Does managerial turnover affect football club share prices?

This paper analyses the 53 managerial sackings and resignations from 16 stock exchange listed English football clubs during the nine seasons between 2000/01 and 2008/09. The results demonstrate that, on average, a managerial sacking results in a post-announcement day market-adjusted share price rise of 0.3%, whilst a resignation leads to a drop in share price of 1% that continues for a trading month thereafter, cumulating in a negative abnormal return of over 8% from a trading day before the event. These findings are intuitive, and suggest that sacking a poorly performing manager may be welcomed by the markets as a possible route to better future match performance, while losing a capable manager through resignation, who typically progresses to a superior job, will result in a drop in a club’s share price. The paper also reveals that while the impact of managerial departures on stock price volatilities is less clear-cut, speculation in the newspapers is rife in the build-up to such an event.

Can perceptual differences account for managerial success?: the case of Japanese aid workers

Purpose – There is a wealth of studies which suggest that managers' positive perceptions/expectations can considerably influence the organisational performance; unfortunately, little empirical evidence has been obtained from development studies. This research aims to focus on the perceptual and behavioural trait differences of successful and unsuccessful aid workers, and their relationship with organisational performance. Design/methodology/approach – Through web-based survey, 244 valid responses were obtained from the Japan International Cooperation Agency (JICA)-aid managers worldwide. Five perception related factors were extracted and used for cluster analysis to group the respondents. Each cluster's perception/behaviour-related factors and organisational performance variables were compared by ANOVA. Findings – It was discovered that Japanese's positive perception/expectation about work and their local colleagues was related to higher organisational performance, and conversely, the negative perception on their part was generally associated with negative behaviour and lower organisational performance. Moreover, in a development context, lower work-related stress and feelings of resignation toward work were strongly associated with the acceptability of cross-cultural work environment. Practical implications – The differences in perceptual tendencies suggest that cautious consideration is advised since these findings may mainly apply to Japanese aid managers. However, as human nature is universal, positive perception and behaviour would bring out positive output in most organisations. Originality/value – This study extended the contextualised “Pygmalion effect” and has clarified the influence of perception/expectation on counter-part behaviour and organisational performance in development aid context, where people-related issues have often been ignored. This first-time research provides imperial data on the significant role of positive perception on the incumbent role holder.

Coaching SME managers: business development or personal therapy? A mixed methods study

While a growing number of small- and medium-sized enterprises (SMEs) are making use of coaching, little is known about the impact such coaching has within this sector. This study sought to identify the factors that influence managers' decision to engage with coaching, their perceptions of the coaching ‘journey’ and the kinds of benefits accruing from coaching: organisational, personal or both. As part of a mixed methods approach, a survey tool was developed based upon a range of relevant management competencies from the UK's Management Occupational Standards and responses analysed using importance-performance analysis, an approach first used in the marketing sector to evaluate customer satisfaction. Results indicate that coaching had a significant impact on personal attributes such as ‘Managing Self-Cognition’ and ‘Managing Self-Emotional’, whereas the impact on business-oriented attributes was weaker. Managers' choice of coaches with psychotherapeutic rather than non-psychotherapeutic backgrounds was also statistically significant. We conclude that even in the competitive business environment of SMEs, coaching was used as a largely personal, therapeutic intervention rather than to build business-oriented competencies.

Endogenous managerial compensation contracts in experimental quantity-setting duopolies

Given the ongoing debate on managerial compensation schemes, our paper offers empirical insights on the strategic choice of firms' owners over the terms of a managerial compensation contract, as a commitment device aiming at gaining competitive advantage in the product market. In a quantity setting duopoly we experimentally test whether firms' owners compensate their managers through contracts combining own profits either with revenues or with relative performance, and the resulting managerial behaviour in the product market. Prominent among our results is that firms' owners choose relative performance over profit revenue contracts more frequently. Further, firms' owners successfully induce a more aggressive behaviour by their managers in the market, by setting incentives which deviate from strict profit maximization.

