Clute Institute: Journals
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Deciphering The Seemingly Counter Intuitive Impact Of Firm Innovation On Stock Returns In The Electronics Sector
Full text linkThis paper investigates the impact of firms’ innovative activities on stock returns for firms in the electronics sector. The regression analysis provided counter intuitive result that exploitation and exploration are not significant in explaining stock returns. However, further analysis on firm size revealed that innovation have statistically significant explanatory power in the stock returns of relatively large firms, and the effect was negative and positive for exploitation and exploration, respectively. This is consistent with general expectations. The result implies that equity investors may believe that innovation is important for relatively larger firms only
The Impact of Directors’ External Connections on Their Compensation
Full text linkBased on a large sample of directors, I find that directors’ external connections are positively associated with the level of their compensation, suggesting that directors are compensated for the value they bring to the firm through their external connections. This association holds after controlling for the various factors such as firm and CEO characteristics, board related governance characteristics, directors’ attributes such as experience and education, industry and year fixed effects, used in prior studies. I also find that the association between the components of external connections and compensation is different for different types of directors. Director Compensatio
The Impact Of Leadership And Followership: An Organizational Phenomena
Full text linkAlthough traditional research has viewed leadership and followership as separate functions, recent studies have acknowledged the importance of followership in both the effectiveness and development of leaders. Followership models have emerged suggesting that leaders cannot be effective without having experience as a follower and that leaders and followers share characteristics that when successfully used in concert, can result in the achievement of organizational goals. Several stereotypes of what it means to be a follower inhibit both the development of followers and the willingness of aspiring leaders to assume followership roles. More research on the importance of followership to the health of an organization is necessary to encourage follower development
Business Ethics And The Repayment Of Loans In Small Enterprises
Full text linkThe capacity of small business enterprises to pay back loan money to microfinance agencies is a key determinant of long-term profitability in microfinance agencies (Mayer, Caruso & Salovey, 2016). Ethiopian entrepreneurs who conduct business in South Africa rely heavily on start-up capital raised from social capital schemes (Haile, 2015). The purpose of research was to determine factors that affect the repayment of loan money obtained from social capital schemes. The study points out necessary and sufficient conditions for the repayment of loans. The research found that 84% of the migrant entrepreneurs managed to pay back their loans in time, whereas about 16% of them failed to do the same. By the standards of Mayer et al. (2016), about 71% of respondents had adequate emotional intelligence. By the standards of Sahoo and Lenka (2016), about 72% of migrant entrepreneurs possessed adequate entrepreneurial skills. One key finding of study was that the repayment of loan money to social capital schemes was dependent upon awareness about the relative importance of adhering to business ethics principals, emotional intelligence, and the profitability of businesses. The study shows that the prompt repayment of loan money to social capital schemes, the acknowledgement of business ethics principles, and the possession of adequate emotional intelligence are key attributes of profitable businesses
An Examination On Factors That Influence The Creation Of Economic Value Added To The Professional Teams: Focusing On Korea Baseball Organization (KBO)
Full text linkThe research seeks to derive the economic value added (EVA) of 6 franchises from the Korea Baseball Organization (KBO) and concurrently investigate the revenue components contributing to EVA. EVA is regarded as one of the efficient methods on estimating or assessing corporations’ actual economic benefits. For the procedure, financial statements of domestic professional baseball teams for 3 consecutive years (2016-2018), which were released to the Data Analysis Retrieval and Transfer System (DART) of the Financial Supervisory Service (FSS), were utilized. First, NOPLAT, IC, ROIC, and WACC, which refer to essential elements of estimating the EVA, were calculated respectively. Second, Pearson's correlation analysis was conducted between the EVA and the profit indicated in the income statement of the 6 teams. The results of the study are as follows: In case of Doosan, LG and SK, main business revenues showed the highest correlation with EVA, and Kiwoom and Samsung showed the highest correlation with EVA through the contributing factor of ticket sales revenue. Finally, for Lotte, advertising revenue was highly correlated with bringing EVA to the tea
A Model To Measure Competitiveness In Touristic Companies In Mexico
Full text linkThe objective of this paper is to develop a model that measures competitiveness among tourism businesses in Mexico. To that end, this research consists of three parts: the first refers to the theoretical framework to define the competitiveness of a tourism company and proposes a theoretical business competitiveness model; the second deals with the development of a questionnaire upon the theoretical model; in the third part, the questionnaire and the theoretic model are validated using factor analysis and a competitiveness index, is presented
Evaluating K-16 Student Engagement In STEM-based Drone Racing
