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Corporate group
About: Corporate group is a research topic. Over the lifetime, 1747 publications have been published within this topic receiving 46868 citations.
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TL;DR: According to as discussed by the authors, corporate identity is the collective public perception of a company by many people, both externally and internally, both from the perspective of management and marketing, and it is defined as a system of images and evaluations.
Abstract: Regarding the totality of different systems constituting corporate governance, it is recognized that corporate identity is one of the essential attributes that is being given increasing attention by a vast number of entities not only due to their own drive for enhancing of corporate image and improving of corporate governance, but also due to external economic reasons. It has been found that these attributes of companies' development can be assessed and can have value parameters. For example, "having conducted the related survey in 2000, McKinsey & Company estimated shareholder value at a 50% discount for Russian companies only due to lack of corporate governance" (The corporate code..., 2002).Undoubtedly, the above stated reasons impel companies to give serious consideration to forming-up and development of corporate governance and corporate identity. However, companies tend to rely on the strategies, approaches and models offered by foreign authors. Here, "domestic corporations will miss the main point, ignoring the fact that these models were created in communities with more stable political, social and communication environment; in communities that were rigidly structured by professional and local interests; finally, in communities featuring much more monotone and generally valid information...By contrast, Russian reality is more volatile, diversified, susceptible to random influences, incorporating longstanding traditions of distrust to straightforward publicity" (Kissinger, 2002).All the aforesaid factors place an emphasis on the importance of fundamental studies of corporate identity in the context of specifically Russian academic knowledge. Different aspects of corporate identity are analyzed in marketing, PR, etc. However, it does not recall the significance of a corporate identity analysis from the perspective of academic social psychology.Accordingly, when studying corporate identity, the efforts should be focused on an attempt to "cue" this concept in the context of the present-day social psychology and to develop fundamental hypotheses that explain the nature and functions of corporate identity, providing for empirical verification through an experimental approach.Many crucial features of corporate identity, which should be addressed individually, are attributed to the diversity of its audience. In imagological literature as well as in management and marketing studies, corporate identity is generally defined as the collective public perception of a company by many people, both externally and internally.One of the definitions within the described approach states: "The corporate identity is the integrated perception (awareness and evaluation) of a company by different community groups; the perception, which is formed through the information that is kept in their memory and is related to various aspects of the company's activities" (Tomilova, 2002). The definition given by M.V. Tomilova comes to distinguish the descriptive (informative) and evaluative components in corporate identity. It is remarkable that corporate identity, seen as a system of images and evaluations, should appear mostly in management and marketing literature. Indeed, one of the primary management tasks is to fill the description component of corporate identity with information content to establish its positive image in public conscience through positive evaluation of this information. Otherwise, due to certain stereotypes, the information component of corporate identity may turn out to be inconsistent with the company's management objectives. It should be noted that an important role is assigned to interpretation of the corporate identity information component in reliance on relevant attitudes and social expectations (Dontsov & Yemelianova, 1987). As establishment of positive corporate identity is a concern of any company, it is important to know what characteristics it is correlated with. First of all, it is the intensity of emotional response provoked by the image. …
4 citations
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TL;DR: The regulation of corporations and their insolvency is in most jurisdictions based upon the separate entity principle as mentioned in this paper.There has been increasing concern though with how this fundamental principle of corporate law should apply in insolvencies where separate entities operate as a corporate group.
Abstract: The regulation of corporations and their insolvency is in most jurisdictions based upon the separate entity principleThere has been increasing concern though with how this fundamental principle of corporate law should apply in insolvency where separate entities operate as a corporate group The primary regulation of corporations in Australia is governed by the Corporations Act 2001(Cth) This single enactment provides for the regulation of corporate insolvency within Chapter 5 - External Administration In relation to corporate groups, the Corporations Act generally applies an entity approach that results in each company being treated as a distinct legal entity, consistent with the separate legal entity principle (common shareholders notwithstanding) However, recent proposed amendments to Chapter 5 recognize, albeit to a limited extent, an enterprise approach when dealing with the insolvency of a company/companies in a corporate group
4 citations
TL;DR: In this paper, evidence on business group productivity performance in China was considered and the authors carried out a detailed investigation into China's 50 largest groups to see if pyramidal groups are forming.
Abstract: This paper considers evidence on business group productivity performance in China. It also carries out a detailed investigation into China's 50 largest groups to see if pyramidal groups are forming. As such, we further explore what can be considered as some of the positive and negative attributes of Chinese groups. We show that although improvements in productivity have taken place, some Chinese business groups are also taking the first steps towards developing pyramidal structures. This could have important implications for longer-term productivity growth in China's business groups.
4 citations
01 Jan 2017
TL;DR: In this article, the authors present a case study of the implementation of an Employer Branding strategy in the Portuguese Business Group. But their approach adopted was rigorous, following the stages of diagnosis (1st phase) and implementation (2nd phase) of an employer branding strategy.
Abstract: Employer branding has gained considerable attention from practitioners and academics on recent years. It is believed that corporate brand can only be fully implemented if it reaches all the stakeholders, not only consumers. Although there is substantial literature about how companies should build their brand as employers, little attention has been given to the concrete answers companies come up with when facing the challenge of building an employer brand. In this sense, this paper aims to reflect the role of Employer Branding to attract, develop and retain talent and aims to analyse the steps and answers that a leading Portuguese Business Group used to create their employer brand strategy. For reaching this goals, our reflection and analysis is essentially supported by the concepts of Internal Marketing, Corporate Branding, Employer Branding and Internal Branding. This research is a case study and has a qualitative and explorative nature, assuming particularly an action research methodology. The approach adopted was rigorous, following the stages of diagnosis (1st phase) and implementation (2nd phase) of an Employer Branding strategy in the Portuguese Business Group. As a result of this experience, the conclusions summarize a series of reflections necessary to implement an Employer Branding strategy in a real business scenario.
4 citations
TL;DR: In this article, the authors investigate and quantify the effects of several controlenhancing mechanisms (CEMs) on dividend payouts of family controlled Borsa Istanbul companies, which are affiliated to holding and non-holding business groups.
Abstract: In Eurasia, Turkey has a “crony” capitalist system with majority control and business groups (BGs) in the hands of a few families. These business groups are often organised around a holding company. We analyse the dividend payouts of family controlled Borsa Istanbul companies, which are affiliated to holding and non-holding BGs. We investigate and quantify the effects of several control-enhancing mechanisms (CEMs) on dividend payouts. We use precise quantitative proxies for CEMs to measure the divergence between control and ownership rights. Supporting the rent extraction hypothesis, holding business group companies have lower dividend payouts as the divergence between control and ownership rights widens and the pyramid wedge increases. However, controlling foreign-family coalitions in holding business group companies curb the rent extraction problem by having a positive effect on the dividend payouts. Overall, for family controlled holding BG companies, the effects of company-specific financial control variables on dividend payouts are stronger than the effects of CEMs. For family controlled non-holding BG companies, there is no empirical support for either the rent extraction or the reputation building hypotheses. The company-specific financial control variables are the main determinants of dividend payouts for family controlled non-holding BG companies.
4 citations