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The purpose of this study is to identify antecedent factors in addition to merit that contribute to the designation of first author on a publication. A second purpose is to provide knowledge of the significance and implications of being designated first author on a research article in the management discipline. A third purpose is to propose directions for further research.

The study consists of an empirical analysis of archival data gathered from 780 authors of 260 coauthored articles from top-tier journals and uses logit regression to analyze the data.

The empirical analysis shows that under certain conditions author need and author power are factors that combine with merit as antecedents to the designation of being the first author of an article.

To the best of the authors’ knowledge, this is the first empirical study that identified antecedent factors that contribute to first authorship beyond the prescribed factor of merit which professional norms in management assume is the one and only factor that contributes to being designated as first author.

El propósito de este estudio es identificar los factores que anteceden, además del mérito, a la designación del primer autor en una publicación. Un segundo objetivo es proporcionar conocimiento sobre la importancia y las implicaciones de ser designado primer autor en un artículo de investigación en la disciplina de gestión. El tercer propósito es proponer direcciones para futuras investigaciones.

El estudio consiste en un análisis empírico de los datos de archivo recopilados de 780 autores de 260 artículos de revistas de primer nivel y utiliza la regresión logit para analizar los datos.

El análisis empírico muestra que, bajo ciertas condiciones, la necesidad y el poder del autor son factores que se combinan con el mérito como antecedentes de la designación como primer autor de un artículo.

Hasta donde alcanza nuestro conocimiento, este es el primer estudio empírico que identifica los factores que anteceden a la primera autoría más allá del factor de mérito, el cual es según las normas profesionales el único factor que contribuye a ser designado como primer autor.

O objetivo deste estudo é identificar fatores antecedentes, além do mérito, que contribuem para a designação do primeiro autor em uma publicação. Um segundo objetivo é fornecer conhecimento da importância e das implicações de ser designado primeiro autor em um artigo de pesquisa na disciplina de gerenciamento. Um terceiro objetivo é propor orientações para futuras pesquisas.

O estudo consiste em uma análise empírica dos dados de arquivo coletados de 780 autores de 260 artigos em coautoria de periódicos de primeira linha e usa a regressão logit para analisar os dados.

A análise empírica mostra que, sob certas condições, a necessidade e o poder do autor são fatores que se combinam com o mérito como antecedentes à designação de ser o primeiro autor de um artigo.

Até onde sabemos, este é o primeiro estudo empírico que identifica os fatores que precedem a primeira autoria além do fator de mérito, que, segundo as normas profissionais, é o único fator que contribui para ser designado como primeiro autor.

This paper aims to elaborate upon the work of Aguinis and colleagues (this issue), who showed that there is almost no overlap between the chief executive officers (CEOs; of American publicly traded corporations) who are in the upper tail of the CEO pay distribution and the firms that are in the upper tail of the performance distribution.

This paper is an essay/commentary regarding the merits and implications of the paper by Aguinis and colleagues.

Drawing upon prior work, the author proposes that CEOs’ tenure-long pay patterns are established – essentially baked-in or hardwired – when CEOs first get hired. For various reasons, some CEOs receive ultra-grand pay packages at the outset of their tenures, and nothing – including mediocre performance – brings about subsequent diminishment of those sweet terms.

This paper sheds new light on the work by Aguinis and colleagues, in turn contributing new insights about the fairness (or lack thereof) of CEO pay determinations.

This paper integrates Aguinis and colleagues with prior works on CEO over- and underpayment.

El presente comentario se sustenta sobre el trabajo de Aguinis y colegas (este número) que muestra que apenas existe coincidencia entre los Consejeros Delegados (CEOs) de las empresas cotizadas americanas con mayor retribución y las empresas que mejores resultados obtienen.

Este artículo es un ensayo/comentario acerca de los méritos y las implicaciones del artículo de Aguinis y colegas.

Tomando como base un trabajo previo, el autor propone que los patrones de antigüedad-retribución se definen cuando el Consejero Delegado es contratado por primera vez. Por varias razones, algunos Consejeros Delegados reciben una gran retribución al inicio de su carrera en la empresa, y nada –ni siquiera unos resultados mediocres- reduce esa retribución.

El artículo arroja luz sobre el trabajo de Aguinis y colegas, y contribuye al debate acerca de la justicia (o ausencia de ésta) en la definición de los salarios de los Consejeros Delegados.

El artículo integra el trabajo de Aguinis y otros en la literatura previa sobre la sobre o infra-retribución de los Consejeros Delegados.

