2,501 research outputs found
Reframing commitment in authentic leadership: Untangling relationship–outcome processes
Affective organizational commitment is theorized and empirically tested as a key mediator between authentic leadership and desirable employee outcomes. The results of a two-wave survey of 830 business people in Australia support a serial mediation model of authentic leadership efficacy. Followers\u27 perceptions of authentic leadership behavior influence their personal identification and affect-based trust in the leader, which in turn are mediated by affective organizational commitment to positively influence their work engagement and job satisfaction. These findings reinforce previous work that positions personal identification and affect-based trust as the two primary mediating mechanisms of authentic leadership. This paper extends prior research by demonstrating the important role of followers\u27 affective bonds with their organization in the operation of authentic leadership, moving beyond the dyad in our understanding of follower outcomes
Reframing commitment in authentic leadership: Untangling relationship–outcome processes
Affective organizational commitment is theorized and empirically tested as a key mediator between authentic leadership and desirable employee outcomes. The results of a two-wave survey of 830 business people in Australia support a serial mediation model of authentic leadership efficacy. Followers\u27 perceptions of authentic leadership behavior influence their personal identification and affect-based trust in the leader, which in turn are mediated by affective organizational commitment to positively influence their work engagement and job satisfaction. These findings reinforce previous work that positions personal identification and affect-based trust as the two primary mediating mechanisms of authentic leadership. This paper extends prior research by demonstrating the important role of followers\u27 affective bonds with their organization in the operation of authentic leadership, moving beyond the dyad in our understanding of follower outcomes
The Argon Dark Matter Experiment (ArDM)
The ArDM experiment, a 1 ton liquid argon TPC/Calorimeter, is designed for
the detection of dark matter particles which can scatter off the spinless argon
nuclei. These events producing a recoiling nucleus will be discerned by their
light to charge ratio, as well as the time structure of the scintillation
light. The experiment is presently under construction and will be commissioned
on surface at CERN. Here we describe the detector concept and give a short
review on the main detector components.Comment: Proceedings of 4th Patras workshop (DESY) on Axions, Wimps and Wisps
(4 pages, 4 figures
Agents Play Mix-game
In mix-game which is an extension of minority game, there are two groups of
agents; group1 plays the majority game, but the group2 plays the minority game.
This paper studies the change of the average winnings of agents and
volatilities vs. the change of mixture of agents in mix-game model. It finds
that the correlations between the average winnings of agents and the mean of
local volatilities are different with different combinations of agent memory
length when the proportion of agents in group 1 increases. This study result
suggests that memory length of agents in group1 be smaller than that of agent
in group2 when mix-game model is used to simulate the financial markets.Comment: 8 pages, 6 figures, 3 table
Cauchy's formulas for random walks in bounded domains
Cauchy's formula was originally established for random straight paths
crossing a body and basically relates the average
chord length through to the ratio between the volume and the surface of the
body itself. The original statement was later extended in the context of
transport theory so as to cover the stochastic paths of Pearson random walks
with exponentially distributed flight lengths traversing a bounded domain. Some
heuristic arguments suggest that Cauchy's formula may also hold true for
Pearson random walks with arbitrarily distributed flight lengths. For such a
broad class of stochastic processes, we rigorously derive a generalized
Cauchy's formula for the average length travelled by the walkers in the body,
and show that this quantity depends indeed only on the ratio between the volume
and the surface, provided that some constraints are imposed on the entrance
step of the walker in . Similar results are obtained also for the average
number of collisions performed by the walker in , and an extension to
absorbing media is discussed.Comment: 12 pages, 6 figure
A model for correlations in stock markets
We propose a group model for correlations in stock markets. In the group
model the markets are composed of several groups, within which the stock price
fluctuations are correlated. The spectral properties of empirical correlation
matrices reported in [Phys. Rev. Lett. {\bf 83}, 1467 (1999); Phys. Rev. Lett.
{\bf 83}, 1471 (1999.)] are well understood from the model. It provides the
connection between the spectral properties of the empirical correlation matrix
and the structure of correlations in stock markets.Comment: two pages including one EPS file for a figur
Scaling of the distribution of fluctuations of financial market indices
We study the distribution of fluctuations over a time scale (i.e.,
the returns) of the S&P 500 index by analyzing three distinct databases.
Database (i) contains approximately 1 million records sampled at 1 min
intervals for the 13-year period 1984-1996, database (ii) contains 8686 daily
records for the 35-year period 1962-1996, and database (iii) contains 852
monthly records for the 71-year period 1926-1996. We compute the probability
distributions of returns over a time scale , where varies
approximately over a factor of 10^4 - from 1 min up to more than 1 month. We
find that the distributions for 4 days (1560 mins) are
consistent with a power-law asymptotic behavior, characterized by an exponent
, well outside the stable L\'evy regime . To
test the robustness of the S&P result, we perform a parallel analysis on two
other financial market indices. Database (iv) contains 3560 daily records of
the NIKKEI index for the 14-year period 1984-97, and database (v) contains 4649
daily records of the Hang-Seng index for the 18-year period 1980-97. We find
estimates of consistent with those describing the distribution of S&P
500 daily-returns. One possible reason for the scaling of these distributions
is the long persistence of the autocorrelation function of the volatility. For
time scales longer than days, our results are
consistent with slow convergence to Gaussian behavior.Comment: 12 pages in multicol LaTeX format with 27 postscript figures
(Submitted to PRE May 20, 1999). See
http://polymer.bu.edu/~amaral/Professional.html for more of our work on this
are
Residence time and collision statistics for exponential flights: the rod problem revisited
Many random transport phenomena, such as radiation propagation,
chemical/biological species migration, or electron motion, can be described in
terms of particles performing {\em exponential flights}. For such processes, we
sketch a general approach (based on the Feynman-Kac formalism) that is amenable
to explicit expressions for the moments of the number of collisions and the
residence time that the walker spends in a given volume as a function of the
particle equilibrium distribution. We then illustrate the proposed method in
the case of the so-called {\em rod problem} (a 1d system), and discuss the
relevance of the obtained results in the context of Monte Carlo estimators.Comment: 9 pages, 8 figure
Stability of surfaces in the chalcopyrite system
It has been observed previously that the stable surfaces in chalcopyrites are the polar 112 surfaces. We present an electron microscopy study of epitaxial films of different compositions. It is shown that for both CuGaSe2 and CuInSe2 the 001 surfaces form 112 facets. With increasing Cu excess the faceting is suppressed, indicating a lower surface energy of the 001 surface than the energy of the 112 surface in the Cu rich regime, but the 001 surface is higher in energy than the 112 surface in the Cu poor regime. As both surfaces are polar the stabilization is attributed to defect formatio
Universal and non-universal properties of cross-correlations in financial time series
We use methods of random matrix theory to analyze the cross-correlation
matrix C of price changes of the largest 1000 US stocks for the 2-year period
1994-95. We find that the statistics of most of the eigenvalues in the spectrum
of C agree with the predictions of random matrix theory, but there are
deviations for a few of the largest eigenvalues. We find that C has the
universal properties of the Gaussian orthogonal ensemble of random matrices.
Furthermore, we analyze the eigenvectors of C through their inverse
participation ratio and find eigenvectors with large inverse participation
ratios at both edges of the eigenvalue spectrum--a situation reminiscent of
results in localization theory.Comment: 14 pages, 3 figures, Revte
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