Danny Miller Research Articles

Bibliometric review of research on corporate governance and firm value

This study aims to provide a bibliometric review (Zupic & Čater, 2015; Hallinger, 2019) of the corporate governance and firm value knowledge base. This paper is guided by PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) and based on the Scopus index for determining and extracting data. A total of 1,661 articles from 1983 to 2021 are included. The USA, the UK, and Australia are the leaders in the literature. A significant gap exists for further research from developing and non-Western settings. We identified authors with the highest citations (Danny Miller, Luc Renneboog, and Kose John), the most prominent authors based on the citation for each document (Danny Miller, Luc Renneboog, and Igor Filatotchev), and the most highly cited documents (“Higher market valuation of companies with a small board of directors”, Yermack, 1996; “Disentangling the incentive and entrenchment effects of large shareholdings”, Claessens et al., 2002, and “Boards: Does one size fit all?”, Coles et al., 2008). Besides, the review reveals an intellectual structure of the corporate governance and firm value knowledge base in three schools of thought: agency theory, firm value, and boards of directors. Our findings provide an overview of top-influential research for new scholars and enable us to identify highly cited theoretical foundations quickly.

Humane Entrepreneurial Framework: A model for effective corporate entrepreneurship

ABSTRACT The concept of Entrepreneurial Orientation (EO) has been an important construct of entrepreneurship and business strategy since it was first introduced in 1983 by Danny Miller. Still, it does not fully address the human-centered factors influencing organizations today. Therefore, the concept of humane entrepreneurship (HumEnt) was introduced to better understand organizations’ human side of entrepreneurial development. HumEnt explores how effective people management practices affect employee engagement, innovation, and business growth. The new concept of Humane Entrepreneurial Framework outlines the process of creating HumEnt that focuses on the people side of the business, introducing the elements of high-performance work systems (HPWS) to a company’s entrepreneurial strategy. Building on HPWS and EO research, this article proposes a model suggesting that a “humane” approach to managing employees is a key antecedent to creating and maintaining EO; furthermore, humane organizational practices ultimately lead to sustainable entrepreneurship and innovation in companies. Future research directions are also offered.

Ascension and decline of successful companies: a bibliometric study on the Icarus paradox

Objetivo do estudo: Neste estudo, nosso objetivo foi examinar a extensão de artigos publicados com citações ao livro de Danny Miller (1990), O Paradoxo de Ícaro, e identificar as frentes de pesquisa atuais que usam a obra com referência. Metodologia/abordagem: Este é um estudo bibliométrico com a técnica de pareamento bibliográfico. Originalidade/Relevância: A identificação e compreensão dos fenômenos que podem levar algumas empresas de sucesso ao insucesso e de estudos que identifiquem e sugiram reflexões sobre o assunto encontra relevância para a pesquisa nas áreas das ciências sociais, especialmente no campo da estratégia organizacional. Principais resultados: Identificamos cinco fatores que englobam os principais artigos que referenciam o livro de Miller (1990). Os temas liderança transformadora e ambiente, vantagens competitivas, recursos, processos de mudanças e percepção de oportunidades mostram as principais correntes de pesquisa que consideram e referenciam os achados de Danny Miller. Esses fatores estão voltados à pesquisa de estratégias organizacionais para a preservação da vantagem competitiva, com identificação de problemas que podem levar as empresas ao declínio. Contribuições teóricas/metodológicas: Em nosso estudo, há uma descrição prática e detalhada do método bibliométrico com análise de citações e pareamento, utilizando a Análise Fatorial Exploratória como ferramenta para as análises. Ainda, esperamos que a descrição dos fatores possa orientar futuros pesquisadores na verificação das tendências de pesquisa sobre o tema abordado. Contribuições sociais/para a gestão: A identificação e compreensão dos fenômenos que podem levar algumas empresas de sucesso ao declínio são relevantes para os gerentes e líderes organizacionais que podem, ao reconhecer fatores de perda de vantagem competitiva, elaborar outras estratégias de ação.

