Unemployment And Ill Health Correlation Health And Social Care Essay

Unemployment And Ill Health Correlation Health And Social Care Essay The study of unemployment and health are inter related, if people are unemployed then it would have an adverse effect on their health and similarly if a person unhealthy then he might loose on the best opportunities of life because he would not be able to work because of the ill-health. Thus, unemployment and health have been correlated from past studies. CONTEXTUALISATION There is a association between the unemployment level and level of increasing bad health among those people. The objective of this research paper is to explore any co-existence between unemployment and health in the country, to highlight those areas in Fife where problems lie and to add to the evidence and knowledge on this subject for those working within the unemployment and health sectors. The following sections of the research paper uses information held within the Public Health Dataset to examine the relationship between unemployment and health by looking at those areas which have the highest levels of unemployment and the highest incidence of premature mortality. The dataset contains a large amount of data from administrative sources, as well as information taken from surveys. I have been assigned as a public health official working in a local authority and I strongly feel that is a causal relationship between the level of unemployment and the level of ill health. I have started my research by finding out the national data wherein I have studied the relationship between the level of unemployment and ill-health of the people and then conducted the local survey to find out the trends of the correlation. UNEMPLOYMENT AND HEALTH A LITERATURE REVIEW SUMMARY The presence of abundance literature in context of the relation between unemployment and ill health signifies the fact that unemployment and ill health co-exist. The impact of unemployment is larger in case of on the health of the people and there has been records in the past as well. From the study the results were that there is a definite relation between mental health and unemployment, and this is what will be explained in the following literature review. Similarly there is also an established link between unemployment and mortality, but this link is stronger when the research focuses on population based data, suggesting that the prevalence of unemployment can safely be used as an indicator for increased risk of mortality at a population level. METHODOLOGY Literature Search A literature search was undertaken on by our team members using the search terms: redundancy wellbeing mortality/ death morbidity heart disease cancer mental health Stroke etc. The search terms were used both as keywords and subject headings as well and condensed as appropriate to ensure that the search was as sensitive as possible. The results were restricted to English language only and to reviews, systematic reviews and meta-analyses. For the literature review only those articles were given preferences which present a significant correlation between the unemployment and bad health of person or an individual. These are incorporated as proof in articles which are included in this research paper, so they were not specifically included here. Also those articles that gave importance to population based studies and individual records were also incorporated. Critical Appraisal/Quality of Evidence The articles that were selected for the purpose of study were to review the summary of the topic, and these did not follow a systematic review structure. There was only a single study that took into account a large group of people, but this study was also nostalgic and it again became challenging for this sections study. Only one breakdown was recovered from the search, and while this was a fine quality article, it recognizes the limitation of only being able to include articles which considered statistical information, which are not prevalent in the current literature, leading to a possible bias in the reported results. UNEMPLOYMENT The objective of the literature review was to study unemployment in terms of a varying age group that is 16 to 65 who were unwillingly out of work. The definition of unemployment varies from an individual to individual but usually the studies based on the survey data or retrospective record linkage studies define unemployment as a state wherein a person or an individual is willing to work but unreasonably is out of work because he is not getting a job and is not able get himself employed even though he possesses the required qualification for the job. In this kind of situations we relate unemployment to the mental ill health of the people. As they possess the qualifications and still they are not able to be employed therefore, this would adversely affect the health of an individual. The following section explains that how a person suffers mental illness when he is unemployed: MENTAL HEALTH Suicide and parasuicide There is a clear relation between unemployment and suicides and this have been proven by several studies and the causal link is that when people are unemployed they cannot earn and they have no source of income, thus they do not have purchasing power even for the food and shelter. This frustration kills them and internally they keep becoming weak and thus the end results into death. According to a study approximately 50% of this increase in risk of suicide could be attributable to unemployment; however some other readings suggests that there are more evidences for psychiatric illness preceding unemployment. The comparative risk of parasuicide that is an unsuccessful suicide attempts or deliberate self harm behaviour, are clearly linked to unemployment, relative risk of parasuicidal behaviour among those who had been unemployed for more than a year compared to employed persons. The same report also identified a vertical incline in virtual