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1 – 10 of over 236000A majority of products for manufacturing or consumers have multiple characteristics that must meet the requirements of the customer. For example, a steel beam any have dimensional…
Abstract
A majority of products for manufacturing or consumers have multiple characteristics that must meet the requirements of the customer. For example, a steel beam any have dimensional tolerances on its length, width, or height and functional tolerances on its strength. The characteristics are influenced by different processes that create the product. For an individual characteristic, process capability measures exist that convey the degree to which the characteristic meets the specification requirements. Such measures may indicate the proportion of nonconforming product related to the particular characteristic, under some distributional assumptions of the characteristic. For products with multiple characteristics, the unit costs of rectification may be different, making the satisfaction of some characteristics meeting customer requirements more important than others. In this paper, an aggregate process capability performance measure is developed that considers the relative importance of the characteristic based on unit costs of nonconformance. Based on the aggregate measure, appropriate process capability measures for the individual measures are also derived. Bounds on the aggregate capability measures are also established.
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Xin Huang, Ting Tang, Yu Ning Luo and Ren Wang
This study aims to examine the impact of board characteristics on firm performance while also exploring the influential mechanisms that help Chinese listed companies establish…
Abstract
Purpose
This study aims to examine the impact of board characteristics on firm performance while also exploring the influential mechanisms that help Chinese listed companies establish effective boards of directors and strengthen their corporate governance mechanisms.
Design/methodology/approach
This paper uses machine learning methods to investigate the predictive ability of the board of directors' characteristics on firm performance based on the data from Chinese A-share listed companies on the Shanghai and Shenzhen stock exchanges in China during 2008–2021. This study further analyzes board characteristics with relatively strong predictive ability and their predictive models on firm performance.
Findings
The results show that nonlinear machine learning methods are more effective than traditional linear models in analyzing the impact of board characteristics on Chinese firm performance. Among the series characteristics of the board of directors, the contribution ratio in prediction from directors compensation, director shareholding ratio, the average age of directors and directors' educational level are significant, and these characteristics have a roughly nonlinear correlation to the prediction of firm performance; the improvement of the predictive ability of board characteristics on firm performance in state-owned enterprises in China performs better than that in private enterprises.
Practical implications
The findings of this study provide valuable suggestions for enriching the theory of board governance, strengthening board construction and optimizing the effectiveness of board governance. Furthermore, these impacts can serve as a valuable reference for board construction and selection, aiding in the rational selection of boards to establish an efficient and high-performing board of directors.
Originality/value
The study findings unequivocally demonstrate the superiority of nonlinear machine learning approaches over traditional linear models in examining the relationship between board characteristics and firm performance in China. Within the suite of board characteristics, director compensation, shareholding ratio, average age and educational level are particularly noteworthy, consistently demonstrating strong, nonlinear associations with firm performance. Within the suite of board characteristics, director compensation, shareholding ratio, average age and educational level are particularly noteworthy, consistently demonstrating strong, nonlinear associations with firm performance. The study reveals that the predictive performance of board attributes is generally more robust for state-owned enterprises in China in comparison to their counterparts in the private sector.
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We investigate the reasons why income inequality is so high in Spain in the EU context. We first show that the differential in inequality with Germany and other countries is…
Abstract
We investigate the reasons why income inequality is so high in Spain in the EU context. We first show that the differential in inequality with Germany and other countries is driven by inequality among households who participate in the labor market. Then, we conduct an analysis of different household income aggregates. We also decompose the inter-country gap in inequality into characteristics and coefficients effects using regressions of the Recentered Influence Function for the Gini index. Our results show that the higher inequality observed in Spain is largely associated with lower employment rates, higher incidence of self-employment, lower attained education, as well as the recent increase in the immigration of economically active households. However, the prevalence of extended families in Spain contributes to reducing inequality by diversifying income sources, with retirement pensions playing an important role. Finally, by comparing the situations in 2008 and 2012, we separate the direct effects of the Great Recession on employment and unemployment benefits, from other more permanent factors (such as the weak redistributive effect of taxes and family or housing allowances, or the roles of education and the extended family).
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This study examines the effects of a family's and individual children's characteristics on the probability of having a divorce. Current research shows a clear indication of…
Abstract
This study examines the effects of a family's and individual children's characteristics on the probability of having a divorce. Current research shows a clear indication of increased divorce risks if an individual's parents or siblings have experienced a divorce. Explanations include both shared family characteristics (including genetic effects) and common characteristics of the individual children involved. This study analyzes the effects of shared family background characteristics on the divorce risk of individuals. By analyzing siblings within families and including individual children's characteristics in the analysis, it is possible to separate individual-level and family-level effects.
In addition to employing a multi-level structure of individual siblings nested within families, the data cited here are censored. For all individuals, the length of the marriage and the divorce status are known, but the divorce status is interpreted differently for individuals who have or have not experienced divorce. For divorced individuals, the final divorce status is known; for individuals who have not experienced divorce, the final marriage status is unknown or censored. The proper analysis model for such data is event history (also called survival) analysis. This study therefore employs a multi-level event history model.
Our results show that there is a similarity in the divorce risks of siblings from the same family, which is not explained away by the available child and family characteristics. This finding suggests that shared genetic and social heritage play an important role in the intergenerational transmission of divorce risks.
Michael J. Lovaglia, Shane D. Soboroff, Christopher P. Kelley, Christabel L. Rogalin and Jeffrey W. Lucas
To determine the age at which influence peaks for men and women at work, then use empirical data to develop procedures predicting complex combining effects of diffuse status…
Abstract
Purpose
To determine the age at which influence peaks for men and women at work, then use empirical data to develop procedures predicting complex combining effects of diffuse status characteristics.
