Empirical evidences show that Japan-based companies moved their major operations to the USA due to the currency appreciation of Japanese Yen in 1980s. However, the multinational firms moving their operations abroad still face both the risk of foreign price and the risk of foreign exchange rate. According to the purchasing power parity (PPP) and interest rate parity (IRP), the foreign exchange r...

Projects are about the planning and delivery of beneficial change. This beneficial change may involve the creation of a desired physical asset or some less tangible organizational change. In either case, the pursuit of opportunities is an inherent central concern. Throughout any project what can be achieved is subject to uncertainty. Uncertainty underlies risk and the pursuit of inherent projec...

We propose that firm profits are shaped by how firms engage in corporate social responsibility. Recent research on the corporate social responsibility (CSR)–corporate financial performance (CFP) relationship proposes a variety of contextual and organizational factors to create a more robust link. However, few of these studies explore the role of the CSR engagement strategy. Drawing on absorptiv...

Our paper focuses on how the relationship between corporate strategy and securities analyst activity may yield capital markets which discourage uniqueness in strategy. We argue that corporate strategy choices influence not only the expected cash flows of the firm, which form the fundamental basis for the firm’s valuation by capital markets, but also the amount of effort exerted by those who eng...

Social media (SM) platforms are being used for many purposes. As they were successful in accumulating a large number of well-networked user communities over the recent years, those platforms and their communities became interesting for corporate and commercial use, visible in a wave of books on businesses and SM. However, the “corporate user” normally is composed of many individual users that i...

Considerable experimentation in organizational form has focused executive attention on the design and use of management control systems (MCS) to align environmental context and corporate strategy with a variety of organizational structures. The paper explores how two multibusiness health care firms with a similar corporate strategy–but with different structures, centralized versus decentralized...

This paper studies organizational structure and incentives within a company, Citibank, that has an explicit and evolving global business strategy. The paper focuses on Citibank’s corporate banking business, which in the mid-1990s underwent major changes in its strategy that, in turn, were accompanied by two major reorganizations and implementation of a new incentive compensation system. Citiban...

In this paper, we hypothesize that there is a non-linear relationship between corporate strategy, short-run "nancial variables, and wealth creation measured as market value added (MVA), and use neural networking to model this relationship. The neural network model accurately categorized over 90% in the training set and nearly 93% of "rms in the holdout test sample. Additional analysis revealed ...