Full text linkIncreasing the number of students interested in pursuing careers in STEM, computer science, and technology is of widespread interest to education stakeholders. Yet, despite the tremendous amount of human and fiscal resources directed at increasing the STEM, CS, and CTE career pipelines, numbers are less than satisfying. In a purposeful effort to create a more rapid onramp to high tech careers, the project team implemented a series of competitive, quadcopter drone races for students. In these races, student drone pilots race through a timed obstacle course to determine which pilots navigate the challenge in the shortest amount of time. These events that served as a focal point for motivating students to learn about drone technology, encouraging students to develop precision flight skills, and providing educators both inside and outside of formal classrooms with a foundational structure to increase the quantity and quality of technology education. Assessment of students’ and educators’ perceptions suggest that the developed program provided a low barrier to entry and engagement pathway for students to become more deeply engaged in technology
Positive Influence Of Education Partnerships For Teaching Integrated STEM Through Drone Competition
Full text linkWhile enhancing the STEM career pipeline through improved quality and quantity of STEM teaching available to an ever-widening diversity is K-12 students is garnering significant attention across the U.S., there lacks widely adopted implementation and support models that efficiently make full advantage of the vast human and fiscal resources available. A wide swath of STEM education stake-holding partners—schools, businesses, government agencies, non-profit organizations, and institutions of higher education—frequently are compelled to provide support and guidance but lack easy to follow pathways in order to do so. This research study describes and documents a unique vehicle to bring often disparate partners to a unified effort under the banner of drone education designed to improve STEM and technology-oriented career pathways. Identified barriers that the collaborative partnership helped overcome to ensure success include providing: modest start-up costs for modern high-tech equipment for participating schools (drones); an infrastructure for leveraging the consistently successful approach to providing regional and statewide competitive events (precision drone flight and knowledge competitions); large-scale buildings and facilities to host competitive festivals and events (e.g., indoor sports stadiums); and K-12 teacher professional development programs along with classroom-ready instructional materials needed to nurture and sustain student drone education programs
Use Of Formative Assessment-Based Active Learning By Astronomy Educators Teaching In Live Planetarium Learning Environments
Full text linkPlanetariums were created to teach astronomy by simulating motions of the star-filled night sky; however, simply having a virtual reality facility to immerse learners beneath a projected night sky in and of itself is insufficient to automatically ensure student learning occurs. Modern teaching strategies, like active learning, have consistently shown to move students toward deeper understanding in classrooms; yet, active learning approaches seem to be only rarely observed in planetariums. Use of Ruiz-Primo and Furtak’s (2006) coding scheme to define and analyze formative assessment conversations between classroom teachers and students reveals that unless teachers are formally taught how to use formative assessment-based active learning, such approaches are largely absent in classrooms studied. The goal of this 2-phase study was to evaluate the nature of active learning-based formative assessment conversation cycles in the planetarium. The first phase systematically analyzes 26 recordings of live planetarium programs to describe and document presence of active learning teaching strategies. The second phase conducts interviews to determine rewards and barriers to using formative assessment-based active learning in the planetarium. Analysis suggests scant evidence of complete formative assessment conversation cycles, despite that varying degrees of interactivity between the planetarium lecturer and the audience do exist. It is not that planetariansdon’t ask questions, but responses rarely serve to systematically guide instructional decisions aligned with modern pedagogy. Moreover, these planetarians hold a wide range of definitions of what constitutes active learning and often view their primary responsibility as inspiration rather than education, lending explanatory power to why active learning is largely absent
Relational Leadership Within Business Partnerships In India: A Process Framework
Full text linkInter-organizational partnerships are an essential mechanism for corporations to access resources, particularly in emerging markets. This study is concerned with the steps relating to how multinational corporations in India create, develop, and evaluate their partnerships based on relationships. In the context of business-to-business partnerships, the researchers aim to (i) create a relational leadership process framework for how these relationships are built, and (ii) analyze if relational governance through relational leadership is complementary or rather a substitute to formal contracts in the context of such business-to-business partnerships. A case study-based research design is employed to explore relational leadership in business partnerships in India, thereby incorporating case studies based on interviews from nine internationally operating corporations. A process framework for relational leadership with six distinct steps on how to develop business partnerships in India was developed. Furthermore, the researchers found that the framework complements the relational governance processes supported by relational leadership and formal contracts when engaging in business partnerships in India. The study’s main aim was to contribute to the current theory in the emergent field of relational leadership. Practitioners responsible for partnership building among corporations can gain insights from the framework into the application of relational leadership. The results indicate that corporations can maintain long-term partnerships if specific relational governance mechanisms mainly supported by the application of relational leadership are in place