Search results

Facing increased asset prices and growing competition, private equity firms needed to innovate their established business model and shift from focusing on financial engineering to creating operating value. Yet, the authors understand little about how private equity firms increase the value of companies in their portfolios. This paper aims to shed light on organizational strategies, activities and governance principles that private equity firms use to create value.

This investigation combines several qualitative research approaches. Using in-depth interviews with executives in 35 private equity firms, the authors define industry-specific design principles for value creation using a Gioia methodology. They then use the Eisenhardt methodology to make in-depth case comparisons among sample firms.

Private equity firms employ one of four strategies – labeled “Infiltrator,” “Consultant,” “Organizer” or “Investor” – to create value in portfolio companies, each with a different organizational structure, level of cooperation between investor and portfolio firm and specific configuration of design elements.

To the best of the authors’ knowledge, this study is the first to focus on private equity value creation strategies from an organizational perspective. To their knowledge, no other publication has tapped this deeply into the interface between the private equity firm and the portfolio company to define the exact approach taken by the firm. This study contributes to the emerging discussion around the nonfinancial inputs to value creation. In addition, this qualitative research design is underrepresented in private equity research.

Drawing on a series of RAND interviews with Vietnamese prisoners during the Vietnam War, the paper aims to analyze the role of colonizer–colonized in the production of postcolonial representations (postcoloniality) and the role of the Western corporation in the processes of postcoloniality.

Selected RAND interviews are analyzed using a postcolonial lens and explored through the method of critical hermeneutics.

The analysis supports the contention that Western othering of Third World people is neither completely successful nor one-sided. It is argued that while the Western corporation is an important site for understanding hybridity and postcoloniality, analysis needs to go beyond focusing on the symbolic and the textual to take account of the material conditions in which interactions between colonizer–colonized occur. Finally, there is support for further study of the socio-political character of methods of research in the study of international business.

The case suggests further study of colonizer–colonized interactions outside of the context of an on-going war, which may have heightened some forms of resistance and voice.

The paper draws attention to the continuing problem of Western othering of formerly colonized people through military and commercial engagements that are framed by neo-colonial viewpoints embedded in theories of globalization and research methods.

The paper provides rare glimpses into interactions between colonizing and colonized people, and also the under-research study of the role of the Western corporation in the production of postcoloniality.

In an extreme and intentional institutional void, African refugees in Israel are bricoleuring by building an entrepreneurship market next to an “open” detention camp. The purpose of this paper is to analyze how refugee entrepreneurs overcome institutional voids through bricolage in an illegal marketplace outside the detention camp.

In order to deal with the question of why and how people act entrepreneurial under extreme circumstances, the interpretive/social constructionist paradigm is applied in form of the multiple stories milieu case study pattern. Data were gathered via official reports, interviews and observations.

Outside the detention camp it is via bricolage that entrepreneurs address the economic detour in the intentional institutional void. At a place which is meant to make asylum seekers leave Israel by coining them “infiltrators” and by “making their lives miserable,” bricoleurs attend their own and the needs of fellow detainees providing goods and service and community space.

By contextualizing entrepreneurial practices, the paper contributes to the understanding of refugee entrepreneurship by demonstrating how refugees – within the pressure and constraints of context – initiate entrepreneurial activities. Theoretically the paper extends knowledge of minority entrepreneurs who are acting as bricoleurs, explaining how their entrepreneuring can be a kind of space creation process.

The categorization of different manifestations of teacher activist behaviour is the central focus of this paper. Evidence for the analysis is obtained from interviews with teacher activists and from an extensive period of participant‐observation within an Australian teachers' organization. A matrix of nine categories of activism is described in which teacher unionists are classified according to the strength of their identification with the union (“Us”) or the union leadership's internal and external opponents (“Them”) during a period of intense political and industrial conflict. Some of the personal and attitudinal characteristics of the groups of activist teachers so described are discussed in general terms. The study presents a more complex picture of teacher activism than is implied by the more usual classifications of “left”, “right” and “moderate”. The conclusions drawn might also provide material for more extensive research, perhaps of an empirical nature, into teacher involvement in various forms of political and industrial activism.

In order to advance the micro-foundations of institutional theory, we explore how individuals within organizations experience and respond to competing institutional logics. Starting with the premises that these responses are driven by the individuals’ degree of adherence to each competing logic (whether novice, familiar, or identified), and that individuals may resort to five types of responses (ignorance, compliance, resistance, combination or, compartmentalization), we develop a comprehensive model that predicts which response organizational members are likely to activate as they face two competing logics. Our model contributes to an emergent political theory of institutional change by predicting what role organizational members are likely to play in the organizational battles for logics dominance or in organizational attempts at crafting hybrid configurations.

In order to advance the micro-foundations of institutional theory, we explore how individuals within organizations experience and respond to competing institutional logics. Starting with the premises that these responses are driven by the individuals’ degree of adherence to each competing logic (whether novice, familiar, or identified), and that individuals may resort to five types of responses (ignorance, compliance, resistance, combination or, compartmentalization), we develop a comprehensive model that predicts which response organizational members are likely to activate as they face two competing logics. Our model contributes to an emergent political theory of institutional change by predicting what role organizational members are likely to play in the organizational battles for logics dominance or in organizational attempts at crafting hybrid configurations.

This chapter examines the effects of covert forms of social control on social movement participants. Current social science literature addresses the effect of surveillance on social movement organizations, but stops short of exploring the experience of surveillance for political activists. We begin by reviewing how state social control has been incorporated into paradigmatic social movement models. Drawing on examples from the FBI's counterintelligence programs and the growing literature emphasizing the emotional components of social movement mobilization processes, we then demonstrate the range of direct and indirect costs exerted by social control agents on both organizational and individual targets.

Factors influencing crime location choices are not only significant to rape investigations, but they are especially important for geographic profiling. The purpose of the current study is to use temporal, hunting behavior, and modus operandi factors to determine those variables that influence the victim encounter and release locations in serial sexual crime.

Due to the possible correlated nature of serial rapes, the authors use generalized estimating equations (GEE) on a sample of 361 rapes committed by 72 serial sex offenders.

Results indicate that temporal factors, offender hunting behavior, and modus operandi strategies are significant predictors of both the victim encounter and release sites, but the importance of these factors varies depending on whether the location is in a residential land use area, a private site, inside location, or a site that is familiar to the offender.

Police can learn from the current findings and apply them to subsequent rapes within a series by recognizing the timing of the offense, the type of hunting pattern and attack method used in prior sexual crimes committed by the same offender, and modus operandi strategies, to determine the type of location where the rapist is likely to offend next.

This paper is the first attempt to predict factors related to both the encounter and the victim release site in serial rapes using GEE.

The objective of this article is to examine the criminal conduct of convicted bankers and institutions for the purpose of identifying any measurable factor that can determine the degree of risk an organization faces from the threat of organized crime.

Primary research was conducted of the money laundering related acts of bankers and banks charged with criminal offenses. In addition, interviews were conducted of professionals with first‐hand knowledge, directly involved in the events related to these prosecutions.

Although maintenance of a competent anti‐money laundering compliance program is required by law, the real measure of a financial institution's risk from organized crime is directly proportional to the degree with which the business line of an institution genuinely embraces, participates in, and benefits from the anti‐money laundering protocols established by the institution's compliance function.

This paper is original research conducted and presented from the viewpoint of a specialist.