Group Headquarters Research Articles

Samyang receives Isosorbide ISCC Plus certification, and develops PFAS-free flame-retardant, eco-friendly battery-case and high-transmittance polycarbonate

On December 11, Samyang Innochem, a chemical affiliate of Samyang Group, held a ceremony at the Samyang Group headquarters in Jongno-gu, Seoul, to receive the “ISCC Plus” certification of isosorbide from Control Union, a global agency for the International Sustainability & Carbon Certification (ISCC).

Role of Justice Perception in Relationship Duration, Brand Equity, and Strategic Integration

ABSTRACT Purpose This study investigates the justice perception of buying group member retailers and examines whether it is an initiator of relationships and a constant driver of attitude through the lens of brand equity and relationship duration. Building upon the findings, this study offers practical implications for the managers of the buying group headquarters. Design/methodology/approach A questionnaire survey of 241 key informants of retailers participating in eight different retail buying groups in Japan was conducted. We conducted confirmatory factor analysis to verify measurements, and structural equation modeling to test the hypotheses. Findings Distributive justice perception directly affected relationship duration and procedural justice perception had an indirect effect on relationship duration via brand equity. We also found the significant moderating effect of strategic integration. For the group with high strategic integration, distributive justice perception had a greater effect on brand equity, whereas, in the group with low strategic integration, brand equity was more affected by procedural justice perception. Furthermore, the roles of distributive justice perception and procedural justice perception were found to be complementary. Research Implications The study expands the perception of justice in an inter-organizational environment to a loosely connected channel structure while examining two endogenous variables of relationship performance (i.e. brand equity and relationship duration). This study also finds the moderating effect that justice perception has on relationship performance. By implementing strategic integration intention as a moderator, this study considers the strategic stance of member retailers in the research setting as well. Practical Implications The findings highlight that headquarter managers must understand the role of each sub-dimension of justice perception and balance their application. As the resources for building justice perception can be limited, it is important for managers to allocate resources based on prioritization. Originality This research is a pioneering study on the implementation of justice perception in the relationship between member retailers and buying groups. Additionally, it proposes and proves the conditions required for justice perception to induce a positive attitude on the part of member retailers.

Low interest rates and banks’ interest margins: Does belonging to a banking group matter?

Using data for a large sample of banks from 31 OECD countries over 1995–2018, we analyze the impact of belonging to a banking group on banks’ net interest margins. Our results confirm a positive relationship between interest rates and interest margins, which is stronger in a low-interest rate environment. For banks that are foreign subsidiaries of a banking group, we find that interest margins are less sensitive to the local interest rate. Our results show that such foreign subsidiaries are also sensitive to the interest rate prevailing in the group's headquarters.

The role of organizational justice and social interaction in mitigating the negative effects of high-performance member retailers on strategic integration

Drawing on resource-based view, social exchange theory, and organizational justice theory, this study tests the link between high-performance member retailers (HPMRs) and strategic integration to retail buying groups, and the mediation and moderation of social integration and organizational justice, respectively. Using structural equation modeling, we analyze data from 241 independent retailers participating in retail buying groups in Japan. Results reveal that although HPMRs are negatively associated with strategic integration, they also increase strategic integration via enhanced social interaction with other member retailers. Additionally, organizational justice by buying group headquarters weakens the negative link between HPMRs and strategic integration. The study newly shows how member retailers’ past performance characteristics, the role of buying group headquarters, and member retailers’ interactions affect strategic integration to retail buying groups. The findings contribute to resource-based view, social exchange theory, and organizational justice theory by examining how retail buying groups can encourage HPMRs’ strategic integration using social interaction and organizational justice as boundary conditions. Practical and theoretical implications are described.

