Current Search: Managerial economics (x)
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- Title
- An analysis of voluntary annual report disclosures of outsourcing: determinants and firm performance.
- Creator
- Premuroso, Ronald F., Florida Atlantic University, College of Business, School of Accounting
- Abstract/Description
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Outsourcing has become a significant factor in the U.S. economy over the past two decades. Annual report disclosures made by a firm related to outsourcing are voluntary disclosures. Understanding the determinants and firm performance implications of initial outsourcing annual report disclosures is important to capital market providers, standards developers, and to the firms themselves. I identify and study firms making initial voluntary disclosures of outsourcing in their annual reports on...
Show moreOutsourcing has become a significant factor in the U.S. economy over the past two decades. Annual report disclosures made by a firm related to outsourcing are voluntary disclosures. Understanding the determinants and firm performance implications of initial outsourcing annual report disclosures is important to capital market providers, standards developers, and to the firms themselves. I identify and study firms making initial voluntary disclosures of outsourcing in their annual reports on Form 10-K between 1993 and 2003 after they make non-annual report related public disclosures. Specifically, I investigate if determinants of the initial annual report disclosure decision and subsequent performance are associated with the initial disclosure. This study contends managers disclose information related to outsourcing in their annual reports to reduce information asymmetry and to minimize agency costs. I hypothesize and develop a firm-related variable commonly used in agency theory to test this assertion. Signaling theory and voluntary disclosure theory also explain the determinants for firm voluntary outsourcing annual report disclosures. I develop several hypotheses defining determinants potentially associated with the likelihood of initial annual report outsourcing disclosure decisions, and test these determinants using a conditional logistic regression model and a matched-pair group of firms making public outsourcing disclosures but not making annual report disclosure. Using signaling theory, I also develop hypotheses testing if the initial outsourcing annual report disclosure sends a signal regarding future firm performance--specifically testing firm performance measures related to profitability and cash flow. I test these hypotheses using OLS models and the same matched-pair group of firms. I find firms with high levels of debt, high total cost ratios, and high returns on assets are more likely to make initial annual report outsourcing disclosure., I also find firms may signal improvements in future levels of profitability when making the initial annual report outsourcing disclosure.
Show less - Date Issued
- 2008
- PURL
- http://purl.flvc.org/FAU/77650
- Subject Headings
- Offshore outsourcing, Contracting out, Economic aspects, Managerial economics, Organizational effectiveness
- Format
- Document (PDF)
- Title
- Antecedents and consequences of pay disparity between CEO and non-CEO executives.
- Creator
- Pissaris, Seema., Florida Atlantic University, College of Business, Department of Management
- Abstract/Description
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This dissertation investigates the antecedents and consequences to pay disparity between the CEO and non-CEO executives from an equity-based perspective. While the principles of agency theory suggest that CEOs are granted higher compensation packages to better align their motives to those of the firm's shareholders, empirical research has not supported a positive relationship between rising CEO pay and firm performance. Some results even suggest a negative relationship. This dissertation...
Show moreThis dissertation investigates the antecedents and consequences to pay disparity between the CEO and non-CEO executives from an equity-based perspective. While the principles of agency theory suggest that CEOs are granted higher compensation packages to better align their motives to those of the firm's shareholders, empirical research has not supported a positive relationship between rising CEO pay and firm performance. Some results even suggest a negative relationship. This dissertation argues that if organizational outcomes are determined by the integrated skills and talents of its dominant coalition, and if the management of a firm's trajectory is a shared process, then, the disparity in rewards between the CEO and those that work closest to him becomes an important area of study., The dissertation investigates the antecedents of pay disparity and proposes that the quality of a firm's governance marked by independent boards as well as higher levels of blockholders will be more likely to temper and better align the CEO's compensation and thereby reduce pay disparity. Empirical results support the major propositions as firms with independent Chairman of the Board, fewer interlocking directors, and higher levels of blockholders were found to have lower levels of pay disparity between the CEO and non-CEO executives. Pay disparity was tested both at the firm level and at the individual executive level and both were found have a significant effect on non-CEO executive turnover for up to two years., Central to the dissertation is a moderation model which proposes that pay disparity has a profound effect on an executive team's ability to integrate its diverse experience and educational background, and consequently, its capacity to respond strategically to its changing competitive landscape. The study examines the education, age, tenure and functional background of top management teams of Fortune 500 firms and finds support for the assertion that the positive relationship between heterogeneously composed teams and firm performance is contingent on rewards equality between the CEO and balance of the top team membership. The findings suggest that higher levels of pay disparity attenuate the negative aspects of cognitive diversity serving to impede the firm's competitive performance.
Show less - Date Issued
- 2008
- PURL
- http://purl.flvc.org/FAU/58009
- Subject Headings
- Chief executive officers, Salaries, etc, Corporate governance, Compensation management, Managerial economics
- Format
- Document (PDF)
- Title
- The Effects of Social Structure on Individual Actions: a Social Cognition and Social Structure Approach.
- Creator
- Knoche, Harry "Trip", Castrogiovanni, Gary J., Florida Atlantic University
- Abstract/Description
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This study examines the effects of epistemic motives and individual social structure (strength of social ties) on individual actions. lt has been suggested that the informal structure of relations that develops within firms affects the actions of individuals e effects of both epistemic motives and social structure are considered. The findings of this study suggest that information about the epistemic motives of employees can provide insight into the fonnation of the individual social...
Show moreThis study examines the effects of epistemic motives and individual social structure (strength of social ties) on individual actions. lt has been suggested that the informal structure of relations that develops within firms affects the actions of individuals e effects of both epistemic motives and social structure are considered. The findings of this study suggest that information about the epistemic motives of employees can provide insight into the fonnation of the individual social structures and the intrinsic desire of employees to take interdependent or independent actions. The effects of epistemic motives and individual social structure on individual actions, the organizing process and the formulation and implementation of strategies are discussed.
Show less - Date Issued
- 2010
- PURL
- http://purl.flvc.org/fau/fd/FA00000309
- Subject Headings
- Motivation (Psychology)--Social aspects, Social networks--Psychological aspects, Social capital (Sociology), Managerial economics, Economics--Moral and ethical aspects
- Format
- Document (PDF)