Are cultural values associated with organizational and union commitment and citizenship behavior? A study of Chinese manufacturing workers

This paper examines the association between individual-level cultural values and employees’ commitment to, and citizenship behaviors towards, their employing organization and union. Based on a study of Chinese manufacturing workers, several significant findings emerged, most notably that workers distinguished clearly between the organization and union as foci for commitment and that horizontal, but not vertical, collectivism was positively associated with union commitment and union citizenship behavior. Our results suggest the need to differentiate between horizontal and vertical collectivism when considering the effects of cultural values on attitudes towards unions and collective action.     

Why Do Non–union Employees Want to Unionize? Evidence from Britain

This paper assesses the determinants of the level of support for union membership among non–union employees. Using data from a representative sample of non–union employees in Great Britain, the research confirms the importance of job dissatisfaction, left–wing views and perceived union instrumentality as predictors of willingness to join a trade union, union instrumentality being the most significant.     

Risk factor and industry effects in the cross-country comovement of momentum returns

This paper examines the sources of cross-country comovement of momentum returns over the 1975–2004 period. Using data on more than 17,000 individual firms across 100 industries from 40 countries, we document the profitability of country-neutral individual firm, industry, and industry-adjusted return momentum. We show that country-neutral momentum returns are significantly correlated across countries, the correlation is time-varying, and that comovement among industries cannot explain the comovement of country-neutral momentum returns. However, we find that standard risk factor models do explain a significant portion of the cross-country comovement of momentum returns, even though they do not explain average momentum returns.     

New development: The role of benchmarking in supporting improvement in local government— Scottish and Welsh practitioners' perspectives

A primary leadership challenge facing central budget agencies is sustaining the respect of finance ministers. Lessons are drawn in this article from the corrosive effect that missed opportunities to take the lead on economic strategy and public service modernization had on the long-term respect commanded by the Irish Department of Finance, and from the strategic re-orientation the New Zealand Treasury undertook to correct its tendency to ‘over-reach’ itself in these areas following a process of capacity-building and cultural transformation in the 1980s.