Business Commons^™

Governance And Support In The Sponsoring Of Projects And Programs, Lynn Crawford, Terry Cooke-Davies, Brian Hobbs, Les Labuschagne, Kaye Remington, Ping Chen

Lynn Crawford

Several factors have combined to draw attention to the importance of sponsoring projects and programs. One factor is that after several decades of attempting to improve success rates of projects by focusing on project-based management and the project management competence of practitioners, convincing evidence demonstrates that success or failure of projects is not entirely within the control of the project manager and project team. Contextual issues are crucial in influencing the progress and outcomes of projects, and a key theme that has emerged is the importance of top management support. Another factor that has drawn attention to the sponsorship role …

Developing A Basis For Global Reciprocity: Negotiating Between The Many Standards For Project Management, Lynn Crawford, Julien Pollack

Lynn Crawford

Professional standards are a significant issue for professions such as IT and Project Management, where certification and licensure are either necessary to practice or to demonstrate individual competence and capability. In many professions there is no basis for international reciprocity of professional standards. This paper documents the development of a standard for global reciprocity between already existing professional standards in the field of Project Management. Data are based on personal involvement by the authors and interviews with participants. This discussion addresses different approaches to standardisation, how common issues in the standardisation process have been addressed, and how the hindering influence …

Decision Making, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

Derivative Markets And Economic Growth: Is There A Relationship?, A. Baluch, Mohamed Ariff

Mohamed Ariff

The spread of capital markets during the half century to-date is a notable global phenomenon in economic development. Derivative markets spread globally in the last quarter century spreading form just two to some 50 in 2007. But the role of derivative markets to economic development has yet been studied. This paper reports new findings on the relationship between derivative market development and (a) economic growth and (b) spot market factors. The results provide very scant support to a positive functional contribution hypothesis by some scholars about derivative markets. However, a negative relationship between the liquidity level of derivative markets and …

What Drives Tbl Reporting: Good Governance Or Threat To Legitimacy?, Pamela Kent, Reza Monem

Pamela Kent

This paper provides two complementary explanations for the adoption of triple bottom line (TBL) reporting by Australian companies. The first explanation is that companies adopt TBL reporting to legitimise their relationship with society because of adverse publicity from the media. The second explanation is that TBL reporting is adopted because of the company’s desire to achieve high-quality reporting and transparency inferred by strong corporate governance. Companies with TBL reporting had significantly more adverse media coverage before implementing TBL reporting than non-TBL companies. TBL reporting is also significantly and positively related to the existence of an environmental or sustainable development committee …

Innate And Discretionary Accrual Quality And Corporate Governance, Pamela Kent, James Routledge, Jenny Stewart

Pamela Kent

The empirical analysis presented in this paper provides further insight into the important issue of the association between corporate governance structures and the quality of reported company earnings. The analysis uses the measure of accrual quality developed by Dechow and Dichev (2002) which provides a direct measure of the quality of current accruals. We derive measures of the innate and discretionary components of accrual quality following Francis et al. (2005), and subsequently include these measures in regressions against corporate governance characteristics. The results show that sound governance structures have a positive association between the innate and discretionary components of accrual …

Corporate Governance And Disclosures On The Transition To International Financial Reporting Standards, Pamela Kent, Jenny Stewart

Pamela Kent

For reporting periods ending on or after 30 June 2004, Australian companies were required to disclose the expected impact of applying Australian equivalents of International Financial Reporting Standards effective from 1 January 2005. The objective of this paper is to examine the association between the level of disclosure and corporate governance quality. Using a sample of listed companies with 30 June balance dates, we find that the quantity of disclosure was positively related to some aspects of superior corporate governance, such as the frequency of board and audit committee meetings and the choice of auditor.

