Business Commons^™

Does Corporate Governance Quality Affect Default Risk? The Role Of Growth Opportunities And Stock Liquidity, Searat Ali, Benjamin Liu, Jen Je Su

Faculty of Business - Papers (Archive)

A series of defaults, a distinctive corporate environment and inconclusive findings in literature make Australia an interesting case in which to investigate the association between corporate governance and default risk. Using a large panel of 1086 non-financial firms from 2001 to 2013, we find that better governed firms are strongly associated with a lower level of default risk, and that the association is stronger among firms with more growth opportunities. Moreover, empirical evidence supports the role of stock liquidity as a channel of the relationship. Overall these findings have practical implications for the stakeholders in Australia.

The Role Of Resident Perceptions In Achieving Effective Community-Based Tourism For Least Developed Countries, Sotear Ellis, Lynnaire Sheridan

Faculty of Business - Papers (Archive)

Community-based tourism (CBT) can be a tool for sustainable development in least developed countries; however, careful selection of participating communities is vital to achieving development outcomes. This article presents resident perceptions of self and the community (and its tourism organizers) as potential indicators for future CBT success both contributing to theoretical concepts but pragmatically potentially also assists practitioners to identify communities that theoretically should produce better development outcomes before embarking on projects.

Fitting The Mould: The Role Of Employer Perceptions In Immigrant Recruitment Decision-Making, Shamika Almeida, Mario Fernando, Zeenobiyah Nadiyah Hannif, Shyamali Dharmage

Faculty of Business - Papers (Archive)

Human capital theory presumes that skill-accredited immigrant professionals can access positions in the labour market to match their skills and qualifications. It implies that employers have little power to influence the labour market outcomes of immigrant professionals. Using social identity theory, we examine the influence of similarity effect in recruitment decision-making involving immigrant information technology (IT) professionals in New South Wales, Australia. We assess how decision makers (N = 331) hiring IT professionals need to associate and identify with people that resemble themselves in some way more than those that do not, can influence their perception of the immigrant candidate's …

Role Of Non-Executive Directors In Implementing Non-Regulatory Codes On Corporate Governance In Smes Listed In The Alternative Investment Market In The Uk: A Content Analysis, Palli Mulla K A Chandrakumara, Gunetilleke Walter

Faculty of Business - Papers (Archive)

This study explores roles of NEDs of SMEs listed in the Alternative Investment Market (AIM) in the London Stock Exchange. It extends the literature on NEDs’ roles relevant to a context where the adherence to the principles of non-regularity corporate governance is not compulsory. We adopted a content analysis approach as a novel method for exploring roles of NEDs using details of 1220 NEDs recorded in 75 annual reports. It revealed that NEDs meet the expectations of several stakeholders simultaneously by playing multiple roles. A conceptual model depicting testable relationship between cognitive tasks and key roles of NEDs is also …

Do Venture Capitalists Play A Monitoring Role In An Emerging Market? Evidence From The Pay-Performance Relationship Of Chinese Entrepreneurial Firms, Jerry Cao, Qigui Liu, Gary Tian

Faculty of Business - Papers (Archive)

This paper investigates venture capitalists' monitoring of managerial behaviour by examining their impact on CEO pay-performance sensitivity across various controlling structures in Chinese firms. We find that the effectiveness of venture capitalists' monitoring depends on different types of agency conflict. In particular, we find that venture capital (VC) monitoring is hampered in firms that experience severe controlling-minority agency problems caused by disproportionate ownership structures. We provide further evidence that VC is more likely to exert close monitoring in firms that have greater managerial agency conflict, and thus require more direct monitoring. However, controlling-minority agency problems have a greater impact on …

A Critical Reflection On The Role Of Stakeholders In Sustainable Tourism Development In Least-Developed Countries, Sotear Ellis, Lynnaire Sheridan

Faculty of Business - Papers (Archive)

While investigating the implementation of community-based tourism in least-developed countries (LDCs), the critical role of stakeholders in sustainable tourism development became apparent. External stakeholders, in particular, develop theory models and define policy for translation into the field yet there is little critical consideration of their role and influence. This article encapsulates insights achieved by the researchers at the interface of theory and practice in a challenging LDC setting.

