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Expert briefing

Similar fears accompanied the 2008-09 anti-crisis response, but did not come true. The main reason is that, while quantitative easing and other measures boost the monetary…

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DOI: 10.1108/OXAN-DB256301

ISSN: 2633-304X

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Article

Anwar Hasan Abdullah Othman, Hasanuddeen Abdul Aziz and Salina Kassim

The purpose of this paper is to investigate the role of selected macroeconomic variables in influencing the movement of net asset value (NAV) of the Islamic unit trust…

Abstract

Purpose

The purpose of this paper is to investigate the role of selected macroeconomic variables in influencing the movement of net asset value (NAV) of the Islamic unit trust funds (UTFs) in Malaysia. In efforts to arrive at more enriching findings, the UTFs are further categorised into equity, bond, balanced, fixed, mixed, money market and feeder funds.

Design/methodology/approach

The study adopts the vector autoregression framework (Johansen and Juselius (1990), cointegration test and vector error correction model to analyse the relationship between the macroeconomic variables and the NAVs of the various type of funds.

Findings

The study shows that there is a significant long-run equilibrium relationship between the macroeconomic variables and the NAV of all Islamic UTFs in Malaysia. Despite of this, the findings show that different funds have different responses to the movements of the macroeconomic variables.

Practical implications

The results of the study are of significant importance to the various stakeholders in the Islamic UTF industry. Investors benefit in terms of getting the inputs on their investment decisions as to whether to buy, hold or sell fund units within their investment portfolio in the long run, along with building their optimal portfolio diversification investment strategy, especially in reallocating their assets distribution between the various types of funds in the UTFs industry. For the policy-makers, the findings of the study may assist them in evaluating the suitability of the existing economic policies as to whether they positively or negatively contribute to the development of the Islamic UTFs.

Originality/value

This paper fulfils the need to understand how unit-holders can strategise and diversify their portfolio investments in the Malaysian Islamic UTFs industry based on detailed understanding and knowledge derived from rational and scientific inputs.

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International Journal of Emerging Markets, vol. 13 no. 4
Type: Research Article
ISSN: 1746-8809

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Article

John G. Lynch and Barbara Lind

Is the average M&A adventure just an executive ego trip? Is it management folly, or can it be done so that it reliably produces growth? A model presented here may help…

Abstract

Is the average M&A adventure just an executive ego trip? Is it management folly, or can it be done so that it reliably produces growth? A model presented here may help executives who are engaged in making acquisitions and making them work navigate the shoals of mergers and acquisitions more successfully.

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Strategy & Leadership, vol. 30 no. 2
Type: Research Article
ISSN: 1087-8572

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Pigment & Resin Technology, vol. 30 no. 2
Type: Research Article
ISSN: 0369-9420

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Article

Serdar Selamet and Caner Bolukbas

This paper aims to present a numerical investigation on the fire performance of a single plate shear connection in a steel-framed composite floor. Large-scale fire…

Abstract

Purpose

This paper aims to present a numerical investigation on the fire performance of a single plate shear connection in a steel-framed composite floor. Large-scale fire experiments show that the tensile membrane action of the concrete slab enhances the fire performance of composite floors. The enhancement in the performance is contributed to large slab deflections. However, these deflections cause significant rotations and tensile force in the single plate connection.

Design/methodology/approach

A finite element model is constructed, which consists of a secondary steel beam, concrete slab and shear connection components. The interaction between the connection components such as bolts and single plate is defined by contact surfaces. The analysis is conducted in two uncoupled phases: thermal analysis by creating fire boundaries on the composite floor model with convective and radiative heat transfer, and mechanical analysis by considering thermal expansion and changes in the material stiffness and strength due to temperature.

Findings

The thermo-mechanical analysis of the composite floor finite element model shows that the structure survives the 2-h Standard fire, but the connection fails by bolt shear and buckling of the connection plate.

Originality/value

This paper investigates the fire performance of a shear connection in a steel-framed concrete slab. Previous work generally focused on the concrete slab behavior only. The originality of the research is that the connection is considered as part of a sub-assembly and is subjected to forces due to concrete and steel beam interaction.

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Journal of Structural Fire Engineering, vol. 7 no. 4
Type: Research Article
ISSN: 2040-2317

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Article

Steven Dhondt, Frank Delano Pot and Karolus O. Kraan

This paper aims to focus on participation in the workplace and examines the relative importance of different dimensions of job control in relation to subjective well-being…

Abstract

Purpose

This paper aims to focus on participation in the workplace and examines the relative importance of different dimensions of job control in relation to subjective well-being and organizational commitment. These dimensions are job autonomy (within a given job), functional support (from supervisor and colleagues) and organizational level decision latitude (shop-floor consultancy on process improvements, division of labor, workmates, targets, etc.). Interaction with work intensity is looked at as well.

Design/methodology/approach

Measurements and data were taken from the European Working Conditions Survey, 2010. The paper focusses on salaried employees only. The sample was further limited to employees in workplaces consisting of at least 50 workers. There are 2,048 employees in the final sample, from Denmark, Ireland, The Netherlands, Finland, Sweden and the UK. In this paper, the focus is not on differences between countries, and adding more countries would have introduced too many country characteristics as intermediate variables.

