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Article
Publication date: 11 May 2010

Jeffrey S. Pai and Milton S. Boyd

In the USA, private insurance companies serve as an integral part of the delivery and risk sharing of the federal crop insurance program. Governed by the Standard…

Abstract

Purpose

In the USA, private insurance companies serve as an integral part of the delivery and risk sharing of the federal crop insurance program. Governed by the Standard Reinsurance Agreement (SRA), private crop insurance companies must designate an eligible crop insurance contract to the assigned risk, developmental, or commercial funds. While the SRA restricts the private sector delivery system in a number of ways, the assignment of contracts to crop insurance funds, however, is left solely to the discretion of individual crop insurance companies. Thus, as to the companies' profitability viewpoint, the optimal selection of the crop insurance funds is the most important task. Therefore, the purpose of this paper is to provide a decision framework for crop insurance companies to make optimal decisions regarding the purchases of crop reinsurance. This information and framework may also be useful for crop insurance firms in China when considering crop reinsurance decisions.

Design/methodology/approach

The paper studied three commonly used parametric loss distributions and presented a general guideline to choose the most profitable fund within the company's risk bearing level.

Findings

The paper finds many important features in the commonly used loss distributions, which are useful to maximize the company's underwriting returns.

Originality/value

The paper provides a general decision framework for optimally ceding risks to reinsurance. While this paper focused on agricultural insurance decisions by firms, the concept could be applied to general reinsurance decisions.

Details

China Agricultural Economic Review, vol. 2 no. 2
Type: Research Article
ISSN: 1756-137X

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Article
Publication date: 1 August 2003

Zakir Hossain and M. Ishaq Bhatti

This paper briefly introduces the concept of model selection, reviews recent development in the area of econometric analysis of model selection and addresses some of the…

Abstract

This paper briefly introduces the concept of model selection, reviews recent development in the area of econometric analysis of model selection and addresses some of the crucial issues that are being faced by researchers in their routine research problems. The paper emphasizes on the importance of model selection, particularly the information criteria and penalty functions based model selection procedures which are useful for economists and finance researchers.

Details

Managerial Finance, vol. 29 no. 7
Type: Research Article
ISSN: 0307-4358

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Book part
Publication date: 18 August 2006

Heli Wang and Jeffrey J. Reuer

This paper provides a stakeholder-based rationale for firm risk reduction through diversification. While firm-specific investments from stakeholders are often important…

Abstract

This paper provides a stakeholder-based rationale for firm risk reduction through diversification. While firm-specific investments from stakeholders are often important sources of firm competitive advantage and economic rents, there is a reduced incentive for stakeholders to make these investments due to the risk associated with firm-specific investments. Since the risk associated with firm-specific investments is often related to the total firm risk level, we argue that stakeholders’ difficulties in diversifying the risks associated with their firm-specific investments create incentives for risk management by firms. We test this argument in a diversification setting. Based on a sample of firms’ first acquisition moves, we find that firms are more likely to engage in risk reduction through diversification when high levels of firm-specific assets are important to the firm's operations. Several proxies for stakeholders’ specific investments are found to be significant in explaining cross-sectional variation in the extent of ex ante risk reduction in acquisitions.

Details

Advances in Mergers and Acquisitions
Type: Book
ISBN: 978-0-76231-337-2

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Article
Publication date: 27 September 2011

Jeffrey Wang, Prakash J. Singh, Danny Samson and Damien Power

This paper aims to investigate the motivations of Australian manufacturing companies for sourcing products and services from China, the results achieved and whether these…

Abstract

Purpose

This paper aims to investigate the motivations of Australian manufacturing companies for sourcing products and services from China, the results achieved and whether these lived up to expectations, related barriers and problems, and how these problems were dealt with.

Design/methodology/approach

The study is based on a survey of 35 Australian manufacturing firms, which have moved to import some goods or components from Chinese sources.

Findings

Most firms that source components or products from China do so because of the cost reductions that were expected. In actuality, significant cost reductions were achieved, however these reductions were on average less than expected. Along with these cost reductions, importing goods or components from China had some quality problems and delivery delays. Control procedures, improved communications and relationship‐building strategies were employed to overcome and deal with such problems, and most firms reported remaining committed to their China sourcing strategies.

Originality/value

This study demonstrates and measures the motivation, degree of success, performance outcomes, and challenges that can be anticipated by firms wishing to source products or components from China.

Details

Supply Chain Management: An International Journal, vol. 16 no. 6
Type: Research Article
ISSN: 1359-8546

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Article
Publication date: 30 August 2013

Benaliza Kuang‐Ying Loo and Chris Hackley

The purpose of this paper is to explore the success factors behind four globally recognised Malaysian high fashion brands. The three main sub‐objectives are: to map the…

Abstract

Purpose

The purpose of this paper is to explore the success factors behind four globally recognised Malaysian high fashion brands. The three main sub‐objectives are: to map the process of high fashion internationalisation onto the general retail internationalisation literature; to engage fashion within the more general marketing and branding literature; to open up a qualitative line of inquiry in internationalisation research, from an Asian business perspective.

Design/methodology/approach

The research design is qualitative, using a case study approach. The paper reports part of a wider study that entailed 32 depth interviews with leading practitioners in four countries, in addition to secondary and informal data sources.

Findings

The chosen case studies achieved their international success through a high degree of cultural assimilation obtained within locations of intense industrial concentration. Knowledge of education, location, language, networks and management systems were important to sustain world class standards of creative design, branding, quality management and marketing communication. For many Asian fashion brands, recognition in key European and American markets enhances the domestic prestige of the brand.

Research limitations/implications

The research generates contextualised insights that are not statistically generalisable.

Practical implications

The study offers first hand insights into high fashion branding and retail internationalisation from four of the most celebrated Asian designers.

