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Article
Publication date: 1 December 2000

Rhoda Pierce‐Brown BA FCA PhD

The basis of this paper is a critical review of an article published in this journal, by Zafiris and Bayldon (JAAR, 5, 2, 2000), on Economic Value Added and Market Value Added…

Abstract

The basis of this paper is a critical review of an article published in this journal, by Zafiris and Bayldon (JAAR, 5, 2, 2000), on Economic Value Added and Market Value Added. This review provides a detailed critique of the literature relating to EVA® and the underlying philosophy of the use of EVA® as a performance metric. Following this, there is a comment on the analysis provided by Zafiris and Bayldon and a review of the empirical evidence presented in support of their analysis. The paper demonstrates that the amendments to the EVA® model proposed by Zafiris and Bayldon are not original and are unlikely to result in a significant improvement to the usefulness of the original model.

Details

Journal of Applied Accounting Research, vol. 6 no. 1
Type: Research Article
ISSN: 0967-5426

Keywords

Article
Publication date: 14 May 2019

Tim Cairney and Errol G. Stewart

This study aims to examine whether the industry characteristics of homogeneity, product competition, high auditor competition and accounting standards complexity are associated…

Abstract

Purpose

This study aims to examine whether the industry characteristics of homogeneity, product competition, high auditor competition and accounting standards complexity are associated with auditor changes.

Design/methodology/approach

Logistic regressions test for significance of the industry characteristics on resignations, dismissals and directional changes to and from Big 4 and nonBig 4 auditors after controlling for client, auditor and engagement factors.

Findings

The authors report a lower likelihood of auditor resignations with greater accounting standards complexity. The authors also report a greater likelihood of auditor dismissals with greater industry homogeneity, greater product competition and greater auditor competition. Results also show that accounting standards complexity is associated with a lower likelihood of changes from Big to nonBig auditors, and industry homogeneity is associated with a greater likelihood of changes from Big to nonBig. Also, greater auditor competition is associated with a lower likelihood of changes from nonBig to Big auditors.

Research limitations/implications

Prior research has established the importance of industry characteristics to the market for audit services (Cairney and Stewart, 2015; Wang and Chui, 2015; Cahan et al., 2011; Bills et al., 2015). The authors report that industry characteristics also impact auditor changes. Second, previous research has used various methods that indicate general industry effects on changes. The paper contributes to this research by specifying industry characteristics. Limitations include the reliance on the self-reporting in 8-Ks to identify auditors resigning and firms dismissing auditors. Also, the paper relies on proxies for industry characteristics that were developed in prior research.

Practical implications

Regulators have expressed concern over the relatively low rates of auditor changes and the problem of lack of auditor choice. By demonstrating a significant effect of industry characteristics on changes, the authors indicate some levers that may be available to influence rates of auditor changes, especially realignments to nonBig.

Originality/value

This is one of the first studies to examine how specific industry characteristics impact auditor changes. The study may be of interest to academics who are interested in how industry factors influence auditor changes. It may also interest policymakers who could lever the characteristics of industries to address concerns about the low rates of auditor changes.

Details

Review of Accounting and Finance, vol. 18 no. 2
Type: Research Article
ISSN: 1475-7702

Keywords

Content available
Book part
Publication date: 24 August 2017

Amy C. Edmondson and Jean-François Harvey

Abstract

Details

Extreme Teaming
Type: Book
ISBN: 978-1-78635-449-5

Book part
Publication date: 1 July 2014

Timothy P. Munyon, James K. Summers, Robyn L. Brouer and Darren C. Treadway

Coalitions are informal and interdependent groups of actors operating within organizations, yet their effects in organizations are not widely understood. In this paper, we develop…

Abstract

Coalitions are informal and interdependent groups of actors operating within organizations, yet their effects in organizations are not widely understood. In this paper, we develop a model of coalition formation and functioning inside organizations. By extrapolating the behavioral intentions (i.e., altruistic or antagonistic) and compositional differences (i.e., supplementary or complementary) among these informal group structures, we classify coalitions into four forms (i.e., lobby, cartel, circle, and alliance), theorizing how each coalition form affects work role innovation, resource allocations, and work performance. Our conceptualization helps clarify previous theoretical inconsistencies and establish an agenda for the study of coalitions at work. Furthermore, this paper provides insights into the ways that coalitions support or impede the organization’s objectives.

