1,721,169 research outputs found
Online_Appendix – Supplemental material for “Success by Association”: The Impact of Venture Capital Firm Reputation Trend on Initial Public Offering Valuations
No full textSupplemental material, Online_Appendix for “Success by Association”: The Impact of Venture Capital Firm Reputation Trend on Initial Public Offering Valuations by Salim Chahine, Igor Filatotchev, Garry D. Bruton and Mike Wright in Journal of Management</p
Ownership structure and development of Polish life insurance companies - evidence from 1991 to 2004
No full textThe main aim of this paper is to demonstrate the relationship between changes in the ownership structure and the development of life insurance companies in Poland. The simple regression model is used to reveal the relation. The findings of this study, that the solvency ratio, overall indebtedness ratio, premiums retention ratio and profitability ratio on technical activity and sales are positively related with the changes in the share of foreign capital and especially that the claims ratio is negatively related, suggest that foreign investments have greatly influenced the development of the life insurance industry in Poland during the transition period
Exporters to countries that value CEO power will have more powerful CEOs
No full textWhen in Rome, look like Caesar: legitimacy in the eyes of the customers is important, write Ryan Krause, Igor Filatotchev and Garry Bruto
Corporate Governance, Managers’ Independence, Exporting And Performance Of Firms In Transition Economies
Full text linkUsing data on 157 large companies in Poland and Hungary this paper employs a Bayesian structural equation modeling to examine interrelationships between corporate governance, managers’ independence from owners in terms of strategic decision-making, exporting and performance. It is found that managers’ independence is positively associated with firms’ financial performance and exporting. In turn, the extent of managers’ independence is negatively associated with ownership concentration, but positively associated with the percentage of foreign directors on the firm’s board. We interpret these results as an indication that (i) concentrated owners tend to constrain managerial autonomy at the cost of the firm’s internationalization and performance, (ii) board participation of foreign stakeholders, on the other hand, enhances the firm’s export orientation and performance by encouraging executives’ decision-making autonomy.corporate governance, strategic independence, exporting, performance
Between vision and reality: promoting innovation through technoparks in Kazakhstan
No full textA common motivation for the technopark movement is the belief that technoparks promote innovation and economic growth at regional and/or national levels. The paper analyses the role of technoparks as instruments of innovation promotion in Kazakhstan using data from a firm survey and interviews. Our results suggest that, unlike what is assumed in the innovation policy literature, technoparks do not house firms dealing with the commercialisation of innovations that are ready for introduction to the market. Technopark firms are no more innovative than other firms. They are oriented largely towards the local market, and operate in traditional sectors; the frequency and intensity of their external links are more developed than are their internal links. The key motivations for relocating to a technopark seem to be lower rents and the possibility of accessing finance. Overall, Kazakh technoparks seem to be successful in terms of facilitating business incubation, but much les so in terms of innovation promotion and diversification of the economy. Currently, Kazakh industry does not make any demands for local R&D, and its sources of competitiveness lie in non-R&D activities. This suggests that innovation policy should focus on assisting companies to upgrade their technological capabilities to the level that they can articulate their R&D demands. Focusing on technoparks as the main mechanism to improve competitiveness and diversify the economy is an ineffective and uncertain a policy option at this stage of the country's economic development. However, there seems to be significant scope for supporting business incubation. These conclusions are of relevance to other emerging economies
Corporate governance and control in Russian banks
Full text linkThe Working Paper employs the paradigm of new institutional economics to examine peculiarities of the Russian model of corporate governance and control in the banking sector. The study relies upon theoretical as well as applied research of corporate governance in Russian commercial banks featuring different forms of ownership. We focus on real interests of all stakeholders, namely bank and stock market regulators, bank owners, investors, top managers and other insiders. The Anglo-American concept of corporate governance, based on agency theory and implying outside investors' control over banks through stock market, is found to bear limited relevance. We suggest some ways of overcoming the gap between formal institutions of governance and the real life
Construction of home by Polish and Lithuanian migrants in the UK
No full textResearchers across the social sciences and humanities have sought to understand the nature of people's affiliation with a particular place, to understand the emotional and symbolic ties that bind people to a place and make them feel at home. The concept of home becomes especially complex when analysed in the light of migration. In this context Gilles Deleuza and Felix Guattari (1987) invent a pair of concepts: 'homing of diaspora' and 'diasporising of home'. These two phrases express the essence of diasporic existence: on one hand, 'home' and especially nostalgia for home left behind is infused into the very notion of diaspora; on the other hand, diasporas take their 'home' with them when they travel and reconstruct 'home' in the new environment. This article analyses how these processes of home creation take place among the new Polish and Lithuanian migrants in the UK, based on interviews conducted with migrant workers for the research project 'Changing Status, Changing Lives?' carried out by the University of Oxford
Darwinism, organizational evolution and survival: key challenges for future research
No full textHow do social organizations evolve? How do they adapt to environmental pressures? What resources and capabilities determine their survival within dynamic competition? Charles Darwin’s seminal work The Origin of Species (1859) has provided a significant impact on the development of the management and organization theory literatures on organizational evolution. This article introduces the JMG Special Issue focused on Darwinism, organizational evolution and survival. We discuss key themes in the organizational evolution research that have emerged in recent years. These include the increasing adoption of the co-evolutionary approach, with a particular focus on the definition of appropriate units of analysis, such as routines, and related challenges associated with exploring the relationship between co-evolution, re-use of knowledge, adaptation, and exaptation processes. We then introduce the three articles that we have finally accepted in this Special Issue after an extensive, multi-round, triple blind-review process. We briefly outline how each of these articles contributes to understanding among scholars, practitioners and policy makers of the continuous evolutionary processes within and among social organizations and systems
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
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