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Industrial Companies (industrial + company)
Selected AbstractsScoring corporate environmental and sustainability reports using GRI 2000, ISO 14031 and other criteriaCORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, Issue 4 2002Prof. J. Emil Morhardt The purpose of this paper is to evaluate the extent to which current voluntary corporate environmental reports meet the requirements of two new sets of guidelines: (i) the Global Reporting Initiative GRI 2000 sustainability reporting guidelines and (ii) the ISO 14031 environmental performance evaluation standard. We converted them to comprehensiveness scoring systems then used them along with three existing comprehensiveness scoring systems to evaluate the 1999 reports of 40 of the largest global industrial companies. Many of the reports scored highly with the existing systems, but the GRI and ISO guidelines are much more detailed and comprehensive, and resulted in much lower scores. In particular, the economic and social topics that make up 42% of the potential GRI score and the environmental condition indicators that make up 22% of the ISO 14031 score were minimally addressed in all of the companies' environmental reports. Current reporting practices of the companies whose reports we examined here are well below the standards reflected in the GRI and ISO 14031 guidelines, even when the reports scored well with existing report scoring systems. Copyright © 2002 John Wiley & Sons, Ltd. and ERP Environment [source] The need for adaptability in EU environmental policy design and implementationENVIRONMENTAL POLICY AND GOVERNANCE, Issue 5 2001Matthieu Glachant Is the application of the EU environmentally policy satisfying in the field? In particular, are the environmental objectives set in the directives met? This paper explores the issue of the effectiveness of the European environmental policy. It is based on the results of a recent study, which has consisted in evaluating the implementation of three pieces of EU environmental legislation in France, Germany, Netherlands and United Kingdom. The legislation studied was Directive 89/429 regulating atmospheric emissions from domestic waste incinerators, Directive 88/609 dealing with SO2 and NOx emissions from large combustion plants (LCPs) and Council Regulation 1836/93 concerning the voluntary participation of industrial companies in an EU Eco-Management and Audit Scheme (EMAS). The result of the study suggests that simply posing the problem in terms of ,implementation deficit' is not sufficient. In fact, over-compliance with directive goals is even observed in certain cases. By contrast, the evaluation suggests the prevalence of interactions between the considered implementation process and other parallel policy processes at the implementation stage. The study shows that this interplay between policies has a huge impact on implementation environmental results, which can be either positive or negative. Based on this statement, an important question for EU policy is how implementation can efficiently cope with such interactions, which means finding ways to maximize potential synergies, or alternatively to reduce inconsistencies, with the other policy components. Given that policy interactions are difficult to predict at the policy formulation stage of the policy, adjustments necessarily occur at the implementation stage. In this context, implementing EU environmental policy requires policy systems able to adjust at low costs. In this paper, this property is called adaptability and is given a precise content. Copyright © 2001 John Wiley & Sons, Ltd. and ERP Environment [source] Effect of regulatory oversight on the association between internal governance characteristics and audit feesACCOUNTING & FINANCE, Issue 1 2008El'fred Boo G34; M42; N40 Abstract We examine the relationship between internal governance, external audit monitoring and regulatory oversight for a sample comprising industrial companies and financial/utility companies subject to additional industry-specific regulation. Our results indicate that the association between audit fees and board/audit committee independence and size are weaker for regulated companies. These observations are consistent with the notion that regulatory oversight partially substitutes the external audit as a monitoring mechanism. However, boards/audit committees with more multiple directorships demand a more extensive audit in the presence of regulatory oversight to protect their reputation capital. Our study enhances our understanding of the complex relationships among the major corporate governance elements. [source] A study of creative tension of engineering students in KoreaHUMAN FACTORS AND ERGONOMICS IN MANUFACTURING & SERVICE INDUSTRIES, Issue 6 2007Yoon Chang The aim of this research was to study the nature of creative tension of engineering students in South Korea. The creative tension was analyzed according to relevant competences in project managers' work role. Most of the subjects who participated in this study were part-time students who worked as managers in manufacturing and industrial companies. The application used for collecting and analyzing data was the project managers' work-role,based competence application, Cycloid. Data were collected on the Internet