Thèses : « Corporations – Finance – Case studies »

1

Barton, Linda Estes. « Experiences of six Indiana school corporations using fiscal year budgets as perceived by their superintendents and business officials ». Virtual Press, 2001. http://liblink.bsu.edu/uhtbin/catkey/1214970.

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This study described and analyzed the experiences of administrators in six Indiana school corporations that adopted a school-year budget under authorization provided by Public Law 50 (PL 50-1996). The study had the following objectives: (a) to identify reasons why school corporations became involved in the pilot project, (b) to determine what happened as a result of the pilot project, (c) to determine if the pilot project was perceived as successful by the school officials in the pilot group, and (d) to identify recommendations of superintendents and business officials about further use of a fiscal year budget in Indiana school corporations. A qualitative research methodology was used in this study. Data collection consisted of interviews with superintendents and business officials in the pilot group during January 2000.The administrators joined the pilot group because they believed all Indiana school corporations would eventually convert to a fiscal year budget and that their experiences would facilitate the conversion. They supported the concept of a fiscal year budget because it was congruous with the school-year. During implementation of the fiscal year budget, the administrators felt abandoned and did not receive the support they expected. Yet, based on their experiences with a fiscal year budget, the administrators supported a conversion to a fiscal year budget for all school corporations. Administrators recommended the state phase-in a fiscal year budget for other non-pilot school corporations.These findings suggest that administrators had valid reasons for joining the pilot group. In addition, administrators viewed the absence of key leaders at the state level as problematic for the pilot project. Based on the evidence, it appears that a fiscal year budget produced the following advantages for the participating corporation administrators: (a) allowed for better tracking of expenditures, (b) required less work to determine the cost of a school-year program, (c) allowed for more freedom in the summer, and (d) provided for a less stressful year-end. The success of the pilot group did not produce support for fiscal year budgets from either non-pilot school corporation officials or from state officials. Recommendations for piloting policy change and for further study on fiscal year budgets are included.
Department of Educational Leadership

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2

Chan, Wah-chan, et 陳華燦. « Financial appraisal of computer projects in a large nonprofit organization ». Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1988. http://hub.hku.hk/bib/B31263999.

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Lahiani, Mohamed. « The capital structure puzzle : On the existence of an optimal capital structure ». CSUSB ScholarWorks, 2003. https://scholarworks.lib.csusb.edu/etd-project/2350.

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Corporate finance researchers have long been puzzled by low corporate debt ratios given debt's corporate tax advantage. What makes the capital structure debate especially intriguing is that the different theories represent such different, and in some ways almost diametrically opposed, decision-making processes.

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4

January, Carol. « Studies in the effectiveness of cash flows from operating and investing activities as possible early indicators of bankruptcy ». Thesis, Stellenbosch : Stellenbosch University, 2001. http://hdl.handle.net/10019.1/52464.

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Thesis (MBA)--Stellenbosch University, 2001.
ENGLISH ABSTRACT: Users of Cash Flow Statements expect the information provided as cash flow from operating and investing activities to serve as a possible indicator that the company is facing bankruptcy. Traditionally, companies disclose depreciation as an operating activity and replacement of fixed assets as an investing activity. Companies that direct cash payments toward dividend and future expansion without addressing replacement of fixed assets are creating an unrealistic picture of their operating and investing activities. Generally accepted accounting practices (GAAP) have limited its disclosure requirements and has not addressed the issue of separating the expansion of fixed assets from replacement. This mini-study project researches the impact of disclosing depreciation as an investing activity and the replacement of fixed assets as an operating activity. Based on the findings, it is recommended that GAAP make it a requirement that the replacement and expansion of fixed assets be disclosed separately. It is further recommended that either depreciation be disclosed as an investing activity, or that replacement of fixed assets be disclosed as an operating activity on the Cash Flow Statement. The methods of disclosure investigated in the study will lead to an improvement in the ability of the two activities to serve as possible early indicators of bankruptcy.
AFRIKAANSE OPSOMMING: Gebruikers van kontantvloeistate verwag dat die inligting wat verskaf word van die bedryfs- en investeringsaktiwiteite as 'n moontlike indikator van die ondergang van die onderneming moet kan dien. Waardevermindering word tradisioneel as 'n bedryfsaktiwiteit openbaar, terwyl die vervanging van vaste bates as 'n investeringsaktiwiteit openbaar word. Ondernemings wat direkte kontantbetalings as dividende en toekomstige uitbreiding openbaar sonder dat die vervanging van vaste bates aangespreek word, skep 'n onrealistiese beeld van hul bedryfs- en investeringsaktiwiteite. Algemeen aanvaarde rekeningkundige beginsels het die openbaarmakingsvereistes beperk en spreek nie die skeiding tussen uitbreiding van bates en die vervanging daarvan aan nie. Hierdie mini-werkstuk ondersoek die impak van die openbaarmaking van waardevermindering as 'n investeringsaktiwiteit en vervanging van vaste bates as 'n bedryfsaktiwiteit. Gebaseer op die bevindinge word daar aanbeveel dat die algemeen aanvaarde rekeningkundige beginsels dit 'n vereiste maak dat die vervanging en uitbreiding van vaste bates apart openbaar word. Verder word aanbeveel dat waardevermindering as 'n investeringsaktiwiteit of vervanging van vaste bates as 'n bedryfsaktiwiteit in die kontantvloeistaat openbaar word.

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Amirkhanian, Alen G. (Alen Gasparian). « How effective are state venture capital funds in leveraging private sector financing : a case study of the Massachusetts Community Development Finance Corporation's Venture Fund ». Thesis, Massachusetts Institute of Technology, 1997. http://hdl.handle.net/1721.1/62934.

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Kanai, Rieko. « Case study : Applied Digital Solutions I3 services platform ». CSUSB ScholarWorks, 2001. https://scholarworks.lib.csusb.edu/etd-project/1734.

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The purpose of this project is to analyze whether i3 Strategy of Applied Digital Solutions (ADS) was necessary to meet the fast-moving IT industry. i3 Services Strategy is an integrated corporate strategy to reengineer the organizational structure of ADS.

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Gantsho, Mandla Sizwe Vulindlela. « Corporate entrepreneurship in development finance institutions an experimental case study design / ». Thesis, Pretoria : [s.n.], 2006. http://upetd.up.ac.za/thesis/available/etd-11152006-162242.

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Zeitun, Rami M. A. « Firm performance and default risk for publicly listed companies in emerging markets a case study of Jordan / ». View thesis, 2006. http://handle.uws.edu.au:8081/1959.7/35666.

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Thesis (Ph.D.)--University of Western Sydney, 2006.
A thesis presented to the University of Western Sydney, College of Law and Business, School of Economics and Finance, in fulfilment of the requirements for the degree of Doctor of Philosophy. Includes bibliographies.

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Zeitun, Rami M. A. « Firm performance and default risk for publicly listed companies in emerging markets : a case study of Jordan ». Thesis, View thesis, 2006. http://handle.uws.edu.au:8081/1959.7/35666.

