Global ETD Search

1	The Chairperson of the Board : An exploratory study in Swedish Enterprises Meineke, Alexander Claudius, Banerjee, Anup January 2018 (has links) No description available. Chairperson Board Chair Chairman Board of Directors Corporate Governance Ownership Listed Company Non-Listed Company Sweden Business Administration Företagsekonomi
2	台灣上市公司使用衍生性金融工具避險因素與避險對公司績效影響之研究 / Research on the factors of hedging from financial derivatives and its impacts on business performance of listed companies in Taiwan 魏宏錡, Wei, Hung Chi Unknown Date (has links) 本文研究期間為民國 94 年至民國102 年共9 年的時間，以台灣全部的上市公司為研究對象，扣除資料不全者，共有569 間公司。本論文使用Loistic regression之研究方法，找出台灣上市公司是否避險的因素，以及避險對公司績效的影響，並以OLS 最小平方法估計避險的因素與避險對公司績效的影響。企業國際化已經是目前經濟狀態不可避免的趨勢，尤其進出口頻繁的產業，更是面臨匯率波動風險所帶來的威脅。因此，企業頻繁的使用衍生性金融工具來執行避險策略。實證結果顯示各個產業有著不同的決定性因素來影響企業執行決策，其中化學業、金融業、光電業、造紙業與塑膠業存在統計上顯著的結果。另外公司若執行避險策略，對於公司價值有正面的影響，台幣貶值、董監事持股比率、權益資金之比重以及營收成長率對於公司的價值也都存在正面與顯著的關係，而實質利率的上升則對公司的價值有不利的影響。上市公司避險公司價值 Listed company Hedge Value of company
3	The value of an audit committee at a high-growth potential, small to medium-sized listed company La Grange, Madeleine 11 1900 (has links) A company’s board of directors is ultimately responsible for putting effective corporate governance (CG) structures in place as mechanisms to enhance its accountability to stakeholders. An audit committee (AC), which is a subcommittee of the board, is one component of the company’s CG structures. In South Africa, legislation, the Johannesburg Stock Exchange (JSE) listing requirements, and the King code and report of Governance for South Africa 2009 (King III) deal with the composition and responsibilities of ACs. As the shares of AltX listed companies, which are categorised as high-growth potential, small to medium-sized listed companies, are traded publicly, they are required to comply with the Companies Act and to establish an AC according to the Act’s composition requirements to fulfil mandatory responsibilities. In terms of the JSE listing requirements, AltX listed companies must appoint an AC or explain their reason(s) for not doing so. As the total market capitalisation of AltX listed companies has increased by 87% over the past three years, greater numbers of stakeholder groups are being affected. Since stakeholder groups are protected when companies implement effective CG processes, the purpose of this study is to understand the way in which the AC of an AltX listed company, as an example of a high-growth potential, small to medium-sized listed company, adds value to the company and its stakeholders. Attributes that contribute to the value added by ACs were identified as being the characteristics of AC members; the fulfilment of responsibilities through optimised activities; and the fulfilment of responsibilities by maintaining healthy relationships with the board and information providers. An explorative qualitative case-based research design was applied in terms of which a single AltX listed company was selected according to predetermined selection criteria. Data were collected using individual semi-structured interviews, field notes and company documents. Descriptive open coding techniques were used for data analysis with the findings of the study subsequently being presented in terms of a theoretical framework of the attributes that influence the extent to which the AC adds value. The findings of the study confirm that these attributes of the AC facilitate its ability to add value to the AltX listed company investigated and its stakeholders in terms of enlightened shareholder theory. / Auditing / M. Com. (Auditing) AltX listed company Audit committee Corporate governance Directors Induction Programme High-growth potential Small to medium-sized listed company Stakeholders Value added 657.458 Audit committees Auditing, Internal Boards of directors Corporate governance Business enterprises -- Auditing
4	The value of an audit committee at a high-growth potential, small to medium-sized listed company La Grange, Madeleine 11 1900 (has links) A company’s board of directors is ultimately responsible for putting effective corporate governance (CG) structures in place as mechanisms to enhance its accountability to stakeholders. An audit committee (AC), which is a subcommittee of the board, is one component of the company’s CG structures. In South Africa, legislation, the Johannesburg Stock Exchange (JSE) listing requirements, and the King code and report of Governance for South Africa 2009 (King III) deal with the composition and responsibilities of ACs. As the shares of AltX listed companies, which are categorised as