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This paper profiles the leadership and Financial Strategy principles of Dr. Henry E. Singleton, the late founder of Teledyne Corporation.
Abstract
Purpose
This paper profiles the leadership and Financial Strategy principles of Dr. Henry E. Singleton, the late founder of Teledyne Corporation.
Design/methodology/approach
The main sources of this paper are a private study prepared by Leon G. Cooperman, Chairman and CEO of Omega Advisors, Inc., who knew Dr. Singleton and who was a long‐term Teledyne investor, as well as a 2007 book that was published by Teledyne's former president.
Findings
The leadership and financial strategy principles of Henry Singleton have broad applicability to executives across industries and to researchers across disciplines including strategy, finance, management, and entrepreneurship.
Research limitations/implications
Singleton's principles, especially in the area of Financial Strategy, could be used by executives in the challenging times that likely lay ahead, and could serve as the basis for applied‐based research, most particularly case studies, on entrepreneurship, growth by acquisition, capital allocation, stock buybacks, and spin‐offs.
Originality/value
Long‐time associates of Singleton believe this is the first academic analysis of his leadership and financial strategy principles.
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Vickie Coleman Gallagher, Lisa E. Baranik, Maria Hamdani, Sorin Valcea, Pakanat Kiratikosolrak and Anthony R. Wheeler
Multidimensional fit (MDF) has been coined as “elusive” and relevant to an individual’s social identity and self-concept, unfolding over time as individuals assess their fit…
Abstract
Multidimensional fit (MDF) has been coined as “elusive” and relevant to an individual’s social identity and self-concept, unfolding over time as individuals assess their fit relative to Person-Organization, Person-Vocation, Person-Job, and Person-Team Fit. In this chapter, the literature as it relates to the refugee employment journey, MDF, and HRM practices that facilitate or inhibit MDF is reviewed. Furthermore, in this study, the process-oriented view of the refuge path highlights the complexity of their experience, noting an array of antecedents as they relate to country, host country and individual differences, interventions through NGOs, refugee resettlement agencies, and organizations, as well as the less explored entrepreneurial path. These diverse paths and the process of finding fit, and the obstacles refugees face, are viewed through the lens of shocks and reassessment of MDF throughout their journey. Finally, the study’s outcomes illustrate individual wellbeing factors, organizational level benefits, as well as community level benefits to MDF.
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Raymond F. Gorman and Gautam Vora
This study examines the distortive effects of the states’ regulatory climate on the underwriting costs of new equity issues of public utilities. Each state has its own public…
Abstract
This study examines the distortive effects of the states’ regulatory climate on the underwriting costs of new equity issues of public utilities. Each state has its own public utility commission (or public service commission) to regulate the natural monopolies of public utilities. The wealth‐maximizing behavior of utilities is constrained by the rate‐making process monitored by the commissions. The policies of a state’s commission collectively establish the ’regulatory climate’ in that state. Using a sample of new equity securities issued, during the period from January 1973 through September 1980, by utilities listed on the New York Stock Exchange and the American Stock Exchange, we investigate the effect of the regulatory climate on underwriting costs. Our findings are that,in general, the direct costs of flotation, namely, underwriting commissions and out‐of‐pocket expenses,are positively related to regulatory climate where as the indirect cost of flotation, namely, underpricing of the new issue, is negatively related to regulatory climate. These results are counter intuitive since they imply that as the regulatory climate becomes more unfavorable the direct costs of flotation increase and the indirect cost of flotation decreases. This is clearly a distortive effect of the regulation and we offer some explanations for it.
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Carina Bossu and Belinda Tynan
The main aims of this viewpoint essay are to raise awareness and to provoke discussion regarding important issues surrounding open educational resources (OERs) as a new media for…
Abstract
Purpose
The main aims of this viewpoint essay are to raise awareness and to provoke discussion regarding important issues surrounding open educational resources (OERs) as a new media for learning.
Design/methodology/approach
The issues discussed are based on the authors' critical analysis of a select review of the body of knowledge available.
Findings
The discussions here led to the conclusion that, despite the challenges brought by this recent movement, OER resources are here to stay. They have the potential, among other things, to further incorporate Web 2.0 applications in learning environments and to bridge the gap between non‐formal, informal and formal education.
Originality/value
The reflections of the challenges and benefits of OERs presented here can assist government bodies, educational institutions, decision makers and educators in general whether they are considering adopting this movement or not.
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Despite the significant amount of time that children spend in the home, relatively little attention has been paid to the direct impact of housing conditions on children's…
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Despite the significant amount of time that children spend in the home, relatively little attention has been paid to the direct impact of housing conditions on children's development. A literature review of over 100 research studies was undertaken to examine evidence of a ‘housing effect’ on children's health, learning, safety and behaviour. The results found strong evidence of a relationship between poor housing conditions and children's health and some evidence that growing up in sub‐standard housing affects children's performance at school. While children's safety is clearly linked to the quality of their home environment, further research is necessary to understand the apparent link between poor housing conditions and children's behavioural problems. The review suggests that growing up in poor housing has a profound and long‐term effect on children's life chances and that public policy should play closer attention to this relationship. Nevertheless, the volume of high‐quality research in this area is surprisingly limited and there is a need for more comprehensive studies.
