Inequality and entrepreneurial thresholds

We explore the relationship between inequality and entrepreneurial activity. Drawing on cross-sectional data from a largescale survey of the economic conditions of individuals across India, we develop a number of dimensions of inequality to explore empirically how inequality interacts with entrepreneurship, operationalized as self-employment or as employing other people. We find compelling evidence that there are thresholds to becoming self-employed, and even more so to assembling the combinations of resources and personal attributes required to become an employer. Greater inequality leaves more people unable to make the transition to self-employment, leaving casual laboring as the occupation of necessity. At the same time, inequality increases the number of employers in a society, by concentrating resources - particularly land and finance - enough for significant numbers of people to be able to cross this higher threshold. Lastly, greater differentiation into social or religious groups curtails the ability to cross either entrepreneurial threshold, presumably by limiting the extent and benefits of social networks of value for entrepreneurship.     

Strength in numbers or guilt by association? Intragroup effects of female chief executive announcements

We predict that the media reports on female CEOs as a coherent group, whereas male CEOs are treated as individuals by the media. We also suggest that the resulting investors' perceptions of group entitativity of female‐led firms may not only influence the succession event–performance relationship at the focal firm, but may also have a significant effect on the value of other female‐led companies. Results of a text analysis and an event study of appointments of female CEOs to Fortune 1000 firms provide support for these predictions. Copyright © 2013 John Wiley & Sons, Ltd.     

An assessment of the Bank of Canada's term PRA facility

This paper empirically assesses the effectiveness of the Bank of Canada's term Purchase and Resale Agreement (PRA) facility in reducing funding pressures, as measured by the CDOR-OIS spread. It examines the behaviour of this spread around both term PRA announcement dates and term PRA operation dates, using an event-study methodology to control for developments in other money markets as well as proxies for Canadian banking sector credit risk. Overall, there is robust evidence that the term PRA announcements reduced bank funding costs at both 1-month and 3-month terms, whereas we find no evidence of an impact from term PRA operations.     

Beyond survival: the implementation of new forms of work organization in the UK and German steel industries

This paper outlines and analyses the major changes in work-force organization that have been introduced by British and German steel producers in the past decade, against a backcloth of retrenchment in the industry, new product development and technological change. Including multiskilling, a reduction in demarcation and team–working, these changes have had a major effect upon the composition of the work–force and the nature of work undertaken at the shopfloor level.

While these changes have had a common broad trajectory, they have been introduced at a different pace and in different forms. The contrasts are provided not only at the international level, but between plants in the same countries. The paper further outlines the response of trade unions to these changes and the implications for industrial relations at the shopfloor level.     

Public Service Leaders as ‘Change Agents’ – for Whom?

Abstract

This article examines how far senior staff in English educational and health service organizations view themselves as leaders who are ‘change agents’ for government-driven reform and independent change agendas. The contribution of external leadership development provision to shaping these self-perceptions is explored. Special attention is paid to national leadership development bodies with different degrees of formal association with government. Whatever this relationship, such provision and other development support apparently reinforced a strong sense of personal agency (choice of action) associated with being a leader, empowering senior staff to adopt a modestly mediatory stance towards both reform and leadership development provision.     

No End to the Racial Wage Hierarchy in South Africa?

The South African apartheid system formally ended with the election of the African National Congress at the first all-race elections held in 1994. As a result, racist policies such as color barring, that particularly hindered the advancement of black workers throughout the apartheid period, are no longer legal. Yet the legacy of apartheid may endure as a result of both the persistence of racial differences in human capital attributes and the possible continuation of discriminatory practices within employment. In this paper the authors examine the evolution of the racial wage hierarchy in the early post-apartheid era against the background of the long-term decline in racial wage disparities observed over the last years of the apartheid regime. They find evidence that the position of black workers between 1995 and 1997 actually deteriorated relative to the overall geometric mean wage, while that of colored, Asian, and white workers improved.     

Time Budgets,Life Histories and Social Position

This paper falls into two parts. It has an initial brief theoretical discussion of the use of well structured short- and long-term narrative accounts of individuals' life experiences (respectively time-diary and work/life histories) in establishing the extent of their personal resources, and hence, ultimately, their social position. The second section discusses the development of a new social-positional indicator (currently called the Interim Essex Score or IES), and illustrates its use in an investigation of the consequences of women's career breaks on their subsequent levels of access to economic resources.     

Land Use and the Limits to (Regional) Governance: Some Lessons from Planning for Housing and Minerals in England

This paper examines the supposed shift from government to governance in the context of land-use planning in England and indicates some of the problems which surround increased regional autonomy in governmental systems. It is argued that decision-making processes around land use, especially when they concern conflicts between development and environmental protection, are not easily rendered into the flexible arrangements deemed characteristic of governance. Two case studies in the housing and minerals sectors – presented to illustrate this general argument – show the existence of strong ‘strategic lines’ which tend to subsume local representations and limit the formation of partnerships. In both cases, the strategic line comes dressed in the language of technical (numerical) forecasts and projections which raises problems for any local opposition to the thrust of the strategy. In conclusion it is argued that although some recasting of the planning regime in each sector is underway this has only served to highlight continuing problems in linking strategy and locality, especially in cases of conflict around land use, which regional governance may not easily alleviate. Cet article examine le prétendu changement du gouvernementà la gouvernance dans le contexte de la planification de l’utilisation du sol en Angleterre et montre certains des problèmes liés à la croissance de l’autonomie régionale dans les systèmes gouvernementaux. Les processus de décision concernant l’utilisation du sol, particulièrement quand ils concernent des conflits entre le développement et la protection de l’environnement, ne sont pas aisément résolus par les arrangements flexibles qui sont dits caractéristiques de la gouvernance. Deux cas d’étude dans les secteurs du logement et des mineraux – présentés afin d’illustrer l’argument général – montrent l’existence de fortes ‘strategic lines’ qui ont tendance à inclure les représentations locales et qui limitent la formation d’associations. Dans les deux cas, ‘the strategic line’ prend la forme des prévisions techniques (quantitative) et des projections, ce qui pose des problèmes pour toute opposition locale à la dynamique de la stratégie. En conclusion, bien que certains remaniements soient en cours dans le régime de planification de chaque secteur, ceci n’a servi qu’à souligner les problèmes continus des liens entre la stratégie et la localité, particulièrement en cas de conflit quant à l’utilisation du sol, que la gouvernance régionale risque de ne pas pouvoir résoudre facilement.     

Mitigating shortage and distribution costs in damaged water networks

Recent events have sparked renewed interest in disaster mitigation for public infrastructures. Presidential Decision Directive 63 identifies water distribution as being among the most vital and vulnerable of our large-scale infrastructures. Water distribution networks are vulnerable to threats such as chemical and biological contamination, cyber attacks on computer-based management systems, and physical destruction from acts of nature and intentional attack. This research develops methods for configuring the undamaged portion of the water network to mitigate the consequences of physical destruction. The approach is to find a hydraulically feasible residual network that can be pressurized to meet the demand of a subset of demand sectors. Demand sectors not pressurized then receive water through truck distribution from pressurized sectors. The objective is to minimize weighted water shortage and water truck distribution costs by identifying sectors to pressurize along with an assignment of unpressurized sectors to pressurized sectors for water delivery by truck. The paper develops an optimization model, describes a solution method, and presents computational results for three example networks.