14,280 research outputs found
Poet Brian Gilmore, professor of Law at Michigan State University, reads from his work at the Michigan Writers Series
No full textPoet Brian Gilmore, professor of Law at Michigan State University, reads from his work. Gilmore answers questions from the audience regarding his writing style and his hometown of Washington, D.C. Gilmore is introduced by MSU Librarian Robin Silbergleid. Part of the MSU Libraries Michigan Writes Series. Held in the Main Library
Fachkatalog Neuguinea / Stadt- und Universitätsbibliothek Frankfurt am Main
No full textAus Anlaß des Kongresses der "Deutsch-Pazifischen Gesellschaft" im Juni 1981 in Düsseldorf legt die Stadt- und Universitätsbibliothek Frankfuxt am Main ein Verzeichnis ihrer Bestände zum Raum "Neuguinea" vor . Dabei umfaßt der Katalog sowohl die Literatur zu "Papua-Neuguinea" (Niugini)" als auch zur indonesischen Provinz "West-Irian (Irian Jaya)". Aus Gründen des geographischen Zusammenhangs werden in einem Anhang allgemeine Publikationen zum Raum Melanesien in den Katalog aufgenommen. Die gezielte Sammlung der Literatur zu diesem Raum ist ein Ergebnis der Zuweisung des Sondersarnmelgebietes "Ozeanian" durch die Deutsche Forschungagemeinschaft an die Frankfurter Stadt- und Univeraitätsbibliothek. Dabei liegt der Schwerpunkt auf der Sammlung historischer und ethnologischer Literatur. Grundlage des Katalogausdruckes ist der Länderteil des Sachkataloges der Bibliothek, der nach feststehenden Länderkennziffern, Fachgruppen und Schlüsselnummern gegliedert ist. Unter jeder Schlüsselnummer sind die Eintragungen chronologisch geordnet. Auf jeder Titelkarte befindet sich rechts oben die Signatur, unter der das Buch über Fernleihe bei der Stadt- und Universitätsbibliothek Frankfurt am Main bestellt werden kann
Executive Pay – a career perspective
No full textThis paper argues that the rise in directors’ remuneration in the UK over recent years has been, to a large extent, an unintended consequence of institutional change in the governance arrangements of UK companies. The increase in disclosure regarding the detail of what directors are paid and the adoption of transparent processes by which directors’ remuneration is determined have combined to produce an outcome whereby the top management teams of large publicly held companies are able to command an ever increasing portion of the quasirent (surplus after running costs) earned by those companies. It is also true that a shift in shareholder attitudes has brought about an increased emphasis on shareholder value which, in turn, has encouraged the uptake of payment-by-results arrangements for the remuneration of directors. These have made the reward stream more ‘risky’ as far as the individual director is concerned and, in recognition of this and to compensate for risk aversion, the actuarial value of remuneration has increased. In a more general setting, runaway labour costs would be expected to be held in check by competitive forces in the product market or, in the face of diminishing profitability, by the market for corporate control, whereby underperforming companies are vulnerable to takeover. But while remuneration payouts to directors are large by many measures, they do not present a significant issue for the UK’s larger companies. For reasons explored below, the upward pressure on directors’ remuneration can be expected to continue. Some of the less desirable features of this trend (pay without performance, etc.) could in part, be remedied by a move to Career Shares – long term incentives which cannot be cashed out on vesting but must be held until some considerable time after the director has demitted office. The following section of the paper attempts to flesh out this argument, starting with an examination of Chief Executive Officer (CEO) pay trends in the FTSE-350
Pre-trial settlement: Who's for two-way offers?
No full textThis paper reviews the use of cost shifting devices intended to encourage pre-trial settlement. Both the well-known instrument of judicial offers (tenders) and the more recently introduced pursuers' offers are discussed. Numerical examples are provided and experimental evidence is reviewed. Both sources create some doubts regarding the efficacy of such devices in encouraging settlement. There is a strategic aspect of negotiating that is encouraged by these rules. In essence, these arrangements impart a certain amount of power to one side or other. This influences the level of settlement (if any), but may also reduce the probability of reaching a settlement. Abandoning such arrangements, while somewhat contrary to conventional views may well be a positive step in encouraging pre-trial settlement.
