15,852 research outputs found
Reviewing executive remuneration decision-making and reporting: implications for theory and practice
Purpose:
The purpose of this viewpoint is to comment on the implications of the Financial Reporting Council’s (FRC) Review and Consultation Documents expected to update regulation governing the determination/reporting of executive remuneration in UK stock market listed companies. Practical points from actors involved in executive remuneration decision-making/reporting are presented, set within the context of neo-institutional theory.
Design/methodology/approach:
Our qualitative research systematically analyses UK Corporate Governance Codes, the FRC’s recent Review/Consultation, and peer-reviewed published studies of executive pay determination based on in-depth interviews with non-executive directors, institutional investors, executive pay advisers, and Human Resources (HR) professionals.
Findings:
Further regulation, while providing coercive influence over executive remuneration decision-making, is likely to lead to only limited change in processes and reporting due to benchmarking, the make-up of Remco membership and shareholders’ preferences. Mimetic and normative isomorphic forces work against coercive isomorphism leading to resistance to change as decision-makers strive to safeguard their social status/reputations.
Practical implications:
Reviewing executive remuneration package components and paying attention to company strategy, sustainability and values in pay determination are welcomed but recognised as difficult to achieve. Drawing upon a wider range of information sources/voices can assist in broadening the discussion. HR professionals can help widen stakeholder input to executive remuneration decision-making.
Originality/value:
Our viewpoint is grounded in peer-reviewed empirical data that draws directly upon the views/experiences of executive remuneration decision-makers to identify problems in adhering to FRC recommendations for change. We extend the meta-theoretical perspective of neo-institutional theory – specifically institutional isomorphism – as providing explanatory and predictive power to understand executive pay decision-making
Assessing the Effectiveness of a Computer Simulation in Introductory Undergraduate Environments
We present studies documenting the effectiveness of using a computer simulation, specifically the Circuit Construction Kit (CCK) developed as part of the Physics Education Technology Project (PhET) [1, 2], in two environments: an interactive college lecture and an inquiry-based laboratory. In the first study conducted in lecture, we compared students viewing CCK to viewing a traditional demonstration during Peer Instruction [3]. Students viewing CCK had a 47% larger relative gain (11% absolute gain) on measures of conceptual understanding compared to traditional demonstrations. These results led us to study the impact of the simulation's explicit representation for visualizing current flow in a laboratory environment, where we removed this feature for a subset of students. Students using CCK with or without the explicit visualization of current performed similarly to each other on common exam questions. Although the majority of students in both groups favored the use of CCK over real circuit equipment, the students who used CCK without the explicit current model favored the simulation more than the other grou
Impingement of Cloud Droplets on a Cylinder and Procedure for Measuring Liquid-Water Content and Droplet Sizes in Supercooled Clouds by Rotating Multicylinder Method
No abstract availabl
Quantum spin liquid at finite temperature: proximate dynamics and persistent typicality
Quantum spin liquids are long-range entangled states of matter with emergent
gauge fields and fractionalized excitations. While candidate materials, such as
the Kitaev honeycomb ruthenate -RuCl, show magnetic order at low
temperatures , here we demonstrate numerically a dynamical crossover from
magnon-like behavior at low and frequencies to long-lived
fractionalized fermionic quasiparticles at higher and . This
crossover is akin to the presence of spinon continua in quasi-1D spin chains.
It is further shown to go hand in hand with persistent typicality down to very
low . This aspect, which has also been observed in the spin-1/2 kagome
Heisenberg antiferromagnet, is a signature of proximate spin liquidity and
emergent gauge degrees of freedom more generally, and can be the basis for the
numerical study of many finite- properties of putative spin liquids.Comment: 13 pages, 11 figures, accepted versio
A study of prediction methods for the high angle-of-attack aerodynamics of straight wings and fighter aircraft
Work is described dealing with two areas which are dominated by the nonlinear effects of vortex flows. The first area concerns the stall/spin characteristics of a general aviation wing with a modified leading edge. The second area concerns the high-angle-of-attack characteristics of high performance military aircraft. For each area, the governing phenomena are described as identified with the aid of existing experimental data. Existing analytical methods are reviewed, and the most promising method for each area used to perform some preliminary calculations. Based on these results, the strengths and weaknesses of the methods are defined, and research programs recommended to improve the methods as a result of better understanding of the flow mechanisms involved
Design guidelines for use of adhesives and organic coatings in hybrid microcircuits
A study was conducted to investigate the reliability of organic adhesives in hybrid microcircuits. The objectives were twofold: (1) to identify and investigate problem areas that could result from the use of organic adhesives and (2) to develop evaluation tests to quantify the extent to which these problems occur for commercially available adhesives. Efforts were focused on electrically conductive adhesives. Also, a study was made to evaluate selected organic coatings for contamination protection for hybrid microcircuits
Mapping the dynamic interactions between vortex species in highly anisotropic superconductors
Here we use highly sensitive magnetisation measurements performed using a
Hall probe sensor on single crystals of highly anisotropic high temperature
superconductors to study the dynamic interactions
between the two species of vortices that exist in such superconductors. We
observe a remarkable and clearly delineated high temperature regime that
mirrors the underlying vortex phase diagram. Our results map out the parameter
space over which these dynamic interaction processes can be used to create
vortex ratchets, pumps and other fluxonic devices.Comment: 7 pages, 3 figures, to be published in Supercond. Sci. Techno
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