Evaluating the Role of the Sunshine Coast University (USC) in the Regional Economy

The research findings discussed in this paper present ideas from the second stage of a project to evaluate the role of higher education institutions (HEIs) in regional economies. Using data developed through a learning region framework, the research schematically represents HEI linkages to the region. Possible linkage scenarios for each of six dimensions associated with embeddedness are presented. The findings suggest that this qualitative approach moves us closer to better capturing the complexity and role of HEI in regional development.     

The era of #MeToo and what managers should do about it

#MeToo has become a global phenomenon since 2017, when many famous women came forward with allegations of sexual harassment (SH) against many famous men. Our purpose here is to help managers of both sexes understand their role in the wake of the #MeToo movement. We reviewed recent research on SH and #MeToo from both academic and practitioner outlets to get a pulse on what is currently being written on these topics. We also studied data we collected on current attitudes and behaviors men and women are experiencing in the wake of #MeToo, as well as examined one of the newer forms of harassment, namely online SH. We use our data and research to explore actions managers can take to prevent SH and respond to it when it occurs. In doing so, we provide new insights for business practice that both managers and scholars need to be aware of, and act upon, in the wake #MeToo.     

The Macroeconomic Consequences of Long-Term Unemployment

This article examines the linkages between long-term unemployment and two important recent debates in Australia: first, whether unemployment exhibits hysteresis tendencies; second, the nature of the relationship between unemployment and real wages. Our findings favour the hysteresis account in that the evidence rejects an equilibrium relationship between long-term and total unemployment. Also, the effect on real wages of an increase in the number of longterm unemployed is found to be both positive and significant.     

Selection of telemarketing employees by standardized assessment procedures

Previous marketing research has focused on the optimal use of an existing salesforce, reflecting relatively little interest in the effects of salesforce selection on subsequent sales performance. A predictive validity study is described herein in which 85 telemarketing employees in a large telecommunications company were, prior to being hired, administered a battery of cognitive-ability and self-report trait measures. Three months later they were assessed on their job performance. Two cognitive-ability tests—one measuring perceptual speed and accuracy, the other, divergent thinking ability—and a number of scales from both a widely used personality questionnaire (the California Psychological Inventory [CPI]) and a special-purpose telemarketing selection instrument (the Telemarketing Applicant Inventory) yielded significant validities (of between 0.18 and 0.41) for at least one of several aggregated job-performance measures. A predictively-effective composite was derived, consisting of the two cognitive-ability tests noted and three CPI scales (Self-Acceptance, Socialization, and Achievement via Conformance). The composite yielded statistically-significant and useful predictive validities (of between 0.32 and 0.49) for several aggregated job-performance criteria. Utility analysis—a technique often used to examine the organizational consequences of selection strategies—was performed, with the present results reflecting substantial gains to the hiring organization. The reported research highlights the importance of effective hiring practices in achieving optimal subsequent salesforce performance. © 1997 John Wiley & Sons, Inc.     

So Many Hospitals,So Little Information: How Hospital Value‐Based Purchasing Is a Game of Chance

As part of the Patient Protection and Affordable Care Act, participating hospitals have part of their Medicare reimbursements withheld and then redistributed based on quality performance. The Hospital Value‐Based Purchasing reimbursement plan relies partly on ordinal rankings of hospitals to determine how money is distributed. We analyze the quality metric score distributions that underlie payment redistribution and show that there is not enough information to reliably differentiate hospitals from one another near the program point cutoffs, and conclude that a large part of the payment formula is driven by sampling variability rather than true quality information. An alternative plan for rewarding hospitals is developed.     

