共查询到20条相似文献,搜索用时 15 毫秒
1.
Fevzi Okumus 《The Service Industries Journal》2013,33(6):65-89
This article presents findings on the development and implementation of a centralised yield management project by an international hotel group in its over 160 hotel units. Data were collected over two years from the participant hotel group's three management levels through semi-structured interviews, observations and document analysis. The research findings reveal that developing and implementing a centralised yield management project is contextually a very complex and challenging task. Major problems and difficulties appear to have originated from the participant company's organisational structure and culture. In addition, a high labour turnover, poor HRM practices, ongoing developments and changes across the company seem to have had an impact on the implementation of yield practices. The existing literature on yield management seems to view yield implementation as a tactical activity and therefore fails to explain the strategic implications of deploying yield practices in service organisations. The overall recommendation of this article are that scholars and practitioners working in this area should view yield implementation more from the perspectives of strategic management and change management fields. 相似文献
2.
Efficiency of venture capital firms: evidence from Spain 总被引:1,自引:0,他引:1
Arturo Haro-de-Rosario Mª del Carmen Caba-Pérez Leonardo Cazorla-Papis 《Small Business Economics》2014,43(1):229-243
In recent years the venture capital (VC) sector has played an increasingly important role in financial systems. In general, this type of specialised financial activity is conducted by two types of operators, VC firms and VC management companies, each with its specific characteristics. The main objective of this paper is to evaluate the operating efficiency of these financial intermediaries in Spain, using data envelopment analysis, and to carry out an exploratory study of the variables that affect their level of efficiency, using a truncated regression model, and taking into consideration the nature of the operator (an approach not previously undertaken). Our analysis reveals, first, differences in the levels of efficiency achieved by VC firms and VC management companies and, second, that the most efficient organisations are those with more diversified ownership structures and which have a portfolio of companies active in the most innovative sectors. 相似文献
3.
How to measure performance in charitable organisations continues to excite interest among academics and practitioners. Despite the intellectual interest, little consensus has emerged as to what are the best measures of performance in charities. This is against the backdrop of an increased demand by donors and other stakeholders on charities to provide information on their performance. Building on prior studies, this paper examines the measures of performance in charities using a hybrid methodological approach which consists of 14 exploratory interviews and a quantitative survey of 105 chief executive officers/board of trustees of large British charities. The results of factor analysis and internal reliability produced five broad measures of performance of charities: (1) financial measures; (2) client satisfaction; (3) management effectiveness; (4) stakeholder involvement; and (5) benchmarking, indicating that the overall performance of charities is best measured by a set of factors that reflect the multiple and diverse stakeholders associated with charities. Further analysis using structural equation modelling corroborates the results that non‐financial measures such as management effectiveness, stakeholder involvement and benchmarking are important to the performance of charities. 相似文献
4.
Financial intermediaries,ownership structure and the provision of venture capital to SMEs: evidence from Japan 总被引:1,自引:0,他引:1
This paper examines how the provision of venture capital to small- and medium-sized businesses (SMEs) is influenced by the
ownership structure of the venture capital provider. We introduce a new and unique dataset from the Japanese venture capital
market, comprising data on investment and venture capital activities of 127 Japanese venture capital funds. The data allow
us to provide a direct comparison of the behaviour of individual owner-manager venture capitalists versus financial intermediation
(e.g., bank’s venture capital divisions). The data indicate owner-manager venture capitalists (financial disintermediation)
give rise to much smaller portfolios of SMEs and more advice to entrepreneurs. Across the scope of different financial intermediation
structures, including banks, life insurance companies, securities firms, corporations and government bodies, there are further
differences in the provision of governance and value-added advice provided to SMEs. Also, the data indicate US-affiliated
funds in Japan are more likely to have smaller portfolios and tend to provide more advice to SMEs.
相似文献
Armin SchwienbacherEmail: Email: |
5.
Vertical relationships with the government, particular relational capital and organizational social network capital, constitute
corporate social capital (CSC). Using the empirical data of 97 listed companies in China, this paper examines the impact of
CSC on corporate performance, finds that CSC has a positive impact on sales revenue but an insignificant impact on the improvement
of ROA. More specifically, when a firm enlarges its sales revenue, the function of organizational network capital is stronger
than that of a particular relational capital and that of governmental connections. The paper also finds that state-owned enterprises
(SOEs) have more advantages in using governmental connections, therefore leading to better social status than non-SOEs do,
who have fewer advantages in using any particular relational capital. The article suggests that managers should appraise carefully
the effectiveness of CSC, and combine it with other resources; firms should distinguish the structure of the impact of CSC
on performance improvement in a dynamic way. With respect to the implication of this paper, it could help in analyzing firm
behaviors in the transitional China.
Translated from paper in International Symposium on Entrepreneur Research and Education, 2006, April (in Chinese) 相似文献
6.
