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Article
Publication date: 4 February 2014

Yoann Bazin

– The aim of this article is to open a dialogue between several books written on Goldman Sachs and the academic literature.

820

Abstract

Purpose

The aim of this article is to open a dialogue between several books written on Goldman Sachs and the academic literature.

Design/methodology/approach

Greg Smith's “Why I Left Goldman Sachs” and the French investigation of Marc Roche entitled “THE Bank: How Goldman Sachs Rules the World” are closely studied to identify recurring topics regarding the investment bank.

Findings

Three major dynamics are identified: the intense socialisation that every new employee encounters (almost an indoctrination), the cultural paradigm shift that Goldman Sachs underwent during the 1990s and 2000s and the intensity of the revolving doors between Goldman Sachs' managers and the public regulatory sector.

Originality/value

Focusing on revolving door dynamics, this article opens a dialogue with the academic literature allowing for a problematization: the constant circulation of personnel between regulatory institutions and regulated organisations generates a convergence of actors' habitus that weakens regulation as a whole.

Details

Society and Business Review, vol. 9 no. 1
Type: Research Article
ISSN: 1746-5680

Keywords

Content available
Article
Publication date: 29 May 2007

N. Weinberg

421

Abstract

Details

Strategic Direction, vol. 23 no. 7
Type: Research Article
ISSN: 0258-0543

Keywords

Open Access
Article
Publication date: 30 April 2015

Inkyo Cheong

Discussion of unification was for several decades focused on the costs rather than the benefits for Korea, until reports emphasizing the latter were published by Goldman Sachs…

Abstract

Discussion of unification was for several decades focused on the costs rather than the benefits for Korea, until reports emphasizing the latter were published by Goldman Sachs (2009) and various Korean think tanks over the past four to five years. Although these studies can be evaluated positively in pointing out the benefits of unification rather than the concerns about the costs, several questions can be raised. This paper tries to evaluate the quality and credibility of existing studies and suggests a new approach for estimating the impact of unification. It proposes a computational general equilibrium (CGE) model to be based on the social accounting matrix (SAM) and input-output (IO) table for the North Korean economy, in order to produce more reliable estimates of the benefits and costs of unification and the impact of various cooperative activities between the two Koreas.

Details

Journal of International Logistics and Trade, vol. 13 no. 1
Type: Research Article
ISSN: 1738-2122

Keywords

Article
Publication date: 1 December 2005

Mehmet Ugur

This article aims to ascertain the extent to which probabilistic decision making can enable managers to make crucial decisions in a world of uncertainty associated with…

2376

Abstract

This article aims to ascertain the extent to which probabilistic decision making can enable managers to make crucial decisions in a world of uncertainty associated with globalization. Existing evidence suggests that probabilistic decision making can be deployed for risk management purposes if two conditions are satisfied: the decision maker must be aware of a complete list of possible future events; and the decision maker must be able to revise his/her expectations in the light of new information about such events. This article demonstrates that the satisfaction of these conditions requires a sound understanding of the sources of risks, quantifying those risks, and assessing the probability associated with each. To ensure that these conditions are satisfied, a risk management strategy must aim to maximize the amount of information that will be available at the time of taking the decision rather than wait to learn from outcomes. Outcomes‐based justification of decisions may no longer be an effective decision‐making strategy because the stakes involved, i.e. the risks and opportunities associated with globalization, are too high. An information‐driven, proactive decision‐making strategy requires higher levels of information pooling and exchange within companies.

