1,923 research outputs found
Assessing the Generalisability of Managerial Discretion:An Empirical Investigation in the Arab World
The purpose of this paper is to examine the generalizability of national-level managerial discretion and to assess whether the national context play a role in changing mainstream research findings. Based on a sample of three Arabian countries and using a panel of prominent cross-cultural scholars who provided 138 discretion scores for the sampled countries, we replicate the national framework of Crossland and Hambrick (2011) in a new cultural context. The cultural dimensions were measured via survey responses of 375 middle-managers based on House et al. (2004) cultural practices scale. Consistent with Crossland and Hambrick (2011), we demonstrate that individualism and uncertainty tolerance have the same positive effect on CEOs discretion even in a different cultural setting. In contrast, we show that power distance has a positive and significant effect on managerial discretion. Our results indicate that executives can take idiosyncratic and bold actions to the extent to which the cultural environment allows them to do so. Accordingly, we contribute by showing the importance of the national setting in affecting the generalizability of discretion findings
Strategizing in a Focused Context:Managerial Discretion in the Arab World
The purpose of our study is to broaden the national-level construct of managerial discretion and to investigate the effect of cultural practices on executive discretion.
Based on a sample of six Arabian countries and using a panel of prominent cross-cultural scholars who provided 262 discretion scores for the sample countries, we replicate and extend the national framework of Crossland and Hambrick (2011) in a new cultural context. The cultural dimensions were measured using survey responses of middle-managers based on House et al. (2004) cultural practices scale.
We extend the national-level framework of managerial discretion and find that an encompassing array of cultural practices play a crucial role in shaping the degree of discretion provided to CEOs. We empirically demonstrate that power distance, future and performance orientation along with gender egalitarianism and assertiveness has positive relationships with managerial discretion. However, institutional collectivism, uncertainty avoidance and humane orientation negatively affect the degree of discretion provided to CEOs.
Our study fills a gap in the literature regarding the national-level framework of managerial discretion. Our results indicate that executives can take idiosyncratic and bold actions to the extent to which the cultural environment allows them to do so. Also, we discover new national-level antecedents of managerial discretion that haven’t been considered in earlier studies and confirm the context dependency of this concept
Coarse Brownian Dynamics for Nematic Liquid Crystals: Bifurcation Diagrams via Stochastic Simulation
We demonstrate how time-integration of stochastic differential equations
(i.e. Brownian dynamics simulations) can be combined with continuum numerical
bifurcation analysis techniques to analyze the dynamics of liquid crystalline
polymers (LCPs). Sidestepping the necessity of obtaining explicit closures, the
approach analyzes the (unavailable in closed form) coarse macroscopic
equations, estimating the necessary quantities through appropriately
initialized, short bursts of Brownian dynamics simulation. Through this
approach, both stable and unstable branches of the equilibrium bifurcation
diagram are obtained for the Doi model of LCPs and their coarse stability is
estimated. Additional macroscopic computational tasks enabled through this
approach, such as coarse projective integration and coarse stabilizing
controller design, are also demonstrated
Phase-Transition Theory of Instabilities. II. Fourth-Harmonic Bifurcations and Lambda-Transitions
We use a free-energy minimization approach to describe the secular and
dynamical instabilities as well as the bifurcations along equilibrium sequences
of rotating, self-gravitating fluid systems. Our approach is fully nonlinear
and stems from the Ginzburg-Landau theory of phase transitions. In this paper,
we examine fourth-harmonic axisymmetric disturbances in Maclaurin spheroids and
fourth-harmonic nonaxisymmetric disturbances in Jacobi ellipsoids. These two
cases are very similar in the framework of phase transitions. Irrespective of
whether a nonlinear first-order phase transition occurs between the critical
point and the higher turning point or an apparent second-order phase transition
occurs beyond the higher turning point, the result is fission (i.e.
