Does designing environmental sustainability disclosure quality measures make a difference?

Assessing the quality of information disclosed by companies is a complex task. Accounting studies usually rely on analysing the content of corporate reports using measures to obtain a proxy for the information reported by companies. However, there is no consensus about the best design for these measures. The objective of the current paper is to investigate if there are significant differences in the results generated from seven alternative measures for assessing the quality of FTSE100 environmental sustainability reporting. Seven measures/indices have been used to assess disclosure quality. The three unidimensional measures include two “quantity measures” and one “scope measure” that measure the volume and width/coverage of information, respectively. Three compound measures are adopted from the literature, and the final measure is a multidimensional quality model, based on the results of a questionnaire ascertaining the perceptions of 86 preparers and 177 users of annual report (AR) and/stand‐alone corporate responsibility report (CRR). Although the results of the empirical analysis indicate that the measures are significantly correlated, the choice of a specific method can result in the very different ranking of companies. The evidence presented indicates that the choice of measure is of key importance.     

Retirement timing in Europe: does sector make a difference?

This study uses Survey of Health, Ageing and Retirement in Europe data and event history analysis to determine the effect of sector of employment on retirement timing of older workers aged 50+ in 11 European countries. The findings suggest that older workers in the industrial and financial sectors retire earlier than those in the service sector.     

Does the market perceive a difference in rating agencies?

A frequent and recent topic in the financial press concerns the two major rating agencies, Moody’s and Standard & Poor’s. The reported perception is that Moody’s is less credible. In this study, we determine whether the market shares this perception and whether this perception carries an economic cost. Since there are many features attached to a bond issue that affect its yield, differences in bond rating cannot be tested in isolation. This paper estimates the impact of differences in ratings as well as several other key bond features (call and sinking fund features, and syndication) of public issues of corporate bonds using regression analysis over the period 1986 through 1996. All features tested except the sinking fund option for doubling and tripling the amount of funds retired are found to be significant including the variable measuring the market’s perception of the informational content of ratings from the two rating agencies. Thus, we conclude that the market finds value in the ratings from each agency, but that the value is not symmetrical between the two agencies. There is not enough evidence that the market values one agency over the other.     

Disability status,individual variable pay,and pay satisfaction: Does relational and institutional trust make a difference?

Although prior research suggests that disabled employees have different needs in the context of some HRM practices, we know little about their reactions to reward systems. We address this gap in the literature by testing a model using the 2011 British Workplace Employee Relations Survey (disabled employees, n = 1,251; nondisabled employees, n = 9,959; workplaces, n = 1,806) and find that disabled employees report lower levels of pay satisfaction than nondisabled employees, and when compensated based on individual performance, the difference in pay satisfaction is larger. We suggest that relational (derived from trust in management) and institutional (derived from firm‐wide policies and HRM practices, both intended to provide equitable treatment to disabled employees) forms of trust play important roles. The results of multilevel analyses show that when trust in management is high, the difference in pay satisfaction under variable pay is reduced. We find just the opposite for employees who work in organizations with a formal disability policy but without supportive HRM practices; the gap in pay satisfaction is exacerbated. However, the combination of the presence of a firm‐wide policy and HRM practices reduced the difference in pay satisfaction. Implications of the findings for theory, future research, and management practice are discussed.     

National minorities and their representation in social surveys: which practices make a difference?

This paper presents a systematic study of survey mechanisms that produce or reduce minority bias in social surveys. It extends the work of Lipps et al. (2011) who have demonstrated that, in the Swiss context, the more an ethno-national minority community differs, socio-culturally and socio-economically, from the national majority, the less it is likely to be represented in its proper proportion in the major national surveys. Minority bias furthermore has a vertical dimension: socio-economic bias against individuals from the most deprived backgrounds becomes extreme within ethno-national minority communities. Using data from the Swiss Labour Force Survey, the Swiss Household Panel, and the Swiss sample of the European Social Survey, in the present work we empirically assess the impact of three types of survey practices on minority bias: (1) strategies to increase overall response rates of the whole population indiscriminately from its minority status, (2) the use of pre- and post-stratification measures that take into account the overall share of foreigners in the national population, and (3) the conduct of interviews in a wider range of languages, in order to facilitate survey response among certain (linguistic) minorities. Our findings show that efforts to increase overall response rates can, paradoxically, create even more minority bias. On the other hand, they suggest that a combination of stratified sampling and a wider range of survey languages can have a positive effect in reducing survey bias, both between and within national categories. We conclude that measures that take into account and adapt to the social and cultural heterogeneity of surveyed populations do make a difference, whereas additional efforts that only replicate existing routine practices can be counter-productive.     

Opinions about privacy: does the type of information used for marketing purposes make a difference?

