Jay G. Baris and Arielle Warshall
In the wake of the mutual fund scandals involving market timing and late‐day trading, the Securities and Exchange Commission recently issued new investment company governance…
Abstract
In the wake of the mutual fund scandals involving market timing and late‐day trading, the Securities and Exchange Commission recently issued new investment company governance regulations. The widely debated new rules require most investment companies to ensure that that at least 75% of their directors ‐ and the chairman of the board ‐ be “independent.” The new rules also require most funds to adopt other governance practices, including annual self‐evaluations and meetings in executive session without the presence of fund management. In the adopting release, the SEC also provided guidance on how fund directors should fulfill their fiduciary duties to fund shareholders. The SEC adopted these rules in light of several well publicized enforcement proceedings and anticipation of action by Congress.
Details
Keywords
Enver Baris Bingol, Hilal Colak, Hamparsun Hampikyan and Karlo Muratoglu
This study was performed to determine the microbial quality of stuffed mussels and to discuss the microbiological quality criteria of ready‐to‐eat (RTE) foods defined in the…
Abstract
Purpose
This study was performed to determine the microbial quality of stuffed mussels and to discuss the microbiological quality criteria of ready‐to‐eat (RTE) foods defined in the Turkish Food Codex (TFC).
Design/methodology/approach
Stuffed mussel (Midye Dolma), which can be classified as RTE foods, made from mussel and rice, cooked separately then put together in the shell, is commonly consumed in Turkey. This special food might be an important source of microorganisms especially pathogen bacteria because of preparation and serving process. During the period of March‐October 2006, a total of 168 stuffed mussel samples were collected randomly from restaurants, buffets and street sellers located in Istanbul and analysed some microbiological parameters.
Findings
Coliforms were detected in 130 (77.38 per cent), Escherichia coli in 37 (22.02 per cent), Staphylococcus aureus in 40 (23.80 per cent), Bacillus cereus in 65 (38.69 per cent), yeast and moulds in 147 (87.50 per cent) and sulphite‐reducing anaerob bacteria in 61 (36.30 per cent) stuffed mussel samples, respectively. Total aerobic bacteria count (TAB) was between 1.0 × 102 and 3.2 × 107 CFU/g. No Salmonella spp. was detected in analysed samples.
Originality/value
This is the first comprehensive study to provide information on the microbiological quality of stuffed mussels sold in Istanbul, Turkey. This information is important in the determination of measures that can be taken to control the safety of these cooked or prepared foods.
Details
Keywords
Mainak Bhattacharjee and Dipti Ghosh
The USA–China trade confrontation has become a major concern for all the nations involved in international trade. The retaliatory trade policies taken by both of these major…
Abstract
The USA–China trade confrontation has become a major concern for all the nations involved in international trade. The retaliatory trade policies taken by both of these major trading nations have generated widespread impact among the trading nations especially on the developing and emerging nations. In this chapter, the macro-theoretic model is developed to show how a trade war can potentially arise in the wake of economic downturn led by some demand contracting force in one of the countries having trade ties and in turn can cause the recession to leap into global turmoil. This may prompt the countries to be more protective and averse to international exchange, thereby paving way to more intense trade frictions among the nations and stoking international macroeconomic propagation. Thus, the present introspection hints at tariff war among the nations engaged in restricted trade with each other being a plausible consequence of macroeconomic fault having cross-country repercussion implication and that in turn becomes more pronounced in the present tariff war leading to more fierce trade frictions among the countries.
