These seminars will be held from 1pm - 2pm in room L1.38 in Trinity Business School, 152-160, Pearse Street. All are welcome.
7th September, 2017
Amanda Shantz, Trinity Business School
Job performance as a manifestation of meaningfulness; The if, when and why
Although work meaningfulness is touted to have myriad positive benefits, the extent to which meaningfulness becomes manifest in the workplace and contributes to positive job performance is less understood. In this paper,the authors are building theory to suggest that employees who find their work meaningful contribute to the organization by exhibiting voice behaviors, and this is formally recognized by their leaders as indicated by higher job performance ratings. In doing so, they draw from broaden-and-build and cognitive process theories to hypothesize that employee voice behaviors mediate the relationship between perceived meaningfulness of work and employees’ job performance ratings and that positive leader-member relations strengthen this mediating effect. Analysis of survey data of 245 employees with matched lagged performance appraisal data confirmed our hypotheses. This study is important because it demonstrates that meaningfulness is not solely in the minds of employees, but it is also visible to supervisors who formally reward it.
Amanda is Associate Professor in Human Resource Management in Trinity Business School. She holds a Phd from Toronto, and has extensive academic and managerial experience in the HR and personel areas.
21st September, 2017
Martha O'Hagan-Luff, Trinity Business School
Does Firm Internationalisation Matter to Investors When Markets are Declining?
Contrary to what might be predicted by international diversification theory, we find that US investors prefer domestic firms to internationalized firms in declining markets, whether before or after the 2008 credit crisis, even after accounting for size, risk and growth effects. In declining markets, domestic firms outperform internationalized firms by more than any underperformance in advancing markets. The findings demonstrate the relative outperformance of domestic firms in declining markets, both prior to and after the 2008 sub-prime crisis, using measures of both the extent and scope of firm-level internationalisation. In summary, the authors found that firm internationalization does matter to investors in advancing markets but not in declining markets.
Martha O'Hagan-Luff is an Assistant Professor of Finance in Trinity College. She holds a BA in Economics and an MSc in Finance from Trinity College and a PhD in International Finance. Her PhD research is in the area of International Diversification and Home Bias in Equity Investments. Prior to completing her PhD she worked in Investment Banking in London and Dublin.
5th October, 2017
Robert Faff, University of Queensland
Pitching Research - a practical guide
In this paper the author builds on Faff’s (2015) pitching template framework that provides a succinct and methodical approach to pitching a new research proposal to an academic expert. Notably, he argues that the pitching tool can be used as (a) a research planning tool (e.g. Chang and Wee, 2016; Menzies, Dixon and Rimmer, 2016); (b) a research skills development tool (Faff, 2016b); (c) a research learning tool (Faff, Ali, et al., 2016; Faff, Wallin, et al., 2016 and Ratiu, 2016); (d) a research agenda setting tool (Maxwell, 2017; Nguyen, 2017); (e) a research mentoring tool (Faff, Godfrey and Teng, 2016; Ratiu, Faff and Ratiu, 2016); (f) a research collaboration tool (Wallin and Spry, 2016); (g) research engagement & impact tool (Faff & Kastelle, 2016); and (h) research led teaching tool (Faff, Li, Nguyen & Ye, 2016). Moreover, the current paper provides an update on an extensive array of supplementary online resources. Most notably, to demonstrate that the pitch template is readily adaptable to many fields, a library of completed examples currently spans ONE HUNDRED and FIFTY alternative research areas. Other online materials and support include: web portal (PitchMyResearch.com); YouTube videos; themed pitch days; pitching competitions. The current paper is also a companion to: Faff (2016a) “a year in review” of pitching; Faff (2016c); Faff, Lay and Smith (2017) and Faff, Carrick et al. (2017). Also, this project has been identified as one of 30 Innovations that Inspire across the AACSB network worldwide Business Schools.
