代寫論文-比爾·貝斯特是否滿足了股東的利益。北方之星資源有限公司的首席執行官是比爾·比斯特，並給出了他的薪酬、收入、毛利潤、凈利潤和綜合總收入。本文探討了北極星資源有限公司CEO薪酬與會計報告、會計準則和可持續發展實踐的關系。利用SPSS統計工具計算了票據報酬與毛利潤、凈利潤和綜合總收入之間的相關關系。這是為了弄清楚比爾·貝斯特是否滿足了股東的利益，因為公司給了他一大筆錢。The Chief Executive Officer of Northern Star Resources LTD is Bill Beament,Along with his remuneration, the revenue, gross profit, net profit and the total comprehensive income are also given. This paper delves into the relationship between the remuneration of CEO of Northern Star Resources LTD and the accounting reporting, accounting standard and the sustainable practices. The correlation among the Bill Beament’s remuneration and the gross profit, net profit and the total comprehensive income is calculated with help of the statistical tool, SPSS. This is required to find out whether the shareholders interests are met by Bill Beament with the handsome package offered to him by the company.
股東利益是利潤的最大化。然而，這幾乎沒有發生在比爾·比斯特身上。因此，比爾·貝斯特的薪酬與股東利益之間存在沖突(Beaver, 1999)。盡管如此，當公司出現虧損時，他的工資必須提高，才能實現毛利潤的回升。這是因為CEO薪酬與總利潤以及凈利潤呈正相關關系。然而，利潤的增長不會像工資的增長那麽多(Bebchuk, 2005)。即使公司正在盈利，如果利潤必須進一步增長，比爾·比斯特的報酬也必須增加。或者，比爾·比斯特應該被另一位CEO取代，他的薪酬和利潤之間的相關性是負的，這樣，如果他的薪酬降低，利潤就會增加。
Bill Beament is the Chief Executive Officer of Northern Star Resources LTD. His remuneration was considered to high with frequent media releases regarding the same. This led to conflict of interests between the shareholders and the Bill Beament. However, a correlation analysis carried out between the remuneration of Bill Beament on one side and revenue, gross profit, net profit, and total comprehensive income on the other side showed that the profits and the remuneration of Bill Beament are positively correlated. This means that salary of Bill Beament should be increased further to increase the profits for the company.
The correlation between the remuneration of Bill Beament and the revenue has been -.439 (Pearson Correlation). Therefore, it signifies that if the remuneration of Bill Beament is increased the revenue will fall. It raises the question whether the compensation hike is really helpful to the company. The correlation between the remuneration of Bill Beament and the gross profit has been .685 meaning if the remuneration of Bill Beament is increased by $1, the gross profit of the company will increase by 0.68p. This is also not enough. The company should not be increasing the remuneration of Bill Beament, as the company is not benefitted as much as his personal benefit. The lack of profitability is visible in the income statement of the company. Between the year 2008 and 2011, the only year that the company has registered profit is 2010. In all other three financial years the company has registered loss.
The shareholders interest is profit maximization. However, that is scarcely happening with Bill Beament. Thus, there is existent of a conflict between Bill Beament with respect to his remuneration and the interests of the shareholders (Beaver, 1999). Nonetheless, when the company is running into losses, his salary has to be increased for a turnaround of the gross profit. This is because the CEO remuneration and the gross as well as the net profit have positive correlation. However, the profits won’t increase as much as the increase in salary (Bebchuk, 2005). Even when the company is making profit, Bill Beament’s remuneration has to increase if the profit has to increase further. Alternately, Bill Beament should be replaced by another CEO in a way that the correlation between his remuneration and the profits is negative so that if his remuneration is lowered the profits will increase.
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