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This thesis examines the determinants of corporate performance and likelihood of default of Jordanian publicly listed companies. Despite the large body of work that has investigated the determinants of corporate performance and default, no comprehensive study has emerged in an emerging market. Indeed, most of the empirical research on corporate performance and failure has been conducted in the developed markets such as the USA and the UK. This is the first rigorous and comprehensive study to examine empirically the determinants of corporate performance and failure of the publicly listed companies in an emerging market of Jordan. Also, it is the first study to present evidence on the determinants of corporate performance and failure in the Jordanian market using microeconomic and macroeconomic variables. Another objective of the research is to investigate the effect of the two financial systems on corporate health, since two banking systems operate in Jordan. It is also the objective of this thesis to investigate the effects of external shocks on Jordanian corporate performance and failure, especially those occurring within the Middle East region such as the Gulf Crisis 1990-1991 and the outbreak of the Intifadah in September 2000. Our study uses time-series and cross-sectional data of the publicly traded companies on the Amman Stock Exchange over the period 1989-2003. The study examines the determinants of capital structure and corporate performance using the random effects model and the pooled ordinary least squares (OLS) regression method. The study also examines the determinants of corporate failure (default) using the Logit model. A firm’s tangibility is found to have a positive and significant impact on a firm’s capital structure, while it has a negative impact on the short-term debt to total assets ratio. Firm profitability, liquidity, and stock market activity are found to have a negative and significant impact on a firm’s capital structure. The analyses show that a firm’s capital structure is negatively and significantly related to corporate performance, but positively and significantly related to its failure. The Gulf Crisis 1990-1991 had a positive impact on corporate performance, while the outbreak of Intifadah had a negative effect on corporate performance. The study also highlighted the importance of industrial sectors in determining corporate performance. Ownership concentration measured by the largest five shareholders was found to be positively and significantly related to corporate failure in both the cross-sectional sample and the panel data sample. The analysis also found that there is a non-linear relationship between a firm’s performance value and ownership structure. Another important finding is that Islamic banks' credit has an important and significant impact in increasing a firm’s performance measure return on assets (ROA). Unexpected changes in interest rates are found to be negatively and significantly related to corporate default (failure). This implies that corporate performance and distress, or insolvency, are affected by their capital structure, ownership structure, cash flow, and macroeconomic variables.

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Czapek, Nancy E. (Nancy Elizabeth). « Strategies for creating effective industrial development corporations : three Massachusetts case studies ». Thesis, Massachusetts Institute of Technology, 1990. http://hdl.handle.net/1721.1/65442.

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Lau, Po-wah Chris, et 劉寶華. « Japanese business networks : Hong Kong case studies ». Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1997. http://hub.hku.hk/bib/B30433265.

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Lau, Po-wah Chris. « Japanese business networks : Hong Kong case studies / ». Hong Kong : University of Hong Kong, 1997. http://sunzi.lib.hku.hk/hkuto/record.jsp?B18831394.

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13

Aborbie, Solomon. « Narrowing the Gap of Financial Fraud Detection in Corporations ». Thesis, Walden University, 2015. http://pqdtopen.proquest.com/#viewpdf?dispub=3688003.

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Business leaders remain exposed to financial and accounting fraud as well as loss of profitability, despite the dictates of the SOX Act of 2002. The most challenging aspect of corporate management is the unexpected nature of an emerging, existing, or an inherent financial risk. Guided by the evolution of fraud theory, this exploratory case study's purpose was to identify and explore the financial management strategies that corporate financial managers need to adequately protect investors. Twenty participants from a population group of corporate auditors of Fortune 1000 corporations within 70 miles of Columbus, Ohio provided input for this study. Data from the interviews were analyzed through coding, reviewing, categorizing, and combining common statements. The research findings included themes of knowledge and types of risks; the impact of financial fraud and risks on investment; the impact of accounting, auditing, and financial reporting standards; as well as financial management training to minimize audit expectations. These themes formed the focus of exploring the financial management strategies that corporate financial managers need to adequately protect investors and investments. In addition to the antifraud measures, financial managers may detect and control inherent risks in emerging opportunities for positive social change that includes enhanced knowledge in diversification of investments, an increase in economic resources, economic growth, and greater employment in the United States.

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14

Simon, Joshua M. « Strategic options for capacity building in community development corporations : property management case studies ». Thesis, Massachusetts Institute of Technology, 1990. http://hdl.handle.net/1721.1/70187.

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Al, Yahyaee Khamis Banking &amp Finance Australian School of Business UNSW. « Capital structure and dividend policy in a personal tax free environment : the case of Oman ». Awarded by:University of New South Wales. School of Banking and Finance, 2006. http://handle.unsw.edu.au/1959.4/31960.

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This dissertation examines four specific aspects of capital structure and dividend policy. The first issue concerns the determinants of capital structure dynamics. The primary objective is to examine whether stock returns are important factors in firm???s capital structure choice, and if so, whether this effect is persistent. In so doing, we use a data set which (1) avoids the complexity of tax rates faced by previous studies, (2) we introduce new variables that are unique to Oman, and (3) we distinguish empirically between bank debt and non-bank debt. We find stock returns are a first order determinant of capital structure. Firms do show some tendency to rebalance towards their target capital structure. However, the impact of stock returns dominates the effects of rebalancing. We also find new evidence that firms do take countermeasures to offset changes in their leverage that stem from equity value variations, but do so at a low speed. The next topic studied concerns the ex-dividend day behaviour. We investigate this issue using a unique data set where there are no taxes on dividends and capital gains and stock prices are decimalized. In this economy, any price decline that is smaller than the dividends can not be attributed to taxes and price discreteness. We find that the stock price drops by less than the amount of dividends and there is a significant positive ex-day return. We are able to account for our results using market microstructure models. The third issue investigated is the stock price reaction to dividend announcements. Tax-based signaling models argue that dividends would not have information and be informative if it is not for the higher taxes on dividends relative to capital gains that they apply to shareholders. The absence of personal taxes in Oman presents a valuable opportunity to test this prediction. Our results show that the announcements of dividend increases (decreases) are associated with a stock price increase (decrease) which contradicts the tax-based signaling models. The final chapter analyzes the determinants and stability of dividend policy of financial and non-financial firms. Investigating this issue is important for at least two reasons. First, Omani firms distribute almost 100% of their profits in dividends which led the Capital Market Authority (CMA) to issue a circular (number 12/2003) arguing that firms should retain some of their earnings for ???rainy days???. This allows us understand the characteristics of firms that pay dividends. Second, firms are highly levered mainly through bank loans which render the role of dividends in reducing the agency costs less important. Unlike most previous studies, we include both dividend paying and non-dividend paying firms to avoid a selection bias. We find that there are some common factors that determine dividend policy of both financial and non-financial firms and there are some factors that affect only non-financial firms. We also find that the factors that influence the probability to pay dividends are the same factors that drive the amount of dividends paid for both financial and non-financial firms. We document that non-financial firms adopt a policy of smoothing dividends while financial firms do not have a stable dividend policy.

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Moser, Titus. « Transnational corporations and sustainable development : the case of the Colombian and Peruvian petroleum industries ». Thesis, University of Cambridge, 1998. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.340768.

