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1 – 10 of over 3000
Article
Publication date: 1 March 2003

Eunsup “Daniel” Shim and Jooh Lee

This paper attempts to examine a canonical (simultaneous) relationship between service industry CEOs' compensation and corporate performance with respect to accounting‐based and…

Abstract

This paper attempts to examine a canonical (simultaneous) relationship between service industry CEOs' compensation and corporate performance with respect to accounting‐based and market‐based performance measures. In addition, this study examines the effect of firm size on compensation. The results of this study suggest that executive compensation depends simultaneously on both market‐based and accounting‐based performance measures. EPS, ROA, ROE and Market Rate of Return are positively associated with both cash compensation and long‐term compensation. Firm size is also positively related to the long‐term compensation.

Details

Review of Accounting and Finance, vol. 2 no. 3
Type: Research Article
ISSN: 1475-7702

Keywords

Article
Publication date: 6 May 2014

Peter Mazuruse

The purpose of this paper was to construct a canonical correlation analysis (CCA) model for the Zimbabwe stock exchange (ZSE). This paper analyses the impact of macroeconomic…

1769

Abstract

Purpose

The purpose of this paper was to construct a canonical correlation analysis (CCA) model for the Zimbabwe stock exchange (ZSE). This paper analyses the impact of macroeconomic variables on stock returns for the Zimbabwe Stock Exchange using the canonical correlation analysis (CCA).

Design/methodology/approach

Data for the independent (macroeconomic) variables and dependent variables (stock returns) were extracted from secondary sources for the period from January 1990 to December 2008. For each variable, 132 sets of data were collected. Eight top trading companies at the ZSE were selected, and their monthly stock returns were calculated using monthly stock prices. The independent variables include: consumer price index, money supply, treasury bills, exchange rate, unemployment, mining and industrial index. The CCA was used to construct the CCA model for the ZSE.

Findings

Maximization of stock returns at the ZSE is mostly influenced by the changes in consumer price index, money supply, exchange rate and treasury bills. The four macroeconomic variables greatly affect the movement of stock prices which, in turn, affect stock returns. The stock returns for Hwange, Barclays, Falcon, Ariston, Border, Caps and Bindura were significant in forming the CCA model.

Research limitations/implications

During the research period, some companies delisted due to economic hardships, and this reduced the sample size for stock returns for respective companies.

Practical implications

The results from this research can be used by policymakers, stock market regulators and the government to make informed decisions when crafting economic policies for the country. The CCA model enables the stakeholders to identify the macroeconomic variables that play a pivotal role in maximizing the strength of the relationship with stock returns.

Social implications

Macroeconomic variables, such as consumer price index, inflation, etc., directly affect the livelihoods of the general populace. They also impact on the performance of companies. The society can monitor economic trends and make the right decisions based on the current trends of economic performance.

Originality/value

This research opens a new dimension to the study of macroeconomic variables and stock returns. Most studies carried out so far in Zimbabwe zeroed in on multiple regression as the central methodology. No study has been done using the CCA as the main methodology.

Details

Journal of Financial Economic Policy, vol. 6 no. 2
Type: Research Article
ISSN: 1757-6385

Keywords

Open Access
Article
Publication date: 29 June 2018

Fábio Ferreira Silva and Catarina Cecilia Odelius

This paper aims to identify empirically the influence of learning mechanisms provided by organizations on knowledge sharing in the organizational environment.

4244

Abstract

Purpose

This paper aims to identify empirically the influence of learning mechanisms provided by organizations on knowledge sharing in the organizational environment.

Design/methodology/approach

A quantitative study was developed in which a sample of 268 individuals from civil and military organizations of the Federal Direct Administration was researched. The questionnaire used was composed of the Organizational Learning Mechanism Scale, which was adapted at the time of the present study, in addition to a scale on knowledge sharing, which was developed within the scope of this research. After performing the factorial analysis for both scales, a canonical correlation analysis was performed between the group of variables associated with the learning mechanisms (independent variables) and the group of variables on knowledge sharing (dependent variables).

Findings

The results found in the canonical correlation analysis indicate that the learning mechanisms are responsible for explaining 35 per cent of the variance (R² = 0.352) of the group of variables on knowledge sharing.

Practical implications

The findings of this research can help the researched organizations to increase the knowledge management actions, mainly in relation to the actions that favor social interaction among the individuals in the work environment, making possible the exchange of knowledge and experiences in the internal organizational context, and exploring in a positive way actions related to internal acquisition.

Social implications

The deeper knowledge about the relationship between organizational actions promoted by top management and knowledge support decision-making in the organizational environment regarding contextual factors that influence social interaction between individuals. In relation to the sharing of knowledge, a high correlation of knowledge absorption and reproduction aspects with the knowledge sharing phenomenon was perceived, so that the possibility of organizations thinking in ways that provide the individual with formal and informal environments can be foreseen.

