/library/oar/handle/123456789/30866 2025-11-12T18:49:09Z 2025-11-12T18:49:09Z Lameira, Valdir /library/oar/handle/123456789/31073 2018-06-19T01:26:05Z 2013-01-01T00:00:00Z

Title: Value and governance of the Brazilian corporations : how is the relationship between these variables? Authors: Lameira, Valdir Abstract: This study estimated the quality of governance practiced by a significant sample of Brazilian publicly traded companies between 2002 and 2006, and related it to risk, performance and value. An index composed of twenty questions, with all answers in binary form, was constructed to measure the quality of governance. Hausman test was used and the results showed endogeneity between governance and value. Afterwards the structural equations method was applied and constructed several models involving the relationships among governance; performance measured by roe (return on assets) and ets (ebit-to-sales); risk measured by the wacc (weighted average cost of capital), and value measured by mts (market-to-book sales) and mtbv (market-to-book value). Statistically significant results between higher levels of governance, lower risk, better performance and higher value were observed.

2013-01-01T00:00:00Z Arthus, Emilia G. Alvarez, Mercedes T. /library/oar/handle/123456789/31071 2018-06-19T01:26:02Z 2013-01-01T00:00:00Z

Title: Corporate social responsibility and sustainable development Authors: Arthus, Emilia G.; Alvarez, Mercedes T. Abstract: Corporate social responsibility (CSR) meaning the active and voluntary contribution of firms to enhance welfare, is achieving a greater importance in Business administration as an intangible asset which management generates competitive advantages and promotes sustainable development. This work indentifies similarities between CSR management and Intellectual Capital management, this one meant as those activities which help us to manage the knowledge of the firm. Our aim is that firms understand the importance of considering CSR as a corporate strategy that enhances the value of the organization, and that they become conscious about its efficiency and efficacy.

2013-01-01T00:00:00Z Thalassinos, Eleftherios I. Venediktova, Bozhana Staneva-Petkova, Daniela Zampeta, Vicky /library/oar/handle/123456789/31070 2018-06-19T01:26:03Z 2013-01-01T00:00:00Z

Title: Way of banking development abroad : branches or subsidiaries Authors: Thalassinos, Eleftherios I.; Venediktova, Bozhana; Staneva-Petkova, Daniela; Zampeta, Vicky Abstract: The purpose of the study is to show what kind of risks would have emerged for bank depositors if there are economical and political risks in a given country. For example, as is the case with the crisis in Greece, a threat or salvation for the banking organizational forms abroad exists regarding which type of bank development is more efficient, branches or subsidiaries. Respectively why do the big banks prefer to operate through branches and those which are focused on retail sales through subsidiaries? What impact could the political and economic risks have on the required reserves on the parent bank? Does the decision depend on the applied organizational form of the bank or on other reasons?

2013-01-01T00:00:00Z Karagiorgos, Theofanis Melas, Dimitrios Fasitsas, Loucas /library/oar/handle/123456789/31069 2018-06-19T01:26:00Z 2013-01-01T00:00:00Z

Title: The effectiveness of a law and society’s affluence : the paradox of Cyprian legislation’s reform Authors: Karagiorgos, Theofanis; Melas, Dimitrios; Fasitsas, Loucas Abstract: The purpose of this research is to show and to analyze the problems that appeared after the Cyprus legislative change οn the 1st January 2003 and mainly to point out the reactions of the shareholders of the off - shore companies, due to the changes of the tax legislation. Our theoretical model considers that a law in the Capital Market is effective, if it increases the expected social prosperity. In our analysis we examined the Bayesian model approach of the effectiveness of the law whose base was to analyze the data supports of the opinion from the asked company consultants.

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