Managerial defections, promotion criteria and firm growth

Cataloged from PDF version of article.Junior managers' learning decisions and career expectations, promotion criteria, and parent firms' growth strategies are interdependent. We study this interdependence in a two-stage game where a junior manager invests in unobservable industry-specific learning in response to the firm's growth strategy. In the absence of a credible promotion criterion the firm is unable to insure itself fully against defections, growth is low and ex-post regrettable managerial promotions may occur. Higher growth relaxes promotion decisions and erodes managers' learning incentives, whereas lower growth generates the opposite effect but increases the likelihood of defections. (C) 1999 Elsevier Science B.V. All rights reserved

СТРАТЕГІЧНЕ ВИРІШЕННЯ ПИТАННЯ ПЛИННОСТІ КАДРІВ У БАНКІВСЬКІЙ УСТАНОВІ

Today, the main problem of banking institutions is a significant level of staff turnover, which leads to a decrease in the stability and prospects of the financial sector in general. The purpose of each bank is to meet the needs of clients and to generate profit from its activities. To ensure the efficiency of its work, the bank uses staff, which, in turn, utilizing the knowledge, professional skills and professionalism, is one of the most important resources of this institution. In the current state of the domestic economy, banking institutions and enterprises are trying to introduce new standards of work with personnel to increase the efficiency of their activities. The problem of staff turnover is common in the banking sector. Most of banks suffer from a permanent shift in the staffing of the internal reserve, and stressful situations resulting from this. To analyze the causes and solve the problems of staff turnover at the level of strategic and tactical planning. To study the social and psychological methods of managing the authors of the article developed the questionnaire that allows them to analyze the staff’s satisfaction with the style of leadership, the degree of motivation, and to identify the features of personnel management, the impact of social and psychological aspects of management on staff turnover. Based on the answers to the questionnaire, the index of satisfaction was calculated and the factors causing the greatest satisfaction and the greatest dissatisfaction of the personnel by work organization in PJSC CB «PrivatBank» were determined. The article proposes concrete ways to reduce staff turnover. These propositions and developments can be actively used in the practical sphere of PJSC CB «PrivatBank», which will improve the psychological climate in the team, increase the efficiency of work of the employees and increase their level of loyalty to the bank.Сегодня главной проблемой банковских учреждений является значительный уровень текучести персонала, что приводит к снижению стабильности и перспективы финансовой сферы в целом. Целью каждого банка является удовлетворение потребностей клиентов и получения прибыли от своей деятельности. Чтобы обеспечить эффективность своей работы банк использует персонал, который, в свою очередь, используя знания, профессиональные навыки и профессионализм является одним из важнейших ресурсов этого института. В условиях современного состояния отечественной экономики банковские учреждения и предприятия пытаются внедрить новые стандарты работы с персоналом для повышения эффективности своей деятельности. Проблема текучести кадров является неодиночным примером в банковской сфере. Большая часть банков страдает от постоянной смены кадров во внутреннем резерве, и стрессовых ситуаций, возникающих вследствие этого. Нужно проанализировать причины и решить вопрос текучести кадров на уровне стратегического и тактического планирования. Для исследования социально-психологических методов управления мы разработали анкету, которая позволяет проанализировать удовлетворенность персонала стилем руководства, степенью мотивации, выявить особенности управления персонала, влияние социально-психологических аспектов управления на текучесть кадров. На основе ответов на поставленные в анкете вопросы были рассчитаны индекс удовлетворенности и определены факторы, вызывающие наибольшую удовлетворенность и наибольшую неудовлетворенность персонала организацией труда в ПАО КБ «ПриватБанк». Предложены конкретные пути снижения текучести кадров. Данные предложения и разработки могут активно применяться в практической сфере ПАО КБ «ПриватБанк», что позволит улучшить психологический климат в коллективе, повысить эффективность работы сотрудников и увеличить уровень их лояльности к банку.Сьогодні головною проблемою банківських установ є значний рівень плинності персоналу, що зумовлює зниження стабільності і перспективи фінансової сфери в цілому. Метою кожного банку є задоволення потреб клієнтів та отримання прибутку від своєї діяльності. Щоб забезпечити ефективність своєї роботи, банк використовує персонал, який, у свою чергу, використовуючи знання, фахові навички та професіоналізм, є одним із найважливіших ресурсів цього інституту. В умовах сучасного стану вітчизняної економіки банківські установи та підприємства намагаються запровадити нові стандарти роботи з персоналом для підвищення ефективності своєї діяльності. Проблема плинності кадрів є непоодиноким прикладом у банківській сфері. Більша частка банків страждає від постійної зміни кадрів у внутрішньому резерві і стресових ситуацій, які виникають унаслідок цього. Варто проаналізувати причини і вирішити питання плинності кадрів на рівні стратегічного та тактичного планування. Для дослідження соціально-психологічних методів управління ми розробили анкету, яка дозволяє проаналізувати задоволеність персоналу стилем керівництва, ступенем мотивації, виявити особливості управління персоналу, вплив соціально-психологічних аспектів управління на плинність кадрів. На основі відповідей на поставленні в анкеті запитання було розраховано індекс задоволеності та визначено фактори, що викликають найбільшу задоволеність і найбільшу незадоволеність персоналу організацією праці в ПАТ КБ «ПриватБанк». Запропоновано конкретні шляхи зниження плинності кадрів. Пропозиції і розробки можуть активно застосовуватись у практичній сфері ПАТ КБ «ПриватБанк», що дасть змогу поліпшити психологічний клімат у колективі, підвищити ефективність роботи працівників і збільшити рівень їхньої лояльності до банку