Some Further Thoughts on the Entrepreneurial Personality

This article seeks to extend the discussion begun by Danny Miller (2015) in his editorial entitled, “A Downside to Entrepreneurial Personality?”

Developing an Organizational Perspective to Management Accounting

B eing asked to make a short speech as part of accepting the award inevitably leads to some introspection and reflection on major factors that have influenced one’s career, be they events or individuals. Past recipients of the award have been very influential in putting management accounting on the map. Some have been instrumental in developing the way we think about management accounting and teach the subject; some have developed important perspectives such as information economics, combining economics with psychology, the importance of national culture, activity-based cost management, and balanced scorecards. The way these recipients developed their thoughts is well told in their acceptance speeches and collectively provides a wealth of ideas and a historical perspective on the development of our discipline. I commenced my studies in economics, and I maintain a keen interest in economic approaches to management accounting. However, early in my academic career, I was pressed into considering an organizational approach to management accounting, not because it was an easier option; rather it addressed the world of management accounting within which I found myself. In this address, I will share with you some personal reflections on the process of my discoveries in the area of organizational approaches to management accounting from the mid-1960s. The backdrop to this address is that research is something of a growth model. Stage 1: starting from a baseline of skills and knowledge gained at undergraduate studies; stage 2: progressing through refinement of skills with more graduate study; and stage 3: consolidating through work toward publications and other academic outputs. Stages 1 and 2 are somewhat planned and incremental, while stage 3 is more often associated with less ordered processes, often stumbling across potential research areas by way of reading and personal interactions. Research projects can be focused around existing ideas, sometimes being somewhat formulaic, sometimes highly innovative. Often ideas can be serendipitous and develop in unpredictable ways. The key is to recognize when there is a management accounting angle that will relate to an important organizational or social issue.

Decoding Diaspora and Disjuncture

Abstract The dialogue begins with a discussion of the development of processes of globalisation in recent years, offering a critique of some of the more hyperbolic claims about the death of geography. The discussion then moves to the question of the new conditions for the production of localities, and the role of new technologies in these developments. Further issues considered concern the politics of mobility, the question of differential modes of circulation and of continuing patterns of sedentarism and in some sectors of society. The relation between migrancy as a differentiated material process, and as a metaphor is ducussed and these issues are then refated to contemporary political debates in the USA, in the UK, India and South Africa. As the dialogue develops, attention turns to the question of how best to theorise the activity of audiences in different cultural locations in relation to particular structures of cultural power. The discussion abo covers the particular status of readers and audiences within the context of postcolonial theory and concludes with a debate about questions of race, class, empire, consumption and resistance. Keywords Globalisation, technologies, audiences, mobilities, circulation, migrancy This dialogue between Arjun Appadurai (AA, then of the New School, New York and now of the Department of Culture and Communications, New York University) and David Morley (DM, Department of Media and Communications, Goldsmiths College, London University) was conducted at the 'Reading After Empire' conference at Stirling University on 4 September 2008, with Arjun Appadurai participating via a video link from New York. MEDIATION, GLOBALISATION AND TECHNOLOGY DM Arjun, as our dialogue today is itself being 'globalised' by the technology of videoconferencing, I thought we might as well begin with questions of mediation and technology. I'd like to invite you to comment on how you see things as having changed in these respects, in the ten years between the publication of Modernity at Large1 and Fear of Small Numbers.2 The first book predates the high moments of both globalisation theory and of born-again McLuhanite technologically determinist cyber-discourse. Since then, of course, we have had the emergence of a kind of revisionism, in which people have begun to recognise not only that globalisation has a reverse gear, but also that even the Internet has got a geography, and it still matters where you are and how you can access cyberspace: so, while people like Joshua Meyrowitz argue that we now have 'no sense of place' maybe, in fact, there is a limit to the usefulness of those kinds of claims. In that context, I've personally found it interesting to think about cyberspace in relation to the anthropological work of people like Danny Miller and Don Slater, when they talk about the need to understand cyberspace in the various different cultural contexts in which it is instituted. That means that we have to consider the integration of the virtual and actual realms. This aspect of things, I'd say, is now also showing up with the success of phenomena like Facebook and \UpMyStreet, as it's when the virtual is more closely articulated with the actual, that things really get interesting . . . AA I think your question points to the need to find a place from which to speak in regard to mediation and technologies (old and new), which doesn't have us oscillating between the two (opposite) poles that are always available in these discussions. One polarity is the Utopian (or 'Brave New World') perspective that says 'Everything is now transformed and everything that has gone before is as nothing'. The other one, which is what we might call the 'hyper-realist' or cynical position, says that 'we've seen all these things before' but that nothing has really changed so 'it's still just a matter of exactly the same old questions about power and inequality'. I think the question is how to find an intelligent and flexible middle position, which is not static (nor simply in search of some Golden Mean) but which leaves one open to processes which are actually still in their infancy, by anybody's definition. …

