The case focuses on Martas Precision Slides, a late entrant in the growing furniture fitting market in Taiwan. The company is led by an ambitious and aggressive management team…
Abstract
Purpose
The case focuses on Martas Precision Slides, a late entrant in the growing furniture fitting market in Taiwan. The company is led by an ambitious and aggressive management team which has helped in achieving phenomenal growth to date. The company management however is now at a crossroads with regard to entering new international markets and has to make some important strategic decisions regarding its future. This paper aims to address these issues.
Design/methodology/approach
The case uses case study methodology collecting primary data from Martas Precision Slides' executives.
Findings
The discussion focuses on the major shift required in the company's strategic thinking and how to handle a growing division among the management team regarding the company's direction.
Research limitations/implications
As this study uses only a single company case study, the discussion should be approached with caution.
Practical implications
The case focuses on the dilemma often faced by medium sized firms from Asia in entering European markets and considers different options in following a branding or generic product development strategy. The case illustrates the differences in culture that exist between East and West and how culture influences decision making and management style in Asian firms.
Originality/value
The study is one of the few which focuses on Asian companies, the impact of culture on branding, and market entry into European markets.
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This chapter presents a seven-part case developed for use in a graduate-level tax planning class. The case is organized in a taxpayer/business “life-cycle” approach. Over the…
Abstract
This chapter presents a seven-part case developed for use in a graduate-level tax planning class. The case is organized in a taxpayer/business “life-cycle” approach. Over the semester the case follows a married couple as they consider a number of investments, start a business, and expand the business. As the case progresses, the couple faces increasingly complex tax and business issues. The couple eventually winds down their involvement in the business and begins to plan for their retirement years. This chapter also provides a review of behavioral tax research published in the top accounting journals over the period 2004–2013. The chapter concludes with a discussion of how the case could be adapted by behavioral tax researchers in their research programs and perhaps by accounting firms in their training programs.
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Stephen Hogan and Steve Robinson
Empirical analysis does not yet converge on a unique set of factors which determine CEO compensation within the electric utility industry. There is some evidence, for example…
Abstract
Empirical analysis does not yet converge on a unique set of factors which determine CEO compensation within the electric utility industry. There is some evidence, for example, that compensation and firm size are positively related, and that compensation and accounting profitability are either unrelated or negatively related (Carroll & Ciscel, 1982; Hirschey & Pappas, 1981). On the surface, these findings argue against the need for incentive programs within the utility industry since regulation itself assures adequate firm profitability.
Miguel Martínez Lucio and Steve Walker
The article aims to look at the development of the internet in terms of its implications for the labour movement and its international activities.
Abstract
Purpose
The article aims to look at the development of the internet in terms of its implications for the labour movement and its international activities.
Design/methodology/approach
The paper brings together conclusions and findings based on the previous work of the two individual authors who have studied the role of the internet from a national and international perspective, using a range of methodologies.
Findings
The impact of the internet in terms of facilitating communication and renewal strategies has been highly significant. However, the authors argue that such developments are also mediated by trade union structures and organisational traditions/ideologies at the national level where there is still a considerable degree of variety. It also looks and focuses on some of the challenges of international labour co‐ordination through the use of the internet, noting some of the difficulties faced by trade unionists. The paper therefore brings together insights into the way organisations such as trade unions interact with such developments both at the national and international level.
Originality/value
The article emphasises the need to develop a political and sociological understanding of the internet within industrial relations and in terms of future research.
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Allan H. Church, Christopher T. Rotolo, Alyson Margulies, Matthew J. Del Giudice, Nicole M. Ginther, Rebecca Levine, Jennifer Novakoske and Michael D. Tuller
Organization development is focused on implementing a planned process of positive humanistic change in organizations through the use of social science theory, action research, and…
Abstract
Organization development is focused on implementing a planned process of positive humanistic change in organizations through the use of social science theory, action research, and data-based feedback methods. The role of personality in that change process, however, has historically been ignored or relegated to a limited set of interventions. The purpose of this chapter is to provide a conceptual overview of the linkages between personality and OD, discuss the current state of personality in the field including key trends in talent management, and offer a new multi-level framework for conceptualizing applications of personality for different types of OD efforts. The chapter concludes with implications for research and practice.
