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1.
On multiattributive risk aversion: some clarifying results 总被引:1,自引:1,他引:0
This article sheds some light on three concepts of risk aversion in a multiattributive decision framework introduced into
the literature by Kihlstrom and Mirman (J Econ Theor 8:361–388, 1974), de Finetti (Giornale degli Economisti e Annali di Economia
11:685–709, 1952), Richard (Manage Sci 22:12–21, 1975), and Meyer (Preferences over time, New York, pp. 473–514, 1976). We
review the three multiattributive risk aversion definitions as well as the notion of partial risk aversion, give a translation
of these concepts into properties of the multiattributive utility function and reveal that Meyer’s, de Finetti/Richard’s concepts
are very closely related. Moreover, it is shown that any additive utility function is risk neutral in the sense of de Finetti/Richard
and Meyer independently of the risk attitude that it expresses in terms of Kihlstrom/Mirman. Additionally we introduce a multiattributive
utility function derived from a one-dimensional function that leads to a coincidence of the differently defined risk attitudes.
相似文献
Gregor DorfleitnerEmail: |
2.
In the wake of widespread criticism for its poor performance in Hurricane Andrew in 1992, FEMA became a more effective organization
under the leadership of James Witt (1993–2001). One answer to the question of how and why FEMA improved so rapidly and significantly
during this period is Carpenter’s (2001) theory of “bureaucratic autonomy.” This paper defines the minimum conditions Carpenter
considers necessary for the term, evaluates their applicability to FEMA during this period, and briefly examines alternative
explanations for FEMA’s organizational transformation. It concludes that the innovation and entrepreneurship FEMA demonstrated
during this period do indeed meet the criteria for “bureaucratic autonomy.”
相似文献
Donald E. Klingner (Corresponding author)Email: URL: http://web.uccs.edu/klingner/index.html |
3.
The influence of executive age,career horizon and incentives on pre-turnover earnings management 总被引:1,自引:0,他引:1
Wallace N. DavidsonIII Biao Xie Weihong Xu Yixi Ning 《Journal of Management and Governance》2007,11(1):45-60
In this paper we hypothesize that CEOs will be motivated to manage earnings prior to a turnover decision. This motivation
comes from the horizon problem for CEOs nearing retirement age and for CEOs whose profit-based bonus is a large portion of
their total compensation. We find that firms in which CEOs are nearing retirement age have large discretionary accruals in
the year prior to turnover. Although we find firms with a larger proportion of profit-based bonus pay have larger discretionary
accruals, this result is not robust with the inclusion of control variables in the regressions.
相似文献
Wallace N. Davidson III (Corresponding author)Email: |
Weihong XuEmail: |
Yixi NingEmail: |
4.
We study the implications of the absence of arbitrage possibilities on asset pricing with and without personal income taxes.
While no-arbitrage conditions in frictionless markets have sufficiently been investigated, personal income taxation is still
beyond of being fully integrated into arbitrage theory. In extending the primary analysis of Ross (J Polit Econ 95:371–393,
1987) to a multiperiod framework allowing for dynamic trading strategies, we take a major step in this direction. The existence
of a positive linear pricing functional is proven in a general discrete time and discrete state space model. In order to obtain
the linearity of the pricing functional, one has to allow for short sales or, at most, to restrict sales to positions initially
given. Hints at far-reaching economic applications are available.
相似文献
Jochen WilhelmEmail: |
5.
Paul B. de Laat 《Journal of Management and Governance》2007,11(2):165-177
In this overview of governance mechanisms developed within open source software (OSS) circles, three types of governance are
studied: ‘spontaneous’ governance, internal governance, and governance towards outside parties. Moreover, two main ways in
which lessons from OSS can be applied elsewhere are explored: peer production of products other than software, and embedding
‘peer-produced’ products and peer processes into existing institutions (‘coupling’).
相似文献
Paul B. de LaatEmail: |
6.
The importance of taxes in entrepreneurial decisions: an analysis of practicing physicians’ behavior
An irrational strong importance of taxes in an individual’s decision-making behavior is one of the most popular assumptions
about the behavioral effects of taxation. However, empirical research about this phenomenon is rare. In a study of German
physicians, this paper analyzes whether tax aspects are over weighted in entrepreneurial decision-making. Furthermore, factors
that may influence the irrational decision-making behavior of actors are analyzed. As research method, a conjoint analysis
is used that permits measurement of the relative importance of tax aspects in decisions. The first result of the study is
that the majority of the respondents (practicing physicians) misestimate their own marginal tax rate. The main result of the
study is that––in comparison to the neoclassical model of rational maximization of consumption utility––most of the respondents
overweight tax aspects. No evidence can be found for any relationship between indicators of a possible tax aversion (e.g.,
low satisfaction with the tax system) and attention to tax aspects in the decisions analyzed.
