Incompatible theoretical bases underlying accounting standards

The paper presents evidence that demonstrates that U.K. and International Accounting Standards require entries in income statements that are sometimes based on a matching approach and sometimes on a valuation approach. It indicates that the two approaches are fundamentally different and that they produce different net income figures that have different meanings. In these circumstances, the imposition of the standards currently required results in figures of net income that have no defined meaning and are therefore potentially confusing. Consequently, one can argue that the regulators have been misguided in failing adequately to differentiate between the two approaches. Each income statement published should be based on a clearly identified model and be interpretable by reference to known assumptions.     

Do employers discriminate by gender? A field experiment in female-dominated occupations

We test for gender discrimination by sending fake CVs to apply for entry-level jobs. Female candidates are more likely to receive a callback, with the difference being largest in occupations that are more female-dominated.     

Donor survival analysis: an alternative perspective on lifecycle modelling

There is considerable pressure on charities and voluntary organisations, both to reduce ‘wasted’ expenditure on administrative costs and unwanted mailings, and to deliver more and better services from their voluntary support. Modern tools allow organisations to tailor mailing requirements to individual needs easily and cheaply. Charities need to become ever more efficient: improving the response rates, while reducing overall expenditure on money‐raising activities. Simple means and summary statistics can be seriously biased and misleading for this type of data. Survival analysis is a good, sound and flexible tool to analyse length of time to next donation and membership data. This can lead to a better understanding and more efficient use of the available budgets. Copyright © 2001 Henry Stewart Publications     

Understanding the Gender Gap in Financial Literacy: Evidence from Australia

Using micro‐data from the Household, Income and Labour Dynamics in Australia Survey, and the Oaxaca–Blinder decomposition technique, this paper examines the determinants of the gender gap in financial literacy. The analysis suggests that human capital variables, such as age and education, are not important in explaining the gender gap in financial literacy. Labour market variables, such as sector, occupation, industry, union membership and labour market status, are important and explain around 16 per cent of the gap. This finding is dependent on the assumption that these variables are exogenous. There is a large unexplained gap, suggesting that the main determinants are neither human capital nor labour market factors.     

Auctions with different rates of patience: Evidence from the resale shoe market

Bids and asks are examined over time using auction data from a continuous auction of authentic deadstock sneakers. A theoretical analysis of a double auction over time shows that if buyers and sellers have different rates of patience, then a buyer (respectively, seller) who is patient will be more likely to set a lower initial bid (respectively, higher initial ask). This causes an increase in the unfulfilled bid–ask spread over time. These results are tested using data collected from the StockX website for two specific deadstock sneakers. Results show that the unfulfilled bid–ask spread is positively correlated with time.     

A balancing act: managing your personal and professional life--Part II

Managing your personal and professional life is a lifelong balancing act due to situations that arise in the course of expected and unexpected normal life events. Identifying and dealing with these issues in your own life will likely make you a stronger leader in the eyes of your employees who often struggle with similar issues. Acknowledging these struggles among your employees can help create community in work teams, which ultimately translates into retention. Advocating for work life policies in your organization will transform personal compassion into organizational culture and, ultimately, into corporate policy.     

Analysis of the effect of risk management practices on the performance of new product development programs

Risk management is receiving much attention, as it is seen as a method to improve cost, schedule, and technical performance of new product development programs. However, there is a lack of empirical research that investigates the effective integration of specific risk management practices proposed by various standards with new product development programs and their association with various dimensions of risk management success. Based on a survey of 291 product development programs, this paper investigates the association of risk management practices with five categories of product development program performance: (A) Quality Decision Making; (B) High Program Stability; (C) Open, problem solving organization; (D) Overall new product development project success; and (E) overall product success. The results show that six categories of risk management practices are most effective: (1) Develop risk management skills and resources; (2) Tailor risk management to and integrate it with new product development; (3) Quantify impacts of risks on your main objectives; (4) Support all critical decisions with risk management results; (5) Monitor and review your risks, risk mitigation actions, and risk management process; and (6) Create transparency regarding new product development risks. The data shows that the risk management practices are directly associated with outcome measures in the first three categories (improved decision making, program stability and problem solving). There is also evidence that the risk management practices indirectly associate with the remaining two categories of outcome measures (project and product success). Additional research is needed to describe the exact mechanisms through which risk management practices influence NPD program success.     

Union coverage and non-standard work in Britain

Using representative data from the British Household Panel Surveyfor the period 1991–97, we document the extent of unioncoverage across standard and non-standard workers in Britain.Non-standard employment—defined in terms of contracts,places, times, and hours of work—involves approximately60% of the employed population. Most workers in non-standardemployment are less likely to be union covered than otherwiseidentical workers in standard employment. In particular, womenacross nearly all types of non-standard jobs are significantlyless likely to be covered than women in regular employment.For men, this negative relationship is only found for thoseworking on fixed term contracts or short hours. Gender differencesare therefore large and significant. We cannot detect an expansionof union coverage towards any type of non-standard employmentover our sample period. Finally, we find significant differencesin the relationship between non-standard work and union coveragein the private and public sectors.