Best business growth environments unmasked
Growing businesses would be wrong to overlook developed economies in favour of emerging economies, according to the new Grant Thornton Global Dynamism Index (GDI). The index reveals that despite facing low growth in the short-term, many developed economies still offer businesses favourable conditions for future growth.
Sir David Tweedie appointed to IVSC
Grant Thornton congratulates Sir David Tweedie on his appointment as Chairman-Elect of the International Valuation Standards Councils Board of Trustees. We look forward to working with Sir David Tweedie, said April Mackenzie, International Valuation Standards Council trustee and Grant Thornton International Global head of governance and public policy. Davids previous leadership as Chairman of the International Accounting Standards Board (IASB) and the UK Accounting Standards Board (ASB) is well known and we are fortunate to have an individual of his quality leading the organisation.
The debate over levels of CEO remuneration
Two-thirds (67%) of business leaders around the world say that shareholders should have greater involvement in establishing remuneration policy for senior executives at large public companies and 66% believe that senior executives are paid too much, according to a global survey of 3,000 businesses in 40 countries.
Bureaucracy threatens growth prospects
Regulations and red tape are the greatest constraint to business growth, according to the Grant Thornton International Business Report, a global survey of 3,000 businesses in 40 countries. Regulations and red tape was cited by 34% of the businesses, followed by shortage of orders/reduced demand (33%) and the cost of finance (22%).
Internal devaluation in EU bailout economies
Unable to devalue their currencies as a means to increase the price competitiveness of goods and services, new research shows that the EU bailout economies are showing signs of undergoing a process of internal devaluation. As a consequence of austerity measures and low levels of economic activity, wages and selling prices in these countries look set to fall relative to other economic regions, according to Grant Thornton's International Business Report (IBR) - giving a much needed boost in competitiveness to businesses in those countries.
Do major sporting events benefit economies?
Businesses in emerging markets most value the ability of big sporting events to attract investment to their economies, whilst counterparts in developed economies view them as less important, according to new research from the Grant Thornton International Business Report (IBR).
Eurozone crisis hits 40% of companies
Four in ten businesses globally say the eurozone crisis has had a negative impact on their business, according to the latest Grant Thornton International Business Report (IBR). This is estimated to have wiped US$2trillion off revenues globally. With the crisis still rumbling on, the research also highlights the long-term damage to the prospects of the EU as businesses consider doing less trade in the region in the future.