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Article
Publication date: 1 March 1991

John Bodnar and Alan Harrison

This article focuses on the application of manufacturing conceptsin a medium‐sized manufacturer of plastic products for medical use. Thecompany produces a range of product…

Abstract

This article focuses on the application of manufacturing concepts in a medium‐sized manufacturer of plastic products for medical use. The company produces a range of product lines for a wide range of markets. The article illustrates how concepts such as factory focus, plant within a plant, and order‐winning criteria can be successfully applied. It describes the process whereby manufacturing strategy can be formulated within a company.

Details

International Journal of Operations & Production Management, vol. 11 no. 3
Type: Research Article
ISSN: 0144-3577

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Article
Publication date: 1 June 1997

Barry Schwartz

World War I is the pivot of twentieth century American history because it transformed the United States from a regional into a global power. As the fiftieth anniversary of…

Abstract

World War I is the pivot of twentieth century American history because it transformed the United States from a regional into a global power. As the fiftieth anniversary of World War II winds down, we remind ourselves of the first “Great War” and its continuing importance to American self‐conception and memory.

Details

International Journal of Sociology and Social Policy, vol. 17 no. 6
Type: Research Article
ISSN: 0144-333X

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Article
Publication date: 5 May 2020

Elina R. Tachkova

There is a small amount of research that examines the post-crisis communication efforts of organizations (Coombs, 2012). The discourse of renewal has a focus on learning…

Abstract

Purpose

There is a small amount of research that examines the post-crisis communication efforts of organizations (Coombs, 2012). The discourse of renewal has a focus on learning and positive views of the future. However, there have been some efforts to link it with memorials (Veil et al., 2011). More can be done so that memorials and remembering enhance our understanding of the effects of post-crisis communication. This paper analyzes the Texas A&M Bonfire tragedy as an example of how remembrance, through the shared experience of grief and memorializing, communicates renewal and how the narrative of the crisis has been successfully institutionalized within the organization.

Design/methodology/approach

The study relies on 12 qualitative interviews with undergraduate students attending Texas A&M.

Findings

The findings indicate that memorials are important facilitators of renewal as they carry multiple messages. The results from the study indicated that the narrative of the Bonfire crisis has been embedded within the organizational culture of A&M through a memorialization process facilitated by renewal discourse. Additionally, renewal was found to influence stakeholder perceptions of crises and to be an underlying force of learning and change following organizational crisis.

Originality/value

The paper explores how an organization presents a past crisis to new stakeholders. This paper explores how stakeholders experience and interpret that post-crisis communication. Additionally, the memorial creates a remembering-forgetting tension as organizations want stakeholders to forget the negatives from a crisis.

Details

Corporate Communications: An International Journal, vol. 25 no. 3
Type: Research Article
ISSN: 1356-3289

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Book part
Publication date: 17 February 2020

Simon Grima and Eleftherios I. Thalassinos

Abstract

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Financial Derivatives: A Blessing or a Curse?
Type: Book
ISBN: 978-1-78973-245-0

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Article
Publication date: 26 February 2019

Yujuana Min and Oh Suk Yang

This research began by acknowledging that conventional analysis on the foreign exchange exposure could not adequately reflect firms’ risk management strategies, which…

Abstract

Purpose

This research began by acknowledging that conventional analysis on the foreign exchange exposure could not adequately reflect firms’ risk management strategies, which firms take actions against uncertainties raised by foreign exchange. In order to conceptualize uncertainty aroused by foreign exchange, the purpose of this paper is to develop an index that could measure corporate profits’ sensitivity to foreign exchange uncertainty and examine its possibility of utilization.

Design/methodology/approach

As an alternative to foreign exchange exposure, the present research derived the foreign exchange volatility exposure and analyzed the determinants of foreign currency-denominated debt in terms of foreign exchange volatility exposure. The foreign exchange volatility exposure draws from partially differentiating a firm’s operating profits to the exchange rate volatility.

Findings

The major findings are as follows. First, before the Asian financial crisis, South Korean enterprises had similar responses to the exchange volatility exposure as compared with the exchange exposure on procuring foreign-denominated debt. Second, since the global financial crisis (GFC), not only have Korean firms’ response mechanisms to both exposures changed, but also the significance of exchange volatility exposure has been further emphasized. Furthermore, Korean companies have dealt with exchange uncertainties by decreasing foreign-denominated debt as their foreign exchange volatility exposure increased after GFC. In contrast, the influence of conventional exchange exposure on foreign-denominated debt has diminished.

Research limitations/implications

Future research should focus on several points. First, additional research could extend to foreign investors who have divergent perception and consideration in regard to foreign exchange risk management. Second, research on decision making and motivation in foreign currency choice should be conducted in order to deepen academic understanding. Third, research that refines the variables added in the current research should be conducted. Finally, as a way to manage foreign exchange volatility exposure, further investigation based on this study is possible.

Practical implications

The results of this study have several important theoretical and empirical implications for companies’ foreign exchange risk management strategy. First, through foreign exchange volatility exposure, which can usefully take over the role of the existing foreign exchange exposure, the authors can confirm market uncertainty as being relevant to the foreign exchange risk management strategy. Second, through the financial influence that the foreign exchange volatility exposure has on the foreign currency-denominated debt, the authors can observe the Korean firms’ paradigm shifts in their foreign exchange risk management strategies.

