Is there a “Dark Side” to Monitoring? Board and Shareholder Monitoring Effects on M&A Performance Extremeness

Research summary: We investigate the effects of monitoring by boards of directors and institutional shareholders on merger and acquisition (M&A) performance extremeness using a sample of M&A deals from 1997 to 2006. Both governance research and legal reforms generally have espoused a “raise all boats” view of monitoring. We instead investigate whether monitoring may serve as a double-edged sword that limits CEO discretion to undertake both value-destroying M&A deals and value-creating ones. Our findings indicate that the relationship between monitoring and M&A performance is more complex than previously believed. Rather than “raising all boats” in a shift towards better M&A outcomes, monitoring instead is associated with lower M&A losses, but also with lower M&A gains

Home Office Indicators of Integration framework 2019

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Factors Affecting Social Attainment Among Individuals: Evidence from the National Educational Longitudinal Study 1988-2000

This study draws from extant literature on social attainment to examine what factors affect the attaining of higher incomes, education, and occupational ranks. Research on five distinct factors is examined and analyzed using a sample of about 6,000 students from a national longitudinal study across the United States between 1988-2000 as they transitioned from eight grade through high school and into the labor force: (1) background characteristics: household type, race, and gender, (2) social capital, (3) cultural capital, (4) academic ability, and (5) parental social class. The results revealed that these factors affect social attainment. I also examined if parental socio-economic status interacts with other factors. The results of the study showed that the gap between rich and poor has grown over the last 30 years. The rich are getting further ahead in the race for social attainment

Capital assets: a community research intervention by the African Forum in Redbridge and Watham Forest

Duration: September 1999 - November 2000 This was a community-led initiative in which over 1000 Africans resident in Redbridge and Waltham Forest were asked about their assets and health needs. The survey was instigated by Redbridge & Waltham Forest African Forum, and undertaken by community groups themselves in collaboration with Sigma Research. The survey was designed both to gather information from the communities and to provide information to them. The information sought was not simply about the participants needs but also about the assets within those communities to address those needs. The project sought information about the relationship between Africans living in Redbridge or Waltham Forest, their assets, health needs and the potential for interventions. It did so by: providing all stakeholders with clear and accessible information about the demography of the local African communities. mapping the priorities and needs of the groups. assessing knowledge about HIV and its prevention. mapping linguistic assets and social structures of participating community groups that may contribute to meeting these needs. identifying acceptable, culturally appropriate methods of intervention. Questionnaire content was led by the members of the African Forum as was the structure and content of the report. Members of community groups did all the interviewing. Between them, 41 interviewers talked to 1008 residents. The majority of African women and men living locally were at an age when people can be at their most active physically, mentally and economically. Mental health and HIV and AIDS were the major health concerns although health concerns were associated with country of birth. Many respondents lacked basic knowledge of HIV transmission. There is a need for more awareness of clinical sexual health services. Language ability and social networks are common assets for health. English is spoken by 78% of participants and 88% of the entire sample mentioned at least one person they were close to. The survey provides information that helps to identify key areas where community organisations and statutory services working in partnership can improve quality of life and access to services. The final report was called Capital assets: a community research intervention by The African Forum in Redbridge and Waltham Forest

‘Short Interest Pressure’ and Competitive Behaviour

This study introduces and examines a new-to-strategy form of Wall Street pressure – ‘short interest pressure’ – the tension felt by management caused by short sales of the firm\u27s stock. Drawing from a sample of over 5000 competitive actions carried out by competing firms over a 6-year time period, we test whether the level of short interest pressure experienced by the firm in one time period is predictive of properties of the firm\u27s competitive action repertoire in the ensuing time period. Our findings suggest that when faced with short interest pressure firms tend to carry out a higher number of competitive actions in the following time period, as well as a set of actions that deviate from the industry norm. In addition, post hoc analysis reveals that this effect is amplified for poorly performing firms. Thus, our study contributes to a deeper understanding of the relationship between capital market signals and competitive strategy

Hitting the ‘reset button’: The role of digital reorientation in successful turnarounds

Seismic shifts in industries brought about by radical technological innovations usually lead to a misalignment between the capabilities of many incumbent firms and the requisites of their new environment, and eventually, organizational decline. The current turnaround literature, while emphasizing operating and strategic responses to organizational decline that focus on efficiency and fine tuning product/market strategy respectively, ignores such organizational decline that requires fundamental reengineering of the whole firm and its value chain. This paper introduces the concept of digital reorientation as a long term turnaround strategy to respond to situations in which a firm’s environment has been fundamentally restructured. Digital reorientation is a technology-enabled, simultaneous and multilevel change that transforms the organization’s core architecture and the way it serves its customers. We develop a framework to understand this turnaround strategy relative to traditional operational and strategic options and formulate propositions on internal and external contingencies that will likely influence the effectiveness of its implementation. Finally, using the newspaper publishing industry as an example of an environment that has undergone such disruptive change driven by digital technological innovations, we examine how the use of digital reorientation could help declining firms in that industry successfully turnaround their performance

Estimation of genetic parameters for preweaning and postweaning growth traits in the Gudali beef cattle using multiple trait derivative free restricted maximum likelihood

