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Bjorn Fasterling 《Journal of Business Ethics》2009,88(1):21-34
The processes of economic integration induced by globalization have brought about a certain type of legal practice that challenges
the core values of legal ethics. Law firms seeking to represent the interests of internationally active corporate clients
must embrace and systematically apply concepts of strategic management and planning and install corporate business structures
to sustain competition for lucrative clients. These measures bear a high conflict potential with the core values of legal
ethics. However, we observe in parallel a global consolidation of these core values through an enhanced cooperation of national
professional bodies, the use of international codes, and comparative legal ethics teaching and research. Furthermore, state
regulation of the legal profession is concerned with preserving the core values of legal ethics to conserve the lawyer’s role
in upholding the rule of law. This article defends that legal ethics is adapting to the pressures exerted by “managerial”
approaches to legal practice without this altering core values that underlie legal ethics.
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Bjorn FasterlingEmail: |
42.
Bjorn Otto Elvenes 《工程经济学家》2013,58(3):249-250
The conventional approach to considering working capital cash flows in capital budgeting is to omit them or include some ad hoc figures at the initiation and termination of the project. The authors argue for an endogenous system of estimating relevant working capital cash flows on a periodic basis. Otherwise, the present value of working capital cash flows is biased against the project's acceptance. Examples of calculating working capital cash flows as related to changes in annual sales are presented for three time patterns of sales and contrasted to the conventional method. An empirical study of the linear relationship of net working capital and sales revenue of 770 companies is reported, and an alternative cash flow model is offered thai includes working capilal cash flows. 相似文献
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