Agency conflict in diversified business groups and performance of affiliated firms in India

This study examines how diversification in Indian business groups creates multiple forms of agency problems and has performance implications for group affiliated firms. Departing from prior literature which emphasizes the principal–principal agency conflict in business groups, we argue that business group diversification leads to dual agency problems between controlling and minority shareholders (principal–principal) and managers and shareholders (principal–agent) in affiliated firms. Both these agency problems arise in diversified business groups through cross-subsidization of affiliated firms by inefficient capital investment, continuing presence of affiliated firms in declining industries, tunneling of resources from profitable affiliated firms, lack of attention by business group headquarters to affiliated firms, and affiliated firm managers’ sense of perceived security which negatively impacts affiliated firms’ performance. These agency issues are reduced with the increase in product market competition from exposure to international markets and through concentrated promoter ownership in the affiliated firms. Our hypothesized model finds empirical support in a sample of 828 business group affiliated firms in India.

Agency conflict in diversified business groups and performance of affiliated firms in India: Contingent effect of external constraint and internal governance

This study examines how diversification in Indian business groups creates multiple forms of agency problems and has performance implications for group-affiliated firms. Departing from prior literature which emphasizes the principal–principal agency conflict in business groups, we argue that business group diversification leads to dual agency problems between controlling and minority shareholders (principal–principal) and shareholders and managers (principal–agent) in affiliated firms. Both these agency problems arise in diversified business groups through cross-subsidization of affiliated firms by inefficient capital investment, continuing presence of affiliated firms in declining industries, tunneling of resources from profitable affiliated firms, lack of attention by business group headquarters to affiliated firms, and affiliated firm managers' sense of perceived security, which negatively impacts affiliated firms’ performance. These agency issues are reduced with the increase in product market competition from exposure to international markets and through concentrated promoter ownership in the affiliated firms. Our hypothesized model finds empirical support in a sample of 828 business group–affiliated firms in India.

Market distance and insider-ownership strategies: a resource-dependence perspective

PurposeOwnership issues are an important feature of corporate governance when firms focus on global expansion in multiple and diverse regions. Drawing on resource dependence theory (RDT), the purpose of this paper is to address the phenomenon regarding the extent to which international market distance affects equity stakes in group-affiliated firms held by business group headquarters.Design/methodology/approachThis study uses longitudinal data on foreign direct investments by 106 business groups (BGs), including 561 group-affiliated firms, from Taiwan over a five-year period from 2006 to 2010.FindingsThe results show that the equity stakes of the BG headquarters in the group-affiliated firms in foreign markets were positively associated with the geographic distance between the country of the BG headquarters and the host country of the foreign group-affiliated firms, the cultural distance between the country of the BG headquarters and the host country of the foreign group-affiliated firms and institutional distance between the country of the BG headquarters and the host country of the foreign group-affiliated firms.Research limitations/implicationsMost studies of corporate governance and international business are based on a transaction cost economics approach, a resource-based perspective and agency and institutional theories. In contrast, this study, by using RDT, provides an alternative explanation regarding the factors that affect the equity stakes of parent firms in group-affiliated firms.Practical implicationsThis study presents two basic pieces of advice for consideration. First, at the managerial level, group-affiliated firms should develop their own resources and capabilities in order to become more autonomous in pursuing advantageous international activities that the parent firms may not foresee. Second, and again at the managerial level, business group headquarters should adopt a strategy to balance the dependency relationship between group-affiliated firms and business group headquarters.Originality/valueThis study provides the most finely grained analysis, to date, regarding how international market distance affects business group headquarters from newly industrialized economies in terms of diverse equity stakes in foreign affiliates, the unique attributes of BGs and international market distances’ relationship with both the operations and the expansion opportunities of BGs.

Data Sharing of Power Grid Meteorological Disaster based on Metadata

Based on metadata technology, this paper proposed a preliminary design of power grid meteorological disaster data sharing system. This paper analysed the composition of the meteorological data of the multiple disasters in the power grid, put forward the principle of sharing the meteorological data of the power enterprises at all levels, studies the making method of the meteorological metadata of the power grid, described the access process of the meteorological metadata and the solid data, and introduced the vertical exchange method of the structured and unstructured meteorological data. The building of the data sharing system of the power grid meteorological disasters can realize the sharing of meteorological disaster data in three levels of the group headquarters, the provincial company, and the prefectural company.