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Brown, Louisa Jenkins. « The dynamics of change among community development corporations in Inner North/Northeast Portland, 1987-2006 ». PDXScholar, 2011. https://pdxscholar.library.pdx.edu/open_access_etds/81.

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This project is a comparative case study of five Community Development Corporations (CDCs) that emerged in the seven central neighborhoods of Inner North/Northeast Portland, Oregon in the late 1980s. Of the five organizations that began at that time, only two exist currently. Analyzing how and why these organizations rose and fell, merged and failed, struggled and survived in a compressed time frame and geographic area will elucidate the different paths that each organization chose in a neighborhood that changed from derelict to gentrified. Drawing on the overlapping bodies of literature that cover low-income and affordable housing development, CDC structure and evolution, and neighborhood revitalization, this study will highlight issues of local government participation in the expansion of CDCs and a changing community context. The choices that organizations made, or were compelled to make, in response to these particularly local conditions contribute either to their fortitude or their demise. This case study is intended to fill in gaps in the existing CDC and gentrification literature and to contribute an understanding of survival strategies for CDCs in an intensely competitive environment.

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Tsai, Soo-Hung Terence. « Environmentalism in policy formation and management : the case of multinational corporations in China and Taiwan ». Thesis, University of Cambridge, 1997. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.389441.

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Reade, Carol Elizabeth Wasbauer. « Organisational identification of managers in multinational corporations : a quantitative case study in India and Pakistan ». Thesis, London School of Economics and Political Science (University of London), 1998. http://etheses.lse.ac.uk/1490/.

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This thesis set out to address a prescription that is sometimes made in the management literature. The prescription is that it is vital for MNC employees worldwide to share the core values and goals of the parent organisation, that is, to identify with the organisation as a global entity. The starting point for the present research was not only the prescription itself, but the apparent underlying assumption that exclusive identification with the organisation as a global entity is both possible and desirable. The thesis empirically examined, with the aid of social identity theory, whether managerial employees of MNC subsidiaries might have another main identification foci within the organisation, namely, their local subsidiary. It also examined whether there might be differential antecedent conditions and outcomes of identification with the local subsidiary and the organisation as a global entity. Additionally, the study examined whether those respondents who strongly identify with both levels of the organisation 'outperformed' other respondents. Finally, the study examined whether the type of MNC subsidiary might have an effect on local/global patterns of employee identification. The results of the research indicate that identification in the MNC is not a monolithic phenomenon. Respondents drew a distinction between their subsidiary and the MNC as a global entity. Identification with each level of the organisation was found to have differential antecedent conditions and outcomes. Identification with the global level of the organisation revealed a positive association with a willingness to exert effort for the MNC as a whole, while identification with the subsidiary level of the organisation revealed a positive effect on the desire to remain a member of the organisation over the long term. Those respondents who strongly identify with both levels of the organisation did not 'outperform' other respondents. The type of MNC subsidiary appears to have an effect on local/global patterns of employee identification.

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Conway, John Edward. « The risk is in the relationship, not the country : politics and mining in Kazakhstan ». Thesis, University of St Andrews, 2013. http://hdl.handle.net/10023/4502.

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How do we account for foreign firms that are successful in politically “risky” countries? While traditional political risk indices may tell us why a country is considered a difficult operating environment, they tell us very little about why some foreign firms are nevertheless able to operate successfully in such countries over long periods of time. In fact, risk indices by their very nature make “success” almost impossible to capture due to their sole focus on “host country” behavior. Rather, as this thesis argues, the political risk is in the relationship between the firm and a series of stakeholders within a given country, not the country itself. This is a thesis of deviant cases: it holds the “successful relationship” between a foreign firm and its stakeholders as the constant dependent variable in the “significantly risky” country of Kazakhstan. Success is defined as the ability of each actor to pursue its own goals to a self-satisfactory degree, with the resources an actor mobilizes to achieve those goals and the constraints that restrict those resources as the independent variables. Three self-contained cases of “successful” foreign mining firms operating in Kazakhstan are analyzed here to determine the distinct causal pathways that led each firm to seeming “success”; the thesis then pivots to a between-subjects examination aimed at drawing out the common themes among the three different foreign firms. Within international relations theory, the relationship between the foreign firm and its stakeholders is considered here as a window into the intersection of the international political economy and the domestic political economy of a country in transition, but critically, allotting agents and structures equal ontological status. Thus the ultimate aim of this investigation is to enrich our understanding of social behavior – here, co-existence – within the context of the agent- structure debate in larger social scientific inquiry.

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Korkchi, Setareh, et Azalée Rombaut. « Corporate Social Responsibility : A Case study on Private and Public Corporations in Sweden ». Thesis, Södertörn University College, School of Business Studies, 2007. http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-975.

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Corporate Social responsibility (CSR) has become a key issue for today’s corporations. This type of responsibility refers to the continuing commitment of businesses to voluntarily behave ethically and contribute to economic development while simultaneously improving the quality of life of the workforce, families, local community and society at large. While traditional business models primarily emphasize the economic aspects of a company’s activities (e.g. profitability and growth), the modern one stresses the social and environmental impacts. Recent scandals have put customers’ trust on the frontline, leading to an exponential growth in the interest of corporate social responsibility. Today, unethical behavior can no longer hide in the dark waiting around for an investigation to ensue. Wrongdoings are in an instant communicated to the world via computers and broadcasted by media. Consequently, it is no longer about what corporations say they will do but rather when and how they will do it.

Findings and resulting conclusions show that although there is a lack of definitional clarity of the notion of CSR, the concept is embodied by and refers to the triple bottom line: Profit, People and Planet. CSR can be implemented through codes of conduct, contracts, education, training, guidelines and principles.

The benefits of having a CSR engagement program are numerous and include strengthening profits, enhancing brand recognition and reputation, risk management and boosting employment relations.

Motives behind having good CSR include social betterment and sustainable change. It is about building up a well-functioning corporation that possesses strong values and can manage risks and become a more competitive brand. The brands that will succeed in the future will be those that tap into the social changes that are taking place today.

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Hui, Kwan-wah Hugo, et 許坤華. « A case study on a Chinese family business ». Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1994. http://hub.hku.hk/bib/B42574250.

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Pratt, Bruce A. « The status of and the impact of leadership on worksite health promotion activities in the public school corporations of Indiana ». Virtual Press, 2001. http://liblink.bsu.edu/uhtbin/catkey/1221274.

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The purpose of this study was to determine the status of health promotion activities provided by Indiana public school corporations for their employees and the impact of corporation leadership on the provision of these activities. The subjects of this study were Indiana public school superintendents. All 291 superintendents were mailed the survey instrument created by the researcher for this study and there were 227 (78%) responses.The results showed that 54% of the responding Indiana school corporations provided some type of health promotion activity for employees on a corporation-wide basis. The primary reason school corporations provided health promotion activities for employees was to keep employees healthy. The major impediment in providing health promotion activities for employees was a lack of resources. School corporations in rural settings were less likely to provide health promotion activities for employees. School corporations were more likely to provide health promotion activities for employees as the number of full-time employees increased. This study also found a relationship between the importance a superintendent placed on providing health promotion activities for employees and the provision of those activities in a school corporation. As worksites, Indiana public school corporations have not met the national goals and objectives for worksites found in Healthy People 2010.
Department of Educational Leadership

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Leion, Maria. « Construction Assistance in Housing Micro Finance : A case study of Génesis Empresarial in Guatemala ». Thesis, Stockholm University, School of Business, 2006. http://urn.kb.se/resolve?urn=urn:nbn:se:su:diva-6556.

