PALMETTO REVIEW 2006 Published by the University of South Carolina Upstate From the Editor Quality is… .......................................................................................................... 1 Lilly Lancaster, University of South Carolina Upstate Issues in Regional Development The South Carolina Education Lottery: Determinants of Revenue ..................... 2 Robert T. Barrett & Robert E. Pugh, Francis Marion University Business Education The Role of Self-Monitoring in Job Search Success: A Field Study ................. 12 Kimberly A. Freeman, Winston-Salem State University Management as A Liberal Art ............................................................................ 19 George S. Lowry & Edward D. Showalter, Randolph-Macon College Factors Impacting One’s Desire to Telecommute: An Investigation of Student Perspectives .......................................................... 25 Beth Clenney & Thomas E. Gainey, University of West Georgia Accounting Practice A Brief Review of the Sarbanes-Oxley Act of 2002 .......................................... 31 Gloria Clark, Winston-Salem State University Wendy Meyers, Nova Southeastern University Quality Initiatives ............................................................................. 37 USC Upstate is a member institution of the University of South Carolina PALMETTO REVIEW Edited by Lilly M. Lancaster, Ph.D. William S. Moore Palmetto Professor in Quality Studies School of Business Administration and Economics University of South Carolina Upstate Spartanburg, South Carolina Volume 9 2006 PALMETTO REVIEW Journal Audience and Readership Palmetto Review is targeted toward both academicians and business professionals. The academic audience is interested in applied business-related research to use as a tool to enhance teaching and classroom experiences for students. The professional/ practitioner audience is interested in sharing experiences about a broad range of business-related topics. Topics for publication may be drawn from a variety of areas including manufacturing, service, government, health care and education. A section of the journal is devoted to chronicling quality initiatives. Journal Mission Palmetto Review supports communication and applied research about business-related topics among professionals and academicians in South Carolina and the Southeast. Journal Content Published annually by the University of South Carolina Upstate, the journal contains peer-reviewed papers. All papers accepted are blind reviewed by at least two individuals. Letters to the editor and book reviews may also be published. Authors are discouraged from submitting manuscripts with highly statistical analyses and/or strong theoretical orientation. Simple statistical analyses, tables, graphs and illustrations are encouraged. Please see the “Guidelines for Authors” on the inside of the back cover of this journal. Comments on published material and on how the journal can better serve its readers are solicited. Contact: Lilly M. Lancaster, Ph.D., Editor, Palmetto Review William S. Moore Palmetto Professor in Quality Studies School of Business Administration and Economics, University of South Carolina Upstate, 800 University Way, Spartanburg, S.C. 29303 Tel: 864/503-5597, Fax: 864/503-5583, E-mail: llancaster@uscupstate.edu 2006 REVIEW BOARD School of Business Administration and Economics Jerome Bennett, Accounting Richard Gregory, Finance Faruk Tanyel, Marketing Sarah P. Rook, Economics Frank Rudisill, Management University of Massachusetts Joseph L. Balintfy, Professor Emeritus PALMETTO REVIEW Table of Contents From the Editor Quality is… ..........................................................................................................................1 Lilly Lancaster, University of South Carolina Upstate Issues in Regional Development The South Carolina Education Lottery: Determinants of Revenue .....................................2 Robert T. Barrett & Robert E. Pugh, Francis Marion University Business Education The Role of Self-Monitoring in Job Search Success: A Field Study .................................12 Kimberly A. Freeman, Winston-Salem State University Management as A Liberal Art ............................................................................................19 George S. Lowry & Edward D. Showalter, Randolph-Macon College Factors Impacting One’s Desire to Telecommute: An Investigation of Student Perspectives ..........................................................................25 Beth Clenney & Thomas E. Gainey, University of West Georgia Accounting Practice A Brief Review of the Sarbanes-Oxley Act of 2002 ..........................................................31 Gloria Clark, Winston-Salem State University Wendy Meyers, Nova Southeastern University Quality Initiatives ........................................................................................................37 PALMETTO REVIEW From the Editor Quality is . . . Variety. The ninth issue of Palmetto Review contains an impressive selection of articles on a variety of topics. As I was reviewing the journal for publication, I became more and more interested, and absorbed in several of them. First of all, the article about the South Carolina State Lottery by colleagues, Bob Barrett and Robert Pugh at Francis Marion University, is most informative about the lottery, how it began and predictions for the future. Anyone who lives in South Carolina is affected by the lottery. This article provides much insight into the process. Its currency is validated by an article that appeared this last week in many State papers highlighting the impact that the North Carolina State Lottery, as well as increasing gas prices, may have on South Carolina lottery ticket sales. There are also three excellent articles related to business education. The discussion of self-monitoring behavior and its impact on young graduates as they enter the job market is thought provoking. It gives us all an additional dimension to consider as we work with our students preparing them for job interviews. In the business education section, I particularly enjoyed the paper about management as a liberal art. This paper discusses ways to bridge the gap between what we do in a business school and what are colleagues in the liberal arts are doing. It is so important for us to work with colleagues campus wide. I look forward to sharing this paper with my colleagues across campus. Lastly, the article in the business education section about telecommuting had some results that were surprising to me. I had assumed that individuals either wanted to telecommute or work in the office. From this preliminary research, it appears that a more blended approach is desirable. Most of the respondents preferred to telecommute approximately twenty hours per week if possible. With a number of business schools currently in the process of recruiting accounting faculty, the article about the Sarbanes-Oxley Act of 2002 is also timely. As the article states, Sarbanes-Oxley is often called the ‘“CPA Employment Act of 2002.”’ Many universities are feeling the pressure to enhance their accounting programs to satisfy student demand while, at the same time, it appears that there are fewer and fewer qualified accounting faculty available on the market. The next few years will prove interesting in accounting recruitment, partially due to the Sarbanes-Oxley Act. I hope that you will find the variety of topics in the 2006 issue of Palmetto Review of interest, also. Best wishes for a successful 2006-2007 academic year! Sincerely, William S. Moore Palmetto Professor in Quality Studies Volume 9, 2006 1 Palmetto Review THE SOUTH CAROLINA EDUCATION LOTTERY: DETERMINANTS OF REVENUE Robert T. Barrett Robert E. Pugh Francis Marion University ABSTRACT The South Carolina Education Lottery, started in 2002, has been a big success for the state. Most of the proceeds from the lottery, as was required by the legislation establishing the lottery, has gone to fund college scholarships. Technology and other educational needs have also been funded. This paper uses regression analysis to examine the determinants of lottery revenues and related issues. INTRODUCTION ies continued, and by 2003, 39 states plus the District of Columbia had established lotteries. This expansion of state lotteries was greatly facilitated by advances in information processing and communications technology, which made lotteries more exciting for participants and provided a high degree of control of lottery processing to guard against corruption (Hills, 2005). Six of the seven southeastern states established lotteries during this period. In 1988, Virginia and Florida started state lotteries, and, in 1993, Georgia started its lottery. These three states held state-wide referendums to gain the necessary approval for establishing their lotteries. In 1998, Alabama held a state referendum on establishing a lottery, but it failed. Two years later, in 2000, South Carolina voters gave approval for a state lottery. More recently, in 2002, Tennessee held a referendum on a state lottery, and it was approved. In North Carolina in 2005, legislation to establish a lottery was passed. As the South Carolina Education Lottery nears the end of its third year, it is appropriate to analyze the Lottery experience. In the first section of this paper, some of the public concerns are reviewed. Secondly, a brief look at the results from the first three years is presented. Then the study develops a statistical analysis of the South Carolina lottery to identify the demographic and economic factors that determine lottery revenues. Lastly, this statistical analysis leads to an improved understanding of lottery revenue sources and serves as the basis for examining policy issues related to the South Carolina Education Lottery. Lotteries are prominent throughout history. The Great Wall of China was partly financed by a lottery. India, Greece, and Japan also had lotteries during ancient times. Lotteries were used throughout the 1400s and 1500s to finance various public works. In 1753 the British Museum was funded by a lottery (Hills, 2005). Lotteries have a mixed history in the United States. In colonial times lotteries were used to finance public works such as bridges, roads, and public buildings. The earliest of the colonial lotteries, authorized by the English in 1612, helped fund the Jamestown, Virginia, settlement. During the American Revolution, lottery proceeds financed colonial troops. Lotteries lost popularity in the period before the Civil War due to corruption, such as fraud and rigged drawings. Many states discontinued their lotteries. By 1860 only three states—Missouri, Kentucky, and Delaware—continued to maintain lotteries. Following the Civil War several states again legalized lotteries, but again scandal and corruption undermined the public confidence. As a result, by 1894 lotteries were prohibited in all states; and 35 states, including South Carolina, developed constitutional provisions forbidding lottery operations (Hills, 2005). During the early twentieth century Americans gradually became more tolerant of gambling. Las Vegas became the gambling capital of the country and a number of states legalized race horse gambling. In 1964, New Hampshire began a new trend by legalizing a state lottery. New York and New Jersey followed New Hampshire’s lead by establishing state lotteries in 1967 and 1970, respectively. This expansion of state lotterVolume 9, 2006 2 Palmetto Review The South Carolina Education Lottery: Determinants of Revenue PUBLIC CONCERNS REGARDING THE LOTTERY play. Citizens with less than $50,000 income are three times as likely to play as those with higher incomes. There are many concerns about the lottery including opposition to gambling, fiscal dependency on lottery revenues, and regressive effects of lottery participation. Here the concerns about the lottery are discussed in terms of two areas: (1) the possible effects of the lottery on other public policies and (2) the effects on the poor and less educated segment of the population. SOUTH CAROLINA LOTTERY PROCEEDS DISTRIBUTION THE FIRST THREE YEARS SCHOLARSHIPS AND OTHER RECIPIENTS In March of 2002, the House and Senate passed spending plans for the lottery proceeds that were vastly different. Some labeled the House plan as one that ignored the poor (who would most likely be the ones who would buy the most tickets) in favor of students who could better afford college anyway (Sheinin, 2002). One of the primary beneficiaries of the lottery proceeds in the approved spending plan is the college scholarship fund. There are four primary scholarships available to graduates of South Carolina high school. The Palmetto Fellow and LIFE scholarships were established before the lottery was in existence. Lottery proceeds have helped to expand these programs. The HOPE scholarship was initially funded with lottery proceeds, as was the tuition assistance program for students attending technical colleges (Edwards, 2002). Stated goals of these scholarships include: “greater access to higher education; bright, college-bound students choosing in-state schools, rather than elite schools elsewhere; and bright college graduates staying home, rather than adding to the brain drain” (Brinson, 2002). In addition to scholarships, lottery funds have supported other public entities. Funds have been made available to colleges and universities in the state for technology upgrades. Endowed professorships have been funded at the research universities. Lottery funds have been used to purchase much needed school buses. Local libraries have received funds along with the state’s gambling addiction programs. The plan approved by the Legislature also considered distribution of the revenues, which include ticket sales, permit fees, retailer telephone fees ands other additional costs. Revenues are distributed as follows: 58 percent to prizes; 7 percent to retailer commissions; 6 percent to operating expenses; and 29 percent transferred to the Education Lottery Account for disbursement. Clearly the Education Lottery Account is for merit based scholarships, with no regard for the family’s ability to pay tuition. Some legislators and the State’s Commission on Higher Education have argued that more of the dollars should go for needs based programs (Strensland, 2002). For the fiscal year ending June 30, 2004, lottery revenues totaled $950 million. After payouts and other Effects on Public Policy Purchasing lottery tickets is sometimes perceived as the poor person’s version of gambling. A 1996 article by Joseph P. Shapiro (Shapiro 1996), speaking mainly of gambling in casinos, asks a number of pertinent questions: Is there economic benefit to gambling? Does gambling create economic development? What are the social costs? Does gambling lead to crime? Another general concern with gambling is that up to 30 percent of youth participate in gambling in some form (Crary, 2003). Still, another concern is presented in the Wall Street Journal (Wall Street Journal, 2004). The Journal editorial chastises legislatures who use money irresponsibly when they count on lottery/gambling proceeds to fund ongoing programs. Some actually see these revenues as means to expand programs. With interstate and international business becoming more and more electronic, gambling is following suit. The 1961 Federal Wire Act made betting on sports on the telephone or on the Internet illegal in the U.S. This form of gambling, however, is not illegal in many other countries and gambling has become big business overseas. An estimated $5.7 billion in revenues was earned world-wide from online gambling in 2003. The majority of the gamblers demographically were American (Angwin, 2004). Effects on the Poor and Less Educated Opponents of the South Carolina lottery voiced their opposition early on stating that these types of revenue generators for state programs create exploitation of the poor. A December 24, 2002, editorial in The State (Editorial, The State, 2002) referenced a study conducted by the lottery commission that indicated that lottery players are “disproportionately poor and black and not highly educated.” Blacks play at a rate 50 percent higher than whites. Households with incomes less than $40,000 play more than households with higher incomes (proportionately). Fewer college graduates play when compared with those with no college education. The numbers are even more pronounced when looking at the intensity of Volume 9, 2006 3 Palmetto Review Robert T. Barrett, Robert E. Pugh expenses, about $270 million was used to fund college scholarships. Officials had originally estimated about $250 million for the year. Much of the increase was attributed to excitement, and subsequent heavy ticket sales, surrounding the large Powerball jackpots (AP Report, 2004). From the first sales in January 2002 through October 14, 2005, over $664 million has been transferred from the lottery revenues to the Education Lottery Account (AP Report, 2004, www.sceducationlottery.com). This reflects the fact, observed by others, that higher income people spend a smaller proportion of their income on the lottery than lower income people. The third explanatory variable in the model is accommodation tax. This tax is on motel/hotel rooms and is a measure of the flow of people overnighting in a county, including both tourist and business travelers. In 2002 South Carolina collected nearly $33.5 million in accommodation taxes, but the tax collections are very unevenly distributed among the state’s 46 counties with two counties collecting almost no taxes and one county, Horry, collecting $12.2 million or almost one-third of the State’s total. Referring to the regression model for year 2002, the accommodation tax variable, AT02, has a coefficient of +.00121 indicating that, on average, for a county a $1000 increase in accommodation tax collections would be associated with an increase of $.00121 million or $1,210 in lottery sales. Table 1 provides accommodations tax collections and associated lottery sales for 2002 for the top five counties in accommodation tax collections. These five counties account for approximately 95.5 percent of South Carolina 2002 accommodation tax collections. The remaining two variables in the model are NCAP, North Carolina accessible population, and GAB, Georgia counties that border on South Carolina (0-1 variable). These variables are described fully in the Model-Based Analysis section, evaluating the effects of counties in North Carolina and Georgia on South Carolina’s lottery revenues. A STATISTICAL ANALYSIS OF THE SOUTH CAROLINA EDUCATION LOTTERY To develop an understanding of the factors related to lottery sales or revenue, statistical models are developed of lottery revenue as a function of economic, demographic, and geographic variables. Five models are developed, one for each calendar quarter of 2002 and one for the year 2002. The complete statistical description of the five models developed is found in the Appendix. All the models are strong statistically with the R-square values ranging from .96 to .91 indicating that statistically each model explains more than 90 percent of the variation in the dependent variable, lottery revenue. An Example of Findings Particular to South Carolina Examining the model for the year 2002, the population variable, POP, and per capita income variable, PCI are the first two explanatory variables involved. Note that the population variable, POP, is an explanatory variable both acting alone and acting in combination with per capita income, PCI. This part of the regression model has the form: TABLE 1 Estimated Impact of Visitors on Lottery Sales Based on Accommodation Tax Collections for the