Roy C. Smith – författare
Visar alla böcker från författaren . Handla med fri frakt och snabb leverans.
13 produkter
13 produkter
Inbunden, Engelska, 2006
1 091 kr
Skickas inom 7-10 vardagar
Nearly seventy years after the last great stock market bubble and crash, another bubble emerged and burst, despite a thick layer of regulation designed since the 1930s to prevent such things. This time the bubble was enormous, reflecting nearly twenty years of double-digit stock market growth, and its bursting had painful consequence. The search for culprits soon began, and many were discovered, including not only a number of overreaching corporations, but also their auditors, investment bankers, lawyers and indeed, their investors. In Governing the Modern Corporation, Smith and Walter analyze the structure of market capitalism to see what went wrong.They begin by examining the developments that have made modern financial markets--now capitalized globally at about $70 trillion--so enormous, so volatile and such a source of wealth (and temptation) for all players. Then they report on the evolving role and function of the business corporation, the duties of its officers and directors and the power of its Chief Executive Officer who seeks to manage the company to achieve as favorable a stock price as possible. They next turn to the investing market itself, which comprises mainly financial institutions that own about two-thirds of all American stocks and trade about 90% of these stocks. These investors are well informed, highly trained professionals capable of making intelligent investment decisions on behalf of their clients, yet the best and brightest ultimately succumbed to the bubble and failed to carry out an appropriate governance role. In what follows, the roles and business practices of the principal financial intermediaries--notably auditors and bankers--are examined in detail. All, corporations, investors and intermediaries, are found to have been infected by deep-seated conflicts of interest, which add significant agency costs to the free-market system. The imperfect, politicized role of the regulators is also explored, with disappointing results. The entire system is seen to have been compromised by a variety of bacteria that crept in, little by little, over the years and were virtually invisible during the bubble years. These issues are now being addressed, in part by new regulation, in part by prosecutions and class action lawsuits, and in part by market forces responding to revelations of misconduct. But the authors note that all of the market's professional players--executives, investors, experts and intermediaries themselves--carry fiduciary obligations to the shareholders, clients, and investors whom they represent. More has to be done to find ways for these fiduciaries to be held accountable for the correct discharge of their duties.
Inbunden, Engelska, 2012
1 589 kr
Few sectors of the global economy have experienced the dynamic and structural change that has occurred over the past several decades in banking and financial services or as much turbulence and damage to the economy and to ordinary people. Regulatory and technological changes have been among the main catalysts of change in the financial industry worldwide, making entrenched competitive structures obsolete and mandating the development of new products, new processes, new strategies, and new public policies toward the industry.This book attempts to reassess the continuing transformational process of global banking and finance - its causes, its course, and its consequences. It begins with an overview of the most recent developments and goes on to examine the major dimensions of international commercial and investment banking, including money and foreign exchange markets, debt capital markets, international bank lending, derivatives, asset-based and project financing, and equity capital markets. Later, the various advisory businesses -- mergers and acquisitions, privatizations, institutional asset management, and private banking -- are analyzed. In each case, the factors that distinguish the winners from the losers are identified. This is brought together in the final section of the book, which deals with problems of strategic positioning and execution, as well as critical risk issues and regulations.
E-bok
PDF, Engelska, 2006825 kr
Läs direkt efter köp
Nearly seventy years after the last great stock market bubble and crash, another bubble emerged and burst, despite a thick layer of regulation designed since the 1930s to prevent such things. This time the bubble was enormous, reflecting nearly twenty years of double-digit stock market growth, and its bursting had painful consequence. The search for culprits soon began, and many were discovered, including not only a number of overreaching corporations, but also their auditors, investment bankers, lawyers and indeed, their investors. In Governing the Modern Corporation, Smith and Walter analyze the structure of market capitalism to see what went wrong. They begin by examining the developments that have made modern financial markets--now capitalized globally at about $70 trillion--so enormous, so volatile and such a source of wealth (and temptation) for all players. Then they report on the evolving role and function of the business corporation, the duties of its officers and directors and the power of its Chief Executive Officer who seeks to manage the company to achieve as favorable a stock price as possible. They next turn to the investing market itself, which comprises mainly financial institutions that own about two-thirds of all American stocks and trade about 90% of these stocks. These investors are well informed, highly trained professionals capable of making intelligent investment decisions on behalf of their clients, yet the best and brightest ultimately succumbed to the bubble and failed to carry out an appropriate governance role. In what follows, the roles and business practices of the principal financial intermediaries--notably auditors and bankers--are examined in detail. All, corporations, investors and intermediaries, are found to have been infected by deep-seated conflicts of interest, which add significant agency costs to the free-market system. The imperfect, politicized role of the regulators is also explored, with disappointing results. The entire system is seen to have been compromised by a variety of bacteria that crept in, little by little, over the years and were virtually invisible during the bubble years. These issues are now being addressed, in part by new regulation, in part by prosecutions and class action lawsuits, and in part by market forces responding to revelations of misconduct. But the authors note that all of the market''s professional players--executives, investors, experts and intermediaries themselves--carry fiduciary obligations to the shareholders, clients, and investors whom they represent. More has to be done to find ways for these fiduciaries to be held accountable for the correct discharge of their duties.
