scholarly journals Insider Ownership And Firm Performance: A Resource Dependence Perspective

2015 ◽  
Vol 31 (3) ◽  
pp. 861 ◽  
Author(s):  
Te-Kuang Chou
Keyword(s):  
Firm Performance ◽  
Large Scale ◽  
Resource Dependence ◽  
Empirical Relationship ◽  
Low Complexity ◽  
Resource Dependence Theory ◽  
Small Scale ◽  
Insider Ownership ◽  
Industrial Settings

<p>The purpose of this study is to examine the empirical relationship between insider ownership and firm performance. Based on resource dependence theory, this study argues that the positive convergence-of-interests effect and the negative entrenchment effect can coexist in various industrial settings.<strong> </strong>Fixed-effect panel data regression models are applied to a sample of 1,156 effective observations. To reflect the contextual role of resources, we defined industrial settings along with industrial complexity and firm scale dimensions. The empirical results supported our research hypotheses, showing that insider ownership exerts a positive effect on firm performance in a high-complexity and large-scale setting, but a negative effect in a low-complexity and small-scale setting. The results of this study imply that contextual fitness must be deliberately considered to determine effective regulations of corporate governance. In addition, this study contributes a new aspect to related discussion, which synthesizes conflicting theoretical arguments by introducing the contextual role of resources.</p>

scholarly journals CEO duality and firm performance: the moderating roles of CEO informal power and board involvements

2019 ◽  
Vol 16 (8) ◽  
pp. 1453-1474
Author(s):  
Chaminda Wijethilake ◽  
Athula Ekanayake
Keyword(s):  
Firm Performance ◽  
Sri Lanka ◽  
Board Of Directors ◽  
Large Scale ◽  
Resource Dependence ◽  
Listed Companies ◽  
Resource Dependence Theory ◽  
Ceo Duality ◽  
Content Type ◽  
The Board Of Directors

Purpose This study aims to draw on the resource dependence theory to synthesize the conflicting arguments as well as commonalities of the agency and stewardship perspectives on the relationship between CEO duality and firm performance. Design/methodology/approach Multiple regression analysis is used to analyze the data collected from a sample of 212 large-scale publicly listed companies representing 20 sectors in the Colombo Stock Exchange in Sri Lanka. Findings The research results based on all of 212 publicly listed companies in Sri Lanka show, in support of the agency theory, that CEO duality exerts a negative effect on firm performance when the CEO is equipped with additional informal power. Conversely, CEO duality exhibits a positive effect on firm performance when board involvements are high, a finding that supports the commonalities of the agency and stewardship theoretical perspectives. Practical implications By examining the governance practices and concepts in an Asian developing economy, this study provides insight into the power dynamics between the CEO and the board of directors in managerial contexts that are largely different from those in western countries. Originality/value This study expands the theoretical underpinning of corporate governance research by identifying the performance implications of CEO duality within the broad context of the resource provision of the board of directors and the informal power of CEOs.

scholarly journals Role of large-scale advection and small-scale turbulence on vertical migration of gyrotactic swimmers

2019 ◽  
Vol 4 (12) ◽  
Author(s):  
C. Marchioli ◽  
H. Bhatia ◽  
G. Sardina ◽  
L. Brandt ◽  
A. Soldati
Keyword(s):  
Vertical Migration ◽  
Large Scale ◽  
Small Scale ◽  
Scale Turbulence

scholarly journals Small-scale societies exhibit fundamental variation in the role of intentions in moral judgment

2016 ◽  
Vol 113 (17) ◽  
pp. 4688-4693 ◽  
Author(s):  
H. Clark Barrett ◽  
Alexander Bolyanatz ◽  
Alyssa N. Crittenden ◽  
Daniel M. T. Fessler ◽  
Simon Fitzpatrick ◽  
...  
Keyword(s):  
Moral Judgment ◽  
Large Scale ◽  
Narrow Range ◽  
Cross Cultural ◽  
Moral Judgments ◽  
Small Scale ◽  
Cultural Variation ◽  
Moral Assessment ◽  
Mitigating Circumstances

Intent and mitigating circumstances play a central role in moral and legal assessments in large-scale industrialized societies. Although these features of moral assessment are widely assumed to be universal, to date, they have only been studied in a narrow range of societies. We show that there is substantial cross-cultural variation among eight traditional small-scale societies (ranging from hunter-gatherer to pastoralist to horticulturalist) and two Western societies (one urban, one rural) in the extent to which intent and mitigating circumstances influence moral judgments. Although participants in all societies took such factors into account to some degree, they did so to very different extents, varying in both the types of considerations taken into account and the types of violations to which such considerations were applied. The particular patterns of assessment characteristic of large-scale industrialized societies may thus reflect relatively recently culturally evolved norms rather than inherent features of human moral judgment.