Characteristics Determining The Efficiency Of Foreign Banks In Australia, Jan-Egbert Sturm, Barry Williams

Barry Williams

The factors determining foreign bank efficiency are investigated using a three stage research method. It is found that host market incumbency reduces efficiency of foreign banks in Australia, resulting in over use of inputs. Factors underlying the limited global advantage hypothesis of Berger, et al. (2000) are identified, in that nationality specific factors represented by dummy variables are not significant once other relevant effects are controlled for. Parent profitability is not fomad to result in increased host nation efficiency, while parent credit rating effects are mixed. Some evidence is presented that banks from more financially sophisticated nations are more efficient. …

Financial Market Contagion: Evidence From The Asian Crisis Using A Multivariate Garch Approach, Ahmed M. Khalid, Gulasekaran Rajaguru

Ahmed Khalid

Recent trends of globalization and financial market internationalization have exposed the vulnerability of many emerging financial markets to external shocks and spillover effects from regional crisis. It is believed that similar spillover effects were the root cause of the 1997 financial crisis that faced many emerging economies in Asia. This study attempts to investigate the spillover effects of the 1997 Asian financial crisis using data from a sample of selected Asian countries. For empirical estimation, we use high frequency data (daily observations) on exchange rates from 1994 to 2002, construct a multivariate GARCH model and apply the Granger causality test …

The Global Impact Of The Russian Financial Crisis: Evidence Using Granger Causality And Impulse Reponses In A Var Model, Ahmed Khalid, Gulasekaran Rajaguru

Ahmed Khalid

This study attempts to investigate the financial market contagion in a global perspective. We use a large sample of 26 countries representing different regions in the world and focus on the spillover effects of the 1998 Russian crisis. We use daily observations on three financial market indicators namely, the exchange rates, stock prices and interest rates. We construct a VAR to test the interlinkages among different market and different regions using the Granger causalfiy. Later, we perform impulse response analysis by introducing a shock in each of the Russian market and observe the impact and duration of this shock on …

Data Governance: Organisationskonzept Für Das Konzernweite Datenqualitätsmanagement, Kristin Weber, Boris Otto, Hubert Oesterle

Hubert Oesterle

Unternehmen die Datenqualität konzernweit organisieren wollen, stehen vor der Herausforderung, eine geeignete Form zu finden. Spezielle Anforderungen sind die Berücksichtigung unterschiedlicher Interessen und die Koordination aller Anspruchsgruppen. Bisher fehlen sowohl praktische Erfahrungen als auch wissenschaftliche Auseinandersetzungen, so dass Fragen nach der aufbauorganisatorischen Einordnung, der Abstimmung mit anderen Unternehmensbereichen und die Abhängigkeit vom Unternehmenskontext unbeantwortet bleiben. Der vorliegende Beitrag zeigt Möglichkeiten für die Organisation des Datenqualitätsmanagements auf und versucht Antworten auf die Fragen zu finden. Er schlägt die Einrichtung eines Shared Service Centers vor, stellt ein Data-Governance-Modell zur Definition konzernweiter Verantwortlichkeiten für Datenqualitätsmanagement vor und zeigt einen situativen Ansatz für die …

Critical Thinking, Ronald L. Dearinger

Ronald L Dearinger

Critical thinking analysis is an eight step process to legal decision making that can be applied to ethical business issues. This paper includes a general plan for executing the critical thinking process and a practical application to an ethical issue dealing with a breach of regulation in business protocol within health care administration.

Middletown Loses Childrens Science Center, Melanie Shapiro Esq, Donna M. Hughes Dr.

Donna M. Hughes

A Conceptual Model Of Virtual Product Development Process, Nader Ale Ebrahim, Shamsuddin Ahmed, Zahari Taha

Nader Ale Ebrahim

In today’s dynamic marketplace, companies are under strong pressure to introduce new products for long-term survival with their competitors. Besides, every company cannot cope up progressively or immediately with the market requirements due to knowledge dynamics being experienced in competitive milieu. Increased competition and reduced product life cycles put force upon companies to develop new products faster. In response to this pressing need there should be some new approach compatible in flexible circumstances. This paper presents a solution based on the Stage-Gate system, which is closely linked with virtual team approach. Virtual teams can provide a platform to advance the …

Innovation Process Is Facilitated In Virtual Environment Of R&D Teams, Mohammad Ali Shafia, Nader Ale Ebrahim, Shamsuddin Ahmed, Zahari Taha

