The purpose of the corporation: Shareholder-value maximization? Finance Working Paper N°. 95/2005 Revised version: February 2006 Petra Joerg Institut für Finanzmanagement‚ Universität Bern Claudio Loderer Institut für Finanzmanagement‚ Universität Bern Lukas Roth The Pennsylvania State University Urs Waelchli Institut für Finanzmanagement‚ Universität Bern © Petra Joerg‚ Claudio Loderer‚ Lukas Roth and Urs Waelchli 2006. All rights reserved. Short sections of text‚ not to
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Introduction A personal and/or cultural value is an absolute or relative ethical value‚ the assumption of which can be the basis for ethical action. A value system is a set of consistent values and measures. A principle value is a foundation upon which other values and measures of integrity are based. Those values which are not physiologically determined and normally considered objective‚ such as a desire to avoid physical pain‚ seek pleasure‚ etc.‚ are considered subjective‚ vary across individuals
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SOCIAL VALUES Social values are the customs‚ beliefs‚ tastes‚ social practices and norms‚ and attitude of a particular social community. Social value refers to the attitude or ’code of conduct’ that an individual in certain society has to conform to. Social values determine course of social life of a person and regulate his or her life to a great extent. It is one’s commitment to social values that one cannot get involved in anti-social and criminal or notorious activities. Social
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Organizational Values Presentation (Benchmark Assessment) Describe how alignment between the values of an organization and the values of the nurse impact nurse engagement and patient outcomes. Discuss how an individual can use effective communication techniques to overcome workplace challenges‚ encourage collaboration across groups‚ and promote effective problem-solving. Identify a specific instance from your own professional experience in which the values of the organization and the values of the individual
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Aesthetic Value I have found it impossible (though not for want of trying) to find a way of avoiding commitment to a concept of aesthetic value. The general theory of value remains in an unsatisfactory state; and aesthetic value in particular presents various unsettled questions. But‚ as in the first edition‚ I find myself always driven back to the idea that in calling an artwork a good one -- or a good poem or good choreography -- we must be ascribing some form of (nonmoral) value to it‚ and that
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greenery and trees. But the question is why do I value it? Well‚ I value it because I subjectively like those things. Likewise‚ my friend values those things he views as being destroyed more than what is replacing them. This goes back to the old debate about intrinsic value. That is‚ do the things in our natural world inherently posses value in the absence of human beings? Quite simply‚ they do not. Those things in our natural world only have value in which the human mind attaches to them. This
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January 16 Values Of Friendship Those who have good friends will always find that laughter is a big part of the relationship. No one can make you laugh like your best friend and laughter is so good to make each other happy and make sure each of you is having a good day or time. You will find that the more good friends you have‚ the more laughter and happiness you will have in your life. Just keep in mind‚ though‚ that most people you cannot trust. One value of friendship‚ which
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Instrumental and End Values Assignment 2 Values are one’s judgment of what is important in life. One way of considering values is in terms of instrumental and end values. Instrumental values are beliefs about the type of behavior appropriate for reaching certain goals. End values or sometimes called terminal values‚ are beliefs about the kind of goals or outcomes that are worth trying to pursue. This paper will evidently describe the primary concepts of each value while examining my personal
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Net Present value is the difference between an investment’s market value and its cost. For an example‚ you invest 100 dollars (Cost) into a lemonade stand but you receive 50 dollars (Market Value) of cash inflow. Another would be you buy a house for 50‚000(Cost) But you sell it for 75‚000(Market Value). Your net present value An Investment should be accepted if the net present value is positive and it should be rejected if the net present value is negative. Net present value uses the discounted
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Value-oriented Equity Investment Ideas for Sophisticated Investors A Monthly Publication of BeyondProxy LLC Subscribe at manualofideas.com “If our efforts can further the goals of our members by giving them a discernible edge over other market participants‚ we have succeeded.” Investing In The Tradition of Graham‚ Buffett‚ Klarman Year IV‚ Volume V June 1‚ 2011 When asked how he became so successful‚ Buffett answered: “We read hundreds and hundreds of annual reports every year.”
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