Business Commons^™

Tourism Outlook: 2010, Norma P. Nickerson, Kara Grau

Institute for Tourism and Recreation Research Publications

Outlook for 2010

Asian Corporate Governance Or Corporate Governance In Asia?, Shaomin Li, Anil Nair

Management Faculty Publications

Corporate governance has become an important issue for Chinese and Indian firms as they increasingly interact with regulators and investors from developed markets. For instance, tapping into global capital markets to raise funds to finance their domestic and international growth requires firms from China and India to demonstrate strong corporate governance credentials, so that investors do not discount their stock (LaPorta, Lopez-de-Silanes, Shleifer, & Vishny, 2000). The swift action of Chinese and Indian authorities in response to recent corporate scandals – such as the one at Satyam Computers – reveals that even governments in emerging countries such as China and …

Audit Standard Setting And Inspection For U.S. Public Companies: A Critical Assessment And Recommendations For Fundamental Change, Steven M. Glover, Douglas F. Prawitt, Mark H. Taylor

Faculty Publications

The Sarbanes-Oxley Act of 2002 (SOX) established the Public Company Accounting Oversight Board (PCAOB) to oversee the public accounting firms that audit publicly traded companies in the U.S. In this commentary we outline why we believe the PCAOB’s audit standard setting and inspection models are inefficient and dysfunctional. We assert that the Board’s ability to achieve its mission is limited by its early choices, together with its incentives, organizational composition, and structure. We support our assertions with a number of indicators of serious problems and flaws in the current approach. We also present high-level recommendations for change for policy makers, …

Improving Casino Profitability Through Effective Offer Packages, Ren Zhang

UNLV Theses, Dissertations, Professional Papers, and Capstones

The purpose of the this study is to investigate effective marketing techniques to attract potential customers in a particular demographic group, young people aged from 21 to 34, as a way of exploring the local market. This demographic group constitutes a dynamic part of the local population and is characterized by its unique financial conditions and spending preferences. The hypothesis is that with well-designed price bundling, the casinos can realize increased revenue through increased visits from the local young population. The marketing technique used in this study is to utilize offer packages which bundle promotional items and other hotel-provided services. …

The Efficacy Of Fragrance Use For Enhancing The Slot Machine Gaming Experience Of Casino Patrons, Gael D. Hancock

UNLV Theses, Dissertations, Professional Papers, and Capstones

Once guests are inside a casino, experiential factors within the casino must be managed so that these guests are encouraged to engage in the gaming opportunities; remain in the casino to eat and shop; return to the casino; and hopefully, to recommend the casino to others. Ambient conditions have been shown to influence a person's willingness to stay in a public setting and their repatronage intentions. Air fragrance is one small, but controllable piece of the experience puzzle that includes décor, lighting, music and other ambient sounds, comfort of the seating, quality of the service, perception of cleanliness and ease …

Diversity Leader: Case Study Of A Selected Organization's Transformation, Aileen Guerrero Zaballero

UNLV Theses, Dissertations, Professional Papers, and Capstones

Diversity initiatives have evolved from a focus on compliance-oriented training to a systematic approach which integrates the many dimensions of diversity in all aspects of business to enhance performance through the practice of organization development (OD) (Bendick, Egan, & Lofhjelm, 2001). Many organizations have implemented short term solutions to address the demographic changes in the workforce, but have had minimal results. When diversity interventions are conceptually grounded in organization development practices the results are much more substantial for both the employees and the organization (2001). The purpose of this qualitative case study was to explore the perceived influential factors of …

Perspectives On Timeshare Ownership: An Exploratory Study Of Markets In China, Kai-Li Chi

UNLV Theses, Dissertations, Professional Papers, and Capstones

This study aims to explore the attitudes of prospective customers in China about timeshares, and to identify potential marketing opportunities for timeshare companies targeting China. This exploratory study is the first of its kind and it intends to provide valuable information about the consumer potential for the timeshare industry in China. The findings indicate that consumer acceptance of timeshares in China is high. Six socio-demographic variables were identified as keys in predicting those with statistically significant likelihood of purchasing a timeshare within the next three years: age, occupation, marital status, annual household income, vacation frequency, and attendance at a previous …

The Aadere Model Of Progression In The Hospitality And Tourism Industry: An Empirical Study Of High-Salaried Black Managers, Ivan Benjamin Turnipseed

UNLV Theses, Dissertations, Professional Papers, and Capstones

Applying grounded theory methodology and method, this qualitative study uncovers and presents a rich, theoretically expressed understanding of the experience of salaried Black hospitality and tourism professionals who earn at least $100,000 annually. A 13-step customized research process featuring a novel literature review method, which utilizes researcher pre-data collection assumptions as a framework for conceptualizing and processing an unwieldy literature, enhancing post-data analysis, and developing research conclusions, is introduced.

