This paper looks at the drivers of monthly IPO volume. Different factors have impacted IPO volume in successive time periods since 1960. By using monthly data, there are sufficient data points to draw conclusions about some of the main factors that have continuously had an effect on IPO volume, as well as some variables that have shifted in importance. This paper shows that trailing monthly S&P returns are a potential predictor of future IPO volume, and emphasizes the seasonal boost found at the end of the calendar year. *page numbers do not line up with removed copyright images.

This paper examines the theoretical applicability and empirical rates of use for real options valuation and planning techniques. In theory, real options are the best valuation and planning tool for a biotechnology start-up, primarily due to the staged nature of investments and the discrete changes in probability between FDA approval stages. However, in a survey of 48 members of the Biotechnology Industry Association, results showed a low level of real options implementation. This paper then examines the possible reasons for the lack of implementation of real options and possible solutions, with the most popular surveyed reason being a lack of knowledge of the technique.

Presence of a free market economy has strongly increased competition among companies, this case has led them to find new techniques on how to sell their products or services while public sector have stopped engaging in business by privatizing their production companies. Nowadays in developing countries, all government expenditure depending fully in private sector for products or services, a good example is within stationery items, construction of roads, cleaning works, transportation and so forth. These procurements have been associated with many scandals such as favourism in awarding of procurement contracts to some companies. Therefore, there is need for developing countries to rectify and control ministerial tender board acts in awarding contracts that will ensure fair competition, transparency and accountability by establishing good corporate governance codes. The aim of this thesis is to assess efficiency and effectiveness of Public Procurement Process as case study in the Ministry of Finance and Economic Affairs of Tanzania.This study has targeted interviews and observation which have shown there is ineffective of the public procurement process that are injected by the public procurement Act No. 21 of 2004 and others are caused by inadequate budget to pay suppliers on time, limitation of skills and knowledge to the ministerial staffs and PMU staffs. Furthermore, researchers have recommended that there is a need to amend the public procurement Act No. 21 of 2004 and accommodate some key points that will enhance efficiency and effectiveness of the procurement process that will increase revenue collection and emphasing training of user PMU staffs. However, this Act is not panacea – solution of everything but it must be dynamic to accommodate new issues as it will be raised new techniques and principles that will insure accountability and efficiency on procurement.

Small scale industries in Tamilnadu

Industries in Tamil Nadu

Millions of individuals donate their time to volunteer work each year. Additionally, expectations of socially responsible practices on the part of organizations and the positive relationship between the social and financial performance of organizations are leading to a growing interest in corporate social responsibility among management and researchers. One method to achieving greater corporate social responsibility is corporate-sponsored volunteering. Many benefits have been associated with corporate volunteerism. However, an understanding of why these outcomes occur is lacking. Also lacking is an understanding of why individuals engage in corporate volunteerism. Although studies have identified several demographic variables associated with volunteering in general, few studies have examined variables beyond simple demographics, and fewer still have examined antecedents of corporate volunteering. In the current study, the theory of planned behavior, functional motives for volunteering and citizenship performance, and perceived locus of causality are used to integrate contextual, attitudinal, situational, and motivational variables in order to present and empirically test a framework to help explain why individuals participate in corporate volunteerism. Data were collected from 110 individuals employed in two organizations supporting corporate volunteerism in order to examine the antecedents of participation in this behavior. Results indicated that antecedents of intentions included in the theory of planned behavior and its extensions were related to intentions to participate in corporate volunteerism and, in some cases, actual participation in this behavior. Furthermore, functional motives for volunteering and citizenship performance were related to the regulations specified by the perceived locus of causality continuum. These motives, conceptualized as general orientations towards particular behaviors relevant to a contextual domain, were related to the situation-level decision-making antecedents of intentions in several cases. Finally, several of the relationships between the contextual-level generalized motivational constructs and intentions to participate in corporate volunteerism were mediated by the situational-level antecedents of the theory of planned behavior. Specifically, the relationship between social motives and intentions was mediated by subjective norms. The relationships between each of identified regulation, values, understanding, and organizational concern motives with intentions were mediated by attitudes toward corporate volunteerism. Perceived behavioral control also mediated the relationship between understanding motives and intentions.

