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1 – 10 of over 16000Problems arose in the “market for information” (MFI) during the “dot.com” boom, the Enron case, Northern Rock failure and during the great financial crisis (GFC) of 2007-2009…
Abstract
Purpose
Problems arose in the “market for information” (MFI) during the “dot.com” boom, the Enron case, Northern Rock failure and during the great financial crisis (GFC) of 2007-2009. This paper aims to extend the understanding of the MFI through field research and theoretical sources. It also aims to understand the MFI during relatively stable periods and during periods of rapid change, crisis and failure. It seeks to use these insights to propose changes to reduce the possibilities for negative change and problems in the MFI.
Design/methodology/approach
Field studies are used to develop an “empirical narrative” for ongoing MFI structures, processes and outcomes during relatively stable periods. The paper develops a “theoretical narrative” to extend the understanding of the MFI empirical insights.
Findings
The paper reveals that the MFI structure that includes knowledge and social context is central to ongoing MFI economic processes for MFI agents. Outcomes include changes in markets, firms and others. Changes and problems are means to understand interactions between the MFI social structure, knowledge, actions and outcomes as they rendered visible the previously invisible issues.
Originality/value
The paper shows that a coherent combination of new empirical narrative and theoretical narrative is essential to develop a critical stance, new policy prescriptions and new regulations to deal with problems and changes in the MFI. This provides the frame to propose changes in the “world of knowledge” and in (concentrated and elite) social and economic structures in the MFI. It proposes: making explicit shared knowledge in the MFI, monitoring change processes and promoting active formal learning.
Peter W. Hom, Frederick T.L. Leong and Juliya Golubovich
This chapter applies three of the most prominent theories in vocational and career psychology to further illuminate the turnover process. Prevailing theories about attrition have…
Abstract
This chapter applies three of the most prominent theories in vocational and career psychology to further illuminate the turnover process. Prevailing theories about attrition have rarely integrated explanatory constructs from vocational research, though career (and job) choices clearly have implications for employee affect and loyalty to a chosen job in a career field. Despite remarkable inroads by new perspectives for explaining turnover, career, and vocational formulations can nonetheless enrich these – and conventional – formulations about why incumbents stay or leave their jobs. To illustrate, vocational theories can help clarify why certain shocks (critical events precipitating thoughts of leaving) drive attrition and what embeds incumbents. In particular, this chapter reviews Super's life-span career theory, Holland's career model, and social cognitive career theory and describes how they can fill in theoretical gaps in the understanding of organizational withdrawal.
Roland Goetgeluk and Tom de Jong
This paper explains how a relatively simple analytical spatial algorithm and a GIS visualization of inter-municipal migration patterns revitalized the negotiations for a formal…
Abstract
This paper explains how a relatively simple analytical spatial algorithm and a GIS visualization of inter-municipal migration patterns revitalized the negotiations for a formal merger (called Holland Rijnland) between six municipalities in the urbanized Leiden Region and ten municipalities in the adjacent rural Bulb Region, both situated in Randstad Holland. Though the regional housing market was just one of the negotiation topics, the political discussion around it almost stymied the entire merger. We discovered a lack of knowledge about three key questions: Would the new merger function as one housing market region within the broader context of Randstad Holland? Do the original two regions interact at all? Or do lower-order regions exist instead? We answered these questions with the aid of individual migration data from Statistics Netherlands and by applying a method called Intramax Clustering in the GIS Flowmap programme. We found that the intended merger is indeed a housing market region; that interaction between the two regions is limited; and that lower-order housing market regions do exist. These findings helped to restart the negotiations; since 2004 Holland Rijnland has been a fact.
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Gerhard Blickle, Jochen Kramer, Ingo Zettler, Tassilo Momm, James K. Summers, Timothy P. Munyon and Gerald R. Ferris
The purpose of this paper is to determine whether political skill is equally effective in its prediction of job performance for different job demands.
Abstract
Purpose
The purpose of this paper is to determine whether political skill is equally effective in its prediction of job performance for different job demands.
Design/methodology/approach
This paper uses self‐report sources of employee performance and self‐report of political skill after several weeks along with three ratings of target individuals' job demands.
Findings
Results support the hypothesis that Holland's enterprising category (i.e. because of its job demands and requisite job competencies to be effective) will moderate the relationship between political skill and job performance, demonstrating stronger predictability under high enterprising job demands.
Research limitations/implications
The present results suggest that political skill is a better predictor of job performance under situations of high enterprising job demands than under conditions of low enterprising job demands. Furthermore, social and conventional job demands do not significantly moderate the political skill‐job performance relationships, implying that these job demands act as an important boundary condition.
Practical implications
Politically skilled individuals are more likely to succeed in environments (e.g. enterprising jobs) where they have the opportunity to exercise interpersonal influence, and where that interpersonal influence is directly related to their performance.
Originality/value
This paper makes several contributions to theory and practice in vocational achievement and political skill. Perhaps, most significant is the identification of job demands as a boundary condition in the political skill‐job performance relationship.