Originality/value

The main contributions of this research are to measure the intensity of the relationship between learning mechanisms and knowledge sharing; and to test the predictive effect of learning mechanisms on knowledge sharing. Regarding the methodological aspects, it was opportune to approach the phenomenon through a little used lens in the context of administration research: the analysis of canonical correlation, which represents another look at the influence of the actions of the top management and the interaction of individuals. The discussions and the data analysis carried out in this research allow us to envisage significant contributions of this work to the analysis and theoretical refinement of the study of the variables treated.

Details

Innovation & Management Review, vol. 15 no. 2
Type: Research Article
ISSN: 2515-8961

Keywords

Article
Publication date: 1 March 1993

Andreas C. Christofi, Petros C. Christofi and George C. Philippatos

This paper demonstrates an application of the Arbitrage Pricing Theory using canonical analysis as an alternative to the conventional factor analysis. Following the traditional…

Abstract

This paper demonstrates an application of the Arbitrage Pricing Theory using canonical analysis as an alternative to the conventional factor analysis. Following the traditional view that asset prices are influenced by unanticipated economic events, the systematic effects of the major composite economic indices on a wide spectrum of industry returns are explored. The main conclusion is that profitability may be considered as the single most important factor that influences security returns. Also, the composite lagging economic indicators appear to be more useful to investors in forming market expectations than the composite leading economic indicators. Finally, it is argued that the composite index of coincident economic indicators do not exhibit any significant influence in the pricing of capital assets.

Details

Managerial Finance, vol. 19 no. 3/4
Type: Research Article
ISSN: 0307-4358

Article
Publication date: 9 October 2009

Jordan Shropshire

The paper focuses on intentional information security breaches by insiders. The purpose is to assess the relationship between insiders' backgrounds and motivations and their…

1771

Abstract

Purpose

The paper focuses on intentional information security breaches by insiders. The purpose is to assess the relationship between insiders' backgrounds and motivations and their deviant behaviors. Two outcome variables, information technology (IT) espionage and IT sabotage, are correlated with four predictors, financial changes, relationship strains, substance abuse, and job changes.

Design/methodology/approach

Some 62 cases of intentional information security breaches by insiders are examined using canonical analysis.

Findings

The results indicate that a significant relationship exists between financial hardship, relationship strains, and the theft and sale of proprietary data by insiders; and recent firings, substance abuse, and relationship strains are related to information system sabotage.

Research limitations/implications

Because little or no research has been conducted on this topic, there is a lack of validated measures for variables associated with information security. Thus, the measures used in this paper are necessarily simplistic. Because few organizations report information security weaknesses, the sample is relatively small.

Practical implications

In the majority of cases included in this paper, it is found that the insider convey a number of warning signs before committing the security breach. After reading this paper, diligent managers should be able to identify potential security breaches.

Originality/value

This is one of the first studies to explore insider security breaches using canonical analysis.

Details

Information Management & Computer Security, vol. 17 no. 4
Type: Research Article
ISSN: 0968-5227

Keywords

Article
Publication date: 1 July 2014

Baek-Kyoo (Brian) Joo and Kim Nimon

– The purpose of this study is to examine the relationship between transformational leadership (TL) and authentic leadership (AL) using a canonical correlation analysis (CCA).

3132

Abstract

Purpose

The purpose of this study is to examine the relationship between transformational leadership (TL) and authentic leadership (AL) using a canonical correlation analysis (CCA).

Design/methodology/approach

The sample was 427 knowledge workers from a Fortune Global 100 company in Korea. Descriptive statistics and CCA were used to test the relationship between the two perceived leadership constructs.

Findings

A canonical correlation indicated that the composite of TL (i.e. idealized influence, inspirational motivation, intellectual stimulation and individualized consideration) was strongly and significantly related to the composite of AL (i.e. transparency, moral/ethical, balanced processing and self-awareness), accounting for 82.3 per cent of the shared variance between the two variable sets.

Research limitations/implications

This empirical study was based on employees’ perceptions on the two leadership behaviors of their supervisors, using a cross-sectional survey method. In addition, this study is confined to the employees in a for-profit organization in Korean cultural setting, leaving room for speculation with regard to cultural issues.

Practical implications

It is noted the two leadership behaviors are not substitutable, but complementary. Therefore, human resources development (HRD) practitioners are suggested to design leadership development programs focusing both on AL and TL in a concerted way. In this way, HRD professionals can help their managers enhance their AL and TL capability, and thus let their followers emulate their leader’s behaviors, which ultimately will lead to higher level of organizational commitment, employee/job engagement and in-role and extra-role performance.

Originality/value

This is the first study that empirically confirmed Burns’ (1978) initial intuitive conceptualization of the authentic transformational leaders. We found that an authentic leader appears to be a transformational leader or vice versa. Another contribution lies in that to identify the common denominator between the two leadership behaviors this study used a relatively rare CCA in the field of HRD.

