The Internationalisation of Cooperatives: The Case of the Mondragon Cooperative Corporation

Abstract: This paper outlines the internationalisation process of cooperatives in an economic environment determined by economic globalisation. The analysis is focused on the Mondragon Cooperative Corporation (MCC) in the Basque Country which is a point of reference for participatory enterprises all over the world. MCC is currently adapting to changing market conditions and pursuing a strategy of direct investment (joint ventures, greenfield investment and acquisitions) in priority international markets. Thus, the first part of the study is about the current situation: the problems and consequences related to the internationalisation process of the MCC. In the second part, we consider an analytical framework for developing measures and strategies which could facilitate international expansion but in a manner which is more in line with cooperative values. The third part focuses on the presentation and discussion, based on this analytical framework, of a number of proposals made within the MCC on international social‐economic policy.     

Mapping of scientific patenting: toward the development of ‘J-GLOBAL foresight’

The Japan Science and Technology Agency (JST) is in the process of building knowledge infrastructure by means of linking accumulated information assets to a variety of databases. It does not aim to develop knowledge data infrastructure based on proprietary format, but on an international standard format. JST is also in the process of creating ‘J-GLOBAL foresight’ [http://foresight.jst.go.jp (accessed June 2012)] in order to match up a variety of data such as results and indices of bibliometric analysis as well as of patent analysis derived from the knowledge infrastructure with applications like Google Maps and facilitate the visualisation of business information. This will contribute to help companies and institutions formulate business strategy based on the information obtained in the future. The former aims to be the bibliographic information version of the Data.gov, which discloses government data from the USA, while the latter seeks to be the Data-gov wiki version, which provides a demonstration by matching up governmental data with applications such as Google Maps.     

Women entrepreneurship in STEM fields: literature review and future research avenues

The aim of the paper is to explore the published management research on women entrepreneurs in Science, Technology, Engineering and Mathematics (also known as STEM) fields in order to offer a first, comprehensive state-of-the-art of this research. In doing so, a systematic literature review (SLR) of 32 papers has been undertaken. The results of this SLR show that the literature on this topic is still limited and fragmented. However, seeds have been sown for stimulating the theoretical debate and the empirical knowledge on these issues. Based on our analysis of these selected papers, we offer a vibrant research agenda for future developments.

     

Datification and the Pursuit of Meaningfulness in Work

Proliferation of digital means of tracking worker activities has contributed to the rise of data‐driven approaches to managing people, with employees often required to record their activities for accountability purposes. Increased requirement for such datification work occurs at a juncture where meaningfulness is one of the most sought‐after work features. Datification work could both facilitate and hinder the pursuit of meaningfulness, yet literature provides little guidance into the nature of the connection and how it transpires. Our inductive study of academic professionals using an accountability system suggests that datification work characteristics link to meaningful work experiences in complex ways. We advance current theory on work meaningfulness by theorizing the role of a new work condition – datification – in meaningfulness experiences of professionals, outlining how system design and the institutional context become important elements influencing meaningful work experiences, and explaining how meaningfulness experiences are constructed through system appropriations.     

Women entrepreneurs and work-family conflict: an analysis of the antecedents

Over the years, academic attention towards work-family conflict (WFC) issues has been constantly growing due to the socio-economic changes occurring in society. In line with this, great effort has been devoted to investigating WFC experienced by employees, while still almost untapped is the conversation with reference to women entrepreneurs. Moreover, the few studies that deal with women entrepreneurs’ WFC have mainly analysed its negative consequences rather than its predictors. Thus, this study aims to fill such research gap by analysing women entrepreneurs’ WFC antecedents. Based on the bidimensional conceptualization of WFC, distinguishing between work interference with family (WIF) and family interference with work (FIW), this study verifies an expanded model of the WFC which takes into consideration either the within-domain effects or the cross-domain effects of work and family stressors on WIF and FIW experienced by women entrepreneurs. In doing so, an analysis based on data from 669 women entrepreneurs has been conducted. Results show that both within-domain relationships and cross-domain relationships play a key role in explaining the WFC experienced by women entrepreneurs.

     

The Future of East Asia’s Trade: A Call for Better Globalization

This paper is about how East Asia should respond to the challenges of the external environment. The first challenge is the current slowdown in trade, which has been due to cyclical and structural factors such as the decline in productivity and the maturation of global value chains. The rise in protectionism as measured by rising trade restrictiveness has not impacted on trade, but political and policy uncertainty regarding the direction of trade policy seems to have begun to impact on trade growth. The policy stance of increased protectionism and a retreat from the multilateral rules‐based trading system is linked to the pockets of the population who have not seen their incomes improve and who have blamed their plight and increased inequality on globalization. In fact, the issue is more about the lack of effective responses to manage the costs of trade liberalization. East Asian economies need to respond to these challenges by upholding the multilateral rules‐based trading system, continuing the various pathways to regional economic integration, and ensuring better globalization through effective capacity building and policies to address the negative effects of trade liberalization.     

