Business Commons^™

The New Auditor's Report: Have The Benefits Of Wording Changes Been Acknowledged Outside The Cpa Profession?, Marshall A. Geiger

Accounting Faculty Publications

CPAs use the auditor's report to communicate their opinions of an entity's financial statements and related disclosures. Concerned parties, in turn, use the report to assess the integrity of the financial statements and the accuracy of the disclosures.

In 1988, the American Institute of CPAs auditing standards board established new wording for the standard unqualified audit report. It also revised the reporting requirements and types of audit reports allowed (for example, the subject-to report for uncertainties and except-for report for consistency departures were eliminated). The new wording appears in Statement on Auditing Standards no. 58, Reports on Audited Financial Statements …

Racial Barriers To African American Entrepreneurship: An Exploratory Study, Joe E. Feagin, Nikitah Imani

Black Studies Faculty Publications

Much has been written in the ethnic entrepreneurship literature about the contrasting business performance of African American entrepreneurs and those from other minority and immigrant groups. Yet very little research has been conducted by social scientists on the business experiences of black entrepreneurs. In this exploratory study we examine the situation of black contractors in the U.S. construction industry, utilizing 76 in-depth interviews in one of the South's metropolitan areas. We document the nuanced character of the racial barriers faced by black contractors in several areas of the construction industry. We find racial discrimination in unions, in white general contractors' …

A Neglected Factor Explaining Family Business Success: Human Resource Practices, Joseph H. Astrachan, Thomas A. Kolenko

Faculty and Research Publications

Over 600 family firms were involved in this examination of the impact of human resource management (HRM) and professional governance practices on family business success and survival. Our findings identified some of the most prevalent family firm HRM practices and found significant positive correlations among HRM practices, gross firm revenues, and CEO personal income levels. The results support prior arguments for competitive advantage in the marketplace gained through effective use of HRM practices. An interesting additional finding was that while boards of directors, strategic planning, and frequent family meetings were correlated with business longevity over multiple generations, succession planning was …

Running With The Pack: Jit & Automation For Small Manufacturers, Thomas E. Phillips, John R. Ledgerwood

Publications

While both just in time (JIT) concepts and automation programs have been widely implemented and highly successful in large manufacturing companies, many smaller manufacturing companies have wondered whether it would be economically feasible to utilize these same techniques and derive these same benefits. When JIT is adopted by small manufacturers, it provides them with advantages over traditional manufacturing systems, such as lower cost, quality improvements, higher productivity, and less working capital tied up in inventory. Small US manufacturers must understand the basic principles and philosophy of JIT and update their production equipment if they are to be competitive in today's …

Influence Of Family Relationships On Succession Planning And Training: The Importance Of Mediating Factors, Ivan Lansberg, Joseph H. Astrachan

Faculty and Research Publications

This study models the influence of family relationships on succession variables, using a sample of 130 participants from 109 family businesses. Results suggest that the effects of family adaptability and family cohesion on succession planning and successor training are determined by the family'S commitment to the business and the quality of the owner-manager and successor relationship. The study finds that the influence of family relationships on administrative behavior in family businesses is not always direct, as was previously assumed, but is mediated by various factors.

Determinants Of Growth In Small Manufacturing Firms: The Japanese Experience, H. Wijewardena, S. Cooray

Faculty of Business - Accounting & Finance Working Papers

While previous studies have reported the causes of failure of small firms, little empirical research has examined the factors contributing to their success or growth. We attempt to shed some light on this aspect through a study of a sample of small manufacturing firms operating in the Kobe region of Japan. The purpose of this study is to examine a set of firm and industry-specific variables that may have an impact on the growth of firms. The results of the study suggest that the firm size has a significant impact on the growth of firms, with relatively bigger firms in …

The Creation Of Wealth And Value - Yet Another Definition Of Entrepreneurship, Wee Liang Tan

Research Collection Lee Kong Chian School Of Business

It seems strange that we should in this journal be defining entrepreneurship as if it were a philosophy in Raymond W Y Kao’s definitions that emblazons the inside cover of the journal. They are unlike other definitions of entrepreneurship that have focused either on the individual entrepreneur, his or her traits, or a process that ranges from the pre-launch to post-launch stages of a business venture. One might argue that it does not provide a working definition for research in view of its breadth. However, if one were to be open-minded, not dismiss the definitions and examine them, one discovers …

"An Honest Living": Street Vendors, Municipal Regulation, And The Black Public Sphere, Regina Austin

All Faculty Scholarship

No abstract provided.