Corporate Capitalism Research Articles

Organizational culture, leaders’ vision of talent, and HR functions on career changers’ commitment: the moderating effect of training in South Korea

The purpose of this study was to examine the relationships among organizational culture, leaders’ vision of talent, HR functions, training, and organizational commitment of employees who have experienced a career change. A total of 484 responses were analyzed using structural equation modeling based on data obtained from the Human Capital Corporate Panel (HCCP) survey in South Korea. The findings indicated that organizational culture positively influenced HR functions and organizational commitment. Additionally, HR functions directly affected organizational commitment while the leaders’ vision of talent indirectly affected their organizational commitment via HR functions. Furthermore, training practices positively moderated the relationship between HR functions and organizational commitment. Discussion, implications, and recommendations are elaborated.

Stakeholder Capital Mobilization and Corporate Social Responsibility

One of the most cited benefits of corporate-nonprofit partnerships is their ability to create associational value for each partner. This value, however, is contingent upon stakeholder evaluations o...

Old School Rules

This article considers the unique features of what we call Old School storefront signs in Brooklyn, NY. These signs, which were often hand-painted and notably text-rich with large-size fonts, signaled an openness to all in a highly diverse, multi-cultural urban area. At the same time, very laconic, ambiguous and ironic gentrifying (or what we call New School) signage is replacing these Old School storefront signs at a rapid pace. Using sociolinguistic, semiotic and aesthetic analysis, we show how Old School shop signage acts as a “register of place.” The openness of this register allows it to adopt and incorporate elements preferred by Brooklyn’s gentrifying population. Also, we show how New School businesses begin to take on certain semiotic and textual features of Old School shops in order to survive in the face of corporate development. This appropriation of form/format, we argue, further demonstrates the effectiveness of Old School “rules,” which allow these signs to remain despite accelerating gentrification and the relentless march of corporate capitalism. Old School, as a marker of history and as an iconic form of place, is a living style that represents the past, has been transformed by the present, and perhaps has the power to change the future.

Modelling of innovative development of companies

The authors investigated the problems of innovative development of Russian enterprises. To solve these problems, the conceptual model of innovative development of the enterprise, based on an innovative system of vertical and horizontal interaction of market participants. Particular attention is paid to the characteristics of innovative development tools whose effectiveness can be evaluated on the impact on the innovative activity of the enterprise, and, consequently, its innovative development. Among the innovative development tools identified: human capital development tools and corporate growth management tools, organizational and economic management tools, management tools of scientific and technical potential of the enterprise.

Donald Trump, Globalization, and the Russia Connection in Election 2016

Donald Trump can best be understood in the context of the rise of authoritarian populist, nationalist, and antiglobalist movements throughout the world. In this article, I focus on the assault on globalization in the Trump campaign, look at his administration and actions as president, and raise questions about whether he has betrayed his antiglobalist followers and is pursuing business-as-usual for global, corporate capitalism—or something else. This investigation also leads us into engaging the Trump campaign/administration connections with Russia and the role of Russia, cyberwar, and global computer networks in Election 2016.

Working Capital Management and Firms' Profitability in the Midst of an Economic Crisis

The purpose of this article is to identify the relationship between working capital management and corporate performance in adverse economic circumstances. The results show positive relationship between profitability and cash conversion cycle, firm's size, growth and leverage and negative relationship between profitability and components of cash conversion cycle. Analysing the impact of the crisis it can observe that the companies can increase their profitability by reducing the period of credit granted to customers. The significance of this study stems from the fact that it sheds light for the desirable firms' policy during the period of financial constraints. Prior research on this subject has looked into various issues related to the linkage between working capital management and profitability, however, none has examined what this relationship looks like following a prolonged economic crisis.

What is the Role of Institutional Investors in Corporate Capital Structure Decisions? A Survey Analysis

We survey institutional investors about their role in capital structure decisions and views on capital structure theories. Over 82% of investors believe they influence corporate capital structure decisions, especially for smaller, younger, and more financially constrained firms. Unlike corporate managers, investors consider agency costs of free cash flow important drivers of capital structure. Investors’ responses also support pecking order and market timing theory. Most investors find financial constraints important, with components of the Kaplan–Zingales and Whited–Wu indexes dominating other proxies. Our findings suggest a first-order impact of investor preferences on securities issuance and design choices.

The Effect of Tax Credit for Employment and Investment on Corporate Capital Investment and Labor Investment Efficiency

고용창출투자세액공제 제도는 기업의 시설투자와 고용증대를 연계하여 기업 경쟁력 강화에 기여하고자 2011년 도입되었다. 하지만 동 제도의 절세효과로 인한 기업의 투자금액 증가가 향후 기업의 성장동력이 되지 못하는 경우 기업투자에 대한 사후 보조금에 지나지 않게 된다. 이에 본 연구는 고용창출투자세액공제가 기업의 자본투자효율성과 노동투자효율성에 미치는 영향 및...

