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Business ethics/corporate social responsibility.
Abstract
Subject area
Business ethics/corporate social responsibility.
Study level/applicability
From undergrad to executive education (the case series has been successfully used with MBA students and executives).
Case overview
The case series starts by describing how a fictitious company (called L'ArtiMarché) faced an individual corruption issue after entering the Russian market. After describing the company's creative reaction, the case shows that corruption issues can easily reoccur and might require a more systematic approach of L'ArtiMarché to fight corruption within the company and in the society at large.
Expected learning outcomes
Responding/reacting to (external) corruption; governance and compliance systems to prevent corruption; and contribution of companies to the development of the social/political/moral framework of their own operation.
Supplementary materials
Teaching notes.
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The purpose of this paper is to theorize and discuss potential factors for convergence between libraries, archives and museums (LAMs).
Abstract
Purpose
The purpose of this paper is to theorize and discuss potential factors for convergence between libraries, archives and museums (LAMs).
Design/methodology/approach
This is a conceptual paper that criticizes existing research on the convergence between the LAMs for a lack of theoretical reflection and a sacralization of technology. Therefore, concepts such as convergent evolution, isomorphism, social fields and autonomy are used to analyze other potential factors for convergence.
Findings
The paper demonstrates that digitalization is not the only potential driver of convergence between the LAMs. Indeed, other changes in institutions’ environments, such as societal changes, shifts in cultural policy and increasingly common practices among cultural institutions can represent important drivers.
Research limitations/implications
Given that this paper is primarily based on theoretical reflections, future research should empirically investigate the non-digital factors suggested for convergence.
Originality/value
The paper represents an attempt to detect a “blind spot” in existing research on convergences between the LAM institutions and to identify some potential paths for future research to follow.
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Lam Do and Thai-Ha Le
This research investigates how subsidy programs in Vietnam's residential electricity market affect consumers' well-being.
Abstract
Purpose
This research investigates how subsidy programs in Vietnam's residential electricity market affect consumers' well-being.
Design/methodology/approach
Two perspectives are employed: cash transfer and quantity-based subsidy. The effectiveness of cash transfer is measured in three ways: benefit incidence, beneficiary incidence and materiality. The quantity-based subsidy is established under the increasing block rate pricing, with the first two block rates being lower than the marginal cost. To improve the quantity-based subsidy, the research examines the consumer surplus under four proposals.
Findings
The results show that both types of subsidies are ineffective in supporting the poor.
Research limitations/implications
In order to achieve a more equal distribution among households, the subsidy program should remove all subsidized blocks and reflect the full marginal cost. Changes should be made to the price structure regarding both marginal price and intervals.
Practical implications
To mitigate the impact of the quantity-based subsidy, the government should improve the cash transfer by reducing extortion and improving targeting efficiency, especially for poor households living in rented houses.
Originality/value
This paper is the first to discuss the welfare effect of the electricity subsidy in Vietnam. First, it comprehensively evaluates the cash transfer subsidy in Vietnam. Second, it suggests a modification in the residential electricity tariff.
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Discusses how resources are allocated in capitalist and socialist economies comparing the concept of interest (e.g. for present value calculations) with the use of capital charges…
Abstract
Discusses how resources are allocated in capitalist and socialist economies comparing the concept of interest (e.g. for present value calculations) with the use of capital charges (e.g. for calculating opportunity cost). Contrasts the Islamic economic system, which rejects interest but considers moral factors and the will of Allah when measuring welfare. Explains how these ideas can be expressed in the accounting price of capital (for objective factors) and by Islamic welfare criteria; and how they differ from the Pareto Criterion and capitalist concepts of utility. Lists four principles and 12 welfare criteria for an Islamic allocation of resources; and some hints on their practical application before summarizing the conclusions.
