Search results
1 – 10 of 36The purpose of this paper is to propose a novel way of determining optimal capital structure, applied to sub-groups of Swiss dairy farms from 2003 to 2014. Optimization of capital…
Abstract
Purpose
The purpose of this paper is to propose a novel way of determining optimal capital structure, applied to sub-groups of Swiss dairy farms from 2003 to 2014. Optimization of capital structure is carried out with respect to two performance indicators from an economic value added perspective.
Design/methodology/approach
Optimal values of capital structure are obtained based on a minimization of correlation between economic performance indicators and a distance function of the debt-to-asset ratio distribution to its quantiles. The approach differs from existing approaches in relying solely on empirical data and in using fewer external parameters, which are difficult to estimate, such as risk aversion coefficients. An unbalanced panel data set from the Swiss Farm Accounting Network with almost 14,000 dairy farm observations serves as input data to the model.
Findings
Concise optimal values of capital structure result for regional and temporal sub-groups of Swiss dairy farms. Comparing the evolution of optimal values for these sub-groups with existing models of optimal capital structure, the authors infer that dairy farmers in the mountain region are less risk averse than their counterparts in the valley region and that falling interest rates increase the optimal value of debt-to-asset ratio.
Originality/value
The straightforward computation of optimal values for capital structure without intermediate parameters is useful and new. In addition, the authors’ model can be used as a tool for comparison and validation of previous models with the same aim, e.g. for comparison of risk aversion coefficients or qualitative behavior of optimal values for capital structure.
Details
Keywords
Yevgen Biletskiy, Hamidreza Baghi, Jarrett Steele and Ruslan Vovk
Presently, searching the internet for learning material relevant to ones own interest continues to be a time‐consuming task. Systems that can suggest learning material (learning…
Abstract
Purpose
Presently, searching the internet for learning material relevant to ones own interest continues to be a time‐consuming task. Systems that can suggest learning material (learning objects) to a learner would reduce time spent searching for material, and enable the learner to spend more time for actual learning. The purpose of this paper is to present a system of “hybrid search and delivery of learning objects to learners”.
Design/methodology/approach
This paper presents a system of “hybrid search and delivery of learning objects to learners” that combines the use of WordNet for semantic query expansion and an approach to personalized learning object delivery by suggesting relevant learning objects based on attributes specified in the learner's profile. The learning objects are related to the learner's attributes using the IEEE LOM and IMS LIP standards. The system includes a web crawler to collect learning objects from existing learning object repositories, such as NEEDS or SMETE.
Findings
The presented HSDLO system has the ability to accurately search and deliver learning objects of interest to a learner as well as adjust the learner's profile over time by evaluating the learner's preferences implicitly through the learning object selections.
Research limitations/implications
Since real LOM's from SMETE are not much populated, the system is tested with a limited set of attributes. The system is evaluated using a test bench rather than real learners.
Originality/value
The paper proposes a combination of three search techniques in one system as well an architectural solution which can be used for other types of online search engines.
Details
Keywords
Khaled El-Shamandi Ahmed, Anupama Ambika and Russell Belk
This paper examines what the use of an augmented reality (AR) makeup mirror means to consumers, focusing on experiential consumption and the extended self.
Abstract
Purpose
This paper examines what the use of an augmented reality (AR) makeup mirror means to consumers, focusing on experiential consumption and the extended self.
Design/methodology/approach
The authors employed a multimethod approach involving netnography and semi-structured interviews with participants in India and the UK (n = 30).
Findings
Two main themes emerged from the data: (1) the importance of imagination and fantasy and (2) the (in)authenticity of the self and the surrounding “reality.”
Research limitations/implications
This research focuses on AR magic makeup mirror. The authors call for further research on different AR contexts.
Practical implications
The authors provide service managers with insights on addressing gaps between the perceived service (i.e. AR contexts and the makeup consumption journey) and the conceived service (i.e. fantasies and the extended self).
Originality/value
The authors examine the lived fantasy experiences of AR experiential consumption. In addition, the authors reveal a novel understanding of the extended self as temporarily re-envisioned through the AR mirror.
