Christopher Fawson

AN EXAMINATION OF THE RELATIONSHIPS BETWEEN JIT AND FINANCIAL PERFORMANCE

Abstract Despite abundant information explaining the expected benefits from successful just-in-time (JIT) implementation, only tenuous validation of the linkage between financial performance and JIT exists. Managers act rationally in implementing JIT if they are convinced that JIT enhances firm performance. From both a cross-sectional and longitudinal perspective, this survey study of 253 US manufacturing firms finds significant statistical relationships between measures of profitability and the degree of specific JIT practices used. The evidence provides empirical support to the premise that firms that implement and maintain JIT manufacturing systems will reap sustainable rewards as measured by improved financial performance.

The weak-form efficiency of the Taiwan share market

This paper evaluates monthly stock index price from the Taiwan stock market for evidence of weak form market efficiency. Four empirical methodologies are employed: the Ljung-Box Q test, the binomial distribution test, the runs test and the unit root test of stationarity in stock prices. Empirical evidence suggests that the monthly stock price for the Taiwan stock market exhibits weak-form efficiency.

Recreation as an economic development strategy: some evidence from Utah.

An examination of employment patterns in rural Utah counties suggests that those counties which primarily rely on tourism and recreation to maintain economic viability exhibit annual employment var...

Economic development in rural Utah: is wilderness recreation the answer?

Surveys of wilderness users in four selected wilderness areas and proposed wilderness areas in Utah indicated that expenditures by these visitors, while similar to other outdoor recreation participants, are not sufficiently large to significantly influence the local county economies. The application of input-output multipliers to these expenditures suggests that wilderness users contribute significantly less than 1% of total sales to most of these counties, and not more than 2.5% in any county studied.

Preservation or use A contingent valuation study of wilderness designation in Utah

Evidence of strong opposition to wilderness proposals in Utah suggested that the non-market value of retaining those areas in multiple use management might be significant. A contingent value analysis of both supporters and opponents of the two major proposals for wilderness designation in Utah indicated that there existed significant non-market willingness to pay on the part of opponents, and that standard contingent valuation practice which does not explicitly consider these values could lead to a mis-estimation of aggregate willingness to pay.

A Nonparametric Investigation of Agricultural Production Behavior for U.S. Subregions

This research provides an empirical application of nonparametric techniques to determine whether agricultural production behavior in the United States and ten farm production regions over the period 1939 to 1982 has been inconsistent with the joint hypothesis of profit maximization, convex technology, and monotonic nonregressive technical change.

Buyer Concentration at Feeder Cattle Auctions

The influence of buyer concentration in two large feeder cattle auctions on feeder cattle prices at the auctions was investigated. Buyer concentration increased slightly for steers and heifers at one of the auctions between 1987 and 1989 and the increased concentration was estimated to have depressed prices an average of

Employment Stability and the Role of Sectoral Dominance in Rural Economies

0.05/cwt. Overall, prices at the other auction were depressed by an average of

Agricultural Production Technologies with Systematic and Stochastic Technical Change

0.44/cwt. between 1988 and 1989 due to increasing concentration at the auction.

An Assessment of Empirical Model Performance When Financial Market Transactions Are Observed at Different Data Frequencies: An Application to East Asian Exchange Rates

Rural development has received renewed attention, particularly in the West, where there are opportunities for enhancing tourism in communities once reliant on extractive resources. The historical focus of rural development has been on economic growth, with little concern about the sustainability or socioeconomic impacts of such growth. This study analyzes and discusses the employment dynamics of rural economies with varying employment bases to illustrate some possible impacts of targeting specific employment sectors as part of a rural economic development strategy. The empirical research focuses on the rural counties of Utah, where the trade and service sectors associated with increased tourism and retirement communities have been rapidly expanding throughout the past two decades. Copyright 1998, Oxford University Press.