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Article
Publication date: 27 June 2008

Christopher B. Malone and Zicheng Ou

To examine Australian corporate acquisitions data in the context of contemporary acquisitions theory.

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Abstract

Purpose

To examine Australian corporate acquisitions data in the context of contemporary acquisitions theory.

Design/methodology/approach

Empirical analysis using event study procedures.

Findings

The study of Australian acquisitions shows that domestic acquisitions are more likely to produce favourable market responses for acquirers than foreign direct investment actions. Companies with recent upwards price momentum are also more likely to engage in successful acquisitions. However, the relative “valuation” of acquirers appears to be unimportant in the Australian acquisitions process. The results are linked to the smaller, more isolated, nature of the Australian economy.

Research limitations/implications

A long horizon event study methodology could be used. Alternative treatments could be used to assess relative value and competitive advantage. Other smaller isolated markets, similar to Australia, could be considered.

Originality/value

The use of international corporate acquisitions data, from Australia, supports both Competitive Advantage Theory and Market Driven Acquisitions Theory. There is little evidence to suggest that Cheap Capital motivates a large number of acquisition actions. The results are linked to the smaller, more isolated, nature of the Australian economy, and show that recent price momentum and the location of the investment are important. This latter finding suggests a form of market segmentation still prevails.

Details

International Journal of Managerial Finance, vol. 4 no. 3
Type: Research Article
ISSN: 1743-9132

Keywords

Article
Publication date: 1 April 2006

Christopher B. Malone and Lawrence C. Rose

To re‐examine empirically internalisation and transaction cost theories of firm FDI.

1949

Abstract

Purpose

To re‐examine empirically internalisation and transaction cost theories of firm FDI.

Design/methodology/approach

Empirical analysis based on cross sectional multivariate regressions and the Fama‐French three factor event study procedure. In addition to the key explanatory variables the paper introduces and models several important control variables.

Findings

The paper finds evidence consistent with the internalisation and transaction cost hypotheses. Firms classified with internalisation advantages earn event period abnormal returns of 6.84 percent above firms that are classified without such advantages. In support of transaction cost theory the paper finds that FDIs generate an average abnormal event period return of −2.36 percent. Further, in line with transaction cost theory firms classified with intangible asset advantages also tend to engage in the more complex forms of foreign and industrial diversification.

Research limitations/implications

The paper does not determined if the effect linked to the possession of intangible asset advantages is temporary or permanent. FDI is costly, but firms that enjoy high market valuations tend to do well in M&A or FDI activity.

Originality/value

The study provides new and strengthened support for internalisation theory. The study provides new evidence in support of transactions cost theory.

Details

International Journal of Managerial Finance, vol. 2 no. 2
Type: Research Article
ISSN: 1743-9132

Keywords

Article
Publication date: 22 November 2011

Christopher B. Malone, Udomsak Wongchoti and Alan J. Mitchell

This paper provides empirical support for the introduction of cash flow disclosure regulation issued by Australasian accounting bodies, AASB and NZICA (formerly NZSA)…

Abstract

Purpose

This paper provides empirical support for the introduction of cash flow disclosure regulation issued by Australasian accounting bodies, AASB and NZICA (formerly NZSA), between 1987 and 1992.

Design/methodology/approach

The empirical analysis uses a long window event study format on a panel of 5,368 firm‐year observations between 1996 and 2005.

Findings

The cash flow disclosures required in the regulation are associated with significant abnormal return responses. These effects are robust to the inclusion of other factors linked to abnormal returns such as movements in profitability, size and leverage. We also find support for the proposition that the cash flow effects are conditioned on the quality of the firm, as proxied by q. The market is better and more easily informed with the information required under the revised reporting regime.

Research limitations/implications

The analysis would have been improved with better access to pre‐reform period data.

Originality/value

There is no other study on Australasian markets which looks at the value impacts of cash flow information in relation to this regulatory change. Such a study has also never been done on New Zealand companies.

