Using Ownership as an Incentive: Does the Too Many Chiefs Rule Apply in Entrepreneurial Firms?

Agency theory is used to develop hypotheses regarding the effects of ownership proliferation on firm performance. We examine the effects of CEO ownership, executive team ownership, and all employee ownership, in addition to the moderating effect of risk, on firm survival and stock price. Firms with low CEO ownership outperform those with high levels of CEO ownership across all levels of risk, but the effect is most pronounced for low risk firms. Executive team ownership is negatively related to firm performance, while ownership for all employees is positively associated with firm performance particularly for higher risk firms

Agency Theory Implications for Strategic Human Resource Management: Effects of CEO Ownership, Administrative HRM, and Incentive Alignment on Firm Performance

Agency theory is used to expand the research in strategic human resource management (SHRM) by viewing the construct underlying SHRM as control over all employees. We develop hypotheses on the effects of CEO ownership, administrative HRM, and incentive stock ownership on firm performance. The results indicate that administrative HRM has a negative effect on stock price. Incentive alignment via stock ownership has a positive effect on stock price and productivity. CEO ownership has a positive effect on sales but a negative impact on productivity. Implications for theory and practice are discussed

The View from the Top: How Strategic Human Resource Management Affects the Performance of Initial Public Offering Firms

We study SHRM by taking an organizational level perspective on control over all employees. Drawing from agency theory, control theory, and the resource-based view of the firm, we develop hypotheses regarding the differential effects on firm performance of various overarching approaches to human resource management (HRM) control implemented in small, growing firms. We test our hypotheses in a longitudinal study of 342 firms that went public in 1993. Results support the negative effect of bureaucratic HRM control on market-based measures of performance, while firm-specific HRM control and incentive-based HRM control are related to internal measures of firm growth

The Human Resource Executive Effect in Initial Public Offering Firms

[Excerpt] There is much discussion about HRM becoming strategic, in part by hiring a senior HR executive. This study explores whether that recommendation can help entrepreneurial, growth-oriented companies. By applying organizational inertia concepts, we study whether having a senior HRM executive, reporting to the CEO, affects firm performance in a sample of initial public offering (IPO) firms. Results indicate that smaller and fast-growth IPOs experience the most gain from having a senior human resource executive

Turbine blade and vane heat flux sensor development, phase 2

The development of heat flux sensors for gas turbine blades and vanes and the demonstration of heat transfer measurement methods are reported. The performance of the heat flux sensors was evaluated in a cylinder in cross flow experiment and compared with two other heat flux measurement methods, the slug calorimeter and a dynamic method based on fluctuating gas and surface temperature. Two cylinders, each instrumented with an embedded thermocouple sensor, a Gardon gauge, and a slug calorimeter, were fabricated. Each sensor type was calibrated using a quartz lamp bank facility. The instrumented cylinders were then tested in an atmospheric pressure combustor rig at conditions up to gas stream temperatures of 1700K and velocities to Mach 0.74. The test data are compared to other measurements and analytical prediction

Building point of care ultrasound experience in a rural primary care network

Point-of-care ultrasonography (POCUS) is a safe, noninvasive and accessible diagnostic technique. In the outpatient setting POCUS enables improve access to timely care, raises patient satisfaction, and reduces the need for costly tests. While application of POCUS is well established in the emergency department and intensive care unit, its use in ambulatory medicine is still emerging. Prior literature has shown that while many rural care offices have access to POCUS equipment, however, the technology is not being used to its full potential. Prior family medicine projects have identified barriers to the use of ultrasound in rural Vermont outpatient clinics. A lack of training was identified as the largest barrier to POCUS use in both 2019 and 2022. In this work we organized and hosted two POCUS training sessions focused on topics that could be utilized in the ambulatory care setting. Each participant attended one training. To assess the efficacy of our trainings, participants took a survey before and after trainings. Participants were asked to rate their confidence performing POCUS exams, their perceived utility of POCUS in their practice, their perceived utility of POCUS exam quick guides to refresh skills and their predictions as to how patients would perceive POCUS exams. We found that while there was no significant difference identified for perceived utility of POCUS in practice or predicted utility of quick guides, a single POCUS training session did result in a significant increase in reported confidence performing POCUS exams and prediction of a positive patient perception of POCUS exams.https://scholarworks.uvm.edu/fmclerk/1994/thumbnail.jp

Cooking up a Course: Food Education at Pomona College

Cooking skills are important but declining, with significant health, social, cultural, political, economic, and environmental implications. Food and cooking education can begin to address some of the negative effects of the cooking skills decline. This thesis makes the case for cooking classes in the education system, especially in higher education. The paper begins with a history of cooking education and skills, outlines the implications of the decline in skills, and discusses the potential for cooking education in higher education. The second part consists of a course syllabus, designed for Pomona College. The third section includes a discussion of the implementation of this course at Pomona College specifically, including a description of the course creation process, challenges, available resources, and recommendations for future action

Development of heat flux sensors for turbine airfoils

The objectives of this program are to develop heat flux sensors suitable for installation in hot section airfoils of advanced aircraft turbine engines and to experimentally verify the operation of these heat flux sensors in a cylinder in a cross flow experiment. Embedded thermocouple and Gardon gauge sensors were developed and fabricated into both blades and vanes. These were then calibrated using a quartz lamp bank heat source and finally subjected to thermal cycle and thermal soak testing. These sensors were also fabricated into cylindrical test pieces and tested in a burner exhaust to verify heat flux measurements produced by these sensors. The results of the cylinder in cross flow tests are given