Business Commons^™

Stability And Endogenous Formation Of Inventory Transshipment Networks, Xin Fang, Soo-Haeng Cho

Research Collection Lee Kong Chian School Of Business

This paper studies a cooperative game of inventory transshipment among multiple firms. In this game, firms first make their inventory decisions independently and then decide collectively how to transship excess inventories to satisfy unmet demands. In modeling transshipment, we use networks of firms as the primitive, which offer a richer representation of relationships among firms by taking the coalitions used in all previous studies as special cases. For any given cooperative network, we construct a dual price allocation under which the network is stable for any residual demands and supplies in the sense that no firms find it more profitable …

Managing The Accounting And Finance Function – Productivity Trends And Focus, Clarence Goh

Research Collection School Of Accountancy

We found that firms in Singapore, HongKong, Japan, and China tend to favourstaff-related initiatives over processrelatedones when looking to raiseproductivity, with this being relativelymore prominent in the more developedeconomies of Singapore, Hong Kongand Japan.

Raising The Bar: Trends In Implementing Productivity Initiatives In The Finance And Accounting Function, Clarence Goh

Research Collection School Of Accountancy

Faced with a tightening labour supply, raising productivity has become an increasingly important issue for manybusinesses in Singapore. To understand how this impacts the finance and accounting functions of businesses,the Institute of Singapore Chartered Accountants (ISCA) collaborated with Robert Half to survey over 550senior finance executives in Singapore and also the region to understand the focus of finance and accountingfunctions of businesses regarding raising productivity of these departments or functional units.

Should Singapore Adopt ‘Say On Pay’, Clarence Goh

Research Collection School Of Accountancy

In the corporate setting, the remuneration of chief executive officers (CEOs) and senior executives is typically determined by the board of directors. In many countries, corporate governance codes have been developed to provide guidance on such remuneration practices. However, there has been a recent trend of countries adopting regulations which allow shareholders some form of voting rights on executive remuneration. Such voting rights are commonly referred to as Say on Pay (SoP) votes.

Does It Pay To Outclass? Corporate Social Responsibility And Its Impact On Firm Value, C. Ferreira, David K. Ding, U. Wongchoti

Research Collection Lee Kong Chian School Of Business

We show that conventional aggregation of corporate social responsibility (CSR) raw scores and its interpreted impact on firm value is less than reliable. Instead, the value impact of CSR activities relies heavily on the industry-specific relative position of the firm. Firms that distinguish themselves over their peers are associated with an increased value. This finding is robust and holds for both responsible and irresponsible behavior. Information concerns and portfolio construction allude to a possible CSR clientele, suggesting the existence of an optimal CSR level. Our peer-effect results are robust to unobserved heterogeneity.

Firm Litigation Risk And The Insurance Value Of Corporate Social Performance, Ping-Sheng Koh, Cuili Qian, Heli Wang

Research Collection Lee Kong Chian School Of Business

This paper advances the risk management perspective that superior social performance enhances firm value by serving as an ex ante valuable insurance mechanism. We posit that good social performance is more valuable as an insurance mechanism for firms with higher litigation risks. Moreover, value generation of corporate social performance (CSP) depends on whether a firm has gained pragmatic legitimacy (i.e., a firm's financial health) and moral legitimacy (i.e., whether or not a firm operates in a socially contested industry) among its stakeholders. We find that the value of CSP as insurance against litigation risk is practically significant, adding 2 to …

2014-10-00 Concerns, Morehead State University. Staff Congress.

Staff Congress Records

Staff Congress concerns for October of 2014.

Using A Priority Grid As A Tool For Shaping Strategy And Building Impact, Lori Fuller

The Foundation Review

· This article describes the priority grid – an analytic tool to assess grant proposals – and how it has fundamentally changed and improved the work of the Kate B. Reynolds Charitable Trust.

