Download 76 Ways to Increase Special Event Attendance by Scott C. Stevenson PDF

By Scott C. Stevenson

This custom source presents readers with a large collection of thoughts geared toward expanding attendance for distinct occasions. It encompasses a number of concepts to advertise occasions and methods for attracting the meant components.

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Extra info for 76 Ways to Increase Special Event Attendance

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1 Introduction This chapter will expand the literature as elaborated in Chap. 1 by reviewing texts in the area of corporate governance in a contingency perspective. As mentioned in Chap. 1, there are two main arguments in the literature of contingency approach of corporate governance employed in this study, which are: (1) there is a relationship between corporate governance and contingency factors (business environment and strategy), whereby the contingency factors would influence corporate governance; and (2) corporate governance has two roles, namely the performance role and financial control role as reflected in the earnings quality.

However, another theory also exists, which argues that some corporate governance mechanisms function as substitutions. Ward et al. (2009) argued that corporate governance should be viewed as a bundle, whereby each mechanism could be a substitute for another. They argued that when a firm is performing well, monitoring and incentive alignment mechanisms would operate as substitutes in ensuring effective governance. However, under poor performance, a greater proportion of monitoring mechanisms is needed when compared to incentive alignment.

Hence, it is argued that high concentration of ownership would cause a conflict of interest between large shareholders and minority shareholders, leading to poor financial performance. Thomsen, Pedersen, and Kvist (2006) had a similar argument by providing evidence in Continental European countries where minority shareholder protection is low. It was reported that high block-holder ownership is related to lower firm value and accounting profitability. , 2006). Ownership concentration is also argued to have a moderating effect on the relationship between director independence and performance (Setia-Atmaja, 2009).

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