Changes in Organizational Structure and Shareholder Wealth: The Case of Limited Partnerships

1993 ◽  
Vol 28 (4) ◽  
pp. 553 ◽  
Author(s):  
Karen C. Denning ◽  
Kuldeep Shastri
Keyword(s):  
Organizational Structure ◽  
Shareholder Wealth ◽  
Limited Partnerships

Uncorporates: changes in master limited partnerships

2017 ◽  
Vol 43 (6) ◽  
pp. 720-735 ◽  
Author(s):  
Lynn K. Kendall ◽  
Nina Rogers
Keyword(s):  
Organizational Structure ◽  
Oil And Gas ◽  
Initial Period ◽  
Growth Period ◽  
Content Type ◽  
Return On Equity ◽  
Fama And French ◽  
Oil And Gas Firms ◽  
Mature Market ◽  
Limited Partnerships

Purpose The purpose of this paper is to examine how major changes in an industry may differentially affect firms based on their organizational structure. The authors examine midstream oil and gas firms, comparing master limited partnerships (MLPs or uncorporates) with more traditional midstream corporate firms when the industry changed from one that was considered mature to a more rapid growth industry. Design/methodology/approach Non-parametric comparisons of returns, distributions, and operating ratios are presented across the two organizational forms and across two distinct industry activity periods. The risk-adjusted return analysis, including Fama and French factors, incorporates a wild bootstrap to address heteroscedasticity in the data. Findings In the industry’s mature market period, partnerships provided a significantly greater payout, return, return on equity (ROE), cash flow, and lower leverage, while exhibiting lower levels of systematic risk than corporations. In the later growth period, midstream corporations and partnerships are no longer significantly different in their returns, ROE or margins. MLPs now have significantly higher leverage levels, while continuing to provide significantly higher dividend payouts. Originality/value The paper contributes to the literature with an analysis of the effects of a changing industry environment on two different organizational types across a common industry. The authors find that the optimal organizational structure may be dependent on the environment. The findings during the initial period are consistent with prior research comparing publicly traded partnerships and corporations. During the growth phase, the findings lend support to the seminal literature with respect to corporations potentially best-suited to “growth” industries, while highlighting specific results by organizational form.

Adapting a matrix organizational structure to the College of Dentistry at the University of Kentucky

1989 ◽  
Vol 53 (4) ◽  
pp. 246-252
Author(s):  
DA Nash ◽  
EP Hicks ◽  
HR Laswell ◽  
GP Lewis ◽  
TT Lillich ◽  
...  
Keyword(s):  
Organizational Structure ◽  
University Of Kentucky ◽  
The University

Organizational Structure, Information Load, and Communication in Navy Teams

2004 ◽  
Author(s):  
Keith Baker ◽  
Elliot E. Entin ◽  
Katrina See ◽  
Kevin Gildea ◽  
Bonnie Baker ◽  
...  
Keyword(s):  
Organizational Structure ◽  
Information Load ◽  
Structure Information

Struktur Organisasi, Desain Kerja, Budaya Organisasi Dan Pengaruhnya Terhadap Produktivitas Karyawan Studi Kasus Pada PT. XX Di Jakarta

Liquidity ◽  
2018 ◽  
Vol 1 (2) ◽  
Author(s):  
Yanti Budiasih
Keyword(s):  
Organizational Culture ◽  
Regression Analysis ◽  
Linear Regression ◽  
Organizational Structure ◽  
Research Method ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Job Design ◽  
Employee Productivity ◽  
Dominant Influence

The objectives of this study are to analyze changes in organizational structure, job design, organizational culture and its influence on employee productivity at PT. XX in Jakarta and to identify variables that have a dominant influence on the productivity of employees. The research method used is using multiple linear regression analysis. The results show that the all variables simultaneously and partially change the organizational structure, job design, and organizational culture has a significant impact on employee productivity at PT. XXin Jakarta.

Permasalahan Manajemen Usaha Mikro Studi Kasus Pada Pabrik Kerupuk UD. Manunggal Karsa Di Kel. Lebak Bulus Kec. Cilandak Kodya Jakarta Selatan

Liquidity ◽  
2018 ◽  
Vol 1 (1) ◽  
pp. 81-90 ◽  
Author(s):  
Siti Maryama
Keyword(s):  
Organizational Structure ◽  
Financial Institutions ◽  
Raw Materials ◽  
Excess Demand ◽  
Motor Vehicles ◽  
Family Management ◽  
Drying Process ◽  
Earned Income ◽  
Qualitative Descriptive ◽  
Bad Weather

The purpose of the study are to (1) review the main problems faced by the factory of Kepuruk Manunggal Karsa (MK), and (2) assessing the entrepreneur attempts to be able to solve the problems faced. The research was carried out using qualitative descriptive design. The results showed that (1) the lack of supply of raw materials as a result of lack of capital. Sequel is due, the difficulty of the plant to meet consumer demand (excess demand). (2), the system of capital used is circulating capital (capital turnover). Earned income used up to finance the operation of the plant. (3) Innovation has been done in the form of deal with bad weather (rain) as an effort of crackers drying process is by using the oven. (4) There has been no cooperation with financial institutions. (5) There is no organizational structure as a modern factory for traditionally managed by family management. (6) Marketing using modes of transportation carts and motor vehicles.

A Political Economy Model of a Research University

2009 ◽  
pp. 132-143
Author(s):  
K. Sonin ◽  
I. Khovanskaya
Keyword(s):  
Organizational Structure ◽  
Information Structure ◽  
Research University ◽  
Hiring Decisions ◽  
Voting Rules ◽  
Economy Model ◽  
Trade Offs ◽  
Political Economic ◽  
Optimal Incentives

Hiring decisions are typically made by committees members of which have different capacity to estimate the quality of candidates. Organizational structure and voting rules in the committees determine the incentives and strategies of applicants; thus, construction of a modern university requires a political structure that provides committee members and applicants with optimal incentives. The existing political-economic model of informative voting typically lacks any degree of variance in the organizational structure, while political-economic models of organization typically assume a parsimonious information structure. In this paper, we propose a simple framework to analyze trade-offs in optimal subdivision of universities into departments and subdepartments, and allocation of political power.

PENGELOLAAN DATA ANGGOTA BERBASIS WEBSITE DI YAMAHA VIXION CLUB CABANG BANDUNG

2020 ◽  
Vol 2 (2) ◽  
pp. 113-127
Author(s):  
Nova Indrayana Yusman
Keyword(s):  
Data Management ◽  
Organizational Structure ◽  
Human Resource Development ◽  
Human Resource ◽  
Programming Language ◽  
The Internet ◽  
Web Based ◽  
Management Software ◽  
The City ◽  
Data Management Software

Yamaha Vixion Club Bandung (YVCB) was formed on July 7, 2007 in the city of Bandung, as a place of friendship between Yamaha Vixion motorcyclists. In its organizational structure, YVCB has a Human Resource Development (HRD) division. Until now, there are more than 800 Yamaha Vixion Club Bandung members. This software is made to facilitate the work of the Yamaha Vixion Club Bandung HRD Division in processing member data. Created using Microsoft Webmatrix as an editor with the PHP programming language. The database uses MySQL with PHPMyAdmin as the software. The method used in making this software is prototyping so that between developers and customers can understand each other what the customer wants. The purpose of making web-based member data management software is that in terms of managing member data it can be done anytime and anywhere by just accessing the internet. In the use of the program, the author chose to use PHP, because PHP is the best and easiest to use in website programming language. Based on the last paragraph, the author intends to make aplication based computerized attendance so that become effective and efficient in terms of time.

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