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Article
Publication date: 1 January 1977

M. Balachandran

Before we start looking for information on a specific company, it would be logical to first find our what type of company it is. Broadly speaking, companies fall into two…

Abstract

Before we start looking for information on a specific company, it would be logical to first find our what type of company it is. Broadly speaking, companies fall into two major categories, namely, private and public. A private company could in turn be a sole proprietorship, a partnership or an incorporated enterprise. A public company, on the other hand could be a parent company or a subsidiary, affiliate or a division of the parent. In addition, it is possible for either type of company to be a franchise or be of foreign origin. For our purposes, we may define a public company to be a company whose stock is listed on a national or a regional stock exchange and any company that is not public is a private company. Although the process of business formation is beyond the scope of this review, it would facilitate one's research if one is familiar with sources that provide information in this area. Besides, there is a constant demand in business libraries for information on how to set up businesses.

Details

Reference Services Review, vol. 5 no. 1
Type: Research Article
ISSN: 0090-7324

Article
Publication date: 1 March 1977

M. Balachandran

Once dismissed as a dismal science, economics has, over a period of three centuries, acquired a respectability, signified quite appropriately by the institution of a…

Abstract

Once dismissed as a dismal science, economics has, over a period of three centuries, acquired a respectability, signified quite appropriately by the institution of a separate Nobel prize. It is not any longer a study dealing with the simple laws of supply and demand. Today, it is an extensive and well developed academic discipline with its own specialized branches such as econometrics. Today's student of economics faces the problem common to most other disciplines, namely, proliferation of the subject literature. Luckily for him, there is no dearth of guidebooks and manuals which attempt to teach the beginner the art and science of looking for and finding appropriate information. These include The Uses of Economics Literature, How to Find Out About Economics, Economics and Commerce: The Sources of Information and Their Organization, and Economics: Bibliographic Guide to Reference Books and Information Sources. Any standard textbook would provide an adequate introduction to the basic concepts in the various branches of economics like economic theory, economic history, labor economics, mathematical economics, microeconomics, macroeconomics and price theory. These texts, however, may not contain information on the state of the art in each area. For this purpose, one needs to resort to sources like the AEA Survey of Economic Theory and the Survey of Applied Economics. On a lay level, we have the annual Readings in Economics, which deals with current economic problems, like inflation, unemployment, growth, income distribution, externalities and international economics. Basically, it is a collection of writings dealing with the foundations of economics and its critics. An important recent development in the publication of the state of the art reviews in the various branches of economics will be highlighted in my second annual State‐of‐the‐Art Survey of Reference Materials in Business and Economics. An introductory survey of literature is available from publications such as The Literature of Social Sciences and the Sources of Information in the Social Sciences: A Guide to Literature.

Details

Reference Services Review, vol. 5 no. 3
Type: Research Article
ISSN: 0090-7324

Article
Publication date: 1 January 1978

M. Balachandran

The institution of an annual series devoted to current and ongoing research in economics and business should be considered one of the notable developments during the…

