Pub Date : 2009-01-23DOI: 10.1108/01409170910927631
M. Aluchna
Purpose – The purpose of this paper is to investigate the relationship between compliance with corporate governance best practice and corporate performance within Poland.Design/methodology/approach – The analysis is based on the regression of corporate governance compliance rating and corporate performance on a sample of Polish public listed companies for years 2004‐2006.Findings – The research indicates that complying with corporate governance best practice in Poland is associated with lower return on investment (the whole sample). However, the tendency changes into negative but statistically insignificant for the second and third years, and positive but statistically insignificant when only rated companies are included in the research sample. The relationship between proxy of Tobin's q and corporate governance rating remains statistically insignificant and is negative for the whole sample and positive for first and third year as well as for rating companies.Research limitations/ implications – The next ...
{"title":"Does good corporate governance matter? Best practice in Poland","authors":"M. Aluchna","doi":"10.1108/01409170910927631","DOIUrl":"https://doi.org/10.1108/01409170910927631","url":null,"abstract":"Purpose – The purpose of this paper is to investigate the relationship between compliance with corporate governance best practice and corporate performance within Poland.Design/methodology/approach – The analysis is based on the regression of corporate governance compliance rating and corporate performance on a sample of Polish public listed companies for years 2004‐2006.Findings – The research indicates that complying with corporate governance best practice in Poland is associated with lower return on investment (the whole sample). However, the tendency changes into negative but statistically insignificant for the second and third years, and positive but statistically insignificant when only rated companies are included in the research sample. The relationship between proxy of Tobin's q and corporate governance rating remains statistically insignificant and is negative for the whole sample and positive for first and third year as well as for rating companies.Research limitations/ implications – The next ...","PeriodicalId":325346,"journal":{"name":"Management Research News","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-01-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134448587","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2008-12-12DOI: 10.1108/01409170910922014
K. Sim, J. W. Rogers
Purpose – The purpose of this paper is help understand why implementing continuous improvement (CI) strategies can be difficult at times. It also addresses the problem of resistance to change within even those firms whose CEO is most fully committed to implementation of CI programs.Design/methodology/approach – The study focuses on a Fortune 500 manufacturing plant located in the Eastern USA. A survey was distributed to both salaried and unionized hourly employees.Findings – Results from the survey show that the problem lies primarily with an aging and high seniority hourly workforce and a lack of committed leadership at this research site. For example, salaried employees consistently provided higher positive ratings of CI initiatives. In addition, higher seniority was directly correlated with negative ratings. Finally, the study found that employees do not feel valued when they contribute to the improvement processes and that 100 per cent of the hourly male employees disagreed that “The Company considers...
{"title":"Implementing lean production systems: barriers to change","authors":"K. Sim, J. W. Rogers","doi":"10.1108/01409170910922014","DOIUrl":"https://doi.org/10.1108/01409170910922014","url":null,"abstract":"Purpose – The purpose of this paper is help understand why implementing continuous improvement (CI) strategies can be difficult at times. It also addresses the problem of resistance to change within even those firms whose CEO is most fully committed to implementation of CI programs.Design/methodology/approach – The study focuses on a Fortune 500 manufacturing plant located in the Eastern USA. A survey was distributed to both salaried and unionized hourly employees.Findings – Results from the survey show that the problem lies primarily with an aging and high seniority hourly workforce and a lack of committed leadership at this research site. For example, salaried employees consistently provided higher positive ratings of CI initiatives. In addition, higher seniority was directly correlated with negative ratings. Finally, the study found that employees do not feel valued when they contribute to the improvement processes and that 100 per cent of the hourly male employees disagreed that “The Company considers...","PeriodicalId":325346,"journal":{"name":"Management Research News","volume":"102 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115585786","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2008-12-12DOI: 10.1108/01409170910922023
Josiane Fahed-Sreih
Purpose – The purpose of this paper is to explore relationships between different governance configurations and firm survival. The objective is to describe the alternative mechanisms through which the owning family takes a stake in the governance of the firm.Design/methodology/approach – The governance systems of 116 family enterprises in Lebanon are examined. The study integrates family, ownership, leadership and the business itself constituting the four structural elements of a family firm's governance system. Then, the study tests four hypotheses whether the family, the ownership, the leadership and the business dimensions influence positively firm survival/longevity. The other hypotheses tested concern the advisory services and the legal form of the board, and how that might affect the survival/longevity of the family firm.Findings – This integrative view allows observation of interactions among the different structures, and the establishment of a coordinating governing structure. Hypotheses testing r...
