Considers the three main forms of winding‐up leading to thedissolution of a company: members′ voluntary winding‐up, creditors′voluntary winding up and compulsory winding up…
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Considers the three main forms of winding‐up leading to the dissolution of a company: members′ voluntary winding‐up, creditors′ voluntary winding up and compulsory winding up. Outlines liquidation procedures involved in these forms of winding‐up under the Insolvency Act 1986, including creditor′s petition, court hearing, collection and distribution of assets, liquidator′s duty to investigate and the final act of dissolving the company.
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States the two factors affecting how much a creditor can recover tobe: the size of the state; and how that estate is distributed. Considersthe status of secured debts, costs of…
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States the two factors affecting how much a creditor can recover to be: the size of the state; and how that estate is distributed. Considers the status of secured debts, costs of bankruptcy, preferred debts, distress, ordinary debts, deferred debts and specially deferred debts in order of precedence in distribution of an estate.
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Considers from the landlord′s surveyors perspective the problem ofdealing with tenants who are in default. Analyses the various remediesavailable to the landlord, including…
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Considers from the landlord′s surveyors perspective the problem of dealing with tenants who are in default. Analyses the various remedies available to the landlord, including forfeiture, levying distress, serving a writ, and issuing a bankruptcy petition. Examines the effects of insolvency, positive trading covenants, and methods of preventing future default problems. Concludes that with a high company failure rate, a realistic outlook and fast action are necessary.
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The concept of institution has been used by scholars from across a number of disciplines to explain a wide variety of phenomena. However, the philosophical roots of this concept…
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The concept of institution has been used by scholars from across a number of disciplines to explain a wide variety of phenomena. However, the philosophical roots of this concept have not been well examined, nor have implications for contemporary institutional analysis been fully appreciated. Returning to the works of Husserl and Merleau-Ponty reveals a depth of thinking that has otherwise been overlooked by institutional theorists. In particular, the author’s analysis reveals two critical insights. First, whereas organizational scholars have closely linked the concepts of institution and taken-for-grantedness, these two concepts were originally understood to be phenomenologically distinct. Second, a detailed examination of Merleau-Ponty’s later work poses the concept of flesh – the twining of the visible and the invisible – as the basis for the interplay of institutions. In turn, the idea of flesh as the foundation of institution invites a more radical reimagining of the growing bifurcation between microfoundations and macrofoundations.
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Claudio Ruggieri and Robert H. Dodds
Describes a probabilistic methodology for fracture assessments of flawed structures constructed of ferritic steels using the research code WSTRESS. The probabilistic formulation…
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Describes a probabilistic methodology for fracture assessments of flawed structures constructed of ferritic steels using the research code WSTRESS. The probabilistic formulation for cleavage fracture implements a multiaxial form of the weakest link model which couples the macroscopic fracture behavior with a micromechanics model based on the statistics of microcracks. The Weibull stress, σw, emerges as a suitable near‐tip parameter to provide a connection between the microregime of failure and remote loading (J). WSTRESS builds on an iterative procedure to incorporate a 3‐D finite element description of the crack‐tip stress field and measured values of fracture toughness to calibrate the Weibull modulus, m, and the scale parameter, σu. Specific features of the code include statistical inference of Weibull parameters based on uncensored and censored models (with maximum likelihood method), construction of confidence intervals, several definitions for the near‐tip fracture process zone and other general facilities such as spatial integration of the stress field (to incorporate the random orientation of microcracks) and stochastic simulation of fracture data using the Monte Carlo method. The code also includes a convenient free‐form command language and a seamless interface with finite element results files stored in Patran binary or ASCII format.
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In financial markets investors and borrowers are faced with a whole structure of prices and interest rates on financial instruments. The determination of equilibria in these…
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In financial markets investors and borrowers are faced with a whole structure of prices and interest rates on financial instruments. The determination of equilibria in these markets is a complex process and presents a challenge to researchers and practitioners alike. In this article we are concerned with a single section of these markets where we study the relationships between the interest rates or yields on financial securities which can be distinguished from each other (as far as possible) only by their term to maturity. We only cover the structure of money or nominal yields, as an examination of the real returns would require another arti‐cle in itself.
Allison S. Gabriel, David F. Arena, Charles Calderwood, Joanna Tochman Campbell, Nitya Chawla, Emily S. Corwin, Maira E. Ezerins, Kristen P. Jones, Anthony C. Klotz, Jeffrey D. Larson, Angelica Leigh, Rebecca L. MacGowan, Christina M. Moran, Devalina Nag, Kristie M. Rogers, Christopher C. Rosen, Katina B. Sawyer, Kristen M. Shockley, Lauren S. Simon and Kate P. Zipay
Organizational researchers studying well-being – as well as organizations themselves – often place much of the burden on employees to manage and preserve their own well-being…
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Organizational researchers studying well-being – as well as organizations themselves – often place much of the burden on employees to manage and preserve their own well-being. Missing from this discussion is how – from a human resources management (HRM) perspective – organizations and managers can directly and positively shape the well-being of their employees. The authors use this review to paint a picture of what organizations could be like if they valued people holistically and embraced the full experience of employees’ lives to promote well-being at work. In so doing, the authors tackle five challenges that managers may have to help their employees navigate, but to date have received more limited empirical and theoretical attention from an HRM perspective: (1) recovery at work; (2) women’s health; (3) concealable stigmas; (4) caregiving; and (5) coping with socio-environmental jolts. In each section, the authors highlight how past research has treated managerial or organizational support on these topics, and pave the way for where research needs to advance from an HRM perspective. The authors conclude with ideas for tackling these issues methodologically and analytically, highlighting ways to recruit and support more vulnerable samples that are encapsulated within these topics, as well as analytic approaches to study employee experiences more holistically. In sum, this review represents a call for organizations to now – more than ever – build thriving organizations.
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Whistleblowers have been credited for uncovering financial scandals in companies globally, including Enron, Olympus Corporation, and WorldCom. Despite increasing support and…
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Whistleblowers have been credited for uncovering financial scandals in companies globally, including Enron, Olympus Corporation, and WorldCom. Despite increasing support and incentives for whistleblowing, there generally remains reluctance to blow the whistle. Thus, the purpose of this study is to review: (1) the determinants of internal and external whistleblowing on accounting-related misconduct, (2) U.S. whistleblowing legislation on accounting-related misconduct and related research, and (3) the effects of whistleblowing on firms and whistleblowers. Within each area, suggestions for future research are offered.