Benjamin Britten was commissioned by the BBC to write music for a radio broadcast on Michaelmas (September 29) in 1937. This was to be Britten's second work in the field of radio incidental music and in contrast to many earlier BBC radio programs he was the only composer for the Michaelmas broadcast. The document concentrates on the musical content of the eleven movements of The Company of Heaven, the source of the spoken and sung texts assembled by Richard Ellis Roberts, the compositional techniques found in select works written by Britten from 1930-1937 that influenced the content of The Company of Heaven, and the influence that The Company of Heaven had on subsequent select composition during the next ten years.

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Corporate governance refers to a complementary set of legal, economic and social institutions to protect the interests of corporate owners by securing long-term corporate stability. A corporate governance system is comprised of a wide range of practices and institutions, from accounting standards and laws concerning financial disclosure, through executive compensation, to the size and composition of corporate board all envisaging monitoring responsibility on the part of the investors to protect them from expropriation by managers. Managers’ power and prestige in running a large and powerful corporation give them superior access to inside information and thus a privileged position as compared to the numerous and dispersed shareholders. The principal concern of the present work is the UK-model of corporate governance and the role of institutional shareholders in the governance of their investee companies listed on the London Stock Exchange. The proportion of the listed UK equity market owned by major shareholders grew enormously between the early 1960s and 2008. Whereas in the early 1930s, individual investors had 80% of the securities traded on the London Stock Exchange, now the ownership structure of public listed companies has significantly changed so that institutional investors have become the dominant players on the British financial market with 88.7% share-ownership of listed companies. This significant growth of institutional ownership has coincided with the emergence of self-regulatory corporate governance practices. The British model has played a pioneering role for the development of a self-regulatory approach to corporate governance framework from the Code of Best Practices 1992 to the Combined Code 2008 and the UK Corporate Governance Code 2010 and the Stewardship Code 2010. The self-regulatory approach on the basis of the ‘comply or explain’ principle adopted by the British model has now been in operation for the last two decades. The operational flexibility of the ‘comply or explain’ approach not only encourages the companies to adopt the general spirit of the code rather than the letter but also takes into account the monitoring responsibility of the institutional investors. This latter feature of the UK approach is based on the assumption that institutions have an economically-rational self-interest to monitor and actively engage with their investee companies to evaluate the veracity of their disclosure statements and thus to protect their investments.The crucial question asked by this thesis, however, is why institutional investors are not behaving as the model expects them to and thus why they have in fact been acting as ‘absentee owners’. Their perfunctory monitoring behaviour by adopting a ‘box-ticking’ approach on the basis of a ‘comply or perform’ analysis appears to have contributed significantly to the financial crisis. This thesis moves on from this observation, however, in order to consider whether there is anything that can be done to improve the monitoring behaviour of institutional investors. In this regard, it begins by noting that institutional investors are not homogeneous; some are companies while others are trusts; they face different problems of collective action, short-termism, conflicts of interest and managerial manipulation. The thesis accordingly considers whether there are any existing powers and remedies within company law and trust law that could be brought to bear in order to encourage or even enforce improved monitoring by institutional investors within the UK’s corporate governance model, which even in the aftermath of the financial crisis remains steadfastly wedded to self-regulation.

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Der Aufsatz untersucht, ob die Innovationsbereitschaft, gemessen am Risikoverhalten von Unternehmen bzw. von Führungskräften in Krisen im Vergleich zu Chancensituationen unterschiedlich ist. Zur Beantwortung dieser Frage wird empirisch getestet, welcher Zusammenhang zwischen Ertragschancen und Risikobereitschaft besteht. Mit Hilfe der empirischen Bilanzanalyse wird festgestellt, daß die klassische Risk/Return-These (bis auf eine Ausnahme) empirisch nicht bestätigt werden kann. Anhand einer Befragung von 230 Führungskräften wurde deutlich, daß sich diese in Krisensituationen risikofreudig verhalten, d.h. Prozeß- bzw. Produktinnovationen anstreben. In Chancensituationen zeigten die gleichen befragten Führungskräfte ein risikoscheues Verhalten und damit eine geringe Neigung, Innovationen zu initiieren. / In the article it is asked if the willingness of companies or managers to innovate is different in a crisis compared with a chance situation. The willingness to innovate is indicated by the risk taking behaviour of mangers. To answer this question the risk/returnpattern of companies and managers is analyzed. The analysis of published accounting data of 212 German companies shows that the classical risk/return-thesis does not hold (there is only one exception) for German companies. Interviews with 230 managers prove that they behave as risk takers in crisis situations and as risk averters in chance situations. This means that they try to innovate if the company faces a crisis and they tend to avoid innovations in chance situations.

This thesis discusses the recycling of old newspapers into fresh newsprint. The thesis includes an introduction and chapters on solid wastes, recycling paper fiber, the newsprint paper industry, recycling newsprint, alternate uses of refuse including old newspapers, legislation, and a conclusion.

This thesis is a study of the Ford Motor Company's resistance to the labor movement in Dallas, Texas.

The goal of this master's thesis is, as the title suggests, to map out the legal regulations of liquidation process of companies. There are of course loads of similar thesis and monographies on the similiar topic, but after the recodification of the civil law that became effective from the 1. 1. 2014 the need for description of this topic is coming back again. This master's thesis desribes the legislation after the mentioned recodification of the civil law and its another goal is to compare the legislation after recodification with legislation that was effective before 2014 to highlight the changes brought in action by the mentioned recodifiaction. With recodifiaction comes also the issue of judiciary, that is created by activity of courts, but the courts need longer time period to create the judiciary. In the time that this master's thesis was written (approximately 20 months after the new legislation became effective) the courts couldn't react in greater range on this crucial legislation change. With this issue comes also question if the judiciary that was effective with the legislation until the end of 2013 can be used even after the recodification. In this master's thesis is this issue considered and there are decision of courts that can be still used after the recodification. The goal of this...