A Strategic Approach on Organizing Accounts Receivable Management: Some Empirical Evidence

In this paper, the organizational behavior in managing accounts receivable is studied. It is based on the recent surge of interest in trade credit management from both academics and practitioners emphasizing 1) the rather permanent character of these short-term but continuously renewed investments and 2) their strategic potential due to the existence of financial, tax-based, operating, transaction and pricing motives. The paper focuses on a search for sources of such a strategic value and for the determinants of its risk. More specifically this potential strategic value is said to create a need for flexibility and control in managing accounts receivable. It will therefore induce a need for internalization of its management. The resulting risks, however, favor its externalization. This results in a revision of the existing decision-making processes since, the extension of trade credit becoming a strategic asset, investments in accounts receivable cannot be judged by the financial needs incurred as measured by the traditional DSO-rate anymore. More specifically, a transaction cost theoretic approach is used to explain the decision whether or not to internalize the firm's accounts receivable management and its risk, resulting in a set of hypotheses to be tested on a sample of both large and medium-sized Belgian companies.     

A Time-Series Study of the Formation and Predictive Performance of EEC Production Survey Expectations

Generalized method of moments (GMM) has been an important innovation in econometrics. Its usefulness has motivated a search for good inference procedures based on GMM. This article presents a novel method of bootstrapping for GMM based on resampling from the empirical likelihood distribution that imposes the moment restrictions. We show that this approach yields a large-sample improvement and is efficient, and give examples. We also discuss the development of GMM and other recent work on improved inference.     

汉民族研究的国际视野

2008年4月25日到27日,在美国著名的斯坦福大学举行了"汉民族研究反思国际学术研讨会",使汉民族研究从中国走向了世界.这次研讨会提交的44篇论文,选题新颖,视角独到,从历史到现实,从边缘到中心,十分丰富.25日上午研讨会举行了简单的开幕式后,即分全球的汉族,地方的汉族;汉代的汉族;社会科学和中华人民共和国汉族的构建;中晚期帝国的汉族;汉与中华民族;清与汉族认同的重建;边缘的汉族/汉族的边缘;教育、文化和大众传媒中的汉;法律和政治上的汉;汉性的研究等10个专场进行了大会或分组发言和讨论.最后举行了由美国学者环太平洋盆地研究所所长杜磊(Dru Gladney)教授、中国学者广西民族大学汉民族研究中心主任徐杰舜教授、哈佛大学历史系欧立德(Mark C.Elliott)教授带有总结性的主题讲演.     

Why most sociologists don't (and won't) think evolutionarily

The general failure of sociologists to understand, much less accept, an evolutionary perspective on human behavior transcends mere ignorance and ideological bias, although it incorporates a good deal of both. It also includes a general anthropocentric discomfort with evolutionary thinking, a self-interested resistance to self-understanding, and a trained sociological incapacity to accept the fundamental canons of scientific theory construction: reductionism, individualism, materialism, and parsimony.     

The index of consumer sentiment: Predictability and predictive power in the EEC

This paper investigates the mutual predictability between the Index of Consumer Sentiment and non-attitudinal economic indicator using linear regressions on aggregate time-series data for several EEC member countries. In the first part the ICS is regressed on economic indicators to show that a sizeable part of the fluctuations in the ICS are captured by the economic series. In a second part, new passenger automobile registrations are regressed on the ICS and on economic indicators to show that the ICS is al most a marginal determinant of consumer spending on new passenger cars. The general conclusions derived from the study strengthen the findings from previous studies which are sceptical about the usefulness of the ICS in the explanation and forecasting of discretionary consumer spending.     

The planning of cycle trips in the province of East Flanders

Traditional route planners assist in finding the shortest or fastest route from one place to another. This paper presents a novel approach to path finding in a directed graph, namely a target distance, motivated by the problem that a recreational cyclist deals with when searching a nice route of a certain length. The problem is defined as a variant of the arc orienteering problem (AOP), a new combinatorial optimisation problem in which the score of a route in a directed graph has to be maximised by visiting arcs, while each arc can be visited at most once and the total cost of the route should not exceed a predefined cost. The contribution of this paper is threefold: (1) a mathematical model of the AOP is provided, (2) a metaheuristic method that solves AOP instances to near optimality in 1 s of execution time, is proposed and evaluated, and (3) two real-life applications of the method are presented. An on-line cycle route planning application offers personalised cycle routes based on user preferences, and an SMS service provides cyclists “in the field” with routes on demand.     

Organizational Identity and Employer Image: Towards a Unifying Framework*

This study aims to bridge two research streams that have evolved relatively apart from each other, namely the research streams on organizational identity and on employer branding (employer image). In particular, we posit that it is crucial to examine which factors company outsiders (applicants) as well as company insiders (employees) associate with a given employer. To this end, this study uses the instrumental–symbolic framework to study factors relating to both employer image and organizational identity of the Belgian Army. Two samples are used: a sample of 258 Army applicants and a sample of 179 military employees. Results show that both instrumental and symbolic perceived image dimensions predict applicants' attraction to the Army. Conversely, symbolic perceived identity dimensions best predict employees' identification with the Army. Results further show that employees also attach importance to outsiders' assessment of the organization (construed external image). Theoretical and practical implications for managing organizational identity and image are discussed.     

Book reviews

Steven E. Aschheim, Brothers and Strangers. The East European Jew in German and German Jewish Consciousness, 1800–1923 (Madison, University of Wisconsin Press, 1982). Pp.xiv + 331. $25.00.

Ezra Mendelsohn, The Jews of East Central Europe Between the World Wars (Bloomington and London, Indiana University Press, 1983). Pp. 300. £19.25.

Hans van Amersfoort, Immigration and the Formation of Minority Groups: The Dutch Experience 1945–1975 (Cambridge, Cambridge University Press, 1982). Pp.vi + 243. £19.50. (Translated from the Dutch by Robert Lyng).

Centre for Contemporary Cultural Studies, The Empire Strikes Back: Race and Racism in ‘70s Britain (London, Hutchinson University Library, 1982). Pp.324. £5.95.

Susan Benson, Ambiguous Ethnicity: Interracial Families in London (Cambridge, Cambridge University Press, 1982). Pp.xi + 172. £16.50 (hardback); £5.50 (paperback).

Ashok Ohri, Basil Manning and Paul Curno (eds.), Community Work and Racism: Community Work Seven (London, Routledge &; Kegan Paul, 1982). Pp.xv+188. £5.95.

Harold Pollins, Economic History of the Jews in England (London, Associated University Presses, 1983). Pp.339. £20.

Australian Council on Population and Ethnic Affairs, Multiculturalism for All Australians (Canberra, Australian Government Publishing Service, 1982). Pp.54. NP.

Peter D. Osborne, The Other Australia: The Crisis in Aboriginal Health (Occasional Monograph 2, Department of Political Science, University of Tasmania, Hobart, 1982). Pp.144. NP.

J.W. Blassingame (ed.), The Frederick Douglass Papers: Series One, Volume 2: 1847–54, Speeches, Debates and Interviews (New Haven, CT, Yale University Press, 1983). Pp.616. £38.

Robert Ross, Cape of Torments: Slavery and Resistance in South Africa (London, Routledge &; Kegan Paul, 1983). Pp.xi + 160. £9.50.