An examination of the peer review process in accounting journals

An anonymous survey of university accounting faculty was conducted to assess current perceptions of the peer review process in accounting journals. The responses revealed that (a) most respondents are fairly positive about the peer review process, especially the process being fair/unbiased and improving the quality of research; (b) the most serious perceived threats to review process integrity involve reviewer misconduct (e.g., delaying reviews for self-interest or rejecting papers for revenge); (c) editors allowing excessive delays in the process and institutional favoritism by editors are seen as the most prevalent issues; (d) editors/associate editors of high-level or top-tier journals are most positive about the review process, while assistant professors, those at doctoral-granting institutions, and those submitting to top-tier journals are least positive; and (e) respondents’ suggestions for improving the review process emphasize improving timeliness, reducing favoritism, and reconsidering the notion of blind reviews (some consider blind reviews to be impossible, but others want to ensure that reviews are blind). Based on the results and other sources, we offer a proposed starting point for a peer review code of conduct for accounting journals.     

Investigating the impact of endogeneity on inefficiency estimates in the application of stochastic frontier analysis to nursing homes

This paper examines the impact of an endogenous cost function variable on the inefficiency estimates generated by stochastic frontier analysis (SFA). The specific variable of interest in this application is endogenous quality in nursing homes. We simulate a dataset based on the characteristics of for-profit nursing homes in California, which we use to assess the impact on SFA-generated inefficiency estimates of an endogenous regressor under a variety of scenarios, including variations in the strength and direction of the endogeneity and whether the correlation is with the random noise or the inefficiency residual component of the error term. We compare each of these cases when quality is included and excluded from the cost equation. We provide evidence of the impact of endogeneity on inefficiency estimates yielded by SFA under these various scenarios and when the endogenous regressor is included and excluded from the model.     

Are Agricultural PACs Monolithic? An Empirical Investigation of Political Contributions from Agricultural Subsectors

This article analyzes donation strategies of agricultural PACs by examining and testing a variety of variables theoretically related to contributions and formally testing for equivalence of donation strategies across PACs of varying levels of aggregation. Both chambers of the 108^th Congress were modeled, with particular attention paid to the targeting of different power or influence sources within the legislature. Results showed significant heterogeneity across PAC subaggregates within a chamber, as well as between chambers, in terms of overall strategy and magnitude of marginal impacts. Evidence supporting the conditional party government hypothesis was mixed and subindustry specific, with chairmanships apparently less important in the Senate than in the House.     

How Costly is Hospital Quality? A Revealed‐Preference Approach

We analyze the cost of quality improvement in hospitals, dealing with two challenges. Hospital quality is multidimensional and hard to measure, while unobserved productivity may influence quality supply. We infer the quality of hospitals in Los Angeles from patient choices. We then incorporate ‘revealed quality’ into a cost function, instrumenting with hospital demand. We find that revealed quality differentiates hospitals, but is not strongly correlated with clinical quality. Revealed quality is quite costly, and tends to increase with hospital productivity. Thus, non-clinical aspects of the hospital experience (perhaps including patient amenities) play important roles in hospital demand, competition, and costs.     

Experience of Canadian and Chinese acquisitions in Kazakhstan

Our intention is to explore and describe the nature and the role of social integration mechanisms that moderate relationships between cultural distance and social integration. We followed one company, currently named KazOil, over 10 years and during two consecutive acquisitions by very different MNCs (Hurricane and CNPC) from two different national cultures (Canada and China, respectively). We found differences in the levels of post-acquisition social integration of the two acquisitions. Surprisingly, a more culturally distant MNC from a national culture perspective was more successful in achieving post-acquisition social integration than a culturally close one. We ascribe this to the fact that although both acquirers made extensive use of both formal and informal social integration mechanisms, they favored different types. We also specify other contextual variables which may explain the above findings.     

Case study of the use of the transportation algorithm for school districting under federal integration guidelines

One part of the problem of school districting is the assignment of children to schools in such a manner as to minimize the overall cost of the system. This is a simple transportation problem and transportation procedures have been used in the past so as to minimize such things as total student-miles traveled (both straight line and actual travel distance), cost of transportation and many other measures of “Cost”.

Even with the introduction of minimum and/or maximum Federal integration limits, the problem can be stated as a transportation problem with suitable alterations. This paper presents a case study of the application of the transportation procedure to school districting under integration guidelines along with some observations on the results.     

Analysing the job characteristics model: new support from a cross-section of establishments

We evaluate the empirical relevance of the Job Characteristics Model of Hackman and Oldham in the modern organizational environment using unique, nationally representative data from a survey of British establishments. The data contain information on a large number of establishments and multiple workers within each establishment. The results generally support the Job Characteristics Model's predictions that task variety and worker autonomy are positively associated with labour productivity and product quality and that autonomy is positively associated with worker satisfaction. In contrast to previous studies, we find the results for task variety are stronger for the performance-related outcomes than for worker satisfaction. The theoretically predicted moderating effect of context satisfaction is largely unsupported in the data.     

The Structural Origins of Territorial Stigma: Water and Racial Politics in Metropolitan Detroit, 1950s–2010s

This article develops the concept of territorial stigma by analyzing how it can be cultivated at the level of political institutions across administrative divides. I consider the case of Detroit's regional water department, which until 2016 was owned and operated by the city and served over 120 suburban regional municipalities. I start by examining the cooperative city–suburban water system expansion in the 1950s and then analyze the rise of Detroit's first black‐led administration in 1974, after which the water authority became a key regional institution that provided an opportunity for white suburban leaders to organize against the city. I find that suburban leaders advanced their immediate goal of mitigating rate hikes by declaring the city to be greedy and inept, instead of acknowledging structural conditions that increased operational costs. This had the effect of reproducing racialized stereotypes at the political level, which had enduring effects. The argument builds on the existing literature on territorial stigma by (1) identifying state institutions as sites for the propagation of stigma and (2) considering stigmatized places in relation to their non‐stigmatized neighbors. The analysis integrates material‐structural and cultural‐symbolic factors in order to understand the perpetuation of regional urban inequalities.     

“The Social and Instuitional Economics of the Original Schumpeter”

ASSA Paper. ASA Session on Schumpeter     

The competitive nature of the nursing home industry: price mark ups and demand elasticities

Nursing home markets are likely to deviate from a competitive structure because of limitations on entry imposed by Certificate of Need (CON) regulations and the potential for product differentiation along such attributes as location, religious affiliation and quality. This paper investigates the structure of nursing home markets in New York State by calculating price mark ups and residual private pay demand elasticities. It shows that the residual demand elasticity is bound by estimates based on price mark ups above marginal costs and above Medicaid rates. This approach allows estimation of demand elasticities in all markets, whether or not CON regulations constrain bed supply. Mean price elasticities (in absolute value) calculated for nursing homes in New York State in 1991 ranged from 3.46 to 3.85.