Articles

To what extent is the varieties of capitalism framework transferable? The example of the political economy of Thailand.

Author(s):

Chris Rowley

 et al.

There are common calls for economies to 'upgrade' and 'upskill' and move up the value chain. On this basis, the research here highlights the importance of integration and the inter-locking nature of business systems. It then examines the 'varieties of capitalism' (VOC) in respect of its wider applicability, particularly to Asia, using Thailand as an example. Finally, the influence of national cultural values is highlighted, as they prove a crucial element in any VOC analysis.

Updated: 17/12/2012
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Views: 2,553

Employer disability practice in Britain: assessing the impact of the Positive About Disabled People ‘Two Ticks’ symbol

Author(s):

Kim Hoque

 et al.

Awarded to employers by Jobcentre Plus, the Two Ticks symbol is intended to help disabled job applicants identify employers that have made positive commitments regarding the treatment of disabled people within recruitment, training and retention processes. This paper assesses the extent to which employers displaying the Positive About Disabled People 'Two Ticks' symbol adhere to their commitments, and whether adherence is greater in Two Ticks than non-Two Ticks workplaces. It also assesses levels of support for and dialogue with Disability Champions in Two Ticks workplaces. These issues are explored in the public and private sectors separately.

Updated: 12/12/2012
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Views: 1,443

Line management and Rewards in China’s knowledge intensive industries

Managers play a significant role in the adoption, modification, and even discontinuation of pay for performance. However, there has been no existing literature on the contributions of line managers to pay for performance practices in the Chinese context. This paper explores line managers' perception of pay for performance and the key supports and barriers to their involvement in pay for performance design and implementation. A multi-case study approach was conducted in 12 non-public sector knowledge intensive firms, aligned with semi-structured interviews with HR and line managers. The findings show that project intensification could be an important factor that impacted on line managers' understanding and responsibility in pay for performance.

Updated: 06/05/2013
Comments: 3
Views: 2,752

Early Warning Systems – Building Human Capital Risk Assessment Capabilities in Financial Regulators

Author(s):

Chris Rowley

 et al.

Following the devastating Boxing Day Tsunami of 2004, steps were taken to coordinate an Indian Ocean tsunami early warning system. These early warning systems have been triggered several times since their implementation, and consequently damage has been minimised and averted. This paper identifies the need for equally robust early warning systems for financial markets.

Updated: 06/12/2012
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Views: 1,058

Why managing a successful pension scheme is a bit like managing a successful football team.

What are the similarities between a defined benefit pension plan and a football team? On the face of it there may not seem to be many. After all, the football world is populated by overpaid, badly behaved, play acting prima donnas. A far cry from the sober and serious world of defined benefit pensions, where trustees devote huge amounts of their time in the interests of others, for little of no financial reward. However, Professor Andrew Clare draws some interesting analogies between the two.

Updated: 05/12/2012
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Views: 1,122

How much core-business knowledge should our leaders have?

One of the great, unanswered questions in business is how much a leader needs hands-on, nuts-and-bolts knowledge of the core business. Who would most likely lead the company to success - the technical expert or the polished generalist? This research examines how much genuine expertise is an advantage in the succsesful running of a business, and how simply being a capable manager may not be sufficient.

Updated: 29/04/2013
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Views: 1,248

Unions, joint regulation and workplace equality policy and practice in Britain: evidence from the 2004 Workplace Employment Relations Survey

The impact of trade unions on discrimination and labour market inequality has been a matter of public concern for many years. Recently, however, observers have suggested that unions have increasingly sought to prioritise equality matters. There is a growing expectation, for example, that they will actively bargain over equality and encourage employers to adopt equality practices in order to protect workers from discrimination. Hence, unions may now have a central role to play in advancing the equality agenda and ultimately helping promote a more inclusive society. This article provides an empirical assessment of the relationship between unionisation and the adoption of equal opportunities policies and practices in British workplaces, using data from the 2004 Workplace Employment Relations Survey.

Updated: 30/11/2012
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Views: 1,141

Founders, Private Equity Investors and Underpricing in Entrepreneurial Initial Public Offerings


One of the most important events in the life of an entrepreneurial firm is when it undergoes an Initial Public Offering (IPO). Underpricing of the stock at the IPO is the difference between the initial price at which a firm's stock is offered and the closing price of the stock on the first day of trading. It is a major concern to the entrepreneur and firm since it represents value the market ultimately sees in the stock but which the firm/entrepreneur did not obtain when the stock was first offered for sale. This paper examines IPO underpricing in a sample of UK entrepreneurial IPOs where founders retain a significant ownership stake.

Updated: 27/11/2012
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Views: 954

The Impact of Private Equity on Management Practices in European Buyouts: Short-termism and Anglo American Effects

Author(s):

Nicolas Bacon

 et al.

Private equity firms are accused of increasing the short-term performance of buyouts by reducing investments in human capital. To explore this issue, this paper presents findings from the first representative pan-European survey of managers' perceptions of the impact of private equity on management practices in buyouts. Managers report that private equity investment results in an overall increase in high performance work practices (HPWPs), and the increase is greater where private equity firms anticipate a late exit. Anglo-American private equity buyouts are just as likely to introduce new HPWPs as non-Anglo-American private equity backed buyouts, and also extend financial incentives to cover a greater proportion of employees.

Updated: 23/11/2012
Comments:
Views: 1,170