Saving Capitalism From Short Termism How To Build Long Term Value And Take Back Our Financial Future

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Saving Capitalism From Short-Termism: How to Build Long-Term Value and Take Back Our Financial Future

Author : Alfred Rappaport,John C. Bogle
Publisher : McGraw Hill Professional
Page : 240 pages
File Size : 47,8 Mb
Release : 2011-08-19
Category : Business & Economics
ISBN : 9780071736374

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Saving Capitalism From Short-Termism: How to Build Long-Term Value and Take Back Our Financial Future by Alfred Rappaport,John C. Bogle Pdf

Conquering the obession with short-term profits is critical to the future of business, society, and capitalism itself—Alfred Rappaport presents a game plan every business leader should read “As Rappaport keeps on speaking out for the realities surrounding investment and speculation, our society will profit as it builds on his keen insights.” John C. Bogle, founder of The Vanguard Group (from the Foreword) About the Book: Alfred Rappaport, who first introduced the principles and practical application of "shareholder value" in his groundbreaking 1986 classic Creating Shareholder Value, reiterated the basic message in his 2006 Harvard Business Review article: Focusing on Wall Street quarterly earnings expectations rather than on creating long-term value is an invitation to disaster. Rappaport shows how deeply flawed short-term performance incentives for corporate and investment managers were an essential cause of the recent global financial crisis. In Saving Capitalism from Short-Termism, Rappaport examines the causes and consequences of “short-termism” and offers specific recommendations for how publicly traded companies and the investment management community can overcome it. Whether you're a corporate manager, money manager, public policymaker, business-school student, or simply concerned about your financial future, Saving Capitalism from Short-Termism provides valuable insights and practical ideas to change the course of your organization —and contribute to a healthier economy that benefits all.

Stock Market Short-Termism

Author : Kim M. Willey
Publisher : Springer
Page : 302 pages
File Size : 55,7 Mb
Release : 2019-07-12
Category : Business & Economics
ISBN : 9783030229030

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Stock Market Short-Termism by Kim M. Willey Pdf

Consideration of harmful short-termism in capital markets is prevalent amongst legal and business academics. It is also garnering increased attention in corporate board rooms and executive suites, and from the investing public. As a result, correcting perceived short-termism in capital markets has become a rationale for reform used by regulators across the globe. Despite the considerable attention given to this phenomenon, there has not yet been a comprehensive book analyzing the perceived short-termism problem, its sources and causes, and reform efforts undertaken to date. This book fills this gap by documenting the rise of the short-termism discussion, analyzing the significance of the problem, and considering the proposed legal remedies. Based on this analysis, a framework for effective short-termism reform is offered.

The Clash of the Cultures

Author : John C. Bogle
Publisher : John Wiley & Sons
Page : 391 pages
File Size : 50,8 Mb
Release : 2012-07-05
Category : Business & Economics
ISBN : 9781118238219

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The Clash of the Cultures by John C. Bogle Pdf

Recommended Reading by Warren Buffet in his March 2013 Letter to Shareholders How speculation has come to dominate investment—a hard-hitting look from the creator of the first index fund. Over the course of his sixty-year career in the mutual fund industry, Vanguard Group founder John C. Bogle has witnessed a massive shift in the culture of the financial sector. The prudent, value-adding culture of long-term investment has been crowded out by an aggressive, value-destroying culture of short-term speculation. Mr. Bogle has not been merely an eye-witness to these changes, but one of the financial sector’s most active participants. In The Clash of the Cultures, he urges a return to the common sense principles of long-term investing. Provocative and refreshingly candid, this book discusses Mr. Bogle's views on the changing culture in the mutual fund industry, how speculation has invaded our national retirement system, the failure of our institutional money managers to effectively participate in corporate governance, and the need for a federal standard of fiduciary duty. Mr. Bogle recounts the history of the index mutual fund, how he created it, and how exchange-traded index funds have altered its original concept of long-term investing. He also presents a first-hand history of Wellington Fund, a real-world case study on the success of investment and the failure of speculation. The book concludes with ten simple rules that will help investors meet their financial goals. Here, he presents a common sense strategy that "may not be the best strategy ever devised. But the number of strategies that are worse is infinite." The Clash of the Cultures: Investment vs. Speculation completes the trilogy of best-selling books, beginning with Bogle on Investing: The First 50 Years (2001) and Don't Count on It! (2011)

Corporate Financial Strategy

Author : Ruth Bender
Publisher : Routledge
Page : 408 pages
File Size : 50,5 Mb
Release : 2013-11-07
Category : Business & Economics
ISBN : 9781136181108

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Corporate Financial Strategy by Ruth Bender Pdf

