Search results

Advises bosses of firms large and small about how to prevent their talented staff leaving mid‐career now that employees are increasingly reluctant to work long hours.

Discusses changing employee attitudes and how HR managers should react to these changes.

Urges organizations to put in structures that ensure all staff are working efficiently and fairly. Suggests that, with the right structure, regular monitoring and “policing”, enormous amounts of time will be liberated, enabling staff to reduce their working hours and take longer holidays. Argues that there is a balance to be struck in giving employees the right amount of responsibility: they should have enough, so that their judgment and intelligence are fully used, but not so much that they feel overburdened and are unable to relax after work. Contends that holiday cover should be provided so that employees do not return to a mountainous in‐tray.

Stresses the key role of HR managers in ensuring that employees do not become overburdened with work and opt to leave the organization.

Provides a viewpoint from the front line – the chief executive of City of London stockbroking firm Corporate Synergy, who has had to confront the issues about which he writes.

The purpose of this research is to understand how accounting information mobilises stakeholder salience at an industry level.

A case study method using an explanation building approach was applied to gather information surrounding dairy industry stakeholder uses of accounting information to communicate their salience, in the historical context, leading to, and the events surrounding the milk price “war” in Australia. The Mitchell et al. (1997) stakeholder salience framework was used to advance our understanding of the different ways accounting can be mobilized by stakeholders with different types of salience attributes, at an industry level.

This empirical analysis produces two insights into the relation between accounting and stakeholder salience. First, there is evidence as to how accounting information impacted on stakeholder salience at an industry level by demonstrating how accounting information (in)directly communicated and justified the increase of a stakeholder’s level of salience. Second, the Mitchell et al. (1997) model is extended by attributing levels of importance to each stakeholder attribute. It was found that, in this setting, power was the most salient attribute of the three, usurping legitimacy and urgency, leading to the outcomes observed.

This paper acknowledged the usual method limitations related to this style of qualitative research, including investigator bias and lack of statistical generalization. In addition, a second set of limitations critiques the paper’s operating framework. While the Mitchell et al. (1997) stakeholder salience model proved to be a suitable choice for this research, it is limited in the way in which stakeholder attributes are presented and used to identify stakeholders. In addition, further light may be provided on the distinctions between the different magnitudes of power, legitimacy and urgency between stakeholders after suggesting that they are not equally weighted.

The milk price “war” remains a high-profile discussion amongst the general public. This research contributes to a better understanding of how different players (stakeholders) have their salience claims mobilized through accounting information. Practitioners in the dairy industry might reflect on the findings to enhance their legitimacy pursuits in future negotiations with their counter-parties, and better deploy accounting to achieve the same.

The findings speak more broadly to notions of social equity in stakeholder relations, for the production and distribution of a product that is ubiquitously used in society (dairy – milk). The findings from this study therefore have potential to assist policymakers better understand the strategies adopted by stakeholders to impose their influence and defend their claims in a public forum, using accounting information.

The authors contend that the article provides evidence at an industry level, that is lacking in extant management accounting research (Collier, 2000). To this extent, an original contribution is claimed. The paper is also valuable to management accounting and management researchers studying stakeholder salience, and is one of the first to investigate this issue at an industry level, as well as express how accounting mobilises this salience.

The increasing availability of on‐line public access catalogues (OPACs) offers a new mode of access to all types of library and information sources. The changing role of the catalogue merits a reassessment of the role of cataloguing codes. A wholesale revision of AACR is required. The basic purpose of a cataloguing code is standardisation of description, headings and punctuation. The essential nature of retrieval in OPACs is that retrieval can be based on words anywhere in a record. This has implications for the contents of the record, and merits a complete reassessment of the role of access points in catalogues.

THROUGHOUT the chorus of horror and indignation that greeted the destruction of Louvain by the more disreputable successors of the Huns, one of the most persistent notes was for the famous libraries. This act of wanton destruction is all the more surprising coming as it does from the hand of a nation that has done so much for bibliographical advancement. Our readers will be glad to have the description of the libraries, from the pen of a distinguished author, which appears in our present issue. It is good news to learn that there is some possibility of salvage, although a glance at the published pictures of the destroyed libraries does not tend to raise any undue hopes.

This paper aims to assess the efficiency levels of World Cup teams via the slack-based data envelopment analysis (DEA) approach, which contributes to filling an important gap for performance measurement in football.

This study focuses on a comparative analysis of the past two World Cups. The authors initially estimate the efficiency of the World Cup teams via the slack-based DEA approach, which is a novel approach for sports performance measurement. The authors also present the conventional DEA results to compare results. The authors also include improvement ratios, which provide significant details for inefficient countries to enhance their efficiency. Besides, the authors include effectiveness ratings to present a complete performance overview of the World Cup teams.

According to the analysis results of the slack-based DEA approach, titleholder Germany and France are found as efficient teams in the 2014 and 2018 World Cup, respectively. Besides, Belgium and Russia recorded the highest efficiency improvement in the 2018 World Cup. The novel approach for sports performance measurement, the slack-based DEA approach, significantly overlaps with the actual performance of teams.

