An investigation of paradigm choice in Australian international human resource management research

This paper addresses the question of whether Australian international human resource management (IHRM) research is dominated by either a universalist or contextualist paradigm. Using a systematic review approach, 82 peer reviewed papers were analysed using a basic extraction tool to record publication and research design details. The universalist/contextualist distinction decision was based on the point at which theory became evident in each publication. Results indicated an almost even split in the universalist/contextualist paradigm choice suggesting a balanced rather than dominant research preference. This finding may reflect the impact of both European and North American influences in Australian IHRM research. A second finding is a high level of papers without proposed theoretical relationships: this second finding has a number of ramifications for IHRM research and practice in Australia.     

The Ultimate Glass Ceiling Revisited: The Presence of Women on Corporate Boards

Has the diversity of corporate boards of directors improved? Should it? What role does diversity play in reducing corporate wrongdoing? Will diversity result in a more focused board of directors or more board autonomy? Examining the state of Tennessee as a case study, the authors collected data on the board composition of publicly traded corporations and compared those data to an original study conducted in 1995. Data indicate only a modest improvement in board diversity. This article discusses reasons for the scarcity of women on boards and concludes that, to enhance strategic decisions, board membership should reflect the corporation's consumer population. Thus, women are a critical but overlooked resource. Areas for future research are also considered.     

Do retail stockbrokers understand clients' investment preferences?

Recent research has suggested that individual share investors fall into a number of groups with distinct preferences for particular share characteristics. The majority are relatively risk-averse and seek stable investments. An important source of advice for these investors is their stockbroker. But, how well do stockbrokers understand their clients' attitudes and preferences? The present paper suggests that retail stockbrokers overestimate their clients' willingness to take risk and to invest in more speculative stocks. As on-line stockbroking is providing significant competition to the traditional full-service broker, stockbrokers must understand their clients' needs. If this is not the case, it may be difficult for retail stockbrokers to give appropriate advice or for a fruitful adviser–client relationship to be established.     

Identifying successful versus unsuccessful loans held by the minority small business clients of an OMBE affiliate

Successful and unsuccessful loans to minority small businessmen are discriminated using applicant demographic and firm characteristic variables available at the time of application for 65 firms in Cleveland, Ohio. The businessmen studied are the clients of an affiliate of the Office of Minority Business Enterprise and represent a unique segment of the small business community, which has proven to be particularly success resistant. A set of demographic and firm variables are identified that are associated with loan success and can be used to construct a profile of preferred loan applicants. The relative importance of the different variables in discriminating between the two groups of loans and their combined explanatory power is reported.     

William Faricy Condee. Coal and Culture: Opera Houses in Appalachia. Athens: Ohio University Press, 2005. xii + 210 pp. ISBN 0-8214-1588-3, $34.95 (cloth).

In Coal and Culture William Condee examines Appalachian small-towntheaters built between the 1860s and 1930s that appropriatedthe high-culture term ‘opera house’ for spaces presentingdiverse activities from high school graduations to travelingtheatrical troupes. The title ‘opera house,’ ratherthan ‘theater,’ conveyed an aura of culture, refinement,and acceptability in an era when theater was sometimes regardedas having questionable morals. ‘Opera house’ soundedgrand, but many structures were modest buildings whose facadesdiffered little from     

How can Eastern Europe help American manufacturers?

The end of the Soviet Union and the creation of the Commonwealth of Independent States will definitely increase Western involvement in the former East Bloc countries. Recent emphasis has been placed on either developing Eastern markets or using inexpensive human capital to manufacture goods to be sold in the West. A third option does exist: the use of Eastern knowledge and technology in the West. Application of this knowledge and technology, currently not feasible in the former East Bloc because of a deficient infrastructure and lack of incentives, could be practical in the fertile environment of the West. Western firms are advised to catch up with their Japanese competitors in taking advantage of the low-risk opportunities that the break up of the Soviet Union has made available. © 1993 John Wiley & Sons, Inc.     

Disclosure regulation and public policy a sociohistorical reappraisal

This study questions contemporary precepts concerning the SEC's disclosure system as being both ahistorical and asocial. The authors suggest that disclosure was but one of several modes for resolving the contradiction between an individualistic, market-based public philosophy and increasing economic concentration and centralization. When understood in these terms, the securities acts are seen not as fundamental changes in public policy but as part of an ongoing attempt to maintain an ideological, social, and economic status quo.     

Managing risk and uncertainty in complex capital projects

In evaluating capital budgeting decisions, quantitative approaches, such as traditional discounted cash flow modeling and real options valuations, are useful when there is a presumed probability distribution for the future forecasted outcomes or for when there are lower levels of uncertainty. As uncertainty increases and forecasting becomes difficult, the value of financial modeling techniques decreases. Borrowing from the strategic management literature, we argue that it may be useful to employ a qualitative approach to evaluate capital projects when faced with high levels of uncertainty. In order to illustrate our argument, we use a derivative of scenario planning and qualitative real options to evaluate non-quantifiable factors in a project for the National Ignition Facility.