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The use of construction assistance is discussed upon in the micro finance sector. Many MFIs and their donors argue that MFIs should only provide financial services and that the cost of providing the service is not justified compared to its impact . But since construction assistance is a fairly new service in housing micro finance is it also so, that many of the MFIs don’t know what constructions assistance involves and what the impact is on the MFI and the end client. Therefore it is important to investigate and describe what construction assistance actually involves, what is the impact of construction assistance on the delivered service and can it be done in a financially sustainable way from the MFIs point of view? According to my investigations construction assistance raises and assures the quality of the home improvement and therefore the home itself. It also contributes to economic impact by raising the general quality of housing in the target area, but also to socio-political and personal impact by increasing the families’ asset and raising their self esteem. Construction assistance can also raise financial sustainability through the employment of cost-reducing systems such as construction and design programs. But it can also reduce the transaction costs that result from information asymmetry and moral hazard for both financial intermediaries and clients through the socio economic study and the actual time that the credit assessor spends with the client. The outreach is improved through the MFIs ability to discover and monitor the clients changing need by the help of construction assistance and it also improves the MFIs targeting mechanism through different marketing and promoting actions.

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Buavaraporn, Nattapan. « Business process improvement methodology adoption for improving service quality : case studies of financial institutions in Thailand ». Thesis, University of Nottingham, 2010. http://eprints.nottingham.ac.uk/11554/.

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To stay competitive and sustain long-term profitability, Business Process Improvement (BPI) methodologies have become strategically important for financial institutions in recent years. These include well-known approaches such as Total Quality Management (TQM), Business Process Reengineering (BPR), Six Sigma and Lean. The customer-focused themes of BPI should be of particular interest to service practitioners, in order to achieve both process excellence and superlative customer service. The adoption of BPI in the financial services sector, however, still appears to be at an early stage. There is limited empirical research reported in the academic literature. This research therefore explored the existing phenomena of BPI adoption through case studies, carried out in leading Thai financial institutions. The study was carried out in three main phases, following a literature review of BPI and service quality issues, which provided the initial theory context. First, three case companies were investigated to find out how the financial institutions introduced BPI, and conducted BPI projects. The resulting insights helped to develop a theory model that aimed to provide understanding of the outcomes of BPI initiatives, in this context. The second research phase refined and validated the proposed theory model, aiming to elevate the conceptual level of the findings. The empirical data was analysed, by iterating between observed evidence and the literature, also using experts’ comments and suggestions. In the final phase, the key relationships in the evolving theory model were established and verified, employing further empirical evidence from revisiting the case studies, specifically focusing on four important areas of financial services. A final theory model was proposed, and in a further development aimed at practitioners, this model was used as the basis for a proposed BPI evaluation framework, taking account of current performance measurement approaches. This research contributes to knowledge in the area of quality management, in particular to BPI methodology and service quality for the financial services sector, but potentially also in a broader context. The main contribution is the development of a theory model to explain how financial institutions adopt BPI methodology for improving service quality, providing a better understanding for managers in accurate targeting of the operations process to be improved, through BPI adoption. The model also provides a constructive foundation for further development of a practical BPI evaluation framework, at the project level. The proposed theory model is, therefore, considered a basis for further empirical work, both qualitative and quantitative, relating to the BPI in the services context.

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王鳳馨 et Fung-hing Wong. « An HR perspective on mergers & ; acquisition : an AT & ; T case study ». Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1996. http://hub.hku.hk/bib/B31267749.

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Ackerman, Mariana. « Building cultural capital through value-driven leadership : a case study in an international finance company / ». Thesis, Rhodes University, 2006. http://eprints.ru.ac.za/923/.

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Barnhart, Linda Kay Arnold. « The hazards of being classified as small, rural, and wealthy two case studies / ». Access restricted to users with UT Austin EID Full text (PDF) from UMI/Dissertation Abstracts International, 2001. http://wwwlib.umi.com/cr/utexas/fullcit?p3035938.

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Li, Jiahui. « Employees' values, organizational communication climate, and organizational commitment : a study of multinational corporations in China ». HKBU Institutional Repository, 2008. http://repository.hkbu.edu.hk/etd_ra/923.

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Martinez, Nora Hilda. « Economic and institutional perspectives on the management of financial stress : Case studies from Mexico ». Diss., The University of Arizona, 1991. http://hdl.handle.net/10150/185469.

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Based on case studies of a private and a public Mexican university, this research studied the economic strategies adopted by institutions of higher education to respond to financial stress. Rather than assuming that these strategies were selected primarily on the basis of their economic efficiency, the social processes that led to their adoption were explored. Economic development theory (Schumpeter, 1934) was employed to describe and conceptualize the universities' responses to financial difficulties. The concepts of institutional rules and rational myths in the environment (Meyer and Rowan, 1977), and the processes that lead organizations to become similar to their environment (DiMaggio and Powell, 1983), were utilized to explore the role of the institutional environment on decision-making in times of fiscal uncertainty. The study was exploratory in nature, utilizing data collected through university documents and interviews with university administrators. The data was analyzed through analytical semantics and content analysis. Results indicated that financial stress was managed through economic measures, however the universities' institutional environments filtered and gave specific meaning to particular decision strategies. Institutional rules in the environment, acquiring the character of rationalized myths, permeated and determined decision-making choices, and were evidenced in and sustained by mimetic, normative, and coercive processes. Results suggest that (1) different approaches are concurrently useful in looking at the management of financial stress, (2) institutional theory can be applied to the study of decision-making and not only to explain structural arrangements, and (3) treatment of the institutional environment as a phenomenon to be studied is essential to future research employing institutional theory.

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Panagiotakopoulos, Panagiotis Tourkantonis Konstantinos. « Market perception of consolidations in the European defense industry from 2001 to 2009 a case of event studies ». Monterey, Calif. : Naval Postgraduate School, 2009. http://handle.dtic.mil/100.2/ADA501516.

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"Submitted in partial fulfillment of the requirements for the degree of Master of Business Administration from the Naval Postgraduate School, June 2009."
Advisor(s): Hensel, Nayantara ; Summers, Don. "June 2009." "MBA professional report"--Cover. Description based on title screen as viewed on July 16, 2009. DTIC Identifiers: European Defense Industry, event study, merger, consolidation, abnormal return. Author(s) subject terms: European Defense Industry, event study, merger, acquisition, consolidation, abnormal return. Includes bibliographical references (p. 55-57). Also available in print.

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Walters, Megan Ruth. « Institutional economics of corporate real estate management : a case study of HongKong Telecom / ». Thesis, Hong Kong : University of Hong Kong, 2002. http://sunzi.lib.hku.hk/hkuto/record.jsp?B25018620.

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駱秀蘭 et Sau-lan Rita Lok. « Infrastructure and project finance in Asia ». Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1998. http://hub.hku.hk/bib/B31269102.

