Frequency: Quarterly E- ISSN: 2250-0154 P- ISSN: 2249-0922 Abstracted/ Indexed in: CNKI Scholar (China National Knowledge Infrastructure), Ulrich's International Periodical Directory, Google Scholar, SCIRUS, Genamics JournalSeek
Quarterly published in print and online "Inventi Impact: Business Research & Reviews" publishes high quality unpublished as well as high impact pre-published research and reviews catering to the needs of researchers and professionals. This journal invites theoretical and empirical scholarly papers and case studies relating to broad fields of accounting, banking, finance economics, management, marketing, business law and related disciplines.
This paper, taking the directors of listed companies as point of penetration, studies the effects of\ninterlocking directorates on the company�s merger decisions. With a focus on interlocking directorates�\ninfluence on the selection of M & A targets, a Probit regression test was conducted by\npairing potential M & A targets to real acquisition sample according to the industry of the real\nsample. The innovation of this paper lies in the study of whether there is a significant difference in\nthe effect of interlocking directorates through differentiating various M & A modes, including horizontal\nmergers, vertical mergers and mixed mergers. The empirical analysis concludes that when\nthere are interlocking directorates in merger company and potential target company, it is more\nlikely for the potential target to be the object company. What�s more, by comparison, when the\nacquiring company and the target company are from different industries, there is greater impact\nof interlocking directorates, and the effects are stronger in vertical mergers than in mixed mergers\nand horizontal mergers....
The paper chooses the listing Corporations which refinanced from June 1,\n2006 to December 31, 2014 as samples to test and compare the announcement\neffect of five refinance modes, which are public issuance, non-public\nissuance, allotment and issuance of corporate bonds, and convertible bonds.\nStudy has showed that the announcement effect of non-public issuance is\npositive and allotment is negative in large confidence degree, while public issuance\nand convertible bonds issuance show negative in a lower confidence\ndegree, and issuance of corporate bonds isnâ??t significant. Therefore, Chinaâ??s\ncapital market favors non-public issuance most and regard convertible bonds\nas substitute, think allotment bearish widely, while see light issuance of corporate\nbonds. So, we must develop incentive effect of convertible bonds,\nStrengthen corporate debtâ??s constraint mechanism, regulate the behavior of\nthe big shareholders in allotment. It is found refinancing information leakage\nphenomenon in empirical research which should cause the attention of regulators....
Mergers and Acquisitions (M&As;) are a frequent, alternative strategic growth option to organic growth for organisations. The failure rate of mergers and acquisitions is alarmingly high (70% plus failures). The people factor is seen as one of the main contributors to this failure.\nTo develop and validate a comprehensive, holistic model for the people integration process during mergers and acquisitions.\nThe literature on a comprehensive, holistic people integration process for mergers and acquisitions is sparse and fragmented.\nA qualitative approach was adopted consisting of a three step process which solicited the views of seasoned M&A Practioners; these views were compared against the available literature. Finally, practioners were asked to critique the final model from a practice perspective. The utility of the final model was assessed against two mergers and acquisitions case studies.\nA comprehensive, holistic people integration process model for mergers and acquisitions was developed and validated. However, this model will only significantly enhance mergers and acquisitions value realisation if it is applied from the appropriate vantage point.\nThe proposed approach will increase the probability of a successful M&A people-wise and M&A value realisation.\nTheoretically, the development and validation of a M&A people process integration model; practically, guidelines for successful people integration; organisationally, significantly enhancing the chances of M&A success; and community wise, the reduction of the negative effects of M&A failure on communities....
This paper presents a study of 1,338 green advertisements from the leading Chinese\nnewspapers and magazines. The aim of the study is to examine the green adsââ?¬â?¢ distribution\nand greenwashing characteristics and practices in order to provide an overview for policy\nregulators and marketers. The analysis framework adopted the Carlson et al. (1993) matrix\napproach and the six sins of greenwashing from Terra Choice Environmental Marketing\n(2007). The findings revealed that green advertisements have increased by more than 50%\nsince 2004 and Chinese enterprises engaged in green advertising mainly to promote product\nbenefits while foreign enterprises placed strong emphasis on products and green corporate\nimage. From a consumer perspective, the study revealed that almost a third of the green ads\ncontained an element of greenwashing with ââ?¬Å?sin of no proofââ?¬Â being the most prominent.\nAnalysis of variance reveals that Chinese enterprises had committed more greenwashing\nthan foreign-owned enterprises in green advertising....
The objective of Cudillero Rural Living Lab is to support the fishing industry through jointly developing innovative services and applications and offering technical support, in particular related to small vessels devoted to traditional ways of fishing. The Cudillero rural innovation environment is presented in order to contextualize the living lab activities. It is illustrated how open innovation methodologies improve the quality of life of inhabitants in this rural and coastal area. This paper presents the results from the living lab methodology application in the Cudillero fishing sector including a series of experiments targeting different scenarios, and we discuss the process of software development and applications validation resulting in collaborative environments supported by the platform proposed in C@R....
