The people make the process: commitment to employees, decision making, and performance

2001 ◽  
Vol 27 (2) ◽  
pp. 163-189 ◽  
Author(s):  
Danny Miller ◽  
Jangwoo Lee
Keyword(s):  
Decision Making ◽  
Information Processing ◽  
Financial Performance ◽  
Positive Impact ◽  
Three Dimensions ◽  
Decision Making Process ◽  
Uncertain Environments ◽  
Return On Assets ◽  
The People ◽  
And Performance

This study argues that a well designed decision making process will have its most positive impact on company financial performance when it is carried out by a capable, motivated and dedicated workforce. Prior research has determined that such a workforce can be developed via an organization’s commitment to its employees (OCE) in the form of ample training and compensation, fairness, and meaningful personal consideration. We argue that OCE will enhance financial performance where it is able to improve the quality of a decision making process that emphasizes ample information processing, collaboration, and initiative. Conversely, these three dimensions of decision making are expected to be of little value where OCE—and hence a capable and motivated workforce—are lacking. These expectations were borne out in our study of Korean companies. Specifically, we found positive associations between return on assets and the interactions between OCE and information processing, collaboration, and initiative, respectively. We found also that these interactions contributed the most to return on assets in uncertain environments, where effective information processing, collaboration and initiative were especially important.

scholarly journals Impact of Overconfidence and Loss Aversion Biases on Equity Investor’s Decision-Making Process and Performance

2018 ◽  
pp. 156-180
Author(s):  
Abdul Rauf ◽  
Muhammad Kashif Khurshid ◽  
Muhammad Afzal
Keyword(s):  
Decision Making ◽  
Behavioral Finance ◽  
Loss Aversion ◽  
Positive Impact ◽  
Investment Decision ◽  
Pearson Correlation ◽  
Decision Making Process ◽  
Behavioral Factors ◽  
Investment Performance ◽  
And Performance

This study investigates the behavioral factors that impact on equity investors’ investment decision making process together with investment performance at Pakistan’s Stock Markets. As in Pakistan, limited work is done in behavioral finance. This study is considered to add significantly to the advancement of this field in Pakistan. The study starts with the previous theories in behavioral finance. So, based on those theories, researchers develop hypotheses. After that, these hypotheses are tested through the questionnaires which are distributed to individual equity investors at Pakistan’s Stock Exchanges. Then the collected data are analyzed by using Exploratory Factor Analysis (EFA), Cronbach’s Alpha, Pearson Correlation Coefficient and Multiple Linear Regression (MLR) tests. The results show that there are two mainly behavioral factors: Heuristic Theory (Overconfidence Bias) and Prospect Theory (Loss Aversion Bias), affecting the investment decisions making process and performance of individual equity investors. Most of the sub-variables of both behavioral biases directly contain positive impact. But, when the mediating variable: decision making process was used; these biases contain high positive impact on the performance of equity investors which concludes the better decision-making ability of investors help them to improve their performance.

scholarly journals THE EFFECT OF THE CONSUMER DECISION-MAKING PROCESS ON THE PERCEIVED VALUE TOWARD SLOW FASHION

2021 ◽  
Vol 2 (1) ◽  
pp. 1-7
Author(s):  
Ionela-Andreea Puiu
Keyword(s):  
Decision Making ◽  
Brand Loyalty ◽  
Structural Equation ◽  
Positive Impact ◽  
Perceived Value ◽  
Three Dimensions ◽  
Decision Making Process ◽  
Consumer Decision Making ◽  
Slow Fashion ◽  
Positive Effect

