Open Access. Powered by Scholars. Published by Universities.®

Education Commons

Open Access. Powered by Scholars. Published by Universities.®

2006

Fort Hays State University

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Articles 1 - 30 of 45

Full-Text Articles in Education

Cover, Front Matter & Editorial Board Jan 2006

Cover, Front Matter & Editorial Board

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

No abstract provided.


Impact Of Securitized Real Estate On Portfolio Performance Under Alternative Market Conditions, Marcus Allen, Kenneth Wiant Jan 2006

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 Jan 2006

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 ...


Transformational Mentoring: What Role Does Mentoring Play In The Development Of Transformational Leaders?, Lynda St. Clair, Ronald Deluga Jan 2006

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.


Polychronic Leader: What Would Leadership Research Look Like If We Considered Polychronicity?, David Palmer Jan 2006

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.


Leadership Effectiveness: A "New" Integrative Leadership Model, Raj Selladurai Jan 2006

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.


Determinants Of Option Spreads In A Multiple Listing Environment, Rebecca Abraham, Charles Harrington Jan 2006

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.


Transformational Leadership And Cultural Values: Are They Related To Desired Organizational Outcomes?, Josephine Sosa-Fey, Barbara Dastoor Jan 2006

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.


Role Of Implicit Personality Theory In Leadership Research, Lawrence Silver, Debbie Silver Jan 2006

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.


Continuing Confusion -Are Managers And Leaders Different?, David Curtis Jan 2006

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.


Empirical Study Of Public Bureaucratic And Private Non-Profit Organizations And The Adoption Of A Market Orientation, Leslie Tworoger, Thomas Tworoger Jan 2006

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 ...


Entrepreneur- Investor Negotiations: Investigating The Power Gap, Karen Page, Robert Sprague Jan 2006

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.


About Synergy And Dissynergy: Change, Strategic And Chaotic Decision Choices, And Resultant Outcomes, Chris Crawford Jan 2006

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. The ...


Escalating Commitment To Failing Financial Decisions: Why Does It Occur?, John Morgan, James Hansen Jan 2006

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 ...


Opinion On Independent Auditors' Opinions Of Substantial Doubt: A Nasdaq Non-Compliance Evaluation, Jeff Grover, Angeline Lavin Jan 2006

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 ...


American Social Contract: Retirement, Insurance And Financial Viability, Hedayeh Samavati, Carolyn Stumph, David Dilts Jan 2006

American Social Contract: Retirement, Insurance And Financial Viability, Hedayeh Samavati, Carolyn Stumph, David Dilts

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Since the election of 2004, one burning question has dominated any discussion of the long-term macroeconomic policy of this country. That question is: "will social security remain viable in its current form?" Economists weigh in on a spectrum that ranges from the opinion that social security is not in any trouble to the opinion that social security payments are in immediate peril. This research indicates that, while relatively minor changes of the type the country has undertaken for the last two decades may be necessary, social security is by no means in what any intelligent analyst would consider peril.


2007 Symposium Announcement Jan 2006

2007 Symposium Announcement

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

No abstract provided.


Making The Decision To Outsource A Service Department: Who Should Deliver Internal Audit Services?, Hubert Glover, Jeffrey Mcmillan, Jean Wells Jan 2006

Making The Decision To Outsource A Service Department: Who Should Deliver Internal Audit Services?, Hubert Glover, Jeffrey Mcmillan, Jean Wells

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

The 2001-2003 wave of financial fraudulent reporting, aggressive earnings management, and overall management integrity issues highlight the important role that an internal audit function can have in protecting organizations and demonstrate how important it is that internal auditors operate with independence and objectivity. This paper highlights the issues organizations face when contemplating the internal audit outsourcing market. The illustrative materials provide exposure to the strategic, analytical, financial and operational decisions involved with retaining or outsourcing a corporate internal audit department.


Capstone Approach For Teaching Financial Instruments In Intermediate Financial Accounting, Konrad Gunderson Jan 2006

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 ...


