When are Forest Visits Valued the Most? An Analysis of the Seasonal Demand for Forest Recreation in Poland

While the demand for forest recreation has been a topic covered in many studies, little attention has been paid so far to seasonal demand. In a forest context, the seasonal analysis is particularly interesting because of inter-temporal change in forest attributes throughout the year which can influence trip-taking behavior. In this paper, the model of seasonal forest visitation is developed to provide a richer understanding of the role played by seasonal fluctuation on a distribution of forest social benefits. The analysis is based on an on-site survey conducted in four forests in Poland. Results show that the most valuable forest trips are those taken in fall and that seasonal trips are separable.     

Materialism and life satisfaction: The moderating roles of alexithymia and product retention tendency

This research examines how alexithymia and product retention tendency affect the relationship between materialism and life satisfaction. Extant research has established that materialism has a negative effect on personal well‐being and that consumer culture and marketing facilitates this effect by encouraging consumers to focus on material pursuits to satisfy extrinsic goals. However, previous research has not explored how emotional personality traits and lifestyle values influence this “dark side” of materialism. Alexithymia is an emotional personality trait that inhibits an individual's ability to identify, describe and regulate emotions. Results from survey data show that alexithymia moderates the effect of materialism on life satisfaction, such that the effect is negative for individuals without alexithymia, but positive for individuals with alexithymia. Moreover, product retention tendency attenuates the negative effect of materialism for individuals without alexithymia, but strengthens the positive effect of materialism for individuals with alexithymia. The theoretical implications of these findings are discussed.     

Between trust and control: company‐level bargaining on flexible working hours in the Danish and German metal industries

Denmark is often highlighted as a good example of organised decentralisation in which employee bargaining power remains comparatively strong. However, comparative analysis of the Danish case rarely reflects how the social contracts between management and workers' representatives contribute to the bargaining outcome at company level. Drawing on 10 case studies in the German and Danish metal industries carried out in 2005, this article argues that the social contracts at the Danish case companies allow a more efficient use of company‐level agreements on flexible working hours than the social contracts at the German case companies.     

Autonomy,accountability, and ambiguity in arm’s-length meta-governance: the case of NHS England

ABSTRACT

Meta-governance involves orchestrating the ‘rules of the game’ in public management. Arm’s-length bodies are particularly important vehicles for this. We consider the case of an arm’s-length body (NHS England) created to oversee the English NHS’ day-to-day operation, and remove ‘political interference’. Although mandated by the Department of Health it has increasingly operated as policy-maker, developing policies in tension with existing legislation, while Ministers have faded from public-facing accounts of service operation. This suggests NHS England operates as a meta-governor, insulating government whilst pursuing its own agenda, and raises crucial questions about governmental accountability whilst simultaneously making answers harder to obtain.     

High‐performance work system implementation in small and medium enterprises: A knowledge‐creation perspective

While it is well established that high‐performance work systems (HPWSs) affect firm‐level outcomes within large, complex organizations, less is known about how they create benefits for firms within the small‐business sector. Using a knowledge‐creation perspective, this study examines the impact of HPWSs in small and medium enterprises and examines whether the impact observed depends on the small‐business leader's capacity to obtain additional HR knowledge from an external expert, as well as the leader's HR background and knowledge. Archival and survey data were obtained from 294 small‐business organizations, with survey responses obtained from both the small‐business leader and an HR consultant assigned to the small business. Findings suggest that leader perceptions of HR effectiveness are positively related to the use of HPWSs and that this relationship is moderated both by the communication patterns between the small‐business leader and the HR consultant assigned to the firm and the small‐business leader's HR knowledge. © 2012 Wiley Periodicals, Inc.     

Stock Price Effects of Mandatory Exchangeable Debt

We study mandatory exchangeable debt offerings. A firm that issues mandatory exchangeable debt requires bondholders to exchange their bonds for shares of the underlying firm in which the issuing firm has a stake. We find significant announcement (−3.3%) and long-run (−13%) abnormal price declines for underlying companies. The evidence is consistent with the hypothesis that mandatory exchangeable debt issuers exploit private information that they possess to issue mandatory exchangeable debt when the underlying stock is overvalued.     

Creativity in the opportunity identification process and the moderating effect of diversity of information

We employ two study designs for a more detailed examination of creativity in the opportunity identification process. We employ a correlational field study to test the hypothesis that divergent thinking affects venture growth through business idea generation. We use an experimental design to test the hypothesis that diversity of information moderates the effect of divergent thinking on business idea generation. Analyses based on 98 business owners across both study designs supported our hypotheses. Combining the findings from both designs points to boundary conditions of theories suggesting constraining information; this may weaken the indirect effect of divergent thinking on venture growth.     

Trends in disposable income among teenage boys and girls in Finland from 1977 to 2003

This article explores changes in the money Finnish young people aged 12–18 years have at their disposal, over a 26‐year period 1977–2003. Previous studies suggest that the amount of money young people have is not necessarily dependent on traditional socio‐economic variables, but there are no systematic studies on the development of the disposable income of the teenagers. The analyses of this study are based on a series of 14 biannual nationally representative surveys of 12‐, 14‐, 16‐ and 18‐year‐olds in Finland from 1977 to 2003, with a total of 84 404 respondents. Time‐trends are shown and analysed by gender, family structure, place of residence and socio‐economic status of family using analysis of variance and linear regression modelling. The results show that teenagers’ disposable money has increased little between 1977 and 2003 in comparison with the general income development. Economic booms and depressions can be seen in rising and falling amounts of disposal money, particularly among 16‐ to 18‐year‐old respondents. There were also significant differences between the genders. Young boys clearly had more money at their disposal than young girls. Children of single parents had more money than their peers from nuclear families. Urban youth had more money than those living in the countryside and the difference increased during the period under examination. The socio‐economic position of the family had little impact.     

Do corporate codes of ethics reflect issues of societal transformation? Western German and Slovak companies compared

Can differences in corporate codes of ethics arise from the specific situation of transformation in Slovakia in contrast to the stable context of the firms in Western Germany? This paper compares codes of ethics of large‐scale enterprises in both countries in terms of ethical issues addressed. It demonstrates that codes of ethics of the Slovak companies mirror the specific transformational circumstances in the country. Compared with Western Germany the codes of these firms include multiple ethical issues, meaning that they experience a broader range of relevant ethical problems. Furthermore, their codes are internally oriented, in terms of the ethical issues raised most often; they put more emphasis on committing employees, managers and shareholders/owners to the firm. Based on the differences discovered, it is proposed that negative experiences within the past process of transformation and in part the socialist heritage are the main reasons for differences between the two samples.     

Safety representatives and committees in the NHS: a healthy situation?

This article uses a survey of RCN safety representatives to examine the operation of the Safety Representatives and Safety Committees Regulations 1977. The survey’s findings indicate that while NHS employers have become more supportive of such representatives, many are still failing to comply with their statutory obligations.