Is it feasible?

The benefits offered by a feasibility study are considerable. Not only does it enable an organization to set a realistic campaign goal, but it can also help with the more inexact science of assessing the fund-raising climate.     

英语中it用法初探

在英语中it虽小,但其用法及其灵活。它可以用作人称代词、非人称代词、指示代词,也可以作先行词(作形式主语和形式宾语),还可以用于固定句型"强调结构"特别强调句子的某一成分。本文对it常见用法做以简单的介绍,希望能够对所学者有所帮助。     

Some Like it Non-Financial …

Abstract

Over the last decades the process of modernization in the public sector has fostered the adoption of new accounting techniques, such as accrual accounting and non-financial performance measurement systems. The purpose of this paper is to test hypotheses on the different perceptions of politicians and managers as to the importance of performance information. Our findings suggest that politicians’ and managers’ views on the importance of performance information are more similar than expected. They also show that accounting innovations are in some cases embraced with enthusiasm (non-financial performance), whereas in other cases they are hardly recognized (e.g. accrual accounting).     

自动驾驶:let it go

"第一次操作自动驾驶的车辆时,最重要的可能就是信任了。事实上,当它稳稳地停在停车线上的时候,我什么都没干,一定要let it go。"——来自于美国加州Palo Alto研发团队的高级经理Jan Becker一辆银色宝马驰骋在德国的高速路上,而驾驶员双手交叉胸前与副驾驶侃侃而谈,全然不顾方向盘。这可不是科幻     

Institutionalizing environmental performance in US industry: Is it happening and what if it does not?

A historical review of the ways business organizations in the United States have responded to demands that they improve their environmental performance reveals two clear outcomes: firms that effectively institutionalize improved environmental performance can garner significant strategic advantages for their efforts, and firms that do not often suffer severe legal consequences. Thus, institutionalization is a pivotal organizational process which determines whether a firm's environmental performance results in improved operating efficiency and market opportunities or in increased legal and regulatory hassles. In this paper, we use a survey and case-law review to investigate the degree to which improved environmental performance is being institutionalized in US firms and to determine what the potential legal consequences are for firms that fail to achieve such institutionalization. Our findings suggest that firms in US industry have made considerable efforts to institutionalize improved environmental performance, but they still have a long way to go. Unfortunately, our findings also suggest that failing to effectively institutionalize environmental performance has the potential for dire consequences, such as jail terms for strategic managers for environmental violations by subordinates. © 1998 John Wiley & Sons, Ltd and ERP Environment.     

Iterated Kalai–Smorodinsky–Nash compromise

In this paper, we introduce a new two-person bargaining solution, which we call iterated Kalai–Smorodinsky–Nash compromise (IKSNC). For its characterization, we present an axiom called \(\varGamma \)-Decomposability which is satisfied by any solution that is decomposable with respect to a given reference solution \(\varGamma \). We show that the IKSNC solution is uniquely characterized by \(\varGamma \)-Decomposability whenever \(\varGamma \) satisfies the standard axioms of Independence of Equivalent Utility Representations and Symmetry, along with three additional axioms, namely Restricted Monotonicity of Individually Best Extensions, Weak Independence of Irrelevant Alternatives, and Weak Pareto Optimality under Symmetry.     

Tele-fund raising: what's it all about?

Now in its 12th year, Tele-Response Center Inc. raises funds and awareness through donor acquisition, renewal/cultivation and lapsed donor campaigns, direct mail follow up, special events, advertising sales for non-profit publications, and volunteer recruitment campaigns.     

Multivariate location–scale mixtures of normals and mean–variance–skewness portfolio allocation

We show that the distribution of any portfolio whose components jointly follow a location–scale mixture of normals can be characterised solely by its mean, variance and skewness. Under this distributional assumption, we derive the mean–variance–skewness frontier in closed form, and show that it can be spanned by three funds. For practical purposes, we derive a standardised distribution, provide analytical expressions for the log-likelihood score and explain how to evaluate the information matrix. Finally, we present an empirical application in which we obtain the mean–variance–skewness frontier generated by the ten Datastream US sectoral indices, and conduct spanning tests.     

The age–period–cohort conundrum as two fundamental problems

In general the age–period–cohort (APC) conundrum refers to the problem of separating the effects of age-groups, periods, and cohorts. This formulation, however, fails to differentiate two fundamental problems in APC analysis: (1) the problem of the complete confounding of the linear effects of age with the effects of period and cohort, the linear effects of cohorts with period and age, and the linear effects of period with age and cohort; and (2) the problem of model identification. We elucidate both problems and show how the first problem makes the partitioning of variance between cohort effects, period effects, and age effects and the deviation of their effects from linearity problematic even when these approaches do not suffer from the problems associated with model identification. We conclude by examining the affects of this linear confounding on estimates of the individual effect coefficients for age-groups, periods, and cohorts when a linear constraint it imposed on the matrix of independent variables to produce an identifiable model.     

