bluuebunny/crossref_metadata_2025_split huggingface dataset:
War on savings: modern monetary management in crisis
Authors: Oberholster Sarel Johannes 
Published: August 2010

PurposeThe purpose of this paper is to examine modern monetary policy as practiced and promoted by the officials of Central Banks, with the Federal Reserve Bank of the USA and the Bank of Japan in leading roles.Design/methodology/approachModern monetary policy is assessed for its rhetoric and its philosophies steeped in Keynesian traditions. The fallacies of relying on patently incorrect economic theory with specific critique on the assumption that saving is equal to investment (S=I) is exposed in the policy failures of themes such as quantitative easing, approaching the zero bound, wealth effects, the liquidity trap, forbearance lending and an unwavering belief in the power to inflate. An alternative credit theory is presented and discussed to explain the accumulation of monetary interventions in the modern banking environment. The credit theory is further expanded to evaluate an economy in distress as a result of an accumulation of monetary stimulations against a background of the philosophies of the Austrian school of economics.FindingsThree decisive monetary policy outcomes are identified and substantiated in the Austrian philosophy of laissez faire; the probable outcome of modern monetary policies in deflationary stasis; and the destructive outcome of extreme monetary and fiscal interventions resulting in a hyperinflationary depression and destruction of the money unit.Originality/valueThe conceptual framework and content of the paper are mostly original and will contribute to the study of political and monetary economics.
What caused the Irish banking crisis?
Authors: O'Sullivan K.P.V. , Kennedy Tom 
Published: August 2010

PurposeThe purpose of this paper is to explore the Irish banking crisis and explain how various factors contribute to a collapse in asset prices, an economic recession and the near failure of the banking system. The paper seeks to document the dangers of pro‐cyclical monetary and government policies, particularly in an environment of benign financial regulation and pent‐up demand for credit.Design/methodology/approachThe paper maps the Irish banking crisis against its general background. It describes the roots of the crisis, with particular attention given to government and monetary policies, the practices of the financial regulator and banks during the property bubble, together with the difficulties associated with the international sub‐prime crisis.FindingsWhile the global financial crisis exacerbated matters, the banking crisis in Ireland was largely a home‐grown phenomenon. The crisis stemmed from the collapse of the domestic property sector and subsequent contraction in national output. Its root cause can be found in the inadequate risk management practices of the Irish banks and the failure of the financial regulator to supervise these practices effectively.Originality/valueThe paper documents the “Celtic Tiger” phenomenon of the last decade: the Irish economic and property miracle, its sharp decline, and the sub‐prime crisis. It delineates one of the most severe banking and economic crisis in a developed country since the great depression with a number of key policy lessons for rapidly expanding economies.
Authenticity and the construct's dimensions in public relations and communication research
Authors: Molleda Juan‐Carlos 
Published: August 2010

PurposeThe purpose of this paper is to define the construct authenticity and its dimensions and to propose an index to measure levels of authenticity in organisational messages and actions, as well as perceived authenticity from the stakeholders' perspective.Design/methodology/approachThe paper takes the form of a comprehensive literature review.FindingsThe construct authenticity and its dimensions are defined from a multidisciplinary perspective, including literature from advertising, communication studies, marketing, and public relations.Research limitations/implicationsItems for an authenticity index are proposed. Such a scale could be used to measure the effectiveness of public relations efforts and techniques and, therefore, the perceived authenticity of organisations, including its actions, operations, product, services, and spokespeople in the mind of stakeholders.Practical implicationsThe consistency between authentic claims, offerings, and promises and the management philosophy and behaviour of organisations would determine the effectiveness of public relations efforts assessed by measuring the responses, actions, and behaviours of stakeholders.Social implicationsThe evenness between the genuine nature of organisational offerings and their communication is crucial to overcome the eroding confidence in major social institutions. Authenticity claims must capture the experiences, aspirations, and expectations of the involved segment of society that organisations aim to engage; otherwise, a clash of values may occur.Originality/valueThe paper provides ideas for measuring authenticity in organisational messages and actions as a guide to best ethical practices and support for teaching the value of the studied construct.
Factors affecting the bid/no bid decision in the Palestinian construction industry
Authors: Enshassi Adnan , Mohamed Sherif , El Karriri Ala'a 
Published: August 2010

