The Impact of the Internet on Values in India: Shifts in Self-Enhancement and Self-Transcendence Amongst Indian Youth

Vicki R Lane, Jiban Khuntia, Madhavan Parthasarathy, Bidyut B Hazarika
Journal of Global Information Management (JGIM),Vol. 25, Issue 3, Pages: 98-120.

In this study, the authors examine how the internet is changing two critical personal value dimensions of India’s youth. Based on values theory, and using data that spans a decade from 2004-2014, they contend that time spent on the internet is an influential factor in changing self-enhancement and self-transcendence values. Given the tremendous increase in exposure to western products, ideals, and people-to-people interaction via internet connectivity (India has over 275 million internet users who communicate in the …
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Estimating the elasticity of intertemporal substitution accounting for stockholder-specific portfolios

Yosef Bonaparte, Frank J Fabozzi
Applied Economics Letters,Vol. 24, Issue 13, Pages: 923-927.

This article estimates the elasticity of intertemporal substitution using stockholder actual return experience. The approach is motivated by numerous data sources indicating that the median US stockholder has a portfolio composed of only three or four individual stocks, rather than a well-diversified portfolio as suggested by portfolio theory. Therefore, representing an individual stockholder portfolio by a proxy financial index (the common approach taken in the literature) may be too rough an approximation of investor …
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Improving Social Media Brand Personas Using Archetypes

Francisco J. Conejo
Journal of Digital & Social Media Marketing,Vol. 5, Issue 2, Pages: 189-202.
Conventional social media brand personas, mirroring target markets, suffer limitations: they lack consistency, uniqueness, genuineness and unity, which affects the overall brand positioning. To improve social media brand personas, Jungian archetypes are advised. Not only do archetypal brand personas overcome the above limitations, but they are particularly suited for the social media context. Stemming from the collective unconscious, archetypal brand personas tap into fundamental patterns hardwired into the human mind since ancestral times. They are more meaningful and engaging, and better able to cut through the current social media clutter. This paper presents an archetypal brand persona development process, and insights as to how it might be better implemented.

The impact of litigation risk on auditor pricing behavior: Evidence from reverse mergers

Lawrence J Abbott, Katherine Gunny, Troy Pollard
Contemporary Accounting Research,Vol. 34, Issue 2, Pages: 1103-1127.
We use reverse mergers to examine the impact of litigation risk on audit fees. In a reverse merger, a private company merges with a public company, and the private company’s management takes over the resulting publicly traded firm. Reverse mergers create a unique test setting to provide estimates on the litigation risk premium because, while the litigation risk for formerly private firms whose equity becomes publicly traded increases, the remaining auditee and auditorrelated characteristics remain virtually unchanged. We document a litigation risk premium of approximately 27 percent. Moreover, we document that equity dispersion impacts the audit fee pricing of litigation risk and this relation is dramatically magnified in the publicly traded realm. Finally, we find that institutional investors demand higher audit effort in the form of higher audit fees in both the private and publicequity settings.

Does corporate governance matter in competitive industries? Evidence from China

Zhuangxiong Yu, Jie Li, Jian Yang
Pacific Basin Finance Journal,Vol. 43, Pages: 238-255.

Using the data of Chinese listed firms from 2003 to 2013, this study examines how product market competition affects the impact of corporate governance on firm value. In sharp contrast with the overwhelming empirical evidence based on the US and European developed markets that product market competition acts as a substitute for corporate governance and good governance matters only in non-competitive industries, we document that good governance of Chinese firms significantly increases firm value only in …
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An investigation of market concentration and financial stability in property-liability insurance industry

Jeungbo Shim
Journal of risk and insurance,Vol. 84, Issue 2, Pages: 567-597.

The article investigates whether the market concentration is associated with an insurer’s financial stability in the US property-liability insurance industry over the period 1992-2010. We employ two-stage least squares techniques with instrumental variables to address likely endogeneity problems. The results show that higher market concentration is associated with lower financial stability of insurance firms, consistent with the “concentration-fragility” view. Our results indicate that firm-specific characteristics including firm size, …
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Distressed Chinese firm prediction with discretized data

Jun Huang, Jun Huang, Haibo Wang, Haibo Wang, Gary Kochenberger, Gary Kochenberger
Management Decision,Vol. 55, Issue 5, Pages: 786-807.

