Managing equal opportunities for women: sorting the friends from the foes

Employees working in Hong Kong were surveyed on their attitudes towards managing equal opportunities for women. Results indicate that gender is a better predictor of attitudes than work identity. Manager/employee work identity has an add‐on moderating effect on some women‐friendly policies but not on others. Out of seven women‐friendly dimensions, women as managers are less receptive of only two: 'training and development' and 'positive equal opportunities'; men as managers, in contrast, are less resistant to 'training and development' and 'flexitime'. The findings suggest that there are three levels of gatekeeping: one, male employees; two, male managers; and three, female managers. We suggest that to help women employees break the glass ceiling, different organisational and societal change programmes are needed to target the different groups of gatekeepers.     

Competition,Strategy, Technology and People: The Challenges Facing PR

A recent survey of leading UK PR practitioners has identified a dynamic, swiftly evolving environment for the public relations industry. Heightened competition, wide-ranging new opportunities and threats stemming from the perceived need to internationalize, the desire for more influence in clients' business strategy formulation, training and recruitment dilemmas, ever-changing technology and an increasing requirement to evaluate the worth of PR are only some of the most pressing issues. This article reviews the survey's findings—revealing a complex and swiftly evolving marketplace—before drawing out some of the principal implications. There are interesting parallels with events in advertising.     

Not Featherbedding,but Feathering the Nest: Human Resource Management and Investments in Information Technology

This study draws on employment relations and management theory, claiming that certain innovative employment practices and work structures pave the way for organizational innovation, namely investments in information technology (IT). It then finds support for the theory in a cross‐section of UK workplaces. The findings suggest that firms slow to adopt IT realize that their conventional employment model hinders their ability to make optimal use of new technologies. Therefore, the paper advances the literature beyond studies of unionization's impact on business investment to a broader set of issues on the employment relations features that make organizations ripe for innovation.     

Financial integration and the term structure of interest rates

This paper presents a model of the term structure for an open economy. A flexible VAR approach is used to model macroeconomic growth, inflation, short rate and the yield spread. Then the term structure is built given restrictions implied by the no-arbitrage condition. Contrary to previously proposed macrofinance models of the term structure, the model suggested here explicitly accounts for financial and real spillovers between economies. As documented in the paper, foreign macroeconomic factors contain a lot of information about the domestic term structure of yields. Put to data, the model explains the dynamics of yields very well. It provides better out-of-sample forecasting results than the closed economy models. Openness induces more variability in the estimated term premia of yields with shorter maturities.     

The behaviour of unemployment and unfilled vacancies in Great Britain: a search-turnover View

Previous empirical estimates of the relationship between unemployment and unfilled vacancies in Great Britain have been obtained from a mis-specified model. In particular, past studies have attempted to estimate an equilibrium relation directly from observations which have in general been generated from disequilibrium states of the labour market. This paper presents and estimates a disequilibrium, job search-labour turnover model of the labour market, using quarterly British data, from which a static equilibrium ‘UV’ relationship can be derived. The empirical results suggest that there is no statistically significant equilibrium relationship between unemployment and vacancies in Great Britain. Consquently, the recent controversy over explanations for alleged for alleged shifts in this relationship may have been ‘much ado about nothing’.     

Coming attraction

Francesca Cornelli, Richard D'Aveni, Andrew Kakabadse, Rosabeth Moss Kanter, Markus Reitzig, Fons Trompenaars and Kim Warren share their latest research.     

Live Broadcasting,Gate Revenue,and Football Club Performance: Some Evidence

This paper presents new evidence concerning the main argument of the English Premier League for collective arrangements in selling television broadcast rights. Matches that are broadcast live on television can be considered as a substitute for watching at the stadium. New panel-data show that broadcasting live has a small negative effect on gate revenue for the best performing clubs and a much larger effect for the worst performing clubs. However, the marginal cost is outweighed by the marginal revenue, concluding that restrictions on quantity stemming from collective arrangements are detrimental to the consumers, broadcasters, and clubs themselves.