Business Commons^™

Do Investors Herd Intraday In Australian Equities?, Julia Henker, Thomas Henker, Anna Mitsios

Thomas Henker

Purpose – The purpose of this research is to consider whether market wide herding occurs intraday.

Design/methodology/approach – Using the 1995 Christie and Huang and the 2000 Chang et al. models, the paper tests whether market wide and industry sector herding occurs intraday in the Australian equities market.

Findings – Neither market wide nor industry sector herding occurs intraday.

Research limitations/implications – Both herding measures focus on one specific type of herding, herding evidenced by changes in the cross-sectional return distribution. Therefore the herding measures are ill suited to capture the effects of period specific abnormally high or low market …

Promoting Investments In Intangible Organizational Assets Through Aligned Incentive Compensation Plans, Susan Hughes, Craig Caldwell, Kathy Paulson Gjerde

Craig B. Caldwell

Evolution Of Corporate Governance Control In Manufacturing Firms, Alberto Nobolo, Francesca Magli

francesca magli

No abstract provided.

Accounting, Education And Research As Infrastructure For A Modernizing Economy, Shyam Sunder

Shyam Sunder

No abstract provided.

International Strategies And Ethics, Jodie Fisher, Ingrid Bonn

Ingrid Bonn

In this paper, we identify and discuss three different levels of ethics that can be implemented by organisations pursuing global, transnational or multinational strategies. Our main argument is that an organisations's approach to ethics depends on its level and type of international strategy adopted. Organisations pursuing global or transnational strategies are likely to regard their approach to ethics as an important strategic decision that needs to be implemented in all subsidiaries around the world. Organisations with multinational strategies are likely to face tension between head-office and subsidiary management if they operate at different levels of ethics.

The Natural Environment, Innovation And Firm Performance: A Comparative Study, Justin Craig, Clay Dibrell

Justin B. Craig

In this article, we investigate the effect of firm-level natural-environment-related policies on innovation and financial performance in family and nonfamily firms. Our findings demonstrate that family firms are better able to facilitate environmentally friendly firm policies associated with improved firm innovation and greater financial performance more effectively than their nonfamily competitors.

Bad Apples In Bad Barrels Revisited: Cognitive Moral Development, Just World Beliefs, Rewards, And Ethical Decision Making, Neal M. Ashkanasy, Carolyn Windsor, Linda K. Trevino

Carolyn Windsor

In this study, we test the interactive effect on ethical decision-making of (1) personal characteristics, and (2) personal expectancies based on perceptions of organizational rewards and punishments. Personal characteristics studied were cognitive moral development and belief in a just world. Using an in-basket simulation, we found that exposure to reward system information influenced managers' outcome expectancies. Further, outcome expectancies and belief in a just world interacted with managers' cognitive moral development to influence managers' ethical decision-making. In particular, low-cognitive moral development managers who expected that their organization condoned unethical behavior made less ethical decisions while high cognitive moral development managers …

Regulation, Competition And Independence In A Certification Society: Certification Of Financial Reports Vs. Baseball Cards, Shyam Sunder

Shyam Sunder

No abstract provided.

Turkiye’De Bankalarin Hizmet Karneleri (Service Report Card Of The Banks In Turkey – In Turkish), Musa Pinar, Zeliha Eser

Musa Pinar

No abstract provided.

Regulation And Markets In A Certification Society, Shyam Sunder

Shyam Sunder

No abstract provided.

Corporate Financial Reporting: By Emergence Or Intelligent Design, Shyam Sunder

Shyam Sunder

No abstract provided.

Regulation, Competition And Independence In A Certification Society: Financial Reports Vs. Baseball Cards, Shyam Sunder

Shyam Sunder

No abstract provided.

Regulation, Competition And Independence In A Certification Society: Financial Reports Vs. Baseball Cards., Shyam Sunder

Shyam Sunder

No abstract provided.

Exploring The Role Of Formal Bodies Of Knowledge In Defining A Discipline/Profession, P Morris, L Crawford, D Hodgson, M Shepherd, J Thomas

Lynn Crawford

Since the mid 1970s, project management associations around the world have made serious attempts to conduct themselves as professional associations. Traditional professions distinguished themselves by emphasising standards such as service to the public and competence in their field, and by ensuring that their membership meets these standards. An important element of a profession is ownership of a body of knowledge that is distinctive to the professional group. Project management associations have spent considerable time and effort in developing Bodies of Knowledge (BOKs) and their associated certification programs, and indeed the popularity of these has been notable. Yet there are problems, …

Information Asymmetry And The Cost Of Going Public, Steven Dolvin

Steven D. Dolvin

No abstract provided.

