Niranjan Chipalkatti, Massimo DiPierro, Carl Luft and John Plamondon
In 2009, effective the second-quarter, the financial accounting standards board mandated that all banks need to disclose the fair value of loans in their 10-Q filings in addition…
Abstract
Purpose
In 2009, effective the second-quarter, the financial accounting standards board mandated that all banks need to disclose the fair value of loans in their 10-Q filings in addition to their 10-K filings. This paper aims to investigate whether these disclosures reduced the level of information asymmetry about the riskiness of bank loan portfolios during the financial crisis.
Design/methodology/approach
The paper examines the impact of these disclosures on the bid-ask spread of a panel of 246 publicly traded bank holding companies. The spread serves as a proxy for information asymmetry and the ratio of the fair value of a bank’s loan portfolio to its book value is a proxy for the credit and liquidity risk associated with the same. The reaction to the first-quarter filing serves as a control to assess the reaction at the time of the second-quarter filing.
Findings
There is a significant negative association between bid-ask spread and the ratio indicating that the fair value information was useful in reducing information asymmetry during the financial crisis. A pattern was observed in the information dissemination related to the fair value of loans that is consistent with the literature that documents a delayed investor reaction to complex financial information.
Originality/value
Investors may use the fair value information to better assess the risk profile of a BHC’s loan portfolio. Also, loan fair values provide managers with data to better implement stress test models and determine optimal capital buffers.
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Elaine D. Pulakos, David W. Dorsey and Susan S. White
Although models have been published in the literature covering various aspects of the job performance domain (e.g., technical performance, contextual performance), researchers…
Abstract
Although models have been published in the literature covering various aspects of the job performance domain (e.g., technical performance, contextual performance), researchers have recently recognized a void in these models and have called for their expansion to include adaptive performance components (Campbell, 1999; Hesketh & Neal, 1999; London & Mone, 1999; Murphy & Jackson, 1999). Toward this end, Pulakos, Arad, Donovan, and Plamondon (2000) developed a taxonomy of adaptive job performance similar to the model of job performance developed by Campbell, McCloy, Oppler, and Sager (1993). This model contained eight dimensions of adaptive job performance. Pulakos et al. began their research with a review of various literatures on adaptability and identified six different aspects of adaptive performance. These are shown in Table 1, along with the research references from which they were derived. The diversity of substantive areas that are represented in the research articles cited in Table 1 is a testament to the perceived importance of adaptability across a number of behavioral disciplines. Although the idea that adaptive performance is multi-dimensional was reasonable based on the wide range of behaviors “adaptability” has encompassed in the literature (for example, adapting to organizational change, different cultures, different people, new technology), no published research prior to Pulakos et al. had systematically defined or empirically examined specific dimensions of adaptive job performance. Pulakos et al. conducted two studies to refine the six-dimension model of individual adaptive job performance derived from the literature. In Study 1, over 1,000 critical incidents from 21 different jobs were content analyzed, yielding an eight-dimension taxonomy of adaptive performance. That is, the critical incident analysis produced two additional adaptive performance dimensions that are shown at the bottom of Table 1.
Clodagh G. Butler, Deirdre O’Shea and Donald M. Truxillo
Interest in psychological resilience has grown rapidly in the last couple of decades (Britt, Sinclair, & McFadden, 2016; King & Rothstein, 2010; Youssef & Luthans, 2007)…
Abstract
Interest in psychological resilience has grown rapidly in the last couple of decades (Britt, Sinclair, & McFadden, 2016; King & Rothstein, 2010; Youssef & Luthans, 2007). Psychological resilience occurs when a person can “recover, re-bound, bounce-back, adjust or even thrive” in the face of adversity (Garcia-Dia, DiNapoli, Garcia-Ona, Jakubowski, & O’flaherty, 2013, p. 264). As such, resilience can be conceptualized as a state-like and malleable construct that can be enhanced in response to stressful events (Kossek & Perrigino, 2016). It incorporates a dynamic process by which individuals use protective factors (internal and external) to positively adapt to stress over time (Luthar, Cicchetti, & Becker, 2000; Rutter, 1987). Building on the dual-pathway model of resilience, we integrate adaptive and proactive coping to the resilience development process and add a heretofore unexamined perspective to the ways in which resilience changes over time. We propose that resilience development trajectories differ depending on the type of adversity or stress experienced in combination with the use of adaptive and proactive coping. We outline the need for future longitudinal studies to examine these relationships and the implications for developing resilience interventions in the workplace.