Details
Keywords
Bernd Kriegesmann, Thomas Kley and Markus G. Schwering
The article seeks to highlight an unconventional way out of the “innovation dilemma”, relevant to many business organizations. Innovative management and risk friendliness are…
Abstract
Purpose
The article seeks to highlight an unconventional way out of the “innovation dilemma”, relevant to many business organizations. Innovative management and risk friendliness are necessary, but the way in which failure is handled and the resulting fear of making mistakes block the (innovative) efforts of specialists and managers.
Design/methodology/approach
The article draws on theoretical as well as empirical work. First, the seemingly crystal‐clear concept of “error” is elaborated and the rare category of “creative errors” is introduced. Second, illustrative findings from a case study in the automotive sector are reported.
Findings
The paper suggests that a culturally exacerbated antipathy towards errors ultimately leads to a situation of pronounced innovation incompetence in which creative behavior is avoided. The article points out that it is not an “absolution of mistakes” that is required, but a tolerance for legitimate errors which should only occur under exceptional circumstances. The authors underlines that fairness in dealing with errors is considerably more important than a misguided attempt to create or maintain harmony. In addition to the philosophy and potential of this unusual incentive system, possible practical implementation problems are considered.
Research limitations/implications
Generalization is limited because the findings are based on only one case study. However, because of the vital importance of the so‐called “innovation dilemma”, the exploratory findings of the study may trigger further empirical research on “creative errors”.
Practical implications
An initiative like the “Creative Error of the Month” may help to bring about cultural change towards a climate of trust and confidence in which innovative commitment is treated fairly even if it does not in fact succeed.
Originality/value
Common approaches to enhance organizational innovativeness reward “success stories” or praise “zero‐based cultures”. This case study suggests that a sophisticated initiative revolving around the “hidden” innovative potential of “creative errors” and “tragic failures” might prove to be a successful offbeat attempt at stimulating creativity and innovative behaviour in enterprises.
Details
Keywords
Matthew Russell Scobie, Markus J. Milne and Tyron Rakeiora Love
This paper explores diverse practices of the giving and demanding of democratic accountability within a case of conflict around deep-sea petroleum exploration in Aotearoa New…
Abstract
Purpose
This paper explores diverse practices of the giving and demanding of democratic accountability within a case of conflict around deep-sea petroleum exploration in Aotearoa New Zealand. These practices include submissions and consultations, partnership between Indigenous Peoples and a settler-colonial government and dissensus. These are theorised through the political thought of Jacques Rancière.
Design/methodology/approach
A single case study approach is employed that seeks to particularise and draws on interview, documentary and media materials.
Findings
By examining a case of conflict, the authors find that as opportunities for participation in democratic accountability processes are eroded, political dissensus emerges to demand parts in the accountability process. Dissensus creates counter forums within a wider understanding of democratic accountability. In this case, individuals and organisations move between police (where hierarchy counts those with a part) and politics (exercised when this hierarchy is disrupted by dissensus) to demand parts as police logics become more and less democratic. These parts are then utilised towards particular interests, but in this case to also create additional parts for those with none.
Originality/value
This study privileges demands for accountability through dissensus as fundamental to democratic accountability, rather than just account giving and receiving. That is, who is or who is not included – who has a stake or a part – is crucial in a broader understanding of democratic accountability. This provides democratic accountability with a radical potential for creating change. The study also advances thinking on democratic accountability by drawing from Indigenous perspectives and experiences in a settler-colonial context.
Details
Keywords
Bernd Kriegesmann, Thomas Kley and Markus G. Schwering
To highlight an unconventional way out of the “innovation dilemma,” relevant to many business organizations, innovative management and risk friendliness are necessary, but the way…
Abstract
Purpose
To highlight an unconventional way out of the “innovation dilemma,” relevant to many business organizations, innovative management and risk friendliness are necessary, but the way in which failure is handled and the resulting fear of making mistakes block the (innovative) efforts of specialists and managers.
