bluuebunny/crossref_metadata_2025_split huggingface dataset:
The strategic development of high potential leaders
Authors: Fulmer Robert M. , Stumpf Stephen A. , Bleak Jared 
Published: May 2009

PurposeIn the current stressful recessionary period, the need for highly effective managers who can skillfully direct bet‐the‐company strategic initiatives such as disruptive innovation, restructuring, strategic renewal and mergers greatly increases. It more important than ever to study the succession planning and leadership training of best‐practice firms to learn better ways to develop high potential leaders. This paper aims to investigate this issue.Design/methodology/approachThe paper offers a summary of some of these best practices and provides case examples of successful applications.FindingsThe paper finds that employees with high leadership potential need to be systematically identified and tracked by line managers as part of an overall strategic succession planning process. Success in developing the next generation of leaders requires creating a talent management system in which selection, development, performance management, succession and career management are aligned, reviewed and supported by senior management.Practical implicationsSome of the more cost‐ and resource‐efficient practices for implementing a successful early‐stage high‐potential program include: a special learning and development track for the high potentials; rotation of managers across disciplines‐divisions‐geographies; technology‐based learning; action learning; and coaching/mentoring (internal and external) programs.Originality/valueTo ensure that the talent pool supports the company's overall strategy, the abilities of the high potential individuals should be shaped to correspond with the emerging leadership needs of the next decade. The “best firms for leaders” are typically twice as likely to use a variety of developmental techniques for their “best and brightest.”
Leveraging women's networks for strategic value
Authors: Donnellon Anne , Langowitz Nan 
Published: May 2009

PurposeCorporate women's networks have existed for more than 25 years, with varying results. Understanding how networks can be more effectively focused is important to talent management and professional development, particularly as women comprise an increasingly significant portion of the leadership pipeline. This study aims to provide new ways to assess and enhance the strategic value of women's networks in terms of both talent and business development.Design/methodology/approachThe authors bring more than 40 years combined experience to their survey of women's networks in 32 multinational corporations. A structured interview protocol was followed to gain an in‐depth understanding of current women's network practice.FindingsThis paper describes the range of current practice in the implementation of women's networks and suggests new tools for understanding how a women's network is currently positioned and might be focused for greater strategic impact, both for network participants and for the firm.Practical implicationsThree tools are provided for assessing and potentially repositioning the focus and strategic objectives of women's networks in corporations. This paper should spur valuable discussion among network leaders as well as executive sponsors, diversity officers and CEOs about how to maximize network value; the tools are potentially transferable to other internal networks or affinity groups.Originality/valueMany firms use well‐known turnkey tools to establish their women's network. This paper provides new tools targeted particularly to those networks and companies that are beyond the start‐up phase.
The factors influencing accounting school students' career intention to become a Certified Public Accountant in Japan
Authors: Sugahara Satoshi , Hiramatsu Kazuo , Boland Greg 
Published: May 2009

PurposeThe purpose of this paper is to investigate the factors influencing career intentions toward becoming a Certified Public Accountant (CPA) by students who are studying at the accounting schools in Japan. This paper focused on students' work experience, prior major/s at their undergraduate level, gender, attitude toward the opportunity cost of becoming a CPA and their perceptions of the CPA profession.Design/methodology/approachThe sample comprised students studying at 13 accounting schools in Japan. A questionnaire was given to these students in order to empirically examine the relationship between these influential factors and their career intention, with particular reference to those who intended to pursue a CPA career. Those studying in these accounting schools generally consist of two type of students; those who want to become a CPA and those who merely want to brush up on their accounting skills and do not wish to sit the CPA entrance exams. A total of 349 effective responses were analysed.FindingsFindings indicate that students who have work experience and major in disciplines other than accounting or business are more reluctant to become a CPA. This is in direct contrast to one of the objectives for the CPA reform scheme in Japan, which is to extend the diversity of CPA candidature.Originality/valueThis paper is the first study undertaken in Japan to successfully provide a new dimension on the factors that influence career intention of students aspiring to become a CPA.
Intangible assets and future growth: evidence from Japan
Authors: Al‐Twaijry Abdulrahman 
Published: May 2009