Top Five Counties in Accommodation Tax .200POP - .00314POPxPCI. County The POPxPCI variable, the product of population and per capita income, represents the purchasing power of the resident population of the county. One implication is that for a county with a specified population, lottery sales decrease as the per capita income of the county increases. The hypothetical examples below illustrate the contribution to lottery revenue for two counties with 80,000 residents but with different levels for PCI: Population 80,000 80,000 Volume 9, 2006 PCI $15,000 $20,000 Horry Charleston Beaufort Richland Greenville Accommodation Tax Collections in 2002 (million$) Lottery Sales in 2002 Associated with Accommodation Tax Collections ($) 12.22 6.72 4.28 1.62 1.60 14,786 8,131 5,179 1,960 1,936 MODEL-BASED ANALYSES Border Effects The state of Georgia has had a lottery for a number of years. Has the introduction of the South Carolina Education Lottery had any impact in lottery sales for the Georgia counties that border South Carolina? Lottery Contribution to Lottery Sales $12.232 million $10.976 million 4 Palmetto Review The South Carolina Education Lottery: Determinants of Revenue summarized in Table 3. In the second column of Table 3 the proportion of each North Carolina county that is directly across the border from the corresponding South Carolina county is shown in parentheses. For example, for Cherokee County, 100 percent of Cleveland County and 60 percent of Rutherford County are directly across from Cherokee County. Therefore the NCAP variable for Cherokee County includes all of Cleveland County’s population plus 60 percent of Rutherford County’s population. One question of particular interest is: When North Carolina implements its lottery, in 2006, will this reduce the South Carolina lottery sales? Our modelbased estimates for 2002 are that South Carolina lottery sales to North Carolina residents were $43.28 million; and since the total 2002 sales were $626.9 million, sales to North Carolinians were 6.9 percent of the total. In fiscal year 2004, South Carolina lottery sales were $950 million. If the same 6.9 percent held, this means that for 2004 sales to North Carolina residents were about $65.5million. With the advent of North Carolina’s lottery South Carolina might lose a significant part of these sales. In addition, South Carolina residents will purchase lottery products in North Carolina to some extent. A rough estimate of South Carolina’s annual sales loss is $80-$90 million in 2004 prices. This is significantly lower than the $150 million a year loss in South Carolina sales predicted by a number of South Carolina lottery officials. South Carolina, of course, may be able to mitigate its loss in sales in the early years of the North Carolina lottery because of South Carolina’s ability to rollout fresh games and by offering the very profitable and popular Powerball drawings (Strensland, 2002). However, in the longer term the two state lotteries will probably be roughly equal in attractiveness to purchasers. At that point, North Carolina may have a slight advantage mainly because of the large South Carolina population that resides and works in the Charlotte, NC, metropolitan area. Thus, the long term rough estimate of South Carolina’s annual net revenue loss of $80-$90 million, in 2004 prices, reflects North Carolina capturing the estimated $65.5 million that South Carolina was selling to North Carolina residents plus sales to South Carolinians residing in the Charlotte metropolitan area. The remaining variable in the year 2002 model is the Georgia boundary (GAB) variable. This is a binary variable with a “1” for each South Carolina county that borders on Georgia and a “0” for all other counties. In the model this variable has a coefficient of –2.613, indicating that for counties bordering Georgia there is an associated reduction in lottery revenue. This loss is expected because of the competition in these counties sales for all counties of Georgia over the period from 2000 through 2003 show an overall increase. Lottery sales declined from 2000 to 2001. Georgia experienced about a 12 percent increase in 2002 compared with 2001 sales. Lottery sales in 2003 were about 6.3 percent more than in 2002 statewide. Table 2 shows the percentage changes in lottery sales from year to year for the Georgia counties bordering South Carolina, all other Georgia counties, and the total State. While the State experienced a healthy 6.31 percent increase in lottery sales from 2002 to 2003, the counties on the South Carolina border showed an almost 2 percent decrease in sales. Over this 2002-2003 period, six of the 13 border counties experienced declines in sales, two were virtually flat, two others experienced less than 3 percent increases, and one other a 5.3 percent increase. This clearly indicates that South Carolina’s lottery has dampened Georgia’s lottery sales in those counties bordering South Carolina. TABLE 2 Increases (Decreases) in Lottery Sales for the 13 Georgia Counties That Border South Carolina, the Other Georgia Counties, and All Counties in Georgia From To Border Counties (%) 2000 2001 2002 2001 2002 2003 (3.87) 6.78 (1.87) Other Counties (%) Total Sales (%) (5.55) 12.76 7.38 (5.35) 12.03 6.31 The variable measuring the North Carolina assessable population, NCAP, for South Carolina counties that border North Carolina has a coefficient of +.0250 in the model for the year 2002, indicating a positive contribution of the North Carolina counties to South Carolina lottery sales. The NCAP variable measures the market in North Carolina for cross-border sales. For example, Roberson County, North Carolina, with a population of 123,300, is directly across the state line from Dillon, South Carolina. The Dillon County NCAP is 123.3. Therefore the lottery sales in Dillon County associated with this particular North Carolina population is (.0250)(123.3) = $3.08 million per year. In like manner, the 11 South Carolina counties bordering North Carolina have increased lottery sales due to cross-border sales. Based on the regression model York County has the largest cross-border sales; since its NCAP = 885.9, the model estimates York County’s annual sales to the North Carolina market at (.0250)(885.9) or $22.15 million. Estimated impacts of the North Carolina Accessible Population on the South Carolina border counties are Volume 9, 2006 5 Palmetto Review Robert T. Barrett, Robert E. Pugh from the more well-established Georgia lottery. From the model, on average each of the 11 South Carolina counties bordering Georgia is associated with lost sales of $2.613 million per year. Thus, without the cross-border sales to Georgia in its initial year, the sales of the South Carolina lottery would have been an additional $28.743 million or 4.6 percent higher. TABLE 4 Sales for 2002 in Millions of Dollars. TABLE 3 SC Counties Cherokee Chesterfield Dillon Greenville Horry Lancaster Marlboro Oconee Pickens Spartanburg York Total Bordering NC Counties Cleveland (1.00) Rutherford (0.60) Arson (1.00) Union (0.27) Roberson(1.00) Polk (0.15) Henderson (1.00) Transylvania (0.40) Brunswick (1.00) Columbus (1.00) Union (0.73) Scotland (1.00) Richmond (1.00) Transylvania (0.30) Jackson (1.00) Transylvania (0.30) Rutherford (0.40) Polk (0.85) Mecklenburg (1.00) Gaston (1.00) Estimated Effect on Lottery Sales ($1,000,000) 134.0 3.35 58.7 1.47 123.3 103.6 3.08 2.59 127.8 3.20 123.7 82.6 3.09 2.06 42.0 1.05 8.9 40.8 0.22 1.02 885.9 22.15 Quarter 3 Quarter 4 Total Sales $185 $134 $115 $192 $626 Quarterly index 1.18 0.86 0.73 1.23 Determinants of Lottery Sales The regression models presented in the Appendix provide additional insight into the relative strength of the statistical determinants of South Carolina lottery sales. Table 5 summarizes the relative strength of the determinants under four general factors: Residents, Visitors, Border Effects, and Other. “Residents” represent sales to each county’s resident population, and hence relates directly to the model variables population (POP), per capita income (PCI), and the product of these two variables, with this product representing the personal income of a county. “Visitors” represent lottery sales to those visiting the county on either business or pleasure. This factor is measured in our model by the accommodations tax (AT) variable. “Border Effects” represent the influence of the North Carolina and Georgia counties bordering South Carolina. This factor is measured by the North Carolina accessible population (NCAP) and Georgia border counties (GAB) variables. “Others” represent primarily the lottery sales unexplained by the model plus the model constant term. For example, in the model for the first quarter of 2002, the R-square value is .96 indicating that .04, or four percent, of the lottery sales for that quarter are not explained by the model. This unexplained sales along with the constant term of .276 constitute the “Others” factor shown in Table 5. Table 5 was developed by applying each model to the 46 counties of South Carolina and summarizing the results. For example, for the year 2002, or first row of the table, the year 2002 model is applied to each county and the results for each term of the model are retained separately. Then the results for the 46 counties are added for the POP, population, and POPxPCI, product of population and per capita income, terms to obtain the Residents’ contribution to sales. In like manner, the contribution to sales for Visitors and Border Effects are each computed. The “Others” contribution is the remainder of the sales not accounted for by the other three determinants. To illustrate, in 2002 total lottery sales were $626 million, and from the model application as just described, $498 43.28 Seasonal Pattern of Sales The models for the four quarters of 2002 presented in the Appendix have a structure similar to the model for the year 2002. The quarterly distribution of lottery sales in 2002, the first year of operation, shows a definite seasonal pattern. For that year lottery sales for the first and fourth quarters were high and sales for the other two quarters were relatively low. Table 4 shows quarterly sales levels for 2002 along with the quarterly index values. This pattern is shown clearly by the quarterly seasonal indices for lottery sales in 2002. South Carolina lottery officials have indicated that this seasonal pattern of sales is expected to be typical for other years, with lighter sales in the warmer, vacation-period of the year (Davenport, 2002). Volume 9, 2006 Quarter 2 (millions) Estimated Impact of North Carolina Accessible Population on the South Carolina Border Counties NC Accessible Population (1000) Quarter 1 Year 6 Palmetto Review The South Carolina Education Lottery: Determinants of Revenue TABLE 5 Proportion of South Carolina Lottery Sales Explained By Specified Determinants in 2002 and Quarters of Year 2002 Statistical Determinants Residents: Time Period Year 2002 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Visitors: Unexplained Population and Per Capital Income Border Effects: Accommodations Tax 0.80 0.85 0.81 0.77 0.74 0.07 0.06 0.08 0.07 0.09 million were associated with Residents, $41 million with Visitors, $14 million with Border Effects, and $73 million with “Others.” The proportions are then computed for these four types of contributions in the first line of Table 5. The proportions are computed for each quarter of 2002 utilizing the respective models for the four quarters. As Table 5 shows, lottery sales associated with Residents account for a large portion of sales, 80 percent for year 2002 and between 74 and 85 percent for the quarters of that year. Thus, eight out of every ten dollars of lottery sales are associated with the resident population, their number and income level. Visitors are associated with seven percent of lottery sales for 2002, with the quarterly level varying from six to nine percent. The Border Effects include two forces. First, on the North Carolina border there are sales associated with the over-the-border North Carolina population. Second, on the South Carolina-Georgia border there are sales to Georgia residents by South Carolina and sales to South Carolina residents by Georgia, since each state has its own lottery. Note in the table that for the year 2002, two percent of lottery sales are associated with Border Effects. However, in the second and third quarters the South Carolina Lottery experienced a loss in sales, two percent in the second quarter and one percent in the third. This means that in those quarters purchases by South Carolina residents from the Georgia lottery exceeded the sales to North Carolina residents from the South Carolina lottery. Lottery Sales 0.02 0.03 -0.02 -0.01 0.07 0.11 0.05 0.13 0.17 0.01 typically academically more advanced) families. This argument can be addressed in an approximate way by using the regression model for 2002 presented in Table A1. As mentioned in a previous discussion, the residents’ lottery spending, called RLOS here, is described statistically by the population (POP) and per capita income (PCI) variables as structured in the first two terms of the model. That is: RLOS = .200POP - .00314POPxPCI. Let’s assume that we have a hypothetical county with a population equal to the median population of South Carolina’s 46 counties, 52,500 (POP = 52.5). For this hypothetical county we can compare lottery spending by residents for a lower income county, say with a per capita income of $20,000 (PCI = 20), with the spending of a higher income county, say with a per capita income of $30,000 (PCI = 30). Using the population of 52,500 we have: RLOS = .200(52.5) - .00314(52.5)PCI or RLOS = 10.5 - .165PCI. Then for a per capita income of $20,000: RLOS = 10.5 - .165(20) = 7.2, And for a per capita income of $30,000: Regressive Impact of Lottery A general policy concern with state lotteries is that the lower income groups spend a larger proportion of their income on the lottery than higher income groups. South Carolina residents exhibit this typical behavior in their lottery spending. This in effect means that lottery spending acts as a regressive state tax. This bolsters the argument that lower income residents are paying for tuition scholarships for students from higher income (and Volume 9, 2006 NC Accessible Population and GA Border Others: RLOS = 10.5 - .165(30) = 5.0. From this it is seen that the $20,000 per capita income group spending is about $137 ($7,200,000/52.5 = $137) per person, whereas for the $30,000 per capita income group the per capita lottery spending is about $95 ($5,000,000/52.5 = $95). This means that the $20,000 per capita income group spends about .07 percent ($137/$20,000 = .007 or .07 percent) of their income 7 Palmetto Review Robert T. Barrett, Robert E. Pugh on the lottery compared with .03 percent ($95/$30,000 = .003 or .03 percent) for the $30,000 per capita income group. This is put in perspective by noting that the per capita lottery spending by residents in the entire State in 2002 was about $125, this from the lottery spending by residents in 2002 of $498 million, discussed previously, divided by the South Carolina population of four million. It should be understood that these lottery spending estimates for per capita income groups are rough estimates. This is because the models of the determinants of lottery spending use the average per capita income levels, whereas our interpretations are made for subpopulations that have specified per capita income levels. While these interpretations may result in estimates with some bias, the results are seen as reasonable as to direction, in that lower income groups spend a larger proportion of their incomes on the lottery, and reasonable as to magnitude compared to the $125 per capita lottery spending, which is determined independently of the regression model. findings are: • In its initial year of operation, the sales of South Carolina’s lottery were distributed in the following way: Residents—90 percent, Visitors—seven percent, Cross-border—two percent. This leaves 1 percent of the sales unexplained by the statistical model. • Lottery sales are regressive relative to income. Those with lower incomes spend a larger proportion of their income on the lottery. For example, it is estimated that with a $20,000 annual income, seven percent of the income is spent on the lottery whereas those with $30,000 in income spend only three percent. • In its first year, the South Carolina lottery had significant cross-border sales with North Carolina and with Georgia. North Carolina did not have a lottery in the initial year of the South Carolina lottery, and cross-border sales to North Carolina residents were $43.28 million or 6.9 percent of total sales. Georgia, with its well-established lottery, drew $28.73 million in net sales from South Carolina, reducing South Carolina’s sales by 4.6 percent. • South Carolina Lottery sales were seasonal in its initial year with a quarterly index pattern of 1.18, 0.86, 0.73, and 1.23, respectively. This is a typical pattern for lottery sales, light in the springsummer and heavy in the fall-winter period. While these findings are based in the initial year of lottery operations, it is reasonable to assume that similar patterns of results hold for subsequent years of the lottery. Although it appears that the South Carolina Educational Lottery has operated without either corruption or malfeasance since 2002, a number of proposals for change have been made. These changes relate primarily to two areas: (1) the administration of lottery operations and (2) the allocation of the lottery generated funds among educational programs. In lottery operations, The South Carolina Legislative Audit Council recommended that cost cutting should be made, such as reducing the number of cellular phones used and re-evaluating the use of vehicles. Another administrative change suggested is cutting the seven percent fee paid retailers on lottery sales to six percent (www.scgovernor.com www.scgovernor.com 2003). Governor Mark Sanford made this recommendation several times, including the Fiscal Year 2006-07 Executive Budget in which this saving was estimated at $8.4 million (Sanford 2006). In the area of allocation of educational support funds from the lottery, two proposals of interest have been made. First, it has been proposed that lottery sales be CONCLUSION Since the first ticket was sold in January 2002, the SC Education Lottery has been successful, exceeding expectations of the most optimistic supporters. By the end of the third complete fiscal year, ticket sales totaled just under $3 billion (fiscal year ending June 30, 2005). Ticket sales in the first three fiscal years were $724.3 million (2003), $950.0 million (2004), and $956.0 million (2005) (www.sceducationlottery.com). As stated in current SC Education Lottery legislation, “proceeds of lottery games must be used to support improvements and enhancements for educational purposes and programs as provided by the General Assembly and that the net proceeds must be used to supplement, not supplant, existing resources for educational purposes and programs” (www.sceducationlottery.com). By the end of the 2005 calendar year, including distributions made in 2002 (a partial fiscal year), funds distributed to the SC Education Lottery Account exceeded $1 billion. Over 460,000 scholarships for students attending colleges and universities and technical colleges were funded by the lottery account. Over $330 million was provided to K-12 public schools, in addition to 400 buses, and $28 million for textbooks (www.sceducationlottery.com). In this study the focus is on understanding the economic and demographic consequences of lottery sales by the South Carolina Education Lottery. The methodology employed is regression modeling that represents lottery sales in South Carolina’s 46 counties as a function of economic and demographic variables. The principal Volume 9, 2006 8 Palmetto Review The South Carolina Education Lottery: Determinants of Revenue subject to the state income tax (Calhoun, 2003). The Lottery Commission has opposed this idea, but this idea may well be raised again (Sheinin, 2002). A second example of changes in the allocation of educational support funds is to direct more funds to K-12 or early childhood education rather than to college scholarships. The interest in this change was sparked by the recent court decision in the “minimally adequate” school funding lawsuit verdict (www.sceducationlottery.com 2006). 