Design/methodology/approach
The paper draws on theoretical as well as empirical work: first, the seemingly crystal‐clear concept of “error” is elaborated and the rare category of “creative errors” is introduced. Second, illustrative findings from a case study in the automotive sector are reported.
Findings
Suggests that a culturally exacerbated antipathy towards errors leads ultimately to a situation of pronounced innovational incompetence in which creative behavior is avoided. Points out, that not an “absolution of mistakes” is required, but a tolerance for legitimate errors which should only occur under exceptional circumstances. Underlines, that fairness in dealing with errors is considerably more important than a misguided attempt to create or maintain harmony. In addition to the philosophy and potential of this unusual incentive system, possible practical implementation problems are considered.
Research limitations/implications
Generalization is limited because the findings are based on only one case study. However, because of the vital importance of the so‐called “innovation dilemma,,” the exploratory findings of the study may trigger further empirical research on “creative errors.”
Practical implications
An initiative like the “Creative Error of the Month” may help to bring about cultural change towards a climate of trust and confidence in which innovative commitment is treated fairly even if it does not in fact succeed.
Originality/value
Common approaches to enhance organizational innovativeness reward “success stories” or praise “zero‐based cultures.” This case study suggests that a sophisticated initiative revolving around the “hidden” innovative potential of “creative errors” and “tragic failures” might prove to be a successful off‐beat attempt at stimulating creativity and innovative behavior in enterprises.
Details
Keywords
Markus Walz, Patrizia Hoyer and Matt Statler
The purpose of this paper is to introduce the unique artistic approach of film-maker Werner Herzog as an inspiration to rethink ethnographic studies in general and the notion of…
Abstract
Purpose
The purpose of this paper is to introduce the unique artistic approach of film-maker Werner Herzog as an inspiration to rethink ethnographic studies in general and the notion of reflexivity in particular.
Design/methodology/approach
This paper reviews the particularities of Werner Herzog’s approach to filmmaking, linking them to the methodological tradition of visual ethnography and especially the debate about the role of reflexivity and performativity in research.
Findings
Herzog’s conceptualization of meaning as “ecstatic truth” offers an avenue for visual organizational ethnographers to rethink reflexivity and performativity, reframe research findings and reorganize research activities. The combination of multiple media and the strong authorial involvement exhibited in Herzog’s work, can inspire and guide the development of “meaningful” organizational ethnographies.
Originality/value
The paper argues that practicing visual organizational ethnography “after Herzog” offers researchers an avenue to engage creatively with their research in novel and highly reflexive ways. It offers a different way to think through some of the challenges often associated with ethnographic research.
Details
Keywords
Alinaghi Ziaee Bigdeli, Muhammad Kamal and Sergio de Cesare
The dilemma of implementing and adopting inter‐organisational systems (IOS) that enable information sharing in an electronic fashion has been regarded as an inevitable issue for…
Abstract
Purpose
The dilemma of implementing and adopting inter‐organisational systems (IOS) that enable information sharing in an electronic fashion has been regarded as an inevitable issue for the public sector. The majority of previous studies have mainly focused on Central or Federal level organisations, and more importantly applied so‐called old fashion theoretical lenses, hence failed to capture the extensive picture of information sharing in an inter‐organisational and inter‐departmental settings. Therefore, the purpose of this paper is to investigate the barriers and enablers of information sharing in local level in order to clarify why sharing information in local level differs from the central/federal level, and why innovation adoption theories are not sufficient enough to explore an inter‐organisational phenomenon.
Design/methodology/approach
A systematic literature review on technology adoption in public sector is carried out in order to select a suitable theoretical lens. Hence, based on previous research on information sharing in public/private sector, inter‐organisational systems adoption, and inter‐departmental collaboration, the factors and participation phases that are relevant to the context of local government have been summarised and discussed.
