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1 – 10 of over 20000Career anchor theory developed by Ed Schein in 1978 has been subject to limited further research, despite being widely used as a career tool within organisations. This…
Abstract
Career anchor theory developed by Ed Schein in 1978 has been subject to limited further research, despite being widely used as a career tool within organisations. This article describes the importance of career anchor data for organisational as opposed to individual use and reports on a study of the career anchors of 374 employees in the UK. The results show that age, gender and length of service have no significant effect on the distribution of anchors, although there are grade‐related differences. Suggestions are made on how career anchor distribution data could be used by organisations to determine appropriate career development strategies.
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Lidija Frgić, Pavao Marović and Krešimir Tor
This paper discusses the pullout capacity of spatial anchors in soil under applied vertical force. In field tests, the pullout forces were gradually increased and the…
Abstract
This paper discusses the pullout capacity of spatial anchors in soil under applied vertical force. In field tests, the pullout forces were gradually increased and the ground surface displacements measured in two profiles perpendicular to each other. The laboratory and field tests were performed for several embedment depths and anchor diameter ratios in the same sand and under the same conditions. The anchor pulling was also laboratory‐tested so that the vertical anchor displacements were given and the corresponding force intensity measured. The finite element method was used for the pullout force computation in test cases. The relations between displacements and pullout forces obtained by the laboratory tests, field tests and numerical computations were statistically analysed. Owing to gradual convergence of pullout forces towards the limit value, the exponential function was adopted as an approximation curve. The two obtained constants of the function represent the significant mechanical characteristics. The first is limit pullout force and the second gives the total stiffness of the soil mechanical system.
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Ying-Feng Kuo, Cheng-Han Lin and Jian-Ren Hou
Crowdfunding allows enterprises or individuals to collect funds from numerous other individuals. This study applies the anchoring effect and range theory in reward-based…
Abstract
Purpose
Crowdfunding allows enterprises or individuals to collect funds from numerous other individuals. This study applies the anchoring effect and range theory in reward-based crowdfunding to explore how different pledge option designs affect the backers' final pledge amount. Moreover, this study examines whether showing the current average amount pledged in the fundraising process has an anchoring effect on the subsequent backers' pledge amount.
Design/methodology/approach
Online experiments were conducted, and data were analyzed using the Kruskal–Wallis test and Spearman rank correlation analysis.
Findings
Results show that among the three pledge option designs, employing the “bolstering range offer” has the highest backing amount. However, presenting the current average amount pledged in the fundraising process has a reversed anchoring effect on subsequent backers' pledge amount only in the case of a crowdfunding project in the physical goods category with a “point offer.”
Originality/value
To the best of authors’ knowledge, no reward-based crowdfunding platform has yet provided the pledge option design of a “bolstering range offer.” This study reveals that the “bolstering range offer” can significantly increase the amount pledged. This study extends the crowdfunding research area to crowdfunding success and suggests a novel way to set up pledges.
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Peter Palm and Magnus Andersson
The purpose of this study is to evaluate the impact of theoretical knowledge related to financial behaviour and especially anchor effects.
Abstract
Purpose
The purpose of this study is to evaluate the impact of theoretical knowledge related to financial behaviour and especially anchor effects.
Design/methodology/approach
The study design is based upon an experiment divided into two parts, before and after the development of the course curriculum for the course introducing behavioural finance for undergraduate real estate students.
Findings
The study concludes that the anchor effect is persistent also after introducing theoretical knowledge regarding financial behaviour and anchor effects. To conclude the results, in this study, indicates that the appraisal of properties are dependent on the individual’s cognitive capacity to mitigate anchor effects. There are epistemological assumptions underlying the belief in the individuals’ capacity to handle anchor effects that might provide biased appraisals. These assumptions need to be carefully tested and treated to increase the accuracy of property appraisals.
Practical implications
The study result also highlights the possibility that current literature in valuation, and learning activities, does not emphases and stimulate readers to critical thinking. This paper would, therefore, propose also other real estate education programmes to be aware of the potential lack of critical thinking among the students.
Originality/value
It provides an insight regarding how appraisal of properties is dependent on the individual’s cognitive capacity to mitigate anchor effects.
