scholarly journals Gårsdagens suksess – morgendagens begrensning? Strategisk relevant handlingsrom: En rikere forståelse av leders handlingsrom

2020 ◽  
pp. 111-134
Author(s):  
Jarle Bastesen ◽  
Birthe Kåfjord Lange
Keyword(s):  
Conceptual Model ◽  
Empirical Studies ◽  
Large Degree ◽  
Managerial Discretion ◽  
Future Research ◽  
Leadership Studies ◽  
Short Term ◽  
Relevant Alternatives ◽  
Future Challenges

Managerial discretion is said to be a fundamental condition for effective leadership. Studies of managerial discretion have to a large degree focused on the magnitude of managers’ discretion and how different factors influence managers’ perceived level of discretion (Hambrick, 2007; Hambrick & Finkelstein, 1987; Hutzschenreuter & Kleindienst, 2013). In this chapter, we argue that it is insufficient to study the size of managers’ room for discretion. We also need to understand the content included in leaders’ discretionary rooms. In a study of ten successful logistics companies, one of which was studied more in-depth, we find that the managers perceive their room for managerial discretion as large. However, the alternatives considered are to a large extent operational and short-term, at the expense of more long-term, strategically relevant alternatives facing future challenges. Hence, we develop the concept “strategically relevant managerial discretion”, which, in addition to the alternatives that managers are aware of and that are acceptable for the mangers’ stakeholders, also includes a new dimension: to what extent the alternatives are strategically relevant for future challenges. We conclude the chapter by pointing out interesting directions for future research, including a call for empirical studies of the conceptual model developed in this chapter.

scholarly journals The Effectiveness of the Ecological Forest Rangers Policy in Southwest China

Forests ◽  
2021 ◽  
Vol 12 (6) ◽  
pp. 746
Author(s):  
Yifan Wang ◽  
Dengju Wang ◽  
Rong Zhao
Keyword(s):  
Poverty Alleviation ◽  
Southwest China ◽  
Rural Poverty ◽  
Ecological Effect ◽  
Income Growth ◽  
Future Research ◽  
Linkage Mechanism ◽  
Short Term ◽  
Forest Protection

To achieve the dual goal of poverty alleviation and ecological restoration, the policy of ecological forest rangers (EFRs) was implemented in rural poverty-stricken areas in China, where local residents commonly depend on nearby forest resources for livelihoods. This study aimed to analyze the short-term and long-term effectiveness of the EFRs policy in China mainly in poverty alleviation and income growth, with a brief discussion on the ecological effect of the policy. A questionnaire survey was conducted in four counties in the Karst rocky desertification region in southwest China. By combing through the early literature on REDD+, community forestry, leasehold forestry, etc., this paper summarizes the experience and lessons of similar community forest management models, aiming to explain the unsustainability of EFRs policy from the perspective of forest tenure and governance. The findings of the effectiveness analysis of EFRs policy in the four poverty-stricken counties reflect different degrees of effect in rural households with different income levels. We believe that the EFRs policy has played important roles in short-term regional poverty alleviation while its potential for long-term income growth has not been stimulated. For the amendment of EFRs policy, we put forward the following points: (1) It is necessary to redesign the selection and recruitment mechanism, as well as the exit mechanism of EFRs adapting to the local conditions. (2) It is advisable to further improve the local assessment and monitoring system of forest protection quality of EFRs and optimize the establishment of benefit linkage mechanism between protection effectiveness and EFRs remuneration. (3) The EFRs remuneration standards should be dynamically raised to assure the active participation of EFRs in forest protection. Furthermore, there is a need for one more effective integration model of forest protection and rural livelihoods improvement, which is considered as a potential future research direction.

