INFORMED TRADING RISK AND BID-ASK SPREAD CHANGES AROUND OPEN MARKET STOCK REPURCHASES IN THE NASDAQ MARKET

Microstructure theory contends that dealers' bid-ask spreads should vary intertemporally with changes in the asymmetric information component of the spread. Corporate theory suggests that stock repurchase announcements signal management's private information to the securities markets. An examination of dealers' spread behavior around firms' open market repurchases in the NASDAQ market reveals a decline in spreads adjusted for dealers' inventory-holding and order-processing costs. This decline is attributed to a reduction in informed trading risk associated with the open market repurchase announcements.     

Revisiting the research–practice gap in HR: A longitudinal analysis

Over 6300 articles published in 4 HR-focused journals over a 30-year period of time (1976–2005) were content analyzed according to 14 topic areas. The purpose of the study was to examine changes that have taken place over a 30-year time frame. Specifically, what HR issues dominate the field during the past and the present? And to what extent has the HR research–practice gap narrowed or widened over time? The results indicate that HR Development and Staffing were dominant HR issues throughout the past 30 years. In addition, some HR topics demonstrated a stable research–practice gap (Motivation-related issues), and other topics were characterized by an increasing gap (Compensation & rewards), a decreasing gap (Employee/Labor relations), or no significant gap (HR Developments, Staffing). These findings are discussed in the context of key human capital trends.     

Life changers: Making sense of the over 50s

This paper discusses the idea of a group of consumers of over 50s, known as ‘life changers’ who are at a critical turning point in their lives. It introduces the concept of lifestage, cohort and period effects as a way of providing a useful analytical framework to understand these consumers. It suggests that a range of non-traditional research techniques can be a powerful means of exploring sensitive and challenging issues with this age group. The paper concludes that exploring life changers shows a ‘one size fits all’ approach is no longer practical in marketing to the over 50s, and products such as current accounts and long-term care finance must be tailored more closely to fit life changers' needs.     

Determinants of Perceptions of Cheating: Ethical Orientation, Personality and Demographics

A sample of 227 business students from the United States and Australia was used to evaluate factors that impact business students' ethical orientation and factors that impact students' perceptions of ethical classroom behaviors. Perceptions of classroom behaviors was considered a surrogate for future perceptions of business behaviors. Independent factors included age, gender, religious orientation, country of origin, personality, and ethical orientation. A number of factors were related to ethical orientation, but only age and religious orientation exhibited much impact upon perceptions of ethical classroom behaviors.     

Effecting change in colleges and universities

Institutional leaders often try to use theories to rethink or resolve organizational challenges. Bolman and Deal (2003) describe four organizational frames (structural, human resource, political, and symbolic) to understand and diagnose problems within any organization. A classic organizational challenge in higher education is the status quo or conservatism relating to change of faculty involvement in institutional decision making. Leaders in higher education recognize the need for change but are often uncertain how to facilitate it or lack an understanding of how to implement it. The use of multiple theoretical frameworks can assist leaders in diagnosing dilemmas and instigating change.     

Services specialization (a possible index) and its connection with competitiveness: the case of Romania

In the authors' opinion, specialization stands for both an expression of competitiveness, and a continuity and attention paid to some activities, thus reflecting the positive evolution of a national economy. By increasing the specialization of service functions, qualitative changes occur in the evolution of an economy. In this study, the authors emphasize the importance of specialization implications by reference to services development in Romania, since the Romanian economy requires an increase in services activities. Finally, a formula is proposed to determine the specialization degree, which is exemplified by calculating a specialization index in tourism.     

At once liberating and exclusionary? A Lefebvrean analysis of Gilda’s Club of Toronto

This study uses a Lefebvrean analysis to explore the ways social relations are negotiated and contested in the production of a quasi-recreational space called Gilda’s Club of Greater Toronto, a venue that provides complementary care and support to people living with cancer. It does so by asking how Gilda’s Club, as a social space, resists and/or reproduces the conflicts and challenges of care for people living with cancer. Drawing on the work of Henri Lefebvre to guide the analysis, qualitative data collected from 26 club members were used to examine the production of the club as a conceived, perceived and lived space. The findings underscore the insurgent and transformative possibilities of a social space like Gilda’s Club for people living with cancer, while also exposing the club as a site of discriminatory practices wherein marginalisation was produced and enforced. The complex tension between these contrasting practices is explored.     

High‐Growth Women’s Entrepreneurship: Fueling Social and Economic Development

High‐growth firms, often referred to as “gazelles,” are equated with entrepreneurial success and celebrated as the key to growing economies, and women’s entrepreneurship is a vehicle of economic and social development. This special issue publishes papers that address the general lack of research on high‐growth women’s entrepreneurship. In this introduction paper, we offer an adapted framework for the factors driving high growth across multiple levels: individual (entrepreneur and entrepreneurial team characteristics), venture (strategy, organizational structures, and systems), resources, location, and environment. We also introduce the papers in this special issue and present an overview of the contributions to this issue.