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on Project, Program and Portfolio Management |
| By: | Gemmel, P.; Vandaele, D.; Tambeur, W. (Vlerick Leuven Gent Management School) |
| Abstract: | This paper looks at how process orientation can be measured using data from one large European University hospital. After a restructuring in divisions and the implementation of the care programs and clinical pathways, hospital management came to the conclusion that they had no tools to evaluate if these changes were resulting in a process orientation on the work-floor. In agreement with hospital management, an existing tool of business process orientation measurement was adopted and adapted to the specific context of healthcare. This paper reports on how the measurement tool was changed and validated in order to come up with a useful instrument to measure the process orientation of the employees in the hospital. The Hospital Process Orientation (HPO) tool can be useful to measure the effects of changes which are assumed to lead to more process-orientation or even patient focus. In this way the pay-off of these investments can be made more tangible. The HPO tool offers hospitals a way to evaluate how they are evolving towards more process orientation. |
| Keywords: | business process orientation, healthcare management, measurement tool |
| Date: | 2007–11–26 |
| URL: | http://d.repec.org/n?u=RePEc:vlg:vlgwps:2007-30&r=ppm |
| By: | John Bennett; Elisabetta Iossa |
| Abstract: | In an incomplete contract setting, we analyze the contracting out of public service provision, comparing the performance of for-profit and notfor-profit firms (NPs). Two institutional arrangements are considered, with control rights lying either with the firm (’PPP’) or the government (’traditional procurement’). The use of an NP with traditional procurement is found never to be the preferred option in terms of social welfare. But for a range of parameter values an NP in a PPP is the preferred option. The development of PPP provision has thus created opportunities for the advantageous use of NPs in public services. |
| Date: | 2007–04 |
| URL: | http://d.repec.org/n?u=RePEc:edb:cedidp:07-08&r=ppm |
| By: | Schulz, Norbert |
| Abstract: | Both M&A and innovation are instruments for growth and competitive advantage. Therefore they are fundamental to each firm’s competitive strategy. Usually, both instruments have been studied separately, but much less in conjunction. This is unfortunate as both processes - the process of innovation and the process of mergers and acquisitions - are intimately connected. The impact of mergers on innovation can only be rigorously assessed, if the converse direction of influence - mergers caused by innovation - is accounted for. Therefore this review tries to take a balanced view on both processes and to point out links between them. Nevertheless, the focus is on the impact of mergers on innovation. This discussion paper is identical with an older version with the title ‘Review on the Literature of Mergers on Innovation’. |
| Keywords: | innovation incentives, market structure, merger incentives |
| JEL: | L10 L25 O31 |
| Date: | 2007 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:zewdip:6661&r=ppm |
| By: | Cécile Carpentier; Jean-François L'Her; Stephan Smith; Jean-Marc Suret |
| Abstract: | We examine whether risk, timing or mispricing hypotheses can explain the underperformance of private and public equity issuers, in Canada, where both categories share several common characteristics. Adding an investment risk factor to the TFPM reduces, but does not eliminate, the underperformance. Four arguments, including financial constraints and poor operating performance, do not support the timing hypothesis. Our results for their part support the mispricing hypothesis. The market correctly assesses the investment projects of value firms, but tends to overestimate those of glamour firms. For both types of issues, the underperformance is explained by investors’ overoptimism relative to glamour/high-investment firms. <P>Nous tentons de vérifier laquelle des hypothèses de risque, de timing ou d’irrationalité peut expliquer la sous performance à long terme des émetteurs de placement privés et public au Canada, où ces deux types de financement ont en commun plusieurs caractéristiques. L’ajout d’un facteur d’investissement au modèle à trois facteurs réduit, mais n’élimine pas, cette sous performance. Quatre arguments, incluant ceux des contraintes financières et de la faible performance opérationnelle contredisent l’hypothèse du timing. Nos résultats tendent à confirmer l’hypothèse de l’irrationalité. Le marché évalue correctement les projets d’investissement des sociétés de valeur, mais sur estime ceux des titres de croissance. Pour les deux types de financement, la sous performance est expliquée par le sur optimisme des investisseurs au sujet des entreprises de croissance à fort niveau d’investissement. |
| Keywords: | Private placements, seasoned equity offerings, long-run performance, timing, overoptimism, risk, Placements privés, placements publics subséquents, performance à long terme, fenêtre d’opportunité, sur optimisme, risque |
| JEL: | G12 G14 G34 |
| Date: | 2007–11–01 |
| URL: | http://d.repec.org/n?u=RePEc:cir:cirwor:2007s-27&r=ppm |
| By: | Poti' Bianca (Ceris - Institute for Economic Research on Firms and Growth, Rome, Italy); Reale Emanuela (Ceris - Institute for Economic Research on Firms and Growth, Rome, Italy); Di Fiore Monica (Ceris - Institute for Economic Research on Firms and Growth, Rome, Italy) |
| Abstract: | The paper explores the relation between two data sources (R&D and CIS surveys) in the aim of better representing the roles of R/D activity in relation with innovation processes. This paper starts with controlling the relation between the R/D expenditure in the two surveys (R&D and CIS) for a same group of firms and for the same year (2000) and deals with the question of how much we know at present of the different components of the industrial R/D activity and how we can use the frame of the two surveys for arriving to gain this knowledge. The final aim is that of getting finest grained indicators for studies on the impact of industrial investment on R/D. |
| Keywords: | Industrial R/D, R/D survey, CIS survey |
| JEL: | O30 C81 C42 |
| Date: | 2007–07 |
| URL: | http://d.repec.org/n?u=RePEc:csc:cerisp:200707&r=ppm |