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.
Abstract
Private company investors operate in unique environments. Seed equity investors, which generally include venture capitalists and angel investors, often have the particularly unusual role of ...becoming involved in the oversight of the investee company. This continuing involvement with the investee firm introduces conflicting interests: the desire to maximize the profit from the investment, but also the desire to maintain a positive relationship with the entrepreneur(s) (consistent with the theory of upper echelons/strategic management). We discuss in detail this unusual investment context and the role that accounting disclosures can have in this environment. We predict that accounting disclosures can influence the tradeoff between the profit motive and the relationship motive. Using 64 experienced angel investors as participants in a realistic experimental setting, we find that disclosures indicating conservatively biased accounting choice and lower account risk (variance) lead to angels increasing the valuation of the target firm and forgoing higher profits. Increasing the valuation serves to foster the relationship with the entrepreneur(s). Our findings have implications for entrepreneurs making choices about discretionary disclosures and for standard setters; we also inform theory related to overcoming anchoring.
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.
The hotel sector in Spain is clearly adopting an internationalisation strategy. The main agent in the country is the Melià Group, with a typical pattern of reinvesting profits and using banking ...credit to finance its expansion, with the acquisitions of properties, mainly in Spain, during the first twenty years. Recently, the orientation is towards a service industry, providing expertise in management of hotels. The evolution is typical of a private family company, with a second generation of the founding owner getting in charge, although the company went public in the nineties. The hedging of the actual policy is not only of the financial type, but also, in expanding using management contracts, instead of acquiring property. After several years of losses, the group is again in the black, but the structure of the company can be the prelude to an acquisition, in its totality or in parts, by some other global hotel chains.
La industria hotelera española ha emprendido un camino claro de internacionalización en las últimas décadas. El principal agente del país, el grupo Melià es el prototipo del proceso seguido: desde una primera época de capitalización, reinvirtiendo beneficios y recurriendo a financiación bancaria para la adquisición de hoteles en España, hasta una orientación, en los últimos veinte años, hacia los servicios hoteleros y turísticos. La situación típica de una empresa familiar se aprecia en la cadena, en la que la segunda generación se hace cargo de la gestión, a pesar de haberse convertido en una empresa cotizada, con los consiguientes cambios en las líneas estratégicas. El incremento del apalancamiento, no sólo financiero, sino derivado de disminuir los activos hoteleros en propiedad, están manteniendo los beneficios, tras unos años de pérdidas, y pueden ser el preludio de una absorción de la empresa, en su totalidad o en partes, por otros grupos internacionales.
This study investigates differences in expert valuations of private versus public firms conducted for transactions outside the exchange. First, we provide evidence for extreme reliance of the experts ...on private firms' reported earnings, despite a possible manipulation of these earnings. In contrast, experts valuing public firms seem to rely on other, non-financial statement information sources, even if the quality of pre-acquisition earnings is higher in these firms. Second, we present evidence that the contribution of experts to investors in private firms is questionable at best. Our findings indicate that a private firm valuation performed by a potential investor based on available information provides results similar to those of the expert. Third, we show that inconclusive results regarding the existence of a discount in private firm valuations may be explained by experts' compliance with the interests of the commissioner of the valuation. This finding provides at least a partial explanation for the private company discount, one that adds to prior standard explanations (e.g., liquidity) offered in the finance literature.
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