DOCSLIB.ORG

Índice De Empresas. Capítulos En Los Que Aparecen Citadas Las Empresas

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Índice De Empresas. Capítulos En Los Que Aparecen Citadas Las Empresas Pablo Fernández Empresas citadas VALORACIÓN DE EMPRESAS Cómo medir y gestionar la creación de valor Índice de empresas. Capítulos en los que aparecen citadas las empresas 3Com 17 Bank of New York 17 Citibank 8, 17, 18, 33, 35 Abbey National 17 Bank of Scotland 17 Clear Channel Comms. 17 Abbott Laboratories 17 Bank of Scotland 17 Cleveland-Cliffs 4 Abn Ampro 17 Bankers Trust 18 Clorox 17 About.com 7, 8 Bankinter 1, 2, 4, 7,15, 17, 21 Club Med 7 Acciona 2, 4, 7 Barbie 35 CMGI 7, 8 Accor 7, 17 Barclays 17 Coca Cola 8, 16, 17, 35 Aceralia 2, 4, 7 Barnes & Noble 19 Colgate 35 Acerinox 1, 2, 4, 7, 15, 17, 21, 22 Barnesandnoble.com 19 Colt 4, 13, 14 Acesa 1, 2, 4, 7, 15, 17, 21 Barry Wright 4 Comdirekt 19 ACS 2, 4, 7, 22 Basf 17 Comit 17 Adecco 17 Bass 7 Commonwealth Telephone 7 Adidas 35 Bayern Munich 35 Compaq 17, 35 Adv. Info. Service (AIS) 7 BBV Interactivos 22 Compass Group 17 Aegon 17 BBVA 1, 2, 4, 5, 7, 9, 15, 17, 21, 22, 33 Compuware 17 Agency. Com 7 BCE Inc., Canadá 14 ConSors 19 Aguas de Barcelona 1, 2, 4, 7, 15, 17 BCP 7 Continental Auto 7 Ahold 17 Bell Atlantic Corporation 14 Continente 1, 7, 22 Alba 1, 2, 4, 7, 15, 17, 21, 22 BellSouth 7, 14, 17 Cortefiel 15, 22 Aldeasa 22 Benetton 35 Costco Companies 17 Alimensa 12 Benito y Monjardín 22 Creative Computers 19 Allianz 17 Bertelsmann 19 CRH 7 Alltel Corporation 14 BES 7 Cristalería Española 15, 22 Alsa 7 Beta Capital 22 CTC 7 Altadis 2, 7, 21 BMW 17, 35 CUC International 4 Alusuisse 17 Boeing 17, 26 Cybiertas y M.Z.O.V. 15 Amadeus 2, 4, 5, 7, 21 Boston Chicken 19 Dayton-Hudson 17 Amazon.com 7, 19, 34, 35 Boston Consulting Group 16, 17 DDI 7 America Online 8, 17, 19, 35 BP 35 dELIA*s 19 American Express 17, 35 BPI 7 Dell Computer 17, 35 American Home 17 Brasil Telecom 7 Den Danske Bank 17 American Int'l. Group (AIG) 8, 17 Braun Consulting 7 Deutsche Telekom 7, 14 Ameritech 17 Bristol Myers 8, 17 Di Giorgio 4 Ameritrade 19 British Aerospace 17 Diageo 35 Amgen 17 British Energy 7 Diamond Tech. Partners 7 Amper 7, 15, 17, 22 British Telecom 7, 14, 17 Digitas Inc. 7 Anglian Water 7 Broadwing 7 Dillon Reed 18 Answerthink 7 BSCH 1, 2, 4, 5, 7, 9, 15, 17, 21, 22 Disney 17, 35 Apple 35 Budweiser 35 Dixons 17 Applied Mats. 17 Burger King 35 Dragados 2, 4, 7, 15, 17, 22, 34 Argentaria 17, 22, 33 Butler Manufacturing 4 Drexel 18 Armani 35 C-bridge Internet Solutions 7 Duracell 35 Arsenal 35 Cable & Wireless 7, 14 Duro Felguera 22 Asda Group 17 Cadbury Schweppes 17, 35 E*Trade 19 AskJeeves 8 Caixa de Cataluña 33 E.ON 7 Asland 15 Cambridge Technology 7 Earthlink 8 Astra 17 Canadian Satellite Com. 14 Ebro industrias agrícolas 15 Asturiana de Zinc 7, 15, 17, 22 CANTV 7 Edison 17 AT&T 7, 14, 35 Cap Gemini 17 Edison 7 Áurea (Aumar) 7, 15, 17, 22, 34 Cardinal Healt 17 EDP 7 Auto Res 7 Carnival 17 El Sitio 7, 8 Axa 17 Carrefour 2, 4, 17 Electrabel 7, 17 b2bstores.com 19 Carter Hawley Hale 4 Electrolux 17 Bacardi 35 Casino Guichard 17 Eli Lilly17 Baloise 17 CDB Research & Consulting 