercises with solutions Serves both as a graduate textbook and a resource for researchers, including financial analysts
Author : Tsun Se Cheong,Xunpeng (Roc) Shi,Yongping Sun,Jian Yu,Xin Yao
Publisher : Frontiers Media SA
Page : 343 pages
File Size : 55,5 Mb
Release : 2023-11-03
Category : Technology & Engineering
ISBN : 9782832514320
China’s national carbon market, the world’s largest emissions trading scheme (ETS), kicked off its first online trade recently. This can be called a milestone for the country towards the nation’s goals of having CO2 emissions peak before 2030 and achieving carbon neutrality by 2060. China’s national ETS initially covers the power sector, before being expanded to a much broader set of energy-intensive industries. On one hand, the electricity sector, the largest carbon-emitting industry, is responsible for about 40% of China’s emissions, and it has great significance to response to global climate change. On the other hand, the effectiveness of China’s ETS will rest on how well it is coordinated with power market regulations and policies. In this regard, the deepening of reform, as well as the advanced technology and its applications in the electricity market will add new challenges and opportunities to electricity trade, which, in turn, influences national ETS. Therefore, this brings urgency to accurately capture the dynamic interactions between national ETS and electricity market to transform carbon trading into a practical and effective way to decarbonize the power sector.
Author : Joseph McCahery
Publisher : Oxford University Press, USA
Page : 728 pages
File Size : 41,5 Mb
Release : 2002
Category : Business & Economics
ISBN : 0199247870
This volume provides an up-to-the-minute survey of the field of corporate governance, focusing particularly on issues of convergence and diversity. A number of topics are discussed including bankruptcy procedures, initial public offerings, the role of large stakes, comparative corporate governance, and institutional investors.
Author : Iván Blanco ,David Wehrheim
Publisher : Ed. Universidad de Cantabria
Page : 90 pages
File Size : 45,8 Mb
Release : 2019-02-15
Category : Business & Economics
ISBN : 9788481028775
Do financial derivatives enhance or impede innovation? We aim to answer this question by examining the relationship between equity options markets and standard measures of firm innovation. Our baseline results show that firms with more options trading activity generate more patents and patent citations per dollar of R&D invested. We then investigate how more active options markets affect firms' innovation strategy. Our results suggest that firms with greater trading activity pursue a more creative, diverse and risky innovation strategy. We discuss potential underlying mechanisms and show that options appear to mitigate managerial career concerns that would induce managers to take actions that boost short-term performance measures. Finally, using several econometric specifications that try to account for the potential endogeneity of options trading, we argue that the positive effect of options trading on firm innovation is causal.
Author : Junmin Wang
Publisher : Routledge
Page : 177 pages
File Size : 41,7 Mb
Release : 2014-06-23
Category : Political Science
ISBN : 9781136238963
China today has the largest communist political regime and one of the most dynamic, fastest-growing, and largest economies in the world. Using a case study of China’s tobacco industry, this book analyses how the Chinese government was able to cultivate big state-owned firms that have successfully embraced the global market. The success of the Chinese economy and the many state-owned firms within it have given rise to a "Beijing Consensus," challenging almost every principle enshrined in the so-called "Washington Consensus" that espouses private ownership, free markets, and democracy. By examining two important political processes in contemporary China, ‘local state competition’ and ‘global-market building’, the book argues that the first process serves as a crucial basis for the second. It illustrates how the local governments involved themselves in building and shaping the tobacco market throughout the 1980s and 1990s, and how these domestic market dynamics created conditions for China’s recent embrace of the international market. Offering an in-depth exploration of the political-economic processes in a key Chinese state industry, the book emphasizes that the key to understanding China’s political transition is to look at how the state has been shaped by its market-building projects both domestically and globally. It presents an important contribution to studies on Chinese Business and International Political Economy.
Author : Gianluca Fusai,Andrea Roncoroni,Mark Cummins
Publisher : John Wiley & Sons
Page : 1064 pages
File Size : 54,8 Mb
Release : 2015-02-19
Category : Business & Economics
ISBN : 9780470661833
Handbook of Multi-Commodity Markets and ProductsOver recent decades, the marketplace has seen an increasing integration, not only among different types of commodity markets such as energy, agricultural, and metals, but also with financial markets. This trend raises important questions about how to identify and analyse opportunities in and manage risks of commodity products. The Handbook of Multi-Commodity Markets and Products offers traders, commodity brokers, and other professionals a practical and comprehensive manual that covers market structure and functioning, as well as the practice of trading across a wide range of commodity markets and products. Written in non-technical language, this important resource includes the information needed to begin to master the complexities of and to operate successfully in today’s challenging and fluctuating commodity marketplace. Designed as a practical practitioner-orientated resource, the book includes a detailed overview of key markets – oil, coal, electricity, emissions, weather, industrial metals, freight, agricultural and foreign exchange – and contains a set of tools for analysing, pricing and managing risk for the individual markets. Market features and the main functioning rules of the markets in question are pres- ented, along with the structure of basic financial products and standardised deals. A range of vital topics such as stochastic and econometric modelling, market structure analysis, contract engineering, as well as risk assessment and management are presented and discussed in detail with illustrative examples to commodity markets. The authors showcase how to structure and manage both simple and more complex multi-commodity deals. Addressing the issues of profit-making and risk management, the book reveals how to exploit pay-off profiles and trading strategies on a diversified set of commodity prices. In addition, the book explores how to price energy products and other commodities belonging to markets segmented across specific structural features. The Handbook of Multi-Commodity Markets and Products includes a wealth of proven methods and useful models that can be selected and developed in order to make appropriate estimations of the future evolution of prices and appropriate valuations of products. The authors additionally explore market risk issues and what measures of risk should be adopted for the purpose of accurately assessing exposure from multi-commodity portfolios. This vital resource offers the models, tools, strategies and general information commodity brokers and other professionals need to succeed in today’s highly competitive marketplace.