David Lingelbach 《Asia Pacific Business Review》2019,25(1):61-80
This exploratory study examines how financial crises impede or support venture capital (VC) development in the context of Indonesia and the 1997–1998 Asian financial crisis (AFC). Using a mixed-methods research methodology, the study finds that financial crises have divergent effects on VC development. Financial crises support VC development through accelerated VC practise diffusion, but impede that development by slowing VC enabling conditions. The effects of the substantial macro institutional changes often associated with financial crises are insufficient to overcome these impediments, resulting in a smaller VC industry. 相似文献
7.
Nguyen Dinh Tho Nguyen Thi Mai Trang Clifford J. Shultz II 《Journal of Strategic Marketing》2018,26(6):520-531
Although Vietnam’s transition to a market-oriented economy has produced stunning results, the economy is still lacking qualified marketers. This study investigates underlying factors that are fundamental drivers of Vietnam’s economic renaissance, including the role of market orientation at the marketer level (i.e. marketers’ market orientation) in marketing capital pool, and subsequently, marketers’ occupational commitment. Based on data collected from 351 marketers working for various firms in Ho Chi Minh City, the study finds that marketers’ market orientation has a positive impact on marketing capital pool. Further, marketing capital pool invested by marketers has a positive impact on their occupational commitment. Finally, firm ownership moderates the relationship between marketers’ market orientation and marketing capital pool, and gender moderates the relationship between marketing capital pool and marketers’ occupational commitment. Implications for Vietnam and other transitioning economies are discussed. 相似文献
8.
Timothy Callen Paul Cashin 《The journal of international trade & economic development》2013,22(1):77-98
Despite the widespread use of capital controls, India has experienced several balance of payments crises. This paper examines the solvency and sustainability of India's external imbalances and analyses the optimality of its capital flows. We use two approaches: an intertemporal model of the current account that allows for capital controls, and a composite model of macroeconomic indicators that yields probabilities of future balance of payments crises. The results indicate that India's intertemporal budget constraint is satisfied and that the path of its current account imbalances is sustainable, with some support for the optimality (given capital controls) of its external borrowing. 相似文献
9.
《International Business Review》2000,9(1):95-117
This study was initiated by the apparent conceptual and empirical neglect of the industrial export pricing area. Capitalising upon calls for a strategic pricing orientation in contemporary firms the study seeks to empirically explore the export pricing practices of industrial exporters in the UK and assess their influence upon their strategic export pricing. The aggregated experience of 178 firms suggests that proactive exporting stimuli, market orientation, formality of the pricing decision process and a balanced attention to customer needs and the profit potential of the exporting activity are practices identifiable in firms with a high strategic pricing orientation. This new empirical evidence is discussed in terms of its contribution for export managers, public policy makers and researchers wishing to advance further our knowledge of this critical area of marketing activity. 相似文献
10.
This study attempts to state some facts about the importance of innovation in the service economy, and especially the hotel industry by classifying the configurations of innovation in Taiwanese hotels, as well as considering the types of innovation configuration that will maximise performance. Technological innovation, organisational innovation, and human capital innovation may be key sources of innovation. This study classified the configurations of innovation based on several innovation activities with two-step cluster analysis. Numerous empirical findings facilitate improved understanding of the relationship between the configurations of innovation and firm performance in the Taiwanese hotel industry. 相似文献
11.
《Journal of Retailing and Consumer Services》2005,12(2):73-81
Economies of scale related to store size have been recognised in retailing for many years. However, empirical evidence from the research literature has been patchy and focusses mainly on labour productivity. This paper describes recent investigations carried out amongst UK superstore retailers. Difficulties in quantifying economies of scale are acknowledged, and much of the evidence presented is qualitative in nature. Nevertheless, economies of scale with store size are shown to occur in two ways: through proportional reductions in retailer costs, including labour, goods delivery and store operation; and through increased store loyalty and customer expenditure per visit. Implications for further research are discussed. 相似文献
12.
13.
This article studies the relationship between company size and performance for small and medium-sized Portuguese companies.
Using dynamic panel estimators, we conclude that performance is related positively to size. This relationship suggests the
greater relevance of scale effects, diversification and the greater ability of larger companies to cope with market changes.
Furthermore, our empirical results show that performance is persistent, not showing discontinuity, suggesting that small and
medium-sized Portuguese companies are relatively successful in coping with possible scenarios of aggressive competition. Debt
and level of fixed assets influence performance negatively, and separation of management and ownership influence performance
positively. Liquidity, risk and ownership control are not relevant in explaining the performance of small and medium-sized
Portuguese companies.
相似文献
Zélia Silva SerrasqueiroEmail: |
14.
Junfu Zhang 《Small Business Economics》2011,36(2):187-208
Entrepreneurs with prior firm-founding experience are expected to have more skills and social connections than novice entrepreneurs.
Such skills and social connections could give experienced founders some advantage in the process of raising venture capital.
