Person–Organization Fit on Prosocial Identity: Implications on Employee Outcomes

This study examined the relationship between person–organization (PO) fit on prosocial identity (prosocial PO fit) and various employee outcomes. The results of polynomial regression analysis based on a sample of 589 hospital employees, which included medical doctors, nurses, and staff, indicate joint effects of personal and organizational prosocial identity on the development of a sense of organizational identification and on the engagement in prosocial behaviors toward colleagues, organizations, and patients. Specifically, prosocial PO fit had a curvilinear relationship with organizational identification, such that organizational identification increased as organizational prosocial characteristics increased toward personal prosocial identity and then decreased when the organizational prosocial characteristics exceeded the personal prosocial identity. In addition, organizational identification and prosocial behaviors increased as both personal and organizational prosocial identity increased from low to high.     

Dividend Payouts and Corporate Governance Quality: An Empirical Investigation

Motivated by agency theory, we investigate how a firm's overall quality of corporate governance affects its dividend policy. Using a large sample of firms with governance data from The Institutional Shareholder Services, we find that firms with stronger governance exhibit a higher propensity to pay dividends, and, similarly, dividend payers tend to pay larger dividends. The results are consistent with the notion that shareholders of firms with better governance quality are able to force managers to disgorge more cash through dividends, thereby reducing what is left for expropriation by opportunistic managers. We employ the two‐stage least squares approach to cope with possible endogeneity and still obtain consistent results. Our results are important as they show that corporate governance quality does have a palpable impact on critical corporate decisions such as dividend policy.     

The forward method as a solution refinement in rational expectations models

This paper generalizes the standard forward method of recursive substitution to a general class of linear rational expectations models with potentially multiple fundamental solutions. It is shown that the existence and uniqueness of the well-known forward solution are preserved in a general context. We also propose a key property embedded in the forward solution - the no-bubble condition - as an economically sensible solution refinement in the class of fundamental solutions. In the literature, the no-bubble condition has been assumed to rule out non-fundamental bubble solutions. We show that the forward solution is the only rational expectations equilibrium satisfying the no-bubble condition and consequently, it is the most relevant fundamental solution within the class of fundamental equilibria. Several economic examples are provided where the fundamental solutions obtained by other solution methods and refined by other solution selection criteria violate the no-bubble condition.     

Bayesian interval estimation for the difference of two independent Poisson rates using data subject to under‐reporting

Comparing occurrence rates of events of interest in science, business, and medicine is an important topic. Because count data are often under‐reported, we desire to account for this error in the response when constructing interval estimators. In this article, we derive a Bayesian interval for the difference of two Poisson rates when counts are potentially under‐reported. The under‐reporting causes a lack of identifiability. Here, we use informative priors to construct a credible interval for the difference of two Poisson rate parameters with under‐reported data. We demonstrate the efficacy of our new interval estimates using a real data example. We also investigate the performance of our newly derived Bayesian approach via simulation and examine the impact of various informative priors on the new interval.     

Generalized runs tests for the IID hypothesis

We provide a family of tests for the IID hypothesis based on generalized runs, powerful against unspecified alternatives, providing a useful complement to tests designed for specific alternatives, such as serial correlation, GARCH, or structural breaks. Our tests have appealing computational simplicity in that they do not require kernel density estimation, with the associated challenge of bandwidth selection. Simulations show levels close to nominal asymptotic levels. Our tests have power against both dependent and heterogeneous alternatives, as both theory and simulations demonstrate.     

