Managerial opportunism is commonly considered as destructive for the parties involved in an agency relationship. Using a formulation close to Jensen and Meckling’s equity model, we consider an agency relationship between a manager and an investor. The latter is assumed to benefit from a market power in terms of external funding opportunities. For high values of the prevailing rate of interest, ...

We study how both external corporate governance factors and internal corporate governance factors jointly affect the large shareholder’s takeover or monitor decision. The large shareholders monitor the management and have option to takeover the firm. External corporate governance forces impose stealing costs to the manager. In equilibrium, large shareholder’s takeover or monitoring decision, ta...

In this paper, success factors for wiki based information systems in organizations are discussed. Based on information system success factors which have been discussed in previous research, this study will present the conceptual framework of how to predict knowledge work intention on using a wiki based information system and what the wiki based information system’s success factors are by studyi...

Companies must have resources that provide competitive advantages and are important factors for success. There is a great variety of such resources—including information systems, concepts of participation, models, and organizational structures. These can be referred to as components of managerial practice. Each company can be characterized as having a unique configuration of tools that can be r...

With the reform of our property rights system, the maturity of the capital market, and the diversification of corporate financing, the capital structure decision has become the major concern of financial management. There are numbers of researches on how to determine the optimal capital structure, what factors affect the capital structure and what the relationship is like between the capital st...

Network pictures are perceived as providing a picture of a company’s position within a network and as providing managers with a framework for strategic decision making. This exploratory paper set out to investigate the application of network pictures of individuals from two companies involved in a business relationship. More specifically between companies and between individuals, it examines th...

This study uses survey data on several hundred automotive suppliers in North America to evaluate the determinants of inventory levels in high-volume discrete parts manufacturing. We assess the magnitude of raw materials, work-in-process, and finished goods inventories, as well as production lot sizes and through-put times. Results are broadly consistent with the EOQ formula and related models o...

Focus of this research was to describe talent management in public sector, especially influencing factors, challenges, and strategies. This applied descriptive qualitative analysis by combining library examining secondary data. There were four factors that played as influence, challenge, strategy implementation for i.e. (1) cultural, (2) human resource, (3) managerial/structural, 4) environment...

When assessing a fund manager’s skill, sophisticated investors will consider all factors (priced and unpriced) that explain cross-sectional variation in fund performance. We investigate which factors investors attend to by analyzing mutual fund flows as a function of recent returns. Investors attend most to market risk (beta), but treat returns attributable to size, value, momentum, and industr...

the aim of this study was to identify sport marketing barriers in iran from sport managers’ perspectives. the statistical population involved top managers of sport and youth ministry, national olympic committee and sport federations (n=80). sample was equal to the population and 67 questionnaires were returned correctly. a researcher-made questionnaire (with 40 items) was used to measure sport ...