Line management and Rewards in China’s knowledge intensive industries

Managers play a significant role in the adoption, modification, and even discontinuation of pay for performance. However, there has been no existing literature on the contributions of line managers to pay for performance practices in the Chinese context. This paper explores line managers' perception of pay for performance and the key supports and barriers to their involvement in pay for performance design and implementation. A multi-case study approach was conducted in 12 non-public sector knowledge intensive firms, aligned with semi-structured interviews with HR and line managers. The findings show that project intensification could be an important factor that impacted on line managers' understanding and responsibility in pay for performance.

Updated: 10/02/2017
Comments: 18
Views: 13,204

Ending compulsory annuitisation: what are the consequences?

The report highlights the consequences of the Government's proposal to end the requirement for pension scheme members to purchase annuities by the age of 75.

Updated: 10/02/2017
Comments: 7
Views: 12,820

Do accounting requirements constrict supply chain finance?


ManMohan Sodhi

Any Industry

Although supply chain finance appears to offer a win-win-win proposition for buyers, suppliers and banks, buyers have been reluctant to adopt these solutions. It has been suggested that accounting requirements on supply chain finance render its adoption unattractive for buyers through reclassification of accounts payable to debt, thus increasing the debt held by the buyer on their balance sheet.

To investigate whether this is indeed the case, preliminary research was carried out through interviews with four financial organisations.

Updated: 09/12/2014
Comments: 19
Views: 12,791

Insurance solvency under parameter uncertainty

Financial institutions such as insurance companies or banks are regulated according to a Value-at-Risk principle. This means that they have to hold enough capital, such that their probability of becoming insolvent over a fixed time horizon (e.g. 1 year) is very low (e.g. at most 0.5%). Calculation of the required capital according to this principle stumbles on the quite fundamental difficulty of estimating the probability of very extreme scenarios based on limited data sets.

Updated: 10/02/2017
Comments: 4
Views: 12,740

Insurance, systemic risk and the financial crisis


Faisal Baluch

 et al.

In this paper we assess the impact of the financial crisis on insurance markets and the role of the insurance industry in the crisis itself.

Updated: 01/01/2015
Comments: 40
Views: 12,447

Partnership under pressure

As recently as twenty years ago, partnership was the pre-eminent form of governance in most major professional sectors. But in the 1980s the incidence of partnership began to decline in areas such as accounting, management consulting, actuarial consulting, and investment banking, to the extent that most major consulting firms and almost all investment banks are now organised as privately-held or publicly-quoted corporations.

Updated: 02/11/2011
Views: 12,278

Apocalyptic demography? Putting longevity risk in perspective

Current life expectancy depends very much on demographic factors, particularly lifestyle, and varies from scheme to scheme, i.e. it is scheme specific. It is therefore very important that companies understand where their scheme sits in the population of pension schemes as far as life expectancy is concerned.

Updated: 10/02/2017
Views: 12,225

The third annual Cass-Capco conference of the Cass-Capco institute paper series on risk


Podcast containing interviews, presentations and keynote address of the event at Cass Business School on 19 April 2010

Updated: 10/02/2017
Views: 12,039

What are professional service firms and why do we study them?

The word 'professional' is often used rather loosely: the lay person will as easily apply it to footballers, actors, and hairdressers as to lawyers and accountants. In the altogether more precise language of academics it is still a highly contested term - as, by extension, is the expression professional service firm (PSF).

Updated: 16/07/2015
Views: 11,902