To save content items to your account,
please confirm that you agree to abide by our usage policies.
If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account.
Find out more about saving content to .
To save content items to your Kindle, first ensure no-reply@cambridge.org
is added to your Approved Personal Document E-mail List under your Personal Document Settings
on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part
of your Kindle email address below.
Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations.
‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi.
‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Recently, the role of abortion access in the workplace and the field of I-O psychology has been highlighted, but little published research explicitly tackles the impacts of abortion care from an organizational psychology perspective. We examine the potential impacts of further restrictions on abortion access within the context of people’s relationships with employment and workplaces. We focus our discussion on three significant mechanisms that may further restrict access to abortion depending on the degree to which they are enforced or enacted: restriction of abortion medication and equipment shipping, limiting federal funding for organizations that facilitate abortion access, and fetal personhood laws. Further restriction of abortion access may create significant challenges for organizational decision makers, employees, and healthcare workers. Together, these changes to the experience of work necessitate shifts in research and practice within the field of I-O psychology. I-O researchers and practitioners must work together to facilitate organizational functioning and employee well-being through these changes by becoming and staying informed about organizational benefit policies and reproductive care-related practices and their impact on employees, employee career trajectories and distress related to unwanted pregnancy, and moral injury and other challenges faced by healthcare workers.
The title of this book may seem to confuse two separate disciplines - finance and macroeconomics. However, it is based on the fact that finance and macroeconomics were integrated, at least in their formative years. It is a natural extension of a line of research that dominated monetary theory in the early part of the twentieth century. Economists such as Keynes, Robertson, Hawtrey, Fisher, Hayek, and Schumpeter sought to blend the analysis of business cycles with their (often first-hand) experience of money and financial markets. The result was a monetary theory that provided the fertile background to what came to be called macroeconomics. However, in the post-war period, the monetary aspects of this theory dropped out of sight in the neo-classical synthesis and hydraulic Keynesianism. Post-Keynesians such as Davidson and Minsky have done much to try to restore the monetary aspects of the theory, but the other - more technical - aspects of financial analysis have been ignored. This book aims to show how technical aspects of financial were initially part of the early investigations of macroeconomics and how they may be used to provide a realistic analysis of the behavior of modern financial economies.
The identification of disaster risk has remained a significant challenge due to the rarity of macroeconomic disasters. We show that the interbank market can help characterize the time variation in disaster risk. We propose a risk-based model in which macroeconomic disasters are likely to coincide with interbank market failure. Using interbank rates and their options, we estimate our model via maximum likelihood estimation (MLE) and filter the short-run and long-run components of disaster risk. Our estimation results are independent of the stock market and serve as an external validity test of rare disaster models, which are typically calibrated to match stock moments.
Returnee executives have been found to be able to predict a variety of strategic actions effectively; however, less attention has been given to how these executives influence nonmarket strategic actions, especially bribery. We integrate upper echelons theory and institutional theory to examine whether and when returnee executives influence enterprise bribery. We argue that returnee executives may develop moral relativism, which makes them more likely to view bribery as an ethical means of competition. This, in turn, increases the extent to which enterprises engage in bribery. In addition, we argue that anticorruption initiatives (formal institutions) and Confucian culture (informal institutions) moderate the above relationships. The empirical discussion of data from 2,241 nonstate-owned listed companies in China confirms most of the above theoretical speculations. This study helps us recognize the dark side of returnee executives in emerging economies.
The shift to telework and hybrid arrangements has prompted organizations to reevaluate leadership competencies specific to remote environments. Therefore, we developed the Leadership Competencies for Telework (LCT) scale, designed for telework settings and addressing new challenges such as telework-life balance and virtual distance. The validation process included two studies: (1) Two content validity panels with 27 experts, and (2) validation of the 67-item scale through a survey of 543 Spanish teleworkers. Confirmatory factor analysis supported a five-factor structure: Digital Communication, Digital Trust-Building, Remote Goal Management, Remote Relationships Development, and Telework-Life Balance Support. The scale demonstrated high reliability (α < 0.90 for all factors) and validity, correlating with key outcomes such as job satisfaction, professional isolation, telework-life conflict, and organizational citizenship behaviors. The LCT scale provides organizations with a validated tool for assessing and developing effective telework leadership. Future research could validate the scale through longitudinal studies, exploring its predictive power over time.
The recent wave of executive orders and other actions at the federal level has received a great deal of attention in recent months. Receiving relatively less attention, however, has been ongoing efforts at the state level over the past couple of years to exercise more control over higher education. The present brief reviews recent state legislation impacting higher education with a particular focus on the recently enacted Ohio Senate Bill 1, as an illustrative example. We suggest that these state legislative efforts pose a threat to academic freedom through attacks on diversity, equity, and inclusion (DEI), curricular control, tenure, and faculty unionization. We provide an overview of these state legislative efforts and implications for I-O psychologists, particularly those in academia.
Public education systems and the incidence of child labor have historically been intertwined with both ultimately impacting labor market outcomes and the experience of work. This paper analyzes a suite of interrelated policies in the United States (some enacted, some proposed) that will have the ultimate effect of increasing the presence of minors in the workforce. We explore the impacts of this ultimate result for both industrial-organizational (I-O) research and practice, focusing on (a) increased underemployment and (b) increased workplace accidents, injuries and hazards in the workplace as clear points for necessary research and practice. Further, we highlight the need for I-O psychologists to become more adept at conducting research and practice with minors.
This study examines how partner repeatedness drives alliance reconfiguration. Using data on 571 fund products initiated by 58 Chinese fund firms from 2007 to 2011, our results indicate that higher levels of partner repeatedness drive firms to reconfigure their alliance by re-introducing previous partners (those that have collaborated with the focal firm in the past, but not currently), rather than dropping active partners or introducing new ones, in an attempt to retain the positive aspects and mitigate the negative effects of partner repeatedness. However, resource richness and firms' centrality in their industries play a key moderating role, as these factors affect the perceived efficacy of the reconfiguration strategies at firms' disposal.