{"title":"An exploratory study on a new corporate governance mechanism","authors":"Josiane Fahed-Sreih","doi":"10.1108/01409170910922023","DOIUrl":"https://doi.org/10.1108/01409170910922023","url":null,"abstract":"Purpose – The purpose of this paper is to explore relationships between different governance configurations and firm survival. The objective is to describe the alternative mechanisms through which the owning family takes a stake in the governance of the firm.Design/methodology/approach – The governance systems of 116 family enterprises in Lebanon are examined. The study integrates family, ownership, leadership and the business itself constituting the four structural elements of a family firm's governance system. Then, the study tests four hypotheses whether the family, the ownership, the leadership and the business dimensions influence positively firm survival/longevity. The other hypotheses tested concern the advisory services and the legal form of the board, and how that might affect the survival/longevity of the family firm.Findings – This integrative view allows observation of interactions among the different structures, and the establishment of a coordinating governing structure. Hypotheses testing r...","PeriodicalId":325346,"journal":{"name":"Management Research News","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125544256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2008-12-12DOI: 10.1108/01409170910921998
T. Haapaniemi, S. Mäkinen
Purpose – The purpose of this paper is to focus on the influence of national cultural dimensions on the evolution of national innovation adoption over time. The paper considers the moderating effects of national wealth, population density and illiteracy rate on the role of cultural dimensions in the timing of innovation takeoff in national markets.Design/methodology/approach – The empirical study investigates 137 national innovation adoption time series; the dependent variable being the time it takes for innovation adoption to take off. The independent variables are Hofstede's five cultural dimensions and the moderating variables are gross domestic product (GDP), population density and illiteracy rate.Findings – The outcome of the study shows that cultural dimensions have a greater influence on takeoff time in countries with highly developed economies, dense populations and low illiteracy rates. The study also shows that especially the cultural dimension of individualism has a significant context independ...
{"title":"Moderating effect of national attributes and the role of cultural dimensions in technology adoption takeoff","authors":"T. Haapaniemi, S. Mäkinen","doi":"10.1108/01409170910921998","DOIUrl":"https://doi.org/10.1108/01409170910921998","url":null,"abstract":"Purpose – The purpose of this paper is to focus on the influence of national cultural dimensions on the evolution of national innovation adoption over time. The paper considers the moderating effects of national wealth, population density and illiteracy rate on the role of cultural dimensions in the timing of innovation takeoff in national markets.Design/methodology/approach – The empirical study investigates 137 national innovation adoption time series; the dependent variable being the time it takes for innovation adoption to take off. The independent variables are Hofstede's five cultural dimensions and the moderating variables are gross domestic product (GDP), population density and illiteracy rate.Findings – The outcome of the study shows that cultural dimensions have a greater influence on takeoff time in countries with highly developed economies, dense populations and low illiteracy rates. The study also shows that especially the cultural dimension of individualism has a significant context independ...","PeriodicalId":325346,"journal":{"name":"Management Research News","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132305393","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2008-12-12DOI: 10.1108/01409170910922041
M. Wynn
Purpose – The purpose of this paper is to further understanding of how information systems (IS) strategy is developed and implemented in small and medium‐sized enterprises (SMEs).Design/methodology/approach – The purpose utilizes eight case studies, each one covering an 18‐24 month time span. Qualitative research based on first‐hand experience (action‐research), interviews, meeting minutes, Board papers, final reports. Earl's model of IS strategy development is used as a framework for assessing strategy development and implementation.Findings – All three approaches identified by Earl are valid, depending on business context. All eight companies have been successful in their IS investment, some showing significant bottom‐line benefits.Research limitations/implications – Shows value of properly managed IS strategy deployment in SMEs. Should encourage SMEs to adopt mid‐ to long‐term approach to IS, linked to business plan. Models for IS strategy development and alignment could be progressed in subsequent res...
