Investment Management Contracts

2017 ◽  
Author(s):  
Gordon L. Clark ◽  
Ashby H. B. Monk
Keyword(s):  
Financial Management ◽  
Service Providers ◽  
Research Programme ◽  
Relational Contracts ◽  
Contractual Relationships ◽  
The Standard Model ◽  
And Performance ◽  
Geographical Scope ◽  
Management Contracts

Chapter 6 explores contractual relationships between financial institutions and their service providers. An explanation is given as to how and why these contracts are quite different from those that bind together firms and suppliers in commodity producing industries. Areas of financial management, how their geographical scope is sustained, and how they are governed in relation to the network of service providers within and across markets as vital topics in our research programme are discussed. The chapter provides further information about the standard model of contract, noting its underlying principles and the differences between discrete and relational contracts. In doing so, consideration is given to forms, functions, and performance and the role of jurisdiction in governing contractual relationships.

Halal logistics: practices, integration and performance of logistics service providers

2019 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Noorliza Karia
Keyword(s):  
Value Creation ◽  
Service Providers ◽  
Partial Least Square ◽  
Least Square ◽  
The Novel ◽  
Content Type ◽  
Logistics Service ◽  
Logistics Service Providers ◽  
And Performance

Purpose This paper aims to examine the halal value creation in halal logistics practices and halal logistics integration in delivering halal products and/or services by investigating the effects of halal logistics practices on halal logistics performance and the role of halal logistics integration as a mediator. Design/methodology/approach Partial least square is performed on a survey data of 129 Malaysian logistics service providers. Findings The novel findings affirm that halal logistics practices comprising of physical segregation of halal products from non-halal in halal warehousing, halal transportation and halal terminal positively affect halal logistics performance. The most novel finding is that halal logistics integration positively affect halal logistics performance and mediate, significantly the relationship between halal warehousing and halal transportation and halal logistics performance. Practical implications Managers/logisticians should aware that halal value creation in halal logistics practices have a positive effect on halal logistics performance and they should appreciate halal logistics practices and halal logistics integration to realize a better halal logistics performance towards halal logistics implementation. Originality/value The results draw the novel contributions of halal logistics practices and mediating effects of halal logistics integration between halal logistics practices and halal logistics performance that have never been published.

Internationalization and performance: the role of depth and breadth

2018 ◽  
Vol 31 (1) ◽  
pp. 91-104 ◽  
Author(s):  
Andres Velez-Calle ◽  
Fernando Sanchez-Henriquez ◽  
Farok Contractor
Keyword(s):  
Latin America ◽  
Financial Performance ◽  
Latin American ◽  
Content Type ◽  
Negative Effect ◽  
Internationalization Strategies ◽  
And Performance ◽  
Geographical Scope ◽  
The Relationship

Purpose The purpose of this paper is to analyze the relationship between multinationality and firm performance (M-P) in Latin American companies, commonly referred to as multilatinas. The study conceptualizes the depth (intensity) and breadth (geographical scope) of internationalization and examines their effect on financial performance. Although scholars have studied how internationalization in various contexts and industries affects performance, little is known about firms in Latin America. Design/methodology/approach The authors conducted an analysis of the effect of the depth and breadth of multilatina internationalization on financial performance by creating a database using information from America Economia, a specialized Chilean magazine that publishes an annual ranking of multilatinas. Additional data came from the Osiris database of Bureau Van Dijk and Compustat. The hypotheses were tested using an autoregressive heteroskedastic model. Findings The results show that the extent of the depth and breadth of internationalization affects financial performance. Multilatinas’ depth of internationalization has a curvilinear (U-shaped) impact on performance while breadth has an inverted curvilinear impact on performance. Research limitations/implications The theory portion and results expand the literature on firm internationalization and performance by distinguishing between two types of international firm expansion, depth and breadth, and discussing how each contributes to different stages of the three-stage theory of multinationality and performance. Originality/value The findings indicate that multilatinas benefit from their regional expansion, but outside Latin America, expansion has a negative effect on financial performance. They also show that firms can implement different types of internationalization strategies in terms of intensity and scope to achieve better performance.

scholarly journals PERAN AUDIT INTERNAL TERHADAP KEPATUHAN PERANGKAT DAERAH DALAM PENGELOLAAN KEUANGAN PADA KANTOR INSPEKTORAT DAERAH PROVINSI SULAWESI UTARA

