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  • Articles  (3,425)
  • Springer  (2,603)
  • Blackwell Publishers Ltd  (822)
  • National Academy of Sciences
  • 1995-1999  (3,425)
  • 1975-1979
  • 1998  (3,425)
  • Economics  (3,425)
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  • Articles  (3,425)
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  • 1995-1999  (3,425)
  • 1975-1979
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  • 1
    Electronic Resource
    Electronic Resource
    Future-Oriented Job Analysis: A Description of the Process and Its Organizational Implications (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: An application of a future-oriented job analysis (FOJA) procedure used to gain an understanding of newly formed entry-level positions in a large insurance organization is described. A brief review of the relevant literature is presented to serve as a foundation upon which to consider the current FOJA procedure. Specific assumptions, stages, and results of the current procedure are detailed. The benefits of this application of FOJA are also discussed.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00089
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  • 2
    Electronic Resource
    Electronic Resource
    The User Interface in Computer-based Selection and Assessment: Applied and Theoretical Problematics of an Evolving Technology (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Although its central role in human-computer interaction is recognized by industry, the user interface (UI) has received scant attention in the computer-based testing (CBT) literature. Industrial and European Community ergonomic directives have been established regarding UI design issues, however, which may significantly impact upon CBT. Accordingly, the UI’s CBT role is discussed regarding central CBT/UI constructs and dynamics. On the basis of one CBT UI design issue (here: paging) it is shown that many ergonomic regulatory definitional traps exist for the unwary CBT practitioner and UI designer. Newer UI developments in windowing technology and computer-based UI ergonomic regulation conformance analysis are described. Finally, open issues regarding CBT UI problematics are discussed, showing that, rather than continuing to lead a shadowed existence, the UI is deserving of considerably increased research effort regarding its CBT impact.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00075
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  • 3
    Electronic Resource
    Electronic Resource
    Face Validity in the Context of Personnel Selection: A multimedia Approach (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00081
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  • 4
    Electronic Resource
    Electronic Resource
    Restating and Reflecting on the First Five Years of IJSA (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00084
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  • 5
    Electronic Resource
    Electronic Resource
    Comparison of the Prevue ICES and BPI personality inventories: Trait- vs. function-oriented approaches (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00090
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  • 6
    Electronic Resource
    Electronic Resource
    Book Reviews (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: John T. Haworth Work, Leisure and Well-beingOwen Hargie The Handbook of Communication SkillsRichard Lepsinger and Anntoinette D. Lucia The Art and Science of 360° FeedbackKevin Murphy Individual differences and behavior in organizations
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00091
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  • 7
    Electronic Resource
    Electronic Resource
    Computer-based Testing and Training with Scenarios from Complex Problem-solving Research: Advantages and Disadvantages (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The use of PC-based simulations for selection and training for jobs which require complex problem solving skills is ever-increasing. This paper gives a short review of such simulations along with a list of advantages and disadvantages of their use. Possible future developments are sketched.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00077
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  • 8
    Electronic Resource
    Electronic Resource
    Editorial — 360 Degree Assessment and Feedback (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00068
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  • 9
    Electronic Resource
    Electronic Resource
    The Psychometric Properties of 360 Degree Feedback: An Empirical Study and a Cautionary Tale (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Amongst the purported advantages of multi-rater feedback systems is their greater accuracy and objectivity. It is argued here that these benefits may be more imagined than real, and that there is no reason to believe such systems will avoid many of the rating errors and distortions found in traditional top-down appraisal. The first study reported in this paper investigates the psychometric soundness and concurrent validity of a pilot 360 degree feedback scheme operated by a multi-national oil company. The second study describes how analysis of the data provided by the first study was used to re-design the rating form, and demonstrates the resulting improvement achieved in the psychometric properties of the 360 degree scheme. It also examined some of the variables that influence rater’s assessment of the target managers. The conclusion is drawn that unless such feedback systems — irrespective of whether they are used for development or for appraisal — are constructed and evaluated along the lines associated with psychometric tests, they may produce assessments that are seriously misleading.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00069
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  • 10
    Electronic Resource
    Electronic Resource
    Employment equality programmes in South Africa: current trends (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Using data from a longitudinal survey the authors critically evaluate how equal opportunity programmes in South Africa have led to changes in internal labour markets of medium and large organisations. The article identifies factors associated with superior performance in this area, examines proposed legislation, and makes recommendations for public policy regarding regulation of employment equity.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2338.00093
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  • 11
    Electronic Resource
    Electronic Resource
    Labour management during recessions: Japanese manufacturing enterprises in the 1990s (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In the first half of the 1990s Japan experienced a prolonged recession. How have Japanese firms reacted to the changed economic context? Using identical surveys administered in 1991 and 1995 this article examines changes in labour management and strategy and concludes, despite some significant modifications, that the basic configuration of Japanese labour management has remained intact.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2338.00092
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  • 12
    Electronic Resource
    Electronic Resource
    Moving beyond adversarialism: industrial relations and change in the Australian shearing industry (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The shearers have always played a prominent role in industrial relations in Australia. This article examines the transition from a long history of adversarial industrial relations to a new found cooperation and uses the case study to reflect upon current developments in Australian industrial relations.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2338.00094
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  • 13
    Electronic Resource
    Electronic Resource
    ‘Neither rhetoric nor reality’ a comment on Turnbull and Wass (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In their article Peter Turnbull and Vicki Wass examine a model of ‘Marksist management’. This piece will argue, by means of deconstructing their model along the themes that they raised, that the evidence presented by the authors, and the conclusions that they draw from them, are flawed in three respects. They are as follows: first, the use of the dichotomy of ‘rhetoric’ versus ‘reality’ is a false one; second, the data are selected from employees at one store, and are thus an unrepresentative sample; third, the research methodology used does not account for differences between stores.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2338.00095
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  • 14
    Electronic Resource
    Electronic Resource
