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Deep pockets or empty coffers? Functional expenses, contribution revenue and the ability of nonprofits to pivot during COVID-19 腰缠万贯还是囊空如洗?功能性支出、捐款收入和非营利组织在 COVID-19 期间的转折能力
IF 0.8 Q4 BUSINESS Pub Date : 2023-12-04 DOI: 10.1108/ajb-07-2023-0117
Cari Burke-Kolehmainen, Melissa Intindola
PurposeWithin the context of the nonprofit resiliency framework, the authors use nonprofit functional expenses and contribution revenue to explore how the COVID-19 pandemic affected the ability of nonprofits in different subsectors to carry out their mission, as well as their ability to “pivot” fundraising strategies to integrate social media and digital engagement.Design/methodology/approach The authors use IRS form 990 return data for organizations with a year-end return that includes at least six months of COVID-19 impact (“Wave 1 Effects” period) and also have a prior-year return (“Business as Usual” period). The authors use Wilcoxon signed rank tests to examine whether there are differences in our variables of interest between the two periods.FindingsWhile the majority of nonprofits in most subsectors experienced a significant decrease in program spending, fundraising spending and fundraising efficiency ratios between the two time periods, the authors found variation in the change in contribution revenue and fundraising ratio between the two periods between subsectors. The authors also find that the percentage of nonprofits able to “pivot” their fundraising strategies varies by subsector between 13.33 and 31.23%.Originality/valueThis paper provides new information regarding the pandemic's initial effect on nonprofit program and fundraising spending, the related contribution revenue and the ability of nonprofits to “pivot” fundraising to remote strategies. The authors propose a more robust fundraising efficiency measure and a new measure indicating a nonprofit's “ability to pivot” their fundraising strategy. The authors encourage future researchers to conduct further longitudinal studies to understand how these effects may continue or change.
在非营利组织弹性框架的背景下,作者使用非营利组织的功能费用和捐款收入来探索COVID-19大流行如何影响不同子行业的非营利组织执行其使命的能力,以及他们“支点”筹款策略以整合社交媒体和数字参与的能力。设计/方法/方法作者使用美国国税局990表格回报数据,这些组织的年终回报包括至少六个月的COVID-19影响(“第一波影响”时期),也有上一年的回报(“一切照旧”时期)。作者使用Wilcoxon符号秩检验来检查两个时期之间我们感兴趣的变量是否存在差异。研究发现:虽然在两个时间段内,大多数子行业的非营利组织在项目支出、筹款支出和筹款效率方面都出现了显著下降,但作者发现,在两个时间段内,子行业之间的捐款收入和筹款比率的变化存在差异。作者还发现,能够“调整”筹款策略的非营利组织的比例因行业而异,在13.33%到31.23%之间。原创性/价值本文提供了关于疫情对非营利项目和筹款支出的初步影响、相关捐款收入以及非营利组织将筹款“转向”远程战略的能力的新信息。作者提出了一个更稳健的筹款效率衡量标准和一个新的衡量标准,表明非营利组织的“转向能力”他们的筹款策略。作者鼓励未来的研究人员进行进一步的纵向研究,以了解这些影响如何持续或变化。
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引用次数: 0
CEO political ideology and credit risk assessment CEO政治意识形态与信用风险评估
Q4 BUSINESS Pub Date : 2023-11-15 DOI: 10.1108/ajb-04-2023-0060
Shuo Li
Purpose The authors examine the role of CEO political ideology in the credit rating process. Design/methodology/approach This study adopts a quantitative method with panel data regressions using a sample of 5,211 observations from S&P 500 firms from 2001 to 2012. Findings The authors find that firms run by Republican-leaning CEOs, who tend to have conservative political ideologies, enjoy more favorable credit ratings than firms run by Democratic-leaning CEOs. In addition, the association between CEO political ideology and credit ratings is more pronounced for firms with high operating uncertainty, low capital intensity, high growth potential, weak corporate governance and low financial reporting quality. Finally, the authors find that CEO political ideology affects a firm's cost of debt incremental to credit ratings, consistent with debt investors incorporating CEO political ideology in their pricing decisions. Research limitations/implications Leveraging CEO political ideology, the authors document that credit rating agencies incorporate managerial conservatism in their credit rating decisions. This finding suggests that CEO political ideology serves as a meaningful signal for managerial conservatism. Practical implications The study