Influence of purchaser perceptions and intentions on price for forest land parcels: A hedonic pricing approach

A hedonic model was developed to analyze the market for undeveloped forest land in Minnesota. Variables describing in situ conditions, locational characteristics, buyer perceptions and intentions, and transactional terms were tested for their influence on sale price. The independent variables explained 67% of the per hectare sale price variation. Water frontage, road access and density, absentee ownership, future intentions, and financing arrangements had large, positive influences on price. Lack of a real-estate agent and agricultural land in the vicinity of the parcel had negative influences. A parcel's merchantable timber volume was not a significant predictor of price.     

Valuation of tax expense

As tax expense reflects value lost to taxes paid, it should be negatively associated with value, provided nontax, value-relevant information is controlled for. However, valuation regressions estimated in prior research—using contemporaneous tax expense and nontax variables—document substantial variation in the coefficients on tax expense, ranging from significant negative to significant positive values. We show this variation is (a) caused by the omission of expected future profitability, and (b) explained by many factors that cause variation in the correlations among included variables and omitted future profitability. Unfortunately, difficulties associated with separating the impact of individual factors hampers tax research investigating determinants of the value relevance of tax expense.     

A goal-oriented pharmaceutical research and development organization: an eleven-year experience

Pharmaceutical R & D effort is multidisciplinary and matrix in management form, but variable in organizational detail. Upjohn's discipline-oriented organization (coordination matrix) of 11 years ago is compared to its current organization consisting of a goal-oriented, leadership matrix and a simultaneously existing coordination matrix. Product development success and individual performances were similar for the concurrent coordination matrix and leadership matrix. Consensus on candidate product identification and execution of development plans is easier with a leadership matrix than with a coordination matrix, but flexible response to new or changing goals seems more likely with a coordination matrix. The location of candidate product advocacy differed in the two types of organization. Strategies effected over the 11-year period to overcome inherent limitations of goal-oriented organizations and functional organizations included the maintenance of competing yet synergistic, functional, and goal-oriented organizations, a strong publication and basic research policy, and a Troika' approach to candidate selection and development in the functional organization.     

A systematic literature review of crowdfunding and sustainability: highlighting what really matters

Management Review Quarterly - This article systematically reviews literature at the intersection of crowdfunding and sustainability. It analyzes the extent to which the current research foci in...     

“Evolutionary” and “revolutionary” events affecting HRM in Israel: 1948–2008

In Western countries, HRM strategies, policies and practices commonly develop in a gradual and incremental “evolutionary” way, but unforeseen domestic or external events can also engender “revolutionary” rapid changes. This paper reviews the major evolutionary and revolutionary changes arising from internal and external sources that Israel has experienced since the founding of the State in 1948, which stem primarily from the political, economic, societal and technological spheres. Israel's HRM has been required to take on new roles to adjust to these changes. A set of propositions derived from a 2-dimensional conceptual model associating source (internal/external) with nature (evolutionary/revolutionary) of change is put forward to account for HRM responses and operations in Israel.     

Citation success: Evidence from economic history journal publications

This study examines the determinants of citation success among authors who have recently published their work in economic history journals. Besides offering clues about how to improve one's scientific impact, our citation analysis also sheds light on the state of the field of economic history. Consistent with our expectations, we find that full professors, authors appointed at economics and history departments, and authors working in Anglo-Saxon and German countries are more likely to receive citations than other scholars. Long and co-authored articles are also a factor for citation success. We find similar patterns when assessing the same authors' citation success in economics journals. As a novel feature, we demonstrate that the diffusion of research — publication of working papers, as well as conference and workshop presentations — has a first-order positive impact on the citation rate.     

Late Industrialization and Structural Change: Indonesia, 1975–2000

This paper examines economic growth and structural change in Indonesia during the period 1975–2000 using an input–output-based structural change decomposition method. The analysis focuses on the sources and pattern of growth during three phases of economic development: the inward-oriented phase from 1975 to 1985; the outward-oriented phase from 1985 to 1995; and the recent phase of crisis and recovery from 1995 to 2000. Growth during the first phase, although impressive, was moderate in comparison with the export-led manufacturing-driven growth during the second phase. During both these phases, the Indonesian economy witnessed significant structural changes, especially within manufacturing. However, the dynamics underlying growth and structural change showed important differences. Although growth under the first two policy regimes was assisted by favourable economic circumstances, selective industrial policies may also have played a significant role. The results suggest that the long neglect of the technological foundations and human capital base of the economy could be holding back recovery and sustained growth in the present phase.