Leisure Opportunities and Fatigue in Employees: A Large Cross-Sectional Study

The aim of the present study was to investigate the association between perceived leisure availability and fatigue in working individuals and the extent it mediates the known association between work hours and fatigue. A sample of 7,154 working individuals (ages 20–59) was drawn from the Austrian Health Survey 2006–07. The associations were determined using stepwise logistic regression analysis. Individuals perceiving few opportunities for leisure activities had a 2.7 greater likelihood of having prolonged fatigue (95% CI = 2.05–3.29) than those with sufficient leisure, after controlling for relevant confounders. Furthermore, the positive association between weekly hours of work and fatigue was mediated to a greater part by leisure opportunities, indicating that working long hours leads to fatigue by limiting leisure opportunities. The results of this study suggest that the perceived availability of leisure is a source of health and well-being in working individuals.     

Community assessment of Indigenous language-based tourism projects in Haida Gwaii (British Columbia,Canada)

Abstract

Research into language-based tourism programming is rare. Aside from a few studies that consider the language/tourism nexus broadly, research has failed to examine the community context in which development takes place or the impact of communities on the choice of suitable projects. This study assessed the relative merits of 12 proposed language-based tourism projects to support the development and revitalization of Haida language. This research was conducted in two phases: initially, informal focus groups were used to identify key criteria affecting development, which were then used as a means of reflecting on the proposed projects from the perspective of the community. The results show that the two projects with the greatest potential include Impromptu Cultural Performances and Increased Signage in Haida Language. The level of community support contingent upon their ability to (1) find suitable partnerships, (2) secure adequate approvals, (3) hold long term industry potential, (4) deepen speaker opportunities, and (5) moderate high level political concerns. This research fills a gap in the literature by offering evidence to support projects best suited to the needs and aspirations of the community and introduces a necessary distinction between language use in tourism settings versus language planning in tourism settings.     

Experience, socialization and customer retention: Lessons from the dance floor

Experience and socialization are key factors in customer commitment and defection decisions. To study the effect of experience and social relationships on customer retention, we analyze a reality-mined co-presence network of health club members over a period of 4 years. Since central customers in the network have more social ties they will lose if they defect, we use centrality as a proxy for customer relationship switching costs. We find that long-standing customers do have a lower chance of renewing their contracts. However, in line with theoretical predictions (Burnham et al., Journal of the Academy of Marketing Science 31(2):109–126, 2003), the consumer’s centrality in the network (reflecting a social cost of defection) reduces customer churn rate. This study’s results indicate that the inclusion of social effects increases the predictive power of the customer churn model (Nitzan and Libai, Journal of Marketing 75(6):24–38, 2011), thus contributing to our understanding of the role social networks play in customer decisions.     

Institutional forces in adoption of international joint ventures: Empirical evidence from British retail multinationals

In this study, we used institutional theory as a lens to understand the factors that influence the adoption of international joint ventures. Drawing on case evidence from British retail multinationals, we found MNEs adopting IJVs to manage a range of host market institutional pressures and to build legitimacy in foreign markets. Normative institutional legitimacy with customers, property agents and employees emerged as particularly salient for MNEs in our retail cases. The findings further indicated that IJV-derived legitimacy is central to market entry and development objectives. Finally, contrary to institutional theory's central assumption that MNEs seek to conform to institutional pressures, we find IJVs enabling MNEs to practice non-conforming responses, including negotiating and altering local social norms.     

Forecasting hedge fund volatility: a Markov regime-switching approach

The article addresses forecasting volatility of hedge fund (HF) returns by using a non-linear Markov-Switching GARCH (MS-GARCH) framework. The in- and out-of-sample, multi-step ahead volatility forecasting performance of GARCH(1,1) and MS-GARCH(1,1) models is compared when applied to 12 global HF indices over the period of January 1990 to October 2010. The results identify different regimes with periods of high and low volatility for most HF indices. In-sample estimation results reveal a superior performance of the MS-GARCH model. The findings show that regime switching is related to structural changes in the market factor for most strategies. Out-of-sample forecasting shows that the MS-GARCH formulation provides more accurate volatility forecasts for most forecast horizons and for most HF strategies. Inclusion of MS dynamics in the GARCH specification highly improves the volatility forecasts for those strategies that are particularly sensitive to general macroeconomic conditions, such as Distressed Restructuring and Merger Arbitrage.     

Institutionalization of risk and safety management at the local governmental level in Sweden

The starting point for this article is the need for empirical knowledge about organizational configuration for societal risk and safety management activities in a modern welfare society. In this paper, we use Sweden as an empirical frame to analyze the administrative management structure at the local governmental level. The analysis is based on statistical analysis of information from a web‐survey with administrative chief/head officials (n = 1283) with responsibilities for different municipal functions and sectors. The sample represented 25% of the Swedish municipalities (n = 290) and the response rate was approximately 60% (n = 766). The responses to two sets of questions (25 and 45 questions) are used for statistical analyses of management structures and task distribution within the municipal organizations. Principal component factor analyses with Varimax and Kaiser's Normalization was applied as a structure detection method. The results indicate a clear and uniform way to institutionalize societal risk and safety management at the local level. Furthermore, the management course of action is found to have different types of value characters. The implications that arise from the patterns identified in this study are considered to be of general relevance and topicality for research and practice in this area.     

Regression-based algorithms for life insurance contracts with surrender guarantees

We present a general framework for pricing life insurance contracts embedding a surrender option. The model allows for several sources of risk, such as uncertainty in mortality, interest rates and other financial factors. We describe and compare two numerical schemes based on the Least Squares Monte Carlo method, emphasizing underlying modeling assumptions and computational issues.     

Carbon Accounting: Challenges for Research in Management Control and Performance Measurement

Carbon reduction programs and corporate emissions reporting have expanded rapidly across firms in response to climate change and global warming. This development is partly driven by institutional demands and partly by value creation considerations. The consequences of these developments for management accounting and control (MAC) are not clear, despite anecdotal evidence that suggests an increasing effort to incorporate carbon accounting into traditional decision and reporting processes. The reasons for this lack of clarity are the disproportionate focus in practice on carbon disclosure, compared to a small number of empirical studies, and the absence of an academic debate in this novel area from a MAC perspective. This paper seeks to stimulate such an academic debate by reviewing the extant literature, identifying key theoretical and empirical shortcomings of extant academic research, and outlining some directions for future studies on carbon accounting. These directions are inspired by more established MAC research that may help to guide and organize MAC research in the emerging and exciting field of carbon accounting.     

Debate: Local government selfimprovement— benchmarking through LG Inform

This article reports findings from a qualitative study of the implementation and outcomes of Practice-Based Commissioning (PBC) in the English National Health Service. Focusing on the local construction of ‘budgets’ and ‘savings’, it reports in detail the issues that arose in the study sites, and discusses the implications for the future development of PBC.     

Evaluating Assessed Group-work in a Second-year Management Accounting Subject

Abstract

This paper discusses the perceptions on the part of a large cohort of Sydney-based second year university accounting students of the benefits of group-work in developing transferable skills in teamwork, self-management, and planning and organising. The Australian accounting profession and business employers have identified these skills as lacking in accounting graduates. A questionnaire was administered to obtain students' perceptions of assessed group-work and the results were compared with three other similar studies of smaller cohorts of students. Overall, students considered assessed group-work to be a positive experience and a vehicle to develop transferable skills. The paper elaborates on elements in effective group-work design and students' comments which raise the need to integrate and scaffold assessed group-work in the accounting curriculum.