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A study was conducted to determine how managers bias the tone of forward-looking narratives. Techniques of manual content analysis are used to measure tone, and positive, neutral, and negative statements are aggregated into an overall measure of tone. It is concluded that there is a need to reconsider the unregulated nature of forward-looking narratives.

We hypothesized that, in a masculine task, only token women leaders who were empowered through position (by being appointed leader) and expertise (trained with task-relevant information) and legitimated by a male experimenter as credible would be more effective in influencing the performance of their all-male groups than appointed-only and appointed-trained leaders. Thirty women undergraduates each led a small group of male students on a moon survival task. The hypothesis was supported. Videotapes of group interactions revealed that appointed-trained leaders interrupted group members and used tentative tag questions in failed attempts to share their task-relevant knowledge. In addition, group members reported the-most dissatisfaction with appointed-trained leaders who, without legitimacy, violated diffused gender roles by presuming to be expert on a masculine task. The importance of the organizational empowerment of token women is underscored.

Introduction: The African American church is a highly influential institution with the potential to greatly increase the reach of HIV prevention interventions and address HIV‐related stigma in US African American communities. However, there are few studies on HIV‐related stigma and African American church populations. This study explored HIV‐related stigma among church and community members participating in an HIV education and testing intervention pilot study in African American churches, named Taking It to the Pews. Methods: Four African American churches located in Kansas City, MO and KS, were randomized to either intervention or comparison groups. Churches assigned to the intervention group received religiously tailored HIV education, testing and compassion messages/activities (e.g., sermons, brochures/church bulletins, testimonials) via the Taking It to the Pews HIV Tool Kit. Comparison churches received non‐religiously tailored HIV information. HIV‐related stigma was assessed with 543 church members and with community members served through church outreach services (e.g., food/clothing pantries, social services) in the four churches. Participants completed surveys at baseline, 6 months and 12 months to assess their HIV‐related stigma beliefs, exposure to intervention components and satisfaction with the study. Results: At baseline, HIV‐related stigma beliefs were similar across experimental groups and were quite low. Mean HIV‐related stigma scores were not significantly different between experimental groups at 6 months (p=0.92) or at 12 months (p=0.70). However, mean HIV‐related stigma scores within both groups showed decreasing trends at six months, which approached significance. Analysis of previously studied HIV‐related stigma factors (e.g., age, gender, income, HIV knowledge, religiosity) did not yield changes in the null findings. Intervention group participants were highly exposed to several intervention components (sermons, HIV resource tables, posters, brochures/church bulletins). Overall, participants were highly satisfied with the intervention pilot study. Conclusions: African American churches may be well positioned to increase the reach of HIV prevention interventions to church and community members and could serve an important role in addressing HIV‐related stigma in their church communities. Future research is needed on measuring HIV‐related stigma beliefs and on testing intensive, scalable, religiously tailored HIV interventions to impact HIV‐related stigma in African American churches., Introduction HIV continues to disproportionately impact African American (AA) communities in the United States [1–5]. A primary barrier that impedes efforts to develop, implement and test HIV education, testing and [...]

We hypothesize and test for a U-shaped relation between the cost of equity capital and the level of disclosure in annual report narratives. Using a computer-generated word-count-based index of the level of disclosure in U.K. annual report narratives, we document a negative relation with the cost of equity capital at low levels of disclosure, and a positive relation at higher levels of disclosure, together implying the presence of an optimal level of disclosure. We interpret the positive relation at higher levels of disclosure as evidence of uninformative clutter increasing the cost of equity capital. Additional analyses indicate the presence of both firm-level learning and regulatory corporate reporting initiatives as factors shaping adjustments towards optimum levels of disclosure. [ABSTRACT FROM AUTHOR]

The growing institutional significance of impact factors and journal rankings currently stands alongside serious concerns about the scale and distorting effects of the practice of coercive journal self-citation. Survey-based studies have highlighted journals suspected of such coercion but there has been very little empirical analysis of actual citation practice and the respective impact on journal quality rankings. This paper collects information on actual self-citation trends over the period 2000-2012 for all business and management journals indexed in Journal Citation Reports and finds evidence of sudden and sharp increases in self-citation relative to outside citation. This paper also finds that two leading hybrid journal ranking systems, the UK's 2010 Association of Business Schools (ABS) and the 2013 Australian Business Deans Council (ABDC) rankings, do not discriminate between legitimate and coercive self-citation. Collectively, these findings have implications regarding the institutional reliance placed on citation counts as quantitative measures of accountability. However, the deterrent potential of our analysis, especially given the ease with which coercive self-citation behavior can be empirically detected from publicly available data, could provide an important limit on the spread of performativity. [ABSTRACT FROM AUTHOR]

In 2004 the Transparency Directive increased the reporting frequency by mandating the Interim Management Statement (IMS). However, only nine years later, the EU announced that it was making quarterly reporting voluntary again, arguing that IMSs are redundant as they are unlikely to contain any additional information not already required by the Market Abuse Directive (MAD). The current paper tests this argument empirically. For that it collects data on trading statements from a post-MAD pre-IMS year and uses these statements to predict which IMSs are genuinely incremental firm announcements (‘incremental IMSs’) and not simply substitutes for otherwise disclosed trading statements (‘non-incremental IMSs’). It then calculates three-day abnormal return variability and abnormal trading volume associated with incremental and non-incremental IMSs and it makes three observations. First, the introduction of IMSs coincided with a substantial reduction in other trading statements consistent with a large substitution effect between IMSs and non-periodic trading statements. Second, incremental third-quarter IMSs, but not incremental first-quarter IMSs, exhibit significantly positive abnormal return variability and abnormal trading volume, suggesting that the withdrawal of IMSs will involve the loss ofsomerelevant information. Third, higher abnormal return variability and trading volume for non-incremental IMSs, relative to incremental IMSs, are consistent with the argument that a MAD-only regime will ensure the release ofmostrelevant information. [ABSTRACT FROM PUBLISHER]

A new method for assessing the predictive value of management disclosures is presented. The new approach allows an assessment of whether such disclosures contribute to improved market forecasts of future earnings, Results suggest that voluntary disclosure could be useful in forecasting future earnings changes.

