Authentic Leadership: An Empirical Test of Its Antecedents,Consequences, and Mediating Mechanisms

The recent economic crisis as well as other disasters such as the oil spill in the Gulf of Mexico or the nuclear disaster in Japan has fanned calls for leaders who do not deny responsibility, hide information, and deceive others, but rather lead with authenticity and integrity. In this article, we empirically investigate the concept of authentic leadership. Specifically, we examine the antecedents and individual as well as group-level outcomes of authentic leadership in business (Study 1; n = 306) as well as research organizations (Study 2; n = 105). Findings reveal leader self-knowledge and self-consistency as antecedents of authentic leadership and followers’ satisfaction with supervisor, organizational commitment, and extra-effort as well as perceived team effectiveness as outcomes. The relations between authentic leadership and followers’ work-related attitudes as well as perceived team effectiveness are mediated by perceived predictability of the leader, a particular facet of trust. We discuss the implications of our findings for theory and practice and provide suggestions for advancing theory and research on authentic leadership in the future.     

Knowledge,Use and Effectiveness of Social Acceptance Measures for Wind Projects

Wind energy is one of the key technologies to become independent of fossil fuels. Implementation of wind energy on a local level, however, has sometimes proved to be challenging and dealing with local acceptance of onshore wind turbines has become troublesome for some projects. Communication and public involvement are seen as strategies to prevent or respond to local opposition. This paper analyses the views of a variety of experts in wind energy on this matter. It focuses on eliciting their experiences with public participation measures. Furthermore, the perceived effectiveness of the measures for the social acceptance of wind energy projects is analysed. To do so, this paper draws on an expert survey among 207 individuals across Europe linked to wind energy projects. The analysis shows that negative reactions to wind farms are reported more frequently than positive reactions. In nearly 40% of cases, projects experience negative consequences on project development due to a lack of social acceptance, ranging from delays to changes in project plans and even termination. The vast majority of wind project developers respond to this by carrying out public participation activity at least sometimes. However, a much lower share does this systematically and the level of activity is low in early project phases. With regard to the relationship between project activities and project success, there is some support for the assumption that early and systematic involvement of the public and stakeholders is likely to reduce negative reactions.     

The Stability of European Money Demand: An Investigation of M3H

The paper assesses the stability and predictive performance of a European money demand function as compared to national money demand functions. With respect to the explanatory accuracy, the national functions perform better than the aggregated function. Examination of the residuals of the national money demand equations indicates that currency substitution is not the major cause for the stability of the aggregated money demand function. The aggregate relation mainly seems to reflect German money demand. This conclusion is supported by the instability of aggregated money demand resulting from the exclusion of Germany from the aggregate.