Learning in Bayesian regulation: Desirable or undesirable?

We examine the social desirability of learning about the regulated agent in a generalized principal-agent model with incomplete information. An interesting result we obtain is that there are situations in which the agent prefers a Bayesian regulator to have more, yet incomplete, information about his private type

Molecular structure, vibrational spectral investigation and the confirmation analysis of 4-Methylesculetin molecule

WOS: 000333614200003In this work, FT-IR, FT-Raman, and FT-NMR spectra of 4-Methylesculetin molecule are presented for the first time. FT-IR, FT-Raman, and FT-NMR spectra of 4MEC have been recorded and analyzed. The FT-IR and FT-Raman spectra of this molecule are recorded at 4000-400 cm(-1) and 50-3500 cm(-1), respectively. The infrared vibrational frequencies, absolute intensities, potential energy profile, HOMO-LUMO plot and NBO analysis of the molecule have been also predicted using Becke's three-parameter hybrid B3LYP method in the density functional theory DFT method. Calculated and experimental data are in good agreement.Ahi Evran University Research FundAhi Evran University [FEN.4003.12.013]Y. Erdogdu would like to thank Ahi Evran University Research Fund for its financial support. Project Numbers: FEN.4003.12.013. Computing resources used in this work were provided by the National Center for High Performance Computing of Turkey (UYBHM)

Hemoglobin is inversely related to flow-mediated dilatation in chronic kidney disease

The microcirculation is regulated by oxygen gradients and by endothelial release of nitric oxide, which can react with hemoglobin to form S-nitroso derivatives. Here we induced flow-mediated dilatation of the brachial artery in response to ischemia in 141 non-diabetic patients with stage 3–4 chronic kidney disease who had no history of smoking, cardiovascular events or use of erythropoietin-based agents. Patients with hemoglobin concentrations above the cohort median of 11.6 g/dl were found to have significant reductions in flow-mediated dilatation compared to those below the median. This inverse relationship remained significant after adjustment for potential confounders, including insulin sensitivity, glomerular filtration rate, proteinuria, body mass index, serum urate, etiology of underlying renal disease, treatment with anti-hypertensive drugs, and traditional Framingham risk factors. Given that hemoglobin can act as an important nitric oxide carrier and buffer, our studies suggest that the mechanism by which hemoglobin influences the endothelium-dependent microcirculation requires its nitrosylation; however, more direct studies need to be performed

FGF-23 and vascular dysfunction in patients with stage 3 and 4 chronic kidney disease

