Amy E. HURLEY-HANSON, Cristina Giannantonio, Jeffrey a. Sonnenfeld
This study explored the perceptions of managerial career attainment of graduating MBA students and compared them to previous research on the actual determinants of career attainment. Results suggest that students did seem to have a good grasp of which determinants are important to managerial career attainment. Business school faculty are encouraged to prepare MBA students for the organizational realities that they will likely experience during their careers.
{"title":"Determinants of Managerial Career Attainment: Student Perceptions and organizational Realities","authors":"Amy E. HURLEY-HANSON, Cristina Giannantonio, Jeffrey a. Sonnenfeld","doi":"10.58809/ddpi5639","DOIUrl":"https://doi.org/10.58809/ddpi5639","url":null,"abstract":"This study explored the perceptions of managerial career attainment of graduating MBA students and compared them to previous research on the actual determinants of career attainment. Results suggest that students did seem to have a good grasp of which determinants are important to managerial career attainment. Business school faculty are encouraged to prepare MBA students for the organizational realities that they will likely experience during their careers.","PeriodicalId":335449,"journal":{"name":"Journal of Business and Leadership","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115413710","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The Association to Advance Collegiate Schools of Business-International (AACSB) is widely to world’s foremost accrediting agency of business schools. AACSB promotional literature asserts AACSB accreditation is associated with higher qualify business education and higher quality business school graduates. The assertion of higher quality is somewhat controversial and to date has not been well supported by empirical evidence. The research presented below investigates whether recent business school graduates taking the uniform certified public accountants exam score higher when from AACSB accredited institutions rather than when from non- AACSB accredited institutions. Results indicate that graduates of AACSB accredited business schools do in fact score significantly higher on all parts of the uniform certified public accountants exam than do their counterparts form unaccredited institutions.
{"title":"An Investigation of The Relationship Between AACSB Business School Accreditation and CPA Exam Success Rates","authors":"John P. Morgan, J. Bergin, L. Sallée","doi":"10.58809/dyjv7732","DOIUrl":"https://doi.org/10.58809/dyjv7732","url":null,"abstract":"The Association to Advance Collegiate Schools of Business-International (AACSB) is widely to world’s foremost accrediting agency of business schools. AACSB promotional literature asserts AACSB accreditation is associated with higher qualify business education and higher quality business school graduates. The assertion of higher quality is somewhat controversial and to date has not been well supported by empirical evidence. The research presented below investigates whether recent business school graduates taking the uniform certified public accountants exam score higher when from AACSB accredited institutions rather than when from non- AACSB accredited institutions. Results indicate that graduates of AACSB accredited business schools do in fact score significantly higher on all parts of the uniform certified public accountants exam than do their counterparts form unaccredited institutions.","PeriodicalId":335449,"journal":{"name":"Journal of Business and Leadership","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122818423","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper presents a model to estimate the economic cost of extended time-to-degree. This first look at delayed graduation costs considers student employment, tuition levels, expected salary upon graduation, interest rates, and the opportunity costs of professional advancement and retirement contributions. The results indicate that a one-year delay in graduation significantly impacts the future financial position of a student. It is estimated that students graduating in five years, rather than four years, will assume an average total economic cost between $94,921 and $114,589. Simulation results are reported and show a total economic cost range of $49,109 to $163,974.
{"title":"Student Employment and The Economic Cost of Delayed College Graduation","authors":"S. Hayes","doi":"10.58809/egdh9013","DOIUrl":"https://doi.org/10.58809/egdh9013","url":null,"abstract":"This paper presents a model to estimate the economic cost of extended time-to-degree. This first look at delayed graduation costs considers student employment, tuition levels, expected salary upon graduation, interest rates, and the opportunity costs of professional advancement and retirement contributions. The results indicate that a one-year delay in graduation significantly impacts the future financial position of a student. It is estimated that students graduating in five years, rather than four years, will assume an average total economic cost between $94,921 and $114,589. Simulation results are reported and show a total economic cost range of $49,109 to $163,974.","PeriodicalId":335449,"journal":{"name":"Journal of Business and Leadership","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125556487","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
CEO compensation in U. S. based companies has undergone considerable scrutiny in recent years. Among the common observations are that U. S. executives are highly paid relative to those of other countries and that the disparities in compensations are increasing over time. In this study, we investigate the effects that backdated stock options, compensation committee structure and process, and ownership factors have on levels or executive compensation. Combining agency and organizational theory perspectives, we find CEO compensation positively associated with the presence of backdated stock options, few large-block stockholders, and small compensation committees.