Analytical investigation on effective elastic stiffness of eccentric steel beam–column joints

Eccentric steel beam–column joints could satisfy the architecture requirements flexibly. They were occasionally used in buildings such as the Huarun Group Headquarters Building (400 m) in Shenzhen, China. However, the eccentricity decreases the mechanical properties including the elastic stiffness significantly. This article focused on the analysis of the effective elastic stiffness of eccentric steel beam–column joints. First, an analytical model was proposed to calculate the effective elastic stiffness. In the model, the deformation of the joint core was divided into six components: three shear deformations and three torsion deformations. Moreover, the accuracy of the model was verified by comparison with the finite element results. A parametric analysis was performed and the critical factors influencing the elastic stiffness were obtained. Finally, the analysis of the eccentric and concentric frame systems was conducted. The periods of natural vibration, lateral displacements, story drifts and story shear forces obtained were different in the two kinds of frames, which indicated that eccentricity contribution should be carefully considered for a rational design of eccentric joints.

Assembly Lines: Researching Radical Print Networks

ON 11 AUGUST 1931, THE RCMP led a coordinated raid on the Toronto headquarters of the Communist Party of Canada and the private homes of several of the party's key members, seizing large numbers of files, books, and other publications. Party leader Tim Buck was arrested under 98 of the Criminal for intention to carry out the act of sedition, and over the next few days related raids in both Ontario and British Columbia resulted in a series of further arrests, with eight men (including Buck) eventually brought to trial. (1) The mass of print seized was never used at trial. It remained in the hands of the Attorney-General of Ontario, (2) eventually entering the Public Archives of Canada (now Library and Archives Canada) through the ago's institutional fonds (Preliminary Inventory 1, 25). Within this seized material was a collection of pamphlets and periodicals, including Canadian publications and those obtained from radical organizations and other groups. The Canadian Labor Defense League (CLDL), a fledgling offshoot of the International Red Aid formed to support the legal defense of workers in Canadian courts, was certainly represented among these texts. Given the proximity of the group's headquarters to those of the Communist Party, as well as references to correspondence with its leading members, it is likely that the CLDL's publication, the Canadian Labor Defender, was found among the seized documents. In typical fashion, the Defender's first response to the raids and arrests was rough but thorough. Although the cover for the September 1931 issue of the magazine is a thrice-repeated linocut image of a man gripping a set of prison bars against a background of a massed crowd brandishing CLDL banners, nearly every page inside is given over to the story of the Communist leaders, including Buck's own account and responses from International Red groups in other countries (CLD 2.5: 5-6, 10). [ILLUSTRATION OMITTED] By the time of the October issue's release, which bears a cover photomontage depicting the so-called Kingston Eight the magazine is dominated by an intense scrutiny of the case. [ILLUSTRATION OMITTED] The images of the accused and the slogans accompanying them mark the swift solidification of the ways in which the radical left represented itself in the period following the Communist trial. Most significantly, a short article by R. Curtis entitled Section 98 of the Criminal Code (CLD 2.6: 10) formally introduces and explains the law that would become the primary focus of the Canadian Labor Defense League's publications and class organization as a whole in Canada for the next four years. The Canadian Labor Defender, as part of a network of pamphlets and periodicals circulating in Canada during the Depression years, is a fascinating and under-examined example of radical print. The dialogic connection between pamphlets as texts with their own formal and rhetorical patterns and the assemblage found in the pages of the Defender and other proletarian periodicals throws into relief the dense network of writers, artists, organizations, and labourers who worked to produce these forms of print and who hefted them as tools in an intensely focused agitational campaign. The Defender stands out as a location of intertextual and meta-textual critique on the role of pamphlet publishing in the campaign strategies of Canadian radical organizations in the 1930s. This essay will consider the Defender as a site for both bibliographic recuperation and network analysis of these groups, which together work to support a new critical assessment of the Canadian radical print produced alongside the periodical's run. I will be looking specifically at a set of reviews of co-circulating periodicals and pamphlets published in the Defender through 1932 and 1933, which lays bare the agitational concerns of the cldl and the proletarian movement suggested in its pages. Ultimately, the singular focus of the cldl on protesting and repealing 98 became the undoing of the print-based network it projects: repeal of the law prefigured the collapse of the organization and the expiration of the Defender. …

