Peter Burggraef, Johannes Wagner, Matthias Dannapfel and Sebastian Patrick Vierschilling
The purpose of this paper is to investigate the benefit of pre-emptive disruption management measures for assembly systems towards the target dimension adherence to delivery times.
Abstract
Purpose
The purpose of this paper is to investigate the benefit of pre-emptive disruption management measures for assembly systems towards the target dimension adherence to delivery times.
Design/methodology/approach
The research was conducted by creating simulation models for typical assembly systems and measuring its varying throughput times due to changes in their disruption profiles. Due to the variability of assembly systems, key influence factors were investigated and used as a foundation for the simulation setup. Additionally, a disruption profile for each simulated process was developed, using the established disruption categories material, information and capacity. The categories are described by statistical distributions, defining the interval between the disruptions and the disruption duration. By a statistical experiment plan, the effect of a reduced disruption potential onto the throughput time was investigated.
Findings
Pre-emptive disruption management is beneficial, but its benefit depends on the operated assembly system and its organisation form, such as line or group assembly. Measures have on average a higher beneficial impact on group assemblies than on line assemblies. Furthermore, it was proven that the benefit, in form of better adherence to delivery times, per reduced disruption potential has a declining character and approximates a distinct maximum.
Originality/value
Characterising the benefit of pre-emptive disruption management measures enables managers to use this concept in their daily production to minimise overall costs. Despite the hardly predictable influence of pre-emptive disruption measures, these research results can be implemented into a heuristic for efficiently choosing these measures.
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Johann Burgstaller and Eva Wagner
The purpose of this paper s to study the financing behavior of family firms (FF), as these differ from their small- and medium-sized enterprise (SME) counterparts in their capital…
Abstract
Purpose
The purpose of this paper s to study the financing behavior of family firms (FF), as these differ from their small- and medium-sized enterprise (SME) counterparts in their capital structure decision, mainly due to an increased risk aversion and the desire to maintain control over the firm.
Design/methodology/approach
A sample of 470 SMEs from a bank-based environment is examined for the period of 2005-2010. A dynamic panel data model is utilized to assess both the role of several capital structure determinants and the target-adjusting behavior for different subsamples of firms.
Findings
The results show that FF, whether controlled by founders or not, are relatively more leveraged. The aim to maintain long-term control and limited financing options and other factors seem crucial to the observed differences in leverage and dominate risk considerations associated with higher debt. Presumed differences in agency costs across generations do not drive capital structure decisions, as overall leverage does not differ between founder- and descendant-controlled family firms (FCFF and DCFF, respectively). Firms with a founder-chief executive officer (CEO), however, adjust faster to deviations from a target debt ratio. The effects of many proposed capital structure determinants differ across firm types, but are highly consistent with predictions from the pecking order theory.
Practical implications
Based on the results of this study, we suggest policy-makers in bank-based economies like Austria to strongly focus on mechanisms that facilitate the access to bank debt to ensure adequate allocation of finances to SMEs. This is especially important to stimulate growth and further innovation for the dominant group of FF, as they rely on debt the most to maintain family control.
Originality/value
This paper makes a novel contribution to the literature, as it combines an analysis of the capital structure of non-listed family firms (NFF) in a bank-based economy, the respective role of founder management, the dynamic adjustment to a presumed debt target and joint tests of capital structure theories.
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The purpose of this article is to study how the German historical schools are treated in the histories of economic thought as the background for an exploration of some…
Abstract
Purpose
The purpose of this article is to study how the German historical schools are treated in the histories of economic thought as the background for an exploration of some historiographical issues in the history of economic thought.
Design/methodology/approach
The study describes the contributions of the members of the German historical schools from a variety of different viewpoints and attitudes toward the history of economic thought.
Findings
One conclusion is that several of the things most of the economists of the German historical schools desired are now part of mainstream economics. These include an enlarged scope of economics, changes in the role of the state in economic life, attention to the relationships of law and economics and recognition of the importance of history. Another conclusion is that several historiographical and methodological problems important for the history of economic thought need further study.
Originality/value
The study helps to explain and understand some historiographical aspects of the history of economic thought. It examines practices, principles, theories, methodology and forms of presentation of scholarly historical research on one subject in the history of economic thought.
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Describes briefly the personal histories and important professionalassociation of Gustav Schmoller and Friedrich Althoff emphasizing theirinnovatory period 1870‐1882 at Strasburg.
Abstract
Describes briefly the personal histories and important professional association of Gustav Schmoller and Friedrich Althoff emphasizing their innovatory period 1870‐1882 at Strasburg.
