Implications of the EU Information and Consultation Directive and the Regulations in the UK – prospects for the future of employee representation

The EU Directive on informing and consulting employees (I&C Directive) is now established on the employment relations agenda with the provisions coming into force in the UK in April 2005. The I&C Directive potentially has far reaching consequences for the way UK employers inform and consult employees over a wide range of organizational issues, with the potential to transform the UK industrial relations environment. The initiatives contained in the I&C Directive and the subsequent introduction of the Information and Consultation of Employees (ICE) Regulations will take place in an employment relations environment in a period of significant change. Pressures of globalization have intensified competition in product and labour markets, emphasizing the need for greater efficiency and productivity. This has led to a greater focus on the link between employee participation practices and business strategy and organizational performance in search of an elusive (or illusory) fit? This paper is a commentary on the origins and rationale of this new legislation in the UK context, drawing on existing knowledge and academic debates in the area. In addition, the paper discusses the potential implications of the I&C Directive and the likely impact of the ICE Regulations on UK representative voice arrangements.     

Why are the Pentagon and the CIA in Hollywood?

The CIA and the U.S. Department of Defense are both engaged in programs to influence the content of movies produced by Hollywood studios. Although they claim their only purpose in these ventures is to guarantee the accuracy of how military and intelligence activities are conducted, it is clear that their agenda goes beyond that goal. Their true aims include ensuring that movies project a positive image of the relevant government agencies. However, the CIA and DoD differ in their understanding of what constitutes good publicity. Films scrutinized and supported by military agencies are primarily evaluated according to whether they provide a vehicle for showing the technical and organizational competence of the Pentagon. To that end, films based on comic book characters or extraterrestrial invaders are viewed positively because they show the war‐fighting capacity of the military without having to name any actual enemy. The CIA, by contrast, prefers to support films that enable citizens to develop a stronger sense of patriotism in a world of moral ambiguities. As a result, the CIA is much less fearful of revealing the dark side of its undertakings, as long as a given movie presents a story that shows the value of the CIA in protecting the security of the nation.     

In Search of the Impactful and the Interesting: Swings of the Pendulum?

In this article we reflect on our time as editors of JMS during the period 2003–09. First we describe the context as we saw it on assuming editorship of the Journal and the actions that we took to improve the quality of scholarship published in the journal in order to set JMS on the trajectory to become a world‐leading Journal. We articulate our view of what quality means in this context and observe that we eschewed the USA–Europe divide. Rather, to be publishable, all papers had to meet the highest standards relative to their epistemological assumptions. Finally, we address two important challenges facing the Journal, and indeed management research in general, and consider what they mean for the future of JMS, notably in relation to open access publishing and to provide greater practical relevance. We conclude that the latter represents a swing of the pendulum towards the kinds of papers published in the early years of JMS but that recent developments in JMS provide new conceptual frameworks and empirical methods that contribute to enhanced insights for practice.     

Lessening the difference is more – the relationship between diversity management and the perceived organizational climate for gay men and lesbians

With a growing number of European companies following a variety of diversity management strategies, the number of companies including the ‘sexual orientation’ dimension in their diversity programs is increasing. Partially explained by the lack of research on that topic, most companies apply the risk-minimizing strategy of copying actions implemented by companies which have already done more in that field. In this context, this paper aims to provide more profound evidence for evaluating the interrelation between sexual orientation diversity management and the perceived organizational climate for gay and lesbian employees. Study 1 compares Deutsche Bank, Commerzbank and a German equivalent, showing that companies including ‘sexual orientation’ in their diversity programs can be associated with a more supportive organizational climate for gay men and lesbians. Applying a Heideggerian theoretical framework, Study 2 compares regression models based on a sample of 1308 gay men and lesbians working in Germany. It is shown that those organizational practices that lessen the difference between homosexuality and heterosexuality within the organization are more strongly related to positive psychological climates than those practices that accentuate the difference. Equalization of heterosexual and homosexual partnerships, internal thematization of homosexuality and gay marketing are associated with positive climate perceptions; LGBT networks and mentoring are not.     

De-industrialization and the ‘disappeared workers’

Hong Kong has undergone a remarkable process of a complete cycle of industrialization and de-industrialization within the lifetime of one generation of workers. This paper explores the impact of this swift economic progress and examines the adjustment problems and difficulties experienced by workers displaced from their jobs in a rapidly de-industrializing society. It addresses the issue of what has become of these displaced workers. It was found that, while a proportion of the displaced workers were able to find alternative employment in the expanding services industries, many became discouraged workers who joined the ranks of the hidden unemployed, partly as a result of discrimination which compounded their problem and further hindered their search for work and employment. The data show that many of these people eventually (in)voluntarily withdrew completely from the labour market. Suggestions have been made regarding the role which can be played by the government in particular to ease the transition of displaced workers into other employment positions.     

Can University Leaders Manage the Tensions Between the Practice of Innovation and the Traditions of the University?