Slow fashion designates a new paradigm in the clothing industry that promotes the importance of fashion goods realized with natural and durable products, empowering consumers to use the purchased clothes for a longer time, decreasing, in this case, the environmental and societal impact of fashion pieces. Even if it designates the opposite of fast fashion production, the slow fashion notoriety is not remarkably high among consumers. This study proposed to examine the effect of the consumers' decision-making process on the noticed value toward slow fashion. In this regard, we considered multiple decision-making constructs and tested their impact on consumers’ perceived value toward slow fashion. Also, we examined if there are discrepancies in the perceived value toward slow fashion based on gender. A survey was designed and administrated in Romania to a sample of 330 consumers aged between 18-25. We applied to the collected data exploratory analysis to identify the distribution of manifest variables into factors, followed by confirmatory factor analysis to test the performance of the obtained factors. Finally, we tested the proposed hypotheses using the structural equation model procedure. Were identified seven dimensions that compose the decision-making process of the consumers, namely, recreational shopping, perfectionism, brand knowledge, over choice confusion, fashion awareness, impulsive buying, and brand loyalty. Also, were found three dimensions that constitute the consumers' perceived value toward slow fashion, namely, emotional, social, and financial dimensions. The results showed that over choice confusion exhibits a positive effect on the emotional and financial value; fashion awareness manifests a positive effect on the social value, while brand loyalty manifests a positive impact on the financial value. In the case of gender impact on the emotional value, it was identified that, if a respondent is a female, the influence is positive and statistically significant.

INTEGRATED REPORTING AND FINANCIAL PERFORMANCE

2017 ◽  
Vol 16 (2) ◽  
pp. 101 ◽  
Author(s):  
Luk Pui Wen ◽  
Yap Kiew Heong, Angeline ◽  
Lim Chee Hooi, Simon
Keyword(s):  
Financial Performance ◽  
Business Model ◽  
Positive Impact ◽  
Listed Companies ◽  
Potential Contribution ◽  
Integrated Reporting ◽  
Return On Assets ◽  
Return On Equity ◽  
And Performance ◽  
International Integrated Reporting Council

ABSTRACT     Although the consciousness of Integrated Reporting (IR) is increasing within Malaysian companies, how IR creates value for their business is not completely understood. This paper attempts to investigate the potential contribution of IR implementation to the financial performance of the top 50 Malaysian public listed companies during the period of 2012 to 2015. The eight (8) IR content elements from the International Integrated Reporting Council (IIRC) framework are examined to predict the adoption rate of IR in relation to financial performance. This includes disclosure on organizational overview and external environment, governance, business model, risks and opportunities, strategy and resource allocation, performance, outlook, and basis of preparation and presentation. The data indicates that Malaysian PLCs reported more than 50% for every content element, except Basis of Preparation and Presentation (CE8).  Data analysis indicates that among the eight (8) content elements, four (4) of them, namely governance, business model, risks and opportunities, and performance disclosure, have significant positive impact on financial performances.  The finding of this paper provides insight into the contribution of IR in effecting the maintenance of business resilience and competitiveness in a fluctuating market. Therefore, this paper provides a significant impetus for implementation of IR among the Malaysian companies.     Keywords: Integrated Reporting, International Integrated Reporting Council, Malaysian Public Listed Companies, Return on Assets, Return on Equity

To Investigate the Critical Influencing Factors for Decision Making Process of Students Who Want to Study Abroad

2019 ◽  
Vol 118 (11) ◽  
pp. 619-624
Author(s):  
JueJueMyint Toe ◽  
Ali Abdulbaqi Ameen ◽  
Sui Reng Liana ◽  
Amiya Bhaumik
Keyword(s):  
Higher Education ◽  
Decision Making ◽  
Study Abroad ◽  
Education Level ◽  
Decision Making Process ◽  
International Level ◽  
Continuing Higher Education ◽  
Clear Trend ◽  
The People ◽  
Study Overseas

Myanmar is the developing country and its education system is not yet to international level. Hence, most of the young adults, who like to upgrade their knowledge global wide and to gain international recognized higher educational certificates, choose to study overseas rather than continuing higher education after their high education nowadays, that becomes the trend of young people to study overseas since the competency among the people is getting intense based on the education level in every industry. The purpose of this research is to understand that students’ decision making process of selecting university. The study will be conducted to see clear trend of Myanmar students’ decision making of studying in abroad. This research will cover the context of what is Myanmar students’ perception of abroad, how they consider among other countries and explaining those factors which determine Myanmar students’ choice and how they decide to study abroad.

scholarly journals Prognostic Genomic Tissue-Based Biomarkers in the Treatment of Localized Prostate Cancer

