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1 – 10 of over 10000Jörn Obermann and Patrick Velte
This systematic literature review analyses the determinants and consequences of executive compensation-related shareholder activism and say-on-pay (SOP) votes. The review covers…
Abstract
This systematic literature review analyses the determinants and consequences of executive compensation-related shareholder activism and say-on-pay (SOP) votes. The review covers 71 empirical articles published between January 1995 and September 2017. The studies are reviewed within an empirical research framework that separates the reasons for shareholder activism and SOP voting dissent as input factor on the one hand and the consequences of shareholder pressure as output factor on the other. This procedure identifies the five most important groups of factors in the literature: the level and structure of executive compensation, firm characteristics, corporate governance mechanisms, shareholder structure and stakeholders. Of these, executive compensation and firm characteristics are the most frequently examined. Further examination reveals that the key assumptions of neoclassical principal agent theory for both managers and shareholders are not always consistent with recent empirical evidence. First, behavioral aspects (such as the perception of fairness) influence compensation activism and SOP votes. Second, non-financial interests significantly moderate shareholder activism. Insofar, we recommend integrating behavioral and non-financial aspects into the existing research. The implications are analyzed, and new directions for further research are discussed by proposing 19 different research questions.
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Vee Prasher and Anthony Fernando
Dementia in older persons with learning disabilities is a growing concern for all those involved in their care. There is at present no effective treatment, but the importance of…
Abstract
Dementia in older persons with learning disabilities is a growing concern for all those involved in their care. There is at present no effective treatment, but the importance of current drug treatments is reviewed. Developments in drug treatments for dementia remain an active area of ongoing research.
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Indicates the number of employees relocated in the UK each year and the amount of company money spent on making these moves as smooth as possible. Reports a five‐year research…
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Indicates the number of employees relocated in the UK each year and the amount of company money spent on making these moves as smooth as possible. Reports a five‐year research project which suggests that these moves remain very stressful for employees. Argues that this dislocation was caused by managers failing to understand the group move process. Explains the scope of the research, the types of UK company studied and the methods used. Underlines the finding that those organizations that approach group moves as holistic processes, requiring complex management responses, are likely to be more successful than those that approach it in a fragmented and poorly‐integrated way. Also stresses the need to see the group relocation as an opportunity for managed change. Analyses the perspectives of all those involved in managing and making the move (policymakers, those managing the personnel side and the move, those managing the physical side of the move (selection of new premises, etc.), line manager and the individual employees who are making the move) to show the issues that need to be considered.
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Reports on a survey conducted to investigate acute respiratory infections (ARI) in children in developing countries, looking particularly at the Philippines. Explores the role of…
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Reports on a survey conducted to investigate acute respiratory infections (ARI) in children in developing countries, looking particularly at the Philippines. Explores the role of the National Committee for Acute Respiratory Infections and states its objectives and responsibilities. Asserts that state of health is associated with community structure, environmental factors, and social and psychological conditions. Finds also that maternal factors are important determinants in the incidence of ARI episodes, for example, the mother’s characteristics, level of health knowledge, her illness control activities, age, level of education, number of children, smoking behaviour, and the extent to which she has to fulfil other tasks. Explains the methodology used in the survey, the sampling procedure and research instruments used. Indicates that poor housing and living conditions should become the focal point of developmental efforts, and that better nipping in the bud health management should be encouraged through health education programmes.
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This paper aims at comparing and contrasting the Ao Man-long scandal with the Ho Chio-meng case in Macau, drawing lessons from the two events and casting lights on the literature…
Abstract
Purpose
This paper aims at comparing and contrasting the Ao Man-long scandal with the Ho Chio-meng case in Macau, drawing lessons from the two events and casting lights on the literature on corruption scandals.
Design/methodology/approach
The study used documentary research and interpretative and analytical approaches.
Findings
The two cases show considerable administrative discretion on the part of the principal officials involved, and remedial measures along the line of having more rigorous and frequent internal auditing may be necessary.
Originality/value
Original analyses were conducted together with literature review and documentary research. This paper would be of interest to scholars and practitioners concerned with how Macau combats corruption.