How Minority Religion Can Shape Corporate Capitalism: An Emergentist Account and Empirical Illustration

Theories of how religion shapes business tend to focus on dominant religious institutions. What happens in the case of minority religions, where the alignment of religion with other dominant institutions may be weak at best? To answer this question, I first develop an emergentist account of religion, explaining how macro-level conditioning shapes meso- and micro-level interactions in religious contexts, leading to either structural change or stasis in business contexts. I illustrate this account by examining how Roman Catholicism as a minority religion shapes corporate capitalism in two cities: Bangalore, India, and Dubai, UAE. Drawing on in-depth interviews ( N=200) and 12 months of participant observation, I show how countervailing mechanisms create both assets and liabilities for Catholic professionals’ success in workplaces, contributing to morphostasis rather than change. I argue that such processes cannot be adequately understood without specifying their “macrofoundations,” and identify corresponding macro-level influences at global and local levels. By specifying such macro-micro linkages, this article improves our understanding of how religion shapes business.

إستراتيجيات الدول الغربية لتوجيه محتوى الإعلام الدولي (دراسة تحليلية للمرتكزات والسياقات والأساليب)

This study sheds light and discuss the western dominance on international communication by looking specifically on theoretical and organizational aspects to achieve the goals of the capitalism which prove to be impossible by using political and military means. 
 All of this is far away from the ethical and democracy values including legal standards agreed by the international community to advocate information freedom and building networks to share and guarantee the follow of information globally between nations. 
 Like human rights, protection of marginalized communities, aid and development etc which pass under the cover of communication and information revolution, market needs and other catch words used by the western world to cement its dominance and influence.
 Media today is represents the capitalist corporate sector interests and it became its main tool to achieve its strategic capitalism objectives, third world countries need to face and fight this soft power by looking to fill the technology gap, and raising the awareness, building peace between communities and enhancing the chances of cohesion, and reducing the margins of civil wars. It’s a big demand from these third world communities and its governments since this globalization is threatening the core existence, nationalization, and identity of nations.

Working Capital Management and Corporate Performance: Evidence from Sri Lankan Listed Manufacturing Firms

Working capital that represents a significant portion of a firm’s total assets affects its profitability and liquidity. This study examines the performance effects of working capital management using a panel of listed manufacturing companies on the Colombo Stock Exchange (CSE) over the period 2011 to 2016. Controlling for unobservable firm specific heterogeneity and a set of observable firm characteristics, we document that working capital is non-linearly (inverted U-shaped) related to firm profitability. This indicates the existence of an optimal level of working capital that balances the costs and benefits of maintaining working capital, and maximizes firm’s performance.

Analisis Pengaruh Kinerja Keuangan terhadap Struktur Modal pada Perusahaan Makanan dan Minuman di Bei

This study was conducted to examine the influence of liquidity, profitability, firm size and corporate growth to capital structure of food and beverage companies listed in Indonesia Stock Exchange period 2012-2015. Population in this research are 18 food and beverage companies that have been and still are registered in Indonesia Stock Exchange period 2012-2016. Sampling technique used Saturation Sampling is a sample determination technique when all members of the population used as a sample.Teknik data analysis used is to use multiple linear regression test. The results showed that Liquidity, Profitability and Company Size have negative and significant effect to Capital Structure. Corporate Growth Variables have positive and significant effect to Capital Structure. Simultaneously Liquidity, Profitability, Company Size Company Growth Influence on Capital Structure. The prediction ability of the four variables to the Capital Structure is 53.4% ??as indicated by the magnitude of adjusted R square of 0.534 while the remaining 46.4% is influenced by other factors not included in the research model.
 Keywords: capital structure, liquidity, profitability, firm size, and corporate growth.

PROPORSIONALITAS WARTAWAN TELEVISI LOKAL DI BATU TV

Abstract This study aims to determine the extent to which the professionalism of TV journalists to process information to become a debate of opinion for the local community about local phenomena. The process of producing is important to provide good content to the public. The good is presented by journalists who understand and adhere to the journalist's code of ethics. Because journalists are professionals who work based on rules or code of ethics journalism an operational handle to maintain public confidence, uphold integrity and professionalism. The performance of journalists must uphold the code of ethics of television journalists, among other things to engineer events, images or sounds to be made news (article 5 point c) and then in chapter 10 point c reads as distinguish between the facts and opinions, . It relies heavily on the quality of human resources of television journalists to produce quality news. The results obtained in the study show that Journalists at Batu TV are not free individuals who produce truth through journalistic outcomes, but rather because of the demands of corporate capitalism. Batu TV prioritizes Profit Oriented so that the is dominated by order (blockingtime). Under these circumstances, journalists are faced with a dilemma between a pure report in the journalist's code of ethics with of orders being polished for commercial demands. Keywords: Code of Ethics Journalism, News, Local Journalists DOI : https://doi.org/10.26905/nomosleca.v4i1.2073

