Financially Successful Research Articles

Sustainable of HRM System and Strategies for Corporate Sustainability

Abstract: This abstract discusses the goal of improving connections between organizations and stakeholders through sustainable human resource management (HRM) practices that balance financial success with corporate sustainability across social, human, and environmental dimensions. Design and Methodology: Operationalizing sustainable HRM involves bundling pro-financial, social/human, and environmental qualities into suggested HRM practices and synergizing them to produce integrated sustainability outcomes. Understanding the differences between control-oriented, commitment-based, and sustainable HRM systems allows organizations to tailor practices to sustainability goals. Findings: Eco-friendly HRM practices like environmental management systems can integrate sustainability into core competencies. Further research on effective HRM practices bundles is needed to grasp how to achieve optimum corporate sustainability fully. Practical Implications: Sustainable HRM is crucial for meeting social, human and environmental targets; financial and productivity goals will suffer without effectively implementing such HRM practices. Businesses must focus on sustainable HRM to connect with stakeholders while being financially successful across sustainability’s triple bottom line – social, human, and environmental aspects.

Flawless victory! Investigating search and experience qualities as antecedent predictors of video game success

In recent years, video games have been on the rise as entertainment goods, leading to a growing interest by practitioners, researchers, and, of course, consumers alike. While a few unusually successful video games produce overall high revenues, most released games struggle to break even. Hence, there is an urgent need to better understand what distinguishes financially successful games from nonsuccessful video games. Accordingly, several researchers have called for investigations into the drivers of the financial success of video games. However, empirical studies within this respect are still lacking. Based on longitudinal data of 351 video games, the current study strives to fill this research gap by investigating the relative importance of potential success factors for the short-term and long-term financial success of video games. The results of multiple regression analyses confirm that search qualities such as brand popularity, reviews, and awards as well as experience qualities such as graphics, sound, and game duration significantly drive financial success in terms of the total number of sold video games in Europe. Consequently, managers in the video game industry can boost their chances for the production of a successful video game by focusing on these factors.

ALTMAN Z SKOR MODELİ İLE BİST SPOR ENDEKSİNDE İŞLEM GÖREN İŞLETMELERİN FİNANSAL DURUMLARIN DEĞERLENDİRİLMESİ

İşletmelerin hedeflerine ulaşabilmeleri için finansal olarak başarılı olabilmeleri ve faaliyetlerini kesintisiz şekilde yerine getirmeleri gerekmektedir. Finansal açıdan başarılı olamayan işletmeler, finansal başarısızlık riskiyle karşı karşıya kalmaktadır. Finansal başarısızlık, işletmeler için olumsuz olası sonuçlara neden olmakta ve hem şirketler hem de ülkeler için istenmeyen durumlara yol açmaktadır. Finansal başarısızlık işletmelerin yaşamlarının sonlanması veya faaliyetlerin yenilenerek yeni düzenlere geçmeleri ile sonuçlanmaktadır. Bu çalışma, BİST Spor Endeksinde yer alan işletmelerin finansal başarısızlıklarının tespit edilmesi amacıyla gerçekleştirilmiştir. Çalışmada BİST Spor Endeksinde yer alan dört işletmenin, 2017-2020 yılları finansal tablo verileri kullanılmıştır. Çalışmada Altman Z Skor Modeli ile BİST Spor Endeksinde yer alan işletmelerin finansal başarı durumları analiz edilmiştir. Çalışma sonucunda, BJKAS işletmesi 2020 yılında belirsiz alanda kalırken, diğer işletmelerin ilgili dönemleri sıkıntılı ya da başarısız olarak nitelendirildiği sonucuna ulaşılmıştır. Daha sonra gerçekleşecek çalışmalarda BİST Spor Endeksine farklı finansal tahmin modellerinin uygulanması, değerli araştırmacılara tarafımızca önerilmektedir.

