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1.
Juho Kanniainen 《Review of Managerial Science》2010,4(1):7-32
The starting point of this paper is twofold. First, managers are often undiversified. Second, an increase in systematic risk
could increase the market’s discount rate and consequently effect a contemporaneous change in the underlying stock’s market
price. The paper makes comparative static analyses of these circumstances by using Meulbroek’s (Financ Manag 30:5–44, 2001) executive stock option model together with the dividend discount model, and shows that options do not provide incentive
to increase the proportion of systematic risk to firm-specific risk, as commonly argued. The paper also demonstrates that
the option’s value to the manager can be monotone decreasing, but may also show an inverted U-shape with respect to firm-specific
risk. The option’s value exhibits a similar pattern against the total risk. In addition, the study finds that total risk incentives
may under some conditions lower the shareholder value; executive options may thus encourage managers to act against principals’
interests. 相似文献
2.
This paper introduces a literature review of 83 studies dealing with the degree of adoption of lean manufacturing practices around the world, and the links between those practices and organisation performance. The results of this study revealed that lean practices application still occurs in a fragmented way, disregarding the systemic linkage that is essential to lean manufacturing. Forty-one articles have suggested a positive effect of lean practices in at least one operational, financial and/or environmental performance metric. Nevertheless, five studies indicated that some lean practices had a negative effect on operational or financial performance. High demand variability, a perceived result of long-term lean manufacturing implementation, a country/company’s organisational culture and the difficulty of traditional costing production systems to measure and compare investments and economic gains from adopting lean manufacturing over time are some of the reasons to explain that negative effect of lean practice on performance. 相似文献
3.
A normal and healthy rural financial system for the rural economy sustained and rapid development has an important role in safeguarding . Despite years of reform of rural finance system has made signif... 相似文献
4.
Review of Managerial Science - Executing management control across borders is crucial for multinational companies (MNCs). Various management control mechanisms serve to align foreign subsidiaries... 相似文献
5.
AbstractThis paper summarizes the results of a comprehensive systematic literature survey on the front-end of a project, commissioned by the Project Management Institute. The dedicated literature on the front-end is sparse: although the front-end has been shown to be critical to the strategic success of the project, this phase of the lifecycle is not well understood. This paper presents the literature on the concept of the front-end, and defines a temporarily ordered structure of generic processes that form the ‘front-end’ and how these fit together as a coherent whole. These start from the preliminaries to the initiative, then the project purpose (for various stakeholders), the initial analysis and scenario analysis; the analysis of alternatives and choice of project concept; assessment of the project, finishing with setting up project execution. It summarises the recent literature at each of these elements in turn, specifically as they relate to the front-end. 相似文献
6.
Lea E. Waters 《国际管理评论杂志》2000,2(2):169-182
This paper reviews the unemployment literature with a view to identifying a new way of modelling the process of coping with unemployment. The review shows that early models of coping adopted a trait-based approach, which viewed coping as a stable, transcending disposition of the person and, therefore, failed to consider the range of coping responses that people use during unemployment. The use of state-based approaches to coping, in more recent research, has overcome this problem. However, the newer models still assess coping via discrete, linear relationships and have focused primarily on the obtainment of re-employment rather than promotion of psychological health during unemployment. In an attempt to overcome these problems, the 'Coping, Psychological and Employment Status' (CoPES) model is presented in the current paper. This new and comprehensive model illustrates the non-recursive relationships between stressors, cognitive appraisals, coping efforts and psychological health during unemployment. The CoPES model also depicts the relationship between coping, psychological health and re-employment. This model provides a more integrated approach to coping with unemployment and allows for the examination of new relationships. The CoPES model, applied within Ipsative-Normative designs and assessed using quantitative and qualitative techniques, will make a significant contribution to research conducted into unemployment. 相似文献
7.
Review of Managerial Science - Succession is one of the most discussed topics in family business research. However, despite the changing professional and family roles of women and the growing... 相似文献
8.