risk with duration of unemployment, although poor mental health in addition decreases the opportunity for re-employment, which might explain this trend. The same relation between unemployment and suicide or parasuicide, can also be studied and proved the various levels of social support, geography, gender, age and type of employment and these seem to be confounders. Also the influence of unemployment on suicide and parasuicide is arbitrated by poverty and financial anxiety and that dishonour and social segregation also have a key role in the contribution to poor psychological health. Other mental health conditions While studying for the literature review we came across several evidences which shows a strong alliance between unemployment and increased psychological and psychiatric morbidity that is depressed because of unemployment. If the people who are unemployed live in the area where the rate of unemployment is high or comparatively larger than other place, then the unemployed individuals find themselves in a state of emotional imbalance. This report also emphasizes on the levels of depression, anxiety and somatisation regressed with re-employment or formal retirement. The unemployed people start disrupting their community and social relationships, because of their inferiority of not being employed thus there are greater risk behaviours, stress and bereavement reactions were mechanisms through which unemployment may exert a detrimental effect on health. GENDER, AGE AND OTHER ISSUES This section presents a deficiency of literature on black and minority ethnic groups and that gender is under-reported, there are several studies which emphasizes on male unemployment. While studying about the male unemployment we came across the impact of unemployed spouses, and wives were seen to feel the health effects of the unemployment of their partners through an increased risk of cancer, suicide and ischemic heart disease, suggesting that this link could be related socio-economic status rather than directly to unemployment. In case of the study done separately for the two genders the results stated that unemployment level affects more of the male section than the female gender. Age issues are also considered one of the reasons for bad health specifically at the effect of unemployment in young people, where suicide (particularly amongst young men) is a crucial issue. INFERENCE TO THE LITERATURE REVIEW: There is an established relation between unemployment and ill health. The falling level of health in context of mental wellness, are significantly related to the unemployment. Also as explained above there is a related link between unemployment and mortality rate, since the people are not mentally fit when they are unemployed, the frustration ultimately leads to death. Although the data and research proved that the affects of unemployment is higher on males and not females. Females only feel depressed when their spouse are not in a condition of facing the situation. DATA FROM THE STUDY OF RELATION BETWEEN UNEMPLOYMENT AND ILL-HEALTH (NATIONAL LEVEL) In June 2009, approximately 45 million (8.3%) people in the country were unemployed, and the figures were rapidly increasing due to the severe economic recession. In the underdeveloped countries, the rate of unemployment estimated to be very high as much as 80 to 90%. Ill health is widespread amid the unemployed, and the underlying relationship may be bidirectional. Bad health may be a cause of unemployment and thus losing employment opportunities, while, vice versa, being unemployed may have an adverse effect on ones health. Several health problems such as stress symptoms, mental disorders, hypertension, and coronary heart disease Are associated with unemployment. Many socio-demographic factors such as gender, age, edification, alcohol intake, stoutness, and other adverse life-styles modify the relationship between unemployment and health, and even unemployment and mortality. As the studies suggest from the past years, continues stress of unemployment on an individuals mind can persuade prominent changes in human invulnerable responses and that these changes are primarily arbitrated. Also, high levels of inflammation seem to socialize with several diseases, and depression. These relations suggest that high levels of inflammation might be a mediator between unemployment and ill health. On the other hand, we found only two previous studies suggesting that some aspects of immune function may be altered following the loss of work. A report suggested that separate incidents of unemployment may have long-term implications for future CRP level in young males. High levels of pro inflammatory cytokine, interleukin-6 (IL-6), and high-sensitivity C-reactive protein (hs-CRP) are indicators of inflammation. In the current study using a sample of the Finnish general population we applied this suggestion to test our hypothesis formulated on the basis of current evidence. STUDY OF RELATION BETWEEN UNEMPLOYMENT AND ILL-HEALTH (LOCAL LEVEL) When we studied the pattern of relation between the unemployment level and health level, we came across that at local levels the things are similar. This means that people because of unemployed are under hypertension and depression. They could not face the situations in the increasing inflation in prices of even the local commodities. In 2009 due to the global recession in the world the countries were adversely PROPOSED METHODOLOGY We determined the inciting status in 225 individuals below the general retirement age of 65, when study was done on a sample of the Finnish general population as a part of an ongoing follow-up. In the sample there were 93 men and 132 women. The average age was 52.6 (SD 8.2, range: 32 64) years in men and 52.0 (SD 7.6, range 32-64) years in women and the study period starts from October 2004 up to April 2006. To conduct the study approval was obtained from the local Authority of the city so that there are no issues