Conceptualising the capabilities and value creation of HRM shared service models

Organisations are increasingly establishing HRM Shared Service Models (SSMs) for the delivery of HRM. These SSMs are claimed to maximise usage of the advantages of centralised and decentralised delivery approaches while minimising the drawbacks of both. This article draws on concepts from the Resource-Based View, the Dynamic Capabilities Approach and from contingency models in order to advance the argument on HRM SSMs and their value for organisations. We propose a model that enables one to conceptualise the value created by an HRM SSM and that is contingent on the types of capabilities employed within it, the types of HRM services offered and the organisational model chosen.     

商业劳动与价值创造

文章从商业和商业劳动概念出发,辩证分析了"商业劳动创造价值"的观点,对建设资源节约型社会具有一定的现实意义。     

基于价值创造的公司经营价值评估方法

公司经营价值评估方法主要有经济增加值法和自由现金流量折现法。经济增加值法能够从逻辑上说明公司经营价值的源泉,自由现金流量折现法能够较好地说明公司经营价值的本质。而基于价值创造基础的公司经营价值的评估方法综合上述两种方法的优点,不仅有利于理解价值的本质,更有利于理解价值的源泉,因此能够更好地帮助投资者实现价值管理和价值投资的目标。     

New challenges in sport entrepreneurship for value creation

International Entrepreneurship and Management Journal - Sport entrepreneurship has rapidly gained popularity in the entrepreneurship, management and sports fields due to the way it balances...     

The underlying potential of supply management in value creation

This study discusses the value-creation potential of supply management in firms, highlighting the significance of buyer–supplier collaboration, as well as resources and capabilities in the process. It is a conceptual study that builds on the theoretical basis of the resource-based view and the value net approach. Given the critical role of supply management in generating value the strategic emphasis in future should be on triple value creation. It is concluded that this cannot be achieved by focusing only on dyadic relationships or relationships in chains, and that supply relations should be viewed in a wider network context.     

How clusters can encourage entrepreneurship and venture creation. Reasons and advantages

The aim of this article is to define what is meant by clusters, their characteristics or determinants and the advantages they generate, focusing on the role they play in boosting entrepreneurship and new venture creation. In clusters, a balance is reached between cooperation and competition which becomes evident in the higher productivity of the companies because of their increased access to inputs, information, technology and institutions; or in greater innovation and venture creation. The cluster incentivizes the entry of new companies or start-ups. The hope is, then, that the new companies will revitalize specific regions where competitiveness has fallen and that entrepreneurship will contribute to economic development and improved country-wide competitiveness.

为热水器行业引入价值创新

热水器行业现状 热水器行业发展史可以追溯到20世纪70年代末,当时诞生了我国第一台燃气热水器,并以其方便、快捷的特性,立即得到广大消费者的青睐,从而揭开了燃气热水器在中国发展的新纪元.经过20多年的发展,整个热水器行业已经从最初的小而少发展到现在的大而多,产品类型也随着技术的不断成熟由最初的燃气热水器独领风骚发展到今天的燃气式、电热式、太阳能等多种类型.近年来,热水器行业被认为是利润丰厚的最有前途的行业之一,这也是投资者均看好该行业的原因.     

Technology and the creation of value in services: a conceptual model

In this paper, a model to visualize service delivery processes is proposed — mostly by pulling together concepts and relationships explored in varions functional areas. It is based on the notion of value chain and emphasizes the connectedness — both internal and external — of activity nodes. Productivity, service quality, job enlargement and enrichment and quality of worklife all hinge on how activities are grouped and on the nature and extent of interaction between nodes. Through its dual emphasis on internal and external client interfaces and on focused activity nodes, the model may be a useful tool for service and service delivery process (SDP) designers trying to explore new and innovative ways to compete. It may be of particular assistance in the defensive or proactive assessment of the most complex impacts of information technology.     

Women nascent entrepreneurs and social capital in the process of firm creation

The main objective of this research is to study gender differences in the process of firm creation, especially in the gestation stage of that process when nascent entrepreneurs carry out the promoter behaviours. A second objective is to analyse if the cognitive and structural endowments of social capital exert an influence on the promoter behaviours and on the kind of firms created by entrepreneurs of both genders. To reach the objectives, firstly, a theoretical framework will be developed and secondly, an empirical analysis starting from a sample of nascent entrepreneurs in the Seville province (southern Spain) will be carried out. Due to women entrepreneurs being considered nowadays essential for growth and development everywhere, results obtained could help to improve the efficiency of policies that lead to the promotion and consolidation of the female participation rate in entrepreneurial activity.      

企业并购:通过知识互补创造价值

本文对已有的企业并购动因理论做了回顾,并探讨了持久竞争优势的来源,认为企业并购就是通过知识互补创造价值的过程.     

Enhancing managerial incentives and value creation: Evidence from corporate spinoffs

We study corporate spinoffs with changes in CEO compensation to examine how spinoffs affect managerial incentive compensation and whether the changes in managerial compensation can explain the value enhancement and operating performance improvements that occur following spinoffs. Analyzing a sample of 124 non-taxable spinoffs during 1990–1997, we find that changes in incentive compensation are a significant motive for spinoffs. Changes in managerial incentives alone are consistent with the post-spinoff changes in operating performance, while changes in business focus are not. Spinoffs that are not accompanied by enhanced pay-performance relationship do not improve operating performance even with increased business focus. (JELG34, J33)     

理财的逻辑——价值创造、契约与理财

本文揭示了理财的本质及其演变与发展的内在动因,试图从探索理财的内在逻辑角度出发,找寻构建财务理论及理财学科的基石.     