2022 ◽  
Vol 12 (1) ◽  
pp. 65
Author(s):  
Gianluca Ingrosso ◽  
Emanuele Alì ◽  
Simona Marani ◽  
Simonetta Saldi ◽  
Rita Bellavita ◽  
...  
Keyword(s):  
Prostate Cancer ◽  
Decision Making ◽  
Clinical Decision Making ◽  
Positive Impact ◽  
Wide Spectrum ◽  
Locally Advanced ◽  
Treatment Strategies ◽  
Quality Criteria ◽  
Localized Prostate Cancer ◽  
Decision Making Process

In localized prostate cancer clinicopathologic variables have been used to develop prognostic nomograms quantifying the probability of locally advanced disease, of pelvic lymph node and distant metastasis at diagnosis or the probability of recurrence after radical treatment of the primary tumor. These tools although essential in daily clinical practice for the management of such a heterogeneous disease, which can be cured with a wide spectrum of treatment strategies (i.e., active surveillance, RP and radiation therapy), do not allow the precise distinction of an indolent instead of an aggressive disease. In recent years, several prognostic biomarkers have been tested, combined with the currently available clinicopathologic prognostic tools, in order to improve the decision-making process. In the following article, we reviewed the literature of the last 10 years and gave an overview report on commercially available tissue-based biomarkers and more specifically on mRNA-based gene expression classifiers. To date, these genomic tests have been widely investigated, demonstrating rigorous quality criteria including reproducibility, linearity, analytical accuracy, precision, and a positive impact in the clinical decision-making process. Albeit data published in literature, the systematic use of these tests in prostate cancer is currently not recommended due to insufficient evidence.

scholarly journals PERANCANGAN DIGITAL DASHBOARD SYSTEM UNTUK MENYAJIKAN SENSITIVITY ANALYSIS KINERJA KEUANGAN PERUSAHAAN STUDI KASUS: PT XYZ

2012 ◽  
Vol 6 (2) ◽  
pp. 94
Author(s):  
Dana Indra Sensuse ◽  
Wiliam Suhaidir
Keyword(s):  
Decision Making ◽  
Sensitivity Analysis ◽  
User Interface ◽  
Financial Performance ◽  
Design Process ◽  
Decision Making Process ◽  
User Requirements ◽  
User Requirement ◽  
Corporate Executives ◽  
Income Statement

Penelitian ini membahas tentang perancangan Digital Dashboard System pada PT XYZ dan dampaknya pada perusahaan tersebut dalam hal pengambilan keputusan. Digital Dashboard dirancang untuk dapat menyajikan sensitivity analysis kinerja keuangan rugi-labarugi-laba PT XYZ. Pada penelitian ini, proses perancangan Digital Dashboard dimulai dari identifikasi variabel, identifikasi user requirement, perancangan user interface hingga proses pengujian. Hasil penelitian ini menunjukan bahwa Digital Dashboard yang baik harus dapat merepresentasikan data yang padat dengan tampilan yang efisien, menarik dan mudah untuk dimengerti. Penelitian ini juga menyatakan bahwa Digital Dashboard yang baik dapat meningkatkan efektifitas eksekutif perusahaan dalam proses pengambilan keputusan. This study discusses the design of the Digital Dashboard System on PT XYZ and its impact on the company in terms of decision making. Digital Dashboard is designed to provide sensitivity analysis of financial performance of PT XYZ's income statement. In this study, the Digital Dashboard design process starts from the identification of variables, identification of user requirements, designing the user interface to the testing process. The results of this study indicate that the good Digital Dashboard should be able to represent the solid data with the efficient view, attractive and easy to understand. The study also states that the good Digital Dashboard can improve the effectiveness of corporate executives in decision-making process.

scholarly journals President interlocking, family firms and performance during turbulent times: Evidence from Latin America

2016 ◽  
Vol 6 (2) ◽  
Author(s):  
Karen Watkins-Fassler ◽  
Virginia Fernández-Pérez ◽  
Lázaro Rodríguez-Ariza
Keyword(s):  
Latin America ◽  
Financial Performance ◽  
Latin American ◽  
Family Firms ◽  
Annual Data ◽  
Minority Shareholders ◽  
Return On Assets ◽  
Publicly Traded Companies ◽  
Turbulent Times ◽  
And Performance

n Latin America, company ownership is typically concentrated in the hands of controlling families, who build powerful business groups which facilitate interlocking practices. The purpose of this study is to examine how President interlocking relates with financial performance in Latin American firms, under uncertainty circumstances. Using regression analysis (panel least squares), the association between return on assets and President interlocking during turbulent times is analyzed. For the latter, annual data (2009–2010) from non-financial publicly traded companies in Chile (243 firms) and Mexico (89 firms) is employed. It is documented that President interlocking in Latin American firms is positively associated with financial performance. However, this effect is higher in Chile than in Mexico, where minority shareholders and other stakeholders are better protected against expropriation. This study increases the understanding of the strengths of President interlocks in stormy times, by introducing the Latin American context.