The availability of personal information is at an all-time high. Technology has revolutionised the marketing industry, enabling marketers to achieve precise selectivity through database efforts. With this selectivity comes the responsibility of determining acceptable and unacceptable uses of personal information by businesses and nonprofits for marketing purposes. This paper explores opinions on information privacy by investigating the impact of education in the formulation of opinions on the use of personal information for marketing purposes. A single credit course in direct marketing does not change opinions regarding information privacy. But a series of credit marketing courses does reduce the level of restrictions desired on the availability and use of personal information for marketing. Thus, the direct marketing industry would be better served by promoting and demonstrating the ethical use of personal information through ethical marketing practices by all its practitioners rather than by attempting to educate the general public about the nature and uses of such information and data for marketing purposes. Copyright © 1999 Henry Stewart Publications     

Person–organization fit and the war for talent: does diversity management make a difference?

This study investigates the importance of diversity management in applicants' job choice decisions. According to the person–organization fit theory, individuals make assessments of fit between their personal values and the values of the organizations, and they make job choice decisions based on these assessments. A survey of 113 MBA job seekers concluded that women and ethnic minorities found diversity management to be important when accepting offers of employment. In addition, high achievers and new immigrants rated organizations with diversity management as more attractive as potential employers. The findings suggest a need to place a higher emphasis on diversity management in women and minority applicant attraction.     

Does environmental innovation make us happy? An empirical investigation

The aim of this paper is to provide an efficient framework to study the relationship between happiness and eco-innovation, measured by eco-efficiency, considered as a subset of the wider question concerning the relationship between happiness and innovation. The conceptual background describes how happiness can be linked to environmental innovations, drawing potential relations among happiness, environment and innovations. An analytical model derives the relationship between happiness and eco-efficiency from a generic utility function. The empirical focus is on the effects of environmental innovation on population well-being for ten European countries over the period 1981–2011. Environmental innovation is measured by an eco-efficiency indicator (the percentage of total energy from combustible renewables and waste). Results from a panel data model show a positive correlation between eco-efficiency and happiness, linking countries' general well-being to environmental conditions, the pace at which they adopt eco-innovations, and the relative efficacy of the latter.     

Do professional associations make a difference?: linking municipal managers’ association participation and attitudes toward citizen participation

ABSTRACT

There has been a lingering debate on the relationship between public managers’ professional socialization and their acceptance of citizen participation. In this paper, it is empirically confirmed that association participation strengthens municipal managers’ predispositions toward engaging citizens. It is found that municipal managers that are active in generalist-oriented professional associations will be more likely to realize successful practices for citizen engagement in peer municipalities, which boosts their perceived sense of citizen contribution, and reduces their perceptions on the costliness of engaging citizens. These relationships are found to be mediated by municipal managers’ technocratic orientation and engagement self-efficacy.     

Employment security and employee organizational citizenship behavior: does an ‘iron rice bowl’ make a difference?

Empirical evidence linking employment security to organizational citizenship behavior (OCB) is equivocal. Limited research has considered the effect of employment status. Using data from 217 subordinate–supervisor dyads in a large state-owned enterprise in China as basis, our research found significant association between overall perceived employment security and employee OCB. However, this relationship may vary depending on employment status. Further analysis suggested a curvilinear relationship for permanent employees with an ‘iron rice bowl’ (lifetime employment) and a linear relationship for contractual employees without an ‘iron rice bowl’. Our study contributes to a thorough understanding of the relationship between employment security and positive behaviors in terms of OCB by integrating the literature on social exchange, psychological contract, and proactive behavior.     

Testing two mechanisms linking work-to-family conflict to individual consequences: do gender and gender role orientation make a difference?

Based on social role theory and a gender role orientation perspective, this study extended the two mechanisms (i.e. resource depletion and source attribution) that link work-to-family conflict to perceived accomplishment in the family and work domains by testing the moderating effects of gender and gender role orientation on the relationships. Data were collected from managers via questionnaires in China, and 225 cases were analyzed with hierarchical regression models. The results showed that compared with female managers, the negative relationship between work-to-family conflict and perceived family accomplishment was stronger for male managers. Within the male group, we found that the negative relationship between work-to-family conflict and perceived family accomplishment was stronger for male managers with an egalitarian gender role orientation than those with a traditional gender role orientation. In addition, for male managers with a traditional gender role orientation, there was a positive relationship between work-to-family conflict and perceived work accomplishment. The theoretical and managerial implications are discussed.     

‘… and politics?’

This article illuminates the relationship between the increased importance management has gained in public institutions, and political reality in everyday work lives. It attempts to gauge the rationalities behind the managerial and the political system and derives a heuristic structure from them. On the basis of this discussion, an analysis is conducted of the origins of new public management, using Switzerland as an example. It is concluded that NPM reforms started as managerial reforms of public institutions, but that they developed into de facto political reforms. Thus the managerial background of project managers, consultants and public management scholars is a necessary but not sufficient precondition for a successful implementation of NPM in the politico-administrative system. The contribution which public management is able to make to the governance debate must not be underestimated. Not least, it leads to a clarification of the sources of legitimacy of government action. The rationality model introduced in this article is designed to make systemic differences between management and politics visible – and to improve communication between politicians and public managers.     

Does a central clearing counterparty reduce liquidity needs?