Abstract

The institution of an annual series devoted to current and ongoing research in economics and business should be considered one of the notable developments during the period under review. Long standing need for such a reference not withstanding, there has been until this year no systematic attempt to organize a continuing series which concentrated on selected areas of ongoing research, especially adapted to the Jahrbucher format. By facilitating the publication of research papers which are longer than the conventional journal‐length article yet shorter than a monograph, publishing outlets available to scholars in the field have been infinitely expanded. Two years ago, the Royal Economic Society and the Social Science Research Council of Great Britain, developed an experimental series, published by Macmillan, entitled Surveys of Applied Economics. The JAI Press, Greenwich, Conn., has now come out with an annual series, which is expected to fill the gaps in at least seventeen areas of economic theory and business. These are briefly listed below, with pertinent bibliographical citations: Research in Economic Anthropology: An Annual Compilation of Research. Series editor, George Dalton. vol. 1. Sept. 1977‐ $22.00 ISBN 0‐89232‐040‐9; Research in Economic History: An Annual Compilation of Research. Series editor, Paul Uselding. vol. 1. Sept. 1976‐ $22.50 ISBN 0‐89232‐001‐X; Research in Health Economics: An Annual Compilation of Research. Series editor, Richard M. Scheffler. vol. 1. Sept. 1977‐ $22.50 ISBN 0‐89232‐042‐7; Research in Human Capital and Development: An Annual Compilation of Research. Series editor, Ismail Sirageldin. vol. 1. June/July 1977‐ $22.50 ISBN 0‐89232‐019‐2; Research in International Business and Finance: An Annual Compilation of Research. Series editor, Robert G. Hawkins. vol. 1. May/June 1977‐ $23.50 ISBN 0‐89232‐031‐1; Research in Labor Economics: An Annual Compilation of Research. Series editor, Ronald G. Ehrenberg. vol. 1. March 1977‐ $22.50 ISBN 0‐89232‐017‐6; Research in Law and Economics: An Annual Compilation of Research. Series editor, Richard O. Zerbe. vol. 1. Sept. 1977‐ $22.50 ISBN 0‐89232‐028‐1; Research in Marketing: An Annual Compilation in Research. Series editor, Jagdish N. Sheth. vol. 1. June 1977‐ $22.50 ISBN 0‐89232‐041‐9; Research in Philosophy and Technology: An Annual Compilation of Research. Series editor, Paul T. Durbin. vol. 1. March 1977‐ $22.50 ISBN 0‐89232‐022‐2; Research in Political Economy: An Annual Compilation of Research. Series editor, Paul Zarembka. vol. 1. Sept. 1977‐ $22.50 ISBN 0‐89232‐020‐6; Research in Population Economics: An Annual Compilation of Research. Series editor, Julian L. Simon. vol. 1. April 1977‐ $22.50 ISBN 0‐89232‐018‐4; Applications of Management Science. Series editor, Matthew J. Sobel. vol. 1. 1977‐ $22.50. ISBN 0‐89232‐023‐0; Research in Econometrics. Series editor, Dennis J. Aigner. vol. 1. 1977‐ $22.50 ISBN 0‐89232‐039‐7; Research in Experimental Economics. Series editor, Vernon L. Smith. vol. 1. 1977‐ $22.50 ISBN 0‐89232‐030‐3; Research in Finance. Series editor, Haim Levy. vol. 1. 1977‐ $22.50 ISBN 0‐89232‐043‐5; Research in Organizational Behavior. Series editor, Barry Staw. vol. 1. 1977‐ $22.50 ISBN 0‐89232‐045‐1; Research in Public Policy and Management. Series editor, Colin Blaydon. vol. 1. 1977‐ $22.50 ISBN 0‐89232‐044‐3.

Details

Reference Services Review, vol. 6 no. 1
Type: Research Article
ISSN: 0090-7324

Book part
Publication date: 3 July 2017

Alan Reinstein, Mohamed E. Bayou, Paul F. Williams and Michael M. Grayson

Compare and contrast how the accounting, organizational behavior and other literatures analyze sunk costs. Sunk costs form a key part of the decision-making component of…

Abstract

Purpose

Compare and contrast how the accounting, organizational behavior and other literatures analyze sunk costs. Sunk costs form a key part of the decision-making component of the management accounting literature, which generally include previously incurred and unrecoverable costs. Management accountants believe, since current or future actions cannot change sunk costs, decision makers should ignore them. Thus, ongoing fixed costs or previously incurred sunk costs, while relevant for matters of accountability such as costing, income determination, and performance evaluation are irrelevant for most short- and long-term decisions. However, the organizational behavior literature indicates that sunk costs affect decision makers’ actions – especially their emotional attachments to the related project and the asymmetry of attitudes regarding the recognizing of losses and gains. Called the “sunk cost effect” or “sunk cost fallacy,” this conflict in sunk costs’ underlying nature reflects one element of incoherence in contemporary accounting discourse. We discuss this sunk cost conflict from an accounting and a philosophical perspective to denote some ambiguities that decision usefulness and accountability introduces into accounting discourse.

Methodology/approach

Review, summarize and analyze the above literatures

Findings

Managerial accountants can apply many lessons from the various literature sources.

Originality/value

We also show how differing opinions on how to treat sunk costs impact a firm’s decision-making process both economically and socially.