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Masekoameng, Ramadimetja Catherine. « Evaluating the effectiveness of financial management in state owned enterprises:a case of Limpopo Economic Development Agency ». Thesis, University of Limpopo, 2016. http://hdl.handle.net/10386/1964.

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Fortner, Stephanie. « Community development corporations : can local government do more towards building the capacity of their CDCs ? » Virtual Press, 1999. http://liblink.bsu.edu/uhtbin/catkey/1136703.

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This thesis examines a comprehensive planning model to determine the level of citizen participation The purpose of this thesis was to document ways in which a local government can be a partner with its community development corporations (CDCs) rather than an obstacle. The paper used Indianapolis' CDCs and their support network as a case study. The research identified four needs of a CDC to build capacity: funding, technical assistance, political networking, and internal management. This document intended to find the sources of support to meet these needs in Indianapolis. In the end, the primary focus was not necessarily what local government gave to the CDCs, but how they delivered the needed resources.Interviews were conducted with several individuals in Indianapolis to explore the support network available to CDCs. Members of the Indianapolis support network included the Department of Metropolitan Development--Division of Community Development and Financial Services, the Indianapolis Neighborhood Housing Partnership (INHP), the Local Initiative Support Corporation (LISC), and the Indianapolis Coalition for Neighborhood Development (ICND). The questions asked of these individuals focused on how they fulfill the needs of the CDCs, and their perspective on the efforts of the local government.There are several characteristics and components to this support network in which another city could learn from or replicate. For instance, the local government should not be a reluctant supporter of it's CDCs. Building trust and long term relationships benefits the partnership between the city and CDCs. It is in the best interest of the CDCs if a local government encouraged a charitable environment. The local government needs to realize that the partnership with a CDC only works if there is a shared vision between the two. Finally, each member of the support network for the CDCs need to define what is really meant by the concept of partnership.
Department of Urban Planning

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Broadnax, Keith Gregory. « The impact of developing a community development corporation in a declining inner city African American community ». Virtual Press, 1995. http://liblink.bsu.edu/uhtbin/catkey/941696.

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This creative project has explored and analyzed the creation and development of Community Development Corporations (CDCs) from a historical perspective. This project also explores various CDC models and paradigms using people and place strategies; and the technical and empowerment paradigms. This project then traces the effects of urban policies, such as Urban Renewal and Model Cities, on the community development movement.In addition, this project examines the relationship of CDCs and the African American community. The project discusses power and powerlessness in the African American community, and explores self help community development models developed by individuals such as Booker T. Washington and W.E.B. Dubois.Finally, this project concludes with a case study on the Industry Neighborhood Council, Inc., Muncie, Indiana. It examines this CDCs activities from past to present, and suggests solutions for the growth and longevity of the CDC. To end, this project gives a synopsis of the community development movement and the opportunities and threats that lie ahead for CDCs.
Department of Urban Planning

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Kreston, Nicholas Alexander. « Post-Keynesian financial spaces, places, and flows : geographies of finance and financial crisis ». Thesis, University of Oxford, 2014. http://ora.ox.ac.uk/objects/uuid:3ea77af2-650c-456a-a4c2-5ee67c83d293.

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This dissertation is a reaction to the public policy failures that culminated in, prolonged, and exacerbated the 2008 financial crisis in the United States. Between the winter of 2007 and the summer of 2009, the US private economy contracted severely. As of the summer of 2014, after a five-year recovery period, employment losses have been restored, but employment growth has not returned the US to its pre-crisis trend. This outcome is not the effect of a transient deviation that regularly happens as the economy moves through the business cycle; nor should the troubles in the US financial sector appear historically anomalous. The world's premier capitalist economy is prone to bouts of financial dysfunction. This feature is not simply a matter of the irrational exuberance of its investors, the euphoria of its speculators, or the folly of its bankers. I argue here that political-economic choices structure the distribution of financial crises at multiple scales. Broadly speaking, I find that the effects of financial crises on growth are uneven, affected by institutional structure, and carry important ramifications for the direction of change in the provision of financial services and its regulatory system. The thesis features four empirical chapters. In the first, I perform an econometric analysis of the effects of a wide variety of financial crises on employment growth by economic sector, for a sample of countries over a thirty-year period. The final three chapters are a case study of the US experience with the 2008 banking crisis and asset market crash, focusing on the role of the banking regulatory system in allocating losses over territory, on the economic performance of metropolitan areas, and on the distribution of losses within the financial sector in two major financial centers, Los Angeles and San Francisco. I reach my conclusions by using standard methodological tools within the sub-field of economic-geography and conceptual insights from the sub-field of financial-geography.

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張裕積 et Yu-chik Jacky Cheung. « The role of work unit (Danwei) in urban housing reform of China : a case study on Guangzhou ». Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2000. http://hub.hku.hk/bib/B42128663.

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Yau, Sin-man, et 邱倩雯. « Tackling corporate fraud in Hong Kong : a casestudy of Sally Aw ». Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2000. http://hub.hku.hk/bib/B31979166.

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Lentswane, Moloko Peter. « The impact of development funding on community development : a case study of the National Development Agency in Makhuduthamaga Municipality in the Limpopo Province ». Thesis, University of Limpopo, 2013. http://hdl.handle.net/10386/1448.

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Thesis (M.DEV.) -- University of Limpopo, 2013
The study aims to provide insights into the nature and extent of development funding provided to various poverty eradication projects by the National Development Agency (NDA) and its subsequent impact on reducing poverty in the predominantly rural communities of the Makhuduthamaga Municipality in the Limpopo Province. It examines in detail the impact made by the NDA on community development through the disbursement of funds to poverty eradication projects. It also provides insights into the total number of the NDA-funded projects and the total proportion of the NDA-funds allocated to them in the Makhuduthamaga Municipality. The study further examines the nature of the NDA support regarding the design of the interventions, relevance, participation of communities, delivery modalities and sustainability. The effectiveness of the NDA-funded projects in community development is determined using employment opportunities created, income generated, skills transferred, assets accumulated, sustainability mechanisms and community empowerment indicators. Although all of these indicators are found to be tightly linked to the NDA’s mandate of poverty eradication, the extent to which the NDA has achieved its objectives in disbursing development funding earmarked for poverty eradication and strengthening of CSOs was yet to be determined, hence the relevance of this study. The study, therefore, highlights key issues regarding the types of employment opportunities created and levels of income emanating from the NDA-funded projects. The study further highlights various areas of community empowerment, financial and sustainability measures put in place for the sustainability of the NDA-funded projects. Using a combined method of research, that is the qualitative and quantitative case study approach, the study highlights in detail insights into the impact made by the NDA on community development, particularly on Makhuduthamaga Municipality. The study highlights that while the NDA made some strides in the creation of employment opportunities, income generation, food security and community empowerment, both financial and institutional sustainability proved to be a daunting challenge for the NDA-funded projects Tailor-made and accredited training interventions coupled with the introduction of market-driven products to the NDA-funded projects as opposed to heavy reliance on donor funding will go a long way in bringing about productivity and, most probably, positive balance sheets and the maximum impact on the NDA funded projects.