2018 ◽  
Vol 14 (1) ◽  
Author(s):  
Thalia Amelia Constantie Rambing ◽  
Jantje J. Tinangon ◽  
Winston Pontoh
Keyword(s):  
Internal Control ◽  
Financial Management ◽  
Internal Audit ◽  
The North ◽  
North Sulawesi ◽  
The Government ◽  
And Performance ◽  
Management Functions ◽  
Control Apparatus

Internal audit is an activity carried out independently, objectively believes in its examination, and conducts consultations in management with the aim of increasing the value and performance of the organization. The role of internal audit which is APIP (Government Internal Supervisory Apparatus) plays an important role in the government system, namely as a function of controlling where APIP is given responsibility in evaluating and evaluating and carrying out management functions, namely planning, organizing functions, directing function and coordinating function. The purpose of the study was to determine the role of internal audits on the compliance of regional devices in financial management and how APIP is independent in carrying out supervision and inspection. The method used in this study is a descriptive method that is by collecting data from the results of the study and then analyzing and drawing conclusions from the research. The results of the study obtained that the North Sulawesi Province Inspectorate was very instrumental in overseeing the financial management of regional equipment. This is evidenced by the implementation of its functions in the Internal Audit as the Government Internal Control Apparatus (APIP) which oversees and oversees the planning, organizing, directing and coordinating of financial management by SKPD in North Sulawesi.Keywords: Internal Audit, Role of Audit, Independent

scholarly journals Accrual Accounting – an Untapped Opportunity to Measure the Performance of Budgetary Bodies

2021 ◽  
Vol 66 (Special edition 2021/2) ◽  
pp. 52-74
Author(s):  
Tamás Borbély ◽  
Mária Szikszainé Király ◽  
Sándor Kakas
Keyword(s):  
Organizational Performance ◽  
Financial Management ◽  
Practical Experience ◽  
Accounting System ◽  
Target Setting ◽  
Raising Awareness ◽  
And Performance ◽  
Further Development ◽  
Source Of Information

Hungary’s public accounting system underwent a significant reform in 2014. The reform meant not only a change in accounting, but also a new opportunity to support sustainable financial management and the measurement of organizational performance. In order to gather practical experience, a research was carried out by the State Audit Office of Hungary. In the areas selected during the research, based on the results of the survey, accrual-based accounting was only partially integrated into the accounting profit and return calculations of individual activities, and, especially in the case of smaller organizations, it did not exceed the mandatory, administrative role stipulated by law. Accrualbased accounting typically did not support the measurement of organizational performance. Further development can be carried out in terms of increasing the role of governing bodies in order to achieve target-setting, measurement and reporting along the same principles, as well as raising awareness. Moreover, in order to support organizational performance measurement, it may be necessary to develop a sectoral system of task and performance indicators, for which accrual-based accounting can become an important source of information.

scholarly journals Tracking user satisfaction of rural water services in northern Ghana

2018 ◽  
Vol 8 (2) ◽  
pp. 307-318 ◽  
Author(s):  
T. C. Kumasi ◽  
Benjamin Dawurah Agbemor
Keyword(s):  
User Satisfaction ◽  
Financial Management ◽  
Service Providers ◽  
Northern Ghana ◽  
Water And Sanitation ◽  
Service Levels ◽  
Water Users ◽  
Lack Of Information ◽  
And Performance ◽  
District Assemblies

Abstract The article discusses the level of user satisfaction with actual handpump service levels and performance of service providers. In this paper, we outline some contradiction between actual service levels, performance of service providers and perception of water users. The findings suggest that users appeared satisfied with quantity and reliability of water facilities. In contrast, they were not satisfied with the time it takes them to access water, especially when the quantity of water diminishes. The sad irony is that tariffs are perceived affordable yet users are unwilling to pay for water. Their responses paint a picture of a payment system that is geared at reactive maintenance over preventative maintenance regime. It is worth noting here that this phenomenon raises questions on the sustainability of water systems when sound financial management is key to sustaining services. Service providers were perceived to perform better than they actually did. Perhaps this was due to lack of information and ignorance on the roles of service providers. In this regard it is imperative that the Community Water and Sanitation Agency (CWSA), implementing partners, the district assemblies and Water and Sanitation Management Teams (WSMTs) take steps to address the technical, social, financial and institutional factors during the planning, implementation and post-construction support which invariably affect sustainability.

