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The purpose of this paper is to determine if macroeconomic announcements affect the Fama‐French market, size, book‐to‐market risk factors and momentum factor.

Using unexpected announcements of major macroeconomic indicators, a study is made of how daily innovations of risk factors react to macroeconomic shocks. In a Flannery and Protopapadakis framework, the impact of macroeconomics surprises on the levels and volatilities of the risk factors is measured. A VAR model is employed as a robustness check. To better understand the mechanism of announcement impacts on risk factors, the relationship between the macroeconomics announcements and Fama‐French size/book‐to‐market portfolio returns is investigated.

Inflation, employment, consumption and business activities were found to affect levels and volatilities of risk factors. However, these macro variables affect risk factors differently. Inflation and non‐farm payrolls decrease the market risk premium while increasing the size premium. Personal income increases the size premium while reducing the book‐to‐market premium. Industrial production and GDP only influence the level of the momentum factor. In this model specification, producer inflation (PPI) and personal income increase the volatility of the size premium while business inventories increase the volatility of the market premium.

This paper's results support the notion that different risk factors capture different economic fundamentals.

This is the story of an ageing fitness fanatic and the financial sharks who circled his empire before destroying it. Peter Gosnell, The Daily Telegraph 17/4/2003:29. In 2001, Australian company HIH Insurance was placed into liquidation, with severe financial losses and devastating consequences for its employees and policyholders. Dubbed as ‘Australia’s biggest corporate collapse’ (Westfield 2003:241), the HIH case attracted a great deal of attention, not only because of its adverse economic and social impacts but also because it reads like a moral tale in which senior executives of a major business corporation infringe ethical principles and are chastised in the end for their greed, hubris and lack of social responsibility. An examination of media texts published as the case unfolded reveals a strong sense of moral indignation with the social consequences of the HIH collapse, reflected in particular in representations of the shamed executives as greedy, dishonest, arrogant and ruthless. This paper examines the discursive processes that generate representations of HIH senior executives in such dysfunctional terms. Its main contention is that these negative representations can be linked to the growing influence of discourses such as corporate social responsibility (CSR), conceptualised here as a counter‐hegemonic discourse that emerges in an era of increased reflexivity to challenge the legitimacy of dominant discourses of global capitalism. The structuring effects of these discourses are explored in this paper through a methodological framework that borrows from discourse analysis and narrative analysis. This framework reveals links between texts, discourses and macro‐systemic context ‐ or ‐ to borrow from Schegloff (1992) ‐ between proximate and distal contexts The first section of the paper discusses the methodological framework used in the study; the second section provides a brief overview of the broad social context within which the HIH narrative unfolds, and the third part examines the textual construction of the HIH narrative as a moral tale of advanced capitalism, paying particular attention to the portrayal of its key protagonists.

An appeal under the Food and Drugs Acts, reported in the present number of the BRITISH FOOD JOURNAL, is an apt illustration of the old saying, that a little knowledge is a dangerous thing. In commenting upon the case in question, the Pall Mall Gazette says: “The impression among the great unlearned that the watering of the morning's milk is a great joke is ineradicable; and there is also a common opinion among the Justice Shallows of the provincial bench that the grocer who tricks his customers into buying coffee which is 97 per cent. chicory is a clever practitioner, who ought to be allowed to make his way in the world untrammelled by legal obstructions. But the Queen's Bench have rapped the East Ham magistrates over the knuckles for convicting without fining a milkman who was prosecuted by the local authority, and the case has been sent back in order that these easygoing gentlemen may give logical effect to their convictions.”

According to Kuhn's The structure of scientific revolutions normal science makes progress under a unifying paradigm while the humanities flounder among many competing paradigms. Bibliometric reference analysis is here used to test for evidence of this dichotomy in publishing and citation patterns. 227 critical (humanities) papers (with 13,355 references) drawn randomly from exhaustive Dead Sea Scrolls bibliographies are compared with 162 archaeological (scientific) papers (2,494 references) from the same population. References in critical papers (where‐lack of paradigm unity diffuses research and impedes assimilation of individual papers) in general (with and without inclusion of ancient classics) and articles in particular (with/without) are found, as hypothesised, to have significantly higher average ages than references in the archaeological papers. Reference density ratios adjusted for changes in number of citable and citing papers suggest no decline in use with age for critical sources as is true in archaeology. Archaeological, but not critical, references cluster on a research front and are concentrated in the years of data collection. Periodicals (not less‐timely monographs) account, as hypothesised, for significantly more archaeological than critical papers, references, and references in articles only.