Details
Keywords
The conflict between Iran and Iraq is not new; it dates from long before September 1980. In fact, the origins of the current war can be traced to the battle of Qadisiyah in…
Abstract
The conflict between Iran and Iraq is not new; it dates from long before September 1980. In fact, the origins of the current war can be traced to the battle of Qadisiyah in Southern Iraq in 637 A.D., a battle in which the Arab armies of General Sa'd ibn Abi Waqqas decisively defeated the Persian army. In victory, the Arab armies extended Islam east of the Zagros Mountains to Iran. In defeat, the Persian Empire began a steady decline that lasted until the sixteenth century. However, since the beginning of that century, Persia has occupied Iraq three times: 1508–1514, 1529–1543, and 1623–1638. Boundary disputes, specifically over the Shatt al‐Arab Waterway, and old enmities caused the wars. In 1735, belligerent Iranian naval forces entered the Shatt al‐Arab but subsequently withdrew. Twenty years later, Iranians occupied the city of Sulimaniah and threatened to occupy the neighboring countries of Bahrain and Kuwait. In 1847, Iran dominated the eastern bank of the Shatt al‐Arab and occupied Mohamarah in Iraq.
This chapter reviews some of the cohesive concepts raised in the recent literature regarding normative dialogues between business and society. The purpose is to draw a few…
Abstract
This chapter reviews some of the cohesive concepts raised in the recent literature regarding normative dialogues between business and society. The purpose is to draw a few meaningful implications toward formulating new guiding philosophies for interaction between large global businesses and society in general. As these concepts tend to counterbalance the preponderance of the pure free market ideology and the traditional understanding of cultural segregation, the chapter's discussion thereof should help synthesize divergent arguments into a unified framework for business–society interface in this globalized environment.
Nataís Fleck, Voltaire Sant’Anna, Wemerson de Castro Oliveira, Adriano Brandelli and Flávio Fonseca Veras
This study aimed to evaluate the antimicrobial activity of the aqueous extract from jaboticaba skin against important foodborne bacteria and fungi and its stability.
Abstract
Purpose
This study aimed to evaluate the antimicrobial activity of the aqueous extract from jaboticaba skin against important foodborne bacteria and fungi and its stability.
Design/methodology/approach
Jaboticaba skin aqueous extract (at ratio of 10 g L-1) was tested against Listeria monocytogenes, Staphylococcus aureus, Bacillus cereus and Escherichia coli. Stability of the anti-staphylococcal activity, total phenolics, monomeric anthocyanins, tannins, phenolic acid content were measured and statistically correlated.
Findings
The residue extract inhibited L.monocytogenes, S.aureus, B.cereus and E.coli growth but was not effective against fungi and was stable to the thermal treatments, remaining with its inhibitory activity against S.aureus. When stored for 14 days at 25 °C with an incidence of light, there was a reduction in the antibacterial activity and in the phenolic compounds. The change in pH slightly changed polyphenolic content profile, and the exposure to papain and bromelain did not affect the antimicrobial activity. Results showed strong correlation between anti-staphylococcal activity, the presence of polyphenols and anthocyanins, meanwhile moderate correlation with phenolic acids content in the extract.
Originality/value
Biopreservatives are a great trend in food microbiology. The present work shows deeper information about the utilization of jaboticaba skin as antimicrobial agent and its stability, which is not found in the current literature.
Details
Keywords
Rodney Paul, Daniel Baris, Hunter Kuchenbaur and Jonah Soos
The main purpose of this research was to determine what types of promotions increase Minor League Baseball attendance across all of the official leagues. The secondary purpose was…
Abstract
Purpose
The main purpose of this research was to determine what types of promotions increase Minor League Baseball attendance across all of the official leagues. The secondary purpose was to ascertain the role of other control variables such as win percentage, weather, days of the week, start time and city demographics. The research also includes a grouping of cities through k-means clustering to better understand what types of promotions work in what cities.
Design/methodology/approach
Data were gathered on all the Minor League Baseball teams and their respective cities. Regression models were run to test for the role of individual promotions (structured as dummy variables) and other controls. One model specification used city demographic variables, one used city fixed effects rather than city demographics and the final specification used k-means clustering to separate cities into distinct groups.
Findings
Promotions generally were found to increase attendance, although there were differences across levels of play. K-means clustering helped with the grouping of cities to ascertain which types of promotions were beneficial when comparing large metropolitan areas to high-income cities.
