Overseas Entry Decision and Ownership Strategy of Japanese Companies: Institution and Corporate Governance

Using 20-year panel data, this paper tests Japanese companies' sequential decisions: (1) to invest abroad or not and (2) if so, what ownership strategy for that local company to be employed. In addition to transaction advantage emphasized by traditional studies on FDI, the focus is the role of corporate governance of the parent companies and institutional environment of the host countries. Through Heckman's two-step estimation, corporate governance is found to play an important role for entry decision but not for ownership strategy. Transaction cost approach has been well supported for entry decision. Most importantly, an institutional environment favorable to MNEs leads to higher level of ownership of local companies. Firm size plays a significant role for FDI decision as well as for ownership decisionSample selection bias; Entry decision; Ownership strategy; Corporate governance; Institution

Governance and Enterprise Restructuring - the case of Macedonia

This paper is a case study of the Republic of Macedonia (Southeast Europe), which focuses on examining governance and enterprise restructuring. Governance and enterprise restructuring is already defined indicator in EBRD’s studies and transition reports, measuring the effective corporate governance and corporate control exercised through domestic financial institutions and markets, fostering market-driven restructuring. As of the beginning of the transition process, governance and enterprise restructuring remains in the center, as essential pillar, that moves forward the society towards developed market economy. The data used in this article are analyzed with an econometric regression model, which as employed in this study examines the interrelationships between governance and enterprise restructuring and set of policies that influence the governance patterns.governance, corporate governance, management strategy, transition, Southeast Europe, Macedonia

Organization and Strategy of Farmer Specialized Cooperatives in China

A description and analysis of China's Farmer Specialized Cooperatives is presented. Data is presented regarding the historical development of farmer cooperatives in China, the membership composition of a sample of 66 farmer cooperatives in the Zhejiang province, and the various attributes (governance, quality control system, and strategy) of a watermelon cooperative in this province. Many cooperatives are being transformed in organizations with a market orientation. These cooperatives exhibit substantial heterogeneity, in terms of farmers being member and skewness in the distribution of control rights. Human asset specificity in terms of establishing and maintaining relations and access to markets seems to be more important than physical asset specificity in accounting for governance structure choice in the current institutional setting.Farmer Cooperative, China, Governance Structure, Business Strategy, Agribusiness, Q13,

The Current Standing and Future Prospects of ARTS and Culture in Ethiopia

This research article explores the current state of affairs of arts and culture sector in Ethiopia. An in-depth analysis of various dimensions of art and culture highlights where the country is presently lacking in governance and socio-economic progress in the sector. A qualitative research was carried out to collect primary data. 52 respondents were chosen to be interviewed from Bahir Dar University by the method of quota sampling and the results were analyzed. Secondary data was also analyzed through academic literature from universities in Ethiopia, reports from government and development organizations. Survey results and existing academic literature have guided to single out major hindrances to this sector. In this research it can be confirmed, that the arts and culture sector needs a major intervention in terms of governance and marketing. This research gives out a very structural strategy, based on cultural governance, cultural economics and strategies of new business development as it pillars to support the prosperity of this sector in Ethiopia. The existing academic research provides data on different arts and culture and problems which are specific to a particular region of the country. Whereas this article goes a step further in enforcing the ordinance of cultural governance to the responsible government bodies both locally and nationally and simultaneously highlights how economic progress can be achieved through this sector. Cultural governance as a directive has never been implemented in transition economies and this article will serve as a directive for the future. This article shall be very beneficial for further research in this sector and structuring the work of government bodies, stake holders and the people involved in the sector within Ethiopia

Leading Manufacturing Sectors in the USA and Japan During 1899-1937 and Organizational Innovations: Embeddedness for Corporate Strategy

Organizational innovations (OIs) such as scientific management, integration of mass production and mass distribution, and particular types of corporate governance played a preponderant role in the economic development of the USA during the period 1880s to 1920s. To provide some further evidence of this role, historical data analyzed by Kuznets (1971) are scrutinized in this paper by calculating total factor productivity (TFP) for manufacturing sectors in the USA, and the impact of OIs on leading sectors is briefly explored in the light of these TFPs. Thus this paper provides quantitative evidence that leading sectors are linked with OIs during the examined period. In the light of this evidence the following proposition is made: leading sectors and OIs can be considered as a process of ‘embeddedness’ (Granovetter, 1985) for corporate strategy, governance, and leadership.manufacturing sectors, USA, Japan, embeddedness, corporate strategy

