Lost Ways of Organizing: Reviving the AFL's Direct Strategy

From its founding in 1886 to the merger with the Congress of Industrial Organization (CIO) in 1955, the American Federation of Labor (AFL) chartered some twenty thousand directly affiliated local unions. This article reevaluates the Federation's role in organizing by detailing the ways in which the direct affiliate strategy allowed for a wide range of representational strategies and facilitated the organizing of marginal sectors of the workforce. Reviving the direct affiliate strategy today would enable the Federation to expand jurisdictional boundaries, redefine the criteria for union membership, initiate alternative representational approaches, and boost the resurgence of labor's economic and political power at the subnational level.     

Eliciting information about the values of HRM practitioners using laddering interviews

This paper reports on the findings of the first stage of a research project that experiments with the use of laddering technique in an attempt to enhance understanding of the influence of values in the behaviour of HRM professionals. Laddering has been chosen because it allows flexible, systematic investigation of aspects of ethics and people management which have hitherto been difficult to clarify. It also provides the opportunity to undertake both qualitative and quantitative analysis of the data obtained. The research design incorporates two phases – a questionnaire and a laddering interview; it involves a sample of respondents drawn from HRM practitioners participating in the CIPD Professional Qualification Scheme. In comparing the results obtained from each phase of the research, it is clear that the laddering interviews have enabled more detailed information to be elicited and more specific goals to be identified. The authors believe that laddering can provide valuable additional insight into ethical practice, behaviour and goals.     

The Value Relevance of International Financial Reporting Standards: Empirical Evidence in an Emerging Market

This study examines the value relevance of accounting information under International Financial Reporting Standards (IFRS) in the Abu Dhabi Stock Exchange (ADX, henceforth). Based on models developed by Easton and Harris (1991), and Ohlson (1995) and using monthly market data from 2000 to 2006, this paper investigates the value relevance of accounting information of firms traded on the ADX. Our overall results show that earnings scaled by beginning of period price are positively and significantly related to cumulative returns and that earnings per share and book value per share are positively and significantly related to price per share. We also find that value relevance of accounting information has changed since the market inception in 2000. The results documented herein extend the literature on value relevance accounting information in an emerging market that requires the use of IFRS. The study therefore contributes to the debate over the mandatory adoption of IFRS and the value relevance of accounting information reported under IFRS.