· Developed by the Trust, the priority grid focuses staff attention on key strategic elements: alignment with focus areas, depth of impact, and scope of impact. It has also served as an agent to develop, disseminate, and implement a foundation’s grantmaking strategy, helping program officers understand how specific projects serve the larger goal and cultivate projects and applications that align with the foundation’s long-term mission.

· With …

Ripple Effects Of Process Change, Rebekah Usatin, Nancy Herzog, Myriam Fizazi-Hawkins

The Foundation Review

· Decisions to change processes in one area have the potential to cause ripples throughout the entire grantmaking process, impacting both donor and grantee. Recognizing this, the National Endowment for Democracy (NED) thoroughly examines and/or tests any changes before they are integrated into the grantmaking practice. In 2009, NED launched a pioneering grantee self-evaluation process that significantly altered its grantmaking processes.

· This article describes how NED tasked a team of staff from the different sections of its grantmaking program to determine the most effective way to capture the information needed to determine whether a grant should be recommended for …

Executive Summary

The Foundation Review

No abstract provided.

Front Matter

The Foundation Review

No abstract provided.

Climbing The Mountain: An Approach To Planning And Evaluating Public-Policy Advocacy, Sam Gill, Tom Freedman

The Foundation Review

· This article proposes a new methodology for planning and evaluating public-policy advocacy. The methodology is designed around a series of stages, each with a different set of strategic planning and assessment requirements.

· The article suggests that both planning and evaluative approaches that fail to take account of the necessary stages required to develop and then implement an advocacy strategy will likely assign the wrong indicators of success.

· This analysis is based on direct experience working with both policy processes and a wide range of foundations and nonprofits that have invested in public-policy advocacy, including the Rockefeller, Ford, …

Financial Analysis For Measuring And Comparing Risk In Grantmaking Portfolios, Sheena Ashley, Lewis Faulk

The Foundation Review

· Risk has not been treated in a systematic way that allows for a rich understanding of the extent to which foundations are, or should be, incorporating or evaluating risk in philanthropy.

· In this article, we conceptualize and develop a tool to evaluate the levels of philanthropic risk that foundations maintain through their grant portfolios.

· We create an index of aggregated risk at the portfolio level using several financial indicators based on previous theory and literature. Then, we test the index on a sample of foundations and their grantees in the state of Georgia and compare risk levels …

The Impact Grants Initiative: Community-Participatory Grantmaking Modeled On Venture Philanthropy, Adin Miller, Elisa Gollub, Ilana Kaufman, Adina Danzig Epelman

The Foundation Review

· The Jewish Community Federation and Endowment Fund (JCF) launched the Impact Grants Initiative (IGI), a model of grant making based on venture philanthropy, but offering high engagement opportunities for previously unaffiliated local donors and community leaders.

· Before adopting the IGI model, the JCF used a community-participatory grantmaking approach that had become stale in engaging its donors, community leaders, and professional staff. Younger existing and potential donors were developing interests in documented outcomes, metrics, and impact, and those interests did not align with JCF’s grantmaking approach.

· IGI builds on the concepts of venture philanthropy, combining theories and techniques …

Editorial, Michelle Greanias

The Foundation Review

No abstract provided.

In Other Words, The Budgets Are Fake: Why One Funder Eliminated Grantee Budgets To Improve Financial Due Diligence, Molly Schultz Hafid, Carol Cantwell

The Foundation Review

· In 2013, the Unitarian Universalist Veatch Program at Shelter Rock eliminated budgets from its application requirements. Over the last 18 months, it has worked to overhaul the financial information it requests and the ways in which it is used.

· This article examines the role of financial information in the grant application process, the practice of developing and reviewing funder budgets, and the ways in which they too often fail to provide information relevant to a thorough review of the financial health of a nonprofit organization.

· The Veatch Program provides a case study in how to engage board …

Back Matter

The Foundation Review

No abstract provided.

