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Faculty Publications

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Articles 1441 - 1470 of 1801

Full-Text Articles in Business

Entrepreneur As Change Agent: Antecedents And Moderators Of Individual-Level Philanthropic Behavior, Joseph E. Coombs, Abbie J. Shipp, Lisa Jones Christensen Jan 2008

Entrepreneur As Change Agent: Antecedents And Moderators Of Individual-Level Philanthropic Behavior, Joseph E. Coombs, Abbie J. Shipp, Lisa Jones Christensen

Faculty Publications

What motivates entrepreneurs’ philanthropic acts? Philanthropy has been key to American social and cultural development, and it is also a major driver, along with entrepreneurship, of the American economy. To help researchers better understand the antecedents of entrepreneurs’ philanthropic giving, we develop a theoretical model of individual-level philanthropic actions. As antecedents of philanthropic actions in our model, we include three theoretical constructs (immortality striving, legacy creation, and generativity) from the psychology and social psychology literatures. We also propose several variables that we expect to moderate these relationships including entrepreneur age, gender, religious orientation, and wealth. Lastly, we offer directions for …

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Momentum, Reversal, And Uninformed Traders In Laboratory Markets, Robert J. Bloomfield, William B. Tayler, Flora H. Zhou Jan 2008

Momentum, Reversal, And Uninformed Traders In Laboratory Markets, Robert J. Bloomfield, William B. Tayler, Flora H. Zhou

Faculty Publications

We report the results of three experiments based on the model of Hong and Stein (1999). Consistent with the model, results show that when informed traders do not observe prices, uninformed traders generate long-term price reversals by engaging in momentum trade. However, when informed traders also observe prices, uninformed traders generate reversals by engaging in contrarian trading. Results suggest that a dominated information set is sufficient to account for the contrarian behavior observed among individual investors, and that uninformed traders may be responsible for long-term price reversals but play little role in driving short-term momentum.

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Margin Trading, Overpricing, And Synchronization Risk, Sanjeev Bhojraj, Robert J. Bloomfield, William B. Tayler Jan 2008

Margin Trading, Overpricing, And Synchronization Risk, Sanjeev Bhojraj, Robert J. Bloomfield, William B. Tayler

Faculty Publications

We provide experimental evidence that relaxing margin restrictions to allow more short selling can exacerbate overpricing, even though it reduces equilibrium price levels. This is because smart-money traders initially profit more by front-running optimistic investor sentiment than by disciplining prices. When short selling is not possible, competitive pressures among arbitrageurs rapidly drive prices to the equilibrium. However, the risk of margin calls slows the convergence process, because arbitrageurs who sell short too early face substantial losses if they are unable to synchronize their trades with other arbitrageurs (as in Abreu and Brunnermeier. 2002. Journal of Financial Economics 66(2–3):341–60; 2003. Econometrica …

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Sophistication, Bridging The Gap, And The Likelihood Of Confusion: An Empirical And Theoretical Analysis, Glenn L. Christensen, Eric D. Derosia, Thomas R. Lee Jan 2008

Sophistication, Bridging The Gap, And The Likelihood Of Confusion: An Empirical And Theoretical Analysis, Glenn L. Christensen, Eric D. Derosia, Thomas R. Lee

Faculty Publications

Recent commentary has rightly lamented the uncertain state of the multifactor test for trademark infringement. “This heuristic device is the fulcrum of American trademark law,” yet the courts are in substantial disagreement as to which factors are relevant to an evaluation of the likelihood of confusion. The doctrinal divide is substantial: “Some circuits claim to weigh heavily under certain factors what other circuits claim to ignore, and nearly every factor or combination of factors has been called the ‘most important’ by one court or another.”

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Knowing When To Quit: Do Optimism And Overconfidence Cloud Investor Judgment?, Clive Muir Nov 2007

Knowing When To Quit: Do Optimism And Overconfidence Cloud Investor Judgment?, Clive Muir

Faculty Publications

No abstract provided.

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Managerial Integrity: Are Black Employees More Sensitive To Behavioral Breaches?, Clive Muir Nov 2007

Managerial Integrity: Are Black Employees More Sensitive To Behavioral Breaches?, Clive Muir

Faculty Publications

No abstract provided.

