scholarly journals Corporate Governance: Voluntary, Mandatory or a Hybrid Approach?

2019 ◽  
Vol 13 (1) ◽  
pp. 233
Author(s):  
Chih Khiam Ping ◽  
Tan Seng Teck
Keyword(s):  
Corporate Governance ◽  
Hybrid Approach ◽  
Future Directions ◽  
Business World ◽  
Modern Business

This paper addresses a dilemma in corporate governance. Indeed, corporate governance has been a hype in modern business world. They were designed to curb malpractices and foul play in corporations. However, many practitioners and academics alike have not come in terms for the best approach for corporate governance. This paper simplistically addresses this dilemma and examine briefly the varying approaches to corporate governance in modern business world. This is not an empirical piece but on the contrary it is a writing that address the intricate dilemma in corporate governance and perhaps to determine the trajectory of their future directions.

scholarly journals Corporate governance in Poland

2009 ◽  
Vol 7 (2) ◽  
pp. 387-394 ◽  
Author(s):  
Tom Mortimer
Keyword(s):  
Corporate Governance ◽  
Future Development ◽  
Traditional Approach ◽  
Hybrid Approach ◽  
The State ◽  
The Future ◽  
Stakeholder Model ◽  
State Models

This article considers the traditional approach to the ’state’ Models of corporate governance, namely shareholder Model and stakeholder Model. It then considers the extent to which developments in a recent accession EU country, Poland, reflects either of these Models or adopts a hybrid approach. It then offers proposals for the future development of corporate governance within Poland.

scholarly journals Design of Hybrid Method for Automatic Sentiment Classification System

2019 ◽  
Vol 8 (2S11) ◽  
pp. 3616-3620
Keyword(s):  
Machine Learning ◽  
Hybrid Method ◽  
Classification System ◽  
Scientific Community ◽  
Opinion Mining ◽  
Hybrid Approach ◽  
Learning Approach ◽  
Business World ◽  
Major Aspect ◽  
Machine Learning Approach

The Developing enthusiasm for the field of opinion mining and its applications in various regions of information and also, sociology has activated numerous researchers to investigate the field The chance to catch the opinion of the overall public about get-togethers, political developments, organization systems, advertising efforts, and item inclinations has raised expanding enthusiasm of both scientific community (as a result of the energizing open difficulties) and the business world (due to the wonderful advantages for promoting and money related market expectation). Today, sentiment analysis investigation has its applications in a few unique situations. There are a decent number of organizations, both huge and little scale, that focuses on opinions and sentiments as a major aspect of their central goal. This work introduces hybrid approach that includes lexicon based approach and machine learning approach for extracting aspects and sentiments

The Role of Business Process Reengineering in the Modern Business World

2016 ◽  
pp. 1802-1829
Author(s):  
Kijpokin Kasemsap
Keyword(s):  
Business Process ◽  
Business Performance ◽  
Success Factors ◽  
Business Process Reengineering ◽  
Process Reengineering ◽  
Change Initiatives ◽  
Business World ◽  
Top Management Commitment ◽  
Modern Business

This chapter reveals the role of business process reengineering (BPR) in the modern business world, thus illustrating the theoretical and practical concept of BPR, the applications of BPR, the drivers of BRR (in terms of internal drivers and external drivers), the critical success factors of BPR (i.e., egalitarian leadership, collaborative working environment, top management commitment, supportive management, information technology, change management, project management, and cross-functional coordination), the implementation of BPR, and BPR software tools. BPR is a systematic approach to helping an organization analyze and improve its processes in digital age. BPR is a continuum of change initiatives in order to deliver better business performance standards through establishing sustainable process capability in modern organizations. BPR has become a popular tool to dealing with rapid technological and business change in the global competitive environment. Applying BPR will greatly improve business performance and reach business goals in global business.

