851,862 research outputs found
Equity crowdfunding, shareholder structures, and firm performance
This is the author accepted manuscript. The final version is available from Wiley via the DOI in this record.Research question/issue: This paper provides a first-time glimpse into the postcampaign financial and innovative performance of equity-crowdfunded (ECF) and matched nonequity-crowdfunded (NECF) firms. We further investigate how direct and nominee shareholder structures in ECF firms are associated with firm performance. Research findings/insights: We find that ECF firms have 8.5 times higher failure rates than matched NECF firms. However, 3.4 times more ECF firms have patent applications than matched NECF firms. Within the group of ECF firms, we find that ECF firms financed through a nominee structure make smaller losses, whereas ECF firms financed through a direct shareholder structure have more new patent applications, including foreign patent applications. Theoretical/academic implications: Our findings suggest that there are important adverse selection issues on equity crowdfunding platforms, although these platforms also serve as a catalyst for innovative activities. Moreover, our findings suggest that there is a more complex relationship between dispersed versus concentrated crowd shareholders and firm performance than currently assumed in the literature. Practitioner/policy implications: For policy makers and crowdfunding platforms, investor protection against adverse selection will be important to ensure the sustainability of equity crowdfunding markets. For entrepreneurs and crowd investors, our study highlights how equity crowdfunding and the adopted shareholder structure relate to short-term firm performance.Research Foundation—Flander
On Becoming a Strategic Partner: The Role of Human Resources in Gaining Competitive Advantage
Although managers cite human resources as a firm\u27s most important asset, many organizational decisions do not reflect this belief. This paper uses the VRIO (value, rareness, imitability, and organization) framework to examine the role that the Human Resource (HR) function plays in developing a sustainable competitive advantage. We discuss why some popularly cited sources of sustainable competitive advantage are not, and what aspects of a firm\u27s human resources can provide a source of sustainable competitive advantage. We also examine the role of the HR executive as a strategic partner in developing and maintaining competitive advantage within the firm
The transitioning process: A qualitative case study of international swimming and diving student-athletes competing in the NCAA
Prior studies examining international student-athletes’ transition experiences to life on American colleges campuses have generally focused on outcomes related to their recruiting experience and change adaptation. Few studies included the adjustment process and challenges faced by the individuals. The primary purpose of this case study was to add to the existing literature by expanding on the psychological transition process of international swimming and diving student-athletes experience after joining an American intercollegiate athletics team. Utilizing Bridges (1986) model, the present study employed semi-structured interviews amongst 10 international student-athletes from a large NCAA Division I university. A thematic analysis revealed seven major themes, which were: realization that change was necessary, reflecting on the decision, language barrier, education system, cultural adjustment and valuable lessons,international bond, and words of wisdom. The findings suggested transition is a multi-stage process that occurs throughout student-athletes’ experiences on campus.
Key words: college athletics, international student-athletes, transitioning proces
Utility Analysis for Multiple Selection Devices and Multiple Outcomes
Traditional utility analysis only calculates the value of a given selection procedure over random selection. This assumption is not only an inaccurate representation of staffing policy but leads to overestimates of a device\u27s value. This paper generates a new utility model that accounts for multiple selection devices and multiple criteria. The model is illustrated using previous utility analysis work and an actual case of secretarial employees with eight predictors and nine criteria. A final example also is provided which includes these advancements as well as other researchers\u27 advances in a combined utility model. Results reveal that accounting for multiple criteria and outcomes dramatically reduces the utility estimates of implementing new selection devices
Return migration: theory and empirical evidence
In this paper we discuss forms of migration that are non-permanent. We focus on
temporary migrations where the decision to return is taken by the immigrant. These
migrations are likely to be frequent, and we provide some evidence for the UK. We
then develop a simple model which rationalizes the decision of a migrant to return to
his home country, despite a persistently higher wage in the host country. We
consider three motives for a temporary migration: Differences in relative prices in
host- and home country, complementarities between consumption and the location
where consumption takes place, and the possibility of accumulating human capital
abroad which enhances the immigrant's earnings potential back home. For the last
return motive, we discuss extensions which allow for immigrant heterogeneity, and
develop implications for selective in- and out- migration
Understanding the Footprint of the RBV in International Business Studies: the Last Twenty Years of Research
International business (IB) research has evolved substantially over the past four decades incorporating new concerns and theoretical contributions. During the past two decades, the Resource-Based View (RBV) has gained the preference of many IB scholars and has gradually become one of the dominant theoretical perspectives for studying IB decisions and operations. The 1991 article “Firm resources and sustained competitive advantage” by Jay Barney is recognized as a fundamental contribution to the Resource-Based View (RBV). In this paper we assess the influence of the RBV, proxied by Jay Barney’s (1991) article, on IB research over the twenty years period, from 1991 to 2010. In this bibliometric study of the articles published in the leading journal for IB research – Journal of International Business Studies (JIBS) – we conduct citation and co-citation analyses, the networks of co-authorship, and delve into the analysis of the key research topics. Beyond understanding the extant research we also contribute to i identifying future research avenues.info:eu-repo/semantics/publishedVersio
Curating E-Mails; A life-cycle approach to the management and preservation of e-mail messages
E-mail forms the backbone of communications in many modern institutions and organisations and is a valuable type of organisational, cultural, and historical record. Successful management and preservation of valuable e-mail messages and collections is therefore vital if organisational accountability is to be achieved and historical or cultural memory retained for the future. This requires attention by all stakeholders across the entire life-cycle of the e-mail records.
This instalment of the Digital Curation Manual reports on the several issues involved in managing and curating e-mail messages for both current and future use. Although there is no 'one-size-fits-all' solution, this instalment outlines a generic framework for e-mail curation and preservation, provides a summary of current approaches, and addresses the technical, organisational and cultural challenges to successful e-mail management and longer-term curation.
Identifying and Encouraging Leadership Potential: Assessment Technology and the Library Profession
published or submitted for publicatio
Optimization modelling for analyzing fantasy sport games
In a fantasy sport game, participants act like a team manager building a team of real individual players of a professional sport. The real performances of these players (or their teams) are translated into points for their team managers. The managers’ aim is to collect as many points as possible thereby defeating the fantasy teams of opponents. First, we discuss a number of common game rule characteristics of fantasy sport games. Based on these characteristics, we present a mixed integer programming model to produce and analyze ex-post results for a large variety of fantasy sport games. We discuss how these results create value for both the game organizer and the participants. Finally, we apply our system in practice to a fantasy cycling game
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