in context of the health survey. All the procedures of the study were carried out with the proper understanding of all the participants, who gave written informed permission before entering into the study. The participants completed a standardized questionnaire that screened socio demographic variables like sex, age, marital status, length of education. In the study they were also asked how often they consumed alcohol over the past twelve months. Which was classified as less OR more than twice a week, whether they were current daily smokers or not? And whether if they had physical diseases, got diagnosed by a doctor. The participants were also asked whether if they had any economic hardship during the previous twelve months? How is there current financial situation? (Good, fairly good = good financial situation, fairly poor, poor = economic hardship). To indicate the level of depressive symptoms the questionnaire also included the 21-item Beck Depression Inventory. In addition, the employment status was inquired by the participants and those who reported being unemployed (8.4% of the study sample) were compared with the others in final analyses. The frequency of unemployment was at the same level as the total unemployment rate in Finland in the sample during the study period of two years (7.7% in December 2004 and 7.6% in December 2005). 131 (63.6%) were at work, 14 (6.8%) on sick leave, 52 (25.2%) had retired, 3 (1.5%) were students and 6 (2.9%) were voluntarily not at work of the other studied participants. From all of studied participants, 25 (11.1%) had been unemployed in 1998, 31 (13.8%) in 1999 and 28 (12.4%) in 2001. The height and the body weight were also measured in light clothing without shoes, and the body mass index (BMI; kg/m2) was estimated. The laboratory measurements were carried out in the medical laboratory of Kuopio University Hospital. After having been instructed to fast for the previous 12 hours, the participants came for venous blood sampling at 8 am. The measurement of serum, high-sensitivity C-reactive protein was carried out according to a routine practice using a Kinetic Immunoturbidmetric Method and analyzed using an IMMAGE Immunochemistry System. The venous blood samples were stored at -80 °C until run, for the cytokine analyses. With Bio-Plex Human Cytokine Panel 1, the levels of IL-6 (pg/mL) were analyzed by multiplexing utilizing a Bio-Plex instrument based on Luminex xMAP technology. The samples were centrifuged for 15 min at 3000 rpm, before analyses and diluted 1:2 in an appropriate sample matrix. The intricacy and inters variations for the IL-6 analysis were 3.7-17.2% and 4.6-13.8% respectively. We used a pro-inflammatory cytokine, interleukin-6 (IL-6), and high-sensitivity C-reactive protein (hs-CRP) as indicators of low-grade inflammation as originally suggested by Yaffe et al. and later by Capuron et al. In this study, levels above the median for both IL-6 (à ¢Ã¢â‚¬ °Ã‚ ¥ 0.97 pg/mL) and hs-CRP (à ¢Ã¢â‚¬ °Ã‚ ¥ 1.49 mg/L) indicated an elevated inflammatory status (n = 72). In univariate analyses we used the à Ã¢â‚¬ ¡2 test for categorical variables, Students t-test for normally distributed continuous variables and Mann-Whitney U-test for continuous variables with a skewed distribution. For IL-6 and hs-CRP linear regression models were tested separately. Inflammatory markers were also log-transformed for these analyses. Finally, several other forced multivariate logistic regression models were calculated just to test whether there were any independent associations between being and having been unemployed, and having a high inflammatory status. These models were socio demographically adjusted for sex, age, marital status, smoking, education, alcohol consumption, economic hardship, some common somatic diseases, the Beck Depression Inventory score, and the body mass index (BMI). PILOT OF METHOD The pilot of method means using various local methodologies to conduct the survey of the undergoing project. Using algorithm such as a greedy construction heuristic as a building block or application process, the pilot method is a meta-heuristic with the primary idea of performing repetition using the application process as a look ahead mechanism. It computes for every possible choice (or move) a so-called pilot solution, recording the best results in order to extend at the end of the iteration a so-called master solution with the corresponding move. One may apply this strategy by successively performing, e.g., a cheapest insertion heuristic for all possible local choices. The following is the questionnaire designed for the local people in order to make a survey to know what the condition is: THE LOCAL HEALTH AUTHORITY: SURVEY FOR FINDING THE IMPACT OF UNEMPLOYMENT ON THE HEALTH OF PEOPLE Are the facilities provided to unemployed people? Yes No Cant say anything Are you aware of the fact that unemployment is correlated to ill health of people? Yes No Do you read news regarding the suicides of people who are not employed? Very much aware Updated with the current knowledge No idea about the issue Have government took any steps regarding the matter? Yes No Cant say anything Are the unemployed covered under any act for providing them living? Yes there are acts Cant say anything in this matter Suicide cases and ill health is more in which age group? 16-25 30-40 45-55 All of the above Mental and ill health are more common in which gender? Males Females Both of the above

Organizational Responsibilities Essay