Details

Advances in Management Accounting
Type: Book
ISBN: 978-1-78714-530-6

Keywords

Article
Publication date: 1 February 1977

M. Balachandran

This survey is mainly concerned with certain basic sources of information aimed at persons occupying administrative and managerial positions in business and industry as…

Abstract

This survey is mainly concerned with certain basic sources of information aimed at persons occupying administrative and managerial positions in business and industry as well as academicians and students in business schools. It covers management theory and methods, industrial and personnel relations and legislation affecting such relationships, and manpower planning and related data sources. Since much of the current thinking and research on management is disseminated variously as reports and articles in scholarly periodicals, it would be logical to begin with indexing and abstracting sources which enable retrieval of such data. These should not be confused with serial publications whose aim is to provide the subject specialist with means to keep abreast of developments in his field, like Management Contents, Marketing Executive Digest and McGraw‐Hill Management Awareness Program.

Details

Reference Services Review, vol. 5 no. 2
Type: Research Article
ISSN: 0090-7324

Article
Publication date: 1 January 1977

M. Balachandran

In this survey, we would be concerned, not so much with the sources that provide information directly on companies themselves, as on those which contain composite…

Abstract

In this survey, we would be concerned, not so much with the sources that provide information directly on companies themselves, as on those which contain composite statistical and other types of data, often required in evaluating corporate and market performance. Some of them relate to corporate reorganizations and taxation, stock prices, price averages and indices, capital adjustments and business and financial ratios. We may also look at some books which explain the organization and functions of national and regional stock exchanges, stock market timing and forecasting techniques, statistical publications describing market activity, and some general guidebooks used often by investors.

Details

Reference Services Review, vol. 5 no. 1
Type: Research Article
ISSN: 0090-7324

Article
Publication date: 5 February 2018

Jiangang Pang and Kim Hua Tan

In today’s global competition, supply chain quality management is the key to a firms’ competitiveness. However, managers find that making sound quality and pricing…

Abstract

Purpose

In today’s global competition, supply chain quality management is the key to a firms’ competitiveness. However, managers find that making sound quality and pricing decisions under a complex multi-echelon in the current competitive electronic commerce environment is daunting and challenging. The purpose of this paper is to examine the optimum quality strategies under different cooperative mechanisms and investigate its effects on channel members’ profits.

Design/methodology/approach

This paper is a result of a China-UK collaborative research effort, involving researchers with expertise in information systems, quality management, supply chain management, pricing, and game theory models. The authors consider the quality decisions of a single product in a supply chain system that consists of a supplier and two competing manufacturers. The authors examine the optimum quality strategies under different cooperative mechanisms and investigate its effects on channel members’ profits. A modified Nerlove-Arrow model is employed to investigate the quality levels on goodwill and product sales.

Findings

The results reveal that the traditional cooperative program is not very effective in the horizontal competitive market; and each channel member may have a profit improvement when the supplier integrates with a manufacturer.

Originality/value

The authors believe that this paper will contribute to the existing body of knowledge. Moreover, the paper provides insights for managers to better manage their supply chain quality management in an information-centric context.

Details

Industrial Management & Data Systems, vol. 118 no. 1
Type: Research Article
ISSN: 0263-5577

Keywords

Article
Publication date: 1 April 1977

M. Balachandran

The word “document” in the title has been used to denote publications from our federal government, foreign governments and regional and international organizations. Most…