Details

Research in Personnel and Human Resources Management
Type: Book
ISBN: 978-1-78350-824-2

Keywords

Article
Publication date: 14 May 2018

Mutalib Anifowose, Hafiz Majdi Abdul Rashid, Hairul Azlan Annuar and Hassan Ibrahim

The purpose of this paper is to examine the value relevance of intellectual capital (IC) by analysing the relationship between IC efficiency (ICE) and corporate book value of…

1096

Abstract

Purpose

The purpose of this paper is to examine the value relevance of intellectual capital (IC) by analysing the relationship between IC efficiency (ICE) and corporate book value of listed firms on main board of Nigeria Stock Exchange.

Design/methodology/approach

This study applies the resource-based theory in formulating two hypotheses that guide the results analysis. By employing a two-step dynamic system generalised method of moments (GMMs), and controlling for the possible endogeneity effect on the parameters estimated, for a sample of 91 listed firms on main board of Nigeria Stock Exchange, this study investigates the association of ICE and corporate book value, namely, cash flow from operation and economic value added (EVA), using data over the 2010 to 2014 financial years.

Findings

The results show a significant positive relationship between overall ICE and corporate book value (cash flow from operation and EVA). This study contributes to recent evidence concerning the value relevance of IC information to investors and other interested stakeholders.

Research limitations/implications

The generalisation of the results to smaller firms, in the alternative securities market, may be inappropriate as study sampled listed firms on the main board of Nigerian Stock Exchange.

Practical implications

Those charged with governance should be concerned with the investment and management of IC as it enhances the economic value and operating cash flow in line with the resource-based theory.

Originality/value

This study is first to consider the ICE study across all sectors in the Nigerian economy using modified Pulic value added intellectual capital. The study controls for heteroscedasticity and endogeneity issues by adoption of two-step dynamic system GMMs.

Details

Journal of Intellectual Capital, vol. 19 no. 3
Type: Research Article
ISSN: 1469-1930

Keywords

Article
Publication date: 1 January 2005

Janis K. Zaima, Howard F. Turetsky and Bruce Cochran

Studies that examine the relationship of economic value added (EVA) to market value did not isolate the EVA effect in conjunction with controlling for the economic effect of the…

Abstract

Studies that examine the relationship of economic value added (EVA) to market value did not isolate the EVA effect in conjunction with controlling for the economic effect of the market. Since the EVA metric is viewed as value‐added apart from the market, operational managers will benefit from a procedure that separates the market driven versus firm driven (EVA) effects. Our paper examines the effects of the economy and EVA on MVA. The results indicate that EVA and GDP significantly affect MVA. Furthermore, the MVA‐EVA relationship shows a systematic bias between the largest MVA firms and the smallest MVA firms. Overall, our study provides implications for corporate executives utilizing EVA to evaluate managerial performance linked to MVA.

Details

Review of Accounting and Finance, vol. 4 no. 1
Type: Research Article
ISSN: 1475-7702

Keywords

Article
Publication date: 2 August 2011

José M. De La Torre‐Ruiz, J. Alberto Aragón‐Correa and Vera Ferrón‐Vílchez

The purpose of this paper is to focus on job‐related skill heterogeneity and action team performance by considering that team members may differ in the levels of their job‐related…

2334

Abstract

Purpose

The purpose of this paper is to focus on job‐related skill heterogeneity and action team performance by considering that team members may differ in the levels of their job‐related skill, as well as in the way their job‐related skill is spread over the different dimensions of the task.

Design/methodology/approach

Data were used from 30 National Basketball Association (NBA) teams collected over 21 seasons (1986/1987 through 2006/2007). The total number of team‐seasons analyzed was 584.

Findings

A positive relationship was found between job‐skill level heterogeneity and action team performance that declines as average job‐skill level in the team grows. Furthermore, action teams showed poorer performance when their members with a low job‐related skill level have a high specialization.

Practical implications

From the practical perspective, it is of special interest to an action team manager to know that job‐related skill heterogeneity has a positive influence on team performance – mainly when the average job‐related skill level in the team is low – and that highly specialized members may have a negative influence on action team performance.