PurposeThe corporate governance should look at the investment on intangible assets (ITAs) from two angles: its influence on future growth and the influence of other factors on ITA. Therefore, the purpose of this paper is first, to empirically investigate the relationship between investment on ITAs and future growth in the manufacturing sector earnings and second, to examine the effect of various variables on the level of investments on ITA in this sector.Design/methodology/approachBased on data of 384 Japanese listed manufacturing companies founded before 2001, four regression models were developed and estimated using ordinary least squares. In part, this study extends the work of Singh and Faircloth, which examined the relationship between research and development (R&D) expenditure and corporate leverage, by taking into account the other ITAs and other factors. The dependent variable used in the first model was the corporate growth and explanatory variables are changes in the ITAs (ΔITA), whilst in the other models, total investments on ITA (and changes in the investments on ITAs) against the company's size, sector, age, financial status, dividends, cash flow, and growth are regressed. Both logs and lags were used with the model's variables.FindingsThe results showed that the mean of total investment on ITA increased heavily (85 percent) between 2001 and 2005. However, ITA represents, on average, only about 1.2 percent of total assets and 1.3 percent of total sales. Regression results suggest that investment on ITA forecasts around 15 percent of the variation in a company's future growth. The company's size, segment, financial status, dividends, cash flow and growth are significant variables which predict nearly half of the variation in the investments on ITA. The inclusion of two lags of the appropriate variables in the model provides better results and the adjusted R2 increased significantly to reach, on average, 0.60.Originality/valueIn the internet era, companies have become heavily involved in larger investments on ITAs (intellectual capital). Since the research in the area of ITAs is undersized and much of it was directed towards R&D, this study contributes to this area of study showing how can investments on ITA in the manufacturing sector be an important element for future growth which concerns corporate governance.
Costs‐benefits of adoption of IFRSs in countries with different harmonization histories
Authors: Taylor Dennis W. 
Published: May 2009

PurposeThe objective of this study is to compare the costs to financial statement prepares of making the transition to International Financial Reporting Standards (IFRSs) relative to the benefits to financial statement users from receiving “higher quality” IFRS‐based information (measured as incremental value‐relevance for listed companies in the UK, Hong Kong and Singapore). These countries had different approaches to harmonization leading up to IFRS adoption.Design/methodology/approachThis study is based on secondary data from financial statements and share market databases for a sample of 150 randomly selected listed companies in three countries for the year of first‐time adoption of IFRSs.FindingsResults show that the extent and cost of adjustments to financial statements of UK companies at first‐time adoption of IFRSs is greater than companies in Hong Kong and, in turn, Singapore. But, in each of the three countries, financial statements prepared under IFRSs generate insignificant benefits to users in terms of providing incrementally more value‐relevant information than financial statements prepared under local generally accepted reporting practices. The self‐develop‐then‐harmonize strategy of the UK's Accounting Standards Board caused companies to incur higher costs‐to‐benefits on adoption of IFRSs than the selective‐importing‐of International Accounting Standards strategy in Hong Kong and Singapore.Originality/valueThe evidence enables a retrospective evaluation of historically different national standards setting strategies in terms of the cost‐benefit outcomes at time of adoption of IFRSs.
Determinants of financial and environmental disclosures through the internet by Malaysian companies
Authors: Saleh Al Arussi Ali , Hisyam Selamat Mohamad , Mohd Hanefah Mustafa 
Published: May 2009

PurposeThe purpose of this paper is to investigate whether the voluntary financial and environmental disclosures through the internet can be explained by the same determinants as in conventional reporting. Specifically, this paper examines the relationship between the extent of financial and environmental disclosures on the internet and six variables, namely, ethnicity of chief executive officer (CEO), leverage, level of technology, existence of dominant personalities, profitability, and firm size.Design/methodology/approachSix hypotheses were tested using data collected from 201 Malaysian listed companies on the Bursa Malaysia's Main and Second Boards for the financial year 2005. A regression model is utilized to analyze the results of this paper and this is in tandem with the previous studies.FindingsThe results indicate that level of technology, ethnicity of CEO and firm size are determinants of both internet financial and environmental disclosures. However, the existence of a dominant personality is found to negatively affect the level of financial disclosures but not environmental disclosures. The other variables did not show any significant relationship with either financial or environmental disclosures.Originality/valueThis paper investigates whether internet financial and environmental disclosures can be explained by the same determinants used in other similar studies. The results indicate that only level of technology, ethnicity of CEO and firm size are found to be significant for both internet financial and environmental disclosures.
Coming to America: the extraterritorial reach of US judicial process
Authors: Cihlar Frank P. 
Published: May 2009