suggests that credit rating agencies incorporate CEO political ideology in their credit rating process. Other capital market participants such as auditors and retail investors can also use CEO political ideology as a proxy for managerial conservatism when evaluating firms. Social implications The paper carries practical implications for practitioners, firm executives and regulators. The results on the association between CEO political ideology and credit ratings suggest that other financial institutions could also incorporate CEO political ideology in their evaluation in their evaluation of firms. For example, when evaluating audit risk and determining audit pricing, auditors may add CEO political ideology as a risk factor. For firms, especially those that have Democratic-leaning CEOs, the authors suggest that they could reduce the unfavorable effect of CEO political ideology on credit ratings by improving their corporate governance and financial reporting quality, as demonstrated in the cross-sectional analyses. Finally, this study shows that CEO political ideology, as measured by CEOs' political contributions, is closely related to a firm's credit ratings. This finding may inform regulators that greater transparency for CEOs' political contributions is needed as information on contributions could help capital market participants perform risk analyses for firms. Originality/value Credit rating agencies release their research methodologies for determining corporate credit ratings and identify managerial conservatism as an important factor that affects their risk assessments. The extant literature, however, has not empirically investigated the relation between credit ratings and managerial conservatism, which, ac
目的研究CEO政治意识形态在信用评级过程中的作用。设计/方法/方法本研究采用面板数据回归的定量方法,使用2001年至2012年标准普尔500指数公司的5,211个观察样本。作者发现,倾向共和党的首席执行官经营的公司往往有保守的政治意识形态,比倾向民主党的首席执行官经营的公司享有更有利的信用评级。此外,对于经营不确定性高、资本密集度低、增长潜力大、公司治理薄弱、财务报告质量低等企业,CEO政治意识形态与信用评级之间的关联更为明显。最后,作者发现CEO的政治意识形态会影响企业信用评级的债务增量成本,这与债务投资者将CEO的政治意识形态纳入其定价决策相一致。利用CEO的政治意识形态,作者证明信用评级机构在其信用评级决策中纳入了管理保守主义。这一发现表明,CEO的政治意识形态是管理层保守主义的一个有意义的信号。研究表明,信用评级机构将CEO的政治意识形态纳入其信用评级过程。其他资本市场参与者,如审计师和散户投资者,在评估公司时也可以将首席执行官的政治意识形态作为管理保守主义的代表。本文对从业人员、公司高管和监管者具有实际意义。CEO政治意识形态与信用评级之间的关联结果表明,其他金融机构也可以将CEO政治意识形态纳入其对企业的评价中。例如,在评估审计风险和确定审计定价时,审计人员可以将CEO的政治意识形态作为风险因素。对于公司,特别是那些有民主党倾向的CEO的公司,作者建议他们可以通过改善公司治理和财务报告质量来减少CEO政治意识形态对信用评级的不利影响,如横断面分析所示。最后,本研究表明,CEO的政治意识形态(以CEO的政治贡献衡量)与公司的信用评级密切相关。这一发现可能会告诉监管机构,ceo的政治献金需要更大的透明度,因为有关献金的信息可以帮助资本市场参与者为公司进行风险分析。原创性/价值信用评级机构公布了确定企业信用评级的研究方法,并将管理保守性确定为影响其风险评估的重要因素。然而,现有文献尚未实证研究信用评级与管理保守主义之间的关系,根据行为一致性理论,管理保守主义可以用CEO的政治意识形态来代替。本研究提供了新的经验证据,证明CEO的政治意识形态是信用评级过程中的重要输入因素。
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引用次数: 0
Economics of Wildlife Tourism and Its Challenges: A Case Study of Nimule National Park, South Sudan 野生动物旅游经济学及其挑战:以南苏丹Nimule国家公园为例
Q4 BUSINESS Pub Date : 2023-10-24 DOI: 10.33423/ajm.v23i4.6525
Joseph Mayindo Mayele, Sakurai Takeshi, Emmanuel Joel Saburi
Wildlife tourism plays an important role in the generation of foreign revenues in many developing countries, although its role is becoming increasingly less feasible. This study sought to determine the economics of wildlife tourism between 2009-2014 and the communities’ perception of Nimule National Park (NNP). A randomly collected cross-sectional survey data of 300 participants were used and the descriptive and inferential analyses were done using PAST statistical software program. The results showed total income generated between 2009 and 2014 was 21,548.15 USD, with 2012 earning the largest share (10,319 USD). 92% of tourists who visited NNP were foreigners, majorly for wildlife watching (48%) and photographing. Local communities’ benefits were wild fruits and fuelwood collection. About 60% of respondents opposed park entry charges, although most were subjective. Human-wildlife conflicts (73.8%) and poor infrastructure (66.4%) were the communities’ and park’s challenges. Notwithstanding the unexpected conflict in 2013, the tourism sector can still be promising with genuine peace or security in the country.