35 Embratel 7 Banca Fideuram 17 Cemex 7 Emc Corp. 8, 17 Banca Intesa 17 Century Telephone 7, 14 eMerge 19 Banco Pastor 7 Cepsa 15 Empresa nac. de celulosa 15 Banco Popular 1, 2, 4, 5, 7, 9, 15, 17, 21, 22 Chanel 35 Enatcar 7 Banco Valencia 7 Charles Schwab 17, 19 Endesa 1, 2, 4, 5, 6, 7, 13, 15, 17, 21, 22,33 Banco Zaragozano 7 Chase Manhattan 17, 18 ENEL 7 Banesto 15 China Mobile (HK) 7 Energía e ind. Aragonesas 15 Bank Bldg Equip 4 Cigna 17 Energis 13, 14 Bank of America 16 Cisco Systems 8, 17, 35 Equant 13 1 Pablo Fernández Empresas citadas ERCROS 15 Houlihan Valuation Advisors 35 Martin Marietta Materials 7 Ericsson 17, 35, Household Int. 17 Mbna Corp. 17 Estrada Argentina 11 Huarte 15 McDonald's 1, 35, Estrada España 11 Hyder 7 MCI Worldcom 14, 17 Europolitan 7 Hypovereinsbank 17 McLaren Mercedes 35 Europolitan, Suecia 14 Iberdrola 1, 2, 4, 7, 13, 15, 17, 21, 22 Media metrix 8 EuroSafei 22 Ibersecurities 22 Medtronic 17 EVN 7 IBM 1, 8,17, 35 Mellon Bank 17 Excite@Home 7, 8 iGate Capital Corporation 7 Mercedes 35 Exodus 8 iGo 7 Merck 8, 17 Exxon Mobil (XOM) 8 IKEA 35 Merril Lynch 17, 18, 19, 22 F.C. Barcelona 35 Indosat 7 Metrovacesa 15, 22 FairMarket 19 Indra 2, 4, 7, 21 Micron Technology 17 Fannie Mae 17 Inforte Corp. 7 Microsoft 8, 17, 19, 35 Faus S.A. 9 Infoseek 8 Millennium & Copthorne 7 FCC 2, 4, 7, 22 Infosources 1 Mindspring 8 Fecsa 15 Infospace 8 Mobistar 7 Ferrari 35 InfoSpace.com 7 Modelo Continente 1 FERROVIAL 2 Ing Groep 17 Modem Media, Inc 7 Ferrovial 4, 7 Intel 8, 17, 35, Moet&Chandon 35 Fifth Third Bancorp. 17 Inter de Milán 35 Monsanto 16, 17 Financial Times 35 Interbrand 35 Morgan Stanley 1, 2, 4, 7, 18, 22 Financial World 35 Interco 4 Motorola 35 Firstar* 17 Interlake Corp 4 MTNL 7, 35 FMC Corp 4 Internet Capital Group 7 Munich Re 17 Ford 35 iPrint 19 National Grid 7 Fortis 17 iTurf 7, 19 National Power 7 Fortum 7 Iusacell 7 National Westminster 17 France Telecom 14 iXL Enterprises, Inc. 7 NBC Interactive 8 Freddie Mac 17 Jack Daniels 35 Neoforma 19 FreeMarkets 19 Japan Telecom 7 Nescafé 17, 35, Freenet.de 1, 8 Jazztel 13 Nestle 17, 35 Freeserve Jerónimo Martins 1 Netco 13 Freeserve 1, 8 Johnnie Walker 35 Netcom 14 FutureBrand 35 Johnson & Johnson 8, 17 NetZero 8 Gap 17, 35 JP Morgan 33 NH Hoteles 2, 4, 7 Gas Natural 1, 2, 4, 7, 15, 17, 21, 22 Juno 8 Nike 17, 35 Gas y Electricidad 15 Juventus 35 Nokia 17, 35 Gemstar 7 Kbc 17 Northern Telecom 17 GenCorp 4 Kelda 7 Novartis 17 General Electric 8, 17, 35 Kellogg's 35 Novo Nordisk 17 General Signal 4 KKR 18 NTT 7 Generali 17 Kleenex 35 NTT DoCoMo 7 Gestemar 22 Kodak 35 Numico 17 Gillette 35 Korea Telecom 7 OM Scott 19 Gkn 17 KPN 7 Onvia.com 19 Glaxo Wellcome 17 Kroger 4, 17 Optical Coating Lab 4 Go Networks 8 L'Oreal 17 Oracle (ORCL) 8 Go.com 8 Lafarge 7 Oracle 8, 17 Go2Net 8 Lante Corporation 7 Organic, Inc 7 Goodyear 4 Lazard freres 18 OTE 7 Goto.com 8 Levitz 19 Owens Corning 4 Gucci 35 Liberate 7 P&G 35 Guinness 35 Libertel 7 Pampers 35 H&M 17 Liberty Surf 8 Panafon 7 Hays 17 Liverpool 35 Panasonic 35 HBJ 4 Llorente 7 Partsbase.com 19 Heineken 17, 35, Lloyds Tsb 17 Pennon 7 Heinz 35 LookSmart 8 Pepsico 17, 35 Hertz 35 Louis Vuitton 35 Pfizer 8, 17 