Executive MBA (EMBA) Degree–Oral and Maxillofacial Surgery Certificate Integrated Program at the University of Rochester: A Pathway to Earn a Specialized Finance Degree During Residency Training

Executive MBA (EMBA) Degree–Oral and Maxillofacial Surgery Certificate Integrated Program at the University of Rochester: A Pathway to Earn a Specialized Finance Degree During Residency Training

Demographic Analysis of Financial Literacy Level in Azerbaijan

Financial literacy is knowledge that every person needs in everyday life. Studying theory, mastering practical skills, developing financial thinking - all this will allow each of us to become financially successful. Research Objective: The aim of this study is to ascertain the financial literacy level of individuals living in Baku, The Republic of Azerbaijan. 280 people between the ages of 17-60 were involved in the survey, comprised of public and private sector employees, self-employed, retirees and students to attain this objective. Method: SPSS 25.0 for Windows package program was used to evaluate the research data. First of all, frequency was determined in the research. While testing the hypotheses of the research, t-test was applied for independent samples, and Mann Whitney U test was used for comparison of two nonparametric independent groups in the examination of the differences between more than two groups. In addition, the Chi-Square test was utilized to ascertain the degree and direction of the relationship between the relevant variables. Factor analysis has been practised to reduce the number of basic dimensions or group, the variables to facilitate understanding and interpretation of the relationships between multiple variables. In order to decide on the correctness of the answers given to the questions, reliability analysis was performed. Results: In consequence of research, the average level of financial literacy success is determined to be 75% in Baku. Nevertheless, financial literacy level of the participants differs according to demographic variables such as gender, age, marital status, income, profession, education level. Conclusıon: These results can be used to guide policy makers where to place more emphasis in terms of financial education for Azerbaijans.

The Impact of Hospital and Health System Leadership Development Practices on Bond Ratings.

Shifts in healthcare policy, patient consumerism, and organizational consolidation are driving the need for hospitals and health systems to adapt if they are to achieve sustainability. Prior research has suggested that businesses with strong leadership development practices also demonstrate greater financial success and competitive performance. However, few studies have examined the impact of leadership development on organization-level outcomes, generally, or in the healthcare industry, specifically.Our goal in this study was to examine the association between organizational leadership development practices and external perceptions of creditworthiness in the form of bond ratings. Data were drawn from the 2014 and 2016 distributions of the National Center for Healthcare Leadership's National Health Leadership Survey; organizational credit ratings were obtained from Moody's Investors Service and S&P Global Solutions. Spearman's rho correlations and polynomial ranked regressions were used to determine the significance of the relationships between leadership development practices and bond ratings. Results provide preliminary evidence of associations between investing in leadership development and organizational creditworthiness. They also suggest, however, that the most financially successful health systems may de-emphasize certain kinds of leadership development practices relative to their peers. We discuss implications of these findings for organizational leaders investing in human capital as well as healthcare executives evaluating the development potential of prospective employers.

A Similarity Mindset Matters on Social Media: Using Algorithm-Generated Similarity Metrics to Foster Assimilation in Upward Social Comparison

Upward social comparison on social networking sites (SNSs) makes SNS users feel bad about themselves. Would emphasizing overall similarity between SNS users and the upward comparison targets make them feel good about themselves (i.e., assimilation)? We examined this question using a 3 (overall similarity: zero vs. moderate vs. high) × 2 (comparison dimension: physical appearance vs. financial status) between-subjects online experiment with 143 college students. Participants were recommended with a Facebook user who was physically attractive or financially successful (i.e., an upward comparison target). Right before seeing more details about the target, participants saw a visual cue indicating they shared zero (0%), moderate (50%), or high (90%) overall similarity with the target purported to be algorithm-generated. Results revealed that after seeing images showing the target’s physical attractiveness or financial success, those who shared moderate and high overall similarity with the target rated themselves more positively on physical appearance and financial status and also reported higher liking for the target, the effect of which was mediated by perceived similarity with the target. Moderate, but not high overall similarity improved participants’ life satisfaction. Theoretical and design implications are discussed in light of our findings.

Why social sustainability counts: The impact of corporate social sustainability culture on financial success

Awareness is growing in European companies of the importance of managing all aspects of sustainability. However, the elusive social aspect of sustainability and its influence on successful business has been under-investigated in corporate culture literature so far. The aim of this paper is to examine whether a correlation can be found between corporate social sustainability culture (expressed as explicit “items” of corporate values and practices emphasizing employee and societal well-being) and the financial success of a company. This is examined through a multiple regression analysis of two contrasting European polls, examining items indicating corporate social sustainability culture, and financial outcomes. The empirical results show that four specific success-related social sustainability dimensions of corporate culture are predictors of a company being classified as financially successful. These are: Sustainability strategy and leadership; Mission, communication and learning; Social care and work life; and Loyalty and identification. The paper contributes to the understanding of how to manage corporate social sustainability culture whilst supporting companies’ financial performance, and provides evidence-grounded recommendations to business managers and stakeholders aiming to manage social sustainability proactively by undertaking cultural change and development initiatives.

