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Article
Publication date: 3 August 2015

Abdullah Noman, Mohammad Nakibur Rahman and Atsuyuki Naka

This paper aims to uncover potential contemporaneous relationship between foreign portfolio investment (FPI) and another popular type of cross-border investment outflow…

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2567

Abstract

Purpose

This paper aims to uncover potential contemporaneous relationship between foreign portfolio investment (FPI) and another popular type of cross-border investment outflow, namely, foreign direct investment (FDI).

Design/methodology/approach

The relationship between FPI and FDI are modeled using simultaneous equations approach to take potential endogeneity in to account. In a panel of 45 countries over the period of 2001-2009, FPI and FDI are found to be strategically complimentary to each other.

Findings

The two-stage least square estimates suggest existence of both statistically and economically significant relationship between these two types of outflows. In particular, the FDI outflow has empirically significant predictive power in explaining the FPI outflow. Similarly, the FPI outflow also has significant explanatory power for the observed level of FDI outflow. Second, the FPI has greater explanatory power for FDI outflow than the FDI for the FPI outflow.

Originality/value

The authors believe that the paper would contribute to the relevant literature in terms of its originality and scope. The empirical findings of the paper have valuable policy implications.

Details

Journal of Financial Economic Policy, vol. 7 no. 3
Type: Research Article
ISSN: 1757-6385

Keywords

Abstract

Details

Soldiers on International Missions
Type: Book
ISBN: 978-1-78973-032-6

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Article
Publication date: 26 July 2021

Md. Ikramul Hoque, Md. Abu Safayet, Md. Jewel Rana, Abu Yousuf Bhuiyan and Golam Sadmani Quraishy

Construction delay is the most common issue and creates many adverse effects in any construction industry. This study has investigated the views of engineers, project…

Abstract

Purpose

Construction delay is the most common issue and creates many adverse effects in any construction industry. This study has investigated the views of engineers, project managers and contractors on the causes of delay during a construction phase to identify potential delay factors, negative effects on project delivery and prioritize the delay factors.

Design/methodology/approach

An extensive literature review and interview with construction stakeholders have been conducted to identify potential causes of construction delays and design a questionnaire survey. The final questionnaire was designed with 40 potential delay factors, and a total of 102 valid Bangladeshi construction stakeholders responded to it. The result was analyzed by the relative importance index.

Findings

Among the 40 delay factors, the top five most influencing delay factors are “delay in progress payments,” “rework due to mistakes during construction,” “lack of skilled labor,” “poor monitoring and control of activities” and “delays in the making of a decision.” The top five most damaging effects of delay are “time overrun,” “cost overrun,” “disputes,” “arbitration” and “litigation,” among ten negative effects of construction delay. All construction stakeholders believe that the owner-related, consultant-related and contractor-related groups are the first, second and third most important groups of delay factors.

Originality/value

The outcome of this study would enable the Bangladeshi construction industry to develop strategies to overcome delay factors and their harmful effects. By focusing on the outcome of this research and prioritizing the critical factors, the construction industry of Bangladesh will be able to minimize construction delay significantly and propagate the progress of the construction industry by delivering quality projects timely.

Details

International Journal of Building Pathology and Adaptation, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2398-4708

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Article
Publication date: 20 August 2018

Dipty Tripathi, Shreya Banerjee and Anirban Sarkar

Business process workflow is a design conceptualization to automate the sequence of activities to achieve a business goal with involved participants and a predefined set…

Abstract

Purpose

Business process workflow is a design conceptualization to automate the sequence of activities to achieve a business goal with involved participants and a predefined set of rules. Regarding this, a formal business workflow model is a prime requisite to implement a consistent and rigorous business process. In this context, majority of the existing research works are formalized structural features and have not focused on functional and behavioral design aspects of business processes. To address this problem, this paper aims to propose a formal model of business process workflow called as business process workflow using typed attributed graph (BPWATG) enriched with structural, functional and behavioral characteristics of business processes.

Design/methodology/approach

Typed attributed graph (ATG) and first-order logic have been used to formalize proposed BPWATG to provide rigorous syntax and semantics towards business process workflows. This is an effort to execute a business workflow on an automated machine. Further, the proposed BPWATG is illustrated using a case study to show the expressiveness of proposed model. Besides, the proposed graph is initially validated using generic modelling environment (GME) case tool. Moreover, a comparative study is performed with existing formal approaches based on several crucial features to exhibit the effectiveness of proposed BPWATG.