Methodology/approach
A survey experiment with a nationally representative sample is used to measure the age at which the status value of men and women at work reaches a maximum. Research results are then incorporated into equations adapted from current status characteristics theory (SCT) procedures to model the combined effects of age, gender, race/ethnicity, education, income, occupation, and beauty.
Findings
Analyses reveal that the status value of men and women reaches a maximum in middle age, and that women reach a maximum status value at work at an earlier age than men.
Research limitations/implications
This approach maintains core assumptions of SCT and uses ongoing research results to calibrate a model predicting complex combining effects of diffuse status characteristics. Limitations include the need to develop additional empirical constants to make predictions in new research settings.
Practical implications
Predictions from the model can be used in hiring situations to adjust for interviewers’ nonconscious expectations related to status characteristics of job applicants.
Social implications
The disadvantage for women at work that increases through mid-career helps to explain the continuing underrepresentation of women in senior leadership positions. Awareness of the impact of socially valued characteristics like age and gender can help individuals respond more effectively to challenging social situations.
Originality/value
Extend the current SCT model to make predictions in contexts where people are being evaluated such as elections, hiring, and promotions.
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Valery J. Frants, Jacob Shapiro and Vladimir G. Voiskunskii
Processes, in practice, may involve more than one quality characteristic that are of interest. It is quite possible for such quality characteristics to not be independent of each…
Abstract
Processes, in practice, may involve more than one quality characteristic that are of interest. It is quite possible for such quality characteristics to not be independent of each other since the magnitude of one of the characteristics may influence the magnitude of the other characteristics. Under this setting, it is of interest to determine the optimal settings of the process parameters (usually the process mean and the process standard deviation of each quality characteristic) under various objectives. Some of the objectives may be conflicting to each other. In general, it may be possible for the decision-maker to prioritize the objectives. Using such a prioritized scheme, it is of interest to determine the optimal settings of the process mean and standard deviation for each quality characteristic that is being monitored. Such solutions could be labeled as “satisficing” solutions. Sensitivity analyses of the decision variables to the chosen objectives and parameter values are also investigated.
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Joseph Berger, David G. Wagner and Murray Webster
We survey and organize over fifty years of theoretical research on status and expectation state processes. After defining some key terms in this theoretical approach, we briefly…
Abstract
Purpose
We survey and organize over fifty years of theoretical research on status and expectation state processes. After defining some key terms in this theoretical approach, we briefly describe theories and branches in the program.
Methodology/Approach
We also focus on a few theories that illustrate distinct patterns of theory growth, using them to show the variety of ways in which the research program has grown.
Findings
The program structure developed from a single set of theories on development and maintenance of group inequality in the 1960s to six interrelated branches by 1988. Between 1988 and today, the overall structure has grown to total 19 different branches. We briefly describe each branch, identifying over 200 resources for the further study of these branches.
Research Implications
Although the various branches share key concepts and processes, they have been developed by different researchers, in a variety of settings from laboratories to schools to business organizations. Second, we outline some important issues for further research in some of the branches. Third, we emphasize the value of developing new research methods for testing and applying the theories.
Practical Implications
These theories have been used to explain phenomena of gender, racial, and ethnic inequality among others, and for understanding some cases of personality attributions, deviance and control processes, and application of double standards in hiring.
Social Implications
Status and expectation state processes often operate to produce invidious social inequalities. Understanding these processes can enable social scientists to devise more effective interventions to reduce these inequalities.
Originality/Value of the Chapter
Status and expectation state processes occupy a significant segment of research into group processes. This chapter provides an authoritative overview of ideas in the program, what is known, and what remains to be discovered.
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Christopher D. Moore and Christabel L. Rogalin
Identifies where status and identity processes converge in social interaction and when one process may become more consequential than the other.
Abstract
Purpose
Identifies where status and identity processes converge in social interaction and when one process may become more consequential than the other.
Methodology/approach
Drawing upon existing experimental data, we illustrate how affect control theory and status characteristics theory make seemingly contradictory predictions in certain limited interactions and propose a theoretical framework to potentially reconcile these differences.
Findings
Three pivot points are identified at which status and identity processes meet and then one of the processes more strongly predicts interaction outcomes.
Research limitations/implications
The chapter represents a starting point for future research examining situations where status and identity processes converge.
Originality/value
We suggest ways to empirically test related claims made by both theories in an array of circumstances.
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Frederick P. Morgeson and Stephen E. Humphrey
The design of work has been shown to influence a host of attitudinal, behavioral, cognitive, well-being, and organizational outcomes. Despite its clear importance, scholarly…
Abstract
The design of work has been shown to influence a host of attitudinal, behavioral, cognitive, well-being, and organizational outcomes. Despite its clear importance, scholarly interest in the topic has diminished over the past 20 years. Fortunately, a recent body of research has sought to reenergize research into work design by expanding our view of work design from a narrow set of motivational work features to one that incorporates broader social and contextual elements. In this chapter we seek to review the literature on work design and develop a framework that integrates both job and team design research. We begin by briefly reviewing the history of work design in order to provide needed historical context and illustrate the evolution of job and team design. We then define work design, particularly as it relates to incorporating job and team design elements and transitioning from a view of jobs to one of roles. Following this, we identify a comprehensive set of work design outcomes that provide the basis for understanding the impact that different work characteristics can have on individuals and teams. We then offer an extended discussion of our integrative model of work design, which includes three sources of work characteristics (task, social, and contextual) and the worker characteristics implied by these characteristics. Having defined the range of work and worker characteristics, we then discuss some of the fit and composition issues that arise when designing work, as well as discuss the mechanisms through which the work characteristics have their impact on outcomes. Finally, we discuss research into informal forms of work design.