Researches of Detection of Fraudulent Financial Statements Based on Data Mining

2017 ◽  
Vol 14 (1) ◽  
pp. 32-36
Author(s):  
Dan Han
Keyword(s):  
Data Mining ◽  
Academic Research ◽  
Financial Statements ◽  
Bayesian Belief Networks ◽  
Financial Accounting ◽  
Accounting Fraud ◽  
Financial Statement Fraud ◽  
Business World ◽  
Modern Business ◽  
Fraudulent Financial Statements

Financial statement fraud has been one of the biggest challenges in the modern business world. Financial accounting fraud detection (FAFD) has become an emerging topic of great importance for academic, research and industries. In this paper, the effectiveness of Data Mining (DM) classification techniques in detecting firms that issue fraudulent financial statements (FFS) and deals with the identification of factors associated to FFS are explored. Our study investigates the usefulness of Data Mining techniques including Decision Trees, Neural Networks and Bayesian Belief Networks in the identification of fraudulent financial statements. At last, we compare the three models in terms of their performances.

Mandatory versus Discretionary Rule Dichotomy in the Harmonization of Corporate Governance Codes: Lessons for Nigeria

2019 ◽  
Vol 63 (3) ◽  
pp. 385-411 ◽  
Author(s):  
Collins C Ajibo ◽  
Kenneth I Ajibo
Keyword(s):  
Corporate Governance ◽  
Market Integration ◽  
National Level ◽  
Hybrid Approach ◽  
Critical Issue ◽  
Business Community ◽  
Playing Field ◽  
Governance Systems ◽  
Corporate Governance Codes ◽  
Comply Or Explain

AbstractHarmonizing corporate governance systems can potentially level the playing field for businesses, as it would increase financial and economic interconnections, including market integration, between countries. Although harmonization at the regional level such as the EU seems challenging because systems are so diverse, the reverse is the case at the national level. A critical issue in the harmonization effort is whether to adopt the “comply or explain” approach or the mandatory compliance approach. Although mandatory compliance is necessary in certain circumstances, particularly in cases of corporate pseudo-reporting that occasions corporate failures, the predominant approach involves “comply or explain”. Given competing interests in the business community, the inclination for flexibility and the regulatory authority's disposition for an oversight function, this article argues that a hybrid approach should be followed, which will internalize the merits of both the “comply or explain” and mandatory compliance approaches while eschewing their disadvantages.

It’s time to bring performance appraisal into the twenty-first century

2015 ◽  
Vol 23 (7) ◽  
pp. 23-26 ◽  
Author(s):  
Shahina Javad ◽  
Sumod S.D.
Keyword(s):  
Performance Management ◽  
Performance Appraisal ◽  
Employee Performance ◽  
Performance Appraisals ◽  
Appraisal System ◽  
Business World ◽  
Content Type ◽  
Rating Method ◽  
Modern Business ◽  
The Right

Purpose – Examines the weaknesses of many current performance appraisals and shows how to improve them. Design/methodology/approach – Draws on examples from companies such as Cisco, Google and Infosys. Findings – Shows that there are two main sets of reasons for the failure of performance management – system related and people related. System-related problems crop up while defining the performance goals or designing the appraisal system. People-related problems usually arise while discussing the results of appraisals. Practical implications – Investigates the importance of the three key elements of performance appraisal – the appraiser, the appraisal period and the rating method. Social implications – Shows how important performance appraisal can be in the modern business world where skilled and talented workers are at a premium. Originality/value – Argues that present-day organizations need to develop an ongoing process to manage employee performance, make sure the right things are being measured, and that the feedback is carried out as constructively as possible.

scholarly journals Educating Knowledge Management Professionals in the Era of Knowledge Economy

2002 ◽  
Vol 01 (02) ◽  
pp. 91-98 ◽  
Author(s):  
Hsueh-hua Chen ◽  
Tzu-heng Chiu ◽  
Jung-Wei Fan
Keyword(s):  
Knowledge Management ◽  
Knowledge Economy ◽  
Information Science ◽  
Business Administration ◽  
Library And Information Science ◽  
Business World ◽  
Educational Backgrounds ◽  
Important Concern ◽  
Information Engineering ◽  
Modern Business