{"title":"CEO Compensation, Backdated Stock Options, and Compensation Committees","authors":"S. Frankforter, J. Becton","doi":"10.58809/jpfv1941","DOIUrl":"https://doi.org/10.58809/jpfv1941","url":null,"abstract":"CEO compensation in U. S. based companies has undergone considerable scrutiny in recent years. Among the common observations are that U. S. executives are highly paid relative to those of other countries and that the disparities in compensations are increasing over time. In this study, we investigate the effects that backdated stock options, compensation committee structure and process, and ownership factors have on levels or executive compensation. Combining agency and organizational theory perspectives, we find CEO compensation positively associated with the presence of backdated stock options, few large-block stockholders, and small compensation committees.","PeriodicalId":335449,"journal":{"name":"Journal of Business and Leadership","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127106308","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study empirically determined the predictors of bid-ask spreads of equity options within the context of the current multiple-listed options market. Price emerged as the most powerful predictor followed by multiple listing. Price and volatility increased spreads, while multiple listing and volume reduced them. Multiple listing was more powerful than volume in explaining spreads. This study establishes that spread reductions prevail several years after initial multiple listing and supports the importance of competition over economies of scale in explaining spreads.
{"title":"Determinants of Option Spreads In A Multiple Listing Environment","authors":"R. Abraham, Charles W. Harrington","doi":"10.58809/mhmx9967","DOIUrl":"https://doi.org/10.58809/mhmx9967","url":null,"abstract":"This study empirically determined the predictors of bid-ask spreads of equity options within the context of the current multiple-listed options market. Price emerged as the most powerful predictor followed by multiple listing. Price and volatility increased spreads, while multiple listing and volume reduced them. Multiple listing was more powerful than volume in explaining spreads. This study establishes that spread reductions prevail several years after initial multiple listing and supports the importance of competition over economies of scale in explaining spreads.","PeriodicalId":335449,"journal":{"name":"Journal of Business and Leadership","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126669579","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Elizabeth Towell, Kenneth Elliott, B. Fox, J. Petros
This paper proposes an upper division business course, The Business Core Application Seminar, which supports three related notions in business education: integrated learning, active learning and the development of soft skills. The course encompasses a variety of student team projects culminating in a Global Expansion Feasibility Project which is course encompasses a variety of student team projects culminating in a Global Expansion Feasibility Project which is course encompasses a variety of student team projects culminating in a Global Expansion Feasibility Project which is described in detail. The course described has been delivered at a major midwestern university for many years and was recently recognized in an AACSB competition as utilizing creative and unique strategies for advancing the quality of education in business schools.
{"title":"The Business Core Application Seminar: Using Student Teams and Integrated Projects To Leverage Learning and Build Soft Skills","authors":"Elizabeth Towell, Kenneth Elliott, B. Fox, J. Petros","doi":"10.58809/jzda1938","DOIUrl":"https://doi.org/10.58809/jzda1938","url":null,"abstract":"This paper proposes an upper division business course, The Business Core Application Seminar, which supports three related notions in business education: integrated learning, active learning and the development of soft skills. The course encompasses a variety of student team projects culminating in a Global Expansion Feasibility Project which is course encompasses a variety of student team projects culminating in a Global Expansion Feasibility Project which is course encompasses a variety of student team projects culminating in a Global Expansion Feasibility Project which is described in detail. The course described has been delivered at a major midwestern university for many years and was recently recognized in an AACSB competition as utilizing creative and unique strategies for advancing the quality of education in business schools.","PeriodicalId":335449,"journal":{"name":"Journal of Business and Leadership","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126865481","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper reviews theories and evidence on the effect of “right-to-work” laws on union members’ satisfaction with their unions. With the increase of right-to-work activity at the state level, and with federal right-to-work legislation pending in Congress, this has returned as an important political issue. Following a brief review of how the hypotheses of “taste,” “free-rider,” and “bargaining power” can influence various effects of right-to-work laws, the idea of utility maximization paired with measures of union satisfaction is explored to show theoretical evidence that greater levels of union satisfaction could exist in right-to-work states than exist in non-right-to-work states. Arguments for both positive and negative effects are compared. The author proposes that, as a future area of research, empirical tests be performed that combine the concept of simultaneous equations with recently developed measures of union satisfaction.
