In all sectors, whether public or private, there is mounting pressure to do more with less, not just for reasons of fiscal austerity, but because certain ways of doing things have become unsustainable or obsolete. In the case of health care, it's a question of making better use of available resources through innovation. To understand which innovation initiatives will be successful, it is paramount that each and every aspect of a project is explored in depth. This is the thinking behind the InnPACT framework, developed by the IESE/Accenture Center for Research in Health-Care Innovation Management (CRHIM). Traditionally, health-care innovation has tended to be analyzed in terms of costs versus benefits, or shareholders versus customers. InnPACT takes a more holistic approach, providing a standardized way to describe, evaluate and compare health innovation, using a 360-degree assessment tool that takes account of all stakeholders. Using numerous examples drawn from health-care initiatives in Europe and the United States, this article outlines the basic steps to follow to ensure a better quality of life for your own innovation efforts. Though conceived for the health-care sector, the principles behind the InnPACT framework can be applied to other sectors.
Comptabilité et analyse financière est un ouvrage d'introduction à la comptabilité financière, comptabilité et analyse financière. Une approche internationale adopte le point de vue de l'utilisateur des documents comptables publiés par les entreprises. Plutôt que d'imposer une solution réglementaire à chacune des difficultés d'évaluation et de communication, l'ouvrage analyse la logique économique du problème et en identifie les solutions théoriquement possibles. Il explique les répercussions de chacune de ces solutions
Journal of Management Accounting Research
Top management of a multidivisional firm needs to strike a balance between providing transfer pricing autonomy to divisional managers and retaining some level of control to prevent dysfunctional behavior. Little empirical evidence exists on how top management makes this trade-off. Drawing on agency theory, we predict that transfer pricing autonomy is influenced by intermediate product standardization, foreign investment, tax rate difference, and the weight on firm-level performance measures in the divisional manager's performance evaluation. We also predict that the extent of mismatch between transfer pricing autonomy and organizational characteristics leads to lower perceived fairness and perceived transfer pricing effectiveness by divisional managers. Using data collected from a cross-sectional survey of 210 divisional managers, we find results consistent with our predictions.
Since going from HR Director to Managing Director of Harmony World Watch Center, Jane Fountain has received awards for her marketing theory and management innovation. As she tells IESE Prof. Jaume Ribera, companies can face the future without fear if they enlist the help of their greatest asset -- their people -- and devote themselves to learning a little more day by day.
Academy of Management Proceedings
We study the antecedents and outcomes of ethical reputation building in environments where corruption is widespread. We conduct two in-depth studies of firms in India and Zimbabwe that chose to resist corruption and survived for extended time periods. We show that founder characteristics, industry characteristics, the nature of corruption resisted, and membership of a social group (religion in this case) are important antecedents of the speed and extent of ethical reputation building. These antecedents also influence the pattern of resource commitments that the focal firms are able to enjoy as a result of having built ethical reputations.
Based on obiective reasons for emotional transactions, this paper investigates the role of accounting information in the decrease in emo- tional premiums of new shares under the IPO background. It arrives at the following conclusions： firstly, high-quality accounting information can sig- nificantly reduce the effect of market sentiment on IPO initial returns, show- ing that information asymmetry is an important reason for the emergence of emotional transactions and then their effects on stock prices; secondly, the role of accounting information abovementioned in a bull market or in a pri- cing marketization period is significant, but the one in a bear market or in a pricing control period is not significant, showing that investor attention and the marketization of issuance mechanism are the premise of the effective role of accounting information.
Organizations and managers in the for-profit private sector have traditionally attracted the greatest attention from management scholars and the media. In recent times, with countries all over the world moving towards more market based economies, managerial issues in state owned enterprises (SOEs), or public sector organizations (PSOs) as they are also known, have started to elicit the interest of researchers. Governments in many countries have tried to subject SOEs to the discipline of the market, through stock market listings and opening up hitherto state-dominated sectors to competition from private organizations. As SOEs have come under the influence of the market, a key challenge facing them is striking the right balance between social and economic (efficiency) goals. In this paper, we study the performance of Indian Railways over a sixty year period (1950-51 to 2010-11) to see how it has attempted to strike a balance between social and economic criteria.