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The purpose of this study is to investigate the link between downsizing cues and market performance prior to and after a major crisis. We use a recent exogenous shock – the COVID-19 pandemic – to test hypotheses on the nature of the relationship between downsizing cues and market performance within two distinct groups: pre and post-crisis. We purport that the sudden increase in uncertainty brought about by a major crisis widens information asymmetry between firms and their shareholders, and that top managers sending downsizing cues to the market with high levels of authenticity may be more likely to trigger positive market reactions.

The authors rely on computer-assisted text analysis (CATA) methodology, event-study methodology and a data set of 952 pre- and post-crisis earnings conference calls held by 476 S&P 500 firms to test the hypotheses in this study.

The authors find that downsizing cues have no effect on market performance in the pre-crisis group, but are negatively related to market performance in the post-crisis group. The authors also find that authenticity cues positively mitigate the relationship between downsizing cues and market performance relationship in the post-crisis group.

This empirical study extends our knowledge of the influence of a major crisis on the relationship between downsizing and market performance by leveraging the revelatory power of an exogenous environmental shock. The authors also explore the role played by managerial authenticity and find that the market is more inclined to accept post-crisis downsizing efforts when top managers are perceived as authentic.

There are over 35 books listed under “Resumes” in the Subject Guide to Books in Print, 1979–1980. They range in price from $ .50 to $17.50. At a glance, all the titles sound the same, advocating better resumes and boasting valuable pointers, but like patrons, all resume‐writing books are not alike.

In the last four years, since Volume I of this Bibliography first appeared, there has been an explosion of literature in all the main functional areas of business. This wealth of material poses problems for the researcher in management studies — and, of course, for the librarian: uncovering what has been written in any one area is not an easy task. This volume aims to help the librarian and the researcher overcome some of the immediate problems of identification of material. It is an annotated bibliography of management, drawing on the wide variety of literature produced by MCB University Press. Over the last four years, MCB University Press has produced an extensive range of books and serial publications covering most of the established and many of the developing areas of management. This volume, in conjunction with Volume I, provides a guide to all the material published so far.

AT the very outset of this paper it is necessary to make clear that it is not an attempt to compile an exhaustive bibliography of literature relating to special librarianship. Neither space nor time permit this. In fact, the references given can only claim to be a sample of the wealth of material on the subject and this paper is submitted in the hope that it will stimulate others to more scholarly efforts. Reference numbers throughout this paper refer to items in the ‘Select list of references to the literature of special librarianship’, section 2 onwards.

The following classified, annotated list of titles is intended to provide reference librarians with a current checklist of new reference books, and is designed to supplement the RSR review column, “Recent Reference Books,” by Frances Neel Cheney. “Reference Books in Print” includes all additional books received prior to the inclusion deadline established for this issue. Appearance in this column does not preclude a later review in RSR. Publishers are urged to send a copy of all new reference books directly to RSR as soon as published, for immediate listing in “Reference Books in Print.” Reference books with imprints older than two years will not be included (with the exception of current reprints or older books newly acquired for distribution by another publisher). The column shall also occasionally include library science or other library related publications of other than a reference character.

Academician A. N. Tupoley, designer of the Tu‐144 supersonic transport, has been awarded an Honorary Fellowship of the Royal Aeronautical Society. Honorary Fellowships have also been awarded to Sir Robert Cockburn, Fellow Commoner, Churchill College, Cambridge, and to Dr C. S. Draper, Professor Emeritus, Massachusetts Institute of Technology. Honorary Companionship has been awarded to Sir Anthony Milward, ex‐Chairman of B.E.A. The Society's Gold Medal is awarded to Mr Walter Tye, Chief Executive of the Air Registration Board, and the Society's Silver Medal to Mr E. E. Marshall, Technical Director, B.A.C., Weybridge. Mr N. F. Harpur, Chief Technician at British Aircraft Corporation, Filton was awarded the Society's Bronze Medal, and the Wakefield Gold Medal went to Mr J. H. Briggs, Director/Electronics, Research and Development (Civil Aviation), Ministry of Aviation and Supply. The British Gold Medal for Aeronautics for 1970 has been awarded to Mr P. A. Hufton, Deputy Director of the Royal Aircraft Establishment and the British Silver Medal for Aeronautics for 1970 goes to Mr M. J. Brennan, Executive Director Special Projects, Hawker Siddeley Aviation Ltd.

One important discussion comes under Knight’s heading of “Social Control.” To appreciate his argument, one has to understand that Knight’s social theory is developed within a tension between: (1) his knowledge that social control is both inevitable and necessary; and (2) his correlative desire for individual autonomy. One could add to that a hatred of social control, some of which is relevant. But what Knight dislikes is, first, selective elements of existing social control and, second, change of social control, e.g. change of the law by law, except for those changes of the law that remove the selective elements he dislikes; Knight is not opposed to all change of social control. In any event, the problem of social control is also for Knight (as it was for Vilfredo Pareto) the problems of social change and of the status of the status quo as well as of hierarchy.

The study of arms control and disarmament is a subject of renewed interest in the United States. The attention of academicians, politicians, and average citizens, focused by a fear of nuclear holocaust, has turned to questions of how best to seek peace and safety in the nuclear age. Courses and programs devoted to arms control and disarmament and methods of achieving peaceful resolution of conflicts in today's world are offered at all educational levels, and the general public, aware of the necessity of being well‐informed on such an important topic, is looking for ways to obtain factual and reliable information to help sort out the conflicting claims of political spokespeople. Such material does exist and should be available to researchers, professors, students, and citizens, so that they can form opinions and attempt to influence policy on the basis of a sound understanding.

Fifty years ago the political scientist Robert Dahl concluded that courts are usually in sync with “the policy views dominant among the lawmaking majorities” and thus offer little help to aggrieved minorities (Dahl, 1957, p. 285). In recent years, Dahl's classic formulation has received renewed attention. This chapter uses the example of the Rehnquist Court's First Amendment decisions to analyze “regime politics” theory. On religion cases the Rehnquist Court was generally in sync with the socially conservative strain in the Republican Party, but in other First Amendment areas the pattern is far more complex, raising questions about the relationship between conservative judges and the political movements that brought them to office.