Explanatory factors for efficiency in the use of social networking sites—The case of organic food products

In some markets, organic foods face problems such as consumer misinformation and confusion, high prices compared to conventional equivalents, or few points of sale. The answers to these problems include information and communication technologies, particularly social networking sites (SNS), given their potential for conveying information and connecting customers and suppliers at less cost. It would be useful to ascertain the psychology of social media use and which factors determine SNS efficiency among organic producers. This study of the efficiency of SNS use in two strategic sectors for Spain—olive oil and wine—used data envelopment analysis and, in a second stage, qualitative comparative analysis (QCA) to detect the contextual variables that explain the highest efficiency indices. The results showed that the more market‐oriented sector (wine) has a higher average efficiency of SNS use and pointed to the following explanatory factors: SNSs mentioned on corporate websites, number of employees, the manager's educational background, and length of SNS use.     

The Impact of an Increase in the Legal Retirement Age on the Effective Retirement Age

We analyze the impact of an increase in the legal retirement age on the effective retirement age in the Netherlands. We do this by means of a dynamic programming model for the retirement behavior of singles. The model is applied to new administrative data that contain very accurate and detailed information on individual incomes and occupational pension entitlements. Our model is able to capture the main patterns observed in the data. We observe that as individuals get older their labor supply declines considerably and this varies by age and gender. We simulate the current pension reform which aims at gradually increasing the legal retirement age from 65 to 67 and a hypothetical reform that immediately increases the retirement age to 67. The simulation results show a small impact on the effective retirement age for the first reform and a bigger impact for the second reform. Respectively, individuals postpone their retirement by \(<\) 1 month and 7 months on average; while differences across individuals mainly depend on their gender and health status.     

E‐corporate social responsibility in small non‐profit organisations: the case of Spanish ‘Non Government Organisations’

The image and the reputation of small NGOs have direct bearing on the capacity of these entities to retain and attract members, volunteers and donors. These attributes have been linked to the concept of Social Responsibility. Therefore, for NGOs to be socially responsible and to make this fact known is a key factor that will have a positive influence on their image and reputation and will contribute to their being recognised and to strengthening social confidence in them. This article analyses the e‐corporate social responsibility in Spanish NGOs. It shows the infra‐use that NGOs make of the Internet as an information medium to communicate their Corporate Social Responsibility (CSR) practices. In terms of transparency, this implies that the CSR transparency on their websites is very poor, although it grows as the size of the organisation increases.     

Intervention policy of the BoJ: A unified approach

Intervening in the FX market implies a complex decision process for central banks. Monetary authorities have to decide whether to intervene or not, and if so, when and how. Since the successive steps of this procedure are likely to be highly interdependent, we adopt a nested logit approach to capture their relationships and to characterize the prominent features of the various steps of the intervention decision process. Our estimations based on Japanese data from 1991 to 2004 indicate that the Bank of Japan: (i) mainly reacted to deviations of the exchange rate with respect to fundamentals and (ii) tended to favour secrecy when its credibility was low. We also provide new insights on the so-called secrecy puzzle by modeling explicitly the risk for a secret intervention to be detected. Our results have important implications in terms of exchange rate policy, such as the emergence of a trade-off between intervention size, communication policy and secrecy. Our results tend to provide some explanation for the observed persistence of ineffective intervention policy during some sub-periods.