Twenty loosely structured, open-ended, and in-depth interviews (12 male) are the singular data collection tool. An exhaustive analysis of participant transcripts resulted in 5,337 co ding in cident s , or …

Factors Related To The Unemployment Rate: A Statistical Analysis, Reanna Collins

Honors Program Theses

Current United States economic conditions have everyone searching for ways to solve the downward spiral that has instigated a crisis in the minds of many people. Rapidly increasing unemployment rates are key reasons leading to this feeling of emergency. A better understanding of unemployment trends over the past few decades and factors correlated to the rate could serve as future indicators of fluctuations in the unemployment rate. A statistical analysis was conducted to determine if any relationship between the unemployment rate and nine selected variables existed in order to identify trends in the unemployment rate and to produce a model …

Effectively Implementing Project Based Learning In The Business Classroom, Leasha Henriksen

Graduate Research Papers

Far too many of our students are leaving high schools unprepared to routinely engage in these thought processes in order to sustain our innovative, economic edge in the economy. These concerns put the United States at risk for losing our competitive advantage in the marketplace. Critical thinking and problem solving skills are far too important to be ignored. This realization leads to an important question: How can project based learning be implemented effectively in order to increase student engagement, critical thinking, and understanding? For the purpose of this paper, research will be focused primarily on controlled studies; however, valuable insight …

Assessment Of Sustainability Of Rural Tourism Villages In Southeastern China Using Sustainable Tourism Development Indicators, Tang Chen

Dissertations and Theses @ UNI

The purpose of this study was to assess sustainability of rural tourism practices in heritage, ecological, and ethnic communities in southeastern China, using sustainable tourism development indicators. The rural tourism communities selected for this study were Tengtou Village in Fenghua, Zhuge Bagua County in Lanxi, and She Minority Village in E Shan Tonglu, representing examples of domestic rural tourism initiatives in China. This study applied the 2004 WTO sustainability indicator model to develop appropriate indicators for assessing sustainability of rural tourism practices in the selected communities, and aimed at answering the following research questions. First, what indicators would be most …

A Study Into The Use Of Business Process Reengineering In Re-Designing Procurement Processes Within The Southern Health Board, Treasa Dempsey

Theses

Prior to undertaking the implementation of an integrated finance and procurement information system, the Southern Health Board (now know as the Health Service Executive - Southern Area) undertook a Business Process Reengineering project to redesign, standardise, streamline, and document their procurement processes. This study examines how useful Business Process Reengineering can be in a public sector environment, using the project undertaken in the Southern Health Board, as a case study. The literature on BPR, in conjunction with the material from the BPR project, and interviews from relevant project team members, is examined. The case study demonstrates that it may be …

The Cost And Benefits Of Upskilling The Irish Labour Force, Peter Daly

Theses

This study assesses the position of Irish businesses in relation to upskilling their workers in the globalised business environment. There is a scarce amount of data published on the implications for Irish businesses and their interaction state supports for upskilling the Irish labour-force.

This study has found that Irish businesses recognise that they now operate in a global market and that they believe that a strong third and vocational level of skills exist but work based skills must improve. Outsourcing parts of the business process is not considered a preferred option of skills replacement by Irish businesses but business networks …

The Organisational Impact Of Outsourcing On Multinational Businesses Operating In Ireland, Veronica Perdisatt

Theses

This study is an examination and assessment of the effectiveness of outsourcing arrangements currently employed by a sample of multinational organisations operating in Ireland. Informed by previous research, this study employs field research in the form of interviews with experienced and successful practitioners in the outsourcing industry. The study responds to issues of focus, which include the analysis of benefits of outsourcing programs, barriers to achieving outsourcing benefits and identification of unexpected or indirect impacts of outsourcing. This research highlights that from the perspective of operating from a small open economy, outsourcing is one strategy that organisations are increasingly adopting …

Integrated Marketing Communications: Student Recruitment At Cork Institute Of Technology, Mervyn O'Mahony

Theses

Competition has, and will continue to intensify further in the third-level educational sector to attain increased student numbers into the future. Third-level Institutes must focus on marketing activities, and understand that without an effective marketing communications strategy, the possibility of attracting increased numbers of students is negligible.

Cork Institute of Technology faces unprecedented funding shortfalls. This coupled with a soon to be introduced new funding mechanism, based on student numbers, has made it imperative for CIT to exploit new and innovative marketing media to generate awareness of the Institute and the courses it has to offer.