Robert Faff is Professor of Finance and Director of Research at the UQ Business School. He has an international reputation in empirical finance research: securing 13 ARC grants (funding exceeding $4 million); more than 300 refereed journal publications; career citations exceeding 9,300; and a h-index of 50 (Google Scholar). His particular passion is nurturing and developing the career trajectories of early career researchers. Robert has supervised more than 30 PhD students to successful completion and examined 50 PhD dissertations. Robert's research interests include asset pricing, risk modelling, managed fund performance, behavioural finance, corporate governance and market efficiency.
19th October, 2017
Juha Junttila, University of Jyvaskyla at 12noon
Abstract: Based on daily data from 1989 - 2016 we find that the correlations between gold and oil makert futures and equity returns in the aggregate US market, and specifically in the energy sector stocks have changed strongly during the stock market crisis periods. The correlation between crude oil futures and aggregate US equitites increases in crisis periods, whereas in case of gold futures the correlation becomes negative, which supports the safe haven hypothesis of gold. Also for the US energy sector equities our results support using gold futures for cross-hedging especially during the stock market crises.
Juha Junttila, DSc in Economics and Business Administration is a Professor of Economics at the University of Jyväskylä School of Business and Economics (JSBE), and an Adjunct Professor of Economics at the Oulu Business School, Finland. He obtained his MSc in Economics from the University of Tampere, and the doctoral degree from the University of Oulu. Junttila is a cofounder and supervisor of the Jyväskylä International Macro & Finance Research Group (JyIMaF, https://www.jyu.fi/jsbe/en/research/groups/jyimaf), established in 2012. His special area of research is empirical analysis of financial markets and macro economy, focusing especially on forecasting power of financial markets for the future development of real economy. His current research themes are connected to the role of macroeconomic and various kinds of uncertainty information in pricing behavior and hedging possibilities in the stock and commodity markets; to the effects of Euro on effective trade balances in the euro area; and to the sustainability of fiscal policies in euro area and other OECD countries.
19th October, 2017
Chia-Jung Tsay, UCL at 1pm
The Visual Judgement of Achievement and Performance
No matter what domain, the judgment of performance occupies a key area of investment. Experts are trained and societal institutions are constructed to identify, develop, and reward the highest levels of achievement. We trust that professionals can judge performance through their specialized knowledge. Yet, experts are just as vulnerable as novices to the dominance of visual information (vision heuristic) and the influence of beliefs about the source of achievement on the perception and judgment of talent (naturalness bias). Given their effect on professional evaluation and decision-making, such biases can affect how organizations select and recruit top talent.
Chia-Jung Tsay is an Assistant Professor in the UCL School of Management. Her research examines the psychological processes that influence decision making and interpersonal perception in performance contexts. She investigates the role of expertise and nonconscious biases in professional selection and advancement. Tsay graduated Phi Beta Kappa with an A.B. in Psychology and an A.M. in History of Science from Harvard University. In other professional experience, as a classical pianist, Tsay has performed at venues including Carnegie Hall, Lincoln Center, and the U.S. Embassy. She holds degrees from the Juilliard School and the Peabody Conservatory of the Johns Hopkins University, where she later served as faculty. Tsay received a Ph.D. in Organizational Behavior and Psychology with a secondary Ph.D. field in Music from Harvard University, and previously taught at the Wharton School of the University of Pennsylvania.
2nd November, 2017 at 1pm
Pia Helbing and Brian Lucey, Trinity Business School
Why do firms withdraw IPOs? Evidence from Europe.
Why do companies, having filed for an IPO and incurred the costs thereof, not follow through? The authoirs investigate this by examining all common stock IPO's for Germany and the UK over the 2001-2015 period. This sample covers about 60 percent of the IPO market by number and by value. They identify a number of key characteristics that influence the probability of withdrawal, including the presence of negative news prior to the IPO, venture capital and private equity involvement or the intent to retire debt with the IPO proceeds which are increasing the probability of withdrawal. Whereas the disclosure of intellectual capital, the firm size, a longer lock-up period as well as a higher board independence have a negative effect on the probability to withdraw an IPO. A number of these are in contrast to previous, US based, research, which highlights the importance of institutional and legal characteristics in research replication.