Book Review of Archaeology in Situ: Sites, Archaeology, and Communities in Greece, edited by Anna Stroulia and Susan Buck Sutton

This book reflects a welcome trend—the coming together of archaeologists, anthropologists, and local communities. The trend is in part an intellectual convergence—archaeologists (following Ian Hodder) increasingly recognize the need to be reflexive, and anthropologists (following Alfred Gell, Danny Miller, and Chris Tilley) have taken an increasingly close interest in material culture. Both disciplines can gain from this dialogue and from a more constructive engagement with the communities within which they work. The book is in three parts.

This Issue

This Issue George Brosi The first new novel by Jayne Anne Phillips in nine years has been thoroughly trumpeted by the national literary media, and we are proud to include a pre-publication excerpt of this West Virginia author’s new novel from Alfred A. Knopf in this issue and to make her our featured author. When I read her first novel, Machine Dreams in the mid-eighties, I’d never read anything that captured my father’s World War II generation and my own Vietnam generation so well. Istill haven’t. Meredith Sue Willis is an ideal commentator on Phillips. Both writers are from the same generation, come from small West Virginia towns not far away, now live in nearby New Jersey cities and both are married to physicians. What a contrast between this proximity and the perspective of our other critic, Stéphanie Durrans, who has always lived across the ocean, but has many insights as well. One of the most accomplished native authors and critics of regional literature died this fall. To have Sharon Hatfield write so powerfully of the life of Danny Miller in this issue helps ease the pain but cannot fill the void his passing leaves in our hearts. One of the greatest thrills of working for a literary magazine occurs when a brand new author appears on the scene. Patsy Harmon’s first book has made a terrific splash, and we’re proud to include additional work by her in this issue. Our photographer, Tom Martin, has been taking unique and beautiful pictures for decades, but we believe that many of you will be enjoying his work for the first time as well. This issue—with contributions from Loyal Jones, Gurney Norman and Joyce Brown, along with our constant companion, Sidney Saylor Farr—has a sterling line-up of old reliables. Hey, and how about our resurrecting Don Askins. Silas House doesn’t belong with these seniors, but he qualifies as a star in our field despite his relative youth. And Julia Nunnally Duncan, like Silas, a native who has stayed put and written four books, has a strong following as well. Our other poets are proud new discoveries for us and we hope for you as well. Enjoy! [End Page 5] Copyright © 2009 Berea College

