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Articles 24331 - 24360 of 31965

Full-Text Articles in Business

The Effects Of Ownership And Capital Structure On Board Composition And Strategic Diversification In Japanese Corporations, Toru Yoshikawa, Phillip H. Phan Mar 2005

The Effects Of Ownership And Capital Structure On Board Composition And Strategic Diversification In Japanese Corporations, Toru Yoshikawa, Phillip H. Phan

Research Collection Lee Kong Chian School Of Business

The board of directors plays an important role in solving the agency problem between shareholders and management. This paper investigates the relationships between ownership and board structure with the diversification strategy of large Japanese firms. The results show that corporate nominee directors are associated with lower levels of product diversification of their investee firms. This suggests that nominee directors in large Japanese corporations see themselves representing specific interests and therefore investors should pay attention to board composition in order to assess the level of protection they can expect to receive. Even without any apparent agency problem with management, there remains …

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Corporate Divestitures And Spinoffs In Singapore, Francis Koh, Winston T. H. Koh, Benedict S. K. Koh Mar 2005

Corporate Divestitures And Spinoffs In Singapore, Francis Koh, Winston T. H. Koh, Benedict S. K. Koh

Research Collection Lee Kong Chian School Of Business

This paper discusses the different forms of corporate divestitures, the motives for this corporate activity, and the empirical findings about their economic outcomes. A sample of corporate divestitures is also used to identify the main motivations in the Singapore context. We conclude that divestitures are carried out to achieve operational efficiency and gain incremental profitability and liquidity. Using share price data around the event-dates, we show that announcements of divestitures generally lead to significant increases in the returns of the parent company. The positive abnormal returns are related to the relative size of the divestitures and the computed accounting gains. …

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The Performance Of Value And Growth Portfolios In East Asia Before The Asian Financial Crisis, David K. Ding, Jia-Leng Chua, Thomas A. Fetherston Mar 2005

The Performance Of Value And Growth Portfolios In East Asia Before The Asian Financial Crisis, David K. Ding, Jia-Leng Chua, Thomas A. Fetherston

Research Collection Lee Kong Chian School Of Business

We examine value and growth portfolios in seven East Asian countries just before the onslaught of the 1997 Asian Financial Crisis. The value premiums in these countries, except in Indonesia, Taiwan, and Thailand, are found to be mainly positive. After controlling for firm size, risk, liquidity, and growth potential, we find higher returns among value stocks with a small firm size and low growth potential in Hong Kong and Malaysia. In Japan and Singapore, higher returns are found in growth portfolios with a small firm size and low growth potential. Growth stocks in Taiwan with a small firm size, and …

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Competing At The Frontier: The Changing Role Of Technology Policy In Singapore's Economic Strategy, Winston T. H. Koh, Poh Kam Wong Mar 2005

Competing At The Frontier: The Changing Role Of Technology Policy In Singapore's Economic Strategy, Winston T. H. Koh, Poh Kam Wong

Research Collection School Of Economics

For an economy competing at the global frontier, an innovation-based growth strategy requires a well-developed technological infrastructure, a set of capabilities-focused technology policies, as well as an institutional environment that stimulates innovation and entrepreneurship. This paper examines the role played by science and technology policy in an economy's transition to an innovation-based growth strategy. We discuss the challenges governments face as they restructure economic institutions to deepen R&D capabilities and encourage technology creation. We review Singapore's experience in this regard and assess its ongoing efforts to remake itself to compete at the global frontier.

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Do We Stand On Common Ground? A Threat Appraisal Model For Terror Alerts Issued By The Department Of Homeland Security, Augustine Pang, Yan Jin, Glen T. Cameron Mar 2005

Do We Stand On Common Ground? A Threat Appraisal Model For Terror Alerts Issued By The Department Of Homeland Security, Augustine Pang, Yan Jin, Glen T. Cameron

Research Collection Lee Kong Chian School Of Business

Having developed a threat appraisal model to examine the fabric and faces of threat, and how it can becommunicated, the authors empirically test the model on an ongoing issue, the issuance of terror alerts bythe Department of Homeland Security (DHS), on how threat is appraised by DHS, and the conservativeand liberal audiences. Findings showed a shared view by the DHS and the conservative audiences whilethe liberal audiences thought otherwise. Though there appear to be consensus in threat communication,more internal consistency within DHS is needed to optimize its effectiveness.