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Skipper-Craft, Geoffrey D. Reynolds Nov 2007

Skipper-Craft, Geoffrey D. Reynolds

Faculty Publications

Skipper Craft is an article covering the history of Skipper-Craft Boats of Holland, Michigan, from 1952-1960 and includes images of examples of models made by this company, founded by Jason Petroelje.

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Template Use And The Effectiveness Of Knowledge Transfer, Robert J. Jensen, Gabriel Szulanski Nov 2007

Template Use And The Effectiveness Of Knowledge Transfer, Robert J. Jensen, Gabriel Szulanski

Faculty Publications

This paper is a direct empirical examination of the fundamental claim that use of templates enhances the effectiveness of knowledge transfer. We explore the effect of template use through an eight-year, in-depth field investigation of Rank Xerox (now Xerox Europe). The field investigation covers three sequential transfer efforts in 15 western European countries. The investigation reveals a naturally occurring, repeated-treatment quasi experiment that allows us to test the hypothesis that the use of templates enhances the effectiveness of knowledge transfer. "Observation" in this experiment measure the extent of adoption and performance of the practice at the recipient units. The "treatment" …

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Treatment Of Legal Fees Incurred By Individuals, Annette M. Nellen Oct 2007

Treatment Of Legal Fees Incurred By Individuals, Annette M. Nellen

Faculty Publications

If the origin of a claim that generated legal fees is personal, the fees are not deductible. Possible favorable treatment for legal fees includes either above-the-line deductions or adjustments to basis or selling price in a property transaction. Some taxpayers have claimed described legal fees in such a way that they directly reduce the related income.

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Abusive Supervision, Upward Maintenance Communication, And Subordinates' Psychological Distress, Bennett J. Tepper, Sherry E. Moss, Daniel E. Lockhart, Jon C. Carr Oct 2007

Abusive Supervision, Upward Maintenance Communication, And Subordinates' Psychological Distress, Bennett J. Tepper, Sherry E. Moss, Daniel E. Lockhart, Jon C. Carr

Faculty Publications

This study reanalyzes data from Tepper's (2000) two-wave study regarding the effects of subordinates' perceptions of supervisory abuse to assess previously unexamined relationships. As predicted, we found that subordinates who more rather than less strongly perceived that they had been abused by supervisors tended to use regulative maintenance tactics with higher frequency. Further, the positive relationship between abusive supervision and subordinates' psychological distress was exacerbated by subordinates' use of regulative maintenance communications, and that relationship was reduced by subordinates' use of direct maintenance communication. Theoretical and practical implications are discussed.

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Leadership Through Storytelling, Clive Muir Sep 2007

Leadership Through Storytelling, Clive Muir

Faculty Publications

No abstract provided.

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Understanding The Effectiveness Of Product Placement: The Roles Of Placement Congruency And Information Processing, Kavita Jayaraman, Jing Zhang Aug 2007

Understanding The Effectiveness Of Product Placement: The Roles Of Placement Congruency And Information Processing, Kavita Jayaraman, Jing Zhang

Faculty Publications

This project examined the influence of placement congruency and information processing on the effectiveness of product placement in a TV sitcom. In an experiment, we found that compared to an incongruently placed product, a congruently placed product elicited lower level of product recall, but more favorable product attitudes among respondents. Moreover, this attitudinal effect was more pronounced when the respondents engaged in incidental (vs. deliberate) information processing when they watched the TV program.

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A Cultural Models Approach To Service Recovery, Glenn L. Christensen, Gaby Odekerken-Schröder, Torsten Ringberg Jul 2007

A Cultural Models Approach To Service Recovery, Glenn L. Christensen, Gaby Odekerken-Schröder, Torsten Ringberg

Faculty Publications

Service recovery research remains conflicted in its understanding of consumers’ recovery expectations and of why similar goods or service failures may lead to different recovery expectations. The authors argue that this conflict results from the assumption that consumer recovery expectations are monolithic and largely homogeneous, driven mainly by behavioral, relational, or contextual stimuli. Instead, recovery scenarios involving high-involvement (i.e., self-relevant) goods and service failures may activate closely held, identity-related cultural models that, though ultimately applied to regain balance (a foundational schema), differ according to their sociocultural heritage and create a range of unique consumer recovery preferences. The authors empirically identify …

