Mobley revisited: dynamism in the process of employee turnover

In the employee turnover literature, studies of antecedents at static points prior to the ‘stay versus leave’ decision have generally not exhibited great predictive power. Mobley (1982 Mobley, W.H. 1982. Some Unanswered Questions in Turnover and Withdrawal Research. Academy of Management Review, 7(1): 111–6. [Crossref] , [Google Scholar]) suggests that such studies require the inclusion of change, time, actions and operations. A study is accordingly reported here in which employee recall of satisfaction, commitment and withdrawal intentions at three periods prior to the stay/leave decision is examined. Measures recalled at a single time (static) are found to be unreliable or even contrary to expectation. Alternately, change in variables is found to be significantly more predictive of final turnover than static measurements of these variables, especially over a year. Different antecedents appear to dominate in the turnover process at different times. Furthermore, antecedents differ over demographic groups, suggesting that movement capital may affect turnover.     

The explosive growth of the ABCP market between 2004 and 2007: A “search for yield” story

Abstract

The years immediately preceding the financial crisis of 2007 witnessed an explosive growth in the supplies both of the long-term securities issued by the shadow banking entities, the asset-backed securities (ABSs) and collateralized debt obligations (CDOs), and of the short-term securities issued by these entities, notably asset-backed commercial paper (ABCP). Although there is now some acknowledgment that the search for yield was the major driver of ABS and CDO growth in the United States, the same is not true of the U.S. ABCP market where other factors such as regulatory arbitrage on the part of banks or the safety and liquidity concerns of institutional investors are seen as having been the more important growth driving force. This article argues that the search for yield did play a crucial role in U.S. ABCP growth between 2004 and 2007. To back up this argument, the article points to four variables that were closely correlated with this growth: the federal funds rate; U.S. money market mutual funds asset holdings; the change in the geographical breakdown of the institutions supplying ABCP; and, finally, the change in the program breakdown of the ABCP market.     

Heterogenesis of ends: Herbert Spencer and the Italian economists

The influence of Spencer's ideas is now generating a good deal of analysis. The aim of this paper is to highlight the importance of Spencer's work on economic thought. It also analyses the way in which this work was interpreted by the Italian economists. In particular, it investigates the influence of Spencer's theory of evolution on the thought of Pantaleoni (1857–1924) and Nitti (1868–1953). These two representative Italian scholars were on opposite sides for their economic methodology and the issue of government intervention in the economy. The paper clarifies whether their two divergent visions on social change could both be in accordance with Spencer ideas.     

Designing Green Entrepreneurship Model in Sustainable Development Consistent with the Performance of Tehran Industrial Towns

The purpose of this paper design a green entrepreneurship model in sustainable development path consistent with the performance of industrial towns in Tehran (center of IRAN). The population was the active small/medium enterprises (SMEs) with full capacity in industrial towns of Tehran, which were about 3000 active units, accounting for 20% of the companies in Tehran industrial towns. Sample size was obtained as 514, which was used in calculations. The results showed that green entrepreneurship mediates the effect of green innovation, organizational culture, competitive advantage, and social-environmental responsibility of company on the financial performance of company. There was no mediating role concerning the effect of state laws and regulations on company’s financial performance. Additionally, market turbulence moderates effect of green entrepreneurship on organization financial performance, but financial shocks do not modulate the effect of green entrepreneurship on organization finance.     

Venture capital start-up co-evolution and the emergence & development of Israel's new high tech cluster

Given the growing size of patent databases and portfolios, scholars and practitioners alike need metrics to help them in weighting patent counts or in ranking patents to focus on the most important ones. The main objective of this paper is to help them in this task with a practical and replicable approach. The discriminating criterion chosen is the potential market for the patented invention and the approach uses five different patent features (forward citations, grant decisions, families, renewals, and oppositions) that (1) have been found positively correlated with the value of patents in the literature, (2) can be extracted from patent databases, and (3) could inform on the existence of a potential market for the invention. The paper therefore discusses the main methodological issues in measuring and interpreting these metrics over a large international dataset and proposes one approach to extract from the different measures a consistent score that can be used to weight or rank patents.     

A New Application of RFM Clustering for Guild Segmentation to Mine the Pattern of Using Banks’ e-Payment Services

ABSTRACT

With increasing use of point of sale terminals at stores, banks are seeking to achieve a bigger portion in such financial exchanges. An important problem for banks is to identify the most profitable professions. For this purpose, a new application using recency, frequency, and monetary (RFM)-based clustering and customer lifetime value analysis containing two extensions of RFM is proposed for guild segmentation. The methodology is applied on a real data from an Iranian state bank. The findings reveal that this methodology is applicable in practice and could be very effective for bank managers of any other banks.     

Have the lecturers lost their voice? Involvement and participation in the devolved Further Education sector

One of the key principles underpinning Further Education (FE) college ‘incorporation’ was the notion that good management resides only in the private sector. Hence, if decision-making responsibility were decentralized to local levels, FE managers would have the freedom to experiment with practices borrowed from the private sector such as TQM and HRM. Examining the validity of this assertion, this paper explores: the extent to which participative management approaches (central to TQM and HRM) have been adopted in FE; the antecedents that explain the approach taken; and consequences of the emergent approach. In the event we found no evidence of participation beyond the perceptions of some members of the Senior Management Team (SMT). While obstacles to a more participative approach included the stringent funding regime, work intensification, proletarianization, casualization, remoteness of the SMT and general management competence, role-overload at middle management level was found to be particularly influential. A non-participative management style was also seen as deleterious to the functioning of the college as senior managers were failing to draw on repositories of creativity and expertise lower down the organizational hierarchy.     

Specification and power of cross-sectional abnormal working capital accruals models in the Spanish context

The aim of this study is to examine one attribute of performance measurement systems (PMS) that is not widely addressed in the management accounting literature, namely the dynamism of PMS. This attribute refers to the periodic review of performance indicators by organizations. Based on contingency theory and using survey data from a sample of manufacturing firms, this study examines whether the association between the dynamism of PMS and organizational performance is contingent on the level of external and internal changes. The results suggest three main conclusions. First, even though the current business environment is characterized by fast changes, manufacturing organizations do not appear to revise their PMS to a great extent. Second, while periodic revisions of performance indicators are beneficial, these revisions may not necessarily be appropriate at all times and in all circumstances as the need for dynamic PMS varies depending on the degree of external and internal change. Third, an absence of dynamic PMS may be more harmful in a context of higher levels of change than to have dynamic PMS even if they are not required.