PurposeThe purpose of this paper is to explore situations in which US Federal Courts may impose severe fines and sanctions to compel the disclosure of information maintained outside the territorial limits of the USA by enforcing either a grand jury subpoena or an Internal Revenue Service administrative summons.Design/methodology/approachThe paper presents a memorandum of law summarizing and analyzing relevant US legal precedents, including In Re Grand Jury Proceedings (Bank of Nova Scotia), 740 F.2d 817 (11th Cir. 1984), a case that has come to be eponymous for any US judicial process calling for the production of foreign records: “Bank of Nova Scotia subpoenas.”FindingsThe paper finds that, in appropriate circumstances, US Federal Courts have been willing to impose coercive fines and sanctions on individuals or entities that have failed to produce records and other information that is outside the territorial jurisdiction of the USA.Research limitations/implicationsThe analysis is focused on two US legal precedents that exemplify the factors considered by US Federal Courts in arriving at a decision. Many other cases are cited but not examined in depth.Practical implicationsThe paper is of interest to anyone engaging in cross‐border activities with the USA, particularly multi‐national financial organizations.Originality/valueThe paper provides an insight into the US law enforcement tools that may be deployed against multi‐national organizations.
Fraudulent money transfers: a case from Turkey
Authors: Ilter Cenap 
Published: May 2009

PurposeThe purpose of this paper is to show to the public in general and auditors in particular that the money deposited to the banks that operate in an uncontrolled medium can be misused by owners of the banks.Design/methodology/approachThe paper has been designed based on a fraud theory. The theory has been developed on financial analysis and audit tests. The theory then revised and the existence of a bogus company and its intermediary role in the fraud scheme has been proven.FindingsThe paper explores that banks controlled by unreliable owners can lead to misuse of public's funds in accordance with the directives of the owner. Public's money can be transferred to other group companies in an illegal manner‐in excessive amounts and never returned to the bank by means of applying different accounting techniques.Practical implicationsAuditors, who may audit group companies that include a bank or banks with deposit receiving and lending rights should pay attention to the transactions between the group's bank and the other group companies. The lending may be excessive in amount and/or never paid back and various accounting malpractices may exist.Originality/valueThe case that the paper covers reflects the author's own audit experiences. The names of the companies have been changed but not the essence of the events. From this perspective it sheds light onto the path of an auditor who happens to be in a similar situation.
PEEPing at PEPs
Authors: Gilligan George 
Published: May 2009

PurposeThe purpose of this paper is to discuss the subject of politically exposed persons (PEPs) and some of the major issues associated with them. PEPs as a specific category are receiving increased attention from governments, law enforcement agencies and international organisations such as the Financial Action Task Force. An increased academic and theoretical focus upon PEPs is required because there is considerable uncertainty about the specific definition of PEPs, how precisely they may be categorised, what the impacts of their activities are and how they might be countered.Design/methodology/approachThis paper first discusses some of the ambiguities surrounding the definition of PEPs. The paper then emphasises the unsurprising reality that definitional confusion regarding PEPs contributes to uncertainty about their incidence and effects. The paper then highlights some of the key policy challenges in responding to PEPs and provides examples of good and bad practice in seeking to counter the activities of PEPs.FindingsThe paper concludes that it is important for governments and business organisations to be proactive about emerging risks relating to PEPs. However, experience suggests that it seems extremely difficult to segregate political contexts from how the harms and other problems associated with PEPs might be countered and that political expediency may be a defining overall factor in how responses to PEPs evolve.Originality/valueThe paper's originality and value lies in its efforts to link the definitional and political landscape surrounding the issue of PEPs, and to articulate that progress in the former is unlikely without open appraisal of the impacts of the latter.
Why civil actions against corruption?
Authors: Young Simon N.M. 
Published: May 2009