相似文献
Christina SichtmannEmail: |
7.
Increasing globalization is driving an increase in diversity and interaction. A more mobile and international workforce frequently
requires that individuals try to understand the norms of their “new” society. This paper provides a preliminary exploration
of the types of issues and concerns raised by expatriates working in a new foreign environment. In particular, the paper uses
a hybrid survey/interview methodology to identify specific issues raised by expatriates working in Kazakhstan, Central Asia.
相似文献
P. LowEmail: |
8.
This study explored organizational climate perceptions within high school athletic departments from the point of view of coaches.
Five key facets of job satisfaction and satisfaction with the job in general were assessed as well as the relationship between
each facet and three distinctive dimensions of organizational justice. High school coaches (N = 392) indicated that their athletic departments maintained a fair operating climate and were satisfied with each of the
five facets and their jobs in general. Also, a linear relationship (p ≤ 0.05) was found between each of the three fairness dimensions and each of the job satisfaction facets as well as the job
itself.
相似文献
Michael SmuckerEmail: |
9.
This paper contributes to the study of efficient governance of public–private partnerships (PPPs) through an inductive comparative
case study of three riding schools in Sweden. Each school is a three-party PPP between a private firm, a democratic nonprofit
association, and a municipality. The results indicate that efficient PPPs mixing private, collective, and communal interests
can be established through an adaptive governance strategy. The private firm can shield the democratic association from market
influence through adapting to market conditions; the municipality can create a governance strategy; and the democratic association
can focus on providing riding services and fostering democratic governance.
相似文献
Elin SmithEmail: |
10.
Thomas Schillemans 《Public Organization Review》2008,8(2):175-194
In the Netherlands, new accountability arrangements are created as remedies for the accountability deficit of agencies. These
arrangements are of a ‘horizontal’ nature, as the agencies account for their behaviour towards accountees that are not their
hierarchical superiors: clients, stakeholders or peers. This paper provides an inventory and qualitative assessment of horizontal
accountability arrangements. It is argued that they have added value because they stimulate learning. However, horizontal
accountability is not a substitute for hierarchical accountability. Horizontal accountability arrangements operate ‘in the
shadow of hierarchy’: they gain significance through complex interactions with traditional forms of accountability.
相似文献
Thomas SchillemansEmail: |
11.
Zusammenfassung: Der Beitrag beschreibt die Einbettung des 360-Grad-Feedbacks in ein Programm der Führungskr?fteentwicklung. 360-Grad-Feedback
ist eine Voraussetzung für die systematische Kompetenzentwicklung der Führungskr?fte eines Unternehmens. Darüber hinaus k?nnen
die Entwicklungs- und Lernm?glichkeiten, die ein individuelles Coaching bietet, durch ein vorheriges 360-Grad-Feedback optimiert
werden. Die bei ThyssenKrupp Services mit dem F?rderprogramm „best-for-best“ gesammelten Erfahrungen zeigen deutlich, dass
die Kombination von einem 360-Grad-Feedback mit gezielten Coaching-Angeboten ein echtes Erfolgsmodell darstellt.
相似文献
Danièle SchwarzEmail: |
12.
This paper is aimed at explaining the role of public accountability in promoting public trust in public organizations. Initially
a conceptual model was developed. Then, the model was tested empirically in Iran. The result shows that public accountability
influences the public trust by improving citizens’ satisfaction. In other words, legal, ethical, financial, functional, and
utmost political accountability affect public trust through influencing citizens’ satisfaction. This study also confirms that
changes in social trust, citizens’ trust in government, and media will moderate trust in public organizations.
相似文献
Ali Asghar Anvary Rostamy (Corresponding author)Email: |
13.
Caspar Rose 《Journal of Management and Governance》2007,11(4):405-428
It has been advocated within corporate governance that institutional investors may discipline management in listed firms and
thereby alleviate the free rider problem associated with dispersed ownership. This article tests this hypothesis using a sample
of Danish listed firms during 1998–2001 determining, whether ownership by institutional investors impacts performance, measured
by Tobin’s q. Using three stage least squares, it is shown that aggregate ownership by institutional investors does not influence firm
performance. However, when decomposing the results, it is found that joint ownership by the largest two Danish institutional
investors, has a significant negative impact firm performance. Ownership by banks and to a lesser extent insurance companies
significantly influences firm performance positively. The results somehow challenge the conventional wisdom, arguing that
the black box view of institutional investors should be abandon. Therefore it is suggested that a more careful analysis should
be devoted to each institutional investors own legal environment.
相似文献
Caspar RoseEmail: Email: |
14.