Findings

The proposed model is capable of facilitating structural, functional and behavioral aspects of business process workflows using several crucial features such as dependency conceptualization, timer concepts, exception handling and deadlock detection. These features are used to handle real-world problems and ensure the consistency and correctness of business workflows.

Originality/value

BPWATG is proposed to formalize a business workflow that is required to make a model of business process machine-readable. Besides, formalizations of dependency conceptualization, exception handling, deadlock detection and time-out concepts are specified. Moreover, several non-functional properties (reusability, scalability, flexibility, dynamicity, reliability and robustness) are supported by the proposed model.

Details

International Journal of Web Information Systems, vol. 14 no. 3
Type: Research Article
ISSN: 1744-0084

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Article
Publication date: 23 August 2013

Ioanna Keramidou, Angelos Mimis, Aikaterini Fotinopoulou and Chrisanthos D. Tassis

This paper aims to identify the relationship between efficiency and profitability by using data from Greek meat processing companies over the period 1994‐2007.

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4062

Abstract

Purpose

This paper aims to identify the relationship between efficiency and profitability by using data from Greek meat processing companies over the period 1994‐2007.

Design/methodology/approach

The relationship of efficiency and profitability is studied, by applying a new performance decomposition model. This method is capable of making valid and consistent inferences about the performance of a two‐stage production system, as well as the main sources of inefficiencies within a company.

Findings

A poor performance over the study period is observed in the sample companies. The low performance is mainly due to the low profitability. The results do not confirm the existence of a positive strong correlation between efficiency and profitability. The companies that have the capability of producing their products with the best practices are not always capable of generating the maximum profits.

Practical implications

The need for the improvement of performance has two aspects: first, it is a demand for the effective use of resources, and simultaneously, it is an urgent requirement for the generation of profits. According to the study findings, the long‐term survival of firms in our sample seems to require adopting mainly profitability‐enhancing strategies.

Originality/value

This paper provides one of the first evaluations of performance focusing on efficiency and profitability, by applying an innovative performance decomposition approach that has not yet been applied in Greek industries.

Details

Benchmarking: An International Journal, vol. 20 no. 5
Type: Research Article
ISSN: 1463-5771

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Book part
Publication date: 25 June 2010

Daniele Besomi

Business cycle theory is normally described as having evolved out of a previous tradition of writers focusing exclusively on crises. In this account, the turning point is…

Abstract

Business cycle theory is normally described as having evolved out of a previous tradition of writers focusing exclusively on crises. In this account, the turning point is seen as residing in Clément Juglar's contribution on commercial crises and their periodicity. It is well known that the champion of this view is Schumpeter, who propagated it on several occasions. The same author, however, pointed to a number of other writers who, before and at the same time as Juglar, stressed one or another of the aspects for which Juglar is credited primacy, including the recognition of periodicity and the identification of endogenous elements enabling the recognition of crises as a self-generating phenomenon. There is indeed a vast literature, both primary and secondary, relating to the debates on crises and fluctuations around the middle of the nineteenth century, from which it is apparent that Juglar's book Des Crises Commerciales et de leur Retour Périodique en France, en Angleterre et aux États-Unis (originally published in 1862 and very much revised and enlarged in 1889) did not come out of the blue but was one of the products of an intellectual climate inducing the thinking of crises not as unrelated events but as part of a more complex phenomenon consisting of recurring crises related to the development of the commercial world – an interpretation corroborated by the almost regular occurrence of crises at about 10-year intervals.

Details

A Research Annual
Type: Book
ISBN: 978-0-85724-060-6

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Article
Publication date: 16 July 2021

Amit Chopra, Anish Sachdeva and Arvind Bhardwaj

The industry is relying on the preventive maintenance techniques that can minimize failures and provide industrial plants with effective equipment, but in many companies…

Abstract

Purpose

The industry is relying on the preventive maintenance techniques that can minimize failures and provide industrial plants with effective equipment, but in many companies the maintenance tasks are performed very frequently and not as per plan and do not take into consideration the conditions of the plant and equipments. The failure of each and every component needs to be studied in order to choose the best maintenance strategy. This paper presents a fuzzy VIKOR (Multicriteria Optimization and Compromise Solution) technique which is used in developing a comprehensive approach for maintenance strategy selection in the Deinking plant of the paper industry to choose the appropriate maintenance strategy thereby reducing the unnecessary cost incurred on the maintenance.