Hewlett-Packard 35 Luminant Worldwide 7 Philips 17, 35 Hidrocantábrico 2, 4, 7, 13, 15, 17, 22 Lycos Europe 8 Pinault Printemps 17 Hilton 7, 35 M y G de Valores 22 Polaroid 1 Hoechst 17 Manchester United 35 Portland Valderrivas 15 Holderbank 7 Mannesmann 14, 17 Portugal Telecom 7, 14 Holiday Corp 4 Mapfre 7, 15, 17, 22 PowerGen 7 Holly Corp Marakon Associates 16 Prisa 2, 4, 5, 7 Home Depot 17, 34 MarchFIRST 7 Prodigy 8 Home Shopping Network 19 Marker Facts 35 Progressive Corp. 17 Homestore.com 7 Marlboro 35 Promodes 17 Honda 35 Marriot Int'l 7 Promodes 17 2 Pablo Fernández Empresas citadas Promotion.com 7 Shoney's 4 The Go2Net 8 Prosegur 1 Siam Cement 7 TheGlobe.com 8 Proxicom 7 Singapore Telecom 7 TheKnot Inc. 7 Prudential 17 SK Telecom 7 Thistle Hotels 7 Pryca 1, 7, 15, 17, 22 Skandia 17, 35 TicketMaster CitySearch 7 PSInet 8 SmarTone 7 Tickets.com 7 PT TELKOM 7 Smirnoff 35 Tiscali 1, 8 Puleva 7, 15, 17 Smith Barney 1 Total Access Com. 7 PurchasePro.com 19 Smithkline Beecham 17 Toyota 35 Quantum Chemical 4 Sodexho Alliance 17 TPI 2, 4, 7, 21, Quepasa.com 7 Sogecable 2, 4, 5, 7, 21 Tractebel 17 Qwest 7 Sol Meliá 2, 4, 7, 22 Travelocity.com 7 Radiotrónica 15 Sonera 7 Triad Systems 4 Rahnema, SA. 1 Sony 1, 35 Tubacex 7, 15, 17 Ralph Lauren 35 Sportsline 7 Turkcell 7 Randstad 17 Sprint 7, 17 Tyco 17 Rangers 35 Stamedia 8 uBid 19 Razorfish 7 Standard Brands Paint 4 UCB 17 RCA 19 Standard Chartered 17 Uni 2, 13 Real Madrid 35 Staples 17 Uniasa 15 Red Eléctrica 2, 4, 7, 13 Starbucks 35 Unicredito Italiano 17 RENFE 13 StarMedia 7 Unilever 17, 35 Renta 4 22 Starwood 7 Union Carbide 4 Rentokil Initial 17 Stern Stewart & Co 16, 17 Unión Fenosa 1, 2, 4, 7, 13, 15, 17, 21, 22 Repsol 1, 2, 4, 5, 7, 15, 17, 21, 22 STET Hellas 7 United Technologies 17 Retevisión 13 Student Adverage 7 United Utilities 7 Reuters 8, 35 Suez LdE 7 Uralita 7, 15, 17, 22 Ritet Aid 17 Sun Microsystems 17, 18 Urbis 15, 22 RJR Nabisco 18 Suntrust Banks 17 US Bancorp 17 Roche 17 Superdiplo 1 USG Corp 4 Rolex 35 Swank Inc 4 Vallehermoso 2, 4, 7, 15, 17, 22 Rolo Banca 1473 17 Swiss Bank Corporation 33 Ventro 19 RoweCom 19 Swiss Re 17 Verbund 7 Royal Bank of Scotland 17 Swisscom 7 Verizon (VZ) 8 Royal Belge 17 Switchboard 7 VerticalNet 19 Royal Caribbean Cruises 17 Sydkraft A (SKr) 7 Viant Corporation 7 RSL.com 13 Synthelabo 17 Vidrala 22 RWE 7 T On Line 8 Viscofán 7, 15, 17, 22 Safeway17 Tabacalera 4, 7, 15, 17, 22 Vista Chemical 4 Saint Gobain 7 Tafisa 22 Vivendi 7 Salomon Brothers 18 Takeda* 17 Vnu 17 Salon.com 7 Tele Celular Sul 7 Vodafone 7, 14, 17 Samsung 35 Tele Centro Oeste 7 Volkswagen 17, 35 San Paolo IMI 17 Tele Leste Celular 7 VSNL (GDR) 7 Sanofi 17 Tele Nordeste Celular 7 Vulcan Materials 7 Sanofi 17 Tele Norte Celular 7 Walgreen 17 Santomá S.A.
Load more

Recommended publications
  • UC Berkeley Recent Work