Analysis on Stability of Land Parcel of Fushun Mining Group Headquarters by Exploitation of West Open-Pit Mine

Through calculation on the variation of deformation of land parcel of Fushun mining group headquarters on different exploitation conditions of west open-pit mine, the stability of land parcel of Fushun mining group headquarters has been analyzed. The analyzed results show that when the slope has been excavated to line D and the exploitation is on N1200, the influence for the stability of land parcel is smaller, but when the exploitation is on N1600, because of the concentrated distribution of displacement and obviously enlargement of the scope of plastic zone on the area between the fault F1 and F1A, the stability of land parcel has been changed obviously. At the aim of the security of land parcel of Fushun mining group headquarters, the excavation of slope should not be more than line D and the exploitation of coal stratum should not be more than N1200. The achieved results can provide a research foundation for a reasonable and orderly exploitation for Fushun west open-pit mine.

An Investigation into the Effects of Dividend Policy on the Financial Growth of Advertising Firms in Kenya

The effects of dividend policy on corporate financial growth are a major concern of most entities. Whether dividends have an influence on the value of a firm, is an important question in dividend policy. This study aimed at investigating the effects of dividend policy on the financial growth of media firms. This study was conducted in Nairobi at The Nation Media Group Headquarters. Respondents were senior managers, middle-level managers and ordinary shareholders. A descriptive research design was used to describe the nature, behaviour and factors contributing to the study as a case-study approach was adopted. Stratified random sampling technique was used to pick a sample size of 215 respondents to carry out this study. The significance of this study was to formulate dividend policies that suit the financial environment, bring awareness to workers on how to deal with the shareholders on dividends issues and also to assist in the determination of how much debt to be employed in the capital structure. This study revealed that investment policy on dividend pay-out affects the financial growth of a firm through division of earnings between the stockholders and reinvestment in long-term projects. This study concluded that dividend policy is an integral decision in financial management because it maximises shareholder's wealth and has relevance on stock prices and a firm's value. Therefore, this study recommended that the firm should adopt an optimal dividend policy as well as an effective and efficient capital structure, which creates a balance between division of earnings and investment in long-term projects.

Study on SCM Model of China's Petroleum Industry Based on Cyclic Economy Idea

In face of resource waste and environmental pollution, China raises that cyclic economy should be developed in the petroleum industry. Considering that resources are consumed in each link of the supply chain, this paper explores supply chain management model of petroleum industry based on cyclic economy idea. Firstly, the paper constructs supply chain structure model of China’s petroleum industry, giving full consideration to the Group Headquarters’ control and the government's role in the information flow. Cyclic economy requests re-use of the resources, so this paper adds a reverse logistics system to the supply chain model in order to build a SCM model of petroleum industry. This model contains the material flow, reverse logistics, fund flow and information flow. This model has a great significance to enrich the theory of supply chain management and cyclic economic and can also help to achieve the goals of petroleum industry’s sustainable development, resource conservation and environmental protection.

Quality Assurance Issues in Conducting Multi-Institutional Advanced Technology Clinical Trials

The National Cancer Institute-sponsored Advanced Technology Quality Assurance (QA) Consortium, which consisted of the Image-Guided Therapy QA Center, Radiation Therapy Oncology Group, Radiological Physics Center, Quality Assurance Review Center, and Resource Center for Emerging Technologies, has pioneered the development of an infrastructure and QA method for advanced technology clinical trials that requires volumetric digital data submission of a protocol patient's treatment plan and verification data. In particular, the Image-Guided Therapy QA Center has nearly 15 years experience in facilitating QA review for Radiation Therapy Oncology Group advanced technology clinical trials. This QA process includes (1) a data integrity review for completeness of protocol required elements, the format of data, and possible data corruption, and recalculation of dose-volume histograms; (2) a review of compliance with target volume and organ-at-risk contours by study chairs; and (3) a review of dose prescription and dose heterogeneity compliance by the Radiation Therapy Oncology Group Headquarters Dosimetry Group or the Radiological Physics Center dosimetrists (for brachytherapy protocols). This report reviews the lessons learned and the QA challenges presented by the use of advanced treatment modalities in clinical trials requiring volumetric digital data submission.