high-growth potential, small to medium-sized listed companies, are traded publicly, they are required to comply with the Companies Act and to establish an AC according to the Act’s composition requirements to fulfil mandatory responsibilities. In terms of the JSE listing requirements, AltX listed companies must appoint an AC or explain their reason(s) for not doing so. As the total market capitalisation of AltX listed companies has increased by 87% over the past three years, greater numbers of stakeholder groups are being affected. Since stakeholder groups are protected when companies implement effective CG processes, the purpose of this study is to understand the way in which the AC of an AltX listed company, as an example of a high-growth potential, small to medium-sized listed company, adds value to the company and its stakeholders. Attributes that contribute to the value added by ACs were identified as being the characteristics of AC members; the fulfilment of responsibilities through optimised activities; and the fulfilment of responsibilities by maintaining healthy relationships with the board and information providers. An explorative qualitative case-based research design was applied in terms of which a single AltX listed company was selected according to predetermined selection criteria. Data were collected using individual semi-structured interviews, field notes and company documents. Descriptive open coding techniques were used for data analysis with the findings of the study subsequently being presented in terms of a theoretical framework of the attributes that influence the extent to which the AC adds value. The findings of the study confirm that these attributes of the AC facilitate its ability to add value to the AltX listed company investigated and its stakeholders in terms of enlightened shareholder theory. / Auditing / M. Com. (Auditing) AltX listed company Audit committee Corporate governance Directors Induction Programme High-growth potential Small to medium-sized listed company Stakeholders Value added 657.458 Audit committees Auditing, Internal Boards of directors Corporate governance Business enterprises -- Auditing
5	Étude des déterminants de la communication environnementale des entreprises : cas de la Tunisie et du Maroc / Study of the determinants of environmental coporate disclosure : case of Tunisia and Morocco Zramdini, Olfa 25 November 2011 (has links) L'objectif de cette recherche est d'évaluer la communication environnementale (CE) des entreprises tunisiennes et marocaines et de déterminer les facteurs susceptibles de la favoriser ou de la contraindre. En se basant sur la théorie des parties prenantes, nous empruntons le modèle conceptuel d'Ullmann (1985) pour tester l'effet du pouvoir des parties prenantes, de la culture d'entreprise, de la situation économique et financière de l'organisation sur l'étendue de la CE. L'échantillon de l'étude est composé de 18 entreprises tunisiennes et de 20 entreprises marocaines cotées respectivement sur les bourses de Tunis et de Casablanca. L'évaluation de l'étendue de la CE est faite sur la base des rapports annuels collectés sur la période allant de 2000 à 2007. Les résultats de l'analyse quantitative montrent que la CE est principalement orientée vers les actionnaires et les investisseurs. En outre, l'influence de la culture d'entreprise, de la situation économique et financière de l'entreprise, du secteur d'activité, de la taille ainsi que du pays d'origine est confirmée. Dans le but d'approfondir ces résultats, une analyse qualitative est conduite sur 10 cas d'entreprises retenus de l'échantillon initial. Les résultats révèlent que le niveau d'internationalisation de l'activité de l'entreprise, son appartenance à une multinationale réputée par son engagement dans le développement durable, la taille de l'auditeur ainsi que la composition du Conseil d'Administration expliquent l'étendue de la CE des entreprises tunisiennes et marocaines. / The purpose of this research is to assess the corporate environmental reporting (CER) of Tunisian and Moroccan companies and to determine the factors likely to support it or constrain it. Relying on the stakeholder theory, we use the conceptual model of Ullmann (1985) to test the effect of the stakeholder power, corporate culture and the economic and financial performances on the extent of the CER. The sample comprises 18 Tunisian and 20 Moroccan companies listed respectively on Tunisian and Moroccan stock exchanges markets. The evaluation of the extent of CER is made on the basis of annual reports collected over the period from 2000 to 