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A. Sinan Cebenoyan, Elizabeth S. Cooperman and Charles A. Register
While prior research finds evidence of significant performance persistence in banking, the issue of the determinants of such persistence has rarely been examined. In light of a…
Abstract
While prior research finds evidence of significant performance persistence in banking, the issue of the determinants of such persistence has rarely been examined. In light of a liberalized thrift takeover market, this study tests for persistence and then attempts to identify its determinants for U.S. thrifts operating during 1989 to 1994. A moral hazard hypothesis for losing persistence is examined, as well as the effectiveness of the takeover market in disciplining persistent losers. Results indicate significant performance persistence, with firms in the sample 16 times more likely to remain in an initial position as a winner, or loser, than to switch. Consistent with moral hazard, persistent losers exhibit low charter values and greater risk‐taking behavior, with the opposite relations for persistent winners. Finally, and perhaps most importantly, persistent losers generally had a significantly higher probability of subsequent takeover, indicating the effectiveness of the takeover market in disciplining poor performers.
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David A. Makin and Leanna Ireland
The purpose of this paper is to explore to what extent the legal environment influences a user’s choice to employ privacy-enhancing technologies (PETs). Drawing upon existing…
Abstract
Purpose
The purpose of this paper is to explore to what extent the legal environment influences a user’s choice to employ privacy-enhancing technologies (PETs). Drawing upon existing theoretical frames specific to arbitrariness and uncertainty, this research examines whether interest in PETs is influenced by the legal environment of a country.
Design/methodology/approach
Using data from Google Trends, the International Property Rights Index, Freedom House and the Organization for Economic Cooperation and Development, the research analyzes interest in Tor, VPN technology and pretty good privacy (PGP) in 153 countries between 2012 and 2016.
Findings
Findings suggest both countries with both higher and lower arbitrariness and uncertainty of law are associated with an increased interest in Tor and PGP. However, interest in VPN technology does not appear influenced by the legal environment and, instead, is influenced by freedom within the press.
Research limitations/implications
The dual use nature of Tor and PGP is influenced by law enforcement and judiciary effectiveness and transparency and arbitrariness contributing to the public’s interest in decentralized technological protections.
Practical implications
Law enforcement should continue to police via the technologies rather than shutting them down to protect the identities of those needing to use these technologies for legitimate purposes. Only by embracing the technologies, as opposed to seeing them as hurdles to be banned, may law enforcement agencies remain vigilant to the threats posted by nefarious actors.
Originality/value
In this study, the authors introduce a more robust measure of interest in PETs, and do so with a larger, more substantive sample. By situating this interest within the context of policing, the authors can document the dual use nature of the technology, which can be useful in guiding future research, specifically in the area of policy development and officer training.
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J. Robyn Goodman, Ryan Theis and Elizabeth Shenkman
The purpose of this research is to understand how low-income, ethnically diverse, Medicaid recipients read, interpret and use culturally tailored health communications…
Abstract
Purpose
The purpose of this research is to understand how low-income, ethnically diverse, Medicaid recipients read, interpret and use culturally tailored health communications, specifically health plan report cards and health intervention/wellness program recruitment materials.
Design/methodology/approach
The paper reports two exploratory studies on message design. Researchers considered 12 focus groups for Study 1, consisting of 51 African-American, Hispanic and non-Hispanic White men and women who were enrolled in Medicaid and had a behavioral health diagnosis and a chronic disease. Researchers considered 22 focus groups for Study 2, consisting of 102 Hispanic, African-American and non-Hispanic White women enrolled in Medicaid.
Findings
The paper provides qualitative insights into how underserved populations interpret the visual and verbal aspects of health communications. Key findings include problems with cultural tailoring and monetary incentives for health improvement program participation, message components that show respect and are more likely to be read, how visuals can expand verbal messages and provide symbolic models and specifics on the desired image content.
Research limitations/implications
Because of the qualitative approach, the research results may lack generalizability. Thus, researchers suggest conducting quantitative studies to test these findings.
Practical implications
The paper includes implications for the development of powerful verbal and visual messaging for underserved populations. Additionally, the findings suggest a need to include emotional response in health communication theories and to incorporate visual communication theories in message design studies.
Originality/value
Research on health communication with underserved populations is limited, yet these populations have higher incidences of death and disability from disease. This paper fulfills a need to discover best health communication practices with underserved populations.
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Despite the volumes that have been written on America's correctional crisis – the peerless incarceration rate, disproportionate confinement of minority group members and…
Abstract
Despite the volumes that have been written on America's correctional crisis – the peerless incarceration rate, disproportionate confinement of minority group members and democratically untenable policies of disenfranchisement of people with felony convictions – criminal justice policy has changed little within the past decade or more. An important voice has been left out of these correctional policy formulations – that of prisoners. This paper proposes convict labor unions as one way to address this issue. It utilizes the United States Supreme Court majority's arguments in Jones v. North Carolina to assess the feasibility of inmate labor unions in light of current federal, state and local institutional operations; and provides a very tentative outline of how a prisoners’ labor union could be structured and function – exploring the potential democratic ramifications of such unions for corrections and in broader social policy.