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Cover, Front Matter & Editorial Board
Cover, Front Matter & Editorial Board
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
No abstract provided.
Determinants Of Option Spreads In A Multiple Listing Environment, Rebecca Abraham, Charles Harrington
Determinants Of Option Spreads In A Multiple Listing Environment, Rebecca Abraham, Charles Harrington
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
This study empirically determined the predictors of bid-ask spreads of equity options within the context of the current multiple-listed options market. Price emerged as the most powerful predictor followed by multiple listing. Price and volatility increased spreads, while multiple listing and volume reduced them. Multiple listing was more powerful than volume in explaining spreads. This study establishes that spread reductions prevail several years after initial multiple listing and supports the importance of competition over economies of scale in explaining spreads.
Empirical Study Of Public Bureaucratic And Private Non-Profit Organizations And The Adoption Of A Market Orientation, Leslie Tworoger, Thomas Tworoger
Empirical Study Of Public Bureaucratic And Private Non-Profit Organizations And The Adoption Of A Market Orientation, Leslie Tworoger, Thomas Tworoger
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
The purpose of this study was to investigate the relationship between the uses of power bases by leaders of private non-profit organizations and leaders in a bureaucratic governmental organization and the adoption of a market orientation by the firm. The study was conducted on a state bureaucracy and the corresponding newly privatized agency taking over the developed services. Today, in till attempt to make government bureaucracies more efficient and economical, there is a major shift in governmental services to the private non-profit sector (O'Connell, 1996; Rosenthal, 2000; Alexander, 2000). These private agencies are expected to employ more business-like methods (Alexander, …
Entrepreneur- Investor Negotiations: Investigating The Power Gap, Karen Page, Robert Sprague
Entrepreneur- Investor Negotiations: Investigating The Power Gap, Karen Page, Robert Sprague
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
Federal Securities Laws are designed to ensure that investors are provided with sufficient information to make an informed investment. These Laws presume that investors are relatively naive and powerless compared to the relatively sophisticated and powerful sellers of securities. In the new venture arena, however, it is often the case that sellers, the entrepreneurs, are relatively naive and powerless compared to the investors, who tend to be expert in venture finance. This paper explores these heretofore unexamined power imbalances and presents attributes of the entrepreneurs and their resources that may affect entrepreneurs' ability to negotiate with venture capitalists.
Neohumility And Business Leadership: Do They Belong Together?, Pareena Lawrence
Neohumility And Business Leadership: Do They Belong Together?, Pareena Lawrence
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
This article looks at commonly accepted and newly emerging ideas of effective leadership in the literature. One such quality that has recently emerged in the discourse on leadership is "humility." Humility has traditionally been associated with weakness and even seen as antithetical to the leader persona. This article suggests a new view of humility, "neohumility," humility without weakness and transformed to fit the business world. It operationalizes the definition of neohumility and includes characteristics such as self-awareness, valuing others' opinions, willingness to learn and change, sharing power, having the ability to hear the truth and admit mistakes, and working to …
Transformational Mentoring: What Role Does Mentoring Play In The Development Of Transformational Leaders?, Lynda St. Clair, Ronald Deluga
Transformational Mentoring: What Role Does Mentoring Play In The Development Of Transformational Leaders?, Lynda St. Clair, Ronald Deluga
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
This paper introduces the concept of "transformational men to ring," an alternative to traditional mentoring, as a tool for developing transformational leaders. Transformational mentoring differs from traditional mentoring in its emphasis on risk-taking rather than refuge-seeking and its encouragement of self-sacrifice rather than self-promotion. Our conceptual model identifies key mentor actions, anticipated mediators, and expected outcomes of the transformational mentoring process. We argue that current organizational leaders will need to address both cultural and structural barriers to transformational mentoring if they wish to support the development of future transformational leaders in their organizations.
