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Article
Publication date: 1 May 2020

Irina Shcherbakova and Marina Ilina

The purpose of this paper is to reveal the essence of project education in the classroom in the foreign (English) language of students of nonlinguistic specialties of the…

Abstract

Purpose

The purpose of this paper is to reveal the essence of project education in the classroom in the foreign (English) language of students of nonlinguistic specialties of the university.

Design/methodology/approach

A sample of the study consisted of 20 first-year students of profile “Lawyer.” The study took place in three stages. The implementation of the training project was carried out based on the university in a group of students studying for the specialty “Lawyer.” At the organizational stage, primary diagnostics of the level of development of communicative competence through testing and communicative cases were carried out. In the second stage, the project was carried out for one semester under four topics by the thematic plan of the English language program. In the third stage, rediagnostics was carried out using testing and communicative cases following the completion of projects.

Findings

Based on the results of repeated diagnostics, a positive dynamic was revealed in the level of development of communicative skills, the development of the independent communicative activity of students at both a productive and a creative level.

Originality/value

The research shows that the inclusion of project activities in the educational process of students of the university contributes to the formation and development of information skills. These skills quite effectively fit into the educational process, carried out in the form of a workshop. And the workshop is effective at all the stages of the project activities.

Details

Journal of Applied Research in Higher Education, vol. 13 no. 1
Type: Research Article
ISSN: 2050-7003

Keywords

Content available
Book part
Publication date: 9 November 2020

Abstract

Details

Circular Economy in Developed and Developing Countries: Perspective, Methods and Examples
Type: Book
ISBN: 978-1-78973-982-4

Article
Publication date: 1 July 2022

Tatiana Ershova, Marina Zavertiaeva and Dmitry Kirpishchikov

This study examines the impact of influential shareholders, namely, state and influential businessmen, on the dividend policies of firms. A special focus is made on the causal…

Abstract

Purpose

This study examines the impact of influential shareholders, namely, state and influential businessmen, on the dividend policies of firms. A special focus is made on the causal effect of exogenous changes: general and personal economic sanctions leading to toughened state policies concerning dividends.

Design/methodology/approach

Russian firms included into the Moscow Stock Exchange Broad Market Index were examined for a period from 2009 to 2019 using a generalized method of moments and a tobit model. The effect of personal sanctions was elucidated with the use of difference-in-differences method with multiple time periods.

Findings

The analysis showed that government or businessmen's ownership does not affect dividend payments. However, after 2014, state-owned companies began to increase their payments. At the same time, owing to a series of changes triggered by general economic sanctions, businessmen-owned companies decrease their dividends payout ratio. Personal sanctions imposed do not have long-term effect on Russian companies' dividends.

Originality/value

This study estimates the effect of ownership structure on dividend payouts after an exogenous change. The results show that there is heterogeneity in influential owners' decisions regarding dividends and changes strengthening it.

Details

Journal of Economic Studies, vol. 50 no. 4
Type: Research Article
ISSN: 0144-3585

Keywords

Open Access
Article
Publication date: 7 June 2022

Marina Zavertiaeva and Tatiana Ershova

This study examines whether CEO power influences the book-based and market-based performance of Russian companies when it is restricted by the presence of essential shareholders…

Abstract

Purpose

This study examines whether CEO power influences the book-based and market-based performance of Russian companies when it is restricted by the presence of essential shareholders, namely, state and influential businessmen.

Design/methodology/approach

Managerial power is divided into structural, ownership, expert and prestige. The proposed power metrics include not only CEOs but also the board of directors' characteristics that may restrict or enhance CEO power. The empirical analysis is based on the sample of 90 large traded Russian firms, which shares are included in the Moscow Stock Exchange Broad Market Index (MICEX BMI), observed from 2012 to 2019.

