The Experts below are selected from a list of 392064 Experts worldwide ranked by ideXlab platform

Joost Jonker - One of the best experts on this subject based on the ideXlab platform.

  • the formative years of the modern corporation the dutch east india company voc 1602 1623
    The Journal of Economic History, 2013
    Co-Authors: Oscar Gelderblom, Abe De Jong, Joost Jonker
    Abstract:

    With their legal personhood, permanent capital, transferable shares, separation of ownership and management, and limited liability, the Dutch and English colonial trading companies VOC and EIC are considered institutional breakthroughs. We analyze the VOC's business operations and Financial Policy and show that its novel corporate form owed less to foresight than to piecemeal engineering to remedy design flaws. The crucial feature of managerial limited liability was not, as previously thought, integral to that design, but emerged only after protracted experiments with various solutions to the company's Financial bottlenecks. Legal form followed economic function, not the other way around.

  • the formative years of the modern corporation the dutch east india company voc 1602 1623
    2012
    Co-Authors: Oscar Gelderblom, Abe De Jong, Joost Jonker
    Abstract:

    With their legal personhood, permanent capital with transferable shares, separation of ownership and management, and limited liability for both shareholders and managers, the Dutch East India Company (VOC) and subsequently the English East India Company (EIC) are generally considered a major institutional breakthrough. Our analysis of the business operations and notably the Financial Policy of the VOC during the company’s first two decades in existence shows that its corporate form owed less to foresight than to constant piecemeal engineering to remedy original design flaws brought to light by prolonged exposure to the strains of the Asian trade. Moreover, the crucial feature of limited liability for managers was not, as previously thought, part and parcel of that design, but emerged only after a long period of experimenting with various, sometimes very ingenious, solutions to the company’s Financial bottlenecks.

Oscar Gelderblom - One of the best experts on this subject based on the ideXlab platform.

  • the formative years of the modern corporation the dutch east india company voc 1602 1623
    The Journal of Economic History, 2013
    Co-Authors: Oscar Gelderblom, Abe De Jong, Joost Jonker
    Abstract:

    With their legal personhood, permanent capital, transferable shares, separation of ownership and management, and limited liability, the Dutch and English colonial trading companies VOC and EIC are considered institutional breakthroughs. We analyze the VOC's business operations and Financial Policy and show that its novel corporate form owed less to foresight than to piecemeal engineering to remedy design flaws. The crucial feature of managerial limited liability was not, as previously thought, integral to that design, but emerged only after protracted experiments with various solutions to the company's Financial bottlenecks. Legal form followed economic function, not the other way around.

  • the formative years of the modern corporation the dutch east india company voc 1602 1623
    2012
    Co-Authors: Oscar Gelderblom, Abe De Jong, Joost Jonker
    Abstract:

    With their legal personhood, permanent capital with transferable shares, separation of ownership and management, and limited liability for both shareholders and managers, the Dutch East India Company (VOC) and subsequently the English East India Company (EIC) are generally considered a major institutional breakthrough. Our analysis of the business operations and notably the Financial Policy of the VOC during the company’s first two decades in existence shows that its corporate form owed less to foresight than to constant piecemeal engineering to remedy original design flaws brought to light by prolonged exposure to the strains of the Asian trade. Moreover, the crucial feature of limited liability for managers was not, as previously thought, part and parcel of that design, but emerged only after a long period of experimenting with various, sometimes very ingenious, solutions to the company’s Financial bottlenecks.

Harry Grubert - One of the best experts on this subject based on the ideXlab platform.

  • repatriation taxes repatriation strategies and multinational Financial Policy
    Research Papers in Economics, 2002
    Co-Authors: Rosanne Altshuler, Harry Grubert
    Abstract:

    Several investment-repatriation strategies are added to the standard model of a parent and its affiliate in which the affiliate is located in a low-tax country and is limited to two alternatives: repatriating taxable dividends to the parent or investing in its own real operations. In our model, the subsidiary can invest in passive assets which the parent can borrow against, making any direct taxable flow to the parent unnecessary. The low-tax subsidiary can also use its earnings to invest in a related high-tax affiliate which becomes the vehicle for tax-free repatriations. Alternatively, the low-tax affiliate can be capitalized by equity injections through an upper-tier sibling. This reduces the tax on repatriations from the low-tax subsidiary because taxes at home on foreign source income are based on a blend of the siblings' tax rates. We show analytically how the availability of these strategies can effect real investment in the low-tax subsidiary and throughout the worldwide corporation. We use firm level data for U.S. multinational corporations to test for the importance of these alternative strategies. The evidence is generally consistent with the theory, particularly the "triangular" strategies using related affiliates.