Scientific foundation,patents, and new product introductions of biotechnology and pharmaceutical firms

Absorptive capacity (ACAP) has long been used in the research of technology firms as an indication of knowledge acquisition. This paper links knowledge input using new product introductions (NPI), to commercial output, addressing one of the key criticisms of research and development expenditures as a measure of an organization's effort. We propose that firms with a strong basic science foundation such as biology and chemistry seek to advance their scientific knowledge in addition to developing and selling innovative products. In contrast, corporations with a more applied focus forego fundamental scientific advancement and concentrate their actions on the development of innovative products. Results from a sample of 487 firms over a 10‐year period indicated that firms with an applied science foundation had greater numbers of NPIs, both breakthrough and innovative, suggesting that a solutions‐based approach had greater value in terms of innovative output. The pursuit of science may build knowledge, but a clear link between increased ACAP and innovative output was not found. Our results also suggest that basic science firms have a positive relationship with both breakthrough and incremental NPIs using merger and acquisition activities. Applied science firms found university alliances useful in generating NPIs.     

Personal development on youth expeditions: a literature review and thematic analysis

Youth expeditions are associated with a range of benefits for participants. More young people are participating in overseas expeditions than ever before as vacation and gap year choices are diversified by a rising number of expedition providers. To date, there has been no systematic research effort to draw together and evaluate the evidence that underpins the benefits or, otherwise, for youths participating in overseas expeditions. This paper reviews empirical and philosophical literature which has been published in a range of journals and themes emerging are placed into a personal growth model. This review (or mapping exercise) focused on post-1990 literature and found 35 key publications which met the criteria: youth expedition; duration exceeding 14 days, self-propelled, and based overseas or out-of-state. The 35 publications (UK 26; USA 4; Australia 3; Japan 1; South Africa 1) were subjected to a thematic analysis using Greenaway’s ‘Four Arrows’ model of personal growth. Outcomes associated with overseas youth expedition participation included (1) upward personal growth (realising potential) including increased confidence; physical and social resilience; self-reliance and ability to overcome challenges, (2) outward personal growth (learning about & relating to others), (3) inward personal growth (learning about self) and (4) downward personal growth (learning about environment). The processes that were valued in overseas expeditions and which, with some caution, may be linked with some of the aforementioned outcomes include: genuine independence; group isolation and self-sufficiency; person-centred leadership; positive responses to stress and physically demanding activity. Suggestions for areas for further meaningful research are offered.     

The effect of entrepreneurial rhetoric on microlending investment: An examination of the warm-glow effect

Microlending provides a valuable alternative to traditional financing for entrepreneurs in impoverished countries. Drawing from theory on political rhetoric and the concept of warm-glow giving, we examine characteristics of entrepreneurial narratives that are related to how quickly entrepreneurs receive funding. Using a sample of 6051 narratives from entrepreneurs in developing countries, we demonstrate that narratives higher in language indicating blame and present concern lead to more rapid funding, while narratives higher in accomplishment, tenacity, and variety lead to slower funding. Our findings suggest that the presentation of investment profiles should be carefully managed to maximize funding likelihood.     

Refining the real estate pricing model

Investment theory dictates that capitalisation (cap) rates for freehold real estate should be determined by the risk-free nominal rate of return plus the risk premium (RP) less the expected growth rate, with an allowance for depreciation. However, importing the concept of the RP from the capital markets fails to guide investors through the complexities of the asset, or enable exploration of purchaser preferences and behaviour. A refined pricing model for real estate is proposed, based on a concept termed a risk scale, to distinguish between macro (market) and micro (stock) determinants of risk and growth within the RP. This pricing model is estimated for a major global investment market, using a cross-sectional inter-temporal framework, with a data-set of 497 transactions in the London office sector over 2010 Q2–2012 Q3. Average cap rates are estimated at just over 5%, with asset-specific attributes dominating yield determination, with submarket quality and tenant covenant most important; and unexpired term insignificant, surprising during the ‘flight to safety’ characterising the period. International investors bought at lower cap rates, despite the ongoing economic and financial instability of the study period. Improving understanding of pricing behaviour and market transparency is important and may be advanced through the pricing model.