Will you trust your new boss? The role of affective reactions to leadership succession

Affective reactions to the departure of work group leaders are proposed as an important determinant of members' trust-related judgments regarding new leaders. A field test of veterinary hospital employees evaluating new leaders revealed that the affective reaction to the departure of the prior group leader predicted trust when there was no history between the individuals. When there was history between the two individuals, the group member's evaluation of the new leader's ability on their prior job was a significant predictor of trust over and above their affective reaction to the succession. The relationships between affective reactions to succession and trust formation were replicated in a longitudinal simulation of trust formation in student groups. The implications of these findings for the study of trust in organizations and leadership succession processes in work groups are discussed.     

The medium-term currency outlook

The article examines the experience of the major international currencies over the period since 1953 and assesses their prospects in the early 1980s. It summarizes the historical background, drawing a distinction between the Bretton Woods arrangement, when the world operated under a notional fixed exchange rate system, and the post 1971 experience which has involved a good deal of ‘dirty floating’ in the absence of any formal system. The paper focuses on the factors which influence exchange rate movements, and examines the practical uses of the analytical tools available, assessing the value, and possible misuse, of exchange rate forecasts in the decision-making process of the Long Range Planner. The author draws certain conclusions about economic policy and the international monetary system and offers some thoughts about the implications of the European Monetary System.     

Economic socialization in the kibbutz and the town in Israel

This study compared the economic understanding and attitudes of children living in the city with those living in a kibbutz, collective villages where an extreme socialist lifestyle is practised and preached. The differences in the answer patterns of the urban and kibbutz children were not very large, but the pattern was clear, and in keeping with the dominant ideology in both places: socialist in the kibbutz, middle-class capitalist in the city.     

Inference problems in life testing under multivariate normality

Modified maximum likelihood estimators of the parameters of a multivariate normal distribution are developed when the smallest or largest observations on one of the components are censored. These estimators are used to construct tests for means and correlation coefficients. The robustness of these tests to deviations from normality is investigated.     

Vacation farms and ecotourism in Saskatchewan, Canada

Vacation farms represent an increasingly significant rural diversification option for chronically unstable agriculture-based economies such as Saskatchewan. Concurrently, ecotourism is a rapidly expanding form of tourism which could serve to enhance the recreation product of such rural enterprises. Accordingly, a self-administered questionnaire was sent to all listed vacation farm operators in the province to obtain information on the provision of ecotourism opportunities. Just over one-half (n = 40) of all operations returned a completed questionnaire. Of 23 listed recreation options, wildlife viewing was cited as the activity most frequently undertaken by vacation farm visitors, followed by hunting, casual photography and touring. Wildlife viewing occurred most commonly during the spring and summer, with access to the resource occurring mainly on foot, and less so by horse and vehicle. Birds were the most important category of wildlife viewed, followed by mammals and plants; reptiles/amphibians, insects and fish were of only minor significance. It was evident that the sampled vacation farm operators possessed very little training in the area of ecotourism; few barriers or opportunities related to the latter were indicated. Appropriate recommendations include the provision of ecotourism training opportunities, stronger linkages between vacation farms and public spaces, and further investigation into the relationship between wildlife viewing and hunting activities.     

Gender differences in risk behaviour in financial decision-making: An experimental analysis

This paper examines whether gender differences in risk propensity and strategy in financial decision-making can be viewed as general traits, or whether they arise because of context factors. It presents the results of two computerised laboratory experiments designed to examine whether differences in risk preference and decision strategies are explained by the framing of tasks and level of task familiarity to subjects. The results show that females are less risk seeking than males irrespective of familiarity and framing, costs or ambiguity. The results also indicate that males and females adopt different strategies in financial decision environments but that these strategies have no significant impact on ability to perform. Because strategies are more easily observed than either risk preference or outcomes in day to day decisions, strategy differences may reinforce stereotypical beliefs that females are less able financial managers.     

Migration decision making and migration behavior in rural Kenya

Micro theories of migration have generally been tested with data which do not allow one to distinguish between the decision to move and the act of moving. The latter is usually treated as a proxy for the former. Using data from a two round survey of youth in rural Kenya we classify respondents as decision processors/nondecision processors from round one data, and determine who migrates over a nine month interval from round two data. Thirty-four percent of the sample are classified as decision processors and 25% as migrants, but decision processors were only slightly more likely to migrate than nondecision processors and more migrants actually came from the latter group.A simple model is developed to determine the extent to which the same factors that influence decision-processing influence who migrates. The model is tested using regression procedures by first treating decision-processing as the dependent variable then migration. The model explains 26% of the variance in who decides, but only 10% of the variance in who actually moved. Finally, separate analyses are done of the determinants of migration for decision processors and nondecision processors.