| AUTHORS: Barr, Richard S.; Turner, J. Scott.
TITLE: Microdata file merging through large-scale network technology
DATE_OF_PUBLICATION: 1979
NUMBER_OF_PAGES: 42
WORKING_PAPER_NUMBER: 79-0100
KEYWORDS: tax policy, models, transportation model, network model, methods
OTHER_PROVENANCES: ^^
ABSTRACT: This paper describes the results of over four years of research, development, implementation, and use of a system which will optimally merge microdata files. The merge process requires solving transportation problems with up to 50,000 constraints and 60 million variables, and is now being performed on a production basis. The resultant statistical data files fuel U. S. tax policy evaluation models which are used today for design and analysis of Federal legislation. Computational experience with this pioneering optimization software is described. AUTHORS: Lorenzi, Peter; Sims, Henry P. Jr.; Slocum, John W. Jr.
TITLE: Perceived environmental uncertainty: an individual or environmental attribute?
DATE_OF_PUBLICATION: 1979
NUMBER_OF_PAGES: 42
WORKING_PAPER_NUMBER: 79-0101
KEYWORDS: perceived environmental uncertainty (PEU), task-related perceptions, individual differences, organizational behavior
OTHER_PROVENANCES: Journal of Management, Fall81, Vol. 7 Issue 2, p27, 15p
ABSTRACT: Management students were subjected to a decision-making game and a personality inventory to assess the effects of uncertainty on their decision making. Results suggest that task-related measures of perceived environmental uncertainty minimize the impact of individual differences on such measures. AUTHORS: Slocum, John W. Jr.; Sims, Henry P. Jr.
TITLE: A Typology for integrating technology, organization and job design.
DATE_OF_PUBLICATION: 1979
NUMBER_OF_PAGES: 35
WORKING_PAPER_NUMBER: 79-0103
KEYWORDS: technology, description, models, workflow, job design, organization design
OTHER_PROVENANCES: ^^
ABSTRACT: This paper proposes a theoretical model of technology that consists of three elements: workflow predictability, task predictability and job interdependence. Various configurations of these three elements can be formed into "cells" that describe different technologies. The different modes of managerial control and self-regulation associated with each cell are discussed. The paper then combines the technology model with Hackman and Oldham's (1975) model of job redesign to form an integrated technology/job redesign model. Various relationships between technology and job characteristics are explored. A major conclusion develops from this discussion: in order to change the job characteristics that are associated with a target work system, the unavoidable introduction of uncertainty is necessary. The amount of self-regulation and the perceived degree of autonomy are shown to be critical variables that link technology and job redesign principles. AUTHORS: Bettis, Richard A.; Hall, William K.
TITLE: Implementing the portfolio (SBU) concept
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 24
WORKING_PAPER_NUMBER: 80-0100
KEYWORDS: competitive analysis, corporate strategy, strategic business units (SBUs), diversified firms
OTHER_PROVENANCES: ^^
ABSTRACT: Using a simplistic categorization based on market share and market growth, companies are attracted to using the assessment to assign "mission" roles to individual business units. The categorization is show to be valuable in providing a common "language" for organizational planning, but considerable emphasis is placed on the need for flexibility in assessing the individual circumstances of each unit. AUTHORS: Hellriegel, Don; Slocum, John W. Jr.
TITLE: Assessing organizational change approaches: towards a comparative typology
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 20
WORKING_PAPER_NUMBER: 80-0101
KEYWORDS: organizational behavior, change agents
OTHER_PROVENANCES: Group & Organization Studies, Mar80, Vol. 5 Issue 1, p35, 13p (Not available locally in the BIC - may be available via a commercial database.)
ABSTRACT: A comparison of eleven approaches to effecting change in organizations is used to analyze where in the change process to best utilize each approach. Use of a single approach is suggested to be ineffective in producing results. AUTHORS: Carlson, Marvin L.; Lamb, James W.
TITLE: Constructing a theory of accounting -- an axiomatic approach
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: ^^
WORKING_PAPER_NUMBER: 80-0102
KEYWORDS: theory, predicate logic, accounting vocabulary
OTHER_PROVENANCES: Accounting Review, Jul81, Vol. 56 Issue 3, p554, 20p (Not available locally in the BIC - may be available via a commercial database.)
ABSTRACT: An axiomatic approach it taken to providing logical theorems that describe the fundamental transformations and relationships in accounting. AUTHORS: McGill, Michael
TITLE: Mentors & Managers
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 37
WORKING_PAPER_NUMBER: 80-0103
KEYWORDS: career development, counseling
OTHER_PROVENANCES: ^^
ABSTRACT: Participants in a managerial banking seminar who had 7 years or less experience were sampled with questionnaires to assess their experience with mentoring. Results indicate that roughly 80 percent of participants experienced mentoring. More research into the process and outcomes of mentoring is suggested. AUTHORS: Kensinger, John W.
TITLE: Budgeting capital for R & D: An application of option pricing
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 22
WORKING_PAPER_NUMBER: 80-0104
KEYWORDS: investment, option model, jump process, optimization, decision variables
OTHER_PROVENANCES: ^^
ABSTRACT: This paper presents the insight that R&R investments are "natural" options, and examines the extent to which they can be valued using currently available option pricing models. The nature of the industrial research effort determines whether the appropriate model is based on a diffusion process or a jump process. The option model based on the former is sufficiently developed to satisfactorily deal with the direct benefits of R&D, while the model base on the latter presents several problems. Furthermore, indirect benefits are not captured in these models. These applications and shortcomings are examined in detail in the hope of not only indicating a new direction for analysis of R&D investment decisions, but also pointing out the need for further scholarly research to deal more fully with this very interesting problem. AUTHORS: Bettis, Richard A.: Hall, William K.
TITLE: Strategic portfolio management in the multibusiness firm: An implementation status report
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 51
WORKING_PAPER_NUMBER: 80-0110
KEYWORDS: corporate strategy, portfolio concept, field studies, organization
OTHER_PROVENANCES: ^^
ABSTRACT: A "portfolio concept" may be used for strategic planning within large diversified firms. The portfolio concept relates product/market attractiveness to competitive position. Business units within the firm are analyzed for their ability to produce cash flow and improve competitive position. Balance should be achieved within the portfolio to insure that there is both a sustaining cash flow and effort to improve market position. AUTHORS: Bettis, Richard A.
TITLE: Sources of performance differences in related and unrelated diversified firms
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 15
WORKING_PAPER_NUMBER: 80-0111
KEYWORDS: diversification strategy, related-constrained firms, related-linked firms, performance, core skills
OTHER_PROVENANCES: ^^
ABSTRACT: Related-constrained firms, where all component business are related to each, may be evolving into related link firms, where only one-to-one relationships obtain. Related- constrained firms outperform unrelated firms and an examination of applicable variables may help explain how these differing types of diversified firms may be appraised and managed. AUTHORS: Gray, Paul
TITLE: The information needs of business with special application to managerial decision making
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 29
WORKING_PAPER_NUMBER: 80-0112
KEYWORDS: decision support systems, computers, teleconferencing, enterprise-wide systems, management information systems
OTHER_PROVENANCES: ^^
ABSTRACT: Current developments in computing and telecommunications are discussed and the implications for management decision making are explored. AUTHORS: Bettis, Richard A.; Hall, William K.
TITLE: Diversification strategy, accounting determined risk, and accounting determined return
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 13
WORKING_PAPER_NUMBER: 80-0113
KEYWORDS: diversification strategies, market measures, pharmaceutical industry
OTHER_PROVENANCES: Diversification Strategy, accounting determined risk, and accounting determined return. Academy of Management Journal, v. 25, no. 2, 1982: 254- 264.
ABSTRACT: The concept of risk pooling through unrelated diversification is called into question as previous research is shown to have included pharmaceutical firms in the analysis that were responsible for affecting the performance assessment. Diversification strategies were not shown to differ in a significant way. AUTHORS: Vandell, Kerry D.
TITLE: Toward analytically precise definitions of market value and highest and best use
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 29
WORKING_PAPER_NUMBER: 80-0114
KEYWORDS: appraisal, real estate
OTHER_PROVENANCES: ^^
ABSTRACT: Numerical analysis reveals that "market value" is not strongly related to "highest and best use". Analysis to observe the statistical uncertainty in the market provides the best view of property worth. Use of all available data is suggested to be the best practical basis for action by participants in the market. AUTHORS: Joyce, William F.; Slocum, John W. Jr.; Von Glinow, Mary Ann
TITLE: Person-situation interaction: an exploration
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 27
WORKING_PAPER_NUMBER: 80-0115
KEYWORDS: organizational behavior, climate, task factors, personality
OTHER_PROVENANCES: ^^
ABSTRACT: Data from foremen working in 3 plants owned by one manufacturing firm were surveyed to assess work climate, job satisfaction, achievement and motivating potential. Results were used to build a taxonomy for classifying patterns of fit between persons and situations. Three congruency models are used to interpret the data and interpretation seems to support the need to weigh environmental variables fully in examining performance. AUTHORS: Joyce, William F.; Slocum, John
TITLE: Correlates of climate discrepancy
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 31
WORKING_PAPER_NUMBER: 80-0116
KEYWORDS: organizational behavior, organizational climate
OTHER_PROVENANCES: ^^
ABSTRACT: Foremen from three truck manufacturing plants were assessed for performance, job satisfaction, and psychological climate in order to gain understanding of the differences between a concensus perspective of organizational climate and individual perceptions of climate. A measure of climate discrepancy seems to be a better predictor of performance than a measure of organizational climate. AUTHORS: Vandell, Kerry; Solomon, Arthur
TITLE: Alternative Perspectives on Neighborhood Decline
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 44
WORKING_PAPER_NUMBER: 80-0117
KEYWORDS: Neighborhoods, theory, Urban Policy, Finance, Decline
OTHER_PROVENANCES: ^^
ABSTRACT: Many urban policies and programs have been designed to combat neighborhood decline and abandonment, but few have enjoyed significant success. The thesis of this study is that this lack of success is attributable in part to the failure to develop an adequate theory of neighborhood decline. In fact, at least three competing theories exist- the orthodox economic, dual and radical theories. These theories are based on competing hypotheses and methodologies and imply different policy prescriptions. AUTHORS: Kensinger, John W.
TITLE: Project abandonment as a put option: dealing with the capital investment decision and operating risk using option pricing theory
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 22
WORKING_PAPER_NUMBER: 80-0121
KEYWORDS: investment, asset flexibility, durability
OTHER_PROVENANCES: Presented as a paper at the Financial Management Association, October 25, 1980 in New Orleans.
ABSTRACT: The possibility of liquidating assets used in a capital project are modeled as a "put" option in order to properly incorporate the qualities of the assets in the total valuation and assessment of risk in the project. Where assets can be diverted to other uses, abandonment of the project carries less risk than if the assets expired. AUTHORS: Levy, Michael; Grant, Dwight
TITLE: Financial terms of sale and control of marketing channel conflict
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 7
WORKING_PAPER_NUMBER: 80-0200
KEYWORDS: interest rates, terms of sale
OTHER_PROVENANCES: Journal of Marketing Research (JMR), Nov80, v 17, no. 4, p524 (Not available locally from the BIC, may be available via a commercial database.)
ABSTRACT: The growing practice of delaying payment for goods in order to use available cash rather than paying high interest rates for short term loans is modeled. Strategy for sellers to use to curtail this imposition is discussed. AUTHORS: Levy, Michael
TITLE: Toward an optimal customer service package
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: ^^
WORKING_PAPER_NUMBER: 80-0300
KEYWORDS: distribution, customer service, business logistics, product support, service level, conjoint analysis
OTHER_PROVENANCES: Journal of Business Logistics, 1981, Vol. 2 Issue 2, p87, 23p (Not available locally through the BIC - may be available via a commercial database.)
ABSTRACT: Using data gathered from a survey of wholesalers, conjoint analysis was used to assess both the quality and level of service. Results indicate that this method usefully demonstrates the relative importance of different levels of service. AUTHORS: Kerr, Steven; Slocum, John W. Jr.
