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The Global Crisis and the Subsidies to Manufacturing Firms


The 2008-2009 global crisis has severely affected the world economy. Most national governments utilized fiscal policy measures including subsidies to reinforce and sustain their economies. In this study we examine the impact of the 2008-2009 global crisis on subsidies paid to manufacturing firms either by their governments or the European Union (i.e. EU). Our results indicate that, overall, a significantly larger proportion of firms had received subsidies after the global crisis. When we look into different subgroups, we find that firm size, female ownership, female management, and quality certification did not matter (more firms in all of these subgroups had received subsidies). On the other hand, our results demonstrate that firm type and top manager’s experience level made a difference in terms of subsidies received after the crisis.

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Beyond Budgeting – A Fair Alternative for Management Control? - Examining the Relationships between Beyond Budgeting and Organizational Justice Perceptions

Commitment”, Journal of Applied Management Accounting , Vol. 5 No. 1, pp. 39–58. Maslow, A.H. (1948), “Higher and lower needs”, Journal of Psychology , Vol. 26, p. 433. McGregor, D. (1960), The Human Side of Enterprise , Mcgraw-Hill Publ.Comp., New York. Morgeson, F.P. and Humphrey, S.E. (2006), “The Work Design Questionnaire (WDQ): Developing and validating a comprehensive measure for assessing job design and the nature of work”, Journal of Applied Psychology , Vol. 91 No. 6, pp. 1321–1339. Ohlwein, M. (1999), Märkte für gebrauchte Güter, DUV

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The CAC 40 Index’s Reaction to Terrorist Attacks: The Case of Charlie Hebdo

response to earnings announcements and interim reports: an analysis of SBF120 companies. Annales D’économie et de statistique , 60, 151-175. Binder, J. (1998). The event study methodology since 1969. Review of Quantitative Finance and Accounting , 11(2), 111-137. Bowman, R. (2006). Understanding and conducting event studies. Journal of Business Finance and Accounting , 10(4), 561-584. Brown, S., & Warner, J. (1980). Measuring security price performance. Journal of Financial Economics , 8(3), 205-258. Brown, S., & Warner, J. (1985). Using daily

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Factors Influencing Customers’ Attitude Towards SMS Advertisement: Evidence from Mauritius

), “What is coefficient alpha? An examination of theory and applications”, The Journal of Applied Psychology . Vol. 78, Iss. 1, pp 8-104. Retrieved from: doi: 10.1037/0021-9010.78.1.98 Dart, A. (2017) Reporting Multiple Regressions in APA – Part One , Available online at Davis, F. D., Bagozzi, R. P., & Warshaw, P. R. (1989), “User acceptance of computer technology: A comparison of two theoretical models”, Management Science , Vol. 35 Iss. 8, pp.982–1003 Ducoffe, R

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Performance Management Systems – Proposing and Testing a Conceptual Model

Scorecard—Measures That Drive Performance . Harvard Business Review, 79. Kramer, M. R., & Porter, M. (2011). Creating shared value . Harvard business review, 89(1/2), 62-77. Lee, C. D. (2005). Rethinking the goals of your performance - management system . Employment Relations Today, 32(3), 53-60. Lohman, C., Fortuin, L., & Wouters, M. (2004). Designing a performance measurement system: A case study . European Journal of Operational Research, 156(2), 267-286. Magretta, J., & Stone, N. (2002). What management is . Simon and Schuster

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The Valences of “Value” for the Strategic Management Process

, M., Patscheke, S., & Hawkins, E. (2011). Measuring shared value. How to Unlock Value by Linking Social and Business Results , FSG. Rothaermel, F.T. (2015). Strategic Management . New York: McGraw Hill Education. Scott, M. C. (1998). Value Drivers: The Manager's Guide for Driving Corporate Value Creation . Wiley. Sempels, C., & Hoffmann, J. (2013). Sustainable innovation strategy: creating value in a world of finite resources . Palgrave Macmillan. Spender, J. C. (1996). Making

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Indicators as an Instrument of Measurement in Management Accounting in Logistics Enterprises in Poland

References Andersson, P., Hakan, A. and Nils, C.S. (1989). Measuring Logistics Performance. Engineering Costs and Production Economics, 17, Blum, H.S. (2006). Logistik-Controlling: Kontext, Ausgestaltung und Erfolgswirkungen. Wiesbaden: DUV. Brunner, J. (1999). Value Base Performance Management. New York, Czenskowsky, T. and Piontek, J. (2007). Marktorientiertes Controlling der Logistik und der Supply Chain

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Social value added (SVA) as an adaptation of economic value added (EVA) to the specificity of cultural institutions

References Alwasiak, St., Lewandowska-Kalina, M., Kalina, L., Kowalewski, O., Możdżeń, M. and Rybiński, K. (2014). Interes publiczny a interesy grupowe w polskim ustawodawstwie. Ekonomista , 3 : 349–365. Appleby, B. (1997). The new lingo of value added. Hospitals & Health Networks : 50–52. Ames, P.J. (1990). Breaking new grounds. Measuring museums’ merits. Museum Management and Curatorship , 9 : 137–147. Analiza kosztów i korzyści projektów inwestycyjnych: Przewodnik (2003). European Commission, Directorate-General – Regional Policy

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Strategies for developing knowledge economy in Romania

References Bejinaru, R. (2017). Universities in the knowledge economy. Management Dynamics in the Knowledge Economy, Vol. 5, No. 2, pp. 251-271. Bolisani, E., and Bratianu, C. (2017). Knowledge strategy planning: an integrated approach to manage uncertainty, turbulence, and dynamics. Journal of Knowledge Management , Vol. 21, No. 2, pp. 233-253. Bratianu, C. (2011). A new perspective of the intellectual capital dynamics in organizations. In Vallejo-Alonso, B., Rodriguez-Castellanos, A. and Arregui-Ayastuy, G. (Eds.). Identifying, measuring

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The Impact of Organisational Learning on Organisational Performance

.1177/0092070399274002 Beer, M., Voelpel, S.C., Leibold, M. and Tekie, E.B. (2005). Strategic management as organizational learning: Developing fit and alignment through a disciplined process. LRP, 38: 445-465, Bhatnagar, J. (2006). Measuring organizational learning capability in Indian managers and establishing firm performance linkage. An empirical analysis. The Learning Organization, 13(5): 416-433, Calantone, R.J., Cavusgil, S.T. and Zhao, Y. (2002). Learning

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