The practice of innovating within a university causes tension because it is not well understood, is perceived as risky, and is seen as a threat to established power, which makes it difficult to know where to house it for maximum effect. The tension can be reduced by focusing on the similarities of innovating and teaching, inviting faculty and staff to serve as early adopters, and having senior administrators be the budgetary and political champions for innovation initiatives.     

Does a deviation between the rights and obligations of the board and controlling shareholders affect firm value？

This study examines the association between firm value and ownership structure, when board and controlling stockholders＇ voting rights deviate from obligations. The measurement of the corporate governance variables is different from prior research. The author further investigates whether monitoring mechanisms can alleviate the agency problem due to percentage of outside directors. The empirical results show that the higher board voting rights-obligations is deviated, which means the weaker relation with the firm value. The author also finds the monitoring from outside directors can reduce the agency problems from board＇s deviation and thus can improve firm value. But the results of the controlling stockholders＇ deviation are mixed or insignificant. This research has implications for Taiwan＇s regulators who are striving to improve the information, transparency, and corporate governance of board and controlling shareholders＇ voting rights-obligations deviation.     

Entrepreneurial action and the Euro-American social science tradition: pragmatism,realism and looking beyond ‘the entrepreneur’

Entrepreneurship studies are dominated by the disciplines of economics and psychology and work within a limiting methodological frame of reference; a ‘scientistic’ and individualistic framework that dominates the US-led mainstream of research. To achieve a more balanced scholarship, it is helpful to look at an alternative style of research and analysis which has deep and intertwined European and American roots. This looks to other social sciences such as sociology, as well as to history and the philosophy of science. Its adoption would encourage to shift the focus away from ‘entrepreneurs’ and onto the much broader phenomenon of entrepreneurial action or ‘entrepreneuring’ in its societal and institutional contexts. Such a shift would open up a greatly expanded range of research questions and enable a better balance to be achieved between attention to individual entrepreneurial actors and their organizational, societal and institutional contexts. A pragmatist and realist frame of reference, which recognizes both the importance of processes of social construction and the existence of a ‘real world’, has considerable potential to enrich and expand the scope of entrepreneurship scholarship.     

Carry-trades on the yen and the Swiss franc: are they different?

Using monthly data from 1986 to 2009 for 11 major currencies against the U.S. dollar (USD), we find that interest rate differentials between nine of these currencies are generally positive (sample mean of 0.86%) but are strongly negative for Japan (mean of ?2.78%) and for Switzerland (mean of ?2.22%). Investigating empirical models of nominal exchange rate changes we find for all panels that about 2% of real exchange rate misalignments are corrected in the following month. We also find important differences across samples and for the two carry-trade currencies the key results are as follows. First, interest rate differentials have a negative impact on exchange rates: higher paying currencies should appreciate, contrary to the ex-ante uncovered interest rate parity (UIP) condition. We find that this result is very robust to money supply (M1) differentials serving as instrumental variables to inflation rates. In addition, these two currencies depreciate slightly when money supply (M1) differentials increase. Second, dummy variables for periods of market turmoil suggest a particularly strong appreciation of these currencies against the USD, consistent with the unwinding of carry-trade activities.     

Firms’ innovation performance and the role of the metropolitan location. Evidence from the European periphery

ABSTRACT

This paper assesses the role of metropolitan location in explaining firms’ innovation performance while accounting for other internal and external determinants of innovation. Using micro-level dataset and controlling for firm-specific, sector-specific and region-specific features, we identify a nuanced effect of location within metropolitan areas on the innovative performance of companies The results prove to vary for the different measures of innovation output of firms and in particular there is no metropolitan advantage detected for binary self-declared measures of innovations. The advantage is detected for the count-based quantity of innovation measures which is shown to critically depend on the higher performance of metropolitan-based firms in patenting and licencing. The interlinkages between location and firm-size matter and the results are asymmetric with particular benefits arising for micro-firms in their patenting and licencing.     

Integrated enterprise management: a look at the functions, the enterprise, and the environment--can you see the difference?

The performance of an organization is paced by its use of resources, including its ability to acquire, access, and use knowledge. A high-performance organization, more than likely, has structured its resources around process linkages and is characterized by a horizontal organization chart, teams and teamwork, empowerment, and operational excellence. Organizational researchers hypothesize that performance improves with fuzzy internal boundaries, cross-functional participation, and goals anchored in the interests of customers and other external stakeholders. This article looks at the competitive need for more integration of resources and greater sharing of knowledge, the integrated nature of work within emerging types of organizations, how expanded views can improve the marketplace centering of processes and individuals, and how combining a model of integration and individual work challenges thinking and actions in the new environment.     

Ethics,morality and the subject: the contribution of Zygmunt Bauman and Michel Foucault to `postmodern’ business ethics

This paper discusses a `postmodern’ alternative to business ethics in the light of two authors: Zygmunt Bauman and Michel Foucault. Despite their different usage of the concepts `ethics’ and `morality', both offer an approach to ethics that avoids the problems of a self-enclosed subject inherent in liberal as well as in communal theories. Bauman and Foucault demonstrate how the continuation of social dialogue suffers from the postulation of fixed individual and organizational identities. Managers and other participants cannot formulate ethical rules on their own, but neither can they come together as a community without tensions and difference. Instead, embodied engagement in the reciprocal play of interpretations and influences keeps us ethically attuned to the limits of reason.     

