Corporate World Research Articles

Article: Customs Law: Deal Maker or Breaker in Mergers & Acquistions? The UAE Perspective

Business sectors around the globe have recently seen rapid changes in the corporate world due to the ongoing pandemic. To financially and economically survive and strengthen their current footprints, businesses have merged and acquired other companies nationally and internationally. This article argues that whilst signing or negotiating an international or national transaction deal, the importance of Customs Law is significant, and should not be underestimated, as non-compliance of Customs Law by the target entity historically may serve significant risk to conclusion of a merger and acquisition deal in certain circumstances. The article discusses the scope of customs due diligence within the specific provisions of the Gulf Cooperation Council (GCC) Common Customs Law (applicable in the United Arab Emirates) and presents the consequences of non-compliance with the Customs Law. The article also presents some suggestions to avoid the trade related issues which may eventually turn into a merger and acquisition deal breaker, if not addressed appropriately. Customs Law, International Trade Law, Free Trade Agreement, Origin, Tariff Classification, Customs valuation, United Arab Emirates

Small and medium enterprises shooting for the stars: what matters, besides size, in outer space economy?

Abstract The popular mindset and widespread narrative, at least until not so long ago, was that in outer space affairs the fiefdom belongs, politically and economically, to governments and big businesses. An array of alliances between few states and their privileged partners from the corporate world constituted the highly exclusivist space ecosystem. Little room was supposed to be available to non-full-fledged spacefaring nations and enterprises originated from them, a configuration furthermore jammed by the fact that international agreements – i.e., the “Outer Space Treaty” (1967) an the “Moon Treaty” (1979) – seem to be rather dismissive of extensive exploitation of celestial bodies, adding to the already prohibitive costs of such endeavours if legitimized. Devoted mainly to scientific exploration paired with exploitation only of planetary proximities – viz., the large satellite population orbiting the Earth, with their support and serviced industries, all estimated at half a trillion dollars –, the space economy, in its high-tech dimension, steadily democratized itself, becoming more competitive, and collaborative too, opening up to small and medium enterprises (SMEs), many coming from emerging spacefaring nations. The literature covering SMEs contribution to the development of the space economy is on track of consolidation, as the process itself is unfolding, with data covering only the most powerful space players (e.g., US, EU). Valuable insights are added starting from the common wisdom that institutions (channelling economic information and incentives) are the main drivers in space development, rather than business size, even more in a competitive- collaborative global economy. A case study is dedicated to the Romanian experience (that of a relatively new and little player in European/global space affairs). A conclusion is that in an economy of unbounded creativity and borderless capital, visionary enterprises, big or small, fit even into the space industry value chains, if a pro-market, pro-business climate is secured.

The Power Elite in the Welfare State 2012–2017: Stability and Change in the Key Institutional Orders of the Core of Power Networks in Denmark

Abstract C. Wright Mills’ framework of power elites did not just address the power structure of post-World War II America. We propose a methodological framework to identify this group—by locating individuals sitting at the core of elite networks—arguing that the sector composition of this group reflects the relative importance of institutional orders within the limits of a nation-state. With two comprehensive sets of network data, composed of around 5,000 potentially powerful affiliations containing approximately 38,000 individuals, we identify a modified version of k-cores in Danish elite networks each composing around 400 individuals in 2012 and 2017. While 55% of the individuals in the core have changed over five years, the core group exhibits remarkable institutional stability. First, sectoral affiliations remain largely the same, as just over half were employed in the corporate world with the rest split fairly evenly amongst union leaders, academics, senior civil servants, and politicians. Other sectors, such as cultural elites, army, clergy, or judiciary were all but excluded. Second, their organizational affiliation also remains stable. Four out of five in 2017 were employed in an organization having a member in 2012. Third, the social background, ethnic background, education, and residence remain largely the same.

PENERAPAN GREEN BANKING DI LINGKUNGAN BANK MUAMALAT INDONESIA

The increasing competition of business or industry makes the behavior of businessmen ignore the natural environment. This causes the emergence of seriousness from the corporate world to increasingly involve themselves in activities that can create a positive impact on social and natural environment. In addition to carry out its function as an intermediary institution, the banking industry is also currently required to be involved in suppressing environmental damage because it is considered necessary to adapt interdepedensially to the environment called Green Banking. This research aims to find out how to implement green banking in Bank Muamalat Indonesia environment. This research used qualitative method by impelementing descriptive analysis using secondary data. The results showed that there are two main green banking programs implemented by Bank Muamalat Indonesia, the distribution of environment friendly financing and environment friendly operational activities, respectively.