PurposeThe purpose of this paper is to identify and rank the factors that affect the bid/no bid decision according to their relative importance from the perspective of the contracting parties operating in the Gaza Strip, Palestine.Design/methodology/approachThe objectives of this research were investigated through a postal questionnaire, which covered a randomly selected sample of 63 contractors, 29 clients and 13 consultants operating in the construction industry in the Gaza strip. The questionnaire was structured based on related literature, the pilot study and actual factors affecting bidders' decisions to bid or not that arise from special conditions in the Gaza Strip. A total of 78 factors that affect the bid/no bid decision were identified. These factors were then ranked according to their relative importance to contracting parties operating in the Gaza Strip, Palestine.FindingsThe results illustrate that the financial capability of the contractors, the financial capability of the clients, the financial values of the project, the due date of the payments, the availability of construction raw materials in local markets, and the stability of the construction industry were the most critical factors affecting the bid/no bid decision, as agreed by all respondents.Originality/valueThe paper provides supportive practical solutions for contractors, clients and consultants to enhance and improve bidding decisions. It is recommended that clients and consultants consider the financial capabilities, technical capabilities and staff competencies of the contractors during the awarding stage, and not simply focus on the lowest bid.
Learning at air navigation services after initial training
Authors: Teperi Anna‐Maria , Leppänen Anneli 
Published: August 2010

PurposeThis study aims to find out the means used for individual, group and organizational learning at work at one air navigation service provider after the initial training period. The study also aims to find out what practices need to be improved to enhance learning at work.Design/methodology/approachThe data for the study were collected over four years from several air traffic control (ATC) units of the organisation using different methods. In total, 155 subjects (operative personnel, supervisors) answered a reporting system questionnaire, 20 supervisors participated in interviews and 142 subjects (operative personnel, supervisors) responded to a safety culture questionnaire.FindingsSeveral learning methods were used in ATC. Some of them were organisation‐wide and mandatory, but others were dependent on the activity of the unit or a single person. Individuals reported problem areas in operative work and learned from them. Group level learning was not actualized in all units of the organisation. Learning was insufficient at the organisational level.Practical implicationsA reporting system is a useful way of learning for individuals working in complex systems such as ATC. To use it for communicative and organisational learning, however, demands the formation of an integrated learning system for the different parts of the organisation and its stakeholders. This system could support conscious analysis of learning material arising from everyday work. These improvements would contribute to securing safety in the field of aviation during major changes.Originality/valueThe paper provides information on the strengths and weaknesses of learning in one complex, high reliability, work area. The study shows that the latest knowledge regarding learning at work was not utilized effectively.
The effect of corruption factor in harnessing global anti‐money laundering regimes
Authors: Mugarura Norman 
Published: August 2010

PurposeThe purpose of this paper is to examine the effect of corruption on the transposition of global anti‐money laundering regimes (AML), such as customer due diligence (CDD) locally.Design/methodology/approachThe global AML framework for purposes of this paper is underscored by the 40+9 recommendations of the Financial Action Task Force (FATF) and the principles of the Basle Committee on Banking Supervision. These standards are contained in FATF recommendations 2003; and the FATF nine special recommendations against Financing of Terrorism 2001 (updated in February 2008). The paper examines some aspects of the current anti‐money laundering and combating financing of terrorism (AML/CFT) framework such as CDD and know your customer to highlight the challenges of harnessing the global AML/CFT regimes locally in some jurisdictions.FindingsThe paper establishes that money laundering (ML) and corruption are embedded in each other. By way of examples, cases of ML are rampant in highly corrupt countries.Research limitations/implicationsThe dichotomy of corruption and its effect negates the global efforts on fighting ML/financing of terrorism.Social implicationsCorruption in its various manifestations undermines a country's capacity to harness the global framework against ML and financing of terrorism. Thus, the twin offences of corruption and ML should be accorded the same level of attention as serious financial crimes at a global level.Originality/valueThe paper is written based on the challenges of harnessing the global AML/CFT regimes in inherently corrupt governments. It draws particularly on experiences of corruption and ML in some countries in Africa.
Proposal of data warehouse in the context of healthcare process reengineering
Authors: Ayachi Ghannouchi Sonia , Mabrouk Karim , Ghannouchi Slah 
Published: August 2010