Findings

In the regression analyses, functional support and organizational level decision latitude showed stronger relations with the outcome variables than job autonomy. There was no relation between work intensity and the outcome variables. Two-way interactions were found for job autonomy and organizational level decision latitude on subjective well-being and for functional support and organizational level decision latitude on organizational commitment. A three-way interaction, of all job control variables combined, was found on organizational commitment, with the presence of all types of job control showing the highest organizational commitment level. No such three-way interaction was found for subjective well-being. There was an indication for a two-way interaction of work intensity and functional support, as well as an indication for a two-way interaction of work intensity and organizational level decision latitude on subjective well-being: high work intensity and low functional support or low organizational level decision latitude seemed to associate with low well-being. No interaction was found for any dimension of job control being high and high work intensity.

Research limitations/implications

Although this study has all the limitations of a cross-sectional survey, the results are more or less in accordance with existing theories. This indicates that organizational level decision latitude matters. Differentiation of job control dimensions in research models is recommended, and so is workplace innovation for healthy and productive jobs.

Originality/value

Most theoretical models for empirical research are limited to control at task level (e.g. the Job Demand-Control-Support model of Karasek and Theorell. The paper aims at nuancing and extending current job control models by distinguishing three dimensions/levels of job control, referring to sociotechnical systems design theory (De Sitter) and action regulation theory (Hacker) and reciprocity (Akerlof). The policy relevance regards the consequences for work and organization design.

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Article

Patrik Jonsson, Linea Kjellsdotter and Martin Rudberg

The purpose of this paper is to explore how standardized advanced planning systems (APS) can be used for solving planning problems at tactical and strategic levels, and to…

Abstract

Purpose

The purpose of this paper is to explore how standardized advanced planning systems (APS) can be used for solving planning problems at tactical and strategic levels, and to identify the perceived effects of using APS.

Design/methodology/approach

Multiple case studies involving three cases using APS software for strategic network planning and master production scheduling are conducted. Comparative analysis explores how the planning situation, the model design and use of the APS impact the perceived planning effects.

Findings

Findings show how APS support cost‐optimized strategic network design in one case and how efficiency, capacity utilization and delivery service problems were decreased in two cases using APS in global master planning processes. The cases show how APS supports cross‐functional integration and supply chain commitment to a common plan. Research directions are suggested about the feasibility of APS in situations with various planning complexities, how design of the optimization model creates complexity and affects the planning process, data gathering requirements when using APS, the role and design of the planning organization, and how to achieve positive planning effects, such as finding global optimum and single plan commitment.

Research limitations/implications

The approach is descriptive and explorative. Only three cases are studied.

Practical implications

The findings present experiences of APS usage and identify issues to consider when using APS and potential benefits to gain from usage.

Originality/value

The practical use of APS is low and the knowledge about how it impacts supply chain planning and performance is unexplored. The findings of this paper fill some of these gaps.

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International Journal of Physical Distribution & Logistics Management, vol. 37 no. 10
Type: Research Article
ISSN: 0960-0035

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Article

J. Noorzaei, M.N. Viladkar and P.N. Godbole

Study of soil‐structure interaction effect in framed structuresnecessitates proper physical modelling of the structure, foundation and thesoil mass. At the same time, the…

Abstract

Study of soil‐structure interaction effect in framed structures necessitates proper physical modelling of the structure, foundation and the soil mass. At the same time, the stress—strain model used for the constitutive relationship of the soil mass must also be realistic. In the present study, a hyperbolic stress—strain model has been used to consider the soil non‐linearity. The interactive behaviour of a five storey, two bay plane frame has been studied in detail and the results are compared with those obtained from a conventional and a linear interactive analysis.

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Engineering Computations, vol. 11 no. 4
Type: Research Article
ISSN: 0264-4401

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Book part

Edward J.Y. Lin, J.H.W. Penm, R.D. Terrell and Soushan Wu

In this paper the techniques of zero-non-zero (ZNZ) patterned vector autoregressive modelling are utilized to examine two issues associated with the European single…

Abstract

In this paper the techniques of zero-non-zero (ZNZ) patterned vector autoregressive modelling are utilized to examine two issues associated with the European single currency – the euro. First, “Granger causality” is employed to examine the causal linkages between the euro exchange rate, the euro area money supply and the gross domestic product (GDP) growth in the euro area. Second, we examine the hypothesis that the euro has become a major influence on international stock markets by testing for the causal relationships between movements in the euro exchange rate, the U.K. pound exchange rate and the London stock market index.

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Research in Finance
Type: Book
ISBN: 978-1-84950-251-1

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Article

Marjolein C.J. Caniëls and Marcel F. van Assen

Whereas many studies address ambidexterity at the organizational level, much less is known about individual level ambidexterity. Moreover, there is a lack of thorough…

Abstract

Purpose

Whereas many studies address ambidexterity at the organizational level, much less is known about individual level ambidexterity. Moreover, there is a lack of thorough understanding of how motivational orientations are related to individual level ambidexterity. Yet, it is crucial to have an understanding of what motivates employees who perform explorative and exploitative activities. This study aims to empirically test the link between the constellation of motivational orientations of employees and their ambidexterity.

Design/methodology/approach

The authors use polynomial regression analysis and surface response analysis to analyze data from 103 employees employed in one Dutch organization. Polynomial regressions allow for analyzing linear and nonlinear direct and interactive effects between different motivational orientations in relation to individual level ambidexterity.

Findings

For individual ambidexterity, it is important to have an assessment orientation that is balanced with a locomotion orientation. Alternatively, people high on only locomotion orientation or only assessment orientation are also ambidextrous.

Originality/value

Insights into the motivational orientation of employees in relation to ambidexterity help to advance the theoretical understanding of how employees may enhance their individual ambidexterity.

Details

Kybernetes, vol. 48 no. 10
Type: Research Article
ISSN: 0368-492X

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