Findings
This paper proposes a novel conceptual framework that can be used as a tool for decision‐making while sharing information electronically. The framework consists of four main levels: investigation and presentation of factors influencing EIS in LGAs based on external environment, organisational capacity, technology environment, EIS characteristics, and inter‐departmental environment; investigation and presentation of the processes that an LGA department should carry out to decide whether to share information with another department; mapping of the influential factors on the participation phases; and prioritisation of the factors influencing EIS in LGAs in different decision‐making phases.
Research limitations/implications
The proposed framework should be tests and validated through empirical cases, focusing on inter‐departmental collaboration in local level.
Originality/value
From theoretical perspective, almost none of the previous research have investigated the effectiveness of DOI or TOE in studying the adoption of inter‐organisational innovation. Also, they have failed to examine and prioritise the importance of the factor influencing EIS on the participation phases.
Details
Keywords
Deepak Saxena, Mairead Brady, Markus Lamest and Martin Fellenz
This study aims to provide more insight into how customer voice is captured and used in managerial decision-making at the marketing-finance interface. This study’s focus is on…
Abstract
Purpose
This study aims to provide more insight into how customer voice is captured and used in managerial decision-making at the marketing-finance interface. This study’s focus is on understanding how the customer voice, often communicated through online and social media platforms, is used in high-performing hotels.
Design/methodology/approach
This research is based on a case study of four high-performing Irish hotels. For each case, multiple informants, including marketing managers, general managers and finance managers, were interviewed and shadowed. Twenty seven decisions across the four cases were analysed to assess the use of customer voice in managerial decision-making.
Findings
Social media provides a stage that has empowered the customer voice because of the public nature of the interaction and the network effect. Customer voice is incorporated in managerial decision-making in three distinct ways – symbolically as part of an early warning system, for action-oriented operational decisions and to some extent in the knowledge-enhancing role for tactical decisions. While there is a greater appreciation among senior managers and the finance and accounting managers of the importance of customer voice, this study finds clear limits in its utilisation and more reliance on traditional finance and accounting data, especially in strategic decision-making.
Research limitations/implications
The cases belong to a highly visible open environment of hotels in an industry where customer voice has immediate and strong effects. The findings may not directly apply to industries characterised by a relatively more closed context such as banking or insurance. Moreover, the findings reflect the practices of high-performing hotels and do not necessarily capture the practices used in less successfully operating hotels.
Practical implications
While marketers need to enhance their ability to create a narrative that links the customer voice to revenue generation, finance managers also need to develop a skillset and adopt a mindset that appropriately reflects the influential role for customer voice in managerial decision-making.
Originality/value
Despite the linkage of marketing performance to business performance, there is limited research on the impact of customer information on managerial decision-making. This research provides insight into how customer voice is considered at the critical marketing-finance interface.
Details
Keywords
Mohini Vidwans and Rosemary Ann Du Plessis
While women are increasingly in senior positions in accountancy firms, a century after gaining entry to this once exclusively male field, they are still struggling to achieve…
Abstract
Purpose
While women are increasingly in senior positions in accountancy firms, a century after gaining entry to this once exclusively male field, they are still struggling to achieve career success. The concept of possible selves and a model of career crafting are activated in an analysis of how a set of New Zealand professional accountants have pursued their careers. This paper aims to focus on how people actively craft career selves in the context of organisational and gendered constraints, some of which are self-imposed, and therefore, can be modified and revised.
Design/methodology/approach
Interviews with 36 male and female accounting professionals in New Zealand – 21 working in private firms and 15 in academia identify how careers are shaped by contexts, cultural understandings of gender, organisational structures within which accountants are located and wider environmental factors.
Findings
Women accountants in this study are both agential and responsive to a range of constraints they encounter. These women challenge the notion that professional achievement requires single minded allegiance to a career; their strategic career crafting demonstrates how career and family commitments are not irreconcilable but can be skilfully integrated to nurture multiple selves. Their strategies are considered alongside those of a comparable set of male accountants.
Originality/value
This paper contributes to the literature on possible selves and the complexity of gendered lives through the application of a career crafting matrix to explore how accounting professionals forge careers and construct multiple selves.
Details