Shareholder Theory

adhering to the highest standards of integrity. • SBI ‘s mission is “To retain the bank’s position as the premier Indian financial services group, with world class standards and significant global business, committed to excellence in customer, shareholder and employee satisfaction, and to play a leading role in the expanding and diversifying financial sector, while continuing emphasis on its development banking role. • BPL’s service mission is to support the vision of the…

acadêmicos, alguns debates passaram a destacar diferentes aspectos. Desde então, diversos autores buscam contribuir para a construção de uma teoria que possibilite entender as organizações não apenas do ponto de vista dos proprietários ou acionistas (shareholders), como também dos inúmeros indivíduos ou instituições que, direta ou indiretamente, são impactados por suas atividades. As definições de stakeholder, embora sigam uma orientação geral semelhante, são tão diversas que é…

Added (MVA),®1 que serão abordados nos próximos tópicos. Existem outros indicadores que se baseiam nos mesmos fundamentos do EVA®. Segundo Lopo et al. (In: FIPECAFI, 2001), alguns exemplos podem ser: (i) Cash Flow Return on Investment (CFROI); (ii) Shareholder Value Added (SVA); (iii) Adjusted Economic Value Added (AEVA) e (iv) Refined Economic Value Added (REVA). Ainda, segundo os mesmos autores, o CFROI é um produto oferecido pela Boston Consulting Group e sua formatação é similar à…

social responsibility, thus showing an analysis of the relationship with the corporations. This relationship is defined as the integration with the theoretical structure: ethics and social responsibility proposed by maximiano (2006) - the general theory of administration. For this analysis, data of a indicative sample composed with examples of several corporations are collected through the movie the corporation. Evaluations demonstrate the predominance of a lack of ethics and social…

aumentar o valor da sociedade, facilitar o acesso ao capital e contribuir para a sua perenidade”. Acrescentaríamos ao conceito exposto pelo IBGC, que a nosso juízo, a governança corporativa incorpora as relações de gestão entre os acionistas (shareholders) e demais parceiros sociais (stakeholders): clientes, colaboradores, financiadores, fornecedores, ambientalistas e as comunidades entre outras partes interessadas. As empresas brasileiras não passaram pela tensão entre acionistas e gestores

financial attractiveness of the superjumbo from Airbus’ perspective; if Boeing continues to have a sufficiently larger amount of market value at stake on its key product, the 747, the puzzle as to why Boeing 15 didn’t preempt persists. Game theory, or the explicit consideration of strategic interactions, seems to be the most compelling way to make sense of the lack of preemption. IV. Models of Strategic Product Introduction The broad game-theoretic insight that…

the value creation. Considering the universe studied, the financial indicators significantly related to value creation, that can be considered general value drivers of the Brazilian market, were: return on equity (ROE), return on assets (ROA), shareholder spread, gross margin, net margin and asset turnover, all of them with positive coefficient, what means that they have direct relation with economic value added (EVA). Furthermore, in the analysis of economic sectors, because of their…

until 1958 and than the earnings to price ratio until the 1980s. It suggests that many things have changed in the capital markets and that the last 40 years have been different than the previous ones. It is quite sensible to assume that the portfolio theory, the CAPM, the APT, the VAR analysis, the futures and options markets, the appearance of many mutual and hedge funds, the increase of investors, the legislation to protect investors, financial innovation, electronic trading, portfolio…

having the segments under one corporate umbrella. It is not obvious that the diverse business segments within Motorola are being used synergistically to increase overall value. If there are not synergies between the business segments, Motorola shareholders should prefer that Motorola divest the segments as investors can diversify there portfolios more efficiently than Motorola can. Most of the other firms in the industry do not have to absorb the costs associated with managing such…

São Paulo – PUC-SP Fabrício César Bastos, fabricb@yahoo.com.br Mestrando em Administração pela Pontifícia Universidade Católica de São Paulo – PUC-SP ABSTRACT The objective of this article consists of examining the contributions of the Classic Theory of the administration to the modern logistic management. Ahead of this intention, a study of case of the company Pará Pigmentos S.A. in the expectation was developed to provide the analysis of the administrative elements considered…