Opportunities for Economic Research by Secondary School Students

Babe Ruth was both an outstanding hitter and pitcher for the Boston Red Sox between 1915 and 1919. After his acquisition by the New York Yankees, however, he achieved fame as a hitter. This career path is used to illustrate how the comparative advantage of a baseball player may be determined.     

In Pursuit of Time: Business Plan Sequencing,Duration and Intraentrainment Effects on New Venture Viability

In this study, we examine three under‐explored dimensions of the temporal relationship between formal written business plans and the achievement of new venture viability. First, we theorize and investigate the effects of plan sequencing; arguing that a business plan written early on in new venture development increases the prospects of venture viability. Second, we examine plan duration effects, and argue that there is a curvilinear relationship between spending time on a plan and achieving venture viability. Finally, we investigate plan intraentrainment effects (synchronization with other gestation activities). We theorize that if plans are synchronized with other gestation activities, venture viability is more likely. Using longitudinal data and controlling for truncation and endogeneity issues, we find that it is beneficial to plan early but that this is contingent on how long a founder spent on a plan and whether or not a plan is intraentrained with other gestation activities.     

Goodbye,Good Luck,See Ya Next Week——BusinessWeek talks to Bill Gates as his final day at Microsoft approaches

It's been one of the most carefully orchestrated transitions in corporate his- tory.Microsoft Chairman William H. GatesⅢannounced two years ago he would walk away from his day-to-day duties at the company he co-founded to spend more time working on philan-     

The boundary relevance of the project manager's job: findings and implications for R & D management

Much of the stress and conflict in the project manager's job can be attributed to the boundary nature of that position. This study explores the relevance of recent developments in organizational role theory for clarification and understanding of the project manager's job. Findings are reported from a study which show that traditional management thought is inadequate for understanding the factors which regulate the project manager's behavior. One must recognize the boundary relevance of the project manager's role in order to avoid organizational or administrative arrangements that would be undesirable for project management. Several implications, which logically follow from the theory and findings on boundary role behavior, are noted for their relevance for R & D management.     

Religiosity,Economics and Life Satisfaction

This paper uses a large individual data set from the Euro Barometer Survey (ICPSR 1993 Interuniversity Consortium for Political and Economic Research (ICPSR) 1993 Euro-Barometer Surveys Ann Arbor: University of Michigan  ) to estimate the influence of religious phenomena on self-perceived satisfaction of an individual, controlling for macroeconomic conditions, effects of his political stance, and other socio-economic variables. Our estimated ordered logit model results show that an individual's life satisfaction is positively related to measures of strong religious attachment in the sense of being willing to commit to attending religious services frequently. Our other findings include that no strong evidence exists for the hypothesis that leftists suffer more from income inequality.     

An assessment of a venture creation programme: the case of Shell LiveWIRE

This paper examines the problems inherent in assessing the role of venture creation programmes. It suggests that there are, in particular, two areas to be considered. First, any assessment is contingent upon the evaluation context. In other words, not only are the objectives of any particular venture creation programme important, but also so are the objectives of the evaluation. Following on from this, it is also apparent that a simple input-output (‘black-box’) assessment is unlikely to fully capture the discontinuities or ambiguities inherent in the entrepreneurial process. To address these issues, an assessment instrument is developed to estimate the equivocal nature of the venture creation process. This 4-fold instrument suggests considering individuals in four states: individuals who use a programme but do not subsequently consider entrepreneurship to be appropriate (NO WISH); those who would countenance entrepreneurship in the future (POTENTIALS); those currently attempting to become entrepreneurs (NASCENTS); and those who are entrepreneurs (ACTUALS). Subsequently, this assessment instrument is used to consider the case of Shell LiveWIRE, which is a dedicated provider of enterprise support to young people in the UK. Based upon a sample of over 1000 young people, a probit and ordered probit analysis show that ‘soft’ forms of support (signposting and information provision) were of little value in moving individuals towards entrepreneurial activity. The research also found that the more likely an individual was to be engaged in entrepreneurial activity, the less their expressed value of LiveWIRE services.     