A Tribute to Danny L. Miller

A Tribute to Danny L. Miller Sharon Hatfield (bio) Appalachian Literature lost a dear friend and advocate on November 9 with the passing of Danny Miller, chair of the English Department at Northern Kentucky University. The enormous respect and esteem in which he was held by his colleagues and students was evident at the memorial service held on campus November 15. Against a photographic backdrop of Danny in his prime as an academic and as a toddler in his rural Appalachian home, mourners paid tribute to their fallen friend through performances of original poetry, modern dance, a bluegrass hymn, a Rachmaninoff concerto, and his favorite song from Phantom of the Opera. The event seemed to reflect perfectly the many facets of Danny’s catholic nature, from his deep attachment to home, kinfolk, and friends back in Ashe County, North Carolina, to his love for the fine arts and the urban life of Cincinnati, where he had made his home for many years. My own connection with Danny was both personal and professional. It all began several years ago at an Appalachian Studies Conference in Helen, Georgia, where I was introduced to him over dinner. He immediately asked me where I was from and what my mother’s maiden name was. By the end of the meal, using his vast genealogical knowledge of Appalachian families and a napkin as his notepad, he had established that we were indeed distant cousins. It was a scene I was to see repeated many times over the next several years, as Danny would delve into the family tree of a perfect stranger with abandon. He was particularly enthusiastic to meet those with associations to his undergraduate Alma Mater, Berea College, and to the University of Cincinnati, where he received his doctorate. The point is, Danny was inclusive. He felt a sense of connection to many people throughout the mountains, and even if you were not his blood kin, he would surely claim you as a kindred spirit. A few years later I gained an appreciation of Danny’s scholarship while serving with him and Gurney Norman as a coeditor of An American Vein, a collection of critical essays on Appalachian literature. [End Page 6] Danny’s book about female characters in Appalachian fiction, Wingless Flights, had been published in 1996, and by 2000 he had helped set into motion this significant venture—creating a foundational volume that would tie together all the critical work that had been done over the decades of the Appalachian literary renaissance. His knowledge of Appalachian writing was encyclopedic, and beneath his sunny exterior burned the conviction that literature was not just something for academics or librarians to peruse, but a tool by which activists could, in his words, “offer resistance.” Over the four years we worked on the book, meeting in both Ohio and Kentucky, I came to realize that Danny, through his keen intellect and unpretentious style, had fashioned a charmed circle of friends and colleagues that was constantly widening. Always juggling several projects in addition to his job, Danny was never too busy to take your hand, pull you aside, and demand to hear your news. At the time of his death from a stroke at age 59, Danny had nearly completed his tenure as chair of his department, having overseen the creation of a master’s degree program in English and an enormous growth in the number of faculty. He was looking forward to stepping down to a quieter life within the academy. There were things he had left to do, and we as the Appalachian community are the poorer for his absence. But in thinking of all he did accomplish in six short decades, I am reminded of a passage from Jesse Stuart that was quoted at Danny’s memorial: “And I am firm in my belief that a teacher lives on and on through his students. I will live if my teaching is inspirational, good, and stands firm for good values and character training. Tell me how can good teaching ever die? Good teaching is forever and the teacher is immortal.” Having heard the notes of praise and laughter rising to the ceiling of the...

Researching family business: An interview with Professor Danny Miller

Researching family business: An interview with Professor Danny Miller

Tessellations (For Danny Miller)

Tessellations (For Danny Miller) Keith S. Wilson (bio) Our lives fold into themselves, seams run with cyclical precision, blanket out softly like moss. Joys speak up in pairs, sorrows by dozens at the point of impact, in flashes of remembrance. Right now, for every hug shared we remember how many we lost in you, friend, mentor, brother. But there is a quilt of things: our lives in Kentucky hills at first glance seem cut like wrists by roads but those roads instead connect us like seams to something intangible that we crave like family. There is a wake after the funeral, beautiful storms after terrible ones, all tearing the world apart in spirographs, [End Page 44] patterns that connect us. Because you understood that family resonates more deeply than shared last names, it thunders around us in the limestone and shale and can’t be forgotten in a hundred days or years because the patterns always resonate like tessellations for those with eyes for them. [End Page 45] Keith S. Wilson Keith S. Wilson is an Affrilachian Poet who has lived the last ten years in Northern Kentucky. He was a student of Frank X Walker and the late Danny Miller at Northern Kentucky University, which recently awarded him a bachelor’s degree. Copyright © 2009 Berea College