    Applicant Perceptions of Test Fairness: Integrating Justice and Self-Serving Bias Perspectives (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The justice perspective is the current dominant framework for research on applicant perceptions of test fairness. Recently, an emerging perspective suggests that self-serving bias mechanisms may be operative in the development of test fairness perceptions. Using data from 494 actual applicants to an entry-level State Police Trooper position, this study integrates both the justice and self-serving bias perspectives to achieve a better understanding of test fairness perceptions. Results from structural equation modeling show that perceived job-relevance affects perceived fairness. In addition, test performance affects both perceptions indirectly through perceived performance.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00094
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  • 15
    Electronic Resource
    Electronic Resource
    Book Reviews (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Schabracq, Marc J., Winnibst, Jacques A.M. and Cooper, Cary L., Handbook of Work and Health PsychologyBandura, Albert, Self-efficacy: the exercise of controlWiggins, Jerry S. The Five-Factor Model of Personality. Theoretical PerspectivesArredondo, Patricia, Successful diversity management initiatives: a blueprint for planning and implementation
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00082
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  • 16
    Electronic Resource
    Electronic Resource
    Swedish Enlistment Battery (SEB): Construct Validity and Latent Variable Estimation of Cognitive Abilities by the CAT-SEB (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Modern computer technology permits efficient evaluation of test scores in terms of basic orthogonal factors of ability. A three-level hierarchical model of cognitive abilities was used as the theoretical basis of the computerized Swedish Enlistment Battery (CAT-SEB). Structural analysis of ten ability tests on a sample of 1,436 conscripts by confirmatory factor analysis (tested by the LISREL system) revealed a general, a verbal and a spatial factor -- although the determinacy of the latter was weak. A nested factor model was used, with direct influences of the latent variables on the tests. This result is a construct validity evaluation of the testing system. Unrelated factor scores of the three latent variables comprise the output of the testing system. Future research should evaluate the efficiency of the prediction from the latent variables.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00079
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  • 17
    Electronic Resource
    Electronic Resource
    Performance Rating Accuracy: Convergence Between Supervisor Assessment and Sales Productivity (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The role of seven variables in predicting supervisor rating accuracy was examined. The study was conducted in natural settings, and the criterion for rating accuracy was the rated salesperson’s productivity in terms of sales. The predictors examined were the supervisor’s gender, the amount of time the supervisor spent working with the subordinate, the length of the supervisor–subordinate relationship, depth of acquaintance, the subordinate’s sensitivity to expressive behavior in others, the ability to modify self-presentation and the subordinate’s age. The participants were 208 supervisors and 268 female salespersons. The results of a discriminant analysis showed that the variables predicting accuracy–inaccuracy were different from those predicting overestimation–underestimation. Accuracy was best predicted by the length of the supervisor–subordinate relationship and by the supervisor’s female gender. The direction of the inaccurate ratings was best predicted by high acquaintance, which pulled the ratings in a positively-biased direction.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00067
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  • 18
    Electronic Resource
    Electronic Resource
    Book Reviews (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Cooper, Dominic and Robertson, Ivan T., The Psychology of Personnel Selection. A Quality ApproachClark, Timothy, European Human Resource Management: An Introduction to Comparative Theory and PracticeWest, Michael A., Handbook of Work Group PsychologyNewell, Susan, The healthy organization: fairness, ethics and effective management
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00072
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  • 19
    Electronic Resource
    Electronic Resource
    Book reviews (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Magnus Sverke (ed.), The Future of Trade Unionism: International Perspectives on Emerging Union StructuresMichael Costa and Mark Hearn (eds), Reforming Australia’s Unions: Insights from Southland MagazineKeith Grint, Management: A Sociological IntroductionJ. Storey, P. Edwards and K. SissonManagers in the Making: Careers, Development and Control in Corporate Britain
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2338.00096
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  • 20
    Electronic Resource
    Electronic Resource
    Book Reviews (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Sanford M. Jacoby, Modern Manors: Welfare Capitalism since the New DealPeter Ackers, Chris Smith and Paul Smith (eds), The New Workplace and Trade Unionism: Critical Perspectives in Work and OrganizationRaymond Markey and Jacques Monat (eds), Innovation and Employee Participation Through Works Councils—International Case StudiesA. Goldsmith, D. Nickson, D. Sloan and R. Wood, Human Resource Management for Hospital ServicesFrank Burchill, Labour Relations. Second Edition
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2338.00089
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  • 21
    Electronic Resource
    Electronic Resource
    Are Three Cracks in the Danish Model of Industrial Relations? (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The Danish system of industrial relations bears a lot of similarity to the traditional Scandinavian model of industrial relations. In this article the authors argue that whilst the Danish model has weathered the forces of change remarkably well up to now, a number of recent developments have started to produce ‘cracks’ in the model.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2338.00077
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  • 22
    Electronic Resource
    Electronic Resource
    Transnational Management Influence over Changing Employment Practice: A Case from the Food Industry (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The means by which multinational companies (MNCs) develop and diffuse transnational industrial relations practices are the focus of this article. It elaborates different channels through which international management exercises influence over local practice in operations across different countries. Drawing on survey findings, it identifies the kinds of MNC in which the exercise of such transnational influence is most prevalent. The processes involved are investigated through an in-depth study of a European food MNC. This highlights the importance of ‘unobtrusive’ channels of transnational influence operating within a structure which promotes both cooperation and competition between local units.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2338.00075
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  • 23
    Electronic Resource
    Electronic Resource
    ‘The Rise and Fall of TQM’: the Vision, Meaning and Operation of Change (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The vision of TQM promises unity, teamworking, autonomy and empowerment. This article explores how this vision was contradicted by organisational restructuring and the hierarchical imposition of redundancies and contingent employment insecurity in a medium sized bank. As a result it was found that the meaning and legitimacy of TQM for both employees and many managers was called into question.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2338.00076
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  • 24
    Electronic Resource
    Electronic Resource
    Managerial Recruitment Advertisements – Just How Market Orientated Are They? (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: There is a wealth of advice offered by ‘experts’ in HRM concerning the content of the effective job advertisement. This study considers whether following such advice would provide the potential job applicant with the information they want and questions the extent to which employers actually heed this advice.It firstly compares the normative guidelines with what potential applicants' for managerial posts consider to be important. A second strand to the analysis examines the extent to which advertising practice mirrors the requirements of the job-seeker market. The results give some solace to recruiters but also demonstrates that there is a long way to go before job advertisements achieve the content that job-seekers require.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00095
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  • 25
    Electronic Resource
    Electronic Resource
