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Article
Publication date: 1 October 2011

Petri Ferreira and Charl de Villiers

The purpose of this paper is to investigate whether an association exists between a firm's black economic empowerment (BEE) score and its share returns.

924

Abstract

Purpose

The purpose of this paper is to investigate whether an association exists between a firm's black economic empowerment (BEE) score and its share returns.

Design/methodology/approach

The study uses linear regression that controls for the factors explaining share returns identified by Fama and French. The study includes the Top 200 BEE companies according to the Financial Mail/Empowerdex Top Empowerment Companies survey for 2005‐2008.

Findings

The regression analysis shows a significant, negative association between a firm's BEE score and its share returns.

Research limitations/implications

The results suggest that managers may be over‐investing in activities to improve their firms' BEE scores. This result is surprising. The long‐term effect of BEE investment, the association between the different elements of the BEE score and share returns and the optimal BEE investment level are all fruitful avenues for future research.

Originality/value

One of the elements of the BEE score is the percentage of black ownership of the company. Various studies have found positive market reactions to BEE deal announcements, which relate to the percentage of black ownership of the company. By contrast, this study investigates the relationship between an entity's BEE score, as opposed to a BEE deal announcement, and this entity's market performance. The results would be of interest to government policy analysts, investors and managers.

Details

Meditari Accountancy Research, vol. 19 no. 1/2
Type: Research Article
ISSN: 1022-2529

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Article
Publication date: 1 June 2006

Jack Harris and B. Kim Barnes

The purpose of this paper is to share the successful experience of Lilly Research Laboratories (LRL) in engaging senior leaders in developing the next generation of leaders.

4778

Abstract

Purpose

The purpose of this paper is to share the successful experience of Lilly Research Laboratories (LRL) in engaging senior leaders in developing the next generation of leaders.

Design/methodology/approach

The paper describes the principles and approach used by LRL. It provides a straightforward description of the major leadership development programs with a more detailed description of a course on inspirational leadership. One of the co‐authors, a Vice President of Medical, describes his personal motivation for participating.

Findings

The commitment of a significant amount of time to their development by respected senior leaders is a powerful message and model to participants. The ability to interact in a deeply personal way with senior leaders is highly motivating to participants. The involvement of senior leaders in the design and development of programs gives them a strong interest in later participation. Being identified as an inspirational leader and having the opportunity to influence the next generation are personally rewarding to senior leaders.

Originality/value

LRL is one of too few organizations that have succeeded in gaining a high level of commitment from senior leaders to developing future leaders; their methodology may be valuable to other large and medium‐sized organizations.

Details

Industrial and Commercial Training, vol. 38 no. 4
Type: Research Article
ISSN: 0019-7858

Keywords

Available. Open Access. Open Access
Article
Publication date: 28 May 2024

Christopher Amoah

The South African Government announced the black economic empowerment (BEE) legislation in 2003 in the public procurement systems. The legislation was deemed a catalyst for the…

335

Abstract

Purpose

The South African Government announced the black economic empowerment (BEE) legislation in 2003 in the public procurement systems. The legislation was deemed a catalyst for the emancipation of the previously disadvantaged citizens due to the apartheid government policies that secluded them from economic activities. This study aims to explore the challenges of black construction professionals with the BEE as a procurement policy.

Design/methodology/approach

This study adopted a qualitative research approach. Thirty-five black construction professionals were contacted for interviews, of which 21 responded. Due to the COVID-19 restriction, participants were interviewed using telephone interview techniques. The information received was analysed using the thematic contents analysis method.

Findings

The findings revealed the challenges confronting black construction professionals regarding the BEE policy as corrupt practices (leading to the award of contracts to unqualified people), fronting of contractors and individuals for unqualified firms, preventing the participation of experienced and foreign firms, poor policy implementation with no monitoring mechanism and loss of tender due to strict requirements.

Social implications

Urgent attention is needed to review the BEE policy implementation process by the South African government to address the challenges enumerated by the policy beneficiaries to ensure the achievement of the policy objectives.

Originality/value

This study has identified the challenges of the BEE policy; thus, the government can institute measures to address the hindrances thwarting the beneficiaries from realising the policy objectives.

Details

Journal of Public Procurement, vol. 24 no. 4
Type: Research Article
ISSN: 1535-0118

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Article
Publication date: 1 December 2006

Jack Harris and B. Kim Barnes

The purpose of this viewpoint piece is to focus on sharing a set of best practices with senior and emerging leaders.

4237

Abstract

Purpose

The purpose of this viewpoint piece is to focus on sharing a set of best practices with senior and emerging leaders.

Design/methodology/approach

The paper demonstrates the relevance of the skills of storytelling to the practice of leadership and provides a set of suggestions and recommendations for effective use of stories, based on the authors' personal experience and observations.

Findings

Leaders who tell stories compellingly communicate important messages in a memorable way, offer a pathway to leadership for others, develop more effective relationships with those they lead, and can create an inspirational culture in their organizations.

Practical implications

Leaders can search their own history and experience for important lessons learned that can be communicated in the form of a narrative and learn to tell them with grace, humor, and/or incisiveness at appropriate times in the life of their organization or key people.

Originality/value

Those who are leaders or who work to develop leaders can benefit from this alternative approach to leadership communication.

