The effect of the wife's working status on familial dominance structure

This study examines the effect of the working wife on the distribution of control in the family for specific product decisions. Results lend general support for the proposition that whether a wife is working or not affects her position in the control decision structure in the family. However, the presence of children in the family and the reason for working had no effect on this distribution of control. A new methodological approach to assessing “power” in the family is utilized.     

Interesting problems and interesting research: A path to effective exchanges between managers and scholars

Understanding how organizations operate and finding ways to improve organizations are of central importance to managers and to scholars that study business. We believe that greater synergy can be developed between these two groups. In particular, we suggest that collaborating on issues that both groups view as interesting can provide a motivating and stimulating setting for finding ways to improve organizations. We also offer two series of specific recommendations: one for managers and one for scholars. These recommendations are intended to make each side’s goals more salient to the other and to help each side become a more valued resource for the other.     

The Effect of Interest Rates on the Value of Corporate Assets and the Risk Premia of Corporate Debt

A growing number of papers have applied option pricing techniques to the valuation of risky debt. This paper deals directly with how a firm's relationship to interest rates affects its debt. A sequential binomial model is used to price the zero-coupon bonds of a firm whose value is related to interest rate changes.The results show that the strength of the relationship between firm value and interest rates (interest-rate risk) can have a significant impact on the value of a firm's debt. The model produces its most powerful results when the volatility of firm value is high and the term structure has a steep (negative or positive) slope; there is no impact when the term structure is flat. Our results indicate that empirical studies of yield spreads may have severe shortcomings if the relationship of firm value to interest rate changes is ignored.     

Issue size and term-structure segmentation effects on regional yield differentials in the municipal bond market

This study extends the debate regarding segmentation influences in the market for municipal securities. In particular, it provides empirical evidence that relative security supplies, differential pledging requirements, and differential state personal income taxes produce systematic differences in municipal borrowing costs across states. These influences vary by issue size and term to maturity.     

Research on entrepreneurship in the informal economy: Framing a research agenda

The informal economy consists of economic activities that occur outside of formal institutional boundaries but which remain within informal institutional boundaries for large segments of society. We draw from diverse disciplines to frame research concerning entrepreneurship in the informal economy around three separate theories: institutional theory, motivation-related theories from a sociological perspective, and resource allocation theory. Each of these theories provides a complementary lens through which to examine the incentives, constraints, motivations, strategies, and abilities of entrepreneurs to operate and grow their ventures in the informal economy. Employing these theoretical perspectives facilitates efforts to highlight the breadth of informal economy research in different domains and lays foundations for future entrepreneurship research.     

Coping with Crowding: Tourist Displacement in the New Zealand Backcountry

The displacement phenomenon in outdoor recreation has increased in importance in recent years. It is one of a number of cognitive and behavioural coping mechanisms that are being employed by recreationists in the New Zealand backcountry. Displacement may be divided into intra-site and inter-site displacement, and further segmented into spatial and temporal displacement. This paper, utilising data collected at 22 sites within the New Zealand backcountry, explores the extent to which displacement is occurring in our natural areas. It evaluates displacement at the key Department of Conservation tracks, namely, the Great Walks and investigates other cognitive and behavioural coping strategies that are being employed at these sites. Furthermore, management strategies that may be used to mitigate crowding and displacement are identified.