Bicultural Social Identity: Do Biculturals Assess Workplace Deviance Differently Across Different Ethnicities?, Andy Y. Chiou

Dissertations, Theses, and Capstone Projects

Research on biculturals has informed us much regarding their cognition and identity integration, however little as to the bicultural perception of in- and out-groups, and whether it can be primed. I examined this question in a workplace setting using the black sheep framework, specifically: Given the activation of one of a bicultural's specific cultural identities, will he or she allocate punishment to deviant employees of different cultural backgrounds differently based on whether he or she views them as an in-group or out-group member? In Study 1, I show that Asian-American biculturals do assess deviant employees of different cultural backgrounds differently …

The Impact Of Symbiotic Visions: Increasing Engagement And Motivation Through Vision Alignment, Jodi Berg

Student Scholarship

It is believed that symbiotic visions can drive employees and organizations toward a common objective based on the premise that people will attain a higher level of motivation and engagement when they are working toward a personal purpose. The field of organizational development has been aspiring to help organizations and people align their vision for decades without much, if any, empirical support for the assumption that alignment helps. This qualitative study examines the impact of a company's aspirational vision statement, or higher purpose, on motivating and engaging employees. The presence and lack of congruency between senior managers' personal callings and …

Regulation By Hypothetical, Mehrsa Baradaran

Scholarly Works

A new paradigm is afoot in banking regulation—and it involves a turn toward the more speculative. Previous regulatory instruments have included geographic restrictions, activity restrictions, disclosure mandates, capital requirements, and risk management oversight to ensure the safety of the banking system. This Article describes and contextualizes these regulatory tools and shows how and why they were formed to deal with industry change. The financial crisis of 2008 exposed the shortcomings in each of these regimes. In important ways, the Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”) departs from these past regimes and proposes something new: Call it …

Perceived Executive Leader’S Integrity In Terms Of Servant And Ethical Leadership On Job Burnout Among Christian Healthcare Service Providers: Test Of A Structural Equation Model, Jerry L. Chi, Grace Chu-Hui-Lin Chi

Faculty Publications

Integrity is a key component in the definition of servant and ethical leadership, and honesty, authenticity, sincerity, respect and righteousness are major virtues and descriptors that make up this leadership integrity. Many leadership studies indicate that the lack of integrity from a leader, as well as the perception of the lack thereof, will exhaust the employees’ exhilaration, degrade their physical and psychological health, and lead to frustration, fatigue and anxiety. For human service professions, this has become an occupational hazard for human service professions and is regarded as the last straw for workers, causing people to burnout and quit their …

Dynamic Capabilities And The Business School Of The Future, Howard Thomas, Peter Lorange, Jagdish Sheth

Research Collection Lee Kong Chian School Of Business

Business schools need to focus more clearly on their dynamic capabilities in order to re-invigorate and re-develop themselves and their students.

Leveling The Playing Field: Financial Regulation And Disappearing Local Bias Of Institutional Investors, Gennaro Bernile, Alok Kumar, Johan Sulaeman

Research Collection Lee Kong Chian School Of Business

This study examines how changes in firms’ information environment affect local agents. We show that local bias and informational advantage of institutional investors and equity analysts located around corporate headquarters decline sharply following the adoption of Regulation Fair Disclosure and Sarbanes-Oxley Act. The decline in local bias is more salient among firms whose information environment is more opaque before the new rules. At the aggregate market level, the degree of informed trading attributed to local investors also declines. Overall, the evidence is consistent with disclosure regulation affecting the informational advantage that market participants enjoy due to their proximity to firms.