According to the American Medical Association (AMA) an impaired physician is unable â€Å"to practice medicine with reasonable skill and safety due to mental illness, physical illness, including but not limited to deterioration through the aging process, or loss of motor skill or excessive use or abuse of drugs, including alcohol† (API, 2011). The scenario presented for this assignment involves Dr. Smith a talented and skillful cardiac surgeon on staff at a local community hospital, who is currently engaged in a divorce. On multiple incidences, hospital staff members observed Dr. Smith to be intoxicated. On one of these occasions, a nurse observed him the night before he was scheduled to operate, inebriated, and notified her supervisor. On the morning of surgery, Dr. Smith called in sick. There is great concern on the part of the hospital administration that Dr. Smith may perform surgery in an impaired state, noting he recently has made errors during surgery. A Health care organization’s ultimate responsibility is to the patients it serves, and to make certain that physicians, either employed or privileged, are competent and functioning appropriately while providing quality patient care (Ohlsen, 2006). Under the doctrine of corporate negligence, â€Å"the hospital is liable if it fails to uphold the proper standard of care owed the patient, which is to ensure the patient’s safety and well-being while at the hospital† (Pozgar, 2010, p. 242). Hospitals hold certain nondelegable duties unrelated to the negligence an employee may commit. Two nondelegable duties include monitoring the quality of care rendered by the medical staff, and hiring and keeping competent physicians (Pozgar, 2010). Allowing Dr. Smith to operate with the knowledge that he has committed errors during the performance of†¦ [continues]

Can Euthanasia Be Justified Morally Essay - 1058 Words

Is the choice of individuals to end their lives dependent on anyone else but themselves? Or should a jury or the state truly have the omnipotent voice in such a personal endeavour? Ethics can be elucidated as a set of moral principles, thusly the rules of conduct perceived by one or a society to be the right or wrong, the good or bad (as religiously termed evil). Several philosophers throughout history have attempted to define the term morality in various ways. Aristotle posits that the highest good is always an end and not the means, whilst Hobbes and Locke refute this concept, stating that what is essentially deemed good is all relative to the desires of the agent (the individual or entity) (Macintyre 1996: 57-157). The universally†¦show more content†¦She was so painfully ill that she screamed in agony whenever touched, thusly Dr Cox injected her with potassium chloride to give Mrs Boye a semblance of a peaceful but he was later suspended and criminalised (Euthanasia, 2000). Sue Rodrigues, a mother (in her early thirties), painfully and gradually died of Lou Gehrigs disease. She lived with the knowledge that her muscles will slowly waste away for se ven years while awake and conscious, until she choked to death. Even though she had begged the courts to allow her doctor to assist her in choosing her own moment of death but was refused, until february 1994 when the doctor secretly broke the law to help her die (ibid). These are a few but some of the many countless cases of the laws failure to consent to euthanasia, allowing patients to suffer on the basis of what it deems to be moral. Kantians Deontological will state that good will is good, thusly the focus is then upon the agents will (the intention and reason for the agents action is then questioned, rather than the actual deed itself) (Macintyre 1996: 191). The sole motive of the good will is to do its duty for the sake of its duty, hence duty is acted upon without any inclination or self-interest (ibid). Duty is therefore no means to an end but rather the end itself because good will should be selfless, Kant explains, ‘‘So act that you use humanity, whether in your own person or in theShow MoreRelatedActive Euthanasia Is Never Morally Justified1545 Words   |  7 Pages Analysis on The Argument That Active Euthanasia is Never Morally Justified Death has always been a controversial topic throughout the world. There are many theories as to where we go and what the meaning of life truly is. How one dies is important in today’s society, especially when it comes to the idea of suicide. Active euthanasia, also referred to as assisted suicide, is the intentional act of causing the death of a patient experiencing great suffering. It is illegal in some places, like FranceRead MoreEuthanasia Is Morally Permissible?850 Words   |  4 PagesEuthanasia, as defined by many philosophers, should only be morally permissible in certain circumstances where it benefits the one who dies. It is a widely held belief that an act of euthanasia aims at benefiting the one who dies. Using Kantian ethics as a model, one can determine that: It is morally permissible to engage in voluntary acts of euthanasia; it is morally permissible to engage in acts of nonvoluntary euthanasia, and; it is never morally permissible to engage in acts of involunt ary euthanasiaRead MoreEuthanasi It s Worst1034 Words   |  5 Pages Euthanasia At It’s Worst Euthanasia should not be an option for patients to end their lives because euthanasia is not morally justified, and corrupts, while contradicting the point of medicine. Euthanasia also should not be used because euthanasia itself puts to much focus on suicidal drugs and not enough on finding better treatment plans for patients. In January 1991, a Gallup Poll was taken of the broad acceptance of assisted suicide in which 58% of people agreed that a person has the â€Å"moralRead MoreThe Moral Permissibility of Legalizing Active Euthanasia Essay1442 Words   |  6 PagesPermissibility of Legalizing Active Euthanasia To date, in the united States of America, active euthanasia has been seen as unacceptable in legal terms. However, the issue is not so clear in moral terms among the public, and especially among the medical community. In fact, nearly half of the doctors in the United States say that they would prescribe active euthanasia under certain circumstances. The law that prohibits active euthanasia restricts many people fromRead MoreDying with Dignity960 Words   |  4 Pagesto the person. 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Journal Article Analysis Essay example - 1577 Words