Este comentário sobre o trabalho de Aguinis e colaboradores (este número), que mostram que quase não há coincidência entre os CEOs (das empresas americanas de capital aberto) que estão na parte superior da distribuição de pagamento do CEO e as empresas que estão na parte superior da distribuição de desempenho.

Este artigo é um ensaio/comentário sobre os méritos e as implicações do artigo de Aguinis e colaboradores.

Tomando como base um trabalho prévio, o autor propõe que os padrões de antiguidade/retribuição se definam quando o CEO é contratado pela primeira vez. Por várias razões, alguns CEOs recebem uma retribuição grande ao início da sua carreira na empresa, y nada – nem uns resultados medíocres -reduzem essa retribuição.

O artigo lança nova luz sobre o trabalho de Aguinis e colaboradores, contribuindo com novos conhecimentos sobre a equidade (ou a falta) das determinações de pagamento dos CEOs.

O artigo integra o trabalho de Aguinis y colaboradores na literatura prévia sobre a infra-retribuição dos CEOs.

The purpose of this paper is to re‐examine a celebrity CEO account using a variety of literary forms to uncover discourses of colonisation. Focuses on the probanza de mérito and the wonder tale or traveller's tale. Ideas of Non‐Place (Augé) and spatial practices (Lefebvre) conclude the analysis.

A close reading of the account of the building of the Starbucks retail empire, given in the CEO account: Pour Your Heart into It: How Starbucks Built a Company One Cup at a Time against the text, gives insights into the strategy and internal logic of the company founder which might otherwise be missed.

The account reveals the nature of the published account of the growth of the company as analogous to many of the accounts of the colonisation of the new world. The analysis of spatial practices at the company is used to explain some of the most successful resistance to its expansion.

Uses a wide range of theory to unpack celebrity success narrative and reveal counter‐narrative of practice.

Il problema del sottosviluppo di una larga parte del mondo è sorto nel dopoguerra allorchè Ie principali nazioni europee si stavano risollevando dai gravi danni economici subiti. Allo stesso tempo si ebbe nella dottrina economica una serie di studi dedicati allo sviluppo di «lungo periodo». Questa nuova ottica scaturiva anche dagli insegnamenti keynesiani sui periodi brevi. Risulta questo un non ultimo merito del grande economista inglese che, prospeltando la soluzione della prima questione, aveva permesso anche da un punto di vista teorico l'approccio al nuovo problema.

The article aims to present the results of adapting the team boosting behaviors (TBB) scale to Polish cultural conditions and validating it.

The research methodology consisted of three steps. In the first step, I translated the TBB scale into Polish using a rigorous back-translation method. Next, to assess content validity, nine domain experts reviewed the initial version of the instrument for clarity and relevance. Finally, I applied the scale to a sample of 532 team members and underwent thorough psychometric testing to assess construct validity. I employed structural equation modeling (SEM) with the partial least squares (PLS) factor-based algorithm technique for confirmatory factor analysis to assess the scale’s reliability and validity.

After development, the Polish version of the TBB scale kept its three sub-scale structures. However, the validation process led to a slight reduction in the number of test items compared to the original scale.

The findings imply that the Polish version of the scale is a valid and reliable tool for assessing TBB. However, I recommend additional studies to confirm this instrument’s structure.

The results confirmed the reliability and relevance of the tool for measuring TBBs in Polish cultural conditions. The tool provides the basis for implementing further research with the TBB construct in Poland and internationally.

A former professional handball player and Olympic medallist, Iñaki Urdangarín played with FC Barcelona and on the Spanish national handball team from 1986 to 2000. He also served as First Vice President for the Spanish Olympic Committee. In 2001 he was awarded the Real Orden al Mérito Deportivo, which recognises outstanding contribution to sport in Spain. In recent years he has worked as a consultant specialising in human resources. He co-founded the Nóos Institute, a scientific association whose mission is to promote research into the management of patronage, social responsibility and sponsorship activities, and was its president until April 2006. He has an impressive number of sporting achievements under his belt. During his time with FC Barcelona, his team won over 50 major competitions, including the Spanish league on 10 occasions and countless national and European trophies. He was picked for the Spanish team 172 times and took part in three Olympic Games, winning two bronze medals. He also has two silver medals and one bronze from the European Championships. Iñaki Urdangarín has a diploma in business sciences (specialising in human resources) from the Central University of Barcelona, a degree in business administration and management and an MBA from ESADE Business School, where he lectures in the Department of Corporate Policy.

This study aims to investigate how sustainability and ethics are being addressed both by the literature and companies. Furthermore, it seeks to identify the specific strategies that these companies use to foster ethical behaviour and promote sustainability in their business operations.

