Dissonance reduction in nonhuman animals: Implications for cognitive dissonance theory

We review the evidence for dissonance reduction in nonhuman animals and examine the alternative explanations for these effects. If nonhuman animals engage in dissonance reduction, this supports the original theory as proposed by Festinger (1957) over the revisions to the theory that focused on the self-concept. Evidence of animal sentience, including dissonance reduction, may be a source of cognitive dissonance

Is unemployment benefit stigma related to poverty, payment receipt, or lack of employment? A vignette experiment about Australian views

The present study sought to better understand the extent to which negative perceptions of people who receive unemployment benefits is due to their poverty status, their unemployment, and/or their receipt of income support payments. We sought to differentiate these three factors in a vignette-based experiment drawing on a large Australian general population sample (N = 778). Participants rated the personality and capability of two fictional characters. The key experimental manipulation of employment status and benefit receipt was embedded in description of other characteristics. Participants rated vignette characters who received unemployment benefits less favorably on personality (conscientiousness, emotional stability, agreeableness), competence, and warmth than characters described as having a job, as being poor, or as not having a job but without mention of receiving benefits. There was a gradient in the strength of negative assessments across these conditions, but only warmth, conscientiousness and employability distinguished between individuals receiving unemployment benefits and individuals without a job but no reference to benefit receipt. This study provides new insights showing that receiving benefits due to unemployment contributes to negative perceptions over and above the effects of poverty or being unemployed

Accounting for decarbonisation and reducing capital at risk in the S&P500

This document is the Accepted Manuscript version of the following article: Colin Haslam, Nick Tsitsianis, Glen Lehman, Tord Andersson, and John Malamatenios, ‘Accounting for decarbonisation and reducing capital at risk in the S&P500’, Accounting Forum, Vol. 42 91): 119-129, March 2018. Under embargo until 7 August 2019. The final, definitive version is available online at doi: https://doi.org/10.1016/j.accfor.2018.01.004.This article accounts for carbon emissions in the S&P 500 and explores the extent to which capital is at risk from decarbonising value chains. At a global level it is proving difficult to decouple carbon emissions from GDP growth. Top-down legal and regulatory arrangements envisaged by the Kyoto Protocol are practically redundant given inconsistent political commitment to mitigating global climate change and promoting sustainability. The United Nations Environment Programme (UNEP) and European Commission (EC) are promoting the role of financial markets and financial institutions as drivers of behavioural change mobilising capital allocations to decarbonise corporate activity.Peer reviewe

Real Estate Investment Trusts (REITS) : A new business model in the FTSE100

CC-BY-NC-NDThis paper is about the Real Estate Investment Trust (REIT) business model. REITs benefit from tax concessions and Fair Value Accounting (FVA) practices. REITs distributing over 90 percent of profits can obtain tax concessions for their shareholders. This encourages profit distribution at the expense of accumulating retained earnings in shareholder equity. The financial viability of REITs depends upon FVA because this records holding gains when property values are increased. These holding gains can be employed to generate additional financial leverage. However, REITs are exposed to property market volatility and this can quickly undermine solvency, credit ratings and financial stability.Peer reviewedFinal Accepted Versio

Does team psychological capital predict team outcomes at work?

This study is situated in the paradigms of positive organizational scholarship (POS) and positive organizational behaviour (POB). It draws upon the theoretical mechanisms of social learning and emotional contagion to suggest that psychological capital may spread through work teams to impact team outcomes such as performance, innovation, and organizational citizenship behavior (OCB). The degree to which team psychological capital (TPsyCap) mediated the relationship between leader psychological capital (LPsyCap) and team outcomes was also tested (n = 94 teams; n = 94 leaders; n = 550 employees). Using structural equation modelling, LPsyCap and TPsyCap were both related to team-level organizational citizenship behavior, team performance, and team innovation. However, the relationship between LPsyCap and TPsyCap was not significant. These findings support the positioning of psychological capital as an important resource for optimal team functioning but also suggest that workplaces cannot expect that leaders, through their own psychological capital alone, can create team-level psychological capital. Instead, the current research suggests that other organizational initiatives and experiences are needed to enhance LPsyCap. The results contribute to a better understanding of POS and POB in general and, specifically, to the recently emerging construct of team psychological capital

Does Understanding Behavior Make It Seem Normal?: Perceptions of Abnormality Among Euro-Australians and Chinese-Singaporeans

According to recent research, abnormal behavior appears normal to the extent it is understood. Cultural differences in frameworks for making sense of abnormality suggest there may be variations in this “reasoning fallacy.” In light of evidence that people from Western cultures psychologize abnormality to a greater extent than people from East Asian cultures, the effect of understanding on perceptions of abnormality was predicted to differ across cultures. Results of a cross-cultural questionnaire study indicated that understanding made behavior seem normal to European Australians (n = 51), consistent with the reasoning fallacy. For Singaporeans (n = 51), however, understanding did not influence the extent to which behavior was normalized and made abnormal behavior more stigmatizing. Cultural variations in the effect of understanding were attributed to the differential salience of deviance frameworks, which are grounded in culturally specific conceptions of the person

Death Receptor 5, a New Member of the TNFR Family, and DR4 Induce FADD-Dependent Apoptosis and Activate the NF-κB Pathway

AbstractDeath receptor 4 (DR4) is a recently described receptor for the cytotoxic ligand TRAIL that reportedly uses a FADD-independent pathway to induce apoptosis and does not activate the NF-κB pathway. We have isolated a new member of the tumor necrosis factor receptor (TNFR) family, designated DR5, which bears a high degree of sequence homology to DR4. However, contrary to the previous reports, both DR4- and DR5-induced apoptosis can be blocked by dominant-negative FADD, and both receptors can activate NF-κB using a TRADD-dependent pathway. Finally, both receptors can interact with FADD, TRADD, and RIP. Thus, both DR5 and DR4 use FADD, TRADD, and RIP in their signal transduction pathways, and FADD is the common mediator of apoptosis by all known death domain–containing receptors

Financialization directing strategy

Original article can be found at: http://www.sciencedirect.com/science/journal/01559982 Copyright Elsevier Ltd. DOI: 10.1016/j.accfor.2008.08.001This paper constructs an account of how financialization is directing strategy in the S&P 500. Financialization describes how changes in US accounting regulations require firms to account for the market value of capital market transactions where corporate strategy is not simply concerned with delivering value creation but also reacting to value absorption in an era of shareholder value. Financialization is directing strategy and arbitrage to modify stakeholder financial settlements where an increased share of income is extracted as surplus cash and more of this cash from operations is being distributed to shareholders. Share buy-backs account for a substantial increase in the share of corporate cash distributed to shareholders in the S&P 500 which, we argue, reflects a strategic process of value creation and value absorption.Peer reviewe