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YuFei Guo, YongQing Hai and JianFei Liu
During the industrial design process, a product is usually modified and analyzed repeatedly until reaching the final design. Modifying the model and regenerating a mesh for every…
Abstract
Purpose
During the industrial design process, a product is usually modified and analyzed repeatedly until reaching the final design. Modifying the model and regenerating a mesh for every update during this process is very time consuming. To improve efficiency, it is necessary to circumvent the computer-aided design modeling stage when possible and directly modify the meshes to save valuable time. The purpose of this paper is to develop a method for mesh modifications.
Design/methodology/approach
In contrast to existing studies, which focus on one or a class of modifications, this paper comprehensively studies mesh union, mesh gluing, mesh cutting and mesh partitioning. To improve the efficiency of the method, the paper presents a fast and effective surface mesh remeshing algorithm based on a ball-packing method and controls the remeshing regions with a size field.
Findings
Examples and results show that the proposed mesh modification method is efficient and effective. The proposed method can be also applied to meshes with different material properties, which is very different with previous work that is only suitable for the meshes with same material property.
Originality/value
This paper proposes an efficient and comprehensive tetrahedral mesh modification method, through which engineers can directly modify meshes instead of models and save time.
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We theoretically identify two levels of agency conflicts related to foreign direct investment (FDI): within a parent firm and between parent(s) and an affiliated firm. For a…
Abstract
We theoretically identify two levels of agency conflicts related to foreign direct investment (FDI): within a parent firm and between parent(s) and an affiliated firm. For a sample of 182 firms that announced U.S.‐related FDIs in 1995, we examine the effects of agency conflicts on the choice between a wholly owned subsidiary (WOS) and a joint venture (JV), and the relative share ownership of a parent. Firms with higher management ownership, especially the firms that made related FDIs, and firms with higher foreign affiliate monitoring efficiency are more likely to choose a WOS. Differences between U.S. and non‐U.S. parents are also examined.
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Gives a bibliographical review of the finite element methods (FEMs) applied for the linear and nonlinear, static and dynamic analyses of basic structural elements from the…
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Gives a bibliographical review of the finite element methods (FEMs) applied for the linear and nonlinear, static and dynamic analyses of basic structural elements from the theoretical as well as practical points of view. The range of applications of FEMs in this area is wide and cannot be presented in a single paper; therefore aims to give the reader an encyclopaedic view on the subject. The bibliography at the end of the paper contains 2,025 references to papers, conference proceedings and theses/dissertations dealing with the analysis of beams, columns, rods, bars, cables, discs, blades, shafts, membranes, plates and shells that were published in 1992‐1995.
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It has been well recognized that interface problems often contain strong singularities which make conventional numerical approaches such as uniform h‐ or p‐version of finite…
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It has been well recognized that interface problems often contain strong singularities which make conventional numerical approaches such as uniform h‐ or p‐version of finite element methods (FEMs) inefficient. In this paper, the partition‐of‐unity finite element method (PUFEM) is applied to obtain solution for interface problems with severe singularities. In the present approach, asymptotical expansions of the analytical solutions near the interface singularities are employed to enhance the accuracy of the solution. Three different enrichment schemes for interface problems are presented, and their performances are studied. Compared to other numerical approaches such as h‐p version of FEM, the main advantages of the present method include: easy and simple formulation; highly flexible enrichment configurations; no special treatment needed for numerical integration and boundary conditions; and highly effective in terms of computational efficiency. Numerical examples are included to illustrate the robustness and performance of the three schemes in conjunction with uniform h‐ or p‐refinements. It shows that the present PUFEM formulations can significantly improve the accuracy of solution. Very often, improved convergence rate is obtained through enrichment in conjunction with p‐refinement.
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Gives a bibliographical review of the error estimates and adaptive finite element methods from the theoretical as well as the application point of view. The bibliography at the…
Abstract
Gives a bibliographical review of the error estimates and adaptive finite element methods from the theoretical as well as the application point of view. The bibliography at the end contains 2,177 references to papers, conference proceedings and theses/dissertations dealing with the subjects that were published in 1990‐2000.
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