Business Commons^™

Optimal Insurance Brokerage Commission, Arthur Hau

Hong Kong Institute of Business Studies Working Paper Series

This paper studies a principal-agent insurance brokerage problem with a risk-averse principal (an insured) and a risk-neutral agent(a broker). The concept of “mean-preserving spread-reducing effort” is introduced to delineate the broker's activities. Using the first-order approach, it is shown that under some common conditions, the insured may “concavify” the reward function to induce the risk-neutral agent to exert MPSR brokering effort. Surprisingly, these conditions together with an additional condition guarantee the validity of the first-order approach even when the monotone likelihood ratio condition (used exclusively to justify the first-order approach) is violated. The case with a risk-averse agent is also …

Antecedents, Moderators And Examples Of Representational Predicaments At Three Hong Kong Sites, Robin Stanley Snell, Mei Ling, May Wong

Hong Kong Institute of Business Studies Working Paper Series

Employees suffer representational predicaments if they feel that they bear invisible burdens and/or make invisible contributions. This feeling implies a belief that dominant authorities in the organization are embracing unfavourable prevai1ing images of employees (PIEs) that are incongruent with salient work-life space domains. Qualitative interviews at an insurance agency branch and an on-line database provider indicated embedded human resource values characterized by aggressive instrumentality, small circle and top down govemance, and expectations of employee deference and silence. These values reflected the

Hong Kong human resource govemance environment: absence of labour rights and protections, and cultural assumptions of large power distance, …

A Note On The Preferred Hedge Instrument, Arthur Hau

Hong Kong Institute of Business Studies Working Paper Series

Contrary to Battermann et al.'s (2000) claims, this paper shows that risk-averse exporters may produce less with fair commodity futures than with fair put options; moreover, they may prefer the latter instrument for hedging against its exchange rate risk.

Subtextual Gendering Processes : A Study Of Japanese Retail Firms In Hong Kong, Mei Ling, May Wong

Hong Kong Institute of Business Studies Working Paper Series

This study examines equal opportunities for women employees in two Japanese-owned (Tairo and Okadaya) retail companies in Hong Kong. This paper initially discusses the various explanations for gender inequality put forward by scholars. Since the equal opportunity legislation - specifically Sex Discrimination Ordinance (SDO) - was introduced in Hong Kong in 1996, little research can explain as to why gender inequality persists. The issue can altematively be understood by examining the subtextual gendering processes. Concealed gendering processes (re)produce gender inequality based on hegemonic power, through structural, cultural, interaction and identity arrangements. Accounts of female staff at various hierarchies reveal that …

West Rail Vs. Bus : A Passenger Study For West New Territories, Kin Hang Foo

Bachelor Degree - Marketing - Final Year Project

Executive summary

Before the opening of West Rail, bus is a leading transportation mode to go to urban area in West New Territories. But after the opening of West Rail in 2003, the situation is changed. West Rail and bus become an important transportation mode of residents. But the market share of West Rail is not high enough to reach the target of KCRC. Then what is the main problem of West Rail behind? The purpose of this report is to investigate on how people choose their transportation mode and use the data of the survey to help KCRC to …

Management Localization And Performance Of Mncs In China : A Contingent Resource-Based View, Shengsheng Huang

Theses & Dissertations

Although many foreign invested enterprises (FIEs) and consultants in China put the localization to a strategic level, management localization is still an emerging issue of human resource management in academic research. A few previous studies on management localization focused on the internal efficiency of the subsidiaries or parent-subsidiary relationship. The impact of management localization on the interaction between the subsidiary and local environment has received little attention. Moreover, localization lacks a consistent and valid definition. This thesis attempts to bridge the gap by systematically exploring the strategic impact of management localization. Management localization is defined as substituting expatriate managers with …

Erp Implementation Planning : A Critical Success Factors (Csfs) Approach, Jia Hui Kong

Theses & Dissertations

Enterprise Resource Planning (ERP) is an integrated set of software modules which are linked to a common database to handle basic corporate functions such as planning, manufacturing, sales, marketing, accounting, distribution, human resource and inventory. When ERP is implemented successfully, it can reduce operating costs, increase productivity, and improve customer services. However, ERP fails to deliver the promised benefits in many companies due to the poor implementation planning. A successful ERP implementation requires a careful thinking, good planning from a strategic perspective.

It is difficult to measure the success of an extremely complex information system such as ERP as it …

Goal Interdependence And Leader-Member Relationship For Cross-Cultural Leadership In Foreign Ventures In China, Yi Feng, Nancy Chen

Lingnan Theses

This study empirically examines the impact of goal interdependence and leader-member relationship on cross-cultural leadership in joint ventures in China. Its two research questions are how to facilitate leader-member relationships between foreign managers and Chinese employees in joint ventures in China, and how foreign managers and Chinese employees can develop cooperative goals in Chinese contexts.

Four hypotheses were generated. Hypothesis 1 examined the effects of leader-member relationship between foreign managers and Chinese employees on cross-cultural leadership. Hypothesis 2 studied the impacts of different goal interdependence on the leader-member relationship between foreign managers and Chinese employees. Hypothesis 3 and 4 investigated …

Effects Of Goal Interdependence And Social Identity On Departments And Their Relationships In China, Liyan Wang

Lingnan Theses

Synergy among departments is increasingly considered vital for organizations to use their full resources to deal with threats and explore opportunities in the rapidly changing marketplace. Although valuable, developing synergy among departments is a difficult management challenge.

Departments within organizations often have their own business goals, yet the coordination of these goals is a precondition for overall organizational effectiveness. The need for goal coordination makes departments interdependent (Thompson, 1967), but this interdependence may become particularly problematic when the different departmental goals are incompatible (St. John & Hall, 1991).

Because of the value of cooperative goals for coordination, managers want to …

An Empirical Analysis Of Book-Tax Reporting Difference And Tax Noncompliance Behavior In China, Feng Tang

Lingnan Theses

The traditional accounting system in China was directly linked to the tax assessment. The close linkage between the two sets of reporting rules has substantially weakened, as China promulgated a series of accounting standards and regulations in the late 1990s. As a result, accounting for financial reporting purposes does not have to conform to accounting for tax reporting purposes. This divergence between the two measures of income will inevitably cause accounting book income to differ from taxable income. This is because the more the excess of book income over taxable income, the more the magnitude of tax audit adjustments. Mills …