Abstract Most businesses in Taiwan are family-owned, and family members are the key managers and members of the board. Since the power of management and operation is mixed, some decisions based on self-interest may result in loss of the company and its shareholders, even financial crisis. The poor corporate governance issue in Taiwan was hidden for several years, and finally revealed since 1998, from Kuangsan Enterprise Group, American Furniture, Tong Lung Metal Industry Co., Ltd., Wan You Papers, Victor Taichung Machinery, to the recent cases of ProComp and Mosel Vitelic Inc., while most of which involved embezzlement to safeguard the stocks. The mixed power of management and operation has led to bankruptcy of companies, and significant loss in investors. Therefore, to generalize a set of simple method to different companies with poor corporate governance, and provide an effective method to all investors, this study first selected listing companies with at least two independent directors and one independent supervisor, then chose 60 companies that showed no poor governance, and then compared with 10 companies with poor governance for analysis. This study then found the commonalities as predicting factors on poor governance, so as to minimize investment loss. Suggestions on the corporate governance bylaws were also proposed to present systematic methods, make the bylaws more comprehensive, and overcome internal and external barriers during implementation. This study also analyzed the existing structure of the board, established a set of simple analytic tool based on percentage of seats, shareholding percentage, employee turnover rate, allocation of financial supervisors, and pledged shares of the directors and supervisors to promote the operating stability. The investors could utilize this tool to analyze the possibility of poor governance of the investment target, and minimize the loss.

Situating at this constant evolving environment in the knowledge based economy era, when facing the impact of global recession, could Taiwan once again higher its industry level and make another shocking economic miracle, like it did in the 20th century? Could Taiwan once again overcome all the difficulties and write down another glorious page on the history for its economic miracle? Education and training, especially corporate education, adult education and lifetime learning, could be the most powerful weapon for the enterprises to transform internally. In the recent 20 years, the booming style of education and training in Europe and America¡ÐCorporate University, may be the solution for the small and medium companies in Taiwan. This research studied 7 large enterprises and 32 small and medium enterprises, discovered and discussed the current education and training patterns these companied have and what they think about Corporate University, then looked into the possibility of promoting Corporate University by small and medium companies.

Abstract With rapid changes of the environment and industrial competitions today, the quality of employees are the key factor for the companies to succeed. However, the traditional internal corporate training system cannot satisfy the training demand in today¡¦s highly competitive environment, so the companies start to reform their internal training system. Decades ago, many of the American companies have begun to develop the corporate universities, such as the Crotonville of GE and the Motorola university. They all provide the most powerful supports to the success of the companies. Recently, the companies in Taiwan also have a trend of setting up the corporate universities. Looking at the differences between foreign and home corporate universities, we have discussed the operating model of the Crotonville of GE and the Motorola university, and interviewed four successful corporate universities in Taiwan, then try to attribute the essential of corporate universities, also analysis the differences among them, and then find out the key factors for the success of the corporate universities. Finally , we¡¦ll be able to build up an approach to operate a corporate university. Through these case analysis, we find that the key success factors of corporate universities are as follows: 1¡B The supports from the top managers. 2¡B Independent operating unit. 3¡B Partners. 4¡B Complete training system. 5¡B Perfect evaluation system of performance. After studying articles and understanding the present situation of foreign and home corporate university, we can find out the process approach of operating corporate university which are as follows: 1¡B Ascertain the training demand and the position of corporate universities. 2¡B Acquire the support from the top managers. 3¡B Set up an independent operating unit. 4¡B Screen partners. 5¡B Confirm trainees. 6¡B Confirm the further strategies. 7¡B Design training programs. 8¡B Found training model. 9¡B Setting an evaluation system. 10¡BDesign motivate device.

Thesis--PlanB (M.S.)--University of Wisconsin--Stout, 2003. / Includes bibliographical references.