No. 2005–57 ROYAL AHOLD: A FAILURE OF CORPORATE GOVERNANCE AND AN ACCOUNTING SCANDAL By Abe de Jong‚ Douglas V. DeJong‚ Gerard Mertens‚ Peter Roosenboom March 2005 ISSN 0924-7815 Royal Ahold: A Failure of Corporate Governance and an Accounting Scandal Abe de Jong* Department of Financial Management Erasmus University Rotterdam a.jong@fbk.eur.nl Douglas V. DeJong Tippie College of Business University of Iowa douglas-dejong@uiowa.edu Gerard Mertens Department of Financial Management Erasmus
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com/locate/jaccpubpol Investor relations‚ reputational bonding‚ and corporate governance: The case of Royal Ahold Abe de Jong a‚ Douglas V. DeJong b‚*‚ Gerard Mertens a‚ Peter Roosenboom a b a Department of Financial Management‚ RSM Erasmus University‚ Netherlands Tippie College of Business‚ University of Iowa‚ Iowa City‚ IA 52242‚ United States Abstract Royal Ahold (Koninklijke Ahold NV) was one of the major success stories in the 1990s and is one of the major failures‚ suffering a complete
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well as the economic impact on domestic and international communities. In this paper I will focus on the case study of Royal Ahold and the large accounting fraud that took place within the company. The issues I will address include Ahold’s transparency and disclosure weaknesses‚ its demanding culture focused on economic growth regardless of certain ethical principles‚ the weaknesses of corporate governance within Europe and the United States‚ as well as the influences a company’s global expansion has
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EDUCATION Vol. 22‚ No. 4 November 2007 pp. 641–660 Europe’s Enron: Royal Ahold‚ N.V. Michael C. Knapp and Carol A. Knapp ABSTRACT: Royal Ahold‚ N.V.‚ is a large multinational company based in The Netherlands that was founded in 1887 by Albert Heijn. Three generations of the Heijn family oversaw the company’s retail grocery business. In 1989‚ the company hired a professional management team. The new management team expanded Royal Ahold’s operations by purchasing grocery chains around the globe‚
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Ahold: Royal Dutch Disaster Session 7 Management Accounting & Controls Date 24-Feb-03 Issue: $500 million fraud What: Global food retailer with over 9‚000 stores and 278‚000 employees in 4 continents 2002 Sales -72 billion Euros up from 66 billion in 2001 Current outstanding loans of 13 billion euros due to 7 years of acquisitions People: Cees Van der Hoeven – CEO since 1993 (joined Ahold’s executive boar as CFO in 1985) Michiel Muers 1997 – CFO graduated in business studies and economics Jim
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Behaviourists would disagree with Psychoanalysts and Humanists and believed that behaviour can be objectively and scientifically measured in a nomothetic approach. Clinical techniques such as lab experiments were favoured due to the fact they allowed allowed any extraneous variables to be controlled‚ such as light or heat. Their theories and hypothesis were often tested using mainly animals‚ due to behaviourists assuming they learn the same way as a human would‚ but are often more convenient to study
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as if late-1980s Chicago packed up and moved to early-2010s London. The duo of Howard and Guy Lawrence faced a new challenge with Caracal‚ their sophomore album - with one foot in the underground and one foot firmly in the contemporary pop scene‚ Disclosure were seemingly faced with a dilemma. This expressed itself in the singles leading up to this album - “Bang That” was a crude‚ while album singles “Holding On” and “Omen” both felt rather like a retread of Settle’s poppier hits. However‚
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The Strengths and Weaknesses of the Scientist – Practioner Approach The scientist-practitioner model was a term coined within the realm of American psychology. A conference held in Boulder‚ Colorado in 1949 concluded that clinical psychologists should be incorporating both a scientific and practical approach within their framework and training model. In his applied scientific theory‚ Shappiro (1985) viewed research and practice as being integrated‚ not dichotomised. He outlined the three features
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overpowered by the social capital groups (Berman). This essay will examine the social capital theory‚ democracy‚ civil society‚ as well as examining cases studied in Italy and Weimar Germany. As a result‚ I will identify strengths and weaknesses of the social capital approach. There has been considerable and increasing interest in social capital theory in recent years. This interest exists because can be integrated into many disciplines such as‚ sociology and economics. The main concepts behind social
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Roberto Benabid 2E10 Contents Part I: Rationale statement The stocks of Colruyt and Ahold were chosen for several reasons. In terms of collecting determinants of shares ‚ the stocks of Colruyt in combination with Ahold’s shares were chosen because they are both located in the same sector however active in different countries. With this
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