TITLE: Controlling the performances of people in organizations
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 65
WORKING_PAPER_NUMBER: 80-0301
KEYWORDS: performance, ability, motivation, leadership, behavior, leader initiation of structure (LIS)
OTHER_PROVENANCES: ^^
ABSTRACT: The roles of leaders in setting goals, providing workplace structure, and providing feedback is explored, both for individual employees and work groups. The role of group processes, including training, are explored as alternatives to direct leadership actions. AUTHORS: Vandell, Kerry D.
TITLE: The effects of racial composition on neighborhood succession
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 43
WORKING_PAPER_NUMBER: 80-0400
KEYWORDS: race, housing, income changes, segmented market
OTHER_PROVENANCES: ^^
ABSTRACT: A probabalistic model is used to observe patterns of mobility and the effect on neighborhood value in StLouis and Houston over time. Results highlight definite city- specific differences in overall effect. Non-white neighborhoods seem to experience more rapid decline than white neighborhoods. Several variables remain unexplored, including changes in economic status among residual households, zoning policy, land use policy, availability of mortgage capital, differences in opportunity to move and differential impact of economic variables. AUTHORS: Miller, Richard D.
TITLE: Strategies of growth: forms, characteristics and returns
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 33
WORKING_PAPER_NUMBER: 80-0500
KEYWORDS: corporate growth, geographical scope, product lines, product diversity, economic performance,
OTHER_PROVENANCES: ^^
ABSTRACT: Using a sample of retail firms that have different product lines and a variety of geographic scopes, the study assesses the effect of geographic scope and breadth of product on economic performance. AUTHORS: Steckroth, Richard; Slocum, John Jr.; Sims, Henry Jr.
TITLE: Organizational Roles, Cognitive Roles, and Problem Solving Styles
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 22
WORKING_PAPER_NUMBER: 80-0600
KEYWORDS: Organization, Roles, Problem Solving, Styles, Korman, Models
OTHER_PROVENANCES: ^^
ABSTRACT: Korman's cognitive consistency model was tested with a sample of 96 managers. Using both projective and paper-and-pencil measure, a manager's problem-solving style was mapped according to the dimensions postulated by Jung. The data indicate strong convergent validity between the research instruments for measuring a manager's problem-solving styles and offer moderate support for Korman's thesis. AUTHORS: Greynolds, Elbert B. Jr.
TITLE: New efficient equations to compute the present value of morgage interest payments and accelerated depreciation tax benefits
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 28
WORKING_PAPER_NUMBER: 80-601
KEYWORDS: amortization, depreciation
OTHER_PROVENANCES: ^^
ABSTRACT: Equations are presented that allow students to quickly calculate present value for mortgage payments and depreciation tax benefits. Calculations can be done witha hand calculator that has a Y x(exponent) function. AUTHORS: Vandell, Kerry D.
TITLE: Mortgage quality and the two-earner family: issues and estimates
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 65
WORKING_PAPER_NUMBER: 80-0800
KEYWORDS: home ownership, single earner households, two earner households
OTHER_PROVENANCES: ^^
ABSTRACT: The complex demography of households is modeled to ascertain what generalizable rules might be useful in making decisions about viable mortgage levels by lenders. Analysis lends credence to the rule-of-thumb, used prior to legislation in the mid- 1970's, that discounts the wife's income by 50 percent, for both single and two earner households. The complexity of the demography dictates individual analysis of each lending situation. AUTHORS: Sobol, Marion Gross; Ellard, Paul
TITLE: Comparison of the EEOCC Four-fifths Rule and a One, Two or Three Binomial Criterion
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 14
WORKING_PAPER_NUMBER: 80-0801
KEYWORDS: Discrimination, Legislation, Law, Hiring, Personnel, Impact
OTHER_PROVENANCES: ^^
ABSTRACT: The amount of error is examined in using the four-fifths rule or the standard deviation to decide court cases which deal with discrimination. Since one, two or three standard deviations may be used as a criterion, it becomes apparent that it is possible for players in a court case to "game" the scenarios and use statistics to support their case. It is suggested that courts adopt a statistical standard in addition to the four-fifths rule in order to minimize the game playing. AUTHORS: Grant, Dwight; Hempel, George
TITLE: Bank portfolio management: the role of financial futures
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 21
WORKING_PAPER_NUMBER: 80-0900
KEYWORDS: risk, bank assets, interest rates
OTHER_PROVENANCES: ^^
ABSTRACT: A method is proposed and modeled to use a position in a single interest rate futures contract in order to hedge a bank's exposure to fluctuating interest rates. AUTHORS: Eaker, Mark R.; Grant, Dwight M.
TITLE: Hedging uncertain foreign exchange positions
DATE_OF_PUBLICATION: 1980
NUMBER_OF_PAGES: 17
WORKING_PAPER_NUMBER: 80-0902
KEYWORDS: financial risk, international transactions
OTHER_PROVENANCES: ^^
ABSTRACT: A strategy is outlined for hedging foreign exchange currency. AUTHORS: Simonson, Donal G.; Hempel, George H.
TITLE: Improving gap management as a technique for reducing interest rate risk
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 16
WORKING_PAPER_NUMBER: 81-0110
KEYWORDS: profit, interest rates
OTHER_PROVENANCES: ^^
ABSTRACT: A model that encompasses duration is used to demonstrate the effects of interest rate changes on relatively non-sensitive assets and liabilities. AUTHORS: Bettis, Richard A.; Prahalad, C.K.
TITLE: The Visible and Invisible Hand: Source Allocation in the Industrial Sector
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 23
WORKING_PAPER_NUMBER: 81-0111
KEYWORDS: Capitalization, Finance, Economics, State Policy
OTHER_PROVENANCES: ^^
ABSTRACT: During the last three decades the industrial sector of the United States economy has become increasingly concentrated in a relatively few, large, highly diversified firms. These firms rely primarily on internally generated funds for capital. Both the sources and uses of funds for these firms vary from smaller firms. This paper documents these trends. These trends suggest a need for a framework that combines our understanding of both markets and the internal organization of the firm to explain the resource allocation processes in the economy. This is a departure from the standard analysis which would lead one to believe that resource allocation in the industrial sector is primarily a market process. In other developed countries, the state is emerging as a major source of capital and this implies that the resource allocation framework should, in addition to the market and internal organizational influences consider the impact of political and ideological considerations. AUTHORS: Peavy III, John W.; Goodman, David A.
TITLE: The Significance of Price-Earnings Ratios on Portfolio Returns
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 9
WORKING_PAPER_NUMBER: 81-0112
KEYWORDS: Risk, Securities, Capital Asset Pricing Model, CAPM, Rate of Return
OTHER_PROVENANCES: ^^
ABSTRACT: This study evaluates the P/E ratio as a means of predicting portfolio returns. Results indicate that the P/E ratio is a good factor in predicting return and that the CAPM measure may be inadequate. AUTHORS: Bruno, Catherine J.; Eaker, Mark R.
TITLE: Further Evaluation of Financing Costs for Multinational Subsidiaries
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 10
WORKING_PAPER_NUMBER: 81-0113
KEYWORDS: Risk, Foreign Exchange, Models, Portfolio Theory
OTHER_PROVENANCES: ^^
ABSTRACT: This paper extends the analysis of alternative sources of financing multinational operations by explicitly recognizing risk. Methodologies developed in previous research have been relevant only for risk neutral firms. The framework used in those papers is modified to provide a measure of the riskiness related to each of the financing options available to the firm. AUTHORS: Goodman, David A.; Peavy III, John W.
TITLE: The Price-Earnings Relative as an Indicator of Investment Returns
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 12
WORKING_PAPER_NUMBER: 81-0115
KEYWORDS: Normalized Ratio, Performance, CAPM, price-earnings relative, PER, capital asset pricing model
OTHER_PROVENANCES: ^^
ABSTRACT: The use of the price-earnings relative indicator (PER) is examined to assess its utility in evaluating stock returns for similarly performing firms. The measure does seem to be a valid predictor of investment returns and eliminate bias between firms within the same industry. AUTHORS: Cron, William L.; Zeithaml, Valerie A.
TITLE: Strategic Management for Wholesalers: An Environmental management Perspective
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 13
WORKING_PAPER_NUMBER: 81-0116
KEYWORDS: Long-range planning, Economic conditions, external Force, Strategies
OTHER_PROVENANCES: ^^
ABSTRACT: The purpose of this paper is to propose that environmental management, a conceptual framework from the organizational policy and strategy literature, can function as a useful paradigm for wholesalers who desire to adopt a long-range planning perspective. This perspective, often called strategic management, may be critical to the success and survival of firms in the 1980's as economic, political, competitive, regulatory, and societal forces exert increasing impact on their performance levels. AUTHORS: Barry, Christopher B.; Jennings, Robert H.
TITLE: Sequential information dissemination and relative market efficiency
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 39
WORKING_PAPER_NUMBER: 81-0117
KEYWORDS: capital market, information dissemination, relative efficiency, market equilibrium
OTHER_PROVENANCES: ^^
ABSTRACT: Research in the area of capital market efficiency with respect to information generally considers only the two conclusions that the market is efficient or it is not efficient; information is either instantaneously reflected in prices or it is not. We investigate a market structure in which individual traders may require differential time lags to respond to new information, either because of time lags in acquiring the information or because of differences in ability to process received information quickly. In the context of this market, we argue that the dichotomous view of efficiency versus inefficiency is not useful; rather it is meaningful to measure the relative efficiency of the market. We develop a measure of relative market inefficiency and investigate properties of the measure. Then we consider economic determinants of the degree of market inefficiency and review our measure of efficiency against the criteria proposed by Goldman and Sosin (1979). AUTHORS: van Breda, Michael F.
TITLE: Modeling earnings behavior
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 26
WORKING_PAPER_NUMBER: 81-0118
KEYWORDS: models, forecasting, accounting rates of return, theory, expected earnings
OTHER_PROVENANCES: ^^
ABSTRACT: The differences between the economic rate of return measure and the accounting rate of return measure are explored. The economic rate is based on expectation where the accounting rate is based on actual events. The accounting system filters return data by averaging and other processes to create a slow rate of reversion. AUTHORS: Goodman, David; Wooton, Leland M.
TITLE: The Dimensions of Self-Management
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 19
WORKING_PAPER_NUMBER: 81-0119
KEYWORDS: motivation, organizations, labor, decision-making, change
OTHER_PROVENANCES: ^^
ABSTRACT: The concepts that differentiate self-management from authority-based management are explored. A survey, used to assess how executives view self- management, demonstrates relatively strong support for the notion. An overall analysis suggests that in the post WWII era, democracy in the work place and self-fulfillment elements in work design are gradually displacing classic American management and are now allied with the American value of individualism. AUTHORS: Peavy, John W.; Goodman, David A.
TITLE: Price-earnings relatives - a new twist to the low-multiple strategy
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 11
WORKING_PAPER_NUMBER: 81-0120
KEYWORDS: prices, low PER, price-earnings ratio, portfolio management, risk, securities
OTHER_PROVENANCES: ^^
ABSTRACT: Authors support the notion that companies with low price-earning ratios make excellent investments with above normal returns balanced by lower than normal risk. AUTHORS: Barr, Richard S.
TITLE: Solution strategies and algorith behavior in large-scale network codes
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 10
WORKING_PAPER_NUMBER: 81-0200
KEYWORDS: survey analysis, data processing, optimization, Fortran, ATI algorithm
OTHER_PROVENANCES: Paper delivered at Conference on Mathematical Programming, Testing and Validating Algorithms and Software, National Bureau of Standards, Boulder, Colorado, January 5-6, 1981.
ABSTRACT: Merging data sets containing records of two or more surveys requires a complex strategy to best use computer resources. Using various algorithms, the author sought to optimize processing time and storage solutions AUTHORS: Gray, Paul; Aronofsky, Julius; Berry, Nancy W.; Helmer, Olaf: Kane, Gerald R.; and Perkins, Thomas E.