Originality/value

This research confirms the importance of foreign exchange volatility exposure in the research works dealing with firms’ exchange risk management, also the possible influence of foreign exchange volatility exposure in the future might be increased as uncertainty is raised from foreign exchange escalating.

Details

Management Decision, vol. 57 no. 11
Type: Research Article
ISSN: 0025-1747

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Article
Publication date: 22 February 2013

Mark Aaron Polger and Karen Okamoto

The purpose of this paper is to explore the responsibilities and challenges faced by academic librarians whose major responsibilities include the overall promotion of the library.

Abstract

Purpose

The purpose of this paper is to explore the responsibilities and challenges faced by academic librarians whose major responsibilities include the overall promotion of the library.

Design/methodology/approach

A questionnaire was sent to seven library listservs asking respondents to describe their work duties, promotional activities, academic background, and professional challenges and concerns.

Findings

This study garnered 215 responses. Respondents who completed the questionnaire identified as academic librarians whose major responsibilities include the overall promotion of the library. Librarians who promote face a plethora of challenges, including time restraints, lack of funding and limited support for their promotional efforts. These barriers place a strain on promotional work in academic libraries.

Practical implications

The paper illustrates the roles and responsibilities of librarians who promote and the challenges and obstacles they deal with on an institutional and departmental level.

Originality/value

This study provides a unique snapshot of marketing initiatives across various academic libraries, in the midst of a global economic recession.

Details

Library Management, vol. 34 no. 3
Type: Research Article
ISSN: 0143-5124

Keywords

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Article
Publication date: 1 December 2007

Husam‐Aldin Nizar Al‐Malkawi

This paper examines the determinants of corporate dividend policy in Jordan. The study uses a firm‐level panel data set of all publicly traded firms on the Amman Stock…

Abstract

This paper examines the determinants of corporate dividend policy in Jordan. The study uses a firm‐level panel data set of all publicly traded firms on the Amman Stock Exchange between 1989 and 2000. The study develops eight research hypotheses, which are used to represent the main theories of corporate dividends. A general‐to‐specific modeling approach is used to choose between the competing hypotheses. The study examines the determinants of the amount of dividends using Tobit specifications. The results suggest that the proportion of stocks held by insiders and state ownership significantly affect the amount of dividends paid. Size, age, and profitability of the firm seem to be determinant factors of corporate dividend policy in Jordan. The findings provide strong support for the agency costs hypothesis and are broadly consistent with the pecking order hypothesis. The results provide no support for the signaling hypothesis.

Details

Journal of Economic and Administrative Sciences, vol. 23 no. 2
Type: Research Article
ISSN: 1026-4116

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Article
Publication date: 1 April 2003

Georgios I. Zekos

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination…

Abstract

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

Details

Managerial Law, vol. 45 no. 1/2
Type: Research Article
ISSN: 0309-0558

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Article
Publication date: 30 September 2014

Aigbe Akhigbe, Anna D. Martin and Laurence J. Mauer

The purpose of this paper is to investigate whether a non-monotonic relationship may exist between financial distress and foreign exchange (FX) exposure. The authors…

Abstract

Purpose

The purpose of this paper is to investigate whether a non-monotonic relationship may exist between financial distress and foreign exchange (FX) exposure. The authors hypothesize that firms with higher FX exposures are those with the lowest levels of financial distress because the costs of hedging exceed the benefits and those with highest levels of financial distress due to the conflict of interest between shareholders and bondholders.

Design/methodology/approach

The methodology allows for the possibility of a non-monotonic relation between financial distress and FX exposure for firms known to have ex-ante exposures. The approach is to include a Black-Scholes-Merton financial distress measure and standard accounting-based financial distress measures.

Findings

The results support the hypothesis of a non-monotonic relationship between financial distress and exposure; companies with the lowest and highest levels of financial distress are willing to bear greater FX exposures.

Originality/value

The authors examine whether a non-monotonic relationship may exist between distress and FX exposure. Intuition for this non-monotonic relationship is provided by Stulz (1996) as he describes the risk management practices of firms with low, medium, and high default probabilities.

Details

American Journal of Business, vol. 29 no. 3/4
Type: Research Article
ISSN: 1935-5181

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Article
Publication date: 1 January 2004

Christine Helliar

The swaps market has been the world’s fastest growing financial market in the last few decades and the literature has sought reasons to explain this rapid growth. This…

Abstract

The swaps market has been the world’s fastest growing financial market in the last few decades and the literature has sought reasons to explain this rapid growth. This study addresses this issue from a UK perspective and seeks to find out which UK organizations participate in the swaps market, why they choose to use it and the problems that they have encountered. The study consisted of a survey of the treasurers of 594 organizations in the UK. The most important reason why UK companies used swaps was to match their asset and liability cash flows and to stabilize their bottom line earnings. The results of this research will be of interest to both academics and to financial managers worldwide.

Details

Journal of Applied Accounting Research, vol. 7 no. 1
Type: Research Article
ISSN: 0967-5426

Keywords

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