{"title":"Sustainability and Measuring its Effect on Firm Value","authors":"R. Gregory","doi":"10.2139/ssrn.1920355","DOIUrl":"https://doi.org/10.2139/ssrn.1920355","url":null,"abstract":"The current interest in sustainable resources by business begs the questions: does sustainability affect the value of the firm, and if so, would it's effect be detectable on the firm value? I propose a model where a possibly polluting input is part of the firm's production function. I find that in a neo-classical model where the firm is a price taker in both the input and output markets, that use of the polluting resource does affect firm value, but whether it would be detectable is dependent upon if the polluting input is taxed.","PeriodicalId":223617,"journal":{"name":"Strategy Models for Firm Performance Enhancement eJournal","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125017623","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How Flawed is the Balanced Scorecard Construct?","authors":"Sanjay Kumar","doi":"10.2139/ssrn.1996657","DOIUrl":"https://doi.org/10.2139/ssrn.1996657","url":null,"abstract":"The balanced scorecard has been used now for over two decades. It's conceptual basis have been clarified only recently by Robert Kaplan, one of its creators,in his paper: Conceptual Foundations of the Balanced Scorecard (ssrn abstract 1562586). This has helped to fill a void felt by many followers of BSC and will hopefully provide the basis by which this construct can be developed into a proper theory for describing how to effectively handle the issue of implementation of strategy. One of the issues brought up by Kaplan is a critical observation on BSC by Michael Jensen in a paper in 2001:Value maximisation, stakeholder theory and the corporate objective function ( Journal of Applied Corporate Finance, (Fall), 8-21). While Kaplan has dealt with this criticism in a rather brief manner, this paper takes a deeper look at Jensen's comments. The hypothesis underlying his criticism is identified, the assumptions underlying his observations to support this hypothesis is uncovered and both are dealt with from the framework of the basic assumptions underlying the BSC construct and the practical reality of the working executive. It is shown that the criticisms of the BSC by Jensen do not stand up to the scrutiny from the basic tenets of BSC or the practical world. The BSC construct may have some issues but these are not the ones identified by Jensen.","PeriodicalId":223617,"journal":{"name":"Strategy Models for Firm Performance Enhancement eJournal","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122197249","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"'Good' Jobs and the 'Bad' Jobs?: A Study of Job Satisfaction in an IT Unit","authors":"M. Kamat, Manoj S. Kamat","doi":"10.2139/ssrn.1987919","DOIUrl":"https://doi.org/10.2139/ssrn.1987919","url":null,"abstract":"Job satisfaction has been defined as a pleasurable emotional state resulting from the appraisal of one’s job; an affective reaction to one’s job; and an attitude towards one’s job distinguishing a good (satisfying) job from a bad (not so satisfying) job. The taxonomy of a good job allows a start to be made on such questions as ‘In what respects are employees at the lower order jobs better or worse off than those of executives?’, ‘Who has the good jobs?’ and ‘How are good jobs being different from bad jobs?’. These questions are in tune with the measures of job satisfaction quality that probably seem to be useful predictors of future labor market behavior, and are measured herein with reference to a public sector IT organization. Based on the analysis of 93 responses obtained from employees and executives, we find evidence that the job satisfaction among the employees and the executives is very high but no evidence that both such classes of human resources attach same rewards from work based on the levels at which they serve. We also find no support for our proposition that job satisfaction rises in a close linear association with level of job in the organization hierarchy rather; jobs enabling financial expectations at whatever level these were set to be met, are considered to be more important.","PeriodicalId":223617,"journal":{"name":"Strategy Models for Firm Performance Enhancement eJournal","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129833315","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency and Productivity Methods","authors":"J. Cummins, Mary A. Weiss","doi":"10.2139/ssrn.1997468","DOIUrl":"https://doi.org/10.2139/ssrn.1997468","url":null,"abstract":"This chapter reviews the modern frontier efficiency and productivity methodologies that have been developed to analyze firm performance, emphasizing applications to the insurance industry. The focus is on the two most prominent methodologies—stochastic frontier analysis using econometrics and non-parametric frontier analysis using mathematical programming. The chapter considers the underlying theory of the methodologies as well as estimation techniques and the definition of inputs, outputs, and prices. Seventy-four insurance efficiency studies are identified from 1983 to 2011, and 37 chapters published in upper tier journals from 2000 to 2011 are reviewed in detail. Of the 74 total studies, 59.5% utilize data envelopment analysis as the primary methodology. There is growing consensus among researches on the definitions of inputs, outputs, and prices.","PeriodicalId":223617,"journal":{"name":"Strategy Models for Firm Performance Enhancement eJournal","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125937212","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Strategic Involvement of Training Professionals in the Firm’s Business Strategies: Evidence from the U.S.","authors":"V. Sum, Jack Chorlian","doi":"10.2139/ssrn.1953882","DOIUrl":"https://doi.org/10.2139/ssrn.1953882","url":null,"abstract":"The problem of this study is to investigate the extent to which training professionals employed in USbased global and local companies are strategically integrated in their companies’ business strategies. The t-test analysis of data obtained from an online survey of training professionals shows that there is not a statistically significant difference in the involvement of training professionals, who are employed in USbased global and local companies, in their firms’ differentiation, cost leadership, focus, market penetration, and market development strategies. However, the same analysis shows a statistically significant difference in the involvement of training professionals in their respective firms’ product/service development, and