Leadership Effectiveness: A "New" Integrative Leadership Model, Raj Selladurai
Leadership Effectiveness: A "New" Integrative Leadership Model, Raj Selladurai
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
What makes an executive effective? Are effective executives born with some unique abilities and skills? Or do they learn and practice some special strategies that make them superior? This paper explores whether effective executives are born or made, and analyzes some leadership studies done over the years. Also, it suggests an integrative model of effective leadership that organizations may use to develop and enhance better leaders and that individuals may use to improve their organizational leadership.
Continuing Confusion -Are Managers And Leaders Different?, David Curtis
Continuing Confusion -Are Managers And Leaders Different?, David Curtis
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
This paper revisits the debate about whether managers and leaders are different It notes the assertion that managers do things right and leaders do the right thing. The paper, then, examines the discussions provided in the leadership literature, and the experiences described by successful executives to test the validity of the previously described claim. Also, this paper provides an alternative view that managing and leading are not as different as commonly asserted.
Capstone Approach For Teaching Financial Instruments In Intermediate Financial Accounting, Konrad Gunderson
Capstone Approach For Teaching Financial Instruments In Intermediate Financial Accounting, Konrad Gunderson
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
Since the release in 2003 of Statement of Financial Accounting Standard 150 (SFAS150), accounting for certain financial instruments with characteristics of both liabilities and equity, intermediate accounting textbooks now include mandatorily redeemable preferred stock (MRPS) as a financial instrument requiring liability classification. MRPS is not legal debt in the traditional sense, but is classified as debt because its characteristics make it essentially equivalent to debt. This paper presents a series of teaching modules which, building on standard coverage of long-term debt and contributed capital, are designed to increase students' understanding of the essential characteristics of financial instruments. Completion of the …
Cover, Front Matter & Editorial Board
Cover, Front Matter & Editorial Board
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
No abstract provided.
Comprehensive Audit Of The Criteria Used For Scoring Applicants For Consumer Credit, Joel Jolayemi, Linda Carr
Comprehensive Audit Of The Criteria Used For Scoring Applicants For Consumer Credit, Joel Jolayemi, Linda Carr
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
This paper presents a comprehensive audit of the criteria used for scoring applicants for consumer credit. The audit consists of two parts: the first part focuses on the criteria used in customized models, while the second part deals with those used in Fair-Isaac and Co (FICO) or generic models. This paper shows that most of the sets of criteria variables used in lending institutions and in literature are poorly selected and poorly defined.
Effect Of Outcome Knowledge On Repeated Performance Evaluations, Russell Calk, Maryanne Mowen
Effect Of Outcome Knowledge On Repeated Performance Evaluations, Russell Calk, Maryanne Mowen
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
Outcome information has been shown to have a significant impact on performance evaluations in a wide variety of decision settings. Studies of outcome effects on performance evaluation typically examine a one-time decision. Often, however, managers must repeatedly evaluate performance. This study examines how outcome information affects the revision of multiple performance evaluations over time. The results have important implications for research into the sensitivity of evaluators to the sequence of the receipt of positive and negative information. Implications of these results for performance evaluation in multiple areas of business are discussed.
Leading The Virtual Organization: Success Strategies, Management Practices, And Skills, Stephen Stumpf, James Klingler
Leading The Virtual Organization: Success Strategies, Management Practices, And Skills, Stephen Stumpf, James Klingler
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
Virtual organizations have inherent strengths and weaknesses relative to traditional organizational forms. Their success depends heavily on the leaders of the organization leveraging these strengths, and not letting the weaknesses threaten the organization's survival. We explore the character of virtual organizations and propose a value proposition as to why individuals seek employment in such organizations. We then examine several business strategies and management practices that have helped virtual organizations to succeed. Six leadership skills are discussed that the leaders of virtual organizations indicate are critical to their business success.