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2005 March, Office Of Communications & Marketing, Morehead State University. Mar 2005

2005 March, Office Of Communications & Marketing, Morehead State University.

Morehead State Press Release Archive, 1961 to the Present

Morehead State University press releases for March of 2005.

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Effects Of Deployment On Homestation Job Stress And Burnout, S. Ryan Johnson Mar 2005

Effects Of Deployment On Homestation Job Stress And Burnout, S. Ryan Johnson

Theses and Dissertations

The Global War on Terrorism has increased the demands placed on military members. The increased rate of deployments, coupled with the reduction in resources, has military leaders concerned that these changing demands will cause undue strain, adversely affecting the military member's quality of life. This research tests the effects of active duty military deployments on homestation job stressors and burnout. Pre- and post- deployment surveys were administered to test for any significant changes that resulted from a deployment. A group of non-deploying members was also measured during the same time frame to serve as the control group. Results showed that …

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Initiating An Entrepreneurial Mindset In The Department Of Defense (Dod): Testing A Comprehensive Model, Gretchen R. Rhoads Mar 2005

Initiating An Entrepreneurial Mindset In The Department Of Defense (Dod): Testing A Comprehensive Model, Gretchen R. Rhoads

Theses and Dissertations

Transformation will become vital as senior military leaders prepare to fight tomorrow's battles. The pervasiveness of the entrepreneurial mind set within Department of Defense (DoD) organizations and the ability of senior leaders to foster that mind set will be vital. This research effort tested an integrated model of the entrepreneurial mind set and produced a framework that senior leaders can implement to ignite their organizations' innovative potential and ability to transform. The research used a questionnaire to gather data regarding three entrepreneurial mind set antecedents -- individual characteristics, process, and context -- to determine the level of influence each has …

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The Nhl's Lost Season, Richard C. Crepeau Feb 2005

The Nhl's Lost Season, Richard C. Crepeau

On Sport and Society

As demonstrated yesterday with the sad attempt to resurrect the hockey season, the differences between owners and players is greater than a few million dollars of salary cap or the personalities of Gary Bettman and Bob Goodenow. As usual the press oversimplified things and any number of people, including Wayne Gretzky and Mario Lemieux, fell for their lazy analysis. This is a war, not a collective bargaining process.

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Canseco And Steroids, Richard C. Crepeau Feb 2005

Canseco And Steroids, Richard C. Crepeau

On Sport and Society

The appearance by Jose Canseco on CBS's "Sixty Minutes," and the publication of his book Juiced: Wild Times, Rampant 'Roids, Smash Hits, and How Baseball Got Big has called forth another round of hypocrisy in the official and unofficial world of baseball. It is difficult to determine any winner in the hypocrisy sweepstakes, as the competition is stiff.

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Million Dollar Baby (Spoiler Warning!), Richard C. Crepeau Feb 2005

Million Dollar Baby (Spoiler Warning!), Richard C. Crepeau

On Sport and Society

I will start today with a warning, something that perhaps I should do more often. The subject today is the film "Million Dollar Baby." If you have not seen the film and intend to see it you may want to stop reading now. Reading this will reveal things you don't want to know before you see the film.

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Max Schmeling, Richard C. Crepeau Feb 2005

Max Schmeling, Richard C. Crepeau

On Sport and Society

The death of Max Schmeling on Friday has been much commented upon over the past few days. I take this to be a recognition of the significance of this man and the memories he evokes around the world. For Americans these memories center on his relationship, both personal and athletic, with Joe Louis.

