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Full-Text Articles in Business
Disproportionate Ownership Structure And Ipo Long-Run Performance Of Non-Soes In China, Xiaoming Wang, Jerry Cao, Qigui Liu, Jinghua Tang, Gary Tian
Disproportionate Ownership Structure And Ipo Long-Run Performance Of Non-Soes In China, Xiaoming Wang, Jerry Cao, Qigui Liu, Jinghua Tang, Gary Tian
Faculty of Business - Papers (Archive)
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.
Utilising A Change Management Perspective To Examine The Implementation Of Corporate Rebranding In A Non-Profit Sme, Paul A. Chad
Utilising A Change Management Perspective To Examine The Implementation Of Corporate Rebranding In A Non-Profit Sme, Paul A. Chad
Faculty of Business - Papers (Archive)
The purpose of this article is to use a change management perspective to investigate how a non-profit SME conducted corporate rebranding and determine in this important new context the usefulness of the principles of corporate rebranding developed by Merrilees and Miller primarily in relation to large for-profit organisations. Research is based upon case study of an Australian non-profit SME health insurance organisation that recently conducted corporate rebranding. Via a change management perspective incorporating a discourse transformation framework, semi-structured in-depth interviews with managers and employees examined the rebranding process and explored manager and employee experiences of the journey. The rebranding was …
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
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 …
Measuring The Technical Efficiency Of Thai Manufacturing Smes: A Comparison Of Parametric And Non-Parametric Approaches, Teerawat Charoenrat, Charles Harvie, Wannapa Naburana
Measuring The Technical Efficiency Of Thai Manufacturing Smes: A Comparison Of Parametric And Non-Parametric Approaches, Teerawat Charoenrat, Charles Harvie, Wannapa Naburana
Faculty of Business - Papers (Archive)
This study applies stochastic frontier analysis (SFA) and data envelopment analysis (DEA) approaches to measure and explain the technical efficiency of Thai manufacturing SMEs in 2007. The empirical results from both SFA and DEA revealed that the overall simple average technical efficiency in 2007 is relatively low, which can potentially reduce their output contribution. Therefore, specific policies are required to improve the technical efficiency of SMEs and these include easier access to financial services, credit facilities, equity in terms of the political operation, educational system, extensive infrastructural development, and technological upgrading, marketing and management.
Competition Or Collaboration? The Effect Of Non-Profit Brand Image On Volunteer Recruitment Strategy, Melanie Randle, Friedrich Leisch, Sara Dolnicar
Competition Or Collaboration? The Effect Of Non-Profit Brand Image On Volunteer Recruitment Strategy, Melanie Randle, Friedrich Leisch, Sara Dolnicar
Faculty of Business - Papers (Archive)
With increasing numbers of non-profit organizations and higher demand for a wider range of social services, the need for volunteers has never been greater. There is general agreement that competition within the sector is increasing, and this has led to organizations placing greater emphasis on building strong brand images to differentiate themselves from competitors. However, there are also many instances where non-profits have successfully collaborated with each other to achieve efficiencies and meet objectives. The purpose of this exploratory study is to examine, which of these approaches - competition or collaboration - is more appropriate for the challenge of volunteer …
Exchange Of Information Agreements With Tax Havens: How Will This Affect The Rights Of Non-Resident Taxpayers And Investors?, John Mclaren
Exchange Of Information Agreements With Tax Havens: How Will This Affect The Rights Of Non-Resident Taxpayers And Investors?, John Mclaren
Faculty of Business - Papers (Archive)
The Organisation for Economic Cooperation and Development (OECD) appears to have been successful in convincing tax havens and countries with strict bank secrecy laws to exchange information on non-resident taxpayers, investors and businesses using their financial services. As at 18 August 2010, the OECD have confirmed that more than 320 Tax Information Exchange Agreements (TIEAs) and 150 Double Taxation Conventions that incorporate the new transparency standards have been signed between OECD member countries and non-OECD member states since 2006.531 While this situation may be good for tax administrators in the pursuit of their goal of maximising the collection of tax …
When Non-Standard Work Becomes Precarious: Insights From The New Zealand Call Centre Industry, Zeenobiyah Nadiyah Hannif, Felicity Lamm
When Non-Standard Work Becomes Precarious: Insights From The New Zealand Call Centre Industry, Zeenobiyah Nadiyah Hannif, Felicity Lamm
Faculty of Business - Papers (Archive)
The issue of precarious employment has gained increasing currency over recent years, as OECD countries have shifted away from traditional standard employment models. Nevertheless, there has been little empirical research on the experiences of nonstandard workers and the links that can be established with precarious work. This article attempts to address this gap by introducing precarious employment as a sub-set of non-standard work and highlighting its distinguishing features. The Tucker model is introduced as a useful bridge between non-standard work and precariousness, and is used as a framework for examining employment experiences within two New Zealand call centres. Initial observations …