E-bok
PDF, Engelska, 20111 163 kr
Läs direkt efter köp
Few sectors of the global economy have experienced the dynamic and structural change that has occurred over the past several decades in banking and financial services or as much turbulence and damage to the economy and to ordinary people. Regulatory and technological changes have been among the main catalysts of change in the financial industry worldwide, making entrenched competitive structures obsolete and mandating the development of new products, new processes, new strategies, and new public policies toward the industry.This third edition of Global Banking reassess the continuing transformational process of global banking and finance--its causes, its course, and its consequences. It begins with an overview of the most recent developments and goes on to examine the major dimensions of international commercial and investment banking, including money and foreign exchange markets, debt capital markets, international bank lending, derivatives, asset-based and project financing, and equity capital markets. Later, the various advisory businesses--mergers and acquisitions, privatizations, institutional asset management, and private banking--are analyzed. In each case, the factors that distinguish the winners from the losers are identified. This is brought together in the final section of the book, which deals with problems of strategic positioning and execution, as well as critical risk issues and regulations.
E-bok
Engelska, 2006825 kr
Läs direkt efter köp
Nearly seventy years after the last great stock market bubble and crash, another bubble emerged and burst, despite a thick layer of regulation designed since the 1930s to prevent such things. This time the bubble was enormous, reflecting nearly twenty years of double-digit stock market growth, and its bursting had painful consequence. The search for culprits soon began, and many were discovered, including not only a number of overreaching corporations, but also their auditors, investment bankers, lawyers and indeed, their investors. In Governing the Modern Corporation, Smith and Walter analyze the structure of market capitalism to see what went wrong.They begin by examining the developments that have made modern financial markets--now capitalized globally at about $70 trillion--so enormous, so volatile and such a source of wealth (and temptation) for all players. Then they report on the evolving role and function of the business corporation, the duties of its officers and directors and the power of its Chief Executive Officer who seeks to manage the company to achieve as favorable a stock price as possible.They next turn to the investing market itself, which comprises mainly financial institutions that own about two-thirds of all American stocks and trade about 90% of these stocks. These investors are well informed, highly trained professionals capable of making intelligent investment decisions on behalf of their clients, yet the best and brightest ultimately succumbed to the bubble and failed to carry out an appropriate governance role.In what follows, the roles and business practices of the principal financial intermediaries--notably auditors and bankers--are examined in detail. All, corporations, investors and intermediaries, are found to have been infected by deep-seated conflicts of interest, which add significant agency costs to the free-market system. The imperfect, politicized role of the regulators is also explored, with disappointing results. The entire system is seen to have been compromised by a variety of bacteria that crept in, little by little, over the years and were virtually invisible during the bubble years.These issues are now being addressed, in part by new regulation, in part by prosecutions and class action lawsuits, and in part by market forces responding to revelations of misconduct. But the authors note that all of the market''s professional players--executives, investors, experts and intermediaries themselves--carry fiduciary obligations to the shareholders, clients, and investors whom they represent. More has to be done to find ways for these fiduciaries to be held accountable for the correct discharge of their duties.
Häftad, Engelska, 2006
178 kr
Skickas inom 5-8 vardagar
Häftad, Engelska, 2000
432 kr
Skickas inom 5-8 vardagar
E-bok
Engelska, 2019191 kr
Läs direkt efter köp
Sports prototype racing is about endurance, for the drivers, for the teams and for the companies involved. In this story we see the effort, the blood, the sweat and the tears, reputations won and lost, life and also death; in the case of Alpine, it had a passion and dedication for racing over a long period with stunningly beautiful, creative, slippery aerodynamic designs that allowed it to take many class wins and outright victories in championship racing, and ultimately the Le Mans 24 hours. You will feel the passion and dedication for racing from interviews with the men involved over the many long hard years, illustrated with dramatic period photographs.