Originality/value

The results contribute to the team literature by focusing on action teams. This kind of team has not received attention despite their increasing importance within organizations. Additionally, using sports teams as a sample offers the possibility of gathering a large amount of objective job‐related skill data as well as the possibility of testing hypotheses in a relatively controlled environment, but with real actions instead of experimental actions.

Details

Management Decision, vol. 49 no. 7
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 1 March 2003

William L. Waugh and Wesley W. Waugh

Phenomenologists are among the strongest opponents of logical positivism. Mostly associated with Edmund Husserl, phenomenology is essentially an analytical method or framework for…

Abstract

Phenomenologists are among the strongest opponents of logical positivism. Mostly associated with Edmund Husserl, phenomenology is essentially an analytical method or framework for describing and explaining social relationships and psychological orientations. Phenomenologists attempt to account for the subjective qualities which logical positivists and empiricists assume to be unreal or are mistakenly treated as objective observable phenomena. The authors note that phenomenology has been absorbed into the literature and the language of the field especially in terms of how people do and do not relate to bureaucratic organizations and government programs.

Details

International Journal of Organization Theory & Behavior, vol. 7 no. 3
Type: Research Article
ISSN: 1093-4537

Book part
Publication date: 19 August 2015

Martine R. Haas and Wendy Ham

Strategy scholars have long argued that breakthrough innovation is generated by recombining knowledge from distant domains. Even if firms have the ability to access and absorb…

Abstract

Strategy scholars have long argued that breakthrough innovation is generated by recombining knowledge from distant domains. Even if firms have the ability to access and absorb knowledge from distant domains, however, they may fail to pay attention to such knowledge because it is seemingly irrelevant to their tasks. We draw attention to this problem of knowledge relevance and develop a theoretical model to illuminate how ideas from seemingly irrelevant (i.e., peripheral) domains can generate breakthrough innovation through the cognitive process of analogical reasoning, as well as the conditions under which this is more likely to occur. We situate our theoretical model in the context of teams in order to develop insight into the microfoundations of knowledge recombination within firms. Our model reveals paradoxical requirements for teams that help to explain why breakthrough innovation is so difficult.

Article
Publication date: 30 October 2023

Ziggi Ivan Santini, Ola Ekholm, Ai Koyanagi, Sarah Stewart-Brown, Line Nielsen, Charlotte Meilstrup, Vibeke Koushede and Lau Caspar Thygesen

Prior research on relations between mental health and pain has focused on negative mental health aspects (e.g. depression), while the literature is scarce in terms of positive…

Abstract

Purpose

Prior research on relations between mental health and pain has focused on negative mental health aspects (e.g. depression), while the literature is scarce in terms of positive aspects, such as mental well-being. This study aims to investigate prospective associations of mental well-being at baseline with pain and functional impairment due to pain in the following year.

Design/methodology/approach

Data stem from a Danish nationally representative survey of 5,000 adults (aged 15+) conducted in 2019 and 2020, which was linked to register data. The Short Warwick–Edinburgh Mental Well-being Scale was used to assess mental well-being, both continuously (range 7–35) and categorically (low, moderate, high). Logistic regressions were conducted to assess associations between mental well-being in 2019 and pain and functional impairment due to pain (among those reporting any pain) in 2020.

Findings

In the fully adjusted models, each point increase in mental well-being was inversely associated with pain (OR = 0.97, 95%CI 0.95–0.99) and functional impairment due to pain (OR = 0.96, 95%CI 0.94–0.99). As compared to low mental well-being, moderate mental well-being was associated with an OR of 0.76 (95%CI 0.58–0.99) for pain and an OR of 0.63 (95%CI 0.46–0.87) of functional impairment due to pain, while high mental well-being was associated with an OR of 0.56 (95%CI 0.40–0.77) for pain and an OR of 0.53 (95%CI 0.34–0.79) for functional impairment due to pain.

Originality/value

Higher mental well-being levels may be protective against pain and functional impairment due to pain. Wider mental health promotion may be considered to prevent pain and associated functional impairments in the general population.

Details

Journal of Public Mental Health, vol. 22 no. 4
Type: Research Article
ISSN: 1746-5729

Keywords

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