Utility and construct validity of an ethical dilemmas scale in management education

Business ethics has gained much attention over the past decade in both work and educational settings. This study used a version of Lysonski and Gaidis' (1991) ethical vignettes to examine by gender the ethical views of 165 Canadian undergraduate management students, to examine the psychometric properties and construct validity of the instrument, and to determine if the instrument is a useful tool for introducing undergraduates to the topic of ethics in management practice. Results showed that while the instrument is a useful teaching tool, it has psychometric and validity inadequacies that need to be corrected.Robert Loo is currently a Professor of Human Resource Management and Organizational Studies in the Faculty of Management at the University of Lethbridge, Canada. Over the past 20 years, he has published extensively in the management and psychology literature. Ethics is a key theme throughout every management course he teaches. Bob strives to make ethics a relevant and interesting issue for students by using a variety of learning techniques such as cases, videos, self-assessment tools, and research projects.     

A monetary submodel for the dutch economy: Some preliminary results

Summary This econometric model is on an annual basis and has been estimated for the period 1953–1969 using the two-stages least-squares method. All behavioral equations are based on a partial adjustment mechanism. The behavior of the public is expressed by the demand for currency, demand deposits and time-and-savings deposits. The behavior of the banking system is described by a required reserves identity and by the demand for excess reserves, borrowed reserves and net foreign assets. The main instruments of monetary policy under the direct control of the central bank are explicitly included in the analysis. Some impact multipliers and elasticities are shown.     

COMMON STOCK RETURNS,EXPECTED INFLATION,AND THE RATIONAL EXPECTATIONS HYPOTHESIS

This paper provides empirical evidence that expected inflation has a cross-sectional impact on common stock returns. The study differs from others in that (a) the relation between stock returns and expected inflation is investigated in a two-factor asset pricing model, where the factors are the return on an equally weighted stock portfolio and the expected rate of inflation; (b) the estimation of the expected rate of inflation is based on the rational expectations hypothesis of Muth; and (c) a non-linear seemingly unrelated regression technique is employed to determine consistent and asymptotically efficient estimates. The joint hypothesis of the two-factor asset pricing model and rational expectations is not rejected in this study. It is found that the return on common stocks is significantly affected by expected inflation. Also stocks whose returns are positively correlated with expected inflation have lower expected returns.     

A STOCHASTIC SETTING TO BANK FINANCIAL PERFORMANCE FOR REFINING EFFICIENCY ESTIMATES

This study contributes to develop a framework to measure the financial performance of banks in a stochastic setting. The framework comprises several steps, the first of which is the development of a financial performance measurement model to evaluate a bank's financial performance using a set of factors from the CAMEL (Capital adequacy, Assets, Management Capability, Earning and Liquidity) system. Second, the stochastic setting of the efficiency measurement is handled using the data collection budget allocation approach, whereby Monte Carlo simulations are used to analyse additional generated data and a genetic algorithm is used to refine the accuracy of the efficiency estimates. The results show that the accuracy of the model is greatly improved using the proposed approach. In contrast to the conventional deterministic model, the proposed framework is more useful to managers in determining the bank's future financial operations to improve the overall financial soundness of the bank. Copyright © 2014 John Wiley & Sons, Ltd.     

Defining and Measuring Competences: An Application to Graduate Surveys

In this article, we review the competence concept and apply it to the measurement of competences in graduate surveys. The relevant literature reveals that three important perspectives on the meaning and operationalisation of competences may be distinguished: The educational perspective, the labour market perspective and the human resources perspective. The second part of the article is concerned with the measurement of competences in the context of labour market research using graduate surveys. Using the insights obtained from the literature, competences are defined and a measurement method is chosen. Empirical evidence suggests that this measurement method performs better than previously used measurement methodologies.     

Time deposit supply in the Brunner-Meltzer model

In this paper we shoe that some critical statements by Friedman and Froewiss about the Brunner-Meltzer model, particularly regarding the supply of time deposits, are based on a misinterpretation of Brunner and Meltzer's money supply and credit supply process. Admittedly, the process of time deposit supply is not extensively dealt with in the discussions on the model. We try to bridge this gap to some extent by analyzing time deposit rate setting of profit-maximizing banks using the Brunner-Meltzer model.     

On the microeconomic foundations of bank behaviour in macroeconomic models

Summary In this paper some microeconomic foundations of bank behaviour are analysed. Topics discussed are bank objective functions, competition and bank behaviour in the deposit and loan market, some static microeconomic bank models, and bank-customer relationships. It is investigated whether explicit consideration of some features of microeconomic bank behaviour affects the specification and interpretation of macroeconomic monetary sector models.I am grateful to H. Booy, J. van Daal, P. Korteweg, B. J. Kruimel, J. Ooms, R. E. Wessels and an anonymous referee for valuable remarks on earlier drafts. Responsibility for errors is mine.