No, Thanks.I’llTake theStairs

When a massive blackout hit New York in 2003, then 35-year-old Jamie Leone had no choice but to takethestairstoher28th-floorapart- ment . The next day, the elevators came back tolif,ebut Leone opted to keep on climbing-andstildloes,even though “my neighb…     

Put me in,Coach, I’m ready to play

This paper explores the connection between discrimination and entrepreneurship. To pursue this inquiry we focus on the integration of black players in Major League Baseball (MLB). MLB team owners, acting as entrepreneurs, had to weigh the benefits of integrating versus the costs of alienating consumers who had a taste for discrimination against hiring blacks. We find that the owners whose teams could profit by contending for the league pennant with the addition of black players were the ones who were willing to take the risk of integrating, although integration often stood in contrast to revealed consumer preferences. In addition to illuminating the mechanism through which integration took place, we offer a general understanding of how the costs and benefits associated with consumers’ taste for discrimination can change via entrepreneurial activities.

‘I’ve been to Bali too’ (and I will be going back): are terrorist shocks to Bali's tourist arrivals permanent or transitory?

International visitor arrivals to Bali are examined using univariate and panel Lagrange multiplier (LM) unit root tests with one and two structural breaks to ascertain if shocks to the time path of tourist arrivals are permanent or transitory. The univariate LM unit root tests with one and two structural breaks fail to reject the null hypothesis of a unit root in international visitor arrivals to Bali. However, the panel LM unit root tests with one and two structural breaks applied to a panel of Bali's 11 major source markets reject the null and support the alternative hypothesis of a joint trend-stationary series with transitory shocks. This result suggests that, the effects of the recent terrorist acts on Bali on the growth path of tourist arrivals from major markets are only transitory and that as a consequence Bali's tourism sector is sustainable in the long run.     

How I Work

I get up about 4:30 A.M. and check out the markets. I have a Bloomberg and a Telerate and some other machines downstairs. Bloomberg is the most important: You can get a review of the most recent New York play or you can get a 50-year currency history of t…     

How I Work

Focus relentlessly. Ghosn does, while running two Global 500 companies. I go from Paris to Tokyo every month and spend between one and two weeks there. The week when I am in Tokyo is the week when I have the Nissan executive committee meeting, the design …     

How I Work

Many successful women have become successful because they're just awfully good at being compulsive and organized and doers. But at some point that becomes paralyzing. I think men have traditionally been much better at not micromanaging. It's hard to be su…     

How I Work

I've never used e-mail, but I'm a huge voicemail user. I do a couple hundred voicemails a day. And I return every call right away, whether it's a client or someone in the firm. There are positives and negatives to this. I don't have a lot of time for smal…     

How I Work

You don’t want trumpet players and musicians being your primary business decision-maker. It’s not possible for me to do that and write music, program the season, and con- duct the band. I really do let people do their jobs, so when we come to- gether, w…     

How I Work

I've learned how to manage my energy. I used to just focus on managing my time. I'd be up in the morning between 5 and 5:30. I'd work out and be at my desk by 6:30 or 7, drive hard until about 7 P.M., then go home, take a break with my wife, Margaret, and…     

How I Work

Don't just cope with information-revel in it.I don’t feeloverwhelmed with information. I reallylikeit. I use Gmail formy personale-mail—15 to 20 e-mails a day—but on my work e-mailIget as many as 700 to 800 a day,so Ineed something reallyfast.I use an …     

北方干旱“硬伤’’

“十年九早”，干旱似乎已是我国北方大地冬春季节的常态。切实地走在田间库边，记者才深切的感受到去冬今春的干旱度。眼前的景象早已不是往昔的“北国风光，千里冰封，万里雪飘”，而是皲裂的土地，干涸的水渠，枯黄的麦苗……持续的干旱，将可能终止我国连续七年丰收的好景，更会给北方这片我国冬粮的主产区带来大面积的歉收。     

未来商业空间“黑洞化’’

基于生活方式而出现的商业空间，颠覆了传统工业时代商业空间的存在形态，在未来的商业世界里，商业空间是以一个个的漩涡状的商业黑洞状态存在着[编者按]     

零售业多元化需要“机会主义’’

零售业态所处的生命周期不仅影响、刺激零售商的多元化冲劲，同时直接关系到零售商业态多元化的机会[编者按]     

Large shareholders’ shareholding and earnings’ longitudinal persistence

This paper is the first to adopt longitudinal data analysis methods, such as the Kaplan-Meier survival analysis model, hierarchical linear model and Cox proportional hazards regression model, to investigate the relationship between large shareholders’ shareholding and earnings persistence. We find that large shareholders’ shareholding has a negative effect on corporate longitudinal persistence. The large shareholders’ shareholding will increase the risk of earnings decline and strengthen the declining trend of earnings. The effects of large shareholders’ shareholding on earnings’ longitudinal persistence for SOEs are different from those for non-SOEs, the effects in the pre-crisis period are also different from those in the post-crisis period. These findings contribute to the literature by adopting longitudinal data analysis methods and present new empirical evidence on the economic consequences of large shareholders’ shareholding.     

Practitioners’ forum

This article reviews a number of models of the process of technological innovation and identtities the important elements involved. Although no universal model is applicable to all processes of technological innovation, given the importance of technology in the long-tern strategy of research-intensive trns , a knowledge of the elements involved in the process is essential to today's managers. Models of the process of innovation must be developed contingent upon thejirn's needs. The critical factors, which must be conszdered when developing such a model, are identified.     

‘利用’与‘引进’关系谈

对利用外资,引进技术存在着两种认识:一种是把利用外资,引进技术当成一回事。第二种是没有把二者较好地结合起来。弄清楚利用外资对引进技术的作用,对做好利用外资工作和技术引进工作都有利。     

Rawls’ Paradox

Rawls’ theory of justice is paradoxical, for it requires a society to aim directly to maximize the basic goods received by the least advantaged even if directly aiming is self-defeating. Rawls’ reasons for rejecting capitalist systems commit him to holding that a society must not merely maximize the goods received by the least advantaged, but must do so via specific institutions. By Rawls’ own premises, in the long run directly aiming to satisfy the difference principle is contrary to the interests of the poor, though it is meant to aid them.