title: Assessing Survivor Syndrome During Economic Recession In New Zealand

authors: Singh, Sirjana

subjects: survivor syndrome

abstract: The present study aimed to gain an understanding of and assess survivor syndrome during the time of economic crises among public service employees in New Zealand. This study also explored the relationship between fulfilment of psychological contract and trust and faith in management and the relationship these phenomenon have with survivor syndrome. An online questionnaire was completed by 231 members of the Public Service Association (PSA) of New Zealand. The participants were divided in two groups, those who knew someone who had been made redundant in the previous 12 months (affected by organisational restructuring) and those who did not know anyone in the organisation who had been made redundant (employees not affected by organisational restructuring). Findings suggest that, as in previous studies done in New Zealand, employees do not suffer strongly from survivor syndrome. However there were significant differences in the scores of those affected and those not affected by organisational restructuring in survivor syndrome, morale, job security, job satisfaction, fulfilment of psychological contract and trust and faith in management for both groups. Fulfilment of psychological contract and trust and faith in management shared a positive relationship with survivor syndrome. Research by Wisener, Vermeulen and Littler (1999) and Littler, Wisener and Dunford (2003) has had an influence on the present study by offering a definition of survivor syndrome and the model of assessing it. However in this study survivor syndrome is assessed on an individual level (employees) where it is experienced. Managers in organisations could benefit from extending their awareness of survivor syndrome and managing the most important resource post restructuring – the surviving employees.

text: Assessing Survivor Syndrome During Economic Recession In New Zealand The present study aimed to gain an understanding of and assess survivor syndrome during the time of economic crises among public service employees in New Zealand. This study also explored the relationship between fulfilment of psychological contract and trust and faith in management and the relationship these phenomenon have with survivor syndrome. An online questionnaire was completed by 231 members of the Public Service Association (PSA) of New Zealand. The participants were divided in two groups, those who knew someone who had been made redundant in the previous 12 months (affected by organisational restructuring) and those who did not know anyone in the organisation who had been made redundant (employees not affected by organisational restructuring). Findings suggest that, as in previous studies done in New Zealand, employees do not suffer strongly from survivor syndrome. However there were significant differences in the scores of those affected and those not affected by organisational restructuring in survivor syndrome, morale, job security, job satisfaction, fulfilment of psychological contract and trust and faith in management for both groups. Fulfilment of psychological contract and trust and faith in management shared a positive relationship with survivor syndrome. Research by Wisener, Vermeulen and Littler (1999) and Littler, Wisener and Dunford (2003) has had an influence on the present study by offering a definition of survivor syndrome and the model of assessing it. However in this study survivor syndrome is assessed on an individual level (employees) where it is experienced. Managers in organisations could benefit from extending their awareness of survivor syndrome and managing the most important resource post restructuring – the surviving employees.

year: 2010

title: Does bursa Malaysia overreact?

authors: Ali, Norli

subjects: market efficiency

abstract: Findings for the whole period from January 1987 to December 2006 reveal that loser has insignificantly becomes loser and winner has significantly reversed in the subsequent period. Arbitrage portfolio does not provide any significant abnormal return thus, not consistent with the overreaction hypothesis. This is due to the reason that Malaysian investors are overoptimistic. After controlling for size, both small and large stocks have significantly support the overreaction hypothesis even after adjustment for difference in risk. No evidence of January effect is reported during the period; however, there is evidence of Chinese New Year effect documented in the findings. The study also shows that Malaysian Stock Market overreacts prior to 1997 Asian Financial crisis. During the post crisis, the results are not consistent with overreaction hypothesis. One possible reason to this behaviour is that investors are more aware of the phenomenon and have altered their trading strategy. As a result, overreaction behaviour diminishes and stock market gradually becomes efficient in the post crisis. These findings suggest that stock overreaction behaviour in Malaysian stock market only benefited the short-term investors. However, when the strategy is based on a longer formation period such as 5-year formation period, long-term investors are able to earn significant positive abnormal returns.

text: Does bursa Malaysia overreact? Findings for the whole period from January 1987 to December 2006 reveal that loser has insignificantly becomes loser and winner has significantly reversed in the subsequent period. Arbitrage portfolio does not provide any significant abnormal return thus, not consistent with the overreaction hypothesis. This is due to the reason that Malaysian investors are overoptimistic. After controlling for size, both small and large stocks have significantly support the overreaction hypothesis even after adjustment for difference in risk. No evidence of January effect is reported during the period; however, there is evidence of Chinese New Year effect documented in the findings. The study also shows that Malaysian Stock Market overreacts prior to 1997 Asian Financial crisis. During the post crisis, the results are not consistent with overreaction hypothesis. One possible reason to this behaviour is that investors are more aware of the phenomenon and have altered their trading strategy. As a result, overreaction behaviour diminishes and stock market gradually becomes efficient in the post crisis. These findings suggest that stock overreaction behaviour in Malaysian stock market only benefited the short-term investors. However, when the strategy is based on a longer formation period such as 5-year formation period, long-term investors are able to earn significant positive abnormal returns.

year: 2009

title: Te Tiriti o Waitangi

authors: Maxwell, Te Kahautu

abstract: Whakawātea. Lyrics composed by Te Kahautu Maxwell. Performed by Ōpōtiki Mai Tawhiti (Kapa Haka group)

Waiata ā Tira: Aroha
Whakaeke: Pinepine Te Kura
Mōteatea: Tērā te haeata
Waiata ā Ringa: Tiaho Mai
Poi: E ia, e ia
Haka: Ranginui
Whakawātea: Te Tiriti o Waitangi

text: Te Tiriti o Waitangi Whakawātea. Lyrics composed by Te Kahautu Maxwell. Performed by Ōpōtiki Mai Tawhiti (Kapa Haka group)

Waiata ā Tira: Aroha
Whakaeke: Pinepine Te Kura
Mōteatea: Tērā te haeata
Waiata ā Ringa: Tiaho Mai
Poi: E ia, e ia
Haka: Ranginui
Whakawātea: Te Tiriti o Waitangi

year: 2024-02-23