Extant studies on cross-border venture capital (VC) investment predominantly focus on how country-level formal institutions impact the flow of VCs across borders, but the potential role of country-level sentiments in this process has received less attention. Drawing upon the trust literature, we explore how home country political sentiment affects cross-border VC investment. Using data on Chinese VCs’ cross-border investments from 2000 to 2021, we find that home country political sentiment positively affects the amount of cross-border VC investment. Government VC (GVC) and connected VC (through sentiment transmission) positively, while investor managerial team education and investor host country experience (through sentiment suppression) negatively, moderate the influence of home country political sentiment.
This article traces the origins of “big” tobacco, that is, international, multinational companies, in Cyprus during the British colonial period. It explores how the tobacco and cigarette industries developed from the 1920s until the end of colonial rule in 1960, and how “big” tobacco companies united and came to control these industries. The article shows that from the 1920s, and especially from the 1940s, the prevalence of smoking in Cyprus was exceedingly high. This corresponded to the large-scale importing of foreign-made cigarettes and the manufacture of cigarettes by local companies, before the first international company began to manufacture cigarettes in the island in 1951. The article explores how the British colonial governments and civil society did little to make the Cypriot people aware of the dangers of cigarette smoking, despite medical research linking cigarette smoking to the increase in lung cancer in 1950 and the debates and warnings in the UK. Ultimately, the origins and evolution of “big tobacco” companies in Cyprus had a profound impact on the local industry and the prevalence of cigarette smoking in Cyprus.
Being supposedly adapted to the living circumstances of ‘the poor’, PAYGo is claimed to be inclusive because it is ‘affordable and convenient for those with irregular incomes’ (GSMA, 2017: 5) and, unlike monthly billing, allows ‘the poor’ to buy ‘what they can, when they can, when they need it’ (Mastercard, 2020: 4). It ‘empowers’ users by granting them ‘valuable control’ (Waldron et al, 2018) over their consumption. Instead of having to rely on kiosk attendants, who close the kiosk for lunch breaks and at night, the ‘convenience of mobile payments’ (Waldron et al, 2018) enables the user to fetch water at any, and in less, time by avoiding queues at the kiosk. The literal imagination of ‘pay-as-you-drink’ (Waldron et al, 2018) not only portrays water as a commodity, but the mobile money-enabled PAYGo system also invokes its users as digitally included customers who are enabled and free to obtain water at their own convenience, simply by placing self-recharged smart cards on an intuitive user interface.
The Rock Foundation which funded the implementation of 30 water dispensers in three different villages in Kondo Ward (Chapter 6) wanted to show that once Planetary View (PV) pulled out of the project it would be able to be ‘self-reliant’ in the sense that the revenue generated by the water sales would be sufficient to cover the operation and maintenance of the system (Harry, personal communication, August 2017).
Several authors have engaged with the endeavours of private companies or philanthrocapitalist organizations to test solutions for the bottom of the pyramid (BoP) in the field and pointed out inconsistencies in such approaches. Dolan and Roll (2013) show how, in Procter and Gamble's approach to selling sanitary products to schoolgirls in Accra, menstruation is reframed from a maturation process to a hygienic problem requiring a market-based solution in the form of a sanitary pad. Irani (2019) shows how the development of water filters in India by an non-governmental organization (NGO), funded by the Bill and Melinda Gates Foundation (B&GF), was determined from the beginning by funding policies that regard clean water as free of waterborne diseases, rather than free of fluoride, which was the major concern of the people for whom the filters were to be manufactured. Borland (2011) points out that the PlayPump, a pump for use in the Global South and powered by a children's roundabout, was primarily designed for its audiences in the Global North rather than for its users. Cross (2013) shows how a solar light was, from the beginning, not only designed for poor consumers, but also to be attractive to venture capital funds by, for example, foregrounding user participation. Thereby any changes made in response to user feedback only took place within clear pre-set parameters regarding aesthetics and functionality. However, even when designers are willing to reframe their projects in line with user feedback, they re-define them anew in market-based terms. For example, Schwittay (2014) has pointed out how a financial inclusion project responded to ethnographic findings by moving from a financial management app to income generation and financial empowerment programmes.
The development of large-scale, capital-intensive infrastructure projects – such as road, water, sewerage or electricity networks, railroads or gas supply – to be carried out by one central development actor – the state – was seen as the foundation of nation building and economic growth for countries post-independence (Elyachar, 2012; Collier et al, 2017). Although since the start of the millennium there has been a resurgence of large-scale water projects,1 there has also been an increasing turn towards ‘little development devices’ (Collier et al, 2017) that are often promoted by multinational corporations (MNCs), philanthropic foundations or social enterprises. Little development devices build upon the critique of megalomaniac development projects of the past, which often failed to consider diverse societal contexts or to deliver their promises of progress. Little development devices are utilized in areas and for populations that are regarded as dwelling on the margins of the incomplete networked, large-scale infrastructure projects. Water filters (Redfield, 2012) are supposed to replace water networks, solar lanterns (Cross, 2013) overcome the lack of electricity networks and pit latrines solve the lack of sewerage networks (Chalfin and Binjaku, 2017; Thieme, 2017). Thereby, these devices are ideally designed in such a way that they anticipate the failures of their environments, for example by being extra robust or being able to function in dusty or unsanitary environments. Instead of trying to bring about utopias of grandiose futures, these devices are designed to work on a small scale and provide more immediate solutions, with often measurable and testable outcomes (Collier et al, 2017).