PurposeThis paper aims to set out the relationship between business process reengineering (BPR) and data warehouse (DW) and identify the advantages brought by the integration of DW technology in BPR projects.Design/methodology/approachThis paper is primarily based on a case study which was conducted in a Tunisian hospital and allowed some lessons to be learned.FindingsIntroducing changes in the field of healthcare services has become a necessity to provide better satisfaction to patients and to offer faster services and of better quality. So, the BPR approach can be applied to introduce these changes and provide better satisfaction to recipients of services, i.e. the hospital patients. This study is based on a case study based on the BPR application for healthcare process in some services of Farhat Hached Hospital in Sousse, Tunisia. This case study has mainly contributed to a proposed DW for healthcare services.Research limitations/implicationsThe proposed DW and the new corresponding process have not yet been implemented in the real life of the considered services. The research work in this project allowed the provision of detailed and rational justifications for the information technology introduction in BPR applied in healthcare services and in particular to the implementation of the DW concept. In addition to the detailed justifications, the research paper provided the prerequisite for the success of the project as well as its technical specifications and appropriateness to the specifity to the local setting.Originality/valueThe lessons learned were related in one hand to the particularities of BPR projects using the DW technology and on the other hand to the advantages brought by the DW technologies in the BPR projects. The following questions are considered in this paper: what are the particularities of the BPR projects using the DW technology? What are the main contributions of the DW technology to BPR projects?
Intangible assets valuation in the Malaysian capital market
Authors: Salamudin Norhana , Bakar Ridzwan , Kamil Ibrahim Muhd , Haji Hassan Faridah 
Published: August 2010

PurposeThis study examines the intangible assets value of the Malaysian market. It measures the relationship between intangible assets and corporate market value of Malaysian firms and whether they are consistent with findings in other advanced markets.Design/methodology/approachFirstly, the development of intangible assets of Malaysian companies over 2000 to 2006 were measured statistically using Landsman's balance sheet identity model. Then, cross‐sectional multi‐regression procedure was used to ascertain the relationship between intangible assets and financial performance.FindingsThe findings reveal that the Malaysian market developed intangible assets at a rather slow pace, with significant development from year 2004 onwards. It also reveals that the book value of net assets (BVNA) are still dominant in Malaysian corporate valuation but this trend is declining as greater interest has now been developed in employing intangible assets and earnings as important variables. Furthermore, the results indicate that there is a positive trend in intangible assets development in Malaysia, consistent with those of advanced markets such as the US, Europe and Australia. However, the Malaysian market lags by about 20 years as compared to the more advanced ones.Research limitations/implicationsThe limitations of this paper are as follows: the time frame for this study was seven years and it looked at the post‐financial crisis period. A longer time frame may be desirable covering both pre‐ and post‐crisis periods. Secondly, this study did not look into intangible assets at the micro‐level perspective. Unless solid definition, classification, measurement and valuation of intangible assets have been ascertained, it is not worth dwelling on individual assets, such as brand, research and development (R&D), and human capital.Originality/valueThe main contribution of this study is that it provides empirical evidence that intangible assets or intellectual assets are strategic assets that require close attention in line with development of the knowledge‐based economy.
Designing leadership development initiatives: clarifying the why, who, what, how and when
Authors: Killian Shaun 
Published: August 2010

PurposeThis article will help HR and L&D professionals design leadership development initiatives that deliver a real return on investment.Design/methodology/approachThis briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.FindingsGood leadership makes a significant impact on organizational success. And, as we have seen, poor leadership can launch organizations into turmoil and scandal. If the prevailing wisdom is that anyone can learn to be a better leader, then why is effective leadership lacking in many of our organizations? Many factors can work against your efforts to develop leadership. Some of these are outside of your control, but one is not: sound program design. Sadly, too many HR and L&D professionals use a hit and miss approach to leadership development instead of using a systematic process to design their programs. This article outlines five timeless principles – the why, who, what, how and when of program design.Practical implicationsThe article offers practical, evidence‐based advice on how to go about the process of designing any leadership development initiative.Social implicationsProvides strategic insights and practical thinking that can have a broader social impact.Originality/valueA practical summary of what has been learnt about what works and what doesn't in leadership development.
Perceptions of tourists at risky destinations. A model of psychological influence factors
Authors: Aschauer Wolfgang 
Published: August 2010