在许多发展中国家,野生动物旅游在创造外国收入方面发挥着重要作用,尽管其作用越来越不可行。本研究旨在确定2009-2014年间野生动物旅游的经济状况和社区对Nimule国家公园(NNP)的看法。采用随机抽取300人的横断面调查资料,采用PAST统计软件进行描述性和推理性分析。结果显示,2009年至2014年的总收入为21,548.15美元,其中2012年的收入份额最大(10,319美元)。92%的游客是外国人,主要是为了观赏野生动物(48%)和摄影。当地社区的利益是野生水果和薪柴收集。大约60%的受访者反对收取公园入场费,尽管大多数人都是主观的。与野生动物的冲突(73.8%)和基础设施落后(66.4%)是社区和公园面临的挑战。尽管2013年发生了意想不到的冲突,但旅游业仍然有望实现真正的和平或安全。
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引用次数: 0
Investor attention during soccer World Cups 世界杯期间投资者的关注
Q4 BUSINESS Pub Date : 2023-10-24 DOI: 10.1108/ajb-09-2022-0141
Manuel Lobato, Mario Jordi Maura, Javier Rodriguez, Herminio Romero-Perez
Purpose This study aims to examine investor attention by exploring the trading behavior of investors in US-based exchange traded funds (ETFs) of countries active in the Federation Internationale de Football Association (FIFA) World Cups. Design/methodology/approach The present study employs event study methodology to measure abnormal returns and excess trading volume of country-specific ETFs during six FIFA World Cups. The sample of ETFs includes 19 participating countries. Findings Consistent with investor behavior that might be explained by attention effect, the study finds that country-specific ETFs from participating countries do indeed behave differently during FIFA World Cups events. The authors find significant evidence of abnormal trading volume and, albeit weaker, abnormal returns during cups. Originality/value This study contributes to the literature on investor behavior, linking investor attention with salient sports events.
本研究旨在通过探讨国际足联世界杯参赛国的美国交易所交易基金(etf)投资者的交易行为,来检验投资者的注意力。设计/方法/方法本研究采用事件研究方法来衡量六届世界杯期间特定国家etf的异常收益和超额交易量。etf样本包括19个参与国。研究发现,与可能用注意力效应解释的投资者行为相一致的是,该研究发现,来自参与国的特定国家etf在世界杯期间的表现确实有所不同。作者发现了大量证据,证明在杯子期间存在异常交易量和异常回报(尽管较弱)。独创性/价值本研究对投资者行为的文献有所贡献,将投资者的注意力与重大体育赛事联系起来。
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引用次数: 0
Millennials, the Last Standing Heroes of the Workforce: A Comprehensive Literature Review on Synching Millennials’ Values With Organizational Culture to Boost Retention Rates 千禧一代,劳动力中最后的英雄:关于将千禧一代的价值观与组织文化同步以提高保留率的综合文献综述
Q4 BUSINESS Pub Date : 2023-10-24 DOI: 10.33423/ajm.v23i4.6526
DeQuindre Spencer, Maria Kalyvaki
This paper dives into millennials' role in the workplace, merging generational insights with foundational research. According to Mannheim’s theory, generational distinctions stem from upbringing, societal values, environmental circumstances, and key events. Works by Rescher and Viega underline the importance of value alignment, emphasizing its effect on job satisfaction, behavior, and productivity. Drucker's theory stresses the power of managerial authority on employee retention. As traditional management methods become outdated, emphasis on attraction, selection, turnover, and talent development becomes paramount. Recognizing what drives this key demographic is pivotal for talent retention. Millennials, labeled here as the Hero generation due to their vast numbers, demand recognition and alignment with their values for effective retention. Ignoring this can be financially disastrous for businesses. The insights offered in this paper offer a competitive edge for organizations aiming to harness and retain millennial talent in a dynamic business landscape.