12. Eichel, Henry, (2002) “Stores near the Borders Lead Lottery Sales,” The State, Columbia, S.C, March 17, 2002, B 1. 13. “Five Key Issues in 2006,” (2006) The State, Columbia, S.C., January 8, 2006, D1. REFERENCES 14. “Greenville News Editorializes in Support of Gov. Sanford’s Lottery Retailer Cut,” (2003) State of South Carolina, Office of the Governor, www.scgovernor.com, December 5, 2003. 1. Angwin, Julia, (2004) “Could U.S. Bid to Curb Gambling on the Web Go Way of Prohibition?” The Wall Street Journal, August 2, 2004, B1. 15. Hills, Chad, (2005) “A History of the Lottery,” Focus on Social Issues, www.family.prg/cforum/foci/ gambling/lottery/10026528.cfm. December 27, 2005. 2. AP Report, (2004) “S.C. Lottery Brings in Almost $1 Billion,” Morning News, Florence, SC, August 9, 2004, A 7. 16. Monk, John, (2000) “Hodges put Machine to Work for Lottery,” The State, Columbia, S.C., November 9, 2000, B1-B2. 3. Barrett, Robert T., and Pugh, Robert E., (2003) “Success of the South Carolina Education Lottery – Six Month Report,” Southeast Decision Sciences Institute Proceedings, February 2003, pp. 313-315. 17. News Article, (2004) “More than Half a Billion Transferred to Education,” www.sceducationlottery.com. May 13, 2004. 18. Sanford, Mark, Governor of South Carolina, (2006) Executive Budget, State of South Carolina, www.scgovernor.com, January 4, 2006. 4. Brinson, Claudia Smith, (2002) “Merit-based Scholarships are Misguided, Largely Ineffective,” The State, Columbia, S.C, July 28, 2002, D 1, 5. 19. Scoppe, Cindi Ross, (2004) “Lottery Opponents Would Love to See Rules Spelled Out Before Vote,” The State, Columbia, S.C., May 4, 2000, A14. 5. Calhoun, Cecil, (2003) “Budget Debate Leaves Public Ed Funding,” www.thescea.org, March 14, 2003. 20. Shapiro, Joseph P., (1996) “America’s Gambling Fever: The nation’s favorite pastime comes under fire from those who fear it won’t help communities and families in the long run,” U.S. News & World Report, January 15, 1996, pp. 52-60. 6. Crary, David, (2003) “Experts Say Gambling Problems on the Rise among American Youth,” Morning News (Florence, SC), July 14, 2003, A1, 5. 7. Davenport, Jim, (2002) “Lottery Revenue Slower than Expected in July,” Morning News, Florence, S.C., August 30, 2002, A5. 21. Sheinin, Aaron, (2002) “Bill Clears House, is Branded Elitist,” The State, Columbia, SC, March 15, 2002, A 1, 9. 8. Edgar, Amy Geier, (2004) “S.C. lottery, USC form Unique Partnership,” Morning News, Florence, SC, August 9, 2004, A 7. Editorial, (2002) The State, December 24, 2002, A8. 22. Sheinin, Aaron Gould, (2003) “Proposed Lottery Sales Tax Opposed,” The State, Columbia, SC, December 3, 2003, B 1. 10. Editorial, (2004) “Political Gambling,” Wall Street Journal, July 19, 2004, A 10. 23. Strensland, Jeff, (2002) “Lottery Fuels Scholarship Debate,” The State (Columbia, S.C), July 28, 2002, D 1, 6. 11. Edwards, Laura, (2002) “Gambling on their Future,” Morning News, Florence, S.C., June 6, 2002, A1, 8. 24. Strensland, Jeff, (2005) “S.C. Games has Means to Compete with N.C.” The State, Columbia, SC, www. thestate.com, May 9, 2005. 9. Volume 9, 2006 9 Palmetto Review Robert T. Barrett, Robert E. Pugh 25. “Who Went to the Polls in South Carolina,” (2000) The State, Columbia, S.C., November 8, 2000, A16. 26. www.sceducationlottery.com. APPENDIX REGRESSION MODELS EXPLAINING LOTTERY SALES The model statistics provided in the lower rows of Table A1 provide overall measures of the statistical reliability of the models. The F-ratios provide a statistical test of the significance of the overall model relationship between the dependent variable and the set of independent variables. For all five of these models the F-ratios indicate the overall model relationship is strong, significant at the 99 percent confidence level or higher. Thus, each model represents a relationship that is highly significant statistically. The R-square values represent another overall measure of model statistical strength, measuring the proportion of the variation in the dependent variable that is explained by the set of independent variables in the model. In these models the R-square values range from .96 to .91 indicating that each model statistically explains more than 90 percent of the variation in the dependent variable, lottery revenue. Another important measure of model reliability is the t-scores that measure the statistical reliability of the individual independent or explanatory variables included in the model. The coefficients of the explanatory variables in the regression model for year 2002, for example, are significant at the 97 percent level or higher. The t-scores are given in parentheses below each model coefficient. Note that the same independent variables are included in each of the five models to provide easy comparison in the interpretation of the models. This causes three of the coefficients of explanatory variables, two in the model for the third quarter and one in the model for the fourth quarter to be of lower level of significance than .97. An interesting aspect of the structure of these models is that the population variable, POP, appears in the models both acting alone and acting in combination with per capita income, PCI. The combination variable, POPxPCI, is called an interaction variable or crossproduct variable, and in this situation the cross-product variable substantively represents the spending power of a county’s population. Such variables are often important in representing a nonlinear relationship among variables, and in these models there is a nonlinear relationship between the POP and PCI variables acting together and the dependent variable, lottery revenue. In this study the interaction variable provides the basis for an increased understanding between per capita income and lottery spending. The methodology employed in this study involved the development of regression models that represented lottery revenues from sales as a function of economic, demographic, and geographic variables. The observations on the variables used to estimate the models were taken from the 46 counties of South Carolina. Five models are developed, one for each calendar quarter of 2002 and one for the year 2002. The interpretation of these models was a primary basis in the study for providing an improved understanding of the factors related to lottery sales revenues. The model for the year 2002 is: LR02 = 1.61 + .20 POP – 0.00314 POPxPCI +0.00121 AT02 + 0.025 NCAP – 2.61 GAB where: LR02-Lottery sales revenue for each county in 2002 in millions of dollars POP-Population of county in 2000 in thousands PCI- Per capita income of county in 2000 in thousands of dollars AT02-Accommodation taxes collected in county in 2002 in thousands of dollars NCAP-North Carolina population accessible to South Carolina counties on the South Carolina-North Carolina border in 2000 in thousands GAB-South Carolina counties that border on Georgia (0-1 variable) The complete statistical description of the five models developed is provided in Table A1. These five models all include the same dependent and independent variables, except that the dependent variable and one of the independent variables are represented on a quarterly basis in the four quarterly models. Lottery revenue, the dependent variable, is represented for each quarter of 2002 as LRQ1, LRQ2, LRQ3, and LRQ4, respectively. Likewise, the independent accommodations tax variables are represented by quarter as ATQ1, ATQ2, ATQ3, and ATQ4, respectively. Volume 9, 2006 10 Palmetto Review The South Carolina Education Lottery: Determinants of Revenue TABLE A1 Regression Models Representing Lottery Sales Revenue as a Function of County Characteristics VARIABLE/ STATISTIC Dependent Variable: Lottery Revenue ($1,000,000) Constant Term QUARTER 1 MODEL QUARTER QUARTER 3 QUARTER 2 MODEL MODEL 4 MODEL YEAR 2002 MODEL LRQ1 LRQ2 LRQ3 LRQ4 LR02 0.276 0.355 0.451 0.404 1.61 POP .0654 (6.15) POP .0453 (4.96) POP .0330 (3.56) POP .0643 (4.41) POP .200 (5.09) POPxPCI -.00109 (2.89) POPxPCI -.00758 (2.38) POPxPCI -.000458 (1.43) POPxPCI -.00118 (2.33) POPxPCI -.00314 (2.30) Accommodation Tax ($1000) ATQ1 .00286 (3.25) ATQ2 .00108 (4.69) ATQ3 .000551 (5.21) ATQ4 .00273 (4.87) AT02 .00121 (5.02) North Carolina Accessible Population (1000) NCAP .00873 (9.58) NCAP .00343 (4.36) NCAP .00250 (5.21) NCAP .0104 (8.26) NCAP .0250 (7.38) Georgia Boundary (0 or 1) GAB -.810 (2.77) GAB -.567 (2.24) GAB -.482 (1.89) GAB -.450 (1.12) GAB -2.61 (2.40) 0.96 220.4 0.94 133.3 0.91 90.9 0.93 115.3 0.95 165 Independent Variables: Population (1000) Population (1000) x Per Capita income ($1000) Model Statistics: R-Square F-Ratio ABOUT THE AUTHORS Robert T. Barrett is Professor of Management and Associate Dean in the School of Business at Francis Marion University. Dr. Barrett teaches and researches in management science, statistics, and operations management. His latest research has focused on supply chain management and regional economic development including projects studying the influences of highways, influences of communicable diseases, and influences of the state-run lottery on the regional economy. He has published scholarly papers in journals including the Southern Business Review, the International Journal of Computers and Operations Research, the Production and Inventory Management Journal, Simulation, and the Journal of Travel and Tourism Management. He is a regular contributor as reviewer for Decision Sciences and the International Journal of Computers and Opera- Volume 9, 2006 tions Research and a regular participant in regional and national professional meetings. Robert E. Pugh is Professor of Management and the Eugene A. Fallon, Jr. Professor of Production Management in the School of Business at Francis Marion University. Dr. Pugh teaches and researches in management science, operations management, and statistical model building. His recent research focuses on the effects of existing and proposed highways, tourism, and retirement migration on regional economic development. He has published scholarly papers in Coastal Business Review, Journal of Policy Analysis and Management, Mathematical Programming, Southern Business Review, and other journals. He participates in professional meetings as a reviewer, discussant and presenter. 11 Palmetto Review THE ROLE OF SELF-MONITORING IN JOB SEARCH SUCCESS: A FIELD STUDY Kimberly A. Freeman Winston-Salem State University ABSTRACT Students nearing graduation are often quite concerned with securing job offers that will launch their careers. This study investigates whether getting second interviews, receiving job offers, and accepting a job prior to graduation from an MBA program is more likely for those individuals who are high on self-monitoring compared to those who are low on self-monitoring. The results of hierarchical regression analyses support these hypotheses by demonstrating that the prospects on these outcomes are positive for students who report to be high (rather than low) on self-monitoring behavior. Implications of these results are discussed, as are directions for future research. INTRODUCTION Unckless, & Hiller, 2002; Gangestad & Snyder, 2000; Turnley & Bolino, 2001). A recent study of employed Executive MBA students revealed a relationship between self-monitoring and the Big Five personality traits. Barrick, Parks, & Mount (2005) found that when self-monitoring was high, the relationships between three of the Big Five personality traits (Extroversion, Emotional Stability, and Openness to Experience) and supervisory ratings of interpersonal performance were attenuated. The interpersonal performance factor included interpersonal skills, rapport in relationships, cooperation, communication, listening, and other aspects. Self-monitoring did not, however, moderate the relationships between supervisory or peer ratings of task performance and personality traits (Barrick, et al, 2005). Another study found that people who were more demographically different (e.g., citizenship, race, etc.) from their coworkers created more negative impressions than did more similar coworkers, but “these impressions were more positive “when they were either high SMs or more extroverted (Flynn, Chatman, & Spatero, 2001). In a cross-cultural study of college students, Goodwin & Pang Yew Soon (1994) found the British subjects were higher SMs than their Chinese counterparts which supported their hypothesis that Western students would be significantly higher SMs than those from Eastern cultures, as hade been found by Gudykunst, Yang & Nishida (1987). Zweigenhaft & Cody (1993) reported that black students scored significantly lower on Snyder’s self-monitoring scale than their white colleagues on a predominantly white college campus. Job search success may depend upon a number of factors. Organizations typically gather basic information about the job applicants through the application process and resume in order to decide whom will receive an initial interview. Candidates who are successful in the first interview are often required to engage in a second interview prior to the hiring decision. The interview is generally regarded as a useful way to discern whether or not the candidate is a good fit or “match” for the organization. Considerable research on interview techniques and dynamics has been conducted. However, few researchers have studied the effect of a personality trait identified as self-monitoring behavior on hiring decisions. LITERATURE REVIEW Self-monitoring has been studied extensively across a wide variety of social interaction circumstances. In their comprehensive review of published literature, Gangestad & Snyder (2000) summarize that “high self-monitors may be highly responsive to social and interpersonal cues of situationally appropriate performances,” whereas “for those low self-monitors, expressive behaviors are not controlled by deliberate attempts to appear situationally appropriate; instead, their expressive behavior functionally reflects their own inner attitudes, emotions, and dispositions.” In other words, high self-monitors (SMs) are willing and able to display behaviors to impress other people in contrast to low SMs who resist or are unable to do so (Day, Schleicher, Volume 9, 2006 12 Palmetto Review The Role of Self-Monitoring in Job Search Success: A Field Study Leadership and self-monitoring behavior research has revealed several relationships of self-monitoring with leadership emergence and leader flexibility. Compared with low SMs, high SMs initiated structure more often and emerged as leaders more often indirectly through initiating structure (Dobbins, Long, Dedrick, & Clemons., 1990). In another study, high SM was associated with leadership capabilities of social perceptiveness and behavioral flexibility requirements incorporating both trait and situational elements of leadership and respond accordingly (Zaccaro, Foti, & Kenny, 1991). High SMs are also more likely to hold more leadership positions (Day, et al., 2002; Zaccaro, et al., 1991). Since high SMs appear more effective socially by reading and responding to interaction cues, researchers hypothesized in a study of emotional intelligence (Goleman, 1995) that SM is a moderator of conscientiousness and performance and should be controlled as a variable due to the overlap of the emotional intelligence constructs (Douglas, Frink, & Ferris, 2004). Douglas, Frink, and Ferris (2004) also found high SM was positively correlated with rating of performance and negatively related to age, though not with conscientiousness or emotional intelligence. Mehra, Kilduff, and Brass (2001) found a direct relationship between high SM and performance. In research involving performance appraisal from various sources (self, peer, and supervisors), both in student work groups and in a study of project teams in corporations, high SMs rated themselves significantly higher than low SMs; only in student groups did low SMs ratings reflect their greater consistency of behavior which supported their hypotheses (Miller & Cardy, 2000). In other situations, high SMs received higher supervisory performance appraisals from supervisors than low SMs in boundary spanning roles (Caldwell & O’Reilly, 1982) and low SMs showed behavioral consistency and received higher performance ratings from their supervisors (Caliguri & Day, 2000). In a study of turnover intentions, self-monitoring accounted for previously unexplained variance beyond traditional predictors of satisfaction and commitment: degree of job satisfaction was a better indicator of intent to leave for high SMs and commitment was a better for low SMs (Jenkins, 1993). Kilduff and Day (1994) tracked MBA graduates over five years and found that high SMs were more likely to change employers, move to different geographic locations, and achieve cross-company promotions than low SMs. The high SMs who stayed with an organization got more promotions than low SMs during that same period. They concluded that high SMs pursue more successful Volume 9, 2006 managerial career strategies than low SMs by being able to adapt to circumstances and opportunities (Kilduff & Day, 1994). Particularly with regard to personnel selection, there is a reliance on appearance and personality (Snyder, Berscheid, & Matwychuk, 1988). Tasks involving selection decisions from an evaluator’s viewpoint showed that interviewers who are high SMs focus more on job candidates’ appearances and low self-monitoring interviewers focused more on the job candidates’ personalities (Snyder et. al. 1988). Dobbins, Farh, & Werber (1993) found a self-monitoring effect on the job search process, with high SMs more likely than low SMs to portray themselves as best suited to workplace situations (Miller & Cardy, 2000). HYPOTHESIS DEVELOPMENT The interview is perhaps the most widely used selection approach in organizations and provides a forum in which applicants have only a brief time to present themselves as a prospective employee. Impressions made during this critical face-to-face time period have immediate and lasting consequences. With the high SM’s tendency to develop their self-presentation behaviors, they seem more likely to make a stronger impression during in an interview situation than low SMs. The advantage of this personality tendency may be relatively pronounced if all job candidates are similar on other factors (e.g., education, background, work experience, etc.). High SMs seem to have a number of advantages in an organizational environment. This leads one to hypothesize that receiving the opportunity to use that personality trait may begin with the selection process itself. As long as interviews are used, high SMs could present themselves as a better fit or job match than low SMs, which may result in more favorable outcomes. Three hypotheses were tested in this study: (1) First, it was hypothesized that self-monitoring accounts for significant incremental variance in the number of second interviews granted to the job seekers beyond the variance due to demographic and background