The study entails a bibliometric analysis and a set of case studies from a sample of companies working in different industry sectors. Based on these tools, it analyses whether – and how – enterprises are placing an emphasis on sustainability and ethics as part of their businesses. In addition, the selected companies' unethical practices or socially irresponsible corporate activities were investigated and presented.

The findings suggest that using an ethics perspective can be a valuable tool in improving the accuracy and correctness of business decision-making. In addition, the paper has identified the fact that sustainability standards can be used to improve customer satisfaction as many important issues are addressed. Finally, the paper highlights the importance of ethical considerations when designing and implementing sustainability standards at enterprises and the need for regulatory guidance in this regard.

The paper addresses the need for studies on how sustainability and ethics are being discussed by both the literature and companies. The paper presents some elements that can be used as possible corporate indicators for a wider implementation of sustainability and ethics objectives in enterprises.

Employee dissatisfaction with merit pay is a long‐standing problem. This study introduces four explanatory constructs, based on decisional and interactional fairness notions, that describe how supervisors implement merit pay and predict merit pay satisfaction. Multigroup confirmatory factor analyses, applied to a sample of American employees (N = 415) and a sample of Venezuelan employees (N = 239), show that the five constructs introduced here are distinct from each other and that their measures generalize across countries (cultures and languages).

The purpose of this paper is to contrast three investment choices within the reach of individual investors: naive portfolios of Brazilian stocks; actively managed stock funds; and the Ibovespa index, which represents passive management as well as to offer insights on the performance of professional asset managers in this large emerging market.

Equally weighted portfolios contained between 5 and 30 stocks to keep transaction costs low. Stock selection used the Ibovespa constituents and considered value (dividend yield (DY) and price-to-book ratio), momentum (past returns), and liquidity, as well as the Sharpe ratio (SR) over the 2003-2012 period, rebalancing three times a year.

Cumulative returns of naive portfolios are large. They frequently outperform the index for all values of n. They also outperform stock funds, particularly when the invested amount exceeds US$25,000, due to transaction costs. Yet, expected out-of-sample SRs corrected for errors in estimates are very low, suggesting that one should not count on this historical performance in the future. Naive portfolios may simply be more exposed to additional value, size, and momentum risks. Results are sensitive to time period selection.

Naive portfolios may be attractive to individual investors in Brazil relative to stock funds, which seem to strive to keep volatility low and may be better when the investment amount is low. There may be merit for value or momentum stock selection strategies when forming small equally weighted portfolios.

The paper contrasts realistic stock investing alternatives for individuals, it provides a view of stock fund performance in Brazil, and offers practical implications that may be pertinent in other emerging stock markets.

Contrastar três opções de investimento ao alcance de investidores individuais: carteiras ingênuas de ações brasileiras; fundos de ações de gestão ativa; e o índice Ibovespa, que representa a gestão passiva. Oferecer informações sobre o desempenho de gestores de ativos profissionais neste grande mercado emergente.

As carteiras igualmente ponderadas continham entre 5 e 30 ações para manter os custos de transação baixos. A seleção de ações utilizou os componentes do Ibovespa e considerou o valor (rendimento de dividendos e relação preço/valor patrimonial), momentum (retornos passados) e liquidez, bem como o Índice de Sharpe no período 2003-2012, rebalanceando três vezes ao ano.

Os retornos acumulados de carteiras ingênuas são grandes. Eles frequentemente superam o índice para todos os valores de N. Eles também superam os fundos de ações, particularmente quando o montante investido excede US$ 25,000, devido aos custos de transação. Contudo, os Índices de Sharpe esperados fora de amostra corrigidos por erros nas estimativas são muito baixos, sugerindo que não se deve contar com este desempenho histórico no futuro. As carteiras ingênuas podem simplesmente estar mais expostas a fatores riscos adicionais, tal como os de valor, tamanho e momentum. Os resultados são sensíveis à seleção do período de tempo.

As carteiras ingênuas podem ser atrativas para os investidores individuais no Brasil em relação aos fundos de ações, que parecem se esforçar para manter a volatilidade baixa e podem ser melhores quando o valor do investimento é baixo. Pode haver mérito para estratégias de seleção de ações de valor ou momentum ao formar carteiras igualmente ponderadas pequenas.

O artigo contrasta alternativas realistas de investimento em ações para indivíduos, oferece uma visão do desempenho dos fundos de ações no Brasil e oferece implicações práticas que podem ser pertinentes em outros mercados emergentes.

La preparazione sia scolastica o extrascolastica, destinata ai giovani e agli adulti che iniziano o dovrebbero iniziare la loro carriera professionale nel turismo al livello di apprendistato, forma oggetto del presente studio.