Details

European Journal of Training and Development, vol. 38 no. 6
Type: Research Article
ISSN: 2046-9012

Keywords

Article
Publication date: 1 December 1999

Li‐Wei Mai and Mitchell R. Ness

Analyses customer satisfaction with mail‐order speciality foods in the UK and examines the relationship between satisfaction with eight attributes of mail‐order speciality food…

2793

Abstract

Analyses customer satisfaction with mail‐order speciality foods in the UK and examines the relationship between satisfaction with eight attributes of mail‐order speciality food and their association with overall satisfaction and likelihood of future purchase. Univariate analysis reveals that a high proportion of mail‐order customers experience satisfaction with each of the eight mail‐order attributes, reflected in a high proportion of customers who are satisfied overall and who intend to repurchase the products in the future. Canonical correlation analysis reveals a statistically significant relationship between one set of variables, overall satisfaction and likelihood of future purchase, and another set of variables, the eight mail‐order attributes. Consequently the results indicate that customer satisfaction is associated with service aspects of mail‐order such as the order process and delivery service as well as physical product attributes such as product quality.

Details

British Food Journal, vol. 101 no. 11
Type: Research Article
ISSN: 0007-070X

Keywords

Article
Publication date: 25 September 2007

Yoo‐Kyoung Seock and Marjorie J.T. Norton

This study seeks to identify the dimensions of web site attributes that represent online shoppers' perceptions of their favorite clothing web site and to examine the relationship…

3105

Abstract

Purpose

This study seeks to identify the dimensions of web site attributes that represent online shoppers' perceptions of their favorite clothing web site and to examine the relationship with the evaluation of the relative importance of various clothing web site attributes.

Design/methodology/approach

US college students, who had online shopping experience and favorite clothing web sites that they especially like to visit, were surveyed. Hypothesized relationships between the relative importance of general clothing web site attributes and the perceptions of favorite clothing web sites were tested using canonical correlation analysis.

Findings

The results revealed three variables, the product information, customer service and navigation factors, were closely related to each other and create a well‐defined dimension in representing the respondents' perceptions of their favorite clothing web sites. These dimensions were fairly well predicted by the following set of independent variables: the product information, navigation, and customer service factors of general clothing web site attributes.

Research limitations/implications

Results cannot be generalized to all young adult consumers and to other consumers. Future research should include other population groups.

Practical implications

This research offers new insights to apparel e‐tailers in building effective web sites that can attract young adult online shoppers to the company and retain them through the web sites.

Originality/value

This study is the first to investigate young adult online consumers' perceptions of their favorite internet web sites in relation to their evaluations of the relative importance of general clothing web sites attributes.

Details

Journal of Fashion Marketing and Management: An International Journal, vol. 11 no. 4
Type: Research Article
ISSN: 1361-2026

Keywords

Article
Publication date: 1 May 1987

T.P. Beane and D.M. Ennis

It is important to remain creative when conducting segmentation research, as many different ways to segment a market can exist. Five main bases are discussed: geographic…

36283

Abstract

It is important to remain creative when conducting segmentation research, as many different ways to segment a market can exist. Five main bases are discussed: geographic, demographic, psychographic, behaviouristic and image. This is followed by an overview of the main techniques used to establish and verify segments, including automatic interaction detector, conjoint analysis, multidimensional scaling and canonical analysis.

Details

European Journal of Marketing, vol. 21 no. 5
Type: Research Article
ISSN: 0309-0566

Keywords

Article
Publication date: 1 March 2005

M. Douglas Voss, Roger J. Calantone and Scott B. Keller

This work seeks to examine how front‐line employee performance and interdepartmental customer orientation affect the service, supply chain, and financial performance of US…

5655

Abstract

Purpose

This work seeks to examine how front‐line employee performance and interdepartmental customer orientation affect the service, supply chain, and financial performance of US distribution centers.

Design/methodology/approach

The authors approached this subject by utilizing works from the supply chain management, services marketing, total quality management, and logistics personnel literature. Surveys were administered in 18 distribution centers across the USA and canonical correlation was employed to test the propositions that front‐line employee performance and interdepartmental customer orientation have a positive effect on distribution center service, supply chain, and financial performance.

Findings

Findings indicate that high levels of front‐line employee performance and interdepartmental customer orientation a positive effect on distribution center service and supply chain performance. The relationship of the two independent variables to distribution center financial performance was only partially supported.

Research limitations/implications

The research did not explore how higher levels of front‐line employee performance may be obtained and may not be generalizable beyond a distribution center setting. For researchers, the results may be utilized in studies of logistics best practice. Moreover, studies investigating market orientation may find the results useful, as previous contributions have shown interdepartmental customer orientation to be positively related to the market orientation of the firm.

Practical implications

The results provide managers with evidence supporting the value of front‐line employees and the importance of encouraging departments to service other departments in a customer‐oriented manner.

Originality/value

This is the first study to detail the relationship between interdepartmental customer orientation and firm performance in a logistical setting, and adds further credence to the importance of front‐line distribution personnel in the delivery of quality output.

Details

International Journal of Physical Distribution & Logistics Management, vol. 35 no. 3
Type: Research Article
ISSN: 0960-0035

Keywords

1 – 10 of over 3000