variables, with self-monitors receiving more second interview opportunities. (2) The second hypothesis was that selfmonitoring would account for a significant amount of variance in the number of job offers extended to candidates, beyond that accounted for by demographic and 13 Palmetto Review Kimberly Freeman (3) background variables. Thirdly, it was hypothesized that selfmonitoring would explain a significant amount of variance over demographic and background variables for the early job acceptance measure of job search success. search success: (1) the number of second interview opportunities the student had received, (2) the number of job offers extended, and (3) whether the subject had accepted a job offer at least two weeks before graduation. RESULTS METHOD Descriptive Statistics Table 1 presents the means, standard deviations and intercorrelations matrix for the demographic and background variables used in the study. Subjects Ninety-seven second-year MBA students in a private southeastern university participated in the study. A total of 40 subjects completed usable questionnaires, resulting in a response rate of 41.2%. Among those who responded, 35% were women, the average age was 26.5, and the average months of work experience was 36.2. All forty subjects were seeking employment through the MBA placement office. TABLE 1 Means, Standard Deviations, and Intercorrelations for Demographic and Background Variables, and Self-Monitoring scale Measures Demographics and background. Data on gender, age, months of work experience (MWE), undergraduate grade point average (UGPA), a standardized test score (GMAT), and graduate-level grade point average after three semesters (GPA3) were made available by the administration for use as predictor variables. It should be noted that undergraduate GPA was based on the traditional 4.0 scale, while the graduate-level GPA was scaled from 0.0 to 8.0. Self-Monitoring Scale. The subjects completed a 25-item self-report measure of true-false questions on self-monitoring behavior and scores could range from 0 to 25. The self-monitoring scale (SMS) was developed by Snyder (1974) and has been used extensively (Gangestad & Snyder, 2000; Snyder & Gangestad, 1982). High test-retest reliability, internal consistency, reliability, and validity of the SMS scale have been well established (Snyder & Gangestad, 1986; Snyder, 1987). Examples of SMS scale questions that reflect high self-monitors include “Even if I am not enjoying myself, I often pretend to be having a good time”; “In different situations and with different people, I often act like very different persons”; and “I’m not always the person I appear to be.” Low self-monitors would tend to respond positively to “I find it hard to imitate the behavior of other people”; “I have trouble changing my behavior to suit different people and different situations”; and “My behavior is usually an expression of my true inner feelings, attitudes, and beliefs.” Job Search Success measures. Two weeks prior to graduation, the MBA placement office provided the information for the three dependent measures of job Volume 9, 2006 Measure M SD 2 1. 2. 3. 4. 5. 6. 26.5 36.2 2.92 594 6.42 12.83 4.02 40.21 0.36 41.91 0.46 4.13 .94*** -.33* --.36* -- Age MWE UGPA GMAT GPA3 SMS 3 4 5 6 -0.22 -0.16 0.25 -- -0.23 0.21 0.14 0.1 -- 0.06 0.1 -0.2 -0.13 0.1 -- N=40. Note: MWE is Months Work Experience, UGPA is Undergraduate Grade Point Average. GMAT is Graduate Management Aptitude Test, GPA3 is Grade Point Average after 3 semesters in the MBA program; and SMS is the Self-monitoring scale. * p < .05. ** p < .01. *** < .001. ***p Relationships among Demographic and Background Variables and Self-monitoring There were no gender differences on any of the variables, thus gender was not included in the analysis. As would be expected, age was strongly related to months of work experience. Undergraduate GPA was negatively correlated with both age and MWE, as would also be predicted. Neither GMAT nor graduate-level GPA was significantly correlated with any of the other variables in the study. Age ranged from 22 to 40 years old, months of work experience (MWE) ranged from 0 to 152 months, undergraduate GPA for the students ranged from 2.1 to 3.7 (based upon a 4.0 scale), GMAT scores ranged from 510 to 700, and GPA after three semesters in the MBA program ranged from 5.63 to 7.58 (based upon an 8.0 scale). Scores on the SMS ranged from 5 to 24 and were not correlated with any of the demographic or background variables. Relationships among Self-monitoring and Job Search Success Measures The three measures of job search success were 14 Palmetto Review The Role of Self-Monitoring in Job Search Success: A Field Study highly intercorrelated. The number of second interviews was strongly related to both number of offers and early job acceptances. As would be expected, whether one had accepted a job offer by two weeks prior to graduate was strongly related to the number of offers received by the subject. Table 2 shows these correlations. On step two, the self-monitoring variable was entered into the regression equations to assess the incremental variance it explained in the dependent measures beyond those entered into the equation on the first step. The hierarchical regression results are presented in Table 3. Results for the number of second interviews are given first. As shown, self-monitoring accounted for significant variance in the number of second interviews beyond that accounted for by variable entered in the first step (Delta R-squared = .39), F F(6,33) = 22.91, p < .0001. TABLE 2 Means, Standard Deviations, and Intercorrelations for Self Monitoring and Dependent Variables Measure 1. SMS 2. Second Int. 3. Offers 4. Accept M 12.83 2.15 0.98 0.58 SD 4.13 1.27 0.86 0.5 2 .63*** -- 3 .43** .56*** -- 4 .36** .47** .75*** -- TABLE 3 Hierarchical Regression Analysis controlling for Demographic and Background Variables with Main Effect (Self-Monitoring) entered in Step 2 for Prediction of Second Interviews, Job Offers, and Early Job Acceptance N=40. Note: SMS is Self-Monitoring Score, Second Int. is for number of second interviews, Offers is for number of job offers, and Accept is for early job acceptances. * p < .05. ** p < .01. *** p < .001. Job Search Success Measures Second Job Offers Interviews Betas Betas Step 1: Control variables Age MWE UGPA GMAT GPA3 R-squared Relations among Self-Monitoring and Other Variables Self-monitoring was related to all three of the job search success measures. Self-monitoring was strongly correlated with number of second interviews (r = .63, p <.001) and with the number of offers extended (r = .43, p < .01), and moderately correlated with early job acceptance (r = .36, p <.05). Step 2: SMS R-squared Delta R-squared Tests of the Hypotheses The hypotheses were tested by examining the incremental variance explained by self-monitoring over the demographic and background variables. Two-step hierarchical regression analyses were conducted using each of the job search success measures as the criterion. On the first step, the demographic and background variables entered simultaneously were: age, MWE, UGPA, GMAT, and GPA3. It was expected that age, grades, test scores, and work experience would explain some of the variance in the job search success measures for several reasons. Since past performance is a good predictor of future performance, it would seem that high grades and test scores would be important indicators of job search success as indicators of ability, perseverance, and/or a willingness to work hard. Further, age and work experience would likely indicate a higher level of maturity and experience in assimilating into the work environment. Thus, it was felt that these variables should be controlled prior to entering the variable relevant to the hypotheses: self-monitoring. However, the demographic and background variables which were entered at step 1 did not account for a significant amount of variance for any of the three dependent variables. Volume 9, 2006 -0.11 0.01 0.58 0 0.2 Early Job Acceptance Betas -0.07 0 -0.22 0 -0.1 0.06 0.2 -0.04 0 -0.14 0 0.02 0.09 0.09 0.13 0.04 .45* 0.27 0.25 .39*** .18** .12* N=40. Note: MWE is Months Work Experience, UGPA is Undergraduate Grade Point Average. GMAT is Graduate Management Aptitude Test, GPA3 is Grade Point Average after 3 semesters in the MBA program, and SMS is Self-monitoring Scale. Note: Beta values are for full model. * p < .05. ** p < .01. *** p < .001. Results for offers extended were similar to those for second interviews. Self-monitoring accounted for a significant amount of variance beyond the demographic and background variables alone (Delta R-squared = .18), F(6,33) = 8.33, p < .01. F The results with regard to early job acceptance, the third measure of job search success, were also significant ((F F(6,33) F (6,33) = 5.52, p < .01). Self-monitoring accounted for an additional 12% of variance beyond the demographic and background variables alone. 15 Palmetto Review Kimberly Freeman DISCUSSION Graf & Harland (2005) used MBA students in a study of effective screening and selection of expatriates and found that interpersonal competence measures, which included a communication skills component, predicted intercultural decision quality in an intercultural organizational scenario. One of the top recommendations by Bernthal and Wellins (2006) was to base selection and promotion decisions for leaders on interpersonal skills and personal qualities. The lack of these skills and qualities being the two most common reasons for failure of leaders despite being promoted based on the leader’s ability to get results. Although McFarland, Ryan, and Krista (2002) did not directly evaluate self-monitoring behavior, they found that an applicant’s use of soft influence tactics (e.g., ingratiation, rational persuasion) indeed positively influences interviewer perceptions and ratings. They recommended that interviewers be explicitly trained to recognize applicant influence tactics to increase the usefulness of interviews so that more accurate selection decisions can be made. If we can assume that self-monitoring is linked to one’s success in a job search, then recruiters must be aware of the effect that this factor may have on organizational outcomes. Based on the current study, organizations tend to disproportionately offer a second interview, extend offers to, and hire individuals who can adapt to situations and present themselves favorably to others as needed. This may offer a competitive advantage such that the workforce of an organization is flexible, malleable, and can respond to change. This finding might be relevant for organizations when examining or evaluation their selection criteria. Perhaps more explicit consideration of the personality aspect is warranted. If self-monitoring is not a valid criterion to use for selection into a particular position, however, its presence may unduly influence those involved in the selection decision. In view of this argument, recruitment and selection methods and processes may help determine the prevalence of hiring high self-monitors. If the recruiting procedures are poorly designed (e.g., interviews are unstructured, no work sample or performance testing is conducted) then recruiters and organizational decision makers are likely to be influenced more heavily by high self-monitors due to more opportunities for impression management associated with subjective assessment. However, a well-designed recruitment and selection process that includes work sample tests, structured interviews, and behavioral simulation tests, for example, is likely to increase objectivity in the selection process and The results strongly support the role of selfmonitoring behavior in three phases of job search success. It was hypothesized that a person’s score on self-monitoring accounts for significant variance in three job search success measures beyond that explained by age, months of work experience, undergraduate GPA, a standardized test score (the GMAT) and grade point average after three semesters of graduate school. The incremental change in the percentage of variance explained in all three measures of job search success when the self-monitoring predictor was added to the demographic and background variables confirmed the three hypotheses posed in this study. The magnitudes of the zero-order correlations show that one’s self-monitoring is strongly related to all three aspects of job search success: 0.63 with number of second interviews, 0.43 with number of job offers, and 0.36 with early job acceptance. Further, none of the zero-order correlations between the demographic and background variables with any of the three job search success measures were significant, with the sole exception of a negative relationship between age and early job acceptance ((p <.05). Taken together, these results emphasize the relative importance of self-monitoring in job search outcomes. The higher a person scores on self-monitoring, the more likely he/she is to receive second interviews, job offers, and to make an early decision to accept a job. There are several plausible explanations for these findings. First, job candidates high on self-monitoring may influence the perceptions of recruiters, and others involved in the selection process, of their goodness of “fit” with the job sought. Because of a relative lack of detailed information regarding the job candidate’s technical job competence, perhaps recruiters relied upon subject’s ability to portray themselves as good potential job candidates and employees who are a good match for the position. A second reason that the effects of GPA, MWE, GMAT and other likely predictors of job search success are not as strong as self-monitoring may lie in the recruiter’s perception that all MBAs have a sound technical background and thus look to other variables (e.g., adaptability, flexibility) upon which to base decisions. Earlier research on MBA recruitment (e.g., Kane, 1993) provides support for this possibility. Kane (1993) found that recruiters reported interpersonal skills, communication skills, and teamwork skills were more important criteria than technical skills or work experience for any category of positions (i.e., general management, functional specialty areas, and commissioned sales). Volume 9, 2006 16 Palmetto Review The Role of Self-Monitoring in Job Search Success: A Field Study decrease the effects of self-monitoring behavior. As with any study involving the use of self-report measures, this investigation has its limitations that may be overcome in future research. Additional personality variables that may be factors in job search success (e.g., extroversion, conscientiousness) can be included to determine the relative importance of self-monitoring behavior. Further, the sample size is rather small (n= 40) and involves a narrow range of job candidates in terms of age and other background variables such as race or cultural orientation. Interview criteria used by recruiters was also unknown. Finally, it would be useful to add a time dimension to track subsequent job success (e.g., the number and timing of promotions, salary increases, job tenure). 2. Bernthal, P. and Wellins, R. (2006). Growing leaders. Leadership Excellence, Vol. 23, No. 3, p. 8. 3. Caldwell, D.F., and O’Reilly, C.A., III (1982). Responses to failure: The effects of choice and responsibility on impression management. Academy of Management Journal, Vol. 25, pp. 121-136. 4. Caligiuri, P.M., and Day, D.V. (2000). Effects of self-monitoring on technical, context, and assignmentspecific performance. Group & Organizational Management, Vol. 25, pp. 154-174. 5. Day, D.V., Schleicher, D.J., Unkless, A.L., and Hiller, N. J. (2002). Self-monitoring personality at work: A meta-analytic investigation of construct validity. Journal of Applied Psychology, Vol. 87, No. 2, pp. 390-401. CONCLUSION In this study, self-monitoring behavior by job seekers is shown to be a predictor of job search success during each of the three phases of the process: second interviews, offers extended, and early job acceptances. The subsequent effects of this phenomenon for the organization should be recognized. For example, initial evidence from this study indicates that recruiters and others involved in the selection process are susceptible to a candidates’ adeptness at presenting himself or herself in a favorable light in no way reflects the person’s technical competence or work experience, which could be critical factors for subsequent job success. 6. Dobbins, G.H., Fahr, J., and Werber, J.D. (1993). The influence of self-monitoring on inflation of gradepoint averages for research and selection purposes. Journal of Applied Social Psychology, Vol. 23, No. 4, pp. 321-334. 7. Dobbins, G.H., Long, W. S., Dedrick, E. J., and Clemons, T. C. (1990). The role of self-monitoring and gender on leader emergence: A laboratory and field study. Journal of Management, Vol. 16, No. 3, pp. 609-618. 8. Douglas, C., Frink, D. D., and Ferris, G. R. (2004). Emotional intelligence as a moderator of the relationship between conscientiousness and performance. Journal of Leadership and Organizational Studies, Vol. 10, No. 3, pp. 2-14. Implications for Educators By increasing students’ awareness that learning as much as they can about an organization’s culture and environment prior to engaging in a job interview may help them to discern the right fit or match for them, faculty members perform a positive service for students. Students who are low SMs might also be aware that if the match isn’t compatible that they can potentially be at a disadvantage relative to high SM job candidates who are more naturally adept at portraying themselves as the best person for job. Long term consequences such as performance, promotions, and career mobility can be effected. 9. Flynn, F.J., Chatman, J.A., and Spataro, S.E. (2001). Getting to know you: The influence of personality on impressions and performance of demographically different people in organizations. Administrative Science Quarterly, Vol. 46, No. 3, pp. 414-446. 10. Gangestad, S. W., and Snyder, M. (2000). Selfmonitoring: Appraisal and re-appraisal. Psychological Bulletin, Vol. 126, No. 4, pp. 530-555. REFERENCES 11. Goleman, D. (1995). Emotional Intelligence. New York: Bantam Books. 1. Barrick, M.R., Parks, L., and Mount, M.K. (2005). Self-monitoring as a moderator of the relationships between personality traits and performance. Personnel Psychology, Vol. 58, No. 3, pp. 745-768. Volume 9, 2006 12. Goodwin, R. & Pang Yew Soon, A. (1994). Self-monitoring and relationship adjustment: A cross-cultural analyses. The Journal of Social Psychology, Vol. 134, No. 1, pp. 35. 17 Palmetto Review Kimberly Freeman 13. Graf, A. and Harland, L.K. (2005). Expatriate selection: Evaluating the discriminant, convergent, and predictive validity of five measures of interpersonal and intercultural competence. Journal of Leadership & Organizational Studies, Vol. 11, No. 2, pp. 46-63. 23. Snyder, M., Berscheid, E., & Matwychuk, A. (1988). Orientations toward personnel selection: Differential reliance on appearance and personality. Journal of Personality and Social Psychology, Vol. 54, pp. 972-979. 24. Snyder, M., and Gangestad, S. (1982). Choosing social situations: Two investigations of self-monitoring processes. Journal of Personality and Social Psychology, Vol. 43, pp. 123-135. 14. Gudykunst, W., Yang, S., & Nishida, T. (1987). Cultural differences in self-consciousness and self-monitoring. Communication Research, Vol. 4, pp. 7-34. 15. Jenkins, J.M. (1993). Self-monitoring and turnover: The impact of personality on intent to leave. Journal of Organizational Behavior, Vol. 14, No. 1, pp. 83-91. 