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Iliev, Ilian Petkov. « Venture capital organisations as actors in emerging economy systems of innovation : case studies of South Africa and Hungary ». Thesis, University of Cambridge, 2015. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.709092.

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Zheng, Tong. « Balancing the tensions between the control and innovative roles of management control systems : a case study of Chinese organization ». Thesis, Northumbria University, 2012. http://nrl.northumbria.ac.uk/8769/.

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Management Control Systems (MCS) have been intensively studied in organizational research in the past five decades. Most of existing studies, however, dominantly focus on the traditional control role of MCS. Recently, adequate attentions have been paid to the role MCS for innovation. By recognizing the importance of both control and innovative role of MCS, the MCS researchers have argued that the control and innovative roles of MCS are incompatible with each other. Dynamic tensions exist between them, and how to balance the dynamic tensions of these two contradict roles has emerged as an interesting topic in MCS research, especially in the context of Asian culture. Given the growth in interest of balancing traditional control role and innovative role of MCS, this study aims to explore ‘How do managers attempt to implement and balance the traditional control and innovative roles of MCS in a Chinese organization?’ Coherent with this research question, the main objectives of this study are to discover what kinds of tensions exist between control and innovative roles; how these tensions can be balanced. In addition, influencing factors and organizational capabilities in relation to balancing different tensions are explored. Taking social constructionism philosophical paradigm, an in-depth single case study is conducted by sampling a Chinese joint-stock commercial bank in China. Due to heavy regulations, the Chinese government imposed on banking industry, Chinese state-owned banks often over emphasize the control role. Chinese commercial banks, differently, have more freedom to introduce and implement MCS for innovation. To gain a deeper understanding of the phenomenon, a set of data, including semi-structured interviews with senior and middle level managers, observations of management meetings and secondary data including organizational internal and government reports, are collected. Template analysis is employed as the main data analysis technique with the assistant of Nvivo 8 qualitative data analysis software. The findings reveal that the Chinese managers use a wider range of MCS frameworks, including formal accounting and performance controls, as well as strong culture and social controls. In drawing upon these sources, three levels of tensions between control and innovative roles of MCS have been emerged: 1) MCS for controlling strategy implementation VS. renewing strategy; 2) MCS for controlling risks VS. exploring new business; 3) MCS for controlling employees’ behavior VS. enabling employees’ behaviour. Moreover, by discovering external environment and internal demand factors, this research identifies certain levels of organizational capabilities that are in relation to balancing different levels of tensions, including abilities of designing and implementing suitable MCS package, appropriate organizational structure, effective communication channels and information systems, positive organizational culture and leadership. This research presents a holistic picture of balancing the control and innovative roles in a Chinese organization in the context of banking industry. Proactively, this study provides Chinese organizations valuable information when designing their organizational MCS package as a whole. Furthermore, it offers valuable insights to the Chinese bank managers and guides them to balance the different tensions between control and innovative roles of MCS. By highlighting the cultural role in balancing the three levels of tensions, it is hoped that this research offers an alternative way to inspire Chinese banking institutions and individual managers to develop and use a suitable MCS package that can balance the dynamic tensions between the control and innovative roles of MCS.

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Abdullah, Mazni. « Compliance with international financial reporting standards (IFRS) in a developing country : the case of Malaysia ». Thesis, University of Stirling, 2011. http://hdl.handle.net/1893/3556.

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This thesis focuses on compliance with IFRS disclosure requirements in Malaysia. There are four objectives that this study attempts to achieve, namely: (1) to ascertain whether present regulatory enforcement is effective in curbing non-compliance with IFRS in Malaysia; (2) to determine whether corporate ownership structure, culture and corporate governance attributes have a significant influence on the extent of compliance with IFRS disclosure requirements; (3) to identify the factors of (non-) compliance with IFRS from the perceptions of preparers and auditors; and (4) to explore the reasons why an unqualified audit report was issued despite non-compliance with IFRS disclosure requirements. This study employs a mixed methods approach to achieve the stated objectives, where annual reports of 225 Malaysian listed companies are examined and interviews with regulators, preparers and auditors are conducted. The following findings are documented in this study. Although compliance with accounting standards is mandated by law, this study demonstrates that no Malaysian company has fully complied with IFRS disclosure requirements. Similarly, the companies examined still receive unqualified audit reports despite significant non-compliance with IFRS disclosure requirements. This study argues that merely mandating compliance with accounting standards by law does not result in full compliance with accounting standards if sufficient or stringent enforcement is not in place. The Malaysian economy is dominated by family-owned companies and government-owned companies; however, this study finds that there was not enough evidence to support the influence of these ownership types on the extent of compliance with mandatory disclosure requirements. Despite the importance of corporate governance mechanisms in enhancing financial reporting quality, this study finds that only board meeting, audit committee size and audit committee expertise are significantly associated with the extent of compliance with IFRS disclosure requirements. However, the association direction for audit committee expertise is puzzling, because the negative coefficient suggests that mandatory disclosure decreases with the presence of audit committee experts. This study also provides evidence that culture (ethnicity) has a significant influence on the extent of compliance with IFRS disclosure requirements. This study also contributes to the extant literature by documenting the factors of (non-) compliance with IFRS from the perceptions of preparers and auditors. These factors are the attitude of top management, problems with accounting standards, lack of enforcement, passive investors, materiality, accountants’ attitude, undeveloped capital markets and political excuse. These (non-)compliance factors in fact cannot be revealed by statistical analysis. This study finds that materiality and true and fair view are the two reasons suggested by interviewees that can explain why unqualified audit opinion was expressed despite non-compliance with IFRS. Nevertheless, this study argues that materiality and true and fair view override might also be used (or misused) as an excuse by auditors for not qualifying audit reports in the case of significant non-compliance with IFRS disclosure requirements, given the subjective and vague concept of both materiality and true and fair view.

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Acheampong, Josephine. « Green Financing : Financing Circular Economy Companies : Case Studies of Ragn-Sellsföretagen AB and Inrego AB ». Thesis, KTH, Entreprenörskap och Innovation, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-188677.

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The circular economy (CE) has been identified as a catalyst in sustainable development and economic growth that has the potential to move society from the traditional linear model of resource consumption in the form of take-make-waste to an innovative circular model in the form of reduce-reuse-recycle. Transitioning from the linear economy to the CE requires changes in four areas: material and product design, business models, global reverse networks and enabling business environments. This study considers the financing needs of CE companies as a result of business model changes. Through the case studies of Ragn-Sellsföretagen AB and Inrego AB, analysed with secondary data from ING Bank and primary data collected through semi-structured interviews with the case companies, this research sheds more light on the financing needs of circular economy companies and how they are financed. Findings from this research suggest that the financing needs of circular economy companies depend on the value proposition of the company. In accordance with the pecking order of capital structure, all financing needs of the companies studied are financed from internal sources, particularly retained earnings before external debt financing is accessed. Findings indicate the willingness of banks to finance circular economy companies. The results of this research suggest that the circular economy companies studied do not need financial support from the government or its agencies to succeed even though favourable laws are welcomed. They report that their long-term success depends on their ability to remain innovative in their business models, aligning with Schumpeter’s creative destruction model.

