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上傳時間:2024-03-13
頁數(shù): 11
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簡介:DETERMINANTSANDCONSEQUENCESOFINTERNALCONTROLINFIRMSACONTINGENCYTHEORYBASEDANALYSISANNUKKAJOKIPIIPUBLISHEDONLINE8MARCH2009?SPRINGERSCIENCEBUSINESSMEDIA,LLC2009ABSTRACTINORDERTOENSURETHEEFFICIENCYANDEFFECTIVENESSOFACTIVITIES,RELIABILITYOFINFORMATIONANDCOMPLIANCEWITHAPPLICABLELAWS,FIRMSDEMANDADEQUATEINTERNALCONTROLHOWEVER,SEVERALFRAMEWORKSCOSO,COCOETCASSUMETHATTHENEEDFORINTERNALCONTROLVARIESACCORDINGTOAFIRM’SCHARACTERISTICSTHISCONCURSWITHCONTINGENCYTHEORY,WHICHCLAIMSTHATEACHORGANIZATIONHASTOCHOOSETHEMOSTSUITABLECONTROLSYSTEMBYTAKINGINTOACCOUNTCONTINGENCYCHARACTERISTICSTHISSTUDYEXAMINESWHICHCONTINGENCYCHARACTERISTICSFIRMSCHOOSETOADAPTTHEIRINTERNALCONTROLSTRUCTUREANDWHETHERITRESULTSINAMOREFAVORABLEASSESSMENTOFTHEEFFECTIVENESSOFCONTROLBYTHEMANAGEMENTWHILETHECOMPONENTSOFINTERNALCONTROLHAVEBEENEXAMINEDINDIVIDUALLYINTHECONTROLLITERATURE,THISPAPERATTEMPTSTOSHEDLIGHTONINTERNALCONTROLANDPLACEITINABROADERCONTEXTTHERESULTS,DERIVEDFROMAWEBBASEDSURVEYOF741FINNISHFIRMS,INDICATETHATFIRMSADAPTTHEIRINTERNALCONTROLSTRUCTURETODEALWITHENVIRONMENTALUNCERTAINTYANDTOACHIEVEOBSERVEDCONTROLEFFECTIVENESSALSOTHESTRATEGYHASSTATISTICALLYSIGNIFICANTEFFECTSONINTERNALCONTROLSTRUCTUREKEYWORDSINTERNALCONTROL?EFFECTIVENESS?CONTINGENCYTHEORY?STRUCTURALEQUATIONMODELING1INTRODUCTIONITISGENERALLYBELIEVEDTHATANINTERNALCONTROLSYSTEMREDUCESRISKSANDHELPSFIRMSENSURETHERELIABILITYOFFINANCIALSTATEMENTSANDCOMPLIANCEWITHLAWSANDREGULATIONSSPIRAANDPAGE2003SO,ANINCREASINGNUMBEROFBUSINESSFAILURESAJOKIPIICHENHALL2003FISHER1995LUFTANDSHIELDS2003THECONTINGENCYAPPROACHTHEREFOREOFFERSANEXPLANATIONFORTHEVARIETYOFINTERNALCONTROLSYSTEMSFOUNDINPRACTICEHOWEVER,CONTINGENCYTHEORYCONSTITUTESANOVELAPPROACHTOSTUDYINGINTERNALCONTROLANDTHUS,THEORETICALFUNDAMENTALSANDCHOSENCHARACTERISTICSAREDERIVEDFROMTHECONTINGENCYBASEDCONTROLLITERATURECONSEQUENTLY,MANAGEMENTCONTROL11INTERNALCONTROLANDMANAGEMENTCONTROLSYSTEMSSHARESOMEELEMENTSBUTTHECOMMONALITIESANDDIFFERENCESDEPENDONTHEBREADTHOFTHEDEFINITIONUSEDCHENHALL2003STATESTHATPREVIOUSCONTINGENCYBASEDMANAGEMENTCONTROLRESEARCHFOLLOWSTHECONVENTIONALVIEWTHATPERCEIVESTHEMANAGEMENTCONTROLSYSTEMASAPASSIVETOOLDESIGNEDTOASSISTMANAGERS’DECISIONMAKINGAMANAGEMENTCONTROLSYSTEMENCOMPASSESAMANAGEMENTACCOUNTINGSYSTEMANDALSOINCLUDESOTHERCONTROLSSUCHASPERSONALORCLANCONTROLSONTHEOTHERHAND,THEBROADDEFINITIONOFINTERNALCONTROLDETERMINANTSANDCONSEQUENCESOFINTERNALCONTROLINFIRMS117123
下載積分: 10 賞幣
上傳時間:2024-03-13
頁數(shù): 30
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下載積分: 10 賞幣
上傳時間:2024-03-15
頁數(shù): 17
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下載積分: 10 賞幣
上傳時間:2024-03-15
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簡介:字數(shù)英文字數(shù)英文30043004單詞,單詞,1593215932字符;中文字符;中文55165516漢字漢字出處出處AHMEDAHMEDSS,GURUMOORTHYGURUMOORTHYBFORMFORMANDANDCOLOURCOLOURTWOTWOBASICBASICELEMENTSELEMENTSOFOFDESIGNJDESIGNJRESEARCHRESEARCHINTOINTODESIGNDESIGNFORFORCOMMUNITIES,2017,2893902COMMUNITIES,2017,2893902外文文獻外文文獻FORMANDCOLOURTWOBASICELEMENTSOFDESIGNABSTRACTTHEREISNOCONSENSUSAMONGTHEDESIGNERSANDDESIGNEDUCATORSONTHENUMBEROFDESIGNELEMENTSFORWELLOVER100YEARSOFFORMALDESIGNEDUCATION,DESIGNSTUDENTSARETRAINEDTOUSEVARYINGNUMBEROFELEMENTSINTHEIRPURSUITOFDESIGNINGPRODUCTSINTHEDESIGNLITERATURE,THEREAREDIFFERENTSETSOFDESIGNELEMENTSMENTIONEDFORTHEPURPOSEOFDESIGNINGPRODUCTSTHISINCONSISTENCYHASOFTENLEDTOCONFUSIONAMONGDESIGNSTUDENTSANDDESIGNERSABOUTWHATREALLYARETHEELEMENTSTHISPAPERISANATTEMPTTOBRINGSOMECLARITYTOTHISSTATEOFCONFUSIONTHISALSOEXPLAINSWHYTHEREAREVARYINGNUMBEROFELEMENTSUSEDBYDESIGNERSANDHOWONECANEXPANDTHEBASICELEMENTSOFDESIGN,FORMANDCOLOUR,INTOVARYINGNUMBEROFELEMENTSFORMEETINGTHEIRPURPOSERESULTSOFTHISSTUDYWILLHELPDESIGNERSTOMAKEUSEOFTHEPOPULARMETHODOFDESIGNINGWITHMORECLARITYANDCUSTOMIZEITTOSUITONE’SREQUIREMENTSKEYWORDSDESIGNELEMENTS,DESIGNPRINCIPLES,FORM,COLOUR1INTRODUCTIONTHEREISNOCONSENSUSAMONGTHEDESIGNERSANDDESIGNEDUCATORSONTHENUMBEROFDESIGNELEMENTSACCORDINGTOLAUER,WHOWROTEABOOKONDESIGNBASICS,“NOTWODESIGNERSWILLEVERAGREEONTHESAMELISTOFDESIGNELEMENTSANDPRINCIPLESORONWHICHAREWHICH”THEREHASNOTBEENANYWORKONFINDINGWHYTHEREAREMANYDESIGN2OVERVIEWWORKSOF12AUTHORSWHOHAVEMAJORLYCONTRIBUTEDTOTHEFIELDOFDESIGNEDUCATIONSINCETHEBEGINNINGOF20THCENTURYHAVEBEENCONSIDEREDTHEDESIGNELEMENTSPROPOSEDBYTHEMHAVEBEENANALYZEDINTHISPAPER,ATTEMPTSHAVEBEENMADETOFINDWHYTHEREHASBEENNOCONSENSUSANDFINDOUTIFTHEREAREANYUNIVERSALDESIGNELEMENTSPOSSIBLETHESEHAVEDONEBYDEFININGTHEDESIGNELEMENTS,CRITERIACHECKONTHEPROPOSEDELEMENTS,ANDCATEGORIZINGTHEACCEPTEDDESIGNELEMENTSBASEDONTHEIRFUNCTION/NATURE/CHARACTERISTICSFORMANDCOLOURARETHEBASICDESIGNELEMENTSTHATFINALLYEMERGEOUTOFTHEANALYSISTHERESULTSAREDISCUSSEDANDTHERECOMMENDATIONSFORAPPLICATIONTODIFFERENTBRANCHESOFDESIGNARESUGGESTED3ASSUMPTIONSANDMETHODSWHENPEOPLEENGAGEWITHPRODUCTS,ITISTYPICALLYAMULTISENSORYEXPERIENCEINADDITIONTOPRODUCT’SVISUALFORM,OTHERPRODUCTQUALITIESLIKETACTILE,AUDITORY,SOMETIMESOLFACTORYANDGUSTATORYAREALSOUSEDINAPRODUCTEXPERIENCEHOWEVERPRODUCT’SVISUALFORMISCONSIDEREDPARTICULARLYIMPORTANTFORTHEFOLLOWINGREASONSAVISIONISTHEDOMINANTSENSEFORMAJORITYOFTHEPEOPLEBVISIONISASENSETHATISEFFECTIVEOVERDISTANCEANDBECAUSEOFTHISPRODUCTSARETYPICALLYSEENBEFORETHEYARETOUCHEDCCONSUMERSAPPROACHAPRODUCTTOEXPLOREITSNONVISUALQUALITIESBECAUSEOFTENTHEPRODUCT’SVISUALFORMINITIALLYATTRACTEDTHEMPERHAPSBECAUSEOFTHESEREASONS,THEMAJORITYOFTHELITERATUREFOCUSSESONVISUALASPECTSINCOMPARISONTOOTHERSENSESVISUALAESTHETICSANDVISUALPERCEPTIONSARECOMMONLYUSEDTERMSINTHELITERATUREFORTHEPURPOSEOFTHISPAPER,ASSUMPTIONSANDDEFINITIONSAREMADEBASEDONTHEDOMINANCEOFTHEVISUALSENSE31DEFINITIONOFADESIGNELEMENT
下載積分: 10 賞幣
上傳時間:2024-03-11
頁數(shù): 22
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簡介:2300單詞單詞,13萬英文字符萬英文字符,4000漢字出處ZIZIPAPACHARISSIPHD,ANDREWLMENDELSONPHDANEXPLORATORYSTUDYOFREALITYAPPEALUSESANDGRATIFICATIONSOFREALITYTVSHOWSJJOURNALOFBROADCASTINGKAMINER,2000REISSKILBORN,1994MOREOVER,THEREALITYMODELCOULDPOTENTIALLYEMPOWERAUDIENCES,BYALLOWINGTHEMTOPARTICIPATE,DIRECTLYORFROMHOME,ANDINFLUENCETHECREATIONOFMEDIACONTENTDAUNCEY,1996WONG,2001ONTHEOTHERHAND,THISPOTENTIALEMPOWERMENTCOULDREINFORCETHECOMMODIFICATIONOFAUDIENCES,WHONOTONLY“BUY”THEREALITYSHOWPRODUCT,BUTBECOMETHESURVEILLEDREALITYSHOWPRODUCTTHEMSELVESANDREJEVIC,2002KILBORN,1994WONG,2001FINALLY,THEGROWINGAPPEALOFREALITYPROGRAMMINGRAISESTHEQUESTIONOFDISTINCTIONBETWEENREALANDFICTIONALPROGRAMMING,ESPECIALLYINTERMSOFHOWAUDIENCESPERCEIVEREALITYVERSUSFICTIONFETVEIT,1999MENDELSONAREACTIONTOTHE“SENSETHATINOURPOSTPHOTOGRAPHIC,DIGITALIZEDAND‘COMICBOOKWORLDEVERYTHINGISCONSTRUCTED,NOTHINGSEEMS‘REAL”P326DAUNCEY1995CONSIDEREDTHEEMPOWERINGEFFECTOFREALITYTVANDCONCLUDEDTHATWHILEREALITYSHOWSMODERNIZENOTIONSOFWHATISCONSIDEREDCULTURE,THEYALSOCHALLENGETRADITIONALVALUESEMPIRICALLYGUIDEDINVESTIGATIONSOFREALITYPROGRAMMINGSEEKANUNDERSTANDINGOFHOWAUDIENCESUSEANDPROCESSREALITYCONTENTSPECIFICALLY,JONES2003CONDUCTEDQUANTITATIVEANDQUALITATIVEINTERVIEWSOFBIGBROTHERFANS,TODETERMINEHOWTHEYNEGOTIATEDPERCEIVED“REALNESS”O(jiān)FREALITYPROGRAMMINGSHEFOUNDWHILETHENARRATIVESOFSUCH“DOCUSOAPS”WEREINDEEDPOPULAR,THEAUDIENCESWEREAWAREOFTHEARTIFICIALITYOFTHEWHOLEEXPERIENCE,BUTINCORPORATEDITTOTHEIRMECHANISMSFORDERIVINGPLEASUREFROMTHISMEDIAGENREENGSTROMANDSEMIC2003EXAMINEDTREATMENTOFRELIGIONONREALITYTVPROGRAMMING,ANDFOUNDTHATMOSTPORTRAYALSOFRELIGIONWEREHEGEMONIC,INTERMSOFTHERELIGIOUSCEREMONIES,BELIEFS,ANDBEHAVIORSFEATURED
下載積分: 4 賞幣
上傳時間:2024-05-21
頁數(shù): 10
大小: 0.03(MB)
子文件數(shù):
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簡介:8300英文單詞,英文單詞,45萬英文字符,中文萬英文字符,中文15萬字萬字文獻出處文獻出處ANAGENCYTHEORETICANALYSISOFVALUECREATIONTHROUGHMANAGEMENTBUYOUTSOFFAMILYFIRMSJJOURNALOFFAMILYBUSINESSSTRATEGY,2012,34197206ANAGENCYTHEORETICANALYSISOFVALUECREATIONTHROUGHMANAGEMENTBUYOUTSOFFAMILYFIRMSJAMESJCHRISMAN,JESSHCHUA,LLOYDPSTEIER,MIKEWRIGHT,D’LISANMCKEEABSTRACTFAMILYFIRMSWITHOUTABLEANDWILLINGFAMILYSUCCESSORSAREFREQUENTLYSOLDTONONFAMILYMANAGERSTHROUGHMANAGEMENTBUYOUTSMBOSWHETHERMBOSCREATEVALUEISTHOUGHTTOBEDEPENDENTUPONTHEABILITYTOREDUCEOWNER–MANAGERAGENCYCOSTSINTHISARTICLEWEEXAMINETHEAGENCYCOSTSOFMBOSTHATACQUIREFAMILYFIRMSWECONTRIBUTETOTHEORYBYARGUINGTHATINSUCHSITUATIONS,VALUECREATIONBYREDUCINGAGENCYCOSTSWILLDEPENDUPONPREMBOAGENCYCOSTS,THEABILITYTOSOLVETHEDOUBLEAGENCYPROBLEM,ANDTHERELATIONSHIPBETWEENTHECOSTOFAGENCYCONTROLMECHANISMSANDTHERESIDUALLOSSESFROMOPPORTUNISMBEFOREANDAFTERTHEMBOKEYWORDSAGENCYTHEORYFAMILYBUSINESSMANAGEMENTBUYOUTS1INTRODUCTIONFAMILYFIRMSACCOUNTFORTHEMAJORITYOFFIRMSAROUNDTHEWORLDLAPORTA,LO′PEZDESILANES,SHLEIFER,MORCKCHUA,CHRISMAN,LIM,LUBATKIN,SCHOLES,WRIGHT,WESTHEAD,BURROWS,MCCONAUGHY,MATTHEWS,ARTHURS,HOSKISSON,BUSENITZ,BRUTON,FILATOTCHEV,CHAHINE,CHILDWASSERMAN,2003RESEARCHERSTYPICALLYASSUMETHATTRANSITIONSINFAMILYFIRMSWILLINVOLVETHEFAMILYHOWEVER,AVARIETYOFFACTORSASSOCIATEDWITHTHEABILITYANDINTENTIONSOFINDIVIDUALFAMILYMEMBERS,FAMILYRELATIONSHIPS,STRATEGICCONTEXT,FINANCES,ANDTRANSITIONPROCESSESCANSOMETIMESMAKEINTRAFAMILYSUCCESSIONIMPOSSIBLEORUNDESIRABLEDEMASSIS,CHUA,TAGIURIWARD,1997MBOSAREAMONGTHEMOSTIMPORTANTANDDESIRABLEALTERNATIVESFORSELLINGAFIRMOUTSIDETHEFAMILY,PARTLYBECAUSESOMEMBOSCENARIOSAREMORELIKELYTHOUGHNOTGUARANTEEDTOPRESERVESOMEOFTHEORIGINALIDENTITYOFTHEFIRMAFTERTHESALETHANOTHERSELLINGOPTIONSSUCHASIPOSSCHOLESETAL,2007INFACT,AFTERTHEMBO,SOMEFAMILYMEMBERSMAYCONTINUETOBEEMPLOYEDINTHEFIRMHOWORTHETAL,2004ANDMANYFIRMSRETAINATLEASTALITTLE‘FAMILINESS’EVENAFTERSUBSTANTIALOWNERSHIPHASBEENTRANSFERREDTOOUTSIDERSFIEGENER,2010HOWEVER,FROMTHEVANTAGEPOINTOFTHEACQUIRERS,SUCCESSORFAILUREISMEASUREDNOTBYCONTINUEDFAMILYINVOLVEMENTOREVENSTRICTLYINTERMSOFPROFITABILITYRATHERSUCCESSISMEASUREDBYTHEEXTENTTOWHICHINCREMENTALVALUEISCREATEDAFTERTHETRANSFEROFOWNERSHIPACQUIRERSTYPICALLYHAVETOPAYACONTROLPREMIUMFINNERTYEMERY,2004ANDTHEREFOREMUSTBEABLETOADDTOFIRMVALUEOVERANDABOVETHEPREMIUMPAIDTOBESUCCESSFULWHENTHEFIRMISOWNEDBYAFAMILY,THEHURDLEMAYBEEVENHIGHERBECAUSEFAMILYOWNERSTENDTOATTACHSOCIOEMOTIONALVALUETOTHEFIRMGO′MEZMEJIA,HYNES,NUNEZNICKEL,MOYANOFUENTES,2007,WHICHCANFURTHERINCREASETHESELLINGPREMIUMDEMANDEDZELLWEGER,KELLERMANNS,CHRISMAN,CHUA,2012ASMENTIONEDABOVE,VALUECREATIONBYTHEOWNERSPOSTMBOWILLDEPENDONECONOMICCONDITIONS,STRATEGY,GOVERNANCE,ORGANIZATIONALSTRUCTURE,SYSTEMS,CULTURE,TAXES,ANDAGENCYCOSTS,AMONGOTHERSIFWEABSTRACTFROMTHEUNCONTROLLABLEECONOMIC,TAX,ANDNATIONALCULTURALCONDITIONS,THENWHATREMAINSTOAFFECTFIRMVALUEAREDECISIONSREGARDINGGOVERNANCE,STRATEGIES,STRUCTURE,POLICIES,TACTICS,SYSTEMS,ETCWHICHWOULDBEDETERMINEDBYTHEFAMILYBEFORETHEMBOANDBYTHENONFAMILYOWNERSAFTERWARDIF,INDEED,VALUECREATIONAFTERTHEMBOISTOBEACHIEVEDTHROUGHOPTIMALCHANGESINGOVERNANCE,STRATEGY,ETC,ONEMAYLEGITIMATELYASKWHYSUCHCHANGESWERENOTIMPLEMENTEDBEFORETHEMBOANOBVIOUSANSWERISTHATTHECONTROLLING
下載積分: 10 賞幣
上傳時間:2024-03-16
頁數(shù): 36
大?。?0.08(MB)
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簡介:英文英文3700單詞,單詞,22500英文字符,中文英文字符,中文6800字文獻出處文獻出處THOMASWBUCHNERPERFORMANCEMANAGEMENTTHEORYALOOKFROMTHEPERFORMERSPERSPECTIVEWITHIMPLICATIONSFORHRDJHUMANRESOURCEDEVELOPMENTINTERNATIONAL,2007,1015973PERFORMANCEMANAGEMENTTHEORYALOOKFROMTHEPERFORMER’SPERSPECTIVEWITHIMPLICATIONSFORHRDTHOMASWBUCHNERABSTRACTPERFORMANCEMANAGEMENTMETHODSARERECEIVINGINCREASEDATTENTIONASORGANIZATIONSSEEKPERFORMANCEGAINSFROMTHEIRWORKFORCESDURINGCHALLENGINGECONOMICTIMESINTHISPAPER,THECONSTRUCTOFPERFORMANCEMANAGEMENTISCHALLENGEDALONGTWOLINESHOWAPPLIEDMODELSDONOTTAKEFULLADVANTAGEOFEXISTINGTHEORIESOFWORKMOTIVATIONANDHOWTHEIMPACTOFPERFORMANCEMANAGEMENTWILLCONTINUETOBECONSTRAINEDASLONGITREMAINSAPREDOMINANTLYTOPDOWNPROCESSSEVERALRELEVANTTHEORIESOFMOTIVATIONAREEXAMINEDTOILLUSTRATEGAPSBETWEENTHEORYANDPRACTICEANDTOPROVIDEABASISFORLOOKINGATPERFORMANCEMANAGEMENTFROMTHEPERFORMER’SPERSPECTIVERESULTINGIMPLICATIONSFORTHEHUMANRESOURCEDEVELOPMENTHRDFIELDAREDISCUSSEDKEYWORDSPERFORMANCEMANAGEMENT,PERFORMANCEAPPRAISAL,MOTIVATION,SELFMANAGEMENTINRECENTYEARS,CHALLENGINGECONOMICCONDITIONSHAVESTRESSEDORGANIZATIONS,SOMETOTHEBREAKINGPOINTRATHERTHANWAITINGFOREXTERNALIMPROVEMENTS,SUCHASMARKETGROWTHORTECHNOLOGICALADVANCES,MANYORGANIZATIONSARELOOKINGINTERNALLYFORPERFORMANCEANDPRODUCTIVITYGAINSCONSEQUENTLY,THECONCEPTOFPERFORMANCEMANAGEMENTISRECEIVINGINCREASEDATTENTIONASAROUTETOIMPROVEDRESULTSBOXALLANDPURCELL,2003ATTHESAMETIME,REGRETTABLY,LINGERINGCONCERNSOVERTHEEFFECTIVENESSCOENSANDJENKINS,2000ANDDISSATISFACTIONBERNARDINETAL,1998HAVENOTBEENRESOLVEDTHEORETICALQUESTIONSPERFORMANCEMANAGEMENTISATOPICOFINTERESTTOHUMANRESOURCEDEVELOPMENTHRDPROFESSIONALS,ESPECIALLYTHOSEENGAGEDINHELPINGORGANIZATIONSRETHINKANDREDESIGNTHEIRPERFORMANCEMANAGEMENTSYSTEMSFROMATHEORETICALSTANDPOINT,ANUMBEROFQUESTIONSREACHOUTTOTHEHRDFIELDASITCONSIDERSTHEIMPACTOFPERFORMANCEMANAGEMENTSYSTEMSINORGANIZATIONSTWOOFTHESEQUESTIONSARERAISEDINTHISCONCEPTUALPAPERTOENCOURAGEANDSTIMULATEFURTHERDISCUSSIONFIRST,TOWHATDEGREEISAPPLIEDPERFORMANCEMANAGEMENTSUPPORTEDBYVALIDTHEORIESINOTHERWORDS,ISTHERECLEAREVIDENCEOFTHEORETICALRESEARCHSUPPORTINGHOWORGANIZATIONSMANAGEPERFORMANCESECOND,WHATFRESHINSIGHTSMIGHTWEDISCOVERIFWESERIOUSLYLOOKEDATPERFORMANCEMANAGEMENTFROMTHEPERFORMER’SPERSPECTIVETHESEQUESTIONSSUGGESTPOTENTIALFORFUNDAMENTALCHANGEINHOWPERFORMANCEISMANAGEDANDOPPORTUNITYFORINCREASINGTHEIMPACTOFPERFORMANCEMANAGEMENTSYSTEMSINORGANIZATIONSGIVENTHESUBSTANTIALRESOURCESORGANIZATIONSCOMMITTOPERFORMANCEMANAGEMENT,ITDOESNOTAPPEARASWELLSUPPORTEDBYTHEORYASONEMIGHTEXPECTTHEREAREADVANCEDMODELSAVAILABLEEGRUMMLERANDBRACHE,1995,BUTTYPICALLYPERFORMANCEMANAGEMENTISDESCRIBEDINPROCESSTERMSEGGROTE,1996SWAN,1991SUCHDESCRIPTIONSPRESENTTHESTANDARDSTEPSOFPERFORMANCEMANAGEMENTFROMOBJECTIVESETTING,THROUGHFORMALAPPRAISAL,TOTHESTARTOFTHENEXTCYCLETHESETRENDSCOMBINETOCALLFORTHERETHINKINGOFPERFORMANCEMANAGEMENTTHEYEXPLAINWHYRESEARCHSUGGESTSTHESTARTOFASHIFTOFRESPONSIBILITYFOREMPLOYEEMOTIVATIONFROMTHEMANAGERTOTHEEMPLOYEEKANFERANDHEGGESTAD,1997ASANNESAUNIEROFTHEBUSINESSMAGAZINEFASTCOMPANYPUTIT,‘ULTIMATELY,MANAGERSAREN’TRESPONSIBLEFORTHEIRPEOPLE’SPERFORMANCEPEOPLEARERESPONSIBLEFORTHEIROWNPERFORMANCETHERE’SFEEDBACKALLAROUNDYOU–IFYOUPAYATTENTIONIFYOU’RENOTGETTINGENOUGHFEEDBACK,ASKFORIT’CITEDINCOENSANDJENKINS,2000,P115IFEFFECTIVEPERFORMANCEMANAGEMENTISNOTOCCURRINGINORGANIZATIONSDUETOCHANGINGWORKPLACECIRCUMSTANCESANDPRESSUREONMANAGERIALROLES,WHILEATTHESAMETIMEGROWINGNUMBERSOFEMPLOYEESAREINTERESTEDINTAKINGCHARGEOFTHEIROWNPERFORMANCE,THENSIGNIFICANTOPPORTUNITYEXISTSFORTHEHRDPROFESSIONTOPROGRESSIVELYANDCONFIDENTLYADVANCETHEPRACTICEOFPERFORMANCEMANAGEMENTPERFORMANCEMANAGEMENTTRADITIONALLY,THETERMPERFORMANCEMANAGEMENTHASBEENDEFINEDASMANAGEMENT’SSYSTEMATICAPPLICATIONOFPROCESSESAIMEDATOPTIMIZINGHUMANPERFORMANCEINANORGANIZATIONWARREN,1982THEEMPHASISONPROCESSSTANDSOUTDEFINEDTHISWAY,PERFORMANCEMANAGEMENTCARRIESASOMEWHATNEGATIVECONNOTATIONWHENCONSIDEREDFROMTHEPERFORMER’SPERSPECTIVE–ASSOMETHINGDONETOPEOPLEMOREPROGRESSIVEDEFINITIONSBRINGTHECOMMUNICATIONASPECTTOTHEFOREFRONT,ASINWEISSANDHARTLE’S1997‘APROCESSFORESTABLISHINGASHAREDUNDERSTANDINGABOUTWHATISTOBEACHIEVED,ANDHOWITISTOBEACHIEVED,ANDANAPPROACHTOMANAGINGPEOPLETHATINCREASESTHEPROBABILITYOFACHIEVINGSUCCESS’P3WHILEANIMPROVEMENT,THISDEFINITIONCONTINUESTOREPRESENTATOPDOWNORIENTATIONTHEEMPHASISONPROCESSCARRIESTHROUGHINPREVAILINGPERFORMANCEMANAGEMENTMODELSFOREXAMPLE,RUMMLERANDBRACHE’S1995HUMANPERFORMANCESYSTEMPLACESTHEPERFORMERATTHECENTRE,RECEIVINGINPUTSANDRESOURCES,CARRYINGOUTTASKSANDPERFORMANCEACTIVITIES,ANDPRODUCINGOUTPUTSTHISBASICPERFORMANCESYSTEMISENHANCEDBYPERFORMANCESTANDARDSTOCUEBEHAVIOURSANDDIRECTOUTPUTSAPERFORMANCEFEEDBACKLOOPFORMONITORINGACTIVITIESANDOUTPUTSANDAFORMALPERFORMANCEAPPRAISALSTEPGILLEYETAL,1999RUMMLERANDBRACHE’S1995ITEMIZATIONOFFACTORSTHATAFFECTTHEIRCONCEPTUALIZEDPERFORMANCESYSTEMPOSEIMPORTANTQUESTIONSTOMANAGEMENTFROMSIXDOMAINSAISPERFORMANCESPECIFIED,BISTHEREADEQUATETASKSUPPORT,CARECONSEQUENCESALIGNEDWITHTARGETEDPERFORMANCE,DISFEEDBACKPROVIDED,EDOPERFORMERSHAVEREQUIREDSKILLSANDKNOWLEDGE,ANDFDOPERFORM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下載積分: 5 賞幣
上傳時間:2024-05-21
頁數(shù): 13
大?。?0.04(MB)
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下載積分: 10 賞幣
上傳時間:2024-03-13
頁數(shù): 17
大?。?0.17(MB)
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簡介:英文英文3700單詞,單詞,22500英文字符,中文英文字符,中文6800字文獻出處文獻出處THOMASWBUCHNERPERFORMANCEMANAGEMENTTHEORYALOOKFROMTHEPERFORMERSPERSPECTIVEWITHIMPLICATIONSFORHRDJHUMANRESOURCEDEVELOPMENTINTERNATIONAL,2007,1015973PERFORMANCEMANAGEMENTTHEORYALOOKFROMTHEPERFORMER’SPERSPECTIVEWITHIMPLICATIONSFORHRDTHOMASWBUCHNERABSTRACTPERFORMANCEMANAGEMENTMETHODSARERECEIVINGINCREASEDATTENTIONASORGANIZATIONSSEEKPERFORMANCEGAINSFROMTHEIRWORKFORCESDURINGCHALLENGINGECONOMICTIMESINTHISPAPER,THECONSTRUCTOFPERFORMANCEMANAGEMENTISCHALLENGEDALONGTWOLINESHOWAPPLIEDMODELSDONOTTAKEFULLADVANTAGEOFEXISTINGTHEORIESOFWORKMOTIVATIONANDHOWTHEIMPACTOFPERFORMANCEMANAGEMENTWILLCONTINUETOBECONSTRAINEDASLONGITREMAINSAPREDOMINANTLYTOPDOWNPROCESSSEVERALRELEVANTTHEORIESOFMOTIVATIONAREEXAMINEDTOILLUSTRATEGAPSBETWEENTHEORYANDPRACTICEANDTOPROVIDEABASISFORLOOKINGATPERFORMANCEMANAGEMENTFROMTHEPERFORMER’SPERSPECTIVERESULTINGIMPLICATIONSFORTHEHUMANRESOURCEDEVELOPMENTHRDFIELDAREDISCUSSEDKEYWORDSPERFORMANCEMANAGEMENT,PERFORMANCEAPPRAISAL,MOTIVATION,SELFMANAGEMENTINRECENTYEARS,CHALLENGINGECONOMICCONDITIONSHAVESTRESSEDORGANIZATIONS,SOMETOTHEBREAKINGPOINTRATHERTHANWAITINGFOREXTERNALIMPROVEMENTS,SUCHASMARKETGROWTHORTECHNOLOGICALADVANCES,MANYORGANIZATIONSARELOOKINGINTERNALLYFORPERFORMANCEANDPRODUCTIVITYGAINSCONSEQUENTLY,THECONCEPTOFPERFORMANCEMANAGEMENTISRECEIVINGINCREASEDATTENTIONASAROUTETOIMPROVEDRESULTSBOXALLANDPURCELL,2003ATTHESAMETIME,REGRETTABLY,LINGERINGCONCERNSOVERTHEEFFECTIVENESSCOENSANDJENKINS,2000ANDDISSATISFACTIONBERNARDINETAL,1998HAVENOTBEENRESOLVEDTHEORETICALQUESTIONSPERFORMANCEMANAGEMENTISATOPICOFINTERESTTOHUMANRESOURCEDEVELOPMENTHRDPROFESSIONALS,ESPECIALLYTHOSEENGAGEDINHELPINGORGANIZATIONSRETHINKANDREDESIGNTHEIRPERFORMANCEMANAGEMENTSYSTEMSFROMATHEORETICALSTANDPOINT,ANUMBEROFQUESTIONSREACHOUTTOTHEHRDFIELDASITCONSIDERSTHEIMPACTOFPERFORMANCEMANAGEMENTSYSTEMSINORGANIZATIONSTWOOFTHESEQUESTIONSARERAISEDINTHISCONCEPTUALPAPERTOENCOURAGEANDSTIMULATEFURTHERDISCUSSIONFIRST,TOWHATDEGREEISAPPLIEDPERFORMANCEMANAGEMENTSUPPORTEDBYVALIDTHEORIESINOTHERWORDS,ISTHERECLEAREVIDENCEOFTHEORETICALRESEARCHSUPPORTINGHOWORGANIZATIONSMANAGEPERFORMANCESECOND,WHATFRESHINSIGHTSMIGHTWEDISCOVERIFWESERIOUSLYLOOKEDATPERFORMANCEMANAGEMENTFROMTHEPERFORMER’SPERSPECTIVETHESEQUESTIONSSUGGESTPOTENTIALFORFUNDAMENTALCHANGEINHOWPERFORMANCEISMANAGEDANDOPPORTUNITYFORINCREASINGTHEIMPACTOFPERFORMANCEMANAGEMENTSYSTEMSINORGANIZATIONSGIVENTHESUBSTANTIALRESOURCESORGANIZATIONSCOMMITTOPERFORMANCEMANAGEMENT,ITDOESNOTAPPEARASWELLSUPPORTEDBYTHEORYASONEMIGHTEXPECTTHEREAREADVANCEDMODELSAVAILABLEEGRUMMLERANDBRACHE,1995,BUTTYPICALLYPERFORMANCEMANAGEMENTISDESCRIBEDINPROCESSTERMSEGGROTE,1996SWAN,1991SUCHDESCRIPTIONSPRESENTTHESTANDARDSTEPSOFPERFORMANCEMANAGEMENTFROMOBJECTIVESETTING,THROUGHFORMALAPPRAISAL,TOTHESTARTOFTHENEXTCYCLETHESETRENDSCOMBINETOCALLFORTHERETHINKINGOFPERFORMANCEMANAGEMENTTHEYEXPLAINWHYRESEARCHSUGGESTSTHESTARTOFASHIFTOFRESPONSIBILITYFOREMPLOYEEMOTIVATIONFROMTHEMANAGERTOTHEEMPLOYEEKANFERANDHEGGESTAD,1997ASANNESAUNIEROFTHEBUSINESSMAGAZINEFASTCOMPANYPUTIT,‘ULTIMATELY,MANAGERSAREN’TRESPONSIBLEFORTHEIRPEOPLE’SPERFORMANCEPEOPLEARERESPONSIBLEFORTHEIROWNPERFORMANCETHERE’SFEEDBACKALLAROUNDYOU–IFYOUPAYATTENTIONIFYOU’RENOTGETTINGENOUGHFEEDBACK,ASKFORIT’CITEDINCOENSANDJENKINS,2000,P115IFEFFECTIVEPERFORMANCEMANAGEMENTISNOTOCCURRINGINORGANIZATIONSDUETOCHANGINGWORKPLACECIRCUMSTANCESANDPRESSUREONMANAGERIALROLES,WHILEATTHESAMETIMEGROWINGNUMBERSOFEMPLOYEESAREINTERESTEDINTAKINGCHARGEOFTHEIROWNPERFORMANCE,THENSIGNIFICANTOPPORTUNITYEXISTSFORTHEHRDPROFESSIONTOPROGRESSIVELYANDCONFIDENTLYADVANCETHEPRACTICEOFPERFORMANCEMANAGEMENTPERFORMANCEMANAGEMENTTRADITIONALLY,THETERMPERFORMANCEMANAGEMENTHASBEENDEFINEDASMANAGEMENT’SSYSTEMATICAPPLICATIONOFPROCESSESAIMEDATOPTIMIZINGHUMANPERFORMANCEINANORGANIZATIONWARREN,1982THEEMPHASISONPROCESSSTANDSOUTDEFINEDTHISWAY,PERFORMANCEMANAGEMENTCARRIESASOMEWHATNEGATIVECONNOTATIONWHENCONSIDEREDFROMTHEPERFORMER’SPERSPECTIVE–ASSOMETHINGDONETOPEOPLEMOREPROGRESSIVEDEFINITIONSBRINGTHECOMMUNICATIONASPECTTOTHEFOREFRONT,ASINWEISSANDHARTLE’S1997‘APROCESSFORESTABLISHINGASHAREDUNDERSTANDINGABOUTWHATISTOBEACHIEVED,ANDHOWITISTOBEACHIEVED,ANDANAPPROACHTOMANAGINGPEOPLETHATINCREASESTHEPROBABILITYOFACHIEVINGSUCCESS’P3WHILEANIMPROVEMENT,THISDEFINITIONCONTINUESTOREPRESENTATOPDOWNORIENTATIONTHEEMPHASISONPROCESSCARRIESTHROUGHINPREVAILINGPERFORMANCEMANAGEMENTMODELSFOREXAMPLE,RUMMLERANDBRACHE’S1995HUMANPERFORMANCESYSTEMPLACESTHEPERFORMERATTHECENTRE,RECEIVINGINPUTSANDRESOURCES,CARRYINGOUTTASKSANDPERFORMANCEACTIVITIES,ANDPRODUCINGOUTPUTSTHISBASICPERFORMANCESYSTEMISENHANCEDBYPERFORMANCESTANDARDSTOCUEBEHAVIOURSANDDIRECTOUTPUTSAPERFORMANCEFEEDBACKLOOPFORMONITORINGACTIVITIESANDOUTPUTSANDAFORMALPERFORMANCEAPPRAISALSTEPGILLEYETAL,1999RUMMLERANDBRACHE’S1995ITEMIZATIONOFFACTORSTHATAFFECTTHEIRCONCEPTUALIZEDPERFORMANCESYSTEMPOSEIMPORTANTQUESTIONSTOMANAGEMENTFROMSIXDOMAINSAISPERFORMANCESPECIFIED,BISTHEREADEQUATETASKSUPPORT,CARECONSEQUENCESALIGNEDWITHTARGETEDPERFORMANCE,DISFEEDBACKPROVIDED,EDOPERFORMERSHAVEREQUIREDSKILLSANDKNOWLEDGE,ANDFDOPERFORM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上傳時間:2024-03-17