Studies in animals show that fibroblast growth factor (FGF)-23 interferes with vascular reactivity induced by the nitric oxide (NO) system. To investigate the relationship between circulating FGF-23 levels and the response of forearm blood flow to ischemia (flow-mediated vasodilatation, FMD) and nitroglycerin, we tested 183 patients with stage 3-4 chronic kidney disease (CKD). None of them had cardiovascular complications or were taking drugs interfering with vascular function. Patients with FGF-23 levels above the median had significantly lower glomerular filtration rate, FMD, and fetuin-A levels (an anti-inflammatory molecule and potent inhibitor of calcification). They also had higher proteinuria and phosphate levels when compared to patients whose FGF-23 levels were below the median. The response to nitroglycerin was not different between the two groups. Multiple regression analysis showed that the relationship between FGF-23 and FMD was only modestly sensitive to adjustment for classical risk factors, biomarkers of bone mineral metabolism, high-sensitivity C-reactive protein, and homeostatic model assessment index. Adjustment for asymmetrical dimethyl arginine (ADMA) weakened the strength of this link; however, it remained highly significant. There was no independent association between FGF-23 and nitroglycerin. Thus, attenuation of FMD by ADMA suggests that this endogenous inhibitor of NO synthase may, in part, mediate the vascular effects of FGF-23 in patients with CKD. © 2010 International Society of Nephrology

New method to characterize a machining system: application in turning

Many studies simulates the machining process by using a single degree of freedom spring-mass sytem to model the tool stiffness, or the workpiece stiffness, or the unit tool-workpiece stiffness in modelings 2D. Others impose the tool action, or use more or less complex modelings of the efforts applied by the tool taking account the tool geometry. Thus, all these models remain two-dimensional or sometimes partially three-dimensional. This paper aims at developing an experimental method allowing to determine accurately the real three-dimensional behaviour of a machining system (machine tool, cutting tool, tool-holder and associated system of force metrology six-component dynamometer). In the work-space model of machining, a new experimental procedure is implemented to determine the machining system elastic behaviour. An experimental study of machining system is presented. We propose a machining system static characterization. A decomposition in two distinct blocks of the system "Workpiece-Tool-Machine" is realized. The block Tool and the block Workpiece are studied and characterized separately by matrix stiffness and displacement (three translations and three rotations). The Castigliano's theory allows us to calculate the total stiffness matrix and the total displacement matrix. A stiffness center point and a plan of tool tip static displacement are presented in agreement with the turning machining dynamic model and especially during the self induced vibration. These results are necessary to have a good three-dimensional machining system dynamic characterization

Endothelial function in patients with familial Mediterranean fever-related amyloidosis and association with cardiovascular events

Objectives. Secondary amyloidosis is the most important complication of FMF and endothelial function is more severely impaired. Elevated asymmetric dimethyl arginine (ADMA) may mediate the excess cardiovascular disease (CVD) risk of this group. We aimed to compare endothelial function characteristics, including ADMA, in patients with FMF-related amyloidosis and primary glomerulopathies and to define risk factors for a CVD event. Methods. We undertook a cross-sectional study with prospective follow-up including consecutive patients with FMF-related amyloidosis (n = 98) or other non-diabetic glomerulopathies (n = 102). All patients had nephrotic-range proteinuria and normal glomerular filtration rate. Flow-mediated dilatation (FMD) was assessedand ADMA levels, CRP and pentraxin 3 (PTX3) were determined. Patients were followed for cardiovascular events. Results. Amyloidosis patients secondary to FMF showed higher levels of ADMA, CRP and PTX3 and lower FMD as compared with patients with other glomerulopathies. Cardiovascular events (n = 54) were registered during 3 years of follow-up. Increased ADMA levels and lower FMD were observed in patients with cardiovascular risk in both groups, but especially in individuals with amyloidosis.Conclusion. Patients with FMF-related amyloidosis have increased CVD event risk, probably related to the high ADMA levels, elevated inflammatory markers and decreased FMD measures observed in these patients