    Predictors of Participation in Performance Appraisal: A Voluntary System in a Blue-Collar Work Environment (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Organisations have long acknowledged the value of performance appraisal in both administration decisions and in motivating employees. However, it would appear that most empirical research has focused on compulsory systems designed for use with executives and managers (Bannister and Balkin 1990; Ilgen, Fisher and Taylor 1979; Klein 1989). The reluctance to implement appraisal systems with lower level and base-grade employees may be due to several factors, including employee and union resistance to compulsory systems of appraisal (Nankervis 1990). Faced with this problem, appraisal can be viewed by appraisees and appraisers as an `innovation'. In a climate with growing emphasis on participative management styles, self-regulated or voluntary systems of performance appraisal may become increasingly prevalent and important. Thus, 476 base-grade (shop floor) employees of an Australian government business enterprise completed a survey regarding issues such as attitude to performance appraisal, source credibility, system satisfaction, anticipated feedback, perceived consequences of participation and intention to enter the system. Roger's (1983) innovation-decision model was utilised in the structure and analysis of the data and provided useful insights regarding the factors which are related to participation in a voluntary system of performance appraisal. Findings indicated that attitude towards, and support of, performance appraisal in general, perception of consequences of performance appraisal, satisfaction with the supervisor, anticipated feedback, and awareness and knowledge of the system in place in the organisation, were important in predicting the decision to adopt or reject the performance appraisal scheme.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00096
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  • 26
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    Electronic Resource
    Assessment of Potential, from Assessment Centers to Development Centers (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Are organizations interested in realizing the potential of their employees? How far have they progressed in utilizing performance assessment instruments for developmental purposes? There is a growing need for redirecting organizations towards greater knowledge productivity and using the competencies of their employees in a knowledge-productive way. Development centers provide possibilities for analyzing and diagnosing the relevant competencies of personnel whilst at the same time, providing a match with further development.This study examines managers’ attitudes towards assessment centers and their potential to be used for developmental purposes. The problems and processes involved in using assessment centers in this way were studied within a representative set of large, Dutch organizations. In addition, the conceptions of management and the implementation conditions needed for the introduction of development centers were examined. The advantages of development centers as a knowledge-productive tool for assessment in organizations are discussed to help managers decide about developmental programs.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00088
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  • 27
    Electronic Resource
    Electronic Resource
    Uses of PC Technology in Selection and Assessment (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00074
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  • 28
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    Electronic Resource
    Validity and Application of Computer-simulated Scenarios in Personnel Assessment (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In Germany computer-simulated scenarios have been applied in personnel management for several years. Their goals are either to assess how potential managers cope with complex and connected problem states (job aptitude testing aspect) or to provide feedback on manager strengths and weaknesses in dealing with complexity, and how to modify these when necessary (training aspect). This paper presents and evaluates those scenarios that have been subjected to validity studies.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00078
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  • 29
    Electronic Resource
    Electronic Resource
    Validity of Stimulus and Response Components in a Video Test of Social Competence (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Various stimulus components (video, orally-presented questions) and response components (multiple-choice, written, orally-given replies) of situational judgement tests of occupational social competency were investigated as to their impact upon the validity for a behavior-oriented role playing criterion while keeping test content constant. The stimulus component video alone had no impact upon validity. The response components contributed to validity. Validity increased with improved fidelity of response components. Concerning stimulus-response-combinations, the validity of two video tests (r = 0.17 and r = 0.36) was not higher than the validity of similar oral questioning (r = 0.13 and r = 0.37) but was significantly lower than a situational interview (r = 0.59). Response fidelity proved to be a bottleneck regarding validity of video tests. As a result, it is recommended that, in order to maximize validity of video and multimedia efforts, the developers of video- and multimedia tests focus special attention on response fidelity.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2389.00080
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  • 30
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    A Comparison of the Belbin Self Perception Inventory and Observer’s Assessment Sheet as Measures of an Individual’s Team Roles (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The Belbin Team Role Self-Perception Inventory (SPI) is a well-known and well-used measure for identifying an individual’s team roles. Less well-known is Belbin’s Observer’s Assessment Sheet (OAS) which can also be used by colleagues of the individual concerned or, at least, those who know him or her well. To assess team role this study compared these two different team role measures when applied to a sample of 65 members of 11 different management teams. The results showed that only 35 of the 65 observer sets agreed amongst themselves about the team roles of the individual they observed and only seven of these 35 sets showed good agreement between the observers’ assessments and those of the individuals themselves. Positive correlations between the SPI scores and the OAS scores were found for only five of the nine team roles. The findings are discussed in terms of inter-rater problems and the reliability of the instruments.
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    Using 360 Degree Feedback Instruments up, down and around the world: Implications for global implementation and use of Multi-Rater Feedback (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This report highlights some of the challenges faced when using multi-rater feedback around the world. It is based on the observations of coaches who have worked with a variety of managers from different cultures using a 360 degree feedback instrument — the PROFILOR®. Reference is made to some of the research on cultural differences in order to clarify, or otherwise, some of the issues raised.
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    Union Response to Teamwork: the Case of Opel Spain (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The article examines the unions’ response to teamwork in Opel Spain in the light of the different theoretical analyses of this change. It is argued, through this case study, that both the unions’ responses and the theoretical approaches to teamwork, are partially derived from particular features of the national systems of industrial relations from where they stem.
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    Kuruvilla—the Political Economy of Industrialisation and Industrial Relations: a Rejoinder (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    URL: http://dx.doi.org/10.1111/1468-2338.00081
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    Workplace Union Resilience in the Merseyside Fire Brigade (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Here the author provides evidence from empirical case study research into the changing nature of workplace industrial relations and trade union organisation within the Merseyside Fire Brigade over the last 10–15 years. He documents the main processes of development within an historical context assessing workplace unionism during the 1980s, the recent challenge posed by managerial restructuring in the early 1990s, and the wider implications for debates about the ‘state’ of workplace unionism in Britain today.
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    Kuruvilla—the Political Economy of Industrialisation and Industrial Relations: a Comment (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Kuruvilla, drawing upon the experience of countries in South and South East Asia, found a clear and positive association between the stages and types of industrialisation and the systems and forms of industrial relations. In this rejoinder Gall, though partly sympathetic to the thesis, argues that Kuruvilla fails to give sufficient weight to the contingencies of political economy, ie. The role of the state and, in particular, the political process.
