Human capital in the internationalization of family firms

Research concerning the influence of human capital (HC) on internationalization strategies typically highlights skills displayed by business executives. This article is one of the few studies that examines the values, attitudes, and capabilities related to the HC of international companies. Our study attempts to understand the role that HC plays in the international commitment (IC) achieved by family and nonfamily firms and whether the HC of family firms (FFs) can be considered a source of competitive advantage in pursuing an international strategy. Partial Least Squares method is used for analyzing data collected from 270 Spanish firms. Results show HC differs between family and non‐FFs and plays a crucial role in the international strategy of FFs. Specifically, professional experience, training, and educational level, the degree of market and industry knowledge, specific skills to work in international markets, and concern for employees are superior in FFs, resulting in the achievement of higher levels of IC when compared to non‐FFs. The results should encourage managers and/or owners of these companies to exploit and effectively govern specific human resource strengths when they enter and experience growth in other markets.     

Together or separately? Direct and synergistic effects of Effectuation and Causation on innovation in technology-based SMEs

Technology-based SMEs develop their activity in changing environments with strong competitive pressures. These conditions make them much more likely to innovate but also make the innovative process more challenging due to greater complexity of decisions about resources and establishment of actions to achieve favorable innovation results. Although prior studies have analyzed diverse factors that impact the innovative dynamics of this type of firm, little advance has been made in exploring the problem from the perspective of decision-making. This study seeks to close this research gap using Effectuation Theory, one of the most-cited theories emerging in the field of entrepreneurship. More specifically, we analyze the use of causal and effectual decision-making logics to evaluate their direct and ambidextrous effects on innovation in technology-based SMEs. Our results provide evidence that not just one path, but rather a pool of alternatives, supports product and process innovation development. More specifically, when technology SMEs pursue product innovation, both effectuation and causation can be used as predominant mechanisms to achieve positive innovation results. If firms also seek to develop process innovations, however, they may obtain better results with an ambidextrous approach.

     

Towards Multilife Marketing: How Goods Multiple Lives Practices Create Value for Consumers

Goods multiple lives practices (GMLPs) encompass a wide range of diverse practices that extend product lifecycles. We propose that it is through a holistic consideration of the concept that it is possible to understand its breadth and scope as well as its potential consequences in terms of increased value for consumers. Through 15 in-depth interviews and secondary data analysis, this study explores the value-creating potential of GMLPs for consumers. The results suggest that these practices are based upon three key dimensions to create perceived value for consumers: polymorphous exchanges, protean intermediation, and multichannel structuration.     

Maximum residual levels of pesticides and public health: best friends or faux amis?

The purpose of this article is to analyze the relation between public health and the regulations of Maximum Residue Limit (MRL) of pesticides. Many authors underline the role of trade protectionism in fixing these limits, whereas these regulations should be intended for public health protection. We first establish the link between the MRL for a given chemical in plant products and its level of toxicity. In order to perform this analysis, we cross the FAS USDA MRL database and the classification of the long‐term toxicological effects (LTE) for active substances provided by SAgE pesticide. We then compute a synthetic and polyvalent tool, namely, “Health Score,” which provides a first overview of the link between LTE and MRL by country. Then this score is regressed in a logit model in order to identify the relationship between the countries’ Health Score and the socioeconomic and political characteristics of such areas. Results highlight the importance of public health expenditures in determining the settings of MRL toward stricter levels.     

Sustainable product disposal: Consumer redistributing behaviors versus hoarding and throwing away

Business strategies involving sustainable product disposal have focused mostly on technical aspects but neglected to adequately incorporate the nature of consumers' behavior. The current study addresses this void. We study consumer product disposal behavior and subsequently offer insights to businesses on how to incorporate consumer input into their strategic decision making in the light of opportunities to mitigate environmental impacts. Consumers' redistributing of unwanted but still useful products to others by reselling, passing along, or donating, rather than hoarding or throwing away, contributes to product lifetime extension and waste management. We study factors influencing product redistribution and explore profile of consumers who engage in various disposal behaviors. Findings from two online surveys, on mobile phones and sunglasses, reveal that specific waste attitudes, that is, waste minimization and waste aversion, rather than general environmental concern, are key determinants of product redistribution choice. Product cost is positively related to reselling and giving behaviors. Furthermore, product quality and product self-image congruency significantly reduce the odds of throwing away. The method of product redistribution is also influenced by consumers' demographic characteristics including age, education level, and income. This paper advances extant literature on product disposal from the perspective of the consumer and provides input into development of business strategies that incorporate consumers' sustainable disposal behaviors. We also offer input to policy makers on how to curb or delay waste and pollution.     

Financial conservatism fosters job creation during economic crises

ABSTRACT

This article aims to analyse the phenomenon of financial conservatism in firms’ capital structures and relate it to their employment variation for a sample of Spanish companies during the 2008–2013 period, characterized by a sharp crisis and very high unemployment rates. Financial conservatism is described as following a low-leverage/high cash no-short-term capital structure policy. We use the noisy selection model that relates growth, age, and size, to which we add a dummy indicating financial conservatism. As the growth of a company is measured as its number of employees’ variation, we are ultimately analysing how financial conservatism affects job creation. The objective of this work is to stress the advantages of a financially conservative policy as the evidence shows that such a policy at a given enterprise is a positive factor for job creation, which in Macroeconomics terms means an improvement in economy’s employment. The average conservative company more likely to foster job creation is a small company belonging to the industry or services sector.     

The wage impact of undocumented workers: Evidence from administrative data

Using administrative, individual level, longitudinal data from the state of Georgia, this article finds that rising shares of undocumented workers results in higher earnings for documented workers, but by a small amount. A one percentage point increase in the share of undocumented workers in a documented worker's county/industry results in an average wage boost of 0.44%. Within the firm, a one percentage point increase in the percent of undocumented workers employed by the firm boosts wages by 0.09% (0.11, 0.12, and 0.04 in low, medium, and high skill firms, respectively). Potential explanations for a positive wage impact are discussed.     

城市旅游再造——一种文化可持续发展的新思维

城市旅游研究有长期的历史.文章从新的角度较为系统地综述了城市旅游这个并不新颖、但却值得深入探索的问题,在西方文献的基础上提出了一些关于城市旅游发展创新性的思想和理论构架,并指出了未来几个重要的研究方向,如城市中旅游集聚造成的拥挤问题、城市遗产类旅游资源空间格局研究(包括非物质文化遗产的空间分布对城市发展的影响)、城市旅游规划中广泛存在的“复制与粘贴”问题对城市旅游竞争力的损害以及城市舞台化旅游发展中存在的种种问题等.在此基础上,文章结合中国城市旅游发展的研究现状,提出中国城市旅游发展可以借鉴的一些国际先进经验,以及在借鉴这些经验过程中需要注意的问题.     

Documenting the unauthorized: Political responses to unauthorized immigration

Cultural prejudice rather than self interest is the conventional wisdom for why voters respond negatively to immigration. Using a new measure of unauthorized immigrants based on self‐reported invalid social security numbers, we show that voters’ responses are more nuanced than mere prejudice against minorities. Using county level data from the U.S. state of Georgia, we find that voters in counties with above median levels of unauthorized workers are more likely to support the Republican Party. We also find that wealthier counties and wealthier voters are most likely to respond negatively to the unauthorized. Our evidence warns against arguments that depict opposition to immigration as motivated solely by xenophobia and cultural fears among lower income Whites.