{"title":"Effects of Right-To-Work Laws: Can They Include Higher Levels of Satisfaction For Union Workers?","authors":"S. Popejoy","doi":"10.58809/foau4300","DOIUrl":"https://doi.org/10.58809/foau4300","url":null,"abstract":"This paper reviews theories and evidence on the effect of “right-to-work” laws on union members’ satisfaction with their unions. With the increase of right-to-work activity at the state level, and with federal right-to-work legislation pending in Congress, this has returned as an important political issue. Following a brief review of how the hypotheses of “taste,” “free-rider,” and “bargaining power” can influence various effects of right-to-work laws, the idea of utility maximization paired with measures of union satisfaction is explored to show theoretical evidence that greater levels of union satisfaction could exist in right-to-work states than exist in non-right-to-work states. Arguments for both positive and negative effects are compared. The author proposes that, as a future area of research, empirical tests be performed that combine the concept of simultaneous equations with recently developed measures of union satisfaction.","PeriodicalId":335449,"journal":{"name":"Journal of Business and Leadership","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125195754","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Measuring performance is important both in the private sector and in the not-for-profit sector. Private sector performance has been measured by the changes in variables such as earnings per share, stock price, or income tax liability. Performance in the not-for-profit sector is more difficult to measure. A model that combines data envelopment analysis and regression analysis will be used to measure management performance. Data envelopment analysis will measure the organization’s efficiency, the dependent variable, and regression analysis will determine the predictability of not-for-profit financial ratios. In this paper, the Texas arts community is sampled and data is taken from the Federal Form 990s. The input variables will be the total expenses and the total of beginning assets, while the output variables will be the percentage of tickets sold and the percentage of contribution revenue received. This score is the dependent variable in the regression model. In the regression model, financial ratios developed by Greenlee and Bukovinsky (1997) will be used as the independent variables. The results show that the “program expenses to total assets” ratio is the most statistically significant ratio. The remaining ratios do not significantly increase the adjusted R2(squared). From a practical viewpoint, the results show that measuring performance requires more than quantitative measures, even in the not-for profit sector.
{"title":"Revisiting Measuring Performance In Not-For-Profit organizations","authors":"Michael Brown","doi":"10.58809/rvmw2376","DOIUrl":"https://doi.org/10.58809/rvmw2376","url":null,"abstract":"Measuring performance is important both in the private sector and in the not-for-profit sector. Private sector performance has been measured by the changes in variables such as earnings per share, stock price, or income tax liability. Performance in the not-for-profit sector is more difficult to measure. A model that combines data envelopment analysis and regression analysis will be used to measure management performance. Data envelopment analysis will measure the organization’s efficiency, the dependent variable, and regression analysis will determine the predictability of not-for-profit financial ratios. In this paper, the Texas arts community is sampled and data is taken from the Federal Form 990s. The input variables will be the total expenses and the total of beginning assets, while the output variables will be the percentage of tickets sold and the percentage of contribution revenue received. This score is the dependent variable in the regression model. In the regression model, financial ratios developed by Greenlee and Bukovinsky (1997) will be used as the independent variables. The results show that the “program expenses to total assets” ratio is the most statistically significant ratio. The remaining ratios do not significantly increase the adjusted R2(squared). From a practical viewpoint, the results show that measuring performance requires more than quantitative measures, even in the not-for profit sector.","PeriodicalId":335449,"journal":{"name":"Journal of Business and Leadership","volume":"122 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128171674","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
J. L. Stimpert, Julie A. Chesley, A. Ostrowitz, null null
Much upper echelons research focuses on the effect of CEO experience on firm performance outcomes. This paper extends this research stream using human and social capital theories as a framework to examine the effect of CEO experience on the performance of large diversified companies. Our analysis of 239 Fortune “500” companies finds that larger companies are more likely to select insiders and individuals who have more firm-specific experience to be their CEO. We also find that the selection of insiders and CEOs with more firm-specific experience is associated with significantly higher firm performance. These findings highlight the importance of the human and social capital possessed by company insiders, and shed additional light on the strategic leadership of large diversified companies and other complex organizations.