Organizations With Purpose: From The Editors, Elaine Hollensbe, Charles Wookey, Loughlin Hickey, Gerard George, Vincent Nichols

Research Collection Lee Kong Chian School Of Business

Trust in business is improving from its nadir in 2009, but still remains dishearteningly low. Recent surveys report that only one in four members of the general public trusts business leaders to correct issues, and only one in five trusts them to tell the truth and make ethical and moral decisions. The 2014 Edelman Trust Barometer, a 27-country survey with more than 33,000 respondents, finds that overall trust declined across countries and sectors, with CEOs ranking second lowest at 43% and government officials the lowest at 36% as credible spokespeople to win public trust (Edelman Berland, 2014). This public distrust …

It’S Alive! How Kinetic Property In Ads Shapes Novelty Perceptions, Junghan Kim, Arun Lakshmanan

Research Collection Lee Kong Chian School Of Business

We propose that speed and direction changes in moving ad elements influence product novelty perceptions. Three studies show thatinanimate but moving elements within an advertisement enhance novelty perceptions due to their kinetic property. Further, we showthat this effect is driven by perceptions of ad aliveness and product atypicality.

Finance And Social Responsibility In The Informal Economy: Institutional Voids, Globalization And Microfinance Institutions, Hao Liang, Chris Marquis, Sunny Li Sun

Research Collection Lee Kong Chian School Of Business

We examine how different types of country-level globalization and the industry structure of microfinance institutions (MFIs) affect organization-level microcredit interest rates which crucially affect the poor's entrepreneurial opportunities. We develop an opportunity structure perspective that argues that MFI interest rates can be reduced by egalitarian-based social globalization but increased by neoliberal-based economic globalization. Moreover, stronger presence of nonprofit organizations in the microfinance industry lowers interest rates. Furthermore, these three forces can moderate the relationship between MFIs' outreach to the poor and average interest rate. Analyses of 2,559 MFI observations across 74 countries from 2002 - 2012 largely support our hypotheses.

Interpersonal Trust Within Negotiations: Meta-Analytic Evidence, Critical Contingencies, And Directions For Future Research, Dejun Tony Kong, Kurt T. Dirks, Donald L. Ferrin

Research Collection Lee Kong Chian School Of Business

Trust has long been recognized by scholars and practitioners alike as an important factor for negotiation success. However, there has been little effort to date to empirically review or theoretically synthesize the research on trust in the context of negotiations. We present a social exchange framework that describes the processes through which trust influences negotiation behaviors and outcomes. We identified three critical contingencies that modified the effects of trust on negotiation behaviors and outcomes. A meta-analysis on a sample of 38 independent studies provided considerable support for the model and also confirmed the importance of the three contingencies for understanding …

2014 A National Review Of Community Leadership Programs, Caster Family Center For Nonprofit And Philanthropic Research, University Of San Diego

Nonprofit Leadership and Capacity Building

In May 2014, LEAD San Diego commissioned the Caster Center for Nonprofit and Philanthropic Research (Caster Center) to conduct a national review of organizations that support leadership development and civic engagement (i.e., community leadership programs). The Caster Center researched 32 such organizations and conducted phone interviews with 12 of them. The interviewed organizations included nine community leadership programs: six were independent nonprofits, two were nonprofits housed within a Chamber of Commerce, and one was a Chamber of Commerce program. The remaining interviews were with two statewide community leadership programs that were foundation funded and a university research center.

A New Hedonic Regression For Real Estate Prices Applied To The Singapore Residential Market, Jiang Liang, Peter C. B. Phillips, Jun Yu

Research Collection School Of Economics

This paper develops a new hedonic method for constructing a real estate price index that utilizes all transaction price information that encompasses both single-sale and repeat-sale properties. The new method is less prone to specification errors than standard hedonic methods and uses all available data. Like the Case-Shiller repeat-sales method, the new method has the advantage of being computationally efficient. In an empirical analysis of the methodology, we fit the model to all transaction prices for private residential property holdings in Singapore between Q1 1995 and Q2 2014, covering several periods of major price fluctuation and changes in government macro …

2014-September-30-2014 Annual Staff Convocation, University Marketing And Communications, East Tennessee State University

ETSU News

No abstract provided.