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Implementing A Business Intelligence (BI)/Corporate Performance Management (CPM) Solution: Challenges Faced By A Major National Retailer
Get PDFBased on actual events, this case is concerned with the practical and managerial challenges associated with analyzing, designing and implementing a Business Intelligence (BI) / Corporate Performance Management (CPM)information technology solution in a large national retailer. Secondary issues examined include strategy, project management and conflict resolution. This case is appropriate for upper-level undergraduate and masters-level graduate courses in information technology, accounting information systems and project management. It is designed to be taught in about one class hour, and requires four to six hours of outside preparation by students.
The Impact Of Oil Production On Economic Growth In OPEC Countries: Evidence From The Panel Approach
Get PDFThis paper examines the causal relationship between oil production and economic growth in the Organization of the Petroleum Exporting Countries OPEC: Algeria, Angola, Ecuador, Islamic Republic of Iran, Iraq, Nigeria, Qatar, Saudi Arabia, UAE, and Venezuela, with annual time series data, from 1994 to 2013. A panel cointeration approach is suitable technique to examine oil production -economic growth nexus. Empirical results show that oil production variable and economic growth are cointegrated for these countries. Furthermore, we find by FMOLS approach and PMG model that for the panel as a whole there are statistically significant feedback effects between these variables which supports the energy conservation policies as a policymaker
Does Non-Audit Service Compromise Audit Quality?
Get PDFThis paper investigates the relationships between non-audit services, audit fee, audit hours and accounting quality. Previous studies have not provided consistent results for how simultaneous provision of audit and non-audit services by an independent auditor to a client company affects the audit quality. In addition, further studies have identified endogeneity in research method as the primary reason. Therefore, this study analyzed audit quality comprehensively using empirical analysis on data specific to Korea. This study employs research methods contrasting with existing studies in order to present a solution for the controversy related to the endogeneity from the effects of non-audit service provided by an independent auditor on audit quality. This study used audit compensation and abnormal accruals variables simultaneously, and audit time variable includes empirical data from Korean clients for comprehensive analysis. Study results found that the non-audit service significantly affects audit service quality before controlling for endogeneity. However, after controlling for endogeneity, even when the same independent auditor provides audit and non-audit services together, it did not affect the accounting quality.
The Non-Linear Relationship Between CEO Compensation Incentives And Corporate Tax Avoidance
Get PDFThis study examines the effect of CEO compensation incentives on corporate tax avoidance. Unlike prior literature that assumes a monotonic relation between executive compensation incentives and tax avoidance, we find a non-linear relation between the two. Specifically, we find that CEO compensation incentives exhibit a positive relation with corporate tax avoidance at low levels of compensation incentives, whereas they show a negative relation at high levels of compensation incentives. We further find that the non-linear relationship between CEO compensation incentives and corporate tax avoidance does not exist for the subsample of S&P500 firms. Collectively, we provide evidence of the two counter effective forces, namely, - the incentive alignment effect and the risk-reducing effect, - that help explain the effect of CEO compensation incentives on tax avoidance
Earnings Management Of Mergers And Acquisitions Of Target Candidates And Deal Withdrawn
Get PDFIn this paper, we investigate the tendencies of target candidate companies to manage earnings, which affects financial reporting quality, in order to increase transaction value, and the withdrawal of deals as a result of low financial reporting quality in M&A in a sample of 316 mergers and acquisitions in South Korea between 2002 and 2011. Using the accruals quality measure developed by Dechow and Dichev (2002) as a proxy for financial reporting quality, we find the following. First, the financial reporting quality of target candidate firms is lower than that of non-target candidate firms because target candidate firms engage in earnings management prior to M&A. Second, low-quality financial reporting of target firms is positively related to the likelihood of deal withdrawal as a result of poor financial reporting quality
Post-Entry On-going Organizational Changes in Core Activities of Foreign Subsidiaries and Firm Survival
Get PDFBy applying conventional organizational adaptation theory, this study explores the relationship between post-entry on-going organizational changes in core areas of foreign subsidiaries, such as investment amount, ownership, and product, and the subsequent survival of such subsidiaries in a host country. This study further investigates the relative importance of subsidiary’s organizational change in core areas. For these research questions, this study employs a sample of 2,582 foreign direct investment cases by Korean textile firms. The findings show that a foreign subsidiary’s post-entry ongoing organizational changes in the core areas are negatively associated with its mortality rate. However, we carefully qualify this result: ongoing changes in investment amount and product areas help reduce the mortality rate, whereas changes in ownership do not.
