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The Independent Party of Color. El Partido Independiente de Color 有色人种独立党。颜色独立党
Pub Date : 2020-12-31 DOI: 10.1515/9780822384915-035
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引用次数: 0
Pope John Paul II Speaks in Cuba 教皇约翰·保罗二世在古巴发表讲话
Pub Date : 2020-12-31 DOI: 10.1515/9780822384915-118
John Paul ii
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引用次数: 0
Short Stories 短篇小说
Pub Date : 2020-12-31 DOI: 10.1515/9781478004561-123
Laidi Fernández de Juan
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引用次数: 4
The U.S. Government Responds to Revolution. Foreign Relations of the United States 美国政府对革命的反应。美国对外关系
Pub Date : 2020-12-31 DOI: 10.1515/9780822384915-101
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引用次数: 0
The Explosion of the Maine 缅因河大爆炸
Pub Date : 2020-12-31 DOI: 10.1215/9781478004561-030
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引用次数: 0
The Virgin of Charity of Cobre, Cuba’s Patron Saint 古巴的守护神,科布雷的仁爱圣母
Pub Date : 2020-12-31 DOI: 10.1515/9781478004561-088
Olga Portuondo Zúñiga
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引用次数: 0
A Theory of Reguetón Reguetón的理论
Pub Date : 2020-12-31 DOI: 10.1215/9781478004561-131
I. Nuez, Aviva Chomsky, A. Prieto
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引用次数: 0
Forty Years Later 四十年后
Pub Date : 2020-12-31 DOI: 10.1515/9781478004561-114
S. Paz
In this article, Professor Krawiec evaluates the relationship between derivatives hedging and shareholder wealth through an analysis of both the legal and financial academic literature. She contends that legal commentators who argue that corporate derivatives use requires a broad rethinking of traditional corporate law norms are mistaken. She further contends that if adopted by future courts judging management decisions regarding corporate hedging, such arguments raise a severe danger of undermining the business judgment rule as applied to management hedging decisions. She notes that much of the legal evaluation of derivatives hedging has focused on pure financial benefit to the corporate entity, without considering the costs and benefits to shareholders. Professor Krawiec attempts to remedy that weakness by identifying the various benefits that may accrue to shareholders from firm-level risk reduction through derivatives hedging. She suggests profiles of companies most likely to generate shareholder benefits through derivatives hedging. She then analyzes the empirical evidence of actual firm hedging practices to determine whether this behavior fits the company profiles previously developed. Professor Krawiec discusses the implications of her analysis for corporate decisionmaking and for legal policy. She concludes that firm-level risk reduction through derivatives hedging is a business decision, often benefitting shareholders, that should be protected by the business judgment rule as is any other disinterested, well-informed, investment or operating decision made in good faith by corporate management.
在本文中,Krawiec教授通过对法律和金融学术文献的分析,评估了衍生品对冲与股东财富之间的关系。她认为,那些认为企业衍生品的使用需要对传统公司法规范进行广泛反思的法律评论人士是错误的。她进一步认为,如果将来法院在判断有关公司套期保值的管理决策时采用这种论点,就会产生严重的危险,破坏适用于管理套期保值决策的商业判断规则。她指出,对衍生品对冲的法律评估,在很大程度上只关注企业实体的财务利益,而没有考虑股东的成本和利益。克拉维茨教授试图弥补这一弱点,他指出了通过衍生品对冲降低公司层面风险可能给股东带来的各种好处。她推荐了最有可能通过衍生品对冲为股东带来利益的公司概况。然后,她分析了实际公司对冲实践的经验证据,以确定这种行为是否符合之前开发的公司概况。Krawiec教授讨论了她的分析对公司决策和法律政策的影响。她的结论是,通过衍生品对冲来降低公司层面的风险是一项商业决策,通常会使股东受益,应该受到商业判断规则的保护,就像公司管理层善意做出的任何其他公正、知情的投资或经营决策一样。
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引用次数: 0
Spain in Cuba 西班牙在古巴
Pub Date : 2020-12-31 DOI: 10.1515/9781478004561-035
Manuel Moreno Fraginals
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引用次数: 0
Abakuá 阿巴库亚
Pub Date : 2020-12-31 DOI: 10.1515/9781478004561-043
Rafael López Valdés
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引用次数: 0
期刊
The Cuba Reader
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