Editorial: Home rules

Editorial: Home rules

The 1998 Denny C. Plattner Appalachian Heritage Awards

The 1998 Denny C. Plattner Appalachian Heritage Awards This is the third year that I have chaired the committee selecting the Denny C. Plattner Appalachian Heritage award winners, and each year I have become more aware of the excellence of the writing about Appalachia that is published in this magazine and the importance ofAppalachian Heritage to the region. Richard B. Drake assesses the impact ofAppalachian Heritage on the region in an essay in this current volume: "Unlike other Appalachian journals, Berea's Appalachian Heritage has solicited reviews and articles that have often gone contrary to the prevailing fads of scholarship that have dominated historical and social science over the past several decades. During her editorship, Sidney Farr has guided Appalachian Heritage to a unique and wide-ranging regional role." The Denny C. Plattner Awards were established in 1993 by Kenneth and Elissa May Plattner in honor of their deceased son, who had a deep appreciation (as do his parents) of writers and writing. The Plattners are grateful to be associated with the best and brightest new-and established-writers of the Appalachian region. The judges for the contest this year were: Sandra Ballard, Bruce Lawson, Danny Miller, Steve Mooney, and Dorothy Schnare. Ours was a difficult but rewarding job. In the memory of Denny C. Plattner, we congratulate the winners of these awards for their excellence in writing. We would also like to acknowledge the beautiful photography in all the issues (including the photo story by Randy Ball "Looking for Signs"). -Danny Miller, Committee Chairperson Articles/Essays Michael McFee: "Back Home"-Spring Richard B. Drake: "Berea's Appalachian Commitment"-Summer Bill Best: "Heirloom Tomatoes"-Fall Fiction Karin Vingle: "Missing Millie"-Spring Silas Dwane House: "An Unsent Letter"-Winter Richard Sears: "A Quarter's Worth of Dusf'-Winter Poetry Mary Jo Thomas: "Partial Paralysis"-Summer Rebecca Bailey: "How I Find the Sun"-Winter Walter Lane: "Attitude Adjustment"-Fall ...

The 1997 Denny C. Plattner Appalachian Heritage Awards

The 1997 Denny C. Plattner Appalachian Heritage Awards It is always extremely difficult, but rewarding, to judge the poetry, fiction, and articles/essays in Appalachian Heritage's Denny C. Plattner Awards competition. But reading each issue from cover to cover consistently reaffirms my belief that the best writing from and about Appalachia is published in Appalachian Heritage. Last spring previous winners ofthe Plattner Awards were honored at a reception and luncheon at Boone Tavern, and it was a privilege for me to meet so many of these talented writers. The Denny C. Plattner Appalachian Heritage Awards were established in 1993 by Kenneth and Elissa May Plattner in honor of their deceased son, who had a deep appreciation ofwriters and writing. The judges for the contest this year were: Sandra Ballard, Bruce Lawson, Danny Miller, and Dorothy Schnare. The committee chose, as was the case with memorial articles honoring John Stephenson in a previous issue, to omit from the judging all ofdie memorial articles honoring Jim Wayne Miller in Issue No. 4 (Fall). We congratulate the winners of these awards for their excellence in writing. —Danny Miller, Committee Chairperson Articles/Essays Richard Sears: "The Days of Darkness"-Spring Eileen McCullough Johnson: "More Than Blarney"-Winter Vivian Watts: "Not as Sweet as Apple Dumplings . . ."-Winter Fiction Sharyn McCrumb: "Foggy Mountain Breakdown"-Fall Laura Weddle: "One Man's Treasure"-Winter Agnes Scott Stevens: "Bringing Eulene Home"-Winter Poetry James Still: "Mine Is a Wide Estate" and "Aunt Carrie"-Spring Jim Minick: "The Brier's Last Days (for Jim Wayne Miller)"-Spring Billy C. Clark: "Spiders' Way," "Run Me a River," "Elegy in a Mountain Graveyard," "Hound, Horn, and Popping Wood"-Fall ...

