Today export diversification has become one of the most important economic objectives of development strategies in the developing countries. For various reasons, such as preventing instability in export prices of primary products in global markets, reducing fluctuations in exchanges of them compared with industrial goods, producing dynamic benefits resulted from exporting various goods and incr...

This study, conducted between 2016–2021 on Southeast Asian mining companies, introduces the Modified Enterprise Risk Management (ERM) Index (MERMi) to measure implementation of ERM based COSO 2017 principles. The study found that is influenced by industry competition, company complexity, international diversification, and financial leverage. Meanwhile, size along with positively impact firm per...

This research aims to explores the beneficial extension of Holdco strategy and formulates suitable meso-level strategies for PT Semen Padang. uses primary secondary data collection methods, identifies environments through generic frameworks, analyses qualitative thematic result as corporate business strategies. According research, set sales target in a top-down instruction without Padang's inte...

Recent studies have suggested that large firms diversify their technological competencies through a cumulative learning process oriented both to augmentation in new fields as well as to exploitation in new markets, the corporate networks created for this purpose justifying the expression “globalisation of innovation”. Given the international dispersion of the creation of new technology within m...

The literature relates human capital costs to firm leverage (Berk, Stanton, and Zechner (2010) and Chemmanur, Cheng, and Zhang (2013)) and mergers and acquisitions (Lee, Mauer, and Xu (2017)). In this paper, we study the relation between a firm’s human capital costs and investment policy. We first present a simple theoretical setting to illustrate the positive effects of risky investment on ave...

The organizational capabilities of the leading firms shape to a great degree the structural evolution of the pulp and paper industry. The phenomenal expansion and structural change of the North American pulp and paper industry between 1950 and 1980 exhibited many of the dynamic forces in play today, as well as resulting in an industrial organization for which the next challenge was globalizatio...

This paper develops an exchange-network perspective on corporate diversification and proposes two measures of corporate scope: structural closure and structural exposure. Structural closure focuses on exchanges of goods and services inside the firm and proxies for the potential costs of undertaking them through the market instead. By considering exchange relations inside the firm, this measure ...

Both authors contributed equally to the paper. The helpful comments of Ron Burt, Jerry Davis, Ranjay Gulati, Paul Hirsch, Mark Shanley, and Brian Uzzi are appreciated. This study seeks to reconcile traditional sociological views of the corporate board as an instrument of elite cohesion with recent evidence of greater board activism and control over top management. We propose that CEO-directors ...

Based on the works of Brockman and Turtle (2003) and Giesecke (2004), we proposed in this study a hybrid barrier option model with corporate capital gains tax which is free of problems within the structural model in explaining observed credit spreads. Our approach does not predict credit spreads that are too low for investment grade corporate bonds; neither does it predict credit spreads that a...

China is now the largest exporter of IT goods, surpassing the USA, up from a world ranking of tenth in the year 2000. But this ‘global factory’ model now faces new competitive challenges as globalisation transforms markets for technology and knowledge workers. This has forced China’s policy makers and corporate strategists to seek ways to move beyond the ‘global factory’ model. A brief review o...