Coporate Finance

This study examined the effect of audit Committees' Quality (audit committee members, audit committee meetings and audit committee financial expertise) on financial performance with a focus on the Nigerian food and beverages sector. The population of the study comprises of food and Beverages companies that are listed in the Nigerian Stock Exchange. The study samples were selected usingpurposivesampling method. Data were collected from the Annual report and accounts of the selected companies for a period of ten years (2007-2016). The study also employed correlation and structural equation modelling for analysing the data. The results revealed a significant positive effect between audit committee meetings, audit committee financial expertise and financial performance. The result of the study also shows a insignificant negative effect betweenaudit committee members and financial performance of the Nigerian food and beverages sector. This study therefore, recommends that the efforts to improve audit committee's quality performance should focus on the meeting and audit financial expertise of audit committee members and also the audit committee should be made more effective and efficient by ensuring that more members with financial expertise especially accounting expertise be drafted into the audit committee which would enhance financial performance of the firms.

Lucrarea arata faptul ca elementul CAPITAL se formează, legal, din acumulări proprii ale întreprinzătorilor și donații, reprezentate, în cazul României, de fondurile europene (pentru capitalizarea firmelor este necesar efortul propriu, în condițiile disciplinei de piață, al acționarilor în scopul acumulării anuale de capital prin profitul obținut + accesarea intensivă a fondurilor europene).
CREDITUL nu reprezintă decât o sursă complementară a resurselor permanente ale investitorului. Reluarea pe baze sănătoase a creditării necesită îmbunătățirea educației financiare a populației și a firmelor, plus transformarea băncilor în factori activi de atragere a clienților, de informare a acestora conform practicii europene, sporirea capacității de analiză financiară a funcționarilor bancari, îndeosebi pentru firme
Democrația și economia de piață aduc cu sine nu numai libertate individuală ci și responsabilitate individuală, care trebuie manifestată pe baze mai solide, moderne, atât în relația bănci-clienți, cât și în cea dintre clienți și bănci.

This book focuses on Capital – concept, functional features and formation in post communist Romania.
It analyses the capital as both permanent own financial resource and fixed capital, as determinant of effective and potential GDP.
Bank capital in Romania is debated as being between development factor and source of disequilibrium, while the capital-labour relationship is seen an expression of the effectiveness -fairness relationship.
Privatisation ia another subject of interest, it being studied as a lever for capitalisation and increased competitiveness or a source of vulnerability for the Romanian economy.
European funds in Romania as source of capital or for financing current expenditures are analyzed in dynamics as well as related to their contribution to capital formation and the catching-up process.
Globalisation, deregulation and developments in capital in Romania are explained also in relation to the deregulation-regulation cycle. Economic and social development, the middle income trap and social disparities are some of the other major topics of the book.
Policy measures and conclusions of the current stance of Romania economics are drawn in this study based on an unique microeconomic database for Romania, as well as comparative information related to other former communist countries in the region and EU member states.

The purpose of this study is to identify the relationship between board Structure and efficiency of licensed domestic commercial banks in Sri Lanka for the period from 2009 to 2013. This study also examines the impact of board Structure on efficiency of licensed domestic commercial banks in Sri Lanka. In this study, 10 licensed domestic commercial banks are taken as sample for the purpose of data analysis and hypotheses are examined with help of Pearson’s correlation and regression analysis. Secondary data from the annual reports of banks and journals were used for the analysis purpose. The findings show that, smaller board size and greater board independence lead to better efficiency of licensed domestic commercial banks in Sri Lanka. Further, board meeting has a significant impact on efficiency of the licensed domestic commercial banks in Sri Lanka. This study would hopefully benefit the academicians, researchers, policy-makers and practitioners of Sri Lanka and other similar coun...

Existe una gran paradoja que subyace en el Derecho: la de constreñir parte de la libertad individual para otorgar la posibilidad de poder construirla. Es decir, quitar libertad en nombre de la libertad. Pueda que se asemeje a una contradicción, pero en torno a eso gira cualquier sistema jurídico, o al menos, debería hacerlo. Cualquier orden legal debe garantizar al ser humano la mayor actuación de su libertad, con el objetivo de que éste pueda configurar su propia vida a obra y gracia de su voluntad 1 .