scholarly journals Integrated Service for Empowerment: The Assessment of P2TP2A in 16 Provinces

2019 ◽  
Vol 24 (1) ◽  
pp. 53
Author(s):  
Retno Agustin ◽  
Bella Sandiata ◽  
Indriyati Suparno ◽  
Samsidar Samsidar
Keyword(s):  
Women Victims ◽  
Violence Against Women ◽  
Service Providers ◽  
National Commission ◽  
Complex Needs ◽  
The Government ◽  
Victims Of Violence ◽  
And Performance ◽  
Integrated Service

The increasing number of violence against women every year raises question about the effectiveness of intergrated service programs for the women victims of violence. The government established the Integrated Service Center for Women and Children Empowerment (P2TP2A) in 2002 supported by National Commission on Violence against Women (KOMNAS Perempuan) in the effort to provide protection and empowerment of women victims of violence. However, the increasingly diverse forms of violence against women have resulted in complex needs of the victims. The question arises whether the function and performance role of P2TP2A has fully answered the needs of victims or not. This article focuses on assessments conducted by KOMNAS Perempuan and Forum Pengada Layanan (FPL) in 16 provinces to re-examine the role of P2TP2A's functions and performance in meeting the needs of victims. Based on the findings of the assessment, there are still shortcomings in the system and performance of P2TP2A in providing victims’ needs, such as lack of awareness as service providers, coordination problems among institutions and limited budget. This assessment uses in-depth interviews and document studies, by including the lessons from the P2TP2A Surakarta city, Bandung district and Central Java Province.

Intermediary Services in the Markets for Technology: Organizational Antecedents and Performance Consequences

2008 ◽  
Vol 29 (7) ◽  
pp. 1003-1035 ◽  
Author(s):  
Ulrich Lichtenthaler ◽  
Holger Ernst
Keyword(s):  
Open Innovation ◽  
Service Providers ◽  
Organizational Boundaries ◽  
Industrial Firms ◽  
Market Inefficiencies ◽  
Innovation Intermediaries ◽  
Performance Consequences ◽  
Organizational Antecedents ◽  
And Performance

The external commercialization of technology assets, e.g. by means of out-licensing, has recently gained in importance. Despite this increase in technology transactions, many industrial firms experience major managerial difficulties in outward technology transfer because of imperfections in the markets for technology. Drawing on a resource-based perspective, we therefore analyse whether firms can overcome market inefficiencies by relying on innovation intermediaries such as consulting companies and internet platforms. We test five hypotheses regarding organizational antecedents and performance consequences of intermediary services with data from 152 firms spanning multiple industries. The empirical findings show that industrial firms need to develop internal competencies of externally leveraging technology. External service providers are a complement rather than a substitute for internal activities. Accordingly, the role of technology intermediaries as general facilitators of interorganizational technology transactions has to be questioned. On this basis, the study has major implications for research into intermediaries, technology exploitation, licensing, open innovation and organizational boundaries.

Trace nanoanalysis

1994 ◽  
Vol 52 ◽  
pp. 940-941
Author(s):  
D. E. Newbury ◽  
R. D. Leapman
Keyword(s):  
High Performance ◽  
Secondary Ion Mass Spectrometry ◽  
Detection Efficiency ◽  
Volume Element ◽  
And Performance ◽  
Trace Constituents ◽  
Secondary Ion ◽  
Concentration Levels ◽  
Structure Properties

Trace constituents, which can be very loosely defined as those present at concentration levels below 1 percent, often exert influence on structure, properties, and performance far greater than what might be estimated from their proportion alone. Defining the role of trace constituents in the microstructure, or indeed even determining their location, makes great demands on the available array of microanalytical tools. These demands become increasingly more challenging as the dimensions of the volume element to be probed become smaller. For example, a cubic volume element of silicon with an edge dimension of 1 micrometer contains approximately 5×1010 atoms. High performance secondary ion mass spectrometry (SIMS) can be used to measure trace constituents to levels of hundreds of parts per billion from such a volume element (e. g., detection of at least 100 atoms to give 10% reproducibility with an overall detection efficiency of 1%, considering ionization, transmission, and counting).

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