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The essence of the modern asset‐market approach to the analysis of exchange rate behavior includes the role of the trade balance account. We examine the relationship between…
Abstract
The essence of the modern asset‐market approach to the analysis of exchange rate behavior includes the role of the trade balance account. We examine the relationship between exchange rate changes and US trade balance announcements. Statistically significant exchange rate adjustments to these announcements are documented using for the first time the comparison period approach to testing the significance of trade balance announcements on exchange rates. The evidence is consistent with the predictions of the modern asset‐market exchange rate model. There is also evidence that the foreign exchange market is more sensitive to increasing rather than decreasing trade balance deficit announcements. To date, a number of theoretical papers have investigated the possible sources of the exchange rate determination process (see, Dornbusch [1976,1980], Dornbusch and Fisher [1980], Frenkel [1976, 1981], Kouri [1976], and Mussa [1982], among others). There is no consensus on how exchange rates are determined and why they have exhibited increased volatility lately. The interpretations vary widely among the various theories, ranging from the flow‐market approach to the modern asset‐market view. The asset‐market approach of exchange rates is based on the principle that the current value of the exchange rate (i.e. the relative price of two national currencies) is influenced not only by current economic conditions but also by expectations of its future value and, therefore, by the information that underlies these expectations. The asset‐market literature on the determination of exchange rates establishes a direct relationship between changes in the exchange rate and the current account (or trade balance account). For example, Mussa [1982] shows that the equilibrium exchange rate depends on expectations about the exogenous factors that affect the current account in present and future periods. A central implication of the asset‐market view is that “innovations” in the current account induce unexpected changes in the exchange rate. This is because an innovation in the current account, defined as a deviation of the current account balance from its previously expected level, conveys information about changes in economic conditions relevant for determining the equilibrium exchange rate (see Mussa [1982]). For example, if a country experiences an unexpectedly strong trade balance performance, this might be perceived to imply changes in relative economic efficiency, product demand, or international competitiveness that will improve the current account in future periods leading to an appreciation of the foreign value of the domestic currency. In essence, the asset‐market view argues that information about changes in real economic conditions requiring exchange rate adjustments can be inferred from innovations in the trade balance and/or the current account. Dornbusch and Fischer [1980] also argue that while asset markets determine exchange rates, it is the current account through its effect on net asset positions, and subsequently on asset markets, which influences the path of the foreign exchange rate. Thus, it can be argued that unanticipated current account announcements should be associated with exchange rate movements immediately following such announcements. While the relationship between the current account and the exchange rate has been extensively analyzed, the empirical evidence pertaining to the association between exchange rates and the current account has produced mixed results. Hardouvelis [1988] examines the effects of macroeconomic news, including US trade balance announcements, on three interest rates and seven exchange rates over the October 1979 to August 1984 period. He reports that announcements of the trade deficit have no statistically significant effects on interest rates, with the exception of the three‐month T‐bill rates and the exchange rates. The evidence with respect to the short‐term interest rate reactions may be associated with the fact that the “Federal Reserve Bank throughout the 1977–1984 period was unable to establish full credibility among market participants about its fight against inflation” (see Hardouvelis [1988]). Deravi et al [1988] have also investigated the financial market's response to US balance of trade announcements. They find similar results to those reported in Hardouvelis [1988] for the February 1980 to February 1985 period, but they report a significant exchange rate response to trade deficit announcements over the March 1985 to July 1987 period. Irwin [1989], however, uncovered a significant breakdown in the relationship between trade balance announcements and dollar exchange rates during the month of June 1984; that is, larger trade deficits were found to be associated with the dollar's depreciations only in the post‐June 1984 period. Contrary to previous studies, Hogan et al [1991] find larger US trade balance deficits to have a significant effect on exchange rates throughout the 1980s. Because