Expanding Expertise : The Role Of A Community In Learning What Is And What Is Not Yet There, Alanah Kazlauskas

Faculty of Business - Papers (Archive)

It takes time for both individuals and a field of endeavour to acquire the necessary knowledge and skills. In this chapter, we consider how such expertise develops, is maintained and expands. In the previous chapter, 'Making sense of complex dynamic spaces: The wicked problem of doping control in sport', we presented an overview of global efforts to address the persistent problem of the use of performance enhancing substances and techniques in sport. In this chapter, we focus on the work of anti-doping scientists. We use the Communities of Practice framework presented in the first Section this book to gain deeper …

Managing Sub-Branding Affect Transfer: The Role Of Consideration Set Size And Brand Loyalty, Yi He, Qimei Chen, Wing Yin Leona Tam, Ruby Lee

Sydney Business School - Papers

Although the essential role of affect transfer has been evidenced in the brand extension literature, scant research has focused on affect transfer when a firm attempts to add sub-brands into its brand portfolio. We conducted a series of four experiments to demonstrate that affect associated with a family brand does in fact transfer to its sub-brand, and the effect is more pronounced for a sub-brand that is closer to (vs distant from) its family brand. Further, the transfer of affect is contingent upon consideration set size and brand loyalty. While affect transfer is observed when consideration set is small, this …

Ecological Modernization And The Role Of Environmental Accounting: A Study Of Chinese Automobile Company, Ying Deng

Faculty of Business - Papers (Archive)

The globalised economy has changed the face of environmentalism and its application in Accounting. The transformation turned the companies to treat the environmental issues from operating problems to business opportunities. While the multinational corporations start to expand to the emerging market, the problems and issues are also coming along with the expansion. In this scenario, Chinese manufacturing industry plays prominent role. The uniqueness of State-owned-Enterprises (SOEs) has greatly transformed the ecological modernization into their practices in terms of mass production and management control. The agencies are considered as the reflexivity to the government using discursive formation to convince the public …

Ideology Diffusion And The Role Of Accounting: A Gramscian Approach To Understanding China's Transition From 1949 To 1957, Lina Xu, Corinne Cortese, Eagle Zhang

Faculty of Business - Papers (Archive)

Using Gramsci's concept of hegemony, the aim of this article is to explore the role of ideology diffusion in creating and maintaining Mao's political hegemony during the period 1949 to 1957, and to consider how accounting practices were reflected in this period of transition in China. In particular, we provide an understanding of how accounting systems have changed under the influence of various political ideologies in China, being the New Democracy and the socialist ideology adopted from the Soviet Union, by considering the relationships and struggles between organic and traditional intellectuals that Gramsci has theorized. We find that the diffusion …

The Role Of The Design Coach - A Novel Approach To Achieving 360 Collaboration Between Industry And Higher Education, Lee E. J Styger, Ian Ellis

Sydney Business School - Papers

There is significant latent design talent within the broader business community, however, much of the design potential is isolated, and, lacks the necessary focus to manifest positive commercial outcomes. Research has indicated that this situation is due to a myopic design development process that is typically caused by the lack of larger team dynamics, reporting structures, and more formal review and feedback processes. The role of the coach is well established in business environments, where, a specialist practitioner enables an environment that supports personal and operational development. Unfortunately the concept of the design coach is not as well established because, …

Real Stories About Real Women: Communicating Role Models For Female Tourism Students, Ulrike Gretzel, Gillian Bowser

Faculty of Business - Papers (Archive)

This article identifies the lack of role models as an important factor that discourages women from taking on leadership roles in tourism communities, government agencies, companies, and academia. Based on discussions of the current literature on role models and the importance of stories, the article presents case studies of initiatives that use social media to collect and share the stories of female role models. The article then discusses opportunities to replicate such initiatives within the tourism education context to provide female students and educators with opportunities to identify with and be encouraged by the real stories of real female tourism …

Exploring The Role Of Marketing Strategy And New Product Development In Long-Term Success Of Market Acceptance: A Case Study Of A Local Product In Thailand, Pensri Jaroenwanit, Uraiporn Kattiyapornpong

Faculty of Business - Papers (Archive)

This paper aims to present the exploratory study of the role of marketing strategy and new product development in achieving long-term success of market acceptance in the context of a local product in Thailand. It is part of a large project, only qualitative study is included in this paper. The research methodology comprised documentary research, focus group discussion, and in-depth interview. Participants included local business representatives and customers who live in the regional area and have purchased and consumed the regional products in the last twelve months. The exploratory findings showed the importance of understanding the role of marketing strategy …

The Role Of The Government In Financial Sector Development, Arusha Cooray

Faculty of Commerce - Papers (Archive)

This study examines the impact of two dimensions of the government, namely, size and quality, on two dimensions of the financial sector, size and efficiency, in a cross section of 71 economies. The study finds that increased quality of the government as measured by governance and legal origin positively influences both financial sector size and efficiency. The size of the government proxied by government expenditure and the government ownership of banks has a negative effect on financial sector efficiency, and a positive impact on financial sector size, particularly in the low income economies.