  • repatriation taxes repatriation strategies and multinational Financial Policy
    Social Science Research Network, 2001
    Co-Authors: Rosanne Altshuler, Harry Grubert
    Abstract:

    Several investment-repatriation strategies are added to the standard model of a multinational in which an affiliate is located in a low-tax country and is limited to two alternatives: repatriating taxable dividends to the parent or investing in its own real operations. In our model, affiliates can invest in passive assets, which the parent can borrow against, or in related affiliates which can be used as vehicles for tax-favored repatriations. We show analytically how the availability of alternative strategies can effect real investment throughout the worldwide corporation. We use firm level data for U.S. multinationals to test for the importance of alternative strategies. The evidence is generally consistent with the theory, particularly the strategies using related affiliates.

Abe De Jong - One of the best experts on this subject based on the ideXlab platform.

  • the formative years of the modern corporation the dutch east india company voc 1602 1623
    The Journal of Economic History, 2013
    Co-Authors: Oscar Gelderblom, Abe De Jong, Joost Jonker
    Abstract:

    With their legal personhood, permanent capital, transferable shares, separation of ownership and management, and limited liability, the Dutch and English colonial trading companies VOC and EIC are considered institutional breakthroughs. We analyze the VOC's business operations and Financial Policy and show that its novel corporate form owed less to foresight than to piecemeal engineering to remedy design flaws. The crucial feature of managerial limited liability was not, as previously thought, integral to that design, but emerged only after protracted experiments with various solutions to the company's Financial bottlenecks. Legal form followed economic function, not the other way around.

  • the formative years of the modern corporation the dutch east india company voc 1602 1623
    2012
    Co-Authors: Oscar Gelderblom, Abe De Jong, Joost Jonker
    Abstract:

    With their legal personhood, permanent capital with transferable shares, separation of ownership and management, and limited liability for both shareholders and managers, the Dutch East India Company (VOC) and subsequently the English East India Company (EIC) are generally considered a major institutional breakthrough. Our analysis of the business operations and notably the Financial Policy of the VOC during the company’s first two decades in existence shows that its corporate form owed less to foresight than to constant piecemeal engineering to remedy original design flaws brought to light by prolonged exposure to the strains of the Asian trade. Moreover, the crucial feature of limited liability for managers was not, as previously thought, part and parcel of that design, but emerged only after a long period of experimenting with various, sometimes very ingenious, solutions to the company’s Financial bottlenecks.

Rindu Rika Gamayuni - One of the best experts on this subject based on the ideXlab platform.

  • pengaruh intangible asset kebijakan keuangan dan kinerja keuangan terhadap nilai perusahaan
    2012
    Co-Authors: Rindu Rika Gamayuni
    Abstract:

    The purpose of this study is to empirically study (1) the effect of intangible asset on Financial Policy, (2) the effect of intangible asset on Financial performance, (3) the effect of intangible asset, Financial performance (current ratio, ROA, asset turnover), and Financial Policy on firm value. The sample of this research is manufacture companies registered between 2005 -2009 on Indonesian Stock Exchange (IDX). The result of this study using path analysis finds that: (1) intangible asset have negative but not significant effect on debt Policy, (2) intangible asset have possitive but not significant effect on dividend Policy,(3) intangible asset have possitive significant effect on ROA, but have no significant effect to current ration and asset turnover, (3) intangible asset have possitive significant effect on firm value, (4) debt Policy have possitive significant effect on firm value,(5) devident Policy have possitive but not significant effect on firm value, (6) ROA have possitive and significant effect on firm value, but current ratio and asset turnover have no significant effect on firm value. These results showed that Financial statement still relevant to predict firm value. Intangible asset will increase ROA and then increase firm value. Keywords: intangible asset, Financial Policy, Financial performance, firm value.

  • pengaruh intangible asset kebijakan keuangan dan kinerja keuangan terhadap nilai perusahaan
    2012
    Co-Authors: Rindu Rika Gamayuni
    Abstract:

    The purpose of this study is to empirically study (1) the effect of intangible asset on Financial Policy, (2) the effect of intangible asset on Financial performance, (3) the effect of intangible asset, Financial performance (current ratio, ROA, asset turnover), and Financial Policy on firm value. The sample of this research is manufacture companies registered between 2005 -2009 on Indonesian Stock Exchange (IDX). The result of this study using path analysis finds that: (1) intangible asset have negative but not significant effect on debt Policy, (2) intangible asset have possitive but not significant effect on dividend Policy,(3) intangible asset have possitive significant effect on ROA, but have no significant effect to current ration and asset turnover, (3) intangible asset have possitive significant effect on firm value, (4) debt Policy have possitive significant effect on firm value,(5) devident Policy have possitive but not significant effect on firm value, (6) ROA have possitive and significant effect on firm value, but current ratio and asset turnover have no significant effect on firm value. These results showed that Financial statement still relevant to predict firm value. Intangible asset will increase ROA and then increase firm value. Keywords: intangible asset, Financial Policy, Financial performance, firm value.