by self-evaluation. The constructed competence model of the Cycloid application was added into the Evolute self-evaluation system utilizing fuzzy logic. The application was able to identify students' current state and personal aims and the creative tension essential for their personal development. The Cycloid application can be utilized in developing the professional competencies of individuals, teams, and organizations. © 2007 Wiley Periodicals, Inc. Hum Factors Man 17: 511,520, 2007. [source] Does Risk Management Add Value?JOURNAL OF APPLIED CORPORATE FINANCE, Issue 3 2005A Survey of the Evidence The fact that 92% of the world's 500 largest companies recently reported using derivatives suggests that corporate managers believe financial risk management can increase shareholder value. Surveys of finance academics indicate that they too believe that corporate risk management is, on the whole, a valueadding activity. This article provides an overview of almost 30 years of broadbased, stock-market-oriented academic studies that address one or more of the following questions: ,Are interest rate, exchange rate, and commodity price risks reflected in stock price movements? ,Is volatility in corporate earnings and cash flows related in a systematic way to corporate market values? ,Is the corporate use of derivatives associated with reduced risk and higher market values? The answer to the first question, at least in the case of financial institutions and interest rate risk, is a definite yes; all studies with this focus find that the stock returns of financial firms are clearly sensitive to interest rate changes. The stock returns of industrial companies exhibit no pronounced interest rate exposure (at least as a group), but industrial firms with significant cross-border revenues and costs show considerable sensitivity to exchange rates (although such sensitivity actually appears to be reduced by the size and geographical diversity of the largest multinationals). What's more, the corporate use of derivatives to hedge interest rate and currency exposures appears to be associated with lower sensitivity of stock returns to interest rate and FX changes. But does the resulting reduction in price sensitivity affect value,and, if so, how? Consistent with a widely cited theory that risk management increases value by limiting the corporate "underinvestment problem," a number of studies show a correlation between lower cash flow volatility and higher corporate investment and market values. The article also cites a small but growing group of studies that show a strong positive association between derivatives use and stock price performance (typically measured using price-to-book ratios). But perhaps the nearest the research comes to establishing causality are two studies,one of companies that hedge FX exposures and another of airlines' hedging of fuel costs,that show that, in industries where hedging with derivatives is common, companies that hedge outperform companies that don't. [source] A study of determinant factors of stakeholder environmental pressure perceived by industrial companiesBUSINESS STRATEGY AND THE ENVIRONMENT, Issue 3 2010Javier González-Benito Abstract Although several articles have studied the effect that stakeholder pressure has on the environmental behavior of firms, little research has attempted to identify the contingencies that explain such pressure. This article investigates the effects of six relevant variables on stakeholder environmental pressure perceived by industrial companies: size, internationalization, location of manufacturing activities, position in the supply chain, industrial sector, and managerial values and attitudes. The effect is theoretically determined by distinguishing between pressure intensity and perception capacity and empirically tested with a sample of 186 Spanish manufacturers. The analyses reveal two dimensions of stakeholder pressure, governmental and nongovernmental, and show that variables such as environmental awareness among managers, internationalization, industrial sector and company size play important roles in determining both dimensions. Copyright © 2008 John Wiley & Sons, Ltd and ERP Environment. [source] Effects of Trainee Characteristics on Training EffectivenessINTERNATIONAL JOURNAL OF SELECTION AND ASSESSMENT, Issue 2 2007Aharon Tziner Six employee characteristics (conscientiousness, self-efficacy, motivation to learn, learning goal orientation, performance goal orientation, instrumentality) and one work environment characteristic (transfer of training climate) were captured for 130 trainees in a large industrial company in an attempt to predict training effectiveness (training grade, supervisor evaluation of the application of training). The results strongly support the predicted links, although not all the predictor variables contributed a statistically significant share of the explained variance of the training outcomes. Motivation to learn and learning goal orientation were found to contribute most to predicting training outcomes. The implications of the results are discussed and the limitations of the study are noted, along with suggested avenues for future research. [source] Continuity and Change in Mergers and Acquisitions: A Social Identity Case Study of a German Industrial Merger*JOURNAL OF MANAGEMENT