expected trade balance figures are available from the Money Market Service Inc. and since the trade balance figures according to Crystal and Wood [1980] represent 85 percent of the US current account, it apears that the trade balance serves as a good proxy for the current account. Therefore, we are able to test more directly the impact of the US trade balance announcements on the exchange rate. The purpose of this paper is to analyze the relationship between exchange rate changes and merchandise balance announcements using a sample of US trade figures spanning the period from August 1986 to April 1989. In the following, we refer to this relationship as the “current account hypothesis”. Unlike previous research, the analysis is based on unanticipated trade balance announcements in order to study the interaction between exchange rates and information contained in the trade balance announced figures as the asset‐market approach to exchange rate determination process predicts. Dornbusch [1980] used the official forecast errors of the Organization for Economic Co‐operation and Development (i.e. biannual six‐month forecasts for current account and exchange rates). In this study, we focus on the major component of the current account‐the trade balance‐to test the current account hypothesis. The trade balance account is by far the best proxy for the current account. Another differentiating aspect of this study from the previous research is that it relies on systematic trade balance announcements. The use of the Commerce Departments' announcements concerning the US merchandise trade balance has also been motivated by the growing financial and non‐financial press coverage of the monthly trade balance reports. Examples of how the financial press covers the monthly trade balance announcements include: 1. “A wider trade deficit jolts a fragile market, shares off 101 points, dollar falls, and interest rates surge as big gap surprises investors, central bankers”, The Wall Street Journal, April 5,1988. 2. “London stocks rise sharply on US trade news; shares close firmer in Tokyo for the second day”, The Wall Street Journal, May 18,1989. 3. “Tricks of the Trade. The huge current‐account imbalances of the 1980s are disappearing fast. Good news? Maybe. But be warned: trade flows are less and less useful as indicators of economic performance” The Economist, March 30, 1991. 4. “Trade deficit grew in April to $6.97 billion… as exports continued to drop and imports jumped. The April deficit was the biggest monthly imbalance since a $9.49 billion deficit in November 1990. The trade gap in March was $5.58 billion. Economists say sluggish economic activity abroad is making it more difficult for US companies to sell their goods.” The Wall Street Journal, June 19, 1992. The different views registered in the financial press about the importance of the current account and trade balance imbalances in influencing exchange rate changes have further motivated the present study. Contrary to the current account hypothesis, it has been argued that because of the increasing integration of world capital markets, it is easier to finance current account deficits and therefore the trade balance or current account figures might be less useful as far as the determination of exchange rates is concerned. In addition, as a result of the increasing foreign investment activity, trade deficits may no longer represent purely national concepts. For example, a significant portion of a country's exports and imports may be accounted for by foreign firms with corporate operations there. Furthermore, US firms may decide to supply an overseas market either by exporting or by locating production abroad. Locally produced sales by US firms overseas, however, do not count as exports, nor do their local purchases of inputs count as imports. But from the firm's point of view, the local sales of a US subsidiary are viewed as being similar to exports. Therefore, it is argued that US trade balance deficits measured on the basis of residency rather than nationality of ownership, which is currently the norm, may mean less than it once did. Consequently, what emerges from the above is that the correlation between exchange rates and the information contained in the trade balance figures may be weaker than predicted by the asset‐market approach. Whether the current account or trade balance figures do matter as far as the determination of exchange rates is concerned is an empirical question. This article presents a first attempt at analyzing the impact of “innovations” in the US trade balance account on the exchange rate. An event study analysis is performed for the first time using trade balance announcement data from August 1986 to April 1989. The event methodology provides an appropriate direct test for the asset‐market model which predicts that unexpected changes in the exchange rate should be related to innovations in the current account (trade balance). The article is arranged as follows. Section II describes the data and methodology used. Section III presents empirical evidence on the relationship between exchange rates and innovations in the trade balance account. The article concludes with Section IV.
