Yoser Gadhoum, Jean‐Pierre Gueyié and Maher Zoubeidi
This paper aims to assess the impact of group affiliation and anticipated expropriation on North American firms' value.
Abstract
Purpose
This paper aims to assess the impact of group affiliation and anticipated expropriation on North American firms' value.
Design/methodology/approach
The net impact of firms' affiliation to groups is generally far from evident. While group affiliation can be perceived as positive news because of the benefits of internal capital markets, the fear of expropriation of minority interests by large shareholders can mitigate such benefits. This commands some empirical investigations, which are done in this paper through statistical analyses.
Findings
The results indicate that group affiliation has a positive and significant impact on North American firms' value and, more specifically, on US firms' value. The negative impact of the anticipated expropriation of minority shareholders mainly comes from divergence in ownership and voting rights between the first and second ultimate owners. Group affiliation, then, is valuable, even in countries with well‐organized capital markets. The results may explain the current wave toward mergers and acquisitions.
Originality/value
The paper provides useful information on the impact of group affiliation and anticipated expropriation on North American firms' value.
Details
Keywords
Muhammad A. Alshyyab, Rania A. Albsoul, Frances B. Kinnear, Rami A. Saadeh, Sireen M. Alkhaldi, Erika Borkoles and Gerard Fitzgerald
Patient safety culture is a vital element to create patient safety in healthcare organisations. Emergency department (ED) professionals operate in unstable conditions that may…
Abstract
Purpose
Patient safety culture is a vital element to create patient safety in healthcare organisations. Emergency department (ED) professionals operate in unstable conditions that may pose risk to patient safety on day-to-day basis. The aim of this study was to assess the status of patient safety culture and to quantify the dimensions of safety culture in the ED setting.
Design/methodology/approach
This was a descriptive cross sectional study that used a validated questionnaire distributed to the staff working in the nominated EDs . Perceptions on various dimensions of safety culture were reported and the frequency of positive responses for each dimension was calculated.
Findings
“Teamwork” is the only dimension that rated positive by over 70% of participants. Other dimensions rated below 50%, except for “Organisational learning–continuous improvement” which rated 51.2%. Areas that rated the lowest were “Handover and transitions”, “Staffing”, “Non-punitive response to error” and “Frequency of event reporting” with average positive response rate of 15.4%, 26%, 26.8% and 27.6%, respectively.
Originality/value
This study displayed a concerning perceptions held by participants about the deficiency of patient safety culture in their EDs. Moreover, it provided a baseline finding giving a clearer vision of the areas of patient safety culture that need improvement.