The students of today …

The Future Of The Irish Manufacturing Industry In Relation To Global Competitiveness, Joceley Martins Wilson

Theses

This study is an examination of the challenges faced by the manufacturing sector in Ireland. As the speed of globalization intensifies, new demands are constantly being levied on the manufacturing sector. In order to maintain this very important sector in Ireland, the manufacturing industry must promote constant innovation, automation and specialization, specifically in niche areas where there is a requirement for specific specialized skills, and where the labor cost is not a prohibitive or fundamental issue.

Innovation has been a key success factor for the manufactures to date, and will continue to be an ai'ea of focus as competitive forces …

Teenage Consumer Behaviour: Factors That Influence Their Purchase Decisions Towards Clothing Brands., Regina Baylor

Theses

This study explores the perceptions held by Irish teenage consumers in relation to branded clothing and investigates the different factors which influence them in their decision-making process. In seeking to expand the understanding of teenage consumer behaviour and the factors that influence their clothing brand choices, this study focuses predominantly on the susceptibility of teenage consumers to peer and reference group influence. This study examines the social and psychological concepts of attributing status, social value and specific purchase intent to clothing brands in relation to teenage consumer decision-making.

This study is therefore interested in exploring the hypothesis that branded clothing …

Little To Large: Critical Success Factors & Implications For Sme's In Kerry And Rural Ireland., Noelle Foley

Theses

This research is unique in that it profiles the growth trajectories of three global knowledge based companies in rural Ireland. The chosen companies were start-up small businesses that became international global leaders in their selected fields. The selected companies range from different industries but share similar growth trajectories and factors which have enabled high growth. There was a gap in research regarding the growth factors which have allowed small to medium-sized enterprises develop into large corporations. This study took an in-depth look at how each company has managed the vital factors in their growth transition in the hope of applying …

Expected Idiosyncratic Skewness, Brian H. Boyer, Todd Mitton, Keith Vorkink

Faculty Publications

We test the prediction of recent theories that stocks with high idiosyncratic skewness should have low expected returns. Because lagged skewness alone does not adequately forecast skewness, we estimate a cross-sectional model of expected skewness that uses additional predictive variables. Consistent with recent theories, we find that expected idiosyncratic skewness and returns are negatively correlated. Specifically, the Fama-French alpha of a low-expected-skewness quintile exceeds the alpha of a high-expected-skewness quintile by 1.00% per month. Furthermore, the coefficients on expected skewness in Fama-MacBeth cross-sectional regressions are negative and significant. In addition, we find that expected skewness helps explain the phenomenon that …

Assessment Centers At The Crossroads: Toward A Reconceptualization Of Assessment Center Exercises, Filip Lievens, Robert P. Tett, Deidra J. Schleicher

Research Collection Lee Kong Chian School Of Business

Exercises are key components of assessment centers (ACs). However, little is known about the nature and determinants of AC exercise performance. The traditional exercise paradigm primarily emphasizes the need to simulate task, social, and organizational demands in AC exercises. This chapter draws on trait activation theory in proposing a new AC exercise paradigm. First, we develop a theoretical framework that addresses the complexity of situational characteristics of AC exercises as determinants of AC performance. Second, we argue for planting multiple stimuli within exercises as a structured means of eliciting candidate behavior. Third, we show how the new paradigm also has …

Business Schools And Management Research: A Uk Perspective, Howard Thomas

Research Collection Lee Kong Chian School Of Business

In recent years, the role and value of management research is being increasingly challenged because of the perceived imbalance between its rigour and relevance. The purpose of this paper is to review the progress of management research in the UK and focuses particularly on the need for sensible evaluation of the impact of management research. The paper outlines the research challenges faced by business schools from a UK perspective. It draws upon the author's experiences and the results of an analytic study of Economic and Social Research Council-sponsored research undertaken by the author in 2008. There is a perception that …

A Petri Net-Based Approach To Reconfigurable Manufacturing Systems Modeling, Linda L. Zhang, Brian Rodrigues

Research Collection Lee Kong Chian School Of Business

Reconfigurable manufacturing systems (RMSs) have been used to provide manufacturing companies with the required capacities and capabilities, when needed. Recognizing (1) the importance of dynamic modeling and visualization in decision making support in RMSs and (2) the limitations of the existing studies, we model RMSs based on Petri net (PN) techniques with focus on the process of reconfiguring system elements while considering constraints and system performance. In response to the modeling difficulties identified, a new formalism of colored timed PNs is introduced. In conjunction with colored tokens and timing in colored PNs and timed PNs, we further define a reconfiguration …

