An investigation of cultural cohesion in a community bank

This study examines the culture of a medium-sized community bank based in the Western United States. The study aims to identify the organization's culture and then measure the level of cultural cohesion that exists three years after a major cultural campaign was launched. The cultural characteristics the organization valued most highly were integrity, willingness to serve the customer and teamwork - all components of the official bank document on culture. Interestingly, the analysis uncovered some significant value differences among different employee groups and also employees and management; differences which can affect firm performance levels. The analysis also revealed that changing the culture in an organization does not necessarily lead to cultural cohesion.     

The effect of information releases on the pricing and timing of equity issues

With time-varying adverse selection in the market for new equityissues, firms will prefer to issue equity when the market ismost informed about the quality of the firm. This implies thatequity issues tend to follow credible information releases.In addition, if the asymmetric in information increases overtime between information releases, the price drop at the announcementof an equity issue should increase in the time since the lastinformation release. Using earning releases as a proxy for informativeevents, we find evidence supporting these propositions.     

Intertemporal variation in the information content of aggregate earnings and its effect on the aggregate earnings-return relation

Review of Accounting Studies - We develop and test explanations for sources of intertemporal variation in the information content of aggregate earnings and how that variation explains variation in...     

Entering the Minds of Serial Murderers: The Application of Forensic Leisure Science to Homicide Research

ABSTRACT

Years ago, a small handful of leisure scholars suggested that serial murder may be a form of leisure. However, to date this possibility remains virtually unexplored. This article draws from recent research to share reflections and rich, new insights on how leisure science may provide important contributions to serial homicide researchers and law enforcement personnel. At the same time, exploring such intersections offers leisure scholars new ways of understanding familiar concepts and theories. Possibilities for future research are discussed.     

Wellbeing and flow in sample of male and female office workers

The paper examines research into wellbeing and flow, considered as enjoyable challenging experiences. A questionnaire study is reported of the association between wellbeing in both work and leisure and flow in a sample of male and female office workers. Based on previous research it is hypothesized that flow is associated with wellbeing; flow is experienced more in work than in leisure; gender differences occur in the activities which give rise to flow. The results support all three hypotheses. The importance of flow for wellbeing is discussed, and a critique of the concept flow is presented. While the complex nature of the concept of quality of life is recognized, it is concluded that research into flow and wellbeing is important.     

Entropy-balanced accruals

Review of Accounting Studies - This study assesses whether the accrual-generating process is adequately described by a linear model with respect to a range of underlying determinants examined by...     

Block trading and information revelation around quarterly earnings announcements

I investigate the empirical importance of information revelationin the pricing of block trades. In particular, I examine whetherblock prices are correlated with the unexpected part of firms'quarterly earnings. For my sample of block trades, informationrevelation does indeed appear to be a significant factor shortlybefore earnings announcements.     

Inflation and real sectoral output shares: Dynamic panel model evidence from seven OECD countries

Models of the cost of inflation often conclude that inflation misallocates resources. For example, inflation may lead to an increase in the variability of relative prices and it is often claimed that this increase in variability leads to a misallocation of resources. This claim raises the following empirical question, does inflation alter the composition of real output; that is, does it change real output shares? We examine this question using dynamic panel data methods for nine sector panels each with seven OECD countries from 1970 to 2005. We find evidence that inflation changes the real shares of some sectors even when inflation is treated as endogenous.