2007. The results of the quantitative analysis show that CER is made mainly to shareholders and investors. The influence of corporate culture, economic and financial performances, company's industry, size and country's origin is confirmed. Furthermore, a qualitative analysis is conducted on 10 companies selected from the initial sample. The results reveal that the company's level of internationalization, being a subsidiary of multinational renowned for its commitment to sustainable development, the size of the auditor and the composition of the Board explain the extent of the CER of Tunisian and Moroccan companies. Communication environnementale Theorie des parties prenantes Entreprise cotee Maghreb Analyse quantitative Corporate environmental disclosure Stakeholder theory Listed company Maghreb Quantitative analysis 658.1
6	論外資收購中國上市公司法制-以併購流程為中心 / The legal system of Acquisitions of Listed Companies by Foreign Investors in China: Fro the Perspectives of M&A Procesdures 廖祐宗, Liao, Yu Tsung Unknown Date (has links) 改革開放以來，跨境併購成為中國經濟發展的重要力量。越來越多的外國投資者通過併購中國企業股權和資産，以利用中國的低廉勞動生産力或取得巨大的市場空間，各種跨境併購活動方興未艾。上市公司併購是一個複雜的過程，從控股股東的併購動機，到整個交易過程中的各個具體環節所發生的變化，都會最終影響到併購重組的效果和利益在各方的分配。而過程中所產生的風險及問題，都顯示出外資在大陸執行併購時的「如履薄冰」。外資併購大陸公司的每個案例都如同一場商業諜戰，而法律正是這場戰役中，每個人所握有的重要武器。本文期能以外資的角度爲出發點，以外資併購大陸上市企業的併購管理流程爲軸，以大陸外資併購的相關法律規範爲緯，從併購管理流程的角度，思考過程中相關的法律操作實務，協助實務工作者瞭解整體併購過程的相關併購規範，並於執行併購中，能按圖索驥，按步執行併購作業，避免投資中國的徒勞無功。本研究共分為五章，首先說明中國經濟體制及法律變革。第二章主要說明外資在大陸特殊政經情勢下的併購發展及所適用的相關法律。第三章主要說明外資併購中國上市公司時的操作流程，並且從企業管理的角度及法律角度說明兩者的差異。本研究最終歸納外資併購大陸上市公司流程區分為併購的預備、調查、簽約及履約四大階段及十個流程。第四章則針對上述每個階段的流程，分析一併購交易中會面臨的法律風險及問題，並於行文中，說明相關參考案例。第五章則說明本文的結論及重要觀察。 / Since the reform and opening-up policy , the Cross-border M&A plays the important role in China. In order to take advantage of lower cost productivity or grab the attractive market shares, more and more foreign investors use the M&A to obtain the stocks or assets. The M&A in listed companies is a complicated processdures. Each segments of the M&A processdures has different impacts for the effects of the M&A. Foreign investors faced lots of the risks and challengeswhile they try to initiate the M&A plan. M&A cases seems like the spy games in the business war filed and law is the major weapon during the attacts and defenses. The research is based on the foreign investors view and constructs the thesis by M&A processdures and M&A regulations. From the perspectives of the M&A processdures, the research will build the step-by-step processes and assist the practioniers to execute the M&A effectively. The rewearch has five chapters. The first chapter is to introducethe economical mechanisms and the regulation systems in China. The second chapter is to deliberate the major M&A cases in China and explore the M&A related regulations. The third chapter is focus on the analysisM&A prcessdures and construct the specific processdures, including four processes (M&A preparation, M&A investigation, M&A contract and M&A execution) and ten segments. Specifically, the fourth chapter covers the analysis of the business and law insights for each segment. Finally, the fiveth chapter concludes the observations. 外資併購併購流程中國上市公司 Foreign investors M&A M&A procesdures listed company in China
7	La société familiale cotée : l'exemple des sociétés chaebol coréennes / Family-owned listed company : the example of korean chaebol Koh, Agnès Ryo-Hon 14 December 2015 (has links) Les sociétés familiales sont les plus anciennes, les plus nombreuses et les plus importantes de notre économie. Pourtant, elles ne font l’objet d’aucune définition légale et n’ont que rarement suscité l’intérêt du juriste. Nous avons donc cherché à caractériser la société familiale en nous intéressant plus particulièrement à certaines d’entre elles, les sociétés cotées sur le marché financier. La société cotée familiale combine deux univers, la famille et le marché, qui sont fondés sur des valeurs et des modes de fonctionnement diamétralement opposés. Cette opposition nous permet de mieux distinguer les spécificités, mais également les risques attachés aux sociétés familiales. C’est à travers l’exemple des chaebol, des conglomérats familiaux coréens, que cette étude a été menée. L’analyse emprunte une méthode comparative où les sociétés chaebol sont opposées aux sociétés familiales françaises. Notre étude a permis de mettre en évidence l’impact du contrôle familial sur le fonctionnement de la société cotée. Elle souligne également l’échec relatif du transfert des normes américaines dans l’environnement coréen, confirmant ainsi la théorie de la dépendance au sentier. Parallèlement, cette étude invite à réfléchir