Luis Santos-Pinto and Yuxi Chen
The purpose of this paper is to argue that large executive compensation can be one of the reasons why so many chief executive officers (CEOs) are overconfident. It also discusses…
Abstract
Purpose
The purpose of this paper is to argue that large executive compensation can be one of the reasons why so many chief executive officers (CEOs) are overconfident. It also discusses the implications of this finding for boards and human resource directors.
Design/methodology/approach
The research investigated how overconfidence – an overestimation of ability – affects how hard people work to win an elimination contest. These kinds of contests exist in the workplace where employees strive for a senior position or CEO role. The study involved a two-stage contest with four players. The first stage consists of two semi-finals. The two semi-final winners move on to compete in the second stage, the final. Overconfident players overestimate the impact of effort on their probability of winning at each stage. Each player is deemed the same, aside from their confidence levels. Finally, the study assumes an overconfident player’s bias is observable by rivals.
Findings
Overconfident individuals can have the highest chance of winning elimination contests compared to more rational rivals. When executive pay is high, and overconfidence is not too extreme, they exert more effort than their rational rivals in the semi-finals. High executive pay, or in this case, prize money, is more appealing to overconfident individuals because they think they are more likely to win the bigger prize money in the final. This can be likened to people’s careers. High executive pay incentivises overconfident employees more and they exert more effort early in their careers to achieve this.
Originality/value
To the best of the authors’ knowledge, this is one of the first studies to measure the impact of overconfidence on elimination contests, providing a new explanation for why overconfident employees often reach CEO positions. This has implications for how HR practitioners should manage overconfident and rational employees, including the effort they deliver to a business.
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José Mourato, Luís Pinto Ferreira, José Carlos Sá, Francisco J.G. Silva, Teresa Dieguez and Benny Tjahjono
This study aims to improve the reception and positioning of materials in the warehouse, as well as the internal logistics of a bus manufacturing company by acting upon the…
Abstract
Purpose
This study aims to improve the reception and positioning of materials in the warehouse, as well as the internal logistics of a bus manufacturing company by acting upon the processes of supply line management.
Design/methodology/approach
This study is based on the action research methodology which, through a practical approach, intends to generate transferrable knowledge to other organizations whose situations are similar to that of this study. The practical actions and the knowledge acquired co-create the changes needed for the improvement processes.
Findings
Through these improvements, it is possible to standardize supply and eliminate the retention of picking carts on the line, simplify the management of materials provided in supermarket boxes, improve the control of materials and facilitate the process of picking and materials storage. A kanban card-based supply system was also expanded to the bus assembly line, allowing more control over valuable materials.
Originality/value
This study has demonstrated how the implementation of lean techniques on a bus assembly line can lead to increased consistency of supply to the line and improved working conditions, both in the production and warehouse areas. Furthermore, it has set a new standard of the internal logistics processes and the inclusion of process recording in the working instructions.
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Luis Pinto, Erdener Kaynak, Clement S.F. Chow and Lida L. Zhang
The number of studies on the use of choice cues in the purchase decision of a smartphone does not appear to be extensive, given the size and rate of growth of the market…
Abstract
Purpose
The number of studies on the use of choice cues in the purchase decision of a smartphone does not appear to be extensive, given the size and rate of growth of the market. Surprisingly, it appears that no study of this type in the Chinese context has been undertaken. Therefore, the purpose of this paper is to fill the existing gap in the marketing literature in this area.
Design/methodology/approach
Best–Worst (BW) scaling method was used in the study. It is suggested that the method overcomes some of the biases commonly found in surveys where Likert-type scales are used, and it has superior discriminating power, because respondents are asked to rank the most and the least important factor from a group, and are thereby forced to make tradeoffs between factors.
Findings
Among the 13 choice cues, connectivity, price and memory capacity are found to be the most important, whereas recommendation from others, ease of handling and availability of apps are found to be the least important. Findings due to gender, income and age difference were also analyzed and discussed for orderly decision-making purposes.
Practical implications
The ranking of factors showing what choice cues consumers consider most or least important in a particular market helps practitioners to develop appropriate adaptation strategies for the market. The comparison of findings for gender, income and age difference can further help practitioners to devise various alternative marketing strategies for different market segments and identify underserved segments, if any.
Originality/value
The BW scaling method, however, appropriate in ranking order of importance, had never been used in ranking choice cues of smartphone purchase. Moreover, there seems to be a dearth of studies about ranking of choice cues on smartphone purchases in the Chinese context.
