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Competing in a global context (Financial Regulation (Financial Evolution…
Competing in a global context
Financial Flows
Trade Pricing
Transfer pricing
transfer mispricing
Arms length principle
country-by-country
Unitary taxation
Exchange rates
Fluctuations
import/export
Foreign Exchange markets
Supply and demand
McBurger Index
Government intervention
Free markets - will reach equilibrium when
supply meets demand
FDI's
Financial Regulation
IFRS
Accounting Practices
Different jurisdiction, Different rules
Investors and financial flows
Financial Evolution
Stewardship
Capital market function of financial reporting from the industrial revolution
Borrowing from other counteies
Savary Ordonnance in France 1673
Imperialisation
The contingent model
Equilibrium>Scandals>remedy>New regs>Equilibrium>Unintended consequence
IASB
Framework to set of the qualities need to be adhered when making rules
Globalization
Ethics
Privacy
Consumer rights and protection
Segregation, Lower incomes vs Higher incomes
Do companies act Locally or international
Are they Fair?? Do they pay their dues to society??
Monetary/taxes
Environmentally
Benefitting society?
Convergence, divergence and crossvergence principles
Global Trade Environment - WTO
5 forces of Competition
Direct competitors
Potential entrants
buyers
subsitutes
suppliers
Glocalisation
'Conducting business according to both local and global considerations'
Effects of local conditions on global pressures
Changing a global concept, to local culture
Starbucks - bringing their global brand of Cafe's to India, but adding Indian décor, foods and culture to the store.