What Does it Take to Make Surprises Less Surprising?

Abstract

It is not unusual for public management systems to be ‘caught by surprise’ when events unfold which had not been anticipated in policy processes. An empirical example from New Zealand is used to show the contribution complexity theory has to make to helping public management scholars and practitioners understand the origin of surprises and anticipate them. This illustrative case identifies a number of unforeseen events in tertiary education, their origins and effects through a complexity-informed lens. These self-organizing changes can be the source of unwanted surprises (unknown unknowns) which require complexity-compatible approaches to their anticipation and management.     

On blocking coalitions: Linking Mas-Colell with Grodal–Schmeidler–Vind

In this paper we investigate the question of how many coalitions of a given relative size would block a non-Warlasian allocation in large finite economies. It is shown that in finite economies, if a Pareto optimal allocation is bounded away from being Walrasian, then, for any two numbers α$\alpha$ and β$\beta$ between 0 and 1, the proportion of blocking coalitions in the set of all coalitions with relative size between α$\alpha$ and β$\beta$, is arbitrarily close to 1/2, as the number of individuals in the economy becomes large.     

IR journal and conference literature from the 1960s to the 1990s: What can HR learn from it? Where is it headed?

The industrial relations (IR) literature has changed notably from the early 1960s until the late 1990s. Yet it has retained an externalist flavor — a sense that the key variables determining outcomes are often outside the control of firm-level actors. However, the kind of externalism found in the modern IR literature differs notably from that of the past. Externalism today is seen as labor market and personal variables — often in an econometric formulation — rather than grand social forces. Generally, the IR literature has moved toward sophisticated empiricism and toward a labor economics paradigm. To the extent that the older grand themes remain, they are more likely to be found in IR books rather than in academic journals. Human resource (HR) academics and practitioners can nonetheless benefit from the IR approach, even though the tyranny of tenure review has made journal articles in IR less readable. The IR literature emphasizes that labor–market forces, sometimes stemming from product and financial markets, matter to HR outcomes. And it regards conflict more as a source of information rather than just a cause of lost productivity.     

Exchange market pressure on the pound–dollar exchange rate: 1925–1931

This is a study of exchange market pressure against the pound sterling during the inter-war period. The main findings are that (a) the behavior of U.K. fundamentals relative to those of the U.S.A. helps to explain exchange market pressure against the pound; (b) during the run-up to devaluation in September 1931 the monetary authorities in the U.K. were acting to reduce domestic credit; but (c) additional pressure was brought against the pound from speculative sources. These findings relate to current thinking on the choice of exchange rate regime as even well-behaved fundamentals may not be sufficient to sustain a currency on its peg.     

Consolidation in the European banking industry: how effective is it?

The European banking industry is becoming increasingly consolidated as banks engage in domestic and cross-border merger and acquisition (M&A) activities. Due to cultural differences in cross-border consolidations, the benefits of domestic and cross-border consolidations are likely to differ. This paper examines the effectiveness of merger processes, with a detailed analysis of both domestic and cross-border consolidations in Europe from 1998 to 2004. Effectiveness is measured via several criteria: improvement in costs, return on assets (ROA), and return on equity (ROE). To analyze potential cost efficiency improvement, we use a stochastic cost frontier approach. The same methodology is used for ROA and ROE to estimate efficiency in profitability. Finally, considering cross-border mergers as a form of entry, we carry out an analysis of the entry effect in response to the performance and profitability of the incumbent market participants. Results show that mergers in the European banking industry have been effective. Although domestic M&As are more common than cross-border M&As, banks involved in cross-border M&As are more efficient. Moreover, cross-border merged banks seem to outperform incumbent banks.     

Necessity entrepreneurship in Latin America: it´s not that simple

ABSTRACT

Entrepreneurship literature takes for granted the motivation dichotomy; however, this simplistic view have been criticised for several studies because it likely does an injustice to entrepreneurs, particularly Latin America (LA) entrepreneurs. This study seeks to contribute to the body of knowledge on entrepreneurs to better explain the process of entrepreneurs being motivated by necessity. We use the Global Entrepreneurship Monitor (GEM) database for LA countries and develop an econometric model based on a set of variables, including contextual variables. First, we identify three types of entrepreneurial motivation: necessity, opportunity and transition. We then demonstrate that the motivation dichotomy does not represent LA entrepreneurship. Second, we find that necessity-driven entrepreneurship does not necessarily indicate the absence of high growth aspirations because some entrepreneurs in this category have such aspirations. Third, we observe that significant differences exist among entrepreneurs based on context, specifically among necessity-driven entrepreneurs. These findings have practical implications for research on entrepreneurship and for regional development.