This paper aims to examine the synchronous and lagged relationships between CEOs' pay and the performance of a group of public companies that had won a very prestigious award: the…
Abstract
Purpose
This paper aims to examine the synchronous and lagged relationships between CEOs' pay and the performance of a group of public companies that had won a very prestigious award: the Malcolm Baldrige National Quality Award (MBNQA).
Design/methodology/approach
This study uses three rates of return to represent firm performance: return on assets, return on equity and holding period return. Regression analysis is used to determine the direction of causality between CEO pay and firm performance and the existence of lagged relationship between them.
Findings
The findings indicate the existence of synchronous and lagged relationships between CEO pay and firm performance. However, the direction of causality is mainly from pay to performance, and not vice versa.
Research limitations/implications
The results presented in this paper are limited by the small sample size of MBNQA winning companies. Although the award began in 1988, only a few companies won the award each year and many of them were not public companies. In addition, five companies won the award twice and one company won the award three times, which further reduces the sample size.
Originality/value
This paper finds the existence of synchronous and lagged relationships between CEO pay and firm performance for a group of quality companies.
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Kie Ann Wong and Lawrence S. Tai
Market timing offers an attractive alternative to buying‐and‐holding assets if the investors can predict market movements accurately. The objective of this paper is to test the…
Abstract
Market timing offers an attractive alternative to buying‐and‐holding assets if the investors can predict market movements accurately. The objective of this paper is to test the profitability of market timing between two national equity markets and to determine the required level of predictive accuracy for such a venture to pay off. Hong Kong and Singapore stock markets are chosen due to the likeliness for investors to switch investments between these two markets. Three different frequencies of portfolio revision together with three levels of transaction costs are employed in the test. The results reveal that portfolios, that are revised every quarter, display the most likelihood of achieving profits greater than that of a buy‐and‐hold strategy. However, the required level of predictive accuracy may still be beyond the reach of most of the investors.
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Randi L. Sims, Tais S. Barreto, Katelynn M. Sell, Eleanor T. Lawrence and Paul Seymour
The purpose of this study is to investigate the role of trust, informational support and integrative behaviors in the effective outcomes of peer conflict in the workplace.
Abstract
Purpose
The purpose of this study is to investigate the role of trust, informational support and integrative behaviors in the effective outcomes of peer conflict in the workplace.
Design/methodology/approach
Deidentified secondary data were provided by a human resource management company that offers conflict resolution training. The authors studied a sample of 815 supervisors and middle-level managers (51% female; average age = 40) who reported their primary work experience was in the USA. Each respondent described a workplace conflict with a peer. A regression-based bootstrapping technique was used to test the hypothesized relationships between the constructs of trust, informational support, integrative behaviors and effective outcomes in peer conflict.
Findings
The relationship between trust and the use of integrative behaviors during peer conflict is conditional on the availability of informational support, such that those who solicit a third party’s views are more likely to exhibit integrative behaviors during the conflict under study, even at relatively lower levels of trust in the conflict relationship.
Originality/value
In this study, the authors add to social interdependence theory and the role of integrative behaviors by proposing the importance of interpersonal trust and informational support, which may reduce uncertainty during peer conflict. The authors also extend existing literature on cooperation, cooperative approaches to managing conflict and integrative behaviors in the workplace by examining peer-to-peer organizational conflict.
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This paper seeks to argue that racially discriminatory zoning in Colonial Hong Kong could have been a form of protectionism driven by economic considerations.
Abstract
Purpose
This paper seeks to argue that racially discriminatory zoning in Colonial Hong Kong could have been a form of protectionism driven by economic considerations.
Design/methodology/approach
This paper was based on a review of the relevant ordinances, literature, and public information, notably data obtained from the Land Registry and telephone directories.
Findings
This paper reveals that many writings on racial matters in Hong Kong were not a correct interpretation or presentation of facts. It shows that after the repeal of the discriminatory laws in 1946, an increasing number of people, both Chinese and European, were living in the Peak district. Besides, Chinese were found to be acquiring land even under the discriminatory law for Barker Road during the mid‐1920s and became, after 1946, the majority landlords by the mid‐1970s. This testifies to the argument that the Chinese could compete economically with Europeans for prime residential premises in Hong Kong.
Research limitations/implications
This paper lends further support to the Lawrence‐Marco proposition raised in Environment and Planning B: Planning and Design by Lai and Yu, which regards segregation zoning as a means to reduce the effective demand of an economically resourceful social group.
Practical implications
This paper shows how title documents for land and telephone directories can be used to measure the degree of racial segregation.
Originality/value
This paper is the first attempt to systematically re‐interpret English literature on racially discriminatory zoning in Hong Kong's Peak area using reliable public information from Crown Leases and telephone directories.
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Barrie O. Pettman and Richard Dobbins
This issue is a selected bibliography covering the subject of leadership.