    UC Berkeley Recent Work Title The Internet and E-commerce Development in Mexico Permalink https://escholarship.org/uc/item/6c17b69n Authors Kenney, Martin Curry, James Contreras, Oscar Publication Date 2001-05-01 eScholarship.org Powered by the California Digital Library University of California The Internet and E-commerce Development in Mexico BRIE Working Paper 144 January 2, 2002 ©Copyright 2001 by the authors By James Curry Profesor-Investigador El Colegio de la Frontera Norte Tijuana, Baja California, México U.S. Mail: P.O. Box L Chula Vista, CA 91912 [email protected] and Oscar Contreras Profesor-Investigador El Colegio de Sonora Hermosillo, Sonora, Mexico and Martin Kenney Professor Department of Human and Community Development University of California, Davis Davis, California 95616 [email protected] & Senior Research Associate Berkeley Roundtable on the International Economy University of California, Berkeley Berkeley, CA 94720-2322 The authors thank the UC MEXUS-CONACYT program for the funding that is reported in this research. Generous support for production of the BRIE Working Papers Series was provided by the Alfred P. Sloan Foundation. Table of Contents · Summary and Findings · Introduction · Methodology · The Internet in Mexico The Early History of the Internet in Mexico Growth in Internet Usage Internet Access and Service Providers · E-Commerce in Mexico Barriers to the Growth of E-Commerce · Business-to-Consumer E-Commerce Mexico and the U.S. Hispanic and Pan-Latin American/Hispanic Markets Customization Brief Descriptions
    [Show full text]
  • Creative Accounting, Fraud and International Accounting Scandals
    Creative Accounting, Fraud and International Accounting Standards Michael Jones University of Bristol [email protected] 1 Overview • Based on Book: Creative Accounting, Fraud and International Accounting Scandals • Investigates nature of creative accounting and fraud • Examines history of accounting scandals • Looks at creative accounting, fraud and accounting scandals in 13 countries worldwide • Focus on political aspects 2 Creative Accounting 3 Two Quotes “How do you explain to an intelligent public that it is possible for two companies in the same industry to follow entirely different accounting principles and both get a true and fair audit report?” M. Lafferty “Every company in the country is fiddling its profits”. I. Griffiths 4 Definitions 1. Fair Presentation Using the flexibility within accounting to give a true and fair picture of the accounts so that they serve the interests of users 5 Definitions 2. Creative Accounting Using the flexibility within accounting to manage the measurement and presentation of the accounts so that they serve the interests of preparers 6 Definitions 3. Impression Management Using the flexibility of the accounts (especially narrative and graphs) to convey a more favourable view than is warranted of a company’s results serving the interests of preparers 7 Definitions 4. Fraud Stepping outside the Regulatory Framework deliberately to give a false picture of the accounts 8 Definitions No Flexibility to give Flexibility to Flexibility to Flexibility a “true and fair“ give a give a view creative view fraudulent view Regulatory Working within Working within Working framework regulatory regulatory framework outside eliminates framework to ensure to serve preparer’s regulatory accounting choice users’ interests interests framework Within regulatory framework Outside regulatory framework 9 Managerial Motivation 1.