25. Snyder, M., and Gangestad, S. (1986). On the nature of self-monitoring: Matters of assessment, matters of validity. Journal of Personality and Social Psychology, Vol. 51, pp. 125-139. 16. Kane, K.F. (1993). MBAs: A recruiter’s-eye view. Business Horizons, Jan.-Feb., pp. 65-71. 26. Turnley, W.H. and Bolino, M.C. (2001). Achieving desired images while avoiding undesired images: Exploring the role of self-monitoring in impression management. Journal of Applied Psychology, Vol. 86, No. 2, pp. 351-360. 17. Kilduff, M., and Day, D. (1994). Do chameleons get ahead? The effects of self-monitoring on managerial careers. Academy of Management Journal, Vol. 37, No. 4, pp. 1047-1061. 18. McFarland, L.A., Ryan, A.M., and Krista, S.D. (2002). Field study investigation of applicant use of influence tactics in a selection interview. The Journal of Psychology, Vol. 136, No. 4, pp. 383-399. 27. Zaccaro, S.J., Foti, R.J., and Kenny, D.A. (1991). Self-monitoring and trait-based variance in leadership: An investigation of leader flexibility across multiple group situations. Journal of Applied Psychology, Vol. 76, No. 2, pp. 308-315. 19. Mehra, A., Kilduff, M., and Brass, D.J. (2001). The social networks of high and low self-monitors: Implications for workplace performance. Administrative Science Quarterly, Vol. 46, pp. 121-146. 28. Zweigenhaft, R. L., and Cody, M. L. (1993). The self-monitoring of black students on a predominantly white campus. The Journal of Social Psychology, Vol. 133, No. 1, pp. 5. 20. Miller, J. S., and Cardy, R. L. (2000). Self-monitoring and performance appraisal: Rating outcomes in project teams. Journal of Organizational Behavior, Vol. 21, No. 6, pp. 609-626. ABOUT THE AUTHOR Kimberly A. Freeman is a visiting professor at Winston-Salem State University in the School of Business and Economics. She previously taught at Wake Forest University’s Babcock Graduate School of Management and holds an MBA and Ph.D. from Indiana University—Bloomington. She has published articles in Journal of Management, Human Resource Management Review, Small Group Research, The International Executive, Journal of Management Systems, Business Horizons, and elsewhere. 21. Snyder, M. (1974). The self-monitoring of expressive behavior. Journal of Personality and Social Psychology, Vol. 30, pp. 526-537. 22. Snyder, M. (1987). Public appearances/private realities: The psychology of self-monitoring. San Francisco: Freeman. Volume 9, 2006 18 Palmetto Review MANAGEMENT AS A LIBERAL ART George S. Lowry Edward D. Showalter Randolph-Macon College ABSTRACT This paper explores the connection of traditional content in principles of management courses with the liberal arts. While not initially obvious, the topics covered in the general “principles” course represent a tremendous breadth of fields of study, not unlike that found in a liberal arts curriculum. Recognition of this connection can facilitate a depth of appreciation with applicability to management courses beyond the principles level. To that end, this paper provides a functional description of the field of management, a brief overview of the liberal arts, and finally makes connections between the core content of traditional principles of management courses and the liberal arts. INTRODUCTION The curriculum of collegiate academic institutions is influenced by two major forces; the traditions of higher education (i.e. the liberal arts) and the market. And while the business curriculum continues to attract significant student interest (which helps maintain enrollments for the schools), its enrollment dominance does not come without some level of disdain by those in other fields, particularly those in the liberal arts. This paper explores the basis of a liberal arts education, then shows an obvious connection between the topical presentation of traditional principles of management concepts and the liberal arts. Before addressing these two, however, a simplifying framework of management is needed. emphasizes the functional activities of all organizations while over-laying the traditional process of management (e.g. planning, organizing, leading, controlling). Production, marketing, and finance form the basic functional structure of all organizations. Production is concerned with the entire transformation process, from acquisition of resources to final distribution of finished goods (and waste). Marketing is broadly defined as communications. The marketing function communicates information about the organization to the outside world (advertising, promotion, public relations, etc.) and gathers information from the outside for distribution and use inside (sales orders, focus groups, environmental scanning, etc.). Finance is concerned with tracking the flow of resources through the organization and includes everything from fund-raising/capital acquisition through bookkeeping/auditing to process control. Generally, all activities within an organization fall into one of these basic “business” functions. All organizations, whether for-profit or not-for-profit, utilize all three. Obviously, some organizations rely on some functions more than others, and the degree of sophistication varies greatly with size and scope of the organization. Using business function as the reference point, the management process (i.e. planning, organizing, leading, and controlling) more clearly becomes a means to an end. Often, students see the process as the end in itself, never connecting the process to the practice of management. And while this is not uncommon in a survey course such as the principles of management course, the challenge is to shift the emphasis to encourage critical thinking and deeper learning. A FRAMEWORK FOR MANAGEMENT As a discipline, management is complex. Often the detail of its study overshadows the general precept, suggesting that functions dominate practice. A simplifying construct redirects the emphasis, which supports a means-oriented approach to conceptualizing the field and thus to teaching the subject. This construct presents “management” as a process, present at all levels of an organization. It coordinates, directs, and facilitates the activities of the organization. And, as a field of inquiry, management finds application in all three of the basic functions common to all organizations, profit or notfor-profit: Production, Marketing, and Finance. That is to say, management is not an end in itself, but rather is present in all of the specific areas of operation within the organization. Using this framework can help reduce the compartmentalizing of learning fostered by the traditional textbook approaches. In particular, this framework Volume 9, 2006 19 Palmetto Review George S. Lowry, Edward D. Showalter THE LIBERAL ARTS “Until recently, the shifting sands of practitioner judgment were the major if not the only source of knowledge about how to organize and run an enterprise. Now research on leadership, management, and organization, undertaken by social scientists, provides a more stable body of knowledge than has been available in the past.” (Likert, 1967, 1). Academics today are influenced by the educational traditions of the past and are inextricably connected to the liberal arts. However, the liberal arts have evolved from their origins in the middle ages as artes liberales; a normative educational system. Encouraged by a desire for deeper understanding of religious texts, language and grammar (along with literature), history, moral instruction, and the art of rhetoric (with logic as an adjunct) emerged. Mathematics and the sciences were necessary foundations for factual knowledge, and music was studied as a practical matter. Specialization in any area was eschewed, its pursuit tantamount to selfindulgence. Philosophia became the catch-all phrase, naming the entire field of learning. Over the centuries, debate about the true definition of the liberal arts continued. Consistent themes exist today, however. Under its tradition, the liberal arts broaden the mind of the student by exposing them to a variety of theories and ideas. The process of learning is one of assimilation, then critical analysis. Some suggest the only true foundation lies in classical texts, while others see the path illuminated by “free thinking.” In reality, the explicit dimensions of a liberal arts education often are the result of negotiated political interests embodied in academic disciplines within the academy, both individually and generally. A non-specific accumulation of knowledge (i.e. truth) evident in the past has given way to core curricula and general education programs which encourage the very specialization denounced in the classical model. And, to the displeasure of the proponents of the liberal arts tradition (however modified over time), these areas of specialization (often referred to as majors or minors) consume increasing proportions of the student’s undergraduate (liberal arts) studies. A dedication to the liberal arts—to broaden the minds of students, to open them to truth, discipline, and critical evaluation—may not be lost in the pursuit of specialty. The bane of the liberal arts enthusiast (the business curriculum) may indeed contain the very seeds needed for enlightened inquiry. Obviously, any academic discipline finds its origins in pure empiricism, and this is true of management. However, the field of management has been a cohesive discipline worthy of inclusion not only in schools of business but also in the liberal arts for quite some time. Connections in the Standards The content areas embraced by the liberal arts community appear to be supported by The Association to Advance Collegiate Schools of Business (AACSB) in their general guidelines for general management programs and in the common contents of standard Principles of Management texts. This section helps clarify these connections by more closely examining the topics covered in current Principles textbooks, delineating the connections of the AACSB guidelines to the chapter topics, and finally showing connections between the chapter topics and fields in the liberal arts. By analyzing the chapter coverage of several Principles textbooks from different publishers, a common content list was developed (Table 1). Seventy-six chapters in four texts (Robbins, 2005; Krietner, 2004; Daft, 2003; Jones, 2003) cover 19 distinct content areas (including introductory chapters). Of these 19 areas, only 4 appear in less than three of the four texts, and those topics are covered to a greater or lesser extent elsewhere in the texts. TABLE 1 Principles of Management Test Topics Principles of Management Text Topics Communications Control Culture, Corporate Culture Decision Making, Decision Theory Diversity Entrepreneurship/Small Business Ethics, Social Responsibility Groups and Teams Historical Perspectives Human Resources Information Systems International Perspective Introduction Leadership/Motivation/OB Negotiations Operations Organizational Theory Planning and Goal Setting The Changing Environment Total Chapters in 4 texts PRINCIPLES OF MANAGEMENT AND THE LIBERAL ARTS The perception exists in some minds that the field of management is based primarily on the intuitive expertise of practicing managers. While early in the development of the field, this may have been partially true (e.g. Barnard, 1938; Fayol, 1949), the reality changed long ago even if the perception did not. Likert stated in 1967, Volume 9, 2006 20 Number of Chapters 4 4 3 4 2 2 3 4 4 4 2 4 4 10 2 3 5 8 4 76 (not in Kreitner) (Not in Kreitner or Robbins) (Not in Kreitner or Robbins) (not in Jones and George) (Not in Kreitner or Robbins) (not in Daft or Robbins) (not in Kreitner) Palmetto Review Management As A Liberal Art While the AACSB does not prescribe specific courses in the curriculum, it does suggest areas of coverage, all of which are included in the listing in Table 2. The second column of Table 2 indicates the connections between the text topics and the AACSB guidelines. TABLE 3 Topics (other than Introductory Chapters) covered in at least three Texts and Related Liberal Arts Fields Principles of Management Text Topics Communications Control Culture, Corporate Culture TABLE 2 Principles of Management Text topics as they relate to AACSB Area Coverage AACSB Topics List (adapted from AACSB, 2004, 67) Global, environmental, political, economic, legal, and regulatory context for business. Individual ethical behavior and community responsibilities in organizations and society. Management responsiveness to ethnic, cultural, and gender diversity. Statistical data analysis and management science as they support decision-making processes throughout an organization. Information acquisition, management, and reporting for business (including information management and decision support systems for accounting, production, distribution, and human resources). Creation of value through the integrated production and distribution of goods, services, and information (from acquisition of materials through production to distribution of products, services, and information). Group and individual dynamics in organizations. Human resource management and development. Finance theories and methods; financial reporting, analysis, and markets. Strategic management and decision-making in an integrative organizational environment. Other management-specific knowledge and skills as identified by the school. Decision Making, Decision Theory Ethics, Social Responsibility Principles of Management Text Topics Groups and Teams Culture, Corporate Culture; Diversity; International Perspective; Introduction; The Changing Environment Historical Perspectives Human Resources Culture, Corporate Culture; Diversity; Ethics, Social Responsibility International Perspective Culture, Corporate Culture; Diversity Leadership/Motivation/OB Operations Control; Decision Making, Decision Theory Organizational Theory Planning and Goal Setting Control; Decision Making, Decision Theory; Information Systems The Changing Environment CONNECTIONS IN THE LITERATURE Control; Operations Another method for establishing the connection between the management field and the liberal arts is to look at intersections in the literature. While, again, not an exhaustive list, several references are offered to show the connections between the liberal arts to management. As a simplifying framework, the three traditional divisions of the liberal arts are used and include the Humanities, Social Sciences and Natural Sciences/ Mathematics. Many more examples exist and it is clear that a greater representation exists in some of the three, and to a lesser extent in others. Communications; Control; Diversity; Groups and Teams; Leadership/Motivation/OB Diversity; Human Resources Control; Negotiations Culture, Corporate Culture; Decision Making, Decision Theory; Planning and Goal Setting; The Changing Environment Historical Perspectives; International Perspective; Organizational Theory Humanities Connections to the humanities are inescapable. History, composition & grammar, languages/communications, philosophy, religion, and other fields are obviously linked to the study of management. Of most recent interest is the study of ethics and morality. Lawrence Kohlberg (1976) connects ethics to the development of moral development and then to specific organizations. His focus was on individual development, but with implications to groups. Other forms of connection are apparent. The Academy of Management Annual Meetings have for several years now included competitive tracks in “Man- (adapted from AACSB, 2004, 67) Table 3 presents 14 areas of coverage (non-introduction topics covered explicitly in three or more of the texts) and a set of possible connections between the management content areas and related liberal arts fields. This set of connections is not meant to be exhaustive, but suggestive of potential connections between management and the liberal arts. Volume 9, 2006 Related Liberal Arts Fields Communication Studies, English/Language, Rhetoric Systems Theory, Entropy, Biology, Physics, Mathematics, Economics Sociology, Anthropology, Psychology Sociology, Statistics, Mathematics, Philosophy, Psychology Religion, Economics, Law Philosophy Sociology, Psychology, Political Science History Economics, Psychology, Education International Studies, Sociology, Political Science, Economics Psychology, Sociology Mathematics, Physics, Chemistry, Biology Sociology Mathematics, Sociology, Economics, Psychology, Political Science Sociology 21 Palmetto Review George S. Lowry, Edward D. Showalter agement, Spirituality, and Religion”, “Management History”, “Organizations and the Natural Environment”, as well as an “Academy Arts” division which accepts paintings and sculptures as well as poetry and literature. In addition, The Hartwick Humanities in Management Institute publishes a series of management cases based on classic literature and film, and other examples of using classic literature are found throughout case books and management texts. Sage publications announced in 2005 that one of the most downloaded articles from The Journal of Management Education was Jim McCambridge’s (2003) study on 12 Angry Men. discuss his work without venturing into an exploration of the liberal arts. In his best-selling “Images of Organization” he discusses the importance and application of metaphor (rhetoric and literature) and then uses metaphor to explore management as represented by: biological science (natural selection, variety of species, population ecology), brains (psychology), cultures (sociology and anthropology), political systems, psychic prisons (philosophy using Plato’s Cave metaphor), logics of change (mathematics – chaos theory), and instruments of domination (sociology) (Morgan, 1997). Natural Sciences/Mathematics Behling (1980) makes the case that despite arguments against using the natural science approach to study social organizations, none of the problems the approach generates are insurmountable, and the approach is the best tool available. Herbert Simon (1957) made many contributions to the discipline, but in a variety of sub-fields, including decision theory and artificial intelligence. His reflections on his choice of educational direction show the multidisciplinary foundation that shaped his contributions. Social Sciences Irving Janis states that his work is multidisciplinary. In his Preface to “Victims” he states “A final note for scholars: This book obviously is at the intersection of three disciplines – social psychology, political science, and history” (Janis, 1972, vi). Nowhere in his preface does he refer to or suggest that his is a management work, however his work is cited in three of the four management textbooks reviewed in this present study. When Likert published his work, he was the Director for the Institute for Social Research and Professor of Psychology and Sociology at the University of Michigan. The following paragraph clearly establishes management as a social science. By the time I was ready to enter the University of Chicago, in 1933, I had a general sense of direction. The social sciences, I thought, needed the same kind of rigor and the same mathematical underpinnings that had made the “hard” sciences so brilliantly successful. I would prepare myself to become a mathematical social scientist. By a combination of formal training and self study, the latter continuing systematically well into the 1940s, I was able to gain a broad base of knowledge in economics and political science, together with reasonable skills in advanced mathematics, symbolic logic, and mathematical statistics (Simon in Linbeck, 1992). “The art of management can be based on verifiable information derived from rigorous, quantitative research. Independent investigators can repeat the research and test the validity of the findings. Not