The role of emotions arising from instability in investment behaviour / El papel de la carga emocional de la inestabilidad en el comportamiento de inversión

Abstract

Clear empirical evidence has been found on how significant changes to a person’s environment can alter their behaviour. This is important when considering investments made on the stock exchange as the variations that occur in stock market prices are frequent and continuous. This study analyses the role instability has on individual investors’ behaviour when investing in the stock market. The results suggest that instability in investment situations plays a significant role in individual investors’ behaviour, probably due to the emotional effect provoked by the possibility of suddenly losing savings. This would modify the perception investors have about investing as well as their intentions, attitudes and feelings of control in regards to investment in financial markets, thus hindering the capacity to predict their behaviour.     

The organizing process of the American railroad business from an evolutionary perspective

The early organizing process of the American railroads could be periodized as follows: Railroad technology become perfected by the 1860s, the national network become perfected by the 1880s, and self‐sustaining railroad systems by the 1900s. The evolutionary path seems to be largely dictated by the “perfection” of stable configurations of “lower levels,” such as technological standards (e.g., uniform standard time). In the American railroads, on each level of activity there was a process of convergence, learning and coordination of pre‐existing components toward “equilibrium,” that allowed the emergence of new combinations, i.e. new levels of integration. Thus, convergent level‐specific process, i.e. the standardization and formalization of existing activities, was an essential step for radical process of divergence in the American railroads.     

Perception and Understanding of Bribery in International Business

This study examines attitudes toward bribery in international business and whether such attitudes differ between men and women. Results of surveys of adults studying for careers in international business indicate ambivalent and nuanced attitudes over bribe giving/taking with significant differences by sex with respect to specific hypothetical situations, suggesting a gender gap on matters of bribery. It is recommended that academic curriculum and management development programs stress ethics and legality and focus on the Foreign Corrupt Practices Act and similar antibribery laws so that aspiring managers are properly trained to recognize and manage the challenges prevalent in conducting business internationally.     

The Effect of Pedagogy on Students' Perceptions of the Importance of Ethics and Social Responsibility in Business Firms

Human moral rights place justified limits on what people are free to do to one another. Animals also have moral rights, and arguments to support the use of animals in scientific research based on the benefits allegedly derived from animal model research are thus invalid. Animals do not belong in laboratories because placing them there, in the hope of benefits for others, violates their rights.     

The study of organizational behaviour in family business

Family businesses (FBs)—enterprises that are significantly influenced by family members and kinship ties—are ubiquitous and play a crucial role across all world economies. Because of the embeddedness of family and business systems in FB, these organizational forms are theoretically distinct from their non-family counterparts. Curiously, FBs have been largely overlooked in the organizational behaviour (OB) literature. The limited available research at the interface of OB and FB highlights the importance of FB as a unique context to advance OB theories, and of OB as a promising discipline to increase our understanding of FB. In a selective review of literature focused on the four topics of values and goals, leadership and power, trust and justice, and conflict, we discuss how insights from the general theory of communal and exchange relationships open exciting avenues for research at the FB-OB interface. Rich fruits of intellectual harvest await scholars who focus on behavioural research in FB.     

A Religious Profile of American Entrepreneurs

The entrepreneur is a celebrated figure in American society. These innovative risk‐takers hold an influential place in the economy and in popular culture. Substantial research has gone into identifying characteristics associated with these individuals, but research on entrepreneurs and religion is surprisingly sparse and inconsistent. Using national survey data, we examine religious affiliation, belief, and behavior for Americans who have started or are trying to start a business. American entrepreneurs appear no different than nonentrepreneurs in religious affiliation, belief in God, or religious service attendance. They do tend to see God as more personal, pray more frequently, and are more likely to attend a place of worship that encourages business activity. A discussion of implications concludes the research note.     

Governance Processes and Change Within Organizational Participants of Multi-sectoral Community Health Care Alliances: The Mediating Role of Vision,Mission, Strategy Agreement and Perceived Alliance Value

Multi-sectoral community health care alliances are organizations that bring together individuals and organizations from different industry sectors to work collaboratively on improving the health and health care in local communities. Long-term success and sustainability of alliances are dependent on their ability to galvanize participants to take action within their ‘home’ organizations and institutionalize the vision, goals, and programs within participating organizations and the broader community. The purpose of this study was to investigate two mechanisms by which alliance leadership and management processes may promote such changes within organizations participating in alliances. The findings of the study suggest that, despite modest levels of change undertaken by participating organizations, more positive perceptions of alliance leadership, decision making, and conflict management were associated with a greater likelihood of participating organizations making changes as a result of their participation in the alliance, in part by promoting greater vision, mission, and strategy agreement and higher levels of perceived value. Leadership processes had a stronger relationship with change within participating organizations than decision-making style and conflict management processes. Open-ended responses by participants indicated that participating organizations most often incorporated new measures or goals into their existing portfolio of strategic plans and activities in response to alliance participation.     

Personality aspects of entrepreneurship: A look at five meta-analyses

Research on personality aspects of entrepreneurship, recently summarized in five meta-analyses, has intensified during the past two decades. Internationally, entrepreneurship has been recognized as highly important for socio-economic prosperity. After discussing a few basic concepts relating task and context of entrepreneurship to personality characteristics the main results of the meta-analyses are reported. In the system of the Big Five, personality traits make a difference when entrepreneurs are compared with managers (C+, O+, E+, N−, A−). They are also relevant in predicting entrepreneurial intention (C+, O+, N−, E+) and entrepreneurs’ performance (C+, O+, E+, N−). For other more specific scales that have frequently enough been used and could therefore be included in meta-analyses (e.g., readiness for innovation, proactive personality, generalized self-efficacy, stress tolerance, need for autonomy, locus of control) have also been reported significant correlations with business creation and business success. Risk propensity supports business foundation, but not necessarily business success. Achievement motivation is favourable both for business foundation and business success. The effect sizes are mostly small, some moderate. Complementing the results of the meta-analyses, some recent single studies on mediator or moderator effects are briefly reviewed.     

Psychological model of the successor of the family business based on cognitive process simulation

Nowadays, the economy of our society is in a period of transition, and there are many family businesses that also face the problem of successors' handover; moreover, whether the succession process is carried out smoothly will affect the success of the future development of the family business. In the real society, the wrong selection of the next successor in the family business and the failure of the successor in receiving enough preparations all can lead to the final collapse of the family business, which is common. This is no reason for people to think seriously about the successors. In this paper, based on the related theory of cognitive science, the psychological model of the successor of the family business and its influence on the internationalization of family business were studied and analyzed.