On the value of human resources

One challenge for planners is to discover conditions under which a society has a positive and growing “net worth” in terms of its human resources and to bring about and maintain those conditions. We discuss the utility and validity of the concept of people as “assets” or “liabilities”, the structure and cultural contexts for a proposed model of the dynamics of value that account for opportunity costs; and links between information technologies and human resources management, including planned development of these resources.     

The effects of corporate reputation perceptions of the general public on shareholder value

Superior corporate reputations can have strategic value for firms. Of the “multiple reputations” associated with each firm, we focus on the perceptions of the general public. The public represents the most widely defined stakeholder group but has attracted the least amount of research interest to date. Drawing on data for German firms, this study demonstrates that superior reputation perceptions issued by the general public increase shareholder value, as measured by future stock returns. This study provides a more nuanced understanding for this novel finding. Applying a conceptualization of reputation that balances both its affective and cognitive components, we find that reputation perceptions that are driven by nonfinancial aspects are more value relevant in the future than reputation perceptions that are driven by previous financial performance. Copyright © 2014 John Wiley & Sons, Ltd.     

Deindustrialisierung: Eine neue „britische Krankheit“?

In vielen EU-L?ndern ist ein Rückgang der Besch?ftigung im gewerblichen Bereich zu beobachten. Besonders ausgepr?gt ist die „Deindustrialisierung“ jedoch in Gro?britannien—bei gleichzeitiger Ausweitung des Dienstleistungsbereichs. Welches sind die Ursachen dieser Entwicklung? Ist dieser Prozess als neue „britische Krankheit“ zu bezeichnen oder Ausdruck einer relativ dynamischen und flexiblen Wirtschaft? Ist in Deutschland eine ?hnliche Entwicklung zu erwarten? Die Autoren vertreten hier ihre pers?nliche Meinung und nicht notwendigerweise die der Deutschen Bundesbank.     

Supply-side strategic unemployment in small business

In this paper, the model which will be analysed is characterized by a labour market with (a) profitable vacancies, (b) unemployment, (c) excess labour supply, (d) limited mobility and divisibility of labour, and (e) competition on-the-job. The analysed setting is typical for a small-business economy. The analysis suggests that unemployment will be greater than equilibrium unemployment if present employees and potential entrants consider job assignments for this market under strategic perspectives.