David Buchanan Louise Fitzgerald Diane Ketley Rose Gollop Jane Louise Jones Sharon Saint Lamont Annette Neath Elaine Whitby 《国际管理评论杂志》2005,7(3):189-205
Why do some organizational changes persist, while others decay? The sustainability of change can be defined broadly as the process through which new working methods, performance goals and improvement trajectories are maintained for a period appropriate to a given context. However, sustainability has received limited attention, although the concept reflects Lewin's concern with ‘refreezing’ ( Lewin. K. 1951 . Field Theory in Social Science: Selected Theoretical Papers by Kurt Lewin, UK edition published 1952, ed. D. Cartwright, London: Tavistock). In an uncertain environment, working practices that fail to adapt are targets for change, and stability has been regarded not as a condition to be achieved, but as a symptom of inertia, a problem to be solved. This paper reviews the emerging literature, seeking to develop a provisional model of the processes influencing change sustainability and decay, as a platform for further research. This review suggests that sustainability is dependent on multiple factors, at different levels of analysis: substantial, individual, managerial, financial, leadership, organizational, cultural, political, processual, contextual and temporal. The relative significance of those factors cannot be determined a priori, raising questions concerning the properties of the sustainability process with regard to different types of change in different contexts. 相似文献
9.
This paper presents a review of the relevant empirical literature on advertising value relevance. The current dominant accounting practice is to treat advertising as a current period expense. There has been growing evidence, however, to suggest that advertising should be viewed as an investment in long‐term brand equity. While the primary focus is on the valuation studies of advertising expenditure, the paper also provides an overview of various other studies that relate advertising to profitability or sales of the firm or industry to investigate the effects of advertising expenditure. As a consequence, it is emphasized that there has been a recent shift to the use of valuation models in exploring the nature of advertising expenditure. Since market value captures both the current and future profitability effects of advertising, valuation models are often seen as a better alternative in exploring the intangible nature of advertising expenditure. It is found that the bulk of evidence on advertising value relevance comes from the US, where there has historically been greater disclosure of advertising expenditure. There appears to be little evidence on this matter in the UK, however. This may largely be attributed to the lack of advertising data availability in the UK. 相似文献
10.
Vagnani Gianluca Gatti Corrado Proietti Luca 《Journal of Management and Governance》2019,23(4):1023-1062
Journal of Management and Governance - Studies on the adoption of innovations in organizations are abundant and have introduced many different factors that are likely to influence adoption... 相似文献
11.
William L. Gardner Claudia C. Cogliser Kelly M. Davis Matthew P. Dickens 《The Leadership Quarterly》2011,22(6):1120-1145
The past decade has seen a dramatic increase in scholarly interest in the topic of authentic leadership. We review this literature with the goal of clarifying the state of knowledge in the field. We begin with a historical overview of the construct's definition and evolution. Next, we present the results of a content analysis of 91 publications that focus on authentic leadership. Specifically, we examined the publication type (theoretical, empirical, and practitioner), contributors (e.g., discipline, nationality, and institutional affiliation), theoretical foundations, research strategies, sample location/type, data collection methods, analytical procedures, and nomological network of authentic leadership. We conclude by presenting an agenda for future research. 相似文献
12.
《European Management Journal》2020,38(3):400-412
This study aims to answer the following research question: how is the resilience of firms defined in the business and management field? In doing so, we answer recent calls for research about a more thorough conceptualisation of the resilience of firms and its definition. We conducted a systematic literature review of 66 selected papers published between 2000 and 2017. By means of inductive content analysis, we analyse the definitions of ‘resilience’ and elaborate a novel conceptual framework that introduces a dynamic perspective on the resilience of firms. The proposed framework overcomes existing definitional fragmentation and raises awareness of the temporal dimension in the conceptualisation of the resilience of firms. We contribute to extant business and management literature on the resilience of firms by proposing a model that articulates two main paths for explaining organisational resilience, i.e. absorptive resilience and adaptive resilience paths. We also identify a set of key capabilities needed to be successfully resilient at the different stages of the two paths. 相似文献
13.
《European Management Journal》2017,35(4):538-547
Consumers are fundamental to organisational functioning and survival. Their loyalty, commitment, product acceptance and good long-term relationships with firms and brands are underpinned by their trust. Unfortunately, over the last decade or so, we have witnessed some of the more spectacular violations of consumer trust in the history of business. This has led to negative consequences, such as loss of competitive advantage, rage, lack of commitment and decrease in turnover. Consequently, study of trust repair has become an important theoretical concern for a growing number of trust scholars. This article reviews and synthesises existing theory and research on the topic. It first sketches general characteristics of the consumer trust repair literature, including its meta-theoretical underpinning. It then identifies specific strategies associated with consumer trust repair and synthesises them into five categories of trust repair strategies. In addition, this paper highlights theoretical processes that explain why/how trust repair strategies work. Third, the paper proposes six fruitful avenues for future research. This study contributes to the field of consumer trust repair research by critically reviewing and synthesising emerging theory and research on strategies associated with consumer trust repair, by showing why and how these strategies work and by identifying most fruitful research areas. 相似文献
14.
