Professor R. J. Chambers: A biographical note

The paper attempts to assess the potential value of generic standards of competence to the future education and training of accountants and the implications for education, training and assessment practices. It identifies some problems in applying the technique of functional analysis to the definition of professional standards in general before looking at the specific problems of setting standards for accountants. Eraut's classification of types of knowledge which underpin professional performance is applied to the case of accounting. These comments are related to the draft accounting standards which have been produced under the Occupational Standards Programme with particular reference to the Management Accounting Standards.     

Construction of block designs admitting an Abelian automorphism group

Construction of block designs admitting an action of a presumed automorphism group consists of two basic steps: 1.construction of orbit structures for the given automorphism group, 2. construction of block designs for the orbit structures obtained in 1. For an abelian group G, the second step, called indexing, often lasts too long, because there are too many possibilities to be enumerated with today's computer facilities. To make such a construction possible we use a principal series of the group G to obtain a refinement of the orbit structures.     

Team Learning from Mistakes: The Contribution of Cooperative Goals and Problem‐Solving*

ABSTRACT Although mistakes may have considerable potential for learning, previous research has emphasized that organizational members are often defensive when their mistakes are pointed out and will even continue with their present course of action despite growing costs. Recent research has shown that team‐level variables, such as psychological safety and shared mental model, can help overcome barriers to learning from mistakes. Structural equation analyses on teams working in a sample of organizations in Shanghai, China, suggested that teams were able to learn from their mistakes to the extent that they took a problem solving orientation. This orientation in turn was based on developing cooperative but not competitive goals within the team. Although competitive and independent goals induce blaming, blaming itself was not significantly related to learning. Blaming, especially when conducted openly, may hold individual team members accountable as well as provoke defensiveness. Findings empirically link the theory of cooperation and competition with the organizational learning literature. Results suggest that cooperative goals and problem solving promote learning from mistakes.     

Information asymmetry and investor valuation of IPOs: top management team legitimacy as a capital market signal

The condition of information asymmetry between current owners and potential IPO investors creates a context wherein the legitimacy of the top management team (TMT) may serve as a valid signal of value to potential investors. The results confirm our hypotheses that TMT legitimacy is negatively correlated with post‐IPO stock value run‐up. Our results support a previously unexplored view of the TMT as an important signal of value in IPOs, and suggest that dual benefits accrue to the TMT selection process in IPO firms. Copyright © 2005 John Wiley & Sons, Ltd.     

Flexibility in Strategic Decision Making: Informational and Ideological Perspectives

Adaptation is a crucial challenge for organizations, and an important theme in the strategy and organization theory literature. We still have much to learn, however, about the strategic processes by which adaptation is achieved. In this paper we focus on a basic element in the adaptation process, i.e. flexibility within the strategic decision-making process. We concentrate on strategic decisions because these choices are the most important adaptations the firm makes. We suggest that the core of all organizational adaptation is a decision-making process. Unless the decision-making process itself is flexible, it is unlikely the organization can be flexible enough to adapt. We derive hypotheses concerning the factors that lead to flexibility (versus rigidity) from both information processing and ideological perspectives, and test them in a study involving 57 strategic decisions in 25 companies. Our results identify three contextual factors related to both perspectives -- including competitive threat, slack and uncertainty -- that are helpful in understanding flexibility in strategy decision making. While managers appear to be more flexible when decisions are uncertain, we found that in the very conditions where managers need the most flexibility (high competitive threat and low slack), they are least likely to be flexible.     

Markets for contracts: experiments exploring the compatibility of games and markets for games

Summmary. The research explores the relationship between games and the economic environment in which the games might be embedded. The focus is on a market institution in which agents buy and sell rights to participate in a follow-on stage of strategic interaction. The central question posed concerns how two different types of processes, the game and the market, interact. The market converges to a competitive equilibrium that is consistent with the Nash equilibrium that obtains in the game, and the convergence of the market to a competitive equilibrium lags the convergence of behaviors in the game to a Nash equilibrium.     

Performing industrial relations: the centrality of gender in regulation of work in theatre and television

Women performers have worked in a formally unsegregated occupation since 1660. However, formal and informal regulation of their access to work can only be understood in the context of their interaction as gendered workers with other, gendered, institutions and processes. This analysis has wider implications for the study of industrial relations.