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Barbara S. White, Bruce I. Davidson and Zoe Cullen
Schein (1985) defines a career anchor as a person's perceived area of competence, values, and motives that he or she would not want to forfeit when faced with a career…
Abstract
Schein (1985) defines a career anchor as a person's perceived area of competence, values, and motives that he or she would not want to forfeit when faced with a career decision that might prevent him or her from fulfilling it. Hardin, Stocks and Graves (2001) utilized Schein's Career Orientation Inventory to determine the predominant career anchors of Certified Public Accountants (CPAs) and to investigate the relationship of CPA career anchor and job setting. This chapter builds on the Hardin et al. study and focuses on the younger professional accountant. This younger generation of accountants are part of the millennial generation, which prior research has indicated vary significantly in their wants, values, and desires for an employment situation. Based on the survey results, 46.1% of the millennials possess a Lifestyle career anchor, 18.0% possess a Security career anchor, and 12.4% possess a Service career anchor. Each of the other five career anchors were selected by fewer than 8.0% of the respondents. The results suggest the career anchors of today's millennial professional accountants differ from those of professional accountants some 15 years ago. In particular, the Security career anchor is far more prevalent than in the past, which suggests millennial accountants have an increased interest in job security. This research provides important information to organizations seeking to recruit and retain young accounting professionals. Similarly, young professionals should be aware of their career anchor, so they can manage their career choices, rather than conform to choices that others make for them.
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Hamed Arefizadeh and Hadi Shahir
Anchorage with concrete bearing pad is commonly used in Iran for stabilization of excavations because of the ease of construction, less costs and less time consumption…
Abstract
Purpose
Anchorage with concrete bearing pad is commonly used in Iran for stabilization of excavations because of the ease of construction, less costs and less time consumption than the soldier pile method. In this method, a wall facing which includes the concrete bearing pads at the location of the anchors and a shotcrete layer between the bearing pads is constructed parallel to the excavation operation similar to the nailing method.
Design/methodology/approach
In this paper, using the finite element software Abaqus, a three-dimensional model of the above-mentioned type of wall is constructed, and the effect of spacing and size of bearing pads on the wall behavior is discussed.
Findings
According to the obtained results, the size of the concrete bearing pads has little effect on wall deformations, but the internal forces and bending moments developed in the shotcrete layer between the bearing pads are greatly influenced by the bearing pads dimensions and spacing.
Originality/value
Owing to the discrete elements of the wall facing, the behavior of this system is completely three-dimensional.
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Seyyed Pouya Alavinezhad and Hadi Shahir
The purpose of this study is to present a diagram for the lateral earth pressure of c–φ soils exerted on anchored walls in presence of surcharge.
Abstract
Purpose
The purpose of this study is to present a diagram for the lateral earth pressure of c–φ soils exerted on anchored walls in presence of surcharge.
Design/methodology/approach
To this end, two-dimensional plane strain modeling of anchored wall was carried out in Plaxis software. To validate the numerical model, two excavations with different specifications were simulated and the model results were compared with the available results. Subsequently, a parametric analysis was done and based on its results, a diagram was proposed for the lateral earth pressure of c–φ soils including the surcharge effects.
Findings
The proposed diagram without the surcharge and cohesion effects is a trapezoidal with zero value at the ground surface that is linearly approaching the apparent earth pressure of sand according to Terzaghi and Peck (1967) at 0.1H (H: wall height). The surcharge and cohesion effects at the ground level is 4 Ka*q and 0, respectively, and below 0.1H, they are treated as the same way for lateral earth pressure of a retaining wall. It should be emphasized that the apparent pressure diagram for design does not resemble the real distribution of earth pressure against the wall and it is for calculating the values of the anchors loads.
Originality/value
The available diagrams to determine the earth pressure exerted on the anchored walls are related to sandy or clayey soils and do not take the presence of surcharge into account. Thus, the proposed diagram is quite original and different from the previous ones.
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In uncertain environments, top managers may be inadvertently affected by the anchor information and make sticky decisions. The purpose of this paper is to examine how…
Abstract
Purpose
In uncertain environments, top managers may be inadvertently affected by the anchor information and make sticky decisions. The purpose of this paper is to examine how anchoring influences international merger and acquisition (M&A) equity decisions.
Design/methodology/approach
Based on the data of Chinese international M&A deals from 2007 to 2018, this paper uses the Tobit regression method to examine the anchoring effects on international M&A equity decisions.
Findings
The study shows that the acquiring firm's previous international M&A equity level as a self-generated anchor has a positive impact on the focal international M&A equity level. The local market's previous international M&A equity level as an externally provided anchor has a positive impact on the focal international M&A equity level. When there are self-generated anchors and externally provided anchors, the self-generated anchoring effect is stronger than the externally provided anchoring effect. The anchoring effect is stronger when the acquiring firm enters less stable host countries.
Research limitations/implications
The acquirers in a single-country context may limit the generalizability of the results, and this study does not explicitly determine whether managers' decisions are unintentional or deliberate.
Originality/value
The study contributes to the discussion of equity-based foreign entry mode decisions by exploring anchoring behavior in strategic decisions. It provides an empirical investigation of the different anchoring effects and draws attention to the boundary conditions surrounding anchoring.
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