The impression management literature suggests that managers often resort to biased disclosures. However, there is little systematic evidence on what types of strategies management uses to achieve this bias. Do managers simply lie? Or, do they use more subtle ways of introducing positive bias into corporate narratives, such as selecting specific information items which result in a more positive impression (‘selectivity’) or by keeping their narratives vague and general (‘vagueness’)? In order to differentiate between the two scenarios, I re-examine the positive forward-looking statements examined by Schleicher and Walker (2010) and compare, across firms with improving and deteriorating financial performance, the managerial choices made in relation to eight forecast attributes. I make two observations. First, there are significant differences in the characteristics of good- and bad-news firms’ positive statements. In particular, bad-news firms’ positive statements involve more non-specific time horizons, more segmental forecasts, and more references to conditions and aims and objectives, but fewer directional forecasts, fewer numbers, and fewer reinforcing qualifiers. Second, the identified differences in good- and bad-news firms’ positive statements can be exploited for classification purposes: including into a classification model additional regressors that measure a positive forward-looking statement's level of selectivity and vagueness significantly increases the model's ability to separate firms with improving financial performance from firms with deteriorating financial performance. Overall, my results are consistent with (a) impression management operating predominantly through selectivity and vagueness and (b) selectivity and vagueness being an important signal for future financial performance. [ABSTRACT FROM AUTHOR]

We examine how alliances—formal, contractual interorganizational relations—co-evolve with emergent, informal interorganizational relations. To form alliances, firms must acquire information on potential partners, and the acquisition of this intelligence occurs through both formal and informal channels. Here we evaluate the effects of two of these informal channels: joint participation in cooperative technical organizations (CTOs) and director interlocks. Since director interlocks connect firms through the highest managerial levels while joint CTO participation connects firms through mid-level technical personnel, we examine whether each type of informal tie contributes to alliance formation as well as whether ties at multiple levels serve as complements or substitutes for this purpose. We also examine whether all types of ties—alliances, interlocks and CTO participation—co-evolve endogenously or whether there are more direct causal relationships between and among these various types of networks. We find that both interlocks and CTO participation facilitate alliance formation, yet interlocks only facilitate alliance formation when the common director serves as an officer in one of the firms. An additional distinction between the role of interlocks and CTO participation is that the relationship between interlocks and alliance formation appears endogenous, in contrast to CTO participation, which causally precedes alliance formation. Copyright © 2008 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

Presents an abstract of an article examining the empowerment of the leadership of women college students. Details of the hypothesis on the effectivity of women leaders; Accounts of the task given to the students; Revelations in the group interactions; Dissatisfaction of group members on violations of diffused gender roles .

Objective: The objective of our study was to prospectively evaluate the diagnostic accuracy of intraarterial (i.a.) and i.v. MR angiography (MRA) of the infrainguinal arteries in comparison with the reference standard selective digital subtraction angiography (DSA)., Subjects and Methods: Twenty consecutive patients with symptomatic peripheral arterial occlusive disease (PAOD) underwent i.v. MRA and i.a. MRA of the infrainguinal arteries and DSA, which served as the reference standard. For i.v. MRA, 27 mL of gadodiamide was injected through a peripheral arm vein; for i.a. MRA, 30 mL of diluted contrast agent (5 mL of gadodiamide in 55 mL of 0.9% saline solution) was twice injected in the superficial femoral artery with a flow rate of 2.5 mL/s through a 5-French sheath that was placed on the occasion of DSA before vascular intervention. A 3D gradient-echo sequence was performed using a dedicated coil system on a 1.5-T MR scanner. Three independent blinded observers localized and quantitatively graded stenoses on i.v. MRA and i.a. MRA. The overall impression of image quality of i.v. MRA and i.a. MRA was documented using a 4-point scale (1, excellent; 4, poor). Interobserver agreement was calculated., Results: The mean sensitivity and mean specificity for the detection of stenoses >or= 50% of the upper leg arteries (i.e., superficial femoral artery and popliteal artery) were 85.5% and 83.3% for i.a. MRA and 82.2% and 86.7% for i.v. MRA, respectively. The mean sensitivity and mean specificity for the detection of stenoses >or= 50% of the lower leg arteries (i.e., proximal anterior tibial artery, tibiofibular trunk, proximal posterior tibial artery, and proximal peroneal artery) were 91.7% and 75.0% for i.a. MRA, respectively, and 87.5% each for i.v. MRA. the diagnostic quality of i.a. MRA images and i.v. MRA images was assessed as excellent or good., Conclusion: i.a. MRA provides sensitivity and specificity for the detection of hemodynamically significant stenoses of the infrainguinal arteries comparable to i.v. MRA and therefore is a good diagnostic tool especially for MR-guided vascular interventions.