diversification strategies.","PeriodicalId":223617,"journal":{"name":"Strategy Models for Firm Performance Enhancement eJournal","volume":"114 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124174929","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Oil Scenarios for Long-Term Planning: Royal Dutch Shell and Generative Explanation, 1960-2010","authors":"M. Jefferson, V. Voudouris","doi":"10.2139/ssrn.1949943","DOIUrl":"https://doi.org/10.2139/ssrn.1949943","url":null,"abstract":"Most executives know that overarching paints of plausible futures will profoundly affect the competitiveness and survival of their organisation. Initially from the perspective of Shell, this article discuses oil scenarios and their relevance for upstream investments. Scenarios are then incorporated into generative explanation and its principal instrument, namely agent-based computational laboratories, as the new standard of explanation of the past and the present and the new way to structure the uncertainties of the future. The key concept is that the future should not be regarded as ‘complicated’ but as ‘complex’, in that there are uncertainties about the driving forces that generate unanticipated futures, which cannot be explored analytically.","PeriodicalId":223617,"journal":{"name":"Strategy Models for Firm Performance Enhancement eJournal","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128266652","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Scale, Scope, Ownership Changes, and Performance","authors":"R. Kosová, Francine Lafontaine, Bo Zhao","doi":"10.2139/ssrn.1931021","DOIUrl":"https://doi.org/10.2139/ssrn.1931021","url":null,"abstract":"Estimating how scale and scope affect the performance of multi-product firms has been a challenge. We argue that because franchised chains are fundamentally single-product entities, we can use data on franchised chains and their parents to clearly distinguish scale and scope, and assess their effects, and those of ownership changes, on chain performance. Controlling for chain fixed effects and other factors; we find positive scale effects within chains. For parent company scope (the number of other chains of the parent) we find a negative rather than positive effect. We also find a reduction in the chain’s number of outlets, but no change in sales per outlet, after a chain is acquired by a new parent. Overall, our results suggest that acquisitions are disruptive, as multi-chain parents try to reduce competition among their chains/products.","PeriodicalId":223617,"journal":{"name":"Strategy Models for Firm Performance Enhancement eJournal","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125701948","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Inferring Superior Capabilities from Sustained Superior Performance: A Bayesian Analysis","authors":"Jerker Denrell, Christina Fang, Zhanyun Zhao","doi":"10.1002/SMJ.2001","DOIUrl":"https://doi.org/10.1002/SMJ.2001","url":null,"abstract":"To what extent can one infer that superior capabilities are driving sustained superior performance? Modeling performance as some combination of differences in capabilities and processes of cumulative advantage, we argue that a Bayesian framework in which decision makers take into account the differences in cumulative advantage provides for a correct inference. We show, using both simulated and real performance data, that the Bayesian method gives rise to estimates relevant for the inference problem. The estimates also illustrate why a firm with superior performance during a longer period can be less likely to possess superior capabilities than a firm with superior performance during a shorter period. Our work has implications for the origins of competitive advantages and for organization learning in strategy research.","PeriodicalId":223617,"journal":{"name":"Strategy Models for Firm Performance Enhancement eJournal","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124788929","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"'Life/ Work Balance, the Nature’s Way'","authors":"K. C. P. Low, Sik-Liong Ang","doi":"10.2139/ssrn.1904631","DOIUrl":"https://doi.org/10.2139/ssrn.1904631","url":null,"abstract":"Here in this human resource management paper, the authors examine and interpret the concept of Taoism that the Chinese believe and practice for many centuries, and the paper is oriented towards attaining life/work balance in the light of modern day living. The authors also explain the ancient Chinese studied and followed the nature way which is the foundation of Taoism, and subscribing to living simply as in the nature’s way, makes for a more wholesome and balanced living. Here, the Taoist’s wisdom of ‘being empty’ is also expressed and explained. Using various examples and analogies, the authors indicate, draw parallels as well as examine and highlight the key lessons drawn from nature.","PeriodicalId":223617,"journal":{"name":"Strategy Models for Firm Performance Enhancement eJournal","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131857109","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The 'Logic of Gift' in Business","authors":"Antonio Argandoña","doi":"10.2139/ssrn.1947282","DOIUrl":"https://doi.org/10.2139/ssrn.1947282","url":null,"abstract":"Traditionally, the Social Doctrine of the Church was founded on principles and virtues. Then, the Encyclical Letter Caritas in veritate introduced the \"logic of gift\" and the \"principle of gratuitousness\" as essential ingredients of economic life. In contrast, the traditional theory of the firm, based on contracts, has no place for love; and likewise, the economics of altruism and gift is inspired in self-interest, a paradigm that is alien to behavior ruled by love. This paper discusses the relationship between Benedict XVI's ideas on love and gift and the \"logic of virtues\", which has already been incorporated into the theory of the firm. Following an analysis of the concepts of love, gift and gratuitousness and of the role of virtues in management, a parallel is developed between acting in a virtuous way and \"donating goods\", material or otherwise, including developing virtues and \"giving love\". This argument is developed in three areas: the market (exchange of equivalents), the State (duty), and civil society (fraternity). The Encyclical underlines that the \"logic of gift\" should be present in all three, not only in the third sector.","PeriodicalId":223617,"journal":{"name":"Strategy Models for Firm Performance Enhancement eJournal","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123329318","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}