{"title":"Information systems strategy development and implementation in SMEs","authors":"M. Wynn","doi":"10.1108/01409170910922041","DOIUrl":"https://doi.org/10.1108/01409170910922041","url":null,"abstract":"Purpose – The purpose of this paper is to further understanding of how information systems (IS) strategy is developed and implemented in small and medium‐sized enterprises (SMEs).Design/methodology/approach – The purpose utilizes eight case studies, each one covering an 18‐24 month time span. Qualitative research based on first‐hand experience (action‐research), interviews, meeting minutes, Board papers, final reports. Earl's model of IS strategy development is used as a framework for assessing strategy development and implementation.Findings – All three approaches identified by Earl are valid, depending on business context. All eight companies have been successful in their IS investment, some showing significant bottom‐line benefits.Research limitations/implications – Shows value of properly managed IS strategy deployment in SMEs. Should encourage SMEs to adopt mid‐ to long‐term approach to IS, linked to business plan. Models for IS strategy development and alignment could be progressed in subsequent res...","PeriodicalId":325346,"journal":{"name":"Management Research News","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134500013","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2008-12-12DOI: 10.1108/01409170910922050
R. Peretiatko
{"title":"International Human Resource Management: Managing People in a Multinational Context (Fifth Edition)","authors":"R. Peretiatko","doi":"10.1108/01409170910922050","DOIUrl":"https://doi.org/10.1108/01409170910922050","url":null,"abstract":"","PeriodicalId":325346,"journal":{"name":"Management Research News","volume":"83 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123122130","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2008-12-12DOI: 10.1108/01409170910922005
E. Neave, Michael N. Ross, Jun Yang
Purpose – The purpose of this paper is to develop new tools to interpret changes in risk neutral probability distributions (RNPDs). It distinguishes between changes attributable to upside potential and those attributable to downside risk, and shows that the distinction is supported empirically.Design/methodology/approach – This paper estimates pricing kernels and RNPDs from option price data, then studies the expected excess returns on a fixed‐strategy reference portfolio composed of the claims defined by the RNPDs. The portfolio is disaggregated so that realized returns can be expressed as a value‐weighted average of returns to upside (investment) and downside (insurance) sub‐portfolios, respectively. An upside sub‐portfolio can be interpreted as defining payoffs to a call option, a downside sub‐portfolio as payoffs to a short put position.Findings – Empirical results indicate that the realized excess returns on the reference portfolios are significantly and negatively related to both S&P index growth an...
{"title":"Distinguishing upside potential from downside risk","authors":"E. Neave, Michael N. Ross, Jun Yang","doi":"10.1108/01409170910922005","DOIUrl":"https://doi.org/10.1108/01409170910922005","url":null,"abstract":"Purpose – The purpose of this paper is to develop new tools to interpret changes in risk neutral probability distributions (RNPDs). It distinguishes between changes attributable to upside potential and those attributable to downside risk, and shows that the distinction is supported empirically.Design/methodology/approach – This paper estimates pricing kernels and RNPDs from option price data, then studies the expected excess returns on a fixed‐strategy reference portfolio composed of the claims defined by the RNPDs. The portfolio is disaggregated so that realized returns can be expressed as a value‐weighted average of returns to upside (investment) and downside (insurance) sub‐portfolios, respectively. An upside sub‐portfolio can be interpreted as defining payoffs to a call option, a downside sub‐portfolio as payoffs to a short put position.Findings – Empirical results indicate that the realized excess returns on the reference portfolios are significantly and negatively related to both S&P index growth an...","PeriodicalId":325346,"journal":{"name":"Management Research News","volume":"126 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128217560","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2008-12-12DOI: 10.1108/01409170910922032
M. M. Veiga
Purpose – The purpose of this paper is to examine the flaws of the take‐back program for empty pesticide containers implemented by the Brazilian chemical industry, which despite its overall success, is not working in the selected small rural community.Design/methodology/approach – This is an exploratory single‐case study indicating that the outcome of the Brazilian take‐back program still requires clarification.Findings – The Brazilian take‐back program for pesticide containers targets large rural communities where economies of scale can operate. It is not possible to use the same reverse logistics strategy for both large and small rural communities.Research limitations/implications – Despite the fact that this exploratory single‐case study might not be generalized to other small rural communities without further research; it indicated some implications for the development of other take‐back programs.Originality/value – The paper shows that an efficient take‐back program for pesticide containers should be...
