Search results

Awareness of the need for board and director performance evaluation is growing, but implementation has been both partial and slow. It is unusual for boards to undertake evaluations of their own performance, and more so to evaluate individual directors. Directors often feel that individual director evaluation has several drawbacks including undermining collegiality in the boardroom. There is thus a perceived attractiveness of director self‐assessments rather than peer review or outsider assessments. Self‐assessment, even though subject to a higher degree of biases than a combination of self‐assessment and peer assessment, is less likely to give rise to defensive routines and can provide a psychologically safe environment for a director to evaluate their own knowledge. Bearing in mind the above, we developed a 20‐question self‐assessment tool, which aims to assist directors in evaluating their understanding of important governance concepts and principles, as well as their legal duties as directors.

Concentrated ownership implies greater alignment between ownership and control, mitigating the agency problem. However, it may also engender governance challenges such as funds appropriation through related party transactions and the oppression of minority shareholders, especially in the context of weak legal systems. We draw from legal theory (the tradeoff controlling shareholder model and private benefits of control) and from organization theory (socioemotional wealth), to suggest that concentrated ownership can be beneficial in both robust and weak legal systems for different reasons. We advance theory on the effects of controlling shareholders and suggest that the longer-term outlook associated with engaged concentrated ownership can aid the shift of the corporation toward Berle and Means' (1932, p. 355) “third possibility” of corporations serving the interests of not just the stockholders or management but also of society.

Examines the impact of public policies on the entry of women into the workforce in Singapore, using force‐field analysis to study the counteracting forces created by the mixed policies which can either drive or restrain women from entering the job market. Suggests that although there has been an increase in Singapore’s female workforce participation rate in the last few decades, more measures could be devised to encourage more women to participate in the workforce.

For more than a century, the corporation has shaped our thinking of organizations. This deeply institutionalized form is still regarded as both the iconic business organization and the core structural unit of our economic order. Today, however, it stands at a crossroads. Economic, social, and environmental failures of the recent past as well as misconduct and scandals are widely linked to inadequacies in this corporate form and its governance. The aim of this volume is to spark a debate within the field. In this introduction, we provide an outline of the current crisis and an overview of the interdisciplinary set of articles presented in this volume. We conclude with a view ahead and a plea for the acknowledgement of “alternatives.”

Race and ethnicity continue to divide us. Accurate data on those divisions, their effects, and their causes are vital to understanding them and, where it is possible and desired, healing them. The articles by Clyde Tucker and Brian Kojetin and by Ruth McKay and Manuel de la Puente describe the joint BLS‐Census efforts to develop questions on these issues for the Current Population Survey that will increase the accuracy of the counts and reduce negative emotional responses to the survey itself.

Rapid prototyping can potentially accelerate the entire process of new product development (NPD), enabling a high level of customer involvement and hence new product success (NPS). This study aims to examine the relationship between prototyping and NPS, and the moderating effect of customer involvement, as well as the influence of speed of information dissemination on customer involvement.

Data were collected using the survey method through structured questionnaires. The key participants were management and team leaders from technology-based companies.

The results indicate that prototyping positively correlates with NPS, particularly when customer involvement is high. The speed of information dissemination, both from customers and on competitive products, has a positive impact on customer involvement.

The study was limited by the undefined development stage of the prototype when offered for customer feedback. Future studies could focus on how customer involvement at each stage of prototype development affects NPS through a moderating effect.

The study confirms that investing in prototyping equipment for NPD increases the probability of NPS. Information capturing customers’ views and on competitive products in the market should be shared among the NPD teams. This could encourage better sharing of opinions and perceptions with customers about whether new products meet their wishes and expectations.

This study demonstrates that customer involvement moderates the relationship between prototyping and NPS. The degree of customer involvement depended on the speed of response of the customers themselves and on how well competitive product information was disseminated within the NPD team.

This study investigates the economic outcomes of organic farming controlling for the four major aspects of a cropping system, including climate, genotypes, management and soil. Considering possible variations in treatment responses, this study also presents empirical evidence of heterogeneous treatment effects associated with spatial agglomeration or farm covariates.

Rice farm households data taken from the 2015 Agriculture Census is merged with township-level seasonal weather data, crop suitability index and average income per capita in Taiwan. To address the selection bias problem, the authors apply the Probit-2SLS instrumental variable (IV) method in the binary treatment model under homogeneous and heterogeneous assumptions.

It is found that organic farming leads to a significantly positive effect on rice farms' economic performances in terms of cost reduction and profit growth. This positive treatment effect is more sizable with spatial agglomeration. Furthermore, the treatment effect of organic farming is found to vary with the farm characteristics such as farmland area and the number of hired workers.

Two important implications for the promotion of sustainable agri-food production are inferred: (1) establishing organic agriculture specialized zones may benefit rural development; (2) providing economic incentives to small farms to expand their scale may be a more effective policy means to promote sustainable agri-food production.

The findings in this study complement the body of knowledge by drawing insights from the agriculture census data and providing profound evidence of the heterogeneous outcomes of organic farming due to spatial clustering and farm covariates.

This article reviews and discusses issues in the translation of international brand names to Chinese, and provides a framework for international brand managers who want to expand into China. Linguistic differences between Chinese and English are wide and deep, making translation of brand names difficult. Cultural context, pronunciation, written vs. oral language, and the meaning of characters are just a few examples of such difficulties. We discuss four global product‐naming strategic alternatives available to country/brand managers, along with their usage. The four approaches include (1) dual extension, (2) brand meaning extension, (3) brand feeling extension, and (4) dual adaptation. We also provide examples of brands utilizing the different approaches.

There is a widespread perception that, in terms of web‐technology, XML is going to be the ‘next big thing’. Given the amount of comment that it has generated, it seems to be on its way to achieving that status. But how much of the praise should be taken at face value, and how much of the hype is credible? In the following article we examine some of the claims made about the importance of XML and consider how far the enthusiasm about it can be justified. Will XML cause a revolution that will change the way that everyone uses the Internet, whether as searchers or data creators? Or is it a tool for certain types of e‐commerce and large‐scale markup, which may not have a significant impact on the majority of web users?