Benevolent leadership and follower performance: The mediating role of leader–member exchange (LMX)

This study examines leader?Cmember exchange (LMX) as a mediator of the relationship between benevolent leadership and follower task performance and extra-role performance. Using a sample of 223 leader?Cmember dyads in a nonprofit organization in the People??s Republic of China, results indicate that benevolent leadership and LMX are positively related to follower task performance and organizational citizenship behavior towards the organization (OCBO). Findings also support that LMX partially mediates the relationship between benevolent leadership and follower task performance as well as fully mediates the relationship between benevolent leadership and OCBO. Implications for the theory and practice of leadership in Asia are discussed.     

On the asymptotic normality of some unbiased estimates

Abstract

Let X _m(n) =(X _j , n, ..., X _{j m,n} ) be a subset of observations of a sample X_n = (X_1n X _2n ... , X _nn ). Here the X_jn 'S in Xn are not necessarily independent or identically distributed, and m(n) mayor may not tend to infinity as n tends to infinity. Suppose the joint density function h_n =h_n (x _m (n); θ) of the X _jn 's in Xm(n) is completely specified except the values of the parameters in the parameter vector θ = (θ1 θ2, ... , θ _k ), where θ belongs to a non-degenerate open subset H of the k-dimensional Euclidean space Rk and k?m(n).     

Quality Management Systems Certification: Research Note

Although International Quality Standards 9000 certification is one of the most popular quality assurance systems in the world, its contribution to a firm's value is still a controversial issue. This project re-examines this issue by using stock market reactions to the announcements of the award of certification made by a sample of Hong Kong listed companies, as a proxy for its contribution to a firm's value. The results suggest that on average certification increased a firm's value. However, most of this value increase was incorporated into stock prices before formal announcements were published in newspapers. In addition, the contribution of certification to value was greater in smaller firms than in larger ones. This can be attributed to fewer stock traders and professional analysts following smaller firms.     

The sustainability of economic transformation

The paper analyzes the feasibility of sustaining both macroeconomic stability and political support during economic transformation. Macroeconomic stability requires that state sector losses plus public infrastructure investment be financed by tax revenue plus any external assistance. Political sustainability depends on the income gains and losses experienced by three groups—state sector workers, private sector workers, and private savers/investors. The aggregate income gains from allowing heterogeneous workers to make occupational choices consistent with their comparative advantages can outweigh or significantly offset the short-run economic efficiency costs of maintaining political support for the transformation. Successful transformation may depend on external assistance, but this need will diminish over time.