The Financial Impact of Illegal Corporate Behaviour - Free Essay Example

Sample details Pages: 4 Words: 1293 Downloads: 1 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? The Financial Impact of Illegal Corporate Behaviour Summary Summary: The illegal corporate behaviour at company-level or at the corporate agent level has direct or indirect financial impact. The direct impact effects on the firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s profits or intrinsic value and the indirect impact is on the shareholders trust. It is the unlawful activities that consist of insider trading, corruption, tax fraud, price fixing, bid rigging, accounting fraud and theft or employee enrichment, involving members or agents or employees or managers of a firm. It has short-term and long-term consequences of corporate illegality. The corporate offenders have misguided the process of consequences of wrongdoing by providing unreliable data which results in civil fines. Forcing employees of a firm to work overtime without pay is also an illegal misdeed. The punishment for this corporate illegality cost high to higher on long-term. The researchers have also analyzed firm performance and subsequent illegality compared to other firms. They also focussed on causes of corporate illegality to find out what happens after a firm engages in and is convicted of illegal acts. The convicted firms generate lower accounting return after a conviction which results in lower revenues or higher costs and ità ¢Ã¢â€š ¬Ã¢â€ž ¢s reduce sales growth indicates that customers may react more slowly to wrongdoing than other stakeholders. To overcome from this situation, managers employ defensive tactics to overstate revenues, strive to avoid the label of corporate wrongdoer and worry about damage to a firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s reputation. The managers also recognize the costs of wrongdoing and the likely negative impact on performance if illegality is detected and punished in short-term consequences. But, in the long-term consequences, as the firms suffer prolonged damage from illegality, managers mount defensive efforts to mitigate short-term effects of wrongdoing by incurring direct costs of sanctions like fines and punitive damages and protracted legal costs fro m litigation and appeals. However, the researchers have examined that longer-term consequences of illegality may vary with the seriousness of wrongdoing as because the serious violations have heavy fines and other penalties and also damage to a firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s reputation as well as have much negative publicity. It is also revealed that multiple convictions relate negatively to firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s longer-term financial performance than that of unconvicted firms or single-conviction firms and the unconvicted firms have higher sales growth and high income from a given level of sales than that of convicted firms. Questions And Answers Don’t waste time! Our writers will create an original "The Financial Impact of Illegal Corporate Behaviour" essay for you Create order a) What financial impact does illegal corporate behavior have on a company? The illegal corporate behaviors have two types of financial impact on a company à ¢Ã¢â€š ¬Ã¢â‚¬Å" direct and indirect. The direct impact effects on the firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s profits or intrinsic value and the indirect impact is on the shareholders trust. Effected by illegal corporate behaviour, the convicted firms generate lower accounting return after a conviction which results in lower revenues or higher costs and ità ¢Ã¢â€š ¬Ã¢â€ž ¢s reduce sales growth indicates that customers may react more slowly to wrongdoing than other stakeholders. If illegality is detected in short-term consequences, then the company is penalised with the costs of wrongdoing and it shows the negative impact on performance. But, in the long-term consequences, as the firms suffer prolonged damage from illegality, managers mount defensive efforts to mitigate short-term effects of wrongdoing by incurring direct costs of sanctions like fines and punitive damages and protracted legal costs from litigatio n and appeals. The researchers have examined that longer-term consequences of illegality may vary with the seriousness of wrongdoing as because the serious violations have heavy fines and other penalties and also damage to a firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s reputation as well as have much negative publicity. It is also revealed that multiple convictions relate negatively to firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s longer-term financial performance than that of unconvicted firms or single-conviction firms and the unconvicted firms have higher sales growth and high income from a given level of sales than that of convicted firms. The illegal corporate behaviour also leads to the unlawful activities that consist of insider trading, corruption, tax fraud, price fixing, bid rigging, accounting fraud and theft or employee enrichment, involving members or agents or employees or managers of a firm. It has short-term and long-term consequences of corporate illegality. The corporate offenders have misguided the proc ess of consequences of wrongdoing by providing unreliable data which results in civil fines. The punishment for this corporate illegality cost high to higher on long-term. b) How long does a company feel the impact of illegal behavior? The company feel the impact of illegal behavior in short-term and long-term consequences. The punishment for the illegal corporate behaviour cost high to higher on long-term consequences. If illegality is detected in short-term consequences, then the company is penalised with the costs of wrongdoing and it shows the negative impact on performance. But, in the long-term consequences, as the firms suffer prolonged damage from illegality, managers mount defensive efforts to mitigate short-term effects of wrongdoing by incurring direct costs of sanctions like fines and punitive damages and protracted legal costs from litigation and appeals. The researchers have examined that longer-term consequences of illegality may vary with the seriousness of wrongdoing as because the serious violations have heavy fines and other penalties and also damage to a firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s reputation as well as have much negative publicity. c) How does the market react to corporate illegal behavior? The corporate illegal behaviour results in civil fines as the convicted firms have provided unreliable data during the process of consequences of wrongdoing. The punishment for this corporate illegality cost high to higher on long-term. The researchers have also analyzed firm performance and subsequent illegality compared to other firms. They also focussed on causes of corporate illegality to find out what happens after a firm engages in and is convicted of illegal acts. The convicted firms generate lower accounting return after a conviction which results in lower revenues or higher costs and ità ¢Ã¢â€š ¬Ã¢â€ž ¢s reduce sales growth indicates that customers may react more slowly to wrongdoing than other stakeholders. To overcome from this situation, managers employ defensive tactics to overstate revenues, strive to avoid the label of corporate wrongdoer and worry about damage to a firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s reputation. The managers also recognize the costs of wrongdoing and the li kely negative impact on performance if illegality is detected and punished in short-term consequences. But, in the long-term consequences, as the firms suffer prolonged damage from illegality, managers mount defensive efforts to mitigate short-term effects of wrongdoing by incurring direct costs of sanctions like fines and punitive damages and protracted legal costs from litigation and appeals. d) What are the financial costs of violating the behavior? The financial costs of violating the behaviour are depend on whether the firms are engaged in single conviction or on multiple conviction. The multiple convictions relate negatively to firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s longer-term financial performance than that of unconvicted firms or single-conviction firms and the unconvicted firms have higher sales growth and high income from a given level of sales than that of convicted firms. The financial costs also depend on short-term and long-term consequences. The punishment for the illegal corporate behaviour cost high to higher on long-term consequences. If illegality is detected in short-term consequences, then the company is penalised with the costs of wrongdoing and it shows the negative impact on performance. But, in the long-term consequences, as the firms suffer prolonged damage from illegality, managers mount defensive efforts to mitigate short-term effects of wrongdoing by incurring direct costs of sanctions like fines and punitive damag es and protracted legal costs from litigation and appeals. The researchers have examined that longer-term consequences of illegality may vary with the seriousness of wrongdoing as because the serious violations have heavy fines and other penalties and also damage to a firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s reputation as well as have much negative publicity.