《Omega》2017
Hospital material management has been identified as one key cost containment lever to cope with steadily increasing healthcare costs in industrialized countries. The purpose of this work is to present the state-of-the-art of research on material logistics management in hospitals. Particular focus is given to articles that apply quantitative methods. Our contribution is threefold: First, we provide research guidance through categorizing literature and identifying major research streams. Second, we discuss applied methodologies and third, we identify future research directions. A systematic approach is undertaken in order to identify the relevant literature from 1998 to 2014. Applicable publications are categorized thematically and methodologically and future research opportunities are worked out. In total, 145 publications are identified and discussed in this work. The literature is categorized into four streams, i.e., (1) Supply and procurement, (2) Inventory management, (3) Distribution and scheduling, and (4) Holistic supply chain management. The use of optimization techniques is constantly gaining importance. The number of respective publications has continually grown and has peaked over the last three years. Optimization has been successfully applied in research streams (1), (2), and (3). Category (4) comprises a rather qualitative research field of literature dealing with supply chain management issues. 相似文献
15.
To find critical JIT purchasing attributes for manufacturing industry, 56 refereed articles are reviewed. These articles are categorized as conceptual, case and empirical studies. Thirty-four attributes are thus identified. An input-output model is developed to classify these attributes. The inputs to JIT purchasing environment consists of buyer, supplier and joint buyer-supplier actions with 13, six and six attributes, respectively. The interaction between these attributes leads to the JIT purchasing environment. Output of this environment consists of nine attributes. By using the frequency of citation of an attribute as a measure of its importance, consensus is found among conceptual and case studies regarding those attributes of JIT purchasing considered critical. However, many of these attributes have not been investigated empirically, while others have not been rigorously examined. Common supplier evaluation criteria are identified. Benefits and problems with JIT purchasing implementation are discussed. Analysis suggests the need for comprehensive and statistically rigorous empirical studies. 相似文献
16.
17.
《Government publications review》1978,5(2):177-184
Library surveys, citation studies, and user surveys concerned in whole or in part with the use of government publications are examined and their findings compared. While similar use patterns of government publications are found, differences in methodologies make comparison difficult. The author suggests that more attention to prior studies is needed and guidelines for categories of analysis in future studies are advisable. 相似文献
18.
Given the growing number of elderly persons in society and concerns about their health and well-being, the aim was to review the available literature on their death anxiety, and to explore features of this experience among a small sample of older men and women in care facilities. In both the review and empirical parts of this study, components and correlates of death anxiety were investigated. The review revealed limited research focus on death anxiety among the elderly, particularly among those in institutions, but suggested both components and correlates for inclusion in our empirical study. Results showed that, among our elderly participants in an assisted living facility (N = 49; age range: 60-96 years), there were higher levels of fear for others and of the dying process than for fear of the unknown. Notably, among the correlates identified, fear for significant others was associated with poor physical health; fear of the dying process was related to low self-esteem, little purpose in life, and poor mental well-being. Gender differences in death anxiety were found: women showed greater fear for the death of loved ones and for the consequences of their own death on these loved ones, than did men. These patterns are discussed in the light of concerns about the welfare of elderly persons; scientific implications are also considered. 相似文献
19.
共享经济(sharing economy)作为一种新的经济业态,给消费者、企业、共享平台等市场参与主体带来深远影响的同时,也产生若干社会问题.关于共享经济所造成的外部影响,经济与管理学科领域的定量研究成果快速增长,但缺乏系统而全面的梳理.综合整理共享经济现有理论(解析)类和实证类定量文献,从消费者、企业、共享平台与社会这四个视角对共享经济的外部影响进行梳理、归纳及展望,为国内学者展开更深层次的研究提供思路,为企业、平台及政策制定者科学决策提供参考,助力共享经济的理论研究与科学实践. 相似文献
20.
Partitioned pricing (PP) has received increased attention in both managerial practice and academic literature. The fragmented nature of existing research, terminological and conceptual inconsistencies, and ambiguous findings regarding performance implications of PP underscore the need for an organization of the PP literature. This article provides four major contributions to the literature. First, it develops a new definition of PP based on a critical evaluation of the current body of literature and an analysis of key characteristics of the concept. Second, this article discusses the primary theoretical perspectives used to explain PP, which provides insights into the theoretical foundation of the concept and impetus for future studies on PP. Third, this article presents a review of the state-of-the-art in research on PP and provides managers with guidelines about when and how to apply this pricing tactic. Finally, this article identifies overarching limitations of prior PP research and outlines avenues for further research. 相似文献