Поляризация корпоративного капитала в условиях глубоких технологических преобразований

Поляризация корпоративного капитала в условиях глубоких технологических преобразований

Corporate Capital Structure Changes during Financial Crisis: Case of Polish Companies

The paper is addressed to the subject of corporate capital structure (equity and debt relation) for Polish companies. The aim of the paper is to identify the changes in capital structure with regard to the recent financial crisis. The research hypothesis is that the leverage would decrease during crisis period and increase after crisis. In the paper the impact of financial crisis on capital structure was analysed on four sets of data: data for all companies of the whole economy, panel data of Polish listed companies, panel data of Polish listed companies with the lowest debt ratio in 2005 (panel A) and panel data of Polish listed companies with the highest debt ratio in 2005 (panel B). The descriptive statistics and the statistical testing of the differences were employed. The multivariate regression analysis was also employed to identify how different factors affect the capital structure. The main finding of the paper is that Polish companies generally did not change their capital structure during financial crisis time. This is especially true for the panel sample and panel B, while companies from panel A increase their debt ratio despite financial crisis.

INFORMATION COMMUNISM IS NEW ECONOMIC REALITY

The article gives modern negative trends analysis of state and corporate capitalism, illustrates describes attempts to solve them within the current economic model as unsuccessful. There is formulated specific of IT industry economic model, as immaterial industry, leads to new base of «supplier-consumer» relationship. The article introduces new term – «information communism» to explain this new base, arises the problem of adequate organizing form invention.

Comparative Analysis of Human Resource Development by Industrial and Occupational Characteristics of Science and Engineering Graduates Using Korean HCCP(Human Capital Corporate Panel)

Comparative Analysis of Human Resource Development by Industrial and Occupational Characteristics of Science and Engineering Graduates Using Korean HCCP(Human Capital Corporate Panel)

De-Globalization and Impact of Brexit on Global Economy and SAARC Nations

The paper attempts to discuss the new and upcoming concept of de-globalization in the context of the latest issue making waves on the international circuit, that is, Brexit-the exit of Britain from the European Union (EU) through a referendum held on 23rd June 2016. The paper first builds upon the historical context of the term ‘globalisation’, its genesis and history and throws light on the economic, political and cultural connotations of the term. It then moves on to discuss and define the upcoming and pertinent issues, which have surfaced to the forefront of the developed economies like ‘Corporate capitalism’, ‘Neoliberalism’, ‘Alter or Anti-globalisation’, and now finally ‘de-globalisation’. By connecting these dots together, the paper attempts to bring about the impact of Brexit on Britain, the EU, and world economy at large by specifically bringing out arguments in favour and against the Brexit proposal. The paper further delves down to discuss, underline, and elaborate on the lessons, which the South Asian Association for Regional Cooperation nations, especially India, can learn from this policy of de-globalization being adopted by the British economy.

An empirical test of replacement costs of turnover using human capital corporate panel in Korea

Scholars have devoted considerable attention to the role of turnover in influencing organizational resource allocation. Because research that addresses employee turnover based on longitudinal data remains relatively limited, the impact of employee turnover in a given time period on future turnover, as well as replacement costs, requires further explanation. This study uses the turnover–replacement cost mechanism to empirically test panel data from 224 South Korean firms between 2005 and 2015 (T1–T6). The findings indicate that the relationship between turnover and replacement costs gradually recovered following the global financial crisis and that the carryover effects have been dynamic over time. Although we found no significant effects that confirm the dynamics in our model, our findings suggest that firms must identify unstable dynamics and patterns to address future economic uncertainty. Finally, a comparison of our model to models without control variables reveals similarities and differences between the two control variables (i.e. firm size and type of industry).

“The Wrong Building, in the Wrong Place, at the Wrong Time”: Marcel Breuer and the Grand Central Tower Controversy, 1967–1969

In the late 1960s, New York's Landmarks Preservation Commission rejected a scandalous proposal submitted by Marcel Breuer and Associates to float a fifty-five-story office tower in the air rights above Grand Central Terminal. The tendency among historians has been to treat Breuer's tower as an act of vandalism, but this article argues that such an interpretation obscures the real political and economic stakes of the controversy. In fact, Breuer's design uncovered the single-minded profit orientation of development interests and the preservationists who opposed the scheme operated less on behalf of a landmark threatened with defacement than against an economy of development operating without meaningful public oversight. Contemporary accounts repress this antagonism between preservationists and a growth machinery operated by corporate capitalists; they repress exactly what the proposal made visible to its critics. And the scandal of Breuer's proposal was not in the threat it posed to the terminal but precisely in the irreconcilability, in the 1960s, of development and preservation.