{"title":"The Insider's Advantage: CEO Experience and The Performance of Large Diversified Firms","authors":"J. L. Stimpert, Julie A. Chesley, A. Ostrowitz, null null","doi":"10.58809/enet6439","DOIUrl":"https://doi.org/10.58809/enet6439","url":null,"abstract":"Much upper echelons research focuses on the effect of CEO experience on firm performance outcomes. This paper extends this research stream using human and social capital theories as a framework to examine the effect of CEO experience on the performance of large diversified companies. Our analysis of 239 Fortune “500” companies finds that larger companies are more likely to select insiders and individuals who have more firm-specific experience to be their CEO. We also find that the selection of insiders and CEOs with more firm-specific experience is associated with significantly higher firm performance. These findings highlight the importance of the human and social capital possessed by company insiders, and shed additional light on the strategic leadership of large diversified companies and other complex organizations.","PeriodicalId":335449,"journal":{"name":"Journal of Business and Leadership","volume":"153 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127270453","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The purpose of this study was to investigate the relationship between the uses of power bases by leaders of private non-profit organizations and leaders in a bureaucratic governmental organization and the adoption of a market orientation by the firm. The study was conducted on a state bureaucracy and the corresponding newly privatized agency taking over the developed services. Today, in till attempt to make government bureaucracies more efficient and economical, there is a major shift in governmental services to the private non-profit sector (O'Connell, 1996; Rosenthal, 2000; Alexander, 2000). These private agencies are expected to employ more business-like methods (Alexander, 2000) and be more focused on their operating environment (Vasquez, Alvarez, and Santos, 2002). This study sought to extend the existing research on the relationship between the leader and the market orientation of the firm.
本研究的目的是调查私营非营利组织领导人和官僚政府组织领导人对权力基础的使用与企业采用市场导向之间的关系。这项研究是针对国家官僚机构和相应的新私有化机构接管发达服务的情况进行的。今天，为了使政府官僚机构更有效率和更经济，政府服务向私营非营利部门发生了重大转变(O'Connell, 1996;罗森塔尔,2000;亚历山大,2000)。预计这些私人机构将采用更商业化的方法(Alexander, 2000)，并更加关注其运营环境(Vasquez, Alvarez, and Santos, 2002)。本研究试图扩展现有的关于领导者与企业市场导向关系的研究。
{"title":"Empirical Study of Public Bureaucratic and Private Non-Profit organizations and The Adoption of A Market orientation","authors":"Leslie C. Tworoger","doi":"10.58809/eaam6054","DOIUrl":"https://doi.org/10.58809/eaam6054","url":null,"abstract":"The purpose of this study was to investigate the relationship between the uses of power bases by leaders of private non-profit organizations and leaders in a bureaucratic governmental organization and the adoption of a market orientation by the firm. The study was conducted on a state bureaucracy and the corresponding newly privatized agency taking over the developed services. Today, in till attempt to make government bureaucracies more efficient and economical, there is a major shift in governmental services to the private non-profit sector (O'Connell, 1996; Rosenthal, 2000; Alexander, 2000). These private agencies are expected to employ more business-like methods (Alexander, 2000) and be more focused on their operating environment (Vasquez, Alvarez, and Santos, 2002). This study sought to extend the existing research on the relationship between the leader and the market orientation of the firm.","PeriodicalId":335449,"journal":{"name":"Journal of Business and Leadership","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133575899","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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