Details

Pacific Accounting Review, vol. 23 no. 3
Type: Research Article
ISSN: 0114-0582

Keywords

Book part
Publication date: 6 August 2018

Ashley Sanders-Jackson, Christopher Clemens and Kristen Wozniak

Purpose: Lesbian, gay, and bisexual (LGB) young adults smoke at rates much higher than the general population. Young adults, in general, are less likely to seek medical

Abstract

Purpose: Lesbian, gay, and bisexual (LGB) young adults smoke at rates much higher than the general population. Young adults, in general, are less likely to seek medical help for smoking cessation and LGB individuals are less likely to seek health care generally. Alternative methods to encourage smoking cessation are necessary. This research seeks to establish whether LGB young adults in California would be willing to use social media for smoking cessation.

Approach: We conducted 41 qualitative interviews among LGB young adults in the San Francisco Bay Area and Los Angeles in Fall 2014.

Findings: The results suggest that our participants were interested in a LGB-focused social media intervention, as long as the intervention was private or anonymous and moderated. Further, across topical areas our participants spoke extensively about the import of social connections. We may be able to leverage these connections to encourage cessation.

Research Limitations: This is a qualitative, non-generalizable dataset from a fairly limited geographic area.

Public Health Implications: Online smoking cessation interventions aimed at young adults would benefit from further testing with LGB young adults to ensure efficacy among this population. In addition, states and localities concerned about young adult LGB smoking might benefit from investing in an online socially mediated cessation forum. Online interventions could be scalable and might be useful for other groups who regularly face discrimination, stigma, or other stressors that make successful smoking cessation difficult.

Details

eHealth: Current Evidence, Promises, Perils and Future Directions
Type: Book
ISBN: 978-1-78754-322-5

Keywords

Article
Publication date: 1 February 2008

Joseph B. Skipper, Christopher W. Craighead, Terry Anthony Byrd and R. Kelly Rainer

The purpose of the paper is to provide a conceptual/theoretical foundation to enhance the body of knowledge related to supply chain interdependence and technology‐enabled…

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Abstract

Purpose

The purpose of the paper is to provide a conceptual/theoretical foundation to enhance the body of knowledge related to supply chain interdependence and technology‐enabled coordination.

Design/methodology/approach

The paper heavily engaged itself in the theory/literature related to coordination theory, interdependence theory, interdependence, coordination and supply chain technologies to formulate the theoretical propositions.

Findings

From the literature/theoretical bases, the paper derived a total (include sub‐components) of eight theoretical propositions related to interdependence, coordination and technology enablers.

Research limitations/implications

While technology enabled‐coordination is central to supply chain management, there is a lack of a prescriptive view present in the literature. By deriving insights from the rich literature related to coordination theory and interdependence theory, we provide a theoretical foundation for future research to enhance the body of knowledge related to the systematic application of technology to foster the appropriate coordination strategy.

Practical implications

Although empirical support is warranted, the proposed concepts related to technology‐enabled coordination offer pragmatic advice to managers.

Originality/value

The paper provides a theoretical foundation for future research to enhance the body of knowledge related to the systematic application of technology to foster the appropriate coordination strategies.

Details

International Journal of Physical Distribution & Logistics Management, vol. 38 no. 1
Type: Research Article
ISSN: 0960-0035

Keywords

Book part
Publication date: 28 August 2007

Christopher Robert and Wan Yan

The study of humor has a long tradition in philosophy, sociology, psychology, anthropology, and communications. Evidence from these fields suggests that humor can have…

Abstract

The study of humor has a long tradition in philosophy, sociology, psychology, anthropology, and communications. Evidence from these fields suggests that humor can have effects on creativity, cohesiveness, and performance, but organizational scholars have paid it relatively little attention. We hope to “jump-start” such a research program. To do this, we first outline the theoretical rationale underlying the production and appreciation of humor, namely, its motivational, cognitive, and emotional mechanisms. Next, we review the literature linking humor to creativity, cohesiveness, and other performance-relevant outcomes. In particular, we note how this literature is theoretically well-grounded, but that the empirical findings are largely correlational and/or based on qualitative research designs. Finally, we go beyond the current humor literature by developing specific predictions about how culture might interact with humor in organizational contexts. Throughout the paper, we discuss possible research directions and methodological issues relevant to the study of humor in organizations.