This paper integrates information on research studies carried out, in Stevia rebaudiana Bertoni, by the Southeast Regional Research Center (CIRSE) of the National Institute of Forestry, Agricultural and Livestock Research (INIFAP) in Mexico. Stevia is an ancient plant of Paraguayan origin with great potential to produce natural sweeteners. There is a constant demand at the national and international levels for this crop so new varieties adapted to different environments are required in order to reduce production costs, avoid dependence from abroad, improve yields and increase the acreage. The Mexican CIRSE has documented a series of innovations since 2010 in stevia such as: 1) studies of the productive potential, 2) production of seedlings with biological rooters, 3) population densities, 4) pre-emergence control of weeds, 5) fertilization doses, 6) materials better adapted to Mexican environment conditions and 7) evaluation of main stevia glycosides such as Stevioside and Rebaudioside- A among the most important. The main scientific findings are reported in this paper with the hope that stevia producers use it as a guide to improving their stevia production crop....
Reliability function, R(t), is defined as the probability that the system will not fail during the stated\r\nperiod of time under a given operating conditions. In production process, attaining reliability as a\r\nfunction of time is a common task but in multi-stage services, it is not straightforward due to intricacy\r\nof gathering data. Through the present work, we have addressed a systematic method for measuring\r\nmulti-stage service reliability function using failure rate analysis beside a systematic six sigma\r\napproach to improve total system reliability. The proposed methodology furthermore could help\r\npractitioners to integrate six sigma metrics with the reliability function and the way to measure existing\r\nreliability situation based on sigma level. The proposed method is applied in a given multi-stage central\r\nrepairing shop for an automobile producer which promotes 86% in total system reliability beside 58%\r\nimprovement in the sigma level....
The problem of the environment is a serious issue that must be addressed by the government\nand the community as a supervision and reporter of each of the activities of the destroyer of the\nenvironment. The pollution and environmental damage continue to increase in line with the\nincreased industrial activity or similar substances; surely the situation needs to get the\nprotection of the law. The pollution or environmental damage, mostly in the context of\nrunning a commercial business and often is also the attitude of rulers and the entrepreneurs who\ndo not run or neglecting the obligations of their obligations in the management of the\nenvironment. This research is a descriptive quantitative i.e. with provides an overview of the\ncompany that takes the environment around the enterprise. Data collection method in this\ninvestigation using bibliographical study (Library Research). The types of data used a\nsecondary data that consists of primary legal materials and secondary legal materials. The\nwaste is the remaining exiles who produced from real production activities in the production\nscale of domestic or household and production on a larger scale. Industrial waste is a remnant\nof the captives process of production in certain industries. Industrial waste requires the\nhandling and managing seriously in considering the impact will greater emanate than with\ndomestic waste. The industry is a business or management activities of raw materials or\nhalf-goods to be the end goods that have added value to get the benefits. The assembly of the\nbusiness and repairing is a part of the industry also. The results of this industry do not only in\nthe form of goods but also in the form of services....
The purpose of this article is to clarify the moderating effect of the board of directors in the relationship between the accounting conservatism and companies' performance. Previous studies have investigated the impact of corporate governance on the level of accounting conservatism. Our objective is to study the effect on the relationship between the level of accounting conservatism and performance of a central governance mechanism, namely, the board of directors. Using a sample of 60 French listed companies belonging to the SBF 120 index in all the period 2007-2012, we examine the effect of the size, the composition and the structure of such a mechanism on the relationship between the accounting conservatism and companies' performance. Therefore, most of our findings support the moderating impact of such a mechanism that has been ignored or left out by earlier studies....
The theme chosen for the scientific research entitled â??Addressing intellectual capital in the\ncontext of integrated strategy and performance: emphasizing the role of companiesâ?? unique\nvalue creation mechanism, while targeting better organizational reporting in Romania â?? the\ncase of green marketing and green marketing strategiesâ? tackles the subject of intellectual\ncapital in the context of integrated strategy and performance, having the purpose of\nemphasizing the role of companiesâ?? unique value creation mechanism, while targeting better\norganizational reporting in Romania, with a case study on green marketing and green marketing\nstrategies. It should be stated that this studyâ??s structure follows a specific pattern, namely: (a.)\nthe introduction section, in which the main elements specific to this paper are stated, as well as\nthe motivation for the present analysis; (b.) the literature review section, in which the specific\naspects related to intellectual capital, green intellectual capital, tangible assets, intangible assets,\naccounting value, investments, effectiveness, efficiency, performance, green performance,\nexcellence, competitive advantage, competitiveness, new economy, economic and financial\ndecline, organizational production processes, and knowledge-based society, green marketing,\ngreen marketing strategy are taken into consideration and thoroughly discussed; (c.) the\nanalysis of the necessity of the existence of a strong relationship between â??harmonious\ndevelopmentâ? and â??sustainable developmentâ? - a desideratum of the present age; (d.) the\nanalysis of traditional versus intelligent enterprises, which tackles intellectual capital, extended\nperformance, growth opportunities and growth expectations â?? the process of value-creation in\nRomania; (e.) the analysis of a social-ecological-environmental interface and model, with a key\ninterest in obtaining performance by combining intellectual capital with natural capital,\nreaching excellence by making use of green marketing strategies; (f.) the analysis of human,\norganizational and relational capital, which highlights the key intellectual capital categories\nenhancing performance and generating competitive advantage â?? Romanian organizationsâ?? value\ncreation, focusing, in the same time on the circular economy in Romania: perspectives and\nchallenges; (g.) the analysis of good practice example: â??Cris-timâ? - a Romanian family owned\ncompany; (h.) the results and discussions which stresses the key findings of this work,\nconcentrating on Romanian sustainable businesses - opportunities and threats....
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