This paper examines the stock return performance of the IPO stocks which are listed on the Growth Enterprise Market (GEM) in Hong Kong. By using several benchmarks, over three years, this paper finds that the results produced are sensitive to the benchmark employed. The two factors causing the underperformance of GEM stocks are the ‘technology boom’ and ‘IPO effects’. This suggests that appropr...

This case discusses the management and control of a large enterprise-wide implementation of an ERP system while the business model and corporate culture were shaping and being shaped by that implementation. In 1995, the Enterprise Networks Systems business unit of AT&T faced a triad of problems caused by its legacy IT infrastructure, including the lack of timely, accurate financial and operatin...

1 RETHINKING SMALL ENTERPRISE DEVELOPMENT: BETWEEN POVERTY AND GROWTH Economic growth is the prime means of creating income and employment opportunities. Where markets for products are expanding, poor people are able to establish sustainable livelihoods for themselves either by increasing their existing production and finding new products to market, or by finding employment opportunities with n...

The U.S. hog industry has experienced dramatic structural changes and rapid increases in farm productivity. A stochastic frontier analysis is used to measure hog enterprise total factor productivity (TFP) growth between 1992 and 2004 and to decompose this growth into technical change and changes in technical efficiency, scale efficiency, and allocative efficiency. Productivity gains over the 12...

1997 continues China's long march toI + Enterprise bonds were issued by sevwards affluence. GDP growth was 8.7% in 1996, preceded by two years of 10% growth, and forecast to increase again in 1997. Patriarch Deng Xiaoping's death in early 1997 did little to stem the flow of bullish economic statistics. China's gross domestic product reached US$ 3.6 trillion at purchasing power parity1 or about ...

Lean practices and principles build on a half-century of successive initiatives aimed at transforming social and technical systems in organizations. While they are seen as central to the revitalization of the U.S. aerospace industry, there is great variation in the degree to which lean initiatives emphasize just technical/manufacturing systems versus additional social and enterprise dimensions....

Despite the ubiquitous proliferation and importance of Enterprise Systems (ES), little research exists on their post-implementation impact on firm performance, especially in Europe. This paper provides representative, large-sample evidence on the differential effects of different ES types on performance of European enterprises. It also highlights the mediating role of innovation in the process ...

Abstract With increasing market competition and the arrival of technological innovation, automobile-manufacturing industry faces great changes. In this situation, quality internal control becomes an important part that affects growth development enterprises. According to theories enterprise growth, paper selects data Chinese listed-companies in automobile manufacturing analyse relationship betw...