only is the body if knowledge more stable and accurate, but it is likely to grow continuously as the results of additional research on management are accumulated. Quantitative research anywhere in the world can add to this body of knowledge. Its rate of growth can be accelerated by increasing the expenditures for social science research focused on organizations” (Likert, 1967, 1-2). Norbert Wiener combined his training and interests in mathematics and engineering into a multiplicity of theoretical and applied models contributing to probability theory, decision theory, communications, and organizational control. Abraham Maslow’s hierarchy (1943) is presented in all four management texts (and many others) as the introduction to the discussion of needs based motivation. All the texts move on from there with numerous other motivation theories – more or less directly related to business management – but the starting point of Maslow clearly connects the discipline to psychology. While Gareth Morgan’s background is primarily from the field of management, it is impossible to Volume 9, 2006 …these [experimental and mathematical] concepts have combined with the engineering preoccupations of a professor of the Mathematical Institute of Technology to lead me to make both theoretical and practical advances in the theory 22 Palmetto Review Management As A Liberal Art of communication, and ultimately to found the discipline of cybernetics, which is in essence a statistical approach to the theory of communication (Weiner, 1948). provide opportunities for extensions. First, the fundamental definition of the liberal arts is not universally agreed. Using this paper’s narrow approach may be insufficient or lead to illogical conclusions. Next, it is assumed that the Principles of Management is generally taught using a text similar to the four referenced in this paper. It may be the case that such a course follows another text or framework. In such a case, the claim of a liberal arts connection may not exist. Finally, there is always the question of completeness. Arbitrarily setting limits on examples opens the door to criticism. There are likely more and better examples of seminal works, authors, contributors, and connections to the liberal arts. This paper is a first attempt at addressing the concept of management as a liberal art. Ludwig von Bertalanffy makes clear the difficulties of separate disciplinary pursuit, thus calling for a unified approach to theory development; a general systems theory. His clarion call is for integration, not isolation. “Modern science is characterized by its everincreasing specialization, necessitated by the enormous amount of data, the complexity of techniques and of theoretical structures within every field. Thus science is split into innumerable disciplines continually generating new subdisciplines. In consequence, the physicist, the biologist, the psychologist and the social scientist are, so to speak, encapusulated in their private universes, and it is difficult to get word from one cocoon to the other...” REFERENCES 1. AACSB International. (2004). The Association to Advance Collegiate Schools of Business Eligibility Procedures and Accreditation Standards for Business Accreditation. Adopted: April 25, 2003 Revised: January 01, 2004 “These considerations lead to the postulate of a new scientific discipline which we call general system theory. It’s subject matter is formulation of principles that are valid for “systems” in general, whatever the nature of the component elements and the relations or “forces” between them...” 2. Barnard, C. (1938). The Functions of the Executive. Cambridge, MA: Harvard University Press. 3. Behling, O. (1980). The Case for the Natural Science Model for Research in Organizational Behavior and Organization Theory. Academy of Management Review. 5(4), 483-490. “It seems, therefore, that a general theory of systems would be a useful tool and providing on the one hand, models that can be used in, and transferred to, different fields, and safeguarding, on the other hand, from vague analogies which often have marred the progress in these fields” (von Bertalanffy, 1951). 4. Boyer, Ernest L. (1991). Scholarship Reconsidered: Priorities of the Professorate. Princeton, NJ: The Carnegie Foundation for the Advancement of Teaching. 5. Daft, R. (2003). Management, 6th ed. Mason, OH: Thompson/South-Western. CONCLUSION 6. Fayol, H. (1949). “General and Industrial Administration”. Sir Isaac Pitman & Sons: London. This paper connects the study of management to the liberal arts. Intended as a survey, the Principles level course provides a broad representation of the field of management, both in theory and in practice. The theory supporting the discipline is based on the work founded in other fields; those constituting the traditional liberal arts. Because management, at least as portrayed at the Principles level, represents such a broad range of fields, it can be considered a liberal art in itself. Several limitations are present in this paper and Volume 9, 2006 7. Janis Irving L. (1972). Victims of Groupthink Boston, MA: Houghton Mifflin. 8. Janis, I. L. (1971, November) Groupthink. Psychology Today Magazine, 43-46. 9. Jones, G. & George, J. (2003). Contemporary Management, 3rd ed. Boston: McGraw-Hill/Irwin. 23 Palmetto Review George S. Lowry, Edward D. Showalter ABOUT THE AUTHORS 10. Kimball, Bruce A. (1995). “A Typology of Contemporary Discussion” in Orators and Philosophers: A History of the Idea of Liberal Education. The College Board. pp. 205-241. George S. Lowry is Professor of Business at Randolph-Macon College, teaching management and finance. He has numerous publications covering a diverse field of interest, including innovative teaching and applied finance and has served as an officer in both the Southeast Decision Sciences Institute and Southeastern Institute for Management Science and Operations Research. Additionally, George is active with the Society for the Advancement for Management (SAM), serves on the editorial review board of the Coastal Business Journal and is co-managing editor of the Virginia Economic Journal. He earned his Ph.D. in Management from Virginia Commonwealth University. 11. Kohlberg, Lawrence. (1976). Moral development and Behavior: Theory, Research, and Social Issues. Issues T. Lickona, ed. New York: Holt, Rienehart, and Winston. 12. Krietner, R. (2004). Management, 9th ed. Boston: Houghton-Mifflin. 13. Likert, R. (1967). The Human Organization: Its Management and Value. McGraw-Hill: New York. 14. Lilienthal, David E. (1966). Management: A Humanist Art. New York: Columbia University Press. Edward D. Showalter is an assistant professor at Randolph-Macon College where he teaches courses in Management and Organizational Behavior. He has presented papers at the Southeastern Chapter of the Institute for Management Science and Operations Research, the Southeastern Chapter of the Decision Sciences Institute, and the National Meetings of the Academy of Management. He has published in the Journal of Distance Learning Administration, and serves on the editorial board of the SAM Advanced Management Journal. He received both his MBA and Ph.D. in Management from Virginia Commonwealth University. 15. Maslow, A. H. (1943). A Theory of Human Motivation. Psychological Review, 50, 370-396. 16. McCambridge, J. (2003) 12 Angry Men: A Study in Dialogue Journal of Management Education, 27(3), 384-401. 17. Morgan, Gareth (1997). Images of Organization (New Edition) Thousand Oaks, CA:Sage. 18. Naughton, Michael J. and Bausch, Thomas A. (1996). “The Integrity of a Catholic Management Education.” California Management Review. Summer, v38, n4, p. 118 (23). 19. Robbins S. & Coulter, M. (2005). Management, 8th ed. Upper Saddle River, NJ: Pearson/Prentice Hall. 20. Simon, Herbert. (1992). Nobel Lectures, Economics 1969-1980. Assar Lindbeck, ed. World Scientific Publishing Company, Singapore. Volume 9, 2006 24 Palmetto Review FACTORS IMPACTING ONE’S DESIRE TO TELECOMMUTE: AN INVESTIGATION OF STUDENT PERSPECTIVES Beth Clenney Thomas E. Gainey University of West Georgia ABSTRACT Telecommuting assists individuals in balancing the demands in their personal and professional lives. And, employers increasingly offer telecommuting programs as a benefit. Yet, our study reveals that individuals have very different perspectives when it comes to this work alternative. Results of our student survey indicate that many of these differences are attributable to perceptual, demographic, and work experience factors. ing home. Thus, the time normally spent in daily traffic is used more productively, and employees save on gas and parking expenses. Further, there is evidence that spending less time commuting each day can significantly reduce stress (Tan-Solano & Kleiner, 2001). Therefore, employees feel better, are more satisfied, and produce better quality work. There are potential benefits for employers who offer telecommuting programs as well. Specifically, previous studies have revealed that telecommuting significantly reduces both absenteeism and turnover (Wells, 2001). Additionally, research has shown that telecommuting has resulted in a 20 to 40 percent increase in productivity (Manochehri & Pinkerton, 2003; McLarty, 2004). Further, many employers find that by offering telecommuting options, they are able to open up new labor pools and recruit more highly talented employees (Wells, 2001). In fact, as broadband Internet connections become more accessible and individuals become more comfortable with the idea of working remotely, more employers are beginning to offer telecommuting as a perk to recruit top executives (Armour, 2004; Maher, 2004). However, despite the many benefits of telecommuting for both the employee and the employer, there is evidence that not all individuals embrace this work alternative (Harpaz, 2002). Although the majority of Fortune 1000 firms offer telecommuting, more than half say that only between 1 and 5 percent of employees participate in these programs (Wells, 2001). Thus, this study examines individual perceptions of telecommuting and identifies some factors that might influence these perceptions. INTRODUCTION Increasingly, today’s employees seek a balance between work activities and their personal lives (Kimberly & Lowe, 2003). Additionally, employers continue to look for ways to recruit and retain top talent in their firms (HR Focus, 2004). Telecommuting may offer a reasonable solution for both workers and employers to realize these goals. The International Telework Association & Council (ITAC) defines telecommuters as employees who work from home at least one day per month (Smith, 2004). And, based on recent studies, telecommuting is an increasingly popular work alternative. For instance, a five-year Society for Human Resource Management (SHRM) benefits survey of 754 human resource (HR) professionals revealed that 37 percent of employers offered telecommuting in 2001 -- a 17 percent increase from 1997 (Wells, 2001). Additionally, the number of telecommuters in the U.S. rose from 23.5 million in 2003 to about 24.1 million in 2004 and, according to the Dieringer Research Group, the number of workers telecommuting on a full-time basis increased from 8.8 million in 2003 to 12.4 million in 2004 (Maher, 2004). Telecommuting offers a number of potential benefits to organizations and their employees. From the employee’s perspective, telecommuting offers a way to achieve a better balance between work and family life. And, according to a 2003 survey, about 85 percent of employees reported that achieving this balance was a top priority (Amour, 2004). Additionally, telecommuting reduces, or often eliminates, long commutes. With the use of computer and communication technologies, many employees complete their duties without ever leavVolume 9, 2006 25 Palmetto Review Beth Clenney, Thomas E. Gainey And, almost another third reported that they would telecommute 10 hours or less per week if given the opportunity. Only, about 30 percent expressed a desire to work from home more than 20 hours per week. And, only 9 percent noted that they would telecommute on a fulltime basis. Thus, about 70 percent of our respondents opted to telecommute 20 hours or less during a typical work week. SAMPLE AND RESULTS Respondent Profile The sample for this study included 242 management students. Intuitively, it may seem that using a student sample in this context is inappropriate. However, we believe that it is reasonable, and even preferable, for three fundamental reasons. First, a majority of the individuals surveyed are non-traditional students who have work experience. Specifically, of the 242 individuals surveyed, 68 percent indicated that they were currently working full-time or part-time, while 98 percent reported that they had either current or previous work experience. Of those currently working, results showed that, on average, they worked approximately 17 hours per week and had over two years of full-time work experience. Second, we wanted to survey a diverse sample of individuals who had worked in a variety of occupations and had differing levels of work experience. If we limited our sample to full-time workers from one company, it is possible that the influence of the organization’s culture would impact the results, thus limiting both the ability to find statistical differences and the external validity of the results. Additionally, without including some individuals in the sample with either no work experience or limited experience, we would not be able to test the impact that work experience plays on individual perceptions. Third, we felt it was important to examine how future employees view this work alternative. Previous studies have focused exclusively on individuals already into their careers, yet employers are increasingly offering telecommuting as a benefit to attract talented new employees. Thus, it is important to understand to what extent this work option will be embraced. As anticipated, survey results revealed not only a significant difference in work experience, but also a very diverse group of individuals in terms of demographics. For instance, the age of those surveyed ranged from 19 to 55 years. Fifty-seven percent of the sample was male and 43 percent were female. Sixty-nine percent of the respondents were white, 23 percent African-American, and 8 percent were other. TABLE 1 Hours Per Week Respondents Would Prefer to Work From Home Hours Percentage of Respondents 0 15 6.4% 1-5 7 3.0% 6-10 48 20.5% 11-15 23 9.8% 16-20 74 31.6% 21-25 13 5.6% 26-30 24 10.3% 31-35 9 3.8% 36-40 21 9.0% Given the popularity of telecommuting and the trend for individuals to seek more of a balance between work and home life, we next examined a number of factors that might impact the decision to telecommute. Specifically, we looked at the extent to which certain perceptual factors, demographic differences, and previous work experience were associated with one’s desire to work from home. Perceptual Indicators In our survey, we asked respondents about how working from home might impact one’s career and the ability of managers to do their jobs. As Table 2 shows, we asked about how distractions at home might impact one’s ability to be productive. To determine the extent to which individuals viewed telecommuting as potentially harmful, we asked respondents to respond to two similar Likert-type items. First, we asked if being physically located in the office was important to career advancement. Second, we asked if working from home impaired one’s ability to be promoted. There was a statistically significant difference in the number of hours respondents would work from home based on their perception of the importance of being physically located in the workplace. Respondents who agreed or strongly agreed that being physically present in the workplace was important to Desire to Telecommute In the survey, we asked individuals how many hours they would work from home in a typical 40-hour week, if given the opportunity. Results were unexpected. Despite the numerous benefits typically associated with telecommuting, Table 1 shows that not everyone has the same desire to work from home. Almost a third of the respondents indicated that they would telecommute only between 16 -20 hours in a typical 40-hour workweek. Volume 9, 2006 Number of Respondents 26 Palmetto Review Factors Impacting One’s Desire to Relecommute: An Investigation of Stuent Perspectives one’s career, desired to work from home, on average, just more than 15 hours per week. Alternatively, respondents who did not view being physically present in the workplace as important wanted to telecommute about 20 to 23 hours each week. It is likely that those who wanted to work from home less often may have felt that being “out of sight” may lead to being “out of mind” when it comes to promotions. By telecommuting more than half the week, our respondents may believe that they are alienated from the social and task networks that can strongly impact career advancement. believe that managers give up an element of control when they allow employees to telecommute. Therefore, they may question how managers can truly be certain that their employees are actually doing their work. While there are certainly ways to monitor productivity outside of the workplace, it is possible that those subscribing to a Theory X philosophy may have trouble adjusting to telecommuting as a legitimate work alternative. Finally, in examining perceptions, we asked about how distractions at home might impact one’s desire to telecommute. Our results showed that respondents who felt they had too many distractions at home to work effectively wanted to telecommute significantly less than those who did not believe that working out of the home would present a problem. For instance, those who agreed that there were too many distractions to work from home reported that they would only telecommute 12.6 hours per week. Alternatively, respondents who did not believe they would experience disruptions at home indicated they would telecommute over 25 hours per week. It is unclear why some employees felt that their home would be a distraction. However, we can speculate that having others living at home, neighbors and friends that are frequent visitors and even one’s personality would impact the perceptions of our respondent group. TABLE 2 Perceptual Indicators 1,2 Disagree or Strongly Disagree Neutral Agree or Strongly Agree Being physically located in the office is important to career advancement. 23.8 a 20.6 a 15.5 Working from home impairs one’s ability to be considered for promotions. 21.8 a 19.6 a 15.4 Employees need to be able to meet face-to-face, on a frequent basis, with their managers to do their jobs. properly. 24.3 18.6 a 15.3 a Managers can be more effective when they have their employees close by. 25.5 20.3 15.4 There are too many distractions at my home for me to try to work there. 25.2 19.4 12.6 Allowing employees to work from their home would likely result in lower productivity. 22.9 17.7 a 14.6 a IMPACT ON CAREER ABILITY TO MANAGE DISTRACTIONS AT HOME 1 Means represent the average number of hours that respondents would work from home (out of a 40-hour week) if given the opportunity. 