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Author: Steen Thomsen Publisher: Djoef Publishing ISBN: 9788757436891 Category : Charitable uses, trusts, and foundations Languages : en Pages : 209
Book Description
Industrial foundations are foundations that own companies. Typically, they combine charitable and business goals. Some global companies such as IKEA, Robert Bosch or the Tata Group are foundation-owned, but nowhere are they as numerous as in Denmark. Three of the four largest Danish companies - the pharma company Novo Nordisk, the shipping company A.P. Moller-Maersk, and the Carlsberg brewery - are all foundation-owned. Surprisingly, very little has been written about what industrial foundations are, and how they operate. The Danish Industrial Foundations provides a comprehensive overview. The book covers aspects such as theory, law, taxation, economic importance, company performance, governance and philanthropy. The book is the result of a large collaborative research project, led by the author, on industrial foundations. [Subject: Business, Economics, Industrial Foundations]
Author: Steen Thomsen Publisher: Djoef Publishing ISBN: 9788757436891 Category : Charitable uses, trusts, and foundations Languages : en Pages : 209
Book Description
Industrial foundations are foundations that own companies. Typically, they combine charitable and business goals. Some global companies such as IKEA, Robert Bosch or the Tata Group are foundation-owned, but nowhere are they as numerous as in Denmark. Three of the four largest Danish companies - the pharma company Novo Nordisk, the shipping company A.P. Moller-Maersk, and the Carlsberg brewery - are all foundation-owned. Surprisingly, very little has been written about what industrial foundations are, and how they operate. The Danish Industrial Foundations provides a comprehensive overview. The book covers aspects such as theory, law, taxation, economic importance, company performance, governance and philanthropy. The book is the result of a large collaborative research project, led by the author, on industrial foundations. [Subject: Business, Economics, Industrial Foundations]
Author: Donald P. Coduto Publisher: Pearson Higher Ed ISBN: 1292052430 Category : Technology & Engineering Languages : en Pages : 889
Book Description
For undergraduate/graduate-level foundation engineering courses. Covers the subject matter thoroughly and systematically, while being easy to read. Emphasizes a thorough understanding of concepts and terms before proceeding with analysis and design, and carefully integrates the principles of foundation engineering with their application to practical design problems.
Author: Kenneth Prewitt Publisher: Russell Sage Foundation ISBN: 1610444612 Category : Social Science Languages : en Pages : 309
Book Description
Though privately controlled, foundations perform essential roles that serve society at large. They spearhead some of the world's largest and most innovative initiatives in science, health, education, and the arts, fulfilling important needs that could not be addressed adequately in the marketplace or the public sector. Still, many people have little understanding of what foundations do and how they continue to earn public endorsement. The Legitimacy of Philanthropic Foundations provides a thorough examination of why foundations exist and the varied purposes they serve in contemporary democratic societies. The Legitimacy of Philanthropic Foundations looks at foundations in the United States and Europe to examine their relationship to the state, the market, and civil society. Peter Frumkin argues that unlike elected officials, who must often shy away from topics that could spark political opposition, and corporate officers, who must meet bottom-line priorities, foundations can independently tackle sensitive issues of public importance. Kenneth Prewitt argues that foundations embody elements of classical liberalism, such as individual autonomy and limited government interference in private matters and achieve legitimacy by putting private wealth to work for the public good. Others argue that foundations achieve legitimacy by redistributing wealth from the pockets of rich philanthropists to the poor. But Julian Wolpert finds that foundations do not redistribute money directly to the poor as much as many people believe. Instead, many foundations focus their efforts on education, health, and scientific research, making investments that benefit society in the long-term, and focusing on farsighted issues that a myopic electorate would not have patience to permit its government to address. Originating from private fortunes but working for the public good, independently managed but subject to legal prescriptions, philanthropic foundations occupy a unique space somewhere between the public and private sectors. The Legitimacy of Philanthropic Foundations places foundations in a broad social and historical context, improving our understanding of one of society's most influential—and least understood—organizational forms.
Author: John L. Campbell Publisher: Princeton University Press ISBN: 069116116X Category : Political Science Languages : en Pages : 421
Book Description
In politics, ideas matter. They provide the foundation for economic policymaking, which in turn shapes what is possible in domestic and international politics. Yet until now, little attention has been paid to how these ideas are produced and disseminated, and how this process varies between countries. The National Origins of Policy Ideas provides the first comparative analysis of how "knowledge regimes"—communities of policy research organizations like think tanks, political party foundations, ad hoc commissions, and state research offices, and the institutions that govern them—generate ideas and communicate them to policymakers. John Campbell and Ove Pedersen examine how knowledge regimes are organized, operate, and have changed over the last thirty years in the United States, France, Germany, and Denmark. They show how there are persistent national differences in how policy ideas are produced. Some countries do so in contentious, politically partisan ways, while others are cooperative and consensus oriented. They find that while knowledge regimes have adopted some common practices since the 1970s, tendencies toward convergence have been limited and outcomes have been heavily shaped by national contexts. Drawing on extensive interviews with top officials at leading policy research organizations, this book demonstrates why knowledge regimes are as important to capitalism as the state and the firm, and sheds new light on debates about the effects of globalization, the rise of neoliberalism, and the orientation of comparative political economy in political science and sociology.