Governance strategies in sustainable campus using Rasch model

In moving towards sustainability, university needs to establish a good governance strategy which practices to transform a positive sustainable culture toward successful green campus. Howe ver, due to constraint of knowledge and commitment regarding sustainability integration has caused weakness in the implementation of green concept in majority of Malaysian universities. This paper is presents one of the five dimensions of a developed hypot hetical integrated sustainable campus model which is university governance. The university governance dimension consists of 5 constructs and 23 items which are strategies for the university to be complied. These strategies were uncovered using questionnair e survey with 35 selected experts who are currently active in sustainable campus activities and researches. Collected data from this survey was analysed using Rasch method in Winstep software to measure items reliability, separation index, items polarity, item fit and item person map. Results from the analysis indicated that 19 strategies were significant to be implemented. Thus, it provides good information for universities to adopt these sustainable campus strategies in making their campus as a role mode l for a sustainable and conducive living environment

Royal Ahold: A Failure of Corporate Governance and an Accounting Scandal

Royal Ahold (Koninklijke Ahold NV) was one of the major success stories in the 1990s and is one of the major failures, suffering a complete meltdown, in 2003.We investigate the strategy, accounting transparency and corporate governance of Ahold; elements which jointly drive the firm s performance over this period of time.In general, the corporate governance, accounting transparency, strategy and firm performance relationships are complex.There is not a fully specified model available to address the inter-relationships, including the endogeneity problem.The econometrics are difficult and constrained not only by the lack of a fully specified theory but also by data availability. Our clinical study overcomes these problems by providing an in-depth analysis of the inter-relationships among corporate governance, accounting transparency and strategy that lead to Ahold s downfall.We provide insights into these relationships and their complexity that present theory and empirical studies cannot address.international economics;financial economics;financial reporting;law and economics;corporate governance;regulation

Governance and enterprise restructuring - the case of Macedonia

This paper is a case study of the Republic of Macedonia (Southeast Europe), which focuses on examining governance and enterprise restructuring. Governance and enterprise restructuring is already defined indicator in EBRD’s studies and transition reports, measuring the effective corporate governance and corporate control exercised through domestic financial institutions and markets, fostering market-driven restructuring. As of the beginning of the transition process, governance and enterprise restructuring remains in the center, as essential pillar, that moves forward the society towards developed market economy. The data used in this article are analyzed with an econometric regression model, which as employed in this study examines the interrelationships between governance and enterprise restructuring and set of policies that influence the governance patterns.governance, corporate governance, management strategy, transition, Southeast Europe, Macedonia

Hutcheson Medical Center: Focusing on Personal Interactions

Outlines elements of a strategy for high patient satisfaction focused on patient-staff interactions and patients' needs, including a culture of customer service, shared governance, better data collection, more visible leaders, and evidence-based practice

Governing network evolution in the quest for identity

This paper provides a managerial account of network governance by exploring how initially non-powerful agents, driven by the quest for distinctive identity, shape the governance of their networks over time. The research design is that of a longitudinal comparative case study of the trajectories of three renowned, Oscar-winning Spanish filmmakers. It scrutinizes data coming from original interviews, as well as from multiple secondary data sources, in order to illustrate the propositions advanced. The paper's contribution is sought: 1) in proposing a micro-level framework for systematic thinking about network governance evolution, distinguishing four dimensions (co-governance, structure, strategy, and pace) and their respective sub-categories; 2) in advancing three peculiar identity profiles with different implications for the evolution of network governance (i.e., a maverick, an integrated professional, and a broker); 3) in bringing together two bodies of literature that have not conversed frequently (i.e., network governance and identity) in a largely overlooked cultural and historical context, that of Spain after the transition to democracy in 1975.Network governance; Management