Originality/value

The study responds to a need, highlighted in the literature, for more research into the internationalisation strategies of high fashion retail brands.

Details

Qualitative Market Research: An International Journal, vol. 16 no. 4
Type: Research Article
ISSN: 1352-2752

Keywords

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Book part
Publication date: 20 December 2013

Abstract

Details

New Analyses of Worker Well-Being
Type: Book
ISBN: 978-1-78350-056-7

Content available
Article
Publication date: 5 October 2015

Heidi Hanson and Zoe Stewart-Marshall

Abstract

Details

Library Hi Tech News, vol. 32 no. 8
Type: Research Article
ISSN: 0741-9058

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Article
Publication date: 29 January 2021

Yan Bao, Ping Han, Shudi Liao and Jianqiao Liao

Based on the social exchange theory, this study explores the mechanism of leader–subordinate power distance orientation (PDO) congruence with employees' taking charge…

Abstract

Purpose

Based on the social exchange theory, this study explores the mechanism of leader–subordinate power distance orientation (PDO) congruence with employees' taking charge behavior (TCB) and also verifies the moderated mediation effect of employees' promotion regulatory focus (PROM-F) on leader–subordinate PDO congruence and on employees' TCB through trust in the leader (which is the mediator).

Design/methodology/approach

Based on 296 questionnaires from 46 teams of Chinese enterprises, the authors use cross-level polynomial regressions and response surface techniques to analyze the effect of leader–subordinate PDO congruence on employees' TCB and use the block variable technique to test the mediating effect of trust in the leader.

Findings

(1) When leader–subordinates' PDO is congruent, the leader–subordinate low-low PDO matching pattern leads to more employees' TCB than the leader–subordinate high-high PDO matching pattern. (2) When leader–subordinate PDO is incongruent, the leader–subordinate low–high PDO matching pattern will lead to more TCB than the high-low PDO pattern.

Practical implications

(1) Encourage and promote the development of diverse cultures in enterprises. (2) Respect the power and status of employees and encourage a low-PDO leadership style. (3) Increase credibility by developing and establishing a good corporate leader image.

Originality/value

(1) The unique background of this survey offers important cross-cultural information on the effects of leader–subordinate PDO congruence. (2) The results of this research enrich the theoretical understanding of the factors that influence TCB. (3) Reveal the internal mechanisms of CPD congruence with TCB and demonstrate an indirect effect of trust in leader. (4) The discussion of the moderating role of employee's PROM-F will also deepen the understanding of the exchange relationship between leaders and subordinates.

Details

Leadership & Organization Development Journal, vol. 42 no. 3
Type: Research Article
ISSN: 0143-7739

Keywords

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Book part
Publication date: 27 October 2016

Alexandra L. Ferrentino, Meghan L. Maliga, Richard A. Bernardi and Susan M. Bosco

This research provides accounting-ethics authors and administrators with a benchmark for accounting-ethics research. While Bernardi and Bean (2010) considered publications…

Abstract

This research provides accounting-ethics authors and administrators with a benchmark for accounting-ethics research. While Bernardi and Bean (2010) considered publications in business-ethics and accounting’s top-40 journals this study considers research in eight accounting-ethics and public-interest journals, as well as, 34 business-ethics journals. We analyzed the contents of our 42 journals for the 25-year period between 1991 through 2015. This research documents the continued growth (Bernardi & Bean, 2007) of accounting-ethics research in both accounting-ethics and business-ethics journals. We provide data on the top-10 ethics authors in each doctoral year group, the top-50 ethics authors over the most recent 10, 20, and 25 years, and a distribution among ethics scholars for these periods. For the 25-year timeframe, our data indicate that only 665 (274) of the 5,125 accounting PhDs/DBAs (13.0% and 5.4% respectively) in Canada and the United States had authored or co-authored one (more than one) ethics article.

Details

Research on Professional Responsibility and Ethics in Accounting
Type: Book
ISBN: 978-1-78560-973-2

Keywords

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Article
Publication date: 12 October 2017

A.M. Abd-Alla, S.M. Abo-Dahab and Abdullah Alsharif

The purpose of this paper is to study the peristaltic flow of a Jeffrey fluid in an asymmetric channel, subjected to gravity field and rotation in the presence of a…

Abstract

Purpose

The purpose of this paper is to study the peristaltic flow of a Jeffrey fluid in an asymmetric channel, subjected to gravity field and rotation in the presence of a magnetic field. The channel asymmetry is produced by choosing the peristaltic wave train on the walls to have different amplitude and phase. The flow is investigated in a wave frame of reference moving with the velocity of the wave. Involved problems are analyzed through long wavelength and low Reynolds number.

Design/methodology/approach

The analytical expressions for the pressure gradient, pressure rise, stream function, axial velocity and shear stress have been obtained. The effects of Hartmann number, the ratio of relaxation to retardation times, time-mean flow, rotation, the phase angle and the gravity field on the pressure gradient, pressure rise, streamline, axial velocity and shear stress are very pronounced and physically interpreted through graphical illustrations. Comparison was made with the results obtained in the asymmetric and symmetric channels.

Findings

The results indicate that the effect of the Hartmann number, the ratio of relaxation to retardation times, time-mean flow, rotation, the phase angle and the gravitational field are very pronounced in the phenomena.

Originality/value

In the present work, the authors investigate gravity field, and rotation through an asymmetric channel in the presence of a magnetic field has been analyzed. It also deals with the effect of the magnetic field and gravity field of peristaltic transport of a Jeffrey fluid in an asymmetric rotating channel.

Details

Multidiscipline Modeling in Materials and Structures, vol. 13 no. 4
Type: Research Article
ISSN: 1573-6105

Keywords

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