Determinanten des Informationsgehalts von Managementprognosen – eine empirische Untersuchung anhand der DAX und MDAX-Unternehmen

In this article the characteristics and determinants of the information content of management earnings forecasts of the German DAX and MDAX companies between 2002 and 2005 are analyzed. As proxy for the information content I use the precision of the wording of a forecast. I can show that the forecasts of MDAX companies are more precisely formulated than those of DAX companies. Furthermore forecasts are formulated more precisely, when companies have, (1) a lower percentage of intangible assets, (2) lower market capitalization, (3) lower volatility of earnings and (4) a higher need for external financing.     

The Meaning,Antecedents and Outcomes of Employee Engagement: A Narrative Synthesis

The claim that high levels of engagement can enhance organizational performance and individual well‐being has not previously been tested through a systematic review of the evidence. To bring coherence to the diffuse body of literature on engagement, the authors conducted a systematic synthesis of narrative evidence involving 214 studies focused on the meaning, antecedents and outcomes of engagement. The authors identified six distinct conceptualizations of engagement, with the field dominated by the Utrecht Group's ‘work engagement’ construct and measure, and by the theorization of engagement within the ‘job demands–resources’ framework. Five groups of factors served as antecedents to engagement: psychological states; job design; leadership; organizational and team factors; and organizational interventions. Engagement was found to be positively associated with individual morale, task performance, extra‐role performance and organizational performance, and the evidence was most robust in relation to task performance. However, there was an over‐reliance on quantitative, cross‐sectional and self‐report studies within the field, which limited claims of causality. To address controversies over the commonly used measures and concepts in the field and gaps in the evidence‐base, the authors set out an agenda for future research that integrates emerging critical sociological perspectives on engagement with the psychological perspectives that currently dominate the field.     

Managing cohesion in transnational organizations: an introduction

Aesthetic approaches seek to enrich knowledge about the ‘sensible’ aspects of experience. The ‘aesthetic dimension’ of shipboard organizational life is evoked and co‐created through multiple aesthetic categories such as the agogic, the sacred, and the sublime rendered through multiple sensory experiences of life aboard. A researcher and sailor‐informant co‐authored aesthetic reading contributes to a growing niche of aesthetic‐based research within organization studies. Our article explores collaboration as an important element of the aesthetic project. Possibilities for future aesthetic inquiries are also considered.     

Childcare costs and the demand for children—evidence from a nationwide reform

Exploiting the exogenous variation in user fees caused by a Swedish childcare reform, we are able to identify the causal effect of childcare costs on fertility in a context in which childcare enrollment is almost universal, user fees are low, and labor force participation of mothers is very high. Anticipation of a reduction in childcare costs increased the number of first and higher-order births, but only seemed to affect the timing of second births. For families with many children we also find a marginally significant negative income effect on fertility.     

Liberalisierungspolitik

Political-economic classics of different schools agreed that capitalism inherently and inevitably leads to a decline of market principles. We analyze indicators of liberalization policies for 21 OECD-countries in five economic and social policy fields and demonstrate that western industrialized countries are subject of a convergent trend towards market-creating policies??in stark contrast to the theoretical expectations of several political economy authors. At the latest during the first half of the eighties, the western democracies entered a new phase of economic liberalization, which continues up to the present. A methodological implication of our findings suggests that the methods of causal analysis of convergent liberalization policies may not be the same as those who have been applied for the analysis of development and consolidation of the varieties of capitalism in the postwar era.     

Generic charisma - Conceptualization and measurement

In these times, when fame is available to almost anyone, it is worth being able to measure the extent and dimensions of a person's charisma. Most of the research on charisma to date is restricted to the area of leadership. In this article, however, charisma is generalized to take in all human beings and is conceptualized as a multi-dimensional cognitive-affective phenomenon. The article presents a pilot study aimed at providing an adequate operational definition of the construct as well as an initial tool for its measurement. A following literature review shows how authors have developed the concept of charisma and its initial operational dimensions for empirical research. A questionnaire is developed in three stages. The factor analyses applied in stages two and three point towards a six-factor solution (i.e. six dimensions of charisma). Further analysis reveals that the developed instrument is reliable and viable as well as applicable for future theoretical and practical work.     

Reliability analysis of consecutive k-out-of-n systems with non-identical components lifetimes

In recent years, the study of reliability properties of consecutive k-out-of-n systems has attracted a great deal of attention from both theoretical and practical perspectives. In this paper we consider linear and circular consecutive k-out-of-n systems. It is assumed that lifetimes of components of the systems are independent but their probability distributions are non-identical. We study the reliability properties of the residual lifetimes of such systems under the condition that at least (n−r+1), r≤n, components of the system are operating. We also investigate the probability that a specific number of components of the above-mentioned system operate at time t, t>0, under the condition that the system is alive at time t.     

Pregnancy-related dropouts and gender inequality in education: A life-table approach and application to Cameroon

In this study, I used a life-table approach to estimate how much hypothetical reductions in pregnancy-related dropouts would help close the gender gap in educational attainment. Using the schooling histories of 6,686 pupils, I partitioned Cameroon's gender gap in education into "pregnancy-related" and "non-pregnancy-related" components and simulated the impact of reductions in pregnancy-related dropouts on this gap. The results suggest that such reductions would have substantial payoffs in this setting, but payoffs would be the greatest where societies also address gender inequities before puberty and outside the realm of pregnancy. Reductions in pregnancy-related dropouts complement but do not replace efforts to reduce gender discrimination in schooling. Recent data from Demographic and Health Surveys should make it possible to extend this analysis to other countries.     

The Transport System and Society’s Metabolism in the UK

This paper analyses the interrelation between the transport system and measures of resource consumption such as material and energy consumption over a 60-year period (1937–1997) in the UK. Non-motorized transport and time consumption for mobility are estimated in addition to conventional measures of transport. During the period analyzed, the UK population grew by 20% while transport of goods and persons increased more than threefold and material and energy consumption almost doubled. The transport intensity of domestic material input (DMI) doubled to 300 ton-kilometers (tkm) per ton of DMI while the transport intensity of domestic energy consumption (DEC) doubled to 20 tkm per gigajoule (GJ) of DEC. Thus, while the material and energy intensity of GDP declined significantly, a well-established trend in many advanced countries, the transport intensity of materials and energy consumption rose. These findings suggest a close link between transport, economic development, and long-term structural transformations. In the case of personal transport, a rebound effect was also observed: whereas the average speed of transport has greatly increased, the average number of hours per day devoted to personal transport has not declined.