I explore the evolving role of accounting information in allocating capital. Accounting arose to control conflicts of interest in organizations (stewardship role). The industrial revolution spawned ...capital-intensive firms and public capital markets with dispersed shareholders to finance these firms. The regulation of these public capital markets shifted the role of accounting toward providing investors with information for making informed investment decisions (valuation role). With the advent of the semiconductor and global competition, emerging and public firms today differ from their predecessors in fundamental ways. Exploiting the information technologies created by the semiconductor, twenty-first century firms are now more knowledge based, have more intangible assets, are more reliant on their employees' human capital, confront increased competition, and face diverse conflicts of interests and hence different challenges accessing capital than their forerunners. Responding to the demands of twenty-first century firms, private-equity (PE) markets provide a bundled service - capital and governance. To supply this bundle, PE firms require accounting information to control the conflicts of interest both within the PE firm (between the general and limited partners) and within their investees. Controlling these conflicts shifts the role of accounting back toward its original stewardship roots. The valuation role remains important, but there is little to value unless the conflicts of interest are first mitigated.
Abstract
In carrying out drilling projects at PT China Oilfields Services Limited ( COSL) Indo, especially Project 1 to Project 4, there were a mismatch between the initial plan of the project and ...the actualisation in the field because there were inhibiting factors in implementing the project. The purpose of the research was to look the factors that caused for the additional time in well drilling project at PT. COSL Indo, to build a relationship model of these factors, and formulate a strategy for the company to be able to overcome the occurrence of additional time in the future project. Data analysis was conducted by using a factor analysis method and the location of the research was carried out in just one company with 102 valid respondents. The results of the research indicate that there are four factors that influence the time gap, namely Project Management Activities, Risk Analysis and Procurement, Manage Stairs, and Project Planning Development. By knowing the causes of the delay, companies can find the best solutions for future learning and the impact on environmental, social and economic problems can also be anticipated so that sustainable development occurs in the context of petroleum management.
Izla u se i komentiraju odredbe hrvatskog prava o kapitalno orijentiranom sustavu za tite vjerovnika koje su srocene po uzoru na njemacko pravo. Pravno uredenje za tite vjerovnika va an je cimbenik u ...stvaranju konkurentnog i ulagacima privlacnog gospodarstva. Nakon izlaganja o dvama osnovnim konceptima za tite vjerovnika raspravlja se o kategoriji temeljnog kapitala i nacelima unosa i odr anja kapitala. Precizno ureden sustav kapitalne opremljenosti dru tva s ogranicenom odgovorno cu slu i uravnote enju interesa izmedu clanova koji imaju izravan utjecaj na poslovanje i vjerovnika koji se nadaju da ce dru tvo uspje no poslovati i ispuniti ugovorne obveze. Zakljucno se propituje vrsnoca i uskladenost postojeceg sustava za tite vjerovnika u hrvatskom pravu.
This article analyses the private healthcare company Capio and its participation in the drive for transparency in the European healthcare field. An important point of departure for the paper is that ...technologies for transparency, such as accounting and auditing, are not neutral devices for increased openness, but carry with them programmatic dimensions that affect our norms and rules of how healthcare is to be organized and controlled. The drive for transparency engages different actors with various motives. To investigate this we carried out semi-structured interviews with 11 persons, mainly management members of Capio. We show that transparency in healthcare has been put forward by a private actor for strategic reasons. We argue that Capio's involvement in the drive for transparency should be seen as a ‘second-order strategy’ with the aim to create advantageous opportunities in a future European healthcare market. We show that Capio, through its propagation of various transparency technologies, has put forward programmatic ideals of industrialisation, marketisation and Europeanisation in healthcare. The main conclusion is that although Capio has engaged in the drive for transparency for business reasons, the company has also furthered certain political ideals in the field. This study contributes to the literature which problematizes the division between private and public, and between business and politics in healthcare, and is of interest to a broad health policy audience.
Objective: To assess the level of anxiety and burnout syndrome in health workers of Albacete. Method: Participants included 104 health professionals aged between 24 and 63 years, serving in two types ...of companies: 52 health workers in public administration and 52 who provide services in a company that provides health services privately. A descriptive crosssectional study was conducted to measure levels of anxiety (STAI) and burnout (MBI). Results: The sample of health workers had high levels burnout in this study, since women on one side had half emotional exhaustion, high depersonalization and Performing Personal low and men on the other have average emotional exhaustion, high depersonalization and personal accomplishment low. The group of women presented minimal differences in trait anxiety and state compared to men. The groups of health workers Albacete have high trait anxiety in both men and women. Workers Health Service of Castilla la Mancha (SESCAM) have a high trait anxiety levels regarding private workers, with no differences in state anxiety. Among the dimensions of Maslach, there is high emotional exhaustion, depersonalization high and low personal accomplishment. People with high anxiety, both state and trait values have higher scores Burnout.
New patterns of working, the globalisation of production and the introduction of information technologies are changing the way we work. This new working environment has eliminated some risks whilst ...introducing others. The importance of the psychosocial working environment for the health of employees is now well documented, but the effects of managerial style have received relatively little attention. Yet management is an increasingly important aspect of companies’ policies. In this paper, we examine the relationship between conflict management in the workplace and self-reported measures of stress, poor general health, exhaustion and sickness absence due to overstrain or fatigue. Our sample consists of non-supervisory employees (
N=9309) working in the Swedish and Finnish plants of a multinational forestry company who were surveyed in 2000. Bivariate analyses show that those who report that differences are resolved through discussion are least likely to report stress, poor general health, exhaustion or sickness absence. Those who report that authority is used or that no attempts are made to resolve differences have quite similar rates across all measures. Binary logistic regression analyses were performed for all health outcomes controlling for age, sex, occupational group, job complexity, job autonomy and support from superiors. Results show significantly lower likelihoods of reporting stress, poor general health, exhaustion or sickness absence amongst employees who report that differences of opinion are resolved through discussion compared to those who report that no attempts are made. No significant differences were found between those who reported that differences were resolved through use of authority and subjects in the ‘no attempt’ category. These results suggest that the workplace conflict resolution is important in the health of employees in addition to traditional psychosocial work environment risk factors.
Information Technology Organization of an enterprise must have a framework of guidelines for the development of information system and adequate documentation of the systems and technology, so that ...further information could be given to devising a comprehensive and integrated system. Enterprise architecture is a conceptual blueprint that defines the structure and operation of an organization. There are numbers of processes or methodologies that can be used in the development of enterprise architecture products, one of them is an Enterprise Architecture Planning (Enterprise Architecture Planning/EAP) based on the Zachman’s framework. Enterprise Architecture Planning is a compilation consisting of the following business model documents, IRC documents, data architecture applications, Data architecture blueprints, architectural blueprints, and the roadmap plan technology of Enterprise Architecture Planning.
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