PurposeThe purpose of this paper is to identify and examine motivating factors for why public and private actors initiate costly and risky civil actions to recover loss due to corruption in an era of increasing multilateral consensus and cooperation against corruption and organised crime.Design/methodology/approachResearch into recent global trends and types of civil lawsuits against corruption is conducted. Several cases, particularly from Canada, Hong Kong, the USA and the UK, are used to illustrate the attractions and difficulties of civil litigation. The implications of the recent international treaties on corruption are analyzed. Qualitative findings are made on a range of motivational factors that lie behind different types of civil actions against corruption.FindingsThe paper notes an apparent rise in interest in civil actions against corruption and describes five types of actions brought by governments and companies. Civil actions are indicative of the want of better alternatives to recovery. While recent anti‐corruption treaties help to remove barriers to civil actions, the treaties themselves cannot explain the increased interest in civil lawsuits. Full explanation lies in the empowering effect of suing, the political significance of these lawsuits particularly for a new regime suing to recover plundered property from the old regime, and the ease by which a lawsuit can be launched.Originality/valueThis paper contributes to the literature in identifying types of civil actions against corruption, the practical and political motivations behind civil actions, and the positive relationship between international cooperation regimes and civil actions.
Human trafficking and forced labour
Authors: Bakirci Kadriye 
Published: May 2009

PurposeDuring the last ten years, the International Labour Organisation (ILO), and some other international organizations, have increasingly addressed human trafficking from a “forced labour” perspective. The purpose of this paper is to clarify the terminology in relation to human trafficking and forced labour, to highlight the links between them, and to provide a critique of the ILO approach. It also aims to make the case for the implementation of a specific international instrument to address the link between trafficking and forced labour.Design/methodology/approachThis paper compares the definitions of human trafficking and forced labour, the link between them in the United Nations, European and ILO instruments.FindingsAlthough human trafficking is a criminal activity, the ILO identifies it as a form of forced labour. The paper concludes that, no matter what role the trafficking victims have in participating in the criminal activities, they should be viewed as victims and witnesses. They should not be viewed as “workers” or “labourers”. Any minor under the age of 18 years, in accordance with the European and international instruments, has no legal capacity to give consent to being exploited.Originality/valueThis paper argues that the international and European instruments do not specifically address the link between trafficking and forced labour. There is a need for a specific international instrument prescribing the link between trafficking and forced labour. In the absence of such an international instrument, there is a piece meal approach by international bodies and countries toward the regulation of trafficking and forced labour.
White collar crime and the criminal justice system
Authors: Cheng Hongming , Ma Ling 
Published: May 2009

PurposeThe purpose of this paper is to assess the government efforts in criminalising and combating bank fraud and corruption in China and their policy implications.Design/methodology/approachAn integrated method is used to gather the data for this study, including government documents, statutes, congressional reports, legal cases, news reports, online survey and interviews with key policy‐makers, investigators and prosecutors.FindingsThis research finds that a major problem of bank fraud and corruption in China is the gigantic web of government officials, bank insiders and criminal businesses in committing fraud. The harshness of the Chinese law has not automatically resulted in making the struggle against bank fraud more effective. Law, enforcement and punishment are not certain, predictable, and applied consistently in order to deter fraud. Political, ideological and legal differences have hindered China's pursuit of escaped criminals in foreign countries.Practical implicationsThis paper indicates that a three‐pronged approach – deterrence, prevention and education – is needed to address bank fraud and corruption. The industry's preventive efforts are of far greater importance than any extreme penalty. There is a need for a reconstruction of business ethics to ensure willing compliance with the law by individuals and organizations.Originality/valueThe paper is of value to law enforcement policy‐makers, banking regulators, financial institutions and academic researchers with interests in bank fraud and corruption issues.
Financial services in trouble: the electronic dimension
Authors: Picard Michel 
Published: May 2009

PurposeThe initial role of computers and information technology (IT) systems consisted of improving business daily's operation. However, this quest of efficiency serves more obscure goals as fraudsters exploit the electronic dimension for personal profits with a maximum devastating impact on businesses and their client. The purpose of this paper is to suggest an analysis of the role of the electronic dimension in financial market crimes. It proposes reconsidering its importance based on its role rather than on its complexity and, consequently, better understanding the basic elements of a fraud.Design/methodology/approachThe paper takes the form of a case analysis and field work.FindingsThe complexity of an IT system facilitates the commitment of a fraud and, at the same time, complicates its investigation. However, an IT system does not initiate a fraud. It is an accessory, a tool at the service of a criminal mind which is where the scheme originates.Research limitations/implicationsInformation regarding the two case studies comes only from public sources (mainly written media and books) and is not confirmed by any confidential data available to the author.Originality/valueMany computer crime experts (re: Cybercriminality Conference in Canada, April 2008, and in Luxembourg, June 2008) agree upon accessorial aspect of IT systems. For investigation purposes, it switches the focus from the computer element back to the main event: the environment in which the fraud occurs.