本文深入探讨了千禧一代在工作场所的角色,将代际见解与基础研究相结合。根据曼海姆的理论,代际差异源于教养、社会价值观、环境环境和关键事件。Rescher和Viega的作品强调了价值一致性的重要性,强调了它对工作满意度、行为和生产力的影响。德鲁克的理论强调管理权威对员工保留的影响。随着传统管理方法的过时,强调吸引、选择、流动和人才发展变得至关重要。认识到是什么推动了这一关键人群的发展,对于留住人才至关重要。千禧一代,在这里被称为英雄一代,因为他们人数众多,需要得到认可,并与他们的价值观保持一致,才能有效地留住他们。忽视这一点可能会给企业带来财务上的灾难。本文提供的见解为旨在在动态商业环境中利用和留住千禧一代人才的组织提供了竞争优势。
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引用次数: 0
Operations Strategy 4.0 – What Will It Be Like and How Will It Lead to the Ideal of an Integrated Organisation? 运营战略4.0——它将会是什么样子?它将如何实现一体化组织的理想?
Q4 BUSINESS Pub Date : 2023-10-24 DOI: 10.33423/ajm.v23i4.6527
R. Jayaraman
Operations Strategy (OS) gained a new perspective after the introduction of the Malcolm Baldrige Model for Business Excellence (MBM), in 1987. Many companies adopted the MBM framework, along with Balanced Score Cards (BSC) and the Annual Quality Improvement Plans (AQUIP) methodology, to achieve world class performance through the creation of ‘integrated organisations’ using Quality Operations Strategy (QOS) as a key driver. With the advent of Industry 4.0 (I 4.0), the possibility of creating a truly integrated organisation appears to have gained momentum. Quality Operations Strategy 4.0 (QOS 4.0) is expected to drive Business Excellence (BE) in digitalised companies in the near future, by creating integrated organisations using MBM and I 4.0 techniques. This paper traces the evolution of the QOS, and its possible evolution in the era of I 4.0.
运营战略(OS)在1987年引入马尔科姆·鲍德里奇商业卓越模型(MBM)后获得了新的视角。许多公司采用MBM框架,以及平衡计分卡(BSC)和年度质量改进计划(AQUIP)方法,通过创建以质量运营战略(QOS)为关键驱动因素的“综合组织”来实现世界级的绩效。随着工业4.0 (i4.0)的出现,创建一个真正集成组织的可能性似乎已经获得了动力。质量运营战略4.0 (QOS 4.0)有望在不久的将来通过使用MBM和i4.0技术创建集成组织,推动数字化公司的业务卓越(BE)。本文追溯了QOS的演变过程,以及在i4.0时代QOS可能的演变过程。
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引用次数: 0
Post-Succession Turnover in Family-Owned Businesses: A Theoretical Framework 家族企业继任后的人员流动:一个理论框架
Q4 BUSINESS Pub Date : 2023-10-24 DOI: 10.33423/ajm.v23i4.6523
Bryan L. Rogers, James M. Vardaman, Peyton M. Berry
Transgenerational succession is a primary aim of family businesses. The succession event often has consequences for the employees of the firm. A particular risk is employee turnover in the aftermath of transgenerational succession. Understanding the factors that retain employees in the wake of a succession event is of vital importance. The model presented here offers insight into the importance of successor characteristics and the trust that they evoke in fostering family business employee retention. This work has significant implications for how to maintain efficiency after a succession event for family business scholars and managers alike.
跨代传承是家族企业的主要目标。继任事件通常会对公司的员工产生影响。一个特别的风险是在跨代继承之后的员工流动。了解继任事件发生后留住员工的因素至关重要。本文提出的模型揭示了继承人特征的重要性,以及他们在培养家族企业员工保留方面所唤起的信任。这项研究对家族企业学者和管理者如何在继任事件后保持效率具有重要意义。
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引用次数: 0
Constructs and Theoretical Connections of Disability Management Policies, Managerial Behaviours, and Return-To-Work Outcomes 残障管理政策、管理行为和重返工作成果的构建和理论联系
Q4 BUSINESS Pub Date : 2023-10-24 DOI: 10.33423/ajm.v23i4.6524
Mike Annett
The workplace reintegration of employees that have recovered from longer-term injury or illness is usually legally required and often challenging to complete. This article pertains to disability management policies, managerial behaviours, and return-to-work outcomes of such reintegration activities. Previous research has neglected the intermediary role of managers in the return-to-work process. To remedy this gap, descriptions and categorizations of pertinent disability management policies, manager behaviours, and outcomes, as well as theoretical explanations for the connections between these constructs, are presented. The central nature of managerial behaviours is noted. Consequently, the article provides structure to support additional research on the relationship between policies, behaviours, and outcomes. Further, the presented logical model offers pathway guidance for diagnostic and initiative actions for the reintegration of employees to the workplace.
