Corporate Capitalism Research Articles

Agency problem, intellectual capital and good corporate governance model for village-owned enterprises (BUMDes) in Indonesia

Agency problem, intellectual capital and good corporate governance model for village-owned enterprises (BUMDes) in Indonesia

Architecture University, Incorporated

In the mid-1990s, urban sociologist Robert Gutman argued that the field of architecture was comprised of two discourses. In universities, one discourse centered on the history, theory, and culture of architecture, and at firms, another centered on pragmatic issues of construction and business. The strength of architecture as a field, he suggested, was predicated on bridges between the two. This article considers the rise of three different “university” initiatives within architecture firms that complicate Gutman’s observed divisions, including “Gensler University,” “Albert Kahn University,” and “SHoP U” at SHoP Architects. By considering the history and scope of these initiatives in tandem with changes to accreditation criteria of architecture schools in the United States, the article makes visible some of the misalignments between academia and practice, and it raises new questions about what it might take to educate architects who can transform a profession otherwise gripped by the hands of corporate capitalism.

Deploying Corporate Capital as Clean Energy Catalyst: A Case Study of Google’s Impact Roles in Global Energy Transition

Deploying Corporate Capital as Clean Energy Catalyst: A Case Study of Google’s Impact Roles in Global Energy Transition

Research on the Protection of Creditors' Interests under the Reform of Corporate Capital System

In 2003, China's "company law" carried out a major change in the company capital system, which greatly reduced the market access threshold of enterprises and radiated market vitality, but also brought challenges and impacts to the protection of creditors' interests. Under the background of capital system reform, the relevant supporting measures to protect the interests of creditors in China are not perfect. There are deficiencies and defects in the company information disclosure system, shareholder's contribution obligation and disregard of legal personality system in practice, which need to be further solved. Based on this, we should ensure that the creditors fully enjoy the right to know, improve the credit constraint mechanism, and at the same time, add the pre procedure of directors, supervisors and senior executives to call for the payment of capital, expand the scope of application of accelerating the maturity of capital contribution, and clearly determine that "the capital is significantly insufficient", and appropriately reduce the burden of proof of creditors, so as to establish a comprehensive protection system for the interests of creditors.

Determinants of time investment in education and training of corporate workers, by training type

This study aims to identify the factors affecting the participation of corporate workers in vocational education and training, focusing on the types of participation and the total training time. We utilised a hierarchical linear model to analyse the data of 7,985 workers from 392 companies from the human capital corporate panel (HCCP). The results of the study showed that the individual variables of education, job satisfaction, and working hours positively influenced participation. In terms of training types, participation in group, distance, and on-the-job training significantly affected education and training time. At the firm level, industry type and the firm HR infrastructure (such as establishing a human resource development plan) showed an effect. Accordingly, beyond the individual's interest and willingness, firm-level support and systems are needed. Based on these results, we suggest policy considerations at corporate and policy levels to increase Korean workers' participation in vocational education and training.

The Perceived Utility of Education and Training in SMEs on Employee Satisfaction: The Moderating Role of HRM Department Activities

Purpose - Drawing on the content-process approach, this study examines the effect of employees’ perceived utility of education and training in small and medium enterprises (SMEs) on their satisfaction. In addition, this study investigates how the human resource management department’ activities moderate the relationship between employees’ perceived utility of education and training and satisfaction. Design/methodology/approach - This study predicts the positive relationship between employees’ perceived utility of education and training and satisfaction, and HR activities strengthens this positive relationship. To test these hypotheses, this study utilized Human Capital Corporate Panel (HCCP) datasets, especially 2017 data at the individual level. The number of the final sample is 425 for the test. Moreover, this study used the hierarchical regression model with SPSS. Finding - As predicted, the analytical results with the hierarchical regression model showed that employees’ percieved utility of education and training and satisfaction were positively related. In addition, HR activities strengthened this relationship between employees’ percieved utility of education and training and satisfaction. Research implications or Originality - This study will provide academic and practical implications for future research on human resource development, especially SMEs by deepening an understanding of the important factors in order to increase employees’ satisfaction of education and training. the number of viewers is found in most American films released in Korea.