Brian Lucey is Professor of International Finance and Commodities in Trinity Business School, where Pia Helbing is a doctoral candidate.
16th November, 2017
Orla Lenihan and Niamh Brennan, Smurfit Business School, Dublin
Performance Measures in CEO Annual Incentive Plans: New Evidence from the Compensation Discussion and Analysis
This study utilizes firms’ Compensation Discussion and Analysis disclosures to provide new evidence on firms’ choice of performance measures in CEO annual incentive plans (bonus plans). Using cross-sectional regression analyses, they authors find that performance-measure choice is influenced by strategic factors such as firm growth opportunities, firm capital investment and borrowing decisions, and firm dividend policy. Specifically, firms facing higher growth opportunities place more emphasis on sales and growth measures in bonus plans. By contrast, capital-intensive firms rely more on accounting returns and cost control measures. Cash-based measures play a greater role for both highly leveraged firms and firms with higher dividend yields. Finally, the extent to which firms include social and environmental measures of performance in bonus plans is influenced by firm regulatory environment. Collectively, our findings are consistent with predictions from optimal contracting theory: firms incentivize value-enhancing CEO actions by including performance measures that are informative of such actions.
Orla Lenihan obtained a Bachelor of Commerce and Master of Accounting (both first class honours) from National University of Ireland, Galway. Orla qualified as a chartered accountant with PricewaterhouseCoopers, following which she worked in a number of organisations before joining the University of Limerick. She is completing her doctorate at UCD. Orla represented the Irish Accounting & Finance Association (IAFA) at the 2014 American Accounting Association Doctoral Consortium. She was awarded the 2013 IAFA Doctoral Research Funding Competition and the 2016 IAFA Scholar Award. Her research interests include executive compensation; performance criteria in incentive plans; corporate governance; impression management; and empirical archival accounting research.
A first class honours Science (Microbiology and Biochemistry) graduate of University College Dublin, Prof Niamh Brennan qualified as a chartered accountant with KPMG, holds a PhD from the University of Warwick and is a Chartered Director with the Institute of Directors (London). Prof Brennan is Michael MacCormac Professor of Management at University College Dublin and Academic Director of the UCD Centre for Corporate Governance. Niamh has published on Financial Reporting, Corporate Governance, Forensic Accounting and Clinical Governance. With 100+ publications, she has a h-index of 23 reflecting 3,000+ Google Scholar citations.
23rd November, 2017 at 1pm
Stephen Cummings, Victoria University of Wellington
Existing narratives about how we should organize are built upon, and reinforce, a concept of 'good management' derived from what is assumed to be a fundamental need to increase efficiency. But this assumption is based on a presentist, monocultural, and generally limited view of management's past. This presentation, based on the new book A New History of Management, disputes these ‘fundamental’ foundations. In so doing, it highlights alternative conceptions of good management focused on management studies often-overlooked foundations of ethical aims, conservation and sustainability, and other alternative views of good practice.
Stephen Cummings is Professor of Strategy and Innovation at Victoria University of Wellington. He is also Chair of the CMS division of The Academy of Management, an Academic Fellow-at-Large of the Strategic Management Society, and an Academic Fellow of the International Council of Management Consulting Institutes.
30th November, 2017
Qing Shan Ding, University of Huddersfield
This seminar provides an overview of the emerging field of consumer ethnocentrisim, its origins, and its impact on management and marketing. It traces the evolution of the concept, differing strands in the research, and outlines where the field is moving, as well as implications for marketing practice.
Qing joined Huddersfield Business School as a lecturer in marketing at the end of September 2013. He examines the effects of country of origin, consumer ethnocentrism and consumer animosity on urban adult Chinese consumers' product preference and willingness to buy. Qing’s other research interests are market entry strategies, consumer perceptions and brands in emerging economies.
14th December, 2017
Jongwook Pak, Trinity Business School