从长期受伤或疾病中康复的雇员重返工作场所通常是法律要求的,而且往往很难完成。本文涉及残疾管理政策、管理行为以及此类重返社会活动的重返工作成果。以往的研究忽略了管理者在重返工作岗位过程中的中介作用。为了弥补这一差距,本文对相关的残疾管理政策、管理者行为和结果进行了描述和分类,并对这些结构之间的联系进行了理论解释。注意到管理行为的核心性质。因此,本文为进一步研究政策、行为和结果之间的关系提供了框架。此外,所提出的逻辑模型为员工重新融入工作场所的诊断和主动行动提供了路径指导。
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引用次数: 0
A Practical Guide to Writing Performance Appraisals and Letters of Recommendation 写绩效评估和推荐信的实用指南
Q4 BUSINESS Pub Date : 2023-10-24 DOI: 10.33423/ajm.v23i4.6494
W. Terry Dancer
Writing performance appraisals and letters of recommendation is a difficult and timely task for some. This paper provides direction to writers about choosing applicable words for those being evaluated. This is accomplished by providing a list of words useful in describing characteristics of those under consideration. This paper considers Mentality, Presence, Disposition, Character, Knowledge, Application, and Results regarding the person under evaluation. For each characteristic noted, a list of words is provided to reflect the appropriate word/words to describe the individual. The paper also provides a template useful for getting started in the writing of performance appraisals and Letters of Recommendation.
对一些人来说,写绩效评估和推荐信是一项困难而及时的任务。本文为作者选择合适的评价词提供了指导。这是通过提供一个用于描述所考虑的特征的有用单词列表来实现的。 本文考虑了被评估人的心态、存在、性格、知识、应用和结果。对于所指出的每个特征,提供了一个单词列表,以反映描述个体的适当单词。本文还为开始撰写绩效评估和推荐信提供了一个有用的模板。
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 This paper considers Mentality, Presence, Disposition, Character, Knowledge, Application, and Results regarding the person under evaluation. For each characteristic noted, a list of words is provided to reflect the appropriate word/words to describe the individual. The paper also provides a template useful for getting started in the writing of performance appraisals and Letters of Recommendation.","PeriodicalId":44116,"journal":{"name":"American Journal of Business","volume":"59 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135316491","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}
引用次数: 0
Current Trend in Gender Stereotypes and Unpaid Care Work: Evidence From Three Countries, the UK, Nigeria, and Ghana 性别刻板印象和无偿护理工作的当前趋势:来自英国、尼日利亚和加纳三国的证据
Q4 BUSINESS Pub Date : 2023-10-24 DOI: 10.33423/ajm.v23i4.6493
Charles-Monwuba Ifeoma
Unpaid caregiving is a worldwide phenomenon. 42% of women cannot secure jobs because they are responsible for caregiving. Women and girls undertake more than 75% of unpaid care work in the world. The UN Sustainable Development Goals 5 and target 5.4 aim to promote the rights and well-being of women and care providers but will remain unattainable if the rising trend in unpaid care work is ‘unchecked’. To interrogate present developments in unpaid care work, this article critically examines the trend in three countries: the United Kingdom, Nigeria, and Ghana. This study is important because, despite years of awareness, there appears to be an uneven change in the situation of unpaid care work globally. Gender stereotypes continue to be a cultural concern. This paper leveraged the Altercasting Theory and textual content analysis method. The study concludes that there is still a need to improve the situation of unpaid care work as it is not adequately indexed in the national economic indicators of some countries.
无偿看护是一个世界性的现象。42%的女性因为要照顾孩子而找不到工作。妇女和女童承担着世界上75%以上的无偿护理工作。联合国可持续发展目标5和具体目标5.4旨在促进妇女和护理提供者的权利和福祉,但如果无偿护理工作不断增加的趋势得不到遏制,这些目标将无法实现。为了探究目前无偿护理工作的发展,本文批判性地考察了三个国家的趋势:英国、尼日利亚和加纳。这项研究很重要,因为尽管人们多年来一直意识到这一点,但在全球范围内,无偿护理工作的情况似乎存在不平衡的变化。性别刻板印象仍然是一个文化问题。本文运用了交替铸造理论和文本内容分析法。该研究的结论是,仍有必要改善无偿护理工作的状况,因为在一些国家的国民经济指标中,这一状况没有得到充分的反映。
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引用次数: 0
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American Journal of Business
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