Is Stakeholder Corporate Governance Appropriate in Russia?

Journal of Management and Governance - Alternative forms of disciplining the actionsof senior enterprise managers can becharacterized as shareholder or stakeholdergovernance. This paper analyzes...     

Corporate Management,Industry Competition and the Sustainability of Firm Abnormal Profitability

This paper models the sustainability of firmabnormal profitability and uses theeffectiveness of corporate managementcapabilities as a test to examine its impact onthe sustainability of firm abnormalprofitability. The role of industry competitionas a moderator between the effectiveness ofcorporate management capabilities and thesustainability of firm abnormal profitabilityis also examined. Consistent with theresource-based view of the firm, we found thatthe effectiveness of corporate managementcapabilities positively influence thesustainability of firm abnormal profitability.This implies that corporate managementcapabilities are important contributors to theentire bundle of firm-specific resources andcapabilities which enable some firms togenerate competitive advantages that aresustainable. The effectiveness of corporatemanagement capabilities has a larger influenceon the sustainability of firm abnormalprofitability for firms in lowly competitive ormonopolistic industries than firms in highlycompetitive industries. The findings supportthe notion that not only do firm capabilitiesyield sustainable competitive advantages andabnormal profitability, but also industrycompetition reinforces the impact of firmcapabilities in yielding sustainable abnormalprofitability.     

CEO Reciprocal Interlocks in French Corporations

In France the chairperson of the board is mostoften the firm's CEO. This position strengthensthe insiders' hold on the board of directors.Moreover, a large fraction of outside directorsis composed of CEOs of other firms. Thereciprocal interlocking of CEOs creates the possibility of mutual interdependence of CEOs.We investigate factors explaining reciprocalinterlocking directorates of CEOs in Frenchcorporations. Our results indicate that CEOs oflarger firms hold more reciprocal CEOinterlocks and when CEOs have more outsidedirectorships, CEOs hold more reciprocalrelationships. We also find a positiverelationship between the number of CEOsreciprocal interlocks and their firms'performance measured by ROA. We find evidencethat CEOs hold more reciprocal interlocks whena blockholder is present on the CEO's board.     

The impact of supply chain management practices on competitive advantage and organizational performance

Effective supply chain management (SCM) has become a potentially valuable way of securing competitive advantage and improving organizational performance since competition is no longer between organizations, but among supply chains. This research conceptualizes and develops five dimensions of SCM practice (strategic supplier partnership, customer relationship, level of information sharing, quality of information sharing, and postponement) and tests the relationships between SCM practices, competitive advantage, and organizational performance. Data for the study were collected from 196 organizations and the relationships proposed in the framework were tested using structural equation modeling. The results indicate that higher levels of SCM practice can lead to enhanced competitive advantage and improved organizational performance. Also, competitive advantage can have a direct, positive impact on organizational performance.     

基于行为金融的开放式基金绩效评价模型

考虑决策者的有限理性,在行为金融范式下研究了开放式基金绩效评价问题.利用相对财富和习惯形成效用函数,描述了开放式基金管理者的投资组合决策行为;引入均值-熵度量开放式基金风险,建立了一种行为证券组合模型;以此为内核,研究提出了B-Morningstar风险评价模型;应用模拟分析结果表明,基于行为金融的B-Morningstar模型能够有效逼近其实际绩效水平.     

知识整合、组织创新与组织绩效：华南地区企业的实证研究

主要探讨企业知识整合、组织创新与组织绩效之间的关系,并选择我国华南地区的142家企业为样本进行实证研究。理论贡献在于证实了上述变量之间的影响路径,即知识整合可以通过技术创新来提升组织绩效,也可以通过管理创新来提升组织绩效,知识整合提升组织绩效的另外一条路径是知识整合→技术创新→管理创新→组织绩效。     

组织成员绩效结构理论研究述评

在过去的许多年,对工作绩效的研究出现了许多问题,不断重复的实证研究以及在工作绩效结构研究方面的混乱状态引起了学者们的严厉批评.这方面的研究主要包括组织公民行为、亲社会组织行为、关系绩效和任务绩效、角色行为和角色外行为以及任务绩效和非任务绩效.正是这些理论导致我们对工作绩效范围的重新思考.继续将非任务绩效看作是超越工作范畴或正式系统的非报酬行为是没有益处的.文章对组织成员行为绩效的主要成果给予介绍和评价,其主要目的是综合国内外现存文献,以便于将来学者们研究.     

供应链绩效评价指标体系与评价方法研究

供应链管理(SCM)与现行企业模式有较大区别,其绩效评价指标体系的建立与评价方法也就有其特殊性,目前这方面的研究还略显不足。本文在综合分析现有的SCM评价指标体系的基础上,初步建立了一套适合我国SCM绩效评价的指标体系。同时,给出了SCM绩效评价的多级动态模糊综合评价方法。     

差异性、相似性和受教育背景对高层管理团队影响的国外研究综述

高层管理团队成员组成的差异性、相似性及其成员的受教育背景以不同的方式影响着它的绩效。国外关于这些特征对高层管理团队绩效的影响已经作了大量的研究,而国内目前尚没有相关研究。本文综述国外关于高层管理团队成员组成的差异性、相似性及其成员的受教育背景对其绩效的影响的相关研究和结论。     

Pipage Rounding: A New Method of Constructing Algorithms with Proven Performance Guarantee

The paper presents a general method of designing constant-factor approximation algorithms for some discrete optimization problems with assignment-type constraints. The core of the method is a simple deterministic procedure of rounding of linear relaxations (referred to as pipage rounding). With the help of the method we design approximation algorithms with better performance guarantees for some well-known problems including MAXIMUM COVERAGE, MAX CUT with given sizes of parts and some of their generalizations.