corporate governance‚ specifically in the chaebol firms as one of the main drives behind the collapse of Korean economy (Chang‚ 2006‚ Lee‚ 2002‚ Nam‚ 2001‚ Kim‚ 2004)‚ some even set it as case study of how corporate governance could relate to firm values and company performance (Black‚ Jang and Kim‚ 2005‚ Baek‚ Kang and Park‚ 2002); and more specifically‚ the impact of having outside directors on board (as an aspect of corporate governance) on firm performance (Choi‚ Park and Yoo‚ 2007). Given the
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of corporate cash holdings during the recent crisis. I create two categories of firms; one with financially constraint and unconstraint firms classified on their size and one with financially constraint and unconstraint firms based on the de size of their dividend payments. Unconstraint firms do not manage their cash holdings in normal conditions‚ but when conditions deteriorated during the crisis also unconstraint firms had to decrease their cash holdings to absorb the negative macro economical shock
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As U.S. automobile firms rebuild their brand image‚ distribution networks and workforce from the massive government-sponsored corporate restructuring in recent years‚ and Japanese firms continue to struggle with under-capacity due to the Tohoku earthquake and tsunami‚ Korean-based firms have flourished (Ramsey & Takahashi‚ 2011). In particular‚ Hyundai has experienced rapid market growth in the U.S. market due in part to the recent struggles of its main competitors. Their success‚ however‚ is also
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Asian Family firm. The Wang Group exhibits many characteristics of a typical Asian family firm. Their kinship relationship‚ succession plan‚ business continuity and family members hire are all similar. The Wang Group is first and foremost a family-owned business group‚ which has been active for four generations who carried the business tradition to the next generation. Therefore‚ the management of the Wang Group is cultured by the family dominance. The internal network of the firm consists of family
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INTRODUCTION One of the most significant governance issues currently facing the managers‚ directors‚ and shareholders of the modern corporation is the gender‚ racial‚ and cultural composition of the board of directors. The issue has taken on a high public profile as a result of reports in the popular press‚ shareholder proposals from advocacy groups‚ and policy statements from major institutional investors. This is simply stated as Board of diversity which means different things to different people
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Impact of Competitive Advantage on Firms Growth Abstract Purpose: The purpose of this paper is to measure the Impact of Competitive Advantage on Firms Growth and firm’s performance. Methodology: Data were collected from 2 organizations using Questionnaires. The questionnaire consists of eighteen items that includes four items for demographic‚ four items for measuring training‚ five items for competitive advantage‚ three items for organization performance and two items for organization growth
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University Section I: Article Summary In the article ‘Do Gay-Friendly Corporate Policies Enhance Firm Performance?’ the potential outcomes of a firm adopting gay-friendly policies‚ such as anti-discrimination policies and the extension of benefits to couples‚ are studied. When the results of the study were assessed‚ it was found that the adoption of gay-friendly policies had improved the studied firms in multiple ways. It was observed that more employees were being recruited‚ employees were staying
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Opening the Black Box of the Relationship Between HRM and Firm Performance Stockholm School of Economics in Russia Working Paper #07 - 101 OPENING THE BLACK BOX OF THE RELATIONSHIP BETWEEN HRM PRACTICES AND FIRM PERFORMANCE: A COMPARISON OF USA‚ FINLAND‚ AND RUSSIA CARL F. FEY Institute of International Business Stockholm School of Economics S-11383 Stockholm‚ Sweden Tel: (46-8)-736-9501 Fax: (46-8)-31-9927 Carl.Fey@hhs.se and Stockholm School of Economics Russia SERGEY MORGOULIS-JAKOUSHEV Stockholm
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Business Strategy Analysis of Geely Firm Table of Contents 1.0 Executive Summary 2 2.0 Introduction 2 3.0 Internal environmental analysis 4 4.0 External Environment Analysis 5 4.1 Political factors 5 4.2 Economic factors 6 4.3 Social factors 6 4.4 Technological factors 6 4.5 Environmental factors 7 4.6 Legal factors 7 5.0 Competitive environment analysis 7 5.1 The threat of the entry of new competitors 8 5.2 The threat of substitute products or services 8 5.3 The bargaining power
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sustain long-run growth of the country. More and more firms are realizing the importance of innovation to gain competitive advantage. Accordingly‚ they are engaging themselves in various innovative activities‚ ranging from manufacturing processes‚ product improvement‚ and brand building initiatives to customer satisfaction. Today‚ business environment has become very dynamic with more demanding customers and intense market competition. To meet this‚ firms are creating new products‚ solutions and services
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