Research limitations/implications
Promotions were grouped into common categories, although some were difficult to classify (or were infrequent), so a miscellaneous promotions category was included to capture these promotions in Minor League Baseball.
Practical implications
The findings of this research are beneficial to those designing promotional schedules for individual teams. It also is beneficial to the leagues as the findings have implications as it relates to what fans desire to see when attending minor league games.
Originality/value
The originality in this work is the collection of all Minor League Baseball attendance, city information and promotional information across the different levels of play (AAA, AA, High-A and A). Using different model specifications and groupings, including k-means clustering to match similar cities, successful promotions were identified.
Details
Keywords
The manufacturing industry in Pakistan, like any other industry, promotes sustainability in its supply chain operations. Yet, the scenario is different in the chemical…
Abstract
Purpose
The manufacturing industry in Pakistan, like any other industry, promotes sustainability in its supply chain operations. Yet, the scenario is different in the chemical manufacturing sector, which lags in the development and implementation of sustainable development practices and policies to safeguard its long-term viability. Embracing sustainable practices not only fulfills manufacturing needs but also stands out from other companies. Hence, the purpose of this study is to explore the eco-friendly business practices that impact corporate innovation. Organizational size is considered a moderator in the relationship between green practices and corporate innovation.
Design/methodology/approach
The quantitative study was conducted to collect the data through convenience sampling techniques. In total, 138 responses were analyzed through the partial least squares method.
Findings
The findings reveal that the implementation of green practices increases corporate innovation. Thus, the impact varies based on different organizational sizes. The crux of the organizational strategy relies on the implementation of eco-friendly practices and holding the right size to survive.
Practical implications
The proposed study provides new grounds for the natural resource-based perspective theory and stakeholder theory. Chemical manufacturers can tailor their strategies that accommodate varying resources and capabilities, facilitating more effective implementation of green practices across different companies within the sector.
Originality/value
The paper provides new ground for the natural resource-based perspective theory. More specifically, this study was expected to help chemical manufacturers choose environmentally friendly practices that would help them meet corporate sustainability performance goals through innovation.
Details
Keywords
Sunil Chopra and Murali Veeraiyan
Jim Keyes, CEO of Dallas-based Blockbuster Inc., was facing the biggest challenge of his career. In March 2010 Keyes was meeting with Hollywood studios in an effort to negotiate…
Abstract
Jim Keyes, CEO of Dallas-based Blockbuster Inc., was facing the biggest challenge of his career. In March 2010 Keyes was meeting with Hollywood studios in an effort to negotiate better terms for the $1 billion worth of merchandise Blockbuster had purchased the year before. In recent years, Blockbuster's share of the video rental market had been sharply decreasing in the face of competitors such as the low-cost, convenient Redbox vending machines and mail-order and video-on-demand service Netflix. While Blockbuster's market capitalization had dropped 47 percent to $62 million in 2009, Netflix's had shot up 55 percent to $3.9 billion that year. The only hope for Blockbuster, as Keyes saw it, was to shift its business model from primarily brick-and-mortar physical DVD rentals to increased digital and mail-order video delivery. In Keyes's favor, the studios were more than willing to provide him with that help. Hollywood wanted to see Blockbuster win the video-rental wars. Consumers still made frequent purchases of DVDs at its store—purchases which were much more profitable for studios than the rentals that remained Blockbuster's primary business. Blockbuster had made efforts at making its business model more nimble, but the results had been disappointing, and its debt continued to skyrocket. By the end of 2009, the company's debt had climbed to $856 million, its share of the $6.5 billion video rental business had fallen to 27 percent, and its revenues had tumbled 23 percent to $4.1 billion.
The objective of this case is to discuss how different business models and supply chain structures impact the financials of the firms in the DVD rental business. In particular, the goal is to convey that the characteristics of the movie (recent/big hit or old/eclectic) affect whether it is best rented from a centralized or decentralized model. In addition, as streaming gains market share, the impact will be different for movie types and business models.
Details