The 1995 Denny C. Plattner Appalachian Heritage Awards

The 1995 Denny C. Plattner Appalachian Heritage Awards When Kenneth and Elissa May Plattner established the Denny C. Plattner Appalachian Heritage Awards, they did a good thing. They created a way for writers in the Appalachian region to be recognized beyond the recognition that comes with publication. They did, however , create a problem as well. Imagine, if you can, the difficulty of selecting nine pieces from the wealth offine writing in the last four issues of Appalachian Heritage for special awards. This selecting has been the task shared by committee members Grace Edwards, Danny Miller, Mary Ann Murray, and Richard Sears. Danny Miller, Northern Kentucky University, included a letter with his ratings for the Plattner Awards in which he said, "I have realized anew the quality of work that is published in Appalachian Heritage." I feel sure he has expressed the feeling ofmany readers of this fine regional journal. —Mary Ann Murray, Chairperson The winners are: Article/Essay Clementine: "Grandma Dorothy's Appalachian Christmas Wassail"—Fall Jeanne Gage: "Kentucky's Local Governments Tackle Ethics Reform"—Winter Kathleen Perry: "Summer Job for Daughter Real Pain for Mom"—Fall Fiction Debbie Hopper: "Passion"—Winter Silas Dwane House: "Daddy, Tell Me About the War"—Fall Andrew Rudd: "A Short Lesson in Photo Composition"—Fall PoetryCarol Crawford: "Why We're Here"—Spring Phyllis W. Moore: "This Is Not a Recording" and "On the Eighth Day"—Winter Judy Perry: "Churning"—Fall ...

Bibliography of Theses and Dissertations Pertaining to Southern Appalachia: 1912-1991 (review)

it's suicide to stay there." Covington is a writer in search of stories to tell. This is what Salvation on Sand Mountain is about: Covington's story. This book is not useful as a study of serpent handlers or of religion in Appalachia. The people and their beliefs are presented stereotypically. We are reminded of supposedly outdated clothing, poverty, and the toothless. Covington's imagination and writing skill transform even the most basic facts. The Porters' pleasant brick house gets transformed into a bricked-over double-wide trailer. (It is not; I have been to this house). Covington is unlikely to be back on Sand Mountain. He teaches creative writing (not journalism) at the University of Alabama at Birmingham . He is truly a talented writer who used his considerable creative skills to transform more than the Porters' brick home. His story robbed those on Sand Mountain of the fair opportunity to have their own story told in any approximation to historical or descriptive adequacy . In a passionate and tearfully troubled reaction to Covington's book from the wife of the serpent handler Covington most befriended, we have the other more truthful side of the critical acclaim many have heaped upon Covington's book: "He betrayed our trust; he just wanted to tell a story." —Ralph W. Hood, Jr. Dexter Collett. Bibliography of Theses and Dissertations Pertaining to Southern Appalachia: 1912-1991. Berea, Kentucky: Appalachian Imprints , 1994. 136 pages. $29.95. If literature (drama, fiction, nonfiction, oral literature, and poetry) is a mirror of culture, then literary criticism is a study of the quality of the mirror. Among the forms of criticism are theses and dissertations which we require graduate students to write and then, all too often, put on the shelf and forget. Not Dexter Collett. In Bibliography of Theses and Dissertations Pertaining to Southern Appalachia: 1912-1991, he reminds us ofa significant number of critical and scholarly studies on Appalachian literature and folklore, 1185 to be exact, produced in the colleges and universities in the region and outside it. Obviously this has been a huge effort by Collett and a valuable one. Anyone with any involvement in Appalachian studies should own a copy of this book. For graduate faculty in the region who direct theses or dissertations on a regular basis, it is indispensable. While Bibliography is primarily a listing, no little achievement in itself since Collett actually held in hand every entry mentioned, a thirty-page 56 foreword and structure facilitate ready use. The six major divisions are (1) Early Narrative and Travel Sketches, (2) General Studies, (3) Individual Authors, (4) Creative Writing, (5) Folklore, and (6) Drama, Theater, and Film. If my arithmetic is correct, there are 266 studies of folklore on a wide range of topics such as English and Scottish ballads, musical instruments, folk tales, folk speech and dialect, arts and crafts, superstitions, and children's folk games. A breakdown of studies according to theme in the folklore section might have been helpful, but students of folklore and language will still be grateful for this abundant material in its present form. Many of the theses clearly involve primary research; for example, "Mary A. Gannaway, 'The Singing Games of the Cumberland Mountains in Tennessee,' Master's Thesis, George Peabody College, 1935." Several of the studies have been published, such as the 1941 Ph.D. Columbia University dissertation, "Phonetics of Great Smoky Mountain Speech," by Joseph Sargent Hall, but most have not, which is no intended criticism of their value. Several of the titles are compelling such as the M.A. thesis by Robin L. Geller done at the University of North Carolina in 1974, "Feuding in Appalachia and the Middle East: A Comparative Analysis." Of the ninety-three general studies, Collett pays special attention (and tribute) to dissertations on Appalachian literature by (1) Laurie Leslie Banner, University of North Carolina, 1984, (2) Carvel Collins, University of Chicago, 1944, (3) Isabella D. Harris, Duke University, 1948, (4) Danny Miller, University of Cincinnati, 1985, (5) Barbara S. Kirkpatrick, University of Maryland, 1974, (6) H. R. Stoneback, Vanderbilt University, 1970, and of course Cratis Williams, New York University, 1961. A listing of other useful sources appears in "Works...

