Performing tourism: exploring the productive consumption of tourism in enclavic spaces

In this paper the interactive nature of touristic encounters in enclavic spaces is explored. Drawing on concepts of tourism as performative practice, it examines tourist experience as a form of productive consumption in which holidays are shaped by interactions with both those working in tourism and other tourists. The discussion draws on data gathered in semi‐structured interviews carried out with 39 solo female tourists from the UK. The findings of this study suggest that the sexualised performances of tourism employees and of different groups of tourists in the physical, temporal and social contexts of the holiday have the power to render such spaces inclusive or exclusionary. Copyright © 2008 John Wiley and Sons, Ltd.     

Experimental analysis of choice

Experimental choice analysis continues to attract academic and applied attention. We review what is known about the design, conduct, analysis, and use of data from choice experiments, and indicate gaps in current knowledge that should be addressed in future research. Design strategies consistent with probabilistic models of choice process and the parallels between choice experiments and real markets are considered. Additionally, we address the issues of reliability and validity. Progress has been made in accounting for differences in reliability, but more research is needed to determine which experiments and response procedures will consistently produce more reliable data for various problems.Sawtooth SoftwareDecision Research     

The Asymptotic Optimality of Residual Income Maximization

Residual income subtracts from operating income an interest charge for invested capital. Residual income can be calculated each period from current accounting information, unlike discounted cash flow (DCF), which requires the knowledge of future cash flows. This paper provides a normative justification for residual-income maximization by showing that if investment decisions are made myopically each period to maximize residual income, the resulting path asymptotically maximizes discounted cash flow. Thus, under the assumptions of the model, residual-income maximization is a heuristic that leads to the long-run DCF-optimum.     

Microstructure-based manipulation: Strategic behavior and performance of spoofing traders

We examine how investors strategically spoof the stock market by placing orders with little chance of being executed, but which mislead other traders into thinking there is an imbalance in the order book. Using the complete intraday order and trade data of the Korea Exchange (KRX) in a custom data set identifying individual accounts, we find that investors strategically placed spoofing orders which, given the KRX's order-disclosure rule at the time, created the impression of a substantial order book imbalance, with the intent to manipulate subsequent prices. This manipulation, which made use of specific features of the market microstructure, differs from previously studied forms of manipulation based on information or transactions. Roughly half of the spoofing orders were placed in conjunction with day trading. Stocks targeted for manipulation had higher return volatility, lower market capitalization, lower price level, and lower managerial transparency. We also find that spoofing traders achieved substantial extra profits. The frequency of spoofing orders decreased drastically after the KRX altered its order-disclosure rule.     

Project Management Knowledge and Effects on Construction Project Outcomes: An Empirical Study

This study examines the relationships among the PMBOK® Guide, project performance, customer satisfaction, and project success by assessing the efficacy of management techniques, tools, and skills for implementing infrastructure and building construction. Experienced interviewees from private engineering firms and public agencies were asked to complete a questionnaire, and the responses were analyzed by means of a structural equation model. The analytical results indicate the appropriateness of prioritizing the practice of the PMBOK® Guide in the construction industry. This study contributes to the literature by providing insight into interactions among the PMBOK® Guide and construction project outcomes in engineering practices. Particularly, the “bidder's conference” and “procurement negotiations” are the priority techniques to minimize bidding and legal procurement problems. Moreover, the study recommends the use of “stakeholder analysis,” “communication requirements analysis,” and the “communication methods” to perform effective communication management. Although the conclusions are based on the sample collected in Taiwan, the research findings can be used by project managers and educators to tailor the PMBOK® Guide to their unique needs and to design effective training programs for construction specialists.     

Analyzing the Effectiveness of Multisource Feedback as a Leadership Development Tool for College Students

Undergraduate students (n = 144) completed the Socially Responsible Leadership Scale (SRLS), which measures leadership capacity within the framework of the Social Change Model (SCM) of Leadership Development. Observers (n = 374) who knew the students from a variety of contexts completed observer‐report versions of the SRLS. The research was designed to measure differences in rating of capacity between student leaders and those who know and observe their behaviors. Mean observer scores were higher than self‐reported scores for most capacities, with moderate to large effect sizes. Significant differences between self and observer interscale correlations and a high degree of subscale intercorrelations within observer‐reports led to conducting an exploratory factor analysis of observer responses. A universal one‐factor structure emerged that was different from the SCM model, suggesting observers make little distinction among separate leadership capacities in those they observe. Implications for leadership development and education programs are discussed including the benefit of rater training prior to the use of multisource feedback instruments, how the context in which students interact with observers affects feedback, and the need for further examination of other methods of determining effectiveness in conjunction with multisource feedback instruments.     

Forecasting Foreign Exchange Markets Using Google Trends: Prediction Performance of Competing Models

Abstract

Foreign exchange markets affect a variety of humans and businesses worldwide and there is a wide array of literature aimed at providing more accurate forecasts of their movement. In an attempt to quantify human expectations, Google query search terms related to foreign exchange markets are used to help explain and predict foreign exchange rates between the United States’ dollar and ten other currencies during the time period of January 2004 and August 2018. We find evidence that, while Google Trends can be helpful in prediction, it is necessary to implement some sort of shrinkage or sparsity scheme on the coefficients.     

The determinants of federal and state enforcement of workplace safety regulations: OSHA inspections 1990–2010

We explore the determinants of inspection outcomes across 1.6 million Occupational Safety and Health Agency (OSHA) audits from 1990 through 2010. We find that discretion in enforcement differs in state and federally conducted inspections. State agencies are more sensitive to local economic conditions, finding fewer standard violations and fewer serious violations as unemployment increases. Larger companies receive greater lenience in multiple dimensions. Inspector issued fines and final fines, after negotiated reductions, are both smaller during Republican presidencies. Quantile regression analysis reveals that Presidential and Congressional party affiliations have their greatest impact on the largest negotiated reductions in fines.