When does corporate diversification matter to productivity and performance? Evidence from East Asia

Abstract The purpose of this paper is twofold. The first part examines trends in revenue policies across South East Asia in the early decades of the twentieth century. It is argued that, by the 1920s, there were quite striking differences in revenue policies and performance across the region. The paper examines the reasons for these differences, paying particular attention to the conflicting demands placed on the various colonial administrations by conditions within the colonies, as well as by the changing priorities of the metropolitan governments. The second aim of the paper is to examine the impact of the transition to independence on revenue policy and performance. It is often thought that in most parts of Asia, the advent of political independence led to a greatly expanded role for government in the economy. While it is true that many newly independent countries had ambitious plans for government as the lead actor in promoting rapid economic development, in fact in several countries in South East Asia, it proved very difficult to increase revenues in real terms. The reasons for this are explored in the paper.

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Corporate Diversification in East Asia: The Role of Ultimate Ownership and Group Affiliation

10.1596/1813-9450-2089 ◽

1999 ◽

Cited By ~ 4

Author(s):

P. H. Larry Lang ◽

Joseph P. H. Fan ◽

Stijn Claessens ◽

Simeon Djankov

Keyword(s):

East Asia ◽

Corporate Diversification ◽

Group Affiliation ◽

Ultimate Ownership

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MUSIC(S) OF THE WORLD AS AN ONLINE EFL RESOURCE: A Japanese EFL classroom experience

Englisia Journal ◽

10.22373/ej.v7i2.6325 ◽

2020 ◽

Vol 7 (2) ◽

pp. 102

Author(s):

Kim Rockell

Keyword(s):

East Asia ◽

Online Courses ◽

Language Instruction ◽

Computer Assisted ◽

Language Resources ◽

Global Features ◽

The World ◽

Elective Course ◽

The Rich ◽

And Performance

This research considers how the study of musical performances from around the world can be drawn upon as a useful resource for language instruction, particularly in EFL Japanese university classrooms. This study shares the insights gained from literature reviews combined with the researcher’s teaching experiences on the advanced English elective course of Computer Assisted Ethnomusicology. This work was carried out over a five-year period between 2013–2018 at a university in the Tohoku region of Japan, based on a course that focused on the music and culture found in Oceania, South East Asia, East Asia, Africa and North America. This study identifies the language resources present within the ethnomusicological content, and identifies the ways it can help awaken learners to the rich variation that exists among the cultures of the world, and highlighting the way local and global features combine in the ‘glocal.’ In addition to digital applications, approaches introduced in the study also include the combination of high and low contact activities based on ethnomusicological resources. This helps to emphasize how Massive Open Online Courses (MOOCs), and open source multimedia make it possible to approach musical song texts and discourses that surround musical practice and performance and apply these to EFL teaching.

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Geographic and Industrial Corporate Diversification: The Level and Structure of Executive Compensation

Journal of Accounting Auditing & Finance ◽

10.1177/0148558x0201700101 ◽

2002 ◽

Vol 17 (1) ◽

pp. 1-24 ◽

Cited By ~ 17

Author(s):

Augustine Duru ◽

David M. Reeb

Keyword(s):

Executive Compensation ◽

Ceo Compensation ◽

Performance Criteria ◽

Corporate Diversification ◽

Geographic Diversification ◽

Compensation Contracts ◽

Industrial Diversification ◽

Diversification Strategies ◽

Ceo Pay ◽

And Performance

We explore the relation between corporate diversification and CEO compensation. We document that geographic diversification provides a compensation premium, while industrial diversification is associated with lower levels of CEO pay. We also examine the effect of corporate diversification on the structure and performance criteria of CEO compensation contracts. We find that both diversification strategies are associated with a greater use of incentive-based compensation and with a greater reliance on market-based, rather than accounting-based measures of firm performance. Finally, we address the question of whether shareholders reward CEOs for corporate diversification. We document that while value-enhancing geographic diversification is rewarded, non-value-enhancing industrial diversification is penalized.

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