A Note Concerning the Dynamics of Government Bond Yields

2021 ◽  
pp. 056943452098827
Author(s):  
Tanweer Akram
Keyword(s):  
Interest Rate ◽  
Financial Markets ◽  
Yield Curve ◽  
Empirical Studies ◽  
State Theory ◽  
Government Bond ◽  
Bond Yields ◽  
Short Term ◽  
Government Bonds

Keynes argued that the central bank can influence the long-term interest rate on government bonds and the shape of the yield curve mainly through the short-term interest rate. Several recent empirical studies that examine the dynamics of government bond yields not only substantiate Keynes’s view that the long-term interest rate responds markedly to the short-term interest rate but also have relevance for macroeconomic theory and policy. This article relates Keynes’s discussions of money, the state theory of money, financial markets, investors’ expectations, uncertainty, and liquidity preference to the dynamics of government bond yields for countries with monetary sovereignty. Investors’ psychology, herding behavior in financial markets, and uncertainty about the future reinforce the effects of the short-term interest rate and the central bank’s monetary policy actions on the long-term interest rate. JEL classifications: E12; E40; E43; E50; E58; E60; F30; G10; G12; H62; H63

scholarly journals Towards the best future for humankind: ZIPAR whitepaper.

2018 ◽  
Author(s):  
Marko Kovic ◽  
Christian Caspar ◽  
Adrian Rauchfleisch
Keyword(s):  
Medium Term ◽  
Short Term ◽  
Profound Impact ◽  
Future Challenges ◽  
The Way

Humankind is facing major challenges in the short-term, medium-term, and long-term future. Those challenges will have a profound impact on humankind’s future progress and wellbeing. In this whitepaper, we outline our understanding of humankind’s future challenges, and we describe the way in which we work towards identifying as well as managing them. In doing so, we pursue the overall goal of ZIPAR: We want to make the best future for humankind (ever so slightly) more probable.

scholarly journals Post-Acquisition Performance of Emerging Market Firms: A Multi-Dimensional Analysis of Acquisitions in India

2021 ◽  
Vol 14 (12) ◽  
pp. 567
Author(s):  
Arindam Das
Keyword(s):  
Structural Equation ◽  
Emerging Market ◽  
Empirical Studies ◽  
Short Term ◽  
Firm Level ◽  
Acquisition Performance ◽  
Long Term Performance ◽  
Term Performance ◽  
A Performance

M&A performance is a multifaceted, compound construct with no overarching factor that captures all different dimensions. This paper examines the concept of acquisition performance and proposes a model that links firm-level factors and transaction parameters with firms’ short-term and long-term performance, extending to financial-, market- and innovation measures. Building on past empirical studies on the influence of various factors on M&A performance, a multi-dimensional structural equation model has been developed and it has been tested with a dataset on acquisitions in the Indian technology sector over a period of ten years. The results suggest that: (a) smaller acquirers with higher book value and leveraged firms demonstrate better long-term performance; (b) contrary to established understanding, short-term market returns are not influenced by deal parameters; (c) majority stake purchases show relatively lesser gains—suggesting the possible presence of post-acquisition integration issues and, (d) acquirers with high intangible assets continue to do well on innovation performance post-acquisition. By indicating situations and conditions under which an acquisition would potentially lead to a performance gain for the acquirer, these results provide significant insight to practitioners pursuing M&As for growth opportunities.

A Review of Single-Item Internet Auction Literature and a Model for Future Research

2011 ◽  
pp. 3987-4012
Author(s):  
Jeff Baker ◽  
Jaeki Song
Keyword(s):  
Behavioral Economics ◽  
Conceptual Model ◽  
Empirical Studies ◽  
Empirical Literature ◽  
Future Research ◽  
Internet Auction ◽  
Internet Auctions ◽  
Single Item ◽  
Comprehensive List ◽  
Future Work

Internet auctions have received a considerable amount of attention from researchers. We review recent empirical literature pertaining to single-item Internet auctions and observe that existing work has examined the roles of the auctioneer, bidder, and seller in Internet auctions. As this stream of research matures, research will necessarily move from concept discovery and process explanation to theory deepening. As a first step towards synthesis of findings in Internet auctions, we compile a comprehensive list of the various factors that have been examined in empirical studies and note their general impact upon auction outcome. Based upon this extant research, we propose a conceptual model of Internet auctions as a framework for structuring future work into Internet auctions. We then note the existing economic, psychological, sociological, and cognitive theoretical bases for work on Internet auctions. We conclude by highlighting the potential for behavioral economics to bring unity to Internet auction research and by calling researchers to engage in the work of forging a comprehensive theory of Internet auctions.

