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As soon as the words “planning” and “control” are mentioned, the word “forecasting” is sure to follow. Next come several important questions: Should forecasting be the special domain of experts, or become a management tool? Can management obtain accurate and mathematically valid projections without investing in special hardware or software? The answer is that the basic tools required to prepare sound forecasts are readily available in most companies today.

This chapter examines the implications of career achievement for divorce, and whether they differ for men and women. Consistent with theory suggesting that women’s workplace achievement violates traditional expectations of gender and marriage, therefore creating domestic strain, the authors predict that career achievement is associated with a greater risk of divorce for women, but not for men. Using data from the Academy Awards, the authors find that for women, a sudden shift in achievement from winning an Oscar increases their risk of divorce compared to Best Actress nominees. There was no difference in the risk of divorce between Best Actor winners and nominees. The authors additionally examine two potential mitigating factors: whether the actor was already successful at the time of their marriage, and whether their spouse was comparably successful. For Best Actress winners, but not for Best Actor winners, the authors find evidence for the latter, indicating that women’s marriages are more stable when spouses are equally successful, or when relative achievement within the couple aligns with broadly-held norms of traditional marriage.

This paper aims to analyse the use of level of debt as an external control mechanism against an entrenchment strategy based on corporate social responsibility (CSR) practices.

The authors use a database of 1,916 international companies for the years 2002 to 2010.

The evidence obtained confirms in a context of asymmetric information, bounded rationality and divergent interests, the use of debt as a control mechanism of managers’ discretionary comportment. In other words, CSR practices can be used by managers as an entrenchment strategy and self-defence with the aim of decreasing the possibility of being identified by those shareholders and stakeholders whose interests have been damaged. In this context, the market demands higher debt levels to solve agency frictions, playing an active role in monitoring the management. Moreover, the demand of higher debt as a control mechanism that minimises the expropriation risk by managers through CSR is lower in contexts of greater investor protection.

The findings reveal that CSR engagement can be explained by the hypothesis of being a strategy of entrenchment and self-defence. Overall, this study differs from previous literature in this field by taking an alternative approach to CSR practices, in contrast to the conventional wisdom of the benefits of CSR practices. The authors contribute by empirically testing the theoretical model proposed by Cespa and Cestone (2007) who suggest the discretionary use of CSR from an agency perspective. They also give empirical relief showing the use of CSR as an entrenchment strategy. Moreover, they demonstrate that the capital market of debt decreases in a context with a greater degree of investor protection, likewise under CSR promoted as an entrenchment tool, the demand for debt as a disciplinary mechanism is less necessary to control managers. In addition, the study is enriched by the database analysis.

This work addresses how consumer perceptions of quality may be influenced by the composition of competition. I develop a theoretical framework that explains how consumer evaluations of quality can be negatively impacted by a product's stylistic similarity to popular competitors. These issues are examined empirically using more than 75,000 online consumer evaluations, from the evaluation aggregator Rotten Tomatoes, of 123 feature films released in the United States during 2007. Results suggest that during a movie's opening week, movies that are stylistically similar to the top-performing box office movie are evaluated less favorably. Additional analyses indicate that this negative effect may persist in later periods due to social conformity pressures, and that there is reduced demand for those movies that are stylistically similar to the top box office performer. This article contributes to the broader literature in strategic management by depicting how stylistic features of competitors can affect consumer behaviour and perceptions of quality in markets. This work also suggests managerial implications for entry-timing decisions and positioning choices.

Law enforcement social control policies over black Americans can be traced back to early policing. From the development of the “patroller” system (established in 1794 to systematically police slaves) to contemporary police militarization, the relationship between black Americans and the police has been defined by bitter conflict that continuously results in outward expressions of discontent and protests. Recent examples abound, including the Los Angeles riots in the 1990s, the aftermath of the murder of Michael Brown in Ferguson, Missouri, as well as the protests sparked by the deaths of Eric Garner and Freddie Gray. Indeed, social, political, and media speculation has placed police behavior under heavy scrutiny. Questions abound regarding the fairness, appropriateness, legality, and legitimacy of police methods, as critics have accused policing agencies of adopting punitive and repressive measures that target communities of color (and act as provocation for rioting). This chapter will use a critical lens to first investigate the historical social control strategies used against communities of color by law enforcement (beginning with antebellum “beat companies” to more contemporary “broken windows” policies). Next, the author observes that, in addition to institutional evolution, police behavior (specifically related to community policing and responses to community protests) have accordingly shifted since the nineteenth century. For example, the author discusses the three current strategies of protest management (escalated force, negotiated management, and strategic incapacitation) that have all been embraced to varying degrees with relationship to police response to black community protests. Last, the author explores the iterative process of police “command and control” policies and black community protests, noting that these competing forces have “coevolved,” mirroring one another, and feature antagonistic attitudes from both sides.