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Andreas Langegger, Jürgen Palkoska and Roland Wagner
The World Wide Web has undergone a rapid transition from the originally static hypertext to an ubiquitous hypermedia system. Today, the Web is not only used as a basis for…
Abstract
The World Wide Web has undergone a rapid transition from the originally static hypertext to an ubiquitous hypermedia system. Today, the Web is not only used as a basis for distributed applications (Web applications), moreover it serves as a generic architecture for autonomous applications and services. Many research work has been done regarding the modeling and engineering process of Web applications and various platforms, frameworks and development kits exist for the efficient implementation of such systems. Concerning the modeling process, many of the published concepts try to merge traditional hypermedia modeling with techniques from the software engineering domain. Unfortunately, those concepts which capture all facets of the Web’s architecture become rather bulky and are eventually not applicable for a model‐driven Web application development. Moreover, there is a need for frameworks which address both, the modeling process and the implementation task and allow a model driven, semi‐automatic engineering process using CASE tools. This paper outlines the DaVinci Web Engineering Framework which supports the modeling as well as the semi‐automated implementation of Web applications. The DaVinci Architectural Layer specifies a persistent, hierarchical GUI model and a generic interaction scheme. This allows the elimination of the hypermedia paradigm, which turned out to be rather practical when building Web applications.
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Internationalization is of high relevance and has been discussed intensively. However, different internationalization paths have been proposed by theoretical models and have been…
Abstract
Internationalization is of high relevance and has been discussed intensively. However, different internationalization paths have been proposed by theoretical models and have been observed in reality. In this study, we examine the internationalization path of 52 German firms over a period of ten years using comprehensive and rich data on all new ventures established by these companies within this period. We find four distinct patterns of internationalization and propose a stage model of internationalization based on these findings. Our results show different challenges for managers depending on the stage of internationalization and render interesting starting points for further research.
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A.M. TJOA and R.R. WAGNER
The various aspects of database systems are formalized. An information base is described as a projection of the real world which follows certain semantical constraints. The…
Abstract
The various aspects of database systems are formalized. An information base is described as a projection of the real world which follows certain semantical constraints. The concepts of the external, conceptual and internal model of a database are integrated in this theory. Furthermore, interactions (query, update, add and delete) on databases are defined exactly with the help of this generalized concept.
Fabio Wagner, Mathias Schubert, Holger Preuss and Thomas Könecke
The Premier League (PL) and the Bundesliga (BL) were chosen for this study due to their fundamentally different approaches to ownership regulation and the distribution of media…
Abstract
Purpose
The Premier League (PL) and the Bundesliga (BL) were chosen for this study due to their fundamentally different approaches to ownership regulation and the distribution of media revenues. Regulation in the PL is very liberal if compared to the BL's 50+1-rule. In the BL, the distribution of media revenues is mainly based on past performance, whereas equal distribution is dominant in the PL. The specific aim of this paper was a longitudinal analysis with a focus on the final outcome of the seasons.
Design/methodology/approach
This study looks at competitive intensity (CI) in the men's BL and the English PL because it is a crucial indicator for the long-term success of a sports league and the participants. To calculate the CI of both leagues and of all relevant sub-competitions (championship, Champions League (CL), Europa League (EL), Conference League (CoL) and fight against relegation), a CI index (CII) model was generalised and applied for an examination period spanning from 1998/99 to 2020/21.
Findings
Until 2008/09, seasonal CI in the BL was somewhat higher than in the PL. But afterwards, the BL's championship race's CI dropped considerably, while the PL's CI for qualification for the CL rose profoundly. Results also showed that the introduction of the CoL raised the leagues' CI indices.
Originality/value
Besides a methodological contribution with the generalisation of the applied CI index model, the findings are discussed in the context of the above-mentioned regulatory and distribution mechanisms also taking into account the very current discussion regarding general regulatory changes within European football.
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Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and, conversely…
Abstract
Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and, conversely, innovative thought structures and attitudes have almost always forced economic institutions and modes of behaviour to adjust. We learn from the history of economic doctrines how a particular theory emerged and whether, and in which environment, it could take root. We can see how a school evolves out of a common methodological perception and similar techniques of analysis, and how it has to establish itself. The interaction between unresolved problems on the one hand, and the search for better solutions or explanations on the other, leads to a change in paradigma and to the formation of new lines of reasoning. As long as the real world is subject to progress and change scientific search for explanation must out of necessity continue.
Michaela Quintus, Kathrin Mayr, Katharina Maria Hofer and Yen Ting Chiu
Gaining and maintaining trust in e-commerce is crucial for online purchases. Specifically, understanding trust formation and its consequences in a cross-market online shopping…
Abstract
Purpose
Gaining and maintaining trust in e-commerce is crucial for online purchases. Specifically, understanding trust formation and its consequences in a cross-market online shopping context is important, as cross-market studies are scarce. Therefore, this study examines antecedents and consequences of consumer trust in online shopping (TOS) by comparing advanced and emerging markets.
Design/methodology/approach
To test the formulated hypotheses, data including 397 responses from Austria and 205 from Moldova are analysed. Using partial least squares (PLS) path modelling, implications for theory and practice in cross-market e-commerce are obtained.
Findings
Empirical findings show that company reputation, perceived security and website quality positively influence consumer TOS. TOS corresponds directly positively with purchase intentions (PI). Our research confirms the negative relationship between trust and perceived risk (PR) as well as that between PR and PI. Furthermore, a significant difference between Austria and Moldova regarding the influence of experience and perceived website quality (PWQ) on TOS is observed.
Originality/value
Our study fills research gaps concerning TOS within the context of cross-market e-commerce. It contributes theoretically and practically and reveals the importance of customer trust and risk reduction for online retailers within advanced and emerging markets in order to provoke online PI.