The practice of discipline: evaluating the roles and relationship between managers and HR professionals

The roles played by managers in exercising workplace discipline have been of long‐standing academic interest. However, relatively little attention has been paid to the way that the distinctive functions of operational managers and HR practitioners may interact and shape the nature and outcomes of disciplinary procedures and processes. This article examines this through a series of organisational case studies. It suggests that dimensions of control between operational managers and HR practitioners are fundamental to understanding the nature of workplace discipline. Furthermore, it argues that this relationship is crucial in determining the prospects for a shift towards greater flexibility in the management of discipline, as called for by Gibbons and reinforced by the Employment Act 2008. Therefore, findings suggest that questions of managerial preparedness to embrace this new agenda must also consider the role played by HR practitioners in embedding a culture of formality.     

The link between the management of employees and patient mortality in acute hospitals

The relationship between human resource management practices and organizational performance (including quality of care in health-care organizations) is an important topic in the organizational sciences but little research has been conducted examining this relationship in hospital settings. Human resource (HR) directors from sixty-one acute hospitals in England (Hospital Trusts) completed questionnaires or interviews exploring HR practices and procedures. The interviews probed for information about the extensiveness and sophistication of appraisal for employees, the extent and sophistication of training for employees and the percentage of staff working in teams. Data on patient mortality were also gathered. The findings revealed strong associations between HR practices and patient mortality generally. The extent and sophistication of appraisal in the hospitals was particularly strongly related, but there were links too with the sophistication of training for staff, and also with the percentages of staff working in teams.     

Knowledge Effects on Curiosity and New Product Advertising

Abstract

Advertisers commonly advocate when writing ad copy, “Keep it simple!” In keeping with this belief, ads are typically written at less than the tenth grade level. The authors assert that this view may be too simple in view of the complex processes underlying cognitive processing. In an experiment where print ads did not vary in terms of their concreteness, the authors found that increasing levels of readability made no differences in recall, attitudinal judgments or purchase intent.     

Canadian Manager Perceptions of the US Exchange Listings: Recent Evidence

This study reports recent evidence of Canadian manager perceptions of the benefits and costs of listing in US markets, their attitudes toward listing in the US market, and their opinions regarding the importance of using alternative reporting and disclosure requirements, such as Canadian GAAP or international standards, in lieu of US GAAP for US listings. Manager perceptions of firms listing in the US ("listers") are compared to those of firms that have not listed in the US ("nonlisters") as well as to listers' perceptions collected prior to the implementation of the Multijurisdictional Disclosure System (MJDS). Our results do not unambiguously support expectations that implementation of the MJDS would result in cost savings for Canadian listers. We find strong similarities in the perceived benefits of listing as previously reported, but in a significantly higher proportion of our post–MJDS sample. Responses from listers and nonlisters reflect differences between the two populations. Listers appeared concerned with US GAAP reconciliations and disclosure requirements while non–listers are more concerned with the overall difficulty of listing, the costs of listing, and US litigation. Most strongly, however, nonlisters perceive it as unnecessary to list in the US market. Contrary to expectations, we find that US accounting disclosure and reporting requirements are not perceived to be barriers to US market entry for Canadian firms, but instead appear to be post–entry irritants. Finally, we also find evidence that perceptions of nonlisters differ between those firms that list on the Vancouver Stock Exchange and those that list on the Toronto Stock exchange. This suggests that future studies may require finer partitions than on a national basis.     

International Finance: Pushing the Statistical Envelope to Meet the Challenges of Globalization

This paper treats three key areas where statisticians are pushing the envelope to meet the challenges of providing the basis for sound analysis and thus for sound policy in pursuit of assuring prosperity and preventing financial crises. In one area, the challenge is to provide comprehensive and timely data on foreign direct investment. In another area, the challenge is similar-to provide comprehensive and timely data on public debt. Moreover, a whole new area of statistics, dealing with the health of the financial sector, is being developed in recognition that one country's financial health or sickness affects its neighbors and many others in a world of complex global ties.     

The link between output and contracts under hyperinflation

In the conventional Keynesian model, nominal wage contracts (acting as a friction) transmit monetary shocks to real variables. In contrast, the new classical or real business cycle theory claims that firms and workers ignore the behavior of the actual real wage and instead generate an efficient level of employment (hence, output) based on a shadow real wage. Using Brazilian data covering a period during which the economy suffered hyperinflation and wage contracts were indexed by the government, results show that these fixed nominal wage contracts did not generate a nonneutrality of money as proposed by the Keynesian model. Instead, results support the view that contracts cannot propagate nominal shocks.     

Trends in U.S. economics majors: Why the decline in the 1990s?

This paper identifies factors that are important in explaining recent trends in undergraduate economics majors. The decline in economics majors during the 1990s has caused concern in the profession because the declining trend had been attributed to a general decrease in student interest in the economics major. This study uses least squares regression techniques to explain trends in economics bechelor degrees granted by 20 New Jersey colleges and universities during the 1979–2000 period, with implications for the national level. The results show that trends in economics majors are primarily a function of demographic trends, business cycle conditions, and the desire to attend post-graduate professional school. None-the-less, the authors conclude that the declining trend in economics majors in the 1990s is still cause for concern because understanding economic principles is important in the development of a globally competitive workforce.     

The origin of spatial interaction

This paper uses spatial empirical methods to detect and analyze trade patterns in a historical data set on Chinese rice prices. Our results suggest that spatial features were important for the expansion of interregional trade. Geography dictates, first, over what distances trade was possible in different regions, because the costs of ship transport were considerably below those for land transport. Spatial features also influence the direction in which a trading network is expanding. Moreover, our analysis captures the impact of new trade routes both within and outside the trading areas.