3,748 research outputs found

    Cash Conversion Cycle Management in Small Firms Relationships with Liquidity, Invested Capital, and Firm Performance

    Get PDF
    This study investigated the relationship between cash conversion cycle and levels of liquidity, invested capital, and performance in small firms over time. In a sample of 879 small U.S. manufacturing firms and 833 small U.S. retail firms, cash conversion cycle was found to be significantly related to all three of these aspects. Firms with more efficient cash conversion cycles were more liquid, required less debt and equity financing, and had higher returns. The results also indicate that small firm owners/managers may be reactive in managing cash conversion cycle. The study highlights the importance of cash conversion cycle as a proactive management tool for small firm owners

    SP Equity Case Study

    Get PDF
    This case involves an entrepreneur who raises a search fund to pursue the acquisition of a software firm. It is intended for the deal structure segment of an entrepreneurial finance course, as it illustrates stages of financing, returns to investors, layering of debt and equity, and valuation, as well as the search/acquisition process. The case is positioned with the entrepreneur having found an “ideal” company to acquire; however, three days prior to closing, he has uncovered some information the seller had been trying to hide. He now needs to decide whether he should continue with the deal

    Downsizing and Structural Holes: Their Impact on Layoff Survivors’ Perceptions of Organizational Chaos and Openness to Change

    Get PDF
    Organizational downsizing places many strains on surviving employees. Despite the implicit relationship between changes to communication networks and employee responses, few studies examine downsizing-induced network changes or the impact of these changes on employees. This longitudinal investigation examined fluctuations in structural holes within a hospitality company\u27s corporate headquarters resulting from the loss and gain of communication contacts. Building on Burt\u27s treatise on structural holes, we tested a measurement of structural holes and its relationship to layoff survivors\u27 perceptions of organizational chaos and their willingness to participate in planned, post downsizing changes. Although the downsizing had a modest impact on surviving employees\u27 structural hole experiences overall, the structural hole index was a significant predictor in longitudinal and within time period comparisons of employees’ perceptions of chaos and openness to change

    Quantum logic gates for coupled superconducting phase qubits

    Full text link
    Based on a quantum analysis of two capacitively coupled current-biased Josephson junctions, we propose two fundamental two-qubit quantum logic gates. Each of these gates, when supplemented by single-qubit operations, is sufficient for universal quantum computation. Numerical solutions of the time-dependent Schroedinger equation demonstrate that these operations can be performed with good fidelity.Comment: 4 pages, 5 figures, revised for publicatio

    Evolution and Diffusion of the Michigan State University Tradition of Organizational Communication Network Research

    Get PDF
    This article documents the 30-year history of communication network research at Michigan State University (M.S.U.), providing a case study of the evolution and diffusion of an academic innovation. Three past and continuing issues for network scholars are identified: a lack of professional reward for developing user-friendly computer programs, unresolved methodological problems, and a need for better theoretical and conceptual frameworks. The narrative also illustrates the difficulty communication as a discipline has in impacting broader intellectual traditions. The story begins with the first doctoral dissertation (Schwartz, 1968) and the first network analysis software program in 1970 (Richards’ Negopy), continuing to the last dissertation (Susskind, 1996), and ending in 1998 when J. David Johnson left the M.S.U. faculty. Other major players in the M.S.U. network tradition included David K. Berio, Eugene Jacobson, Everett M. Rogers, Vincent Farace, Peter Monge, and Erwin Bettinghaus. Ironically, Schwartz and Susskind met in 1998 while Schwartz was preparing to retire from Cornell University and Susskind was starting as an Assistant Professor in a different department, thus providing closure to the M.S.U. network
    • …
    corecore