Calm After the Storms: Income Distribution and Welfare in Chile, 1987-94

After rising during most—but not all—of the 1960–85period, inequality in Chile seems to have stabilized since around1987. Following the stormy period of economic and politicalreforms of the 1970s and 1980s, no statistically significantLorenz dominance results could be detected since 1987. Scalarmeasures of inequality confirm this picture of stability, butsuggest a slight change in the shape of the density function,with some compression at the bottom being "compensated for"by a stretching at the top. As inequality remained broadly stable,sustained economic growth led to substantial welfare improvementsand poverty reduction, according to a range of measures andwith respect to three different poverty lines. Poverty mixedstochastic dominance tests confirm this result. All of thesefindings are robust to different choices of equivalence scales.     

Do CEOs in Mergers Trade Power for Premium? Evidence from "Mergers of Equals"

I analyze chief executive officer (CEO) incentives to negotiateshared control in the postmerger governance of the survivingfirm. In order to do this, I study abnormal returns in a sampleof "mergers of equals" (MOEs) transactions in which the twofirms are approximately equal in postmerger board representation.These transactions are friendly mergers generally characterizedby premerger negotiations that result in both greater sharedcontrol (board and management) and more equal sharing of mergergains between the two firms. On average, the value created measuredby combined event returns is no different between MOEs and amatched sample of transactions. However, target shareholderscapture less of the gains measured by event returns in transactionswith shared governance. Moreover, target shareholders' shareof the gains is systematically related to variables representingpostmerger control rights, and shared governance is more likelyin transactions in which CEOs face greater incentives for control.The evidence suggests that CEOs trade power for premium by negotiatingshared control in the merged firm in exchange for lower shareholderpremiums.     

Confronting the science/value split: notes on feminist economics, institutionalism, pragmatism and process thought

What changes must economics undergo, if it is to become a moreadequate discipline, furthering of survival and flourishing?This essay argues that a break must be made from contemporarymainstream economics at the level of ontology (i.e., about thenature of reality). Drawing on neglected traditions of pragmatistphilosophy and process metaphysics, some elements of ‘old’institutionalist economics, and late-twentieth century naturalscience, it demonstrates that ample argument exists for a viewof the world as open, evolving and permeated with value. Furthermore,feminist scholarship offers an explanation for why such a worldviewfaces an uphill battle for acceptance.     

Predicting nurses' organizational and professional identification: the effect of nursing roles, professional autonomy, and supportive communication

Recruiting and retaining qualified nursing staff is of growing importance to today's hospital and nurse leaders. Findings from a survey completed by 190 RNs at a major teaching hospital revealed that nursing roles, professional autonomy, and supportive communication were differentially related to the nurses' organizational and professional identification. Professional autonomy was by far the strongest predictor of nurse identification, followed by manager and co-worker support. Co-worker support and traditional nursing roles predicted nurse professional identification, but neither traditional nor collaborative roles predicted nurses' identification with their organization. Communication strategies intended to help executives retain qualified nursing staff are presented.     

Outsourcing Canadian Armed Forces logistics in a foreign theatre

Successful outsourcing of military logistics depends much on cooperation and efficiency, and this article provides an in‐depth analysis of challenges this may pose using collaborative competence theory. Using an exploratory approach, this paper is based on a review of the existing literature and on the experience of the Canadian Armed Forces in a foreign theatre. Specifically, the information collected comes from on‐site observation during the UN mission in Bosnia, semistructured interviews, and archives. Our analysis shows that outsourcing military logistics activities in a foreign theatre should be seen as building and managing a “temporary network.” In order to overcome challenges in such a situation, the Armed Forces must specifically act on the adaptability of all individuals in the theatre. The approach should be based on “collaborative competence.” Copyright © 2015 ASAC. Published by John Wiley & Sons, Ltd.     

Imagineering city futures: The use of prospective through scenarios in urban planning

This article, based on empirical work by the authors over the past decade, argues that city planners and policy-makers lack an effective future-oriented approach enabling them to comprehend current complexity, anticipate impending change and shape a preferred future condition.Reflecting on more than a dozen recent city futures exercises, three overriding themes emerge: changing values systems will be the single biggest driver over the next thirty years; the forging of shared visions is a prerequisite to strategic city planning; and the nature, force and direction of the various vectors of collaborative leadership by constituent stakeholders will determine the future success or otherwise of city stewardship.The article concludes by calling for the formulation of a Unified Theory for Sustainable Cities by reference to Gaia and the application of a futures oriented approach such as Prospective Through Scenarios.     

Agricultural development with rainforest conservation: methods for seeking best bet alternatives to slash-and-burn,with applications to Brazil and Indonesia

Forests continue to fall for agricultural purposes throughout the humid tropics, with immediate and potentially large consequences for climate change and biodiversity loss-issues of key interest to the international community. Some of the actors directly responsible for forest conversion fell trees to meet food security needs and alleviate poverty-issues of urgent interest to them and also to national policymakers. This multiplicity of groups with differing (often conflicting) interests in the multifarious goods and services produced by tropical forests complicates the search for alternative agricultural activities for forest margins since these alternatives must satisfy such divergent objectives. This paper sets out a conceptual framework for comparing the impacts of different land use systems and agricultural practices at the margins of tropical rainforests in terms of the concerns and objectives of two key interest groups: small-scale farmers seeking livelihoods at the forest margins and the ‘international’ interests in the global public goods and services supplied by tropical rainforests. This framework should be useful to a third key group, the national and regional policymakers who must consider these and other policy objectives and then decide on courses of action. The paper identifies data needs and analytical methods capable of supplying an empirical base for this conceptual framework, based on quantifiable indicators. It then presents preliminary results of the application of this conceptual framework in Indonesia and Brazil in association with a global, collaborative, multidisciplinary research program. Even using preliminary order-of-magnitude estimates (to be replaced by more precise measurements as they become available), this conceptual framework presents results in ways that allow researchers and policymakers to select clear ‘best bets’ for development, when they exist, and to assess tradeoffs and options for complementary policy action and research efforts, when they do not.     

Case Studies of Ethics Scandals: Effects on Ethical Perceptions of Finance Students

Ethics instructors often use cases to help students understand ethics within a corporate context, but we need to know more about the impact a case-based pedagogy has on students’ ability to make ethical decisions. We used a pre- and post-test methodology to assess the effect of using cases to teach ethics in a finance course. We also wanted to determine whether recent corporate ethics scandals might have impacted students’ perceptions of the importance and prevalence of ethics in business, so we used in-depth case studies of several of the major scandals (e.g., Enron, Tyco, Adelphia). Our results are somewhat surprising since studying ethics scandals positively impacts students’ ethical decision making and their perceptions of the ethics of businesspeople.