中国股市反弹有期

【美国《华尔街日报》8月14日】中国股市目前位于19个月来的低点附近。大盘何时才能触底呢？     

Tourism and local economic development. Beyond the conventional view

The relationships between tourism and local economic development extend beyond conventional notions of jobs, diversification and income. The drive for tourism by local authorities and linked agencies, often through the creation of a local action plan, provides a valuable self-appraisal opportunity that may raise the awareness of local economic potentials. Moreover, it also nurtures productive team-building and partnership development within and between local authorities and outside agencies and organisations, and spins off into wider local economic benefits such as image enhancement and the attraction of inward investment. Ultimately, it may boost the local policy machine in ways that enhance and extend the status and strength of the local economy.     

Public Goods in the Field: Katrina Evacuees in Houston

Crises and disasters, whether natural or man-made, are defined by conditions of uncertainty, disorder, and stress. In this research, we explore the extent to which individuals who were evacuated from New Orleans to Houston in the aftermath of Hurricane Katrina cooperated with one another in a public goods game. The study focuses on predominantly African-American evacuees from New Orleans who were relocated to Houston-area shelters in the weeks immediately after Hurricane Katrina. In this study, 352 evacuees participated in small groups across six different Houston evacuation shelters from September 10 through 19, 2005. The experiments reported here are adaptations of “dictator” and “public goods” experiments. We find strong evidence of group cooperation in the Houston-area shelters.     

Thorstein Veblen's Analysis of German Intellectualism: Institutionalism as a Forecasting Method

A bstract Veblen's critique of German intellectuals during World War I ran parallel to his overall critique of Imperial Germany . Elements from the modern West (liberal ideas or technology ) were seen as grafted onto the German authoritarian structure in such a way as to temporarily strengthen that structure. Analysis of wartime writings by German academics verifies Veblen's assertions. Those writings presented the authoritarian state as a better protector of the interests of all the German people than was the type of constitutional state found in Britain. The shrill wartime writings of Werner Sombart wete of a different tone than those of the moderates, verifying Veblen's concerns over the explosiveness of the mixture of the modern and authoritarian, as well as its fascistic potential. Veblen's institutional forecastting can, with reservations, be rewarding in analyzing similar atavistic continuities today.     

Employee Perceptions of Job Influence and Organizational Participation Employee Perceptions

An analysis using British matched employer-employee data finds that workers in establishments operating employee participation schemes feel that they have greater influence over their jobs. Schemes involving broader forms of participation, such as representative participation and briefing groups, are shown to be more strongly associated with greater influence than those of a more focused type, such as quality circles and work teams. There is little evidence of a strong positive interaction between these types of schemes.     

The impact of managerial change on team performance in professional sports

Over a quarter-century of match-level data are used to examine the effect of managerial change on team performance in English (association) football, using ordered probit regression. On average, teams that changed their manager within-season are found to under-perform over the following 3 months. Managerial change also increases the variance of the non-systematic component of performance in the short term. The high incidence of within-season managerial change in English football may be a consequence of team owners gambling that an increased variance may help produce an improvement in performance sufficient to stave off the threat of relegation.     

Employee job rights: Foundation considerations

Employee job rights have become a controversial issue, with some courts ruling employees have a fundamental right in retaining their job. Employment at will and assigning the worker a property right to his job are examined from three paradigms of social interaction. An alternative model is presented, and is more consistent with each of the three paradigms. Rick Molz is Assistant Professor of Management at Clarkson University. He was Vice-president of the Hickson Electric Corp. from 1975–1981. His articles have appeared in such journals as The Journal of Business Strategy and Business Horizons.     

Information systems, incentives and the timing of investments

The purpose of this paper is to study the effects of introducing information systems into a model featuring managerial incentive problems and investment opportunities that are mutually exclusive over time. In a principal-agent model in which a manager (agent) has superior information about investment costs, we introduce information systems, the signals from which are available to both the manager and the owner of the investment opportunity, which allow the owner to decrease the manager's informational advantage.We examine (i) the characteristics of the optimal information systems; (ii) the effects of such information systems on the owner's investment and compensation choices and on the value of the investment opportunity to the owner; (iii) the effects of such information systems on the timing of investment; (iv) the effects of such information systems on the overall probability of investment; and (v) when the owner might want to improve the information system at a particular point in time.     

Organizational Citizenship Behavior and Role Breadth: A Meta‐Analytic and Cross‐Cultural Analysis

We provide a meta‐analysis of the empirical literature concerning role breadth, defined as the degree to which employees consider organizational citizenship behavior (OCB) to be an inherent part of their job. Results based on a combined sample size of 9,222 showed: (a) Confucian Asians consider OCB as part of their job to a greater extent than do their Anglo counterparts; (b) affiliative kinds of OCB (e.g., helping, conscientiousness, and courtesy) are more likely to be considered part of one's job than are change‐oriented OCB (e.g., voice, taking charge, and initiative); and (c) OCB‐inclusive role breadth correlates strongly with OCB (r_c = .43). The implications of these findings for human resources practice, such as competency modeling, employee selection and training, organizational rewards, and employee‐employer/supervisor relations, are discussed. © 2013 Wiley Periodicals, Inc.