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' -- Professor Ruth Plato-Shinar, Journal of International Banking Law and Regulation, 2021Macroprudential policy focuses on the financial system as a whole, as distinct from individual institutions, and its objective is to limit the costs to the real economy from system-wide distress of the financial sector. This book offers a critical, contextual and comparative examination of the nature of macroprudential policy as an emerging legal domain. It explores why macroprudential policy is necessary and how best to design tailored legal, institutional and governance frameworks that support the various supervisory stages in macroprudential regimes. 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The authors illustrate how controllers can run a control process in which intended strategies, performance measures, performance targets, actions and budgets are all aligned with each other across all organisational levels (vertical alignment) and between business units and functions (horizontal alignment), and in which financial performance is controlled in relation to strategic performance.The authors promote a holistic approach and highlight the role of human motivation in the design of management control systems. Using insights from the psychology literature on motivation in the workplace, this book argues that management control systems should not only align goals and interests of internal organisational actors but also enhance their autonomous motivation and well-being in order to achieve sustainable performance. More specifically, the authors draw on self-determination theory to explain managerial behaviour in response to the use of control systems. Through the use of numerous examples from European companies, this book provides the reader with a range of familiar issues and a wide variety of ideas and methods to use in response.The book provides materials that can be used in business and management control courses at undergraduate and graduate level, as well as for use in the workplace, benefiting managers, consultants, financial analysts, controllers, information systems designers and executive leaders of organizations. 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Therefore, the authors have structured this book in a way that enables non-specialists to grasp all relevant financial information using tools that allow efficient financial analyses.For the non-financial experts the book starts by presenting the essentials of financial analysis and business valuation in a structured way. However, this book is not only written for non-financial specialists as also more experienced readers may find new perspectives for conducting financial analyses. Professionals who work with relatively \u2018static\u2019 financial data concerning solvability and debt will welcome the more dynamic financial toolset incorporated in this book. This toolset will enable them to get to the heart of the (financial) matter faster by focusing on relevant data. By making the relevant financial analyses this book gives the reader a better insight in the company\u2019s value. Not just by explaining theory, but by also showing how you can use the output of the financial analyses to challenge the forecasted data that will determine the price you get or have to pay.Guy Parmentier is a Belgian certified public accountant. He runs a renowned valuation practice and is executive professor at the University of Antwerp Management School and lecturer at the Karel de Grote Hogeschool (College of Higher Education), Antwerp. Bart Cuypers is a financial analyst in an international banking group with vast valuation expertise.Digital version available on :Strada lex BelgiumYou have a subscription? Activate the digital version for free with the code in the book.","image":"https:\/\/www.larcier-intersentia.com\/media\/catalog\/product\/cache\/22f2d31ba3d2e37ca5e8fd98880e4ce6\/C\/O\/CONF-9781780684482_1.png","offers":{"@type":"http:\/\/schema.org\/Offer","price":90.0046,"url":"https:\/\/www.larcier-intersentia.com\/en\/business-valuation-third-edition-9781780684482.html","priceCurrency":"EUR","availability":"http:\/\/schema.org\/InStock"}},{"@type":"Product","name":"The effect of D&O insurance on managerial risk taking","description":"Risk taking in business contributes towards innovation. Yet excessive risk taking is associated with corporate failure. Many authors have analysed the relationship between personal liability rules of managers and excessive risk taking. In this context, previous researchers have often argued that insurance against personal liability of the manager (D&O insurance) would weaken the manager\u2019s incentive to take care. However, little is known about the workings and effects of D&O insurance. This book analyses how D&O insurance should work ideally and how it currently works in the USA, the UK, the Netherlands and Germany. It illustrates how D&O insurance threatens \u2013 but also benefits \u2013 society and the economy. In fact, a properly functioning D&O insurance system can more elegantly incentivize adequate risk taking than for example, direct regulation of managerial activity (e.g. disqualification) or the adoption of harsher liability rules. 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Since public law was unable to avoid the 2007 crisis, there can only be one conclusion: its instruments did not work properly or, worse, were badly designed or applied.Since 2007, a lot has been done from a financial, tax or criminal law point of view, confirming this finding. Regulation has thus been at the centre of the financial and legal debate, but a real understanding of the lessons of the crisis also requires account to be taken of private law. Is there a possible connection between private law and the outbreak of a financial and economic crisis? And did private law institutions, mechanisms or instruments in their current design contribute to the crisis? Does private law provide institutions, mechanisms and\/or instruments which might have prevented the genesis of a financial or economic crisis? If so, why did these institutions, mechanisms and instruments fail to do so? And is there a need for new or modified instruments to improve the impact of private law on events that may lead to a new crisis?This thought-provoking book makes it clear that private law and the possibility of a financial and economic crisis are strongly intertwined. It shows that private law provides as many useful institutions, mechanisms and instruments against the emergence of such a crisis as public law does. 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Policy makers, practitioners and academics alike can draw relevant insights from the application of behavioural economics to policy. By focusing upon the issue of standardised consumer contract terms, this research exemplifies how behavioural insights can improve consumer policy. The common core in European legal systems regarding standard terms consumer policies is reviewed, which leads to the conclusion that policy makers should look beyond information disclosure and consumer vigilance. This shift in policy focus constitutes insight that would not have resulted but for the application of behavioural insights to the issue of standard terms in consumer contracts.","image":"https:\/\/www.larcier-intersentia.com\/media\/catalog\/product\/cache\/22f2d31ba3d2e37ca5e8fd98880e4ce6\/C\/O\/CONF-9789400000865_1.png","offers":{"@type":"http:\/\/schema.org\/Offer","price":91.9974,"url":"https:\/\/www.larcier-intersentia.com\/en\/behavioural-economics-consumer-policy-9789400000865.html","priceCurrency":"EUR","availability":"http:\/\/schema.org\/InStock"}}]}}</script></head> <body data-container="body" data-mage-init='{"loaderAjax": {}, "loader": { "icon": "https://www.larcier-intersentia.com/static/version123459/frontend/Sinweb/default/en_US/images/loader-2.gif"}}' id="html-body" class="page-with-filter page-products categorypath-catalog-higher-education-education-business category-education-business catalog-category-view page-layout-2columns-left"> <script 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This book is the ideal introduction for all who want to become familiar with Power BI. No prior knowledge needed!* Learn how to present Big Data en KPI’s attractively and flexibly.* Use the online files to complete the exercises.* Genuine cases illustrate how PowerBI works in the real world.****Invitation webinar Business Intelligence met/with Power BI (19 April 2023 - 7PM-8PM). Register free: https://attendee.gotowebinar.com/register/4667309641061479510**** </div> </div> <div class="product state product-item-state"> <div class="price-box price-final_price" data-role="priceBox" data-product-id="21742" data-price-box="product-id-21742"> <span class="normal-price"> <span class="price-container price-final_price tax weee" > <span id="product-price-21742" data-price-amount="53.996401" data-price-type="finalPrice" class="price-wrapper " > <span class="price">€54.00</span> </span> </span> </span> <span class="included-tax">incl. 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