Purpose The authors develop a framework to build an early warning mechanism in detecting financial deterioration of Chinese companies. Many studies in the financial distress and bankruptcy prediction literature rarely do they examine the impact of pre-processing financial indicators on the prediction performance. The purpose of this paper is to address this shortcoming. Design/methodology/approach The proposed framework is evaluated by using both original and discretized data, and a least absolute shrinkage and selection …
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A Selective Linearization Method For Multiblock Convex Optimization

Yu Du, Xiaodong Lin, Andrzej Ruszczyski
SIAM Journal on Optimization,Vol. 27, Issue 2, Pages: 1102-1117.

We consider the problem of minimizing a sum of several convex nonsmooth functions. We introduce a new algorithm called the selective linearization method, which iteratively linearizes all but one of the functions and employs simple proximal steps. The algorithm is a form of multiple operator splitting in which the order of processing partial functions is not fixed, but rather determined in the course of calculations. Global convergence is proved and estimates of the convergence rate are derived. Specifically, the number of iterations …
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Political climate, optimism, and investment decisions

Yosef Bonaparte, Alok Kumar, Jeremy K Page
Journal of Financial Markets, Volume 34, Pages 69-94

We show that people’s optimism towards financial markets and the macroeconomy is dynamically influenced by their political affiliation and the current political climate. Individuals become more optimistic and perceive markets to be less risky and more undervalued when their preferred party is in power. Accordingly, investors increase allocations to risky assets and exhibit a stronger preference for high market beta, small-cap, and value stocks, and a weaker preference for local stocks. The differences in optimism …
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When organizational politics matters: The effects of the perceived frequency and distance of experienced politics

John M Maslyn, Steven M Farmer, Kenneth L Bettenhausen
Human Relations,Pages: 0018726717704706.

Drawing from literature linking organizational politics with effects of challenge or hindrance stressors, this study investigated the effects of the frequency and psychological distance of positive and negative conceptualizations of perceived politics on the impact to the individual. It was hypothesized that the frequency of political behavior would exhibit an inverted-U-function relationship with favorable evaluations of political behavior and that this relationship would be moderated by distance. Two independent samples were used to test the …
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The uncertainty-of-outcome hypothesis and the industrial organization of sports leagues: Evidence from US college football

E Woodrow Eckard
Journal of Sports Economics,Vol. 18, Issue 3, Pages: 298-317.
The uncertainty-of-outcome hypothesis (UOH) posits that sports fans value competitive contests, implying that competitive imbalance within a league will motivate stronger teams to leave. Testable hypotheses can be formulated utilizing the many college football conference realignments over the last century. The results support the UOH. For example, schools leaving an existing conference to form a new major conference, or join a preexisting one, were on average stronger than their former associates in the years before their departure. Also, the number of seed conference championships won by departing schools generally exceeded their “fair share” under an equal-likelihood assumption.

Determinants of service innovation in academic libraries through the lens of disruptive innovation

Shea-Tinn Yeh, Zhiping Walter
College & Research Libraries,Vol. 77, Issue 6,
With the development of digital technologies, various disruptive innovations have emerged that are gradually replacing academic libraries in the information-seeking process. As academic libraries become less relevant to their users, it is imperative that they develop strategies to respond to disruption. We highlight the fact that the service mission of academic libraries is in alignment with service innovation and propose that academic libraries respond to disruption by accelerating service innovation. Applying the Resources-Processes-Values framework, we recommend that, to facilitate service innovation, high-level administrators become innovation leaders, foster an innovation-supportive culture, tie performance evaluations and rewards to innovation outcomes, and create dedicated innovation teams with high levels of decision-making autonomy. We also recommend that academic libraries involve their users and build partnerships with other libraries and with commercial communities to bring about service innovation necessary to respond to disruption.

Leniency bias in performance ratings: The big-five correlates

Kevin HC Cheng, C Harry Hui, Wayne F Cascio
Frontiers in psychology,Vol. 8, Pages: 521.
Some researchers assume that employees’ personality characteristics affect leniency in rating others and themselves. However, little research has investigated these two tendencies at the same time. In the present study we developed one index for other-rating leniency and another one for self-rating leniency. Based on a review of the literature, we hypothesized that a generous assessment of peers would more likely be made by those who are extroverted and agreeable than by those who are not. Furthermore, a generous assessment of oneself would more likely be made by people who are conscientious and emotionally stable, than by people who are not. We also investigated if the leniency in rating others and the leniency in rating oneself are part of a more general leniency tendency. Data collected from a sample of real estate dealers provided support for the above hypotheses. Limitations and implications for future research are discussed.