The field of Corporate Finance has developed into a fairly complex one from its origins focussed on a company's business and financial needs (financing, risk management, capitalization and budgeting). Corporate Financial Strategy provides a critical introduction to the field and in doing so shows how organizations' financial strategies can be aligned with their overall business strategies. Retaining the popular fundamentals of previous editions, the new edition brings things up to date with an array of new examples and cases, new pedagogical features such as learning objectives and suggested further reading, and includes new material on mergers and acquisitions, and valuations and forecasting. Unlike other textbooks, Ruth Bender writes from the perspective of the firm rather than the investor. Combined with a structure driven by issues, the result is a textbook which is perfectly suited to those studying corporate finance and financial strategy at advanced undergraduate, postgraduate and executive education levels.

The Big Pivot

Author : Andrew Winston
Publisher : Harvard Business Review Press
Page : 354 pages
File Size : 55,8 Mb
Release : 2014-04-15
Category : Business & Economics
ISBN : 9781422167816

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The Big Pivot by Andrew Winston Pdf

A best-selling author and business expert discusses emerging opportunities for companies in the face of climate change, the growth of a global middle class and supply chain scrutiny and explains strategies used by Unilever, Nike, Ford and others to adapt the new challenges. 20,000 first printing.

Managing Reputation in The Banking Industry

Author : Stefano Dell’Atti,Annarita Trotta
Publisher : Springer
Page : 187 pages
File Size : 44,5 Mb
Release : 2016-04-15
Category : Business & Economics
ISBN : 9783319282565

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Managing Reputation in The Banking Industry by Stefano Dell’Atti,Annarita Trotta Pdf

The topic of reputational crisis in the banking sector has received increasing attention from academics and practitioners. This book presents expert contributions that cover three main aspects: first, an extensive review of the literature on reputational risk in the banking sector aimed to identify the relationships between causes, effects, stakeholders, and key qualitative-quantitative variables involved during the reputational crisis of a bank; second, devising a conceptual framework for management of reputational crisis in banking, and finally, testing this framework with the results of an empirical analysis carried out by observing key variables of some known cases of reputational crisis relating to international banks and proposing case studies regarding the dynamic process of reputation management.

How CEOs Can Fix Capitalism

Author : Raymond V. Gilmartin,Steven E. Prokesch
Publisher : Harvard Business Review Press
Page : 144 pages
File Size : 49,6 Mb
Release : 2013-07-09
Category : Business & Economics
ISBN : 9781625271426

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How CEOs Can Fix Capitalism by Raymond V. Gilmartin,Steven E. Prokesch Pdf

The financial crisis of 2008 and the Great Recession caused a crisis of public confidence in business and American-style capitalism, with its focus on maximizing shareholder value. Corporate leaders understood that reform was needed and that they needed to commit themselves to the dual goal of producing benefits for society and their firms’ bottom lines—to creating “shared value.” But the specific actions they could take to bring about this change were less clear. This ebook offers some of the freshest thinking today on practical measures that businesses can implement to create shared value. Originally published in an online forum hosted by Harvard Business Review, it offers valuable advice about how CEOs, other senior executives, and boards of directors can work together to engage stakeholders in new ways, change their companies’ values, build healthier relationships with investors, revamp incentive systems to create long-term value, and develop stronger succession plans. The authors of this collection of short articles include current or former CEOs, such as Howard Schultz of Starbucks and Dominic Barton of McKinsey & Company, and an array of prominent academics and other thought leaders, including Roger Martin of the University of Toronto, Jeffrey Pfeffer of Stanford, and Alfred Rappaport of Northwestern. Its editors are Raymond Gilmartin, the former CEO of Merck and, until recently, an adjunct professor at Harvard Business School, and Steve Prokesch, a senior editor at Harvard Business Review who previously worked at the New York Times and BusinessWeek magazine. In their introduction, they offer five specific recommendations on how CEOs can restore public faith in capitalism. HBR Singles provide brief yet potent business ideas, in digital form, for today's thinking professional.

The History Manifesto

Author : Jo Guldi,David Armitage
Publisher : Cambridge University Press
Page : 177 pages
File Size : 44,7 Mb
Release : 2014-10-02
Category : History
ISBN : 9781107076341

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The History Manifesto by Jo Guldi,David Armitage Pdf

A call to arms to historians and everyone interested in history in contemporary society. This title is also available as Open Access.