Details

Handbook of Business Strategy, vol. 6 no. 1
Type: Research Article
ISSN: 1077-5730

Keywords

Article
Publication date: 4 June 2020

Fabian Maximilian Johannes Teichmann and Marie-Christin Falker

This case study highlights why and how the Swiss banking sector played a crucial role in the 1Malaysia Development Berhad (1MDB) corruption scandal. In particular, the paper…

1364

Abstract

Purpose

This case study highlights why and how the Swiss banking sector played a crucial role in the 1Malaysia Development Berhad (1MDB) corruption scandal. In particular, the paper illustrates how different actors in the Swiss financial sector neglected compliance guidelines and due diligence, thus effectively facilitating the laundering of misappropriated 1MDB funds. The purpose of this paper is to give bankers and compliance officers an overview of the methods money launderers use to circumvent compliance measures so that the Swiss banking sector can be protected more effectively from abuse. In addition, there is discussion whether current regulations, including banking secrecy, should be amended.

Design/methodology/approach

This paper used a content analysis methodological approach to collect data from media sources. Qualitative methods were used to analyze these sources.

Findings

The findings reveal that the Swiss banking sector played a major role in facilitating the siphoning and subsequent laundering of 1MDB funds by neglecting due diligence obligations.

Practical implications

This paper advocates a more consequential implementation of the existing anti-money laundering and corruption regulations.

Social implications

A reworking of the 1MDB scandal should be of interest to compliance professionals in the banking sector and citizens that have been negatively affected or are concerned by the involved high-level corruption.

Originality/value

This paper is the first of its kind to study the role of the Swiss banking sector in the 1MDB scandal.

Article
Publication date: 30 October 2020

Yonjoo Cho, Sehoon Kim, Jieun You, Hanna Moon and Hyoyong Sung

Global gender diversity and equality indexes have been developed to promote gender diversity and equality at the country level, but it is difficult to see how those indexes are…

1743

Abstract

Purpose

Global gender diversity and equality indexes have been developed to promote gender diversity and equality at the country level, but it is difficult to see how those indexes are applied to organizations on a daily basis. The purpose of this study is to examine the application of environmental, social and governance (ESG) measures for gender diversity and equality at the organizational level in a Korean context.

Design/methodology/approach

Based on the institutional theory, the authors reviewed ESG measures for gender diversity and equality of women funds in four countries (USA, Canada, UK and Japan) and examined The Women Fund in Korea through document analysis and interviews.

Findings

ESG measures in four countries’ women funds mainly assessed the percentage of women in the workforce, on boards and in leadership positions. In The Women Fund, gender diversity indicators consider the ratio of female to male employees, while gender equality indicators take into account gaps of male and female salaries and positions. This study’s impact analysis indicates that the companies invested in by The Women Fund had higher return on assets and return on equity than those without the fund.

Research limitations/implications

Although women funds explored in this study exemplify the use of ESG measures to apply global gender diversity and equality indexes at the organizational level, research is needed to examine ESG measures and women funds and their associations. Possible topics include what needs to be measured in ESG, who should be involved, how ESG measures should be applied, what outcomes of using ESG measures would ensue in organizations and how ESG measures relate to regional and global gender diversity.

Practical implications

In promoting ESG measures that apply global gender diversity and equality at the organizational level, human resource development practitioners, as change agents, can help organizations develop socially responsible and ethical behaviors and transform organizational culture, practice and systems, which may influence organizations’ long-term survival and development as well as financial performance.

Social implications

As the government’s support and policies guide and drive firms to develop and implement initiatives and programs, the launch and implementation of gender diversity and equality at the organizational level in the form of women funds require a certain level of collaboration between the government and the private sector.

Originality/value

This study on the application of ESG measures for global gender diversity and equality at the organizational level in the form of women funds is timely to engage organizations in dialogue regarding what needs to be done to promote women’s participation and leadership roles in organizations in Korea and other countries.

