Self-Limiting Dominant Logic: An Exploratory Study of Chinese Entrepreneurial Firms

Previous research has found that cognitive frame, mental models, and schema embody a dominant logic of firms that structure the behavioral routines of managers and can become a central force shaping a firm's decisions and actions. This exploratory study seeks to provide insight into an emerging dominant logic among recently established private-sector Chinese enterprises. Using multiple case studies of Chinese entrepreneurial firms, we identify convergence on a surprisingly similar dominant logic based on closely aligned concepts and accompanying behaviors: a defensive perspective of business environment; a conservative strategic decision-making process; and full involvement of owners and top managers in daily operations that substitute for development of elaborate routines and systems. Although a dominant logic may facilitate decision making and growth, it may also act as a perceptual blinder limiting opportunity search as firms seek to minimize risk in an uncertain environment.     

Exploring the impact of self‐construal and cultural intelligence on alcohol consumption: implications for social marketing

• There is enormous cross‐cultural variation in alcohol choices and drinking behaviour. Because of the inherent differences in historical drinking culture, as well as differences in alcohol policy globally, similarities and differences in drinking patterns have long been a focus of interest among public health and social marketing researchers. Thus, the purposes of this study are (1) to explore differences between groups (Australian and non‐Australian‐born respondents) on self‐construal, cultural intelligence and alcohol consumption and (2) to investigate the impact of self‐construal and cultural intelligence on alcohol consumption in Australia. Data for this study were collected through a large public university in Australia (N = 669). The paper found that people with interdependent self‐concept were less likely to drink alcohol than people with independent self‐concept and cultural intelligence was not significantly related to hazardous alcohol use, harmful alcohol use and dependence symptoms. Variations between Australian‐born and overseas‐born groups were evident. Limitations of the current study and an agenda for future research are outlined.

Copyright © 2016 John Wiley & Sons, Ltd.     

Social construction of the impact of Euro 2012: a Wroclaw case study

Our case study aimed to analyse the social construction of the impact of the 2012 European Football Championship on the Polish city of Wroclaw. To realise this aim, we conducted an analysis of 35 semi-structured interviews with select residents of Wroclaw; we also analysed the local press. Before presenting our findings, we briefly discuss the organisation of Euro 2012 and official discourse on this event in Poland to introduce a broader context. Referring to the Stuart Hall model of encoding/decoding, we argue that informants constructed the meaning of Euro 2012 in a negotiated manner. For example, they seemed to accept the thesis that Euro 2012 helped to modernise Wroclaw. However, they were suspicious of how and why modernisation projects were realised. Many argued that it was only because of external pressure that officials were able to act efficiently and honestly. It seems as though the respondents had rather low opinions of the competence of local authorities and did not trust in their ability to govern the city rationally and honesty. This observation is in accordance with a macro-social analysis of post-communist societies that speaks about a ‘culture of distrust’ or a ‘culture of cynicism’. We demonstrate that, in contrast to official discourse, residents of the city did not see any far-reaching and revolutionary social changes in Wroclaw.     

Ranking professional forecasters by the predictive power of their narratives

This article presents the first ever ranking of professional forecasters based on the predictive power of the narrative of their regular research reports. The ranking is generated by applying the fully automated four-step procedure – called NLP-ForRank – developed in this article. The four steps are data scraping from the internet; data preparation; application of the natural language processing (NLP) models; and evaluation of the predictive power of the NLP indexes with linear regression, Granger causality, vector autoregression (VAR), and random forest forecasting models. Applying this procedure to five large Polish banks and to many time series shows that including the constructed NLP indexes in the forecasting models lowers the forecast errors, and that the optimal model almost always contains the NLP index. The financial news agencies could consider publishing this type of ranking on a regular basis as it would foster accountability, transparency, and a more competitive environment in the professional forecasting industry.     

Gaussian risk models with financial constraints

In this paper, we investigate Gaussian risk models which include financial elements, such as inflation and interest rates. For some general models for inflation and interest rates, we obtain an asymptotic expansion of the finite-time ruin probability for Gaussian risk models. Furthermore, we derive an approximation of the conditional ruin time by an exponential random variable as the initial capital tends to infinity.     

Mixed systems with minimal and maximal lifetime variances

We consider the mixed systems composed of a fixed number of components whose lifetimes are i.i.d. with a known distribution which has a positive and finite variance. We show that a certain of the k-out-of-n systems has the minimal lifetime variance, and the maximal one is attained by a mixture of series and parallel systems. The number of the k-out-of-n system, and the probability weights of the mixture depend on the first two moments of order statistics of the parent distribution of the component lifetimes. We also show methods of calculating extreme system lifetime variances under various restrictions on the system lifetime expectations, and vice versa.     

Ethical Aspects of Sponsorship

The paper regards sponsorship as an agreement, in which the sponsor undertakes an action with economic nature for the sake of a sponsored subject. Typical cases related to unethical conduct of sponsors and subjects are described, as well as some social contexts of sponsorship and its influence on the public opinion.