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1 – 10 of 122The paper considers cases which indicate both the controls exercised by the Statutory Committee of the Royal Pharmaceutical Society of Great Britain over the profession of…
Abstract
The paper considers cases which indicate both the controls exercised by the Statutory Committee of the Royal Pharmaceutical Society of Great Britain over the profession of pharmacy through its powers to hold inquiries into allegations or conviction of misconduct, and the limitations of the power of the Statutory Committee.
Susan R. Hume and Liam Gallagher
This study aims to examine the impact of taking environmental initiatives on the returns for service companies.
Abstract
Purpose
This study aims to examine the impact of taking environmental initiatives on the returns for service companies.
Design/methodology/approach
The authors gathered data for firms that are recognized for their leadership in environmental responsibility using a well‐known social responsibility ranking list. These data were used to compare with those that were ranked high on the index with those that were ranked lower, using Jensen's alpha and Sharpe ratio performance measures relative to a benchmark.
Findings
The upper‐ and lower‐ranked socially responsible firms had significantly higher risk adjusted returns and superior performance than the benchmark. Additionally, there is evidence that firms ranked in the lower group are better valued overall.
Research limitations/implications
A higher return for socially responsible firms suggests that public investors value environmentally‐friendly firms more highly today. Future research could build on this study by examining additional performance measures including four‐factor models and conditional variance.
Practical implications
The study suggests that a service company's commitment to environmental initiatives and the recognition of its commitment is an important signal today for the investor.
Originality/value
While prior research has considered manufacturing companies, this is the first study to examine the impact of a commitment to environmental initiatives for service industry firms. The findings of the empirical examination support the benefits of green initiatives to a significant component of the US economy.
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One of the regions most experienced aircraft engineers, Bryan Sharpe, has recently taken up the post of chief inspector at Knight Air Engineering based at Leeds Bradford Airport.
Abstract
One of the regions most experienced aircraft engineers, Bryan Sharpe, has recently taken up the post of chief inspector at Knight Air Engineering based at Leeds Bradford Airport.
Micro, small, and medium enterprises (MSMEs) are important assets for the economic sustainability in Indonesia. The sector has an important role in encouraging economic growth and…
Abstract
Micro, small, and medium enterprises (MSMEs) are important assets for the economic sustainability in Indonesia. The sector has an important role in encouraging economic growth and supporting the creation of new jobs for the Indonesian population. When Indonesia was facing the economic crisis situation, MSMEs remained and stood strong. In fact, the data shows an increasing number of MSMEs. Despite their contribution to Indonesia’s economies, it turns out that MSMEs still have very basic problems. The results of previous research indicate that MSMEs still face various problems related to financial management caused by a lack of managerial and financial knowledge. There are many cash flow problems faced by MSMEs that are in line with the lack of knowledge and understanding of financial management by MSME actors. This indicates that owners or managers of MSMEs need to have sufficient financial literacy. Understanding of financial literacy is paramount for business actors and can be utilized for instance to prepare financial statements that can be used to obtain funds. In the context of MSMEs, owners or managers need to have financial knowledge related to financial access and also for a company business to grow well. This study aims to analyze the financial literacy of owners or managers and its impact on access to finance and growth of the MSMEs in West Java, Indonesia. The samples of this research are MSMEs’ owners or managers of various business types. Data concerning Financial Literacy, Access to Finance, and Growth of the MSMEs are obtained through questionnaires. The obtained data were processed using Structural Equation Modeling to ensure the relationships between research variables. The results of the research analysis show depictions of the financial literacy, financial access, and growth of MSMEs in West Java, Indonesia. The results of the study support the previous studies and theories that Financial Literacy has a positive effect on Access to Finance and Growth of MSMEs, and Access to Finance also has a positive effect on Growth of MSMEs.
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Looks at the 2000 Employment Research Unit Annual Conference held at the University of Cardiff in Wales on 6/7 September 2000. Spotlights the 76 or so presentations within and…
Abstract
Looks at the 2000 Employment Research Unit Annual Conference held at the University of Cardiff in Wales on 6/7 September 2000. Spotlights the 76 or so presentations within and shows that these are in many, differing, areas across management research from: retail finance; precarious jobs and decisions; methodological lessons from feminism; call centre experience and disability discrimination. These and all points east and west are covered and laid out in a simple, abstract style, including, where applicable, references, endnotes and bibliography in an easy‐to‐follow manner. Summarizes each paper and also gives conclusions where needed, in a comfortable modern format.
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Jim Hahn, Lori Mestre, David Ward and Susan Avery
The purpose of this paper is to provide an overview of the implementation process one academic library used to create a loanable technology program to address student needs for…
Abstract
Purpose
The purpose of this paper is to provide an overview of the implementation process one academic library used to create a loanable technology program to address student needs for multiple technologies that support and facilitate assignments and other projects, including an increasing number that are multimodal.
Design/methodology/approach
This is a case study utilizing focus groups and management data to detail best practices for implementing and maintaining a loanable technology program.
Findings
Preliminary results indicate that this program provides value to students and coursework, as well as justifying creating a budget line to support further program development. Implementing a loanable technology program requires additional strategies for policies and procedures related to acquisition, budget allocation, processing, cataloging, check‐out, replacement, and security of the equipment, as well as marketing the service. Findability and equitable student access to loanable technology are also discussed.
Research limitations/implications
An extensive programmatic evaluation method has yet to be put into place to assess the impact of this program. Suggestions for improvements in the program are included.
Practical implications
The process and strategies described in this paper can be replicated by other institutions that are interested in creating a loanable technology program.
Originality/value
Although many institutions provide some loanable technology, there is little written that documents decisions made that lead to a successful, robust, and sustainable program.
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Vivien E. Jancenelle, Susan F. Storrud-Barnes, Anthony L Iaquinto and Dominic Buccieri
The purpose of this paper is to focus on investor reactions to unanticipated changes in income, and whether those reactions can be mitigated by managerial discussion. The authors…
Abstract
Purpose
The purpose of this paper is to focus on investor reactions to unanticipated changes in income, and whether those reactions can be mitigated by managerial discussion. The authors investigate how top-management team certainty and optimism during post-earnings announcement conference calls can serve as corrective actions and add back firm value in times of unexpected changes in firm-specific risk.
Design/methodology/approach
The research question is tested empirically in the context of large, publicly traded, US firms’ quarterly earnings announcements, and their subsequent post-earnings announcement conference calls. The authors use the advanced content analysis software DICTION to measure the levels of managerial certainty and optimism displayed during post-earnings announcement conference calls, and event-study methodology to measure investors’ reactions.
Findings
Results indicate that earnings surprises are negatively associated with firm value, but that this relationship is mitigated positively by displays of managerial certainty and optimism during post-earnings announcement conference calls.
Originality/value
This work uses an innovative research design to study top-management team rhetoric in post-earnings announcement conference calls, and how specific discussions mitigate investors’ negative reactions to increases in firm-specific risk. The study highlights the importance of top-management team certainty and optimism for value creation in times of change in firm-specific risk, and the importance of rhetoric as a tool for corrective action.
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