Give growth and macroeconomic stability in Russia a chance - harden budgets by eliminating nonpayments
No full textThe authors analyze the links between Russia's disappointing growth performance in the second half of the 1990s, its costly and unsuccessful stabilization, the macroeconomic meltdown of 1998, and the spectacular rise of non-payments. Non-payments flourished in an environment of fundamental inconsistency between a macroeconomic policy geared at sharp disinflation, and a microeconomic policy of bailing enterprises out through soft budget constraints. Heavy untargeted implicit subsidies flowing through the non-payments system (amounting to 10 percent of GDP annually) have stifled growth, contributed to the August 1998 meltdown, through their impact on public debt, and have made at best a questionable contribution to equity. Dismantling this system must be a top priority, along with promoting enterprise restructuring and growth (by hardening budget constraints) and medium-term macroeconomic stability (by reducing the size of subsidies). Getting the government out of the non-payments system means settling all appropriately controlled budgetary expenditures on time, and in cash, and eschewing spending arrears, thereby setting an example for enterprises, and laying the groundwork for eliminating tax offsets at all levels of government, and insisting on cash tax payments. To stop energy-related subsidies, would require not only that the government pay its own energy bills on time, and in cash, but also that the energy monopolies be empowered to disconnect non-paying clients. This will enable the government to insist that the energy monopolies in turn pay their own taxes in full, and on time.Banks&Banking Reform,Public Sector Economics&Finance,Economic Theory&Research,Payment Systems&Infrastructure,Environmental Economics&Policies,Banks&Banking Reform,Environmental Economics&Policies,Municipal Financial Management,Public Sector Economics&Finance,Economic Theory&Research
Autoworker and acclaimed author Ben Hamper speaks at the Michigan Writers Series
No full textIn an appearance at the Michigan State University Main Library, autoworker and acclaimed author Ben Hamper talks about his career at the General Motors Truck and Bus Plant in Flint, Michigan and reads from various works, including his forward to the book "Working words: punching the clock and kicking out the jams" by M. L. Liebler and from his most famous work, "Rivethead", a cynical and humorous view of life in an auto plant. A question and answer session follows. Hamper is introduced by Michigan State University Professor John P. Beck for the Michigan State University Libraries' Michigan Writers Series
The British American Rules: An experimental examination of pre-trial bargaining within the shadow of the law
No full textA commonly held view is that the frequency and value of pre-trial settlements in civil disputes are greatly influenced by the cost allocation regime that is in place if the case goes to trial. There is a large and growing theoretical literature on this subject but almost no empirical evidence. This is due simply to the scarcity of relevant data owing to the confidentiality generally associated with such matters. However, the area is an ideal one to analyse experimentally. In this paper we consider the effect of the British and American rules for cost allocation using such an experimental methodology. We find that the two rules produce no difference in the frequency of pre-trial settlements but that the British rule produces higher settlements (pro-pursuer) if the probability of the pursuer winning is large.
What price civil justice?
No full textIn the jurisdictions both of England and Wales and of Scotland, the civil justice system is currently the subject of intense critical appraisal. This paper considers the current status of civil justice, beginning by asking what we expect from our system of civil justice and going on to analyse the supply and demand of civil legal services in market terms. The authors conclude that there is scope in the system for substantial experimentation with procedural reform. They suggest that as much as possible should be done to encourage the development of a cafeteria-style of civil justice system with improved information flows for consumers, and provision for innovations such as cost capping and risk sharing between legal representatives and clients, so providing consumers with more freedom of choice.
Corporate Governance and the Board's Locus of Control:the case of the ABI's treatment of footprints
No full textBefore main banks : a selective historical overview of Japan's prewar financialsystem
No full textThe postwar experience of the Japanese banking system has received considerable attention recently partly because conditions in defeated Japan in 1945 (including high inflation and the need to switch from a military to a civilian economy) are similar to those in transition economies today. Policymakers in transition economies can learn a good deal from the experiences of Japan's postwar financial system but should remember that Japan also experienced extraordinary industrial growth and financial institution building in the late nineteenth and early twentieth centuries. Lessons to be learned from that experience include the following: Business conglomerates that did not continue to depend on government patronage were more successful than others in making the transition to a modern industrial economy. Banks that made a conscious effort to reduce their dependence on central bank credit were more successful than those that did not. The establishment of procedures for punishing defaulting borrowers helped the development of the payments system. Limits on the amount of lending to related parties appear to have contributed to financial stability (and could have contributed more if the newer"zaibatsu"had been as prudent as the older ones). Bank bailouts without accompanying reform (such as those the Bank of Japan undertook in 1920 and 1922) probably increased the likelihood of a more serious crisis, such as that of 1927. Capital standards - the minimum capital requirements established in the 1927 law - were a viable means of encouraging bank consolidation and more prudent lending. The public financial system served as a buffer when the banking sector was downsized.Banks&Banking Reform,Payment Systems&Infrastructure,Financial Intermediation,Financial Crisis Management&Restructuring,Decentralization,Financial Intermediation,Financial Crisis Management&Restructuring,Municipal Financial Management,Banking Law,Banks&Banking Reform
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