E-bok
Engelska, 202030 kr
Läs direkt efter köp
This is the story of an incredible and very rare car. The 924 Carrera was widely reported at the time as being one of the greatest of the Porsche ''specials,'' but has been overshadowed in history by other models. Here, for the first time, is the definitive story of the Porsche 924 Carrera. One of the great supercars of the 1980s, the 924 Carrera was considered by many to have better handling characteristics than Porsche''s flagship 911. The book features interviews with many of those involved with the car at the time, both in Europe and the USA, together with race stories, statistics, and a unique expose of component failures during racing. Road tests examined the 210bhp, 150mph road car''s performance, magazines hailed it as one of the greatest Porsche ''specials,'' and rumour says that the last front-engined models could have threatened the sales of Porsche''s flagship 911, causing the front engined 968 model to be ''killed off.'' From its early conceptual phase and the 924 Rallye Turbo of 1979, to the prototype 924 GTR/P that tested at the Paul Ricard Circuit and went on to place sixth at Le Mans in 1980, this book records the model''s evolution to excellence, based on extensive research in Porsche AG''s own archives. It covers the 406 Homologation models, built to qualify for Le Mans, and the 59 very special competition models, as well as the 17 GTR racing models. With race details covering Europe and the USA, from the Sports Car Club of America production D racers, to the GTO and Trans Am class 924 GTRs of the mid-80s, this is the first time that the full history of this rare supercar has been told.
E-bok
Engelska, 2021165 kr
Läs direkt efter köp
Powered by Porsche - the Alternative Race Cars is a thorough and fascinating account of the racing cars that were powered by Porsche engines, but where the chassis and development of the car was carried out by others.The Porsche company in Zuffenhausen, Germany, can probably be said to be the most successful marque ever for victories in the motor racing scene. Likewise many firsts in innovation have come with the name Porsche attached. Many major racing car producers such as Elva, Lotus, Lola, or March, as well as many smaller independents, at some time featured a Porsche engine in their chassis. Demand for the services and supply of cars, chassis, and parts from Porsche, often outstripped their ability to deliver during the late ''70s to early ''80s. With many new projects in the rapidly expanding Porsche organisation, race car projects had to be prioritised. This would lead to the creation of the replicas, as opposed to the factory-built works race cars, and even Porsche was building ''replica'' 935s to supply to clients, continuing into the 962 era. In turn, a whole new, highly specialised, high quality industry grew up to meet the demand for Porsche-powered racers. In this fascinating book we meet the racing cars, the teams and the people who turned to Porsche to utilise the power from, perhaps, the greatest of all engine makers.This is thought to be first book on the subject, covering the entire history of Porsche engines, detailed engine specifications, non-Porsche chassis, and race details, as well as team histories with anecdotes from drivers. It is illustrated with many previously unpublished photos, and provides fascinating reading for all racing fans, as well as Porsche enthusiasts.
E-bok
Engelska, 2022148 kr
Läs direkt efter köp
This is a story of excitement, laughs, astonishment and anger - a story of the determination of a man with a dream and a passion for motor racing in the big leagues. It is the first time that the history of the always under-financed Gordini racing team has been documented in English, and the first complete story of Gordini himself in any language. This volume will appeal to new enthusiasts and old hands of Formula 1 and sports prototype racing, especially those who have owned a Gordini-badged high-performance Renault road car. It charts Gordini''s early life and beginnings in motorsport, up to 1969 when Renault took over the Gordini company, keeping his name on all the racing engines until 1986, before finally resurrecting it for a performance version of the Renault Twingo and Clio in 2009. The book is packed with evocative period images from important collections, supplementary transcripts in English from many contemporary interviews, plus recollections from former employees remembering their time working with Gordini, and an exhaustive set of statistics. All the way it''s a roller coaster of joy, despair, humour, and stunning images. The racing legend of ''Le Sorcier'' lives on.
E-bok
Engelska, 2024152 kr
Läs direkt efter köp
There are still those who see the Porsche 914 model as a ‘funny little car,’ compared to the immortal 911. Granted, in its day, professional rally drivers were not keen on the 914: they were nervous driving it at the limit. Yet the records show that 914s were driven to at least 41 class wins, and at least 71 positions on the other two steps of the podium in Regional, National, and International Rallies.Racing on the circuits of Europe, 914s came home first in their class, and even took overall victory many times. In the USA, in IMSA GTU championship, in nationals, and internationals, it was the same story – and that’s not counting the multitude of SCCA regional races. The 914 first raced in 1970 … the last? Who knows: even now they’re still used in the USA’s SCCA GT classes.''Porsche – the Racing 914s'' is a study in pictures, statistics, factory information, and interviews, that will show the Porsche 914 in a whole new light. Originally a hardback limited edition which has long since sold out, this richly illustrated book is now available in a revised paperback form, and is a must have for all Porsche 914 and racing enthusiasts.
Häftad, Engelska, 2000
428 kr
Skickas inom 5-8 vardagar