For investors and asset managers, expected stock returns are the rates of return over a period of time in the future that they require to earn in exchange for holding the stocks today. Expected returns are a central input in their decision process of allocating wealth across stocks, and are essential in determining their welfare. For corporate managers, expected returns on the stocks of their companies, or the costs of equity, are the rates of returns over a period of time in the future.
Dwight D. Eisenhower described leadership as “the art of getting someone else to do something you want done because he wants to do it.” Eisenhower was a successful wartime general and president. What made him successful? It was not a full head of hair and a fit physique, two of the physical traits of a CEO.
The construction or recertification of a nuclear power plant often draws considerable attention from activists concerned about safety. However, nuclear powered US Navy (USN) ships routinely dock in the most heavily populated areas without creating any controversy at all. How has the USN managed to maintain such an impressive safety record? The USN is not alone, many organizations, such as nuclear public utilities, confront the need to maintain perfect reliability or face catastrophe.
In 2007, the UK Parliament passed the Legal Services Act, with the goal of liberalizing the market for legal services in England and Wales and encouraging more competition—in response to the governmentally commissioned “Clementi” report finding the British legal market opaque, inflexible, overly complex, and insulated from innovation and competition.
As Nehru was India’s longest serving prime minister, and both triumph as well as tragedy had accompanied his tenure, this is a fit occasion for a public debate on what had been attempted in the Nehru era and the extent of its success.
Although the media hype is usually most frenetic during presidential election years, this season’s mid-term elections are generating a great deal of heat, if not much light. By October 13, contestants in 36 gubernatorial races had spent an estimated $379 million on television ads, while hopefuls in the 36 Senate races underway had spent a total of $321 million. For those addicted to politics, newspapers and magazines have long provided abundant, sometimes even insightful coverage.
While food insecurity in America is by no means a new problem, it has been made worse by the Great Recession. And, despite the end of the Great Recession, food insecurity rates remain high. Currently, about 49 million people in the U.S. are living in food insecure households. In a recently-released article in Applied Economics Policy and Perspectives my co-authors, Elaine Waxman and Emily Engelhard, and I provide an overview of Map the Meal Gap, a tool that is used to establish food insecurity rates at the local level for Feeding America.
Organizing and organizations have largely been seen as spatial constructs. Organizing has been seen as the connecting of individuals and technologies through various mechanisms, whereas organizations have been construed as semi-stable entities circumscribed by boundaries that separate them from their external environments.
A time-traveler, visiting from 1970s Britain, would be surprised by pretty much everything on the modern high street. While prestige brands such as Rolls Royce and Berry Bros. & Rudd have formed part of a much older landscape, the discriminating buyer of the Wilson and Heath eras would be astounded by the topsy-like growth of the modern luxury market.
Throughout history and across cultures, marriage has often been accompanied by substantial exchange of wealth. However, the practice has mostly died out in western societies, which is perhaps why the meanings of these marital transfers are often not well understood. In anthropological terms, a dowry can be seen as a form of pre-mortem bequest to the bride from her parents, while bride-price or groom-price is a transaction between the kin of the groom and the kin of the bride.
The business press and general media often lament that firm executives are exhibiting “short-termism”, succumbing to the pressure by stock market investors to maximize quarterly earnings while sacrificing long-term investments and innovation. In our new article in the Socio-Economic Review, we suggest that this complaint is partly accurate, but partly not.
Political Economy is back on the centre stage of development studies. The ultimate test of its respectability is that the World Bank has realised that it is not possible to separate social and political issues such as corruption and democracy from other factors that influence the effectiveness of its investments, and started using the concept.
The biggest story heading into the 2014-15 National Hockey League (NHL) season appears to not be what is happening with players on the ice. Rather, it is the people working off the ice who evaluate players’ performance on the ice that have a leading role in the NHL’s narrative. The analytics movement has come full force to professional hockey.
For years, social scientists have wondered about what causes political development and what can be done to stimulate it in the developing world. By political development, they mean the creation of democratic governments and public bureaucracies that can effectively respond to citizens’ demands.
Since World War II, homeownership has developed into the major tenure in almost all European countries. This democratization of homeownership has turned own homes from luxury items available to a lucky few into inherent and attainable life goals for many.
Why do organisations that know a crisis can cause intense damage to reputation and value take so few steps to prevent crises from happening in the first place? This is one of the perplexing questions of contemporary management.