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This chapter seeks to describe the successive stages in the training and recruitment of economists at the service of the political regime that ruled over Portugal between 1926 and…
Abstract
This chapter seeks to describe the successive stages in the training and recruitment of economists at the service of the political regime that ruled over Portugal between 1926 and 1974. This chapter presents the main institutional settings for the education and practices of those who served the government in economic functions throughout this period. Its main aim is to show the changes that occurred in the understanding of the problems related with the development of the Portuguese economy, seeking to elucidate the processes of legitimation of an authoritarian regime, but also to show the signs of a critical break with a model of economic and social organization and a political regime that had reached the point of exhaustion.
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Ana Pinto de Moura, Luís Miguel Cunha, Ulisses Miranda Azeiteiro and Walter Leal Filho
Maria Cristina Sousa Gomes, Maria Luís Rocha Pinto and Gabriela Gomes dos Santos
With this reappraisal, the purpose of this paper is to present a reflexion on and discussion of the concept of quality of life (QL) with the intention of delimiting its meaning…
Abstract
Purpose
With this reappraisal, the purpose of this paper is to present a reflexion on and discussion of the concept of quality of life (QL) with the intention of delimiting its meaning and application within the scope of the research project entitled “Costs and benefits of urban dispersion on a local scale”.
Design/methodology/approach
The concept of QL contains a significant degree of complexity and multidimensional variables, in addition to the dynamic nature inherent in all social phenomena. The application of this concept at a local level and within the context of the Portuguese socio‐territorial reality requires rethinking the concept through the different authors and approaches, in order to delineate the research process, and guarantee its operationalisation, selecting the social indicators than can serve this purpose, with the intent of gaining a clearer understanding of QL as perceived and evaluated by the people and groups living in various dispersed urban areas.
Findings
From the readings of literature in the field, one can understand the importance of choosing the relevant domains when analysing and measuring QL. As with the choice of indicators, in order to be able to measure the QL, simultaneously, at a local level, the choice of indicators and the delimitation of units of analysis are also fundamental in order to be able to obtain the comparison and real measure of quality of life and not the contingencies of specific contextual characteristics.
Originality/value
The study aims to open a new research perspective in the field of social sciences, more specifically in the areas related to QL and urban dispersion.
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Over the last two decades in particular, national legislatures have passed legislation aimed at ensuring that criminals do not profit from crime. This has been in response to the…
Abstract
Over the last two decades in particular, national legislatures have passed legislation aimed at ensuring that criminals do not profit from crime. This has been in response to the rise of organised crime and to the massive amounts of money being generated, in particular, by drug trafficking. It has been an attempt to destroy ‘the heart of the monster, its financial base’. This paper seeks to demonstrate that the proceeds of crime response by national governments can be perceived as evolving through a series of different models, thus allowing a comparative approach amongst different jurisdictions. Each model is composed of elements from three different strands: money‐laundering legislation, confiscation legislation and organisational structures and arrangements. These strands have each gone through their own evolution, which will now be examined.
Helena Valente, Daniel Martins, Marta Pinto, José Luis Fernandes and Monica J. Barratt
Recent studies have shown that people who attend electronic dance music events and use drug checking services (DCS) are a predominantly white male, highly educated middle-class…
Abstract
Purpose
Recent studies have shown that people who attend electronic dance music events and use drug checking services (DCS) are a predominantly white male, highly educated middle-class population. However, there is still a lack of data beyond sociodemographic characteristics that must be addressed. This paper aims to describe the drug use patterns and protective behavior strategies (PBS) used by testers and nontesters at Boom Festival 2018 and analyze the relationship between these behaviors and the decision to use the DCS.
Design/methodology/approach
This is an exploratory research based on a cross-sectional design using baseline data collected at the Boom Festival from testers (N = 343) and nontesters (N = 115).
Findings
Nontesters presented, in general, slightly higher frequencies of use for most drugs, whereas testers tended to adopt PBS more frequently. Moreover, testers planned their drug use more often than nontesters and set more limits on the amount of drugs they used in one session. Both of these behaviors work as predictors for using the DCS.
Practical implications
Our data suggest that DCS might not be easily accessible to all people who use drugs, reaching almost exclusively highly educated people that already apply several harm reduction strategies. Actions should be taken to promote service accessibility.
Originality/value
To the best of the authors’ knowledge, this paper is the first to compare the demographics, drug use and PBS adoption of DCS users with nonusers who attended the same festival.