When young soldiers drink: The impact of legal access to alcohol among U.S. Army soldiers

We study the impacts of legal access to alcohol on young U.S. Army soldiers. Regression discontinuity estimates reveal that soldiers report a large and significant increase in alcohol consumption after their 21st birthday; however, we precisely estimate that there are no meaningful impacts of legal access on any of the short-term outcomes we observe, including suicidal tendencies, depression, tobacco use, physical fitness, psychological health, fitness for combat deployment, and job-related infractions. Novel data on soldier's cognitive ability, psychological health, and family history allow us to explore whether the impacts of legal access vary by risk factors for alcohol abuse. While the increases in alcohol consumption were largest among those who had a family history of mental health problems, had better coping ability, and had higher cognitive ability, these subgroups did not uniformly experience adverse behavioral and physical outcomes upon gaining legal access to alcohol.     

Measuring new product and service portfolio advantage

International Entrepreneurship and Management Journal - The current study introduces the concept of new product and service portfolio (NPSP) advantage by creating and validating a three-dimensional...     

“I know I can,but I don't fit”: Perceived fit,self-efficacy,and entrepreneurial intention

While extant literature generally suggests a positive relationship between entrepreneurial self-efficacy and entrepreneurial intention, several moderators have been identified – suggesting possible boundary conditions on that relationship. This paper introduces perceived person-entrepreneurship fit to entrepreneurship and shows that it moderates the relationship between entrepreneurial self-efficacy and entrepreneurial intention. Three studies are conducted which illuminate the utility of randomized experiments and methodological approaches to address limitations in the interpretation of empirical results. Studies 1 and 2 are randomized experiments to examine causality; Study 3 contains two correlational surveys to triangulate the results by examining whether the proposed effects withstand the influence of confounding variables in real-life. The findings indicate that when a strong perception of fit with entrepreneurship is achieved, entrepreneurial intention is strongly predicted by entrepreneurial self-efficacy. In contrast, if one perceives a low level of fit or no fit, entrepreneurial intention will be low, regardless of entrepreneurial self-efficacy.     

Generation Z Perceptions of a Positive Workplace Environment

Employee Responsibilities and Rights Journal - The most recent generation to enter the workplace, generation Z, has been stereotyped as being less engaged in the workplace, despite being highly...     

The business aviation industry: growth,contraction and consolidation

Business Economics - The most significant portion of revenue within the general aviation industry derives from business aviation. Since the mid-1960s, this industry segment has always been largely...     

Four facts about dividend payouts and the 2003 tax cut

Recent literature has claimed that the 2003 U.S. dividend tax cut caused a large increase in aggregate dividend payouts. I document four simple facts that call this claim into question. First, the post-tax cut increase in dividend payouts coincided with a surge in corporate profits, such that the dividend payout ratio did not rise. Second, share repurchases increased even more rapidly than dividend payouts. Third, dividend payouts by Real Estate Investment Trusts also rose sharply, even though they did not qualify for reduced taxation. Finally, the stock market was forecasting an increase in dividend initiations by mid-2002, before the tax cut had been proposed.     

Communicative Action and Corporate Annual Reports

Annual reports are an important element in the genre of corporate public discourse. The reporting practices mandated by the Securities and Exchange Commission for all publicly traded corporations are intended to render the annual reports a legitimate and trustworthy medium through which management communicates information related to the financial performance of the firm. The following discussion represents an inaugural attempt to investigate the ethical characteristics of the discourse found in corporate annual reports using Habermas' principles of communicative action. In preparing the Management's Discussion and Analysis (MD&A) portion of the report, managers are charged with providing narrative information for investors and other interested third parties relevant to assessing the firm's financial condition. Previous rhetorical studies of the narrative portions of annual reports argue that they serve as means for both legitimate and distorted communication. We investigate this communication medium through the lens of Habermas' norms for communicative action, which require communicators to be comprehensible, truthful, sincere, and legitimate. The study represents an initial attempt to operationalization Habermas' principles of communicative action and to employ a methodology that facilitates their application to research within a business context. From one perspective, consistent with agency theory as specified by neoclassical economics, it would seem that firms anticipating worse-than-expected financial performance would be less likely to exhibit the Habermasian principles necessary for undistorted communication because they would attempt to strategically influence the message being communicated about the firm's financial position. Instead, employing rhetorical analysis software, Diction 5.0, we found that firms expecting both good and bad earnings surprises exhibited a higher level of communicative action than a composite average firm. Although preliminary in nature, our findings suggest that firms anticipating large earnings surprises, either high or low, use the narrative portion of the annual report as a vehicle through which to communicate information about managements' veracity and trustworthiness as well as the firm's financial position.     

Creative Analogy As a Means of Articulating Incongruent Sponsorships

Sponsorship congruence refers to the extent to which associations held for a property are perceived as sharing content and meaning with those held for a brand. Congruence has been shown to enhance the benefits derived from sponsorship. Consequently, it is important for an incongruent sponsor to articulate how it is related to a property. Analogical articulation represents a creative way of resolving perceptions of incongruity. A contribution of the current research is that it is the first to distinguish sponsorship effects on the basis of articulation type. Across four studies in which analogical articulations of incongruent sponsorships are compared to unarticulated and nonanalogical articulations (for both congruent and incongruent sponsorships), we find that analogical articulations improve perceptions of an incongruent sponsor's fit with a property and also perceptions of the sponsorship alignment's creativity. Analogical articulations also elicited a more pronounced “aha” moment of insight, which was found to mediate the effect of analogical articulation on perceptions of fit and creativity. Finally, analogical articulations yielded greater recall of the sponsorship.     

Leader‐Member Exchange,Group‐ and Individual‐Level Procedural Justice and Reactions to Performance Appraisals

Previous research has established that relationships with authority figures and procedural justice perceptions are important in terms of the way in which employees react to organizational procedures that affect them. What is less clear are the reasons why exchange quality with authorities is related to perceptions of process fairness and the role of procedural justice climate in this process. Results indicate that individual‐level perceptions of procedural justice, but not performance ratings, partially mediate the relationship between exchange quality and reactions to performance appraisals, and that procedural justice climate is positively related to perceptions of procedural justice and appraisal reactions. These results support a more relational than instrumental view of justice perceptions in organizational procedures bound by exchange quality with an authority figure. Our study suggests that it is essential for managers to actively monitor and manage employee perceptions of process fairness at the group and individual levels. © 2015 Wiley Periodicals, Inc.