The Role of Ownership Structure and Venture Capital Intervention in Enterprise Performance

This paper selects the 2010-2017 Shenzhen Growth Enterprise Market listed companies as a sample, and uses empirical analysis methods to study the relationship between ownership structure, venture capital intervention and corporate performance. The research results show that: the concentration of ownership and corporate performance. There is a significant negative correlation between the ownership balance and corporate performance; there is a significant positive correlation between venture capital intervention and corporate performance; venture capital intervention can significantly weaken the concentration of ownership and corporate performance. The relationship between venture capital investment can significantly enhance the relationship between the degree of ownership checks and balances and corporate performance.

Capital Structure and Corporate Performance: A Case of China

This research focuses on the capital structure and the corporate performance in China. This research introduces different theories of capital structure. It reviews the studies conducted in different economic entities about this topic and combine with the current research in China, which can provide the evidences for this research to give the assumptions. This research uses three models, ordinary least squares (OLS), fixed effect (FE), and generalized method of moments (GMM) to process the data and find out the relationship between the capital structure and the corporate performance in China. The results of this research show a significant negative correlation between the leverage level and the return on assets of Chinese firms. It shows the relationship between the capital structure and the corporate performance. This research explains this relationship by the characteristics of Chinese market and tries to give suggestion for practice.

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Abstract. The article analyzes the theoretical and methodological approaches to the interpretation of the concepts of "management intellectualization" and "HR management intellectualization", formulates the author's interpretation of these categories, identifies and justifies the impact of HR management intellectualization on the quality of human capital of international corporations. Intellectualization of management is the latest concept of management process, which provides as conditions for effective strategic management of the corporation the need to use intelligent tools and management mechanisms that are innovative and aimed at achieving sustainable long-term competitive advantage and active implementation of these tools into the system of operational and strategic management of the corporation. Intellectualization of management for its practical implementation requires the use of special tools, the priority of which is the comprehensive development of the intellectual potential of the corporation. In particular, the author studied the preconditions for the concept of "Management Intellectualization", the most significant structural changes in the human capital management system in international corporations, and substantiated the latest aspects of the concept of "HR Management Intellectualization" that directly affect on the human capital. It is determined that the key trends in human resource management and improving their quality are the use of HR-analytics and digital technologies. The digital economy transforms the main HR-processes: simplifies mass hiring procedures, the process of corporate training, opens new opportunities in the field of human resource management and quality improvement. Thus, today long-term competitive advantage is given to those corporations that are able to identify future trends and implement innovative intelligent solutions accordingly to this, including in the field of HR-management. Key words: human capital, intellectual capital, intellectual economy, personnel management, intellectualization of management, intellectualization of HR-management, international corporation.

Corporate capitalism’s use of openness

Corporate capitalism’s use of openness

Steam City: Railroads, Urban Space, and Corporate Capitalism in Nineteenth-Century Baltimore

Steam City: Railroads, Urban Space, and Corporate Capitalism in Nineteenth-Century Baltimore

Project Review: SwampScapes

Project Review: <i>SwampScapes</i>

The Role of Corporate Governance as Moderating Variable Between Capital Structure and Mining Company Performance

The performance of a company has been becoming an interest of academics in the field of corporate finance since a decade ago. Mining companies are an important industry for the government as sources of funds to finance the country's development. However, studies on the relationship between capital structure and company performance which is moderated by corporate governance are very limited, especially in Indonesia's context. Therefore, this study aims to investigate the relationship between capital structure and company performance which is moderated by public ownership as a proxy of corporate governance. We apply the agency theory to underpin these relationships. We use the moderated regression analysis to accept or reject the hypothesis. However, the classical assumptions must be satisfied before proceeding to the regression analysis. The findings show that company performance which is measured by Stock return is about 42.99% on average. In addition, capital structure is about 39,73%, with Supervisory Board Independence of 38,11%. The mean value of company size is Rp 26.54 Triliun with company's age is 13.60 years old. The regression result shows that there is no effect of interaction between capital structure and corporate governance on company performance. These results have a practical and theoretical contribution. The phenomena of mining company performance can not be explained by signaling theory in the sense that capital composition could not convey the valuable information for investors and they, therefore, are not influenced by this information in investment decision making. Supervisory Board Independence could not play its role as a monitoring mechanism of Management Board.