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Crime And Punishment: Does Punishment Work?, David J. Cherrington Apr 2007

Crime And Punishment: Does Punishment Work?, David J. Cherrington

Faculty Publications

Most analyses of punishment seem to assume that it plays a major role in shaping the behavior of people, whether they are children, students, employees, or ordinary citizens in the community. Some people argue that there is no justification for the use of punishment in any setting, even childrearing. A bill debated in the 2007 California state legislature that would make spanking illegal appears to be a move in this direction. Others believe that there are times when punishment is the most effective and timely way to change behavior and without it homes, schools, organizations, and societies would disintegrate. Does …

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Computer Application Employability Skills, S. Ann Wilson Mar 2007

Computer Application Employability Skills, S. Ann Wilson

Faculty Publications

Among the skills that employers have desired of new employees over the years, computer literacy still ranks very highly. In fact, according to the National Association of Colleges and Employers’ (NACE) 2006 Job Outlook survey, these skills include: (1) Communication skills (verbal and written); (2) Honesty/integrity; (3) Teamwork skills (works well with others); (4) Strong work ethic; (5) Analytical skills; (6) Flexibility/adaptability; (7) Interpersonal skills (relates well to others); (8) Motivation/Initiative; (9) Computer skills; and (10) Detail-oriented. No definition for computer skills was given. The Michigan State University’s Alumni Career Services lists the results of a 1995 Collegiate Employment Research …

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Fairness From The Top: Perceived Procedural Justice And Collaborative Problem Solving In New Product Development, John B. Bingham, Haiyang Li, Elizabeth E. Umphress Mar 2007

Fairness From The Top: Perceived Procedural Justice And Collaborative Problem Solving In New Product Development, John B. Bingham, Haiyang Li, Elizabeth E. Umphress

Faculty Publications

The literature on new product development has examined several important determinants of collaboration among project members. However, we are not aware of any study that links top management decisions with project members’ collaborative behavior. To address this significant gap, this study examines how perceived procedural justice in top management decisions regarding new products is related to collaborative problem solving among new product development project members. Our results from 109 technology firms—as well as from 91 student-based project groups—suggest that perceived procedural justice in top management decisions is positively related to collaborative problem solving among project members, and that collaborative problem …

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Tapping The Subjective Values Present In Negotiations: Face, Feelings, And Friendships, Clive Muir Feb 2007

Tapping The Subjective Values Present In Negotiations: Face, Feelings, And Friendships, Clive Muir

Faculty Publications

No abstract provided.

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Relationship-Building And Sales Success: Are Climate And Leadership Key?, Clive Muir Jan 2007

Relationship-Building And Sales Success: Are Climate And Leadership Key?, Clive Muir

Faculty Publications

No abstract provided.

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When Management Override Negates Common Sense, Kelly Noe, Violet Rogers Jan 2007

When Management Override Negates Common Sense, Kelly Noe, Violet Rogers

Faculty Publications

Write OK per big boss across the invoice and everything is fine! Or is it? This paper analyzes the human factor link related to the Debra Valice Case. The human factor is the weakest link of any internal control system. Understanding the human factors that cause people to not follow the rules, is key to strengthening this link. This research will utilize the human factors adapted from the Independence Education Program to analyze the DebraValice Case. Valice was responsible for ensuring a secure internal control system. The Chief Executive Officer was able to manipulate this system and unauthorized payments were …

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Engagement Risk: Perceptions And Strategies From Audit Partners, Jack R. Ethridge, Treba Marsh, Bonnie Revelt Jan 2007

Engagement Risk: Perceptions And Strategies From Audit Partners, Jack R. Ethridge, Treba Marsh, Bonnie Revelt

Faculty Publications

The audit function creates several important relationships among the various parties. One of the significant and potentially problematic relationships is between the audit firm and the audit client. The decision by the audit firm to accept or retain a client is crucial because of the potential risk of being associated with certain clients. The potential damage can range from financial loss and/or loss of prestige to the ultimate demise of the audit firm. Engagement risk is considered to be composed of three components: entity’s business risk, audit risk, and auditor’s business risk. This research questioned whether audit firms have significantly …

