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The learning outcomes of this paper is as follows: understand the issues that faced private Egyptian textile producers following the January 2011 revolution and how that impacted their business model. Evaluate whether Dice’s inorganic expansion through acquiring Alex Clothing Company is a sound strategic decision given the economic uncertainty in Egypt. Analyze the acquisition decision through projection evaluation techniques, including net present value (NPV), internal rate of return (IRR) and modified IRR (MIRR), to measure whether the acquisition will add value to Dice. Discuss non-financial issues post-acquisition that are not captured by traditional capital budgeting and project evaluation techniques.

Dice Manufacturing Company, an established and successful textile manufacturing family business, is facing an important investment decision with regard to inorganic expansion through the acquisition of Alex Clothing Company and its subsidiary United Dyers. The case is intended to be discussed in an undergraduate corporate finance class. The case setting is inside Dice Manufacturing Company, where one of the founders, Nagy Toma and his CFO Victor ElMalek are analyzing the acquisition decision in January 2015. The protagonist is Victor ElMalek, who has to recommend a course of action for the company owners. The case allows students to apply capital budgeting and project valuation methods to make a decision on whether the acquisition brings value to Dice and to analyze issues management can face post-acquisition. The case follows through the history of Dice, presenting its business model and changes that accompanied the 2011 revolution. It then moves on to outline the acquisition opportunity and provides data for students to analyze through traditional project valuation techniques, including NPV, IRR and MIRR.

Undergraduate.

CSS 1: Accounting and Finance.

Teaching notes are available for educators only.

In recent years, China’s growing global economic influence has attracted more foreign workers, requiring leaders to have effective communication skills to manage diverse personnel to drive innovations. Although previous research studies revealed the effects of a leader’s motivating language (ML) on employee’s innovativeness, the mechanism and the boundary conditions for stimulating the relationship between ML and innovative work behavior (IWB) are scarce. Therefore, this study aims to examine employee’s creative self-efficacy (CSE) as a mechanism and coworker support (CS) as a boundary condition in the relationship between ML’s dimensions and IWB.

To test the moderated mediation model, this study collected the data from 283 workers and their respective supervisors at a Beijing-based multinational network company. The research applied a quantitative approach. SPSS and AMOS were used to analyze the data.

ML’s dimensions are positively linked to IWB. CSE was found as a mediator in these relationships. CS did not play its moderation roles on ML – CSE, ML – IWB direct or ML – IWB indirect (via CSE) links. ML’s direction-giving speech is found to be more effective in predicting CSE and IWB.

This is the first paper to examine the impacts of the three dimensions of ML on IWB.

The purpose of this paper was to prepare and evaluate a nanosized mixed calcium iron oxide as a high heat-resistant pigment. Heat-resistant pigments can be defined as chemical substances that impart color to a substrate or binder and retain their color and finish at elevated temperatures. Mixed metal oxides have been widely used as pigments in coating formulations.

This work presents synthesis of nanosized calcium iron oxide as an inorganic pigment by using simple synthesis technique, namely, solid-state calcination method, to study its heat and corrosion resistance. The prepared pigment was characterized by using X-ray diffraction, infrared spectroscopy, scanning electron microscopy and inductive coupling plasma. It was incorporated into paint formulations, and the heat, corrosion and mechanical resistance of dry paint film was evaluated.

In this work, the prepared calcium iron oxide pigment showed excellent heat and corrosion resistance.

Heat-resistant coatings are required for industrial applications, mainly for reactors, exhaust pipes, space craft, stacks and similar equipments that are permanently and occasionally exposed to elevated temperatures. It was previously quite difficult to formulate heat-resistant organic coatings because of binder deficiencies; new vehicles for such applications are now available. Thus, the development of silicon resins has markedly advanced the utility of heat-resistant paints. High-temperature pigments are inorganic chemical compounds that impart and retain their color and finish to a substrate or binder at elevated temperatures.

The nanosized mixed calcium iron oxide could be used as a pigment in paint formulations. It was found that it significantly enhances the heat, corrosion and mechanical resistance. It can also find numerous applications in other paint formulations for surface coating.

The paper shows how the pigment consisting nanosized mixed calcium iron oxide could be used in heat-resistant paint formulations for coating metal surfaces.