Details

Industrial and Commercial Training, vol. 38 no. 7
Type: Research Article
ISSN: 0019-7858

Keywords

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Article
Publication date: 10 September 2024

Bongani Munkuli, Mona Nikidehaghani, Liangbo Ma and Millicent Chang

The purpose of this study is to explore how the South African government has used accounting technologies to manage the pervasive issue of racial inequality.

182

Abstract

Purpose

The purpose of this study is to explore how the South African government has used accounting technologies to manage the pervasive issue of racial inequality.

Design/methodology/approach

Premised on Foucault’s notion of governmentality, we conducted a qualitative case study. Publicly available archival data are used to determine the extent to which accounting techniques have helped to shape policy responses to racial inequality.

Findings

We show that accounting techniques and calculations give visibility to the problems of government and help design a programme to solve racial inequality. The lived experiences and impacts of racism in the workplace have been problematised, turned into statistics, and used to rationalise the need for ongoing government intervention in solving the problem. These processes underpin the development of the scorecard system, which measures the contributions firms have made towards minimising racial inequalities.

Originality/value

This study augments the existing body of Foucauldian literature by illustrating how power dynamics can be counteracted. We show that in governmental processes, accounting can exhibit a dual role, and these roles are not always subordinate to the analysis of political realities. The case of B-BBEE reveals the unintended consequences of utilising accounting to control the conduct of individuals or groups.

Details

Accounting, Auditing & Accountability Journal, vol. 38 no. 2
Type: Research Article
ISSN: 0951-3574

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Article
Publication date: 1 September 1971

GODFREY THOMPSON, JACK DOVE, P LAYZELL WARD, DONALD DAVINSON, HAROLD SMITH, PHILIP HEPWORTH, NORMAN TOMLINSON, FRANK ATKINSON, HELMUT RÖTZSCH and BOB USHERWOOD

PUBLIC LIBRARIANS outside London watch with attention/pleasure/alarm the results of governmental thinking on the re‐organisation of local government. Londoners will be more…

15

Abstract

PUBLIC LIBRARIANS outside London watch with attention/pleasure/alarm the results of governmental thinking on the re‐organisation of local government. Londoners will be more detached but, remembering 1965 and fingering their old scars, will have sympathy.

Details

New Library World, vol. 73 no. 3
Type: Research Article
ISSN: 0307-4803

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Article
Publication date: 1 August 1955

WHEN one considers the fundamental weakness of time study—the personal evaluation of performance—it raises the question whether the predetermined motion time system is going to…

60

Abstract

WHEN one considers the fundamental weakness of time study—the personal evaluation of performance—it raises the question whether the predetermined motion time system is going to absolve the time study engineer from future disputes as to standard times. And if it is, then at whose door, may we ask, are these disputes to be laid?

Details

Work Study, vol. 4 no. 8
Type: Research Article
ISSN: 0043-8022

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Article
Publication date: 30 January 2007

Shares the successful experience of Lilly Research Laboratories (LRL) in engaging senior leaders in developing the next generation of leaders.

1183

Abstract

Purpose

Shares the successful experience of Lilly Research Laboratories (LRL) in engaging senior leaders in developing the next generation of leaders.

Design/methodology/approach

Describes LRL's major leadership development programmes, and in particular the course on inspirational leadership.

Findings

Reveals that the commitment of a significant amount of time to employee development by respected senior leaders is a powerful message and model to participants. The ability to interact in a deeply personal way with senior leaders is highly motivating. The involvement of senior leaders in the design and development of programmes gives them a strong interest in later participation. Being identified as an inspirational leader and having the opportunity to influence the next generation can be personally rewarding to senior leaders.

Practical implications

Highlights the importance of storytelling in the learning experience.

Originality/value

The methods LRL has used to gain the commitment of senior leaders to developing future leaders may be valuable to other organizations.

Details

Human Resource Management International Digest, vol. 15 no. 1
Type: Research Article
ISSN: 0967-0734

Keywords

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Article
Publication date: 1 January 1989

O. Gene Norman

In the spring of 1982, I published an article in Reference Services Review on marketing libraries and information services. The article covered available literature on that topic…

443

Abstract

In the spring of 1982, I published an article in Reference Services Review on marketing libraries and information services. The article covered available literature on that topic from 1970 through part of 1981, the time period immediately following Kotler and Levy's significant and frequently cited article in the January 1969 issue of the Journal of Marketing, which was first to suggest the idea of marketing nonprofit organizations. The article published here is intended to update the earlier work in RSR and will cover the literature of marketing public, academic, special, and school libraries from 1982 to the present.

Details

Reference Services Review, vol. 17 no. 1
Type: Research Article
ISSN: 0090-7324

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Article
Publication date: 1 November 2006

The paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting‐edge research and case studies.

2301

Abstract

Purpose

The paper aims to review the latest management developments across the globe and pinpoint 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

The article describes the course run by Lilly Research Laboratories and goes into detail about the reasons for involving senior leaders in the development of future leaders. Very good points are made and the importance of leadership development cannot be ignored. The article offers advice on how to encourage leadership development within one's own organization and uses a friendly tone which makes the article very easy to read.

Practical implications

The paper 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.

Details

Development and Learning in Organizations: An International Journal, vol. 20 no. 6
Type: Research Article
ISSN: 1477-7282

Keywords

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