The Rise and Fall of Great Companies

If there is one troubling question planners have asked over and over again and have not satisfactorily answered, it is “What makes great companies go bad?” At least some answers may be found in Professor Danny Miller's book, The Icarus Paradox (HarperBusiness, 1990).

Psychological Foundations of Economic Behavior

Foreword by Tibor Scitovsky Introduction by Paul J. Albanese Novelty, Comfort, and Pleasure: Inside the Utility Function Black Box by Shlomo Maital How the Opponent-Process Theory of Acquired Motivation Came Into Economics by Richard L. Solomon A Model of Consumption and Demand Based on Psychological Opponent Processes by Lester D. Taylor The Intimate Relations of the Consistent Consumer: Psychoanalytic Object Relations Theory Applied to Economics by Paul J. Albanese Personality, Culture, and Organization by Manfred F.R. Kets de Vries and Danny Miller Decisions, Coalitions, and the Economy of the Self by Abraham Zaleznik The Entrepreneur and Society by Joshua Ronen Toward a New Paradigm by Amitai Etzioni

Sources of Economic Rent in the Deregulated Airline Industry

THE airline industry has always captured the imagination, but never more so than during the current deregulatory period. To understand the sources of economic rents that are the driving forces for change in this industry, we employ an interdisciplinary analysis drawn from the economics and strategy literature. This analysis allows us to identify sources of rent that are geographically based (local monopoly sources) and others that stem from economies of scale-based advantages in providing nationwide service (oligopoly sources). We examine the economic and strategic characteristics of these diverse sources of rent and suggest some policy concerns about the emerging airline market structure. An interdisciplinary approach is taken because economic models normally assume that firms have identical factor costs and similar production opportunities. Yet much of our ability to frame the forces for change in the airline industry begins with the recognition that firms came into the deregulatory period with differing factor costs and differing locational endowments and, hence, differing production opportunities. Building on Porter'sl concept of strategic groups, we offer evidence that air carriers

Book Reviews : Danny Miller and Peter H. Friesen (in collaboration with Henry Mintzberg): Organizations — A Quantum View

Book Reviews : Danny Miller and Peter H. Friesen (in collaboration with Henry Mintzberg): Organizations — A Quantum View