Got a tricky question? Receive an answer from students like you! Try us!

see attached file - Essay Example

Only on StudentShare
Undergraduate
Essay
Finance & Accounting
Pages 4 (1004 words)

Summary

Privatisation First Name / Last Name School Affiliation Course Professor Privatisation Privatisation involves the transfer of ownership and the management of state owned enterprises to private firms. Governments should be less corrupted so as to increase the efficiency of state owned corporations and the public sector, promoting national security…

Extract of sample
see attached file

However, due to limited budgets, governments have been unable to develop all part of the economy equally. Further problems like inadequate use of knowledge, experience and specialization in the management of the various sectors occur and citizens may not receive goods and services from the public enterprises effectively. Lack of competition in the public sector contributes a great deal in the inefficiencies, corruption and lack of motivation in public enterprises (Khan et al., 2012). The main reason governments have opted for privatization is the belief that private firms can make a more efficient and effective use of available resources than governments and at the same time profit the government from the higher revenues privatisation creates. It is also believed that privatisation may result to increased efficiency productivity and liquidity in the financial markets but on the other hand, lead to unemployment and dependency on foreign capital from multinational companies hence decline in a nation’s wealth and social welfare (Han, 2012). Full privatisation may have occurred especially in the services sector but it is generally not ideal for governments to conduct a full privatisation. ...
Download paper
Not exactly what you need?

Related Essays

see the attachment
More aggressive competitive pressures, coupled with drastic changes in the external environment have tested global organizations’ existence in the last few decades. DHL Company has sustained diverse challenges and remained successful through time. It is the objective of this essay to proffer a strategy assessment of DHL Company, as a global organization, with the specific aims of addressing the following concerns: (1) an identification of the organization’s companywide strategy; (2) a determination of the specific aspect of the strategy being focused on; (3) the competitive advantages of…
12 pages (3012 words)
see the description box
It was a kind of revenge. Nevertheless, he was able to hit the shopper and not his ex-girlfriend. Knowing that it was a street, a public area, Charlie could have exercised an extra care in throwing the stone. Presumably, he was drunk so he was not able to consider the required duty of care. He was intoxicated. To note, the shopper was blinded in one eye. The question now would focus on his criminal liability if any in the instant scenario. Charlie could actually make any of the following as his defence against the shopper: (1) he did not intend to hit the shopper- it was unintentional; (2) he…
10 pages (2510 words)
Multinational Corporations
The fluctuations in the forex may result in great losses. In order to get protection from such losses, there are helpful tools like futures contracts which reduce the credit risk greatly. Forward contracts are also very helpful if a party is looking for hedging. A party can also make currency option contracts to protect itself from fluctuating rates. A country has the option to adopt an exchange rate system of its choice. It looks to adopt the system that works best in achieving current account equilibrium. Exchange rates also influence inflation and interest rates of a country which is why…
5 pages (1255 words)
International loans/ lending : Please see Other instruction
It also explains the consequences that the involvement of international banking in the development of developing countries has caused. To support all this, the expansion and transformation of international activities in the developing countries have been outlined and explained in the paper as well. Contents Introduction 4 Discussion 5 The Expansion and Transformation of International Banking Activity in Developing Countries 5 Economic Benefits of International Banking 8 Presence of International Banks has led to Improved Access to better Financial Services 8 Presence of International Banks…
12 pages (3012 words)
see attached
1- Management integrity: Management integrity, or the ethical nature of personnel of authority, designs the overall tone for the company. Management integrity is communicated with all the employees through the handbooks and procedural manuals of employees. 2- Competent personnel: A company’s capability to recruit and retain proficient employees shows management’s intention to appropriately recording of accounting transactions. Additionally, the retention of workers raises the comparability of financial records from time to time. 3- Segregation of duties: The University of California at Los…
3 pages (753 words)
attached
The financial reporting disclosure requirements and norms needs to respond according to the changes like breaking down of items in the report to providing more detailed disclosures of the items like disclosure of assumptions, sources of estimation, models used, alternative measurement bases etc. Hence in today’s world disclosures in the annual report have become the balancing item to provide a credible report. The auditors need to disclose the accounting policies used while preparing the report to enable the user of the report to understand the report comprehensively. Majority of these…
5 pages (1255 words)