Pengaruh Capital Structure, Firm Performance Dan Good Corporate Governance Terhadap Earnings Management

This research was conducted to analyze the effect of capital structure, firm performance and good corporate governance to earnings management on industry companies listed in Indonesia Stock Exchange period 2017-2019. The technique used in this research for determining the research sample was purposive sampling. The number of research sample is 75 companies from 182 companies registered as industry companies. This research was using quantitative approach. Data analysis method used in this research is multiple linear regression analysis. The result showed that in simultaneously capital structure, firm performance and good corporate governance has a significant effect on earnings management. Meanwhile, the result of partial research shows that capital structure and firm performance has a positive and significant effect on earnings management. Board size has a negative and insignificant effect on earnings management. Board independence and audit committee has a positive and insignificant effect on earnings management.

Effect of Institutional Ownership on Financial Performance in Kenya: Moderated Mediation Role of Capital Structure and Corporate Diversification

Purpose: The study aimed at examining the moderating effect of capital structure in the indirect relationship between institutional ownership and financial performance through corporate diversification of listed firms at the Nairobi securities in Kenya. Approach/Methodology/Design: Post positivist research paradigm and explanatory research design guided the study in which 35 listed firms from 2003 to 2017 were included. Findings: There was a significant interaction effect between capital structure and institutional ownership on financial performance through corporate diversification. The study extended market power theory by examining institutional ownership structure given that corporate diversification is not only a source of power to drive a firm’s performance. Practical Implications: Institutional investors provide equity capital that is collaborated with the firm’s capital structure. As a result, there exist sufficient resources to take on diversification strategy despite this translating to a smaller amount in terms of financial performance. The study had implications on Market timing theory which opines that market timing is a ‘first order determinant’ to aid in selecting a suitable form of financing given debt and equity. Ideally, the preferences of different owners in the firm would affect the choice between debt and equity financing. Originality/value: Investigation of the interaction effect between capital structure and institutional ownership on financial performance through corporate diversification.

Climate Management and Structural Ignorance in Ray Hammond’s Extinction

In his dystopian novel, Extinction (2005), Ray Hammond envisions an image of the world in the near future where it is troubled by an extreme form of climate management that enables multi-national corporations and governments from the wealthier regions of the world to control the climate and make profits by selling climate services to the rest of the world. The invasive climate management practices of the capitalist system represented by corporations and governments interfere with and disrupt the natural rhythms of the Earth systems to the extent of the latter’s collapse. Moreover, the representatives of the capitalist self-prioritizing system such as the ERGIA Corporation and the US Government in the novel spread ignorance regarding the true nature of their practices by suppressing and/or obscuring scientific findings and evidence that prove the harmful effects of their relentless climate management. Accordingly, this paper aims at tracing the links between the perpetuated practices of the capitalist corporations and governments, and environmental degradation and collapse in Ray Hammond’s Extinction which presents a world where advanced climate management systems have been implemented in space and weather events are tightly controlled and scheduled. It further discusses how the environmental cataclysms brought about by deep interference with the Earth’s magnetic field via extreme climate management in the novel expose the self-interested and ruthless capitalist system’s failure to see or rather deliberate ignorance of the detrimental and irreversible effects and consequences of large-scale climate management which drives the world to extinction.

Оценка интеллектуального капитала в инновационном развитии корпоративного сектора экономики

The existing global integration and the current trends in the development of the world leaders of innovative entrepreneurship show that the most promising way of development of the Russian economy is the formation of an innovative corporate sector that has effectively established the reproduction of full-cycle innovations. In modern economic conditions, it is the intellectual capital of corporations that is the basis of the innovation economy, and therefore the core of the knowledge economy. However, at present, innovation activity in the Russian Federation is not the main factor in the growth of the national economy. Over the past few years, the state leadership has been paying great attention to issues related to the state of the scientific and technical sphere, as well as to the formation of an effective innovation policy in Russia. The necessity of implementing the results of scientific research in various industries of the Russian Federation is noted. The article evaluates the innovative activity of Russian companies, highlights their strengths and weaknesses, and shows the role of intellectual capital in the innovative development of the Russian economy using the example of the oil and gas industry. The priority value of the corporate research and design complex (on the example of Rosneft) in the reproduction of the company's intellectual capital as a basic unit for making any scientific and technical decisions and producing organizational and managerial innovations in the production areas of economic activity is determined and justified. The study highlights the current problems and promising directions for the development of corporate intellectual capital in basic industries as a key factor in the innovative transformation of the real sector of the Russian economy.

