The Impact of Family Ownership on Financial Performance Essay

The Impact of Family Ownership on Financial Performance - Essay Example Another problem with application of the data to test the equation is possible existence of other variables that the used data failed to control. While the research focused on studying effect of family ownership on performance, many factors to organizational performance exist that could confound the analysis results. Ensuring control was therefore necessary and could be achieved through identification of possible confounding variables and analyzing organizations with similar levels measurement of the variables. Analysis of potential effects of the variables for adjustment measures would also remedy their confounding effect to ensure suitability of the data in testing the model. Small sample size is another problem that that testing the model with the data faces. External validity is a significant factor to quantitative research and defines the potential to generalize findings from a sample to a population. The measure is directly proportional to sample size and the small sample size m eans that developed information and conclusion from the analysis cannot be inferred to performance of the categories of companies in Hong Kong. This limits the scope of qualitative research and renders the analysis ineffective (Hays and Singh, 2011). The probability value for the coefficient estimate informs the decision on its statistical and economic relevance. The probability value of 0.15, which is relatively small, means that the coefficient estimate for the relationship is statistically significant for an 80 percent confidence interval. This high probability cannot be ignored and justifies the decision for statistical relevance. Statistical significance is however more precise than economic significance by observing set limits for the significance. Contrary to this, economic significance exists even with a minimal probability of occurrence, as well as there is a chance. A probability of 0.15 for beta means a probability of 85 percent exists for a

Social Disorganization Research Paper Example | Topics and Well Written Essays - 750 words

Social Disorganization - Research Paper Example The paper "Social Disorganization" examines how does social disorganization relate to organized crime and its evolution. The case of gang culture could remarkably deviate from the prevailing order within the society. Within the gang culture, it could be evident that in one way or another, there is a presence of leadership that is either organized or unorganized. There might be order within this culture, but from the point of view of the society, there is a deviation from the actual law enforced by the people. It is in this case that one could link the case of gang culture with social disorganization. It is important to understand how does social disorganization relate to organized crime and its evolution. One substantial case that could explicate this point is gang culture. Gangs have substantive culture that within it there is a great presence of shared values and beliefs. What makes this shared values and beliefs became a success is the point in which gangs have remarkably hired ne w set of members and flourish due to unsuccessful prosecution effort and even worst, becoming legitimate business. All of these could remarkably start within street gangs. The evolution is so tough, but the bottom line paves the way for organizing street gangs into something vibrant readily associated with business that could also interconnect with corrupt officials, which eventually strengthens them further to become established crime groups. Social disorganization could become established organized crime.... Eventually social disorganization meets the criteria of organized crime because just like the latter, it is completely against the prevailing values and set standard by the society through the prevailing law emancipated for the protection of everybody’s freedom or right. Law-breaking behavior is generally present within the context of social disorganization and ultimately street gangs could evolve as groups that would have fundamental association with corrupt officials leading to their social, economic and political power. Due to these fundamental reasons, there is not doubt that social disorganization such as in the case of gang culture eventually meets the criteria for organized crime. In fact, its evolution substantially completes the achievement of these criteria. Corrupt political machine and social disorganization As already stated, a full-pledged or grown up group of street gangs eventually make it a point to consider undertaking maximum gain through establishing a busi ness for the survival of the group and maximum benefits of each member. However, along the way, social disorganization such as in the case of street gangs and their evolution would try to make it a point to maximize the achievement of relevant gains for the benefits of their groups. In reality, they have close tie or connection with corrupt officials (Lyman & Porter, 2007). In other words, the more there will be corrupt officials, social disorganization continues to prevail and even continue to move in an upward spiral. It is due to the fact that the presence of these corrupt political machines creates the competitive advantage of social disorganization and