The early bird catches the retirement savings

2019 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lucía Rey-Ares ◽  
Sara Fernández-López ◽  
María Milagros Vivel-Búa ◽  
Rubén Lado-Sestayo
Keyword(s):  
Social Factors ◽  
Cognitive Abilities ◽  
Design Methodology ◽  
Empirical Studies ◽  
Planning Horizon ◽  
Retirement Savings ◽  
Short Term ◽  
Relevant Variable ◽  
Content Type

Purpose This paper aims to investigate whether individuals’ planning horizon influences their decision to save privately for their retirement. Design/methodology/approach Focussing on Spain, this empirical research uses the fifth wave of the Survey of Health, Ageing and Retirement in Europe (SHARE)[1]. Logit models are estimated considering variables related to demographic characteristics, economic situation, education and cognitive abilities and psychological and social factors. Findings The results confirm that the planning horizon significantly influences the decision to save for retirement. Long-term planners are more likely to save for retirement than short-term planners. Originality/value Although previous literature has identified the planning horizon as a relevant variable in the decision to save for retirement, few empirical studies have evaluated their impact. This paper shows that it is important to develop habits of financial planning in societies, especially in societies with a prominent orientation towards the present.

scholarly journals All insects are equal, but some insects are more equal than others

2018 ◽  
Vol 120 (4) ◽  
pp. 852-863 ◽  
Author(s):  
Arnout R.H. Fischer ◽  
L.P.A. (Bea) Steenbekkers
Keyword(s):  
Design Methodology ◽  
Prior Experience ◽  
Future Research ◽  
Valuable Contribution ◽  
Short Term ◽  
Content Type ◽  
Quasi Experimental ◽  
Insects As Food ◽  
Practical Implications

Purpose Lack of acceptance of insects as food is considered a barrier against societal adoption of the potentially valuable contribution of insects to human foods. An underlying barrier may be that insects are lumped together as one group, while consumers typically try specific insects. The purpose of this paper is to investigate the ways in which Dutch consumers, with and without insect tasting experience, are more or less willing to eat different insects. Design/methodology/approach In a quasi-experimental study (n=140), the participants with and without prior experience in eating insects were asked to give their willingness to eat a range of insects, and their attitudes and disgust towards eating insects. Findings Insects promoted in the market were more preferred than the less marketed insects, and a subgroup of preferred insects for participants with experience in eating insects was formed. Research limitations/implications Although well-known insects were more preferred, general willingness to eat remained low for all participants. The results indicate that in future research on insects as food the specific insects used should be taken into account. Practical implications Continued promotion of specific, carefully targeted, insects may not lead to short-term uptake of insects as food, but may contribute to willingness to eat insects as human food in the long term. Originality/value The paper shows substantial differences between consumers who have and who have not previously tasted insects, with higher acceptance of people with experience in tasting insects for the specific insects that are frequently promoted beyond their generally more positive attitude towards eating insects.