Informing Implementers Of Lean Strategy In Process Industries - The Central Role Of Schedulers, Peter Caputi, Tim Coltman, Irit Alony

Faculty of Commerce - Papers (Archive)

Lean strategy has been recognized for its benefits to discrete manufacturing industries world-wide. However, implementing Lean strategy in process industries has proven difficult. In an at-tempt to address this problem, this paper identifies scheduler’s decisions as crucial to the success-ful execution of Lean strategy. The paper examines existing descriptions of schedulers and their roles, in search of their potential impact on this execution. Using a case study from the Austra-lian steel industry, empirical evidence shows that schedulers are critical to the success of Lean strategy. Two paths of impact are suggested: (1) schedulers’ role as negotiators and facilitators of business …

Encouraging Sme Ecollaboration - The Role Of The Champion Facilitator, Michael L. Jones, Lois Burgess

Faculty of Commerce - Papers (Archive)

Technology has done many things for small businesses. In one sense small business has been harmed through the advance of technology, which, from a competitive perspective, has made the world a much smaller place. To balance this, technology now provides the means for small businesses to collaborate and build complementary skills to provide a better competitive standing in the world market. Electronically enhanced collaboration, or eCollaboration, allows firms to transcend the boundaries of space and time, permitting asynchronous communication and other Information Communication Technology (ICT) enablers. eCollaboration provides participants clear market advantages, not least among these is profit. Gains can …

The Role Of Higher Education And Industry In Supporting Career Goals And Decision-Making, Yolanda Jordaan

Faculty of Commerce - Papers (Archive)

Both higher education institutions and employers need to evaluate the factors that influence students' career goals and career-related decisions because of their importance to and impact on career management and decision making. The objective of this study is to identify the importance of career goals and factors influencing students' career decision making in South Africa. A non-probability sample was selected, with 488 completed responses. The findings indicate that there are significant differences between gender and ethnic groups in terms of the importance of career goals and career influencing factors. The results suggest that high-quality education is needed in conjunction with …

The Critical Role Of Knowledge Management In Achieving And Sustaining Organisational Competitive Advantage, Thi Nguyet Q. Nguyen, Philip E. Neck, Thanh Hai Nguyen

Faculty of Commerce - Papers (Archive)

The critical role of knowledge management in achieving and sustaining competitive advantage has been strongly emphasised in the extant literature. However, most previous studies were conceptually grounded and empirically examined in advanced, developed and newly industrialised countries. In addition, research to date has predominantly explored findings from a large company view while little attempt has been made to address the relative importance of different factors constituting the organisational KM capability in the context of Asian emerging, less developed countries such as Vietnam where a socialist market economy, a Confucian culture and a majority of small and medium sized enterprises currently …

The Role Of Education In Economic Growth, Arusha V. Cooray

Faculty of Commerce - Papers (Archive)

This study examines the effect of the quantity and quality of education on economic growth. Using a number of proxy variables for the quantity and quality of education in a cross section of low and medium income countries, this study finds that education quantity when measured by enrolment ratios, unambiguously influences economic growth. The effect of government expenditure on economic growth is largely indirect through its impact on improved education quality.

The Role Of Knowledge Management In An Organisation's Sustainable Development, Rosemary Van Der Meer, Sukunesan Sinnappan

Faculty of Business - Papers (Archive)

This paper intends to study the role that Knowledge Management has in development of sustainable organisations. Particularly, the researchers propose to examine key factors in the use of Knowledge Management and sustainable development that could be used to provide a measure in achieving sustainability. The research project is an exploratory study using a case study approach due to the limited amount of literature available on the use of Knowledge Management in sustainable development. The significance of this study is the opportunity to see how much impact Knowledge Management can make in the process of re-engineering an organisation along sustainable goals. …

Enhancing Occupational Health And Safety In Young Workers: The Role Of Social Marketing, Anne M. Lavack, Sherry Magnuson, Sameer Deshpande, Debra Z. Basil, Michael D. Basil, James H. Mintz

Faculty of Commerce - Papers (Archive)

• Young workers (age 15-24) suffer work-related injury at a much higher rate than older workers, yet research on the role and effectiveness of social marketing to influence and improve workplace safety is limited.
• A review of the relevant literature reveals that significant gaps exist in terms of effectively using social marketing to reduce young worker injury rates.
• A comprehensive, multi-faceted social marketing approach is required to address young worker safety.
• Directing more attention toward the practice of social marketing can enhance the effectiveness of campaigns to reduce workplace injurie.

The Role Of Community Leaders As 'Senior Managers' In Place Brand Implementation, Gregory Kerr, Gary Noble, John Glynn

Faculty of Commerce - Papers (Archive)

Brand management is now being applied to places to stimulate economic and social development. While the literature advocates the benefits, it suggests that the process of implementation is not understood. Referring to the corporate brand-place brand analogy and the important role of senior management in corporate branding, this paper examines the role of community leaders, as the senior management equivalent, in two cities which have implemented a place brand strategy. This paper provides an insight into the importance of community leaders as drivers of the place brand as well as the cultural change which may be required to ensure the …

Cross-Cultural Differences In The Development Of Trust In Relational Service Exchange - An Empirical Analysis Of The Moderating Role Of Uncertainly Avoidance, Jan H. Schumann, Florian Wangenheim, Zhilin Yang, Sandra Praxmarer, Fernando Jinenez, Marcin Komor, G Shainesh

Faculty of Commerce - Papers (Archive)

Customer trust is of high importance for customer relationship management in services.

