The efficiency and quality of performed tasks constitute one of the indicators of functioning of an organization in both the public and private sector. The article presents the experience of the Shared Services Centre (SSC) in Toruń in the managing processes conducted as a part of provided shared service. The management of the processes which are presented by the authors of the article includes inventories of taken-over processes, their standardisation, optimisation and the principles of constructing service level agreements (SLAs) concluded by the SSC with the served units.
A multinational corporation (MNC) is an organizational vehicle to transfer knowledge from one country to another while preserving cash flow and control rights. The MNC has its origins in the uncertainty of international trade and investment, and its modern form coevolved with the emergence of institutional and political structures that permitted owners to realize and retain profits from the utilization of its organizational knowledge in foreign countries and territories. Since operating overseas incurs costs, the MNC is only viable if its transfer of organizational capabilities permits it to compete effectively against domestic and other foreign competition. With the diffusion of knowledge, local competitors often compete with the MNC in the long run. However, an MNC has the advantage of profiting from arbitraging across markets and leveraging its scale and scope globally. The impact of the revolution in information technologies has consequently an ambiguous effect, both enabling the MNC to operate globally more effectively and enabling markets to contract to more efficiently compete against organizational solutions.
In this paper, we study the interplay between the popularity of valuation techniques adopted by the banks, the banks' perception of the broader risk environment, and their relative performance. In examining this relationship, we rely on the performativity theory as it applies to the fields of accounting and economic sociology. Our data consists in newly disclosed accounting information collected from banks'10-K and 20-F reports from 2012 to 2015. We use four key ingredients in our model: (1) the banks' return on equity as a proxy for performance; (2) the range of unobservable inputs as a proxy for the banks' risk assessment; (3) the intensity of use of valuation techniques, as a proxy for the popularity of these techniques; (4) valuation technique as market devices in the performative process. The regression results suggest that that the intensity of use of valuation techniques mediates the performative process between valuation techniques and banks' performance.
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