This paper uses a large database of venture-backed companies and their founders to examine the advantage associated with prior
founding experience. Compared with novice entrepreneurs, entrepreneurs with venture-backed founding experience tend to raise
more venture capital at an early round of financing and tend to complete the early round much more quickly. In contrast, experienced
founders whose earlier firms were not venture-backed do not show a similar advantage over novice entrepreneurs, suggesting
the importance of connections with venture capitalists in the early stage of venture capital financing. However, when the
analysis also takes into account later rounds of financing, all entrepreneurs with prior founding experience appear to raise
more venture capital. This implies that skills acquired from any previous founding experience can make an entrepreneur perform
better and in turn attract more venture capital. 相似文献
15.
This article uses data from the UK Longitudinal Small Business Survey (2015) to empirically test the relationship between local (formal and informal) interpersonal networks and exporting. Our results suggest that local interpersonal networks increase the likelihood of exporting. More importantly, we find that the role of formal interpersonal networks (e.g. accountants) on internationalisation increases as firm size increases, while the link between informal interpersonal networks (e.g. family) and exporting becomes weaker. We argue that larger firms have more complex operations and diverse structures than smaller firms that require the engagement of formal interpersonal networks to help with the internationalisation process. 相似文献
16.
Absence of a well-developed capital market has been listed as a key obstacle to industrialization in developing countries in the development literature. In this paper, we show that industrial clusters, through specialization and division of labor, can ease the financial constraints of microenterprises even in the absence of a well-functioning capital market. By using data from more than 17,000 microenterprises in four sectors and four regions of Ethiopia, we find that clustering lowers capital entry barrier by reducing the initial investment required to start a business. This effect is found to be significantly larger for microenterprises investing in districts with high capital market inefficiency, indicating the importance of clustering as an organizational response to a credit constrained environment. The findings highlight the importance of cluster-based industrial activities as an alternative method of propagating industrialization when local conditions do not allow easy access to credit. 相似文献
17.
Resources, strategy, and performance inter-relationships are central to strategic marketing theory. Strategic resources are key inputs to product-market strategy that form the basis of superior firm performance. However, these inter-relationships are subject to ‘fit’ requirements. This article examines the hypothesis that greater fit between the strategic resources of marketing organizations and product-market strategy encourages superior financial and customer-market performance. This fit is most important to marketing organizations exhibiting either a Defender or Analyzer strategic orientation. No significant relationship is found for fit among Prospectors. 相似文献
18.
The UK accountancy industry has traded upon its professional status as a means of expanding and legitimating its activities. Extensive appeals are made to ethical codes and disciplinary arrangements as part of its claim to professional status. This study examines some recent events relating to audit failures and alleged unprofessional conduct by accountancy firms and their partners in the UK with a view to assessing the validity of the claims to professional status. It concludes that the rhetoric of the claims is belied by the failure/inability of the professional accountancy bodies to take effective action against the offending firms or their partners.Austin Mitchell After an early career as a university lecturer he became a television journalist and since 1983 has been a Member of Parliament. He was the Labour Party's Trade and Industry spokesman from 1987–1989. He published a number of books and many articles in the press.Anthony Puxty has since 1987 been professor of Accounting and Finance at the University of Strathclyde. He has published some seven books and more than seventy papers and articles.Prem Sikka is a professionally qualified accountant. He is currently a Principal Lecturer at the University of East London. He has published two research monographs and more than seventy five articles.Hugh Willmott is currently a Senior Lecturer in the Manchester School of Management, having worked previously at the University of Aston and the Copenhagen Business School. He has published seven books and contributed numerous articles to leading management, accounting, finance, and social science journals. 相似文献
19.
《Journal of Marketing Management》2013,29(5-6):637-659
Given the growing importance of ethical and socially responsible (ESR) issues in retailing, this research uses empirical evidence from the UK grocery sector to investigate the significance of these factors on shoppers' store and product choice decisions. A number of different ESR shopping motivations are identified including global and local issues in store decisions, together with product heritage, animal and human rights, and advertising and communications issues in product decisions. Results suggest that both ESR and other influences are important in explaining shopping intentions, and that these vary according to shopping occasion, particularly whether the shopper is undertaking a main or top-up shop. Whilst in some circumstances ESR motives remain paramount to the decision, in others shoppers are prepared to forgo some element of this to overcome situational imperatives. Customer service, product quality and promotions are important motivators of shoppers even when they are looking for ethical and socially responsible solutions. Implications for retailers and research, the limitations of the study, and directions for future investigation are presented. 相似文献
20.
By exploiting the unique situation in China that numbers of listed firms diversified into the real estate industry during the recent housing boom period, we find that firms' real estate diversification positively influences their subsequent leverage ratios. Further investigations suggest that such an increase in leverage mainly comes from short-term debt instead of long-term debt. We also find that housing price growth and state ownership are underlying mechanisms through which real estate diversification stimulates leverage. Last, we find that firms with real estate diversification enjoy less financing cost deterioration and less market value deterioration when they raise more debt. 相似文献