Consumer Information and Education Effects on Knowledge and Choice of Fire Resistant Upholstery

The effects of consumer education and information treatments on choice of alternative products are described. Knowledge of upholstery serviceability and flammability before and after these treatments is measured as well as simulated purchase behavior of 448 Canadian consumers. Subjects show an increase in knowledge between pre- and posttests. The choice of fire resistant upholstery differs among consumer information treatments but not among education treatments. The policy implications of these findings are discussed.     

The process safety impact of distributed control systems

Experience has shown that a Distributed Control System (DCS) can provide enhanced process monitoring and control capabilities, as well as system self-diagnostics, that permit increased safety of process operations. However, this enhanced safety does not come about automatically with the installation of a DCS. The complexity and versatility of the DCS can introduce new failure scenarios leading to process upset and potential relization of process hazards. This paper reviews some novel considerations that should be taken into account when conducting process hazards reviews on facilities controlled by a DCS.     

The employee selection interview: A fresh look at an old problem

This article takes a fresh look at employee selection interviews as they are practiced in most organizations. Interviewers' selection decisions are demonstrated to be idiosyncratic and it is concluded that variation in interviewers' decision processes jeopardizes organizational effectiveness. Practical recommendations for improving employment interviews are offered. © 1996 by John Wiley & Sons, Inc.     

DEVELOPMENTS IN DANISH ENVIRONMENTAL REPORTING

Developments in environmental reporting in Denmark in the 1990s are described and also some interesting legal developments regarding the new Danish law requiring approximately 2000 companies to produce environmental reports. Some tentative speculations are offered about future directions for environmental reporting in Denmark and elsewhere.     

The differential impact on stockholder wealth of various antitakeover provisions

This paper examines the relationship between the passage of six types of corporate antitakeover provisions (supermajority, classified boards, fair-price, reduction in cumulative voting, anti-greenmail and poison pills) and stockholder wealth. Our event study from a sample of 381 firms that adopted 486 antitakeover provisions in the 1984 to 1988 period indicates a strongly negative effect on stockholder wealth, supporting the management entrenchment view of the antitakeover provisions. Moreover, the empirical results of this paper indicate that the market reacts equally negatively to both non-operating provisions that require stockholder approval and to operating provisions that do not require stockholder approval. However, separate analyses of the antitakeover provisions provide some support for the argument that stockholders discriminate between individual provisions.