Discusses legal and tax issues surrounding the structuring ofconvertible mortgages. Concludes that convertible mortgages can bestructured in the UK, but the complexity from a tax…
Abstract
Discusses legal and tax issues surrounding the structuring of convertible mortgages. Concludes that convertible mortgages can be structured in the UK, but the complexity from a tax viewpoint restricts their application to high value properties. Cautions that tax implications must be examined in great detail before structuring.
This article aims to introduce a three‐level, 11‐factor framework for women's career progression. The framework summarizes the factors that genuinely do make a difference when it…
Abstract
Purpose
This article aims to introduce a three‐level, 11‐factor framework for women's career progression. The framework summarizes the factors that genuinely do make a difference when it comes to women's career progression.
Design/methodology/approach
The article combines the introduction of a theoretical framework based on a review of academic literature with a real life client case study to illustrate the power for using a structured, research based and data driven approach to identifying career barriers for women's career progression.
Findings
The article shares high‐level findings from the organizational audit and highlights the main lessons learnt during this process.
Practical implications
The article sets out the key areas for consideration when trying to boost the number of senior women in an organization and outlines the reasons for failure of many programs. Furthermore, it points to best practice in designing interventions to increase the number of women in senior roles.
Originality/value
The article introduces a new, research‐driven framework for women's career advancement and provides a client case study that illustrates how a rigorous, research and data‐driven approach to identifying career barriers for women helps to provide and defend recommendations for increasing the number of women in senior roles.
Details
Keywords
– The purpose of this study is to observes how global financial consultancy Deloitte is training its future leaders.
Abstract
Purpose
The purpose of this study is to observes how global financial consultancy Deloitte is training its future leaders.
Design/methodology/approach
The background to the various programs, the form they take and the results they are achieving have been explained.
Findings
This study describes the functioning of Deloitte University in Texas, USA, and explains that a similar institution recently opened in Belgium for prospective Deloitte managers from Europe, the Middle East and Africa. In addition, it reveals how coaching works at Deloitte and details a number of programs aimed at increasing the chances of women and people from ethnic and other minorities to reach the top jobs.
Practical implications
The fact that competition for talent in the coming years will be challenging has been emphasized and that Deloitte University helps the organization to attract and retain talent by distinguishing the company from its competitors.
Social implications
This study reveals that Deloitte is keen to develop leaders of the future from a wide range of backgrounds.
Originality/value
A range of leadership development initiatives at a key global company has been detailed.
Details
Keywords
David Higgins, Paul Jones and Pauric McGowan
This chapter provides a rationale and an introduction for this book. The organisation and structure of the book is identified and justified. Thereafter, each chapter included…
Abstract
This chapter provides a rationale and an introduction for this book. The organisation and structure of the book is identified and justified. Thereafter, each chapter included within the book is introduced and profiled. The chapter concludes by drawing brief conclusions on the book chapters included in this book with suggestions for further research opportunities and implications for the entrepreneurship discipline.
Robert Ayitey Stephens, Jean J. Boddewyn and Sterling Ross Sproul
Smuggling represents a significant proportion of world trade. However, its nature and rationale are not sufficiently understood in comparison with those of counterfeiting…
Abstract
Smuggling represents a significant proportion of world trade. However, its nature and rationale are not sufficiently understood in comparison with those of counterfeiting, parallel importing and contraband trade. The willing or unwilling involvement of MNCs in smuggling is also poorly perceived. These issues are reviewed here as well as actions aimed at reducing smuggling's growth.
Andreas Werr and Philip Runsten
The current paper aims at contributing to the understanding of interorganizational knowledge integration by highlighting the role of individuals' understandings of the task and…
Abstract
Purpose
The current paper aims at contributing to the understanding of interorganizational knowledge integration by highlighting the role of individuals' understandings of the task and how they shape knowledge integrating behaviours.
Design/methodology/approach
The paper presents a framework of knowledge integration as heedful interrelating. Knowledge integration is conceptualized as help seeking, help giving and reflective reframing, and the paper discusses how these knowledge integrating behaviors are shaped by actors' representations of the situation and their role in it. The framework is illustrated and refined in relation to a qualitative case study of an IT outsourcing project.