Abstract

The word “document” in the title has been used to denote publications from our federal government, foreign governments and regional and international organizations. Most readers are aware of the section on comparative international economics, contained in the Statistical Abstract of the United States. It includes information on population, economic growth indicators like GNP, trade, agricultural and industrial production, employment, wages and prices and social indicators like health and literacy in all foreign countries. Brief though the coverage of this section is, it would nevertheless be sufficient to satisfy the needs of most library users. The Abstract also conveniently provides citations to various national and international sources from which the information was gathered. Those who require more detailed data can resort to the many national statistical almanacs and compendiums issued regularly by the statistical departments of the national governments. A prime example of such an almanac would be the Annual Abstract of Statistics relating to the United Kingdom. We may note in this connection that these statistical handbooks are now available in microform. In addition to the statistical offices, the central banks of the countries involved issue regular reports on the monetary and economic situation within the countries. For instance, publications like the West German Monatsbericht contain a wealth of economic data not ordinarily needed by most lay people. Like the central banks, foreign embassies also issue pamphlet type reports aimed at increasing the host country's interest in trade and tourism in their home countries. The annual report entitled Italy: An Economic Profile falls under this category. Finally, there is a wealth of commercially published statistical reviews such as the Economic Intelligence Unit's Quarterly Economic Reviews, containing composite information on national economies. Those interested in learning more about the various available statistical sources may consult excellent bibliographies like the American Statistics Index, Foreign Language Index, Guide to the Basic Statistics in Countries of the ECAFE Region and Sources of European Economic Information. Other similar guides include the following: Statistics Africa‐Sources for Market Research, Statistics America‐Sources for Market Research; Statistics Europe‐Sources for Social, Economic and Market Research; and Statistics Asia and Australasia‐Sources for Market Research. In this survey, we will be concerned only with some recent and most used documents, which provide information on both the United States and foreign countries. We may note here that it is often useful to know about foreign publications containing economic data on the United States, even though there is no scarcity of indigenous sources dealing with domestic issues. The reason for this would be clear if one examines the peculiarity of some of these publications. If one wants to know about the latest consumer price index for the United States, one can get it from the many Bureau of Labor Statistics Reports. There is a problem however in that the BLS still uses the 1967 base year to compute its indices. If one wants a base year later than 1967, one has to resort to non‐American publications like the OECD's Economic Indicators, which use a later base year. Again, data may be available locally on an annual basis and not by quarter. Patrons may solve this problem by looking at some of the statistical documents to be discussed in the course of this survey. Likewise, one can avoid buying expensive foreign data books and almanacs by a judicious use of publications from our federal government. It is also good to know that journals such as the Survey of Current Business and Business Conditions Digest contain issues and sections devoted to comparative economic indicators.

Details

Reference Services Review, vol. 5 no. 4
Type: Research Article
ISSN: 0090-7324

Book part
Publication date: 1 January 2014

Élodie Allain and Michel Gervais

The purpose of this paper is to highlight the particularities of the time consumption of transactions performed in an insurance firm and the prospective impact on costing.

Abstract

Purpose

The purpose of this paper is to highlight the particularities of the time consumption of transactions performed in an insurance firm and the prospective impact on costing.

Design/methodology/approac

This paper uses the results of an archival study conducted on data collected in an insurance firm.

Findings

The results suggest that the reasons underlying the heterogeneity of transactions’ time consumption are multiple and rule out a systematic and unique explanation. They lend support to the importance of the “human effect” in explaining the time consumption of service transactions and support the need for more research into the evolution of marketing thought that subordinates the concept of transaction to the concept of relationship. In addition, our results not only suggest that the drivers of time consumption and their importance are contingent on the type of service activity performed within the same firm, but also that inside a generic service activity, deviations in time consumption remain due to the provision of specific services.

Originality/value

Services have their own characteristics which make it difficult to trace their resource consumption. Yet limited research has focused on examining the impact of services’ characteristics on predicting costs. Our findings contribute to our understanding of such impact and cast doubt on the possibility of obtaining accurate costs for very detailed transactions for an acceptable cost-benefit trade-off.

Details

Advances in Management Accounting
Type: Book
ISBN: 978-1-78350-632-3

Keywords

Article
Publication date: 1 April 1976

M. Balachandran

One of the most significant events that took place during the period under review was the recent symposium on economics bibliography held in July 1975 under the auspices…

Abstract

One of the most significant events that took place during the period under review was the recent symposium on economics bibliography held in July 1975 under the auspices of the International Economics Association. It met at the famous Institut fur Weltwirtschaft, University of Kiel, West Germany. The theme of the symposium was the “Organization and Retrieval of Economic Knowledge.” The papers presented there covered recent trends in data and bibliographic organization, the emerging library characteristics of many specific economic subfields, the emerging solutions to the library cost problem and the boundaries of methodologies of economics. At its conclusion the Symposium issued a statement identifying some concerns about the future of economics libraries and data retrieval. Pending the forthcoming publication of the entire transcript, interested readers may find a summary of the symposium in the Journal of Economic Literature (December 1975: 1320–1321). While it is not entirely appropriate for this survey, I would be remiss if I did not mention another significant occasion: the bicentennial of the publication of the great Adam Smith's Wealth of Nations in honor of which the Clardendon Press has issued a special reprint.

Details

Reference Services Review, vol. 4 no. 4
Type: Research Article
ISSN: 0090-7324

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