The most important target of the financial management is to develop the values of the foundation and develop the wealth of shareholders （wealth of the owners）, which is the primary target of the qualified and succes...The most important target of the financial management is to develop the values of the foundation and develop the wealth of shareholders （wealth of the owners）, which is the primary target of the qualified and successful financial management. This target, developing the value of the foundation, depends on the total profit that could be achieved by the company and counting the profit per share, but undoubtedly, the financial management should consider the other targets such as social responsibility and exchange between risk and revenue and others. This research, with its both theoretical and practical aspects, aims at illuminating the value of some foundations in Saudi Arabia, which are already registered in the stock market, by comparing the value of each foundation using two models namely the model of Modigliani-Miller （M＆M） and the model of Gordon. In spite of the difficulties found in the usage of both models, especially Gordon＇s model, we will use both of them to explain the aspects of imperfection in each model. This research will depend on a sample of Sandi industrial companies by getting financial data of these companies over a past decade and the usage of these data, in other words, to measure the value of Saudi companies against the market.展开更多
Cambodia is a country where wetlands cover 30% of the country＇s total area. The Tonle Sap Lake is an important wetland area of Cambodia and Southeast Asia. However, wetland is under threats from infrastructure develo...Cambodia is a country where wetlands cover 30% of the country＇s total area. The Tonle Sap Lake is an important wetland area of Cambodia and Southeast Asia. However, wetland is under threats from infrastructure development, land conversion, water withdrawals, pollution, increased population pressure and hydropower dams building and affect the livelihoods of rural communities. The governance of wetlands is a key action in sustaining the wetland services and the well-being of people. The ＂wise use＂ is a key concept of wetland governance. Although there is considerable research on the ＂wise use＂ and the application of this concept in wetland management, its application in Tonle Sap remains challenged. Hence, this article addresses the question： How wise use is operationalized for the governance of wetlands in Tonle Sap and what implication it has on the wellbeing of peoples and the ecosystem services？ It uses a literature review and a case study to analyze the wetland governance in Tonle Sap, Cambodia. The article describes the wetland governance based on ecosystem services, the direct and indirect driver affecting wetlands and how it threatens the livelihood security of wetland dependent communities. It concludes that the officially wise use of wetlands is a problematic in Tonle Sap.展开更多
文摘The most important target of the financial management is to develop the values of the foundation and develop the wealth of shareholders （wealth of the owners）, which is the primary target of the qualified and successful financial management. This target, developing the value of the foundation, depends on the total profit that could be achieved by the company and counting the profit per share, but undoubtedly, the financial management should consider the other targets such as social responsibility and exchange between risk and revenue and others. This research, with its both theoretical and practical aspects, aims at illuminating the value of some foundations in Saudi Arabia, which are already registered in the stock market, by comparing the value of each foundation using two models namely the model of Modigliani-Miller （M＆M） and the model of Gordon. In spite of the difficulties found in the usage of both models, especially Gordon＇s model, we will use both of them to explain the aspects of imperfection in each model. This research will depend on a sample of Sandi industrial companies by getting financial data of these companies over a past decade and the usage of these data, in other words, to measure the value of Saudi companies against the market.
文摘Cambodia is a country where wetlands cover 30% of the country＇s total area. The Tonle Sap Lake is an important wetland area of Cambodia and Southeast Asia. However, wetland is under threats from infrastructure development, land conversion, water withdrawals, pollution, increased population pressure and hydropower dams building and affect the livelihoods of rural communities. The governance of wetlands is a key action in sustaining the wetland services and the well-being of people. The ＂wise use＂ is a key concept of wetland governance. Although there is considerable research on the ＂wise use＂ and the application of this concept in wetland management, its application in Tonle Sap remains challenged. Hence, this article addresses the question： How wise use is operationalized for the governance of wetlands in Tonle Sap and what implication it has on the wellbeing of peoples and the ecosystem services？ It uses a literature review and a case study to analyze the wetland governance in Tonle Sap, Cambodia. The article describes the wetland governance based on ecosystem services, the direct and indirect driver affecting wetlands and how it threatens the livelihood security of wetland dependent communities. It concludes that the officially wise use of wetlands is a problematic in Tonle Sap.