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Shedding light on urban transportation and, more specifically, the contemporary development of “smart” bikesharing systems (i.e. short-term bicycle rental services), the purpose…
Abstract
Purpose
Shedding light on urban transportation and, more specifically, the contemporary development of “smart” bikesharing systems (i.e. short-term bicycle rental services), the purpose of this paper is to focus on Montreal's bikesharing experiment. Known as BIXI (a contraction of the words BIcycle and taXI) since its inception in 2009, this system has been exported to other cities around the world, making it especially relevant for the analysis of this innovative and sustainable form of urban mobility.
Design/methodology/approach
By tracing the policy history of BIXI and the current political debate about its future while using a framework focusing on the role of ideas in public policy, the paper directly contributes to the literature on the growing role of bicycles in sustainable urban transportation. The qualitative analysis is based on a systematic review of government documents and BIXI-related articles published in the Montreal French- and English-language press. To complement this analysis and provide information about behind-the-lesson drawing processes leading to the creation of BIXI, six semi-structured interviews were conducted with officials in charge of bikesharing policy in Montreal, as well as in Boston and London, England, two cities that have adopted (and adapted) the BIXI model.
Findings
This analysis stresses the role of lesson drawing and framing processes in the development of Montreal's bikesharing system. While it is clear that the technological and policy developments of BIXI illustrate systematic and positive lesson drawing, on the framing and public relations side, the Montreal experiment suggests it is politically risky to boost public expectations about the potential costs of bikesharing systems for taxpayers. In addition to their innovative and sustainable contributions to urban transportation and pro-bike strategies, bikesharing systems are public investments that are not necessary free of costs for taxpayers. Framing these systems as public investments rather than a “free ride” for taxpayers would be a more accurate, and potentially effective, way to promote their development in the context of the current push for sustainable transportation policy in cities around the world.
Originality/value
What this paper offers is a sociological perspective on an emerging and important policy issue, through an original combination of lesson drawing and framing perspectives on policy development. Montreal's BIXI is one of the most discussed (and exported) bikesharing systems around the world, and this is the first detailed policy analysis devoted to its genesis and politics.
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Pedro Antonio Martín-Cervantes and María del Carmen Valls Martínez
This chapter explores how the irruption of plastic materials in contemporary society, in the same way that it facilitated a wide range of human activities, eventually degenerated…
Abstract
This chapter explores how the irruption of plastic materials in contemporary society, in the same way that it facilitated a wide range of human activities, eventually degenerated into a global danger through the contamination of rivers and seas, damaging the human food chain. In doing so, the historical background of this situation has been outlined. Moreover, the countries and areas at present that have polluting plastic substances and those that can be most easily recycled is highlighted. It should be noted that it is precisely in the area of recyclability where most hopes have been placed to counteract plastic contamination aimed at avoiding single-use plastic products. Subsequently, the different positions adopted by the members of society on this problem have been described and, by way of example, the state of the situation in a specific country, Spain, has been summarised.
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Maxwell Fordjour Antwi-Afari, Heng Li, David John Edwards, Erika Anneli Pärn, De-Graft Owusu-Manu, Joonoh Seo and Arnold Yu Lok Wong
Work-related low back disorders (LBDs) are prevalent among rebar workers although their causes remain uncertain. The purpose of this study is to examine the self-reported…
Abstract
Purpose
Work-related low back disorders (LBDs) are prevalent among rebar workers although their causes remain uncertain. The purpose of this study is to examine the self-reported discomfort and spinal biomechanics (muscle activity and spinal kinematics) experienced by rebar workers.
Design/methodology/approach
In all, 20 healthy male participants performed simulated repetitive rebar lifting tasks with three different lifting weights, using either a stoop (n = 10) or a squat (n = 10) lifting posture, until subjective fatigue was reached. During these tasks, trunk muscle activity and spinal kinematics were recorded using surface electromyography and motion sensors, respectively.