{"title":"Flaws in Brazilian take‐back program for pesticide containers in a small rural community","authors":"M. M. Veiga","doi":"10.1108/01409170910922032","DOIUrl":"https://doi.org/10.1108/01409170910922032","url":null,"abstract":"Purpose – The purpose of this paper is to examine the flaws of the take‐back program for empty pesticide containers implemented by the Brazilian chemical industry, which despite its overall success, is not working in the selected small rural community.Design/methodology/approach – This is an exploratory single‐case study indicating that the outcome of the Brazilian take‐back program still requires clarification.Findings – The Brazilian take‐back program for pesticide containers targets large rural communities where economies of scale can operate. It is not possible to use the same reverse logistics strategy for both large and small rural communities.Research limitations/implications – Despite the fact that this exploratory single‐case study might not be generalized to other small rural communities without further research; it indicated some implications for the development of other take‐back programs.Originality/value – The paper shows that an efficient take‐back program for pesticide containers should be...","PeriodicalId":325346,"journal":{"name":"Management Research News","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130333006","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2008-10-03DOI: 10.1108/01409170810920620
Xiaofeng Du, Amory N. Li
Purpose – The purpose of this paper is to propose a comprehensive approach to the valuation of an infrastructure concession right and quantitative risk management projects in the People's Republic of China.Design/methodology/approach – The paper outlines a methodology, incorporating an economic model to appraise the dynamic value and risk of concession investment in the context of the design of concession contracts.Findings – The framework of the study simulates the present value of net cash flow and identifies probability with different parameters in concession contracts as a way to establish a correlation between parameters and net present value distribution. Moreover, the paper uses the technique of value‐at‐risk to set up an economic model to appraise the dynamic value and risk of a concession investment and analyse the key issues in the concession contracts design phase.Research limitations/implications – It is difficult to estimate precisely the distribution of parameters in the model. In particular...
{"title":"Monte Carlo simulation and a value‐at‐risk of concessionary project","authors":"Xiaofeng Du, Amory N. Li","doi":"10.1108/01409170810920620","DOIUrl":"https://doi.org/10.1108/01409170810920620","url":null,"abstract":"Purpose – The purpose of this paper is to propose a comprehensive approach to the valuation of an infrastructure concession right and quantitative risk management projects in the People's Republic of China.Design/methodology/approach – The paper outlines a methodology, incorporating an economic model to appraise the dynamic value and risk of concession investment in the context of the design of concession contracts.Findings – The framework of the study simulates the present value of net cash flow and identifies probability with different parameters in concession contracts as a way to establish a correlation between parameters and net present value distribution. Moreover, the paper uses the technique of value‐at‐risk to set up an economic model to appraise the dynamic value and risk of a concession investment and analyse the key issues in the concession contracts design phase.Research limitations/implications – It is difficult to estimate precisely the distribution of parameters in the model. In particular...","PeriodicalId":325346,"journal":{"name":"Management Research News","volume":"98 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123863385","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2008-10-03DOI: 10.1108/01409170810920666
Junjie Wu, Jin Song, Catherine Zeng
Purpose – The purpose of this paper is to provide empirical quantitative evidence concerning small business financing in China and highlight the financing problems faced by small to medium‐sized enterprises (SMEs) in developing their businesses.Design/methodology/approach – A semi‐structured questionnaire survey was conducted to collect data from a sample of 60 small businesses in three cities in China. Descriptive methods and the SPSS statistical software package were used to analyse the data and interpret the results.Findings – The data gathered covered current topic in research including the capital structure of SMEs at start‐up, the types and extent of funding shortage, the preference of financial resources as SMEs grow, the significant factors, which help SMEs secure bank loans and the influence of a firm's size, age and the like. The findings generally support financial theories and previous studies about SMEs but also offer the basis for new arguments about financing SMEs in China.Research limitati...
{"title":"An empirical evidence of small business financing in China","authors":"Junjie Wu, Jin Song, Catherine Zeng","doi":"10.1108/01409170810920666","DOIUrl":"https://doi.org/10.1108/01409170810920666","url":null,"abstract":"Purpose – The purpose of this paper is to provide empirical quantitative evidence concerning small business financing in China and highlight the financing problems faced by small to medium‐sized enterprises (SMEs) in developing their businesses.Design/methodology/approach – A semi‐structured questionnaire survey was conducted to collect data from a sample of 60 small businesses in three cities in China. Descriptive methods and the SPSS statistical software package were used to analyse the data and interpret the results.Findings – The data gathered covered current topic in research including the capital structure of SMEs at start‐up, the types and extent of funding shortage, the preference of financial resources as SMEs grow, the significant factors, which help SMEs secure bank loans and the influence of a firm's size, age and the like. The findings generally support financial theories and previous studies about SMEs but also offer the basis for new arguments about financing SMEs in China.Research limitati...","PeriodicalId":325346,"journal":{"name":"Management Research News","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117314505","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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