book reviews

WOMEN FOR HIRE, A STUDY OF THE FEMALE OFFICE WORKER London School of Economics and Political Science A HANDBOOK OF INDUSTRIAL RELATIONS PRACTICE Personnel Director British Aluminium VOTES, VIRTUES AND VICES: TRADE UNION POWER THE TROJAN HORSE: UNION POWER IN BRITISH POLITICS School of Industrial & Business Studies University of Warwick WHITE COLLAR UNIONISM: THE REBELLIOUS SALARIAT Manchester Business School THE INTERNATIONAL YEARBOOK OF ORGANIZATION STUDIES Centre for European Industrial Studies University of Bath     

When Crises Hit Home: How U.S. Higher Education Leaders Navigate Values During Uncertain Times

Journal of Business Ethics - Against the backdrop of a global pandemic, this study investigates how U.S. higher education leaders have centered their crisis management on values and guiding ethical...     

Money demand and stabilisation in Zimbabwe

During the 1980s the potential instability of Zimbabwe's unsustainablyhigh budget deficit was reduced by the smooth transfer of resourcesfrom the private to the public sector via the domestic financialsystem, which affected private demand for financial assets.Import, exchange and price controls operated to suppress private-sectordemand. This led to the build-up of private savings, which wason-lent to the government via liquid asset requirements andthe crowding out of domestic deposits in the nonbank privatesector's portfolio by government securities. This article usesJohansen's procedure for analysing cointegration to model thedemand for real money balances in Zimbabwe, in order to determinethe extent to which these constraints on the domestic assetmarket suppressed the demand for money in Zimbabwe.     

Emerging Market Footholds and Knowledge: An Examination of New Product Launch Performance

As developed markets become more saturated, managers increasingly recognize the value of emerging markets as venues for growth opportunities. Yet, launching products into these markets is extremely risky due to weak institutional environments (e.g., lack of physical infrastructure), making success more uncertain. To alleviate this challenge, theory points to using emerging market footholds that yield market-specific knowledge. However, it is unclear whether knowledge is realized and, if so, what facets of harvested knowledge are effective in driving performance. Accordingly, we used data collected from a survey of business professionals to examine emerging market footholds and market-specific knowledge (i.e., customer, competitor, and logistics knowledge). Our results show that the extent of market presence held by an emerging market foothold is positively associated with all types of knowledge, yet only competitor and logistics knowledge—not customer knowledge—is positively associated with product launch performance. A supplemental sample of new product launches in developed markets revealed the opposite results wherein customer knowledge was the only significant predictor. Viewed collectively, the results suggest a market maturity threshold wherein logistics and competitive knowledge becomes less influential in driving performance, and customer knowledge becomes more influential.     

Selecting a variety of futures for scenario development

Systematic development of future scenarios involves identifying key factors and their different possible values, then selecting combinations of factor values on which to build scenarios. This article recapitulates basic methods of reducing the number of possible combinations of factor values by removing futures containing incompatible factor value pairs, then uses probability and cross-impact measures to further eliminate improbable futures. Working with the remaining plausible futures, the aim is to select a small number of them for scenario development in such a way that there is a balance between the factor values explored. The motivation is to explore possible futures while avoiding unintentional bias by over-representing some factor values and neglecting others. The tool used is a mathematical formulation that is easily solved as an integer linear program. The process is illustrated with a small example.     

ADDITIONAL EVIDENCE ON THE INCREMENTAL INFORMATION CONTENT OF THE 10-K

The goal of this investigation is to provide additional evidence concerning the incremental information content of the 10-K from the aggregate market perspective. As in Foster and Vickrey (1978), the phrase, incremental information content of the 10-K, refers to the information content of the data set in the 10-K which is in excess of that which is contained in the related annual report to shareholders and other preceding announcements such as earnings releases. The statistical procedures seem to imply that the 10-K did not, in general, possess incremental information content from the aggregate perspective for the firms considered herein.