Whats Going Wrong in Public School - 1743 Words

What is going wrong with schools? There is a lot wrong with schools, and easier question these days is, Whats right with schools? Sadly the list would be shorter. The public school system in America today is sadly lacking, not just in the field of academic achievement. Children are, in effect, risking their lives by attending school. Critical attacks from disturbed students are spreading like a plague. Every year, there is increase in the number of students who give up education after high school and start working in minimum wage jobs/unskilled jobs. Stereotypes between smart and dumb students and racism are the biggest issues student faces in school education system. The public education system always gives priority to students who†¦show more content†¦The education gap in the U.S. between different races is growing wider and wider, and equal education opportunity is being undermined. 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Sir Gawain Chivalry Essay Example For Students

Sir Gawain Chivalry Essay Chivalry is usually known as a moral system or an honor code. It originated inthe 12th century when kings ruled the country, as a code to make peace. Nowthere is no king or queen monarchy, now theres that wonderful thing that wecall the Government. If you were to ask me if chivalry existed today Id haveto say that there are some examples, but there sure arent as many as thereused to be. Back in the time when King Arthur ruled a lot of the people wereloyal to their king and their country. Now our wonderful crime, racism, and hateconquer all systems. Some ways that you might be able to say that chivalry stillis around is perhaps clubs, such as, basketball teams or baseball teams. Theteams as well as the fans have great loyalty to their team. The fans will waitoutside for days to get tickets for the big game. People pay to see fights onPay-Per-View. And if you ever go to a Hawks game Ill guarantee you that theirfans will tell off anyone that is saying anything bad about their belovedtea m! Another way that you could find chivalry today would be all the Unions. Chicago Unions have plenty of hard working men and women in all sorts of trades. They are very loyal and proud (most of them!) of their work that they have done. Then you get the people that just want their paycheck. Those are the types thatreally dont show much loyalty or contribute much to their job. Some ways thatyou could say that there is not really chivalry in todays society is theslowly disintegrating church. Not nearly as many people are becoming involved inthe church now as in earlier centuries. If you look at the data there is a bigdecrease in Ministers, Priests, Nuns, and Deacons. I know this because my Dad isbecoming ordained to be a Deacon in about a year. After he is done doing all ofthe steps, he will become a deacon in the Catholic Church. I think that somepeople dont care, but also I think that they just have too many things to do,and are too busy for the church. In my overall view of chivalry I would say thatit depends how you define chivalry to say if it exists anymore. There are a lotof pros and a lot of cons, but it all depends on the persons beliefs. I thinkthat chivalry exists today, but its mostly up to the reader to d efine it asright or wrong. There is no right or wrong answer, its your opinion. European History