The era of knowledge economy has arrived, and knowledge has become a key resource for enterprises. How to keep creating and using new knowledge has become an important concern for modern business administration. How to manage knowledge efficiently and effectively will become a crucial issue in future. However, owing to differences in educational backgrounds, people may have different perspectives on knowledge management (KM), and so the effectiveness of KM may not be maximized owing to lack of integration. In view of this, the Departments of Library and Information Science, Business Administration, Information Management, and Computer Science and Information Engineering of the National Taiwan University put together a "KM Curriculum Program" that seeks to educate and train all-round KM professionals. This paper begins with the proposition that KM will be the focus of business administration in the 21st century, followed by the need to train interdisciplinary KM professionals and create channels for such training. Lastly, it takes "KM Curriculum Program, NTU" as a sample to explain the ideas behind its education and training. Further, by sharing experiences, we hope to motivate other colleges and universities to draw up similar programs to train skilled KM professionals and to improve Taiwan's competitiveness in the business world.

FINANCIAL ACCOUNTING AND REPORTING IN SMALL FIRMS

1996 ◽  
Vol 04 (02) ◽  
pp. 163-182
Author(s):  
A.J.M. Humayun Murshed
Keyword(s):  
Decision Making ◽  
Financial Reporting ◽  
Small Firms ◽  
Financial Statements ◽  
Financial Accounting ◽  
Organizational Decision Making ◽  
Business World ◽  
Degree Of Satisfaction ◽  
Modern Business ◽  
And Control

Small firms’ role in the modern business world is well recognized. Despite such recognition, there exists a dearth of research in small firms, particularly in understanding the implications of accounting and finance. This paper reports the results of an empirical study carried out on the financial accounting and reporting of small firms in Bangladesh. Financial reporting does not seem to be important in these firms except for complying with tax formalities. No systematic way of presenting financial figures among the firms was observed. Most firms’ financial statements do not provide any database for organizational decision making. The managers have a high degree of satisfaction, particularly with the format used in presenting financial statements. On the contrary, they hardly use those financial statements in organizational decision making and control. They prefer to use a simple form of financial statement and show almost no concern for users’ need and attaining financial control.

scholarly journals Trust in Leader as a Psychological Factor on Employee and Organizational Outcome

2021 ◽  
Author(s):  
Panteha Farmanesh ◽  
Pouya Zargar
Keyword(s):  
Mental Health ◽  
Psychological Outcomes ◽  
Psychological Factor ◽  
Mutual Trust ◽  
Leadership Studies ◽  
Improve Performance ◽  
Business World ◽  
Organizational Outcome ◽  
Modern Business ◽  
Trust In Leader

While leadership studies have tackled the concept in various ways, it can be said that often basic psychological elements are overlooked. In this sense, the notion of trust is focused in this chapter to highlight, elaborate, and provide a thorough understanding on the vitality of trust between leader and his/her followers. Whether a business achieves success or not is highly dependent on leadership of the firm. Mutual trust among staff and their managers is a crucial matter that can hinder or enhance the process of success. With the existence of trust, workplace and environment of company become soothing for individuals, leading to positive psychological outcomes, and improved wellbeing. Therefore, we argue that building, and gaining trust should be the focus of leaders regardless of their style for it will improve performance, and thus, organizational outcome while simultaneously benefiting the staff via psychological elements. This becomes more vivid in modern business world as wellbeing of individuals and their mental health are more emphasized. Both leaders and scholars can benefit from this manuscript.

scholarly journals A Critical Review on the Rise of Social Enterprise as a Foundation of Motivation and Innovation in Entrepreneurship

2019 ◽  
Vol 13 (1) ◽  
pp. 259
Author(s):  
Tan Seng Teck ◽  
Nanthakumar Karuppiah ◽  
Wong Chee Hoo
Keyword(s):  
Critical Review ◽  
Social Enterprise ◽  
Open Market ◽  
Market System ◽  
Business World ◽  
Modern Business ◽  
Dynamic Impacts ◽  
Laissez Faire

This paper examines the emergence of social enterprise in modern business world and argues that conventional entrepreneurship in open market system, capitalism and laissez faire is retreating and giving way to more socially anchored entrepreneurship. This paper addresses the question on the dynamic impacts of social enterprise on the trajectory of motivation, innovation and sustainability entrepreneurship in modern business world. This paper maintains that social enterprise is a growing and unstopable phenomenon and could assume the central role of entrepreneurship in future.

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