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    Book Reviews (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Nester, William R., American Industrial Policy: Free or Managed Markets?Lichtenstein, Nelson and Harris, Howell John (eds), Industrial Democracy in America: The Ambiguous PromiseWhittaker, D.H., Small Firms in the Japanese EconomyStewart, Paul (ed.), Beyond Japanese Management: the End of Modern TimesPasture, Patrick, Verberckmoes, Johan and De Witte, Hans (eds), The Lost Perspective? Trade Unions Between Ideology and Social Action in the New Europe. Volumes One and TwoKester, Gerard and Pinaud, Henri (eds), Trade Unions and Democratic Participation in EuropeFarnham, David, Horton, Sylvia, Barlow, John and Hendeghem, Annie (eds), New Public Managers in Europe: Public Servants in TransitionFineman, Stephen and Gabriel, Yiannis, Experiencing OrganizationsJermier, John M, Knights, David and Nord, Walter R. (eds), Resistance and Power in OrganizationsBaglioni, Guido, Impossible Democracy? The progress and problems of participation in the firmArredondo, Patricia, Successful Diversity Management Initiatives: A Blueprint for Planning and ImplementationErnst Kossek, Ellen and Lobel, Sharon A. (eds), Managing Diversity: Human Resource Strategies for Transforming the WorkplaceWood, Roy C., Working in Hotels and Catering, 2nd editionBateman, Mike, King, Brian and Lewis, Paul, The Handbook of Health and Safety in Work
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    ABCs of the Interview: The Role of Affective, Behavioral, and Cognitive Responses by Applicants in the Employment Interview (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
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    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The purpose of this paper is to examine the influence of a job applicant's verbal statements on interviewer ratings of an applicant's interpersonal characteristics. Applicant verbal statements were coded as containing affective, behavioral, and cognitive components. Verbal statements were analyzed using regression analysis and findings indicated that behavioral and cognitive speech components significantly impacted interviewer ratings of an applicant's self-confidence. In turn, interpersonal characteristics of enthusiasm, self-confidence and effectiveness had a significant influence on an interviewer's rating of an applicant's overall quality and the ultimate hiring decision.
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    Assessment Centre Observation Procedures: An Experimental Comparison of Traditional, Checklist and Coding Methods (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
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    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Concern about the construct validity of assessment centre judgements has led to calls for research into observers’ cognitive processes. In an experiment comparing the Traditional observation procedure against use of a Behavioural Checklist and of Behavioural Coding, six outcome variables were examined. The methods were found to yield similar outcomes in terms of accuracy of judgement, accuracy of written evidence, correlation between dimension ratings, and attitude toward the method employed. However, significant between-method differences were observed in variability between observers and in their willingness to recommend a procedure. It is argued that Behavioural Coding has special merit in assessment centres; the method reduces the cognitive demands placed on assessors, and valuably structures their information-processing. Traditional objections to simultaneous observation and classification are shown to be inappropriate.
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    Factors which Improve the Construct Validity of Assessment Centers: A Review (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
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    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This article reviews 21 studies which manipulated specific variables to determine their impact on the construct validity of assessment centers. This review shows that the studies regarding the impact of different observation, evaluation, and integration procedures yielded mixed results. Conversely, dimension factors (number, conceptual distinctiveness, and transparency), assessor factors (type of assessor and type of assessor training), and exercise factors (exercise form and use of role-players) were found to moderate construct validity. On the basis of the review, practical recommendations are derived to maximize the probability that practitioners design and administer an assessment center with construct validity. Finally, new perspectives for future research are identified.
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    Index to Volume 6, 1998 (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
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    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    Book Reviews (1998)
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    International journal of selection and assessment 6 (1998), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Richard A. Swanson and Elwood F. Holton III, (eds), Human Resource Development Research Handbook. Linking Research and PracticeNathan Body and Howard Erlichman, Personal Psychology, The Science of IndividualityNeil Anderson and Peter Herriot, International Handbook of Selection and Assessment
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    The Match Between Recruiters’ Perceptions of Organizational Climate and Personality of the Ideal Applicant for a Management Position (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
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    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The relationship between recruiters’ perception of the ideal applicant for a managerial position and their perception of organizational climate was examined in real selection procedures. Recruiters (n = 124) from 83 organizations in three sectors of industry participated in this study. They assessed the ideal applicant for the vacant managerial position with personality attributes derived from the Abridged Big Five Circumplex (Hofstee et al. 1992). Furthermore, they described the existing organizational climate with 14 climate scales based on the Competing Values framework of Quinn (1988). Results indicate that recruiters’ perceptions of goal oriented climate dimensions are related to the sector of industry. These perceptions influence the way in which recruiters perceive the ideal manager regarding conscientiousness and compliance. Recruiters’ perceptions concerning other dimensions of organizational climate are not related to the sector of industry and the personality profile of the ideal manager. Homogeneity of personality in organizations will exist for only some personality attributes.
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    Assessing Leadership Potential with a Biographical Measure of Personality Traits (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
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    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The aim of this study was to demonstrate the feasibility of biographical inventories free of the limitations common to many current biographical measures by constructing and validating an inventory composed of homogeneous scales, with item content that is factual and fair, to assess personality traits predictive of leadership. The experimental inventory, with tentative scales for Dominance, Emotional Stability, Need for Achievement, Self-Confidence, and Sociability, was administered to incoming midshipmen at the US Naval Academy and item analyzed. The validity of the final scales was appraised against subsequent peer ratings of the traits and of leadership shortly after entering the Academy; military performance grades, and midshipman rank and leadership position at the Academy; and recommendations for promotion after graduating and serving as an officer. The Sociability, Dominance, and Need for Achievement scales demonstrated convergent and discriminant validity, and all of the scales except Self-Confidence correlated with the leadership criteria. The Sociability scale’s consistent correlations with several of the leadership criteria, including a nontrivial correlation (r = 0.28) with the leadership peer rating, implies that this measure may be useful in assessing leadership potential.
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    Computerized Testing in the United States Air Force (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
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    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Computerized testing in the United States Air Force finds its historical beginnings in apparatus tests developed during World War II. The advent of fast, small, and inexpensive computers led to the establishment of a research program to use computers in pilot selection. Later, computerized tests were demonstrated for more familiar aptitude measures such as verbal and quantitative ability. Several large-scale efforts to implement computerized testing have proved informative. Many Air Force tests are routinely administered by computer. Continued advances in computer technology promise to make computerized testing more common and more commonplace. Computer use in measuring physiological correlates of human ability is discussed.