This paper aims to study five vegetables extracts as possible additives to control bacterial growth on indoor waterborne paints. The extracts were obtained from the weeds Raphanus sativus, Rapistrum rugosum, Sinapis arvensis, Nicotiana longiflora and Dipsacus fullonum, used in traditional medicine as antimicrobial compounds.

Weeds extracts were characterized by Fourier transform infrared spectroscopy and UV–Vis spectrophotometry. Their antibacterial activity against Escherichia coli and Staphylococcus aureus was also determined. Afterward, selected extracts were incorporated in waterborne paint formulations. The paints’ antimicrobial activity was assessed against S. aureus, monitoring biofilm formation by environmental scanning electron microscopy.

As a general rule, results showed that tested paints were efficient in inhibiting biofilm formation, especially that formulated with Nicotiana longiflora.

The tested paints can be used to protect walls from microbial colonization, which shortened coatings’ useful life by discoloration and/or degradation. Concomitantly, indoor microbial colonization by aerosols could be also diminished. This is especially important in places that should have high standards of environmental hygiene, as in the food industry, health-care and sanitary centers.

The main value of this research was to study the antimicrobial activity of weeds extracts and to incorporate them in waterborne paints to diminish bacterial biofilm formation. This biofilm discolors and degrades the paint, and causes health problems. The use of natural compounds in coatings is increasing because of the convenience of using renewable sources, such as natural antimicrobials, in paint formulations.

Previous studies have found that trusting and sociable individuals are more likely to participate in the stock market and hold risky assets. The purpose of this paper is to explore if trust and sociability also are related to individual investors' stock-portfolio returns.

The authors study the questions in the paper by linking survey measures of trust and sociability to investors' actual stock portfolios.

The authors find that trusting investors acquire higher raw and risk-adjusted stock-portfolio returns, but that the returns do not differ depending on how sociable investors are. These results suggest that trust is important for investors' stock-portfolio decisions, and that trusting investors tend to perform better in the stock market than less-trusting investors.

This is, to the best of the authors’ knowledge, the first paper that relates survey measures of trust and sociability to investors' actual stock-portfolio holdings. This is important to increase the understanding for how trust and sociability are related to the financial decisions individuals makes.

Means, medians and SD for available socio‐economic status (SES) black‐white differences are here substituted for those of IQ in a between‐groups model published by the author over a decade ago. The goodness of fit of the SES variables used is compared with that for the earlier IQ data. Even when SES variables are relatively successful this can be viewed as additional evidence of the importance of IQ differences to black‐white differences in delinquency.

Private equity has acquired multiple large nursing home chains within the past few years; by 2007, it owned 6 of the 10 largest chains. Despite widespread public and policy interest, evidence on the purported impact of private equity on nursing home performance is limited. In our review, we begin by briefly reviewing the organizational and environmental changes in the nursing home industry that facilitated private equity investments. We offer a conceptual framework to hypothesize the relationship between private equity ownership and nursing home performance. Finally, we offer a research agenda focused on the important parameters of nursing home performance: financial performance, and quality of care.

The purpose of this paper is to examine the effects of product market competition on capital spending (investments) financed by cash flow (CF), and the role of financial constraints (FC) on these effects.

The Herfindahl-Hirschman index of concentration measures competition. Earnings retention, working capital, the Kaplan and Zingales (1997) index and CF shortfalls measure FC. Regressions relating capital spending to competition are performed for the full sample, as well as financially constrained and unconstrained, and growth and value firms’ sub-samples. For robustness, large reductions in import tariffs are examined to exogenously measure competition, with the impact of these on capital spending tested via the difference-in-difference method.

The results show that competition fosters valuable investments when firms are financially unconstrained, especially for growth firms, and reduces these investments when they are financially constrained, especially for value firms.

The role of policy makers in alleviating FC should be focused toward growth firms that operate in competitive industries. As well, increasing financial pressure on value firms in competitive industries can have desirable effects, as it forces these firms to reduce investment inefficiency.

Many firm-specific and environmental factors drive the relation between competition and investment. Khanna and Tice (2000) find profitable firms increasing and highly levered firms decreasing investments in response to Wal-Mart’s entry into their markets. Jiang et al. (2015) suggest that environments with predictable growth drive a positive relation between competition and investments. This study claims that another factor that affects this relation is the firm’s level of FC.