    [Show full text]
  • The Real Scandal on Spain's Economic Scene
    Click here for Full Issue of EIR Volume 10, Number 10, March 15, 1983 ical environment of Spain today would appear to have other motivations than economic ones. A key to the apparent mystery may be the unusual serenity of the private banks. Indeed, it is now suspected that the entire operation against Rumasa was cooked up between the top private banks, in particular Banesto, Bilbao, Central, and Hispanoamericano, and Mariano Rubio, deputy governor of the Bank of Spain since 1965 and architect of the monetarist The real scandal on takeover of the country's finances. The profile of these top banks is highly interesting. Spain's economic scene Investments abroad-otherWise known as capital flight­ doubled in 1982 relative to 1981. Ninty-five percent of all overseas investment by banks was carried out by the top 10, by Katherine Kanter in Paris and after the United States-Miami, to be precise--Chile, Portugal, and Puerto Rico were the major recipients of Span­ When Spanish Finance Minister Miguel Boyer announced ish bankers' money. Investments increased most into Chile, Feb. 23, that due to non-cooperation on the part of the coun­ Puerto Rico, and Uruguary, and decreased in those countries try's largest private enterprise Rumasa S.A. (1.5 percent of struggling to industrialize in spite of their debt burden: Ar­ the GNP, 400 companies, 350,000 employees, 18 banks), gentina, Mexico, Brazil, and Peru. the government would probably have to send in auditors from Now, whatever one may think of the "ride' em cowboy" the central bank, the Bank of Spain, he provoked an imme­ entrepreneurial approach of Ruiz Mateus, the unescapable diate run on the Rumasa group's banks and a stir in the fact is that the Rumasa empire he controlled was the only :'1ternational financialpress demanding that Spain should be major economic and financial power in the country with some blacklisted on the credit markets.
    [Show full text]
  • Common Draft Terms of Merger Banco Santander-Banesto
    Common Draft Terms of Merger BETWEEN BANCO SANTANDER, S.A. (as absorbing company) AND BANCO ESPAÑOL DE CRÉDITO, S.A. (as absorbed company) Boadilla del Monte and Madrid, 9 January 2013 1/50 1. INTRODUCTION For purposes of the provisions of sections 30 and 31, et seq. of Law 3/2009 of 3 April, on Structural Modifications of Mercantile Companies (hereinafter, the “Structural Modifications Act”), the undersigned, in their capacity as members of the Board of Directors of Banco Santander, S.A. (“Santander”) and Banco Español de Crédito, S.A. (“Banesto”), respectively, prepare and sign these common draft terms of merger (proyecto común de fusion) (hereinafter, the “Draft Terms of Merger” or the “Draft Terms”), which shall be subject to the approval of the General Shareholders’ Meetings of Santander and Banesto in accordance with the provisions of section 40 of the Structural Modifications Act. The integration of Banco Banif, S.A. (“Banif”) in Santander will be executed in a separate operation. The text of the Terms is as follows. 2. RATIONALE FOR THE MERGER The merger by absorption of Banesto by Santander occurs within the context of a profound restructuring of the Spanish financial system, which involves a major reduction in the number of institutions and the creation of larger institutions. In addition, the Spanish financial system has lost profitability over the last five years due to a drop in margins, which has adversely affected efficiency despite an improvement in costs, as well as to cyclically high provisions. In brief, the financial sector needs to optimise its income, margins, and fees, normalise provisions, and, in sum, improve efficiency.
