Connection between corporate governance and company valuation in Assignment

Connection between corporate governance and company valuation in emerging market countries - Assignment Example fferent features of the corporate governance structures like the protection of the interests of minorities and in adequate rights of investors lead to poor performance within the firm and low value creation for the business (LaPorta, Silanes and Shleifer, 1999, pp.471-517). In many similar studies, researchers have indicated that the firms which follow lesser or no stringent rules in the corporate governance practices generally tend to have lower valuation in the market. Klapper and Love (2012) have focused their study on the emerging markets and indicate that poor corporate governance practices can increase the risks that are associated with the investments in the emerging markets (Klapper and Love, 2004, p.703-725). In a particular study on the emerging market of Korea, Black and Kim (2003) have pointed out that corporate governance is a significant dynamic of the market value of the firms in Korea, especially for the public companies (Black, Bernard and Kim, 2010, pp.414-425). Bla ck (2001) also establishes a significant linkage between the corporate governance and the value of firms in the market of Russia. Black, Bernard, Love and Rachinsky (2006), suggests that whereas in developed countries like the United States and Europe the corporate governance practices are not as critical as factors like ownership structure from deciding the value of the firm, in developing economies the role of corporate governance in deciding the value of the businesses is significant (Black, Love and Rachinsky, 2006, pp.361-379). Transparency can be implemented by stringent corporate governance practices and transparency is a critical factor in preventing the conflict of interest of the controlling shareholders and the minor shareholders. The conflict of interest between the controllers of the business and the external finance sources of the business may result in the development of the principal agent problem. The principal agent problem will create agency costs that are likely to

THE GREAT GATSBY Essay Example | Topics and Well Written Essays - 500 words

THE GREAT GATSBY - Essay Example Myriel, however, turns out to be the first individual in decades to treat Valjean with adore and respect. The meeting with Myriel perpetually transforms Valjean’s character, as Myriel makes Valjean promise to turn out to be an honest man (Hugo, 2010 ). Once Valjean opens up his compassion, he becomes a evidence to the redemptive power of love and sympathy. His hard work and new vision change the dilapidated town of Montreuil-sur-mer into a flourishing manufacturing center, which in sequence teaches Valjean the value of charity. In taking care of Cosette, Valjean learns how to love others and how to pass that love. He is incomparable only in his physical strength and his enthusiasm to discover what is good, and this genuineness is enough to make him the novel’s hero as well as a rescuer and a friend to a number of individuals who find themselves in hazard. Hardened by prison and rescued by the kindness of M. Myriel, Valjean is a empty slate, molded by his acquaintance and circumstances. This aptitude to change makes him a universal symbol of anticipation if he can learn love and charity after distressing so much injustice. Now comparing and contrasting Valjean’s character with Gatsby, following can be deduced: Jay Gatsby is the title character and leading role of the novel, Gatsby who is a staggeringly wealthy young man living in a Gothic house in West Egg. He is well-known for the sumptuous parties he throws every Saturday night, but no one knows where he live, what he do, or how he made his wealth. As the novel progresses, it is revealed to Nick that Gatsby was born James Gatz on a farmhouse in North Dakota; working for a millionaire made him bestow his life to the achievement of wealth. When he meets Daisy while teaching to be an police officer in Louisville, he fell in love with her. Nick also discovered that Gatsby made his fortune through illegal activity, as he was enthusiastic to do anything to gain