While service providers increasingly provide their services globally, little is known about cross-cultural differences in the way customers develop trust in their service providers. The present paper fills this void by providing a research model that builds on the idea that cross-cultural differences in the development of trust can be explained by moderating effects of uncertainty avoidance. This view is supported by results of an empirical analysis conducted in the banking context in six countries. Managerial implications are derived and directions for further research are proposed.

Some Perspectives On China's Role In The East Asian Economies, Tang Zongming, Van Hoa Tran

Faculty of Commerce - Papers (Archive)

No abstract provided.

The Role Of Online Profiling, Service Quality, Satisfaction And Loyalty In Developing A Crm Capability: Propositions And Considerations, Jamie Carlson, Ranjit Voola, Sukunesan Sinnappan

Sydney Business School - Papers

The Internet has the ability to profile online customers to develop effective customer relationship management (CRM) strategies for e-commerce that requires interaction and coordination between various resources within an organization. However, limited research exists in understanding CRM as an outcome of the interaction between various resources, as well as an organizational capability. This paper applies the Resource Based View of the firm to propose an integrated framework in the management of a CRM capability and suggests that this capability comprises managing the interactions between recently developed concepts such as online-profiling, service quality, satisfaction and loyalty.

Introduction: The Role Of Small And Medium-Sized Enterprises In Achieving And Sustaining Growth And Performance, Charles Harvie, Boon-Chye Lee

Faculty of Commerce - Papers (Archive)

This volume is the third in a series on small and medium sized enterprises in East Asia, defined broadly to include the countries along the western rim of the Pacific from Japan and China in the north to Australia and New Zealand in the south, taking in the ASEAN countries along the way.

The Role Of Trust In The Marketing And R&D Interface During The Npd Process: A General Framework, Elias Kyriazis, Janette K. Rowland

Faculty of Commerce - Papers (Archive)

A gap exists in our understanding of the role that "trust" plays within organisations that produce new products. Recent organisational research suggests that trust plays a more significant role in modern organisational structures than previously thought. Trust encourages efficient information sharing, it limits defensive behaviours, encourages citizenship behaviours, it leads to co-operation and teamwork, and encourages collaboration. The NPD literature has traditionally focused on "integration methods" which promote information sharing and interaction amongst participants. Trust has been viewed as a "by product" of these approaches. A framework is proposed which highlights the important role that management play in creating an …

The Role Of Emotional Assets And Liabilities In A Firm, Indra Abeysekera

Faculty of Commerce - Papers (Archive)

There is an absence of research addressing the process by which emotional (also called sensational) assets and liabilities interact with the intellectual and accounting assets and liabilities of a firm. This conceptual paper discusses the relationship between these types of assets and liabilities, and examines the way in which emotional assets and liabilities (emotional capital) influence the fair value, profits and cash flow of a firm. It outlines how the core emotions related to products and services can influence customers in making purchasing decisions that maximise the value of a firm. It also offers indicators for the managing and reporting …

The Role Of Interpersonal Communication In The Development Of Client Trust And Closeness In A Sme Professional Services Context, Les Kirchmajer, Paul Patterson

Faculty of Commerce - Papers (Archive)

This study develops and tests a model of effective interpersonal communication as an antecedent to client trust and closeness amongst small to medium enterprise (SJ\1E) professional services providerspersonal fmancial planners. A new multidimensional scale for interpersonal communications is developed and tested, resulting in the identification of three dimensions : Communications clarity (5 items),Social communications (4 items), and Information provision (7 items). Client trust is investigated also as a multidimensional construct with credibility trust and benevolence trust being the two dimensions used. Closeness is investigated as a unidimensional construct. The results suggest that there is a positive relationship between communications clarity …

The Organisation Of Knowledge: Optimising The Role Of Universities In A Western Australian 'Knowledge Hub', Tim Turpin, Jane Marceau, Samuel Garrett-Jones, Reg Appleyard, Dora Marinova

Faculty of Commerce - Papers (Archive)

A feature of globally competitive knowledge-based economies is that governments, universities and industry work together in these economies to create regional ‘knowledge hubs’. A knowledge hub is essentially a “region” with an ensemble of knowledgeintensive organisations located in both public and private sectors. Knowledge hubs have three major functions: to generate knowledge; to transfer and apply knowledge; and to transmit knowledge to others in the community through education and training. The present study was commissioned by TIAC with a view to developing options to optimise the role of WA’s universities in supporting a WA Knowledge Hub. Universities have an important …