Details

Research in Personnel and Human Resources Management
Type: Book
ISBN: 978-0-7623-1432-4

Article
Publication date: 1 July 2004

Togar M. Simatupang, Indah Victoria Sandroto and S.B. Hari Lubis

Supply chain coordination plays a critical role in integrating different actors along the supply chain to enhance performance. This research focuses on supply chain…

7304

Abstract

Supply chain coordination plays a critical role in integrating different actors along the supply chain to enhance performance. This research focuses on supply chain coordination and its three determinants: namely, responsibility interdependence, uncertainty, and interfunctional conflict. Research propositions were developed to conceptualise how supply chain coordination is driven by its determinants. The propositions were tested by a case study in a fashion firm to examine the differences between the theory and the practice of coordination. Findings showed that the firm carried out only piecemeal coordination in defining and fulfilling customer needs.

Details

Supply Chain Management: An International Journal, vol. 9 no. 3
Type: Research Article
ISSN: 1359-8546

Keywords

Book part
Publication date: 15 February 2021

Moritz Philip Recke and Stefano Perna

The authors present concepts developed at University of Naples Federico II (Italy), where the Challenge Based Learning methodology (CBL) is utilised in a programme aimed

Abstract

The authors present concepts developed at University of Naples Federico II (Italy), where the Challenge Based Learning methodology (CBL) is utilised in a programme aimed at software development for the Apple technology ecosystem. The collaborative and self-guided, inquiry-based learning method focusses on intrinsic motivation of learners, working on real world problems organised in projects (Challenges in CBL) with an experiential and progressive approach. As entrepreneurship is best promoted through practice, the programme is a guided immersion into reality that is entrepreneurial in nature, rather than a simulation of hypothetical projects, and requires learners to take ownership of entrepreneurial skills to complete the course. Academic research has shown that use of storytelling is beneficial to learning and can foster engaging and more formative experiences. Additionally, scholars have developed systems to design unscripted narratives within educational contexts using emergent narrative concepts. This conceptual chapter describes an educational experience design system that encourages unscripted, emergent narratives for experiential education. It categorises the components for designing an educational experience that allows the learning progression to be affectively driven by learners. By focussing on setting parameters and giving learners autonomy as co-authors, the model describes mechanisms that allow powerful, unscripted narratives to emerge based on intrinsic motivation. The Emergent Narrative System developed by the authors is a contribution to innovation in entrepreneurship teaching and intends to empower learners towards building entrepreneurial and twenty-first century skills complementary to software development education in a conducive and experiential learning environment.

Details

Universities and Entrepreneurship: Meeting the Educational and Social Challenges
Type: Book
ISBN: 978-1-83982-074-8

Keywords

Book part
Publication date: 4 October 2014

Sandra Lynch, Daryl Adair and Paul Jonson

This chapter takes an interdisciplinary approach combining expertise in sports management and in philosophy to examine the premises underpinning the contested claim that…

Abstract

This chapter takes an interdisciplinary approach combining expertise in sports management and in philosophy to examine the premises underpinning the contested claim that professional athletes have a special obligation to be role models both within and beyond the sporting arena. Arguments for and against the claim are briefly addressed, as a prelude to identifying and elucidating a set of factors relevant to a consideration of this alleged special obligation. The chapter considers understandings of sport, play and athleticism from an ethical perspective and examines their relationship to professionalism to determine the extent to which ethical imperatives can logically be upheld or undermined within the professional context. The chapter concludes that professional athletes cannot be expected to be able to respond to the demand that they act as role models within and beyond the sporting arena unless the tensions implicit within that demand are articulated. The chapter calls for recognition of the complexity of ethical decision-making in the context of professional sport and recommends that the training of professional athletes should prepare them to deal with this complexity. Recognition of the complexity of decision-making with the professional sporting context suggests the need for further research into optimal training strategies for young professional athletes and into the genesis and reasonableness of the demand that such athletes act as role models both within and beyond the sporting arena.

Details

Achieving Ethical Excellence
Type: Book
ISBN: 978-1-78441-245-6

Keywords

Abstract

Details

Research on Professional Responsibility and Ethics in Accounting
Type: Book
ISBN: 978-0-76231-239-9

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