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1 – 10 of over 2000Since the global financial crisis of 2007-2009 academic research has paid considerable attention to understanding the nature of the crisis, its causes and consequences. This is…
Abstract
Purpose
Since the global financial crisis of 2007-2009 academic research has paid considerable attention to understanding the nature of the crisis, its causes and consequences. This is not surprising given the scale and scope of the crisis. Much of this research has been undertaken within social science disciplines. At the same time, the crisis has also been the subject of fiction – novels, poetry and drama, and there is also a small body of academic scholarship on fiction relating to the crisis (and on finance in fiction more generally). The purpose of this paper is to suggest that fiction can offer a new perspective on the global financial crisis and thereby enhance our understanding of it.
Design/methodology/approach
This exploration draws upon three works of post-crisis fiction: the 2009 play by David Hare, The Power of Yes: A Dramatist Seeks to Understand the Financial Crisis (hereafter The Power of Yes); Other People’s Money, a novel by Justin Cartwright (2011); and Robert Harris’s novel The Fear Index also published in 2011. Its approach is based on close readings of the three texts in question.
Findings
Finance fiction stimulates a reconceptualization of the global financial crisis as a crisis of innovation and technological change.
Originality/value
This paper is a viewpoint article. The originality lies in the author’s interpretation of reading the global financial crisis through fiction.
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The preceeding article has examined some of the motivations behind the high premiums offered shareholders of target firms in acquisitions and mergers. In essence, the acquirers…
Abstract
The preceeding article has examined some of the motivations behind the high premiums offered shareholders of target firms in acquisitions and mergers. In essence, the acquirers appear to be looking for gains largely through enhanced efficiency of operations or by the replacement of inefficient management.
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…
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.
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The purpose of this paper is to describe and explains the development of the evolving mental phenomenon of alternative history.
Abstract
Purpose
The purpose of this paper is to describe and explains the development of the evolving mental phenomenon of alternative history.
Design/methodology/approach
The article analyzes the role of the fiction known as the “What if?” school of speculation about the past, some of its conspicuous exemplars, and how its adaptation might affect attitudes and even prejudices about how to view life.
Findings
Present and future are not always what one thought they could become. “What if?” also gives rise to endeavours in “science” fiction and structured projections today dealing with circumstances of tomorrow and after.
Originality/value
Besides providing diversion, the approach serves to illustrate foresight's conception of “retrostrategy”.
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The purpose of this paper is to review the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.
Abstract
Purpose
The purpose of this paper is to review the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.
Design/methodology/approach
This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.
Findings
As technologies, markets and competitive situations change rapidly and unpredictably, the need for business development to match environmental change has become increasingly associated with organizational learning. Organizations must be capable of learning from their experiences and of disseminating learning if they are to respond to emerging conditions. However, SMEs frequently regard training as a somewhat peripheral, limited, and at times easily neglected activity. It is important that these attitudes are changed and that they view the facilitation of learning within their organizations as a key element in organizational change.
Practical implications
Provides strategic insights and practical thinking that have influenced some of the world's leading organizations.
Originality/value
The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to digest format.
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American industry is in the midst of a new merger boom. Recent studies, however, show that such mergers do not necessarily enhance profits, boost productivity, aid efficiency, or…
Abstract
American industry is in the midst of a new merger boom. Recent studies, however, show that such mergers do not necessarily enhance profits, boost productivity, aid efficiency, or result in social good. Given these findings, you ought to seriously question whether a proposed merger is a sound strategic decision before acting on it.
The pace of international mergers and acquisitions activity has quickened dramatically in the past few years. European companies have continued their spending spree in the United…
Abstract
The pace of international mergers and acquisitions activity has quickened dramatically in the past few years. European companies have continued their spending spree in the United States, while Europe, especially the United Kingdom, has become a corporate battleground. In addition, Japan has become a major buyer in Europe as well as in the United States.
Donald R. Fraser, John C. Groth and Steven S. Byers
This paper examines and updates an earlier study of the liquidity of an extensive array of common stocks traded on NYSE/ASE/NML‐NASDAQ. It reports apparent variances in liquidity…
Abstract
This paper examines and updates an earlier study of the liquidity of an extensive array of common stocks traded on NYSE/ASE/NML‐NASDAQ. It reports apparent variances in liquidity due to trading location and other variables. The paper suggests causes for these differences.
Ka‐wai Fan and Celine Yuen Yan Lai
The ability to sift through the ever‐increasing amounts of information made available online to find quality and accurate data is becoming more important every day. Using…
Abstract
The ability to sift through the ever‐increasing amounts of information made available online to find quality and accurate data is becoming more important every day. Using credibility, accuracy, reasonableness, support, and uniqueness as criteria for Web site evaluation, the authors analyse five Web sites in an effort to determine the value and quality of the information. This article discusses the evaluation of Web sites dedicated to Chinese archaeology, and also points to six main characters of online resources for the subject area. In addition, questions are raised concerning the extent to which online Chinese archaeological resources can advance general awareness of the field and contribute to a growing body of knowledge. The authors hope this article sheds light on some of the challenges that need to be overcome when attempting to present this information to the global community.
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