Societal discontent will increase in Bahrain

2021 ◽  
Keyword(s):  
Large Scale ◽  
Political Representation ◽  
Social Protest ◽  
Small Scale ◽  
Content Type ◽  
High Profile ◽  
Arab Uprisings ◽  
Base Level

Significance Although large-scale social protest in Bahrain has been cowed over the ten years since the ‘Arab uprisings’, small-scale demonstrations recur, reflecting a base level of discontent. Mobilising issues include economic pressures, limited political representation (especially of the Shia majority) and, most recently, ties with Israel. Impacts Despite protests, Israel’s and Bahrain’s respective ambassadors will keep up high-profile activity and statements. The authorities are likely to exaggerate the role of Iranian interference in order to deepen the Sunni-Shia divide. If Riyadh manages to extricate itself from the Yemen war, that could partly reduce the pressure on Manama.

scholarly journals ANALYSIS OF THE FUCTIONAL ROLE OF RICE MILLING COMPANY ON THE WELFARE OF RICE FARMERS IN THE SUB-DISTRICT BUAY MADANG TIMUR DISTRICT OKU TIMUR

Jurnal AKTUAL ◽  
2019 ◽  
Vol 16 (1) ◽  
pp. 47
Author(s):  
Aisah Aisah
Keyword(s):  
Large Scale ◽  
Raw Materials ◽  
Small Scale ◽  
Functional Roles ◽  
Medium Scale ◽  
Rice Farmers ◽  
Result Show ◽  
Rice Milling ◽  
Processing And Storage

Rice Milling Company is rice industry’s oldest and largest classified in Indonesia, which is able to absorb more than 10 million workers, handles more than 40 million tons of grain.  Rice Milling Company agro-industy is the central point, because this is where the main product is obtained in the form of rice and raw materials for advanced processing of food and industrial products.  Rice Miling Unit in the district of OKU Timur there is some skala, ranging form small-scale, medium-scale to large-scale.  Fuctional benefits of each different scale milling is also different.  The average rice farmers often sell gabahnya to the rice milling unit closest to the place residence, whether it is large-scale, medium and small.  Rice produced by the milling-grinding different quality.  Usually when a large-scale millimg yield of rice is cleaner than the other scale.  But it does not become a reference for milling grain milling usually depends on consumer demand.  The purpose of the study are : 1.  To determine levels of volume (tonnage) and the retention time of each service fuctional rice storage (barns) wich carried a different scale rice milling unit.  2.  To determine differences in the bebefits of economic transactions received by farmers and rice millers of different scale of business, especially when seen from the level of the milling costs, the purchase price of rice by rice milling unit, and the quality of milling services and service scale.  The result show that : the fuctional role of each is different milling.  Large-scale milling has three fuctional roles are : Processing, storage and distribution.  Medium-scale miling functional has two roles, namely : processing and distribution.  While small-scale rice milling unit has only two functional roles are : processing and storage.

ENVIRONMENTAL REGULATION IMPROVES THE FIRM PERFORMANCE IN THE PAPER INDUSTRY IN CHINA

2021 ◽  
pp. 1-32
Author(s):  
YONGLIANG YANG ◽  
LILI DING ◽  
YI LI
Keyword(s):  
Firm Performance ◽  
Positive Impact ◽  
Paper Industry ◽  
Average Treatment Effect ◽  
Small Scale ◽  
Positive Role ◽  
Firm Level ◽  
Innovation Ability ◽  
The Relationship

This research develops a difference-in-differences (DID) model to explore the relationship between environmental policy (The Measures for the Administration of Permits for the Discharge of Key Water Pollutants in the Huaihe and Taihu River Basins, MAPD) and the performance of firms involved in the paper and paper products industry (MPP) in China. Cost and innovation are introduced as mediators to explore the mediating effects. A firm-level dataset from 1998 to 2007 is adopted for empirical study. The findings support the positive role of the MAPD, and the average treatment effect is 0.016.The heterogeneity analysis shows that the MAPD exerts a positive impact on non-state-owned and small-scale enterprises, with coefficients of 0.018 and 0.021, respectively. Moreover, MAPD increases enterprise costs harming firm performance. On the other hand, it can promote firm performance by improving innovation ability.