Journal Article Analysis tgkoontz University of Phoenix Abstract A Week 3 assignment in the class, PHL/717 Constructing Meaning, required a philosophical analysis of an article in the Journal of Psychology. The article investigated how the connection between knowledge and learning influenced individuals to think about controversial everyday issues. The analysis included identifying philosophical assumptions, explaining practical significance and applicability, and relating assumptions and methodology to class readings. Journal Article Analysis An article in the Journal of Psychology investigated how the connection between knowledge and learning influenced individuals to think about controversial everyday issues.†¦show more content†¦The scientific community has debated the methodology of the attainment of knowledge since Aristotle. Social science, such as the study analyzed here, wants to develop a more engaged relationship between knowledge and practice (Delanty Strydom, 2003). Conceiving their study on previous research done about the nature of knowledge and the nature of learning that influences thinking, Schommer-Aikins and Hutter (2002) introduced an additional element of contemporary controversial issues encountered in everyday life. Their research looked to populations outside of academia to support their hypotheses. Generally, they were able to prove a relationship exists between individual beliefs about knowledge and learning and the ability to demonstrate higher order thinkin g. Education and critical thinking influence these beliefs (p. 16). The nature of knowledge and learning beliefs influence thinking in everyday life. Methodology Kuhn (1996) describes a paradigm as the accepted norm of a science. The standards, rules, and scientific tradition one follows in a particular area of scientific study comprise the paradigm. 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Technology Essay - 11684 Words

that contribution technology has made to modern life has been really positive and has helped to improve the quality of human lives. The first reason for me to appreciate the contribution technology made to modern life is just the fact that it enhances daily life to unprecedented levels. As women increase their roles in society in the last times, daily homework such is cook, make laundry or vacuum take less time to do it than before, and its permits women to dedicate this time to other activities such is study, working, and other activities. --- No. It is not technology that enables women to get educations. Modern society would be improving the lives of women even if vacuum cleaners had never been invented!! Be careful not to sound like†¦show more content†¦This tiny piece of plastic is distracting teens from the most important message of all. The message of God. iPods also create the distraction but it also sends a signal â€Å"visible from a good distance away, white earphones signal one thing to most people: don’t bother trying to talk to me† (Song). This action irritates people. I have a friend and whenever we get in the car she sticks her headphones in and I endure the rest of the car ride in silence. I find it rude. These bubbles are grow ing around so many people and someone just needs to pop them. As you can tell, I am very much against technology but there are ways that is helps. It helps many people stay in touch with friends that might have moved away, â€Å"the internet can make it easier to keep in touch with old friends† (Coget and Ytaka). In my life, I will move on from all my friends and I will still want to stay in touch with them all, but it can be just as easy to look them up and ask if they would like to do something in person. Staying in touch can be done in person as much as over technology. Some people have trouble making new friends and the internet provides ways to meet new people through chat rooms. I believe relationships built online can be a little eccentric but, â€Å"one study suggests that online relationships simply take longer to develop than those face-to-face and eventually can become as rich† (Coget andShow MoreRelatedTechnology And Technology Essay1762 Words   |  8 Pageshumanity technology is an ever-growing resource allowing people to become whatever, choose whenever, and go wherever they want to be. In the world today, there has been debates concerning technology and whether or not it hinders people’s individualism or expresses it even more. Of course, most people would say that they are unique and that their own sense of self is a personality that only they themselves created and use. 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Corporate Structure Free Essays

string(112) " between management and shareholders but also facilitate the functioning of the financial and economic systems\." Demand for disclosure has been spurred by information asymmetry and agency conflict between management and investors. Good corporate structure principles are the foundation upon which trust of investors and lenders is built, corporate governance is a philosophy and mechanism that entails putting in place better structures and processes through which the affairs of a company are directed and managed to enhance long term shareholders value through transparency and accountability. Previous empirical studies on the association between cost of equity capital and voluntary disclosure have documented confusing results, Botosan and Plumlee (2002) found a positive association exists between voluntary disclosure and cost of equity capital while Gietzmann and Ireland (2005) found a negative relationship between disclosure and cost of capital. We will write a custom essay sample on Corporate Structure or any similar topic only for you Order Now Increased application of corporate governance all over the world has risen after major corporate scandals due to lack or improper corporate disclosure, this has resulted to investors and lenders lose