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簡介:FORMANDCOLOURTWOBASICELEMENTSOFDESIGNSSALEEMAHMEDANDBGURUMOORTHYABSTRACTTHEREISNOCONSENSUSAMONGTHEDESIGNERSANDDESIGNEDUCATORSONTHENUMBEROFDESIGNELEMENTSFORWELLOVER100YEARSOFFORMALDESIGNEDUCATION,DESIGNSTUDENTSARETRAINEDTOUSEVARYINGNUMBEROFELEMENTSINTHEIRPURSUITOFDESIGNINGPRODUCTSINTHEDESIGNLITERATURE,THEREAREDIFFERENTSETSOFDESIGNELEMENTSMENTIONEDFORTHEPURPOSEOFDESIGNINGPRODUCTSTHISINCONSISTENCYHASOFTENLEDTOCONFUSIONAMONGDESIGNSTUDENTSANDDESIGNERSABOUTWHATREALLYARETHEELEMENTSTHISPAPERISANATTEMPTTOBRINGSOMECLARITYTOTHISSTATEOFCONFUSIONTHISALSOEXPLAINSWHYTHEREAREVARYINGNUMBEROFELEMENTSUSEDBYDESIGNERSANDHOWONECANEXPANDTHEBASICELEMENTSOFDESIGN,FORMANDCOLOUR,INTOVARYINGNUMBEROFELEMENTSFORMEETINGTHEIRPURPOSERESULTSOFTHISSTUDYWILLHELPDESIGNERSTOMAKEUSEOFTHEPOPULARMETHODOFDESIGNINGWITHMORECLARITYANDCUSTOMIZEITTOSUITONE’SREQUIREMENTSKEYWORDSDESIGNELEMENTS?DESIGNPRINCIPLES?FORM?COLOUR1INTRODUCTIONTHEREISNOCONSENSUSAMONGTHEDESIGNERSANDDESIGNEDUCATORSONTHENUMBEROFDESIGNELEMENTS1ACCORDINGTOLAUER2,WHOWROTEABOOKONDESIGNBASICS,“NOTWODESIGNERSWILLEVERAGREEONTHESAMELISTOFDESIGNELEMENTSANDPRINCIPLESORONWHICHAREWHICH”THEREHASNOTBEENANYWORKONFINDINGWHYTHEREAREMANYDESIGNELEMENTSANDPRINCIPLESSO,THISGAPISPARTLYBEINGFILLEDUPTHROUGHINVESTIGATIONONTHEDESIGNELEMENTSINTHISPAPERSSALEEMAHMED?BGURUMOORTHYCENTREFORPRODUCTDESIGNANDMANUFACTURING,INDIANINSTITUTEOFSCIENCE,BANGALORE,INDIAEMAILSALEEMAHMEDVITACINPRESENTADDRESSSSALEEMAHMEDSCHOOLOFMECHANICALENGINEERING,VITUNIVERSITY,VELLORE,INDIA?SPRINGERNATURESINGAPOREPTELTD2017ACHAKRABARTIANDDCHAKRABARTIEDS,RESEARCHINTODESIGNFORCOMMUNITIES,VOLUME2,SMARTINNOVATION,SYSTEMSANDTECHNOLOGIES66,DOI101007/9789811035210_768933ASSUMPTIONSANDMETHODSWHENPEOPLEENGAGEWITHPRODUCTS,ITISTYPICALLYAMULTISENSORYEXPERIENCEINADDITIONTOPRODUCT’SVISUALFORM,OTHERPRODUCTQUALITIESLIKETACTILE,AUDITORY,SOMETIMESOLFACTORYANDGUSTATORYAREALSOUSEDINAPRODUCTEXPERIENCEHOWEVERPRODUCT’SVISUALFORMISCONSIDEREDPARTICULARLYIMPORTANTFORTHEFOLLOWINGREASONSAVISIONISTHEDOMINANTSENSEFORMAJORITYOFTHEPEOPLE9BVISIONISASENSETHATISEFFECTIVEOVERDISTANCEANDBECAUSEOFTHISPRODUCTSARETYPICALLYSEENBEFORETHEYARETOUCHED10CCONSUMERSAPPROACHAPRODUCTTOEXPLOREITSNONVISUALQUALITIESBECAUSEOFTENTHEPRODUCT’SVISUALFORMINITIALLYATTRACTEDTHEM11PERHAPSBECAUSEOFTHESEREASONS,THEMAJORITYOFTHELITERATUREFOCUSSESONVISUALASPECTSINCOMPARISONTOOTHERSENSESVISUALAESTHETICSANDVISUALPERCEPTIONSARECOMMONLYUSEDTERMSINTHELITERATUREFORTHEPURPOSEOFTHISPAPER,ASSUMPTIONSANDDEFINITIONSAREMADEBASEDONTHEDOMINANCEOFTHEVISUALSENSE31DEFINITIONOFADESIGNELEMENTANYDISCRETEVISUALAND/ORTACTILEENTITYISCONSIDEREDASADESIGNELEMENTADESIGNISCOMPOSEDOFSEVERALDESIGNELEMENTSPIXELS,POINTS,LINES,ANDSURFACESAREUSEDFORCONSTRUCTINGADESIGNINTHEVIRTUALMEDIATHEYAREBUILDINGBLOCKSANDNOTDESIGNELEMENTSATAMICROLEVEL,ATOMSAREBUILDINGBLOCKSTRADITIONALLYDESIGNELEMENTSARETHEONESUSEDFORCOMPOSINGTHEAPPEARANCEORSTYLINGOFANEWDESIGNDESIGNELEMENTSAREUNITLESSENTITIESSO,LENGTHANDWIDTHCANNOTBEDESIGNELEMENTSDESIGNELEMENTSAREPERCEIVEDTHROUGHVISUALOPTICALAND/ORTACTILESENSESDESIGNELEMENTSARETHEOPTIMALINDEPENDENTVISUALAND/ORTACTILEENTITIESFORAPARTICULARDOMAINOFDESIGNTHEYAREEITHERINDIVIDUALLYORCOLLECTIVELYACCOUNTFORALLTHATWESEEORFEELINAPRODUCTDESIGN32METHODSMAJORCONTRIBUTORSTOTHEKNOWLEDGEBASEOFDESIGNAESTHETICS,DESIGNEDUCATION,ANDDESIGNPHILOSOPHYOVERTHELASTABOUT100YEARSHAVEBEENCONSIDEREDALLTHEDESIGNELEMENTSASPROPOSEDBYTHESEAUTHORSHAVEBEENTABULATEDANDANALYZEDTHEYHAVEBEENSEQUENCEDTOONEORDER,CHECKEDAGAINSTTHEDEFINITIONOFDESIGNELEMENTS,ANDCATEGORIZEDACCORDINGTOTHEIRNATURE/CHARACTERISTICSTHERESULTSWEREOBSERVEDANDCHECKEDFORANYPATTERNSFORMANDCOLOURTWOBASICELEMENTSOFDESIGN895
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上傳時間:2024-03-13
頁數(shù): 10
大?。?0.99(MB)
