Implementing the Responsibility to Protect Essay - 1

Implementing the Responsibility to Protect - Essay Example The paper tells that in the UN summit, all the governments and Heads of States saw the need for each state to protect the citizens from genocide, ethnic cleansing, crimes against humanity and war crimes. Indeed, the assurance of sovereignty protects the small states from the dictatorial rule that the dominant states would exercise on them. Essentially, the sovereign country should have inbuilt mechanisms of fighting crimes, however, it may seek international assistance where the threat is significant and worries the state security. The implication is that each state has to build a strong and reliable coordination with other countries, whose help becomes essential during a war. Therefore, one can argue strongly that sovereignty should not bar the state from forging the strong relationship with the other countries. In addition, inappropriate use of sovereignty would mean protecting the self-interest at the expense of the citizens. Some of the key catalysts to sovereignty include the po litical will, need for international integration and ethnic co-existence. Fundamentally, the leadership will and peaceful co-existence ensure that the sovereign state remains peaceful and coherent. In addition, it would enable the state to build a proper relationship with other states, thereby, being in a position of getting international assistance during the emergency. Furthermore, this would enhance international integration among different countries. Legally, the states are obliged to use sovereignty for the interest of the people, safeguard them and ensure that they free to live and interact in the country. The protection is legal and spelled out in the constitution, thereby, being credible and legitimate. In the contemporary society, Jackson acknowledges that there are State powers that do not use their sovereignty for the good of the people. For example, some developing states literally misuse sovereignty to achieve personal or ethnic gains, with disregards to the public. Ind eed, the theory of the balance of power explains the misuse of state sovereignty resulting from the differences in power factions within the country.

The impact of corporate financial performance on market value Essay

The impact of corporate financial performance on market value - Essay Example The process of internationalization, changes the possibility of creating higher values for the stakeholders (M. TÃ ³th, 2012). In a global business environment, we see different opinions calling for change of approaches to corporate governance and to control and manage companies in a way that will continue to achieve both effective performance and appropriate social accountability and responsibility(B.Tricker, 2009). The construct of firm performance is of central importance to management research because explaining variation in performance is an enduring theme in the study of organizations (e.g., Hoopes et al., 2003). Although firm performance has been recently proposed as a multidimensional construct that consists of many different aspects such as operational effectiveness, corporate reputation, and organizational survival (Richard et al., 2009), one of the most extensively studied areas is its financial component, the fulfillment of the economic goals of the firm (Barney, 2002; Venkatraman and Ramanujam, 1986). To assess the financial aspect of firm performance (i.e., financial performance), organizational researchers generally use either accounting-based measures of profitability such as return on assets (ROA), return on sales (ROS), and return on equity (ROE), or stock market-based measures such as Tobins Q and market return (Combs et al., 2005; Hoskisson et al., 1999; Hult et al., 2008). When the company grows as a result of a financial decision such as detention of profits, then that growth will be reflected on the current value of the shares on the grounds that it is the result of a reflection of what will happen in the future. The present value of the shares is the sum of the future cash flows, and this will be reflected on the accounting profits when they occur and they won’t reflect the historical accounting