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Question
More than goods and services are moving across borders: as technology enables ideas and lifestyles to be observed by a variety of people around, cultures are undergoing modification, Hofstedes dimensions of culture were based on surveys of IBM employees from 1968-1972. Much has changed in the past forty years. Nevertheless, his dimensions do provide a starting point for better understanding and relating to people from around the world. Give some examples of people you have known who have come to this country from a somewhat different culture. To what extent have they retained their cultural identity versus undergone cultural change? Have these changes created any problems for them?
Answer
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Related questions
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In order to tap into a larger pool of capital, Firm A _______ its shares on the stock exchanges in two foreign countries.
a. Cross-lists.
b. Tunnels.
c. Diffuses.
d.
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Which are NOTamong the aspects of globalization?
a. Contact with different governance norms.
b. FPI investors demand more protection.
c. The focus on governance has been replaced by a focus on shareholder value.
d. The global diffusion of best practices.
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a. Formal institutional framework.
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c. Impact of informal norms and values.
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In light of industry-based considerations, governances practices need to:
a. Follow universal best practices.
b. Increase the number of outside directors for firms in high-growth turbulent industries.
c. Create a fit with the nature of the firms industry.
d. Move toward CEO duality in slow-growth stable industries.
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Which of the following is true of AngloAmerican corporate governance systems but not true of GermanJapanese systems?
a. It is bank-oriented and network-based.
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Q:
In recent years, CEO duality has:
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Q:
In regard to family ownership, all of the following are true EXCEPT:
a. Most small firms in the world are owned and controlled by families.
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Q:
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c. Tough environmental regulation leads to higher costs and reduced competitiveness.
d. Stringent environmental regulation will motivate firms to innovate.
Q:
The CSR debate centers on the question:
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b. Why is resource management important?
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a. Global sustainability.
b. Shareholder wealth maximization.
c. Rising levels of population.
d. Inequity.
Q:
Although framed in a domestic versus overseas context, the heart of this debate boils down to the foundational thorny point that frustrates CSR advocates: In a capitalist society, the shareholdersotherwise known as capitalistsare the ones who matter at the end of the day.
a. True
b. False
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Choose one of the aspects of the comprehensive model of corporate governanceindustry-based, resource-based, or institution-based considerationsand how those factors influence the overall model.
Q:
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a. Have a responsibility to the owners.
b. Avoid opportunistic and self-serving activities.
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Q:
An often-mentioned drawback of state owned enterprises is:
a. An ability to avoid bankruptcy and job loss.
b. Frequent conflict between ownership and management.
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d. All of the above.
Q:
Outside of the Anglo-American world, most large firms:
a. Have a widely held ownership.
b. Insist on significant separation between ownership and control.
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d. None of the above.
Q:
Ownership will likely be diffused for:
a. A start-up firm.
b. Family-owned firms.
c. State-owned firms.
d. about three-quarters of U.S.-listed firms.
Q:
Recently, stewardship theory suggests that by and large managers can be viewed as stewards of owners interests.
a. True
b. False
Q:
The ability to successfully list a foreign firm on a high-profile exchange such as NYSE leads to a higher valuation for that firm as opposed to domestic firms.
a. True
b. False
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FPI investors demand less protection.
a. True
b. False
Q:
Because of the market for corporate control, the long-term profitability of postmerger firms is impressively high.
a. True
b. False
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Outside directors of a board are not always independent.
a. True
b. False
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Evidence indicates that family ownership plays a positive role in the performance of large firms.
a. True
b. False
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SOEs are an excellent way for firms to solve their incentive problems.
a. True
b. False
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a. True
b. False
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a. True
b. False
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Global sustainability is the number one goal of a firm.
a. True
b. False
Q:
What is the race to the bottom discussed in the text? Give an example that shows it is a real phenomenon, and another example that refutes MNEs contribution to the problem.
Q:
The participation of which of the following groups is essential in an accommodative strategy?
a. NGOs.
b. Managers.
c. Consumers.
d. Suppliers.
Q:
Global R&D has pros and cons for the firm that uses that approach. However, suppose you are the leader of the country where that firm is based. How might you view having R&D being conducted by a global team in a matter that is vital to the nations economic health/and or security?