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In his review of 30 years of research in Prospect Theory, Barberis (2013) notes that support for Prospect Theory had come mainly from the laboratory. In this paper, I write about a recurring phenomenon in real life that is consistent with Prospect Theory predictions in decision-making loss domain. The 60 cases noted in this paper are associated with specific risk seekers that had cost more than $140 billion (an average of $2.33 billion per case). Given space consider– ations, I provide synopses for 14 cases. A few of these cases have been discussed in the extant literature in connection with internal control, but were not considered from the perspective of Prospect Theory. It is striking that these cases are costly, all participants are young men, and almost all had followed the gambler’s martingale strategy – i.e., double down. While these cases are informative about risk-seeking behavior, they are not sufficiently systematic to be subjected to stylized archival research methods.

To alert high frequency trading firms to the increased regulation and prosecution of manipulative trading practices during 2014 and early 2015.

Reviews four significant proceedings against high frequency trading firms (and/or individuals employed by such firms) and other developments from the relevant government agencies as a possible preview of the enforcement and prosecution of high frequency trading practices in 2015. Provides advice to high frequency trading firms on how to decrease the risk of regulatory or criminal actions against them in this changing environment.

Although the focus on high frequency trading has only recently begun to intensify, firms should be aware of the increased enforcement activity of the past year. These actions, both regulatory and criminal, have already resulted in large penalties and have helped initiate a strengthening of rules and regulations regarding manipulative trading practices, of which firms need to be aware and stay current.

High frequency trading firms should be aware of the recent regulatory and criminal actions in order to better evaluate their own practices and controls, to ensure that their trading patterns do not resemble manipulative practices, and to avoid similar actions.

Practical guidance from experienced litigators and securities regulatory lawyers, including a former SEC Assistant Chief Litigation Counsel and a former federal prosecutor, that consolidates and describes several recent actions and developments in one piece.

Researchers have identified the “vibrancy” of living in a spatially defined area as having a positive impact on entrepreneurial activity, measured as new business start-ups. Vibrant areas attract and facilitate would-be entrepreneurs, and attract other entrepreneurs and the skilled people and other resources who can take advantage of the opportunities other entrepreneurs create. A vibrant locale, then, can trigger a virtuous cycle of entrepreneurially led economic and social development. The purpose of this paper is to test this hypothesis.

The unit of observation is the county of the US Census-designated central city of metropolitan statistical areas. The authors use principal components analysis to recover scores from a variety of measures of urban vibrancy. The authors embed these scores in an OLS model of new business venturing.

Within a standard model of new business launches that is designed to be comparable across time and space, the inclusion of principal components scores based on urban vibrancy measures adds little explanatory power.

Policies designed to make an urban area “more vibrant” as a means to the end of attracting new establishment launches may be less successful than policymakers hope.

To the best of our knowledge, this is the first paper to apply principal components analysis to measures of urban vibrancy within a general model of new business venturing.

TQM creates a dilemma for organizations. The dilemma is that TQM implies increased employee responsibility at shopfloor level. Increased responsibility traditionally equates with increased pay. The TQM gurus however advise that monetary rewards are likely to prove counterproductive. Analyses the problem and examines the potential impact of coercive and symbolic power as alternatives to material reward. Concludes that, although little can be achieved by rewarding contributions with money, neither of the alternatives are workable. The answer lies in matching increased responsibility with increased control. Suggests that organizations which succeed in adjusting this balance may gain a competitive advantage ahead of the Japanese.

The author offers executives a strategic process for proactively mitigating the risk of catastrophic unwanted Black Swan surprises that can severely, and often abruptly, impair a balance sheet.

One practical way to apply the author’s approach is through hedging concentrated balance sheet exposures when market volatility is low or contracting.

Though no one can reliably anticipate pandemics and related stock market turbulence, executives do not have to predict the future to economically protect their balance sheets from Black Swan events.

Managers can construct Black Swan scenarios to assess how an unforeseen, disadvantageous future could develop and which risk management derivative would best mitigate it.

This strategic approach to managing balance-sheet-threatening risks could help a firm outperform its competitors during future crises and catastrophes.

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting‐edge research and case studies.

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

For those people who live outside the US and do not share its intimate relationship with baseball, they will have always been slightly perplexed at some of the terminology used in business that originates from that sport. Phrases like “ball park figure”, being “thrown a curveball” and having a “three strikes and you're out” policy have descended into cliché, without many executives stopping to think what they really mean and why they are using these terms.

The paper provides strategic insights and practical thinking that have influenced some of the world's leading organizations.

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.

The purpose of this paper is to advance a research agenda on the topic of problematising profit and profitability. This paper also acts as an introduction to this Accounting, Auditing & Accountability (AAAJ) special section which aims to foster the development of literature focussing on critically evaluating issues surrounding profit and profitability and their sometimes, deleterious effects on society. The authors encourage an interdisciplinary discussion on the concepts of profit and profitability and various ways in which the authors could potentially problematise these concepts.

The authors undertake a purposive interdisciplinary review to provide context on problematising profit and profitability by briefly discussing the evolution of the concept of profit and by reviewing some contemporary debates and discussions about the role and status of profit and profitability.

In order to further develop the literature on problematising profit and profitability, it is important to broaden the analytical framework in order to (1) uncover the assumptions that make profitable activities possible as well as justifications of such activities; (2) analyse the practices of profit not only in the sense of computational practices but also in the sense of strategic and rhetorical calculations; (3) evaluate the practices of profit and profitability where they are situated within social and power relationships and (4) connect practices of profit to specific social imaginaries of profit.

In setting out a future research agenda, this paper fosters theoretical and methodological pluralism and encourages box-breaking research in the research community focussing on problematising profit and profitability in various settings. The perspectives offered in this paper provides not only a basis for further research in this critical area of discourse and regulation on the role and status of profit and profitability but also provides emancipatory potential for practitioners (to be reflective of their practices and their undesired consequences of such practices) whose overarching focus is on these accounting numbers.

The purpose of the paper is to contribute to the gap in the literature by investigating the identity theft behaviors of adolescents under the age of 18 and the predictors of these behaviors. To better understand the predictors of hacking behaviors in young people, two criminological theories, general theory of crime and social learning theory, are utilized.

A rural county in western North Carolina was chosen to participate in the study. Principals of four high schools in this county agreed to participate. All 9th through 12th graders were recruited for the study. Those who were given parental permission to participate and gave their own assent were given a survey.

Results indicated that low self-control and deviant peer association were in fact associated with identity theft behaviors of juveniles.

The literature is scant, if even existent, on research that investigates the identity theft offending behaviors of juveniles.