``spontaneous breaking'' of the topology) of the original object on a secular
time scale: the Maclaurin spheroid becomes a uniformly rotating axisymmetric
torus and the Jacobi ellipsoid becomes a binary. The presence of viscosity is
crucial since angular momentum needs to be redistributed for uniform rotation
to be maintained. The phase transitions of the dynamical systems are briefly
discussed in relation to previous numerical simulations of the formation and
evolution of protostellar systems.Comment: 34 pages, postscript, compressed,uuencoded. 7 figures available in
postscript, compressed form by anonymous ftp from asta.pa.uky.edu (cd
/shlosman/paper2 mget *.ps.Z). To appear in Ap
How Formal and Informal Institutions of Middle Eastern Countries Influence Managerial Discretion: An Empirical Investigation
Managerial discretion is the focal theme bridging the clash between two schools of thoughts; whether executives have greater influence on their firms’ outcomes or other factors restrain their actions (Hambrick & Finkelstein, 1987). It is argued that constraints come from inertial, normative and environmental forces (e.g. DiMaggio & Powell, 1983). Of these restraints is the institutional environment in which a firm is headquartered. Our paper falls within this research stream and provides an extension for Crossland and Hambrick (2007, 2011) work. We investigate the national level of discretion in new cross-cultural contexts, provide deeper understanding of its concept, and shed the light on undiscovered discretion’s antecedents and consequences. We adopt a quantitative approach in which questionnaires represent our data collection instrument. We anticipate that in high discretion countries firms tend to follow what Miles & Snow (1978) labeled ‘Prospector’ strategy as opposed to low discretion countries in which firms incline to implement a ‘Defender’ strategy
On Linear Congestion Games with Altruistic Social Context
We study the issues of existence and inefficiency of pure Nash equilibria in
linear congestion games with altruistic social context, in the spirit of the
model recently proposed by de Keijzer {\em et al.} \cite{DSAB13}. In such a
framework, given a real matrix specifying a particular
social context, each player aims at optimizing a linear combination of the
payoffs of all the players in the game, where, for each player , the
multiplicative coefficient is given by the value . We give a broad
characterization of the social contexts for which pure Nash equilibria are
always guaranteed to exist and provide tight or almost tight bounds on their
prices of anarchy and stability. In some of the considered cases, our
achievements either improve or extend results previously known in the
literature
Exact solution for scalar field collapse
We give an exact spherically symmetric solution for the Einstein-scalar field
system. The solution may be interpreted as an inhomogeneous dynamical scalar
field cosmology. The spacetime has a timelike conformal Killing vector field
and is asymptotically conformally flat. It also has black or white hole-like
regions containing trapped surfaces. We describe the properties of the apparent
horizon and comment on the relevance of the solution to the recently discovered
critical behaviour in scalar field collapse.Comment: 10 pages(Latex) (2 figures available upon request), Alberta-Thy-4-9
The Great Pretenders Among the ULX Class
The recent discoveries of pulsed X-ray emission from three ultraluminous
X-ray (ULX) sources have finally enabled us to recognize a subclass within the
ULX class: the great pretenders, neutron stars (NSs) that appear to emit X-ray
radiation at isotropic luminosities ~erg~s~erg~s only because their emissions are strongly beamed toward
our direction and our sight lines are offset by only a few degrees from their
magnetic-dipole axes. The three known pretenders appear to be stronger emitters
than the presumed black holes of the ULX class, such as Holmberg II \& IX X-1,
IC10 X-1, and NGC300 X-1. For these three NSs, we have adopted a single
reasonable assumption, that their brightest observed outbursts unfold at the
Eddington rate, and we have calculated both their propeller states and their
surface magnetic-field magnitudes. We find that the results are not at all
different from those recently obtained for the Magellanic Be/X-ray pulsars: the
three NSs reveal modest magnetic fields of about 0.3-0.4~TG and beamed
propeller-line X-ray luminosities of ~erg~s,
substantially below the Eddington limit.Comment: To appear in Research in Astronomy and Astrophysic
Trends in Competition and Profitability in the Banking Industry: A Basic Framework
This paper brings to the forefront the assumptions that we make when focusing on a particular type of explanation for bank profitability. We evaluate a broad field of research by introducing a general framework for a profit maximizing bank and demonstrate how different types of models can be fitted into this framework. Next, we present an overview of the current major trends in European banking and relate them to each model’s assumptions, thereby shedding light on the relevance, timeliness and shelf life of the different models. This way, we arrive at a set of recommendations for a future research agenda. We advocate a more prominent role for output prices, and suggest a modification of the intermediation approach. We also suggest ways to more clearly distinguish between market power and efficiency, and explain why we need time-dependent models. Finally, we propose the application of existing models to different size classes and sub-markets. Throughout we emphasize the benefits from applying several, complementary models to overcome the identification problems that we observe in individual models.
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