This study presents novelty in football performance by adopting the slack-based DEA with an undesirable output model for the performance measurement of the World Cup teams. This empirical analysis would be a pioneer study measuring the performance of football teams via the slack-based DEA approach.

Scholars have recognized that formal hierarchical structures and slack resources are at the core of small- and medium-sized enterprises (SMEs) attainment of ambidexterity. Surprisingly, few studies on SMEs have analyzed the extent to which these structural and resource attributes are associated with exploration and exploitation. This study aims to examine how two structural attributes, formalization and structural empowerment, and two resource attributes, financial slack and human resource slack, affect exploration and exploitation in SMEs.

Data were gathered from a survey administered to the chief executive officers of 522 French SMEs. The research hypotheses were then tested using seemingly unrelated regressions to investigate the contrasts between the two components of ambidexterity.

The results show that structural empowerment and financial slack may be conducive to exploration and exploitation at the same time. By contrast, formalization and human resource slack impact only one of these two ambidexterity components in significant ways: the former may be a powerful lever for exploitation, while the latter may be a powerful lever for exploration.

Relying on a dual structure–resource perspective, this study allows us to discuss the distinct impacts that several organizational antecedents have on exploration and exploitation in the specific context of SMEs. It thus addresses the recent call to identify which antecedents are integrating and which are differentiating to help firms deal with ambidexterity.

Past theorizing and empirical work suggest that long-standing strategic leaders generate harmful attention and information-processing effects in their organizations, which in turn impair organizational learning and performance. In contrast, our argument is that longevity and its attendant inertia foster useful transformational and strategic persistence for organizations pursuing stretch goals. Through attentional vigilance and restricted focus, inertia may create the cognitive profile necessary for effective learning when organizations pursue the seemingly impossible. We empirically examine our ideas in the context of the French royal navy and the naval battles it had with the British in the seventeenth and eighteenth centuries. More specifically, we focus on two distinct but related stretch periods during which the French royal navy was tasked with building a powerful naval force and using it to gain naval supremacy over Great Britain. Given its exceptionally weak starting position at the beginning of the two studied periods and its desire to displace the established and advantaged navy of the era, the French had a lofty task. Our results are supportive of the stability argument, with leader longevity and inertia being positive for outcomes.

The system of government-run poor relief in England, dating from the sixteenth century, was not replicated in Europe until the mid- to late 1800s. In order to understand why, poor relief must be placed within the socio-economic framework of capitalism, a system of surplus appropriation which originated in the novel class relations of English agriculture. The English way of dealing with poverty was distinctive and this distinctiveness was rooted in the unparalleled expansion of capitalism in that country in the early modern era. Assistance to the poor in England emerged alongside a qualitative social change, wherein an economy rooted in custom was transformed into one based on the competitive social relations of capitalism. The main conclusion of this article is that the welfare state was not a product of industrialization but of the class structure of agrarian capitalism.

To address the empirical aspect of corporate investment patterns by providing evidence in an international setting regarding the critical factors affecting firm investment policy, focusing on the relevance of financial factors.

Examines international company‐level data for capital expenditures over the period 1987‐1997 using fixed effects regression analysis.

The capital expenditures of firms that are financially constrained are much less sensitive to the availability of internal funds than unconstrained firms. The evidence is particularly strong when firms are classified according to financial health, but is also prevalent for groups formed according to dividend behavior and firm size. The results provide strong support for the generality of the results of Kaplan and Zingales and Cleary. A major reason for the weak investment‐cash flow sensitivity displayed by unhealthy firms is that they appear to be busy building up financial slack, which has long‐term value, as postulated by Myers and Majluf.

The conclusions in this study relate to the investment behavior of firms operating in well‐developed economies, which may not necessarily hold for firms operating in distinctly different environments. Given the critical importance of stimulating investment in developing economies, an interesting topic for future research would be to extend the analysis to firms operating in developing country environments to see whether the results herein also apply in these environments.

The results extend empirical evidence to an international setting, providing support for previous US results that had contributed to a debate in the literature. The results also demonstrate that a major reason for the weak investment‐cash flow sensitivity displayed by unhealthy firms is that they are reluctant to invest when debt levels increase, irrespective of the availability of internal funds. This represents an original contribution to the empirical literature.

The aim of this paper is to develop and test a behavioral theory of chief executive officer (CEO) succession and its performance consequences in family firms. Building upon performance feedback and slack research, the study hypothesizes that the effect of selecting a non-family outsider CEO on post-succession firm performance is contingent upon pre-succession firm performance aspirations level and the available slack resources.

The hypotheses are tested using a panel of 430 CEO successions in Italian family firms.

The findings show that a non-family outsider CEO is particularly valuable when performance resides far below aspiration levels, and there is a high availability of slack resources.

The study provides novel insights of the benefits and drawbacks of selecting non-family outsider CEOs offering behavioral-based theoretical explanations of performance consequences of CEO successions.