Enterprises Communication: An Empirical Analysis, Alberto Nobolo, Francesca Magli

Alberto Nobolo

Abstract: Internalization and major changes now under way are taking investors and customers to demand more economics, commercial and social information. Stakeholders are, in fact, facing many opportunities and choices about their investments and purchases. The increase in competition and the birth of many New Economy companies, rather than assuring them and creating more suitable market situations (for example reduction in prices), is bringing more chaos in the knowledge/information on such companies. Enterprises, to satisfy such lack, should push on more communication. For stakeholders safeguard (after Enron, Parmalat and Cirio cracks), the communication changes and becomes more complex and disciplined. …

Practitioner Development: From Trained Technicians To Reflective Practitioners, Lynn Crawford, Peter Morris, Janice Thomas, Mark Winter

Lynn Crawford

The EPSRC funded Rethinking Project Management Network produced several insights into new directions for project management theory and practise, highlighting gaps between current theory and practise in several areas. This paper reviews the discussions around project management practitioner development that arose out of this rethinking process where project management is seen as growing from a predominantly technical skill-set to a broader practise of reflectively managing the things needed to provide a successful project outcome. In particular, the paper identifies and addresses the challenges of developing competent project managers in a world exhibiting increasingly complex project challenges, and when skilled resources …

Enhancing Decision Analysis Models With Web Agents, Jeffrey M. Keisler, Wei Zhang

Jeffrey Keisler

No abstract provided.

The Bad News And The Good News: The Long Term Consequences Of Having Utilized And Alternative Work Arrangement, Margaret Padgett, Lynn Harland, Steve Moser

Margaret Y. Padgett

No abstract provided.

The Impact Of Bank Venture Capital On Initial Public Offerings, Steven Dolvin

Steven D. Dolvin

No abstract provided.

Why I Quit The Railroad, Linda Niemann

Linda G. Niemann

The article presents the author's reasons for leaving her job in the railroad industry. She wasn't thrilled to be force-assigned to the foreman's spot on Union Pacific's Lawrence switcher. Being the junior switchman on the California coast for years, she was used to jobs that weren't so plum. What made it tough were a difficult yardmaster and her help, a switchman who outranked her but didn't want the responsibility of the foreman's spot.

Approches Orientées Services Web De L'Ihm De Supervision : Nouvelles Solutions Technologiques Pour Les Ingénieurs Et Nouvelles Problématiques Pour Les Ergonomes ?, Djilali Idoughi, Christophe Kolski

Professor Djilali IDOUGHI

RESUME Dans cet article, nous considérons l’IHM de supervision dans un contexte technologique nouveau et en constante évolution, lequel est caractérisé par des aspects impor-tants comme la mobilité et la coopération entre acteurs d’une part, et l’inter connectivité, l’interopérabilité et l’hétérogénéité des systèmes industriels utilisés d’autre part. De nouvelles solutions technologiques « attrayan-tes » pour les ingénieurs devraient conduire à de nouvel-les problématiques pour les ergonomes.

Heavy Duty Fleet And Transportation In Iran The Past, The Present Condition, The Future Perspectives And Its Interaction With Economy, Nader Ale Ebrahim, Arash Golnam

Nader Ale Ebrahim

Since the ancient times Iran has always played a significant role in the Transportation Industry due to its strategic position in the silk road that connected Asia to Europe and Middle East to .Ancient Iranians are believed to be the pioneers of land transportation in the world and transportation has always been considered as one of the most ancient and historical Industries in Iran . Nowadays in the third millennium Transportation Industry experts believe that Iran is once more located in a strategic and geopolitical position in the world in which , according to the economic analyses, the Transportation Industry …

Regulation And Markets In A Certification Society, Shyam Sunder

Shyam Sunder

No abstract provided.

Regulation And Markets In A Certification Society, Shyam Sunder

Shyam Sunder

No abstract provided.

Obat Aborsi Batam 082313333279 Jual Obat Aborsi Di Batam - Gugurkan Kandungan 3 Jam, Obat Aborsi Batam

Dr.Rama Jual Obat Aborsi Di Kota Batam 082313333297 Jual Obat Aborsi Di Batam

Externality Effects Of Residential Property Values: The Example Of Noise Disamenities, David Clark

David E. Clark

Studies conducted by the Federal Railroad Administration in the 1990s reveal that train whistle bans lead to higher accident rates at train crossings. However, advocates of these bans argue that they eliminate noise externalities that have a detrimental effect on residential home values. To assess this latter claim, an event study is conducted and hedonic models are estimated for three different areas in which Conrail unilaterally began ignoring local whistle bans. While the findings consistently show that proximity to rail lines has a negative and statistically important influence on home values, there is little evidence that the Conrail decision had …

Depaul's Entrepreneurship Program Ranked Number 2 In The Nation

Dr. Harold Welsch

No abstract provided.

Developing A Multidimensional Instrument To Measure Psychic Distance Stimuli, Douglas Dow, Amal Karunaratna

Douglas Dow

This paper develops and tests a range of potential psychic distance stimuli including differences in culture, language, religion, education, and political systems. Using trade flows amongst a set of 38 nations as the dependent variable, it is shown that, while the majority of the proposed indicators prove to be statistically significant predictors of trade flows, the most common psychic distance surrogate: a composite measure of Hofstede’s cultural dimensions, is not significant.

The Lord Of The Night, Linda Niemann

Linda G. Niemann

The article presents the author's reflection on the management of Southern Pacific after it was acquired by Union Pacific (UP). The year preceding the UP merger, 1995, everyone tried to earn the maximum they could in preparation for whatever union-negotiated guarantee would come down the pike. Downsizing hit this system hard. The union contract did away with the system seniority that provided trainmen the freedom to work anywhere on the railroad.