Australian retailers need to evolve their business models – otherwise we’ll continue to see more retail insolvencies in 2020. That’s the message from Andrew Spring, a retail insolvency specialist. “Retail failures aren’t new and it’s […] More retail failures on the cards for 2020 […]
By Duygu Yengin, University of Adelaide and Tracey Dodd, University of Adelaide “Fake news”, the chief executive of Lufthansa has called it. But his counterpart at Air France calls it the airline industry’s “biggest challenge”. Flight shame won’t fix airline emissions. We need a smarter solution […]
Is a new job on your radar for 2020? If so, you might think you’ve mastered the art of the job search – but think again. In 2020, it’ll take more than tailoring your CV ‘Self-disrupt’ your career to land your dream job in 2020 […]
by Salvatore Ferraro, RMIT University The board of Australia’s second-biggest bank is in for some stick at its annual general meeting today, as Westpac shareholders vent their displeasure at the scandal involving breaches of anti-money-laundering What limits shareholder activism as a force for good: the free-rider problem […]
Rev Dr. Felix Raj, S.J. is the Vice Chancellor and a Professor of Economics at St. Xavier’s University, Kolkata. He is currently the vice-president of Bengal Economic Association. His specialisations include development economics, liberalisation, privatisation, globalisation, public Rev Dr. Felix Raj inducted to the Global Management Accounting Hall of Fame […]
This editorial revisit the concept of alignment within the agency theoretic view of organisational performance management. Based on an analysis of a real-life case, we examine how far the theoretical reasoning based on the concept of ‘three-legged stool’ is practically relevant. Findings of our case suggests that while there is seemingly misalignment among the three established structures of performance evaluation, decision right allocation and incentive compensation, the ‘misalignment’ is ‘repaired’ with the support of two other governance structures namely, HR and CRM policies. We believe that the design of performance management is not to be confined to the ‘three-legged stool’ but practically extended to other forms of governance structures. Editorial: Only a Three-Legged Stool? A Review of the Concept of Alignment in the Economics of Performance Management […]
As a response to the financial crisis of 2007-2008, financial service industry regulators have commonly requested financial service industry to implement fund transfer pricing (FTP) mechanisms. Despite the importance of the topic as highlighted in the practitioners’ literature since the 2000s, the use of FTP as a performance measurement system has been understudied. To add to our understanding of such mechanisms in the financial service industry, this paper demonstrates, through an analytical model, how FTP can be used as a performance measurement system in financial institutions. More importantly, this paper illustrates how FTP can be used for overcoming the distortions caused due to the transfer of funds between the business units. Using Fund Transfer Pricing as a Performance Measurement System in the Financial Service Industry […]