Internationally educated nurse hiring: geographic distribution, community, and hospital characteristics

As the largest importer of internationally educated nurses (IENs), the United States is considered to be the epicenter of global nurse migration. The purposes of this study were to examine the geographic distribution of IEN hiring and determine associations between community and hospital characteristics and IEN hiring. More community characteristics than hospital characteristics were strongly associated with IEN hiring which suggest perceived community needs and receptivity to lENs could be an important consideration in hospital administrators' decisions to hire IENs. These findings suggest that as the U.S. population ages and becomes increasingly diverse, the demand for IENs is likely to grow. Nurse leaders and faculty may face challenges with regard to the ethical recruitment of IENs from low-income countries, incorporation of IENs into U.S. health care organizations, and continued development of a diverse U.S.-educated nursing workforce. This study expands understanding of the demand side of IEN employment in U.S. hospitals by providing the first in-depth examination of the community and hospital factors related to hospitals' IEN hiring.     

What do firms from transition economies want from their strategic alliance partners?

A financial system engaged in active transition from central planning to free market may be dubbed a transition economy. On today's global landscape, there are several important transition economies, all at various stages of transition and with differing degrees of success. Yet, much is not known about this important sector of the world economy. As outside enterprises seek alliances with firms from transition economies, it is important to know what these firms want from alliance partners. To learn more, we conducted a study interviewing managers of private firms from the two largest and most strategically important transition economies: China and Russia. We found that while Chinese and Russian firms often hope for some of the same things as their counterparts in mature economies as regards alliances, they are also interested in other things not normally associated with alliances: political influence, relief from paying bribes, and protection from extortion or even violence. Moreover, we discovered that because of differing institutional conditions in the two countries, Chinese firms are not always looking for the same things from alliances as are Russian firms—in spite of surface similarities between the two economies. Based on these findings, we provide guidelines for firms seeking alliance partners in transition economies, to assist them in determining if an alliance is right for them and planning accordingly.     

The Effect of Ownership Structure on Corporate Social Responsibility: Empirical Evidence from Korea

Relatively little research has examined the effects of ownership on the firms’ corporate social responsibility (CSR). In addition, most of it has been conducted in the Western context such as the U.S. and Europe. Using a sample of 118 large Korean firms, we hypothesize that different types of shareholders will have distinct motivations toward the firm’s CSR engagement. We break down ownership into different groups of shareholders: institutional, managerial, and foreign ownerships. Results indicate a significant, positive relationship between CSR ratings and ownership by institutions and foreign investors. In contrast, shareholding by top managers is negatively associated with firm’s CSR rating while outside director ownership is not significant. We conclude that different owners have differential impacts on the firm’s CSR engagement.     

Appraising Alternatives for Allocating and Cost Recovery for Irrigation Water in Egypt

Alternative approaches to allocating and recovering costs for water on Egyptian farms are proposed and evaluated in accordance with the societal objectives of allocative efficiency, equity of income distribution and cost recovery. A linear programming model of a study area in Egypt's northern Delta predicts farmers' response to the proposed cost-sharing instruments over a range of water supply conditions. Transactions costs for each charging instrument are estimated and incorporated into the allocative. efficiency analysis. Flat land charges, supplemented by water quotas in the event of increasing water scarcity, best achieve societal objectives in the current and prospective Egyptian situation. Volumetric charging instruments were judged to be somewhat less desirable, due to higher tangible and intangible costs of implementation. The results highlight the importance of transactions costs, the degree of water scarcity and other governmental revenue raising policies in determining an appropriate charging mechanism.     

NON-PARAMETRIC TESTS FOR CHANGES IN CONSUMER PREFERENCES FOR MEAT IN GREAT BRITAIN

The paper investigates whether the changing pattern of meat and fish purchases, which has occurred in Britain since the 1960s, is due to changes in the structure of consumer preferences or is attributable to conventional economic factors (changes in relative prices and total expenditure). The analysis is based on two non-parametric tests, derived from revealed preference theory. These do not require the explicit specification and estimation of a demand system. The hypothesis that the data are consistent with stable preferences is accepted; in principle, all variations in consumption can be fully explained by price and expenditure changes. However, some caution is counselled. As with all hypothesis testing, acceptance is less conclusive than rejection; some structural changes in preferences may have gone undetected.