Share ribs redux

Attempts to examine how commodity price changes affect internal income distribution in competitive Heckscher–Ohlin settings have typically focused on factor-intensity differences among sectors, with each sector having a different factor being used most intensively, as captured by its factor distributive share having maximal value. This paper adopts this specification, but adds the restriction that the  shape  of the profile of distributive factor shares, from most to least intensively used, be the same among commodities. The focus is on the importance of the amount by which the most intensively used factor differs from the next as well as the rate of decline of shares for the less intensively used factors in any industry. Strong Stolper–Samuelson results are obtained for some share ribs, and oscillating factor returns for others.     

An Exploratory Model of Interpersonal Cohesiveness in New Product Development Teams

There has been a heavy emphasis in new product development (NPD) research on intrateam issues such as communication, trust, and conflict management. Interpersonal cohesiveness, however, has received scant attention. In addition, there are conflicting findings regarding the effects of close‐knit teams, which seem to have a beneficial effect up to a point, after which the tight bond becomes a detriment. This paper addresses these issues by introducing an exploratory model of interpersonal cohesiveness→NPD performance that includes antecedents, consequences, and moderating factors. Antecedents of interpersonal cohesiveness include clan culture, formalization, integration, and political dominance of one department, while consequences are groupthink, superordinate identity, and, ultimately, external/internal new product (NP) performance. The relationships among interpersonal cohesiveness, groupthink, and superordinate identity appear to be influenced by two moderating factors: team norms and goal support. Additionally, product type is identified as a moderator on the effects of both groupthink and superordinate identity on external NP performance. The model is built from two sources: a synthesis of the literature in small group dynamics and NPD, and qualitative research conducted across 12 NPD teams. Individual team leaders were interviewed first, followed by interviews with two additional members on each team, for a total of 36 interviews. In keeping with the goals of qualitative research, the interviews and analysis were used to identify and define aspects of interpersonal cohesiveness rather than to test a preconceived model. Representation of different industries and product types was sought intentionally, and variance in NP innovativeness as well as in NP market success/profitability became key criteria in sample selection. The exploratory model and propositions developed in this study provide a framework for understanding the role of interpersonal cohesiveness in NPD teams and its direct and indirect effects on NP performance. Although a significant amount of research on cohesiveness has been conducted in previous studies of small groups, the narrow laboratory settings of that research have limited the generalizability of the findings. This study therefore serves as a useful starting point for future theory development involving interpersonal cohesiveness in NPD. It also provides a guide for managers in dealing with team cohesiveness.     

An Evaluation of the Decision Usefulness of Cash Flow Statements by Australian Reporting Entities

In June 1991, the Australian Accounting Standards Board issued AASB 1026, Statement of Cash Flows. Since replacing the funds flow statement, the new accounting standard has become a compulsory part of Australian corporate financial reporting. In contrast to cash flow developments in the US and UK. the emergence of AASB 1026 has been preceded by almost no significant research attention by Australian academics. This study surveyed the attitudes to cash flow statements of 210 public companies listed on the Australian stock exchange. Findings revealed that there was particularly strong support for the essential provisions of AASB 1026 and the underlying principles of cash flow reporting. The results indicated that the cash flow statement is important for a wide variety of internal and external decision contexts, and appealed to a wide range of users. Furthermore, compared with previous research (e.g. McEnroe, 1989), the present survey demonstrated that operating profit was not considered by a large number of Australian companies to be a superior measure of business performance to operating cash flow.     

Household decision-making for everyday travel: a case study of walking and cycling in Lancaster (UK)

Increased walking and cycling for short journeys in urban areas has many obvious advantages yet so far gains from the promotion of more sustainable travel of this type are mostly small. This paper reports on a large research project which uses a mixed method approach to explore attitudes to and perceptions of walking and cycling, and which examines the process of household decision-making for everyday travel and the constraints that this imposes. Using survey, interview and ethnographic data it is argued that many people hold ambiguous and sometimes contradictory views of walking and cycling as effective means of everyday travel, that what they do rarely matches precisely what they believe, and that the complexity and contingency associated with everyday travel for many households is a major barrier to the use of more sustainable travel modes. It is suggested that better understanding of these processes could help to inform both future transport policy and the promotion of walking and cycling for short trips in urban areas.