TITLE: The SMU decision room project
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 22
WORKING_PAPER_NUMBER: 81-0201
KEYWORDS: decision-making, presentation systems, executives
OTHER_PROVENANCES: Paper submitted to DSS-81 First Annual International Conference on Decision Support Systems, Atlanta, Georgia, Jun 8-10, 1981.
ABSTRACT:In recent years, new technologies have been developed that can be used to enhance the information environment in senior executive decision making. These technologies allow rapid information retrieval, rapid evaluation of new alternatives, graphic display of complex information, and participation by individuals at remote locations. The goal of the SMU Decision Room Project is to determine how to integrate the new information technologies into group decision making by senior executives. Two decision rooms with video, audio, and computer-generated information flowing between them are being built for use as an experimental facility. The rooms include seven-foot video displays, color graphics displays, and touch-screen terminals for individual use. A minicomputer controls the flow of information within and between rooms. The minicomputer provides data bases and models to aid decision makers and allow them to explore "what if" questions during meetings. An initial research program is described. This program focuses on specific decision making situations (including personnel decisions, strategic planning and crisis management, capital and financial planning, product marketing decisions, and evaluation of operations). The substantive experiments provide a context in which fundamental issues can be explored. AUTHORS: Levy, Michael; Ingene, Charles
TITLE: Cash discounts to retail customers: an alternative to credit card sales
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 22
WORKING_PAPER_NUMBER: 81-0300
KEYWORDS: discounts, legislation, credit cards, consumer behavior, optimization, retail policies
OTHER_PROVENANCES: ^^
ABSTRACT: Should retailers offer discounts to consumers as an inducement to pay cash rather than to make payment with credit cards? Discussion and optimization strategies are presented in the context of cost to both the consumer and the retailer. AUTHORS: Levy, Michael; Ingene, Charles
TITLE: Merchandising decisions: a new view of planning and measuring performance
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 16
WORKING_PAPER_NUMBER: 81-0400
KEYWORDS: return on investment, gross margin, GMROI, CMROI, inventory, merchandising, retail, strategy, space
OTHER_PROVENANCES: ^^
ABSTRACT: Expanding the scope of factors considered in evaluating return on investment can assist front line managers in making realistic decisions about inventory. Several factors that directly account for profitability and are within the purview of front line managers are discussed and means of optimizing their relationships are discussed. AUTHORS: Aronofsky, Julius; Karni, Reuven; Tankin, Harry.
TITLE: A methodology for the formulation and evaluation of energy goals and policy alternatives for Israel
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 95
WORKING_PAPER_NUMBER: 81-0500
KEYWORDS: national energy policy, policy analysis, resources, regulation
OTHER_PROVENANCES: The Technion - Israel Institute of Technology, The Samuel Neaman Institute For Advanced Studies In Science And Technology
ABSTRACT: The researchers examine several possible policy actions to outline in detail the possible outcomes, resources, constraints, and tasks that are part of that action. These actions are samples from a catalog of actions that the Technion must examine to arrive at a viable national policy. AUTHORS: Slocum, John W.
TITLE: Job redesign: improving the quality of working life
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 32
WORKING_PAPER_NUMBER: 81-0501
KEYWORDS: job redesign, productivity, quality of life, social aspects, working conditions, job enrichment, task variety, task significance, task feedback, unexpected outcomes
OTHER_PROVENANCES: ^^
ABSTRACT: Methods of improving the quality and productivity of working life are explored. The concepts of combining tasks, forming natural work units, establishing client relationships, vertical loading and opening feedback channels are explored. AUTHORS: Downey, Kirk H.; Slocum, John W
TITLE: Managerial uncertainty and performance
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 22
WORKING_PAPER_NUMBER: 81-0600
KEYWORDS: uncertainty, managers, complexity, cognitive structure
OTHER_PROVENANCES: Portions presented at the Midwest Academy of Management Meetings in St. Louis, Missouri
ABSTRACT: How environmental uncertainty affects performance is explored using data from previous studies. The study shows that uncertainty has a negative effect on performance. Cognitive characteristics that moderate the perception of uncertainty are discussed briefly. AUTHORS: Lam, Chun H.; Boudreaux, Kenneth J.
TITLE: Compensating balance, rationality and optimality
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 23
WORKING_PAPER_NUMBER: 81-0601
KEYWORDS: commercial lending, model, costs, risk, banking, rationality
OTHER_PROVENANCES: ^^
ABSTRACT: An exploration of the means of optimizing both static and dynamic situations where the rationality principal is applied to financing and the necessity of borrowing to meet compensating balance requirements exists. AUTHORS: Brueggeman, William B.; Fisher, Jeffrey D.; Stern, Jerrold J.
TITLE: Federal income taxes, inflation and holding periods for income-producing property
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 23
WORKING_PAPER_NUMBER: 81-0700
KEYWORDS: depreciation, inflation, capital gains, recapture, investor behavior
OTHER_PROVENANCES: ^^
ABSTRACT: An investigation into tax-induced holding periods for real estate investments using a simulation exercise. Results show that there are relationships between holding period and depreciation methods and rate of inflation. Advantages of a specific holding period are not always intuitively apparent. AUTHORS: Gray, Paul; Dean, Burton V.
TITLE: The Chinese - U.S. symposium on systems analysis
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 14
WORKING_PAPER_NUMBER: 81-0800
KEYWORDS: People's Republic of China, Shanxii Province, Xian
OTHER_PROVENANCES: ^^
ABSTRACT: Report of a symposium conducted in China highlights the increasingly important role that systems analysis is being given in the process of societal planning. A brief discussion is provided of the variables that the government is concerned about that interact with and influence state planning. AUTHORS: Bonello, Frank J.; Reichenstein, William R.
TITLE: The sensitivity of policy elasticities to the time period examined in the St. Louis equation and other tests.
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 17
WORKING_PAPER_NUMBER: 81-0801
KEYWORDS: federal reserve bank, model, reliability, policy lags, monetary policy, fiscal policy
OTHER_PROVENANCES: ^^
ABSTRACT: The St. Louis equation is shown to have an inability to produce consistent estimates of policy elasticities. AUTHORS: Peavy, John W.
TITLE: Forecasting industrial bond rating changes: a multivariate model
DATE_OF_PUBLICATION: 1981
NUMBER_OF_PAGES: 26
WORKING_PAPER_NUMBER: 81-0900
KEYWORDS: multiple discriminant analysis, bonds, model, bond ratings, prediction
OTHER_PROVENANCES: ^^
ABSTRACT: A predictive model is used to predict the changes in bond ratings that Moody's applies. A relatively high degree of accuracy is achieved for downgrades but with less success for upgrades. AUTHORS: Bettis, Richard A.
TITLE: Risk considerations in modeling corporate strategy
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 13
WORKING_PAPER_NUMBER: 82-0100
KEYWORDS: simultaneous equation, model, research, uncertainty, decision-making
OTHER_PROVENANCES: ^^
ABSTRACT: This work ties the consideration of risk to the consideration of structuring corporate strategy. Suggested formulation of a simultaneous equation approach to including risk in models is examined. AUTHORS: Bettis, Richard A.
TITLE: Modern financial theory, corporate strategy, and public policy: three conundrums
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 20
WORKING_PAPER_NUMBER: 82-0101
KEYWORDS: stock prices, prediction, capital asset pricing model, CAPM, competition
OTHER_PROVENANCES: ^^
ABSTRACT: A review of the economic role that company strategy plays in the larger frame of corporate survival and risk taking. AUTHORS: Barry, Thomas E.; Gunst, Richard F.
TITLE: Children's advertising: the differential impact of appeal strategy
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 20
WORKING_PAPER_NUMBER: 82-0102
KEYWORDS: children, television, commercials, survey, nutrition, junk food
OTHER_PROVENANCES: ^^
ABSTRACT: Multidimensional contingency table analysis is used to study responses to a sampling of child perceptions of products after viewing different versions of television commercials. Results indicate that children may be influenced positively toward healthy products as well as "junk food". AUTHORS: Churchill, Neil C.; Lewis, Virginia L.
TITLE: A typology of small businesses: hypothesis and preliminary study
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 35
WORKING_PAPER_NUMBER: 82-0103
KEYWORDS: entrepreneurship, company growth, organizational structure, management, size, value-added, life cycle, survival, success
OTHER_PROVENANCES: ^^
ABSTRACT: Growth of companies through various stages of development is explored and validated by comparison with companies described by current company officers who were participating in a training program. Since data used were not representative of small business, full validation of the evolutionary model was not completed. AUTHORS: Vandell, Kerry D.
TITLE: Imperfect information, uncertainty, and credit rationing: a comment and extension
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 29
WORKING_PAPER_NUMBER: 82-0104
KEYWORDS: loans, competition, expectation of default, jaffee-russell model, market behavior
OTHER_PROVENANCES: ^^
ABSTRACT: The author explores that possibility that borrowers will reveal a likelihood of default through their behavior in choosing particular loan terms. Modeling user behavior shows that it is unlikely that borrowers with different costs of default are distinguishable by their demand behavior. AUTHORS: Salter, James R.; Peters, Lawrence H.; Jackofsky, Ellen F.
TITLE: Reasons for quitting: a comparison of part-time and full-time employees
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 19
WORKING_PAPER_NUMBER: 82-0110
KEYWORDS: turnover, human resources, employees, part time, full time
OTHER_PROVENANCES: ^^
ABSTRACT: Investigating the reason for people have for quitting a job reveals that full- time workers most often influenced to quit for job-related reasons and part-time workers are influenced to quit by non-job related factors. AUTHORS: Mahajan, Vijay; Wind, Jerry
TITLE: Integrating financial portfolio analysis with product portfolio models
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 30
WORKING_PAPER_NUMBER: 82-0111
KEYWORDS: models, portfolios, resource allocation, product lines, rate of return, product mix
OTHER_PROVENANCES: ^^
ABSTRACT: Methods of creating a hybrid model of product and financial portfolios to provide more realistic choices for resource allocation are examined. The authors attempt to take into account multiple objectives and minimize subjective interpretation. AUTHORS: Easingwood, Christopher J.; Mahajan, Vijay; Muller, Eitan
TITLE: A non-uniform influence innovation diffusion model of new product acceptance
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 40
WORKING_PAPER_NUMBER: 82-0112
KEYWORDS: diffusion patterns, consumers, early adopters, late adopters, Sharif-Kabir model, Floyd model, Bass model, market penetration, rate of adoption
OTHER_PROVENANCES: ^^
ABSTRACT: Different diffusion patterns are accommodated using a non-uniform influence model. Assumptions about word-of-mouth effects, timing of the maximum penetration rate, and curve symmetry are relaxed in this model to allow for a more realistic portrayal of the diffusion process. AUTHORS: Wallace, Wanda
TITLE: The acceptability of regression analysis as evidence in a courtroom - implications for the auditor
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 40
WORKING_PAPER_NUMBER: 82-0113
KEYWORDS: audit, law, evidence, court, testimony, expert
OTHER_PROVENANCES: ^^
ABSTRACT: Regression analysis is an acceptable tool for use in court and has effectively been used in many court cases. Care must always be taken to insure that assumptions and variables used in models are realistic and that sample sizes are adequate. Explanation of the statistical method is crucial in insuring that judges and juries clearly understand the regression analysis method and conclusions. AUTHORS: Peavy, John W. III; Goodman, David A.
TITLE: A further inquiry into the market value and earnings' yield anaomalies
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 35
WORKING_PAPER_NUMBER: 82-0114
KEYWORDS: earnings, firm size, capital asset pricing model, CAPM, risk, e/p ratio, market value
OTHER_PROVENANCES: ^^
ABSTRACT: Previous studies are reopened to examine the relationship between e/p ratios, market values, and earnings. Data a representing industrial common stock returns over a ten year period are analyzed. The conclusion is reached that firm size and time factors must be adjusted more reasonably. The authors suspect that firm market value and earnings' yield are in some way related and firm market value may proxy for earnings AUTHORS: Lam, Chun H.; Boudreaux, Kenneth J.