A note on compact differentiability and theδ-method

Letη _n ,n ∈ ?, be arbitrary functions defined on a probability space (ω,A,P) with values in a normed vector spaceB ₁ ,μ ∈ B ₁ andξ ₀ a separable random element inB ₁ such thatξ _n :=√n(η _n ?μ) converges weakly toξ ₀ in the sense of Hoffmann-Jørgensen. Then with (B ₂, ∥·∥₂) being another normed vector space andφ:B ₁→B ₂ compactly differentiable atμ with derivateD _μ, the random variable $\parallel \sqrt n (\phi (n_n ) - \phi (\mu )) - D_\mu (\sqrt n (n_n - \mu ))\parallel 2*$ converges to 0P-stochastically where “*” denotes the measurable cover. We show that the classicalδ — method extends to the non-measurable case where in the proof we shall not make use of any representation theorems but only of a slight refinement of the usual characterisation of compact differentiability, due to the fact that we will not assume {ξ _n :n ∈ ?} being tight.     

The Sato–Vartia index and the monotonicity axiom

The Sato–Vartia index is believed to be on a par with the Fisher ideal index in terms of its ability to satisfy index number axioms or tests. Yet we show that this index fails to satisfy the monotonicity axiom, and we provide formulas for the point at which a Sato–Vartia price index becomes non-monotonic in prices. In fact, requiring monotonicity for initial as well as final prices rules out not only the Sato–Vartia index but all log-change price indexes whose weights depend upon initial or final expenditure shares. Since cost of living index theory leads naturally to the Sato–Vartia index, as well as to other log-change indexes, there is an irreconcilable tension between the standard axiomatics for indexes, and cost of living index theory.     

Survey of the Creditor＇s Ability to Collect and Use the Enterprise Information

This paper is concerned with the analysis of the creditor＇s ability to collect, analyze and judge business information, which is a realistic problem for the bank to control the risk of loan effectively. We not only know the bank＇s application of financial and non-financial information during the process of credit extension but also investigate the use of non-financial information by questionnaire. It is discovered that the bank even believes the information that directly acquired by itself while collecting, analyzing and judging the reliability of business information. Through some sensitive information such as the changing of accounts receivable and cash flow and the connection trade, it can predict the potential risk further. In addition, the results show that it is the perfection of internal control system of intermediary （such as accounting firm） and the business enterprise itself that make the bank get the true information of business enterprise.     

Is the Coach Paid too Much?: Coaching Salaries and the NCAA Cartel

Recently, a great deal of controversy has been generated from the salaries earned by head coaches in the NCAA. Although many figures in the world of sports earn high salaries, one important difference in the case of the NCAA is that the players do not get paid. We develop a model that shows that a cartel agreement to not pay the players raises the coach's salary if some players choose where to play based on the identity of the coach. The agreement not to pay the players improves competitive balance in the baseline model, but this result does not generalize.     

Reforms and agricultural productivity in Central and Eastern Europe and the Former Soviet Republics: 1989–2005

This paper analyses the changes in agricultural performance in Central and Eastern Europe and the Former Soviet republics since the start of the transition process. We provide a conceptual framework for the evolution of productivity and efficiency measures and link this evolution to the issue of factor abundance taking into account specific transition characteristics. We document the changes in agricultural performance using empirical data on the evolution of partial productivity and total factor productivity estimates and we illustrate how productivity varies between countries at various stages of the transition process. Over the past twenty years, virtually all transition countries witnessed an initial decline in productivity, and virtually all countries currently witness an increase in productivity. However, the depth and length of the initial decline differs enormously between countries. Our analysis indicates that the productivity changes were related to the extent of the pre-reform distortions, initial resource endowments and technology use, and the reform implementation in the countries.     

Modeling and simulation of the quality’s entropy

The aim of the present study is to define quality entropy as well as to illustrate some of its properties. The simulation of the mathematical model for quality entropy shall be performed by means of specialized software for mathematical problem simulation, such as Microsoft Excel that we have employed for this particular study. Our aim is to prove that quality entropy may be expanded to the notions of Markov source of quality and Bernoulli source of quality, by analogy with the Markov and Bernoulli sources employed in information theory. Likewise, the present study delineates some aspects regarding tolerance to quality entropy. The subject of entropy and its application of the management of quality has been approached by other authors as well (Dinu and Vod?, Revista Calitatea-acces la succes, anul 8(4): 60–61, 2007; Dinu, Revista Calitatea-acces la succes, anul 8(5): 62–63, 2007; Georgescu-Roegen, Legea Entropiei ?i Procesul Economic, 1979; Stamatiu, Proceedings of the 7th International Conference on Quality, Reability and Maintainabilty, 2000; Stamatiu, Proceeding of the 18th International Conference on Quality, Reliability and Maintainability, 2002). Through our transdisciplinary approach, we would like to contribute to the development of this subject.