The impact of promotions on consumer choices and preferences in out-of-stock situations

Out-of-stock is a prevalent problem in retailing, particularly for promoted products. This research analyzes customers' substitution decisions in out-of-stock situations by accounting for the specific impact of promotions. The results of two studies demonstrate that substitution patterns are context-dependent and change contingent on the relative positions of the promoted and the respective unavailable product. Specifically, preferences shift according to a reversed similarity effect, which is, however, reduced for stock-outs of promoted items. If a similar substitute is on sale, the effect is increased. For promoted dissimilar substitutes, the effect is offset by the simultaneous occurrence of an attraction effect. The results lead to important theoretical and managerial implications.     

Contemporaneous and long run canonical correlations in the linear IV model: Implications for instrument selection

In the normal linear simultaneous equations model, we demonstrate a close relationship between two recently proposed methods of instrument selection by presenting a fundamental relationship between the two sets of canonical correlations upon which the methods are based.     

Shaping Retail Brand Personality Perceptions by Bodily Experiences

Customer experiences play an important role in retail brand management. This research investigates how bodily experiences in retail environments influence customers’ perceptions of retail brand personalities. Based on research on human personality perception, we propose that bodily experiences transfer metaphoric meaning to customers’ brand perceptions. In a field experiment and a lab experiment we manipulated participants’ bodily experiences (feeling of hardness and temperature) and consistently found a metaphor-specific transfer of experiences to retail brand personality perceptions (on the dimensions “ruggedness” and “warmth”). A third study reveals the mechanism behind the effect and demonstrates concept activation elicited by bodily experiences in customers’ minds.     

HRM practice in emerging economies: a long way to go in the Slovak hotel industry?

Using empirical data from interviews among leading hotels in Slovakia, this paper sets out to explore recent developments in human resource management (HRM) policies and practices and labour relations in an emerging Central European economy. The main areas explored are the HRM function, employee resourcing, employee development, employee relations and emerging HRM issues. The paper establishes that there has been a move away from the traditional rigid socialist type of personnel management, but it has not been fully replaced by HRM practices. The emergent 'model' is a hybrid of the traditional Western personnel management and basic HRM activities, alongside which some legacies of the socialist personnel function still exist.     

Die Pflegevisite als Kontrollinstrument

Aufgrund der politischen Entwicklungen der letzten Jahre haben qualit?tssichernde und -weiterentwickelnde Methoden auch in der Pflege an Bedeutung gewonnen. Seit 2009 ist in den Richtlinien des Medizinischen Dienstes für station?re Altenpflegeeinrichtungen die Prüfung der Pflegevisiten vorgesehen, in denen es vorrangig um die gemeinsame Einsch?tzung der Wirksamkeit der Pflege geht und welche Fortschritte Betroffene im Umgang mit ihrer Erkrankung machen konnten.     

Rent Seeking with Politically Contestable Rights to Tariff‐rate Import Quotas**

This paper analyzes rent seeking for agricultural import quotas and the associated waste of resources when politically contestable licenses are allocated to either or both importers and exporters. In a two‐stage simultaneous contest where firms seek rent for licenses and then bargain over the import/export price, it is shown that (1) rents are not dissipated completely because of uncertainty in allocation of “rights,” (2) the dissipation ratio increases if the country with a more competitive contest increases the probability of establishing licenses, (3) rent seeking may cause the market structure to change, (4) less rent is dissipated in the case of pre‐existing market power, and (5) allocation of multiple licenses decreases rent‐seeking outlays.     

Fuzzy goal programming based genetic algorithm approach to nutrient management for rice crop planning

The main purpose of this paper is to present a tolerance based fuzzy goal programming (FGP) and a FGP based genetic algorithm (GA) model for nutrient management decision-making for rice crop planning in India. In the proposed model, we have included fuzzy goals such as fertilizer cost and rice yield in the decision-making process. Fuzzy goals are converted to goal constraints using their corresponding membership function values and the deterministic equivalent of the fuzzy model is obtained using tolerance based FGP approach. This deterministic nutrient management model is also solved using a proposed real coded GA and the optimal combination of fertilizer is obtained to maximize the yield of rice within the available budget. A case example is solved under various scenarios to demonstrate the proposed approach.     

East meets west—Corporate governance in Asian emerging markets: A literature review and research agenda

This review examines how corporate governance mechanisms in the Asian emerging markets (AEMs) context affect firm-level outcomes. Literature about characteristics of the main corporate governance actors (boards and owners), their effects on firm-level outcomes, and contingency factors in AEMs offers interesting first insights. I synthetize these results and develop a research agenda that proposes how AEM corporate governance research should extend (but not ignore) agency theory, how AEM research about firm effects of corporate governance could take a stakeholder-oriented perspective, and how research could utilize the AEM institutional context to model contingency factors and extend our theoretical understanding of corporate governance.