Corporate Ownership Structure and the Informativeness of Earnings

This study extends prior studies by examining how managerial ownership and external unrelated blockholdings affect the informativeness of earnings. The results are in contrast to prior studies. A non–linear relation exists between managerial ownership and earnings informativeness. Earnings informativeness increases with managerial ownership at low levels but not at higher levels of managerial ownership where the entrenchment effect sets in. Consistent with the role of large shareholder monitoring, the evidence shows a strong positive relationship between external unrelated blockholdings and earnings informativeness. These results are supported when income–increasing and absolute discretionary accruals are used to measure the extent of earnings management     

Making a market for male dairy calves: alternative and mainstream relationality

ABSTRACT

The article uses actor network theory and the field of market studies to take a processual and relational approach to the alternative/mainstream food duality. Questions about how food systems or products make claim to be of the alternative or mainstream, and to what consequence, underpin the study. Analysis traces the making and shaping of two market versions for male dairy calves, a by-product of the dairy industry, often treated as ‘waste’ in the UK. Analysis focuses on the assemblage of actors, the breaking of matters of fact and shaping and communication of concerns, and at actions. Contrary to many approaches to the alternative, focus is paid to overlap between systems, knowledge and actors and simultaneous development of two products. From this, the ethicality of the mainstream, the continued duality and its consequences are discussed. Beyond seeing mainstream/alternative as co-constituted constructs, the two are symbiotic, mutually supportive and implicated in the circuit of culinary capital.     

Intra-urban journeys and activity linkages

Data from a travel diary study of Watford residents are used to examine the linkages between successive stages of multi-stage journeys. The linkage patterns in the journeys made each day by housewives and by other adults are described. A simple model of the number of stages to which journeys are extended is presented. The numbers of journeys made each week by various population sub-groups are also described. Some implications for planning and transport prediction are discussed.     

Double Two*

Double Two is a privately owned clothing manufacturer based in the United Kingdom. The case portrays the historical development of the company, with specific emphasis on the last 20 years. The case outlines the structural and strategic management accounting issues confronting the company particularly over the last 20 years. Students are exposed to issues associated with balanced scorecard construction and implementation and the use of return on investment to measure divisional performance.     

Competitiveness and the Benchmarking of Nations—A Critical Reflection

This paper provides a critical evaluation of the role and validity of indices used to measure national competitiveness. It examines the growth in the number and range of such indices and explores their growing importance in benchmarking national economic performance. It also provides a detailed critical interrogation of four of the most commonly used indices, and examines their robustness in relation to their ability to predict overall economic performance. The results indicate that the indices are poor proxies and predictors of growth and are thus potentially misleading for policy-makers. The paper concludes by reflecting on the broader benchmarking and image-making role played by competitiveness indices.     

Multidimensional latent traits of perceived organizational innovation: Differences between Thai and Egyptian employees

A new approach, the multidimensional latent regression (MLR) approach of item response theory, is employed to evaluate the dimensions of individual employee creativity, workplace atmosphere, and workplace innovative activity. Based on the MLR concept, the relationships among the measurement scales of these variables are tested for their unidimensionality versus multidimensionality. Multidimensionality was found. While workplace atmosphere is closely linked to workplace innovative activity, individual employee creativity forms its own dimension but is still positively linked to the other two measures. To achieve an accurate comparison between the two groups of Thai and Egyptian employees who have the same levels of agreement with the scale items, it is necessary to adjust the scores of Egyptian employees downwards.

Conceptualising organisational-level and microfoundational capabilities: an integrated view of born-globals’ internationalisation

International Entrepreneurship and Management Journal - For born global firms, which embark on a special internationalisation pathway and shift from a cohort of individuals to small effective...