Impact of IFRS adoption on the disclosure of management forecasts by industry concentration

ABSTRACTWe aim to investigate the impact of the adoption of the International Financial Reporting Standards (IFRS) on a firm’s strategic voluntary disclosure decisions under different product market conditions. In the corporate world, firms tactically decide the level of voluntary disclosures considering their benefits, like resolving information asymmetry in the financial market, and costs, like providing proprietary information to their rivals. The adoption of IFRS has affected the demands in the financial market for complementary information, and therefore, it would affect the incentive to withhold corporate information in consideration of proprietary costs in the product market. Using a sample of Korean firms, we find that the likelihood of withholding management forecasts in concentrated industries is weaker in the post-IFRS adoption phase than in the pre-IFRS adoption phase. This is because there are greater demands for corporate disclosures for firms in concentrated industries in the post-IFRS adoption phase than earlier. Moreover, we find that the influence of IFRS on the decision of firms in concentrated industries to disclose management forecasts is significant only for firms with higher market power and higher financial leverage.

Special Issue: Symmetric and Asymmetric Encryption in Blockchain

The technology that is most likely to change the corporate world in the next ten years is not social networks, Big Data, cloud computing, robots, not even artificial intelligence, but blockchain [...]

The Deconstruction of Personhood and the Rights-holder/Rights-object Binomial

A long-lasting tradition of Western thinking has considered that human nature and the individual are non-historical and self-identical; both represent a fixed and immutable reality, either because they are an expression of transcendence (scholastics) or because they are an end on their own (enlightened). This notion of the human person leads to a concept of dignity that is equally self-identical and expressed in the intrinsic value of a reality whose endpoints are perfectly delineated in a dialectical binary opposition concerning non-personal realities. As a counterpart, the thesis that declares a metaphysical closure denounces the end of that trend, as the former would lay the basis to reshape the personality, replacing the logic of the opposites with the logic of supplement, whose properly deconstructive element lies in the denial of the possibility of foundation. This implies a double destructuring movement: (a) to affirm that some nonhuman reality of the corporeal world is also personal, and (b) to deny that human reality is always and, in any case, personal. This paper aims to explain how this reconfiguration of the notions of “person” and “thing” occurs in current thinking.

Diversity in Business Development-Why Representation Matters?

It has been rightly said by Josh Bersin- ‘Companies that embrace diversity and inclusion in all aspects of their business statistically outperform their peers.’ Today, Diversity and Ethnic Inclusion, popularly known as DEI, is gaining momentum in the corporate world. More and more companies are focusing on being diverse by incorporating D&I policies at all workforce levels. However, making a company diverse and inclusive is much more than a matter of ethics.It is also a driving force of growth,revenue, and profit. This article explores the current trends of the subject matter along with the contemporary statistical analysis and how the organizations are faring in this regard. One of the contemporary trends is inclusion of women and people of color in the leadership positions in business organisations- the same has been statistically proven to result in economic gains. This article enlists several instances and examples which further the cause and the subject matter of the point of workplace diversity. Furthermore, this article exposes the flaws in the current diversity rhetoric and outlines what a 21st-century inclusivity paradigm could look like as well as how leaders can foster it. The reader will be able to acknowledge the dynamic paradigm of this issue and will be able to understand a gist of the concept of workplace diversity and how it is still a work in progress.

Understanding the dynamics of capital structure, corporate governance, and corporate social responsibility in high- and low-leveraged US and Chinese firms.

Corporate social responsibility turned into a global sensation from the inception of the twenty-first century in the corporate world and grabbed immense engrossment from all stakeholders in their decision-making process. Capital structure and corporate governance practices are the well-mellowed facets of corporate finance literature. In this study, the moderating role of corporate social responsibility (CSR) between corporate governance and leverage of the US and Chinese listed firms has been established, with a further extension of analyzing the moderating role of CSR between corporate governance and leverage in high vs low leveraged firms and high CSR vs low CSR firms as the novelty of this study and has never been examined in both economies and globally. The data of 1989 Chinese-listed firms from 28 sectors of the economy and 6640 US-listed firms from 27 sectors of the economy has been taken from 2001 to 2019 and analyzed through fixed effect regression and system generalized method of moment (GMM). Results of the study reveal that CSR and corporate governance are negatively associated with the leverage of both Chinese and US firms. Moreover, the moderating role of CSR has established between corporate governance and leverage negative relationship. The moderating role of CSR in the relationship of leverage and corporate governance is established only in low-leveraged firms whereas it is insignificant in high-leveraged firms. System GMM confirms the signs and significance of the regression results; that is why regression results are robust and reliable, and there is no endogeneity problem in our model. The study also gives an insight for future research on high- and low-leveraged firms and firms with more CSR score than less CSR score with other dimensions such as firm performance and firm value variables.