Design/methodology/approach

In this paper, the Fuzzy VIKOR based methodology was applied for determining the maintenance criticality index of the deinking plant of the paper industry. The effect of failure of components were evaluated by three maintenance experts on five performance criteria that is chance of failure, chance of non-detection, downtime length, severity, spare part criticality. The components were ranked according to the maintenance criticality index and thereby implementing the appropriate maintenance strategy.

Findings

The Fuzzy VIKOR technique was applied to calculate the ranking of various components of paper industry based on the views and judgment of three maintenance experts. The proposed technique suggested the appropriate maintenance strategy for various components taking into consideration the maintenance criticality index of the components.

Originality/value

The proposed technique will help the maintenance managers to solve a discrete problem with non-commensurable and conflicting criteria. The study will help the industries to reduce the unnecessary maintenance tasks and thereby reduce the maintenance cost. This will help the maintenance practitioners in choosing the best and most effective strategy for the organization with regard to the market and company situation especially in the changing business requirement of Industry 4.0.

Details

International Journal of Quality & Reliability Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0265-671X

Keywords

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Article
Publication date: 19 August 2021

Carolyn Jackson, Tamsin McBride, Kim Manley, Belinda Dewar, Beverley Young, Assumpta Ryan and Debbie Roberts

This paper aims to share the findings of a realist evaluation study that set out to identify how to strengthen nursing, midwifery and allied health professions (NMAHP…

Abstract

Purpose

This paper aims to share the findings of a realist evaluation study that set out to identify how to strengthen nursing, midwifery and allied health professions (NMAHP) leadership across all health-care contexts in the UK conducted between 2018 and 2019. The collaborative research team were from the Universities of Bangor, Ulster, the University of the West of Scotland and Canterbury Christ Church University.

Design/methodology/approach

Realist evaluation and appreciative inquiry were used across three phases of the study. Phase 1 analysed the literature to generate tentative programme theories about what works, tested out in Phase 2 through a national social media Twitter chat and sense-making workshops to help refine the theories in Phase 3. Cross-cutting themes were synthesised into a leadership framework identifying the strategies that work for practitioners in a range of settings and professions based on the context, mechanism and output configuration of realist evaluation. Stakeholders contributed to the ongoing interrogation, analysis and synthesis of project outcomes.

Findings

Five guiding lights of leadership, a metaphor for principles, were generated that enable and strengthen leadership across a range of contexts. – “The Light Between Us as interactions in our relationships”, “Seeing People’s Inner Light”, “Kindling the Spark of light and keeping it glowing”, “Lighting up the known and the yet to be known” and “Constellations of connected stars”.

Research limitations/implications

This study has illuminated the a-theoretical nature of the relationships between contexts, mechanisms and outcomes in the existing leadership literature. There is more scope to develop the tentative programme theories developed in this study with NMAHP leaders in a variety of different contexts. The outcomes of leadership research mostly focussed on staff outcomes and intermediate outcomes that are then linked to ultimate outcomes in both staff and patients (supplemental). More consideration needs to be given to the impact of leadership on patients, carers and their families.

Practical implications

The study has developed additional important resources to enable NMAHP leaders to demonstrate their leadership impact in a range of contexts through the leadership impact self-assessment framework which can be used for 360 feedback in the workplace using the appreciative assessment and reflection tool.

Social implications

Whilst policymakers note the increasing importance of leadership in facilitating the culture change needed to support health and care systems to adopt sustainable change at pace, there is still a prevailing focus on traditional approaches to individual leadership development as opposed to collective leadership across teams, services and systems. If this paper fails to understand how to transform leadership policy and education, then it will be impossible to support the workforce to adapt and flex to the increasingly complex contexts they are working in. This will serve to undermine system integration for health and social care if the capacity and capability for transformation are not attended to. Whilst there are ambitious global plans (WHO, 2015) to enable integrated services to be driven by citizen needs, there is still a considerable void in understanding how to authentically engage with people to ensure the transformation is driven by their needs as opposed to what the authors think they need. There is, therefore, a need for systems leaders with the full skillset required to enable integrated services across place-based systems, particularly clinicians who are able to break down barriers and silo working across boundaries through the credibility, leadership and facilitation expertise they provide.

Originality/value

The realist evaluation with additional synthesis from key stakeholders has provided new knowledge about the principles of effective NMAHP leadership in health and social care, presented in such a way that facilitates the use of the five guiding lights to inform further practice, education, research and policy development.