Досвід роботи Лондонської бібліотеки: виклики сучасності та стратегія розвитку

The article substantiates that cardinal political and cultural changes in the Ukrainian society and the introduction of the latest digital technologies set before educational and public libraries the task of searching for new development strategies and functioning models in the humanitarian knowledge system that meet modern society needs. The features of strategic planning of the work of the oldest library in the UK – the London Library – have been revealed. The development strategies of the cultural and educational institution — its mission, strategic goals, and innovations — have been considered, which allowed it to achieve professional and financial success. The development strategies of the London Library have been analysed, making an excursus into the institution’s history and its modern life. It is emphasized that every five years a new development strategy is developed at the London Library, which reflects the vision by shareholders, board members and top managers of its future, goals and the ways to achieve them. The ideas for the development of the library at the present stage are set forth in the document “The Strategic Plan of the London Library until 2017”. It has been found out that each strategic priority is separated into a number of specific actions by which a development strategy is implemented – that is, a plan for its implementation is formed. At the end of each year, an annual report is prepared, containing the information on the implementation of the London Library’s strategic plan. It has been proved that the London Library is a unique phenomenon, since it remains a cultural and educational institution for which state subsidies are a traditional way of financing, but the institution was able to organize its work in such a way as to become independent of state funding. This approach, on the one hand, is focused on purely library goals, and on the other hand, it is a marketing one – centred on the needs of readers, which has enabled this institution to remain an important link in the cultural and educational space and at the same time to become financially successful and independent. Summarizing the development strategy of the London Library, the main ideas that can be used as guidelines in the development and optimization of the Ukrainian libraries’ work have been highlighted. It has been stressed that the acquaintance with the vision of the future, services, principles of fund formation and the search for sources of financing by London peers can be useful for introducing new approaches into the Ukrainian libraries’ activities.

The Talmud and corporate citizenship

The Talmud is without doubt the most prominent text of rabbinic Judaism`s traditional literature which is replete with precepts that deal with corporate citizenship. Thus the Talmud can be used as a starting point for those who are interested in establishing financially successful companies. This article is based on a literature review of related journal articles and the Talmud. Some of the issues discussed in this article include: Talmud and ecology, caring for the environment, corporate charity, employer-employee relationship, honest weights and measures, community prosperity, buyer-seller relationship, transparency, honesty in business, fraud and theft, and corporate citizenship in the contemporary world. The author concludes that sustainable financial success is guaranteed through corporate citizenship. This article is of benefit to the academia, corporate citizenship advocates and the business community at large

Corporate citizenship and the Talmud

The Talmud is without doubt the most prominent text of rabbinic Judaism`s traditional literature which is replete with precepts that deal with corporate citizenship. Thus the Talmud can be used as a starting point for those who are interested in establishing financially successful companies. This article is based on a literature review of related journal articles and the Talmud. Some of the issues discussed in this article include: caring for the environment, corporate charity, employer-employee relationship, honest weights and measures, community prosperity, buyer-seller relationship, transparency, honesty in business, fraud and theft, and corporate citizenship in the contemporary world. The author concludes that sustainable financial success is guaranteed through corporate citizenship. This article is of benefit to both the academia and the business community at large.

“There's Millions in It!”: The Gilded Age and the Economy of Satire

“There's Millions in It!”: <i>The Gilded Age</i> and the Economy of Satire

Indicators of Successful Companies

Using monthly Compustat data for 478 companies covering the period 1982–1998, we investigate which factors discriminate between financially successful and less successful companies. Financial success is measured using three different methods, i.e., the Sharpe ratio, Jensen’s alpha, and EVA. We consider a total of 10 different company specific characteristics as potential indicators of superior performance. A binary logit model is applied to quantify the relationship between the individual firm characteristics and the probability that a particular measure of success will be greater or lower than the average for all firms considered. We also calculate the percentage correct prediction by the model for each measure of success. We find that especially large profitable firms with efficient working capital management and a certain degree of uniqueness regarding their business are the most successful companies.