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Super Bowl Hype, Richard C. Crepeau Feb 2005

Super Bowl Hype, Richard C. Crepeau

On Sport and Society

The Reverend Norman Vincent Peale once claimed that if Jesus were alive today he would be at the Super Bowl.

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Economy Of Pakistan: An Overview, Ishrat Husain Dr. Feb 2005

Economy Of Pakistan: An Overview, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

Pakistan was one of the few developing countries that had achieved an average growth rate of over 5 percent over a four decade period ending 1988-89. Consequently, the incidence of poverty had declined from 40 percent to 18 percent by the end of the 1980s. Table I lays down the main economic and social indicators in 1947 and compare them with 2004. The overall picture that emerges from a dispassionate examination of these indicators is that of a country having made significant economic achievements but a disappointing record of social development. The salient features of Pakistan’s economic history are

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Older Workers: Untapped Assets For Creating Value, Knowledge@Smu Feb 2005

Older Workers: Untapped Assets For Creating Value, Knowledge@Smu

Knowledge@SMU

The days when an executive could look forward to a leisurely retirement out on the golf course are over, thanks to a possible looming job shortage, a graying population, low savings rates and an insecure Social Security system. The impact of these factors on both workers and companies was the subject of the Symposium on Older Workers, co-sponsored recently by the AARP Global Aging Program along with Wharton's Center for Human Resources and Boettner Center for Pensions and Retirement Research. Speakers included AARP CEO William D. Novelli, Olivia Mitchell, executive director of Wharton's Pension Research Council, and Thomas Dowd, a …

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Case Studies Of Local Boards And One-Stop Centers: Underutilization Of One-Stops By People With Significant Disabilities, Doris Hamner, Jaimie Ciulla Timmons Feb 2005

Case Studies Of Local Boards And One-Stop Centers: Underutilization Of One-Stops By People With Significant Disabilities, Doris Hamner, Jaimie Ciulla Timmons

Case Studies Series, Institute for Community Inclusion

The Workforce Investment Act (WIA) identifies individuals with disabilities as among the constituencies to be served by One-Stop Career Centers. Due to a variety of factors, including lack of an overall One-Stop data collection system, no clear way to identify disability in the system, and non-disclosure of disability by many customers, it is difficult to ascertain the exact level of One-Stop usage by people with disabilities. However, existing data sources and anecdotal evidence indicate that people with disabilities underutilize One-Stops. The number of people with disabilities that use One-Stops seems to be lower than what would be expected based on …

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Case Studies Of Local Boards And One-Stop Centers: Levels Of Involvement Of State Vr Agencies With Other One-Stop Partners, Sheila Fesko, Doris Hamner Feb 2005

Case Studies Of Local Boards And One-Stop Centers: Levels Of Involvement Of State Vr Agencies With Other One-Stop Partners, Sheila Fesko, Doris Hamner

Case Studies Series, Institute for Community Inclusion

The Workforce Investment Act (WIA) emphasizes coordination and collaboration for better service delivery between state departments of Vocational Rehabilitation (VR) and other One-Stop partners. Although WIA's requirements for VR participation are clear, the parameters of this partnership are flexible and depend on a variety of factors within each state and local system. Defining the role of VR has had its challenges, as is the case for many partners in the WIA system. However, there are numerous examples of VR agencies working creatively to establish effective partnerships that positively influence services for job seekers with disabilities in the One-Stop system. The …

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Case Studies Of Local Boards And One-Stop Centers: Strategies For Maximizing Staff Competence When Supporting Job Seekers With Disabilities In One-Stop Career Centers, Allison Cohen Hall, Sheila Fesko Feb 2005

Case Studies Of Local Boards And One-Stop Centers: Strategies For Maximizing Staff Competence When Supporting Job Seekers With Disabilities In One-Stop Career Centers, Allison Cohen Hall, Sheila Fesko