STUDIES, Issue 8 2005Johannes Ullrich abstract It is crucial from an employee's point of view to perceive some degree of stability even in times of major organizational change. This paper examines the role of a sense of continuity for organizational identification after an organizational merger. We argue that mergers and acquisitions so often end in failures partly because the change is designed in discontinuous ways and employees do not feel they are doing the same job after the merger as before. Such discontinuous change engenders a critical tension between positive and negative effects of identification that has not yet been fully understood. To deepen the understanding of this tension, in-depth interviews were conducted in a recently merged German industrial company. Based on these qualitative data we demonstrate how features of the post-merger company structure and the way it was implemented may have eroded organizational identification. Finally, we propose a parsimonious model to be tested by future research, in which the sense of continuity is consisting of both observable as well as projected continuity. [source] Reducing Ongoing Product Design Decision-Making Bias,THE JOURNAL OF PRODUCT INNOVATION MANAGEMENT, Issue 6 2008Michael Antioco The objective of this exploratory study is to add to our understanding of ongoing product design decision-making to reduce eventual decision-making bias. Six research questions are formulated with the aim to establish if and how functional membership and informal patterns of communication within an organization influence whether and why employees are willing to engage in product design modifications. We selected as a field site for our study an industrial company that had an internal research and product development operations and where the employees were located on the same site. A three-step approach within the manufacturing case company was designed: (1) In-depth interviews were carried out with managers and employees; (2) a survey questionnaire was sent out to all employees involved with a specific product that is subject to potential design modifications; and (3) a post hoc group feedback session was organized to further discuss our findings with the management. First, analysis of the nine in-depth interviews establishes a taxonomy of product design decisions involving four types of criteria; product-related, service-related, market-related, and feasibility-related criteria explain why employees would engage or not in product design modifications. Second, it is demonstrated that functional membership has a significant influence on the concern for these decision-making criteria as well as on the decision to proceed or not with product design modifications. In other words, functional membership influences whether and why employees are more or less willing to make product design modifications. In this manufacturing company, a global industrial player, the differences in concern appear especially for service- and market-related criteria and pertain particularly to the research and development (R&D) and service function. Overall, even though the perceived performance of the specific product under study did not differ significantly among the different departments, it is observed that R&D employees were significantly less in favor of proceeding with product design modifications than other employees were. Third, using UCINET VI software, we provide some explanations for this finding. It is shown that informal patterns of communication (i.e., employee degree centrality) operate a situational opportunity to make modifications to an existing product and a cognitive opportunity influencing the decision to modify product design following an inverted U-shaped function. Ultimately, we derive practical guidelines for an ideal product,team composition to reduce product design decision-making bias. [source] Implementing a strategy-driven performance measurement system for an applied research groupTHE JOURNAL OF PRODUCT INNOVATION MANAGEMENT, Issue 3 2002Christoph H. Loch Although most companies recognize the importance of R&D for future competitiveness, they often struggle to assess its contribution to the organization. Performance measurement in R&D is particularly difficult because (1) effort levels may not be observable, (2) project success is uncertain, influenced by uncontrollable factors, and (3) success can be assessed only after long delays, or it accrues to other units of the organization. Based on existing literature on the problem, we developed a performance measurement system for the process technology research group of an industrial company. This measurement system systematically supported the business strategy. Moreover, the measures were adjusted for different project profiles: short-versus long term, hardware versus software, routine support services versus breakthrough ideas and knowledge development. The contribution of this article is a description of the process of developing and implementing a comprehensive performance measurement system in a company, based on previous performance management research, and supporting the company's strategy. It is noteworthy that the system was implemented in a research group (as opposed to development), where the measurement problems are the most severe. [source] | |||||||||||||