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簡介:14800英文單詞,英文單詞,23萬英文字符,中文萬英文字符,中文8200字文獻出處文獻出處ALMUHAINIM,HEYDTGT,HUYNHATHERELIABILITYOFPOWERDISTRIBUTIONSYSTEMSASCALCULATEDUSINGSYSTEMTHEORETICCONCEPTSC//POWERANDENERGYSOCIETYGENERALMEETINGIEEE,201018附錄一英文原文THERELIABILITYOFPOWERDISTRIBUTIONSYSTEMSASCALCULATEDUSINGSYSTEMTHEORETICCONCEPTSMOHAMMADALMUHAINI,STUDENTMEMBER,IEEEGERALDTHEYDT,LIFEFELLOW,IEEEANTHONYHUYNH,STUDENTMEMBER,IEEEABSTRACTRELIABILITYOFDISTRIBUTIONSYSTEMSISANIMPORTANTISSUEINPOWERENGINEERINGFORBOTHUTILITIESANDCUSTOMERSPOWERDISTRIBUTIONRELIABILITYISCLOSELYRELATEDTOINDIVIDUALCOMPONENTRELIABILITYINTHISPAPER,THERELIABILITYASMEASUREDBYCERTAINCOUNTINDICES,MAINLYTHESYSTEMAVERAGEINTERRUPTIONDURATIONINDEXSAIDIANDTHESYSTEMAVERAGEINTERRUPTIONFREQUENCYINDEXSAIFI,ISQUANTIFIEDINTERMSOFINDIVIDUALDISTRIBUTIONCOMPONENTRELIABILITYTHISISANEXTENSIONOFPREVIOUSLYREPORTEDRESULTSTHEVALUEOFTHEAPPROACHLIESINDISTRIBUTIONEXPANSIONPLANNINGINWHICHARADIALSYSTEMMAYBENETWORKEDWITHAVIEWTOIMPROVERELIABILITYTHEEFFECTOFINSERTINGDISTRIBUTEDGENERATIONDGINTHEDISTRIBUTIONSYSTEMISSTUDIEDINTHISPAPERTHERESULTOFTHISINSERTIONMAYBETHATTHENUMBEROFOUTAGESINCREASESBECAUSEOFTHEPOSSIBLEFAILUREOFTHEDGHARDWARETWONEWINDICESFORTHISAPPLICATIONAREPROPOSEDTHERATIOOFDGENERGYTOINTERRUPTEDENERGYANDTHERATIOOFDGOPERATINGDURATIONTOOUTAGEDURATIONINDEXTERMSDISTRIBUTIONENGINEERING,RELIABILITY,SAIDI,SAIFI,REPAIRTIME,DISTRIBUTEDGENERATIONRESOURCESIELECTRICPOWERDISTRIBUTIONSYSTEMRELIABILITYRELIABILITYISAKEYISSUEINTHEDESIGNANDOPERATIONOFELECTRICPOWERDISTRIBUTIONSYSTEMS–ESPECIALLYINVIEWOFSENSITIVEDIGITALLYCONTROLLEDLOADSCONTEMPORARYLOADSAREOFTENDIGITALINNATURE,ANDTHESELOADSAREFREQUENTLYSENSITIVETOINTERRUPTIONSAND,INDEED,MANYOTHERPOWERQUALITYPROBLEMSTHECUSTOMERSTHEMSELVESAREPERHAPSBECOMINGMORESENSITIVETOINTERRUPTIONSDUETOTHEPOSSIBILITYOFINDUSTRIALMANUFACTURINGINTERRUPTION,COMMERCIALLOSSOFSALES,ANDRESIDENTIALNUISANCESOPHISTICATEDCONTROLSYSTEMSMAY3MINUTESORHOURSINONEYEARTHESAIFIGIVESINFORMATIONABOUTHOWOFTENTHESEINTERRUPTIONSOCCURONTHEAVERAGEFOREACHCUSTOMERBOTHINDICESHAVEBEENWIDELYUSEDINNORTHAMERICAASMEASURESOFTHEEFFECTIVENESSOFDISTRIBUTIONSYSTEMS2,16NOTETHATIN9,THECONNECTIONBETWEENTHECOUNTINDICESISADDRESSED–ANDTHISAREAISREVISITEDINTHISPAPERBOTHINDICESARECARRIEDOUTIE,AVERAGEDTYPICALLYOVERAONEYEARINTERVALSAIDIISUSUALLYEXPRESSEDINHOURSANDSAIFIISUNITLESSTHEREAREMANYRELATEDINDICESOFWHICHTHEFOLLOWINGAREASAMPLINGCAIDICUSTOMERAVERAGEINTERRUPTIONDURATIONINDEXTYPICALCENTRALRANGESOFTHESEINDICESINNORTHAMERICANDISTRIBUTIONSYSTEMSARESAIFI11TO19SAIDI15TO30HASAI09996TO09998IE,ROUGHLY35TO4‘NINES’CAIDI09TO26HNOTETHATTHE‘NUMBEROFNINES’,SOMETIMESDENOTEDASN9,ISRELATEDTOAPROBABILITYQAS,N9LOG1Q1THEREMAYBESOMECIRCUMSTANCESFORWHICHTHE8760HOURYEARMIGHTBEREPLACEDBYSOMEOTHERFIGURE,FOREXAMPLETHENUMBEROFHOURSINAFIVEDAY‘WORKWEEK’OVER52WEEKSNAMELY6240HINTHECASEOFTHEASAIINDEX,ITMAYBECONVENIENTTOEXPRESSTHEINDEXINTERMSOF‘THENUMBEROFNINES’,N9,THATIS0999ISN93AND09999ISN94FOREXAMPLE17ITSHOULDBEMENTIONEDTHATLIKEMANYSIMPLEENGINEERINGINDICES,SAIDIANDSAIFIATTEMPTTOCAPTUREMANYCOMPLEXPHENOMENARELATINGTOPOWERSYSTEMRELIABILITY,ANDINDISTILLINGTHESEPHENOMENAINTOASINGLECOMPREHENSIBLENUMBER,INFORMATIONMAYBELOSTADDITIONALLY,SOMEDISTRIBUTIONENGINEERSUTILIZEALTERNATIVEPHILOSOPHIESRELATINGTOTHETIMEINTERVALOVER
下載積分: 10 賞幣
上傳時間:2024-03-16
頁數(shù): 32
大?。?1.38(MB)
子文件數(shù):
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簡介:ELECTRONICCOPYAVAILABLEATHTTPS//SSRNCOM/ABSTRACT2886251WWWSCIEDUPRESSCOM/AFRACCOUNTINGANDFINANCERESEARCHVOL6,NO12017PUBLISHEDBYSCIEDUPRESS133ISSN19275986EISSN19275994CAPITALSTRUCTURETHEORYANOVERVIEWDKYABEYWARDHANA11DEPARTMENTOFACCOUNTANCY,UNIVERSITYOFKELANIYA,SRILANKACORRESPONDENCEDKYABEYWARDHANA,DEPARTMENTOFACCOUNTANCY,UNIVERSITYOFKELANIYA,SRILANKARECEIVEDDECEMBER14,2016ACCEPTEDJANUARY27,2017ONLINEPUBLISHEDJANUARY28,2017DOI105430/AFRV6N1P133URLHTTP//DXDOIORG/105430/AFRV6N1P133ABSTRACTCAPITALSTRUCTUREISSTILLAPUZZLEAMONGFINANCESCHOLARSPURPOSEOFTHISSTUDYISTOREVIEWVARIOUSCAPITALSTRUCTURETHEORIESTHATHAVEBEENPROPOSEDINTHEFINANCELITERATURETOPROVIDECLARIFICATIONFORTHEFIRMS’CAPITALSTRUCTUREDECISIONSTARTINGFROMTHECAPITALSTRUCTUREIRRELEVANCETHEORYOFMODIGLIANIANDMILLER1958THISREVIEWEXAMINETHESEVERALTHEORIESTHATHAVEBEENPUTFORWARDTOEXPLAINTHECAPITALSTRUCTURETHREEMAJORTHEORIESEMERGEDOVERTHEYEARSFOLLOWINGTHEASSUMPTIONOFTHEPERFECTCAPITALMARKETOFCAPITALSTRUCTUREIRRELEVANCEMODELTRADEOFFTHEORYASSUMESTHATFIRMSHAVEONEOPTIMALDEBTRATIOANDFIRMTRADEOFFTHEBENEFITANDCOSTOFDEBTANDEQUITYFINANCINGPECKINGORDERTHEORYMYERS,1984,MYERSANDMAJLUF,1984ASSUMESTHATFIRMSFOLLOWAFINANCINGHIERARCHYWHEREBYMINIMIZETHEPROBLEMOFINFORMATIONASYMMETRYBUTNEITHEROFTHESETWOTHEORIESPROVIDEACOMPLETEDESCRIPTIONWHYSOMEFIRMSPREFERDEBTANDOTHERSPREFEREQUITYFINANCEUNDERDIFFERENTCIRCUMSTANCESANOTHERTHEORYOFCAPITALSTRUCTUREHASINTRODUCEDRECENTLYBY,BAKERANDWURGLER2002,MARKETTIMINGTHEORY,WHICHEXPLAINSTHECURRENTCAPITALSTRUCTUREASTHECUMULATIVEOUTCOMEOFPASTATTEMPTSTOTIMETHEEQUITYMARKETMARKETTIMINGISSUINGBEHAVIOURHASBEENWELLESTABLISHEDEMPIRICALLYBYOTHERSALREADY,BUTBAKERANDWURGLER2002SHOWTHATTHEINFLUENCEOFMARKETTIMINGONCAPITALSTRUCTUREISREGULARANDCONTINUOUSSOTHEPREDICTIONSOFTHESETHEORIESSOMETIMESACTEDINACONTRADICTORYMANNERANDMYERS198432YEARSOLDQUESTION“HOWDOFIRMSCHOOSETHEIRCAPITALSTRUCTURE”STILLREMAINSKEYWORDSCAPITALSTRUCTURE,PECKINGORDERTHEORY,TRADEOFFTHEORY,MARKETTIMINGTHEORY1INTRODUCTIONTHESECONDFINANCINGCHOICEFACEDBYTHEFIRM,CAPITALSTRUCTUREISSTILLAPUZZLEINFINANCECAPITALSTRUCTUREORFINANCIALLEVERAGEDECISIONSHOULDBEEXAMINEDCONCERNINGHOWDEBTANDEQUITYMIXINTHEFIRM’SCAPITALSTRUCTUREINFLUENCEITSMARKETVALUEDEBTTOEQUITYMIXOFTHEFIRMCANHAVEIMPORTANTIMPLICATIONSFORTHEVALUEOFTHEFIRMANDCOSTOFCAPITALINMAXIMIZINGSHAREHOLDERSWEALTHFIRMUSEMOREDEBTCAPITALINTHECAPITALSTRUCTUREASTHEINTERESTPAIDISATAXDEDUCTIBLEANDLOWERSTHEDEBT’SEFFECTIVECOSTFURTHEREQUITYHOLDERSDONOTHAVETOSHARETHEIRPROFITWITHDEBTHOLDERSASTHEDEBTHOLDERSGETAFIXEDRETURNHOWEVER,THEHIGHERTHEDEBTCAPITAL,RISKIERTHEFIRM,HENCETHEHIGHERITSCOSTOFCAPITALTHEREFOREITISIMPORTANTTOIDENTIFYTHEIMPORTANTELEMENTSOFCAPITALSTRUCTURE,PRECISEMEASUREOFTHESEELEMENTSANDTHEBESTCAPITALSTRUCTUREFORAPARTICULARFIRMATAPARTICULARTIMERESEARCHERSANDPRACTITIONERSEXPLAINCONFLICTINGTHEORIESONCAPITALSTRUCTUREDURAND1952STATESUSINGTHENETINCOMENIAPPROACHTHATFIRMCANDECREASEITSCOSTCAPITALANDCONSEQUENTLYINCREASETHEVALUEOFTHEFIRMTHROUGHDEBTFINANCINGINCONTRAST,MODIGLIANIANDMILLER1958CLAIMSINTHEIRSEMINALPAPERCAPITALSTRUCTUREIRRELEVANCETHATFIRM’SVALUEISINDEPENDENTOFITSDEBTTOEQUITYRATIOWHICHISKNOWNASNETOPERATINGINCOMENOIAPPROACHTHEYARGUETHATPERFECTCAPITALMARKETWITHOUTTAXESANDTRANSACTIONCOSTTHEFIRMVALUEREMAINCONSTANTTOTHECHANGESINTHECAPITALSTRUCTUREACCORDINGTOPANDEY2007THETRADITIONALAPPROACHOFSOLAMAN,1963HASEMERGEDACOMPROMISETOTHEEXTREMEPOSITIONTAKENBYTHENIAPPROACHTRADITIONALAPPROACHDOESNOTASSUMECONSTANTCOSTOFEQUITYCHANGEINDEBTTOEQUITYRATIOANDCONTINUOUSLYDECLININGWEIGHTEDAVERAGECOSTOFCAPITALWACCFURTHERTHISAPPROACHASSUMETHECONCEPTOFOPTIMALCAPITALSTRUCTUREANDTHEREBYVERYCLEARLYIMPLIESTHATWACCDECREASESONLYFORACERTAINLEVELOFFINANCIALLEVERAGEANDREACHINGTHEMINIMUMLEVELFURTHERINCREASEINFINANCIALLEVERAGEWOULDINCREASETHEWACCWWWSCIEDUPRESSCOM/AFRACCOUNTINGANDFINANCERESEARCHVOL6,NO12017PUBLISHEDBYSCIEDUPRESS135ISSN19275986EISSN19275994FIGURE1SOURCEARNOLD2008ARNOLD2008EXPLAINSHOWISTHEINCREASEINDEBTCAPITALINTHECAPITALSTRUCTUREEFFECTTHEVALUEOFTHEFIRMINTHEFIGURE1ASDEBTCAPITALINCREASEWACCOFTHEFIRMDECLINESUNTILTHEFIRMREACHESTHEOPTIMALGEARINGLEVELANDCOSTOFFINANCIALDISTRESSINCREASESALONGWITHTHEDEBTLEVELTHISISCONFIRMEDBYMILLER1988THATTHEOPTIMALDEBTTOEQUITYRATIOSHOWSTHEHIGHESTPOSSIBLETAXSHIELDTHATTHECOMPANYCANENJOYFURTHERCONSISTENTWITHMODIGLIANIANDMILLER1963,MILLER1988CONFIRMEDTHEFACTTHATFIRMSINCREASETHERISKOFBANKRUPTCYDUETOTHEDEBTCAPITALINTHEIRCAPITALSTRUCTUREINTHETRADEOFFTHEORYCOSTOFDEBTARELINKEDWITHDIRECTASWELLASINDIRECTCOSTOFBANKRUPTCYBRADLEYETAL,1984EXPLAINEDTHATCOSTOFBANKRUPTCYINCLUDELEGALANDADMINISTRATIVECOST,OTHERINDIRECTCOSTRESULTINGFROMLOOSINGOFCUSTOMERSANDTRUSTBETWEENSTAFFANDSUPPLIERSDUETOTHEUNCERTAINTIESAPARTFROMTHEBANKRUPTCYCOST,AGENCYCOSTOFJENSONANDMECKLING1976ISALSOCONSIDEREDINTHETRADEOFFMODELJENSONANDMECKLING1976EXPLAINSTHATSEPARATIONOFOWNERSHIPANDCONTROLISTHEREASONTORISETHEAGENCYCOSTACCORDINGTOARNOLD2008AGENCYCOSTSAREDIRECTANDINDIRECTCOSTSRESULTFROMPRINCIPLESANDAGENTSACTINTHEIRBESTINTERESTAND,FAILURETOMAKEAGENTSTOACTTHISWAYJENSON1986STATESTHATDEBTCANREDUCETHEAGENCYCOSTANDARGUETHATHIG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下載積分: 10 賞幣
上傳時間:2024-03-13
頁數(shù): 6
大?。?0.25(MB)
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