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The effect of situational factors on the rating ability of 28 industrial analysts was determined through the use of rating films. The rating ability was evaluated in terms of rating accuracy and consistency. Significant differences in rating accuracy were found among the analysts from five different companies. The analysts who used time standards for planning functions surprisingly rated more consistently than those who employed time standards for a wage incentive programme. Shop labour organization, union or non‐union, had no significant impact on the analysts′ rating ability. The analysts′ rating consistency was significantly better for the medium (85‐120 per cent) and fast (125‐145 per cent) pace ranges than for the slow (60‐80 per cent) pace range. The rating consistency of the fast pace range was significantly better than the medium pace range. The familiar (machining) operations were rated more accurately and consistently than the unfamiliar (sheet metal) operations. The rating accuracy for the simple operations was significantly better than the moderate and complex operations. The simple and complex operations were rated significantly more consistently than the moderate operations.

THE following list of contracts placed by the Air Ministry during March has been extracted from the April issue of The Ministry of Labour Gazette:—

The expectation gap has been presumed to be caused by the differing perceptions of the accounting profession and third parties regarding the profession’s role, responsibilities, and related performance. Prior research regarding the expectation gap has focused on diverging perceptions of different groups (i.e. financial analysts, bank loan officers, small business owners, and auditors). While this research has identified an expectation gap between auditors and certain third parties, it has neglected examining the perceptions of judicial third parties. This absence is somewhat ironic given the role that jurors and judges play in determining auditors’ legal liability. This void is filled by comparing jurors’, auditors’, and accounting students’ attitudes towards the accounting profession. Results reveal a large divergence in perceptions of auditors and jurors regarding their expectations of the accounting profession. However, accounting students responded in a manner very similar to practicing auditors.

The decision to buy a holiday home depends on a number of social, cultural, economic and demographic factors. These factors are related to home and environmental characteristics as well as demographic characteristics of buyers. The aim of this paper is to investigate the factors that shape the decision to purchase a holiday home in Greece.

This paper presents the results of a survey, involving a representative sample of potential buyers of holiday homes in Greece.

According to the research results, buying a holiday home in Greece is mainly an investment decision for the future and is determined by the value and characteristics of the house, the hidden costs and the factors that shape the external economic environment. (1) Further, the analysis has shown that there is a limited use of electronic channels in the real estate market in Greece with further potential of development.

The investigation focuses on the characteristics of the house, the variables of the external environment, (2) considering any obstacles or catalysts, such as the use of electronic channels. Even though similar studies have been conducted worldwide on the topic, very few have been carried out in Greece which lately has gone through major market changes.

This study examines the impact of sport-induced emotions on spectators' purchase intentions towards event sponsors. Spectators who experience positive emotions evoked by a home team victory are found to exhibit stronger purchase intentions towards sponsors regardless of the sponsor's ability to improve spectator emotions. Those who experience negative emotions following home team defeat show heightened purchase intentions towards sponsors perceived capable of improving their negative feelings. Purchase intention decreases when sponsors cannot assist in upwardly managing the negative feelings of spectators. Theoretical and managerial implications for sponsors of spectator sports are provided.

The complementarity factor stipulates that a sponsorship leveraging strategy can lead to suboptimal consumer responses unless advertising complements, rather than reinforces, the nature of the event-sponsor relationship. Study 1 showed that the best strategy when the sponsor is an official product provider for the event is to leverage the sponsorship through advertisements that emphasise its overall image and value as opposed to its products. However, the reverse is true when the sponsor is an official event partner, where a product-oriented sponsorship leveraging yields the best outcomes. Study 2 replicated the complementarity factor effect using a different event and different set of stimulus brands. It showed that consumer attributions, with respect to the sponsor's motivations, are the key mediating psychological mechanism.

Aarhus Kommunes Biblioteker (Teknisk Bibliotek), Ingerslevs Plads 7, Aarhus, Denmark. Representative: V. NEDERGAARD PEDERSEN (Librarian).

Though contemporaries, Adam Smith and Sir James Steuart are commonly portrayed as if they belonged to different eras. Whereas Smith went down in history as both founder of the science of political economy and patron saint of economic liberalism, Steuart became known as the last, outdated advocate for mercantilist policies in Britain. Smith himself was responsible for popularizing the notion of the “system of commerce” as an approach to political economy that dominated the early modern period. As a historiographical concept, the mercantile system became a misguided international trade theory grounded upon the Midas fallacy and the favorable balance of trade doctrine. Smith’s treatment of international trade in the Wealth of Nations, however, was criticized for its inconsistencies and lack of analytical clarity even by some among his own followers. Given Smith’s doubtful credentials as an international trade theorist, the chapter investigates the reasons that led him and Steuart to be placed on opposite sides of the mercantilist divide. The authors analyze the works of both authors in depth, showing that their disagreements had chiefly to do with different views on money and monetary policy. Additionally, the authors explore how early nineteenth-century writers such as Jean-Baptiste Say and J. R. McCulloch helped forge the intellectual profiles of both Steuart and Smith.