Quality, Safety and Consistency Equals Better Business

The United States and China both hold unique titles in the global dietary supplement industry.The U.S.is the global leader in regard to manufacturing and marketing finished dietary supplements and China is the largest supplier of raw materials and ingredients.As the leaders in these two areas,it is important to lead by example and also be the safest.     

Political Risk and Purchases of Privatized State‐Owned Enterprises

We assess the valuation effects and risk for acquirers of privatized state‐owned enterprises (SOEs). The valuation effects of purchasers are positive and significant; they increase for purchasers that have recent high performance, better access to capital, and have engaged in larger acquisitions. The acquirer valuation effects are lower when the selling government is more corrupt, more bureaucratic, and a weaker financial performer. Acquirer's total and unsystematic risk increases, indicating that purchasers of SOEs realize diversification benefits. Systematic risk increases for purchasers when the government is characterized by high political risk.     

An empirical assessment of commercial web-based professor evaluation services

We examined the validity of data found on a popular web-based, user-created commercial professor evaluation service, RateMyProfessors.com (RMP), in business school settings. We compared publicly available RMP data for two business schools with official faculty evaluations unavailable to the public. We find that students rate professors significantly lower on RMP than on official university evaluations. However, we also find that the rankings of official university evaluations and RMP are significantly correlated (p < .001), with correlation values high enough to provide useful data to students.     

CEO tenure,the risk of termination and firm value

We examine CEOs' risk of termination, its determinants and its effect on firm value. Using survival analysis, we find that the risk of termination increases for about thirteen years before decreasing slightly with CEO tenure; 82% of CEOs have tenure of less than thirteen years. We also find that tenure increases with performance and compensation and decreases with monitoring by the board. Changes in the risk of termination do not have a significant effect on firm value. Taken as a whole, our results are consistent with the view that corporate governance functions reasonably well for the vast majority of firms.     

The Neoliberal Assault on the Public University: The Case of Recreation,Park, and Leisure Research

Public universities face critical challenges in terms of teaching, researching, and providing service. Funding mechanisms for various departments, programs, and professors have become increasingly intertwined with market-driven forces in light of neoliberal political and economic philosophies. In this essay, we illuminate neoliberalism and its multiple influences in university recreation, parks, and leisure studies departments. In noting classical theories of leisure and the deleterious aspects of neoliberalism, we encourage researchers, teachers, administrators, and students to resist these prevalent cultural trends, evoking a normative role for universities in the provision of a liberal education.     

Predictors of Career Success Among Lodging Revenue Managers: Investigating Roles of Proactive Work Behaviors

This study integrated the growing literature of proactive work behavior with career success among lodging revenue managers. Proactive work behavior is a timely, relevant, and important research topic for today’s workplaces in the hospitality industry. The aim of this research was to test a model for linkage among four dimensions of proactive work behavior and career success, among 280 lodging revenue managers, while controlling for work experience, age, and gender. First, the confirmatory factor analyses examined the measurement models of proactive work behavior and career success. Next, hierarchical regression analyses demonstrated that all four dimensions of proactive work behaviors contributed positively to subjective career success, but not objective (extrinsic) career success.     

Government‐sponsored lotteries: Exploring purchase and nonpurchase motivations

Although the consumption of government‐sponsored lotteries has grown considerably over the past 30 years, few researchers have considered the psychological motivations underlying lottery purchase behavior. The present research explicitly investigates this issue by examining not only the reported motives for playing the lottery, but the motives for not playing as well. Based on open‐ended surveys of lottery‐eligible individuals, a formal taxonomy of purchase and nonpurchase motivations is developed. Variations in lottery expenditures are examined with respect to the reported motivations, demonstrating the key role of nonpurchase motivations in understanding lottery consumption levels. Policy implications and avenues for future research are also discussed. © 1999 John Wiley & Sons, Inc.     

The Effect of Attribute Variation on Consumer Choice Consistency

We study the effect of shifts in attribute level differences on consumer choice consistency. Choice consistency is measured as the variance of the random error component in the consumer utility function: the smaller this variance, the higher choice consistency. We hypothesize that due to increased choice difficulty, choice consistency decreases if attribute level differences increase while average utility level differences between alternatives remain the same. In our empirical illustration we focus on the impact of price level shifts on choice consistency in conjoint choice experiments. Our results show that choice consistency decreases as price level differences increase and absolute price levels increase.