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    Call for Papers (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
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    ISSN: 1468-2389
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    Topics: Economics
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    360 Degree Feedback and Leadership Development (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    International journal of selection and assessment 6 (1998), S. 0 
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    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: If we had to identify the major areas of growth in relation to techniques for supporting leadership development, it would have to include use of 360 degree feedback. At two recent US conferences (The 24th International Congress on Assessment Centre Methods, May 1996, held in Washington, DC, and the First Annual Leadership Development Conference held in October 1996 in Boston), dedicated to presentations by researchers and practitioners on the subject of leadership assessment and development, the topic of multi-rater or multi-source feedback, as it is also known, formed a key component. This paper will outline some of the reasons why this is the case, and some of the research findings that have emerged in the last few years including issues relating to gender and perceptions of leadership. It will also describe how the author has been involved in introducing 360 degree feedback processes in several public sector organizations in the UK, together with lessons that have emerged.
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    Call for Papers (1998)
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    Topics: Economics
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    The emergence of a new industrial relations actor—the role of the citizens’ Advice Bureaux? (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: How do employees seek representation and how is workplace conflict resolved in the absence of trade unions? This article contributes to this debate by suggesting that employees are seeking advice and representation outside the traditional labour movement and from voluntary organisations such as the Cititzens’ Advice Bureaux (CABx).
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    Paradise postponed: dilemmas facing shop stewards in the new South Africa—accommodation orresistance? (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    ISSN: 1468-2338
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    Topics: Economics
    Notes: The growth of the shop stewards movement in South Africa prior to majority rule represented a challenge to the institutionalised managerial prerogative and cemented the position of black trade unions in the workplace, posing a threat to both Apartheid’s cheap labour system and also to the political control of the Apartheid regime. With the advent of majority rule in 1994, shop stewards are now expected to comply with, and co-operate in, the implementation of workplace changes which they would have traditionally opposed. This, plus the move towards Japanese-style ‘lean’ work practices, is creating farreaching challenges for the ‘New’ South African shop steward movement.
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    Labour unions and industrialrelations in Japan: crumblingpillar or forging a ‘third way’? (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This article offers a wide ranging survey of labour unions and industrial relations in contemporary Japan, through a framework which encompasses corporate governance and national level concertation. This helps framework helps to understand pressures for change from corporate and economic restructuring. As a result of restructuring, labour unions do not face the same direct threats as counterparts elsewhere, but they do face challenges to assuming an active role in the process.
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    Whither the Japanese employment system? The position of the Japan Employers’ Federation (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    Topics: Economics
    Notes: This article analyses a policy of the Japanese Employers’ Federation regarding the ‘desired direction’ of the Japanese employment system. The analysis shows that the Federation in a number of respects advocates radical change, but also that the overall position regarding the relationship between continuity and change is of an ambiguous or unresolved character.
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    ‘Neither rhetoric nor reality’—a rejoinder to Renwick (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    Topics: Economics
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    Index to volume 29, 1998 (1998)
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    Industrial relations journal 29 (1998), S. 0 
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    Topics: Economics
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    The Disability Discrimination Act—an early response of employers (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This article seeks to provide an insight into how employers have initially responded to the DDA. From a study of twenty four organisations it was found that many were revising their policies and procedures on disability as a result of the Act. However, it is suggested that there were problems of implementation due to attitudes among the workforce, operational and budgetary restrictions within decentralised management structures and lack of information and ambiguity regarding key provisions of the DDA.
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    Book Reviews (1998)
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    Topics: Economics
    Notes: Susan Kirk, Managing TogetherCharlotte A. B. Yates, Union Mergers in Hard TimesPaul Edwards, Between Class and MarketHarry Scarbrough, We are Motor MenV. L. Allen, Strikes and SolidarityRobert Taylor, Safety First
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    Of believers, atheists and agnostics: practitioner views on HRM (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Using empirical evidence, this article identifies those personnel/HRM practitioners who are convinced of HRM’s existence (‘believers‘), those who are convinced of its non-existence (‘atheists‘) and those who are unsure (‘agnostics‘). It also reveals a significant and positive relationship between membership of the Institute of Personnel and Development and practitioner belief in HRM.
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    Industrial relations in Civil Service agencies: transition or transformation? (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    Topics: Economics
    Notes: Change in four Civil Service agencies is examined here, from their launch in 1988 to the general election in 1997. The extent of that change, judged on five indicators, is found to vary. In three agencies there was transformation but in one agency, where industrial relations remained con-sensual, there was not.
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    Post-privatised Shop Steward Organisation and Union Renewal at Girobank (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    Topics: Economics
    Notes: Using an ethnographic case study approach this article provides empirical evidence concerning the response of local union stewards to managerial-led change during and after the process of privatisation. It is suggested that the key mediating factors of a decisive ideological purpose and local leadership style provide the ingredients for sustainable union renewal. Wider implications are noted, in particular a gap between national trade union policies and workplace industrial relations practices.
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    Between Regime Fragmentation and Realignment: Irish Industrial Relations in the 1990s (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The future of European industrial relations systems has been discussed in the literature in terms of either ‘inter-regime competition’, or progressive ‘intra-regime fragmentation’. Within the context of this debate the article examines developments in Irish industrial relations during the 1990s. The impact of fragmentation on attempts to realign Irish industrial relations practices and institutions in support of a ‘high road’ national competitive and industrial strategy is examined.
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    Marksist Management: Sophisticated Human Relations in a High Street Retail Store (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Large non-union firms such as IBM, Hewlett-Packard and Marks & Spencer are frequently cited as ‘role models’ for ‘soft HRM’. The key elements of sophisticated human relations practised by these firms are well-known, but there is little evidence of employees’ perceptions or experience of this particular management style. Data from a high street retail store which follows the Marksist version of sophisticated human relations reveals a significant gap between aspirations (rhetoric) and outcomes (reality).
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    Conceptualising Union Responses to Contracting Out Municipal Services, 1979–97 (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Competitive tendering between 1979–97 has forced municipal trade unions to reconsider their roles, organisation, and the constituencies they address. Union responses to these dilemmas are categorised into three central themes. Results contribute to refining debates both on intra-union relations and models of union development.
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    The Changing Relations of Production: Union Derecognition in the UK Magazine Industry (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This article examines the motives and strategies of employers in implementing derecognition, the union response to this, and effect on wages and conditions, union-management relations and union membership and organisation. In particular the author analyses the circumstances in which a large number of employers have chosen such a ‘radical’ method to re-order the employment relationship.