Board Composition And Control: An Exploratory Analysis Of Organizational Crisis And Prevention, William Donoher
Board Composition And Control: An Exploratory Analysis Of Organizational Crisis And Prevention, William Donoher
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
Despite extensive scholarship on the subject of board control, the scandals of recent years suggest the need to revisit our assumptions - and our theories - regarding alternative board control mechanisms. This study uses an exploratory factor analysis comparing firms that successfully or unsuccessfully avoided governance failure and the onset of crisis to assess the consistency of board structures. Results indicate that there is some consistency among the successful firms, but that in genera/no common structural form can be linked to either success or failure. Thus, general rules cannot be relied upon, and a context specific approach to governance should …
Impact Of Subordinate Threats On Leaders' Pay Allocation Decisions, Mark Fulford
Impact Of Subordinate Threats On Leaders' Pay Allocation Decisions, Mark Fulford
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
In many different context within organizations today, attempts are made by direct reports to influence the decisions of their leaders. In no context does the resulting decision hit closer to home for a direct report than those related to the allocation of pay raises. Under what conditions are attempts by direct reports to influence their leaders' pay allocation decisions most effective? Wit at effect does a threat by the subordinate have on the leader's decision? Does the severity of the threat used matter? In an attempt to answer these questions, a study was conducted of leaders' pay allocation decisions under …
Treachery And Betrayal- An Analysis Of The Modern Fiduciary Behavior Of Corporate Directors And Management- The Need For Schooling In The Business Ethics Of Tomorrow, Gregory Huckabee
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
This article examines the fiduciary relationship between corporate officers and directors, and the shareholders they serve. In recent years, the breakdown of the fiduciary relationship and the failure of the corporate model have received much attention, as the headlines of Wall Street's endless fiduciary scandals adequately illustrate. What is the root of this failure, and what, if anything, are the remedies? Case analysis will demonstrate the pandemic problem involving fiduciary responsibility, demonstrating the need for reform. This review will identify systemic corporate fiduciary weaknesses and underlying causes. Recommendations for change to alleviate fiduciary failure will be discussed, with focus placed …
Drawing On Peer Evaluation Studies To Manage The Classroom, Roger Putzel
Drawing On Peer Evaluation Studies To Manage The Classroom, Roger Putzel
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
As global competition flattens hierarchies, management strives for productivity by delegating responsibility, notably including evaluation, to employees. Preparing generally apathetic students for this environment, teachers can manage classes in the same way. Traditional, hierarchical evaluation faces structural, managerial, and psychological difficulties. Peer evaluation, although reliable and valid, must additionally overcome peer group solidarity. Evaluators dread assigning low ranks because no one likes being below average. Peer evaluation challenges students and engages them in a work culture of distributed responsibility.
Effective Use Of Computer-Based Instruction And Assessment, Gladys Swindler
Effective Use Of Computer-Based Instruction And Assessment, Gladys Swindler
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
Advancing technology, increased emphasis on computer curricula, tech-savvy students, and shrinking budgets indicate that it is time to address the pedagogical issues of the introductory computing course. This study investigates the feasibility of using a hybrid instructional model of computer-based instruction with minimal classroom interaction when teaching an introductory computing course at a college or university. ANOVA reveals that computer-based instruction with minimal classroom interaction is as effective as a traditional model of lecture and hands-on instruction. Computer-based instruction provides a means to enrich students' teaming experiences, maximize faculty productivity, and effectively manage scarce resources.