Nader Ale Ebrahim

Innovation is becoming the most important key issue for company's success in the 21st century. In the competitive environment it is necessary for the enterprises to put together different capabilities and services with the goal. It is widely accepted that innovation can be better achieved by working in team particularly in the virtual environments. The employed web services technology, although very popular nowadays but it is still not mature enough, so dealing with it can bring new findings. Virtual teams base on information technology are formed to facilitate transnational innovation processes and it should be noted that innovation has a …

Myopic Regret Avoidance : Feedback Avoidance And Learning In Repeated Decision Making, Jochen Matthias Reb, Terry Connolly

Jochen Reb

Decision makers can become trapped by myopic regret avoidance in which rejecting feedback to avoid short-term outcome regret (regret associated with counterfactual outcome comparisons) leads to reduced learning and greater long-term regret over continuing poor decisions. In a series of laboratory experiments involving repeated choices among uncertain monetary prospects, participants primed with outcome regret tended to decline feedback, learned the task slowly or not at all, and performed poorly. This pattern was reversed when decision makers were primed with self-blame regret (regret over an unjustified decision). Further, in a final experiment in which task learning was unnecessary, feedback was more …

Cv July 2009, Byron W. Keating

Dr Byron W. Keating

No abstract provided.

Championing Family Business Issues To Influence Public Policy: Evidence From Australia, Justin B. Craig, Ken Moores

Justin B. Craig

This paper proposes a strategy for the family firm sector to gain the attention of policy makers. The strategy builds through influencing social expectations, creating political issues, developing legislative actions which are subsequently implemented and regulated. To achieve this, we suggest that the family business sector must achieve salience as a community's definitive stakeholders in which capacity they possess, or are perceived to possess, attributes of power, legitimacy and urgency. Propositions are advanced consistent with developing these attributes that collectively build a policy pathway from the societal benefits that family firms can provide by suggesting the building and management of …

Virtual Teams For Npd – An Innovative Experience For R&D Engineers, Nader Ale Ebrahim, Shamsuddin Ahmed, Zahari Taha

Nader Ale Ebrahim

New interaction tools such as internet allows companies to gain valuable input from research and development (R&D) engineers via virtual teams. Consequently engineers also get more expertise in diminutive timeframes. Virtual R&D teams present the key impetus to the technology acquisition process. The present knowledge-economy era is characterized by short product life-cycles. Virtual R&D teams may reduce time-to-market, make available a large pool of new product know-how and provide greater flexibilities which are the key success factors in a competitive market. This comprehensive review contains almost 100 references and covers the recent literature with emphasis on topic. The review has …

Virtuality, Innovation And R&D Activities, Nader Ale Ebrahim, Shamsuddin Ahmed, Zahari Taha

Nader Ale Ebrahim

Innovation plays a central role in economic development, at regional and national level. In the competitive environment companies are obliged to produce more rapidly, more effectively and more efficiently in new product development which is a result of research and development (R&D) activities. It is necessary for them to put together different capabilities and services with the goal, through cooperation between suppliers and customers, service providers and scientific institutions to achieve innovations of high quality. Depending on the type of industry, the type of business, the type of innovation and the strategic objectives that have been set, firms will regularly …

Outstanding Growth Of It Sector In India, Neeraj Mukhi

Neeraj Mukhi

The talent pool of India is spreading all across the world. Time is now ripe for Indians to assume a leadership role from technology adopter to the technology leader

Ethics, Evidence And International Debt, Julie Nelson

Julie A. Nelson

The assumption that contracts are largely impersonal, rational, voluntary agreements drawn up between self-interested individual agents is a convenient fiction, necessary for analysis using conventional economic methods. Papers prepared for a recent conference on ethics and international debt were shaped by just such an assumption. The adequacy of this approach is, however, challenged by evidence about who is affected by international debt, how contracts are actually made and followed, the behavior of actors in financial markets, and the motivations of scholars themselves. This essay uses insights from feminist and relational scholarship from several disciplines to analyze the reasons for this …

A Method For Consortial Research, Hubert Österle, Boris Otto

Boris Otto

Design oriented research in information systems faces two major challenges: the effort to capture practitioners’ knowledge on one hand (relevance) and the evidence to fulfill scientific requirements (rigor). In practice, businesses employ at least a centuple of the resources which are available in research for the design and implementation of innovative solutions based on information technology. For the researcher, it is almost impossible just to oversee the state of practice, in addition to the scientific body of knowledge. Since based on a single case, the engagement of an individual company in a collaborative research environment, e.g. in action research, is …