Findings
A mixed-model, repeated measures analysis of variance revealed that an increase in lifting weight significantly increased lower back muscle activity at L3 level but decreased fatigue and time to fatigue (endurance time) (p < 0.05). Lifting postures had no significant effect on spinal biomechanics (p < 0.05). Test results revealed that lifting different weights causes disproportional loading upon muscles, which shortens the time to reach working endurance and increases the risk of developing LBDs among rebar workers.
Research limitations/implications
Future research is required to: broaden the research scope to include other trades; investigate the effects of using assistive lifting devices to reduce manual handling risks posed; and develop automated human condition-based solutions to monitor trunk muscle activity and spinal kinematics.
Originality/value
This study fulfils an identified need to study laboratory-based simulated task conducted to investigate the risk of developing LBDs among rebar workers primarily caused by repetitive rebar lifting.
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Walter C Borman, Jerry W Hedge, Kerri L Ferstl, Jennifer D Kaufman, William L Farmer and Ronald M Bearden
This chapter provides a contemporary view of state-of-the science research and thinking done in the areas of selection and classification. It takes as a starting point the…
Abstract
This chapter provides a contemporary view of state-of-the science research and thinking done in the areas of selection and classification. It takes as a starting point the observation that the world of work is undergoing important changes that are likely to result in different occupational and organizational structures. In this context, we review recent research on criteria, especially models of job performance, followed by sections on predictors, including ability, personality, vocational interests, biodata, and situational judgment tests. The paper also discusses person-organization fit models, as alternatives or complements to the traditional person-job fit paradigm.
Does staffing contribute to organizational effectiveness and sustained competitive advantage, or are many of staffing’s implications merely cross-level fallacies? This article…
Abstract
Does staffing contribute to organizational effectiveness and sustained competitive advantage, or are many of staffing’s implications merely cross-level fallacies? This article provides a critical examination of staffing research and practice, and proposes a multilevel model of staffing that ties together micro (e.g. personnel selection), meso (e.g. team staffing), and macro (e.g. organizational strategy, Human Resources practices) theory, research, and practice. The model is both integrative and prescriptive, providing a basic organizing structure for examining staffing research within and across levels. The article begins with a review of multilevel theory, followed by a review and critique of the dominant staffing paradigms from a multilevel perspective. It is shown these single level paradigms cannot answer many of the primary questions of interest to staffing specialists. In contrast, the multilevel staffing model not only addresses these limitations, but also prompts a variety of new predictions that oftentimes run counter to prevailing wisdom. Staffing specialists are challenged to show how our science and practice contribute to better functioning organizations.
Rory Higgs, Anne Liao, Tracy Windsor and Shelly Ben-David
Previous research has highlighted the importance of engaging people with lived experience (PWLE) in the knowledge creation process. However, diverse approaches to engagement…
Abstract
Purpose
Previous research has highlighted the importance of engaging people with lived experience (PWLE) in the knowledge creation process. However, diverse approaches to engagement exist. In addition, tensions remain in community-engaged research (CER), including how to address structural inequalities in research settings. This study aims to consider how CER interacts with citizenship within and beyond the research context.
Design/methodology/approach
This study discusses the authors’ experiences as a majority-PWLE of psychosis research team in Canada, including successes and challenges the authors experienced building their team and navigating research institutions. This study also reflects on the authors’ pathways through citizenship, prior to and during the research process. This study discusses divergent models of CER and their applicability to the cyclical process of citizenship and community participation.
Findings
Relationships between academic and peer researchers developed organically over time. However, this study was limited by structural barriers such as pay inequality and access to funding. The authors recognize that there are barriers to full citizenship and acknowledge their resources and privilege of being well supported within their communities. Team members built on a foundation of citizenship to access participation in research. This led to opportunities to engage in community spaces, and for PWLE to participate in research as partners and leaders. This study also found that citizenship is a way of giving back, by building a sense of social responsibility.
Originality/value
Academic and peer researchers can reflect on the authors’ experiences to build more inclusive research teams and communities by using a citizenship approach to research participation.