Author : Esther David,Christopher Kiekintveld,Valentin Robu,Onn Shehory,Sebastian Stein
Publisher : Springer
Page : 170 pages
File Size : 52,8 Mb
Release : 2013-09-16
Category : Computers
ISBN : 9783642408649
This volume contains 11 thoroughly refereed and revised papers detailing recent advances in research on designing trading agents and mechanisms for agent-mediated e-commerce. They were originally presented at the Joint Workshop on Trading Agent Design and Analysis (TADA 2012) and Agent-Mediated Electronic Commerce (AMEC 2012) co-located with AAMAS 2012 in Valencia, Spain, in June 2012. The increasing reliance on software agents has created a range of pressing new research challenges, including the design of appropriate agent decision algorithms, approaches for predicting the complex behaviors and interactions of multiple agents, including the computation of equilibria, and the engineering of protocols and mechanisms that ensure electronic markets behave in a stable manner or fulfill other desirable criteria. Drawing upon a diverse range of scientific disciplines, including computer science, economics, artificial intelligence, operations research and game theory, the papers collected in this volume represent a cross-section of recent research and cover topics such as strategies for individual trading agents, the design of markets and interaction protocols between agents, and a variety of applications.
Author : Robert E. Litan,Anthony M. Santomero
Publisher : Jessica Kingsley Publishers
Page : 480 pages
File Size : 47,8 Mb
Release : 1999
Category : Business & Economics
ISBN : 0815752873
The effects of technology on the financial sector are examined in this second in a series of annual volumes on the financial services industry from the Brookings Institution and the Wharton School at the University of Pennsylvania. The papers in this volume, as well as brief comments on the papers, are written by leading financial experts from the corporate, government, and academic communities. Future volumes will address other important issues affecting the financial services industry and thus continue to be a source of invaluable analysis and information for participants in the industry, financial regulators, policymakers, and everyone concerned with financial services. The Brookings-Wharton alliance represented here promises to be a major source of timely and insightful analyses of financial issues in the coming years. Richard Aspinwall, The Chase Manhattan Bank. Contents of this issue will include: -The future of stock exchanges by Maureen O'Hara, Cornell University, and Jonathan R. Macey, Cornell School of Law -The impact of the Internet on financial services by David Coleman, McKinsey & Company, James Marks, Deutsche Bank Securities, Inc., and Hal R. Varian, University of California, Berkeley -The effect on global financial structure by Frederic S. Mishkin, Columbia University, and Philip E. Strahan, Federal Reserve Bank of New York. -Year 2000 issues by John A. Meyer, EDS. -The impact of technology on firms and markets by Zvi Bodie, Boston University -Issues of privacy in the information age by Peter P. Swire, Ohio State University College of Law
Author : Nancy B. Rapoport,Jeffrey D. Van Niel,Bala G. Dharan
Publisher : Foundation Press
Page : 1252 pages
File Size : 53,5 Mb
Release : 2009
Category : Accounting
ISBN : STANFORD:36105134427991
This law school text explores the Enron debacle from a variety of different aspects. Essays analyze the business-government interactions and decisions that laid the foundations for Enron's growth and subsequent demise. Other essays describe and detail the complex web of partnerships and accounting tricks used by Enron to hide bad news and project good news. Additional essays focus on the ethical and legal dimensions of the Enron crisis, and the subsequent lessons for business and law students, as well as for society.
Author : Deniz Ozenbas
Publisher : Springer Nature
Page : 111 pages
File Size : 53,7 Mb
Release : 2022
Category : Business enterprises
ISBN : 9783030748173
This open access book addresses four standard business school subjects: microeconomics, macroeconomics, finance and information systems as they relate to trading, liquidity, and market structure. It provides a detailed examination of the impact of trading costs and other impediments of trading that the authors call rictions It also presents an interactive simulation model of equity market trading, TraderEx, that enables students to implement trading decisions in different market scenarios and structures. Addressing these topics shines a bright light on how a real-world financial market operates, and the simulation provides students with an experiential learning opportunity that is informative and fun. Each of the chapters is designed so that it can be used as a stand-alone module in an existing economics, finance, or information science course. Instructor resources such as discussion questions, Powerpoint slides and TraderEx exercises are available online.
Author : Stefano Triberti,Davide La Torre,Jianyi Lin,Ilaria Durosini,Manuel Ruiz Galan
Publisher : Frontiers Media SA
Page : 126 pages
File Size : 43,9 Mb
Release : 2022-02-10
Category : Science
ISBN : 9782889743223