University : Griffith University UniLearnO is not sponsored or endorsed by this college or university.
Subject Code : 3101AFE
Assignment Task:

THEORIES
Select one of the following theories/hypotheses to apply to the article you have selected. Please do not combine theories.

Theories of regulation
• Public interest theory
• Capture theory
• Private interest theory (economic theory)

Political economy or systems based theories
• Legitimacy theory
• Stakeholder theory (select one branch) o Ethical (moral) branch o Managerial branch

Economics or market based theories
• Efficient market hypothesis and Capital market research
• Agency theory
• Positive accounting theory (plus select one hypothesis)

o Political cost hypothesis

o Bonus hypothesis

o Debt hypothesis

Article 1 – AMP flags half-year profit of up to $150m amid virus uncertainty The Australian, July 31, 2020

The prospect of windfall returns for AMP shareholders has diminished, as the group warned of a more than 50 per cent collapse in first half profits alongside further pressure on its wealth management arm due to heavy outflows. The Morrison government’s early access super scheme has served a blow to the already under pressure wealth manager, with almost $1bn of outflows from customers looking to dip into their retirement savings in the past six months. In an earnings update AMP said its wealth management arm, once the major source of profit for the company, had trebled its outflows over the past two years to $4.4bn in the first half alone. The previously-flagged loss of corporate mandates, including Australia Post, accounted for $1.3bn of withdrawals, along with $900m associated with the early access to super scheme for those affected by the COVID-19 pandemic.

Article 2 – Warnings JobKeeper payments could boost company profits and executive bonuses Sydney Morning Herald, July 3, 2020

Company directors have been warned against using the government’s JobKeeper stimulus package to artificially inflate profit figures and pad up executive bonuses, with governance experts saying the practice could lead to shareholders being given misleading guidance. The JobKeeper scheme, introduced in March, allows businesses to receive a $1500 a fortnight payment for each eligible employee, with the government effectively paying their wages until September. Businesses must demonstrate a 30 or 50 per cent decline in revenue to be eligible. Swathes of COVID-battered businesses have signed on to the $60 billion program, including a large number of retailers who were forced to close their doors for four weeks across April as social distancing measures made in-store shopping unfeasible.

 

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  • Posted on : September 03rd, 2018
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