TITLE: Compensating balances, deficiency fees and lines of credit: an operational model
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 29
WORKING_PAPER_NUMBER: 82-0120
KEYWORDS: finance, loans, lenders, risk
OTHER_PROVENANCES: ^^
ABSTRACT: A simple formulation of a compensating balance arrangement is presented that allows banks and borrowers to understand the relationships between loan rates, compensating balances, and deficiency fees. AUTHORS: Vandell, Kerry
TITLE: Toward a formal model of optimal seller behavior in the real estate transactions process
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 68
WORKING_PAPER_NUMBER: 82-0121
KEYWORDS: models, stull strategy, simon strategy, rothschild strategy
OTHER_PROVENANCES: Presented at the ASSA Annual Meeting, New York City, December, 1982.
ABSTRACT: Observing that real estate transactions are often based on minimal information and crude perceptions of actual value, alternative strategies are examined. The optimal or most realistic strategy appears to be one in which the seller updates information based on bids received. AUTHORS: Vandell, Kerry D.; Zerbst, Robert H.
TITLE: Estimates of the effect of school desegregation plans on housing values over time
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 36
WORKING_PAPER_NUMBER: 82-0122
KEYWORDS: white flight, value discounts, policy
OTHER_PROVENANCES: Presented at the annual meeting of the American Real Estate and Urban Economics Association, Denver, September 6, 1980.
ABSTRACT: Multiple school districts are studied using regression analysis to determine the effects of desegregation on property values. Study data affirms previous studies that there are real estate costs associated with desegregation. AUTHORS: Lam, Chun H.; Boudreaux, Kenneth J.
TITLE: Compensating balances, deficiency fees, and lines of credit
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 23
WORKING_PAPER_NUMBER: 82-0123
KEYWORDS: models, loans, risk
OTHER_PROVENANCES:
ABSTRACT: Analysis provides insight into the strategies that may be used to provide a "liquidity premium" that insures the bank making a loan against the risk of default or delayed payment. The inclusion of a deficiency fee in the event of unforeseen circumstances insures that the bank is able to gain a target rate of return and total loan costs. The model investigated provides the capability of dealing with the complexities of loans that include line of credit arrangements. AUTHORS: Baesel, Jerome; Grant, Dwight
TITLE: Equilibrium in a futures market
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 19
WORKING_PAPER_NUMBER: 82-0200
KEYWORDS: production decisions, speculators, future price, spot price
OTHER_PROVENANCES: ^^
ABSTRACT: A perspective is provided that rebutts the notion that difference in expectations or differences in risk aversion account for the participation of speculators in the market. The model used seems to indicate that elasticity of production factors influences the futures market. AUTHORS: Grant, Dwight
TITLE: Grant, Dwight
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 10
WORKING_PAPER_NUMBER: 82-0201
KEYWORDS: resource allocation, portfolio selection
OTHER_PROVENANCES: ^^
ABSTRACT: Futures in an index represent an additional market for futures contracts that has appeal to individual investors for hedging. A discussion is presented of the relationship between the mix of risk and risk-free assets in a portfolio and the effect on expected return. AUTHORS: Grant, Dwight
TITLE: Selecting optimal portfolios with a futures market in a stock index
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 13
WORKING_PAPER_NUMBER: 82-0202
KEYWORDS: securities, portfolios, futures, Sharpe measure of efficiency
OTHER_PROVENANCES: ^^
ABSTRACT: Futures in a stock index offer investors an important complement to the risk and return expectations of the basic portfolio. AUTHORS: Grant, Dwight
TITLE: Market index futures contracts: some thoughts on delivery dates
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 9
WORKING_PAPER_NUMBER: 82-0203
KEYWORDS: futures contract, market index, multiple contracts, arbitrage
OTHER_PROVENANCES: ^^
ABSTRACT: Marketing of multiple index futures contracts seems driven by institutional considerations such as transaction costs and taxes rather than hedging appeal. AUTHORS: Baesel, Jeome; Grant, Dwight
TITLE: Optimal sequential futures trading
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 17
WORKING_PAPER_NUMBER: 82-0204
KEYWORDS: futures, decisions, multiperiod hedging problem, production
OTHER_PROVENANCES: ^^
ABSTRACT: An investigation is presented of the interrelationship between market and real asset production. Although variables can be identified, it is unlikely that all relevant information can be accessible in a manner that will allow such calculations to be of more than theoretical use. AUTHORS: Jackofsky, Ellen F.; Peters, Lawrence H.
TITLE: The hypothesized effects of ability in the turnover process
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 15
WORKING_PAPER_NUMBER: 82-0300
KEYWORDS: employees, performance, perception, ease of movement
OTHER_PROVENANCES: ^^
ABSTRACT: A discussion of ability as an element in turnover decisions suggests that employees with high task ability are more likely to change jobs if tasks are less demanding and routine and thus underutilizing employee abilities. A key element that augments a turnover decision is the belief that the individual can successfully move. An useful outcome of the discussion is to highlight the need to insure that the most talented members of an organization are being wisely utilized. AUTHORS: Perkins, Thomas E.; Gray, Paul
TITLE: Teaching a financial planning language as the principal computer language for MBA's
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 23
WORKING_PAPER_NUMBER: 82-0301
KEYWORDS: interactive financial planning system, IFPS, business problems, non- procedural language, instruction, models
OTHER_PROVENANCES: ^^
ABSTRACT: Students in an introductory MBA course are instructed in the use of a financial planning system as method of introducing computer technology and as a leveling agent for computer learning computer skills. AUTHORS: van Breda, Michael F.
TITLE: Put budgeting back into capital budgeting
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 25
WORKING_PAPER_NUMBER: 82-0302
KEYWORDS: decision model, control model, accrual accounting, present value analysis, assumptions, capital budgeting
OTHER_PROVENANCES: ^^
ABSTRACT: Use of accrual accounting in both the decision making and subsequent control phase of management can make the the entire process both more understandable and accountable with referring to laborious mathematical models that require advanced skills to assimilate. AUTHORS: Jennings, Robert H.; Barry, Christopher B.
TITLE: Information dissemination and portfolio choice
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 34
WORKING_PAPER_NUMBER: 82-0400
KEYWORDS: speculation, securities, information dissemination
OTHER_PROVENANCES: Journal of Financial & Quantitative Analysis, Mar83, Vol. 18 Issue 1, p1, 19p
ABSTRACT: Arrival of new information has a definite impact on stock price. The greater the accuracy of the information and the more restricted its initial dissemination, the greater the potential market impact. AUTHORS: Dean, Roger A.
TITLE: Reality shock: the link between socialization and organizational commitment
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 13
WORKING_PAPER_NUMBER: 82-0401
KEYWORDS: organizational entry, expectations, socialization, turnover
OTHER_PROVENANCES: ^^
ABSTRACT: Reality shock occurs when a new employee experiences a vastly different organizational environment than was expected prior to entering the organization. AUTHORS: Farrelly, Gail E.; Wright, Gail B.
TITLE: Reporting on the annual report
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 20
WORKING_PAPER_NUMBER: 82-0402
KEYWORDS: content, comparable information, FASB, Federal Accounting Standards Board
OTHER_PROVENANCES: ^^
ABSTRACT: Annual reports provide an important source of information for investors. The SEC guidance to companies that requires "forward-looking" discussions of events is far from uniform but a constructive step in providing information. AUTHORS: Farrelly, Gail E.
TITLE: A linguistic analysis of accounting
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 17
WORKING_PAPER_NUMBER: 82-0403
KEYWORDS: ethics, protection, investors, subjectivity - objectivity, professional roles
OTHER_PROVENANCES: ^^
ABSTRACT: Examples of crucial word meanings are given that tend to obfuscate issues and may diminish the professional role of accountants. AUTHORS: Cron, Wiliam L.; Sobol, Marion G.
TITLE: The relationship between computerization and performance: a strategy for maximizing the economic benefits of computerization
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 26
WORKING_PAPER_NUMBER: 82-0600
KEYWORDS: company size, computer use, profit
OTHER_PROVENANCES: ^^
ABSTRACT: The relationship between computer use and productivity is examined to see why and how computer use interacts with productivity. Outcomes of the study suggest that there is minimal influence and that computers contribute to overhead costs substantially to the extent that larger firms accommodate the cost better. Small firms must examine computer use closely to insure efficient use. AUTHORS: Sobol, Marion G.
TITLE: Validation strategies for multiple regression analysis: a tutorial
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 18
WORKING_PAPER_NUMBER: 82-0605
KEYWORDS: mathematics, statistical analysis, validity criteria
OTHER_PROVENANCES: Sobol, Marion G. Interfaces, v.21, no. 6:106-120, November 1991.
ABSTRACT: Several means of validating the process of obtaining forecasting equations are compared. The process is shown to be more of an art than a science. AUTHORS: Peavy, John W. III; Edgar, S. Michael
TITLE: An expanded commercial paper rating scale: classification of industrial issuers
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 18
WORKING_PAPER_NUMBER: 82-0801
KEYWORDS: bonds, rating systems
OTHER_PROVENANCES: John W. Peavey(sic) and S. Michael Edgar. "A multiple discriminant analysis of BHC commercial paper ratings." Journal of Banking & Finance, v. 7, No.2, 1983: 161.
ABSTRACT: Use of financial variables is shown to be a useful method of categorizing commercial paper according to quality. Analysis reveals that bond ratings do not serve as adequate surrogates for analyzing commercial paper. AUTHORS: Barr, Richard A.; Stewart, William H.; Turner, J. Scott
TITLE: An empirical evaluation of statistical matching methodologies
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 120
WORKING_PAPER_NUMBER: 82-0804
KEYWORDS: statistical merging, distance functions, methodology, statistical analysis, microdata file merging
OTHER_PROVENANCES: ^^
ABSTRACT: Using known data, the methodologies available for microdata file merging are compared. Results indicate that various techniques work or do not work in specific circumstances. An optimal-constrined merge model with an absolute difference distance function provide the best results. AUTHORS: Levy, Michael; Ingene, Charles A.
TITLE: Residual income analysis: a method of inventory investment allocation and evaluation
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 22
WORKING_PAPER_NUMBER: 82-0805
KEYWORDS: merchandising, gross margin return on investment (GMROI), funds allocation, financial consequences
OTHER_PROVENANCES: ^^
ABSTRACT: Shortcomings of the GMROI measure are illustrated and a measure of residual income is introduced as an improvement. AUTHORS: Dunkelberg, William C.; Scott, Jonathan
TITLE: Bank structure and small business loan markets
DATE_OF_PUBLICATION: 1982
NUMBER_OF_PAGES: 55
WORKING_PAPER_NUMBER: 82-0701
KEYWORDS: local markets, statewide branching, competition, banks
OTHER_PROVENANCES: ^^
ABSTRACT: Using a survey of member firms of the National Federation of Independent Business, an analysis is conducted of bank performance and relevant characteristics. Service rating favored banks in limited branching states and rural settings. AUTHORS: Scott, Jonathan A.; Dunkelberg, William C.
TITLE: Rural versus urban bank performance: an analysis of market competition for small business loans
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 19
WORKING_PAPER_NUMBER: 83-0112
KEYWORDS: interest rates, credit availability, bank performance, deregulation
OTHER_PROVENANCES: ^^
ABSTRACT: Using data from surveys of the National Federation of Independent Business (NFIB), an analysis is made to determine the competitiveness of rural versus urb banking markets. Looking at interest rates and credit availability there appears to be no less of a competitive position among rural banks. Service performance, which is subjectively derived, seems to be greater among rural banks. AUTHORS: Charnes, A.; Cooper W.W.; Lewin, A.Y.; Morey, R.C.