Making Principles Of Marketing Case Studies Tangible Through Computer-Aided Interactivity, Maggie O'Connor, Tulay Girard
Making Principles Of Marketing Case Studies Tangible Through Computer-Aided Interactivity, Maggie O'Connor, Tulay Girard
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
A web-based principles of marketing case study module was developed over a two year period between marketing students and faculty and instructional design students, staff, and faculty. The module was tested with five sections of principles of marketing students to find out whether or not students perceive a difference in learning marketing concepts and problem-solving skills when working on a paper case with no interactivity versus a Web-based case study module with computer-aided interactivity. This study further investigated whether students find a web-based case more enjoyable than a paper case and if students are more likely to be interested in …
Assessing Student Entrepreneurial Capacity: Implications For Rural Communities And Higher Education, Mary C. Martin Ph.D., Henry Schwaller Mba
Assessing Student Entrepreneurial Capacity: Implications For Rural Communities And Higher Education, Mary C. Martin Ph.D., Henry Schwaller Mba
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
During the 1990s, the U.S. experienced a shift in job creation: large U.S. businesses laid off approximately 10 million workers, while entrepreneurs and small businesses created 20 million jobs during the same decade. Given this shift in job creation, it is clear that entrepreneurship is the new foundation of the U.S. economy. Rural communities, in particular, should be concerned about stimulating entrepreneurship given current challenges, such as declining and aging populations, loss of traditional industry, and declining wages. Entrepreneurial development is vital to the future success and growth of rural economies. The purpose of this study is to report the …
Role Of Implicit Personality Theory In Leadership Research, Lawrence Silver, Debbie Silver
Role Of Implicit Personality Theory In Leadership Research, Lawrence Silver, Debbie Silver
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
Implicit personality theory explains how individuals interpret the world around them including the events they experience and observe. Research in social and educational psychology indicates that one's implicit personality theory influences the extent to which one makes judgments about ability regarding the self and others. While some researchers have begun to apply the concept to organizational studies, this paper explains the value of extending that research into three areas important to leaders: (1) employee evaluation, (2) managerial feedback, and (3) work motivation.
Outside The Lines: Exploring Student Use Of Web-Based Vicarious Learning About Financial Markets, Matthew Ford
Outside The Lines: Exploring Student Use Of Web-Based Vicarious Learning About Financial Markets, Matthew Ford
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
This study considers web-based expert commentary as a mechanism for college student learning about financial markets. Social cognitive theory suggests that students may team vicariously by observing the thought processes expressed in the writings of well chosen web-based role models and adopting similar patterns of thought over time. An exploratory study using undergraduate business school students investigated the change in measures of financial market awareness after exposure to web-based commentary. Significant learning effects were evident, particularly when exposure was augmented by structure that guided the learning experience. Although more research is required, these findings suggest the utility of web-based expert …
Overcoming The Challenges Of Establishing A Student-Managed Fixed Income Fund, David Krause
Overcoming The Challenges Of Establishing A Student-Managed Fixed Income Fund, David Krause
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
Student-managed funds (SMFs) offer unique educational opportunities. In a typical SMF, students select common stocks and manage a real portfolio, gaining practical money management experience. Until recently, establishing a fixed income SMF has been unworkable for most academic institutions. Fixed income exchange traded funds (ETFs) are relatively new financial offerings that allow non-institutional investors the ability to trade shares of an entire bond portfolio as a single security. By combining different ETFs into a fund of funds, it is possible for students to implement various bond portfolio management strategies - a valuable learning opportunity previously unavailable to most business students.
Impact Of Securitized Real Estate On Portfolio Performance Under Alternative Market Conditions, Marcus Allen, Kenneth Wiant
Impact Of Securitized Real Estate On Portfolio Performance Under Alternative Market Conditions, Marcus Allen, Kenneth Wiant
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
This study considers the impact of adding real estate investment trust (REIT) stocks to stock portfolios in varying proportions under different economic conditions. To the extent real estate offers diversification benefits to stock market investors, REITs may serve as a practical alterative to the relatively high trading costs of direct equity positions in real estate investments. The results suggest that the inclusion of securitized real estate enhances portfolio performance during positive economic climates, but diminishes portfolio performance during negative economic climates.