Carles Alsinet is Professor of Social Psychology in the Faculty of Pedagogy and Psychology at the University of Lleida, Spain. His primary research interests are on children's…
Abstract
Carles Alsinet is Professor of Social Psychology in the Faculty of Pedagogy and Psychology at the University of Lleida, Spain. His primary research interests are on children's rights and children's well-being.Loretta E. Bass is an Assistant Professor of Sociology at the University of Oklahoma. She focuses her research on children and stratification issues, and completes research in West Africa and the U.S. She recently completed a book, Child Labor in Sub-Saharan Africa, (Lynne Rienner Publishers, 2004) which offers a window on the lives of Africa's child workers drawing on research and demographic data from 43 countries. Dr. Bass’ research has appeared in Population Research and Policy Review, Political Behavior, Anthropology of Work Review, and the International Journal of Sociology and Social Policy.Michael F. C. Bourdillon was born in Africa and has spent most of his life in Zimbabwe. He is a social anthropologist, who has taught for over 25 years in the Department of Sociology, University of Zimbabwe. He has researched and published extensively on African religion. In recent years, his focus has turned to disadvantaged children in Zimbabwe. Apart from his academic work, he has long worked with an organization supporting street children in Harare. He has also cooperated with Save the Children Alliance, facilitating the establishment of a movement of working children in that country.Doris Bühler-Niederberger is Professor in Sociology at the University of Wuppertal, Germany. Several of her recent research projects have concerned childhood as a domain of professional, moral and political interest and images of childhood and children in public and professional debates. Her teaching and research interests are mainly focused on the sociology of private life and on private strategies of production and reproduction of social status and social order.Suellen Butler is currently the College Program Head of Urban Education (URBCC) and soon will be the coordinator of the Elementary Education in Multicultural Settings (ELEDM) program at Penn State Delaware County. Dr. Butler's contribution to this volume explores the activities and practices of the National School and Community Corp (NSCC), an AMERICORP school-based mentoring program in Philadelphia. Dr. Butler examines in what ways these school-based mentoring programs impact the childhood experiences of children and their schools.Steve Carlton-Ford is Associate Professor of Sociology at the University of Cincinnati, and an affiliate with the Department of Sociology's Kunz Center for the Study of Work and Family. His research examines both the impact of war on children's life chances and the effect of chronic childhood illness (particularly epilepsy) on family relationships and children's well being. He currently edits Sociological Focus, the journal of the North Central Sociological Association.Ferran Casas is Senior Professor of Social Psychology in the Faculty of Education and Psychology at the University of Girona, Spain. He is Director of the Research Institute on Quality of Life. He is author of many books and articles on children's rights. His main topics of research are well-being and quality of life, children's rights and intergenerational relationships.Verna Chow has training in neuropsychology and is a researcher at the University of Calgary. Verna Chow's and Dr. Hiller's contribution to this volume stems from a mutual interest in second-generation immigrants and their adaptation to Canadian Society, which officially proclaims itself as multicultural.Laura Daniel received a FAPESP Award as a student at Sao Paulo State University (UNESP) – Marilia, for researching “Toys and Games: Childhood in the Parque das Nações Favela,” which was supervised by Dr. Ethel Volfzon Kosminsky. She is currently a Social Sciences Master's degree student at the same university in Brazil, researching children and gender.Fabio Ferrucci is an Associate Professor of Sociology of Culture and Sociology of Education at the Faculty of Human Sciences of the University of Molise (Italy). His research focuses on the family, social policy and non-profit sector. He is the author of several articles on childhood and family policies in Italy.Cristina Figuer holds a Master's in Psychology and is currently a doctoral student in the Psychology and Quality of Life Program and researcher of the Institute on Quality of Life at the University of Girona, Spain.Kevin M. Fitzpatrick is a Professor of Sociology at the University of Birmingham, Birmingham, Alabama. His primary research focus is on health-compromising behavior among children and adolescents. In addition, he continues his work examining the role of environments and their impact on the mental health and well-being of homeless, youth, and other high-risk populations.Mònica González holds a Master's in Psychology and is currently a doctoral student in the Psychology and Quality of Life Program and researcher