Paying the pilot? The economics of subsidising international air travel to small remote island nations with large diaspora

The tourism-air transport linkage may be complicated by the presence of substantial non-tourist leisure travel flows. This paper analyses the value of direct long-haul air service to Los Angeles for two small South Pacific nations, Tonga and the Cook Islands, which were faced with demands that they subsidise the current service to ensure its continuation. Both countries are tourist destinations, but both also have sizeable diaspora of economic emigrants living abroad, which generate considerable visiting friends and relatives traffic. It turns out that the economics of this travel are quite different from those relating to foreign tourism, such that it is possible that Tonga could actually lose by having the long-haul service. The bottom line is that the Cook Islands do gain, and that Tonga probably does, though in both cases by less than the amount of subsidies that they agreed to pay the airline.     

Managing rewards to enhance relational worth

In this study, cognitive evaluation theory illustrates how the controlling aspects of reward redemption policy (stringent versus flexible) interact with the type of offered reward (social versus economic) to influence relational program effectiveness. We look at effectiveness by defining and measuring relational worth, the non-financial value of consumers to organizations. The hypotheses are empirically tested with a sample of season ticket holders of a professional sports team (n = 373) and then replicated in a second study with experimental data using scenarios in a hotel reward program context. Results indicate that perceived social rewards lead to affective commitment, while perceived economic rewards lead to continuance commitment. Involvement is a significant determinant in how reward type and policy influence commitment types; specifically, low-involvement consumers are more influenced by reward program signals than high-involvement consumers. Affective commitment produces the most relationally valuable consumer to an organization in terms of relational worth. Controlling policies have an undermining effect on all commitment types, regardless of reward type.     

Gemini Communications: A case applying revenue recognition standards

Gemini Communications (Gemini) is a case study on revenue recognition criteria. You will take on the role of an audit manager for the public accounting firm that audits Gemini. Your client, Gemini, is a US company that recently expanded operations into China through the acquisition of Apollo Man. Gemini prepares its financial statements in accordance with US Generally Accepted Accounting Principles (US GAAP) while Apollo Man prepares its financial statements in accordance with International Financial Reporting Standards (IFRS GAAP). Your assignment is to research, compare and contrast the technical criteria for revenue recognition under US GAAP, IFRS GAAP, and the proposed revenue standard. You will apply the various criteria to an Apollo Man sales transaction to determine the timing and amount of revenue Apollo Man should recognize. The case is designed to develop your research and written communication skills.     

Businessman or host? Individual differences between entrepreneurs and small business owners in the hospitality industry

Prior research has identified individual characteristics that distinguish business owners from non-business owners. The researchers tested their contention that not every successful business owner can be characterized by such typical ‘entrepreneurial’ characteristics. Multiple analysis of variance on a unique data set of 194 business owners in the hospitality industry revealed that several individual characteristics discriminated between entrepreneurs and small business owners. Entrepreneurs possessed higher levels of independence, tolerance of ambiguity, risk-taking propensity, innovativeness, and leadership qualities, but not of market orientation and self-efficacy. It is concluded that ‘entrepreneurial’ characteristics identified in the literature may be useful predicting a specific type of business ownership. However, other criteria need to be developed in order to describe other groups of business owners operating in the service industries.     

Partnership,high performance work systems and quality of working life

The paper measures the effects of workplace partnership and selected high performance work practices on four different dimensions of employee experience. Whilst the partnership– high performance work systems nexus seems to have little impact on employees’ job satisfaction or sense of attachment, it does, however, have a negative impact on both workplace stress and employee evaluations of union performance. The analysis thus questions common assumptions about the inevitability of ‘mutual gain’ and the necessity of employer/union partnership.     

Mother and child constructions of risk in outdoor play

Managing the risks to which children are exposed in contemporary Britain is complex, requiring parents to balance opportunities for a child’s development with an appropriate concern for the potential consequences. Managing risk is particularly an issue for mothers, who, despite societal changes, tend to retain overall responsibility for the care of children. This paper explores the meanings mothers attach to risk and how this influences their children’s outdoor play. It also extends the scope of much existing literature by including children’s own perspectives on risk in outdoor play. Semi-structured interviews were undertaken with 12 mothers who had children aged between 9 and 11 years old who attended a north-east school. Two focus groups were also held, each with six of the children. Findings are analysed in relation to mother and child constructions of risk; mothers and children as risk managers; and negotiating mothering choices. The paper pays particular attention to the way in which mothers’ decisions were framed within risk cultures and dominant views of ‘good’ and ‘bad’ mothering.     

International exposure through network relationships: Implications for new venture internationalization

Drawing on the network literature and attention-based view, we examine the extent to which international exposure from key informal (geographically proximate firms) and formal (alliance partners) network relationships impacts new venture internationalization. Our findings are three-fold. First, international exposure from both types of network relationships positively influence new venture internationalization, and serve as substitutes for each other. Second, the effects differ based on the age of the venture. While older ventures benefit more from international exposure from alliance partners, younger ventures are more influenced by international exposure from geographically proximate firms. Third, our analysis confirms a three-way interactive effect of age and international exposure from informal and formal relationships on new venture internationalization.     

Accounting education literature review (2010–2012)

This review of the accounting education literature includes 291 articles and 104 instructional cases published over the 3-year period, 2010–2012, in six journals: (1) Journal of Accounting Education, (2) Accounting Education: An International Journal, (3) Advances in Accounting Education, (4) Global Perspectives on Accounting Education, (4) Issues in Accounting Education, and (6) The Accounting Educators’ Journal. This article updates prior literature reviews by organizing and summarizing recent additions to the accounting education literature. These reviews are categorized into four sections corresponding to traditional lines of inquiry: (1) curriculum, assurance of learning (AOL), and instruction; (2) educational technology; (3) faculty issues; and (4) students. Suggestions for educational research in all content areas are presented. For the first time in this series of literature reviews, we assess the data collection and empirical analysis methods and recommend adoption of more rigorous techniques moving forward. Articles presenting teaching materials and educational cases published in the same six journals during 2010–2012 are presented in an appendix, categorized by the courses for which they are appropriate.