Can Managing Overseas Experience Improve Investment Efficiency

The efficient investment of enterprises is inseparable from the professional ability of managers. It has been found that the overseas experience of corporate executives can improve the investment ability of managers.This paper takes Shanghai and Shenzhen A-share listed companies from 2004 to 2020 as the research object, and investigates whether managers' overseas experience can improve the investment efficiency of enterprises. The empirical analysis results show that enterprises with overseas managers can improve the phenomenon of over investment, but the impact on the underinvestment is not significant.Based on the empirical results, it is found that the characteristics of managerial returnees have different impacts on enterprises in different industries. Compared with export-oriented enterprises, the characteristics of managerial returnees have more significant impacts on export-oriented enterprises.The reason for these results may be that managers' overseas experience is more conducive to the development of non-export-oriented enterprises.

EDAS method based on cumulative prospect theory for multiple attribute group decision-making under picture fuzzy environment

For the long-term development of shopping mall, the managers of shopping mall tend to build a new store to expand the enterprise’s market share in a new city. After holding a preliminary survey of the city, managers have initially identified five sites for construction. In order to select an optimal site, managers invite four experts who come from university, marking statistics, corporate executives and accounting to score sites. And they choose the best site on the basis of scores. The trait of EDAS method is to select an optimal alternative by using the distance of each alternative from the first-rank value. In this manuscript, we build the picture fuzzy EDAS method based on the cumulative prospect theory (PF-CPT-EDAS) for multiple attribute group decision-making (MAGDM) and it can help managers to choose an optimal alternative effectively. During the procedure of PF-CPT-EDAS means, we take advantage of the entropy means to calculate the original weights of all attributes. Ultimately, we testify the effectiveness of the novel model by comparing the overcome of PF-CPT-EDAS means with the results of PF-EDAS approach and other methods.

The Evolving Concept of the Japanese Security Strategy

This chapter studies how the significant cyberattacks perpetrated against the Japan Pension Services (JPS) served to heighten awareness of the significance of cyber threats among political and corporate executives. According to the Japanese cybersecurity strategy, cyberattacks constitute a global risk and remain a prime concern for the development of appropriate countermeasures. As a result, Japan has regarded the strengthening of cybersecurity as a priority and outlined this to the National Security Council in 2014. At present, information security institutions in Japan are chaperoned by the cybersecurity strategy headquarters, which aims to promote constructive and efficient cybersecurity policies. In addition, Japan has implemented its third action plan on information security for critical infrastructure and revised its cybersecurity strategy in 2015. By working in partnership with countries around the world, Japan pursues its own national security as well as the peace and stability of the international community. International cooperation and partnerships also contribute to the international campaign against cyberattacks, especially those in which foreign state actors may be implicated.

Philippine private sector response, strategies, and state-business relations toward economic recovery and growth post-COVID-19

The Philippines was among the fastest-growing economies averaging within the 6.5 percent GDP growth in the past five years. However, the COVID-19 crisis brought major disruptions to the Philippine economy as growth, employment, and overall productivity fell into recession levels along with the declaration of a nationwide lockdown. As the pandemic resulted in a series of business closures, supply chain breakdowns, and massive job cuts, the private sector was forced to confront the challenges brought by the pandemic including its threat to business continuity and survival. This article presents the private sector's assessment of the pandemic's impact on the Philippine economy along with their views on the national pandemic response and the extent of public-private collaborations in countering the effects of COVID-19. Following the insights and experiences shared by industry leaders and other corporate executives, this article also discusses pivots in corporate strategy along with a significant shift in corporate mindset toward new ways of doing business and fulfilling their responsibilities in society.