JUXTAPOSITION OF ECOCRITICAL CONSCIOUSNESS IN THE MOVIE 'KADAMBAN' AND SARAH JOSEPH'S GIFT IN GREEN

Literature and Cinema are interconnected but they are also distinct in their own ways. It has long been one of the most intriguing fields of science with a profound effect on the human psyche. These are the forms of expression that can be accessed by all ages and employed as a medium to depict the social and environmental catastrophe in their works. The research paper focuses on the ecocritical consciousness in the movie 'Kadamban' and the fiction, Sarah Joseph's Gift in Green. The research article is about corporate greed and strong interests going up against a native, local population that would not leave its territory. A tribe of people who were satisfied to live in the jungle were suddenly attacked by shrewd businessmen. A city industrialist was anxious to get his hands on the large limestone dump that was recently discovered. For more money, the corporate world would do anything. It is more similar in the movie 'Kadamban' and the fiction Gift in Green. It is a unique book about the connection between individuals and the environment they live in is Gift in Green. In the novel, Young Kumaran would like to change his own native place. His plans for development, such as the construction of highways and bridges, suffocating aquatic life, driving birds and butterflies from fading mangrove forests, and allowing poisons to seep into rice fields that have provided food for hundreds of years. They were all destroying the forest in the name of capitalism, industrialism, modernism, colonialism. This article highlights how the locals overcame challenges and fought to preserve their own land through the movie, Kadamban and Sarah Joseph's Gift in Green.

An Experimental Study on the Differences between Classical Machine Learning and Quantum Machine Learning Models

The field of Machine Learning (ML) brought a massive revolution and change in how normal day operations used to happen in various businesses. The idea of ML was quite simple, merging two separate fields, Mathematics and Computer Science. This simple idea is the very reason that so many predictive and classification-based applications exist today. The development of such applications is a time-consuming process and is very computationally heavy because in the corporate world, a very large amount of historical data is used and processed. The training processes such as pre-processing, data engineering and transformations, deep learning, training and testing are themselves time consuming. A very new field of computer science deals with solving this exact problem of time consumption. Quantum Computing (QC) tries to solve these problems by using the concepts of Quantum Mechanics during computations. The QC technology claims to be not only fast in its computational speed but also more efficient and accurate as well. The following article consists of an experiment conducted where a machine learning model is trained in a classical computing environment using K-Nearest Neighbors (KNN) algorithm versus in a quantum computing environment using Quantum K-Nearest Neighbors (QKNN) algorithm.

In between light empowerment and corporate moderate feminism

The relation between the institutional frameworks and the promotion of gender equality, considering the corporate social responsibility (CSR) movement, has been scarcely analyzed from the experiences of developing economies. We aimed to contribute to fill that gap, bringing to the debate the concepts of emancipation in organizations and support groups. We asked: in which ways, gender equality fostered by initiatives implemented in developing economies by transnational corporations in the form of support groups allow for organizational transformations that strengthen the process of women’s emancipation in the corporate world? So, an ethnography was undertaken within a transnational company of the financial sector that operates in Brazil. The results show that these initiatives can only lead to organizational transformations that strengthen women’s empowerment if they are inscribed in an institutional framework that guarantees the participation of multiple actors.

To Study the Importance of Uniform in Corporate World

Uniforms, be in corporate or industrial, are strengthening the structures of any organization in today’s society. The importance of wearing uniforms at work is not limited to just creating brand awareness, but can also be functional like in the case of industrial workwear or be worn as a matter of pride like in the military. Within a manufacturing industry mainstay in today’s world, they serve a larger purpose than being a brand identity by providing production, maintaining safety, security, and other functionality. Earlier, during the industrial revolution, employees and managers were made to wear uniforms to distinguish them between their ranks and roles. This report highlights the importance of uniforms in corporate world. As work uniforms promote a sense of team spirit and a sense of belonging. This, in turn, can improve worker productivity. Employee benefit. Employer provided uniforms save employees money, and when provided as part of a Rental Program, eliminate employee laundering time and expense.

THE IMPORTANCE OF COMMUNICATION, EMOTIONAL INTELLIGENCE AND TEAMWORK IN CORPORATION

The article examines the importance of communication, emotional intelligence and teamwork in the corporate world. Justifies the study, the occurrence of several problems in the corporate world, which derive, in short, from misconceptions in communication, both on the part of those who enunciate and those who interpret the statements and orders received. The objective of the work is to examine the importance of dialogue and consensus on what is true and appropriate for corporations, according to the social, economic and political context. As a predicted result, it is expected to delimit part of the scope of a relative and changing truth, especially in the business world. In this context, finally, we will also examine the importance of Emotional Intelligence and Teamwork, seen as fundamental factors for efficiency in the corporate world environment, in the work of Weisinger (1997).