Sustainability and resilience challenges persist globally due to the lack of coordinated action among firms and community stakeholders. This is even more challenging for multinational corporations (MNCs) interacting across multiple, and often diverse, institutional environments. To be effective, MNCs’ sustainability efforts must respond to interdependent functions and systems in communities and rely on adaptive governance frameworks targeting long-term initiatives. The authors highlight the importance of public–private interconnections to promote resilience and enable the achievement of the sustainable development goals (SDGs). The authors introduce a methodology to analyze community resilience and present an in-depth, single case study of New Orleans. Findings provide important insights for the international business (IB) literature, but also critical implications for policymakers and practitioners.

The overall goal of science is to build a valid and reliable body of knowledge about the functioning of the world and how applying that knowledge can change it. As personnel and human resources management researchers, we aim to contribute to the respective bodies of knowledge to provide both employers and employees with a workable foundation to help with those problems they are confronted with. However, what research on research has consistently demonstrated is that the scientific endeavor possesses existential issues including a substantial lack of (a) solid theory, (b) replicability, (c) reproducibility, (d) proper and generalizable samples, (e) sufficient quality control (i.e., peer review), (f) robust and trustworthy statistical results, (g) availability of research, and (h) sufficient practical implications. In this chapter, we first sing a song of sorrow regarding the current state of the social sciences in general and personnel and human resources management specifically. Then, we investigate potential grievances that might have led to it (i.e., questionable research practices, misplaced incentives), only to end with a verse of hope by outlining an avenue for betterment (i.e., open science and policy changes at multiple levels).

Purpose – The chapter examines the relationship between Black elected officials (as candidates and in office) and the media that covers them by examining how media use race when discussing these officials.Design/methodology/approach – The chapter uses a content analysis design. The basic strategy is to examine eight years’ worth of discussion in newspapers, both in Ohio and nationwide, concerning Mark Mallory as he runs for mayor of Cincinnati and then acts as mayor from 2005 to mid-2012.Findings – The chapter provides information on how the media (mainstream media and Black media) includes racial mentions when discussing Mark Mallory. The findings support my two main hypotheses: that Mark Mallory is more heavily racialized as a mayoral candidate in mainstream newspapers than he is as a sitting mayor, and that for Black newspapers, he is more heavily racialized at either stage (candidate or sitting mayor) than he is with mainstream newspapers.Research limitations/implications – Because the research only looks at one individual, the findings lack generalizability. Therefore, researchers should expand the focus to examine more Black elected officials and/or Black candidates for office.Practical and social implications – The chapter shows how discussions of race around a Black elected official may be beyond that official’s control.Originality/value – This chapter is original in showing how race can be made a part of the public media discussions of minority elected officials. The research design gives us a template for future study of the influence of race in media representations in minority politics.

This paper aims to discuss a survey, carried out by the authors, of 256 employees employed in public and private manufacturing organizations in north India, to determine if emotional maturity factors have positive association with self-disclosure in the Indian context. Specifically, capitalization and social exchange theories support as major theoretical framework to examine the proposed relationship.

The sample data used were collected through a cross-sectional survey-based research design and a convenience sampling method. Totally, 290 questionnaires were distributed during office hours, administered with a paper and pencil survey. However, in the final analysis, only 256 responses were considered for analysis using multiple hierarchical regression analysis.

Results reveal that all dimensions of emotional maturity positively associated with self-disclosure. This study fully supports the applicability of capitalization and social exchange theories while explaining the proposed relationships in Indian context.

The present study used a cross-sectional survey-based research design; future studies may use longitudinal research design.

The study shows how to develop collective work culture and supportive work climate through emotional maturity and self-disclosure. Thus, employees become accustomed to multicultural team and cultural diversity issues at the workplace. The study also recommended that the organized employees social gathering will create positive feeling, and that such feelings of belonging to a group among employees will give reasons for self-disclosure and finally, in turn, to employee effectiveness.

More predominantly, the proposed association has not been examined before and the findings serve as a potential policy guideline for the self-disclosure literature through the perspective of capitalization and social exchange theories in understudied non-US cultures such as India.