Factory Innovations And Management Machinations: The Productive And Repressive Relations of Power

This article explores how power is exercised by managers in both 'repressive' ways so as to chase out or deny alternative interests/subjectivities and in ways which are 'productive' of the subjectivity of those they employ and indeed their own subjectivity. Rather than necessarily an intention of managers, exercising power in productive and repressive ways, is a condition and consequence of the strategies they deploy. Nonetheless, the concern here is to question the totalizing effects of power whether in relation to management strategy, total quality management, business process reengineering or culture change. Through exploring innovation in an established automobile manufacturing company, it is argued that a necessary though not sufficient condition of such a prospect, is that managers reconstitute themselves. It is demonstrated that such a reconstitution is problematic when one considers managers as thinking, social beings, situated in a historical context of power and inequality rather than structural automatons or agents that are free of power.     

Ex Ante Hedging Effectiveness of UK Stock Index Futures Contracts: Evidence for the FTSE 100 and FTSE Mid 250 Contracts

Ex ante hedging effectiveness of the FTSE 100 and FTSE Mid 250 index futures contracts is examined for a range of portfolios, consisting of stock market indexes and professionally managed portfolios (investment trust companies). Previous studies which focused on ex post hedging performance using spot portfolios that mirror market indexes are shown to overstate the risk reduction potential of index futures. Although ex ante hedge ratios are found to be characterised by intertemporal instability, ex ante hedging performance of direct hedges and cross hedges approaches that of the ex post benchmark when hedge ratios are estimated using a sufficient window size.     

Caste and Religion-Based Wage Discrimination in the Indian Private Sector: Evidence from the Indian Human Development Survey

Using data from the Indian Human Development Survey, we examine evidence of caste and religion-based discrimination in the Indian private and public sector. Both Dalits and Adivasis show significant results of discrimination in the private sector, and benefit disproportionately from working in the public sector. This is strong evidence that at least some of the affirmative action policies in the public sector are proving effective. The policy implications are relevant: should similar affirmative action policies be implemented in the private sector? Further, this research suggests a path for further research to understand why protected castes do not benefit from affirmative action programs to the same extent as Dalits and Adivasis.     

A GIS-based toolkit for route choice analysis

This paper develops and applies the route choice analysis (RCA) toolkit. This GIS-based toolkit generates a suite of over 40 variables describing route characteristics such as distance, travel time, speed statistics, number of intersections, number of turns, number of stop signs/stop lights, and a measure of route circuity, to name a few. The input to the toolkit is one or more routes, which can be obtained from global positioning system (GPS) data or some other means (e.g., shortest path). While the toolkit is designed to support route choice modeling by generating variables that have been tested in previous modeling efforts, we demonstrate its utility by testing the hypothesis that workers choose routes to minimize either travel time or distance between home and work. A GPS-enhanced data set of 237 observed routes for home-to-work trips collected for auto drivers in Halifax, Nova Scotia, Canada is used in our analysis. We find that the null hypothesis is refuted - that is, a comparison of observed routes to their shortest-path alternatives based on time and distance via inferential statistics indicates that observed routes are significantly longer compared to their alternatives. This finding suggests that workers may choose routes based on other route attributes. The attributes generated by the RCA toolkit for observed, shortest time, and shortest distance routes are compared and significant differences are noted.     

Colliding Interests – Age as an Automobile Insurance Rating Variable: Equitable Rate-Making or Unfair Discrimination?

Many private business relationships are increasingly characterized by claims that certain actions should not be permitted since particular right claims are involved. Such claims should be taken seriously, but are they always ethically legitimate? This paper analyzes one context, the use of age as a rating variable in the pricing of automobile insurance, where such claims are made. By identifying, evaluating and assessing the relevant basis for the differentiation, actuarial equity, it is concluded that there is an ethical basis for such a practice. The analysis also provides an equivalent means for considering other such analogous claims where actuarial equity is involved.     

An Empirical Investigation of the Effect of CFO Power on Disclosure Quality

We examine the association between chief financial officer (CFO) power and disclosure quality, measured using financial statement disaggregation disclosure and analyst forecast disclosure. Empirically, we validate that CFO power, measured by multiple dimensions, is positively associated with firms’ disclosure quality. We also find that this positive association between CFO power and disclosure quality is stronger when firms exhibit higher governance monitoring and accounting quality. Further analysis shows that our main results hold across multiple disclosure quality tests. Our findings are robust to addressing endogeneity issues using two-stage least squares, Heckman selection bias, and propensity score matching analyses. The results highlight the importance of CFO power for the accounting reporting process and decision-making.     

An economic evaluation of bushfire prevention and suppression

The Fire Management Program (FMP) of the Victorian Department of Natural Resources and Environment is responsible for the prevention and suppression of fires on public land in the State of Victoria. This article reports on an economic evaluation of the net benefits of these fire management activities for a representative year. The FMP is calculated to yield high net benefits to Victoria from its investment in fire suppression and prevention, through a reduction in the value of agricultural, capital and forest assets which would otherwise be lost to bushfires.     

Agency costs,ownership structure and corporate governance compliance: A private contracting perspective

This paper examines whether the adoption of specific corporate governance practices, and, in particular, adherence to an overall code of governance practice, is associated with agency cost benefits for companies listed on the Australian Securities Exchange (ASX). Using a private and voluntary contracting setting, the adoption of individual corporate governance attributes is found to have no influence on firm-level agency costs, whereas greater compliance with an overall governance index variable representative of the ASX Corporate Governance Council requirements now in force results in significantly lower agency costs. The beneficial influence of voluntary governance compliance on agency costs is also found to be independent of firm ownership structure, with these findings having a range of implications for firms both in Australia and globally.     

Electronic Monitoring and Privacy Issues in Business-Marketing: The Ethics of the DoubleClick Experience

The paper examines the ethics of electronic monitoring for advertising purposes and the implications for Internet user privacy using as a backdrop DoubleClick Incs recent controversy over matching previously anonymous user profiles with personally identifiable information. It explores various ethical theories that are applicable to understand privacy issues in electronic monitoring. It is argued that, despite the fact that electronic monitoring always constitutes an invasion of privacy, it can still be ethically justified on both Utilitarian and Kantian grounds. From a Utilitarian perspective the emphasis must be on minimizing potential harms. From a Kantian perspective the emphasis must be on giving users complete information so that they can make informed decisions as to whether they are willing to be monitored. Considering the Internet advertising industrys current actions, computer users and government regulators would be well advised, both practically and ethically, to move to a user control model in electronic monitoring.     

Local assimilation of an enterprise system: Situated learning by means of familiarity pockets

Once a new information system is introduced to the workplace, individuals confront it and struggle to make sense of it. Over time, it must be somehow learned and assimilated into everyday work practices. Enterprise systems, because they are complex and integrate work across functions and distance, pose special challenges to learning at the firm's periphery, where local users are distanced from both the centralized system and others elsewhere, and where a community of learning may be thin or lacking. The present study, using direct observations and interviews at a bank in which a new CRM system was introduced across small regional branch offices, explicates the local learning process. Findings suggest that in assimilating the system, bank representatives created familiarity pockets within which they routinely worked with it and outside of which they competently ignored it. Even within familiarity pockets, routine use of the system, while skilled, masked much that was not known by the bank reps. In short, in local assimilation of enterprise systems, knowing in practice may be constituted as much from what can be competently and routinely ignored by users, as from any deep knowledge of the system itself.