This study investigates whether and how central clearing influences the overall liquidity needs in a network of financial obligations. Utilizing the approach of flow network theory, we show that the effect of adding a central clearing counterparty (CCP) is decomposed into two effects: central routing, and central netting effects. Each effect can produce different liquidity needs according to different liquidity scenarios. The analysis indicates that adding a CCP in times of financial distress successfully reduces the overall liquidity needs if and only if the netting efficiency of the CCP is sufficiently high. Furthermore, once the economy is no longer in financial distress, higher netting efficiency of the CCP could conversely increase the overall liquidity needs. The results have implications for the effectiveness of CCPs in mitigating systemic risk in times of financial distress, and their operating costs once the distress has passed.     

When the difference makes a difference – the regional embeddedness of entrepreneurship

Abstract

Regional determinants of new firm formation are of interest to researchers and policymakers. In the analysis of new firm formation, most studies use econometric approaches that mask intra-unit variations, not recognizing counterbalancing and dilution effects as a result. Recent advances in spatial statistics such as Geographically Weighted Regression (GWR) take local variations into account. However, these approaches operate only on a bivariate level, making it impossible to detect the homogenous parts of the area under examination with regard to a number of relationships between new firm formation and its determinants. Based on a sample of 412 German regions, we apply GWR and subsequent graph-partitioning clustering to identify multi-relationally homogeneous sub-areas. Being that the results suggest a four-cluster solution, ‘one size fits all’ policies and premature unit zoning can be called into question.     

Is the tax administration just a money machine? Empirical evidence on redistributive politics

Personal income tax represents the main source of tax revenue in any developed country. In this paper, we analyse how efficiently this tax is administered in the Spanish case. While we find that the managerial (or net) efficiency of the tax administration was very high for the period 1993–2002 (95.9%), our main aim here is to identify the determinants of this. Interestingly, political factors are found to play a role. Specifically, the fear of losing a parliamentary seat in a region forces the tax authorities to reduce their efficiency in ensuring tax compliance in that region (“swing voter model”). Additionally, in those electoral districts where the central government obtains higher electoral support the efforts to collect taxes diminish (“core voter model”). However, the former political effect tends to disappear when the central government holds a sufficient majority in the central parliament. Thus, we find empirical evidence on redistributive politics in tax administration.     

When Does a Platform Create Value by Limiting Choice?

We present a theory for why it might be rational for a platform to limit the number of applications available on it. Our model is based on the observation that even if users prefer application variety, applications often also exhibit direct network effects. When there are direct network effects, users prefer to consume the same applications to benefit from consumption complementarities. We show that the combination of preference for variety and consumption complementarities gives rise to (i) a commons problem (to better satisfy their individual preference for variety, users have an incentive to consume more applications than the number that maximizes joint utility); (ii) an equilibrium selection problem (consumption complementarities often lead to multiple equilibria, which result in different utility levels for the users); and (iii) a coordination problem (lacking perfect foresight, it is unlikely that users will end up buying the same set of applications). The analysis shows that the platform can resolve these problems and create value by limiting the number of applications available. By limiting choice, the platform may create new equilibria (including the allocation that maximizes users' utility); eliminate equilibria that give lower utility to the users; and reduce the severity of the coordination problem faced by users.     

Growth and government: Is there a difference between developed and developing countries?

I examine the role of government in the growth of 64 industrialized and developing countries, considering both expenditure and financing aspects of government. Recognizing that there may be differences between the two country groups, I estimate both standard OLS and dummy variable regressions. The general conclusion is that although most fiscal variables are not significantly related to economic growth, the means of financing matters more than government spending. I find that seigniorage and the budget surplus are important for growth, but the LDCs is the group that drive the results in all regressions.     

Is there a difference in performance by the legal status of microfinance institutions?

Based on some cases of notable successes in Latin America, some microfinance practitioners advocate a transformation of non-profit microfinance organizations into private and regulated companies. The performance of the latter is supposed to be higher than those of non-profit organizations. From this point of view, there is a relationship between the legal status of MFIs and their performance. This article's main objective is to test this relationship from the comparison of performance of 202 MFIs in the period from 2001 to 2006. Rather than restricting the comparison to NGOs and private companies, cooperatives have also been taken into account to compare the performance by the dominant legal forms of MFIs. The results show that the performance of private corporations is better than that of NGOs only when portfolio quality is used as an indicator for measuring performance. Also, our results show that for profit MFIs are more socially efficient than not-for-profit MFIs. The commercial approach of microfinance does not seem inconsistent with the social mission of MFIs.     

Does having a strong commitment matter in building sustainable networks?

Unpredicted disasters obstruct the operation of a well-functioning network, but such a network should be resistant to the challenges of such disasters to provide successful responses. This study aims to investigate the effect of a strong commitment driven by drills on building sustainable emergency management networks during disasters. The logic of collaboration risk is embedded in the collective action dilemma; therefore, building a strong commitment is important. On the basis of an Emergency Medicine survey done in 2012 and 2013 in the Southeastern Economic Regions of Korea, the relation between strong commitment and network arrangements was examined using the Logistic Regression Quadratic Assignment Procedure analysis. The results of this study show that higher levels of strong commitment driven by exercises are more likely to result in sustainable ties. This implies that beyond the interest of creating planning networks, the means of reinforcing the degree of commitment among members of networks, such as drills, must be developed.