PurposeThis paper aims to present a model including essential constructs for the measurement of travellers' characteristics in a perceived unsafe destination. This model functions as the basis for three empirical case studies testing the relevance and explanatory power of stable factors regarded as crises‐resistant (e.g. values and holiday preferences) and dependent aspects regarded as crises‐sensitive (attitudes, perceptions and holiday activities).Design/methodology/approachIn total, 930 tourists completed a standardized questionnaire in three regions confronted with or threatened by terrorist attacks as a specific form of tourist crisis (Bali, Indonesia; Sinai, Egypt and Catalonia, Spain). Owing to the coincidence that during fieldwork the second attack on Bali happened it was possible to compare travellers before and after the attack and to test the conception of crises‐stable and crises‐sensitive factors (RQ1). Linear multiple regressions were run to detect significant influence factors on sensation seeking and holiday needs (based on the whole sample) (RQ2) and on risk perceptions and intercultural contact efforts (analysed separately for every destination) (RQ3).FindingsThe results in Bali predominantly justify the model of crises‐stable and crises‐resistant indicators. Considering influences on the stable level values referring to openness for change (self direction, hedonism and stimulation) and to self transcendence (universalism, benevolence) exert the highest influence on travel needs. The weak influences of sensation seeking on security feelings during a holiday lead to the conclusion that these two constructs have to be clearly differed. The perception of a convenient, relaxing atmosphere, a low awareness of risks on holidays and a commitment towards tourism‐related problems seem to be highly relevant for open contacts with the host society.Originality/valueThe empirical results of the study in Bali are of particular importance because there is still little scientific knowledge about the immediate psychological reactions of tourists to crises states in destinations. Highly relevant explanatory factors are reported in this study due to high effect sizes regarding sensation seeking, holiday needs and intercultural communication efforts.
Critical elements that discriminate between successful and unsuccessful ERP implementations in Sri Lanka
Authors: Wickramasinghe Vathsala , Gunawardena Vathsala 
Published: August 2010

PurposeThe purpose of this paper is to explore enterprise resource planning (ERP) implementation project performance of successful and unsuccessful implementations; critical elements (CEs) that are conducive to success; and whether implementation project performance and CEs vary across the number of modules implemented, product type, and number of employees affected by the ERP.Design/methodology/approachSurvey research methodology was used and data collected from 74 ERP implementation projects in Sri Lanka. Data were analysed using descriptive statistics, independent sample t‐test, one‐way analysis of variance (ANOVA), and logistic regression.FindingsERP implementation project performance significantly differs between successful and unsuccessful implementations. The importance given to CEs of training and education, user involvement, managing user expectations, interdepartmental cooperation, ERP teamwork and team composition, software development, testing and troubleshooting, project management, project champion, BPR and customisation, change management programme and culture, and effective communication significantly differ between successful and unsuccessful implementations. Although ERP implementation project performance does not vary by the number of ERP modules implemented, product type, and number of employees affected by the ERP, several CEs were found to vary by these three contextual variables.Originality/valueDespite extensive literature on ERP implementations, empirical studies are needed for a better understanding of CEs that are conducive to success. In the context of globalisation of business operations and interlocking supply chains, research on CEs that are conducive to success in Sri Lanka is interesting, relevant and timely, since there is an increasing interest in understanding the work environment in Asia.
Corporate social responsibility: finding the middle ground
Authors: Hussein Magdy M. 
Published: August 2010

PurposeThis study seeks to examine CSR theorists' criteria from the corporate executive's perspective. It aims to find out how corporate executives perceive CSR and how they would like to be perceived as CSR implementers.Design/methodology/approachThe study uses Delphi research and data analysis to build up three sets of questionnaires. It was only the first set where the author introduced his questions but the other two sets were created from the executives' answers in previous stage. It is then all about executives' perception; no one has put words in their mouths. The study compares KLD (the famous research and analytics company) criteria which are used to celebrate annually the 100 best corporate citizens list with the participating executives' criteria.FindingsThe study found that executives lean more towards self‐regulation and self‐determination. Panelists disregarded any suggestion of regulating executives' salary/compensation as CSR criteria. They reject CSR criteria as a measure of good, bad, or ugly performance. They focus more on non‐profit organizations and their charitable contributions. However, the study was able to identify great agreement in the area of transparency, ethical practices, consumer rights, and diversity.Research limitations/implicationsThe study picked up its sample of executives from the high tech industry, mainly in Silicon Valley, California. The panelists did not represent a random and mixed sample of executives from different industries.Originality/valueThe study might be the first Delphi research conducted online to suit time‐constrained, busy panelists who know how to use the internet effectively.