Airline Booking Limit Competition Game Under Differentiated Fare Structure
Get PDFWe address a two-firm booking limit competition game in the airline industry. We assume aggregate common demand, and differentiated ticket fare and capacity, to make this study more realistic. A game theoretic approach is used to analyze the competition game. The optimal booking limits and the best response functions are derived. We show the existence of a pure Nash equilibrium and provide the closed-form equilibrium solution. The location of the Nash equilibrium depends on the relative magnitude of the ratios of the full and discount fares. We also show that the sum of the booking limits of the two firms remains the same regardless of the initial allocation proportion of the demand
Using Action Research To Identify Unexpected Factors Affecting CRM Implementation
Get PDFNo action research has been conducted regarding the status of CRM implementation in the public institution sector. This study aims to identify rare or unexpected contextual, organizational, and individual factors behind the CRM implementation at a state SBDC. For this purpose, interview data was collected from 19 consultants of the state SBDC. Surprisingly this CRM implementation is considered particularly successful even though it involved only internal user participation for the individual factors. To be successful, CRM implementation must involve internal and external user participation. Our findings about internal user participation contradict the previous research. During the progression of the qualitative analysis, other rare or unexpected factors to the CRM implementation literature were found. These are: accreditation review pressure for the contextual factors and legal and licensing agreement feasibility for the organizational factors.
How Do Biotech Cluster Firms Catch Knowledge Spillovers? The Strong Impact Of The Institutional Mechanisms
Get PDFThis paper deals with the nature of the mechanisms supporting knowledge spillovers diffusion in high-tech clusters. The literature in the geography of innovation focuses on the existence of local knowledge spillovers, which are enhanced by geographic and technological proximity. However, the mechanisms explaining the diffusion of spillovers are not well understood. If knowledge spillovers exist, how does this knowledge diffuse among the actors? Do spillovers spread in the air, as suggested by Marshall? Or, are there mechanisms that explain their dissemination?
Based on a firm survey data base and an original methodology, the paper explores the determinants of knowledge spillovers. The paper has twofold purposes; the first one is to determine the main mechanisms within a region enabling the diffusion of spillovers. The second objective is measuring the impact of these main mechanisms on firm’s innovation performance, indicating which of these mechanisms are more effective in transporting knowledge spillovers between agents. The results show new empirical evidences on the role played by institutions[1] in the dissemination of externalities. However, informal mechanisms, such as face-to-face contacts commonly stressed in the literature, have no significant and negative effects in this case.
[1] Institutions are defined here as a kind of structures that matter in structuring social interactions (Hogdson, 2006). Institutions can enable or constraint choices and actions. So it can enhance agent behaviors and actions that otherwise would not exist. According to this definition, formal institutions supporting R&D and innovation activities of SMEs in the biotech industry can enable or constraint actions of these firms regarding accessibility to critical resources available in a given region such as knowledge, information, finance, etc. Finally, we can assume that Institutions structures can explain variation in regional innovation performance
Earnings And Job Satisfaction Of US Science And Engineering Baccalaureate Recipients With Advanced Degrees
Get PDFUsing 2003 US data, this paper examines job satisfaction and economic returns to science and engineering (STEM) baccalaureate recipients who obtain STEM PhDs or professional degrees in the fields of law, MBA, medicine, and MS engineering. The salient finding of this research is that the future STEM PhD supply will largely be determined by the availability of tenured academic positions. Despite inferior economic returns, job satisfaction for STEM PhD recipients significantly exceeds that of other professional degree recipients except for medicine. Superior job satisfaction for STEM PhDs results almost entirely from employment in tenured academic positions. 55 percent of STEM PhDs working outside the academic sector have similar job satisfaction compared to professional degree recipients but without the economic rewards. This analysis further suggests STEM PhDs would not have higher job satisfaction if they had completed degrees in medicine or law instead of PhDs. The policy to increase STEM PhD employment in the US economy has focused on supply. The findings of this paper indicate that a demand-side focus may be a more effective policy and that the future STEM PhD supply will be largely driven by the availability of full-time tenure-track academic job openings.