Post-Truth

Author : Evan Davis
Publisher : Little, Brown Book Group
Page : 304 pages
File Size : 49,6 Mb
Release : 2017-05-11
Category : Business & Economics
ISBN : 9780748127184

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Post-Truth by Evan Davis Pdf

'A Malcolm Gladwell-style social psychology/behavioural economics primer' Evening Standard Low-level dishonesty is rife everywhere, in the form of exaggeration, selective use of facts, economy with the truth, careful drafting - from Trump and the Brexit debate to companies that tell us 'your call is important to us'. How did we get to a place where bullshit is not just rife but apparently so effective that it's become the communications strategy of our times? This brilliantly insightful book steps inside the panoply of deception employed in all walks of life and assesses how it has come to this. It sets out the surprising logic which explains why bullshit is both pervasive and persistent. Why are company annual reports often nonsense? Why should you not trust estate agents? And above all, why has political campaigning become the art of stretching the truth? Drawing on behavioural science, economics, psychology and of course his knowledge of the media, Evan ends by providing readers with a tool-kit to handle the kinds of deceptions we encounter every day, and charts a route through the muddy waters of the post-truth age.

The Emperor’s Nightmare

Author : Robert A. G. Monks
Publisher : Walter de Gruyter GmbH & Co KG
Page : 229 pages
File Size : 45,7 Mb
Release : 2022-03-21
Category : Business & Economics
ISBN : 9783110696998

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The Emperor’s Nightmare by Robert A. G. Monks Pdf

From angry shareholders to concerned chief executives, almost everyone knows at a gut level that the present political system is not working. This book finds the root cause to be poor corporate governance. In the prequel to this book, The Emperor’s Nightingale, Robert A. G. Monks, one of the world’s foremost shareholder activists, had warned corporations against putting short-profit ahead of long-term value for all stakeholders. Few listened – and the result was system-wide trauma that only bold solutions can heal. In The Emperor’s Nightmare, his latest book, Monks reveals what can happen when corporate leadership abandons the common good to court and conquer a powerful elite. This insightful, honest, and direct portrayal of corporate governance and the surrounding political system will be of immense value to those interested in corporate governance – particularly shareholder and stakeholder advocates, and the true corporate leaders who serve them. In the end, better corporate governance means better democracy. This book shows the way.

The Art of Classic Planning

Author : Nir Haim Buras
Publisher : Harvard University Press
Page : 497 pages
File Size : 55,5 Mb
Release : 2020-01-28
Category : Architecture
ISBN : 9780674919242

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The Art of Classic Planning by Nir Haim Buras Pdf

"An accomplished architect and urbanist goes back to the roots of what makes cities attractive and livable, demonstrating how we can restore function and beauty to our urban spaces for the long term. Nearly everything we treasure in the worldÕs most beautiful cities was built over a century ago. Cities like Prague, Paris, and Lisbon draw millions of visitors from around the world because of their exquisite architecture, walkable neighborhoods, and human scale. Yet a great deal of the knowledge and practice behind successful city planning has been abandoned over the last hundred yearsÑnot because of traffic, population growth, or other practical hurdles, but because of ill-considered theories emerging from Modernism and reactions to it. The errors of urban design over the last century are too great not to question. The solutions being offered todayÑsustainability, walkability, smart and green technologiesÑhint at what has been lost and what may be regained, but they remain piecemeal and superficial. In The Art of Classic Planning, architect and planner Nir Haim Buras documents and extends the time-tested and holistic practices that held sway before the reign of Modernism. With hundreds of full-color illustrations and photographs that will captivate architects, planners, administrators, and developers, The Art of Classic Planning restores and revitalizes the foundations of urban planning. Inspired by venerable cities like Kyoto, Vienna, and Venice, and by the great successes of LÕEnfantÕs Washington, HaussmannÕs Paris, and BurnhamÕs Chicago, Buras combines theory and a host of examples to arrive at clear guidelines for best practices in classic planning for todayÕs world. The Art of Classic Planning celebrates the enduring principles of urban design and invites us to return to building beautiful cities."

Why International Cooperation is Failing

Author : Thomas Kalinowski
Publisher : Oxford University Press, USA
Page : 296 pages
File Size : 53,7 Mb
Release : 2019
Category : Business & Economics
ISBN : 9780198714729

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Why International Cooperation is Failing by Thomas Kalinowski Pdf