Managerial leadership for research use in nursing and allied health care professions : a narrative synthesis protocol

BACKGROUND: Nurses and allied health care professionals (physiotherapists, occupational therapists, speech and language pathologists, dietitians) form more than half of the clinical health care workforce and play a central role in health service delivery. There is a potential to improve the quality of health care if these professionals routinely use research evidence to guide their clinical practice. However, the use of research evidence remains unpredictable and inconsistent. Leadership is consistently described in implementation research as critical to enhancing research use by health care professionals. However, this important literature has not yet been synthesized and there is a lack of clarity on what constitutes effective leadership for research use, or what kinds of intervention effectively develop leadership for the purpose of enabling and enhancing research use in clinical practice. We propose to synthesize the evidence on leadership behaviours amongst front line and senior managers that are associated with research evidence by nurses and allied health care professionals, and then determine the effectiveness of interventions that promote these behaviours.Methods/design: Using an integrated knowledge translation approach that supports a partnership between researchers and knowledge users throughout the research process, we will follow principles of knowledge synthesis using a systematic method to synthesize different types of evidence involving: searching the literature, study selection, data extraction and quality assessment, and analysis. A narrative synthesis will be conducted to explore relationships within and across studies and meta-analysis will be performed if sufficient homogeneity exists across studies employing experimental randomized control trial designs. DISCUSSION: With the engagement of knowledge users in leadership and practice, we will synthesize the research from a broad range of disciplines to understand the key elements of leadership that supports and enables research use by health care practitioners, and how to develop leadership for the purpose of enhancing research use in clinical practice.

OUTLINE Karriärplanering - En utvärderande studie av ett projektom coaching av arbetslösa

Projektet OUTLINE Karriärplanering genomfördes under tiden december 2004 - december 2006. Det övergripande syftet var att ”/…/ få individerna att se vägar, öppna ögon, hitta mening via den egna personligheten, egenskaperna och ta ansvar för sin framtid genom egna beslut.” Verksamheten skulle på en konkret nivå resultera i att:20 % fått ett jobb20 % var i lärande i arbete (praktikplats)40 % skulle ha upptäckt ett utbildningsalternativ20 % skulle ha upptäckt vårdbehov e dyl.En viktig del av projektets verksamhet var även att utveckla en fungerande samverkansform mellan projektet OUTLINE, Arbetsförmedlingen och Socialförvaltningen.Studiens övergripande syfte är att undersöka hur ett arbetsmarknadspolitiskt projekt kan stödja unga och äldre långtvarigt arbetslösas inträde på arbetsmarknaden.Resultatet av ett projekt är inte bara en fråga om att deltagarna kunnat få ett arbete eller inte. För den som inte lyckats på den punkten kan livet ändå ha förändrats på ett positivt sätt. Ett realistiskt resultat kan i stället vara att skapa en beredskap hos deltagarna att förbättra sina möjligheter att kunna konkurrera på arbetsmarknaden. Att verksamheten radikalt skulle öka deltagarnas konkurrensförmåga är ett alltför optimistiskt antagande. Även om coachingen är viktig och verkningsfull är den som regelinte tillräckligt, om än ett betydelsefullt första steg. Verksamheten haft påvisbara effekter som går bortom de rent arbetsmarknadspolitiska, d.v.s. det har på ett direkt och påtagligt sätt påverkat de involverade aktörerna i deras vardagliga liv. De fick ”närvaroplikt” och samtidigt livet ”inrutat” och de måste ”bekänna färg” genom sina kontinuerliga möten med handläggare, coacher och övriga deltagare. För några kan detta vara en vändpunkt i livet, medan det för andra i stället föder nya strategier för att intesugas in i det arbetsmarknadspolitiska ”aktivitetsspelet”.

Coaching for mindfulness and wisdom in complex environment

The primary objective for this paper is to build a compendium for a systemic intervention program for managers working in high-reliability organizations on an offshore rig. The second objective is then to work as a coach for these managers.