Framing Effects in Risk Perceptions of Aids

This paper examines a boundary condition of the ease-of-retrieval effect shown to affect risk perceptions of AIDS (Raghubir and Menon 1998; R&M). R&M had shown that when AIDS-related behaviors were difficult (vs. easy) to recall, people reduced their estimates of contracting AIDS, based on an inference that the more difficult an item was to recall, the smaller the population of behavioral experiences in memory, from which it was drawn. In this paper, we show that when people can attribute recall difficulty to task contingencies (i.e., the difficulty is not informative about their own behavioral experience), the content of the information recalled from memory, rather than the ease with which such information was recalled, affects judgments. In such a scenario, framing the recall task as one that causes AIDS leads to perceptions of higher risk versus one that prevents AIDS. Theoretically, these results show that the use of information accessibility as a cue is based on inferences about the population from which the information is drawn. Managerially, the results suggest that risk perceptions are based on contextual cues that affect content and accessibility of memory-based information.     

Asking sensitive questions: The effects of type of referent and frequency wording in counterbiasing methods

Respondents typically underreport socially undesirable behaviors and overreport socially desirable behaviors because of a social desirability bias. This not only leads to biased data, but also has important implications for health-care marketers interested in encouraging people to perform in more socially desirable ways. This article investigates the effects of providing counterbiasing information on reducing this social desirability bias. Study 1 investigates whether information that a socially desirable behavior is performed less frequently than expected reduces the extent of overreporting. In Study 2, alternative methods of presenting information about the target behavior are studied. The data demonstrate that counterbiasing information is more effective when the referent is a population base rate versus an individual, and is moderated by the wording of the frequency, such that the counterbiasing is more effective when the frequency is worded as an actual number versus a percent. Implicaitons for questionnaire design and health-care marketing are discussed. ©1996 John Wiley & Sons, Inc.     

Revisiting the link between financial development and industrialization: evidence from low and middle income countries

Annals of Finance - The paper uses a dynamic panel model to analyze the relationship between financial development and industrialization in the context of low and middle income countries between...     

Dispossession by neglect: Agricultural land sales in Southern India

Active land markets in the periphery of Chennai have resulted in large tracts of agricultural land being bought by non‐agricultural actors seeking returns primarily from speculation. We argue in this paper that the financialization of land and consequent spurt of agricultural land sales are central to what scholars have termed land grab. Recent literature on land grabs has focused primarily on processes of accumulation by dispossession and the coercive role of the state. Our contention is that land grabs more commonly occur due to the state underinvesting in agriculture, resulting in “dispossession by neglect” of especially marginal and small farmers. Dispossession by neglect better captures the fluid boundary between the coercive and voluntary in contemporary land grabs.     

On Ethical Violations in Microfinance Backed Small Businesses: Family and Household Welfare

Journal of Business Ethics - The microfinance business model focuses largely on lending to the woman in the household, rather than the man. The belief is that women are more trustworthy borrowers...     

Executive stock options,differential risk-taking incentives,and firm value

The sensitivity of stock options' payoff to return volatility, or vega, provides risk-averse CEOs with an incentive to increase their firms' risk more by increasing systematic rather than idiosyncratic risk. This effect manifests because any increase in the firm's systematic risk can be hedged by a CEO who can trade the market portfolio. Consistent with this prediction, we find that vega gives CEOs incentives to increase their firms' total risk by increasing systematic risk but not idiosyncratic risk. Collectively, our results suggest that stock options might not always encourage managers to pursue projects that are primarily characterized by idiosyncratic risk when projects with systematic risk are available as an alternative.     

On the Viability of Fixing Leaky Supply Chains for the Poor Through Benefit Transfers: A Call for Joint Distribution

Supply chain managers have yet to solve the conundrum of profitably distributing and selling to the poorest consumers. Most prevailing methods of addressing this problem take one of two contrasting approaches—that is, (1) price subsidization or (2) benefits/cash transfers. The former has been heavily studied in the literature with the consensus being that it is highly inefficient and prone to leaks. We investigate the viability of the latter by focusing on how branching out to reach the poorest customers impacts the performance of banks. Results indicate that the impacts of this approach are deleterious, thereby questioning its commercial scalability. Therefore, we argue that this approach may also have only limited potential in terms of being an effective, large‐scale solution to the problem of access for the poor. Instead, a third approach to achieve scalable Bottom of the Pyramid growth and development needs to be considered—cultivating partnerships through joint distribution.     

Patent citations as determinants of grant and opposition: case of European wind power industry

The grant of a patent and filing of an opposition are important events in the lifecycle of a patent. This paper tests the influence of backward citations on the likelihood of a patent grant and, if any, an opposition. Since all citations are not alike, detailed analysis is done by assessing type, nature and origin of citations in European search reports and, where needed, international search reports. The nature of citations, blocking or non-blocking, is found to have a significant impact on the likelihood of a patent being granted. The effect of citations originating during different stages of patent pendency is also explored in this study. For practitioners, the study provides a landscape of the European wind industry that is characterised by popularity of the PCT route, dearth of non-patent citations and dominance of bigger actors. For academics, the study offers novel opportunities to utilise citation based indicators.     

The Effect of Computer Use on Work Discretion and Work Intensity: Evidence from Europe

This article studies changes in computer use and work discretion and intensity in the EU-15 between 1995 and 2015. We document that while the proportion of workers using computers has increased from 40 per cent to more than 60 per cent, there remain significant differences between countries even within the same occupations. Several countries have seen a significant increase in computer use even in low-skilled occupations generally assumed to be less affected by technology. Overall, the great increase in computer use between 1995 and 2015 coincided with a period of modest deterioration of job quality in the EU-15 as a whole, as work discretion declined for most occupational and educational groups, while work intensity increased slightly for most of them. Our OLS results exploiting variation within country-occupation cells point to a sizeable positive effect of computer use on work discretion, but to no effect on work intensity. Our instrumental variable estimates point to an even more benign effect of computer use on job quality as measured by work discretion and work intensity. Hence, the results suggest that the (moderate) deterioration in the quality of work observed in the EU-15 between 1995 and 2015 has occurred despite the spread of computers, rather than because of them.