TITLE: An approach to positivity and stability analysis in DEA
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 32
WORKING_PAPER_NUMBER: 83-0113
KEYWORDS: data envelopment analysis (DEA), decision making units (DMUs), linear programming, efficiency, positivity, sensitivity analysis
OTHER_PROVENANCES: ^^
ABSTRACT: A mathematical model is presented for ascertaining which decision making units are efficient or inefficient in terms of adequately utilizing inputs to produce the maximum number of outputs. AUTHORS: Peavy, John W. III; Scott, Jonathan A.
TITLE: The effect of stock-for-debt swaps on security prices
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 31
WORKING_PAPER_NUMBER: 83-0114
KEYWORDS: Bankruptcy Tax Act of 1980, capital structure changes
OTHER_PROVENANCES: Presentation at the Financial Management Association Annual Conference, Atlanta, Georgia, October 20, 1983.
ABSTRACT: Examining data for 96 firms that recapitalized from 1963 through 1976, share price performance showed a negative return for stockholders but no affect for bondholders. Any unexpected gains associated with swaps were not capitalized into share value. AUTHORS: Bettis, Richard A.; Mahajan, Vijay
TITLE: Risk/return performance of diversified firms
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 28
WORKING_PAPER_NUMBER: 83-0115
KEYWORDS: risk, accounting data, diversification, industries, management
OTHER_PROVENANCES: Bettis, Richard A. and Mahajan, Vijay. "Risk/return performance of diversified firms." Management Science, V.31,No.7:785-799, July 1985.
ABSTRACT: A risk/return taxonomy was constructed of 80 diversified firms originally used in a study by Bettis and Hall with additional firms drawn from the Fortune 500 list. Results indicate that different diversification strategies can yield relatively similar returns. Clustering the firms using a risk measure finds that the most profitable clusters were businesses that have low debt/equity financing with higher advertising and R&D expenditures. AUTHORS: Bigler, Wiliam R. Jr.; Kedia, Banwari L.
TITLE: Strategy as goals-means structure and performance: an empirical examination
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 21
WORKING_PAPER_NUMBER: 83-0116
KEYWORDS: "goal paradigm", strategy, organization performance
OTHER_PROVENANCES: ^^
ABSTRACT: Sampling of CEOs and top managers of 90 Louisiana banks is used to explore the relationship between goals and the means to accomplish those goals. Results indicate that a "main thrust" kind of goal may be identified for an organization but goals remain rather poorly related to performance. The relationship to performance may be strengthened by obtaining more precise goals and increasing the number of outcome criteria to encompass outcomes meaningful to more stakeholders. AUTHORS: Joyce, Wiliam F.; Slocum, John W. Jr.
TITLE: Collective climate: agreement as a basis for defining aggregate climates in organizations
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 34
WORKING_PAPER_NUMBER: 83-0117
KEYWORDS: psychological climate,
OTHER_PROVENANCES: ^^
ABSTRACT: Questionnaires distributed to first level supervisors in truck plants were used to study the possibility of aggregating individual perceptions of organizational climate. Multiple climates were identified within each plant and seem to be related to personal and organizational characteristics and performance variables. Further research is required to investigate the complex variables, both internal and external to the organization, that affect climate. AUTHORS: Churchill, Neil C.; Lewis, Virginia L.
TITLE: Small businesses, the economy, and high interest rates: impacts and actions taken in response
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 49
WORKING_PAPER_NUMBER: 83-0400
KEYWORDS: survey, Inc. Magazine, economic impact, interest rates, financing, loans
OTHER_PROVENANCES: ^^
ABSTRACT: A survey was conducted under the auspices of Inc. Magazine to find out how the economy and interest rates affected companies of various sizes and in various sector AUTHORS: Greynold, Elbert B.; Thomas Arthur L.
TITLE: Bonds issued between interest dates: what your textbook didn't tell you
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 32
WORKING_PAPER_NUMBER: 83-0401
KEYWORDS: bonds, interest allocation, amortization
OTHER_PROVENANCES: ^^
ABSTRACT: Inconsistencies in calculating the interest that accrues to bonds due to application of straight line allocation is investigate. The authors suggest that compound interest should be appropriately calculated to avoid paradoxical outcomes. AUTHORS: Mahajan, Vijay; Muller, Eitan; Sharma, Subhash
TITLE: An empirical comparison of awareness forecasting models of new product introduction
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 27
WORKING_PAPER_NUMBER: 83-0402
KEYWORDS: branding, customers, market share, test marketing, prediction models
OTHER_PROVENANCES: ^^
ABSTRACT: Comparison of six awareness forecasting models was accomplished using common test data sets. AUTHORS: Peavy, John W. III; Scott, Jonathan A.
TITLE: A closer look at stock-for-debt swaps
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 15
WORKING_PAPER_NUMBER: 83-0500
KEYWORDS: tax strategy, sinking fund, leverage, recapitalization
OTHER_PROVENANCES: ^^
ABSTRACT: A brief study is made of the use of swaps of bond debt for common stock. Various motivations are assessed with the rationale focusing finally on tax strategy as the primary motivation. AUTHORS: Dunkelberg, William C.; Scott, Jonathan A.
TITLE: Small business evaluates its relationship with commercial banks
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 14
WORKING_PAPER_NUMBER: 83-0501
KEYWORDS: personal contact, relationships, performance, size
OTHER_PROVENANCES: ^^
ABSTRACT: Characteristics of banks that serve small business are studied within the scope of formal studies that have been completed. Apparently larger, primarily urban, banks are less able to provide the personal contacts that small business owners want in dealing with a banking institution. AUTHORS: Dunkelberg, William C.; Scott, Jonathan A.
TITLE: Small business and the value of bank-customer relationships
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 21
WORKING_PAPER_NUMBER: 83-0502
KEYWORDS: surveys, banking, non-price services, service, business services, information services, free services
OTHER_PROVENANCES: ^^
ABSTRACT: Surveys of the membership of the National Federation of Independent Businesses were used to evaluate the auxiliary services banks provide to small business as separate services or allied to the process of providing loans. Reliability as a source of credit and a bank's knowledge of their business ranked highest as factors in favor of banking with a particular institution. It was not possible to obtain a reliable evaluation of the degree to which banks included the cost of auxiliary services in their loan rates. AUTHORS: Barry, Christopher B.; Brown, Stephen J.
TITLE: Differential information and the small firm effect
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 33
WORKING_PAPER_NUMBER: 83-0503
KEYWORDS: equilibrium asset pricing, earnings yield, firm size
OTHER_PROVENANCES: Journal of Financial Economics, Jun84, Vol. 13 Issue 2, p283, 12p, 3 charts
ABSTRACT: Starting with information from previous studies that suggest small firms produce larger returns than larger firms. This study examines the possibility that the amount of information available about the company has an influence and that the period of listing may also be a factor. Results show that "turn of the year phenomenon" does not have an effect while period of listing does account for a great deal of the size differential, but not all of it. Other information elements remain to be fully studied. AUTHORS: van Breda, Michael
TITLE: Accounting paradigms and short-term decisions: a preliminary study
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 22
WORKING_PAPER_NUMBER: 83-0504
KEYWORDS: profit centers, Abernethy and Hayes, financial control systems, short-term measures, strategic control systems, learning model, survey
OTHER_PROVENANCES: ^^
ABSTRACT: A survey was conducted of firms that were chosen based on the perception that it would be easiest to observe management and production variables. The study attempted to find what variable mattered most in measuring success within the firm. Results show that short term accounting variables are almost exclusively the measures used in American business to evaluate performance. AUTHORS: Mahajan, Vijay; Muller, Eitan; Kerin, Roger A.
TITLE: Introduction strategy for new products with positive and negative word-of-mouth
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 36
WORKING_PAPER_NUMBER: 83-0505
KEYWORDS: innovation diffusion, communications, diffusion model, advertising, timing, new products
OTHER_PROVENANCES: ^^
ABSTRACT: Basing the study on an extension of the Dodson-Muller model, the authors conduct a pilot study of motion picture attendance in order to test the predictive capability of the model. The model includes recognition of both positive and negative word-of-mouth contact as well as multiple states of the consumers. Results yield good predictability that would be useful in marketing both well-received products and poorly-received products. AUTHORS: Gray, Paul
TITLE: Initial observations from the decision room project
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 12
WORKING_PAPER_NUMBER: 83-0506
KEYWORDS: decision support systems, behavior, teleconferencing, executives
OTHER_PROVENANCES: ^^
ABSTRACT: Three scenarios for decision making were tested in a simulated environment using executive MBA students. Outcomes observed were that multiple sites enrich the decision making process, working groups were provided an immediate feed-back mechanism, local group interactions were better with the challenge of an outside group. AUTHORS: Charnes, A; Cooper, W.W.; Rousseau, J.J.; Schinnar, A.; Terleckyj, N.E.
TITLE: A goal focusing approach to analysis of intergenerational transfers of income: theoretical development and preliminary results
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 23
WORKING_PAPER_NUMBER: 83-0600
KEYWORDS: transfer payments, social security, retirement, economic policy, social policy, goal focusing
OTHER_PROVENANCES: ^^
ABSTRACT: A method for modeling the income, cash flow, and subsidies in order to provide a balanced and fair system that meets the goals for serving different age cohorts equitably. AUTHORS: Ali, A. Iqbal; Allen, Ellen P.; Barr, Richard S.
TITLE: Reoptimization procedures for bounded variable primal simplex network algorithms
DATE_OF_PUBLICATION: 1983, May
NUMBER_OF_PAGES: 19
WORKING_PAPER_NUMBER: 83-0601
KEYWORDS: reoptimization, transshipment flow network subproblems, primal simplex algorithm, spanning trees, unit cost change, upper bound change, lower bound change
OTHER_PROVENANCES: ^^
ABSTRACT: Improvements are studied for models used in reoptimizing after changes in network flow criteria are instituted. AUTHORS: Scott, Jonathan A.
TITLE: The effect of the bankruptcy reform act of 1978 on small business loan pricing
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 52
WORKING_PAPER_NUMBER: 83-0602
KEYWORDS: loan security, collateral, contract rates, personal property exemptions
OTHER_PROVENANCES: ^^
ABSTRACT: Survey data from a sample of small business loans is used to determine in what manner financial institutions might compensate for changing collateral rules. Higher contract rates are being used to compensate while frequency of turndowns and reduction of loan size do not seem to have changed. AUTHORS: Cron, William L.; Slocum, John W. Jr.
TITLE: Multiple key informants' perceptions of business environments
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 19
WORKING_PAPER_NUMBER: 83-0800
KEYWORDS: key informants, environmental scanning, social judgements
OTHER_PROVENANCES: ^^
ABSTRACT: The study validates the need for multiple informants from the breadth of the organizational structure to obtain valid information about the business environment. AUTHORS: Cron, William L.
TITLE: Predicting salesforce reactions to new territory design according to equity theory propositions
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 25
WORKING_PAPER_NUMBER: 83-0801
KEYWORDS: sales, computer-based models, marketing strategy, territory models, fairness, workloads
OTHER_PROVENANCES: ^^
ABSTRACT: This paper analyzes the various parameters that affect the design of fair sales territories. Among these parameters are the effects of age, seniority, compensation schemes, and market structure. Since human motivation plays a part, there is considerable complexity in modeling the parameters. AUTHORS: Scott, Jonathan A.; Hempel, George H.
