Search results

Every day businesses face investment decisions—and managers can now buy software packages that let the computer do the work. Or they can squeeze the extra work out of a standard package such as Lotus 1–2–3, which currently has more than a million users. Let's review what's involved in screening investment decisions and investigate how managers could use software with which they're already familiar to analyse investment alternatives.

The purpose of this paper is to argue that the time is ripe to establish a powerful tradition in Experimental International Business (IB). Probably due to what the Arjen van Witteloostuijn refers to as the external validity myth, experimental laboratory designs are underutilized in IB, which implies that the internal validity miracle of randomized experimentation goes largely unnoticed in this domain of the broader management discipline.

In the following pages, the author explains why the author believes this implies a missed opportunity, providing arguments and examples along the way.

Although an Experimental Management tradition has never really gained momentum, to the author, the lab experimental design has a very bright future in IB (and management at large). To facilitate the development of an Experimental IB tradition, initiating web-based tools would be highly instrumental. This will not only boost further progress in IB research, but will also increase the effectiveness and playfulness of IB teaching.

Given the high potential of an Experimental IB, the Cross-Cultural and Strategic Management journal will offer a platform for such exciting and intriguing laboratory work, cumulatively contributing to the establishment of an Experimental IB tradition.

BORN in 1780, one of twelve children of a successful Quaker banker, Elizabeth Gurney herself became converted to Quakerism at the age of 18 and eventually, after the death of her father, became a minister of the church. At the age of 20 she married the London businessman Joseph Fry, by whom between 1801 and 1816 she bore 10 children. In between the birth of the children she carried out her ministry, visiting Quaker groups throughout the country, and pursued philantrophic activities. In 1819–20 she became concerned by the conditions of the homeless in London and was responsible for establishing a night shelter providing food and a bed.

The article is an abbreviated form of the author's MA thesis, and comprises the results of an analysis of publication and citation of economics literature. The growth of the monograph literature of economics seems to be below average, but a high birthrate of economics journals together with a growth in their size gives a high growth rate of periodical literature. From the analysis of citations in nine journals for 1950, 1960, and 1968 a shortening of the active life of both journal and non‐journal literature is found. A high degree of concentration of journal use is shown, over 70% of journal citations being from 20 titles, and the concentration is shown to be increasing. A rise in the use of unpublished material, especially working papers is indicated. Comparisons are made of the research use, measured by citations, with undergraduate use, measured by an analysis of reading lists at three British universities. Some tentative implications of the results for library policy are suggested.

Bringing blacks and other minorities into the American mainstream, largely by increasing their access to higher education, seems to be a continuing trend as the bicentennial of the declaration of independence approaches. The US early led the world in the expansion of educational opportunity. Despite progress elsewhere the recent acceleration of educational opportunity in the US is still striking.

Five hundred financial executives from North American companies were surveyed by means of a mailed questionnaire to gain a view from outside the operations functions of the basis on which aggregate inventory decisions are taken. The response indicated that more functions than might have been expected were involved in the process of determining inventory levels and, partly because of this, policy tended to be of a shorter rather than longer term nature.

Access to the Literature of the Social Sciences and Humanities. Proceedings of the Conference on Access to Knowledge and Information in the Social Sciences and Humanities.

In this paper, we study the effect of induced positive and negative moods on traders' willingness to trade (pay and accept) in experimental asset markets.

We conduct experimental asset markets where subjects undergo a mood induction procedure prior to trade. After the subjects are induced with either negative or positive affect, they can trade an experimental asset with a known stream of dividends for a known number of periods.

We first show that both positive and negative affects are associated with larger positive deviations from fundamental values. We also show that when subjects are induced with positive mood, they bid higher prices but for fewer units of the stock. On the supply side, positive affect is associated with higher prices and quantities, and consequently in higher willingness to offer. Finally, we use our experimental data to test existing theories on mood effect. We find that negative affect is related to momentum trading, while positive affect is associated with information processing.

To our knowledge, this is the first work that studies the effect of mood on traders' behavior, rather than market outcomes.

THE Treaty of Rome is one of the least publicised, yet potentially most important, international documents of our time. Under that treaty the six signatory powers began on the first day of this year that process of tariff reductions which will, over the next twelve or fourteen years, reduce and ultimately abolish all tariffs and trade barriers between them. For all practical purposes six national economies will be welded into a single supranational authority, with a common trade and commercial policy. That is to re‐draw the economic map of Europe.

This paper aims to contest Mees’ (2010) theory that publicly owned public transport operators normatively target their resources to maximize service rather than profit. Mees argues that neoliberal governments in the Anglosphere were mistaken to privatize their undertakings, yet it is shown that the British ethos of municipal trading meant that municipalities always saw public transport as more of a business than a service.

The author uses an archival microstudy of the municipal tramway undertaking of the English city of York, using municipal archives triangulated with local and industry media sources.

The paper proposes the refination of the Mees spectrum of public transport from public to private (2010, pp. 73-75) to note that public undertakings can be operated within a profit-maximizing framework.

This paper provides a rare historical explication of an individual municipal trading enterprise and tramway system placed in its economic context together with its wider theoretical implications.