    [Show full text]
  • Argentina-Punto-Com: an Analysis of the Development of the Dot-Com Sector in Argentina
    Argentina-punto-com: An Analysis of the Development of the Dot-com Sector in Argentina Ed Marcum The Lauder Institute April 10, 2001 Introduction....................................................................................................................................1 Section I – Foundations and Fundamental Drivers ...................................................................5 Wealth.......................................................................................................................................5 Education..................................................................................................................................7 Infrastructure ...........................................................................................................................9 Public Policy ..........................................................................................................................13 Government/Stability ...........................................................................................................16 Section II – Other Drivers ...........................................................................................................18 Timing .....................................................................................................................................18 Venture Capital......................................................................................................................20 Other Actors ...........................................................................................................................22
    [Show full text]
  • Offering Circular BANESTO FINANCIAL PRODUCTS PLC
    Offering Circular BANESTO FINANCIAL PRODUCTS PLC (Incorporated with limited liability in Ireland but with its tax residence in the Kingdom of Spain) EUR 10,000,000,000 Euro Medium Term Note Programme guaranteed by BANCO ESPAÑOL DE CRÉDITO, S.A. (Incorporated with limited liability in the Kingdom of Spain) This base prospectus ("Base Prospectus") has been approved by the Central Bank of Ireland (the "Central Bank"), as competent authority under the Prospectus Directive 2003/71/EC (the "Prospectus Directive"). The Central Bank only approves this Base Prospectus as meeting the requirements imposed under Irish and EU law pursuant to the Prospectus Directive. Such approval relates only to the notes (the "Notes") which are to be admitted to trading on the regulated market of the Irish Stock Exchange or other regulated markets for the purposes of Directive 2004/39/EC or which are to be offered to the public in any Member State of the European Economic Area. This Base Prospectus, as approved and published by the Central Bank, in accordance with the requirements of the Prospective Directive, comprises a Base Prospectus for the purposes of the Prospectus Directive and the Prospectus (Directive 2003/71/EC) Regulations 2005, and for the purpose of giving information with regard to the issue of Notes issued under the Euro Medium Term Note Programme (the "Programme") described herein, during the period of twelve months after the date hereof. This document has also been approved as listing particulars (the "Listing Particulars") by the Irish Stock Exchange pursuant to its listing and admission to trading rules (the "Listing Rules") for the purpose of providing information with regard to the issue of Notes issued under the Programme described herein, to be admitted to trading on the Global Exchange Market ("GEM") during the twelve month period following the date hereof.
    [Show full text]
  • A Guide to Sources of Information on Foreign Investment in Spain 1780-1914 Teresa Tortella
    A Guide to Sources of Information on Foreign Investment in Spain 1780-1914 Teresa Tortella A Guide to Sources of Information on Foreign Investment in Spain 1780-1914 Published for the Section of Business and Labour Archives of the International Council on Archives by the International Institute of Social History Amsterdam 2000 ISBN 90.6861.206.9 © Copyright 2000, Teresa Tortella and Stichting Beheer IISG All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher. Niets uit deze uitgave mag worden vermenigvuldigd en/of openbaar worden gemaakt door middel van druk, fotocopie, microfilm of op welke andere wijze ook zonder voorafgaande schriftelijke toestemming van de uitgever. Stichting Beheer IISG Cruquiusweg 31 1019 AT Amsterdam Table of Contents Introduction – iii Acknowledgements – xxv Use of the Guide – xxvii List of Abbreviations – xxix Guide – 1 General Bibliography – 249 Index Conventions – 254 Name Index – 255 Place Index – 292 Subject Index – 301 Index of Archives – 306 Introduction The purpose of this Guide is to provide a better knowledge of archival collections containing records of foreign investment in Spain during the 19th century. Foreign in- vestment is an important area for the study of Spanish economic history and has always attracted a large number of historians from Spain and elsewhere. Many books have already been published, on legal, fiscal and political aspects of foreign investment. The subject has always been a topic for discussion, often passionate, mainly because of its political im- plications.