TITLE: Bank performance in the emerging recovery: a changing risk-return environment
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 13
WORKING_PAPER_NUMBER: 83-0802
KEYWORDS: loan rates, interest rates, competition, money market deposit accounts (MMDA), bankruptcy
OTHER_PROVENANCES: ^^
ABSTRACT: The authors argue that loan rates lag behind prime rate during economic recovery and never reach the low limits that might otherwise occur due to changes in the regulatory and market environment. The changes referred to specifically include competition between market components, changes in bankruptcy law, and the introduction of new financial instruments such as money market deposit accounts. AUTHORS: Mahajan, Vijay; Wind, Yoram
TITLE: Business synergy and profitability
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 18
WORKING_PAPER_NUMBER: 83-0803
KEYWORDS: strategic business units, synergy, profitability, business structure, integration, survey, organization
OTHER_PROVENANCES: ^^
ABSTRACT: The authors use a survey of six types of industry to discern the synergy in sales, operations, investments, and management between the multiple strategic business units encompassed by the organization. Results vary by industry, and the authors conclude that synergy is often given too little attention in strategic planning analysis. AUTHORS: Fershtman, Chaim; Mahajan, Vijay; Muller, Eitan
TITLE: Advertising, pricing and stability in oligopolistic markets for new products
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 31
WORKING_PAPER_NUMBER: 83-0804
KEYWORDS: collusion, interdependence, non-price competition, goodwill, Nerlove-Arrow capital accumulation equation, Nash equilibrium, marketing strategy, competitive behavior, coordination, game theory
OTHER_PROVENANCES: ^^
ABSTRACT: Models of market strategy are examined to determine the effect a firm's goodwill might have on the introduction of new products. Modeling is based on assumptions that products are essentially non-durable, that goodwill is generated by advertising, and production costs are the same, and that firms are generally equal in discounting profits and have similar objectives. AUTHORS: Wallace, Wanda A.
TITLE: How have the professional standards influenced practice?
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 17
WORKING_PAPER_NUMBER: 83-0805
KEYWORDS: internal auditing, Institute of Internal Auditors, 1978, audit fees, internal audit, external audit
OTHER_PROVENANCES: ^^
ABSTRACT: Audit performance has improved steadily, largely attributable to the new standards, although definite room for improvement exists. Areas for improvement include exchanging audit reports between internal and external auditors, the use of audit programs and the use of statistical sampling. AUTHORS: Wallace, Wanda A.
TITLE: What attributes of an internal auditing department significantly increase the probability of external auditors relying on the internal audit department
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 17
WORKING_PAPER_NUMBER: 83-0806
KEYWORDS: internal auditors, practices and procedures, reliance
OTHER_PROVENANCES: ^^
ABSTRACT: Utilizing data from 117 companies, it was possible to ascertain that external auditor reliance on internal auditing outcomes is influenced greatly by the allocation of man-hours to internal audit activities and to a lesser extent by the magnitude of the firm's investment in the internal audit function. AUTHORS: van Breda, Michael F.
TITLE: Bulding bridges in Rotary
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 9
WORKING_PAPER_NUMBER: 83-0807
KEYWORDS: Rotary International, organizational structure, service organizations, communication
OTHER_PROVENANCES: ^^
ABSTRACT: The author demonstrates,through organizational changes in a not-for-profit organization, how matrix organization practices can change the perspective and operational efficiency of an organization. AUTHORS: van Breda, Michael F.
TITLE: A new approach to variance analysis
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 15
WORKING_PAPER_NUMBER: 83-0808
KEYWORDS: indices, economic measures, performance, Laspeyres index, Paasche Index
OTHER_PROVENANCES: ^^
ABSTRACT: Use of indexes is demonstrated as a tool for analyzing the effects of cost changes. Indexes provide the ability to compare costs for different product lines and with other firms. AUTHORS: Levy, Michael; Ingene, Charles A.
TITLE: Residual income analysis: a method of inventory investment allocation and evaluation
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 31
WORKING_PAPER_NUMBER: 83-0809
KEYWORDS: residual income analysis (RIA), gross margin return on investment (GMROI), merchandising
OTHER_PROVENANCES: Journal of Marketing, Spring 1984
ABSTRACT: Weakness in the GMROI measure, particularly in leading to poor short term investment decisions, leads to a consideration of RIA as a measure that can account for other variables such as inventory carrying costs. AUTHORS: Chen, Andrew H.
TITLE: Taxes, insurance, and corporate pension policy
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 25
WORKING_PAPER_NUMBER: 83-0810
KEYWORDS: Employee Retirement Income Security Act (ERISA), regulation, corporate assets, contingent-claim analysis
OTHER_PROVENANCES: ^^
ABSTRACT: ERISA connects retirement plan value to general corporate financial decision making and outcomes. The complex interaction between retirement plan regulations, taxation, and corporate finance is not well understood by stakeholders and particularly by beneficiaries. AUTHORS: Chen, Andrew H.; Sanger, Gary C.
TITLE: An analysis of the impact of regulatory change: the case of natural gas deregulation
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 28
WORKING_PAPER_NUMBER: 83-0811
KEYWORDS: Natural Gas Policy Act (NGPA), utility companies, natural gas industry, deregulation, common stocks
OTHER_PROVENANCES: ^^
ABSTRACT: The study of risk as evidenced by changes in common stock values does not provide evidence of an advantage to either the natural gas industry or to consumers resulting from deregulation. AUTHORS: Barr, Richard S.; Farhangian, Keyvan; Kennington, Jeff L.
TITLE: Networks with side constraints: an LU factorization update
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 55
WORKING_PAPER_NUMBER: 83-0900
KEYWORDS: mathematical programming models, network problem,
OTHER_PROVENANCES: ^^
ABSTRACT: Increased speed with minimal storage requirements are obtained by improving the means of calculating the network problem. AUTHORS: Kerr, Jeffrey L.
TITLE: Diversification strategies and managerial rewards: an empirical study
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 32
WORKING_PAPER_NUMBER: 83-0901
KEYWORDS: reward system design, corporate management, corporate strategy, performance measures
OTHER_PROVENANCES: ^^
ABSTRACT: There is a relationship between reward system design and the firm's growth and diversification strategy. AUTHORS: Green, Paul E.; Mahajan, Vijay; Goldberg, Stephen M.; Kedia, Pradeep K.
TITLE: A decision support system for developing retail promotional strategy
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 55
WORKING_PAPER_NUMBER: 83-0902
KEYWORDS: marketing, customers, benefit advertising, BENEMAX, consumer surveys
OTHER_PROVENANCES: ^^
ABSTRACT: A technique is developed that allows analysis of problems where consumers must pick or rank multiple outcomes to make choices for retail products or services. AUTHORS: Aronson, Jay E.; Aronofsky, Julius S.
TITLE: Network generating models for equipment replacement
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 30
WORKING_PAPER_NUMBER: 83-0903
KEYWORDS: Interactive Financial Planning System (IFPS), Dijkstra shortest path labeling algorithm, operation cost, maintenance cost, salvage
OTHER_PROVENANCES: ^^
ABSTRACT: Optimum timing for replacement of equipment is modeled to provide decision makers with data that can be coupled to critical path decision making. AUTHORS: Barry, Christopher B.; Brown, Stephen J.
TITLE: Differential information and security market equilibrium
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 22
WORKING_PAPER_NUMBER: 83-0904
KEYWORDS: equilibrium asset pricing, financial returns, relative information, period of listing, Capital Asset Pricing Model (CAPM)
OTHER_PROVENANCES: Journal of Financial & Quantitative Analysis, Dec85, Vol. 20 Issue 4, p407, 16p.
ABSTRACT: The authors model the situation where the amount of information about each of several securities varies. Increased information leads to lower risk and less divergent opinions on the part of observers. AUTHORS: Aornofsky, Julius S.
TITLE: Optimization methods in oil and gas development
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 36
WORKING_PAPER_NUMBER: 83-0905
KEYWORDS: economic analysis, engineering analysis, linear programming, reservoir development, very large reservoir simulator (VLRS), well locations
OTHER_PROVENANCES: ^^
ABSTRACT: Approaches to optimizing reservoir development are discussed with a view to creating models that usefully balance economic and engineering objectives. AUTHORS: Farrelly, Gail E.: Sobol, Marion G.
TITLE: Benefits and costs of disclosing capital investment plans in corporate annual reports
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 24
WORKING_PAPER_NUMBER: 83-0906
KEYWORDS: survey, disclosure, investors, financial reports, future-oriented information
OTHER_PROVENANCES: ^^
ABSTRACT: A survey of Fortune 500 firms is conducted to ascertain the pros and cons of requiring disclosure of future capital investment plans. While respondents generally feel it to be unwise in terms of causing "undue reliance" on such data by investors, the authors conclude that by posing such data in easily digestible form such disclosure will ultimately lead to a better allocation of resources in the economy. AUTHORS: Hite, Gailen L.; Owers, James E.
TITLE: Security price reactions around corporate spin-off announcements
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 40
WORKING_PAPER_NUMBER: 83-0907
KEYWORDS: stock prices, divestitures, market value
OTHER_PROVENANCES: ^^
ABSTRACT: Significant excess returns are experienced by firms that attribute spin-off to specialization in operations or facilitation of a merger. Where the rational is legal/regulatory difficulties a much less clear advantage is apparent. Immediate stock price reactions to spin off announcements is pronounced but may be mitigated in the longer overall process. AUTHORS: Bres, E.; Charnes, A.; Eckels, D. Cole; Hitt, S.; Lyders, R.; Rousseau, J.; Russell, K.; Schoeman, M.
TITLE: Costs and their assessment to users of a medical library: recovering costs from service usage
DATE_OF_PUBLICATION: 1983
NUMBER_OF_PAGES: 23
WORKING_PAPER_NUMBER: 83-0908
KEYWORDS: fees, cost recovery, service institutions
OTHER_PROVENANCES: ^^
ABSTRACT: An attempt is made at providing a mathematical model for distribution of costs to various library user groups. There is no understanding of the cost basis for library collections and support tasks and as a result modeling is limited to analysis of service delivery. No reference is made to the extensive published literature of library science. AUTHORS: Goodman, David A.; Peavy, John W. III
TITLE: The low price effect: relationship with other stock market anomalies
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 30
WORKING_PAPER_NUMBER: 84-0100
KEYWORDS: capital asset pricing model (CAPM), capital markets, securities returns
OTHER_PROVENANCES: ^^
ABSTRACT: Research into high earnings' yield, small size companies with low price securities reveals that the CAPM expectation of a direct link between expected return and riskiness is inaccurate. Some risk factor seems to be missing. AUTHORS: Goodman, David A.; Peavy, John W.
TITLE: The risk universal nature of the price-earnings anomaly
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 18
WORKING_PAPER_NUMBER: 84-0101
KEYWORDS: low risk portfolios, capital asset pricing model (CAPM), modern portfolio theory (MPT)
OTHER_PROVENANCES: ^^
ABSTRACT: Findings reveal that low price-earnings securities provide positive excess returns at any given risk level. This finding suggests that either the CAPM model is incomplete or that there is a market inefficiency. AUTHORS: Slocum, John W. Jr.; Cron, William L.; Hansen, Richard W.; Rawlings, Sallie
TITLE: Business strategy and the management of the plateaued performer
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 33
WORKING_PAPER_NUMBER: 84-0102
KEYWORDS: salespersons, business strategy, performance, workforce demography
OTHER_PROVENANCES: Portions presented at the 43rd Annaual Meeting of the Academy of Management, Dallas, TX, August 1983.
ABSTRACT: Tentative conclusions based on analysis of two similar companies suggest that a low growth company has a greater propensity to have plateaued performers. Categorization of staff into four categories needs to be refined and further study done to ascertain reasons for mobility and performance parameters. AUTHORS: Lam, Chun H.; Karwan, Kirk R.
TITLE: Financial planning for savings and loan institutions -- a new challenge
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 30
WORKING_PAPER_NUMBER: 84-0103
KEYWORDS: regulation, reforms, strategic financial planning, balance sheet
OTHER_PROVENANCES: ^^
ABSTRACT: A linear programming model is suggested to assist managers of savings and loan institutions in making the complex decisions needed in a relatively deregulated and less stable environment. AUTHORS: Scott, Jonathan A.; Hempel, George H.
TITLE: Bank performance as the economy rebounds
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 14
WORKING_PAPER_NUMBER: 84-0104
KEYWORDS: economic recovery, loan rates, money market deposit accounts (MMDAs), Super-Now accounts, risks, reintermediation, banks
OTHER_PROVENANCES: ^^
ABSTRACT: A new bank environment caused by changing government regulation and newly introduced financial instruments causes bank return rates to be substantially lower than in previous economic recoveries. Bank strategy may involve assuming increased risk. AUTHORS: Barry, Christopher B.; Starks, Laura T.