Cuarto Congreso Nacional De Organismos Públicos Autónomos, Bruno L. Costantini García

Bruno L. Costantini García

Memorias del Cuarto Congreso Nacional de Organismos Públicos Autónomos

"El papel de los Organismos Públicos Autónomos en la Consolidación de la Democracia"

A Method For Consortial Research, Hubert Oesterle, Boris Otto

Hubert Oesterle

Design oriented research in information systems faces two major challenges: the effort to capture practitioners’ knowledge on one hand (relevance) and the evidence to fulfill scientific requirements (rigor). In practice, businesses employ at least a centuple of the resources which are available in research for the design and implementation of innovative solutions based on information technology. For the researcher, it is almost impossible just to oversee the state of practice, in addition to the scientific body of knowledge. Since based on a single case, the engagement of an individual company in a collaborative research environment, e.g. in action research, is …

Consideration Of The Virtual Team Work And Disabled Citizens, As Promising Opportunity Providers For The E-Government Infrastructure's Formation, Mohammad Ali Shafia, Nader Ale Ebrahim, Sumsuddin Ahmed, Zahari Taha

Nader Ale Ebrahim

The Information area has revolutionized the workplace. Douglas Kruse, a professor of human resources and the director of the program for disability research at Rutgers University, states that 7% of employed persons with disabilities work 20 hours or more a week from home. While some modern countries have established “virtual teams”, which are said to be comprised of people who are geographically scattered and who work across boundaries of space and time using computer driven communication technologies, it is also true that many developing countries remain structured around conventional face-to-face teams. A motive toward virtual team working may be cost …

Sino-Turkish Relations In A Globalising Asia-Pacific, Rosita Dellios, Nadir Kemal Yilmaz

Rosita Dellios

Relations between China and Turkey are quiescent. In a globalizing Asia-Pacific, however, they are unlikely to remain so. High economic interdependence in the presence of the rise of Asian and Eurasian powers suggest that China and Turkey as multiregional states have a common interest in regional cooperation. It is within this context that bilateral relations are likely to develop. China’s rapid rise means that its impact will not be confined to Pacific Asia. Increasingly, with the quest for energy security, China is setting its diplomatic compass westward to Eurasia and the Middle East. With Russia - another multiregional state - …

Virtual Teams And Management Challenges, Nader Ale Ebrahim, Shamsuddin Ahmed, Zahari Taha

Nader Ale Ebrahim

As a result of globalization and advances in information and communication technologies, the increased use of virtual teams in business has become prominent. In the competitive environment companies are obliged to produce more rapidly, more effectively and more efficiently. It is necessary for them to put together different capabilities and services with the goal, through cooperation between suppliers and customers, service providers and scientific institutions to achieve firm’s objective with high quality. Nowadays shift from serial to simultaneous and parallel working in entity has become more commonplace. Literatures have shown that collaboration is as a meta-capability for companies. This article …

Exploration Of Firm Strategic Control In Australia And The United States And Implications For Global Governance Structures, Timothy Kiessling, Keith Duncan, Michael Harvey

Keith Duncan

Our empirical study of 246 Directors, financial executives, accountants and credit/security analysts explore the concept of firm corporate control and what theoretically developed attributes contribute to an entity having corporate control over another. We first develop and test a model of corporate control. We then delve into what combinations of direct ownership, indirect ownership, ownership dispersion, and board of director representation are required for dominant corporate control. Due to the use of conjoint analysis, we are able to make suggestions as to the relative importance of each in regard to corporate control.

Homeless Abroad, Homeless At Home: The Conundrum Of Globalisation, Sudhir H. Kale, Sangita De, Robin Pentecost

Sudhir H. Kale

Forces of globalization have brought about profound changes in the way consumers the world over view their identity. For many, consumption becomes one of the key avenues through which they can reterritorialize themselves. Consumption for the purpose of reterritorialization has interesting implications for marketers. Goods and services designed and promoted to restore consumers’ sense of identity will resonate well with today’s deterritorialized consumers. This premise has macromarketing and micromarketing implications.