Deregulation,strategic choice,risk and financial performance

This study explores the effects of regulation and deregulation on strategic choice and performance in the U.S. banking industry. Drawing on literature from strategic management, industrial organization economics, and organization theory, we develop a framework which suggests that regulatory scope and regulatory incrementalism influence strategic choice and performance. A path analytic model is used to empirically examine these influences. The results suggest that deregulation has direct effects on firms' strategic choices and both direct and indirect effects on risk and return.     

Perceived stress as a moderator of perfectionism,burnout, and job satisfaction among the millennial service workforce

The purpose of this study was to examine if perceived stress moderated the relationship between both adaptive and maladaptive perfectionism and two main outcomes, job satisfaction and burnout, among a sample of 131 Millennials in the hospitality industry. Millennial students enrolled in various hospitality management programs in the United States and employed at least part-time in the hospitality industry completed self-administered questionnaires on their perfectionism, perceived stress, job satisfaction, and three subtypes of burnout (personal, work-related, and customer-related). The results of this study indicated that while perceived stress did not have a moderating effect in regards to either dimension of perfectionism and job satisfaction, perceived stress did moderate the relationship between adaptive perfectionism and all three subtypes of burnout. The implications for hospitality employees with high levels of adaptive perfectionism are discussed.     

A process for evaluating retail store efficiency: a restricted DEA approach

A managerial process is developed for assessing the efficiency of 552 individual stores for a multi-store, multi-market retailer employing Data Envelopment Analysis (DEA). Incorporating assurance regions into a DEA model allowed for a more complete specification of inputs and outcomes than usually found in DEA applications. This procedure permitted the researchers to capture top management's strategic thinking. Practical usefulness of the process' results is illustrated with respect to two management issues: evaluating store managers and identifying critical success factors (CSFs).     

Nutrition and signaling in slave markets: a new look at a puzzle within the antebellum puzzle

Between 1800 and 1860, mean adult stature of (U.S.) white males declined by nearly an inch, while real output grew substantially, creating the “Antebellum Puzzle.” In contrast, male slaves did not experience a comparable decrease in heights. To explain this puzzle within a puzzle, we show that the benefit of the marginal nutrient exceeded the cost throughout the antebellum era. As a result, it paid for slave owners to engage in the supplemental feeding of slaves, which increased their stature. While this is consistent with a productivity explanation of increased stature, we also argue that informational asymmetries played an important role in the market for slaves. Slave owners had an incentive to signal that their slaves were high-productivity laborers by supplying them with additional food, which positively impacted slave heights. We provide evidence that, distinct from a productivity explanation, signaling mattered in the trend of slave heights.