bluuebunny/crossref_metadata_2025_split huggingface dataset:
The impact of cross‐listings on the UK and the German stock markets
Authors: Koulakiotis Athanasios , Lyroudi Katerina , Thomaidis Nikos , Papasyriopoulos Nicholas 
Published: February 2010

PurposeThe purpose of this paper is to examine volatility transmissions between portfolios of cross‐listed equities and exchange rate differences and also the volatility persistence for home, foreign equities, and exchange rate differences in the UK and German markets.Design/methodology/approachA primary focus of this paper is to see if there is an impact first on the volatility persistence for foreign equities that are listed in the UK and German markets, second on the respective home portfolios of cross‐listed equities, and third on the exchange rate differences. In addition, whether there are any bilateral spillovers between the following equity portfolios: foreign cross‐listed equities, home cross‐listed equities, and also local or global exchange rate differences are investigated.FindingsThe paper finds that the volatility persistence is more prominent than error persistence from cross‐listed equities, foreign or home, and the exchange rate differences. Furthermore, the transmission mechanism indicates a bilateral integration process in some of the cases that were examined. Based on these results, it is concluded that in the UK market the foreign cross‐listings affect less the domestic equities compared to the German market.Originality/valueThis paper examines the interdependence of portfolios of home and foreign equities for cross‐listings that belong to the same stock exchange with two exchange rates, a local and a global one in order to provide more evidence in this area of literature.
Stock market and aggregate consumption asymmetry: evidence from Malaysia
Authors: Ibrahim Mansor H. , Shah Habibullah Muzafar 
Published: February 2010

PurposeThe purpose of this paper is to analyze the influences of real share prices on aggregate consumption for Malaysia with the focus on whether there is asymmetry in the long‐run relation of the two variables.Design/methodology/approachThe paper specifies aggregate consumption to depend on real income and real share prices. Alternatively, imposing long‐run budget constraint, the paper specifies the relation between aggregate consumption and real share prices as ratio to real income. Then, it applies an asymmetric cointegration and error correction modeling.FindingsThe cointegration tests indicate the presence of a long‐run relation between consumption‐income ratio and share price‐income ratio. More interestingly, while changes in share prices exert short‐run causal influences on Malaysia's private consumption, evidence is found for the adjustments of consumption – income ratio to the long‐run equilibrium path only when it is above its long‐run value. The paper interprets the finding as suggesting downward revisions in the consumption patterns when there are adverse shocks in share prices and, accordingly, supports the existence of especially negative wealth effect for Malaysia.Research limitations/implicationsOwing to data limitations, the paper relies on aggregate consumption and aggregate income data. It acknowledges that the sum of non‐durable consumption and flow‐of‐services from durable purchases and labor income are more appropriate measures of, respectively, consumption and real income.Originality/valueThe findings have important implications for understanding consumption behavior in a developing country and can provide insight on the effectiveness of monetary policy.
Does trade matter for stock market integration?
Authors: Abdul Karim Bakri , Shabri Abd. Majid M. 
Published: February 2010

PurposeThe purpose of this paper is to re‐examine the stock market integration and short‐run dynamic interactions between the Malaysian stock market and the stock markets of its major trading partners (the USA, Japan, Singapore, China and Thailand).Design/methodology/approachWeekly stock indices spanning from January 1992 to May 2008 is analysed using autoregressive distributed lag (ARDL) bound testing approach and vector autoregression (VAR) framework.FindingsStock markets of Malaysia and its major trading partners are found to be integrated. To some extent, it is found that trade does matter for stock market integration. Additional, geographical proximity and close relationship between the countries further contributes towards a greater integration between them. To move forward to a greater financial integration among these countries, trade liberalisation, including reduction or removal of trade and investment barriers would be necessary.Originality/valueThis paper is among the first attempts to use ARDL and VAR frameworks to examine integration among the stock markets of Malaysia and its major trading partners. The findings of the study would shed some empirical lights for the purpose of policy making.
How did strategic planning help during the economic crisis?
Authors: Wilson James W. , Eilertsen Soren 
Published: February 2010

