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Alex Maynard and Dongmeng Ren

We compare the finite sample power of short- and long-horizon tests in nonlinear predictive regression models of regime switching between bull and bear markets, allowing…

Abstract

We compare the finite sample power of short- and long-horizon tests in nonlinear predictive regression models of regime switching between bull and bear markets, allowing for time varying transition probabilities. As a point of reference, we also provide a similar comparison in a linear predictive regression model without regime switching. Overall, our results do not support the contention of higher power in longer horizon tests in either the linear or nonlinear regime switching models. Nonetheless, it is possible that other plausible nonlinear models provide stronger justification for long-horizon tests.

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Essays in Honor of Peter C. B. Phillips
Type: Book
ISBN: 978-1-78441-183-1

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Essays in Honor of Peter C. B. Phillips
Type: Book
ISBN: 978-1-78441-183-1

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Abstract

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Essays in Honor of Peter C. B. Phillips
Type: Book
ISBN: 978-1-78441-183-1

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C. Bram Cadsby, Fei Song and Francis Tapon

We demonstrate in a laboratory experiment that the effectiveness of performance-contingent incentives is inversely related to risk-aversion levels. For about 16.5% of…

Abstract

We demonstrate in a laboratory experiment that the effectiveness of performance-contingent incentives is inversely related to risk-aversion levels. For about 16.5% of participants, performance fails to improve under performance-pay, and the probability of such failure increases with risk-aversion. This phenomenon works in part through the reduced effort level of more risk-averse individuals when effort level is positively correlated with risk exposure. It is also associated with higher self-reported levels of stress by more risk-averse people working under performance-contingent pay. We find no evidence of such stress causing decrements in the quality of effort affecting performance after controlling for effort level. However, controlling for effort, more risk-averse participants perform better under a fixed salary, leaving less room for improvement under performance-pay.

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Experiments in Organizational Economics
Type: Book
ISBN: 978-1-78560-964-0

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The Peace Dividend
Type: Book
ISBN: 978-0-44482-482-0

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A World Beyond Work?
Type: Book
ISBN: 978-1-78769-143-8

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Article

Chia-Huei Wu, Amy Wei Tian, Aleksandra Luksyte and Christiane Spitzmueller

The purpose of this paper is to offer an autonomous motivation perspective to explore the relationship between perceived overqualification and adaptive work behavior and…

Abstract

Purpose

The purpose of this paper is to offer an autonomous motivation perspective to explore the relationship between perceived overqualification and adaptive work behavior and examine job autonomy as a factor that may moderate the association.

Design/methodology/approach

The hypotheses were tested in two culturally, demographically, and functionally diverse samples: sample 1 was based on North American community college employees (n=215); sample 2 was based on full-time workers, employed in a Chinese state-owned enterprise specializing in shipping (n=148).

Findings

In study 1, perceived overqualification was negatively related to self-rated adaptive behavior. A follow-up study 2 extended these findings by demonstrating that perceived overqualification was negatively related to supervisor-rated adaptive work behavior when job autonomy was low, rather than high.

Research limitations/implications

The results of this research offer an autonomous motivation perspective to explain why perceived overqualification relates to adaptive behavior and suggests a job design approach to encourage adaptive behaviors of people who feel overqualified – a sizable segment of the current workforce.

Originality/value

This is one of the first studies to explore adaptive behavior of workers who feel overqualified – an outcome that has not been examined in this domain. The findings further point out what can be done to encourage adaptive behaviors among overqualified employees.

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Personnel Review, vol. 46 no. 2
Type: Research Article
ISSN: 0048-3486

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Article

Ruth J. Tully and Alex Barrow

There is limited research on Cognitive Analytic Therapy (CAT) in forensic contexts; this case study therefore significantly contributes to the knowledge base. The purpose…

Abstract

Purpose

There is limited research on Cognitive Analytic Therapy (CAT) in forensic contexts; this case study therefore significantly contributes to the knowledge base. The purpose of this paper is to present the assessment and treatment of an adult male offender with a diagnosis of schizophrenia. The client’s offence involved intimate partner violence and was committed at a time of acute psychiatric relapse.

Design/methodology/approach

In total, 12 sessions of cognitive behavioural therapy and CAT informed treatment were individually designed to meet the needs of the client, delivered in an in-patient setting in the UK. The client’s progress was assessed using psychometric, observational, and narrative/descriptive methods.

Findings

Psychometric evidence was limited by distorted responding. However, narrative/descriptive assessment indicated that progress had been made in some areas. Recommendations for further treatment were made.

Practical implications

In total, 12 sessions did not meet all of the client’s needs. The use of CAT as a model that his team could use in understanding his violence was conducive to risk management. Overall, insight gained through CAT-based psychological intervention contributed to risk reduction.

Originality/value

This case study demonstrates the applicability of CAT to forensic settings.

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Journal of Aggression, Conflict and Peace Research, vol. 9 no. 2
Type: Research Article
ISSN: 1759-6599

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Article

It is all too easy, in the wake of september 11, to point the finger of blame for the current economic depression towards those responsible for the Twin Towers…

Abstract

It is all too easy, in the wake of september 11, to point the finger of blame for the current economic depression towards those responsible for the Twin Towers’ destruction. It is clear however, that for the auto industry, the origins of the problems it is experiencing began long before that ‐ sown in the over‐optimistic days of the mid to late 1990s. As the last decade of the Millennium rushed to a close, Ford was in a commanding position. New CEO Jacques A Nasser had inherited a company bolstered by very strong truck sales, with profits up more than 60 percent to $7.2 billion. It was a time when anything seemed possible.

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Article

Noora Kokkarinen, Andy Shaw, Jeff Cullen, Montserrat Ortoneda Pedrola, Alex Mason and Ahmed Al-Shamma’a

The purpose of this paper is to outline the level of audible carbon monoxide (CO) alarm ownership. In this particular paper the data collected by the fire and rescue…

Abstract

Purpose

The purpose of this paper is to outline the level of audible carbon monoxide (CO) alarm ownership. In this particular paper the data collected by the fire and rescue services from West Midlands and Merseyside will be analysed, and discussed.

Design/methodology/approach

Research was conducted in two stages. Using the indices of multiple deprivation identified whether households in the top and bottom four areas owned an audible alarm. In stage two data loggers were placed into homes to take readings every minute for a total period of three days to three weeks.

Findings

There was a noticeable trend that deprived areas were less likely to own audible CO alarms than homes in non-deprived areas. All homes surveyed in stage two had CO levels >0 which further emphasises that anyone can be under health risk and that perhaps the maintenance of gas appliances and other sources is not being conducted at regular intervals.

Social implications

This paper aims to raise awareness regarding not only the symptoms during CO poisoning but also the ones that have been reported to occur after treatment. It will also disseminate information as to what areas have low alarm ownership and thus more at risk of poisoning. It is hoped that findings from papers such as this one will promote more stringent maintenance and replacement requirements for gas or solid fuel appliances.

Originality/value

Pilot study for the comparison of two English cities has not been conducted before and may lead to more studies of this kind.

Details

Smart and Sustainable Built Environment, vol. 3 no. 1
Type: Research Article
ISSN: 2046-6099

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