ANALYSIS OF BANK SOUNDNESS LEVEL USING RGEC METHOD BEFORE AND AFTER THE IMPLEMENTATION OF PSAK 71

The changing economic conditions require dynamic regulations on economic system in order to keep the pace of economic growth. By the dynamic nature we mean making constant changes in economic aspects in efforts to adapt to the current conditions. An example could be the bank regulation which is an important institution in distributing funds to concerned parties. The present study aims to determine the differences in bank soundness level before and after the implementation of PSAK 71 in Indonesian commercial banks. We adopted assessments of Risk Profile, Earnings, Good Corporate Governance and Capital. The study used 21 samples collected using a purposive sampling approach. To analyze our data we used descriptive statistics, normality test, and paired t-test. The results indicate that differences were found between all ratios before and after the implementation of PSAK 71, except NPL ratio.

경제적 HRM 시스템과 사회적 HRM 시스템이 구성원의 태도와 행동 및 조직의 운영역량에 미치는 영향 - 시스템 간의 정합성 효과를 중심으로 -

This study analyzes the effect of social and economic HRM systems, which are based on different philosophical perspectives and guiding principles, on the employee’s attitudes and behavior and operational capabilities. The panel survey data from 2007 to 2107 of the Human Capital Corporate Panel(HCCP), which was conducted by the Korea Research Institute for Vocational Education and Training(KRIVET), was used to examine the effects of the two contrasting HRM systems. This paper adopted the random effects panel regression model and response surface analysis to examine the congruence effects between the two HRM systems. First, the results showed that the social HRM system has a positive effect on the employee’s attitudes and behavior and operational capabilities, but the economic HRM system had independent and additive effects on the employee’s attitudes and behavior and operational capabilities. Second, this study found evidence that the effect of social HRM systems on the attitudes and behavior and operational capabilities is greater than that of economic HRM systems. Third, no congruence effects have been found between the social and economic HRM systems. That is, this paper confirmed that the effects of the social and economic HRM systems where the levels of the two HRM systems were matched did not always have a greater impact on organizational outcome than the effects where the either HRM system's level is higher or lower. Fourth, this research demonstrated that the positive effects on organizational outcome are higher where the both HRM system levels are higher than where the both social and economic HRM system levels are lower. That is, the social HRM system increases the attitudes and behaviors of employees and operational capabilities by improving their skills, facilitating motivation, and providing new opportunities. On the other hand, the economic HRM system, which is based on individual incentives, competition among employees, and hiring star talents showed clear limits in boosting organizational outcomes. The results that the social HRM systems are more effective than economic HRM systems and the two HRM system ar not congruent provide significant implications for firms to build evidence-based HRM systems from a theoretical and practical point of view.

외부지향 기업문화와 직무소진 간의 관계: 조직 내 커뮤니케이션의 매개효과와 HR부서의 전략적 역할의 조절된 매개효과

Purpose This study aimed to investigate the mediating effect of communication and the moderated mediating effect of the role of human resource (HR) in the relationship between external-oriented organizational culture and burnout. Methods We analyzed the responses of 10,005 employees from the 2017 human capital corporate panel (HCCP) dataset with SPSS PROCESS macro. Results (1)The moderating effect of the role of HR was significant. (2)Communication partially mediated the relationship between innovative-oriented culture and burnout and fully meditated the relationship of task-oriented culture and burnout. (3)The moderated mediating effect of the role of HR was significant. Conclusion Based on the findings, the present study discussed implications on the relationship between organizational culture and burnout according to the role of HR effect.