PurposeThe purpose of this paper is to understand the extent to which organizations were prepared for the economic crisis, the nature of responses, and factors that might explain preparedness and modes of response.Design/methodology/approachThe survey conducted in July 2009 and sponsored by the Association for Strategic Planning, sampled 190 US managers involved in strategic planning within organizations. The survey assessed the role strategic planning played during the recent financial crisis.FindingsKey findings include: organizations that used strategic planning to make critical decisions were better able to pursue growth opportunities during the crisis; and organizations that relied on strategic planning during the crisis are more confident about their prospects for near‐term growth.Research limitations/implicationsRepeating this protocol for a sample of executives who have not taken a particular interest in strategic planning as a discipline would create more confidence that the conclusions can be generalized.Practical implicationsThe paper suggests to organizations that an embrace of strategic planning in the form of having a regular process, a senior leader in charge, and involving the entire leadership team makes a significant difference in optimism and future outlook.Originality/valueThe results suggest that an organization's trust and confidence in strategic planning as a decision‐making discipline is a stronger indicator of potential success than the adoption of any particular strategic planning technique or principle.
Shared leadership: from rivals to co‐CEOs
Authors: Arnone Maria , Stumpf Stephen A. 
Published: February 2010

PurposeAs businesses confront a world of increasing complexity, some global organizations have responded by placing co‐CEO's at their helm, judging that the demands of the job merit the commitment of two executives. This response has yielded mixed results and continues to generate controversy and generate questions about how to maximize success and avoid pitfalls. This paper aims to address these issues.Design/methodology/approachTo address the dynamics and efficacy of shared leadership, the authors interviewed 19 co‐heads, the majority of whom have shared the role more than once.FindingsThe study finds that, in best practice organizations, the shared leadership structure is an accepted leadership strategy used sometimes at the top, and more often at the business unit level with the added benefit of grooming business leaders and providing a testing ground for the top spot.Practical implicationsThe initial challenge of successful shared leadership is to craft a set of roles, rules, and responsibilities that leverage the talents and interests of each leader and avoids replicating the silos of function‐based power often entrenched in the organization.Originality/valueThe authors found that adopting co‐head roles is best thought of as an interim strategy that requires careful consideration of corporate context and competitive environment and the risk factors involving the personal dynamics of shared leadership.
Competing through co‐creation: innovation at two companies
Authors: Ramaswamy Venkat 
Published: February 2010

PurposeThis paper aims to discuss how two innovative firms – the French telecommunications firm Orange and the California‐based global networking firm Cisco – have gained competitive advantage from using the co‐creative enterprise business concept to generate sustainable growth.Design/methodology/approachThe paper describes in detail the approach at Orange, which is on co‐creating experience environments with customers and industry mavens, and at Cisco, where the focus is on co‐creating the management of risk and reward.FindingsCompanies that have learned how to manage the process of creating unique value with customers and other stakeholders have developed engagement programs and processes that enable interactions among all stakeholders everywhere in the system, with the goal of creating greater value by fostering more rewarding or more valuable experiences.Research limitations/implicationsTwo case examples of innovative practices are presented.Practical implicationsOrange's R&D and marketing processes have attracted lead‐users and early adopters, who are extremely valuable since they are more likely to be content co‐creators and the core adopters of their services. Cisco is attempting to extend its co‐creative governance frameworks through collaborative interactions with its customers and partners.Originality/valueThe paper alerts leaders that business and society are moving towards an individual‐ and experience‐based view of co‐creative engagement among individuals and institutions – outside and inside enterprises.
Masterclass: how innovation in “product language” can overturn markets – the power of emotion‐focused design
Authors: Leavy Brian 
Published: February 2010

PurposeLeading CEOs have put innovation at the forefront of their agenda for most of the last decade, but they have come to realize that it can take many forms, with different degrees of competitive impact. The paper aims to compare and contrast several forms of innovation and schools CEOs in the latest version, “design‐driven” innovation.Design/methodology/approachThe paper analyzes how a leader can utilize design‐driven innovation.FindingsThe paper finds that design‐driven innovation represents a timely convergence of the value innovation perspective and “emotion‐focused design,” a term that denotes an innovation in which the novelty of a message and of a design language prevails over the novelty of functionality and technology.Practical implicationsDesign‐driven innovation offers a powerful new approach that draws upon deep socio‐cultural insights to create the basis for new levels of emotional attachment to commercial products.Originality/valueInnovation theory and practice has tended to focus on two strategies, “technology‐push” and “market‐pull.” Design‐driven innovation offers a third strategy, one that is more like basic sociological research, and just as systematic.
Design thinking: achieving insights via the “knowledge funnel”
Authors: Martin Roger 
Published: February 2010