2 In ANOVA comparisons, means with the same letter are not significantly different. Demographic Differences Table 3 reports differences in the hours our respondents would telecommute based on age, gender, marital status, race, and number of dependents. Clearly, the age of our respondents was an important factor. Older respondents expressed a desire for significantly more telecommuting hours each week than younger respondents. This was not unexpected. It is likely that individuals who are younger, and who may not have established the friendship networks of their older counterparts, may view the workplace as being crucial to developing social interactions. Thus, the isolation from working at home may not be particularly appealing. Further, younger workers, who may have limited experience in the workplace, may feel that being physically present in the office is crucial to career advancement. Marital status proved to be another significant indicator of one’s desire to work from home. Those respondents who were single reported they would telecommute only 18.4 hours per week if given the opportunity, compared to married respondents who desired, on average, to telecommute 25.1 hours. Again, this is not unexpected. Those individuals who are married likely view telecommuting as an alternative that allows them more time to spend with their spouse. Conversely, our single respondents may view the workplace as a plausible As shown in Table 2, respondents also desired less work from home when they believed that having employees and managers in close proximity to each other was essential to making sure jobs were completed correctly. In fact, there was almost a 10-hour difference between the respondents who believed telecommuting affected one’s ability to manage and those that did not see a problem. The specific managerial issues that were important to the respondents are not entirely clear. However, there are two likely sources. First, despite advances in communication technology, the information richness associated with face-to-face communication may be a source of concern. When individuals communicate in “less rich” ways, the nonverbal cues and instant feedback opportunities are not available. Thus, while it is likely dependent on the context, the inability to be in close proximity to employees may very well present some managerial challenges. Second, some individuals may Volume 9, 2006 27 Palmetto Review Beth Clenney, Thomas E. Gainey opportunity to meet their future spouse. Table 3 shows that respondents with dependents also viewed telecommuting more positively. Specifically, the results indicate that individuals with dependents would telecommute over 25 hours per week, while those with no dependents would only work from home about 18 hours per week. This significant difference is most likely attributable to greater demands on personal time for those with family obligations. Telecommuting allows those with dependents and opportunity to better balance work and family life. As indicated in Table 3, neither gender, nor race, was a significant indicator of one’s desire to telecommute. time in organizations over the years or that are in the workplace more each day may feel that time away from work will not impact their careers in a negative manner. In fact, those working less hours per week may feel that they need to be in the office more because they are essentially part-time workers already. These workers may feel that career mobility is hampered by their part-time status and that telecommuting may further hinder advancement. Second, for those who have worked longer, or are currently doing so, telecommuting provides an opportunity to pursue personal interests outside of the workplace. As time in the workplace continues to increase, these individuals may be more receptive to work alternatives that provide a measure of flexibility. TABLE 3 TABLE 4 Demographic Differences 1,2 Work Experience 1,2 Average Hours Average Hours AGE • • • 19-21 22-23 24-55 17.1 a 19.7 a,b 24.6 b FULL-TIME WORK EXPERIENCE GENDER • • Female Male 19.9 18.5 a Single Married White American Black American Other 18.4 25.1 Yes No • 1 – 20 Hours 17.6 • More Than 20 Hours 19.4 • 1 – 3 Days 16.9 • 4 – 7 Days 19.8 Means represent the average number of hours that respondents would work from home (out of a 40-hour week) if given the opportunity. 1 25.3 18.3 1 Means represent the average number of hours that respondents would work from home (out of a 40-hour week) if given the opportunity. 2 In t-tests and ANOVA comparisons, means with the same letter are not significantly different. In t-tests and ANOVA comparisons, means with the same letter are not significantly different. 2 MANAGERIAL IMPLICATIONS Despite the popularity and increased use of telecommuting, our study revealed that this alternative work schedule is not equally appealing to everyone. Specifically, individuals indicated that they would telecommute over a wide range of hours each week, if given the opportunity. Additionally, results show that these differences were associated with a number of perceptual, demographic, and work experience factors. Based on this study, there are a number of useful recommenda- Work Experience While none of the three work experience factors that we examined were statistically different, the means reported in Table 4 do show some modest differences. Specifically, those individuals who have more full-time work experience and those working more hours and days per week reported that they would telecommute more if given the opportunity. This is not surprising for two reasons. First, individuals who have spent either more Volume 9, 2006 21.8 DAYS WORKED PER WEEK 19.3 a 18.8 a 15.3 a DEPENDENTS • • 18.7 More Than 5 Years HOURS WORKED PER WEEK RACE • • • 1 – 5 Years • a MARITAL STATUS • • • 28 Palmetto Review Factors Impacting One’s Desire to Relecommute: An Investigation of Stuent Perspectives tions that can be offered. Five specific recommendations conclude this paper: well be that part-time workers look to the workplace as an important outlet for social interactions. Additionally, workers who work less hours, have more time to attend to the personal demands on their time. 1. Begin Slowly About 70 percent of our respondents indicated they would prefer to telecommute 20 hours or less each week. Thus, give employees time to adjust to this work option and some flexibility in how they use the program. Attempts to go “cold turkey” with telecommuting might well be met with resistance. For instance, it might be useful to gradually increase telecommuting hours until employees reach an optimum level of comfort and production. REFERENCES 1. Armour, S. (2004). More bosses getting into the telecommuting biz. USA Today Today, November 3, 2B. 2. Harpaz, I. (2002). Advantages and disadvantages of telecommuting for the individual,organization, and society. Work Study London, 52:2/3, 74-80. 2. Provide Extensive Feedback Our results show that those individuals who feel that telecommuting will negatively impact future promotional opportunities are less likely to take advantage of this work alternative. It is critical for management to provide extensive feedback on work performance and take steps to keep telecommuters “in the loop.” Employees who feel isolated from the organization may be less receptive to telecommuting. 3. HR Focus. (2004). Telework: The star of flexible work options. HR Focus, 81:10, S2-S3. 4. Kimberly, F., & Lowe, J. (2003). An examination of alternative work arrangements in private accounting practice. Accounting Horizons, 17:2, 139. 5. Manochehri, G., & Pinkerton, T. (2003). Managing telecommuters: Opportunities and challenges. American Business Review, 21:1, 9-17. 3. Training is Essential Individuals in our survey who perceived that telecommuting inhibited a manager’s ability to do his or her job or who felt that there were too many distractions at home to work were less likely to express a desire to work from home. Thus, training is crucial to both employees and managers. Employees can be instructed on how to create a work environment at home that is free of distractions. And, managers can be trained on how to monitor and lead employees when they are no longer physically present. 6. Mayer, K. (2004) Corner office shift: Telecommuting rises in executive ranks. Wall Street Journal, September, 21, B1. 7. McLarty, S. (2004). Why doesn’t everyone telecommute? Communications of the ACM ACM, 47:11, 12-13. 8. Smith, R.L. (2004). Work at home grows in past year by 7.5% in U.S. Use of Broadband for work at home grows by 84%. Retrieved April, 2005, from the World Wide Web http://www.telecommute.org/news/ ttp://www.telecommute.org/news/ pr090204.htm. pr090204.htm 4. Consider Your Employees Demographic differences in the workforce may well determine the success of a telecommuting program. Our results show that older, married workers with dependents are more likely to telecommute on a regular basis. Thus, if an organization is comprised of a younger, single workforce, the social interaction afforded by the workplace may be an important aspect of the work experience. Telecommuting programs may not be as attractive among this group of workers. 9. Tal-Salano, M., & Kleiner, B. (2001). Effects of telecommuting on organizational behavior. Management Research News, 24, 123-126. 10. Wells, S. (2001). Making telecommuting work. HR Magazine, 46:10, 34-45. 5. Examine Your Work Schedules If your employees primarily work part-time, telecommuting may not be the answer. In fact, our results indicate that interest in telecommuting was lower as hours and days worked per week decreased. It may Volume 9, 2006 29 Palmetto Review Beth Clenney, Thomas E. Gainey ABOUT THE AUTHORS Beth Clenney is a lecturer at the University of West Georgia. She received her MBA from Georgia State University and her B.B.A. from the University of West Georgia. Prior to joining the University of West Georgia as a lecturer, Mrs. Clenney was employed as a human resources generalist with a manufacturing firm. She was also a graduate research assistant while attending Georgia State University. Mrs. Clenney is a member of Phi Kappa Phi National Honor Society and Beta Gamma Sigma National Business Honor Society. Volume 9, 2006 Thomas W. Gainey is Chairman of the Department of Management and Business Systems in the Richards College of Business at the University of West Georgia. He received a Ph.D. in management from the University of South Carolina and an MBA from Wake Forest University. His research interests include the effects of HR outsourcing, employee discipline, and alternative work systems. His research has appeared in such journals as Personnel Psychology, Entrepreneurship Theory and Practice, and Journal of Management. 30 Palmetto Review A BRIEF REVIEW OF THE SARBANES-OXLEY ACT OF 2002 Gloria Clark Winston-Salem State University Wendy Meyers Nova Southeastern University ABSTRACT Prior to 2002, the accounting profession was self-regulated. The American Institute of Certified Public Accounting (AICPA) controlled and promulgated auditing standards and rules. Additionally, generally accepted accounting principles (GAAP) were primarily the responsibility of the Financial Accounting Standards Board (FASB). While the Securities and Exchange Commission (SEC) had legal responsibility to set accounting and auditing standards, especially in regard to publicly listed corporations, it allowed the profession through the AICPA and FASB to self-regulate. Between 2000 and 2002, a number of events occurred leading to the passage of the Sarbanes-Oxley Act of 2002. The biggest and most public of those events was the 2002 Enron scandal. Other corporations identified with questionable accounting practices during this time period included Global Crossing, Adelphia Communications, WorldCom and Tyco. Furthermore, the accounting firm of Arthur Andersen dissolved as a direct result of the negative fallout from these corporate scandals. On July 30, 2002, President Bush signed one of the most important acts of his presidency, the Sarbanes-Oxley Act. This paper reviews the Sarbanes-Oxley Act of 2002 and its primary objectives. IMPACT ON THE ACCOUNTING PROFESSION INTRODUCTION The Sarbanes-Oxley Act of 2002 resulted from public outcry. Investors, companies and vendors suffered tremendous financial loss from entrusting their funds to companies, who “cooked the books.” Investment decisions had been made based upon deceptive and fraudulent financial statements. From this scandal, Sarbanes-Oxley emerged. A description of selected corporate scandals in North America and Europe that occurred immediately before the enactment of Sarbanes-Oxley is presented in Table A1 (page 34). (Sylwia Gornik-Tomaszwewki & McCarthy -Spring 2005). The Sarbanes-Oxley Act mandated the following: (1) the creation of the Public Company Accounting Oversight Board (PCAOB) (2) auditor independence (3) corporate governance and responsibility (4) disclosure requrements (5) penalities for fraud and other violations. These reforms are summarized in Table A2 (page 35) (Hall & Singleton 2005). Volume 9, 2006 The accounting profession and industry have been impacted in a number of significant ways from Sarbanes-Oxley. Some of the implications include progressively more positive public impressions of accountants, changes in reporting lines, changes in the roles for auditors and audit committees, and accounting firm size. Reputation of the Accounting Profession The accounting profession has suffered unfairly in recent years due to the well publicized accounting scandals. Those in the profession must work with Sarbanes-Oxley to regain the public trust. According to Couston, Leincke, Rexfdord and Ostrosky (2004), the United States has an outstanding auditing and accounting profession, however, the message in not yet out. The creation of a government public company accounting oversight board to monitor and enforce the accounting profession compliance with Sarbanes-Oxley has begun to restore public confidence and trust in the profession. 31 Palmetto Review Gloria Clark, Wendy Meyers Changes in Reporting Lines Sarbanes-Oxley changed the reporting lines (audit committees), roles of the internal and external auditors (auditor independence) and attestation rules, which include internal controls over financial reporting. Sarbanes-Oxley created additional accounting responsibilities and more business for accounting firms, resulting in increased costs. According to Copeland (2005), an auditor from Deloitte and Touche, to ensure compliance, all participants in the financial reporting “value chain” must share the responsibility of restoring an appropriate level of trust and confidence in our capital market system. The links in that system’s value chain begin with company management. Therefore, the buck may not stop with management, but certainly starts with management and continues along the capital markets value chain (Copeland 2005). Accounting Firm Size Accounting firms of all sizes have been impacted by Sarbanes-Oxley. As a result of the increase in business and/or repositioning of firms to handle the influx of clients, firms have become more discriminating. Additionally, there have been increases in registration fees and the cost of professional liability insurance. Actually, Sarbanes-Oxley is often called the “CPA Employment Act of 2002” (Green 2005) since it has created a tremendous demand for accounting expertise. “That has resulted in opportunities for small firms that can help companies implement the accounting ongoing requirements, take on engagements the company auditor may no longer perform or pick up assignments that larger firms forgo because they are too involved in Sarbanes-Oxley- related engagements” (Dennis 2005). Effective 2006, all publicly traded companies are required to submit an annual report of the effectiveness of internal accounting controls. Therefore, due to the high demand of work by companies implementing the Sarbanes-Oxley deadline, many firms have repositioned themselves for the overload. For example, some companies (Dennis, 2005): (1) have gotten out of the business of auditing SEC companies (2) have chosen to shed audits because of their added complexity (3) have shed benefit plan audits as well as audits to midsize privately held companies – so they can work on Sarbanes-Oxley related engagement. (4)have received additional assignments through contacts with existing clients, bankers, lawyers, insurance companies and benefit plan administrators. Therefore, Sarbanes-Oxley created work for everyone in the major market and created practice opportunities as well. Sarbanes-Oxley mandates that public firm’s cannot work on audit engagements and perform non-audit services for the same client. Therefore, firms will have to choose which engagements they will perform, thus allowing other firms the opportunities. Consequently, the work is moving downstream at an incredible rate, which is good for the smaller firms. Currently, the larger firms are networking with each other to create alliances to receive or alleviate work or complete full service work to a client, so everyone profits. Roles for Auditors and Audit Committees The role of auditors and audit committees changed as a result of Sarbanes-Oxley in the following ways: 1. Auditors report to audit committee: Now auditors will report to and be overseen by a company’s audit committee. 2. Audit committees must approve all services: Audit committees must pre-approve all services, both audit/non-audit services not specifically prohibited, provided by its auditor. 3. Auditors must report new information to audit committee: This information includes: critical accounting policies and practices to be used, alternative treatments of financial information within GAAP that have been discussed with management, accounting disagreements between the auditor and management, and other relevant communications between auditor and management. 4. Offering specified non-audit services prohibited: The new law statutorily prohibits auditors from offering certain non-audit services to audit clients. These services are shown in Table A2. 5. Audit partner rotation: The lead audit partner and audit review partner must be rotated every five years on public company engagements. 6. Employment implications: An accounting firm cannot provide audit services to a public company if one of that company’s top officials such as the chief executive officer, Volume 9, 2006 controller or chief accounting officer, was employed by the firm and worked on the company’s audit during the previous year. CONCLUSION Sarbanes-Oxley provides a framework for both accountants and the accounting profession to regain 32 Palmetto Review ABrief Review of The Sarbanes-Oxley Act of 2002 public trust. Its principal reforms pertain to: (1) creation of an accounting oversight board; (2) auditor’s independence; (3) corporate governance and responsibility; (4) disclosure requirements and (5) penalties for fraud and other violations. These reforms have impacted the profession and its reputation positively. Reporting lines, roles of auditors, audit committees, and accounting firm size have been clarified. Although accounting firms and its professionals are adhering and implementing these reforms and the future is looking brighter, Sarbanes-Oxley and other laws will be needed to prevent and deter further unethical and perhaps illegal activity. 7. Hall, J. and Singleton, T. (2005). Information Technology Auditing and Assurance Introduction to Business Ethics and Fraud. 2nd edition, p. 511-513. 