Business Commons^™

Investment Motives And Non-Traditional Foreign Direct Investment, Jianhua Zhu

Electronic Thesis and Dissertation Repository

This dissertation examines the characteristics and performance of non-traditional investment motives, with a secondary focus on small-employment subsidiaries. It also investigates how firms re-evaluate and change their organizational control after an industry-wide consumer confidence crisis.

Essay 1 (Chapter 2) examines the characteristics and performance of subsidiaries according to different investment purposes, with a special emphasis on non-traditional investment motives. The key characteristics examined in Essay 1 include the size of an affiliate, the ownership mode, expatriate control, and performance. It finds that FDI with a support function differs substantially from a typical manufacturing facility. Meanwhile, there is a huge difference …

Portfolio Turnover Activity And Mutual Fund Performance, Claudia Champagne, Aymen Karoui, Saurin Patel

Business Publications

We propose a new measure of portfolio activity, the Modified Turnover, which represents the portion of the portfolio that the manager changes from one quarter to the next. Compared with the traditional turnover, our Modified Turnover measure relies on portfolio holdings and takes into account the effects of offsetting trades and fund flows on portfolio turnover. We find evidence that high Modified Turnover predicts lower performance. The comparison between the highest and lowest quintiles sorted based on Modified Turnover reveals a difference of -2.41% in the annual risk-adjusted return. Furthermore, high Modified Turnover predicts lower net flows. We also find …

The Impact Of Growth, Governance, And Geography On Franchise Performance, Moeen Naseer Butt

Electronic Thesis and Dissertation Repository

Growing franchise systems are admired and rewarded favorably by press, seen as “growth engines” in investor stock portfolios, and attract significant interest from potential franchisees. Yet growth brings with it the specter of intra-brand competition, and its attendant ill effect of sharply reducing the motivation of franchisees – the very drivers of such growth. Facing competition from their very own, franchisees indulge in shirking, in turn eliciting franchisor terminations in ever greater numbers as they run afoul of the franchise agreement. These franchisor terminations, in turn, may subsequently affect the financial position of franchise systems in terms of sales and …

Human Resource Management Practices And Performance: A General Systems Perspective, Duckjung Shin

Electronic Thesis and Dissertation Repository

This thesis consists of three essays on strategic human resource management (SHRM) based on general systems theory. The first essay introduces a systems perspective on SHRM, the second essay applies the feedback concept, and the third essay considers implementing human resource management (HRM) practices as adaptive systems. The three essays suggest that general systems theory extends the SHRM literature by considering antecedents, processes, and consequences of HRM in modern organizations.

In the first essay, I review the SHRM literature and identify four traditions in SHRM studies (economic, psychological, sociological, and critical perspectives). I propose a systems perspective on SHRM as …