Strategic configurations in health services organizations

The objective of this study was to determine if financially successful health service organizations are characterized by a limited number of configurations and less financially successful health service organizations are characterized by a different set of configurations. Data on 77 health service organizations were collected from case studies and Securities and Exchange Commission (SEC) documents. Organizations were scored according to environmental, strategy making, organization/structure variables and financial success. Three individuals with health care experience were provided detailed instructions and were asked to independently rate the 77 organizations relative to the variables. The financial success variable was separately rated by a third individual with extensive finance and health care expertise. Five financially successful and five financially less successful configurations were identified and described according to their major characteristics. The configurations were limited and consistent with configuration studies in industries other than health care with a few noteworthy exceptions.

Coding and billing for gastrointestinal endoscopy

The complexities associated with the coding, billing, and reimbursement process seem to increase daily. Keeping abreast of the changes in this environment is, to say the least, a challenge. To succeed in today's billing environment the gastroenterologist should surround his or her practice with staff, resources, and education. Experienced skilled staff, preferably a certified professional coder should be employed. Certified coders bring advanced coding skills to ones practice, which allows increased proficiency with the coding and billing process. Provide the necessary resources for staff. Current coding material is crucial to the financial success of the practice. CPT-4, ICD-9, and Correct Coding Guide are the bare basics of the resource material available to staff. Maintaining a library of resource material (i.e., Medicare bulletins, managed care newsletters, and so forth) aids the staff with the necessary tools to carry out their duties. In addition, specific gastroenterology coding subscriptions are available to assist in staying ahead of the ever-changing billing and coding environment. Continuing education in the billing and coding process for both the physician and staff is essential. Numerous workshops are offered periodically. It is imperative that staff attends all Medicare-sponsored workshops in addition to gastroenterology-specific coding seminars. More and more physicians are now aware of their responsibility in the billing process and have begun to participate in the coding education along with their staff. This is a significant indicator of a physicians' intent to have a compliant and financially successful practice.

The Chances of Financial Success (and Loss) from Small Business Ownership

The odds of forming a profitable venture are a critical issue for those weighing the risk of business entry. However, few measures exist to help potential business owners assess their chances of forming a financially successful enterprise. This research examines the probability of financial success from business ownership In terms of (1) profit, break-even, or loss during the owner's tenure, and (2) sufficient profit or loss between firm formation and termination to alter the owner's personal financial condition. The analyses rely on reports from a sample of 783 business owners who recently terminated their firms. Results indicate that 50% more small business owners operate a profitable venture during the marriage of owner and business than operate an unprofitable one. Just 17% form profitable ventures that improve the owner's overall financial standing, while 6% form unprofitable ventures that negatively affect it.

Defining characteristics of financially successful orthodontists

Financially successful personality profiles in most of the business world have been reported to be the choleric (powerful) and the melancholy (perfect) types. In 1996, Hughes proposed that the same relationship possibly exists in the profession of orthodontics. The purpose of this study was to explore whether a dominant personality profile exists for the most financially successful orthodontists. A questionnaire was used to gather information regarding the financial sophistication and the dominant personality profile of each participating orthodontist. One hundred twenty-six of the 300 surveys distributed to orthodontists were returned for a response rate of 42%. For every question, the null hypothesis of independence was tested with the chi-square test. The null hypothesis of independence was rejected for a P value of less than.05. The results revealed that no correlation exists between the financial sophistication of orthodontists and their personality profiles. However, over two thirds of the orthodontists had the choleric (powerful) and the melancholy (perfect) as dominant personality types. Interestingly, the questionnaire shed much light on factors that do contribute to financial success in orthodontics. Although statistical differences are lacking in these data, certain traits about successful practitioners could be identified. These orthodontists (1) allow their practices to grow if it will increase the net income, (2) view control of overhead as a key principle, (3) emphasize the competence of staff in determining the success of practice, and (4) believe in marketing. Implementation of these simple and common sense principles in some orthodontic practices might affect the business significantly. (Am J Orthod Dentofacial Orthop 2000;118:18-23)

Is It Possible to Build Financially Successful New Towns? The Milton Keynes Experience

The last generation of British new towns is being completed with the dissolution of the New Towns Development Corporations. As the final chapter of the new town movement in Britain draws to a close, this paper examines their financial success by focusing on Milton Keynes. Reputedly one of the most successful new towns, Milton Keynes was the last new town to be started and had the largest projected population. The paper examines the financial accounting reports from 1971 to 1993 and computes the economic returns for the new town as a whole and for each of the major property types. We find that Milton Keynes lost more than one-half a billion pounds. The paper explores why this happened and what the lessons are for new town development efforts around the world. The paper concludes that while it is possible to develop financially successful new towns, it is extremely difficult.