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Pradeep K. Jha and Sukanta K. Dash
The Navier‐Stokes equation and the species continuity equation have been solved numerically in a boundary fitted coordinate system comprising the geometry of a large scale…
Abstract
The Navier‐Stokes equation and the species continuity equation have been solved numerically in a boundary fitted coordinate system comprising the geometry of a large scale industrial size tundish. The solution of the species continuity equation predicts the time evolution of the concentration of a tracer at the outlets of a six strand billet caster tundish. The numerical prediction of the tracer concentration has been made with six different turbulence models (the standard k‐ε, the k‐ε RNG, the Low Re number Lam‐Bremhorst model, the Chen‐Kim high Re number model (CK), the Chen‐Kim low Re number model (CKL) and the simplest constant effective viscosity model (CEV)) which favorably compares with that of the experimental observation for a single strand bare tundish. It has been found that the overall comparison of the k‐ε model, the RNG, the Lam‐Bremhorst and the CK model is much better than the CKL model and the CEV model as far as gross quantities like the mean residence time and the ratio of mixed to dead volume are concerned. However, the k‐ε model predicts the closest value to the experimental observation compared to all other models. The prediction of the transient behavior of the tracer is best done by the Lam‐Bremhorst model and then by the RNG model, but these models do not predict the gross quantities that accurately like the k‐ε model for a single strand bare tundish. With the help of the above six turbulence models mixing parameters such as the ratio of mix to dead volume and the mean residence time were computed for the six strand tundish for different outlet positions, height of advanced pouring box (APB) and shroud immersion depth. It was found that three turbulence models show a peak value in the ratio of mix to dead volume when the outlets were placed at 200 mm away from the wall. An APB was put on the bottom of the tundish surrounding the inlet jet when the outlets were kept at 200 mm away from the wall. It was also found that there exists an optimum height of the APB where the ratio of mix to dead volume and the mean residence time attain further peak values signifying better mixing in the tundish. At this optimum height of the APB, the shroud immersion depth was made to change from 0 to 400 mm. It was also observed that there exists an optimum immersion depth of the shroud where the ratio of mix to dead volume still attains another peak signifying still better mixing. However, all the turbulence models do not predict the same optimum height of the APB and the same shroud immersion depth as the optimum depth. The optimum height of the APB and the shroud immersion depth were decided when two or more turbulence models predict the same values.
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The principal objective of corporate planning is to try to direct corporate or national destiny in a logical and formalized manner. In this article A. M. Taylor, Managing Director…
Abstract
The principal objective of corporate planning is to try to direct corporate or national destiny in a logical and formalized manner. In this article A. M. Taylor, Managing Director of L. A. Mitchell (Holdings) Ltd., answers question on why the LAM Group is introducing this technique and what it has achieved so far
Unsustainable logging and illegal logging for domestic and international trade and trafficking continue to lead to deforestation. It is crucial that Sustainable Development Goal…
Abstract
Unsustainable logging and illegal logging for domestic and international trade and trafficking continue to lead to deforestation. It is crucial that Sustainable Development Goal 15 ‘Sustainably manage forests, combat desertification, halt and reverse land degradation, halt biodiversity loss’ is achieved to maintain the livelihoods of people and protect the planet. This is the case in Vietnam as well, where many people, including indigenous groups, rely on the forest for their survival. Drawing on semistructured interviews in Vietnam and a literature review, we investigate how the abuse of forest policies leads to human insecurity. From this, we propose solutions to (1) end unsustainable harvesting and illegal logging (SDG 15.7), (2) integrate the value of forests (culturally and economically) into national and local planning, the development process and poverty elimination strategies (SDG 15.9) and (3) improve the use of forest protection funding provided by international donors.
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The purpose of this paper is to study a geometric process (GP) maintenance model and policy for a repairable system.
Abstract
Purpose
The purpose of this paper is to study a geometric process (GP) maintenance model and policy for a repairable system.
Design/methodology/approach
Lam first introduced the GP and its application to maintenance model. Assume that a replacement policy N is applied by which the system will be replaced by a new, identical one following the Nth failure.
Findings
For a deteriorating system, an optimal replacement policy is determined analytically, and the monotonicity properties of the optimal replacement policy are then studied.
Originality/value
For an improving system, the paper shows that the optimal replacement policy is the ∞ policy, i.e., the policy without replacement.
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Macau is a major gambling city in Asia, with many tourists and customers visiting its casinos every day. These visitors include not only recreational and pathological gamblers…
Abstract
Purpose
Macau is a major gambling city in Asia, with many tourists and customers visiting its casinos every day. These visitors include not only recreational and pathological gamblers, but also professional people such as accountants. Although, past studies have been carried out on the gambling behavior of various individuals, no research has examined the actual gambling outcome of accountants. The rationale for this research is that accountants may be more confident in their ability to predict or calculate gambling outcomes than other individuals because of their numerical competency. This paper aims to address these issues.
Design/methodology/approach
This study is ought to be the first to use data on professional accountants to examine the actual gambling outcomes for accountants against the background of human capital theory. The data are taken from an on‐site survey of 203 professional accounting professionals visiting a casino in Macau.
Findings
The results of the logistic regressions indicate that the variables of “age” and “previous win” have no significant influence on the actual gaming outcome for accountants, but that certified public accountants (CPA) status, self‐confidence, temper, and luck may positively affect the outcome. Further, female accounting professionals are less likely to win than male accounting professionals. The results support the validity of human capital theory, which asserts that the market compensates the cost of education. Although table games are based on casino mathematics, probability, and luck, it is interesting to note that human capital theory also applies in the gaming industries.
Originality/value
The results extend the theoretical development of human capital theory and broaden its application from business sectors to the gaming industry. Further research is recommended to validate the findings.
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