Conclusion

2017 ◽  
Keyword(s):  
National Identity ◽  
Geographical Distribution ◽  
Crucial Role ◽  
Large Scale ◽  
Small Scale ◽  
Modern History ◽  
Late Modernity ◽  
History Of ◽  
Definition Of

This chapter extends the book’s insights about nature, technology, and nation to the larger history of the modern period. While the modern nation loses its grip as a locus of identity and analysis, attempts to understand the operation, disruption, and collapse of continental and global infrastructures continue to mix the natural and the machinic in ways that define them both. Those vulnerabilities emphasize large-scale catastrophe; historiographically, they mask the crucial role of small-scale failures in the experience and culture of late modernity, including its definition of nature. Historical actors turned the uneven geographical distribution of small-scale failures into a marker of distinctive local natures and an element of regional and national identity. Attending to those failures helps not only situate cold-war technologies in the larger modern history of natural and machinic orders; it helps provincialize the superpowers by casting problematic “other” natures as central and primary.

Board Gender Diversity and Firm Performance

2019 ◽  
pp. 302-311
Author(s):  
Reem Khamis ◽  
Elisabetta Barone ◽  
Adel Sarea ◽  
Allam Mohammed Hamdan
Keyword(s):  
Firm Performance ◽  
Institutional Theory ◽  
Agency Theory ◽  
Resource Dependence ◽  
Gender Diversity ◽  
External Environment ◽  
Resource Dependence Theory ◽  
Firm Level ◽  
Exogenous Factors ◽  
Board Gender Diversity

This chapter aims at investigating board gender diversity and firm performance by integrating two theoretical backgrounds (agency theory and institutional theory). Board gender diversity has been investigated by using firm level theories such as agency theory and stewardship theory. Resource dependence theory, which links the board to the external environment of the firm, was also implemented in order to better understand how board gender diversity would affect firm performance. However, results were inconsistent. This study tries to integrate agency theory with institutional theory under the assumption that firms are affected by endogenous and exogenous factors that would eventually affect its outcomes such as performance.

scholarly journals Partnership-Based Supply Chain Collaboration: Impact on Commitment, Innovation, and Firm Performance

2019 ◽  
Vol 11 (2) ◽  
pp. 449 ◽  
Author(s):  
Nina Shin ◽  
Sun Park ◽  
Sangwook Park
Keyword(s):  
Firm Performance ◽  
Financial Performance ◽  
Structural Equation ◽  
Resource Dependence ◽  
Resource Dependence Theory ◽  
Equation Modeling ◽  
Supply Network ◽  
Supply Chain Collaboration ◽  
The Impact ◽  
The Relationship

With increasing numbers of nodes and links in supply network relationships, understanding partnership management and the required level of collaboration is important for sustainable supply network alignment. This study explores the impact of partnership orientation on partnership commitment and firm performance using a model based on social capital theory and resource dependence theory. It aims to understand the appropriate partnership orientation for the desired level of commitment and firm performance, including innovation, operational, and financial performance. Using a survey of 423 respondents representing three different partnership structure types (supplier, buyer, and parallel-aligned firms’ perspectives), the relationship between partnership orientation and commitment in enhancing firm performance is investigated using structural equation modeling. Additional analysis identifies the moderating role of commitment and investment exchange on performance. The findings show that positive relationships between both investment and contractual-based partnership orientation positively contribute to partnership commitment, but the direct association between partnership commitment and firm performance type varies by partnership structure. Furthermore, (i) investment exchange level moderates the relationship between commitment and innovation and operational performance regardless of partnership structure type, (ii) negative investment exchange signals higher firm performance from the buyer firm’s perspective, and (iii) positive investment exchange is absolutely necessary for financial performance from the supplier firm’s perspective.

scholarly journals Variations of the Coronal Radiation in X-ray Related to Coronal Holes, Active Region Loop Systems, Bright Points

1994 ◽  
Vol 143 ◽  
pp. 159-171
Author(s):  
Ester Antonucci
Keyword(s):  
Magnetic Field ◽  
Spatial Distribution ◽  
Large Scale ◽  
Coronal Holes ◽  
Active Regions ◽  
Coronal Magnetic Field ◽  
Small Scale ◽  
X Ray ◽  
Coronal Structures

The coronal features observed in X-ray emission, varying from the small-scale, short-lived bright points to the large-scale, long-lived coronal holes, are closely associated with the coronal magnetic field and its topology, and their variability depends strongly on the solar cycle. Here we discuss the spatial distribution of the coronal structures, the frequency distribution of the brightness variations in active regions, and the role of magnetic reconnection in determining the variability of the coronal features, on the basis of the new observations of the soft X-ray emission recently obtained with the Yohkoh satellite and the NIXT experiment.

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