PurposeThe purpose of this paper is to explain how, in the future, the most successful business innovation efforts will balance analytical mastery and intuitive originality in a dynamic interplay that the author calls “design thinking.””Design/methodology/approachAs a useful way to think about how to do this the paper takes the reader step‐by‐step through the “knowledge funnel” concept.FindingsDesign thinking empowers the design of business, the directed movement of a business through the knowledge funnel – from mystery to heuristic to algorithm – and then the utilization of the resulting efficiency to tackle the next mystery and the next and the next.Practical implicationsThe apaper suggests that the velocity of movement through the knowledge funnel, powered by design thinking, is the most powerful formula for competitive advantage in the twenty‐first century.Originality/valueThe paper has a radical thesis: to advance knowledge, we must turn away from our standard definitions of proof – and from the false certainty of the past – and instead stare into the mystery of what could be.
Disney's Marvel acquisition: a strategic financial analysis
Authors: Calandro Joseph 
Published: February 2010

PurposeThe purpose of this paper is to assess the value and risks of Disney's 2009 $4 billion acquisition of the Marvel Entertainment Group (Marvel) in a case study utilizing the modern Graham and Dodd valuation approach.Design/methodology/approachThe paper presents a detailed valuation of Marvel in 2009 drawing on previously published Graham and Dodd methodological materials and Marvel's publicly available financial reports.FindingsDisney's $4 billion acquisition price for Marvel contained considerable risks based on certain valuation assumptions, which were identified in the context of our analysis.Research limitations/implicationsThis acquisition is a useful one for executives to study because it involves a situation many of them could face: evaluating the purchase of a great company that is seemingly a strategic fit and offered at what appears to be a reasonable price. Assessing such opportunities utilizing the modern Graham and Dodd valuation approach facilitates greater levels of insight into key assumptions, value drivers, and risks.Practical and research implicationsThis is a methodology that has proved useful to successful value investors over time.Originality/valueLessons executives in many industries can learn from a Graham and Dodd‐based valuation of the 2009 Disney acquisition of Marvel include: better risk assessment, valuation of entertainment property assets and franchise assessment.
Narrative vs PowerPoint: for leaders, it may not be a matter of fact
Authors: Carriger Michael 
Published: February 2010

PurposeThis paper aims to argue that narratives, skillfully deployed by senior leaders in an organization, can be a very effective tool for creating, disseminating and executing corporate strategy.Design/methodology/approachThe paper presents a model for narrative use by leaders and a practical guide to implementing the model.FindingsPreliminary and anecdotal data are presented to substantiation a case for leaders' use of narrative as an alternative means for conveying corporate strategy.Originality/valueImplications for the practical use of narratives by leaders are explored by this paper.
Emotional intelligence abilities and their relationships with team processes
Authors: Clarke Nicholas 
Published: February 2010

PurposeThis paper aims to identify whether relationships exist between emotional intelligence (EI) and specific teamwork behaviours that are associated with transition, action and interpersonal team processes using the ability model of EI.Design/methodology/approachA total of 68 MBA students comprising 13 randomly assigned teams completed a pencil and paper performance‐based test of emotional intelligence. Some 14 weeks later a score reflecting the extent team members engaged in a number of teamwork behaviours consistent with transition, action and interpersonal team processes was obtained from peer ratings.FindingsEmotional intelligence was found to explain direct and unique variance in transition and interpersonal team processes. However, only three individual branches of EI were found to be of any significance, and these differed in each instance.Practical implicationsThese findings add to the growing body of literature suggesting emotional intelligence may be an important aspect of individual difference amongst team members that can contribute to team effectiveness. Individuals with differing EI abilities may be particularly important to teams dependent upon the team's activity phase.Originality/valueThe paper shows that blanket assertions regarding the significance of emotional intelligence for team effectiveness are far too simplistic. Differing EI abilities are associated with particular teamwork behaviours, which in turn become important during different phases of team activity. The findings suggest a need for more sophisticated frameworks regarding how EI relates to specific cognitive, verbal and behavioural teamwork activities.
How much is too much?
Authors: Rozell Elizabeth J. , Scroggins Wesley A. 
Published: February 2010

PurposeThe primary purpose this paper is to empirically assess the efficacy of using an ability‐based measurement of emotional intelligence (EI) as a predictor of self‐managed work team satisfaction of undergraduate business students.Design/methodology/approachThe study explored EI as a predictor of group satisfaction using a sample of 74 undergraduate business students from a mid‐western university. Regression analysis was used to analyze the data.FindingsContrary to much of the literature regarding EI, the results indicate that higher levels of managing emotions and understanding emotions may significantly decrease certain facets of group member satisfaction for highly emotionally intelligent individuals.Research limitation/implicationsThe study employed a student sample, which to some degree raises questions of sample representativeness and generalizability of the results. Future research needs to use employee samples representative of workplace organizations to determine if the results reported here can be replicated in other samples. Additionally, future research may employ the use of larger sample sizes and qualitative approaches in order to confirm these findings.Practical implicationsOrganizations should be cautioned from using a blanket strategy of selecting those applicants with high EI. Based on the current study's findings, it is suggested that each team member's level of emotional intelligence on each dimension be considered.Originality/valueThe paper serves as an initial step toward filling the void in the literature regarding credible measurement of EI in team processes.
Effective teamworking: can functional flexibility act as an enhancing factor?
Authors: Fraser Kym , Hvolby Hans‐Henrik 
Published: February 2010