Case Studies Series, Institute for Community Inclusion

Since states began implementing the Workforce Investment Act (WIA) of 1998, One-Stop Career Centers have had to address the challenges of serving all customers seeking services, including job seekers with disabilities. To meet this challenge, many local One-Stops have demonstrated commitment to and progress towards creating innovative practices that positively affect access for job seekers with disabilities in the workforce system. The following brief is offered as a tool for local workforce systems to help achieve meaningful employment outcomes for job seekers with disabilities. This brief is part of a series of products offering practical solutions for Local Workforce Investment …

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Case Studies Of Local Boards And One-Stop Centers: Tackling Fiscal Issues, Heike Boeltzig, Allison Cohen Hall Feb 2005

Case Studies Of Local Boards And One-Stop Centers: Tackling Fiscal Issues, Heike Boeltzig, Allison Cohen Hall

Case Studies Series, Institute for Community Inclusion

The Workforce Investment Act of 1998 (WIA) established a network of One-Stop Career Centers by integrating different employment and training services into one comprehensive workforce investment system. Within this environment, One-Stop partners are mandated to collaborate to create a seamless service delivery system that enhances access to services and improves employment outcomes for all individuals, including those with disabilities. WIA's intent was to establish local workforce development systems that would respond to their areas' specific needs with unique solutions and creative partnerships. In addition to service delivery, WIA encourages One-Stop partners to share in the operating costs of the One-Stop …

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Case Studies Of Local Boards And One-Stop Centers: Creative Involvement Of Community-Based Disability Organizations At One-Stop Career Centers, Jaimie Ciulla Timmons, Heike Boeltzig Feb 2005

Case Studies Of Local Boards And One-Stop Centers: Creative Involvement Of Community-Based Disability Organizations At One-Stop Career Centers, Jaimie Ciulla Timmons, Heike Boeltzig

Case Studies Series, Institute for Community Inclusion

The Workforce Investment Act (WIA) facilitates partnerships among organizations for more coordinated service delivery to all job seekers. Although the state Vocational Rehabilitation (VR) agency is the only disability agency or program that is a mandated partner under WIA, community-based disability organizations (CBOs) can also work with One-Stop Career Centers to enhance their capacity to support customers with disabilities. Through case study research, the Institute for Community Inclusion identified several models of involvement between CBOs and One-Stops. These models illustrate that organizations can be creative in developing their partner roles to meet the needs of both their staff and their …

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A Fuzzy Programming Approach For Portfolio Management In Banks, Noha El Sayed Ahmed Ibrahim Feb 2005

A Fuzzy Programming Approach For Portfolio Management In Banks, Noha El Sayed Ahmed Ibrahim

Archived Theses and Dissertations

No abstract provided.

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Disproportionate Ownership Structure And Ipo Long-Run Performance Of Non-Soes In China, Xiaoming Wang, Jerry Cao, Jinghua Tang, Gary Gang Tian Feb 2005

Disproportionate Ownership Structure And Ipo Long-Run Performance Of Non-Soes In China, Xiaoming Wang, Jerry Cao, Jinghua Tang, Gary Gang Tian

Research Collection Lee Kong Chian School Of Business

This paper examines the relationship between ownership structures and IPO long-run performance of non-SOEs in China. Although non-SOEs underperform the market in general after IPO but the poor performance is mainly caused by the IPOs with ownership control wedge. Non-SOEs with one share one vote structure outperform those with control-ownership wedge by 30% for three years post-IPO performance in adjusted buy-and-hold returns. Non-SOEs with control-ownership wedge have higher frequency of undertaking value-destroying related party transactions. These findings suggest that non-SOEs need to improve corporate governance such as disproportionate ownership structure to better safeguard the interest of long-run shareholders.

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Investing In Real Estate: Mortgage Financing Practices And Optimal Holding Period, Winston T. H. Koh, Edward H. K. Ng Feb 2005

Investing In Real Estate: Mortgage Financing Practices And Optimal Holding Period, Winston T. H. Koh, Edward H. K. Ng

Research Collection School Of Economics

Real estate investments are typically characterized by high degrees of leverage and long loan tenures. In perfect capital markets, leverage has no impact on the investment decision apart from tax considerations. However, the mortgage financing market is imperfect in many countries. In the presence of market imperfections, an optimal holding period exists for real property investments. We provide a simple rule to calculate the optimal holding period is to compare the required rate of return with the leveraged rate of return on equity.