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Lau, Wing-han Vivian, et 劉詠嫻. « Rightsourcing of property management services in Hong Kong's retail banking corporations ». Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2003. http://hub.hku.hk/bib/B42576969.

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Al, Rababa'A Abdel Razzaq. « Uncovering hidden information and relations in time series data with wavelet analysis : three case studies in finance ». Thesis, University of Stirling, 2017. http://hdl.handle.net/1893/25961.

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This thesis aims to provide new insights into the importance of decomposing aggregate time series data using the Maximum Overlap Discrete Wavelet Transform. In particular, the analysis throughout this thesis involves decomposing aggregate financial time series data at hand into approximation (low-frequency) and detail (high-frequency) components. Following this, information and hidden relations can be extracted for different investment horizons, as matched with the detail components. The first study examines the ability of different GARCH models to forecast stock return volatility in eight international stock markets. The results demonstrate that de-noising the returns improves the accuracy of volatility forecasts regardless of the statistical test employed. After de-noising, the asymmetric GARCH approach tends to be preferred, although that result is not universal. Furthermore, wavelet de-noising is found to be more important at the key 99% Value-at-Risk level compared to the 95% level. The second study examines the impact of fourteen macroeconomic news announcements on the stock and bond return dynamic correlation in the U.S. from the day of the announcement up to sixteen days afterwards. Results conducted over the full sample offer very little evidence that macroeconomic news announcements affect the stock-bond return dynamic correlation. However, after controlling for the financial crisis of 2007-2008 several announcements become significant both on the announcement day and afterwards. Furthermore, the study observes that news released early in the day, i.e. before 12 pm, and in the first half of the month, exhibit a slower effect on the dynamic correlation than those released later in the month or later in the day. While several announcements exhibit significance in the 2008 crisis period, only CPI and Housing Starts show significant and consistent effects on the correlation outside the 2001, 2008 and 2011 crises periods. The final study investigates whether recent returns and the time-scaled return can predict the subsequent trading in ten stock markets. The study finds little evidence that recent returns do predict the subsequent trading, though this predictability is observed more over the long-run horizon. The study also finds a statistical relation between trading and return over the long-time investment horizons of [8-16] and [16-32] day periods. Yet, this relation is mostly a negative one, only being positive for developing countries. It also tends to be economically stronger during bull-periods.

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Cogo, Ileana <1990&gt. « Dalla MIFID 1 alla MIFID 2 attraverso la behavioural finance : case studies a confronto e analisi critiche ». Master's Degree Thesis, Università Ca' Foscari Venezia, 2018. http://hdl.handle.net/10579/13482.

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L’instaurazione di una relazione fiduciaria tra l’intermediario ed il clienmte presuppone, necessariamente, la transizione da un modus operandi improntato alla “vendita” del prodotto finanziario, verso una modalità operativa incentrata maggiormente all’aspetto relazionale tra i due attori. Premessa indispensabile a questo scopo è l’osservanza degli obblighi di condotta che disciplinano l’attività degli intermediari finanziari nella prestazione di servizi d’investimento, alla luce dei quali è dovere dello stesso intermediario effettuare, preliminarmente alla prestazione del servizio d’investimento, un’analisi del profilo del cliente / potenziale cliente, ottenendo da questi ogni informazione rilevante che possa contribuire ad una completa, veritiera ed esaustiva comprensione del suo status economico e finanziario nonché delle esigenze, reali o potenziali, dello stesso. Gli ultimi sviluppi in materia di prestazione di servizi d’investimento vedono ampliare il campo di attenzione delle Autorità competenti alla regolamentazione del mercato finanziario, che guardano all’individuo non più nella sola fattispecie di “agente economico”, ma anche in qualità di “individuo” caratterizzato da propri sentimenti, preferenze, comportamenti: in questo contesto l’investitore estende la sua sostanza, arricchendo le caratteristiche del classico “agente economico” con il complesso comportamentale ed emozionale legato alla sfera “umana”. L’analisi che segue e si sviluppa nelle pagine successive prende incipit dal contesto normativo disciplinante l’ambito dell’offerta dei servizi finanziari, con specifico focus in merito alla struttura regolamentare che attiene alle modalità di “conoscenza” del cliente/potenziale cliente, al fine di comprendere cosa il regolatore intenda per “valutazione di adeguatezza” dello strumento finanziario rispetto alle caratteristiche del cliente, nell’ottica di garantire la cd. “best execution”. La capacità del “questionario di adeguatezza” utilizzato dagli intermediari per conoscere il cliente è stata oggetto di riflessioni e critiche, legate in particolare all’incapacità di questo strumento di definire in maniera veritiera il profilo di rischio del cliente, in quanto la struttura dello stesso si è fondata principalmente sul paradigma finanziario classico dell’homo oeconomicus, tralasciando l’aspetto emotivo dell’individuo che, viceversa, nel processo di scelta è empiricamente indotto a commettere errori di ragionamento che portano ad una distorsione nelle risposte alle domande del questionario e, conseguentemente, ad una distorsione nella profilatura. Quindi l’analisi prosegue analizzando i contributi della cd. finanza comportamentale, allo scopo di comprendere ed evidenziare gli errori sistematici di valutazione. Conoscere il comportamento degli individui di fronte a scelte finanziarie in condizioni di incertezza risulta utile per il processo di debiasing e aggiustamento della profilatura, nonché per proporre spunti di miglioramento al questionario stesso. Anche i regolatori (sia europei, sia nazionali), negli ultimi anni, hanno cominciato a valutare l’inserimento dei contribuiti apportati dalla finanza comportamentale per adeguare lo strumento di profilatura alle evidenze empiricamente riscontrate. A questo riguardo verranno analizzate le evoluzioni dei questionari di adeguatezza e si valuteranno i miglioramenti nell’attività di profilatura del cliente e di comprensione dell’aspetto più “psicologico” e qualitativo della tolleranza al rischio.

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Zeka, Bomikazi. « The retirement funding adequacy of black South Africans ». Thesis, Nelson Mandela Metropolitan University, 2017. http://hdl.handle.net/10948/13338.