Findings
Narrow and separating representations of actors' roles, partly based on institutionalized ideas of the proper behaviors of “buyers” and “suppliers”, impede knowledge integration. Such representations render the knowledge integrating behaviors help seeking, help giving and reflective reframing illegitimate.
Research limitations/implications
Results call for attention to actors' representations of the situation and their role in it in order to understand knowledge integration. The interorganizational setting, with its institutionalized roles, provides unique challenges that need to be investigated further. As findings are based on a single case study, further research needs to extend the findings to other kinds of interorganizational collaboration.
Originality/value
The paper adds to the understanding of interorganizational knowledge integration by drawing attention to the importance of individual actors' representations and behaviors. Hereby, the dominant organizational and network levels of analysis in the literature on interorganizational knowledge integration are complemented by an individual level of analysis.
Details
Keywords
Michael Pirson and Erica Steckler
Why has responsible management been so difficult and why is the chorus of stakeholders demanding responsibility getting louder? We argue that management has been framed within the…
Abstract
Why has responsible management been so difficult and why is the chorus of stakeholders demanding responsibility getting louder? We argue that management has been framed within the structural confines of corporate governance. Corporate governance in turn has been developed within the frame of agency theory (Blair, 1995; Eisenhardt, 1989). Agency theory in turn is based on ontological assumptions that do not provide for responsible actions on behalf of management (Jensen, 2001; Jensen & Meckling, 1976; Jensen & Meckling, 1994). As such, we argue that managers need to be aware of the paradigmatic frame of the dominant economistic ontology and learn to transcend it in order to become truly response-able.
Details
Keywords
Jinsil Kim, David H. Weng and Seung-Hyun (Sean) Lee
Drawing on the bribery literature, this paper aims to examine the effect of bribes paid in the home country on firms’ decision to internationalize through exports from transition…
Abstract
Purpose
Drawing on the bribery literature, this paper aims to examine the effect of bribes paid in the home country on firms’ decision to internationalize through exports from transition economies. It also investigates whether the effect of home country bribery may vary from new ventures to established firms, and from those firms that operate in an environment with high to low informal competition.
Design/methodology/approach
This paper tests several hypotheses using a panel data with fixed effects based on a sample of firms in transition economies from the Business Environment and Enterprise Performance Survey.
Findings
First, home country bribery in transition economies can make domestic markets more lenient and dampen firms’ motivation to seek opportunities abroad. Second, new ventures have a higher motivation to focus on their domestic markets after paying bribes. Finally, despite the benefits accrued in the home country through bribery, firms that face a higher level of informal competition in the home country are more likely to seek opportunities abroad.
Practical implications
Managers in transition economies should consider their home country bribery activities in their evaluation of foreign market opportunities. Firms that use money to influence home country government officials, especially new ventures, are advised to have a more holistic view in evaluating foreign market opportunities so they will not miss out on new opportunities.
Originality/value
This paper advances literature on home country institutions and the research on firm global strategies. Moreover, it also highlights several contingencies that shape the effect of home country bribery on firms’ foreign market focus.
Details
Keywords
Many jurisdictions fine illegal cartels using penalty guidelines that presume an arbitrary 10% overcharge. This article surveys more than 700 published economic studies and…
Abstract
Many jurisdictions fine illegal cartels using penalty guidelines that presume an arbitrary 10% overcharge. This article surveys more than 700 published economic studies and judicial decisions that contain 2,041 quantitative estimates of overcharges of hard-core cartels. The primary findings are: (1) the median average long-run overcharge for all types of cartels over all time periods is 23.0%; (2) the mean average is at least 49%; (3) overcharges reached their zenith in 1891–1945 and have trended downward ever since; (4) 6% of the cartel episodes are zero; (5) median overcharges of international-membership cartels are 38% higher than those of domestic cartels; (6) convicted cartels are on average 19% more effective at raising prices as unpunished cartels; (7) bid-rigging conduct displays 25% lower markups than price-fixing cartels; (8) contemporary cartels targeted by class actions have higher overcharges; and (9) when cartels operate at peak effectiveness, price changes are 60–80% higher than the whole episode. Historical penalty guidelines aimed at optimally deterring cartels are likely to be too low.