of the Institute on Quality of Life at the University of Girona, Spain.Daniela Grignoli is a Researcher at the Department of Economics, Management and Social Sciences of the University of Molise (Italy). She teaches Sociological Methodology and conducts research on children and new technologies.Mireia Gusó holds a Master's in Economics and is currently a researcher of the Institute on Quality of Life at the University of Girona, Spain.Patrick Heuveline is Assistant Professor in the Department of Sociology at the University of Chicago, and Research Associate at the Population Research Center, NORC and the University of Chicago. His research centers on the family as an adaptive institution and its key role in linking macro-level changes and individual behaviors. He is currently studying the consequences of mortality change in Cambodia and in high HIV-prevalence populations in Southern Africa. In addition, he is launching an international study of the effects of the relationship between the family and the State on youth well being across Western countries.Harry H. Hiller is Professor of Sociology at the University of Calgary. His specialization is dealing with macro-level questions about Canadian Society and he is the author of Canadian Society: A Macro Analysis (Prentice-Hall, numerous editions). Dr. Hiller's and Verna Chow's contribution to this volume stems from a mutual interest in second-generation immigrants and their adaptation to Canadian Society, which officially proclaims itself as multicultural.David A. Kinney received his Ph.D. in Sociology from Indiana University-Bloomington and did post-doctoral work at the University of Chicago. He is currently Associate Professor of Sociology at Central Michigan University and an affiliate faculty member at the Center for the Ethnography of Everyday Life at the University of Michigan. In addition to being the current Co-Series Editor of the Sociological Studies of Children and Youth with Katherine Brown Rosier, his publications have appeared in Sociology of Education, Youth and Society, Personal Relationships During Adolescence (Sage), and New Directions for Child and Adolescent Development (Jossey-Bass). He is currently conducting ethnographic research with children and their parents in a study of how families manage work, home life, and children's activity involvement in a fast-paced society.Ethel Volfzon Kosminsky, Professor of Sociology at Sao Paulo State University (UNESP) – Marilia, has been a recipient of research grants from the Brazilian organization CNPq and was a Fulbright grantee in the U.S. in 1995. Chair of the Graduate Program of Social Sciences at UNESP-Marilia from 2000 to 2004, she currently leads the Center of Studies of Children and Adolescents at UNESP-Marilia, and the Network for the Study of Latin American Children and Youth.Madeleine Leonard is a Reader in Sociology at the School of Sociology and Social Policy, Queen's University, Belfast. Her research interests fall within the broad remit of the “new sociology” of childhood and she has conducted research with children on a wide range of topics including their experiences of poverty, their experiences of paid employment and their participation in domestic labor within the household. Her current research concerns Protestant and Catholic children growing up along one of the most contentious peace-lines in Belfast and the research examines children's roles as political actors in Northern Irish society.Antonio Mancini is a Junior Researcher at the Department of Economics, Management and Social Sciences of the University of Molise (Italy). He is the author of several articles on children's rights. He has also co-edited a book about the rights of the children.Hyunjoon Park is a Doctoral Candidate in Sociology at the University of Wisconsin-Madison. His research focuses on the process of transition to adulthood, particularly among young people in East Asia, across several dimensions including educational and occupational attainment. Currently, he is working on a dissertation project that compares the effects of family and school on educational achievement among 15-year olds in 30 countries using the PISA data. Recent publications include “Age and Self-Rated Health in Korea: A Research Note” (Social Forces, forthcoming) and “Racial/Ethnic Differences in Voluntary and Involuntary Job Mobility among Young Men” (with Gary Sandefur, Social Science Research, 2003).Bettina F. Piko, M.D., Ph.D., graduated from medical school in 1991, then started her career in the field of public health. In the meantime, she earned an M.A. degree in sociology and a Ph.D. in health psychology and behavioral sciences. Currently she is an associate professor of behavioral sciences at the University of Szeged Hungary, and her research activities embrace research topics from psychosocial youth development, substance use and problem behavior, up to psychosocial work environment, social support and societal stress.Samantha Punch is a Lecturer in Sociology in the Department of Applied Social Science at Stirling University. She recently completed a British Academy Postdoctoral