National Indicators of Well-being: Lessons from Pacific Island Countries' Tourism

Are economic indicators the only nation-level variables that are predictive of future investment returns? Using the tourism industry of the nine independent Pacific Island countries, this study compares economic and non-economic predictors of web media tourism coverage. The results suggest that rather than economic and industry-specific indicators, health conditions, human rights and low population growth are significantly associated with our proxy measures of future performance. Our results support theory-derived predictions that national indicators of trust provide value-relevant information for investors.     

Beyond traditional paternalistic and developmental approaches to organizational change and human resource strategies

This paper assumes that a critical determinant of success in the repositioning of an organization's corporate and business strategies is the internal capability of the organization to implement change through an effective management process. To overcome entrenched interest groups, tender-minded, incremental approaches may be contrasted with the tough-minded strategic orientation of those who advocate radical change. The argument of this paper is that contingent rather than universalistic approaches are required. ‘Soft’ and ‘hard’ approaches are not irreconcilable but are rather parts of a broad set of contingent choices available to decision makers.     

Betting Against the Sentiment in REIT NAV Premiums

The Journal of Real Estate Finance and Economics - We dissect REIT NAV premiums and examine their relation to expected returns. More than half of the cross-sectional variation in NAV premiums can...