Records on pedigree information and growth traits of Gudali beef calves were obtained from the Institute of Agricultural Research for Development, Cameroon. Data were edited to have complete information on calf, sire and dam identity, sex, dates and season of birth, herd and weights at birth (BWT), 6 months (6 MWT), weaning (WWT), 12 months (12 MWT), yearling (YWT), 18 months (18 MWT), 24 months (24 MWT) and 36 months (36 MWT). Genetic parameters were estimated using multiple trait derivative free restricted maximum likelihood (MTDFRML) program. The estimated direct (h2a) and maternal (h2m) heritabilities for BWT, 6 MWT, WWT, YWT, 18 MWT, 24 MWT and 36 MWT obtained were 0.39, 0.10, 0.25, 0.21, 0.18, 0.25, 0.18 and 0.05, 0.07, 0.11, 0.10, 0.05, 0.09, 0.07, respectively. Estimates of maternal genetic variance and corresponding heritabilities (h2m) were lower than estimates for direct additive variance and heritability (h2a). The genetic correlation between direct and maternal influence were negative. The across-trait direct and maternal genetic correlation estimates were medium to high with the exception of BWT and 18 MWT; BWT and 36 MWT, had negative values. The positive values reported for the additive and maternal correlations between the growth parameters indicate that selection for one trait resulted in genetic improvement in the other. The moderate values of heritabilities indicate that selection for growth traits was effective.Key words: Covariance, heritability, genetic correlation, growth traits

Implications of Brand Awareness on Repeat Purchases in the Refined Palm Oil Sector in Cameroon

Purpose: In highly competitive commodity markets like Cameroon’s refined palm oil industry, brand awareness is often assumed to drive customer retention. However, empirical evidence remains inconclusive. This study investigates whether brand awareness significantly influences repeat purchases in such homogeneous markets, addressing a critical gap in the literature while offering practical insights for marketers. Methods: Using a quantitative cross-sectional design, data were collected via an online survey from 423 consumers, selected through convenience sampling. Brand awareness was measured through recall, image, association, and trust, while repeat purchases were assessed via frequency, loyalty intention, switching resistance, and advocacy. Ordinary Least Squares (OLS) regression and Maximum Likelihood Structural Equation Modeling (ML-SEM) were employed to analyze the relationships, controlling for demographic variables like age, income, and education. Results: The study reveals a strong positive relationship (β = 0.649, p < 0.001) between brand awareness and repeat purchases, with brand association and image emerging as the most influential drivers. Price sensitivity also significantly impacted repeat purchase behavior, while demographic factors showed negligible effects. Implications: The findings validate the role of brand awareness in commoditized markets, suggesting that marketers should prioritize cognitive brand awareness, particularly through consistent messaging and trust-building, despite product homogeneity. Policymakers can leverage these insights to support local brands through quality certifications and consumer education. Limitations: The cross-sectional design limits causal inferences, and convenience sampling may affect generalizability. Future longitudinal or experimental studies could strengthen these findings

Is laparoscopic surgery the answer to generalised purulent peritonitis from complicated appendicitis?

Aim To compare the different outcomes in a single institution between patients with generalised purulent peritonitis from complicated appendicitis diagnosed intraoperatively which were managed laparoscopically to those managed via the open approach. Methods Data was collected from all cases admitted at Sebokeng Hospital over the past two years (2008 & 2009) with an intraoperative diagnosis of generalised purulent peritonitis from complicated appendicitis. Cases which were managed laparoscopically or by the open approach were analysed. The parameters analysed were the demographic findings, the theater duration, complications, and days to the commencement of full ward diet, and length of hospital stay. Results During the study period, a total of 120 cases of appendicectomies with generalised purulent peritonitis were performed. Of these, 58 cases underwent open appendicectomy (OA) and 62 cases had laparoscopic appendicectomy (LA). Both groups were comparable in the demographics and preoperative findings. The theater duration was significantly higher in the LA group (115.8 minutes for LA compared to 86.7 minutes for OA. The rate of intraabdominal sepsis was also higher in the LA group (12.9% for LA and 8.6% for OA). Both groups showed no statistical significant difference between the wound sepsis or port site sepsis rate, the days to commencement of full ward diet and length of hospital stay. More time was spent in ICU/HCU in the OA group an average of 3.7 days as opposed to 2 days in the LA group. However age, the duration of symptoms, the clinical presentation and the white blood cell count (WBC) were influencing factors to the outcome of the OA group. Conclusion Generalised purulent peritonitis from complicated appendicitis can be managed successfully laparoscopically. Both approaches are feasible, safe and have comparable outcomes. Where facilities are adequately skilled and resourced, the laparoscopic approach should be considered the procedure of choice for complicated purulent appendicitis because it is less influenced by preoperative findings and shows a trend towards less postoperative complications

Performance Implications of Customer Relationship Management Strategy and Market orientation organizational Capabilities

Customer relationship management can be a costly solution to implement and many of these initiatives fail to deliver their intended results. Several reasons may exist that explain why such programs fail, and this study attempts to explain CRM in terms of its use as a company strategy that when combined with the market orientation of a firm, can lead to improved company performance. By using contingency theory to develop that a match between culture and strategy allows a firm to better perform, an attempt will be made to establish a relationship between CRM strategy implementation and market orientation. A methodology whereby U. S. banks where surveyed is described and the results of the hypothesis test reported. Finally, implications and conclusions are provided