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Article
Publication date: 1 December 2002

Douglas S. Bible, Chengho Hsieh, Gary Joiner and David W. Volentine

This study examines the effects of site contamination on residential property values in Northwest Louisiana, a region well‐known for having numerous environmental…

Abstract

This study examines the effects of site contamination on residential property values in Northwest Louisiana, a region well‐known for having numerous environmental problems. The old Lincoln Creosote site is the focus of this study. Home sales data are examined in detail in an attempt to measure any effects on property values that result from homes being located on or near this remediated site. A hedonic pricing model is used to help evaluate the influence of housing and neighborhood variables on home prices. The model includes a dummy variable, whether or not the home is in a neighborhood located in a contaminated area, to estimate the effects of the contaminated site on property values.

Details

Property Management, vol. 20 no. 5
Type: Research Article
ISSN: 0263-7472

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Article
Publication date: 1 February 2006

Lisa A. Burke and Chengho Hsieh

The purpose of this paper is to develop a conceptual framework to determine the optimal balance between fixed and variable compensation costs incurred by a firm.

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7978

Abstract

Purpose

The purpose of this paper is to develop a conceptual framework to determine the optimal balance between fixed and variable compensation costs incurred by a firm.

Design/methodology/approach

In 2004 Burke and Terry used an economic framework to demonstrate how variable pay can reduce operating leverage and hence increase a firm's value. Their theme is extended to develop a conceptual framework for ascertaining the optimal balance between fixed and variable pay components.

Findings

As demonstrated with an example, the choice between fixed and variable pay affects the firm's employee productivity, operating leverage, market risk, cost of capital, and cash flows. The ultimate choice of the variable and fix compensation “mix” should meet the goal of management – maximizing the firm value, and hence the shareholders' wealth.

Practical implications

Evidence suggests there is a growing use of variable pay schemes in firms to increase employee motivation and productivity.

Originality/value

The framework allows a firm's cash flows to vary due to the changes in the variable pay component.

Details

International Journal of Productivity and Performance Management, vol. 55 no. 2
Type: Research Article
ISSN: 1741-0401

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Article
Publication date: 1 January 2005

Lisa A. Burke and Chengho Hsieh

A pressing research question in human resources (HR) is how to determine the value HR adds to a firm. This article seeks to address this issue

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1218

Abstract

Purpose

A pressing research question in human resources (HR) is how to determine the value HR adds to a firm. This article seeks to address this issue

Design/methodology/approach

As summarized here, benchmarking techniques, ROI tools, behavioral analyses and other types of quantitative efforts have attempted to provide answers, but such methods also have downsides. In the present paper, the long‐established finance concept of net present value (NPV) is applied in order to determine the value that HR activities provide to an organization's business strategy.

Findings

A specific example is used to illustrate how NPV can be used to value the HR activities in a firm pursuing an innovation business strategy. An explanation is also given of how NPV can be used in making decisions related to HR outsourcing.

Practical implications

NPV is used to operationalize the strategic net benefit (SNB) of HR's costs and contributions to a firm's business strategy.

Originality/value

The long‐established finance concept of net present value (NPV) is applied in order to determine the value that HR activities provide to an organization's business strategy.

Details

Journal of Human Resource Costing & Accounting, vol. 9 no. 1
Type: Research Article
ISSN: 1401-338X

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