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Full-Text Articles in Business
A Direct Test Of Rock's Model Of The Pricing Of Unseasoned Issues, Francis Koh, Terry Walter
A Direct Test Of Rock's Model Of The Pricing Of Unseasoned Issues, Francis Koh, Terry Walter
Research Collection Lee Kong Chian School Of Business
Unique data availability and institutional arrangements for new issues in Singapore allow a direct test of the empirical implications of Rock's model of pricing unseasoned new issues. Our empirical results are consistent with the model. Specifically we find that the unseasoned new issues' anomaly disappears when the rationing associated with new issues is incorporated into the analysis. The winner's curse is evident in allocation patterns used in Singapore.
An Empirical Test Of Staw And Ross Prescriptions For The Management Of Escalation Of Commitment Behavior In Organizations, Kenneth J. Dunegan, S L. Barton, D Duchon
An Empirical Test Of Staw And Ross Prescriptions For The Management Of Escalation Of Commitment Behavior In Organizations, Kenneth J. Dunegan, S L. Barton, D Duchon
Management And Labor Relations
Tests two major prescriptions of Staw and Ross about the management of escalation behavior in organizations. Since these prescriptions are primarily based on research using students in controlled settings, the efficacy of the prescriptions was tested in the context of a real, functioning organization. The results provide conditional support for separating initial decision responsibility from subsequent responsibility as a means of reducing escalation behavior. However, the findings did not support a reduction of project failure risk as a means of minimizing escalation of commitment to a failing course of action.
Enhancing Manufacturing Planning And Control Systems Through Artificial Intelligence Techniques, Ronald S. Dattero, John J. Kanet, Edna M. White
Enhancing Manufacturing Planning And Control Systems Through Artificial Intelligence Techniques, Ronald S. Dattero, John J. Kanet, Edna M. White
MIS/OM/DS Faculty Publications
Manufacturing planning and control systems are currently dominated by systems based upon Material Requirements Planning (MRP). MRP systems have a number of fundamental flaws. A potential alternative to MRP systems is suggested after research into the economic batch scheduling problem.
Based on the ideas of economic batch scheduling, and enhanced through artificial intelligence techniques, an alternative approach to manufacturing planning and control is developed. A framework for future research on this alternative to MRP is presented.
Framing The Problem And Making Decisions: The Facts Are Not Enough, Dennis Duchon, Kenneth Dunegan, Sidney L. Barton
Framing The Problem And Making Decisions: The Facts Are Not Enough, Dennis Duchon, Kenneth Dunegan, Sidney L. Barton
Department of Management: Faculty Publications
One hundred ten engineers, scientists, and managers in a high-technology international engineering firm took part in an experiment that assessed the effect of framing on an R&D financial allocation decision. Subtle changes in frame of reference are found to have a powerful effect on decisions and perception of risk. R&D management implications are discussed.
Korean Value Systems And Managerial Practices, Dong Ki Kim, Chong W. Kim
Korean Value Systems And Managerial Practices, Dong Ki Kim, Chong W. Kim
Management Faculty Research
Human beings are by nature sociocultural creatures. Our behavior is influenced not only by traditional value systems but also by contemporary education and training. In the same manner, the managerial practices of Korean managers are strongly influenced by the norms and value systems of the traditional Korean society. But, as the society changes from an agrarian society to an industrialized one, so does the behavior of Korean managers. This chapter focuses on the process of this change. More specifically, it will look at the effects of traditional value systems and those of industrialization on Korean managerial practices.