Governance System Effectiveness Following the Crisis: the case of Korean business group headquarters

Various corporate governance initiatives were adopted in Korea following a major corporate governance failure, identified as a direct cause of the Asian Financial Crisis of 1997–1998. Our findings indicate that, before the crisis, the likelihood of replacing poorly performing CEOs was not related to business group (chaebol) affiliation. However, after the Asian Financial Crisis, we find CEO turnover sensitivity to performance is greater in chaebol firms than in stand‐alone firms. These findings indicated improved monitoring following reforms initiated by the Korean government, NGOs and other capital market participants. These findings have implications for the effectiveness of corporate governance in US firms following governance restructuring imposed by the SEC, the government and various market participants.

The Deendar Anjuman: Between Dialogue and Conflict

The Muslim WorldVolume 92, Issue 3-4 p. 223-254 The Deendar Anjuman: Between Dialogue and Conflict Yoginder Sikand, Yoginder Sikand Institute for the Study of Islam and the Muslim World Leiden, The NetherlandsSearch for more papers by this author Yoginder Sikand, Yoginder Sikand Institute for the Study of Islam and the Muslim World Leiden, The NetherlandsSearch for more papers by this author First published: 30 April 2007 https://doi.org/10.1111/j.1478-1913.2002.tb03743.xAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Volume92, Issue3-4September 2002Pages 223-254 RelatedInformation

THE CHINESE ARMY'S FIRM IN BUSINESS: THE SANJIU GROUP

The Developing EconomiesVolume 36, Issue 1 p. 77-79 THE CHINESE ARMY'S FIRM IN BUSINESS: THE SANJIU GROUP Peter NOLAN, Peter NOLANSearch for more papers by this authorWANG Xiaoqiang, WANG XiaoqiangSearch for more papers by this author Peter NOLAN, Peter NOLANSearch for more papers by this authorWANG Xiaoqiang, WANG XiaoqiangSearch for more papers by this author First published: 06 March 2007 https://doi.org/10.1111/j.1746-1049.1998.tb00860.xCitations: 1 This paper is one of a series of studies of large emerging firms in China. The research forms part of a project entitled “The Emergence of the Modern Corporation in China,” funded by the British Economic and Social Research Council. The research is being conducted in collaboration with the Chinese State Council's Economic System Reform Commission. Unless otherwise indicated, the information in this paper is from interviews conducted at the Sanjiu group headquarters in Shenzhen during December 4–8, 1995. AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Citing Literature Volume36, Issue1March 1998Pages 77-79 RelatedInformation

People

Mr John Roberts, C.Eng., F.R.Ae.S., F.M.I.MECH.E., chief executive of the Dunlop Aerospace Group headquarters in Coventry, has recently been elected a Fellow of the Royal Society of Arts (FRSA).

CENTURY'S HANLEY SHOWPIECE

Think of the foyer of almost any international five‐star hotel, with thick glass self‐opening doors, controlled lighting and modern decor, plants and a fountain. It could be in any capital city of Europe. But it is not. It is at Hanley, Stoke‐on‐Trent, and it is not a hotel but the entrance hall of Century Oil's new 24‐acre complex, which includes a Group Headquarters and Communication Centre and a wholly computerised processing plant covering 100,000 square feet.

An integrated business application architecture

An integrated business application architecture has been implemented in the Information Systems and Communications Group and the Information Systems and Products Group, two of IBM's group headquarters. The language base used is APL so that the maximum productivity can be achieved. The cornerstone of this architecture is an APL-based graphics package called A Presentation Graphics System (APGS). The architecture is a closed-loop system with the flexibility to expand as more application systems are needed. Increases in productivity and quality have been realized through the implementation of this architecture for both the management, the planning staff and the application programmers.