A Comparison of Construction Contract Prices for Traditionally Procured Roads and Public–Private Partnerships

Theoretical literature suggests higher asset construction costs in a public-private partnership (PPP) than in traditional public procurement, due to the bundling of construction and operation and the transfer of construction risk, among other factors. Data on ex ante road construction prices in Europe suggest a PPP road to be 24% more expensive than a traditionally procured road, ceteris paribus. This estimate resembles reported ex post cost overruns in traditionally procured roads. Thus, the public sector seems to pay a premium on ex ante PPP construction contract prices mostly to cover construction risk transfer. Other reported sources of higher PPP road construction costs, including bundling, seem on average of lesser importance.     

Towards a Post-Dualistic Business Ethics: Interweaving Reason and Emotion in Working Life

We highlight and challenge the dominance of rationalist assumptions in business ethics that promote and legitimize a privileging of reason over emotion as a source of moral action. We ask whether it is possible for business ethics not only to challenge this hierarchy but to avoid its reversal. We start by exploring some origins of reason-based ethics and relate these to ideas about organization. Here we hint at some popular examples of this kind of ethics and discuss two of its more important sources of inspiration: Kant and Weber. Next, we consider the relationship between bureaucracy and morality before evaluating Bauman's ideas about morality in bureaucratic organizations. We argue that Bauman fails to challenge the dualism between reason and emotion as he inverts the hierarchical relationship between them. Contending that this hierarchization should be abandoned, we explore how the preceding discussion illuminates business ethics and address some consequences of our anti-dualist position.     

The effects of offering flexible work practices to employees with unpaid caregiving responsibilities for elderly or disabled family members

Approximately one in 10 employees in Australia, the United States, and Europe have unpaid caregiving responsibilities for elderly or disabled family members. This combination of employment and caregiving roles is problematic when there is conflict between their simultaneous demands. Flexible work practices can be an important mechanism for assisting these employees. However, limited attention has been given to determining the benefits of flexible work practices for these employees, or the process by which these effects arise. We address these gaps via a survey of employees with unpaid caregiving responsibilities for family who are elderly or disabled. Results indicate that greater availability of flexible work practices improves perceptions of workplace support for combining caregiving and employment. This effect was partially and sequentially mediated by disclosure, practice utilization, and practice helpfulness. Additionally, practice availability had a direct positive effect on practice utilization, while disclosure had a direct positive effect on perceived support. Overall, the findings demonstrate the benefits of flexible work practices for employees with caregiving responsibilities. The study also points the way to interventions that can improve the effectiveness of flexible work practices by demonstrating how the potential benefits of these practices are translated into actual improvements in perceived support.     

Board members,corporate social responsiveness and profitability: Are tradeoffs necessary?

The relationship between corporate social responsiveness and profitability is investigated in a sample of corporate directors. The findings show there is no relationship between the level of director social responsiveness and corporate profitability. The implications of these results are discussed, especially as they relate to concerns about corporate governance.Hugh M. O'Neill is an Associate Professor of Strategic Management at the University of Connecticut. He has published studies on corporate strategies and on worker alienation.Charles Saunders is Professor of Strategic Management at the University of Connecticut, and Director of the Ph.D. Program. He has written numerous articles for a wide variety of business journals.Anne McCarthy is a doctoral student in Strategic Management at the Krannert Graduate School of Management, Purdue University. She has an MBA from the University of Connecticut and an AB in Economics from Georgetown University in Washington, D.C. Her research interests include strategy and entrepreneurship as well as business ethics.     

Food shortages and farm prices

In the forthcoming GATT negotiations attention is expected to focus more than in any previous round on the problems in international agricultural trade. The author suggests a set of courses that might be able to restore some semblance of order in world agricultural markets.     

ASYMMETRIC INFORMATION FLOWS IN CUSTOMER MARKETS

In customer markets an information asymmetry exists between a firm's current customers and prospective customers. When a firm changes its price, current customers are instantly aware of the price change, while potential customers are informed slowly of the change. The paper explicitly models this information imperfection and the associated asymmetry in firms' customer flows. The main result of the paper is that, because of the information asymmetry, there will be a range of marginal cost and demand over which the firm has no incentive to change price. It is also shown that prices will be more upwardly flexible than downwardly flexible. The size of the range, and the extent of downward price inflexibility, depends on the rate at which information is transmitted to customers.     

The odd couple?: re-engineering business processes; managing human relations

Here the author examines continuities and tensions between the discourses of Business Process Re-engineering and Human Resource Management. Addressing their respective assumptions and claims, especially with regard to the organization of 'human resources', critical attention is focused upon their shared advocacy of employee empowerment and strong leadership from senior managers.     

On the Ethics of Psychometric Instruments Used in Leadership Development Programmes

Journal of Business Ethics - The leadership development industry regularly claims to aid in developing effective, ethical leaders, using 360-degree psychometric assessments as key tools for so...