TITLE: The optimality of multiple investment managers: numerical examples
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 7
WORKING_PAPER_NUMBER: 84-0105
KEYWORDS:
OTHER_PROVENANCES: ^^
ABSTRACT: This brief note provides numerical examples to support assertions in a previous published paper produced in 1983. (the paper is: "Investment Management and Risk Sharing with Multiple Managers", Journal of Finance, Jun84, Vol. 39 Issue 2, p477, 15p) AUTHORS: Achabal, Dale D.; Mahajan, Vijay; Schilling, David A.
TITLE: Slop: a strategic multiple store location model for a dynamic environment
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 22
WORKING_PAPER_NUMBER: 84-0110
KEYWORDS: optimal network of stores, marketing, store location, demand
OTHER_PROVENANCES: ^^
ABSTRACT: A model is provided that allows optimum choice of store location in the present and in the future. Choice of location is based on optimum location that will work with the best present scenario and the best future scenario. Basis for the model is market demand data from consumer surveys and sales performance data. AUTHORS: Churchill, N. C.; van Breda, M. F.
TITLE: Standards overload and differential reporting
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 15
WORKING_PAPER_NUMBER: 84-0111
KEYWORDS: FASB, small business, private business, reporting, AICPA, FERF, measurement, disclosure, attestation
OTHER_PROVENANCES: ^^
ABSTRACT: This paper suggests that a framework based upon distance between producers and consumers or information plus relative importance of information to local and distance groups, may be used to devise multiple but unique reporting schemes that minimize the overall burder of reporting. AUTHORS: Mahajan, Vijay; Peterson, Robert A.
TITLE: Innovation diffusion: models and applications
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 97
WORKING_PAPER_NUMBER: 84-0112
KEYWORDS: diffusion of innovation, communication, sigmoid curve, Von Bertalanffy
OTHER_PROVENANCES: Models for Innovation Diffusion, Sage Publications, Beverly Hills, California, 1985.
ABSTRACT: This is a review of the various models of diffusion of innovation which may be used to describe, to develop normative judgements, and to forecast. Points at which the models are similar is investigated in detail and suggestions made about where a synthesis and new research is needed to provide a comprehensive model and thorough theoretical understanding which would allow appropriate means of employing the model. AUTHORS: Kerin, Roger A.; Varaiya, Nikhil^^
TITLE: Mergers and acquisitions in retailing: a review and critical analysis
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 36
WORKING_PAPER_NUMBER: 84-0113
KEYWORDS: net worth, foreign corporations, acquisitions, combinations, assets, stock, horizontal mergers, vertical mergers, conglomerate mergers, valuation, strategy
OTHER_PROVENANCES: ^^
ABSTRACT: A characterization of recent merger activity with an empirical analysis of some characteristics provides a basis for understanding the principal reasons for mergers and a means of assessing the outcomes. Finding highlight that mergers benefit management more than shareholders. Areas for further research are highlighted. AUTHORS: Aronson, Jay E.; Aronofsky, Julius S.
TITLE: Use of financial planning languages for the optimization of generated networks for equipment replacement
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 25
WORKING_PAPER_NUMBER: 84-0201
KEYWORDS: programming, computer software, modeling language, interactive financial planning system (IFPS), decision support system, longest path optimization problems
OTHER_PROVENANCES: ^^
ABSTRACT: This is an exploration of using a financial planning language to model problems in contrast to using a computer programming language. A demonstration is done for analyzing equipment replacement cycles. AUTHORS: Brueggeman, W.B.; Chen, A.H.; Thibodeau, T.G.
TITLE: Real estate investment funds: performance and portfolio considerations
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 33
WORKING_PAPER_NUMBER: 84-0300
KEYWORDS: investment, inflation hedging, diversification, comingled real estate funds (CREF)
OTHER_PROVENANCES: ^^
ABSTRACT: A study of two of the oldest CREFs is performed to asses the contributions that real estate funds may play in a diversified portfolio. Results show that CREFs outperform stocks and bonds and contribute to portfolio diversification. AUTHORS: Chen, Andrew H.; Kensinger, John W.
TITLE: A new wrinkle in corporate finance: leveraged preferred financing
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 9
WORKING_PAPER_NUMBER: 84-0301
KEYWORDS: capital funds, tax benefits
OTHER_PROVENANCES: ^^
ABSTRACT: Leveraged preferred financing is briefly examined as an ideal way to accrue tax advantages. AUTHORS: Barry, Thomas E.; Gilly, Mary C.; Doran, Lindley E.
TITLE: Reaching the changing woman consumer: an experiment in advertising
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 29
WORKING_PAPER_NUMBER: 84-0400
KEYWORDS: women, marketing, advertising, demography, gender, market segmentation, Eyde's Desire to Work scale
OTHER_PROVENANCES: ^^
ABSTRACT: Questioning whether women can be distinguished into different market segments based on their desire to work, the authors sample women who have different demographic characteristics. Results show that the desire to work sclae can effectively segment the market.Blurring between categories may be studied to further delineate factors that can contribute to segmentation. ** AUTHORS: Sobol, Marion G.; Farrelly, Gail E.
TITLE: Forecasting, reporting, and coping with systematic risk
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 25
WORKING_PAPER_NUMBER: 84-0401
KEYWORDS: investment, risk, reporting
OTHER_PROVENANCES: ^^
ABSTRACT: A questionnaire is used to obtain an assessment of future risk from 500 financial executives. In general there is a rejection of providing future-oriented information in financial reporting. AUTHORS: Barry, Christopher B.; Starks, Laura T.
TITLE: Managerial incentives in portfolio management: a new motive for the use of multiple managers
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 18
WORKING_PAPER_NUMBER: 84-0402
KEYWORDS: specialization, diversification, skills, risk-sharing, risk-taking, management cost
OTHER_PROVENANCES: ^^
ABSTRACT: Optimization of portfolio management is examined with numerical examples. Conditions under which multiple portfolio managers would be beneficial are discerned. AUTHORS: Bigler, William R.
TITLE: Understanding synergy: a conceptual and empirical research proposal
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 18
WORKING_PAPER_NUMBER: 84-0600
KEYWORDS: measurement, management, organization design, diversification, strategy, mergers, acquisitions, relatedness, screening criteria
OTHER_PROVENANCES: ^^
ABSTRACT: Benefits of mergers and acquisitions can be understood as the result of synergy if the concept of synergy can be defined both theoretically and practically. Synergy has value in financial, marketing, and managerial terms and seems to best be understood from discerning how subsystems within one organization benefit from integration or association with similar components from another organization. AUTHORS: Bigler, William R. Jr.
TITLE: Managing for uniqueness: some distinctions for strategy
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 16
WORKING_PAPER_NUMBER: 84-0601
KEYWORDS: strategy, comparative advantage, key success criteria, distinctive competence, distinctive image, strategic group
OTHER_PROVENANCES: ^^
ABSTRACT: Five factors that define uniqueness for a firm are reduced to three: comparative advantage, key success criteria, and strategic group factors shared by the industry. This positions the management team to analyze those factors that they can control or influence to position the firm within the framework supplied by the shared industry factors. AUTHORS: Bettis, Richard A.; Mahajan, Vijay
TITLE: Firm performance measurement using trend, cyclical, and stochastic components
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 39
WORKING_PAPER_NUMBER: 84-0602
KEYWORDS: comparative studies, analysis, uncertainty
OTHER_PROVENANCES: ^^
ABSTRACT: A "trend, cyclical, stochastic" approach or TCS is proposed as a means of factoring uncertainty into the measuring a firm's performance in comparison with others in the industry. The TCS process is able to analyze trends in environmental variables as an aid to analyzing the the relationships between environment and the organization. AUTHORS: Churchill, Neil C.; Lewis, Virginia L.
TITLE: Small business bank lending: both sides are winners
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 21
WORKING_PAPER_NUMBER: 84-0603
KEYWORDS: bank holding companies, deregulation, credit financing, small business
OTHER_PROVENANCES: ^^
ABSTRACT: An examination is made of the conventional wisdom that small buiness loans are riskier and consequently bear a higher interest rate than large business. Results indicte that the conventional wisdom is accurate but also that small business loans are more profitable for the bank. AUTHORS: Bettis, Richard A.; Chen, Andrew; Mahajan, Vijay
TITLE: Assessing the impact of market interventions on firm's performance
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 16
WORKING_PAPER_NUMBER: 84-0700
KEYWORDS: advertising, marketing, regulatory impact, market disturbances, time-event analysis
OTHER_PROVENANCES: ^^
ABSTRACT: Using the measureable impact of the American Dental Association endoresement of Crest, the impact on security prices of Procter and Gamble is assessed. Results indicate that the market intervention has impact both on market share and security prices. AUTHORS: Lam, Chun H.; Chen, Andrew H.
TITLE: Optimal credit and pricing policy under uncertainty: a contingent-claims approach
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 23
WORKING_PAPER_NUMBER: 84-0701
KEYWORDS: accounts receivable, default risk, credit decisions
OTHER_PROVENANCES: ^^
ABSTRACT: This article undertakes an exploration and modeling of the relationship between credit decisions and pricing policy. Considering both in the same model insures that they can both be optimized. AUTHORS: Vandell, Kerry D.
TITLE: On the assessment of default risk in commercial mortgage lending
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 46
WORKING_PAPER_NUMBER: 84-0702
KEYWORDS: ratio analysis, underwriting, inconsistency, credit scoring, property types, market types, borrower types, loan characteristics
OTHER_PROVENANCES: ^^
ABSTRACT: A model is developed, based on the literature and experience with both commercial and residential mortgages, that takes into account characteristics of the property, the borrower, and the instrument. Deficiencies and inconsistencies in existing rules-of- thumb are demonstrated. AUTHORS: Peiser, Richard B.
TITLE: Density and urban sprawl
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 19
WORKING_PAPER_NUMBER: 84-0800
KEYWORDS: real estate, market, public policy, development
OTHER_PROVENANCES: ^^
ABSTRACT: An analysis of the ingredients that regulate urban growth patterns suggests that unrestricted "urban sprawl" may be a contributor the later development of higher density development. Governmental intervention in the form or planning, zoning, and licensing may spoil natural growth patterns. Constraining variables such as transportation and utility expansion are cataloged. No consideration is made of social values that favor particular urban densities. AUTHORS: Farrelly, Gail E.; van Breda, Michael F.
TITLE: Analyzing the language of finance: the case of assessing risk
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 21
WORKING_PAPER_NUMBER: 84-0801
KEYWORDS: content analysis, language, annual reports
OTHER_PROVENANCES: ^^
ABSTRACT: Analysis of the finanacial reports of the 50 largest banks and comparison with data in Value Line Investment Survey was undertaken to determine the relationship between numerical data and textual data. Conclusions report that there is a relationship and one that may be useful in at least short range prediction of actual financial returns. AUTHORS: Lam, Chun H.; Chen, Andrew H.
TITLE: Joint effects of interest rate deregulation and capital requirement on optimal bank portfolio adjustments
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 29
WORKING_PAPER_NUMBER: 84-0802
KEYWORDS: regulation, capital markets, internal risk, external risk
OTHER_PROVENANCES: ^^
ABSTRACT: A model is developed that investigates the pressures imposed on banks by deregulation of interest rate ceilings. The model makes it clear that there is increased complexity caused by responding to both asset risk and deposit rate risk. AUTHORS: Slocum, John W. Jr.; Cron, William L.