PurposeTwo of the most sought after properties in today's dynamic and competitive manufacturing environment are labour flexibility and effective teamworking. This is due in no small part to the growth of modern manufacturing philosophies which strongly advocate the need for both teamwork and flexibility. This paper aims to explore the impact of two labour flexibility strategies (functional flexibility and intra‐cell flexibility) on teamwork in a cellular manufacturing environment.Design/methodology/approachUsing a revised input/process/output (IPO) team effectiveness model a questionnaire was designed and a case study undertaken at a large Australian manufacturer. The knowledge, skills, and ability (KSAs) gained from job rotation (flexibility) was quantitatively tested against team processes and team performance.FindingsIt was found that functional flexibility had an overall stronger, significant effect on the five team processes tested (communication, conflict resolution, problem solving, goals and performance, tasks and planning) than did intra‐cell flexibility. In regards to output (team performance) functional flexibility performed better in areas such as customer delivery, inventory holdings and quality, while intra‐cell flexibility performed better in the area of absenteeism. An inconclusive result was obtained for the fifth output measure, efficiency rate.Research limitations/implicationsThe study was conducted at a single organisation, which limits the generalisation of the outcomes, therefore broader research on the area is recommended.Practical implicationsThe study provides evidence that the individual benefits of both functional flexibility and teamworking may be enhanced while being practised concurrently. With labour flexibility and teamwork being key factors in most modern organisations, the practical implications are much wider than the field of manufacturing.Originality/valueIndividually, the literature offers much on teamworking and flexibility but studies exploring the combined effects of these two important elements are rare, especially in the field of manufacturing. The present paper fills some of the gaps
Characterisation of rapid prototyping techniques for studies in cell behaviour
Authors: Maher P.S. , Keatch R.P. , Donnelly K. 
Published: February 2010

PurposeThe area of microfluidic systems has greatly enhanced the in vitro field of tissue engineering. Microfluidic systems such as microchannelled assays are now widely used for mimicking in vivo cell behaviour and studies into basic biological research. In certain cases engineered tissue cell design use 3D ordered geometrical configurations in vitro (such as microchannel assays) to reproduce native in vivo functions. The most common approach for manufacturing micro‐assays is now rapid prototyping (RP) technology. The choice of assay material is dependent on the proposed cell type and ultimately the tissue application. However, many RP technologies can be unsuitable for cell growth applications because of the construction methods and materials they employ. The purpose of this paper is to describe a comparison between two different RP 3D printing methods of fabrication and investigates the merits of each technology for direct cell culture applications using micro‐assays, while also examining the dispensing accuracy of both techniques.Design/methodology/approachUsing a Thermojet and Spectrum Z510 printer pre‐designed micro‐assays incorporating different size microchannels are dispensed. The base materials of both methods are examined for cytotoxic effects while in solution with primary tendon fibroblasts (PFB) cells. After obtaining favorable results from the toxicology experiments, PFB cells are seeded onto the thermojet structures with a view to investigate cell adherence, encapsulation and how the channel width influences cell alignment.FindingsThis research concluded that the thermojet had a higher degree of accuracy when manufacturing structures that incorporate microchannels when compared with the Spectrum Z510. Both techniques show that the accuracy of the build decreases with reduction in channel width. The fact that the Spectrum Z510 structures have to be infiltrated with a hardening glue as a post‐processing technique (since the dispensed material is water‐based and hence soluble) causes a cytotoxic effect compared to the thermojet plastic which is not cytotoxic in solution with PFB cells. Seeding the PBF cells directly onto the thermoplastic structure caused problems due to the hydrophobic nature of the material and this necessitated the technique of soaking the structures in a collagen bath to penetrate the surface and reduce the interactions of hydrophobic species enhancing cell attachment and proliferation. Without this coating the thermojet structures induced strong hydrophobic interactions at the surfaces of the microchannels with the culture media resulting in non‐attachment and poor cell mortality.Originality/valueThis research paper describes a comparison between the base materials and methodology of two 3D printing techniques for applications in basic biological studies. This is achieved by analysing the dispensing accuracy of both technologies and the interaction between cells and surface at the interface.