Non-attendance and dual processing of common-metric attributes in choice analysis: a latent class specification

There is a growing literature that promotes the presence of process heterogeneity in the way that individuals evaluate packages of attributes in real or hypothetical markets and make choices. A centerpiece of current research is the identification of rules that individuals invoke when processing information in stated choice (SC) experiments. These rules may be heuristics used in everyday choice making as well as manifestations of ways of coping with the amount of information shown in choice experiment scenarios. In this paper, using the latent class framework, we define classes based on rules that recognise the non-attendance of one or more attributes, as well as on the addition and the parameter transfer of common-metric attributes. These processing strategies are postulated to be used in real markets as a form of cognitive rationalization. We use a SC data set, where car driving individuals choose between tolled and non-tolled routes, to translate this new evidence into a willingness to pay (WTP) for travel time savings, and contrast it with the results from a model specification in which all attributes are assumed to be attended to and are not added up with parameter preservation. We find that the WTP is significantly higher, on average, than the estimate obtained from the commonly used full relevance and attribute preservation specification.     

Medication adherence and discontinuation of long-acting injectable versus oral antipsychotics in patients with schizophrenia or bipolar disorder

Aims: To examine medication adherence and discontinuation in two separate groups of patients with schizophrenia or bipolar disorder (BD), who began receiving a long-acting injectable antipsychotic (LAI) versus those who changed to a different oral antipsychotic monotherapy.

Materials and methods: The Truven Health Analytics MarketScan Multi-State Medicaid claims database was used to identify patients with schizophrenia; Truven Health Analytics MarketScan Commercial and Medicaid claims databases were used to identify patients with BD. The analyses included adult patients (≥18 years) who either began receiving an LAI (no prior LAI therapy) or changed to a different oral antipsychotic (monotherapy). The first day of initiating an LAI or changing to a new oral antipsychotic was the index date. Linear and Cox regression models were conducted to estimate medication adherence (proportion of days covered [PDC]) and time to medication discontinuation (continuous medication gap ≥60 days), respectively. Models adjusted for patient demographic and clinical characteristics, baseline medication use, and baseline ED or hospitalizations.

Results: Patients with schizophrenia (N?=?5638) who began receiving LAIs had better medication adherence (5% higher adjusted mean adherence) during the 1 year post-index period and were 20% less likely to discontinue their medication during the entire follow-up period than patients who changed to a different oral antipsychotic monotherapy, adjusting for differences between LAI users and oral users. Similarly, patients with BD (N?=?11,344) who began receiving LAIs also had 5% better medication adherence and were 19% less likely to discontinue their medication than those using oral antipsychotics.

Limitations: Clinical differences unmeasurable in this database may have been responsible for the choice of LAI versus oral antipsychotics, and these differences may be responsible for some of the adherence advantages observed.

Conclusions: This real-world study suggests that patients with schizophrenia or BD who began receiving LAIs had better medication adherence and lower discontinuation risk than those who changed to a different oral antipsychotic monotherapy.     

Diana: a symbol of women entrepreneurs’ hunt for knowledge,money, and the rewards of entrepreneurship

This article discusses the questions and issues that prompted the founding of the Diana Project, a multi-university research program aimed at identifying factors that support and enable high growth in women-led ventures. Despite the fact that women business owners comprise a significant portion of the economy, women face challenges in acquiring the resources needed to expand their businesses. This article details both the myths and realities associated with women’s entrepreneurship in their quest for growth. In particular, we examine the strategies that women entrepreneurs use to position their firms for growth, especially those strategies related to growth capital. Our results show that women seeking venture capital (VC) have degrees, graduate degrees, and experience that should not preclude them from obtaining financing. We also found that even though women-led businesses are frequently clustered in industries less attractive to financiers, women seeking equity funding are in the appropriate industries. Further, women spend a considerable amount of time using both formal and informal networks in their search for capital and in seeking capital. Because of the importance of the VC industry as a provider of growth capital and its reliance on its network for investment referrals, we also examined the participation and role of women as decision-makers in industry. Women’s participation in the VC industry has not kept pace with industry growth, and women have exited the industry at a faster rate than men, thus creating a significant barrier for women entrepreneurs in that it is less likely that their networks will overlap with the financial supplier networks, despite any effort they may expend networking and seeking capital.

What does diversity management mean for the gender equality project in the United Kingdom? Views and experiences of organizational “actors”

There has been a shift at the organizational level away from a traditional “equal opportunity” paradigm underpinned by notions of social justice, with a specific focus on tackling gender inequalities towards a business‐led “diversity management” paradigm, with a focus on the individual and their contribution to the organization. We argue that diversity management as a concept and model has the potential to undermine the gender equality project, but drawing on a UK‐based study we conclude that whether or not it presently does so in practice is less clear. Nevertheless, our study, presenting views and experiences of multiple organizational actors, demonstrates the seductiveness of the diversity discourse, which could herald danger for the future direction and substance of the gender equality project. Copyright © 2010 ASAC. Published by John Wiley & Sons, Ltd.