Using Spreadsheet-Based Simulation To Evaluate The Fairness Of The Usga Golf Handicap Index, Andrew Tiger, Kashif Ur-Rehman, Chandra Hurst Jan 2006

Using Spreadsheet-Based Simulation To Evaluate The Fairness Of The Usga Golf Handicap Index, Andrew Tiger, Kashif Ur-Rehman, Chandra Hurst

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Using spreadsheet-based simulation, the USGA Handicap Index was shown to be an unfair statistic in one-on-one and team competition in two common types of scoring: stroke and match play. Experiments were developed in which players of different abilities (based on central tendency and variation) competed against each other over many trials. The results showed that in some situations, based on identifiable differences in abilities, some players won/lost a disproportionate (unfair) number of times. The causes of unfairness are different in one-on-one and team play. Alternative procedures were proposed that proved to reduce the unfairness of the index.


Cover, Front Matter & Editorial Board Jan 2006

Cover, Front Matter & Editorial Board

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

No abstract provided.


Using Executive Coaching As A Tool For Personal And Professional Leadership Development Within Business School Education, Stephen Brock, Deborah Roebuck, Janice Barrow Jan 2006

Using Executive Coaching As A Tool For Personal And Professional Leadership Development Within Business School Education, Stephen Brock, Deborah Roebuck, Janice Barrow

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

This paper reflects what has been learned in using Executive Coaching as fill educational method within an Executive MBA program. Students work in a one-on-one coaching relationship throughout the program. This paper presents a rationale for such an educational method, examines the nature of executive coaching, and introduces a model of coaching used in the program. The article provides lessons learned in creating and implementing this executive coaching program as a tool to develop students as leaders. It concludes with some thoughts regarding executive coaching as an educational method for personal and professional leadership development.


In-Process R&D (Iprd) Write-Off Misclassifications In Compustat: An Econometric Evaluation, Lolita Paff Jan 2006

In-Process R&D (Iprd) Write-Off Misclassifications In Compustat: An Econometric Evaluation, Lolita Paff

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Over the period 1994-1999, for a sample of 57 firms, in-process research and development (IPRD) costs write-offs were reported in the 10-Ks of approximately 12% of the observations. The IPRD amounts ranged from $230,000 to over $16 7 million. In 38% of these cases, Compustat overstated R&D expense by including the IPRD write-off Comparative econometric estimates obtained show larger parameter coefficients when the Compustat's R&D expense data was used. This suggests prior research on R&D tax credit effectiveness based on Compustat data may have been upwardly biased, overstating the tax credit's incentive effects. Policy ...


Neohumility And Business Leadership: Do They Belong Together?, Pareena Lawrence Jan 2006

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 ...


Effect Of Outcome Knowledge On Repeated Performance Evaluations, Russell Calk, Maryanne Mowen Jan 2006

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 Jan 2006

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.


Comprehensive Audit Of The Criteria Used For Scoring Applicants For Consumer Credit, Joel Jolayemi, Linda Carr Jan 2006

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.


Structure Of Organizational Values: An Action Science Perspective, Aaron Buchko Jan 2006

Structure Of Organizational Values: An Action Science Perspective, Aaron Buchko

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

This research examines the values statements of 327 organizations to identify the core values concepts or words that are used by firms to define the fundamental belief systems of the enterprise. One hundred and ten unique words or concepts were identified. Using au action science methodology, 78 practicing managers sorted these words into a classification scheme that resulted in 13 distinct categories of organization values that can be viewed as meta-values or core concepts of organizations.


Board Composition And Control: An Exploratory Analysis Of Organizational Crisis And Prevention, William Donoher Jan 2006

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 be ...


International Business Education And Practices: Chinese "Sea Turtles" And Economic Development, David Pan, Jon Shapiro Jan 2006

International Business Education And Practices: Chinese "Sea Turtles" And Economic Development, David Pan, Jon Shapiro

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

China's rapid economic growth has created a demand for professionals of international competence. Many Chinese go overseas studying and repatriate for this job market. However, expatriates with little job experience are often unemployed for an extended period unless they lower their expectations in coastal cities where economy is vibrant, while few go to inland regions of lesser developed. Thus, expatriates as "Sea Turtles" become "Sea Weeds." This paper addresses the issues determining this transformation by differential economic development. We discuss the current status of expatriate employability and emergent need in China, and also make policy and strategy suggestions.