Analysis Of The Financial Indices Of The Nafta Member Countries, Rafiqul Bhuyan, Andrija Popovic, Yoshi Fukasawa
Analysis Of The Financial Indices Of The Nafta Member Countries, Rafiqul Bhuyan, Andrija Popovic, Yoshi Fukasawa
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
This paper analyzes the efficient markets hypothesis for the major NAFTA financial indices. The results suggest that the simple return for all three indices is generally uncorrelated. The non-linear transformations of the simple return info its absolute and squared value behaved much differently however. Here, the statistics calculated provided considerable evidence to suggest that these transformations of the returns are predictable to a large degree. Ignoring the sign of the return helps greatly in predicting the direction of the series. Also, all of the series in this transformation, but one, had estimated fractional parameters that would indicate the presence of …
Opinion On Independent Auditors' Opinions Of Substantial Doubt: A Nasdaq Non-Compliance Evaluation, Jeff Grover, Angeline Lavin
Opinion On Independent Auditors' Opinions Of Substantial Doubt: A Nasdaq Non-Compliance Evaluation, Jeff Grover, Angeline Lavin
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
Allegations of ethical conduct in violation of Sarbanes-Oxley (SOX)-2002 continue. As the investment community and the public witness the trials and convictions of several corporate executives, the impact of the independent Auditor's Opinion (IAO) cannot be understated. This source of unbiased evaluation of a firm's ability to remain as a going-concern is clearly essential. This paper assumes that the IAO contains new information that is useful in evaluating the sustainability of a firm. In this paper, an event study is performed to assess the information content in stock returns prior to and following the lAO announcement week for a group …
Escalating Commitment To Failing Financial Decisions: Why Does It Occur?, John Morgan, James Hansen
Escalating Commitment To Failing Financial Decisions: Why Does It Occur?, John Morgan, James Hansen
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
Research indicates inappropriate escalation of commitment to apparently failing decisions occurs in many areas of life. Examples include doubling-up blackjack bets to recover losses, the too lengthy Vietnam War debacle, and the tendency to continue with financial investments long after they appear to be failing. What motivates such behavior? Two theories presently compete as major explanations for this behavior: the self-justification theory and the prospect theory. This paper compares the two theories to determine which theory better predicts escalation behaviors within au un-confounded and unambiguous context. The research is motivated by the belief that understanding why people escalate is prerequisite …
About Synergy And Dissynergy: Change, Strategic And Chaotic Decision Choices, And Resultant Outcomes, Chris Crawford
About Synergy And Dissynergy: Change, Strategic And Chaotic Decision Choices, And Resultant Outcomes, Chris Crawford
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
Change occurs at a rate quicker than most organizations can strategically respond. In fact, like any gambler, decision making in the current business environment is little more than playing the odds in some cases. Nonetheless, organizations attempting to succeed must try to minimize the chaotic element of decision making through the introduction of strategic thinking. Moving toward strategic thought can sometimes propel organizations into a synergistic spiral of decision making - where one decision reveals further opportunities. Likewise, organizations that fail to prepare for the chaotic will find themselves falling into a dissynergistic spiral where failure breeds even more failure. …
Polychronic Leader: What Would Leadership Research Look Like If We Considered Polychronicity?, David Palmer
Polychronic Leader: What Would Leadership Research Look Like If We Considered Polychronicity?, David Palmer
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
This paper proposes that research in the area of leadership would be enriched and enhanced by the explicit consideration of temporal variables, specifically polychronicity. Effective leadership involves engagement with multiple tasks, activities, and constituencies, often simultaneously. As a construct concerned with multiple task engagement and time use preferences, polychronicity is ideally situated to inform future research studies conducted to investigate a variety of extant leadership theories and traditions.
Transformational Leadership And Cultural Values: Are They Related To Desired Organizational Outcomes?, Josephine Sosa-Fey, Barbara Dastoor
Transformational Leadership And Cultural Values: Are They Related To Desired Organizational Outcomes?, Josephine Sosa-Fey, Barbara Dastoor
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)
Globalization of the marketplace and tile intense competition among multinational corporations makes attainment of organizational goals an imperative. Furthermore, an increasingly culturally diverse workforce challenges twenty-first century leaders to manage employees in ways to maximize desired organizational outcomes. This study investigates the relationships between cultural value variations, transformational leadership, and work-related outcomes. Managers at all levels of the organization will benefit from insights into what motivates workers to higher levels of performance.