Could Executive Compensation Incentive Enhance the Efficiency of Enterprise Resource Allocation? An Empirical Study from China

Corporate executives have the decision-making power of resource allocation, and efficient resource allocation is an important measure of high-quality development of enterprises. It is a focal issue whether the compensation incentive can promote the executives to make better use of the enterprise resource allocation. We investigate this question using the data of the Chinese listed companies in 2015–2019 based on Data Envelopment Analysis (DEA) and fixed effect model. The results show the following: (1) both monetary compensation incentive and equity incentive can significantly improve the efficiency of resource allocation, and the former is more significant; (2) there is an inverted U-shaped relationship between perquisite consumption incentive and resource allocation efficiency; (3) the above conclusion is still true in state-owned enterprises; (4) in private enterprises, the effect of equity incentive is more effective, but the effect of perquisite consumption incentive is less significant. The results highlight the relationship between compensation incentive and enterprise resource allocation. Our study is expected to guide the executives to formulate reasonable compensation incentives and improve the efficiency of resource allocation.

The Land Rover “Guest experience” marketing concept

Purpose An experience marketing case: Land Rover Ltd. transformed the test drive into a personal learning and loyalty experience for their customers and potential customer “Guests” at a global network of Land Rover Experience Centres. Design/methodology/approach The Land Rover Experience platform, in the marketing role it has today, started to take shape in the late 1990s when the author and his associates began to craft it into a viable business strategy. As a case study, it offers executives a how-to guide to “marketing experiences.” Findings Land Rover enthusiasts and owners consider themselves Land Rover people but many need off-road training to familiarize themselves with all the car’s features used in rough terrain driving. Practical implications Two decades after pioneering the program, when the author retired in 2019, there were over 65 experience operations in place with more than one million Guests a year actively participating in Jaguar and Land Rover experience programs around the world. Originality/value The question for corporate executives should not be “How do we build Guest experiences into our marketing plan?” In many businesses the question needs to be “How do we build our marketing plan around rich and memorable Guest experiences?” Contribution to Impact

The Liability of Tribe in Corporate Political Activity: Ethical Implications for Political Contestability

Political contestability is an important issue in the ethical analysis of corporate political activity (hereafter CPA). Though previous studies have proposed analytical frameworks for creating contestable political systems, these studies conceive firm-level factors such as size and wealth as the main (and perhaps, only) determinants of contestability. This relegates the influences of informal managerial-level attributes such as tribalism, especially in ethnically diverse contexts where politics and tribe are inseparable. In this article, I explore the linkages between managers’ tribal identity and political contestability among firms in Ghana. I found that contestability is affected by tribal consonance (similarity) and tribal dissonance (difference) between corporate executives and policymakers. I also found that dissonance creates liability of tribe, which causes contestability problems in all four stages of the CPA process—i.e., political planning, political access, political voice, and political influence. Overall, this article extends the micro–macro link of political connections from performance to the ethics of political competition and contestability. It offers important contributions to the literature, advances insightful implications for practice, and outlines useful future research directions.

Social responsibility-related governance disclosure: exploration of managerial perspective in a developing country

Purpose This study aims to explore corporate managers’ perspectives regarding the disclosure (non-disclosure) of social- and environment-related governance information. Design/methodology/approach Insights into corporate managers’ perspectives are explored by conducting in-depth personal interviews with senior corporate executives of textile and garment companies in Bangladesh. Findings This study establishes that the use of traditional media, such as corporate annual reports, for corporate social responsibility (CSR)-related governance information disclosure can be limited in particular situations, including the case of garment companies, wherein the provision of extensive governance information is necessary, and the information users find special purpose reports, e.g. social audit reports, more comprehensive, credible, and beneficial than annual reports. The results reveal that corporate managers of Bangladeshi supply companies are motivated by financial returns, and they aspire to ensure that buyers (powerful stakeholders) obtain the required CSR-related governance information; this is neither driven by corporate accountability nor transparency. Upon using the managerial branch of the stakeholder theory, the result of this study shows that corporate managers are influenced by powerful stakeholders when they make decisions vis-à-vis the provision of CSR-related governance information. Originality/value This study provides an implication for academics and practitioners toward understanding that corporate managers often provide substantive disclosures of CSR-related governance information through alternative media that have not been previously documented in the literature. Herein, a metaphor – veil – is used to illustrate the visibility gap between societal expectations and managers’ perspectives.