69,804 research outputs found

    Corporate Hierarchies and the Size of Nations: Theory and Evidence

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    Corporate organization varies within a country and across countries with country size. The paper starts by establishing some facts about corporate organization based on unique data of 660 Austrian and German corporations. The larger country (Germany) has larger firms with flatter and more decentralized corporate hierarchies compared to the smaller country (Austria). Firms in the larger country change their organization less fast than firms in the smaller country. Over time firms have been introducing less hierarchical organizations by delegating power to lower levels of the corporation. We develop a theory which explains these facts and which links these features to the trade environment that countries and firms face. We introduce firms with internal hierarchies in a Krugman (1980) cum Melitz and Ottaviano (2007) model of trade. We show that international trade and the toughness of competition in international markets induce a power struggle in firms which eventually leads to decentralized corporate hierarchies. We offer empirical evidence which is consistent with the models predictions

    Corporate Hierarchies and the Size of Nations: Theory and Evidence

    Get PDF
    Corporate organization varies within a country and across countries with country size. The paper starts by establishing some facts about corporate organization based on unique data of 660 Austrian and German corporations. The larger country (Germany) has larger firms with flatter more decentral corporate hierarchies compared to the smaller country (Austria). Firms in the larger country change their organization less fast than firms in the smaller country. Over time firms have been introducing less hierarchical organizations by delegating power to lower levels of the corporation. We develop a theory which explains these facts and which links these features to the trade environment that countries and firms face. We introduce firms with internal hierarchies in a Krugman (1980) model of trade. We show that international trade and the toughness of competition in international markets induce a power struggle in firms which eventually leads to decentralized corporate hierarchies. We offer econometric evidence which is consistent with the models predictions

    Contribution structures

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    The invisibility of the individuals and groups that gave rise to requirements artifacts has been identified as a primary reason for the persistence of requirements traceability problems. This paper presents an approach, based on modelling the dynamic contribution structures underlying requirements artifacts, which addresses this issue. We show how these structures can be defined, using information about the agents who have contributed to artifact production, in conjunction with details of the numerous traceability relations that hold within and between artifacts themselves. We describe a scheme, derived from work in sociolinguistics, which can be used to indicate the capacities in which agents contribute. We then show how this information can be used to infer details about the social roles and commitments of agents with respect to their various contributions and to each other. We further propose a categorisation for artifact-based traceability relations and illustrate how they impinge on the identification and definition of these structures. Finally, we outline how this approach can be implemented and supported by tools, explain the means by which requirements change can be accommodated in the corresponding contribution structures, and demonstrate the potential it provides for "personnel-based" requirements traceability

    Agency Theory and Supply Chain Management: Goals and Incentives in Supply Chain Organisations

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    Purpose Agency theory (AT) offers opportunities to examine how the risk of opportunism can be prevented or minimised along supply chain organisations using incentives to achieve goal alignment. Methodology The study presents evidence of how members of such organisations achieve goal alignment through the use of incentives by empirically examining two complete supply chain organisations, including final customers, within the UK agri-food industry using a case study methodology. Findings The findings show that contractual goals can be divided into two different categories, shared supply chain organisational goals, and independent goals of each individual participant. In addition to monitoring ability, incentives can also be classified into short term financial and long term social incentives. Product attributes, in particular credence attributes, are also identified as having implications for both goals and incentives. Research limitations The supply chain perspective and case study methodology mean that the research findings cannot be generalised to other supply chains. A further limitation of the research is the use of different methods of data collection at the final customer point. Practical Implications Managers must ensure that appropriate incentives for all departments and individuals are designed to deliver the strategic goals of the supply chain organisation

    Procuring electronic information: new business models in the context of the supply chain

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    Examines the information value chain and some of its concepts, first for printed information and second for electronic information. Discusses the procurement process and, in the light of the analysis made earlier in the paper, evaluates the various emerging models for procuring electronic information

    The information value chain: emerging models for procuring electronic publications

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    The first part of this paper examines the information supply chain and some of its concepts; particular attention is paid to features differentiating electronic from printed information. The second part discusses the procurement process and, in the light of the analysis made in the first part, evaluates the various models for procuring electronic information

    International Outsourcing and Incomplete Contracts

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    International outsourcing to lower cost countries such as China and India can best be understood through the enrichment of trade models to include concepts from industrial organization and contract theory that explain the vertical organization of production. The combination of trade with the choice of organizational form represents an important new area for both theoretical and empirical research. This survey paper provides a perspective on this new literature so as to gain insights into the forces driving international outsourcing. The paper focuses on relationship-specific investment, incomplete contracts, and also search and matching, as fundamental concepts that explain outsourcing decisions.

    Governance Issues in the Principal-Agent Framework: Producing Cellulosic Ethanol in Michigan

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    This article analyzes the incentives and compensation problems faced by cellulosic ethanol producer and logging firms and the consequent impact on the organization of the wood based cellulosic ethanol industry in the US. The success of this relationship is central to setting up the biofuel industry in Michigan and in the US at large. The theoretical results indicate that specification contract under the principal-agent framework is of limited utility due to’ metering’ problem when the principal contracts with multiple agents for the supply of feedstock.. Alternative arrangements including JVs have the potential to provide close to first best solutions.Principal-Agent, Cellulosic Ethanol, Michigan, Multiple agents, Asymmetric Information, Agribusiness, Institutional and Behavioral Economics, Resource /Energy Economics and Policy, D82, D86, L23, L24, Q42,

    INTERRELATIONSHIP BETWEEN EARNINGS MANAGEMENT AND CORPORATE SOCIAL RESPONSIBILITY REPORTING Research on Indonesian Listed Companies in BEI for 2012-2013

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    This research aims to examine the interrelationship between earnings management (EM) and corporate social responsibility reporting (CSR). This research uses GRI G3.1 Indeces to measure CSR while earnings management is measured with real activities manipulation proxie. Population of this research is all Indonesian Listed Companies in Indonesian Stock Exchange for the year 2012 and 2013. Companies from financial and banking groups are excluded because they have the characteristics of assets which are very different from the other industries. Two-Stages Least Squares (2SLS) Analysis on SPSS22 is used to examine the data. This research indicates that there is simoultanity relationship between earnings management and CSR reporting. But then, only CSR reporting which affects earnings management practices, but it isn’t found prove that earnings management affects CSR reporting
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