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2005 February, Office Of Communications & Marketing, Morehead State University. Feb 2005

2005 February, Office Of Communications & Marketing, Morehead State University.

Morehead State Press Release Archive, 1961 to the Present

Morehead State University press releases for February of 2005.

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Go Where The Fish Are, C. William Pollard Jan 2005

Go Where The Fish Are, C. William Pollard

C. William Pollard Papers

Pollard delivered this meditation on Luke 5 at the 2005 Council for Christian Colleges and Universities President's Conference in Washington, D.C. In it he contends that one can learn much about leadership from following the example of Christ.

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A Synopsis Of The Regulatory Environment Affecting California Specialty Crops, Sean P. Hurley Jan 2005

A Synopsis Of The Regulatory Environment Affecting California Specialty Crops, Sean P. Hurley

Agribusiness

California specialty crop producers face multiple regulatory bodies from both the state and federal government. These producers face regulations pertaining to labor, the environment, marketing, and food safety. When it comes to regulations, ignorance is not bliss. This project develops an informational source for finding federal and state regulations affecting California agricultural producers and provides a perspective of what the California agricultural regulatory environment looks like. This report presents a visual diagram of the top two tiers of federal and state governmental agencies affecting the California agricultural regulatory environment. The visual diagram is set-up with web links to these regulatory …

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The Australian Open, Richard C. Crepeau Jan 2005

The Australian Open, Richard C. Crepeau

On Sport and Society

It is the week before the week before the Super Bowl. The beauty of the week is that there is no football, a relief after the emotional roller coaster of the three weeks of playoff football, ten games played at an intensity level worthy of brain surgery. It is a perfect time for a change of pace; the perfect time for a little tennis. Thus the Australian Open, the first grand slam event of the year, this year celebrating its 100th Anniversary.

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Corporate Governance In The Financial Sector, Ishrat Husain Dr. Jan 2005

Corporate Governance In The Financial Sector, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

I would like to address the following four questions in my presentation this morning: (a) Why do we require Corporate Governance in the Financial Sector? (b) What does Good Governance Involve? (c) What has been done so far in Pakistan? (d) What are the Challenges Ahead? Why do we require Corporate Governance in the Financial Sector? Corporate Governance has become critical for all entities and, therefore, the codes of Corporate Governance or legislations are being adopted increasingly by the organized sectors in the developed and developing countries. However, there are some additional reasons that are unique to the financial sector …

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Globalization - Challenges To Pakistan Economy: Role Of The State Bank Of Pakistan, Ishrat Hussain Dr. Jan 2005

Globalization - Challenges To Pakistan Economy: Role Of The State Bank Of Pakistan, Ishrat Hussain Dr.

Faculty Research - Talks, Speeches, & Discourse

Globalization - The Phenomena: Presently the term "Globalization" has gained an emotive tinge. Few believe it as an inevitable and irreversible process that will catapult future world economic development; others discern it with antagonism and fear that it will thwart social progress in the context of developing countries, creating enhanced disparity within and between nations, creating unemployment and poorer living standards.

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Sport And War Don't Mix, Richard C. Crepeau Jan 2005

Sport And War Don't Mix, Richard C. Crepeau

On Sport and Society

The Army-Navy football game this year opened when the President of the United States tossed a coin brought in from Fallujah for the ceremony. Much to my surprise there was little comment on the coin, or the story of what led to it being chosen for such an honor. Clearly what we have here is another mixing of the idols of war and the idols of the playing field, a potent mix in many quarters. Teddy Roosevelt found football appealing as a candidate to serve as James' "Moral Equivalent of War," as have many others over the past century. He …

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