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    In this Issue (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-2338.00074
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    Personnel Policies and Practices in British Trade Unions: An Exploratory Study (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Industrial relations journal 29 (1998), S. 0 
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    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Full-time trade union professional employees play a significant role in the formulation and implementation of union policy and are, therefore, an important asset of any labour organisation. In recent years, researchers have begun to focus on this important union resource. This study reports the results of a survey of the internal personnel policies and practices of British trade unions in an effort to gain insights into trade unions as organisations.
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    An Interpretive Inquiry of Accounting Practices in Religious Organisations (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Financial accountability and management 14 (1998), S. 0 
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    ISSN: 1468-0408
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper reports the study of accounting practices as embedded in two religious organisations in Malaysia. The research is an attempt to study accounting practices in a cultural setting that has not been the subject of previous interpretive accounting research. The study also makes a contribution towards the need for accounting research to become more explanatory of accounting as social practice wherein theory is both informed, and is developed by observation. This is achieved by developing grounded theory from the data and is in accordance with recent calls for case studies in accounting research to be more concerned with producing social theories of accounting practice.
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    Contents Index (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Journal of business finance & accounting 25 (1998), S. 0 
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    ISSN: 1468-5957
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    The Determinants of the Intermediary Spread: Evidence from Australian, UK and USA-based International Equity Funds (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Journal of business finance & accounting 25 (1998), S. 0 
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    ISSN: 1468-5957
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper develops and tests a new measure of mutual fund performance, based on Brennan's (1993a) equilibrium model of the pricing of retail financial products, which assumes that search costs of investors are non-trivial and cause the demand for mutual funds to be inelastic, thus creating an intermediary spread. This implies that the marginal costs of the intermediary spread in the form of expenses and sales load must be explicitly traded off against the marginal benefits in terms of the fund's return relative to a benchmark. The measure is used to evaluate the performance of twelve USA, eight UK and five Australian-based internationally diversified equity funds over the period 1982–95, and provides new insights into their performance in ways that are not revealed by the Jensen measure.
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    Relative Excess Returns (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Journal of business finance & accounting 25 (1998), S. 0 
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    ISSN: 1468-5957
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Building on a no-arbitrage relationship suggested by Clare, Thomas and Wickens (1994) between the returns on equity, bonds and treasury bills, this paper develops what is termed a ‘relative excess returns’ approach to the understanding of movements in equity prices. This no-arbitrage relationship is used to derive an explicit measure of excess returns, which incorporates both the excess returns to equity and bonds while netting out any unprofitable (i.e. market efficient) return predictability caused by time variation in the treasury bill rate. This measure can be related to a series of observable variables in a consistent manner and used to construct a trading rule aimed at forecasting excess returns. In a series of empirical experiments, this trading rule appears to be more ‘profitable’ than both the rule suggested by Clare et al. (1994) and the gilt-equity yield ratio rule (used by many UK analysts to guide investment decisions), and outperforms the strategy of ‘buy and hold equity’. More generally, the analysis provides support for the existence of predictable excess returns — returns which cannot be attributed to time-varying excess returns — and for the inefficient market explanation of predictable returns.
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    Editorial (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Journal of business finance & accounting 25 (1998), S. 0 
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    ISSN: 1468-5957
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
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    Market Reactions to the Hong Kong Trading Suspensions: Mandatory versus Voluntary (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Journal of business finance & accounting 25 (1998), S. 0 
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    ISSN: 1468-5957
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper investigates the market reactions to regulator-initiated (mandatory) suspension and issuer-initiated (voluntary) suspension on the Stock Exchange of Hong Kong. It is found that there is substantial devaluation of the stocks during either suspension, and both the variance and trading volume are higher in the post-suspension period than in the pre-suspension period. However, the changes in value and variance are sensitive to the reason for the suspension. The evidence shows that mandatory suspensions are more effective than voluntary suspensions in disseminating information, although both suspensions may not effectively ease unusual volatility immediately.
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    Stock Price Reaction to Daily Limit Moves: Evidence From the Taiwan Stock Exchange (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Journal of business finance & accounting 25 (1998), S. 0 
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    ISSN: 1468-5957
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper tests the overreaction hypothesis by examining the price behavior following daily limit moves. The sample includes all listed firms on the Taiwan Stock Exchange for the period 1971—93. There are significant price reversals following the limit moves for both the up-limit and the down-limit cases. The price reversals cannot be attributed to the size effect. When the size effect is adjusted for, the price reversals remain significant.
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    Discussion of International Diversification and Firm Value (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Journal of business finance & accounting 25 (1998), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    Discussion Of Systematic Risk and Empirical Research (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Journal of business finance & accounting 25 (1998), S. 0 
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    ISSN: 1468-5957
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
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    Arbitrage-Free Valuation of Exhaustible Resource Firms (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Journal of business finance & accounting 25 (1998), S. 0 
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    ISSN: 1468-5957
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: We provide an arbitrage-free valuation of exhaustible resource firms through extending the Gibson and Schwartz (1990) model and also the Jamshidian and Fein (1990) solution to valuing an entire petroleum firm based on quoted oil futures. Our solutions are compared to accounting, traditional finance and to stockmarket valuations on a daily basis. An alternative expression of the valuations relative to stockmarket prices is in terms of the time varying implied ‘market price’ of convenience yield risk. Initial illustrations show that the implied convenience yield risk is not necessarily consistent between stockmarket and derivative market participants. Finally, we calculate the sensitivities of petroleum firm values to changes in oil prices, the convenience yield observable on NYMEX, and oil price volatilities. These partial derivatives show some of the complexities in the dynamic hedging process of using the contingent claims approach to valuing (and hedging) real assets.
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    Unemployment Duration in an Unemployment Blackspot[We are gra] (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper analyses the factors affecting the duration of an unemployment spell amongst a sample of exclusively long-term unemployed individuals. The results indicate that person-specific unemployment propensities have a significant effect on re-employment probabilities. These effects, however, vary significantly by gender and religion. The results also indicate statistically significant negative ‘duration dependence’ effects. The evidence suggests that employers regard long unemployment durations as a ‘negative signal’ about an applicant's potential productivity. The latter implies that, in terms of government policies aimed at reducing unemployment, the demand-side of the unemployment equation should be given greater emphasis.
