Too Negative to Take Risks? The Effect of the CEO's Emotional Traits on Firm Risk

Except for some recent survey and experimental studies, strategic management research has tended to neglect the influence of emotions on managers' strategic choices. This paper analyses the influence of the stable, long‐term emotional traits of CEOs on an actual business outcome: risk taking. The hypotheses are tested on a sample of 51 Spanish banks and savings banks. Our results show that CEO affective traits influence banks' risk taking. Specifically, our analyses show that managers' negative affective traits are related to lower risk taking as reflected in a lower variability in performance, a lower level of credit risk and a less risky composition of the loan portfolios of the banks they manage. Positive affective traits do not seem to influence the level of risk. These findings partially support ‘affect congruency and generalization’ arguments, and show the need to consider the role of affects when analysing CEOs' strategic choices.     

S’orienter dans les espaces sociaux en ligne. L’exemple d’un jeu

This study of the social space formed around Mountyhall, an online game, takes as starting point not the distinction between “real” and “virtual” but the concrete circulation of participants. Focus is placed on the “cosmopolitanism” of social webspaces and the alternation between connected/unconnected. Crossing this case study with an analysis of statistics and graphs leads to formulating the notion of “orientation principle” for explaining how participants themselves draw boundaries and label activities. Two “orientation principles” are analyzed: the first one about time in relation to the game and the other about the geography of this online social space.     

西班牙报业保卫战

2008年，西班牙报业公司的收入与前一年相比减少了8％，降至27亿欧元。2008年，报业公司总的广告销售收入下降了16％。2009年，预计其广告销售将从15亿欧元降至13亿欧元左右。     

Los determinantes y consecuencias de la desconfianza en México1

This paper analyzes the relationship between interpersonal trust and the trust in different institutions as well as its involvement with sociodemographic and political culture-related variables and its connection with associativism. For this, 1993 and 2000 national surveys where used. The results show that there is independence between interpersonal trust and the trust in institutions, because they are built by different processes. There is also a slight relationship between sociodemographic variables and political values or ideology. Interpersonal trust is linked with active participation in associations, which may point out that it is associated to specific forms of social organization. On the other hand, trust in institutions seems to respond more to the behavior of the political system, its performance, and how it is evaluated. Besides, it appears that the trust is influenced by age or place of residence. Older persons and those living in small villages are associated with conservatism. Non-political institutions (such as religion, unions, etc.) could be affected by policy performance.     

A unified view on skewed distributions arising from selections

Parametric families of multivariate nonnormal distributions have received considerable attention in the past few decades. The authors propose a new definition of a selection distribution that encompasses many existing families of multivariate skewed distributions. Their work is motivated by examples that involve various forms of selection mechanisms and lead to skewed distributions. They give the main properties of selection distributions and show how various families of multivariate skewed distributions, such as the skew‐normal and skew‐elliptical distributions, arise as special cases. The authors further introduce several methods of constructing selection distributions based on linear and nonlinear selection mechanisms.     

The new dependency: Technological change and socioeconomic restructuring in Latin America

This article analyzes the implications for the Latin American societies of the ongoing restructuring of the world economy, which is driven by the accelerated application of science and technology to the production process. After a short review of the current developments at the regional level, the article focuses on Mexico and Bolivia. These two extreme cases, ranging from high-technology industries on the United States-Mexico border to the growth of an underground economy based in the production of coca and cocaine, allow the analysis of new forms of dependency that are already constraining the economic adjustment and the democratization process in Latin America.     

A decision support system for modelling and implementing the supply network configuration and operations scheduling problem in the machine tool industry

This paper presents a decision support system to simultaneously solve the supply network configuration problem and the operations scheduling problem for the machine tool industry. A novel database structure, which is able to consider alternative operations and alternative bills of material, has been used. An algorithm for complete enumeration to determine all the feasible solutions using stroke graphs is introduced. A multiagent-based simulator evaluates the different key performance indicators that the supply network deals with for each alternative solution (e.g. workload, profits, delivery times, etc.) to determine that ‘satisficed’ by the collaborative decision-making among its members. A case study based on a Spanish company that assembles highly customised machines and tools in several European plants is considered. From the experiments results based on data linked to this industry, it will be demonstrated that the tool is potentially useful for stakeholders and for the central decision-maker to make decisions collaboratively in a multisite context case.     

Normative collective behavior in the Station building fire

Objective. This article offers a test of the normative explanation of collective behavior by examining the fire at the Station nightclub in Rhode Island that killed 100 and injured nearly 200 persons.Methods. Information on all persons at the club comes from content analysis of documents from the Rhode Island Police Department, the Rhode Island Office of the Attorney General, and The Providence Journal. We use negative binomial regression to test hypotheses about the effects of group-level predictors of the counts of dead and injured in 179 groups at the nightclub.Results. Results indicate that group-level factors such as distance of group members at the start of the fire, the number of intimate relations among them, the extent to which they had visited the nightclub prior to the incident, and the average length of the evacuation route they used predict counts of injured and dead. The research also looks at what behavioral differences exist between survivors and victims, ascertains the existence of role extension among employees of the nightclub, and provides support for the affirmation that dangerous contexts negate the protective influence of intimate relations in groups.Conclusion. We argue for the abandonment of current emphasis on irrationality and herd-like imitative behavior in studies of evacuation from structural fires in buildings and for the inclusion of group-level processes in social psychological explanations of these incidents.