Word: firmsã
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Williamson was recognized for his work arguing that hierarchical organizations such as firms??in addition to markets—can serve as governance structures, allowing them to resolve conflicts in an alternative manner...
During the current recession corporate law firms??like a majority of other industries—have pared down their operations after transactional assignments in investment banking and trading evaporated in the heat of the downturn...
...University did slash work hours for over 100 of its own janitors in July, and numerous janitors it employs through outside firms??a group not addressed by Galvin’s statement—have been laid off in recent months as a result of reduced custodial budgets...
...Legislation that will allow the Treasury to use $700 billion to help institutions in distress is also potent proof of the crisis’ gravity. Betting on the decline of selected financial firms?? stocks, known in finance as “short-selling,” is now banned in the United States and Britain. According to South China Morning Post, Chinese banks were recently told to suspend lending to U.S. financial institutions. The weak dollar caused import prices to surge by 20 percent from last year, which should have helped local enterprises; it has provided an advantage...
...said. The Fed and the Treasury forced the changes on both firms as a consequence of providing them with assistance, he said, adding that regulations on the banks will be stronger and the capital requirements will increase significantly. “We will see the firms?? cultures change, and their returns will go down as a result,” he said. One student asked the panel which industries would benefit from, or at least not be harmed by, the financial crisis. “Besides the market for HBS professors?” quipped Dean Light...