    [Show full text]
  • Corporate Governance in the 2007–2008 Financial Crisis: Evidence
    Journal of Corporate Finance 18 (2012) 389–411 Contents lists available at SciVerse ScienceDirect Journal of Corporate Finance journal homepage: www.elsevier.com/locate/jcorpfin Corporate governance in the 2007–2008 financial crisis: Evidence from financial institutions worldwide David H. Erkens a, Mingyi Hung a,⁎, Pedro Matos b a Leventhal School of Accounting, Marshall School of Business, University of Southern California, Los Angeles, CA 90089, United States b Department of Finance, Darden School of Business, University of Virginia, Charlottesville, VA 22906, United States article info abstract Article history: This paper investigates the influence of corporate governance on financial firms' performance Received 27 September 2011 during the 2007–2008 financial crisis. Using a unique dataset of 296 financial firms from 30 Received in revised form 15 January 2012 countries that were at the center of the crisis, we find that firms with more independent Accepted 17 January 2012 boards and higher institutional ownership experienced worse stock returns during the crisis Available online 28 January 2012 period. Further exploration suggests that this is because (1) firms with higher institutional ownership took more risk prior to the crisis, which resulted in larger shareholder losses during JEL classification: the crisis period, and (2) firms with more independent boards raised more equity capital G2 during the crisis, which led to a wealth transfer from existing shareholders to debtholders. G3 Overall, our findings add to the literature by examining the corporate governance determi- N2 nants of financial firms' performance during the 2007–2008 crisis. © 2012 Elsevier B.V. All rights reserved. Keywords: Corporate governance Credit crisis Global financial institutions 1.
    [Show full text]
  • 2020 Annual Report on Corporate Governance
    BANCO SANTANDER, S.A. 2020 INFORMATION ON CORPORATE GOVERNANCE AND REMUNERATIONS → 2020 Annual corporate governance report → 2020 Activities reports of the audit; nomination; remuneration; risk supervision, regulation and compliance; responsible banking, sustainability and culture; and innovation and technology committees → 2020 Annual directors’ remuneration report The corporate governance chapter of the consolidated directors’ report that forms part of the 2020 Annual Report of Banco Santander, S.A. (Banco Santander) is attached. The entire document is available on the Banco Santander’s corporate website (www.santander.com). This chapter includes the content of the 2020 annual corporate governance and remuneration report, drafted in a free format as we have been doing since the entry into force of the relevant Comisión Nacional del Mercado de Valores’s Circular, as well as the 2020 activities reports of the audit; nomination; remuneration; risk supervision, regulation and compliance; responsible banking, sustainability culture; and innovation and technology committees. The chapter must be read in conjunction with the other sections of the 2020 Annual Report given it forms part of it. In addition, due to that circumstance, it must be noted that the automatic links to other sections that are included in the attached document will not work. The references to find the above mentioned information within the attached chapter are the following: → 2020 Annual corporate governance report Entire corporate governance chapter → 2020 Activities reports of the audit; nomination; Sections 4.5, 4.6, 4.7, 4.8, 4.9 remuneration; risk, supervision and compliance; and 4.10, respectively responsible banking, sustainability and culture; and innovation and technology committees Sections 6 (excluding section → 2020 Annual directors’ remuneration report 6.6), 9.4 and 9.5 Annual report 2020 Contents Corporate governance 168 Responsible Corporate Economic Risk management banking governance and financial review and compliance 1.
    [Show full text]
  • Index of Mentioned Companies
    Valuation Methods and Shareholder Value Creation Index of companies mentioned in the book Academic Press Pablo Fernandez. IESE Business School INDEX OF COMPANIES MENTIONED IN THE BOOK (Chapter in which the companies are mentioned) 12 Technologies 1 Bank Bldg Equip 5 China Mobile (HK) 8 3Com 14 Bank of New York 1, 14 Chrysler 14 3M 1, 14 Bank of Scotland 14 Chubb Corporation 1 Abbott Laboratories 1, 14 BankAmerica Corp. 1, 13 Cigna 14 ABN Amro 3 Bankers Trust 5, 15 CIGNA Corporation 1 About.com 8, 12 Bankinter 8 Cisco Systems 1, 3, 5, 11, 14, 23 Acciona 8 Barbie 23 Citibank 1, 5, 14, 15, 23 Accor 8 Barnes & Noble 11, 16 Clear Channel Comm 1, 14 Aceralia 8 Barnesandnoble.com 16 Cleveland-Cliffs 5 Acerinox 8 Barry Wright 5 Clorox 14 Acesa 8 Basf 3 Club Med 8 ACS 8 Bass 8 CMGI 8, 12 Adidas 23 Baxter International 1 Coca-Cola 1, 5, 6, 11, 13, 14, 23 Adv. Info. Service (AIS) 8 Bayer 3 Coca-Cola Enterprises 14 Aegon 3, 14 Bayern Munich 23 Colgate 1, 23 Agency. Com 8 BBVA 3, 8, 14 Colt Industries 5 Aguas Barcelona 8 BCP 8 Comcast 1 Ahold 3, 14 Bea Systems 1 Commonwealth Teleph 8 Air Liquide 3 Bell Atlantic 14 Compaq Computer 1, 14, 23 Alba 8 BellSouth 1, 8, 14 Computer Associates 1 Alcatel 3 Benetton 23 Compuware 14 Alcoa 1, 5 Bertelsmann 16 Comverse Technology 1 Allianz 3 BES 8 ConAgra 1 Allstate Corporation 1 Bestfoods 1 Continente 8 Alltel Corporation 1 BMW 23 Corning 1 Altadis 8 BNP 3 Costco Companies 14 Amadeus 8 Boeing 1, 5, 6, 14, 18 Cox Communications 1 Amazon.com 8, 12, 16, 22, 23 Boston Chicken 16 Creative Computers 16 America Online (AOL) 1, 8, 12, 14, Boston Consulting Group 13 CRH 8 16, 23 BP 23 CTC 8 American Airlines 5 BPI 8 CUC International 5 American Express 1, 5, 14, 23 Brasil Telecom 8 CVS Corp 1 American General Corporation Braun Consulting 8 DaimlerChrysler 3 American Home 1, 14 Bristol Myers Saquibb 1, 14 Danone 3 American Inter.
