GR management as an important part of financial management in corporations
DOI:
https://doi.org/10.21847/1728-9343.2013.4(124).16945Keywords:
World Trade Organization (WTO), direct and indirect lobbying, European Union Emissions Trading System (EU ETS), think tanks, financial management, government relations management (GR management)Abstract
The aim of this paper is to show the essence of GR management as an important part of financial management. In this article the latest researches, focused on certain aspects of GR, are summarized. The author devotes significant attention to the role of the government as a key partner and agent on the market. In this research the importance of a wide rage of risks on the market is underlined and their impact on the corporate financing activities is shown. The author upholds different points of view concerning the essence of lobbying and its relation to GR. This paper is focused on comparison between different forms of GR, their types and directions.
It is proved in this research, that relations between corporations and the government in XX century were developing in two opposite directions: on local and international levels.
It is clear that financial contributions, made by the corporations during the election cycle, have significant impact on the government policy and give an opportunity to receive some benefits from the future government. Also, big law firms do have some influence on the government activities and in case if such actions can harm the interests of corporations they can sue an attorney for malpractice. The author shows the ways in which lobbying can serve as a very efficient tool to protect the interests of corporations, manipulate the government policy and initiate some changes in legislation.
Also, the most important problems and specific features of strategic communications in terms of financial and environmental turmoils are explored.
References
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REFERENCES
Sheeba K. (2011), Financial Management, Repro India Ltd., Navi Mumbai, p.5. (engl)
Lerbinger O. (2008), Corporate public affairs: interacting with interest groups, media, and government, Lawrence Erlbaum Associates, Inc., New Jersey, p. 5. (engl)
Zetter L. (2011), Lobbying. The Art of Political Persuasion, Harriman House Ltd., p.17. (engl)
Bardes, Shelly, Schmidt (2010), American Government and Politics Today. The Essentials 2009-2010 Edition, Wadsworth Cengage Learning, p. 238. (engl)
Mack, Charles S. (1997), Business, politics, and practice of government relations, Greenwood Publishing Group, Inc., p. 1. (engl)
Federal Election Commission, avalable at: http://www.fec.gov/disclosurep/pnational.do
Rutledge I. (2006), Addicted to Oil. America“s relentless drive for energy security, I.B.Tauris & Co Ltd, London, p. 59.
United States of America Congressional Record: Proceedings and Debates of the 106th Congress Second Session, Vol. 146, Part 9 (2000), United States Government Printing Office, Washington, р. 1273.
Richard J. Campbel (2011), Smart Grid and Cybersecurity - Regulatory Policy and Issues, CRS Report for Congress, June 15, p. 11.
Tony Seba (2009), Solar Trillions-7 Market and Investment Opportunities in the Emerging Clean-Energy Economy, First Beta Edition, p. 229.
The Cambridge history of law in America (2008), Cambridge University Press, p. 106.
Shaffer Gr. C. (2003) Defending interests: public-private partnership in WTO litigation, The Brookings Institution, Washington, p. 118.
Official Journal of the European Union (2003), p. L 275/32-L275/46.
Kossoy A., Ambrosi Ph. (2010), State and Trends of the Carbon Market, World Bank, Washington DC, p. 9.
Juhasz, A. (2011), Black Tide. The Devastating Impact of the Gulf Oil, John Wiley&Sons Inc., New Jersey, p. 101.
Dreiser Т. (2012), The Financier, Eksmo, Moskow, p. 704.
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