Anchoring Relationships at Work: High-Quality Mentors and Other Supportive Work Relationships as Buffers to Ambient Racial Discrimination

Belle Rose Ragins, Kyle Ehrhardt, Karen S. Lyness, Dianne D. Murphy, and John F. Capman
Personnel Psychology, Vol. 70, Issue 1, Spring 2017, Pages 211–256

Applying a unifying theoretical framework of high-quality work relationships, we conducted a set of 3 complementary studies that examined whether high-quality mentoring relationships can buffer employees from the negative effects of ambient discrimination at work. Integrating relational mentoring with relational systems theory, we first examined whether the presence of a high-quality mentoring relationship buffers employees in a sample of 3,813 workers. In support of the “mentors-as-buffers” hypothesis, we found that employees who witnessed or were aware of racial discrimination at work had lower organizational commitment than those not exposed, but employees with high-quality mentoring relationships experienced less loss of commitment than those lacking mentors. We then examined the specific buffering behaviors used by mentors in high-quality relationships and whether these behaviors were effective for other work relationships and outcomes. Applying Kahn’s typology, we developed and validated a measure of high-quality relational holding behaviors in a sample of 262 workers. Using this measure in a third sample of 557 workers, we found that mentors buffer by providing holding behaviors, but we did not find this buffering effect when supervisors or coworkers provided holding behaviors. This potent mentor buffering effect held across a range of outcomes, including organizational commitment, physical symptoms of stress, insomnia, and stress-related absenteeism. These studies suggest that mentoring may be a singularly effective relationship that offers a safe harbor for employees faced with ambient discrimination at work.

Shareholder Activism for Stranded Asset Risk: An Analysis of Investor Reactions for Fossil Fuel Companies

John Byrd, Elizabeth S Cooperman
International Review of Accounting, Banking and Finance,Vol. 9, Issue 1, Pages: 59-78.
Environmental shareholder activists engage in corporate governance activities including divestment campaigns and shareholder resolutions to get companies to change harmful practices. During 2011 to 2015, activists engaged in both activities to compel major fossil fuel companies to acknowledge unburnable reserves (ie, stranded assets) with their burning associated with rising global temperatures and catastrophic climate change. We examine stock market reactions to key news events for activist activities during 2011 to 2015.

Heterogeneous traders, liquidity, and volatility in crude oil futures market

Erik Haugom, Rina Ray
Journal of Commodity Markets,Vol. 5, Pages: 36-49.

We are the first to analyze the relation between liquidity, volatility, and return distributions for the crude oil futures market. We do this by using a quantile regression method while most of the research in the field of liquidity and volatility has employed conventional OLS regression. While the latter approach can be useful in many applications, it fails to provide any insight about the effects in the rest of the distributions-outside the mean-of interest. Our results show that a distinct volatility “smile” is formed when trading activity, …
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Rate of Convergence of the Bundle Method

Yu Du, Andrzej Ruszczyski
Journal of Optimization Theory and Applications,Vol. 173, Issue 3, Pages: 908-922.

The number of iterations needed by the bundle method for nonsmooth optimization to achieve a specified solution accuracy can be bounded by the product of the inverse of the accuracy and its logarithm, if the function is strongly convex. The result is true for the versions of the method with multiple cuts and with cut aggregation.
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Collaborative Stakeholder Engagement: An Integration between Theories of Organizational Legitimacy and Learning

Vinit Desai
Academy of Management Journal,Pages: 2016.0315.

Organizations often collaborate with stakeholders such as customers, communities, and other groups to pursue shared goals, and these partnerships are known to affect an organization’s legitimacy with those groups as well as its access to information from them. While these concerns could be examined within each of their own independent literatures, existing theories are ill-equipped to handle this process in tandem. Thus, studying these collaborations provides an opportunity to more broadly explore how organizations …
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Product returns, asymmetric information, and firm performance

Ruiliang Yan, Zixia Cao
International Journal of Production Economics,Vol. 185, Pages: 211-222.

There has been a scarcity of research that studies the value of product return information to supply chain firms. In this research, we assume that the online retailer has the product return information but the manufacturer does not. Our results show that a two-part price contract can motivate the online retailer to share its private information only under certain condition, but the revenue sharing contract plus profit split mechanism always is a valuable strategy to be utilized to seek sharing the online retailer’s private information and …
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University of Colorado Denver Business School