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Financial Corporations (financial + corporation)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	57%
Humanities and Social Sciences	42%

Selected Abstracts

Corporate Governance in ASEAN Financial Corporations: reality or illusion?

CORPORATE GOVERNANCE, Issue 2 2007
Wiparat Chuanrommanee
According to Credit Lyonnais Securities Asia, Singapore has the best corporate governance practices in Asia. Malaysia has had the biggest improvements in governance overtime. Thailand lags behind both in achieving appropriate governance. This paper considers recent developments in corporate governance through the analysis of the corporate websites of financial corporations in these countries. The study finds that the corporate governance practices of Thai, Malaysian and Singaporean financial corporations are consistent with international best practices. Corporate governance as presented in company documents probably does not actually reflect real corporate governance practices. These practices do not have an impact on company performance. The level of corporate governance reported is also not consistent with the ratings from international financial institutions such as Credit Lyonnais Securities Asia and Standard & Poor's. These findings suggest that corporate governance in ASEAN is more illusion than fact. [source]

,I'm Home for the Kids': Contradictory Implications for Work,Life Balance of Teleworking Mothers

GENDER, WORK & ORGANISATION, Issue 5 2008
Margo Hilbrecht
This study explores the experience of time flexibility and its relationship to work,life balance among married female teleworkers with school-aged children. Drawing from a larger study of teleworkers from a Canadian financial corporation, 18 mothers employed in professional positions discussed work, leisure and their perceptions of work,life balance in in-depth interviews. Telework was viewed positively because flexible scheduling facilitated optimal time management. A key factor was the pervasiveness of caregiving, which could result in ongoing tensions and contradictions between the ethic of care and their employment responsibilities. The ideology of ,intensive mothering' meant that work schedules were closely tied to the rhythms of children's school and leisure activities. The different temporal demands of motherhood and employment resulted in little opportunity for personal leisure. Time ,saved' from not having to commute to an office was reallocated to caregiving, housework or paid employment rather than to time for their self. The women also experienced a traditional gendered division of household labour and viewed telework as a helpful tool for combining their dual roles. Time flexibility enhanced their sense of balancing work and life and their perceived quality of life. At the same time, they did not question whether having the primary responsibility for caregiving while engaged in paid employment at home was fair or whether it was a form of exploitation. [source]

Corporate Governance in ASEAN Financial Corporations: reality or illusion?

Other financial corporations: Cinderella or ugly sister of empirical monetary economics?

INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, Issue 1 2005
K. Alec Chrystal
Abstract This paper reports estimates of an econometric model of the determinants of OFCs' broad money holding and M4 lending to OFCs. This is of interest both as providing information about a component of UK money and credit aggregates and because it provides some evidence of the link between financial activity and growth of the real economy. We model the long-run equilibria for money holding and lending to this sector as being driven by GDP, wealth, the return to financial services and various interest spreads. The dynamics of OFCs' money and lending are shown to be interdependent. We then consider the evidence for interactions between OFCs and other sectors. Our results indicate that M4 lending to OFCs is significantly related to aggregate investment in the long run, but is largely unrelated to the spending of households. Copyright © 2005 John Wiley & Sons, Ltd. [source]

The Transnational Capitalist Class and Contemporary Architecture in Globalizing Cities