Abstract
This issue is a selected bibliography covering the subject of leadership.
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Lawrence W.C. Lai, Stephen N.G. Davies, Y.K. Tan and P. Yung
This paper aims to provide an initial determination of the date of construction, locations and a typology of design of the pill‐boxes of the Gin Drinker's Line constructed by the…
Abstract
Purpose
This paper aims to provide an initial determination of the date of construction, locations and a typology of design of the pill‐boxes of the Gin Drinker's Line constructed by the colonial Hong Kong Government.
Design/methodology/approach
Post‐war aerial photos taken by the Royal Air Force and R.C. Huntings were examined and site visits made to locate and measure the pill‐boxes. Relevant archive materials were consulted to help interpret findings.
Findings
A total of 76 pill‐boxes, most in ruins due to post‐war destruction for obtaining their steel bars, were mapped on a 1:25,000 scale to give a good idea of the nature of the Gin Drinker's Line. The study finds that, of these, 50 have survived. The pill‐boxes predated those built in the UK to anticipate of German landing.
Research limitations/implications
The paper demonstrates how aerial photos can be used for historical research and conservation planning. Though the locations of the pill‐boxes identified are subject to detailed site surveying, the basic pattern of pill‐box distribution has been identified.
Originality/value
This is the first attempt to map the Gin Drinker's Line and classify its pill‐boxes. The findings are useful references for the actual conservation of colonial heritage in Hong Kong as part of China, as well as for further inquiry into the military history of the Second World War.
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Helen Yin-Kwan Lee, Lawrence Ka-ki Ho and Fredie Pak-Cheung Hung
This study aims to explore the community strengths/ weaknesses and the opportunities/ threats of the Nepalese communities in Hong Kong that have faced during the COVID-19…
Abstract
Purpose
This study aims to explore the community strengths/ weaknesses and the opportunities/ threats of the Nepalese communities in Hong Kong that have faced during the COVID-19 pandemic. The infection of COVID-19 among the ethnic minorities (EM) population in western democracies was reported higher, and it was wondered whether it was due to structural discrimination of the underprivileged.
Design/methodology/approach
This study is situated in Hong Kong during the peak of pandemic in 2020–2021. The authors followed the work of an EM service agency and interacted with their Nepalese clients to explore their reactions in coping with the sudden physical and economic adversities and examined their capacity amid the pandemic.
Findings
The authors noticed their effective self-mobilization that was strategically facilitated by veteran social workers and thus have strong resilience compared to other EM clusters in the territories.
Originality/value
The ways of their interactions offer useful insights for the authors to examine the prevailing strategy for achieving the mission of social inclusion in Hong Kong with 8% of the EM population.
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Using vignettes as its main approach, this chapter highlights some of the tensions, opportunities and decidedly difficult choices faced by many people labouring under conditions…
Abstract
Using vignettes as its main approach, this chapter highlights some of the tensions, opportunities and decidedly difficult choices faced by many people labouring under conditions of gendered and globalised capitalism. The intersecting domains of race, class, gender, sexual orientation and other relations of difference emerge through encounters between and among different people, ideas and practices – often with strikingly different outcomes for those engaged in work, both paid and unpaid. The chapter attempts to exemplify these experiences and trends, ways of being and belonging in the social world, beyond the disembodied academic writing that often populates the pages of organisation studies. With the turn towards embodiment, the chapter questions what new ways of writing and seeing the world might emerge at the intersections of transnational belonging, embodiment and gender? And can writing differently uncover these issues while still being derived from the important and interesting theoretical insights of transnational migration studies and transnational feminist frameworks? Perhaps it begins with putting doubt into the neo-liberal success story, one that can potentially disrupt the narrative so-oft found in business schools around what success looks like in the business world. Yet do so without the traditional switching out of characters that is traditionally the approach taken in gender and race ‘aware’ research: whereby the White women is replaced with a Black (or Asian or Latina) women in the corporate C-suite while the structural arrangements of gendered and racialised capitalism, hardly acknowledged, stay intact. Working at the intersections of feminist inquiry and transnational migration studies, this chapter attempts to do just that.
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The Republic of China (ROC or Taiwan) has emerged as one of the world's most aggressive countries in the fight against international and domestic money laundering. Money…
Abstract
The Republic of China (ROC or Taiwan) has emerged as one of the world's most aggressive countries in the fight against international and domestic money laundering. Money laundering is an enormous and multifaceted global problem which fertilises organised crime, benefits drug traffickers and damages financial systems. The nature of money laundering is a synthesis of criminal activities that completes the illegal activity and produces the illicit profits. Money laundering, which plays a fundamental role in facilitating the ambitions of various illegal activities, is averse to social and economic ideas. Successful money laundering will furnish the fuel for criminal activities by operating and expanding the illegal operations of drug traffickers, terrorists, arms dealers and other criminals.