8. Sylwia Gornik-Tomaszwewki, Irene McCarthy (Spring 2005). Response to Corporate Fraud in the United States and Europe: Towards a Consistent Approach in Regulation. Vol 26, 2, p. 15-23 Retrieved November 19, 2005 from http://0-proquest.umi.comnovacat.nova.edu/pqweb?did=851740321&FMT=4&clie ntId=17038&RQT=309&VName=PQD. ntId=17038&RQT=309&VName=PQD REFERENCES 1. Copeland, Jim (New York: Apr 1, 2003). Post-Enron Challenges for the Auditing Profession: Accountability. Vol 69, 12, p. 360-364. Retrieved November 19, 2005 from http://0-proquest.umi.comnovacat.nova. edu/pqweb?did=851740321&FMT=4&clientId=17038 &RQT=309&VName=PQD. &RQT=309&VName=PQD 2. Coustan, H., Leinicke, L., Rexroad, M., & Ostrosky, J (New York: Feb 2004). Sarbanes Oxley: What it Means to the Marketplace. Vol 197, 2, p. 43-47) Retrieved November 19, 2005 from http://0-proquest. umi.comnovacat.nova.edu/pqweb?did=851740321&F MT=4&clientId=17038&RQT=309&VName=PQD. MT=4&clientId=17038&RQT=309&VName=PQD 3. Dennis, Anita (Sept 2005). Practice Management/ Small Firms. Vol 200, 3, pg. 61-66. Retrieved November 19, 2005 from http://0-proquest.umi.comnovacat. nova.edu/pqweb?did=851740321&FMT=4&clientId= 17038&RQT=309&VName=PQD. 17038&RQT=309&VName=PQD 4. Dennis, Anita (June 2004). Small Firms: Think Big! Journal of Accountancy. Retrieved November 19, 2005 from https:www.aicpa.org/pubs/jofa/jun2004/ dennis.htm. 5. Dennis, Anita (June 2004). Second CPA firm update: The Sarbanes Oxley cloud has a Silver Lining – unzip it. Retrieved November 19, 2005 from https: www.findarticles.com/p/articles/mi_m6280/is_3_200/ ai_n15400283/print. ai_n15400283/print 6. Green, John W. (Nov 2005). On The Record. Retrieved November 19, 2005 from http://0-proquest.umi. comnovacat.nova.edu/pqweb?did=851740321&FMT= 4&clientId=17038&RQT=309&VName=PQD. 4&clientId=17038&RQT=309&VName=PQD Volume 9, 2006 33 Palmetto Review Gloria Clark, Wendy Meyers TABLE A1 RECENT MAJOR CORPORATE SCANDALS IN NORTH AMERICA AND EUROPE Country of Incorporation USA USA Auditor of Company Enron WorldCom Global Crossing, Ltd. ITALY Parmalat Finanziara, SpA Volume 9, 2006 Consolidated Accounts BERMUDA NETHERLANDS Industry Royal Ahold N.V. Questionable Accounting Practices Arthur Anderson Widespread use of off-balance sheet financing in the reporting of partnership transactions. Enron was forced to restate its profits from 1997 through 2000 – lowering its book value by $1.25 billion. Arthur Anderson Reduction of operating expenses by: (1) improperly releasing certain reserves held Services against operating expenses, and (2) re-characterizing certain expenses as capital assets. Material overstatement of the reported income by approximately $9 billion. Telecommunications Services Arthur Anderson Inflation of pro forma values for cash revenue and adjusted Earnings Before Interest, Taxes, Depreciation and Amortization by including amounts for which cash was not received or where there had been non-monetary exchanged of capital capacity. Dairy Deloitte & Touche (Grant Thornton-individual accounts) $3.95 billion in cash and securities supposedly contained in a Cayman-based bank account did not exist. Deloitte & Touche Fraudulent inflation of promotional allowances at U.S. Foodservice, Ahold’s wholly service-owned subsidiary, the improper consolidation of joint ventures through fraudulent side letters; and other accounting errors and irregularities which amounted to $880 million. Energy & Utilities Telecommunications Services Retail Trade/Food Service 34 Palmetto Review ABrief Review of The Sarbanes-Oxley Act of 2002 TABLE A2 A SUMMARY OF SARBANES-OXLEY REFORMS Accounting Oversight Board: The Public Company Accounting Oversight Board (PCAOB) is empowered to set auditing standards, quality control, and ethics standards, to inspect registered accounting firms, to conduct investigations, and to take disciplinary actions. Corporate Governance & Responsibility: Committee members are independent; the committee is required to hire and oversee external auditors. • Public companies are prohibited from making loans to executive officers and directors; and • Attorneys are required to report evidence of a material violation of securities laws or breaches of fiduciary duty to the CEO, CFO, or PCAOB. Auditor Independence: More separation between a firm’s attestation and non-auditing activities is created. This is intended to specify categories of services that a public firm cannot perform for its clients, the 9 functions are: • Bookkeeping or other services related to the accounting of records or financial statements • Financial information systems design and implementation. • Appraisals or valuation services, fairness opinions, or contribution-in-kind reports. • Actuarial services. • Internal audit outsourcing services. • Management function or human resource. • Broker or dealer, investment adviser, or investment banking services. • Legal services and expert services unrelated to the audit. • Any other service the PCOAB determines as impermissible. Issuer & Management Disclosures: New corporate disclosure requirements are: • • • Public companies must report all off-balancesheet transactions. Annual reports filed with the SEC must now include a statement by management asserting that it is responsible for creating and maintaining adequate internal controls and asserting to the effectiveness of those controls and asserting to the effectiveness of those controls. Officers must certify that the company’s accounts “fairly present” the firm’s financial condition and results of operations. Knowingly filing a false certification is a criminal offense. Fraud and Criminal Penalties: The Sarbanes Oxley Act imposes a range of new criminal penalties for fraud and other wrongful acts. It also creates new federal crimes relating to the destruction of documents or audit work papers, securities fraud, tampering with documents to be used in an official proceedings, and actions against whistleblowers. Volume 9, 2006 35 Palmetto Review Gloria Clark, Wendy Meyers ABOUT THE AUTHORS Gloria M. Clark is an Associate Professor of Accounting at Winston-Salem State University. She holds an Ed.D. in Administration and Supervision with a concentration in Leadership from Atlanta University. She is a licensed Certified Public Accountant in the State of North Carolina. In 2004, Dr. Clark received the Cedric Rodney Service Award. She received the 2003 NC Board of Governors Excellence in Teaching Award. She is also the recipient of the 2001 Wachovia Excellence in Teaching Award, and 1997 Teaching and Excellence Award from the 8th International Conference on College Teaching and Learning. Her research interest areas are instructional technology, entrepreneurship and not-forprofit organizations and more recently Sarbanes-Oxley Act of 2002. Volume 9, 2006 Wendy Myers is a graduate student at Nova Southeastern University in accounting. 36 Palmetto Review MILLIKEN MEDAL OF QUALITY RECIPIENTS 1997 2004 Chairman and CEO Milliken and Company Professor Clemson University John G. Surak, Ph.D. Roger Milliken 1998 2005 President and CEO Asten, Incorporated Senior Vice President and Executive General Manager Department of Energy Wakenhut Services Incorporated Lawrence Brede, Jr., D.P.A William A. Finn 1999 Dan Hargett Vice President Microeletronics for Lockwood Greene 2000 Greg Frampton Executive Administrator South Carolina Department of Revenue 2000 Dr. Mary Thornley President Trident Technical College 2001 Thomas J. Malone, Ph.D. President and CEO Milliken and Company 2002 Robert L. Colones Executive Vice President McLeod Regional Medical Center 2003 Frank W. Fusco South Carolina Budget and Control Board Volume 9, 2006 37 Palmetto Review SOUTH CAROLINA GOVERNOR’S QUALITY AWARD WINNERS 1995 2001 1997 2002 WIX Filtration Products Division, Dillion Plant MEMC Electronic Materials, Inc. Bridgestone/Firestone South Carolina, Aiken Plant Chem-Nuclear Systems, LLC 1998 2003 Saint Eugene Medical Center Robert Bosch Corporation Standard Corporation 1999 AlliedSignal Greer Repair and Overhaul 2004 2000 Wakenhut Services, Inc.-Savannah River Site McLeod Regional Medical Center of the Pee Dee, Inc. *Awards not made in 1996 and 2005. ACHIEVERS 1995 2000 Gold Achiever Preferred Billing and Management Services Dana Corporation, Spicer Driveshaft Division of Lugoff 1996 Silver Achievers Chem-Nuclear Systems, Inc. Dana Spicer Systems Assembly Division The Ohio Casualty Insurance Group Preferred Billing and Management Services South Carolina Department of Revenue Spartanburg Regional Healthcare System Dana Corporation, Spicer Driveshaft Division of Columbia Standard Corporation Integrated Logistics of Columbia and Greenville Bronze Achiever Dana Corporation, WIX Filtration Products of Dillon 1997 2001 Beattie Plant (Subsidiary of Delta Woodside Industries, Inc.) Saint Eugene Community Hospital Southern Division-Naval Facilities Engineering Command South Carolina Department of Education Explorer Process South Carolina Mentor Silver Achiever 1998 South Carolina Vocational Rehabilitation Department Gold Achiever 2002 Dana Corporation, Spicer Heavy Systems Assembly Division Wackenhut Services, Inc. Bronze Achiever McLeod Home Health Silver Achiever Pirelli Cables and Systems North America 2003 Bronze Achiever Eaton Cutler-Hammer Gold Achiever Operations Associates Springs Industries Warehousing and Distribution Division Stevecoknit Fabrics Company, Rainsford Plant Bronze Achiever South Carolina Mentor 1999 2004 McDevitt Street Bovis Wackenhut Services, Inc., Savannah River Site South Carolina Vocational Rehabilitation Department Silver Achiever GlayoSmithKline Gold Achiever Gold Achiever Bronze Achiever Operations Associates Explorer Process The Roche Carolina Inc. of Florence, SC Bronze Achiever MUSC Medical Center 2005 Silver Achiever South Carolina Department of Mental Health Volume 9, 2006 38 Palmetto Review FACULTY The School of Business Administration & Economics Accredited by AACSB International The Association to Advance Collegiate Schools of Business Internationally Jerome V. Bennett Professor, Accounting Dr. Bennett received his Ph.D. from the University of South Carolina. He served as dean of the School of Business and Economics from 1986 until 1998 and also as executive director of the John M. Rampey, Jr. Center for Quality and Management Education. Bennett received a Bachelor of Textile Engineering Degree from Georgia Techical College and an MBA from University of North Carolina-Chapel Hill. He is a certified management accountant and was a registered professional engineer in Pennsylvania. He teaches cost accounting and accounting information systems. His corporate career included controller positions with Uniroyal and Riegel Paper Corporation, Industrial Engineer with DuPont, and director of Technology Utilization of the South Carolina Budget and Control Board. He is the author of Budgeting and Forecasting Manual. Stephen E. Berry Associate Professor, Management Dr. Berry teaches organizational management, operations management and statistics. He received his MBA and Ph.D. degrees in Operations Research from the University of Georgia. His research interests are quality awards and quality management practices. He has published in a number of scholarly journals including Production and Inventory Management, Academy of Management Journal, Palmetto Review, and Southern Business Review. Steven D. Caldwell Assistant Professor, Management Dr. Caldwell received his Ph.D. in Management from the Georgia Institute of Technology. He has taught at USC Upstate since August 2004 in organizational behavior, human resources and statistics. He has presented his research at both national and international conferences sponsored by organizations such as the Academy of Management, the Southern Academy of Management, the Society of Industrial and Organizational Psychologists, and the International Journal of Business and Economics, as well as published in Journal of Applied Psychology, Personnel Psychology, Encyclopedia of Industrial/ Organizational Psychologists, and Decision Sciences. Prior to his academic career, he was Founding President of Data Ventures, LLC and served in executive positions in various other businesses within the consumer products industry. Richard Gregory Assistant Professor, Finance Dr. Gregory joined the faculty in fall of 2002. He received his Ph.D. from Old Dominion University in 1996, and the M.A. in Economics from Indiana University in 1990. From 2000-2002, he was Visiting Professor of Finance at Old Dominion University. Before returning to teaching, Dr. Gregory worked for the Virginia Economic Development Partnership, a private/public funded organization that led economic development activity for the government of the Commonwealth of Virginia. His interests include international finance, investments and risk exposure. He is member of Beta Gamma Sigma and Omicron Delta Epsilon. Dr. Gregory also consults with firms on employee retirement plans and on economic damages. Lilly M. Lancaster William S. Moore Palmetto Professor in Quality Studies Dr. Lancaster received her Ph.D. in Management Science from the University of Massachusetts. She has taught at USC Upstate since 1987 in operations management and statistics. She has published in a number of scholarly journals including European Journal of Operational Research, Interfaces, Socio-Economic Planning Sciences and Production and Inventory Management. She is a member of the American Society for Quality and has served as the academic advisor for the Industrial Crescent Chapter of the APICS - The Educational Society for Resource Management. She served as an examiner for the South Carolina Governor’s Quality Award from 1997-2000. Volume 9, 2006 39 Palmetto Review James W. Reese Associate Professor, Economics Dr. Reese received his Ph.D. from the University of Tennessee. He teaches in the areas of economics and statistics and has recently begun teaching management information systems courses. Dr. Reese’s research interests are in computers and technology. Sarah P. Rook Professor, Economics Dr. Rook received her M.E. and Ph.D. degrees in economics from North Carolina State University. She teaches macroeconomics, microeconomics, and statistics. Her research interest is environmental economics. Frank Rudisill Associate Professor, Management Dr. Rudisill received his Ph.D. in management science from Clemson University. He joined the USC Upstate faculty in fall 2002. He teaches in the areas of management, operations management and statistics. He has 20 years experience in industry as a statistician, operations research manager and statistical quality control consultant. His research interests focus upon applying quality tools and techniques in solving industrial problems. He has published in Production and Inventory Management and Quality Engineering. He is the co-author of a book, Quality Management and Measurement Systems. Dr. Rudisill is a member of the American Society of Quality and holds APICS certification. Stuart Shough Senior Instructor, Accounting Mr. Shough received his Masters of Accountancy degree from the University of South Carolina. He teaches a variety of accounting courses. Brian Smith Instructor Mr. Smith received his Master of Management Information Systems degree from Georgia College and State University. A formal IT Manager and Certified Novell Engineer, he teaches Management Information Systems. Richard W. Stolz Professor, Economics Dr. Stolz received his Ph.D. in Economics from Michigan State University. He teaches a variety of economics, finance and statistics courses. Faruk I. Tanyel Professor, Marketing Dr. Tanyel received his MBA from Syracuse University and his D.B.A. in Marketing from the University of Tennessee. He teaches marketing, economics and business policy. He has served as the assistant dean and chair of the School of Business Administration and Economics. Professor Tanyel’s research and consulting interests include management development, export, import, and marketing. He has completed a faculty internship position with Remington Company, and was the director of management training for the National Education Foundation. Sonja Wilson Assistant Professor, Law Mrs. Wilson joined the faculty in fall 2000. She teaches business law and tax. She received the J.D. from the University of South Carolina, the M.Tx from Georgia State University and a M.Ed. from the University of South Carolina. A graduate of the University of South Carolina Upstate, she received the B.S. in Mathematics in 1990. She is a former high school math teacher for Dorman and Byrnes High Schools. As a high school teacher, she wrote and received grants for underprivileged math students and the multicultural camp at Furman University. She has also taught mathematics for area businesses such as BMW and Dare Food Products. Her personal interests include the implementation and operation of nonprofit corporations. Volume 9, 2006 40 Palmetto Review William R. Word Professor, Economics Dr. Word received his Ph.D. from the University of Tennessee. He has published in a number of scholarly journals including the Monthly Labor Review, Public Personnel Management, and the Southern Business Review. During 1993-95, 199698, and 2001-03, he served as a member of the Business Accreditation Committee for AACSB International. He was the principal consultant for AACSB accreditation to the University of Laval in Quebec City, ESSEC in Paris, the Rotterdam School of Management, Queen’s University (Canada), the University of Mannheim (Germany) and the University of St. Gallen (Switzerland). The University of Laval received AACSB accreditation in 1995; ESSEC was accredited in 1997; the Rotterdam School of Management and Queen’s University received accreditation in 1998; the University of Mannheim was accredited in 2000; and the University of St. Gallen was accredited in 2003; ESSEC was the first school in Europe to be accredited by AACSB. Donald Yates Senior Instructor, Information Management Mr. Yates received his MBA from Harvard Business School and spent 25 years in textiles and related industries. After early retirement, he joined USC Upstate as an instructor in business information systems. He also teaches marketing and business policy. He also serves as the financial manager for the owner of the Carolina Panthers. His research interests are quality issues and diversity. Publication of Palmetto Review is made possible through the generous support of the William S. Moore Palmetto Professorship in Quality Studies. Volume 9, 2006 41 Palmetto Review GUIDELINES FOR AUTHORS Submit three (3) copies with the text in MSWORD. When accepted for publication, you will be asked to submit a disk copy. On the diskette, write the paper title and author(s). Diskettes will not be returned. Follow format guidelines given below: BASE FONT: Times New Roman 11 pt. MARGINS: Indent paragraphs with a tab of five (5) spaces. Set the margins: left margin, right margin, top margin: 1 inch, bottom margin: 1.25 inches. SPACING: Single-space the body of the paper. Double-space before and after first- and second-level headings. Triple-space between the title and before and after the author’s name. PAGE NUMBERS: Do not type in page numbers; pencil in numbers on pages. TITLE: Bold-faced and centered at the top of the first page. AUTHORS and AFFILIATIONS: Centered, bold-faced, and single-spaced beginning on the third line below the title. Do not use titles such as Dr., Assistant Professor, etc. ABSTRACT: Begin the paper with an abstract of approximately 100 words. Type the word, ABSTRACT, in all capital letters, bold-faced and centered on the third line following the author(s) and affiliation(s). The text of the abstract is in italics. HEADINGS: Show first-level headings centered, bold-faced, and in all capital letters. Show secondlevel headings flush with the left margin, bold-faced, upper and lower case letters. BODY: Show single-spaced and following the abstract. Body is both left and right-justified. FOOTNOTES: Do not use footnotes. Give references within the text with the last name and year of publication. REFERENCES: List references at the end of the paper in alphabetical order. Center the word, REFERENCE, at the beginning of the listing. See journal articles for examples. ABOUT THE AUTHOR: Immediately following the references, include a short paragraph about the author(s). TABLES: If tables are used, they may be placed within the text. In addition, submit tables in a separate file. Volume 9, 2006 42 Palmetto Review