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Economic Logic (economic + logic)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	50%

Selected Abstracts

National Adoption of International Accounting Standards: An Institutional Perspective

CORPORATE GOVERNANCE, Issue 3 2010
William Judge
ABSTRACT Manuscript Type: Empirical Research Question/Issue: Effective corporate governance requires accurate and reliable financial information. Historically, each nation has developed and pursued its own financial standards; however, as financial markets consolidate into a global market, there is a need for a common set of financial standards. As a result, there is a movement towards harmonization of international financial reporting standards (IFRS) throughout the global economy. While there has been considerable research on the effects of IFRS adoption, there has been relatively little systematic study as to the antecedents of IFRS adoption. Consequently, this study seeks to understand why some economies have quickly embraced IFRS standards while others partially adopt IFRS and still others continue to resist. Research Findings/Results: After controlling for market capitalization and GDP growth, we find that foreign aid, import penetration, and level of education achieved within a national economy are all predictive of the degree to which IFRS standards are adopted across 132 developing, transitional and developed economies. Theoretical/Academic Implications: We found that all three forms of isomorphic pressures (i.e., coercive, mimetic, and normative) are predictive of IFRS adoption. Consequently, institutional theory with its emphasis on legitimacy-seeking by social actors was relatively well supported by our data. This suggests that the IFRS adoption process is driven more by social legitimization pressures, than it is by economic logic. Practitioner/Policy Implications: For policy makers, our findings suggest that the institutional pressures within an economy are the key drivers of IFRS adoption. Consequently, policy makers should seek to influence institutional pressures that thwart and/or enhance adoption of IFRS. For executives of multinational firms, our findings provide insights that can help to explain and predict future IFRS adoption within economies where their foreign subsidiaries operate. This ability could be useful for creating competitive advantages for foreign subsidiaries where IFRS adoption was resisted, or avoiding competitive disadvantages for foreign subsidiaries unfamiliar with IFRS standards. [source]

Principles of evaluating quality investments

QUALITY AND RELIABILITY ENGINEERING INTERNATIONAL, Issue 5 2008
Johannes Freiesleben
Abstract Quality departments often experience difficulties selling the idea that first priority should be given to quality improvement. Most approaches to project budgeting favour traditional investments such as new product development, which are perceived as potential profit boosters. To compete with such investments, a clear economic logic is needed, which stresses the long-term benefits of better quality. The aim of this paper, therefore, is to provide a concise framework of how to think about quality investments in economic terms. By focusing on the principles of an economic evaluation, it highlights the major aspects of an improvement assessment and derives a simple measure for helping practitioners to determine the advantageousness of a quality initiative. Copyright © 2008 John Wiley & Sons, Ltd. [source]

The Economics of Teams among Technicians

BRITISH JOURNAL OF INDUSTRIAL RELATIONS, Issue 1 2001
Rosemary Batt
This paper examines the economic logic of organizing field technicians into self-managed teams, an approach to work organization that shifts the division of labour from a hierarchical to horizontal one. Economic efficiencies arise through the integration of direct and indirect labour tasks and the alignment of'the organizational structure with the occupational logic of communities of practice among technicians. Self-managed teams absorb the monitoring and co-ordination tasks of supervisors, substantially reducing indirect labour costs but without adversely affecting objective measures of quality and labour productivity. For technicians, team membership means longer work hours, but higher wages through overtime pay. [source]

The difference that difference makes in the mobilization of workers

INTERNATIONAL JOURNAL OF URBAN AND REGIONAL RESEARCH, Issue 4 2002
Nancy Ettlinger
Drawing conceptually from feminist, post,development, cultural politics and radical political science literatures, this essay integrally relates differences among contexts (relationally defined) and people. I suggest that prospects for the mobilization of workers across space requires critical thinking about difference, entailing recognition of different work experiences associated with different industrial processes and avenues of exploitation, as well as possible friction among different groups of people across axes of difference. Although frictions of difference related both to economic and non,economic logics may pose complex problems for connecting workers within and across space, I argue that inclusive organizing strategies are critical to achieving pervasive and long,run social change. Tirant ces concepts de documents sur le post,féminisme et le post,développement, et de textes de politique culturelle et de science politique fondamentale, cet essai associe toutes les différences de contextes (définis en termes de relation) et d'individus. Il suggère que mobiliser des salariés à travers l'espace nécessite une réflexion critique sur la différence, ce qui implique la reconnaissance d'expériences professionnelles diverses combinées à des approches et processus industriels d'exploitation différents, ainsi que d'éventuels points de friction entre divers groupes de personnes d'un bout à l'autre des axes de différence. Même si ces points de friction, liés à une logique tant économique que non,économique, sont susceptibles de créer d'importantes difficultés pour relier des salariés dans l'espace, il faut appliquer des stratégies d'organisation globales si l'on veut obtenir un changement social capable de s'imprégner durablement. [source]