A videoanimação “Purl”: uma análise na perspectiva da Semiótica Sociointeracional

Abstract Considering the assumption that the primary responsibility of educational institutions is to develop citizens, we understand that the discussion of sometimes controversial topics can contribute to the refinement of social relations. We argue that the animation genre can be an excellent resource to encourage this type of reflection in a playful and appealing way. Therefore, this text analyzes the short film Purl (2018), which addresses the theme of sexism in the corporate world. To this end, we adopt the sociointeractional semiotics analysis model as our theoretical framework, developed by Leal (2011), based on concepts from socio-discursive interactionism - SDI ( BRONCKART, 2012) and the grammar of visual design - GVD ( KRESS; VAN LEEUWEN, 2006). At the end of the article, we present considerations regarding the possibilities of working with multiliteracies, using animation as a tool for working with language practices in the classroom, guided by a perspective that can effectively contribute to the development of critical subjects and citizens.

DO AUDIT COMMITTEE ATTRIBUTES ENHANCES ASSURANCE SERVICES OF LISTED MULTINATIONAL FIRMS?

Credibility and quality of audited corporate financial report domiciles in the assurance services rendered by the professional experts. Divers of these experts of assurer of subject matter exist in the corporate world that enhance and add value of information to the quality of financial statements. Thus, this study's focal point is to investigate enhancement service rendered by the Audit Committee Attributes (ACA) as its services affect the quality of financial statements of multinational companies. The study employs desktop and ex post facto research designs to dissect the data. The result reveals that ACA metrics such as Ardit Committee Size (ACS) and frequency of Audit Committee meeting (FACM) have adverse influence on the quality of financial statement, on the second side Audit Committee Gender Diversity (ACGD) has enhancement influence on the quality of audited financial report.

Impact Research: Theory and Practice in the Corporate World

RESUMO O impacto que uma pesquisa causa na sociedade não pode ser medido apenas pela quantidade de atenção (citações) que essa pesquisa atrai. Uma pesquisa de alto impacto é aquela que tem alta relevância para a sociedade, sendo útil para fortalecer ou modificar suas práticas. Mas, para isso, o tomador de decisão precisa endereçar suas demandas e participar do processo de construção do conhecimento, especialmente por meio do uso adequado dos achados científicos. Assim, para que a pesquisa seja relevante, é essencial a aproximação entre teoria e prática. É nesse contexto que proponho a reflexão sobre a relevância da pesquisa e sua conexão com a prática no mundo corporativo. Relato que, apesar de extensos estudos nos campos da gestão, da governança e das práticas de sustentabilidade, nós continuamos a nos deparar com frequentes escândalos corporativos. Então, onde está a falha nesse processo?

Factors influencing agility on start-ups: a TISM approach

Innovation and technology are driving forces in today's corporate world. Start-ups have ushered in a new era of disruptive innovation. They've paved the door for more innovation and better inventiveness. Despite giving funding and technology, a huge proportion of start-ups have failed. The inability to deliver agility is one of the most common reasons for a start-up's failure. The goal of this paper is to recognise the elements that influence the agility of start-ups and to investigate their interrelationship. The study used "total interpretive structural modelling (TISM)" to perceive the interconnections and transitivity of the elements and to examine their interrelationships. The TISM methodology is used to investigate the interdependence of the suggested elements that influence the agility of start-ups. The TISM approach has aided in the growth of a hierarchical structure of the recognised elements, which depicts the dependent factors and driving factors. The methodology is also used to rank the factors based on its impact on start-up agility. The results of the study recommend anticipation, collaboration and training are important driving elements in accomplishing agility in start-ups. The findings of this research will help start-ups investigate the elements that motivate them to achieve agility in their start-ups. This will make it easier for start-ups to plan their processes in order to achieve agility.

Max-Miner Method in Improving Food Sales Strategy

Competition in the corporate world is currently very intense, especially in the retail business sector, one of which is the retail food business. Building a minimarket retail business, provides staple foods that are unavoidable using information technology to support the smooth sales of these products. The use of this information technology has become a necessity in the retail minimarket business world whose aim is to provide maximum profits and minimal losses with promotions that must be done in terms of providing the best service in a retail minimarket that must use the best business strategy, but sometimes the retail minimarket manager constrained in determining the sales strategy. One of the factors is the difficulty of producing an analysis related to the products sold. Therefore we need an analysis of the application of data mining so that product sales at retail minimarkets are increasing and service to consumers is getting better. In this design data mining and algorithms are used, namely market basket analysis and Max-Miner. By applying the Max-Miner method in the data mining process for sales strategies at retail minimarkets, it will produce rule associations that will become product recommendations that will provide a decision in sales strategy for the mini market

Unmasking Gender Diversity: The Real Story of Women in the Corporate World

Unmasking Gender Diversity: The Real Story of Women in the Corporate World