Long and Short Run Determinants of Small and Medium Size Enterprise Share: The Case of Venezuelan Manufacturing

Two recent studies of SME share determination have employed a partial adjustment model which specifies disequilibrium as the sole means of explanation. Contemporaneous information is found to be crucial in both analyses and suggests forward looking behaviour in the equilibrium specification. Time series data available for Venezuela allows the testing of such an equilibrium using the Engle and Granger (1987) error correction methodology. We find that current dated variables are important in the short rather than long run determination of SME shares and that only information known at the time the equilibrium is formed enters the long run component. The primary factors explaining equilibrium share are barriers to entry, factor mix, enterprise modernisation and a new exogenous proxy variable, GDP. The main determinants of short run movements are factor mix and enterprise modernisation. This revised version was published online in July 2006 with corrections to the Cover Date.     

The Effects of local Fair Housing Ordinances on Housing Segregation: Their Impact Is Small, But It's an Important Positive Change Toward Integration

Abstract . State and local fair housing ordinances, patterned after federal legislation, are promoted by federal policy. This study investigates whether these local laws have had any effect on levels of residential segregation between Whites and Blacks, 1970-1980, by comparing changes in segregation for 111 cities characterized by different types of fair housing coverage. Results show average declines of 9 points in the index of dissimilarity, with cities covered by both state and local laws declining slightly more than cities with no fair housing coverage. Declines are not greater in cities with laws that are “substantially equivalent” to Title VIII vs. cities with non-equivalent laws. When changes in segregation were examined by a variety of population, economic and housing variables that may affect segregation change, it was found that local ordinances continue to have a small, but statistically significant effect. This effect varies according to the pattern of segregation change under study; deconcentration of ghetto areas and integration of White areas are not affected by type of local fair housing coverage.     

The Effects of Prior Performance on the Choice Between Related and Unrelated Acquisitions: Implications for the Performance Consequences of Diversification Strategy

Whereas a majority of previous research in the diversification literature has focused on the performance consequences of diversification strategy, this paper examines the reverse relationship, that is, the effects of a firm's prior performance on the choice between related and unrelated diversification. This paper empirically tests and confirms the view that there are systematic ex ante performance differences between firms diversifying into related businesses and firms diversifying into unrelated businesses. These findings imply that ex post performance differences between related and unrelated diversifiers, often reported in previous research, are largely attributable to these ex ante performance differences, not to diversification strategy per se.     

Graduates,Dropouts and Slow Finishers: The Effects of Credit Constraints on University Outcomes

The effect of credit constraints on university outcomes is studied. Credit constraints have a negative relationship with dropout, especially on lower achieving high school graduates. Credit constrained students with strong high school achievement are 13–15% more (less) likely to graduate (be slow finishers) relative to otherwise similar students who are potentially or unlikely constrained. Using competing risk analysis, we find dropout is most likely in the first year of study and falls over time for all students. After 3 years of study, the risk of dropout increases for students who are constrained suggesting constraints may eventually bind on these students.     

The Effects of 9/11 and Terrorism on Human Resource Management: Recovery, Reconsideration, and Renewal

The United States suffered an unprecedented loss of life on September 11, 2001, from what was labeled a terrorist attack. Mainly on the basis of data from professional association surveys and government agencies, it was found that the United States and many other countries of the world have been significantly affected by the events and aftermath of that morning's events. As an unprecedented attack on a country not usually affected by external terrorism, it allows a unique study of how terrorism can affect countries in the world. As a result of 9/11 there were significant changes in the U.S. economy and society that, because of the global economy and politics as well as the international war on terrorism, certainly have international consequences. Changes also occurred in most areas of human resource management as well as producing a much greater emphasis on having an overall business crisis management program. However, many of the initial changes appear to have diminished over time. The resultant changes, and lack of changes, produce rich questions for further research.     

Response Effects in Surveys on Children and Adolescents: The Effect of Number of Response Options,Negative Wording,and Neutral Mid-Point

Social researchers increasingly survey children and young adolescents.They are convinced that information about perspectives, attitudes, and behaviors of childrenshould be collected from the children themselves. Methodological expertise on surveying childrenis still scarce, and researchers rely on ad-hoc knowledge from fields such as child psychiatry and educationaltesting, or on methodological knowledge on surveying adults. Regarding adults, empirical evidenceshows that respondent characteristics (cognitive abilities) as well asquestion characteristics (question difficulty) affect response quality.This study reports on a methodological survey experiment on theeffect of negatively formulated questions, the number of response options and offeringa neutral midpoint as response option question characteristics on the reliability of theresponses, using children and young adolescents as respondents.The study shows no effects of negatively formulated questions onthe reliability measures, although children respond consistently differently on negativelyformulated questions than on positively formulated questions. Taking all results on the effectsof number of response options and offering a neutral midpoints on the different reliabilitymeasures into consideration; it would appear that offering about four responseoptions is optimal with children as respondents.     

Addressing the Stress of Work and Elder Caregiving of the Graying Workforce: The Moderating Effects of Financial Strain on the Relationship Between Work‐Caregiving Conflict and Psychological Well‐Being

Human resource policies and practices must consider the issues associated with an aging workforce, and, more specifically, the stress experienced by those involved in caring for elders. This study examined such stress by studying the relationship between work–elder caregiving conflict and well‐being, as well as the role of perceived financial need in moderating that relationship. The sample included 583 women who worked full‐time and had significant elder caregiving responsibilities. The analysis showed that work interfering with caregiving (WIC) was significantly associated with both positive and negative affect, but caregiving interfering with work (CIW) was not significantly associated with either. Perceived financial need decreased older women's psychological well‐being and moderated the relationship between work–elder caregiving conflict and psychological well‐being such that the negative effect of WIC was stronger for older women with higher perceived financial need, while CIW decreased the well‐being of older women with lower perceived financial need but not for those with higher need. The results stress the importance of considering elder care as a source of work‐family conflict when managing the aging workforce as well as suggest a way to attenuate the negative effect of work‐family conflict by managing the perception of financial resources and needs of the employees. © 2014 Wiley Periodicals, Inc.