Aging Couples: Benefits and Costs of Long Intimate Relations

2018 ◽  
Author(s):  
Victoria I. Michalowski ◽  
Denis Gerstorf ◽  
Christiane A. Hoppmann
Keyword(s):  
Time Frame ◽  
Multiple Time Scales ◽  
Future Research ◽  
Multiple Time ◽  
Physical And Mental Health ◽  
Short Term ◽  
Intimate Relations ◽  
Benefits And Costs ◽  
Over Time

Aging does not occur in isolation, but often involves significant others such as spouses. Whether such dyadic associations involve gains or losses depends on a myriad of factors, including the time frame under consideration. What is beneficial in the short term may not be so in the long term, and vice versa. Similarly, what is beneficial for one partner may be costly for the other, or the couple unit over time. Daily dynamics between partners involving emotion processes, health behaviors, and collaborative cognition may accumulate over years to affect the longer-term physical and mental health outcomes of either partner or both partners across adulthood and into old age. Future research should move beyond an individual-focused approach to aging and consider the importance of and interactions among multiple time scales to better understand how, when, and why older spouses shape each other’s aging trajectories, both for better and for worse.

scholarly journals The importance of financial recession for mental health among students: short- and long-term analyses from an ecosocial perspective

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Anne Hammarström ◽  
Pekka Virtanen
Keyword(s):  
Mental Health ◽  
Labour Market ◽  
Somatic Symptoms ◽  
High Response Rate ◽  
Future Research ◽  
Short Term ◽  
Individual Level ◽  
Cohort Differences ◽  
Short And Long Term

Background and aim: Referring to the ecosocial theory and utilising the ‘natural experiment’ setting provided by the global recession at the beginning of 1990s, the aim of our study was to analyse the short- and long-term associations between trade and mental health in young students followed until mid-adulthood. Method: The study was based on two prospective cohort studies, the older and the younger Northern Swedish Cohort which both consisted of all pupils in a middle-sized industrial town in Northern Sweden. At age 21, the younger cohort entered the labour market during the deep recession of the early 1990s, while the older cohort entered the labour market during the boom of the 1980s. Both cohorts were followed up with a high response rate in mid adulthood. For this study, all students were selected at age 21. Results: At age 21, those who studied during recession had more depressive and functional somatic symptoms than those who studied during boom. The cohort differences did not remain over age: by the follow-up in early middle age the differences between the cohorts were non-significant, most notably due to decreased depressive symptoms in the younger cohort and increase of functional somatic symptoms in the older cohort. Conclusions: The short-term mental health consequences of the business cycle seem to be more extensive than limited only to those who are unemployed, even though the possible long-term consequences seem to be more complex. Thus, the macrolevel had a great short-term impact on the individual level in relation to the microlevel setting of university/school. The chronosystem was also of major importance. Future research would benefit from taking the context into account.

scholarly journals Understanding beverage taxation: Perspective on the Philadelphia Beverage Tax’s novel approach

2019 ◽  
Vol 8 (1) ◽  
Author(s):  
Ryan M. Kane ◽  
Vasanti S. Malik
Keyword(s):  
Policy Process ◽  
Empirical Studies ◽  
Health Impact ◽  
Short Term ◽  
Sugar Sweetened Beverage ◽  
Novel Approach ◽  
Global Trend ◽  
Health Impact Assessments ◽  
Political Entrepreneurs

Despite the growing global trend of sugar-sweetened beverage (SSB) taxes for their potential as an untapped source of revenue and as a public health boon, these legislative efforts remain controversial. Multiple articles have reviewed this trend in recent years from modeling of long-term impacts to short-term empirical studies, yet most comprehensive, long-term health impact assessments remain forthcoming. These multi-faceted efficacy studies combined with case-based assessments of the policy process, descriptive pieces highlighting unique features of the policy and reflective perspectives targeting unanswered questions create a comprehensive body of literature to help inform present and future legislative efforts. The passage of the Philadelphia Beverage tax required a mix of political entrepreneurs, timing and context; while uniquely employing a nonpublic health frame, specific earmarking and a broadened scope with the inclusion of diet beverages. This perspective on the Philadelphia Beverage Tax will describe the passage and novel features of the Philadelphia Beverage Tax with a discussion of the ethical questions unique to this case.

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