Findings

Panel data analysis suggests that higher board ownership and tenure may restrict CEO power, which in turn would be beneficial for corporate performance. the authors also see that in companies owned by influential businessmen, CEO power influence on M/B value is more negative, while state ownership does not moderate it. CEO power metrics, based on political experience and tenure, affect corporate performance differently in companies affiliated with extractive industries.

Originality/value

First, the authors consider two channels through which a company in emerging markets may get additional resources: CEOs and influential owners. Second, the authors develop power metrics based on Finkelstein's managerial power classification (1992) and the idea of relative power proposed by Bebchuk et al. (2011). It allows identifying whether the board of directors' may constrain or enhance CEO power to raise corporate performance. Third, the authors analyze developing Russian markets that represent a good ground for testing the question, whereas empirical research on Russia is relatively scarce (Grosman and Leiponen, 2018). Fourth, the authors pay particular attention to the CEO power in the extractive industry, strategically important for the Russian economy.

研究目的

本研究擬探討行政總裁的權力,若因有不可或缺的股東 - 即國家和具影響力的實業家 - 的存在而受到約束時,其權力會否影響俄羅斯公司以賬簿為基礎和以市場為基礎的表現

研究設計/方法/理念

管理權分為結構性的、所有權的、專家的和聲望的。提出的權力指標不但包括行政總裁,也涵蓋或會限制或增加行政總裁權力的董事會特徵。本研究的實證分析法是基於90間股份被納入莫斯科股票交易廣泛市場指數的大型俄羅斯上市公司樣本,觀察期由2012年至2019年

研究結果

面板數據分析顯示、較高的董事會所有權和較長的任期或會限制行政總裁的權力,這因此有利於提升企業績效。我們亦看到,在具影響力的企業家擁有的公司裡,行政總裁權力對市價淨值的影響是較負面的,而國有制沒有把它減低。就隸屬採掘業的公司而言,基於政治經驗和任期的行政總裁權力指標,會對企業績效帶來不同的影響

研究的原創性/價值

(一) 我們考慮在新興市場公司可取得額外資源的兩個途徑:行政總裁和具影響力的所有者。(二) 我們基於芬克爾斯坦 (Finkelstein, 1992) 的管理權分類,以及 Bebchuk et al. (2011) 所提出相對功率的學說,建立了權力指標。憑著這權力指標,我們可鑑定董事會會限制、抑或增強行政總裁提升企業績效的權力。(三) 我們分析發展中的俄羅斯市場,其為測試我們問題的良好地方,而探討俄羅斯的實證研究較為稀有 (Grosman and Leiponen, 2018) 。(四) 我們特別關注在採掘業的行政總裁權力,而採掘業對俄羅斯經濟來說、是具有重要戰略意義的

Details

European Journal of Management and Business Economics, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2444-8451

Keywords

Article
Publication date: 3 February 2012

Hans Lind and Henry Muyingo

The purpose of this article is to critically evaluate maintenance strategies and determine to what extent models from other sectors can be applied to building maintenance.

7859

Abstract

Purpose

The purpose of this article is to critically evaluate maintenance strategies and determine to what extent models from other sectors can be applied to building maintenance.

Design/methodology/approach

The paper is a theoretical paper based on a number of Swedish studies, both case studies and questionnaires. From these a number of stylized facts have been identified and the purpose is to explain and draw conclusions from these.

Findings

The main finding is that there are a number of specific uncertainties that affect building maintenance planning making more detailed long‐term plans less meaningful. A new structure for maintenance is proposed focusing on long‐term strategies goals for various buildings/components and then short run adjustments when new information comes up.

Research limitations/implications

The case for the new model needs to be strengthened by further studies, including studies from other countries.

Practical implications

Maintenance activities will be more important as the large building stock from the 1950s and 1960s needs to be renovated or demolished. A rational structure and realistic expectations concerning maintenance planning is then important.

Originality/value

The most important contribution of the article is to underline the importance of different types of uncertainty for the structure of maintenance planning for building.

Details

Property Management, vol. 30 no. 1
Type: Research Article
ISSN: 0263-7472

Keywords

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