Siobhán O’Mahony 《Journal of Management and Governance》2007,11(2):139-150
The concept of ‘open source’ software initially referred to software projects managed by grassroots communities in public
forums. Since 1998, the concept has been adapted and diffused to new settings that extend beyond software. While the open
source community has maintained control over which software licenses can be considered ‘open source’, little attention has
been paid to the elements that constitute community management. More private parties now contribute to OSS communities and
more hybrid governance models have emerged. Before we can understand how hybrid models differ from a community managed model,
a more precise definition is needed. This essay takes a step in this direction by identifying five core principles critical
to community-managed governance.
相似文献
Siobhán O’MahonyEmail: |
15.
Yuko Kaneko 《Public Organization Review》2006,6(4):329-346
The Japanese government implemented drastic restructuring of the central government in 2001. As a part of this reform, the incorporated administrative agency (IAA) system was newly introduced in view of carrying out certain public functions in a more flexible, business-like and autonomous way. Research and development activities in the public sector are now mostly conducted by the incorporated administrative agencies. In this article, the purpose of this reorganization is firstly described followed by the outline of this system and current accomplishments. In concluding, the Japanese undertaking of a new public organization is analyzed in comparison with the European and “Anglo-Saxon” countries.
相似文献
Yuko KanekoEmail: |
16.
In this article, we examine the regulatory mechanisms governing post public employment in Britain and Hong Kong in the context
of changing views on how integrity should be managed in their civil services. In both places, new public management practices
have increased the possibility of ‘soft’ conflicts of interest which in turn has resulted in debates over the necessary degree
of regulation, the organizational form that this should take, and the extent to which ethical concerns should be more focused
on the communication and inculcation of core values in civil servants. We argue that the difficulty of regulating ‘soft’ conflicts
of interests is driving moves toward the greater centralisation of ethical regulation in both Britain and Hong Kong and that
there appears to be a return to more traditional ways of managing integrity.
相似文献
Ian ScottEmail: |
17.
We consider whether Benford’s Law can be used to improve target selection prior to the start of on-site tax audits, thus increasing
effectiveness and efficiency of fiscal enforcement. Laboratory experiments are conducted to obtain manipulated data and compare
these to data which are known to be unmanipulated. We find that Benford’s Law can be used as a tool for audit selection, but
that auditors must be cautious to ensure that Benford’s Law can be expected to apply to unmanipulated data of the prospective
audit target. We also find that subjects cannot adapt sufficiently to Benford’s Law during tax fraud activity.
相似文献
Christoph WatrinEmail: |
18.
Alnoor Bhimani 《Journal of Management and Governance》2008,12(2):135-147
Corporate governance codes extensively appeal to ethical standards of conduct. Rather than being articulated alongside economic
axioms, ethical and moral precepts are intertwined within neo-classical economic argumentation across corporate governance
standards. This paper explores the fusion between ethics and modern economic rationality and reflects on the scientisation
of economics and ethics in academic discourse. The argument is then made that the enlistment of ethics within the epistemologically
privileged posture of economics characterises corporate governance codes. The UK Combined Corporate Governance Code of 2006
is analysed to draw out the paper’s contention.
相似文献
Alnoor BhimaniEmail: |
19.
Guido Hertel 《Journal of Management and Governance》2007,11(2):129-137
Successful open source software (OSS) projects can be considered as examples of how ambitious work results can be achieved
in web-based collaboration even when monetary incentives are low or absent. While former explorations of motivational processes
in OSS projects primarily focused on person-oriented aspects such as motives, interests, and expected benefits of contributors,
job-related factors have been largely neglected. After discussing the limitations of a person-oriented focus, a research perspective
is suggested that concentrates on job design and work context in OSS based on frameworks from work psychology. A theoretical
analysis is presented discussing job characteristics of successful OSS projects as potential explanations of the high motivation
of OSS contributors. Compared to a person-oriented perspective, the results of a job-oriented approach might be better transferable
to other projects (both OSS and “closed source” software development) and provide guidelines for the governance of successful
web-based collaboration.
相似文献
Guido HertelEmail: |
20.
Our study analyzes financial reporting data on earnings management from a rapidly changing economy—the PRC. Some Chinese regulatory
reforms allow for an easy identification of incentives to engage in both accounting and real earnings management activities.
In addition, straightforward economic reasoning suggests that firms incur different costs for pursuing these strategies, which
leads to the possibility of a hierarchy or ranking of different earnings management practices. Our results show that accounting
and real earnings management activities were significantly higher for firms in danger of missing a regulation imposed performance
threshold. After controlling for the availability of the different instruments, our results provide weak evidence for a ranking
of different earnings management activities.
相似文献
A. SzczesnyEmail: |