HEC Montréal

About: HEC Montréal is a education organization based out in Montreal, Quebec, Canada. It is known for research contribution in the topics: Context (language use) & Vehicle routing problem. The organization has 1221 authors who have published 5708 publications receiving 196862 citations. The organization is also known as: Ecole des Hautes Etudes Commerciales de Montreal & HEC Montreal.

The reciprocal dynamics of organizing and sense-making in the implementation of major public-sector reforms

Abstract: Drawing on a longitudinal study from the early years of implementation of health-care networks in Quebec, this article describes how public-sector managers deal with complex challenges when both organizational structures and organizational strategies are radically transformed simultaneously. The new organizations studied had to completely re-shuffle roles and responsibilities of their management teams while making sense of their new mandate of developing a population-focused approach to health problems – all the time maintaining day-to-day operations. The four health-care networks studied proceeded somewhat differently to meet these reciprocal challenges. The study reveals the importance of balancing organizing initiatives (focused on structures) with “sense-making” initiatives (focused on strategies), of developing capacities for sense-making through the creation of key “sense-maker/sense-giver” positions whose occupants are able to ensure that conceptual activities engage people working at different levels, even as organizational structures are in flux, and of mobilizing external constraints and influences as opportunities and resources in sense-making and organizing. Sommaire Se fondant sur une etude longitudinale des premieres annees de la mise en œuvre des reseaux de soins de sante au Quebec, cet article decrit la maniere dont les gestionnaires du secteur public font face a des defis complexes, alors que les structures et les strategies organisationnelles sont radicalement transformees simultanement. Les nouveaux organismes etudies ont du completement remanier les roles et les responsabilites de leurs equipes de gestion et comprendre leur nouveau mandat d'elaborer une approche axee sur la population pour ce qui est des problemes de sante, tout en maintenant leurs activites au jour le jour. Les quatre reseaux de soins de santeetudies ont travaillea relever ces defis reciproques d'une maniere assez differente. L'etude revele l'importance de trouver un equilibre entre les initiatives consistant a organiser (axees sur les structures) et les initiatives consistant a interpreter les faits (axees sur les strategies) ; de perfectionner les capacites a interpreter les faits grâce a la creation de postes cles d'«interpreteurs de faits», dont les titulaires veilleraient a ce que des activites conceptuelles fassent intervenir les gens travaillant a differents niveaux meme lorsque les structures organisationnelles fluctuent continuellement; et enfin de tirer parti des contraintes et influences externes comme autant d'occasions et de ressources pour interpreter et organiser les faits.

The Market Value of Government Ownership

Abstract: Motivated by the recent rise of state capitalism, this paper investigates the effects of government ownership on market valuations across a sample of publicly listed corporations from East Asia. We find strong, robust evidence that government-owned firms exhibit higher market valuation than non-government-owned firms, but the relation is not linear. The benefits of government ownership in terms of value premium extend to closely held firms where the government is a second blockholder. These effects stem from the financing decisions of government-owned firms and from the discount rate of cash flows, and hold prior to and during the recent global financial crisis. Additional analyses suggest that the effect of government ownership on valuation is influenced by financial market development and the quality of government and institutions in place. Collectively, our results imply that government involvement in private firms can be valuable.