TITLE: Job attitudes and performance during three career stages
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 38
WORKING_PAPER_NUMBER: 84-0803
KEYWORDS: salespersons, instrument, behavior, work attitudes, job tenure
OTHER_PROVENANCES: Journal of Vocational Behavior
ABSTRACT: A survey of salespeople from seven companies with subsequent multivariate analysis was used to investigate the many variables that can contribute to work attitudes and behaviors as they relate to career stages. Measurement problems remain in defining what individual persons regard as "success", where and why behaviors change, and how perceived failure may affect behavior. AUTHORS: Peavy, John W. III; Scott, Jonathan A.
TITLE: Rating a new industry and its effect on bond returns: the case of the AT&T divestiture
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 22
WORKING_PAPER_NUMBER: 84-0900
KEYWORDS: bond ratings, local exchange companies (LECs), returns, subsidiaries, Moody's, S&P
OTHER_PROVENANCES: ^^
ABSTRACT: Apparently the major bond rating agencies viewed the risk resulting from the break-up of AT&T very differently. Analysis reveals that information about lowered ratings had minimal effect when announced, suggesting that the market had already assimilated the information prior to the formal announcement. AUTHORS: Mahajan, Vijay; Muller, Eitan
TITLE: Advertising pulsing policies for generating awareness for new products
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 36
WORKING_PAPER_NUMBER: 84-0901
KEYWORDS: budget,
OTHER_PROVENANCES: ^^
ABSTRACT: A model is presented that provides an assessment of impact for differing schedules of advertising delivery. AUTHORS: Ireland, Duane R.; Hitt, Michael A.; Bettis, Richard A.
TITLE: Managerial perceptions and the normative model of strategy formulation
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 45
WORKING_PAPER_NUMBER: 84-0902
KEYWORDS: strengths, weaknesses, opportunities, threats, perceived environmental uncertainty (PEU), environment
OTHER_PROVENANCES: ^^
ABSTRACT: A group of 56 managers of varying hierarchical rank were given 30 simulated cases to analyze. Perceptual and objective factors were included in the cases to allow analysis of the factors that were used to assess the cases. Results provide evidence that assessment of the firm and its environment varies as a function of organizational level. AUTHORS: Chen Andrew H.; Chen, K.C.; Sears, R. Stephen
TITLE: The value of loan guarantees: the case of Chrysler corporation
DATE_OF_PUBLICATION: 1984
NUMBER_OF_PAGES: 27
WORKING_PAPER_NUMBER: 84-0903
KEYWORDS: firm valuation, financial distress, bankruptcy, government intervention, bailouts
OTHER_PROVENANCES: ^^
ABSTRACT: The impact of firm valuation and impact on equity and debt securities are analyzed to assess the value of federal loan guarantees. AUTHORS: Cron, William L.; Slocum, John W. Jr.
TITLE: A career stages approach to managing the sales force
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 23
WORKING_PAPER_NUMBER: 85-0100
KEYWORDS: adult development, job attitudes, behavior, productivity, motivation, career concerns inventory-adult form
OTHER_PROVENANCES: ^^
ABSTRACT: Summarizing the sampling of 220 salespeople, motivation is examined in relation to the career stages employees view themselves as identifying with. Several suggestions are made for detecting and motivating salespeople who are disengaging from the workplace. AUTHORS: Klein, Gary; Moskowitz, Herbert; Mahesh, Sathiadev; Ravindran, A.
TITLE: Assessment of multi-attributed measurable value and utility functions via mathematical programming
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 26
WORKING_PAPER_NUMBER: 85-0110
KEYWORDS: decision analysis, multi-attribute utility function (MAUF), modeling, scaling constants
OTHER_PROVENANCES: ^^
ABSTRACT: Mathematical programs are reported that aid in determining mult-attribute value functions from which can be derived multi-attribute utility functions. The objective is to shorten the interview time needed to develop MAUFs and to increase consistency. The authors suggest that such routines may be embedded in decision software. AUTHORS: Klein, Gary; Beck, Philip O.; Konsynski, Benn
TITLE: Computer aided process structuring via mixed integer programming
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 25
WORKING_PAPER_NUMBER: 85-0111
KEYWORDS: computer-aided design, process structure, program module specification, PLEXSYS
OTHER_PROVENANCES: ^^
ABSTRACT: A method is suggested for developing a hierarchy chart to aid in defining the relationship of needed modules to support a particular software application. AUTHORS: Kerr, Jeffrey; Bettis, Richard A.
TITLE: The board of directors, top management compensation, and shareholder returns
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 28
WORKING_PAPER_NUMBER: 85-0112
KEYWORDS: time-event methodology, exhorbitant overpayment, chief executives, corporate governance, earnings per share
OTHER_PROVENANCES: ^^
ABSTRACT: Examination of the relationship of executive compensation to shareholders returns reveals no influence. Tentative explanations are suggested. AUTHORS: Mahajan, Vijay; Mason, Charlotte; Srinivasan, V.
TITLE: An evaluation of estimation procedures for new product diffusion models
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 39
WORKING_PAPER_NUMBER: 85-0113
KEYWORDS: first-purchase sales growth, interpersonal communication
OTHER_PROVENANCES: Innovation Diffusion Models of New Product Acceptance, Vijay Mahajan and Yoram Wind, (editors), Cambridge, Mass.: Ballinger Publishing Co. 1986, Chapter 7.
ABSTRACT: A comparison of estimation models, including least squares, maximum likelihood estimation, nonlinear least squeares, and algebraic estimation, is applied to assessing initial and subsequent product diffusion data. AUTHORS: Smith, Terence C.
TITLE: The impact of variable levies: a discussion of the costs and benefits of the European Community's common agricultural policy
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 10
WORKING_PAPER_NUMBER: 85-0114
KEYWORDS: competition, Treaty of Rome, levy system
OTHER_PROVENANCES: Forthcoming in The European Community's 25th Anniversary Publicatioon on Future World Order, Edited by J. Norton, SMU Press: Dallas, TX.
ABSTRACT: A critical analysis of the common agricultural policy (CAP) suggests that the detrimental effects far outweigh the benefits and have created problems such as wage inequities and high prices. Future planning must encompass remedying these problems while retaining beneficial market stability. AUTHORS: Scott, Jonathan A.; Smith, Terence C.
TITLE: The effect of the bankruptcy reform act of 1978 on small business loan pricing
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 35
WORKING_PAPER_NUMBER: 85-0115
KEYWORDS: Bankruptcy Reform Act of 1978, rates of interest
OTHER_PROVENANCES: ^^
ABSTRACT: Data is presented that the new bankruptcy law influences higher contract rates of interest due to increased costs in dealing with the bankruptcy process. The data was obtained from two national surveys of members of the National Federation of Independent Business. AUTHORS: Bigler, William R.
TITLE: The strategy-structure linkage: conceptual, methodological and measurement issues
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 14
WORKING_PAPER_NUMBER: 85-0116
KEYWORDS: causal links, organizational structure, components
OTHER_PROVENANCES: ^^
ABSTRACT: This note provides a conceptual overview of the relationship between organizational strategy and organizational structure. Information pathways and distances are highlighted as the key element that may be measured to obtain criteria that link strategy and structure. AUTHORS: Bigler, Wiliam R. Jr.
TITLE: A review of the framework oriented literature on culture and a proposed integration
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 18
WORKING_PAPER_NUMBER: 85-0117
KEYWORDS: corporate culture, organizational behavior
OTHER_PROVENANCES: ^^
ABSTRACT: An overview of concepts that may be developed for further detailed understanding and measurement of culture. AUTHORS: Bigler, William R. Jr.
TITLE: The strategy-culture linkage: a procedural guide
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 21
WORKING_PAPER_NUMBER: 85-0118
KEYWORDS: change program, ideal culture,
OTHER_PROVENANCES: ^^
ABSTRACT: A scheme is proposed for analyzing the fit between culture and strategy in order to tailor a change program that will obtain a better congruence. AUTHORS: Bigler, William R. Jr.
TITLE: Toward a theory of business level strategy research
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 16
WORKING_PAPER_NUMBER: 85-0119
KEYWORDS: strategic management, theory, practice
OTHER_PROVENANCES: ^^
ABSTRACT: An outline of the relationship between theory and practice in the area of strategic management is explored. AUTHORS: Cron, William L.; Slocum, John W. Jr.
TITLE: The influence of career stages on salespeople's job attitudes, work perceptions and performance
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 33
WORKING_PAPER_NUMBER: 85-0120
KEYWORDS: psychological needs, sociological needs,
OTHER_PROVENANCES: ^^
ABSTRACT: A group of 466 salespeople from 6 companies were studied to discern the differences in needs that might influence work attitudes and performance. Participants were studied by four career stages, "exploration", "establishment", "maintenance", and "disengagement". General support for the theory was found. AUTHORS: Chen, Andrew H.;Park, Hun Y.; Wei, John K.
TITLE: Stochastic duration and dynamic measure of risk in financial futures
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 25
WORKING_PAPER_NUMBER: 85-0121
KEYWORDS: securities, derivatives, interest sensitivity, risk measures, hedges, immunization strategy
OTHER_PROVENANCES: ^^
ABSTRACT: Stochastic duration is examined a general measure of risk for use in assessing financial futures. AUTHORS: Srivastava, Rajendra K.; Mahajan, Vijay; Ramaswami, Sridhar N.; Cherian, Joseph
TITLE: A multi-attribute diffusion model for forecasting the adoption of investment alternatives for consumers
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 18
WORKING_PAPER_NUMBER: 85-0200
KEYWORDS: perceptions, new product, epidemiological model
OTHER_PROVENANCES: ^^
ABSTRACT: A model is presented for assessing the rate of adoption for new investment products. AUTHORS: Klein, Gary; Moskowitz, H.; Ravindran A.
TITLE: Prior versus progressive articulation of preference in bicriterion optimization
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 32
WORKING_PAPER_NUMBER: 85-0201
KEYWORDS: multiple criteria problems, paired comparison method (PCM), prior articulation
OTHER_PROVENANCES: ^^
ABSTRACT: An investigation is conducted to compare two preference functions. The relative ease of use made the paired comparison method (CM)one preferred by the survey participants because it required less time, easier questions are asked and better solutions produced. PCM was not judged better at providing insight. The investigators caution that the process still needs to be tailored to the decision maker and may require other measures for validation. AUTHORS: Klein, Gary; Beck, Philip O.
TITLE: A formal interactive decision aid for choosing software or hardware
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 18
WORKING_PAPER_NUMBER: 85-0202
KEYWORDS: multiple criteria, decision aids, value functions, integer programming
OTHER_PROVENANCES: ^^
ABSTRACT: A method is presented that aids in assessing multiple criteria problems that contain descriptive attributes. This method allows the decision maker a simpler method for assessing qualitative criteria. AUTHORS: Kerr, Jeffrey; Slocum, John W. Jr.
TITLE: Linking reward systems and organizational cultures
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 29
WORKING_PAPER_NUMBER: 85-0203
KEYWORDS: corporate culture, types, values, norms, acculturation
OTHER_PROVENANCES: ^^
ABSTRACT: A total of 14 companies of varying size were contacted and 75 managers selected by the human resources department were interviewed to obtain data about both reward systems and the organization's culture. Variables including salaries, promotions, andrecruitment, were investigated. Results were grouped into two types of culture, the clan culture and the market culture. Both are characterized with respect to organizational environment and values. AUTHORS: Chen, Andrew; Kensinger, John W.
TITLE: Financing innovations: tax-deductible equity
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 14
WORKING_PAPER_NUMBER: 85-0204
KEYWORDS: leveraged instruments, taxation, equity financing, regulation, Tax Reform Act of 1984, employee stock ownership plans (ESOPs)
OTHER_PROVENANCES: ^^
ABSTRACT: A commentary and narrative analysis is provided that poses the likelihood that regulatory efforts often spawn an opportunity for the advent of new financial instruments at the same time that old forms are regulated out of existence. AUTHORS: Peavy, John W. III; Hempel, George H.; Scott, Jonathan A.
TITLE: The effect of the WPPSS crisis on the tax-exempt bond market
DATE_OF_PUBLICATION: 1985
NUMBER_OF_PAGES: 31
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