Understanding the main drivers of value creation in an open innovation program

Innovation has been identified as the single most relevant element in fuelling corporations’ competitive advantage and ultimate value creation. Corporations no longer rely on a single, linear structure of innovation; the new paradigm of open innovation opens up new possibilities of organizing innovation within the ecosystem, thus giving rise to new drivers for value creation. These value drivers have an impact on the strategic position of the firm and have the ability to create superior financial performance. In this paper we explore the close relationship between open innovation and value creation and propose a framework to analyze this process as well as the most critical elements involved.     

Safety process innovation in medical service industry

Safety issues are generally ignored in the innovation of services for internal and external customers. The purpose of this study is to provide a safety mechanism framework for process innovation in medical service industry. This study applies action research to develop a safety framework for process innovation. The practicality of the proposed method is demonstrated using a case study of Cesarean sections in Taiwan. The proposed step for safety process innovation and safety process innovation framework (SPIF) were verified by eight experts and tested with Delphi. The most important concept concerning SPIF is that it provides a clear framework for evaluating the risk of potential failure in each subsystem of process in innovation.     

企业家劳动价值论与中国企业领导人创造潜力的发挥

企业家的培养是中国现代市场经济微观体制建设的重要环节,是建立现代企业制度、完善企业治理结构,进而提高企业效益的重要条件.本文以马克思的劳动价值论为理论基础,针对企业家的劳动价值问题和中国企业领导人创造潜力的发挥谈点一孔之见.     

上市公司分散化战略分析

本文调查了747家上市公司的成长性及其产业特征,考察了分散化的价值效应,探索了分散化战略对企业价值的影响方向。研究结果显示,分散化企业较之非分散化企业具有更高的成长性,即使在控制了企业规模、资产结构、财务杠杆以及股权结构等因素的影响之后,分散化对企业价值仍然存在显著的正向解释力。通过分析企业成长性的产业效应,进一步验证了分散化的溢价效应。同时还预测了分散化组织优势源于债务融资的税盾收益以及有效的内部资本市场所产生的财务协同效应。研究表明,在不发达的金融体系中分散化战略具有价值创造功能。     

In search of alliance-level relational capabilities: Balancing innovation value creation and appropriability in R&D alliances

In order to advance our knowledge of alliance-level relational capabilities, this paper investigates how searching across different knowledge domains affects both innovation value creation and appropriability in R&D alliances. Focusing on the alliance level of analysis, we advance that, in R&D strategic alliances, search span has a curvilinear (inverted U-shape) relationship with value creation and a positive relationship with value appropriability. Our analysis on a sample of 1515 interfirm dyadic R&D alliances confirms these hypotheses. We find that, after a threshold level of search span, joint value creation decreases. Conversely, the allied firms’ ability to appropriate the value of their jointly developed inventions grows exponentially as the alliance search span increases. Thus, value creation and appropriability may have conflicting exigencies. We argue that firms involved in R&D strategic alliances should develop the interorganizational relational capability to jointly manage the process of search that occurs at the interorganizational level, and specifically the span of their search, in ways that balance the needs of value creation and appropriability.     

The two sides of proximity in industrial clusters: The trade-off between process and product innovation

According to the literature on industrial districts, the proximity of small firms operating in a similar sector can lead to several positive externalities, which enhance collective efficiency. We investigate this assumption by building a microeconomic model in which a set of small firms trades off two opposite effects. First, the closer they are to each other, the more they can share fixed costs or pool risks, and the more they can innovate on more efficient processes. Second, the closer they are, the less diverse is their cognitive environment, and the less they innovate on products. We find that there is a “bell-shaped relationship” between proximity and the firms' performance. Moreover, equilibrium configurations tend to produce too much proximity from the consumers' and the workers' point of view, but too few proximity from the firms' point of view.     

User appropriation of mobile technologies: Motives,conditions and design properties

The mobility of human activities entails intrinsic parameters such as the mobility of tasks and technologies, as well as changing conditions underlying mobile computing. The interactions between these parameters bear directly on the appropriation of mobile technologies deployed in these activities. In this paper, I analyze the appropriation of mobile technologies as a function of motives, conditions of use, and technology design properties. The analysis explains the flexibility of mobile computing as a direct function of the appropriation process. The paper contributes to understanding mobile technology use and improving user acceptance by extending existing conceptualizations of technology use. Technology personalization and use in non-organizational contexts are the essentials of the extension, suggesting that mobile computing is a function of use for serving both organizationally-sanctioned and personal motives. Implications for researching mobile technology use and for designing mobile technologies are drawn.     

股票的期权性质、股利发放与债权人利益侵占

本文试图从股票期权的性质角度出发,研究股利发放引起的股东对债权人的利益侵占问题,以助于上市公司制定最优的股利政策及实现价值最大化.