The Impact of Strategy And Structure On The Organizational Performance of Restaurant Firms

1988 ◽  
Vol 12 (2) ◽  
pp. 265-276 ◽  
Author(s):  
Eliza Ching-Yick Tse ◽  
Michael D. Olsen
Keyword(s):  
Organizational Structure ◽  
Financial Performance ◽  
Organizational Performance ◽  
Positive Impact ◽  
Strategy Implementation ◽  
Management Literature ◽  
Primary Means ◽  
Restaurant Firms ◽  
And Performance ◽  
The Impact

There is an increased emphasis in the management literature on the use of strategic management as the primary means of adapting organizations to their changing environments. for firms in the maturing hospitality industry to survive and succeed, they will have to depend upon their ability to strategically align themselves with the turbulent environment and select appropriate strategies to create defendable competitive positions. Success in strategy implementation depends partly on a proper match between strategy and organizational structure and this match is expected to have a positive impact on financial performance. This study was conducted to explore the relationships among strategies of restaurant firms, their organizational structure and financial performance. The top management team in 296 American multi-unit restaurant firms were surveyed. Results regarding relationships posited among strategy, structure and performance are presented.

Model to Estimate the Human Factor Quality in FLOSS Development

2015 ◽  
pp. 219-236
Author(s):  
Zulaima Chiquin ◽  
Kenyer Domínguez ◽  
Luis E. Mendoza ◽  
Edumilis Méndez
Keyword(s):  
Decision Making ◽  
Human Resources ◽  
Open Source ◽  
Open Source Software ◽  
Human Factor ◽  
Three Dimensions ◽  
Decision Making Process ◽  
Self Evaluation ◽  
Systemic Quality

This chapter presents a Model to Estimate the Human Factor Quality in Free/Libre Open Source Software (FLOSS) Development, or EHFQ-FLOSS. The model consists of three dimensions: Levels (individual, community, and foundation), Aspects (internal or contextual), and Forms of Evaluation (self-evaluation, co-evaluation, and hetero-evaluation). Furthermore, this model provides 145 metrics applicable to all three levels, as well as an algorithm that guides their proper application to estimate the systemic quality of human resources involved in the development of FLOSS, guide the decision-making process, and take possible corrective actions.

scholarly journals Corporate Social Responsibility in Nepalese Commercial Bank with reference to Bank of Kathmandu Limited

NCC Journal ◽  
2018 ◽  
Vol 3 (1) ◽  
pp. 90-99
Author(s):  
Laxman Raj Kandel
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Commercial Bank ◽  
Positive Impact ◽  
Positive Relation ◽  
Socially Responsible ◽  
The People ◽  
Corporate Social ◽  
Needs Planning

Corporate social responsibility (CSR) is all about companies managing their business process to produce the overall positive impact on the society. The interest for CSR has grown rapidly the recent years and people started to demand corporate social responsibility from the company. CSR is connected with corporate behaving ethically, morally and socially responsible towards the society. This research focuses on investigating why companies engage in CSR, how they apply CSR and how CSR can affect financial performance. It was found that the employees and the people in general do get motivated by their organization. All the respondents were very positive and energized about being part of the CSR activities provided with the opportunities. BOK Ltd has focused their CSR activities related with the health, education and environment with the name as BOK health, BOK education and BOK environment initiation. BOK has tried to cover the different aspect of essential factors in anyone’s life. Majority of the respondents’ views that CSR activities has the positive relation and can contribute on the financial performance of the company as it increases the good image and goodwill of the organization. CSR needs planning and proper implementation so that the society could actually have positive impact from CSR activities.In Nepalese context the organization do not emphasize in CSR activities rather they give priorities to earn more profit and flourish their business.NCC JournalVol. 3, No. 1, 2018, page: 90-99

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