Brian A. Maris and Larry Watkins
Arizona Snowbowl, a ski area located in northern Arizona, experienced several years of inadequate snowfall resulting in both operating losses and negative cash flows. The CEO had…
Abstract
Arizona Snowbowl, a ski area located in northern Arizona, experienced several years of inadequate snowfall resulting in both operating losses and negative cash flows. The CEO had to decide whether to commit $750,000 for an Environmental Impact Statement (EIS) related to a proposed $19.77 million snowmaking project that uses reclaimed wastewater. U.S. Forest Service approval was required. Data for this case were obtained from the EIS that the Snowbowl submitted to the U.S. Forest Service (USFS). Estimated skier days, revenue levels, capital costs and interest rates are provided to facilitate the decision modeling process. Students are expected to analyze the financial information and decide whether or not undertaking the EIS project is cost effective while taking into account the possibility that the regulatory and legal system might not allow the project to go forward.
Mary A. Tinkham and Brian H. Kleiner
Discusses the reasons why service quality is difficult to control,methods to increase the control of services by improving the servicesystem, and ways in which top managers can…
Abstract
Discusses the reasons why service quality is difficult to control, methods to increase the control of services by improving the service system, and ways in which top managers can avoid flaws made in service performance, and improve service quality. Argues that management must follow the example set by top service performers and become equally committed to improving quality.
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Ken Yook, William C. Hudson, Steven Cole and Partha Gangopadhyay
An examination of insider trading before and after the announcement of Credit Watch placements sheds new light on the study of both bond rating changes and insider trading. This…
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An examination of insider trading before and after the announcement of Credit Watch placements sheds new light on the study of both bond rating changes and insider trading. This paper utilizes Credit Watch placements classified by 11 indentifiable trigger events for the years 1981‐1990. We find significant insider purchases before positive implication placements, but no sales before negative implication placements. Among individual trigger events, we observe significant insider purchases before and after placements due to improved operating performance, bidding on a firm with a higher debt rating and firms increasing their debt‐to‐equity ratios. Significant insider purchases are found before placements due to purchasing assets. Significant insider sales are found before and after placements due to poor operating performance.
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Outlines previous research relevant to the risks involved in residential mortgages and suggests some reasons for the gap between theory and market practice. Develops a model which…
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Outlines previous research relevant to the risks involved in residential mortgages and suggests some reasons for the gap between theory and market practice. Develops a model which adds household income, ability to pay problems and mortgage underwriting constraints to the standard pricing models, using a combination of Monte Carlo simulation and the backward finite difference method to apply it to data on house prices, income and interest rates for 62 US metropolitan areas. Discusses the results which suggest that prepayment risk dominates default risk in all except very low growth housing markets. Adds that increasing loan‐to‐value levels decrease loan values in low growth markets, slightly increase them in high growth/low volatility markets (due to decline in prepayment risk), but have little impact on high growth/high volatility markets (because they are offset by changes in default and prepayment costs). Considers the practical implications of the findings, e.g. for portfolio managers.
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Presents a special issue, enlisting the help of the author’s students and colleagues, focusing on age, sex, colour and disability discrimination in America. Breaks the evidence…
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Presents a special issue, enlisting the help of the author’s students and colleagues, focusing on age, sex, colour and disability discrimination in America. Breaks the evidence down into manageable chunks, covering: age discrimination in the workplace; discrimination against African‐Americans; sex discrimination in the workplace; same sex sexual harassment; how to investigate and prove disability discrimination; sexual harassment in the military; when the main US job‐discrimination law applies to small companies; how to investigate and prove racial discrimination; developments concerning race discrimination in the workplace; developments concerning the Equal Pay Act; developments concerning discrimination against workers with HIV or AIDS; developments concerning discrimination based on refusal of family care leave; developments concerning discrimination against gay or lesbian employees; developments concerning discrimination based on colour; how to investigate and prove discrimination concerning based on colour; developments concerning the Equal Pay Act; using statistics in employment discrimination cases; race discrimination in the workplace; developments concerning gender discrimination in the workplace; discrimination in Japanese organizations in America; discrimination in the entertainment industry; discrimination in the utility industry; understanding and effectively managing national origin discrimination; how to investigate and prove hiring discrimination based on colour; and, finally, how to investigate sexual harassment in the workplace.
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Between the 1830s and 1990s, thousands of Irish women were incarcerated without due process in magdalen asylums for sexual behaviour that violated the Catholic Church’s moral…
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Between the 1830s and 1990s, thousands of Irish women were incarcerated without due process in magdalen asylums for sexual behaviour that violated the Catholic Church’s moral code. The asylums were operated by congregations of nuns that sought to protect society from the contagion of “wayward” women while simultaneously attempting to reform them through a harsh regimen of laundry work and devotional rituals. Some penitents, as the inmates were often called, embraced the institutional life of labour and prayer with such sincerity that they advanced to the nun‐like status of the Sisters Magdalen. Most simply endured lives of drudgery indistinguishable from slavery until either death or release upon the intervention of relatives. The asylum system had no basis in law and its shadowy existence, its ability to avoid scrutiny or regulation, and its survival until very recent times, illustrate in a striking manner the hegemonic power of the Church in Ireland.
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This article discusses information sources and critical interpretations of Mary Shelley's life and her most important work, Frankenstein: Or, the Modern Prometheus. In addition to…
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This article discusses information sources and critical interpretations of Mary Shelley's life and her most important work, Frankenstein: Or, the Modern Prometheus. In addition to publishing history and information about revisions, translations, inclusion in collections, and references to possible sources of the story, it will evaluate some biographical material about Mary Shelley and her family, and their influence on her. Finally, various critical approaches, the growth of interest in both the writer and her work, and possible reasons for it will be noted.