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The Global Significance Of Locus Of Control In Ethical Decision Making: A Multi-Country Examination Of University Students, Aileen Smith, Evelyn C. Hume, Ray Zimmermann, Alan Davis Jan 2007

The Global Significance Of Locus Of Control In Ethical Decision Making: A Multi-Country Examination Of University Students, Aileen Smith, Evelyn C. Hume, Ray Zimmermann, Alan Davis

Faculty Publications

Locus of control (LOC) is a personality variable shown to possess potential explanatory power in the study of ethical decision making. There have been, however, diverse results reported in the literature. Whenever differences on this variable are indicated by the research, individuals with an Internal LOC report the more ethical responses. This study extends the examination of the global relevance of the LOC variable to ethical decision making of university students in thirteen universities from eight countries. Using an instrument designed to elicit responses to questionable academic behaviors, this research analyzes ethical responses of university students (n=2,420) to look for …

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Was The Accounting Profession Really That Bad?, Elizabeth K. Jenkins, W. Donnelly, T. Black Jan 2007

Was The Accounting Profession Really That Bad?, Elizabeth K. Jenkins, W. Donnelly, T. Black

Faculty Publications

To gain insight into the extent of malpractice in the State of California prior to the Passage of Sarbanes-Oxley, we examined the nature and magnitude of complains filed with the California Board of Accountancy (CBA) against both licensed and unlicensed accountants during the fiscal years 2000, 2001, and 2002. The CBA currently licenses and regulates over 73,000 licenses, with 1,431 complaints filed during the period reviewed. Disciplinary actions were taken against 283 different licensees for the three fiscal years reviewed. SEC issues were involved in 19 cases, theft or embezzlement 46 cases, public accounting malpractice 146 cases, improper retention of …

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Tackling The Monday Morning Quarterback: Applications Of Hindsight Bias In Decision-Making Settings, T. A. Louie, Mahesh N. Rajan, Robert E. Sibley Jan 2007

Tackling The Monday Morning Quarterback: Applications Of Hindsight Bias In Decision-Making Settings, T. A. Louie, Mahesh N. Rajan, Robert E. Sibley

Faculty Publications

Extant research has focused largely on what causes hindsight distortion. In contrast, this work examines applied aspects related to the bias in decision-making environments. A conceptual framework is provided and recent real–world examples are presented to outline how decision makers—and those who observe them—show hindsight effects. Then, both negative and positive consequences of the bias are outlined. Strategies are presented to reduce negative effects that occur when decision makers show hindsight distortion. Finally, because it is often not possible to avoid or to correct others' hindsight–tainted evaluations, suggestions for coping with the bias are discussed.

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Outsourcing In Biopharmaceutical Industry: India's Value Propositions, S. Dhar, Mahesh N. Rajan Jan 2007

Outsourcing In Biopharmaceutical Industry: India's Value Propositions, S. Dhar, Mahesh N. Rajan

Faculty Publications

In this paper we discuss the rationale behind biopharmaceutical outsourcing. We then discuss the benefits, challenges, current trends and market opportunities. From January 2005, India has agreed to comply with the product patent protection in accordance with the obligation under the TRIPS Agreement of the WTO. This has created new opportunities as well as challenges for the Indian biopharmaceutical companies. We analyze the value proposition of India as a suitable destination for outsourcing in biopharmaceutical industry in this new business environment. This research will help managers to understand the benefits of biopharmaceutical outsourcing along with its challenges under the current …

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Do Bulls And Bears Listen To Whispers?, Janis K. Zaima, M. A. Harjoto Jan 2007

Do Bulls And Bears Listen To Whispers?, Janis K. Zaima, M. A. Harjoto

Faculty Publications

A post-earnings announcement drift associated with the market reaction to analyst forecasts errors remains a puzzle. This study suggests that whispers help to explain part of the puzzle. The study examines the market reaction to whispers and analysts in bull and bear markets, and finds that investors listen to whispers in the bull market and whispers help explain the post-announcement drift. In a bear market, reaction to whispers is significantly positive prior to announcement despite a down market, indicating optimism by investors who follow whispers. However, in the bear market, both whispers and analysts contribute to the post-announcement drift.

