Ethical and Unethical Leadership: A Cross-Cultural and Cross-Sectoral Analysis

Current literature on ethical leadership and unethical leadership reflects a Western-based private sector perspective, pointing toward a compliance-oriented understanding of ethical and unethical leadership. As today’s executives increasingly have to ethically lead across different cultures and sectors, it becomes vitally important to develop a more holistic picture how ethical and unethical leadership is perceived in the Western and Eastern cultural cluster and the private and the public/social sector. Addressing this issue, the present study aims to identify cross-cultural and cross-sectoral commonalities and differences in international executives’ perceptions of ethical and unethical leadership. Findings from in-depth interviews (N = 36) with executives from Western and Eastern cultures working in the private or the public/social sector reveal collectively held perceptions of ethical leadership (including leader honesty, integrity, concern for responsibility/sustainability, and people orientation) and of unethical leadership (referring to leader dishonesty, corruption, egocentrism, and manipulation). Results indicate limited support for a compliance-oriented perspective on ethical and unethical leadership but yield a much greater trend toward a value-oriented perspective. Concrete practice examples illustrate these different perspectives. Cultural and sectoral particularities of executive perceptions of ethical and unethical leadership are discussed.     

What is behind the real appreciation of the accession countries’ currencies?: An investigation of the PPI-based real exchange rate

In the paper, we calculate real equilibrium exchange rates (EER) for EU accession countries and compare these with the actual exchange rate movements since the mid-1990s. The real equilibrium exchange rates are derived from models of macroeconomic balance and tested for econometrically. It is found that productivity increases can be regarded as one source of the observed PPI-based real appreciation of the accession countries’ currencies. These productivity gains experienced in the process of economic catch-up imply an increased capacity to produce high-quality export goods and are a key driving force of exports. To a large extent real appreciation can, therefore, be viewed as an equilibrium phenomenon.     

Relevanz von Sponsoring — wann sich das Engagement wirklich lohnt

Zusammenfassung  Das Sponsoring wird als Kommunikationsinstrument immer bedeutender. Damit rückt die Frage nach der Wirkung dieses Instruments in den Vordergrund. Das Institut für Marketing und Handel der Universit?t St. Gallen führte zusammen mit der IG Sponsoring eine Studie durch, um aus der Perspektive von Kunden und Unternehmen die Relevanz und Wirkung von Sponsoring in der Schweiz zu ermitteln. Die Ergebnisse zeigen insbesondere, dass ein stark und positiv wahrgenommenes Sponsoring-engagement das Markenimage und in der Folge die Kaufabsicht sowie die Loyalit?t der Kunden positiv beeinflusst. Prof. Dr. Torsten Tomczak Ordinarius für Betriebswirtschaftslehre mit besonderer Berücksichtigung des Marketing und Direktor des Instituts für Marketing und Handel an der Universit?t St. Gallen Dr. Silke Mühlmeier Lehrbeauftragte und Managing Director des Center for Innovation an der Universit?t St. Gallen Dipl. Oec. Tim Oliver Brexendorf Projektleiter bei der htp St. Gallen Managementberatung AG und ehemaliger wissenschaftlicher Mitarbeiter im Kompetenzzentrum Brand Management des Instituts für Marketing und Handel an der Universit?t St. Gallen Dr. Wolfgang Jenewein Studienleiter des Executive MBA (EMBA) Programms der Universit?t St. Gallen und Lehrbeauftragter an den Universit?ten St. Gallen und Innsbruck     

The antecedents of charity trust and its influence on charity supportive behavior

This study develops and tests a model that evaluates eight antecedents of charity trust and its influence on volunteering and donating. Secondary data from a national Australian survey (N = 1,377) was collected and data was analyzed using partial least square path analysis. Key findings include identifying individual and organizational antecedents of charity trust and its influence on charity supportive behavior. Results show that organizational transparency is a very strong antecedent, followed by the individual awareness level of an individual towards the organization. We also examined the effect of gender as a moderating influence but did not find a significant effect. We conclude with managerial implications and areas for future research.     

Euro-Area Inflation: does the Balassa–Samuelson effect matter?

The paper argues that the Balassa–Samuelson effect is of little importance for the inflation target of the ECB. First, econometric tests of the Balassa–Samuelson effect suggest that the most robust link is found between relative sectoral deflators and relative unit labour costs; i.e. a link that accounts for an incomplete wage pass-through. For the (change in the) HICP — the target of the ECB — and its components additional factors seem to cause divergent international and sectoral developments. Second, countries with high productivity growth in industry may experience a real devaluation in the sector of tradable goods which counters the real appreciation resulting from a relative increase in service prices. It follows that the difference in productivity growth and thus the difference in the size of the relative price adjustment between countries does not have unambiguous consequences for the overall inflation rate, and as such can thus not justify an inflation target well above zero.

Watering Down Austerity: Scalar Politics and Disruptive Resistance in Ireland

Across Europe, resistance to austerity takes place in the household, the local community, and the everyday. Disruptive practices of refusal and subversion leave elite domination incomplete in the age of austerity. Under what conditions, disruptive resistance affects national and international policy-making is less clear. The article uses the analytical concept of scalar politics to engage this question. Exploring anti-water charges/anti-austerity protests in the Republic of Ireland, I highlight the importance of the scalar dimensions of materiality and culture in making disruptive resistance partially successful in this case. Economic crisis allowed Irish elites to transfer water reforms onto international and European political scales. The physical conditions required for reform meant that sustained local disruptions rendered implementation impossible. Irish history and culture provided semiotic signifiers to mobilise against an overwhelming force of domination. Scalar politics constitutes a useful theoretical frame for analysing the social embeddedness of the economy beyond the Irish case. If political economists acknowledge the social construction of scalar arrangements, we can investigate how political actors use dimensions of scale strategically to pursue their goals. We can also pay analytical attention to how certain normative preferences come to dominate certain policy domains through processes of scalar contestation.     

The cyclicality of effective wages within employer-employee matches in a rigid labor market

This study analyzes real wage cyclicality for male full-time workers within employer-employee matches in Germany over the period 1984-2004. Five different wage measures are compared: the standard hourly wage rate; hourly wage earnings including overtime and bonus pay; the effective wage, which takes into account unpaid overtime; and monthly earnings, with and without additional pay. None of the hourly wage measures exhibits cyclicality except for the group of salaried workers with unpaid overtime. Their effective wages show a strongly procyclical reaction to changes in unemployment. Despite acyclical wage rates, salaried workers without unpaid overtime experienced procyclical earnings movements if they had income from extra pay. Monthly earnings were also procyclical for hourly paid workers with overtime pay. These findings suggest that cyclical earnings movements are generated by variable pay components, such as bonuses and overtime pay, and by flexible working hours. The degree of earnings procyclicality revealed for the German labor market is comparable to the United States.