quora
Free

Multinationalism - Research Paper Example

Comments (0) Cite this document
Summary
This paper will discuss three articles in the context of multicinationalism: ‘Globalization and Cultural Diversity’ by Michael Lynton, ‘Financial Reporting Goes Global’ by Cynthia Chruchwell, ‘How Does Foreign Direct Investment Promote Economic Growth? Exploring the Effects of Financial Markets on Linkages’ by Laura Alfar et al…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.7% of users find it useful
Multinationalism
Read TextPreview

Extract of sample
"Multinationalism"

rding to Miller, globalization of products and financial markets has increased the need for global financial reporting standards that would be adopted in the United States and the rest of the globe. In order to have financial reporting standards that will truly facilitate multinationalism, accounting institutions all around the world will have to be given certain measurable incentives in order to convince them to adopt a single set of financial reporting standards. U.S. has the largest human resource and biggest financial markets, therefore U.S. does not need to adopt the International Accounting Standards (IAS) however the pressure due to multinationalism is also being felt by the U.S. to adopt the IAS. U.S. companies have been investing all over the globe therefore they have subsidiaries in different countries. Some countries also have local accounting bodies and regulations regarding auditing. Therefore such subsidiaries also have to fulfill the local regulatory requirements and the requirements of the holding company. This results in duplication of work in accordance with two different sets of accounting standards. Therefore, such subsidiaries are also putting pressure on the corporations in the U.S. to adopt the IAS. Thus the findings in this article indicate that the pressure for adoption of the International Accounting Standards/ International Financial Reporting Standards (IAS/IFRS) has been arising in the recent past due to the increase in multinationalism. Multinationalism is a major reason behind the global standardization of accounting standards. ‘How Does Foreign Direct Investment Promote Economic Growth? Exploring the Effects of Financial Markets on Linkages’ by Laura Alfar et al In this article, the authors explain their research findings on the...
According to Lynton (2007), globalization does not mean homogenization of different cultures all around the globe, it mean heterogeneity. Lynton provides the example of the movies and TV shows being produced all around the globe. Movies produced by one country have global audiences. Along with the international movies produced by Hollywood, local movies are also being produced at a significantly fast pace. Movies are being made and distributed all around the world and in this manner, multinationalism is being promoted. Cultures are not being homogenized, they are being diversified.
According to Churchwell (2006), globalization is increasing at a very rapid pace and this increase in the global business has given rise to a need for a standardized global accounting standards. Churchwell interviewed Harvard Business School professor Gregory S. Miller in this regard. According to Miller, globalization of products and financial markets has increased the need for global financial reporting standards that would be adopted in the United States and the rest of the globe. In order to have financial reporting standards that will truly facilitate multinationalism, accounting institutions all around the world will have to be given certain measurable incentives in order to convince them to adopt a single set of financial reporting standards.
In this article, the authors explain their research findings on the issue whether the Foreign Direct Investment is as helpful for developing countries as it is considered to be. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Multinationalism Research Paper Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/family-consumer-science/1422508-multinationalism
(Multinationalism Research Paper Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/family-consumer-science/1422508-multinationalism.
“Multinationalism Research Paper Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/family-consumer-science/1422508-multinationalism.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
International and Pacific Asian Business
In 1990s, the shift from industrialization to multinationalism was dominant part of our economy. During this era, multinational companies were more focused on keeping investment on capital, expenses spent on human resources and raw materials low. Because of the presence of technological improvements in communication technology, trade liberation and economic freedom were heavily promoted (World Trade Organization 2008).
12 Pages(3000 words)Essay
Essay about Domestic violence
However, the main attention is grabbed by the social perspectives on domestic violence. In this respect the theory of symbolic interactionism takes place as one of the theoretical methods explaining the nature of violence in families. First and foremost, the construction of meaning and roles within families is under analysis, since symbolic interactionism is well based on the assumption that such features define behaviors of the main participants toward each other (Andersen & Taylor, 2007).
5 Pages(1250 words)Essay
MP3s, and the Music of Today
But one definitely remembers searching for songs from the radio and switching on radio stations to catch frequently played songs that were apparently requested by listeners. When searching songs in the internet, one used titles of these
2 Pages(500 words)Essay
Emotional Intelligence
The concept of emotional intelligence is tied around the ability to be aware and express emotions; moreover, it is the ability to be aware of other people’s feelings, establish interpersonal relationships and the ability to manage and regulate emotions.
5 Pages(1250 words)Essay
Political Science - Nations vs States vs Nation-States
On the other hand, the hypothetical differentiation involving the two is of vital consideration (Sarmah 3). State people are law-structured in a specific territory. There are four elements that constitute a state: populace, territory, government and sovereignty.
2 Pages(500 words)Essay
The Problem of Racism. Selling illusions: the cult of multiculturalism in Canada by Neil Bissoondath
The problem of racism grew due to the movement of different nations toward better life. In this respect the locals will never appreciate the foreigners, and such a problem gives rise to xenophobia, as the main source of faction. In this respect racial discrimination and oppression is not the problem of solely one country of the world.
3 Pages(750 words)Essay
Explosions
rial Sugar explosion of Port Wentworth, Georgia on February 7, 2008; the BP Texas City Refinery explosion on March 23, 2005; the gas tank explosions at Southwest Industrial Gases on July 25, 2007 in Dallas, Texas; the CAI inc. chemical fire on November 22, 2006 at Danvers,
1 Pages(250 words)Essay
Crossboder Merger
38 Pages(9500 words)Essay
Management in Context
(Jain, 2003: p. 1 – 2) As a result of the rapid improvements on communications technology, economic freedom and the continuous
14 Pages(3500 words)Essay
Media reading analysis and response
Conditions change and opportunities arise and disappear. Recent references to such concepts as globalization, multinationalism, transnationalism, and the viability of the traditional nation-state have proliferated as decision-makers attempt to determine whether our era is one of expanding opportunities, decreasing opportunities, or something of a more hybrid nature.
5 Pages(1250 words)Essay
Globalization and social change
nology, economic freedom and the continuous promotion of trade liberalization (World Trade Organization, 2008), modern business trend has gradually shifted from multinationalism to globalization. To enable businesses to maximize the use of its resources, globalization is not
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Research Paper on topic Multinationalism for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us