    [Show full text]
  • The History and Remedy of Financial Crises and Bank Failures
    The author Michael Schemmann Michael Sche is a professional banker, certified public accountant, and university professor of accounting and finance. The book reviews a long litany of financial crises and bank failures since the 3rd century right up to the ongoing Global Financial Crisis. The author analyzes the financial statement mmann of a large international commercial bank in Frankfurt, Germany, and concludes that IFRS accounting principles and standards are not followed but violated, rendering the statements rather false and misleading. The book contains a remedy to end the Global Financial Crisis and prevent future crises, calling on the European Central Bank to step in and take over the role of money Money creator which is currently done by the private commercial banks, and allow governments to buy-back their general Breakdown and government debt theld by the banks, thereby reducing the MON outstanding sovereign debt of the euro area by 32% while improving the banks' liquidity sevenfold in a way that is Breakthrough completely inflation-neutral (sterile). The misconceived EY austerity programs 'to save the euro' can then be rolled back and abandoned. Br iicpa eak do The History and Remedy IICPA Publications wn and Br 1st Edition - 31 October 2013 of Financial Crises and ISBN 978-1492920595 eak Bank Failures thr ough IICPA PUBLICATIONS Money. Breakdown and Breakthrough. The History and Modern states gave control of monetary policy and markets to the Remedy of Financial Crises and Bank Failures. (1st Edition.) barons of global finance. The experiment has resulted in the same By Michael Schemmann disastrous outcomes as before.
    [Show full text]
  • The Future of Transatlantic Relations
    From Alliance to CoalitionsÐ The Future of Transatlantic Relations Werner Weidenfeld, Caio Koch-Weser, C. Fred Bergsten, Walther Stützle, John Hamre eds.) From Alliance to CoalitionsÐ The Future of Transatlantic Relations Bertelsmann Foundation Publishers Bibliographic information published by Die Deutsche Bibliothek Die Deutsche Bibliothek lists this publication in the Deutsche Nationalbibliografie; detailed bibliographic data is available on the Internet at http://dnb.ddb.de. 2004 Bertelsmann Foundation Publishers, Gütersloh Responsible: Nicole Renvert Translation: Toby Axelroth, Michael Prince, Dr. Barbara Serfozo Editing: Nicole Renvert, Maren Qualmann Production editor: Sabine Reimann Cover design: HTG Werbeagentur, Bielefeld Cover illustration: Zefa/MEV Typesetting and printing: Hans Kock Buch- und Offsetdruck GmbH, Bielefeld ISBN 3-89204-762-6 www.bertelsmann-stiftung.de/verlag Table of Contents Acknowledgements ....................................... 9 Werner Weidenfeld Introduction: The Intertwining of Security and Economics ............... 11 Werner Weidenfeld Executive Summary: The Transatlantic Strategy Group on Security ............. 37 Walther Stützle Executive Summary: The Transatlantic Strategy Group on Economics, Finance and Trade ........................................ 51 C. Fred Bergsten, Caio Koch-Weser Security ................................................... 59 The New Patterns in Transatlantic Relations ..................... 59 Transatlantic TristesseÐ More Than Just History Repeating Itself? ................
    [Show full text]