EXAMINATION OF A PATH MODEL RELATING INFORMATION TECHNOLOGY INFRASTRUCTURE WITH FIRM PERFORMANCE

This article draws on the resource‐based view of the firm to investigate the mechanisms through which information technology (IT) impacts firm performance. Research suggests that the relationship between IT and firm performance may be both direct and indirect. In this study, a path model is tested that proposes a firm's IT infrastructure resources as having both a direct impact on organizational performance, as well as an indirect effect that is propagated through its impact on an intermediate organizational resource, a firm's logistics information system (LIS). The results suggest that positive firm performance may be derived directly from an organization's superior IT infrastructure, as well as indirectly, through its enabling impact on LIS's. These findings contribute to our understanding of the nature of the relationship between IT and firm performance by exploring the value of IT at both the process and organizational levels.     

Dismantling the south-west coalition: further evidence of distributive politics in preemption legislation

Economics of Governance - The factors influencing legislative voting behavior have often been studied. This is especially true regarding antebellum federal preemption legislation. Several...     

Planning in India: Lessons from four decades of development experience

This paper argues that planning as practiced in India has in many respects failed to achieve national development objectives over the long term. Four different sets of factors can be identified as probably having contributed to this failure: (1) faulty premises and development strategies, (2) problematic and counterproductive implementation mechanisms, (3) the emergence of powerful interest groups that appropriate public resources and blocked needed policy reforms, and (4) the slowness to learn from experience and consequent lack of flexibility and adaptation. These forces were not mutually independent, and hence their relative importance is difficult to gauge precisely.     

Exploring corporate governance research in accounting journals through latent semantic and topic analyses

The literature on corporate governance (CG) has been expanding at an unprecedented rate since major corporate scandals surfaced, such as Enron, WorldCom, and HealthSouth. Corresponding with accounting's important role in CG, accounting scholars increasingly have investigated CG in recent years, so the body of literature is growing. Although previous attempts have been made to summarize extant literature on CG via reviews, none of these attempts has utilized recent developments in text analyses and natural language processing. This study uses latent semantic and topic analyses to address this research gap by analysing abstracts from 1,399 articles in all accounting journals that the Australian Business Deans Council (ABDC) has rated A and A*. The ABDC journal list is widely recognized as a journal‐quality indicator across many universities worldwide. The analyses revealed 10 distinct research topics on CG in the ABDC's top accounting journals. The results presented include the five most representative articles for each topic, as distinguished by topic scores. This study carries important practice and policy implications, as it reveals major research streams and exhibits how researchers respond to various CG problems.     

RATIONAL TIMING OF CALLS OF CONVERTIBLE PREFERRED STOCKS

Conversion-forcing calls of convertible preferred stocks are re-examined focusing on the value of the conversion option impounded in the preferred price. This amount represents the preferred shareholder wealth potentially transferable to common stockholders. Capture of this wealth underlies the theoretical motivation for calling and forcing conversion as soon as possible. Most of the preferred issues examined exhibit nonpositive average option values throughout all but short periods; hence, no wealth transfer opportunity exists for immediate calls. Issues that exhibit positive option values are called quickly. In contrast to interpretations that have persisted for over fifteen years, our results reveal no substantial delays in calling convertible preferred stocks.     

Comparisons of stakeholder perceptions of tourism impacts in rural eastern North Carolina

The purpose of this study was to discover if differences in perceptions of tourism's impacts on a rural community existed between four stakeholder groups in eastern North Carolina: residents, entrepreneurs, government officials, and tourists. Data were collected from stakeholders using a mail-back questionnaire, which included nine Likert-style questions inquiring about attitudes and perceptions of tourism development in the community. To discover if differences existed, an ANOVA test was conducted for each question, followed by a Scheffe test to determine which groups were different. The analysis indicated that there were differences in the perception of tourism impacts between stakeholder groups. More specifically, the results of the ANOVA test indicated that there were statistically significant differences between stakeholder groups for seven of the nine questions. Differences were identified between the entrepreneurs and government officials, residents and governmental officials, residents and entrepreneurs, and residents and tourists.     

A preliminary technology assessment of a standardized container recycling system

As America shifts to a metric system, an opportunity exists to develop a standardized container recycling system (SCR). Such a system would consist of a limited number of glass container sizes and shapes which could be recycled without the necessity to reform the container. A preliminary technology assessment has been conducted of the SCR system. The major advantages are energy savings and reductions in solved waste. Disadvantages include a displacement of labor and increased consumer inconvenience.