Details

European Journal of Training and Development, vol. 45 no. 4/5
Type: Research Article
ISSN: 2046-9012

Keywords

Content available
Article
Publication date: 26 August 2014

David Pollitt

114

Abstract

Details

Industrial and Commercial Training, vol. 46 no. 6
Type: Research Article
ISSN: 0019-7858

Article
Publication date: 1 January 2000

BRANDON BECKER, STUART KASWELL, JUDY POPPALARDO and CHERIE MACAULEY

The growth of new trading opportunities, advances in technology, and investor interest in fast, cheap execution have all challenged the dominance of traditional exchanges and…

Abstract

The growth of new trading opportunities, advances in technology, and investor interest in fast, cheap execution have all challenged the dominance of traditional exchanges and encouraged the development of alternative trading systems. This article explores the vigorous debate among market participants that has ensued, and outlines their various positions on how these developments should impact the existing regulatory structure.

Details

Journal of Investment Compliance, vol. 1 no. 1
Type: Research Article
ISSN: 1528-5812

Article
Publication date: 4 January 2011

Yair Holtzman and Johan Anderberg

This article aims to provide business managers and executives with a framework of how to best utilize and implement teams in the workplace so as to maximize both internal and…

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Abstract

Purpose

This article aims to provide business managers and executives with a framework of how to best utilize and implement teams in the workplace so as to maximize both internal and external diversified skill sets capabilities in team members.

Design/methodology/approach

A combination of primary and secondary research was conducted to highlight and strengthen the authors' views and opinions. The original ideas and basic concepts are based upon the authors' own experiences.

Findings

Companies have much to gain from utilizing teams and teamwork within and across corporate boundaries. Success is more likely to be achieved if the team has certain core characteristics. In addition, a heterogeneous team composition could optimize efficiency, quality, and innovation. By collaborating and teaming with external parties companies can overcome internal resource limitations and achieve competitive advantage, greater profitability and maximize chances for long‐term survival.

Research limitations/implications

The article is primarily based upon the authors' own experiences and opinions, which may differ from results of studies and research done on the subject. The secondary research was limited. The survey conducted by the authors was not scientifically constructed. The sample size was small (n=32) but yet statistically significant and based upon a convenience sample.

Practical implications

The article may help company executives and managers who want go get the most out of their employees and enhance their work teams' productivity levels, output quality, and creativity.

Originality/value

The article is a clear and concise read relating to a highly relevant business topic. It takes a multi‐level approach to the concept of teams in the workplace, and could serve as a good guide to business leaders on how to create the most efficient and effective work environment for their employees that will ultimately result in more successful and profitable operations.

Details

Journal of Management Development, vol. 30 no. 1
Type: Research Article
ISSN: 0262-1711

Keywords

Article
Publication date: 17 July 2017

Qiaoling “Amy” Ma and Oleksiy Osiyevskyy

The article emphasizes the importance of corporate reputation as a firm’s key intangible asset leading to tangible shareholder benefits, such as increased profit and market…

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Abstract

Purpose

The article emphasizes the importance of corporate reputation as a firm’s key intangible asset leading to tangible shareholder benefits, such as increased profit and market evaluation for established companies, or higher growth rate, lower risk and ease access to funding for new ventures. However, the benefits of corporate reputation do not follow automatically; rather, “the reputational rent” is created and appropriated through a proper, deliberately designed business model. We discuss the link of a firm’s corporate reputation and its business model, proposing a typology of approaches for reaping the rewards of corporate reputation.

Design/methodology/approach

The study is presented as a conceptual paper with illustrative case examples

Findings

For practical purposes, particularly important are two distinct perspectives on corporate reputation: the utilitarian dimension, and the social dimension. The future may turn out to be “either 5-stars or 1-star” world, with Yelp and similar platforms critically disadvantaging the middle-ground of many markets, keeping only top performers and the ones whose business model is insensitive to reputational erosion. This increases the likelihood that the distribution of possible reputation levels will become increasingly bimodal - either high or low, with almost nothing in between - and can be properly mapped on a 2x2 matrix forming the basis of the study.

Originality/value

We introduce the link between a firm’s corporate reputation and its business model, proposing a typology of approaches for reaping the rewards of corporate reputation.

Details

Strategy & Leadership, vol. 45 no. 4
Type: Research Article
ISSN: 1087-8572

Keywords

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