sur la réception possible du droit français, plus proche de la réalité coréenne / Family-owned companies contribute the largest share to our economy. Yet, there is still no legal definition of what a family-owned company is and the topic has not drawn a lot of interest from legal academics. This study aims at differentiating family-owned companies by focusing more specifically on companies listed on a financial market. Family-owned listed company combines two worlds, family and financial market, which are based on diametrically opposed values and modus operandi. This conflict helps us to understand the specific features of these companies, as well as the risks attached to them. Taking the example of the chaebol, the Korean family-owned conglomerates, we highlighted the impact of the family control on the management and the governance of these groups. We compared French and Korean companies and legal frameworks, drawing the conclusion that the French legal system might have been a better fit to the Korean environment than American rules. Our research also underlines the relative failure of the transplant of U.S. standards in South Korea, which can be explained by the theory of path dependence. Société familiale cotée Contrôle familial Société coréenne Droit coréen des sociétés Droit coréen des marchés financiers Chaebol Groupes familiaux Gouvernance d'entreprise Marché financier Droit comparé des affaires Family-owned listed company Family control Korean company Korean business law Korean financial market law Chaebol Family group Corporate governance Comparative business law
8	La protection des actionnaires minoritaires dans les sociétés anonymes : étude comparative du droit français et du droit chinois / The protection of minority shareholders of companies limited by shares : a comparative study of french law and chinese law Li, Xiaoshan 22 June 2011 (has links) La présente étude a pour objet de montrer que les moyens de la protection des actionnaires minoritaires en droit chinois et en droit français ne sont pas soumis à des critères fondamentalement différents. Dans les sociétés anonymes, les règles juridiques visent à trouver un équilibre des rapports entre les actionnaires majoritaires et minoritaires, ainsi qu’entre les actionnaires et la société ou le groupe de sociétés.C’est l’intérêt social et le principe d’égalité qui guident le législateur et le juge de proposer des solutions convenables.Il importe de noter qu’en droit français, les dispositions sur les responsabilités et les moyens de recours pour les minoritaires sont d’applications faciles qu’en droit chinois. D’ailleurs, la recherche de l’acquisition des sociétés cotées chinoises sous l’angle de la protection des minoritaires, tout à fait différent à l’offre publique en droit français, présente les particularités du marché réglementé chinois et mérite que les investisseurs étrangers découvrent davantage. / The dissertation aimed to point out that the methods of the protection of minority shareholders in Chinese law and in French law are not subject to the different criteria. In company limited by shares, the legal provisions intend to find a balance of relation between majority shareholders and minority shareholders, and between the shareholders and the company or group of company. It is corporate profits and the principal of equality that direct legislators and judges to suggest applicable solutions.It is important to notify that in French law, legal provisions about the responsibility of majority shareholders or company leaders and the ways of resort of minority shareholders provide reference for improvement of Chinese law. Besides, the study of acquisition of chinese listed companies, looked from the angle of the protection of minority shareholders, very different from tender offer in French law, demonstrate the characteristics of Chinese stock market and deserve foreign investors’ enough attention. Droit chinois Actionnaire minoritaire Droit à l'information Droit de vote Abus de majorité Intérêt social Droit aux bénéfices Action sociale ut universi Action sociale ut singuli Marché financier chinois Négociation d'un bloc de contrôle Offre publique Devoir de loyauté Principe d'égalité France Chine Chinese law Minority shareholder Voting right Abuse of majority Company profits Property rights of minority shareholders Rights of profit sharing Shareholders derivative suit Direct action Chinese stock market Takeover agreement Tender offer Fiduciary duty Principal of equality Company limited by shares Listed company Minority stockholders Legal protection France China

Search results