Details

Leadership in Health Services, vol. 34 no. 4
Type: Research Article
ISSN: 1751-1879

Keywords

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Article
Publication date: 19 November 2019

Guanghua Li, Chuan Chen, Guomin Zhang and Igor Martek

Factors affecting bid/no-bid decisions of international projects are more complex than those of domestic projects. The purpose of this paper is to identify and rank…

Abstract

Purpose

Factors affecting bid/no-bid decisions of international projects are more complex than those of domestic projects. The purpose of this paper is to identify and rank decision factors considered by variously sized Chinese international contractors (CICs) and categorize those groups of factors important to experienced practitioners.

Design/methodology/approach

The analysis of factors identified by a literature review is conducted based on data derived from questionnaire results received from 119 CIC project and bidding managers. The relative importance of factors is measured by mean value and standard deviation. The discrepancy in rank and importance value perceived by variously sized CICs are explored by ranking disparity analysis, non-parametric test and Spearman’s rank correlation coefficient test. Finally, factor analysis is used to categorize the underlying groups of factors considered by CICs.

Findings

In sum, 41 factors are identified through the literature review as having an impact on the bid decision. Significant disparities in ranking and importance are found in several factors, which partially affect the consistency of the ranking of factors perceived between large and small-medium CICs. Ultimately, nine major factors are identified as impacting the bidding decision, with “contractor’s capability” and “country risk of the host country,” being the most important.

Research limitations/implications

The weight of a factor considered in a decision varies across contractors as a function of contractor size. Whether using models or subjective judgment in making decisions, it is beneficial to fully understand the main groups of factors influencing the decision. Vulnerability to country risk emerges as the first criterion accessed in the bid decision.

Originality/value

A comprehensive set of factors is established for CICs, including both general factors common to domestic projects, and international factors unique to international projects. All factors are grouped by inferential analysis from the perspective of contractors, which reveals the underlying mechanism of the bid decision-making process. While the data were collected from CICs, the methodology in exploring factors, along with implications, is determined to be applicable internationally.

Details

Engineering, Construction and Architectural Management, vol. 27 no. 7
Type: Research Article
ISSN: 0969-9988

Keywords

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Article
Publication date: 20 August 2018

Amelia Bilbao-Terol, Mar Arenas-Parra, Susana Alvarez-Otero and Verónica Cañal-Fernández

Corporate social responsibility (CSR) rating agencies have arisen with the aim of providing external and reliable information about business behaviour. The purpose of this…

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2162

Abstract

Purpose

Corporate social responsibility (CSR) rating agencies have arisen with the aim of providing external and reliable information about business behaviour. The purpose of this paper is to present a multi-criteria methodology for integrating CSR valuations with the financial performance of companies in a unique measure of global sustainability performance.

Design/methodology/approach

The authors present a hybrid TOPSIS methodology on transformed scores of both the CSR valuations and the financial ratios. The “attribute-specific evaluation” approach into Multi-attribute Prospect Theory (PT) has been applied and the Design of Experiments (DoE) is used with the TOPSIS value of the firm as the response variable.

Findings

The proposal has been applied to 118 companies evaluated by Vigeo and Covalence CSR agencies. The authors also have considered five financial ratios of the companies in order to assess their financial performance. Consistent aggregation for firms has been achieved. Relationships between the different rankings, both those of Vigeo and Covalence and the ones constructed in this research, have been analysed. All top 10 Global sustainable firms rank among the top 10 positions in at least one of the remaining rankings. The results show that Vigeo and Covalence provide different information about the CSR behaviour of the companies.

Research limitations/implications

Another interesting question is to study the discrepancies between Vigeo and Covalence, for example, in which areas there is the greatest divergence between the two agencies and what could be the reasons for this.

Practical implications

The results of this research could be of interest for both investors who want a global picture of companies in their selection process and stakeholders concerned with CSR issues who want to take advantage of different CSR ratings.

Originality/value

The application of PT softens the compensatory behaviour of the classical TOPSIS that may prove unsuitable for social evaluation. The DoE allows the aggregation of the weight sets from various decision markers. The combined methodology facilitates the scoring of new firms and the rank reversal problem can be mitigated with this methodology.

Details

Management Decision, vol. 57 no. 2
Type: Research Article
ISSN: 0025-1747

Keywords

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