In recent years there has been widespread discussion concerning the purported shift away from Taylorism towards a new production paradigm premised upon techniques of high performance management (HPM). This paper argues that in seeking to capture the essence of the phenomenon commentators...

In recent years there has been widespread discussion concerning the purported shift away from Taylorism towards a new production paradigm premised upon techniques of highperformance management (HPM). This paper argues that in seeking to capture the essence of the phenomenon commentators...

In this opinion piece, we argue that value-adding engagement by investment managers could be enhanced through 1) relatively small portfolios, 2) use of performance measures that are sufficiently long-term as to permit stewardship efforts to bear fruit, and 3) appropriate rewards for outperformance

Reliably estimating the beta of an individual stock has proved elusive. Individual stock price movements are a function of market/systematic movements and company specific/idiosyncratic movements. Since traditional beta estimation calculations make no attempt to minimize the impact of the...

This article examines the key topics relating to institutional investor responsibilities and stewardship. It reviews the developments contributing to the increasing scrutiny of institutional shareholders and the standards and guidelines introduced to promote active ownership. The article also...

The importance of multinational companies (MNCs) in the UK economy is not inquestion. One way in which this is evident is that Britain is a major recipient offoreign direct investment (FDI) by MNCs, accounting for 8.7% of the inward stockof global FDI. In addition, large numbers of...

Does the use of HRM practices by multinational companies (MNCs) reflect their national origins or are practices similar regardless of context? To the extent that practices are similar, is there any evidence of global best standards? The authors use the system, societal, and dominance framework...

The authors use comparable data on employment practices in multinationals located in four countries - Canada, Ireland, Spain, and the United Kingdom - to examine the question, How can we explain variation among national subsidiaries of MNCs in the extent and form of control on employment...

The authors examine whether U.S. multinational companies (MNCs) are distinctive in the degree to which they exert direct control over policy on human resources and employment relations (HR/ER) in their foreign subsidiaries. The results confirm the distinctiveness of U.S. MNCs in their greater...