Fellowship during which time she conducted a study of children's experiences of sibling relationships and birth order in the U.K. Prior to this, she worked with Roger Fuller, Christine Hallett and Cathy Murray on the project “Young People and Welfare: Negotiating Pathways” which explored Scottish children's problems and their coping strategies, as part of the ESRC's Children 5–16 Programme. Her doctoral research included two years of ethnographic fieldwork on rural childhoods in Bolivia where she investigated the ways in which children and young people negotiate their autonomy at home, school, work and play.Marina Rago is a Junior Researcher at the Department of Economics, Management and Social Sciences of the University of Molise (Italy). She is currently involved in research projects on the implementation of children's rights.Katherine Brown Rosier is currently Associate Professor of Sociology at Central Michigan University. She published Mothering Inner-City Children in 2000 with Rutgers University Press and is currently the Co-Series Editor of the Sociological Studies of Children and Youth with David Kinney. Other publications have appeared in The Journal of Contemporary Ethnography, Human Development, The Journal of Comparative Family Studies, and several other journals and edited volumes. While continuing to write on experiences of low-income African-American children and families, she is also conducting research and writing a book with colleague Scott L. Feld on Louisiana's Covenant Marriage.Carles Rostan is Professor of Developmental Psychology in the Faculty of Education and Psychology at the University of Girona, Spain and researcher of the Institute on Quality of Life. His primary research interests are on children's development and children's rights.Marta Sadurní is Professor of Developmental Psychology in the Faculty of Education and Psychology at the University of Girona, Spain. She is researcher of the Institute on Quality of Life. Her primary research interests are on children's development and children's rights.Gary D. Sandefur is Professor of Sociology at the University of Wisconsin-Madison. His publications include Growing Up with a Single Parent (Harvard University Press, 1994) with Sara McLanahan, “What Happens after the High School Years among Young Persons with Disabilities,” Social Forces, 82 (2003), 803–832 with Thomas Wells and Dennis Hogan, and “Off to a Good Start? Postsecondary Education and Early Adult Life,” in Richard Settersten, Frank Furstenberg, and Ruben Rumbaut (Eds), On the Frontier of Adulthood: Theory, Research, and Public Policy, University of Chicago Press, forthcoming with Jennifer Eggerling-Boeck and Hyunjoon Park. He is currently working on quantitative and qualitative analyses of the transition to adulthood in the United States and other countries.Angelo Saporiti is Professor of Sociology at the Faculty of Economics of the University of Molise (Italy). Dr. Saporiti also teaches Social Ethics, and is the author of books and articles on children's rights. Angelo Saporiti is involved in various research international networks on childhood sociology and children's rights.Jeffrey M. Timberlake is Assistant Professor of Sociology and Research Associate at the Kunz Center for the Study of Work and Family at the University of Cincinnati. He primarily studies the causes and consequences of urban inequality, particularly race-ethnic residential segregation. Current projects include analyzing data from the 1970 to 2001 Panel Study of Income Dynamics and the 1970 to 2000 U.S. Censuses to estimate racial inequality in children's neighborhood socioeconomic status. In addition to his work with Patrick Heuveline on comparative family demography, he is also conducting several studies of race-ethnic attitudes in America.Darlene Romania Wright is Assistant Professor of Sociology at Birmingham-Southern College. Her primary research interests pertain to adolescent health-compromising behavior. Her current research is on the effects of social capital on violent behavior among secondary school students.
Allan H. Church, Lorraine M. Dawson, Kira L. Barden, Christina R. Fleck, Christopher T. Rotolo and Michael Tuller
Benchmark surveys regarding talent management assessment practices and interventions of choice for organization development (OD) practitioners have shown 360-degree feedback to be…
Abstract
Benchmark surveys regarding talent management assessment practices and interventions of choice for organization development (OD) practitioners have shown 360-degree feedback to be a popular tool for both development and decision-making in the field today. Although much has been written about implementing 360-degree feedback since its inception in the 1990s, few longitudinal case examples exist where interventions have been applied and their impact measured successfully. This chapter closes the gap by providing research findings and key learnings from five different implementation strategies for enhancing 360-degree feedback in a large multi-national organization. Recommendations and implications for future research are discussed.