Innis Lecture: Environmental crises: past, present, and future

Abstract .  Environmental crises are distinguished by rapid and largely unexpected changes in environmental quality that are difficult if not impossible to reverse. Examples would be major extinctions and significant degradations of an ecosystem. I argue there are three preconditions for crisis: failures in governance, an ecological system exhibiting a tipping point, and an economy/environment interaction with positive feedbacks. I develop a simple model to illustrate how a crisis may arise, and draw on our knowledge of past and present crises to highlight the mechanisms involved. I then speculate as to whether climate change is indeed a crisis in the making.     

Salesperson Perceptions of Ethical Behaviors: Their Influence on Job Satisfaction and Turnover Intentions

In the academic world, research has indicated that “good ethics is good business.” Such research seems to indicate that firms, which emphasize ethical values and social responsibilities, tend to be more profitable than others. Generally, the profitability is credited to the firm’s positive relationships with its customers, reduced costs of attempting to rebuild a tarnished image, ease of attracting capital, etc. The research conducted in this study evaluated salespeople’s perceptions of the ethics of businesses in general, their employer’s ethics, their attitudes as consumers, and the relationships existing between these perceptions and the sale force’s job satisfaction and turnover intentions. The results show a positive relationship existing between salesperson perceptions of business ethics, his/her employer’s ethics, consumer attitudes, and the salesperson’s job satisfaction and reduced turnover intentions. Charles E. Pettijohn (D.B.A., Louisiana Tech University) is a professor of marketing in the College of Business Administration at Missouri State University. He is also co-editor of the Marketing Management Journal. His research has appeared in the Journal of Personal Selling and Sales Management, the Journal of Businesss Ethics, Marketing Management Journal, Psychology and Marketing, and the Journal of Marketing Theory and Practice. At Missouri State University, his primary teaching focus is in the areas of Personal Selling and Sales Management. Linda S. Pettijohn (D.B.A., Louisiana Tech University) is a Professor of marketing in the College of Business Administration at Missouri State University. Her research has appeared in the Journal of Personal Selling and Sales Management, Human Resource Development Quarterly, Marketing Management Journal, Psychology and Marketing, and the Journal of Financial Serivices Marketing. At Missouri State University, her primary teaching focus is in the area of Retailing. Albert J. Taylor (D.B.A., Louisiana Tech University) is an associate professor of marketing in the College of Business Administration at Coastal Carolina University. His research has appeared in the Journal of Personal Selling and Sales Management, Human Resource Development Quartely, the International Journal of Hospitality and Tourism Administration, Psychology and Marketing, and the Journal of Applied Business Research. At Missouri State University, his primary teaching focus is in the areas of Marketing Research and Personal Selling.     

How new is socially responsible investment?

Much recent comment has been concerned with a perceived distinction between socially responsible investment (SRI) and the older style of ethical investment, which operates on the basis of exclusion criteria. However, the distinction between SRI and ethical investment is not as clear‐cut as some reports have implied, in that some of the longer‐established funds have SRI characteristics. An example is the CIS's Environ Trust, established in 1990, the operation of which has recently assisted the CIS in the adoption of SRI schemes for all its funds. The application of SRI introduces to mainstream funds the principle of engagement with companies. Investment is then based on the selection of 'best practice' companies rather than on criteria of exclusion. This suggests that there is scope for applying the experience of specialised ethical funds to the encouragement of greater social awareness by large shareholders in general.     

FDI and the labour market: a review of the evidence and policy implications

This paper presents a series of results concerning the labour-marketimpact of inward foreign direct investment (FDI) in the UK.The paper demonstrates that one of the crucial impacts of FDIis to increase wage inequality and the use of relatively moreskilled labour in the domestic firms. This result is found tobe a combination of two effects. First, the entry by a multinationalenterprise (MNE) increases the demand for skilled workers inan industry or region, thus increasing wage inequality. Second,technology spillovers occur from foreign to domestic firms.As a result of these spillovers, relative demand for skilledworkers increases in the domestic firms, further contributingto aggregate wage inequality and skill upgrading. The paperalso considers how FDI impacts upon skill shares by productivitydifferentials between foreign and domestic firms. Finally, thepolicy implications of this are discussed, from the perspectiveof regional development, and the likely effectiveness of attractingFDI to reduce structural unemployment.     

Advertising and recruitment: Marketing to minorities

Growing diversity, increasing multinationalism, and a need to better understand minority consumers make recruiting minority professionals to the workplace exceedingly important. This study examines the influences of a frequently used tool in organizational recruitment, the recruitment advertisement. Specifically, this research examines the influence of the racial composition of employees portrayed in these advertisements on a diverse sample of job‐seeker reactions. These reactions include perceptions of organizational attractiveness, perceived compatibility to the organization, and evaluations of organizational image. In addition, it was expected that the race of the perceiver, the job seeker, would moderate these relationships. Mixed support for the hypotheses was found. Implications for advertising, marketing, and recruitment research given emerging domestic diversity are offered. © 2000 John Wiley & Sons, Inc.     

The Effect of School Size on Exam Performance in Secondary Schools

This paper investigates the relationship between school size and the exam performance of school pupils in their final year of compulsory education. Previous studies of this relationship have been seriously constrained by lack of appropriate data, but the publication of the School Performance Tables for all publicly-funded schools in England since 1992 permits the construction and testing of a multivariate model which includes school size as one of the explanatory variables. After controlling for factors such as type of school, teaching inputs and eligibility for free school meals, the partial effects of school size on exam performance are estimated. The primary result is that there is a non-linear relationship (in the form of an inverted-U) between school size that maximizes the exam performance of schools is estimated to be about 1,200 for 11–16 schools and 1,500 for 11–18 schools. These estimates are considerably higher than the current mean size of schools.     

Market Efficiency and Profitable Wagering in the National Hockey League: Can Bettors Score on Longshots?

Sports betting and racetrack markets continue to provide researchers with opportunities to test the efficient market hypothesis. This paper investigates the efficiency of a relatively new sports betting market, the National Hockey League, for 1990-1996. The market is found to be somewhat inefficient and simple wagering strategies are identified that result in profitable returns. Consistent with previous research for football and baseball, bettors in hockey are inclined to overbet favorites relative to their observed chance of winning. Interestingly, the market does not appear to be converging to efficiency.