Author: Hsi-Mei Chung Publisher: Springer Nature ISBN: 981159015X Category : Business & Economics Languages : en Pages : 416
Book Description
This book documents the distinctive experiences and challenges of Small and medium-sized enterprises (SMEs) in Asia. By assessing succession and innovation in SMEs as the two sides of a coin, this book explains how innovations are essential to SMEs in succession. With detailed case examples, the book provides generalized solutions for SMEs to answer the question of how to make succession and innovation simultaneously successful. The authors discuss the potential solutions to solve the challenges of SMEs on succession and innovation by considering the utilization of the capital market, the electronic commerce strategy, the international strategy, and angel investment to pursue portfolio entrepreneurship, and compare these Asia solutions to the experiences from Europe. The book is recommended for family business and SME owners, professionals serving these firms, and the consulting firms that work on continuity issues of SMEs in Asia.
Author: Nanna Kildal Publisher: Routledge ISBN: 1134272839 Category : Political Science Languages : en Pages : 281
Book Description
This book conveys analyses, perspectives and interpretations of the normative foundation of the unique 'Nordic welfare state model' which are relevant across the globe.
Author: Henry Hansmann Publisher: ISBN: Category : Languages : en Pages :
Book Description
Industrial foundations are autonomous nonprofit entities that own and control one or more conventional business firms. These foundations are common in Northern Europe, where they own a number of internationally prominent companies. Previous studies have indicated, surprisingly, that companies controlled by industrial foundations are, on average, as profitable as companies with conventional patterns of investor ownership. In this article, we explore the reasons for this performance, not by comparing foundation-owned firms with conventional investor-owned firms, but rather by focusing on differences among the industrial foundations themselves. We work with a rich data set comprising 113 foundation-owned Danish companies over the period 2003-2008.We focus in particular on a composite structural factor that we term “managerial distance.” We propose this as a measure of the extent to which a foundation establishes an identity that is distinct from that of the company it owns. More particularly, we hypothesize that, within limits, greater managerial distance increases the intensity, clarity, and objectivity with which the foundation's board of directors - which holds ultimate control of a foundation-owned company -- focuses on the company's profitability. In effect, a substantial degree of distance puts members of the foundation board in the position of “virtual owners,” in the sense that information and decisions are framed for the board in roughly the way they would be framed for profit-seeking outside owners of the company. Consistent with this hypothesis, our empirical analysis shows a positive, significant, and robust association between managerial distance and the economic performance of foundation owned companies. The findings appear to illuminate not just foundation governance, but corporate governance and fiduciary behavior more generally.
Author: Steen Thomsen Publisher: ISBN: Category : Languages : en Pages : 60
Book Description
Short-termism has become a serious concern for corporate governance, and this has inspired a search for institutional arrangements to promote long-term decision-making. In this paper, we call attention to long-term ownership by industrial foundations, which is common in Northern Europe but little known in the rest of the world. We use a unique Danish data set to document that industrial foundations are long-term owners that practice long-term governance. We show that foundation ownership is highly stable compared to other ownership structures. Foundation-owned companies replace managers less frequently. They have conservative capital structures with low financial leverage. They score higher on an index of long-termism in finance, investment, and employment. They survive longer. Overall, our paper supports the hypothesis that corporate time horizons are influenced by ownership structures and particularly that industrial foundations possess characteristics that promote long-termism. Policymakers, business owners, and managers interested in promoting long-term governance models should therefore reconsider the role of ownership structure.
Author: Ciaran Driver Publisher: Oxford University Press ISBN: 0192527665 Category : Business & Economics Languages : en Pages : 298
Book Description
Corporate governance is a complex idea that is often inappropriately simplified as a cookbook of recommended measures to improve financial performance. Meta studies of published research show that the supposed benign effects of these measures - independent directors or highly incentivised executives - are at best context-specific. There is thus a challenge to explain the meaning, purpose, and importance of corporate governance. This volume addresses these issues. The issues discussed centre on relationships within the firm e.g. between labour, managers, and investors, and relationships outside the firm that affect consumers or the environment. The essays in this collection are the considered selection by the editors and the contributors themselves of what are seen as some of the most weighty and urgent issues that connect the corporation and society at large in developed economies with established property rights. The essays are to be read in dialogue with each other, giving a richer understanding than could be obtained by shepherding all contributions into a single mould. Nevertheless taken together they demonstrate a shared sense of deep concern that the corporate governance agenda has been and still is on the wrong track. The contributors, individually and collectively, identify in this compendium both a research programme and a platform for change.
Author: Steen Thomsen
Author: Steen Thomsen
Author: Tomas Björkman
Author: Donald P. Coduto
Author: Kenneth Prewitt
Author: John L. Campbell
Author: Hsi-Mei Chung
Author: Nanna Kildal
Author: Henry Hansmann
Author: Steen Thomsen
Author: Ciaran Driver