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The paper aims to rethink empirical models and theory used in explaining banks and financial institutions (FIs) and to enhance the process of theory construction. This is a…
Abstract
Purpose
The paper aims to rethink empirical models and theory used in explaining banks and financial institutions (FIs) and to enhance the process of theory construction. This is a provisional response to Colander et al. (2009) and Gendron and Smith-Lacroix’s (2013) call for a new approach to developing theory for finance and FIs.
Design/methodology/approach
An embryonic “behavioural theory of the financial firm” (BTFF) is outlined based on field research about banks and FI firms and relevant literature. The paper explores “conceptual connections” between BTFF and traditional finance theory ideas of financial intermediation. It does not seek to “integrate” finance theory and alternative theory in “meta theory” and has a more modest aim to improve theory content through “connections”.
Findings
The “conceptual connections” provide a means to develop ideas proposed by Scholtens and van Wensveen (2003). They are part of a “house with windows” intended to provide systematic means to “take data from the outside world” whilst continuously recognising “the complexities of the context” (Keasey and Hudson, 2007) to both challenge and build the core ideas of FT.
Research limitations/implications
The BTFF is a means to create “conversations” between academics, practitioners and regulators to aid theory construction. This can overcome the limitations of such an embryonic theory.
Practical implications
The ideas developed create new opportunities to develop finance theory, propose changes in banks and FIs and suggest changes in the focus of regulation.
Originality/value
Regulators can use the expanded conceptual framework to encourage theory development and to enhance accountability of banks and FIs to citizens.
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Lilith C. Waterman and Jasper J. van der Kemp
The purpose of this paper is to assess the possibilities of formulating risk behavior characteristics to determine a guest's risk category on money laundering in casinos.
Abstract
Purpose
The purpose of this paper is to assess the possibilities of formulating risk behavior characteristics to determine a guest's risk category on money laundering in casinos.
Design/methodology/approach
A total of 148 guests (27 women and 121 men) and their registered events (1,184 events) are analyzed by using a form of canonical correlation analysis: OVERALS. Out of the 148, 37 guests have been excluded from financial services on suspicion of criminal behavior; this group appears to show an unacceptable risk. Another 37 guests are supposed to cause a low risk and 74 guests a medium/high risk.
Findings
The results suggest that the three groups are very distinct in gambling and behavioral characteristics. It seems remarkable that the variables resembling “keeping an eye on the guests” are mainly in the risk category medium/high.
Research limitations/implications
A large part of the research group was deliberately composed of those who brought a high risk to Holland Casino. For that reason, the research group is not representative for the population of the visitors to Holland Casino.
Practical implications
On the basis of this paper, casinos are able to validate and improve their safety policy concerning money laundering. Also other financial institutions can analogically apply the used research method.
Originality/value
This topic has hardly ever been researched, although the need is apparent. Casinos are obliged to their guests and society as a whole to provide a safe environment. Besides that, it is illegal to facilitate money laundering.
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Authenticity is a key issue in any study of subcultures or groups who define themselves as alternative. I will discuss three different stages of research about ‘alternative’…
Abstract
Authenticity is a key issue in any study of subcultures or groups who define themselves as alternative. I will discuss three different stages of research about ‘alternative’ women, with interviews conducted in the late 1990s, and then return interviews with some of the original participants in 2010 and 2018. At all three stages of data collection, the participants were at pains to place themselves as distanced or marginalized from the mainstream, by choice, articulated in various ways. At the same time, they placed themselves as being authentic or at the centre, with people they termed as part-timers, newbies, tourists and weekenders existing on the periphery and at the margins. How do they measure their place in the hierarchy, and whose hierarchy is it? The chapter asks, what is authenticity in alternative subcultures, why is it so important that such marginalized groups are authentic (to themselves, as well as to outsiders), and how do they achieve it. The chapter also explores how ageing and gender impacts on the participants’ identities as alternative women.
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This paper aims to use a grounded theory approach to reveal that corporate private disclosure content has structure and this is critical in making “invisible” intangibles in…
Abstract
Purpose
This paper aims to use a grounded theory approach to reveal that corporate private disclosure content has structure and this is critical in making “invisible” intangibles in corporate value creation visible to capital market participants.
Design/methodology/approach
A grounded theory approach is used to develop novel empirical patterns concerning the nature of corporate disclosure content in the form of narrative. This is further developed using literature of value creation and of narrative.
Findings
Structure to content is based on common underlying value creation and narrative structures, and the use of similar categories of corporate intangibles in corporate disclosure cases. It is also based on common change or response qualities of the value creation story as well as persistence in telling the core value creation story. The disclosure is a source of information per se and also creates an informed context for capital market participants to interpret the meaning of new events in a more informed way.
Research limitations/implications
These insights into the structure of private disclosure content are different to the views of relevant information content implied in public disclosure means such as in financial reports or in the demands of stock exchanges for “material” or price sensitive information. They are also different to conventional academic concepts of (capital market) value relevance.
Practical implications
This analysis further develops the grounded theory insights into disclosure content and could help improve new disclosure guidance by regulators.
Originality/value
The insights create many new opportunities for developing theory and enhancing public disclosure content. The paper illustrates this potential by exploring new ways of measuring the value relevance of this novel form of contextual information and associated benchmarks. This connects value creation narrative to a conventional value relevance view and could stimulate new types of market event studies.
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