INTERNATIONAL JOURNAL OF URBAN AND REGIONAL RESEARCH, Issue 3 2005
LESLIE SKLAIR
The focus of this article is on the role of the transnational capitalist class (TCC) in and around architecture in the production and marketing of iconic buildings and spaces, in global or world cities. The TCC is conceptualized in terms of four fractions: (1) Those who own and/or and control the major transnational corporations and their local affiliates (corporate fraction). In architecture these are the major architectural, architecture-engineering and architecture-developer-real estate firms. In comparison with the major global consumer goods, energy and financial corporations the revenues of the biggest firms in the architecture industry are quite small. However, their importance for the built environment and their cultural importance, especially in cities, far outweighs their relative lack of financial and corporate muscle. (2) Globalizing politicians and bureaucrats (state fraction). These are the politicians and bureaucrats at all levels of administrative power and responsibility who actually decide what gets built where, and how changes to the built environment are regulated. (3) Globalizing professionals (technical fraction). The members of this fraction range from the leading technicians centrally involved in the structural features of new building to those responsible for the education of students and the public in architecture. (4) Merchants and media (consumerist fraction). These are the people who are responsible for the marketing of architecture in all its manifestations. (There is obviously some overlap between the membership of these fractions.). My conclusion is that many global and aspiring global cities have looked to iconic architecture as a prime strategy of urban intervention, often in the context of rehabilitation of depressed areas. The attempt to identify the agents most responsible for this transformation, namely the TCC, and to explain how they operate, suggests that deliberately iconic architecture is becoming a global phenomenon, specifically a central urban manifestation of the culture-ideology of consumerism. L'article porte sur la classe capitaliste transnationale (TCC) au sein et à la périphérie de l'architecture, et sur son rôle dans la production et la commercialisation de constructions et espaces iconiques dans les villes mondiales ou planétaires. Cette classe se conceptualise en quatre fractions: (1) Ceux qui détiennent et/ou contrôlent les principaux groupes transnationaux et leurs sociétés affiliées locales (fraction économique): En architecture, il existe de grands cabinets d'architecture, d'ingénierie en architecture et d'architectes promoteurs immobiliers. Par rapport aux grosses sociétés multinationales de la finance, de l'énergie ou des biens de consommation, les recettes des plus importants cabinets sont assez faibles; pourtant, leur place dans l'environnement construit et la culture, notamment en milieu urbain, compensent largement leur impact relativement mince sur le plan financier et économique. (2) Les acteurs politiques et bureaucratiques de la mondialisation (fraction étatique): Il s'agit des politicients et bureaucrates à tous les niveaux de responsabilié et de pouvoir administratifs qui décident effectivement de ce qui est construit et où, ainsi que de la régulation des changements apportés à l'environnement construit. (3) Les acteurs professionnels de la mondialisation (fraction technique): Leur diversité va des techniciens de renom, surtout impliqués dans les caractéristiques structurelles des nouveaux bâtiments, à ceux qui sont chargés d'enseigner l'architecture aux étudiants et d'éduquer le public. (4) Marchands et médias (fraction consumériste): Ce sont les personnes responsables de la commercialisation de l'architecture dans toutes ses manifestations. Ces quatre fractions présentent bien sûr des intersections. On peut déduire que bon nombre de villes planétaires , ou aspirant à le devenir , ont opté pour une architecture iconique comme première stratégie d'intervention urbaine, souvent dans un contexte de réhabilitation de zones en déclin. Identifier les principaux agents responsables de cette transformation (la TCC) et expliquer leur mode de fonctionnement conduit à suggérer qu'une architecture délibérément iconique devient un phénomène mondial, plus précisément une manifestation urbaine essentielle de l'idéologie-culture du consumérisme. [source]

Foreign direct investment: facts and perceptions about Canada

THE CANADIAN GEOGRAPHER/LE GEOGRAPHE CANADIEN, Issue 2 2000
BILL BURGESS
Recently improved data on foreign direct economic control and foreign direct investment (FDI) are used to evaluate common perceptions of the degree of Canadian dependency. Including financial corporations in measures of foreign control yields rates of foreign control that are lower than those traditionally cited. Foreign and U.S. control in Canada declined in recent decades and only minor changes are evident since ,free' trade went into effect. Contrary to what is often assumed, Canada's rate of inward FDI is lower than in some advanced capitalist countries and its outward rate of FDI is higher than most G7 countries. The concentration of Canadian direct investment in the U.S. is similar to that many West European countries in the rest of Western Europe. The findings indicate that Canada is a ,core', not ,dependent' capitalist country. De récemment données améliorées sur le contrôle direct des avoirs économiques et sur les investissements directs étrangers sont utilisées pour évaluer les perceptions du contrôle économique et le degré de la dépendance économique canadienne. Sont aussi analysées, les institutions financières en termes de leur contrôle domestique et étranger. II appert que le contrôle étranger est moins important que l'on croit. Les contrôles étrangers et états-unien de l'économie canadienne sont en déclin aux cours des dernières années. L'influence du libre échange ne semble pas être significatif. Certes, le taux interne d'investissements directs étrangers est moindre que pour d'autres économies capitalistes avancées, mais le taux externe d'investissements directs étrangers est plus important que pour la plupart des économies du Groupe des Sept. La concentration des investissements directs canadiens aux États-Unis est similaire aux concentrations de plusieurs économies de l'Europe de l'ouest au sein de l'Europe. Les analyses tendent à indiquer que le Canada est une économic capitaliste ,centrale' et non ,périphérique'. [source]