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692 research outputs found
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Learning the wealth effects from equity carve-outs
No full textInternational audienceWe investigate how the market can provide early signals about the eventual effects of an equity carve-out on the wealth of parent firm shareholders. Using a sample of equity carve-outs from 1985–2015, we show that most wealth information regarding the IPO valuation of a subsidiary is observable in the share returns of the parent firm during the book-building period. Our study therefore adds timing and process understanding to existing studies showing a wealth impact of equity carve-outs on parent company shareholders
The prediction of future cash flows based on operating cash flows, earnings and accruals in the French context
No full textInternational audienceThis study investigates the aptitudes of the cash-based and accrual-based accounting data for predicting future cash flows from operations in the French context. In addition, our paper aims to investigate the effect of the economic crisis on the prediction of future cash flow. The sample consists of 61 non-financial French listed companies, using annual data over the period 1999–2016. The study found that, regardless of the period, the model based on the operating cash flows combined with disaggregate accruals has a stronger explanatory power for predicting future operating cash flows, compared to both earnings and operating cash flows combined with the aggregate accruals models. Moreover, our results show that the aggregation of earnings falsifies the contribution of each accrual item and, as a result, the decomposition of earnings into cash flows and disaggregate accrual enables a much more accurate explanation of future operating cash flows
Factors Influencing Students’ Decision to Drop Out of Online Courses in Brazil
No full textInternational audienceIn recent years, e-learning has been the fastest growing educational form in students' numbers, and this industry's market revenue (Lee, Choi, &Kim, 2013).Despite this growth, concern about the significantly higher student dropout rate of students in online courses as compared with conventional learning environments has increased. Brazil has also registered a significant increase in the number of students interested in this type of education, but the dropout rate is a considerable concern to institutions.This study’s objective was to identify the relevant variables behind online students’ dropout decision in Brazil. After a literature review that determined the ten most recurrent and relevant variables, we heard professional e-learning experts. They indicated, from their standpoint, what the most pertinent variables influencing dropout would be. Based on this, we conducted a quantitative survey with e-learning students, considering the factors indicated in the literature on this subject and educational professionals’ indications.This study's contribution was to verify that the quality support is extraordinarily relevant and has a high correlation with students' perception of Usefulness, the quality of Course Content, and ease of System Use
A Data Envelopment Analysis Method for Finding Robust and Cost-Efficient Schedules in Multimode Projects
No full textInternational audienceThe execution of industrial projects is subject to uncertainties that cause deviations from the designated project schedules. Therefore, it is desired to generate robust schedules in the sense of being insensitive to project disruptions, such as deviations in activity durations. Beyond that, efficient schedules that offer high robustness at a low cost are preferred. This paper focuses on the discrete time-cost tradeoff problem and develops a new method for identifying and ranking efficient schedules. First, a large schedule pool with robust schedules is generated. Efficient schedules are then identified and ranked by applying data envelopment analysis (DEA) with a particular super-efficiency model. An extensive evaluation based on a project testbed and an example construction project shows that the proposed method finds and ranks efficient schedules, that can be suitably presented to a project manager for decision support
Manipulating Temporal Cues and Message Concreteness for Deal Communication
No full textInternational audienceOnline merchants often use social media to communicate deal messages to directed consumers, but they face the fundamental challenge of how to effectively communicate deal messages to these consumers using that medium. This research seeks to address this challenge by building on the construal level theory to theorize that consumers' purchase intentions in response to the products promoted via social media communication are affected by the concreteness of promotion messages and its interaction with message promotional time and deal expiration time. A between-subject experiment was conducted, and the findings suggest that concrete messages lead to higher purchase intentions. Through interacting message concreteness, message promotional time and deal expiration time, we show that the congruency of a concrete message with either, but not both, temporal cue lead to higher purchase intention. This study thus provides theoretically grounded insights on how to better communicate deal information on microblogging sites
Analysing pro-poor innovation acceptance by income segments
No full textInternational audiencePurpose To enhance the understanding of the moderating influence of different bottom of the pyramid (BOP) income segments on the antecedents of pro-poor innovation acceptance. Design/methodology/approach In this study, 320 BOP consumers with a range of low-to-moderate literacy and low-income levels were used as a convenience non-probability sample for undertaking quantitative analyses. Findings Only the influence of perceived usefulness on intention is moderated by income segments, such that the effect will be stronger for low-income BOP segment. Moreover, the influences of relative advantage, compatibility and observability on intention are moderated by income segments. Practical implications This empirical work has considerable private sector and public policy implications for companies and government designing/selling products for millions of poor people in developing and emerging economies. Originality/value This study contributes originally to knowledge in the subject area as there are very few studies that clearly and systematically analyse the key antecedents influencing the adoption intention of pro-poor technological innovations in the BOP market
Is international tax competition only about taxes? A market-based perspective
No full textInternational audienceThis paper revisits tax competition among governments for foreign direct investment (FDI) by considering the role played by the economic dynamism of competitors on the setting of corporate tax rates (CTRs). Using a database with worldwide coverage over the period 1995–2014, we find that strong growth performance of neighbouring countries is associated with a lower CTR, especially in developed countries. This spatial effect is particularly manifest if competing countries are large and open to capital flows. These results appear to hold in most regions of the world and suggest that governments perceive foreign economic dynamism as a threat, leading them to reduce their CTRs to maintain their FDI attractiveness
Impact of IT integration on the firm’s knowledge absorption and desorption
No full textInternational audienceThis paper examines the impact of the integration of IT systems with other organizations (IT integration) on the knowledge absorption and desorption of the focal firm. We ran an empirical study in Spain and found that IT integration enables the firm to absorb and desorb knowledge with other organizations, which in turn improves firm performance. This research provides two key contributions to the IS discipline: 1) We introduce the concept of desorptive capacity in the IS research and provide a scale for its measure, 2) we provide a theory of IT integration impact on the firm’s knowledge absorption and desorption
Overview of environmental management in an emerging market
No full textInternational audienceEnterprise strategic orientations influence environmental management, and external environmental characteristics moderate this relationship. Enterprise strategic orientations include policy orientation and market orientation, and external environmental characteristics contain system integrity and industrial competitiveness. Both the policy factors and market factors are important considerations for an enterprise's strategic choice and environmental management activities. System integrity shows no significant negative regulating function on the policy orientation of environmental management relationships, while industrial competitiveness plays a remarkably positive regulating role in the market orientation environmental management
Capacity building for transnationalisation of higher education
No full textInternational audienceTransnationalism and transnational concept are extensively researched in many social science areas; however, transnational management and transnational marketing is relatively a less explored research domain. Also, knowledge management for transnational education (TNE) marketing is not well-researched. Capacity building is an established research-stream, with a key focus on socio-economic and ecologicaldevelopment; however, prior research on capacity building from the context of TNE’s knowledge management and marketing is scarce. The purpose of this study is to analyse TNE marketing mix, to understand the influence of transnational stakeholders’ causal scope(s) on knowledge management in TNE to uphold their transnatioalisation processes through capacity building in TNEs’ marketing management