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    Institutional Dynamics in European Industrial Relations (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    ISSN: 1467-9914
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Since the end of the 1970s, all European systems of industrial relations have experienced some common developments. In order to shed some light on this subject we look for common as well as specific changes within some selected systems of industrial relations in Europe. Therefore, we deal with the moving forces behind these tendencies which are, on the whole, global in character. We discuss the institutional responses to these general developments in the United Kingdom, France, and Germany. These countries have been chosen because their industrial relations are generally seen as belonging to different types of systems.We conclude that many responses are still national specific and, in line with the distinguished national logics of collective action, to be defined respectively as the logic of contract, the logic of opposition and the logic of cooperation. At the end some reflections about the future of European industrial relations are presented.
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    The Pace of Job Creation and Destruction, Cyclical Shocks and Employment Dynamics (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    ISSN: 1467-9914
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper investigates (un)employment dynamics in response to labour demand shocks using a small empirical flow model for the labour market in The Netherlands. The model explicitly takes account of the propagation of shocks through the various duration classes of unemployment and allows for duration dependence in the state of unemployment. A sensitivity analysis shows that 1. congestion in the matching process due to the increase in the pace of job creation and destruction may have substantial effects on (un)employment dynamics; 2. the effects depend very much on the initial pace of labour market dynamics and they are larger when the initial pace is low; 3. the labour market may be out of its equilibrium for quite a long time after a shock occurs; 4. fluctuations in the pace of job creation and destruction only lead to unemployment persistence in the model when the escape probability from long term unemployment is zero; otherwise, the economy returns to its original equilibrium, albeit with long adjustment lags in the case that the initial pace of structural change and/or the escape probability for long term unemployed is low.
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    Uncovering Some Causal Relationships Between Productivity Growth and the Structure of Economic Fluctuations: A Tentative Survey (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper reviews the recent literature on the interactions between business cycles and growth. It focuses on the causality from cycles to growth, but also deals to some extent with the reverse causality. It discusses both “Keynesian” and “Schumpeterian” theories of cycles and growth.
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    Editorial Foreword (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    Topics: Economics
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    Pension Reform and Economic Policy Constraints in Italy (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The reforms of the Italian pension system approved by Parliament at the end of 1992 and in the summer of 1995 have been strongly conditioned by two goals of general economic policy: the re-equilibrium of the government budget and a new approach in the relationship between state and market. In this paper the author examines the main aspects of those reforms, analysing the consequences on the pension system of pursuing the general aims of economic policy. In particular, after having noticed the positive modifications, three criticisms are pointed out. (1) The extension of the private and funded component of old-age insurance, apart from its negative effect on the efficiency of the entire pension system, implies subsidizing above-average incomes at the expense of the lower ones. (2) The abolition of the link between real wages and pensions decided by the reforms implies a cut in the intergenerational contract which is dangerous from both an economic and a social point of view. (3) The political context has influenced some relevant technical aspects of the new pension system, causing some inconsistencies on operational grounds.
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    Demographics, Public Spending and Social Programs (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The demographic trends of the population of Italy are characterized by a very low fertility rate (in the 1990s the total fertility rate was 1.1–1.3, i.e. one of the lowest in the world) and very rapid aging (Italy was the first country in the world in which people aged 60+ outnumbered people aged less than 20). These trends require continuous and deep changes in the organization of society and in public services to avoid an increasing imbalance between demand and supply. They also require new social policies based on equity, efficiency and rationality.
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    The Politics of Voluntary and Mandatory Pensions in the Nordic Countries (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The article provides an overview of the voluntary (private) pension sector in the Nordic countries, and relates it to the mandatory (public) pension system. It also provides an account of how the Nordic countries have tried to cope with various weaknesses of voluntary occupational plans. The problem of State involvement in the voluntary pension sector is discussed. Concerning this point four problems are underlined: inclusion of marginal labour; securing the pension promise in the case of bankruptcy; conflicting interests in fund management; tax treatment.
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    Non-Standard Employment in Irish Manufacturing: Do Firm Characteristics Matter? (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Non-standard or atypical employment in Irish manufacturing more than doubled between 1987 and 1995. This paper attempts to analyse empirically the nature of non-standard employment in Ireland using plant-level data for 1995. We focus on firm characteristics as explanatory factors. Our econometric results indicate that there are significant differences in the use of atypical employment between small and large firms, and between indigenous and foreign-owned firms.
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    Index: Volume XII, 1998 (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
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    Interpreting Gaps in Manpower Forecasting Models (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In manpower forecasting labour market developments are analysed in terms of shortages and surpluses. Such an approach seems to neglect the flexibility of the labour market, present in most economic labour market models. It is shown that an appropriate interpretation of gaps in manpower forecasting does not exclude a full functioning of the market clearing mechanism.
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    Earnings Inequality and the Gender Gap: An Accounting Exercise for Sweden 1975–1991 (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    ISSN: 1467-9914
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Using the Household Income Survey, the earnings of full time, full year workers in Sweden are studied. Earnings inequality as well as the gender earnings gap were found to decrease up to the beginning of the 1980s, when both started to increase. The following questions are also addressed: How much has the changed earnigns gap contributed to changes in earnings inequality? How much should earnings inequality decrease in the case of men and women having the same mean income while keeping inequality within each gender category constant?
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    How Much Does Hiring and Firing Cost? Survey Evidence from a Sample of Italian Firms (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    ISSN: 1467-9914
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: We analyse the Italian labour market, which is typically considered to be highly regulated. We focus on the costs imposed on firms by the institutional environment in which they operate, and on the adjustment strategies that they pursue as a result. We have followed two complementary approaches: the analysis of the development of the laws relating to hiring and firing, together with a set of interviews of 61 manufacturing firms. This also allows us to quantify the extent of turnover costs on the total labour costs. Hiring costs, which include recruiting and training, range between 2.0 and 2.6 months of labour costs; firing costs range from less than half a monthly labour cost to 20 months of labour costs in cases of conflict.
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    Labour Surplus, Worker Rights and Productivity Growth: A Comparative Analysis of Asia and Latin America (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    ISSN: 1467-9914
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: How do labour market conditions, trade union rights and job security regulations affect labour productivity? This paper is the first attempt at an empirical analysis of this important question for a large sample of Asian and Latin American countries. We provide new estimates of the rates of surplus labour in 20 countries, as well as detailed tables summarizing their key regulations governing certain aspects of union activity and layoffs. Then we exploit these and other data in an econometric analysis of intercountry differentials in the growth rate of labour productivity in manufacturing during the 1980s. Among the principal results, we find that, while all else remains the same, productivity growth rates are significantly higher in countries with relatively larger labour surpluses, the effects of excess of labour on productivity growth are affected by the strength or weakness of union rights. We also find that the impacts of union rights and job security protections on productivity trends may be either positive or negative, depending on the labour market situation.