The Evolution of Competition Policy in Indonesia

This paper assesses the evolution of the new Indonesian competition law passed in 1999, and the creation of the Competition Commission. The first half of the paper traces the debate and process of deregulation and liberalization that preceded the introduction of the law. Whilst deregulation did lead to increased competition and efficiency, distortions to competition in the goods sector still persisted due to ad hoc and non transparent measures taken due to government interventions and vested interests. The services and infrastructure sectors were only partially liberalized. The second half of the paper evaluates the debate on competition law and assesses its introduction and implementation. In the brief period of implementation to date, the tension between a pro-competition and an anti-bigness interpretation of the Law is evident. The paper concludes that ambiguities in the law should be eliminated, that the competition agency focuses on advocacy and introducing transparent procedures rather than hastening towards concluding investigations, and that competition issues faced by independent regulatory agencies in the services and infrastructure sectors should be introduced carefully.     

China–US trade War: an Indonesian perspective

ABSTRACT

This paper takes a holistic approach to the effect of US-China trade war on Indonesia. The paper starts by laying out the context of the rise of protectionism and nationalism, comparing developed and developing country context, and its various causes such as unequal distribution of benefits and responses to the rise of China. The new US approach focusing on goods trade deficit, targeting mainly China but also other countries, including Indonesia and it should be seen as a tool to address the real concerns of the US regarding unfair trade, such as technology transfer, industrial subsidies and trade and investment distortions. It also reflects the US view of the inadequacy of the WTO. In terms of direct impact, the US-China trade war is creating uncertainities to global growth and in particular any decline in China’s growth is likely to hit Indonesia and other ASEAN countries given that China has become their number one trading partner. As for benefit from trade diversion and investment relocation to avoid the trade war, given the structure of its exports and lack of integration in the Global Value Chains, Indonesia is unlikely to benefit compared to several other Southeast Asian countries, such as Vietnam. However, any net benefit from this, will far outweigh the cost of the uncertainty in the rules based multilateral trading system (MTS) and the retreat of the US leadership to safeguard the MTS. The paper looks at how the current US unilateralism is framed in a carrot and stick approach, which does not benefit developing countries like Indonesia. To fill the leadership vacuum to maintain an open rules based order, other countries need to take the leadership position. This can be done by pursuing their own unilateral agenda of structural reforms, increasing regional economic integration and take collective leadership to conduct necessary reforms of the WTO especially on issues that are at the heart of the US-China trade war such as industrial subsidies, strengthening IPR, investment issues related to technology transfer, and competition policy and the level playing field.     

What Is the Way Forward for IASB’s Research Programme under the Evidence-Supported Approach? Some Analyses and Comments Based on the 2015 Agenda Consultation

The purpose of this paper is twofold: (1) the paper reviews the International Accounting Standards Board (IASB's) evidence-supported approach to standard setting, in particular the very broad definition of evidence that does not distinguish between scientific evidence used for developing the normative foundation (the standards) and observations in practice. Based on comparisons with medicine and auditing, we argue that there are good reasons for the IASB to separate scientific evidence from other sources of information. As producers of scientific evidence, the academic community must consider whether better alignment between publishing incentives and standard setting can be achieved. (2) Examining the 2015 Agenda Consultation, the ‘top-five’ research projects were identified: ‘Disclosure Initiative – Principles of Disclosure’, ‘Primary Financial Statements’, ‘Financial Instruments with Characteristics of Equity’, ‘Business Combinations under Common Control’, and ‘Goodwill and Impairment’. In order to further support evidence-informed standard setting, we provide research-based comments on these projects (based on the European Accounting Association's Agenda Consultation comment letter).     

Employment Systems in Japan's Financial Industry: Globalization,Growing Divergence and Institutional Change

This article examines growing divergence and change in the employment systems of Japan's financial industry from the early 1990s until shortly after the so‐called Lehman Shock. This was a period which saw accelerated deregulation and globalization strongly impact the country's financial markets, leading to intensified competition over human resources. Foreign multinational corporations introduced into Japan's local product and labour markets new global ‘rules of the game’; in response, some native firms were forced to alter core aspects of a traditional employment model. The result was the emergence of diverging patterns of employment. The present study will demonstrate that the interaction of two key factors — national ownership and variation among core products and services offered — is shaping employment diversification, mediated by firms’ individual policies and practices. This research contributes to the debate on the effects of globalization on the divergence and change of employment systems.