confidence in the traditional financial reporting. Transparency and disclosure creates and sustains confidence of investors, stakeholders and the winder society and provides opportunity for continuous improvement of business structure and processes this has resulted to re-examination and scrutiny of the existing corporate disclosure thus spurring the need for expanding the existing disclosure policy. Voluntary disclosure, being one key pillar of corporate governance is regarded as an external mechanism for the control of the management, protection of the shareholders and a decrease of the agency costs resulting from information asymmetry between the management and shareholders. Botosan (2002) observed that firms which disclose more information in their annual reports enjoy the benefit of lower cost of capital. The current growing trend towards increased corporate disclosure will soon transform into a veritable river of additional information.Although the purpose of disclosure is to provide adequate and sufficient information to the various stakeholders, managers may choose not to disclosure certain information in orders to protect competitive advantage Kavitha and Nandagopal,(2011). Studies have shown that public firms are careful about disclosing information that might lead to competitive disadvantage, example, information about technological innovations, strategic and specific operation data Elliott and Jacobson (1994). The decision on the optimal level of disclosure is thus affected by the interplay between the costs and the benefits of disclosure. 1.2 Voluntary Disclosure Elements of voluntary disclosure will be classified into four classes of information disclosure as forward-looking, financial, corporate social responsibility and board size. Voluntary disclosure is regarded as an important economic tool that aids communicating information to different market players in an industry with an aim of providing clear view about business’s long term sustainability. Information disclosure conveys company’s information to the owners, stakeholders and general public about the quality and value of the company Hamrouni et al.,(2015).Corporate disclosure falls into two categories, mandatory disclosure and voluntary disclosure covering all types of information, both of financial and non-financial in nature. Laws, regulations and accounting standards stipulate mandatory information disclosure whereas voluntary disclosure is the information reported beyond the statutory requirements. Meek el al, (1995) defines voluntary disclosure as the free option on the part of the company management to provide accounting and other information deemed pertinent to the decision needs of users of their annual reports. The extent and type of voluntary disclosure is dependent of the industry, size, governance structure, ownership structure and geographic region. Boesso and Kumar (2007) claimed that one of the determinants that led to the emergence of voluntary disclosure was the inadequacy of financial reporting as claimed by investors and shareholders . Investors increasingly demanded openness and disclosure of information relating to performance and strategies. Organizations gains some benefit by virtue of disclosing sustainably over and above the statutory required information. Li and McConomy (1999) found that firms in better financial conditions are more likely to voluntarily adopt new International Financial Reporting Standards (IRFS) on environmental disclosure and hence become more profitable and reduce the cost of compliance. Spanheimer and Koch (2000) noted the primary motive for adopting informative accounting as the access to global funding, worldwide comparability of financial statements, increased transparency and pressure from capital markets. Ross (1997) found that companies that provide more information disclosures reduced the occurrence of information asymmetry between the owners and manager, subsequently get to enjoy low cost of capital. The benefits of disclosure are for example, increased share price will lower cost of capital resulting from a firm’s full disclosure Nayak, (2012). Investors and creditors are better informed with a high level of disclosure making them understand the economic risk of the investment Elliott and Jacobsom, (1994). Disclosure is generally done in the company annual report either through the statements or notes accompanying the statements. The disclosure elements in the study for measuring the level of voluntary disclosure will include forward-looking information, financial and capital information, corporate social responsibility information and board size information. Forward-looking information represents one form of corporate disclosure. It provides a confidence signaling power to the stakeholder in the management capability to foresee the future prospects of the business. According to Celik et al. (2006) forward-looking information helps to predict the future of a company in terms of performance and strength of the management. Management credibility is gained by accurately predicting company future forecast over and over. Even though the shareholders frequently question the management about what is going to happen to the company in future, the management cannot predict or gives a certain answer to what is going to happen but they observe market trends and then present the shareholders with explanations about what the company future prospects. Companies that wish to access external sources of finance may tend to disclose more forward-looking information to enable them gain investors confidence Clarkson, Kao and Richardson (1994). Jenkins Report (AICPA, 1994) formulated a number of key recommendations to increase the quality of corporate reporting, which included increasing the attention for and provision of forward-looking information. Financial information disclosure helps stakeholders to evaluate company performance before making any investment decisions about the