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Despite the importance of retirement planning, many South Africans have been documented as reaching retirement age without adequate retirement funding. A vast amount of research has been conducted on how proper retirement planning can be beneficial for individuals; however, there has been a lack of attention given to researching the retirement planning of black individuals in South Africa. Thus, the primary objective of this study was to identify, investigate and empirically test which factors influence retirement planning, and which aspects of retirement planning influence the retirement funding adequacy of black individuals. After a comprehensive literature review was undertaken on the factors influencing the retirement planning and retirement funding adequacy of individuals, the following independent variables were identified as influencing the mediating variable (Aspects of retirement planning) and the dependent variable (Retirement funding adequacy) in this study: • Financial literacy; • The role of the financial planner; • Family support structure; and • Health status. These independent variables were selected to construct a hypothesised model and research hypotheses, as they have been identified as the prominent factors that influence the retirement planning of black South Africans. Furthermore, these independent variables were used in determining whether they have an influence on the Aspects of retirement planning (incorporating Retirement provisions, Retirement attitudes and Retirement intentions) and, ultimately, improve the Retirement funding adequacy of individuals. In order to establish the influence of the aspects of retirement planning on the retirement funding adequacy of individuals, an empirical investigation was undertaken. A measuring instrument, in the form of a questionnaire, was compiled from secondary literature sources. The respondents were identified though a mixed sampling approach, whereby stratified sampling and convenience sampling were used to attain 441 usable questionnaires that were subjected to statistical analyses. Descriptive statistics, in the form of frequency distributions, were used to summarise Section A and Section B of the measuring instrument. The validity and reliability of the measuring instrument were confirmed by means of exploratory factor analyses (EFA), and Cronbach’s alpha coefficients were also calculated for this purpose. As a result of conducting the EFA, two independent variables (Family support structure and Health status) loaded together, and the factor was renamed accordingly. From the EFA, the independent variables that emerged were The role of the financial planner, Family, health, and financial well-being, and Financial literacy. Furthermore, the EFA revealed that three mediating variables emerged from the mediating variable Aspects of retirement planning. These three mediating variables were consequently named Retirement intentions, Retirement attitudes, and Retirement provisions. There were no eliminated variables in this study. Based on the results of the EFA, some of the definitions of the variables were adapted. Consequently, the hypothesised model and its research hypotheses were adapted to reflect the results of the EFA. The results of the Cronbach’s alphas calculated reported that all the measuring scales used in the questionnaire of the study were reliable. Furthermore, descriptive statistics were also calculated to summarise the sample data, and Pearson’s product moment correlations were calculated to establish the correlations between all the variables used in this study. A multiple regression analysis was used to investigate the influence of the various independent variables on the mediating variables and the dependent variable. Furthermore, structural equation modelling (SEM) was used as the main statistical procedure to test for mediation in the study. SEM was also used to assess and confirm the results of the multiple regression analyses. Based on the results of the multiple regression analyses and SEM, the hypothesised relationships of the study were accepted or rejected. Additionally, the results of SEM revealed that the revised model of the study displayed acceptable model fit. To conclude the empirical investigation, t-tests and an analysis of variance (ANOVA) tests were performed to assess whether the respondents’ perceptions of the variables used in the study differed as a result of the respondents’ demographic information. Furthermore, to establish significant differences between individual mean scores, post-hoc Tukey tests were calculated, and practical significance was assessed by calculating Cohen’s d values. The main empirical results of the study found that statistically significant relationships exist between the independent variables The role of the financial planner and Family, health, and financial well-being, and the mediating variable Retirement intentions. Furthermore, a significant relationship was found between the independent variable Financial literacy and the mediating variable Retirement attitudes. Other significant relationships were present between all the independent variables The role of the financial planner, Family, health, and financial well-being and Financial literacy, and the mediating variable Retirement provisions. The study also established statistically significant relationships between the mediating variables Retirement attitudes and Retirement provisions and the dependent variable Retirement funding adequacy. Statistically significant relationships were also present between the independent variables Family, health, and financial well-being and Financial literacy and the dependent variable Retirement funding adequacy. This study has added to the limited amount of academic literature in the field of retirement planning in South Africa. Through the hypothesised model developed in this study, a significant contribution has been made towards investigating the factors that influence the retirement planning and retirement funding adequacy of black individuals residing in South Africa. This study presents recommendations to black individuals on practical strategies that could help to improve their retirement planning and retirement funding adequacy. Furthermore, suggestions are presented to financial planners and financial institutions, in order to assist black individuals or potential clients to improve their retirement planning and to help ensure that individuals are financially independent when they reach retirement age. It is recommended that financial institutions provide financial products/services that will cater to black South Africans.

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Mawire, Patrick N. « The tax implications of a private equity buy-out : a case study of the Brait-Shoprite buy-out ». Thesis, Nelson Mandela Metropolitan University, 2008. http://hdl.handle.net/10948/803.

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This treatise examines the history of private equity as a context in which to understand its role in the economy and specifically, the background for the high profile leveraged buy-outs that have been entered into in the past year. The treatise then focuses specifically on the Brait-Shoprite buy-out, examining its structure and the tax implications. The treatise then reviews the reaction of the South African Revenue Authority (“SARS”) to the buy-out and evaluates whether it was the best approach that could have been taken under the circumstances. As a result of the research, the following conclusions have been reached: Private equity transactions Private equity transactions have a role to play in the business world despite the apprehensions of tax authorities. The perception that these transactions are tax driven as part of an avoidance scheme is not justified. Structure of the Shoprite buy-out transaction: The Shoprite buy-out transaction was structured to obtain deduction for interest. The transaction was also structured to utilise the relief provisions of Part II of Chapter II (Special Provisions Relating to Companies) of the Income Tax Act no.58 of 1962, as amended (“the Act”). The relief was for capital gains tax (“CGT”) on disposal of the Shoprite assets. Finally, the transaction was designed to allow the existing shareholders to exit their investments free of Secondary Tax on Companies (“STC”). The reaction of SARS to the Shoprite buy-out transaction Whereas SARS may have been justified in questioning the structure and its impact on fiscal revenue, the response in the form of withdrawing STC relief from amalgamation transactions in section 44 was not in the best interest of a stable tax system and the majority of tax payers who are not misusing or abusing loopholes in the income tax legislation. It may have been possible for SARS to attack the structure based on the General Anti-Avoidance Rule (GAAR) in part IIA of the Chapter III of the Act.

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Monroy, Zambrano Katherine Estefania. « Internationalization of Financial Technology Start-ups (Fintechs) : Evidence from Ecuadorian case studies ». Thesis, Linnéuniversitetet, Institutionen för marknadsföring (MF), 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-96022.

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In the past decade, the financial industry has been criticized to lack a faster digital transformation to provide more efficient services, where FinTech (a neologism generated from the contraction of “(Fin)ancial” and “(Tech)nology”) start-ups or fintechs represent a paradigm shift to reinvent the industry. FinTech is gaining attention in multiple academic disciplines, however, it was found that it has been neglected from the international business discipline to understand the internationalization process of fintechs. Furthermore, as the financial industry is an important cornerstone to foster economic growth and social welfare, particularly in the context of Latin American emerging countries, lack of studies in this context also motivated the development of this thesis. The purpose of this study is to accommodate FinTech in the international business discipline drawing from network theory and born-digital firms’ characteristics, emphasizing on core activities within the digital value chain to analyze the internationalization process and identify the main challenges. A conceptual framework was developed to analyze the internationalization process of Ecuadorian fintechs and the challenges faced. The research has a qualitative approach, employing multiple case studies strategy, where semi-structured interviews with founders and senior managers of four Ecuadorian fintechs were conducted. Empirical findings showed that despite having a high digital value chain and take advantage of internet technologies to internationalize faster, Ecuadorian fintechs followed a gradual regional expansion within Latin American countries and their internationalization process was mostly network-driven. Furthermore, besides the most prominent internationalization challenges such as liabilities of outsidership (LoO) and institutional regulations, additional resource-related internationalization challenges were found such as funding, skilled IT talents and innovation, which raise the importance to emphasize in such challenges for further research.

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Thèses sur le sujet « Corporations – Finance – Case studies »

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