Idiosyncratic Risk And The Cross-Section Of Expected Stock Returns, Fangjian Fu

Research Collection Lee Kong Chian School Of Business

Theories such as Merton (1987, Journal of Finance) predict a positive relation between idiosyncratic risk and expected return when investors do not diversify their portfolio. Ang, Hodrick, Xing, and Zhang (2006, Journal of Finance 61, 259-299) however find that monthly stock returns are negatively related to the one-month lagged idiosyncratic volatilities. I show that idiosyncratic volatilities are time-varying and thus their findings should not be used to imply the relation between idiosyncratic risk and expected return. Using the exponential GARCH models to estimate expected idiosyncratic volatilities, I find a significantly positive relation between the estimated conditional idiosyncratic volatilities and expected …

Consumer Decision Making And Aging: Current Knowledge And Future Directions, Carolyn Yoon, Catherine A. Cole, Michelle P. Lee

Research Collection Lee Kong Chian School Of Business

We review existing knowledge about older consumers and decision making. We develop a conceptual framework that incorporates the notion of fit between individual characteristics, task demands and the contextual environment. When the fit is high, older consumers use their considerable knowledge and experience to compensate for the impact of any age-related changes in abilities and resources. When the fit is relatively low, older consumers feel increased need to adapt their decision making processes. We discuss these consumer adaptations and propose a number of research questions related to the processes underlying them in order to contribute to a better understanding of …

Investor Reaction To Women Directors, E. Kang, David K. Ding, C. Charoenwong

Research Collection Lee Kong Chian School Of Business

Existing studies on women directorships present equivocal results on the association between appointing women directors and firm performance. These studies tend to focus on western countries and largely ignore investors' reactions to such appointments. This paper applies the financial event study method and finds that investors generally respond positively to the appointment of women directors in Singaporean firms. Regression analyses also reveal that investors are most receptive when the women are independent directors and are least receptive when the directors assume the CEO role. This study not only tests the theory of gender diversity in an Asian context but also …

Business Aggression, Institutional Loans, And Credit Crisis: Evidence From Lending Practices In Leveraged Buyouts, Xiaping Jerry Cao, Wei-Ling Song, Joe Mason

Research Collection Lee Kong Chian School Of Business

This paper investigates the lending practices related to leverage buyouts (LBOs) market between high and low write-down institutions. The write-downs, which are a proxy for business aggression of institutions, are mainly related to credit crisis from the beginning of 2007 to August 10, 2008. We find that high (low) write-down institutions increase (decrease) loan market share dramatically during the period of 2001-2006. The increase is mainly driven by the segment of loans sold to institutional investors, such as collateralized loan obligations vehicle, hedge fund, and insurance companies. Institutional loans originated by high write-down institutions carry significantly fewer covenants and higher …

Maximizing Throughput Of Bucket Brigades On Discrete Work Stations, Yun Fong Lim, Kum Khiong Yang

Research Collection Lee Kong Chian School Of Business

One way to coordinate workers along an assembly line that has fewer workers than work stations is to form a bucket brigade. The throughput of a bucket brigade on discrete work stations may be compromised due to blocking even if workers are sequenced from slowest to fastest. For a given work distribution on the stations we find policies that maximize the throughput of the line. When workers have very different production rates, fully cross-training the workers and sequencing them from slowest to fastest is almost always the best policy. This policy outperforms other policies for most work distributions except for …

Stakeholder Influences On Diversification: Implications For Shareholders And Stakeholders, Partiban David, Jonathan P. O’Brien, Toru Yoshikawa, Andrew Delios

Research Collection Lee Kong Chian School Of Business

The article presents the results of research into the relative influence of stakeholders and shareholders on corporate strategic planning in terms of diversification and performance, focusing on concepts such as opportunity cost and rent appropriation. An overview of related previous studies is provided, along with details of the research protocol, which involved data analysis drawn from a sample of Japanese firms and their corporate profits from the years 1990 through 2004. A distinction between transactional and relational ownership is described, which can lead to different priorities in terms of profit and growth.

Changing To Daylight Saving Time Cuts Into Sleep And Increases Workplace Injuries, Christopher M. Barnes, David Turley Wagner

Research Collection Lee Kong Chian School Of Business

The authors examine the differential influence of time changes associated with Daylight Saving Time on sleep quantity and associated workplace injuries. In Study 1, the authors used a National Institute for Occupational Safety and Health database of mining injuries for the years 1983–2006, and they found that in comparison with other days, on Mondays directly following the switch to Daylight Saving Time—in which 1 hr is lost—workers sustain more workplace injuries and injuries of greater severity. In Study 2, the authors used a Bureau of Labor Statistics database of time use for the years 2003–2006, and they found indirect evidence …

Chinese Philanthropy In Southeast Asia: Between Continuity And Change, Thomas Menkhoff

Research Collection Lee Kong Chian School Of Business

What makes ethnic Chinese philanthropy tick? Thomas Menkhoff looks at what drives prominent Chinese business leaders to give back to society and offers a glimpse of the changing face of ethnic philanthropy.