Territorial Integrity: Rethinking the Territorial Sovereign Right of the Existence of the States

Legal contemporary doctrine has a reified approach to the state. This has led to the perception that territorial integrity is the completeness/unity of the state territory. Amazingly international relations and political geography scholars have not enquired about the link between territoriality and territorial integrity. In essence the principle of territorial integrity is the elaborated and sophisticated legal expression of territoriality. It is intimately linked to the state as a legal entity the main objective of which is to ensure its perennial existence within a specific territory whose borders have been established in accordance with international law.

I think that the life of an institution implies that we are able to criticize, to transform, to open the institution to its own future. So the law as such can be deconstructed and has to be deconstructed. That is the condition of historicity, revolution, morals, ethics, and progress. (J. Derrida)     

Can the Japanese Economy Rebound?

The Japanese economy has begun to show signs of recovery from its deepest post WWII recession. Although it is generally acknowledged that the recovery is not based on solid foundations, there is elation within Japan regarding the prospects for renewed economic growth. Yet little or no attention seems to be paid to what is happening to Japanese technological innovation, the engine that drives growth. The article shows that the impressive technological excellence of the famed Japanese companies is simultaneously accompanied by a decline in overall Japanese technological innovation. This is attributed to the dual nature of the Japanese economy, where super‐strong exporting industries co‐exist with super‐weak domestic sectors, and to Japan's adherence to outdated perceptions and policies. However, the potential for recovery is within reach: galvanise the backward leg of the dual economy and healthy growth would ensue; restore confidence in the healthy leg and things would be better still; add to this a recipe for responsible macroeconomic management and the prospects would be rosier.     

The effects of ownership structure,sub-optimal cash holdings and investment inefficiency on dividend policy: evidence from Indonesia

Review of Quantitative Finance and Accounting - We investigate how a firm’s decision to hold excessive cash or to overinvest could influence its dividend payout policy in Indonesia....     

The unintended consequences of voluntary adoption of clawback provisions on managerial ability

I investigate the impact of the voluntary adoption of clawback provisions on managerial ability and predict that clawback provisions will motivate managers to exert more efforts following the adoption of clawback and these efforts will be in the form of an increased managerial efficiency. Using a propensity score matched sample of firms, I find a significant positive association between voluntary clawback adoption and the change in both rank and score of managerial ability. My study highlights the unintended consequences of clawback provisions on CEO's behavior and contributes to the on-going debate on the importance of proactively and carefully drafting clawback policies, further signifying the importance of the SEC's efforts (Rule 10D-1) to enforce clawback policies.     

Trading places: An experimental comparison of reallocation mechanisms for priority queuing

In a laboratory experiment, we compare two auction mechanisms that are designed to improve a queue's efficiency by allowing customers to trade places. In the server‐initiated auction, the server, when idle, sells the right to be served next to the highest bidding customer in the queue and distributes the proceeds among the remaining customers. In the customer‐initiated auction, new arrivals can sequentially trade places with queued customers. We use two novel experimental protocols to examine the behavioral properties of both auction mechanisms. We find that both auction mechanisms improve a queue's efficiency on average and that both perform equally well in terms of efficiency gain. We also find evidence of the sunk‐cost effect but not of the endowment effect. Participants indicated that they found the server‐initiated auction a fairer mechanism than the customer‐initiated auction. When voting between the two auctions, the participants tended to favor the server‐initiated auction.     

Do people trust more when they are happy or when they are sad? Evidence from an experiment

This paper deals with the role played by incidental emotions on trust decisions. Based on a laboratory experiment with monetary incentives, we explore the way positive and negative emotions impact transfers in a trust game. In addition, we investigate the mechanism through which risk intervenes in the relationship between emotions and trust. Our results suggest that negative emotions influence trust positively, whereas positive emotions decrease trust. This effect disappears once risk is included to the game. Furthermore, we found that transfer in the trust game is driven by other‐regarding preferences and by risk preferences.     

A Stackelberg game-based approach for interactions among Internet service providers and content providers

NETNOMICS: Economic Research and Electronic Networking - This paper studies non-neutral market share where Internet service providers (ISPs) charge content providers (CPs) for the content delivery....     

Effects of Advice on Auditor Whistleblowing Propensity: Do Advice Source and Advisor Reassurance Matter?

Journal of Business Ethics - We conduct an experiment to investigate the joint effects of advisor reassurance and advice source in enhancing the impact of advice on auditors’ whistleblowing...     

WHAT AFFECTS EFFICIENCY IN LABOUR MARKET MATCHING AT DIFFERENT TERRITORIAL AGGREGATION LEVELS IN POLAND?

We analyse efficiency of a labour market matching process at different levels of territorial aggregation and in different time horizons. We apply a stochastic matching frontier to random, job queuing and stock‐flow models. We use data for Poland, a country with highly regionally diversified unemployment. We find that search and matching mechanisms significantly differ with territorial aggregation. Higher efficiency in small regions results from lower frictions. Larger regions enjoy better structural matching if only labour market participants have time to search. Different policy measures should be designed to improve labour market matching efficiency at different regional levels.