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Boosted Classification Trees And Class Probability/Quantile Estimation, David Mease, A. Wyner, A. Buja Jan 2007

Boosted Classification Trees And Class Probability/Quantile Estimation, David Mease, A. Wyner, A. Buja

Faculty Publications

The standard by which binary classifiers are usually judged, misclassification error, assumes equal costs of misclassifying the two classes or, equivalently, classifying at the 1/2 quantile of the conditional class probability function P[y = 1jx]. Boosted classification trees are known to perform quite well for such problems. In this article we consider the use of standard, off-the-shelf boosting for two more general problems: 1) classification with unequal costs or, equivalently, classification at quantiles other than 1/2, and 2) estimation of the conditional class probability function P[y = 1jx]. We first examine whether the latter problem, estimation of P[y = 1jx], …

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From The Classroom To The Boardroom: How Understanding 'The Rules' Of Dating Can Help Undergraduate Business Students Practice 'The Rules' Of Effective Career Communication, Marilyn K. Easter, T Clark, M Clark Jan 2007

From The Classroom To The Boardroom: How Understanding 'The Rules' Of Dating Can Help Undergraduate Business Students Practice 'The Rules' Of Effective Career Communication, Marilyn K. Easter, T Clark, M Clark

Faculty Publications

No abstract provided.

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Experience Economy Strategies: Adding Value To Small Rural Businesses, Ann Marie Fiore, Linda Niehm, Haemoon Oh, Miyoung Jeong Jan 2007

Experience Economy Strategies: Adding Value To Small Rural Businesses, Ann Marie Fiore, Linda Niehm, Haemoon Oh, Miyoung Jeong

Faculty Publications

Many Extension programs designed to enhance rural economic development have focused on development of value-added goods, particularly agricultural goods. The Experience Economy perspective suggests that economic development should also include value-added consumer experiences offered by an array of small rural businesses, such as retail, hospitality, tourism, and restaurant establishments. This article introduces Experience Economy strategies and elements of business offerings that create experiential value and provides a tool to help small business operators assess and enhance their experiential offerings that generate value for consumers.

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Vendor-Owned Inventory Management Arrangements In Retail: An Agency Theory Perspective, Manus Rungtusanatham, Elliot Rabinovich, Bryan Ashenbaum, Cynthia Wallin Blair Jan 2007

Vendor-Owned Inventory Management Arrangements In Retail: An Agency Theory Perspective, Manus Rungtusanatham, Elliot Rabinovich, Bryan Ashenbaum, Cynthia Wallin Blair

Faculty Publications

This paper undertakes two related tasks to augment current understanding regarding vendor-owned inventory management (VOIM) arrangements implemented in the retail industry. The first task formally juxtaposes three prevalent forms of VOIM arrangements (i.e., Consignment, Pay-On-Scan, and Scan-Based Trading) to one another and identifies three dimensions (i.e., Relevant Data Visibility, Timeliness of Information Release, and Shrink Responsibility) that serve to discriminate among them. The second task applies an Agency Theory lens to uncover differing profiles of characteristics underlying the retailer-vendor relationship across the Consignment, Pay-On-Scan, and Scan-Based Trading arrangements. These conceptual results contribute to and have implications for the science and …

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It’S Sho Time! Short-Sale Price-Tests And Market Quality, Karl B. Diether, Kuan-Hui Lee, Ingrid M. Werner Jan 2007

It’S Sho Time! Short-Sale Price-Tests And Market Quality, Karl B. Diether, Kuan-Hui Lee, Ingrid M. Werner

Faculty Publications

We examine the effects of the SEC mandated temporary suspension of short-sale price-tests for a set of Pilot securities. While short-selling activity increased both for NYSE and NASDAQ-listed Pilot stocks, returns and volatility at the daily level are unaffected. NYSE-listed Pilot stocks experience more symmetric trading patterns and a slight increase in spreads and intraday volatility after the suspension while there is a smaller effect on market quality for NASDAQlisted Pilot stocks. The results suggest that the effect of the price-tests on market quality can largely be attributed to the distortions in order flow created by the price-tests in the …

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