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    The Diffusion of Unleaded Petrol: An Anglo-Italian Comparison (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    ISSN: 1467-9914
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper explores and contrasts the factors contributing to the differences between Italy and the UK in the diffusion of unleaded petrol. Although subject to similar regulatory environments the countries exhibit very different patterns in the use of unleaded fuel. It is shown that differences in the composition of the car stock, different price incentives and different patterns of changes in taste are the main contributory factors to this, with changes in taste being the dominant factor.
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    Internal Migration in Sweden: The Effects of Mobility Grants and Regional Labour Market Conditions (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The main purpose of this study is to investigate whether variations in mobility grants have affected internal migration in Sweden. The paper also contains an exploration of how changing labour market conditions influence the migratory behaviour of the unemployed in comparison with other individuals. The results indicate that total migration flows respond to changes in labour market conditions in accordance with predictions from economic theory. This finding seems mainly to stem from the migratory behaviour of the unemployed. Furthermore, non-matching migration subsidies at the levels employed are not found to be migration enhancing.
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    URL: http://dx.doi.org/10.1111/1467-9914.00072
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    Pensions, Growth and Concern about the Young (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
    Details
    ISSN: 1467-9914
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Within an overlapping generations framework, we show that the proportion of old age consumption financed by a pay-as-you-go system can be neutral with respect to the growth path of the economy in the presence of intergenerational transfers implemented by altruistic households or by a fiscal authority. The crucial impact on growth of society's propensity to favour the elderly is discussed. Furthermore, we offer an explanation for the existence of an authority redistributing income among generations when households are selfish. This concerns the fact that it is impossible for young agents to precommit themselves not to ask for some redistribution in their favour when old.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9914.00058
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    Recent Developments of Pension Schemes in Germany: Present and Future Tasks in Conflict (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
    Details
    ISSN: 1467-9914
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The article provides an overview of the structure of pension protection in Germany. Recent changes in statutory pension insurance (the “1992 Pension Reform”), as well as changes concerning retirement ages and the present discussion on early retirement are considered. The article also provides an analysis of occupational pension schemes and of their different types and coverage. The problem concerning the long-term development of the pension system in Germany is discussed.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9914.00060
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    Pension Rights and Wages (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Labour 12 (1998), S. 0 
    Details
    ISSN: 1467-9914
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper highlights public and negotiated pension rights in a total wage concept. Individual annual pension rights are calculated in order to analyse what the inclusion of pension rights in total wage could mean for wage differentials and wage dispersion.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9914.00062
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    List of Referees, 1998 (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Metroeconomica 49 (1998), S. 0 
    Details
    ISSN: 1467-999X
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-999X.00051
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    Strategic Complements with First Mover Advantage (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Metroeconomica 49 (1998), S. 0 
    Details
    ISSN: 1467-999X
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: We show the existence of equilibrium and first mover advantage when two firms sequentially invest in quality improvement of their respective products. Although the actions (investment levels) of the firms are strategic complements, the second mover does not have an advantage. This is because, although firms are a priori identical, a change in rival investment can affect a firm differently, depending on whether the rival has a higher or lower level of investment. Thus, the marginal payoff with respect to rival action will differ for the first and second mover. We also show that the first mover may choose a higher level of investment than the second mover even though actions are strategic complements and the first mover's marginal payoff with respect to second mover action is negative.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-999X.00053
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    Scarcity of Resources in a Sraffian Framework of International Trade (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Metroeconomica 49 (1998), S. 0 
    Details
    ISSN: 1467-999X
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper deals with the theory of differential rent within a Sraffian small open economy. Its aim is to study the determination of the wage rate, the rent rates and the activity level of each productive process when the profit rate is given, and either the vector of final demand, or the available homogenous labour, is exogenously set. It also analyses the relation between the total value of the net product and the labour employed and shows that it is not monotonic.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-999X.00054
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    Index to Volume 49, 1998 (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Metroeconomica 49 (1998), S. 0 
    Details
    ISSN: 1467-999X
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-999X.00059
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  • 98
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    Decentralized Evolutionary Mechanism of Growth in a Linear Multi-sector Model (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Metroeconomica 49 (1998), S. 0 
    Details
    ISSN: 1467-999X
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The paper considers the following mechanism of intertemporal decisions in a linear multisector production model: at each time t a program for two time periods t, t + 1 is worked out but is followed only during the first period t, after which the rest of the program is replaced by a new two-period program for t + 1, t + 2, etc. Terminal conditions in these two-period programs are continually adapted to the current state. The result of the procedure, called an adaptive rolling plan, is shown to yield growth of production at the maximum rate over time which is a natural intertemporal optimality criterion for the production model. It is also demonstrated that adaptive rolling plans can be realized in a decentralized economy, and therefore they provide an intertemporally decentralized mechanism of achieving maximum growth.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-999X.00057
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    Competitive Industry Dynamics with Constant Costs (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Metroeconomica 49 (1998), S. 0 
    Details
    ISSN: 1467-999X
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper integrates investment and production decisions in a dynamic model of a competitive industry where producers, facing a technology involving fixed input–output coefficients, employ quantity adjustment rules. Whether complex dynamic price behaviour is consistent with producers breaking-even over time is explored. The proportion of costs which are sunk through investment is shown to have a potentially dramatic impact on the price dynamics. The implications of an alternative hypothesis— that producers ‘normally’ use their avail able capacities and only do otherwise if events are sufficiently dramatic—are explored
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-999X.00048
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    Capital Allocation Under a Financial Constraint: The Classical Investment Function (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Metroeconomica 49 (1998), S. 0 
    Details
    ISSN: 1467-999X
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In the modern literature on investment, a distinction is normally made between neo-Classical and Keynesian theories of investment. An earlier original approach can, however, be located in the works of Smith, Ricardo, and Marx. In this Classical tradition, investment is subject to a capital constraint, and capitalists allocate their capital according to the relative profitability of the various industries. We show that this behaviour is rational in a model in which capitalists optimize over an infinite horizon and form rational expectations: inter-industry mobility can be expressed as an adjustment behaviour such that investments, ΔKi are proportional to profitability differentials: ΔKi = Ai (r¯i−r¯)
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-999X.00050
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