company. Improved information disclosure does not only bridge the information asymmetry between management and shareholders but also facilitate the functioning of the financial and economic systems. You read "Corporate Structure" in category "Papers" Adequate disclosure is used as a mean of attracting new investors in addition to supporting and building company reputation. To reduce vulnerability, information disclosure should be comprehensive, timely, informative and credible in nature. Financial information is derived from the financial reports prepared from the books of accounts and analyzed in various categories such as the income statements, balance sheet, statement of cash flows and statements of changes in equity. Corporate Social Responsibility (CSR) interpreted as the way firms integrate its social, environmental and economic concerns into their value, culture, operations and strategies. Carroll, (1999) noted CSR as an evolving concept. Centre for corporate governance (2005) issued guidelines which encouraged companies to disclose information on CSR, ownership structure and board size (Barako, 2007). CSR efforts translate into improvements in firms’ financial performance. Corporate social reporting disclosure enhances company reputation by gaining trust and support from the stakeholders (Woodwar, Edwards and Birkin, 1996), additionally it helps assess congruence between the social value and social norms (Dowling and Pfeffer, 1975). CSR enables firms to access huge sum of finance that might difficult to obtain.Board size is the total number of directors on a corporate board. The board of directors is the apex organ of a company whose central role being the formulation of polices and strategies to be followed by managers in managing firms operations. Board plays an important role in maintaining effective corporate governance. It is the Board that determines the amount of information disclosure by making strategic decision on the level of voluntary disclosure. Chen and Jaggi (2000) noted that greater number of directors on the board may reduce the likelihood of information asymmetry. It is believed that the size of the board affects the ability of the board to monitor and evaluate management. Increase of directors in the board will consequently increase director’s ability to control and promote value creating activities. Larger board bring with them a collection of experience and expertise, therefore expanding the need for higher information disclosure, it is also argued that larger board size may find difficulty in arriving at a consensus in decision which can ultimately affect the quality corporate governance while small board size encourages faster information processing . Brudbury (1992). 1.3 Cost of Equity CapitalThe cost of equity is the return that an investor expects to receive from an investment in a business. This cost represents the amount the market expects as compensation in exchange for owing the stock of the business, it consist of dividends and capital gains. From an investor’s perspective, cost of equity capital is the return he expects for a share of stock he keeps in his portfolio. Fama and French (1993) found risk growth and size as the factors that influence the required rate of return by investors. When making decisions which affect the firm, Cost of equity plays a crucial role because it affects the discount rate at which expected future cash flows are valued. In archiving an effective strategic decision making and performance evaluation, the cost of equity should be estimated with accuracy. According to Beneda (2003) the cost of equity is a vital base of comparing investment opportunities. Invertors use the concept of cost of equity as an investment opportunity in a company. Cost of equity is one of the methods used to evaluate investment decisions, example capital budgeting analysis, choice of capital structure and firm valuation. Larger firms are associated with lower cost of capital when compared with the smaller firms since they are in a better position to raise funds from external sources on favorable terms. Equity capital plays a fundamental role in the development of a firm due to its advantages when compared to other financing forms. The cost of equity capital is an important component with significant input in calculating the cost of capital Cotner and Fletcher (2000). It is detrimental to apply less appropriate model to estimate cost of capital, this can result to underestimation or overestimation. Underestimation may result in value destructive investments while overestimation may lead to rejection of promising investment opportunities. The cost of equity capital is a key indicator of operations in the financial markets and is used by managers and financial resource providers. Clear financial statements reduce uncertainties associated with shareholders’ equity lending to decrease in the cost of equity while incomplete and unclear financial statements increases uncertainty hence causing information risk to shareholders who hence demand higher return. The cost of equity capital is of importance in two folds: securities valuation models are based on the cost of equity capital and without cost of equity capital it is impractible to invest company money as it is difficult to determine capital structure hence unable to determine investment priority (Ahmend, 2007). Manager being agents of the shareholders try minimize the cost of equity hence maximizing shareholders wealth at this same time improving the value of the company. In most financial decisions, cost of equity is an effective determinant factor. Cost of equity is used in capital budgeting decisions, setting optimal structure and working capital management. Implementing corporate governance practice, the high cost of equity capital problem is overcome. The higher level of voluntary disclosure the lower investor uncertainty, with lower uncertainty investors will be willing to accept lower dividend payouts. A lower dividend stream would decrease the cost of equity capital because of a lower risk premium expected by the investors. Lower risk premium demanded by investors translate into a lower cost of equity capital of the firm. Voluntary disclosure reduces the cost of equity capital in two ways which are based on enhanced stock market liquidity and on the reduced non-diversifiable estimation risk. More voluntary disclosure reduces investor uncertainty and attracts long term investments. Determinants of the cost of equity capital can be categorized into two: variables measured on accounting information only (accounting based) and variables measured on relations between market data and accounting data (market based). How to cite Corporate Structure, Papers