Ten years after the global financial crisis of 2008/09 there is widespread scepticism about the ability to curb volatile financial markets and achieve true international cooperation. Changes in the global rules of finance discussed in the G20 during the last decade remain limited, and it is uncertain whether they are suitable to help mitigate and manage future crises to come. This book offers an alternative to the popular notion that this failure is the result of the 'nature' of international relations, the clash of national egoisms, or ineffective national leadership. It instead provides an understanding of recent lapses in international cooperation by revealing their deeper structural origins in the competing models of capitalism operating across the globe. US finance-led, EU integration-led, and East Asian state-led capitalism complement each other globally yet have conflicting preferences on how to complement their distinct domestic regulations at the international level. This interdependence of capitalist models is relatively stable but also prone to crises caused by volatile financial flows, global economic imbalances, and 'currency wars'. To understand international economic cooperation, we must understand the diverse dynamics of the different models of capitalism on a domestic level, not only in financial markets but also in areas of corporate structure, labour markets, and welfare regimes. By establishing a deeper integration of approaches from International Political Economy and Comparative Capitalism, this book shows that regulating international finance is not a technocratic exercise of fine-tuning the machinery of international institutions, but rather a political process dependent on the dynamic of institutional change on a national and regional level

Management Education for the World

Author : K. Muff,Thomas Dyllick,M. Drewell,J. North,P. Shrivastava,J. Haertle
Publisher : Edward Elgar Publishing
Page : 234 pages
File Size : 42,7 Mb
Release : 2013
Category : Business & Economics
ISBN : 9781782547648

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Management Education for the World by K. Muff,Thomas Dyllick,M. Drewell,J. North,P. Shrivastava,J. Haertle Pdf

Ô50+20 not only raises the sights for those charged with the development of our future leaders, but also provides a clear roadmap for delivering on that ambition. As such, it is an important contribution to a journey of transformation that affects not only the future of business, but the very planet itself.Õ Ð Paul Polman, Unilever, US ÔThe 50+20 initiative is an ambitious effort that highlights the urgent need for radical change in what we teach and how management education is delivered today. In a world that faces so many different and fast-evolving challenges, the initiative is indeed timely and needed.Õ Ð Peter Bakker, World Business Council for Sustainable Development, Switzerland ÔWe now finally have a blueprint that can be used as a foundation for a new contract between business schools and society. Changing the way we educate our business leaders for tomorrow will change the world for the better.Õ Ð Rakesh Khurana, Harvard Business School, US For many years commentators have described what is wrong with business schools Ð characterizing them as the breeding grounds of a culture of greed and self-enrichment in global business at the expense of the rest of society and of nature. Management Education for the World is a response to this critique and a handbook for those seeking to educate and create knowledge for a new breed of business leaders. It presents a vision for the transformation of management education in service of the common good and explains how such a vision can be implemented in practice. The 50+20 vision, as it is also known, was developed through a collaborative initiative between the Globally Responsible Leadership Initiative, the World Business School Council for Sustainable Business and the U.N.-backed Principles of Responsible Management Education and draws on the expertise of sustainability scholars, business and business school leaders and thought leaders from many other walks of life. This book explores the 21st century agenda of management education, identifying three fundamental goals: educating and developing globally responsible leaders, enabling business organizations to serve the common good, and engaging in the transformation of business and the economy. It is a clarion call of service to society for a sector lost between the interests of faculty, business and the schools themselves at the expense of people and planet. It sees business education stepping up to the plate with the ability of holding and creating a space to provide responsible leadership for a sustainable world embodied in the central and unifying element of the 50+20 vision, the collaboratory. Management Education for the World is written for everyone concerned or passionate about the future of management education: consultants, facilitators, entrepreneurs and leaders in organizations of any kind, as well as policymakers and others with an interest in new and transformative thinking in the field. In particular, teachers, researchers, students and administrators will find it an invaluable resource on their journey.

Asset Management

Author : Andrew Ang
Publisher : Financial Management Associati
Page : 717 pages
File Size : 44,8 Mb
Release : 2014
Category : Business & Economics
ISBN : 9780199959327

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Asset Management by Andrew Ang Pdf

Stocks and bonds? Real estate? Hedge funds? Private equity? If you think those are the things to focus on in building an investment portfolio, Andrew Ang has accumulated a body of research that will prove otherwise. In this book, Ang upends the conventional wisdom about asset allocation by showing that what matters aren't asset class labels but the bundles of overlapping risks they represent.

Corporate Financial Management

Author : Glen Arnold,Deborah S. Lewis
Publisher : Pearson UK
Page : 1836 pages
File Size : 45,5 Mb
Release : 2019
Category : Corporations
ISBN : 9781292140483

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Corporate Financial Management by Glen Arnold,Deborah S. Lewis Pdf

Explore how finance theory works in practice with Corporate Financial Management, 6th edition. Find out how financial decisions are made within a firm, how projects are appraised to make investment decisions, how to evaluate risk and return, where to raise finance from and how, ultimately, to create value. Need extra support? Join over 10 million students benefiting from Pearson MyLabs. This title is supported by MyLab Finance, an online homework and tutorial system which can be used by students for self-directed study or instructors can choose to fully integrate this eLearning technology into.