The French Revolution Persuasive Essay Example For Students

The French Revolution Persuasive Essay The year 1789 brought France the biggest period of change she had or would ever experience. During the next ten year period, now known as the French Revolution, saw the overturn of and murder of Louis XVI, a time of chaos and much bloodshed, and the establishment of a new government that would change France forever. Many aristocrats were murdered during the Reign of Terror, and many leaders of the revolution themselves were murdered as the people continued to revolt. A new constitution was written and then another immediately followed as the Declaration of the Rights Man was proclaimed throughout the land. This time period ended when Napoleon Bonaparte became the first consul of France. France Before the RevolutionBefore the revolution, France was divided into three classes, or estates as they were called. The first two, the nobility and the clergy, received many privileges that the other classes did not. The third class was made up of merchants, professional people, the workers, and the peasants. This caused a major division between the classes and the third class was becoming very upset with the way they were being treated. At this point in French history, the kings of France had believed that they were only responsible to God for the way they chose to rule. However, if they wanted to receive advice, they could ask a legislative body called the Estates General that contained representatives from all three classes. The problem was that the kings were not required to do this and had not done so since 1614. The royal taxes were very heavy which drained all the money from the third class and was then used by the king to live luxuriously. The nobles also drained all of the money from their estates so that they could continue to live a rich lifestyle. Causes of the RevolutionThe Philosophers. The philosophers were brilliant men who wanted to reorganize the government and society on a basis of reason. Theyre were some who thought that the English system of government was better while one mans writings, Jean Jacques Rousseau, even influenced the writers of the United States Constitution. Louis XVI Becomes King. Louis XVI became king when he was after his grandfather Louis XV died. The young king meant well for his country, but was inexperienced, immature, and not very intelligent in his dealings with government. When Louis XVI came to the throne, there were some big problems in France, the main problem being money. He proposed some new government reforms to help raise money, but the nobility and clergy were not happy with them as well as the land tax that was proposed that exempted no one. Because of this, the nobility and clergy demanded that the Estates General meet. Revolution BeginsEstates General Meets. The Estates General met in May of 1789. The third estate was given 600 representatives while the clergy and nobility were given 300 each to balance the power, but nothing had been said as to whether they would vote together or separately. In the past, voting had always been done separately between the classes. This had allowed the nobility and clergy to outvote the third estate. Before the meeting, king Louis asked each body of representatives to send in their own list of complaints that were known as a cahier. Many historians agree that had King Louis and his ministers proposed a good plan of reform to the meeting, the revolution could have been prevented. 1.The World Book. 1966 ed. S.V. French RevolutionBy William F. McDonaldBackground and History of the French Revolution2.The New Book of Knowledge. 1986 ed. .uc72611588278e95e39786dc0605b392c , .uc72611588278e95e39786dc0605b392c .postImageUrl , .uc72611588278e95e39786dc0605b392c .centered-text-area { min-height: 80px; position: relative; } .uc72611588278e95e39786dc0605b392c , .uc72611588278e95e39786dc0605b392c:hover , .uc72611588278e95e39786dc0605b392c:visited , .uc72611588278e95e39786dc0605b392c:active { border:0!important; } .uc72611588278e95e39786dc0605b392c .clearfix:after { content: ""; display: table; clear: both; } .uc72611588278e95e39786dc0605b392c { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uc72611588278e95e39786dc0605b392c:active , .uc72611588278e95e39786dc0605b392c:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uc72611588278e95e39786dc0605b392c .centered-text-area { width: 100%; position: relative ; } .uc72611588278e95e39786dc0605b392c .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uc72611588278e95e39786dc0605b392c .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uc72611588278e95e39786dc0605b392c .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uc72611588278e95e39786dc0605b392c:hover .ctaButton { background-color: #34495E!important; } .uc72611588278e95e39786dc0605b392c .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uc72611588278e95e39786dc0605b392c .uc72611588278e95e39786dc0605b392c-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uc72611588278e95e39786dc0605b392c:after { content: ""; display: block; clear: both; } READ: The Deadly Social Cloud (Satire) EssayS.V. French RevolutionBy Dorothy MarshallHistory and Background of the French Revolution