International market interdependence and learning-by-doing in a risky world

International Market Interdependence and Learning-by-Doing in a Risky World. — This paper explores the role of international financial markets for the dynamic evolution of comparative advantage in a small economy. In a world where learning-by-doing alters labor’s productivity over time, the current allocation of labor across industries determines the future productivity of labor in each industry and future comparative advantage. The presence of technological uncertainty that is imperfectly correlated across two industries affects the current labor allocation and, thus, future industry-specific labor productivity. The introduction of international financial markets to this stochastic environment influences current resource allocations, future labor productivity, and consequently, the future path of comparative advantage.     

Trade liberalization through asset markets

Political-economy expositions of trade policy have traditionally described asset or factor ownership as not subject to change. Asset markets, however, allow individuals to change the composition of income sources. We consider an economy with stochastic productivity to show how the equilibrium composition of asset portfolios influences individual attitudes toward free trade. The model links financial market completeness and trade liberalization in the second half of the 20th century and provides a contributing answer to why governments in poorer countries without well-developed financial markets have failed to liberalize trade.     

Risk Aversion and International Markets: Does Asset Trade Smooth Real Income?*

In a two-country model, complete asset markets do not guarantee that individuals will choose to eliminate all (diverifiable) risk in aggregate consumption. the presence of nontraded goods forces individuals to choose between reducing uncertainty in aggregate consumption and in the composition between traded and nontraded goods. This choice depends on a comparison of the standard coefficient of relative risk aversion with a second type of risk aversion that becomes relevant when nontraded goods are present, one that captures aversion to risk in composition. Regardless of the decision made, asset trade always reduces the risk premium.     

IT-enabled awareness and self-directed leadership behaviors in virtual teams

Despite the pervasiveness of self-managing virtual teams, organizations find it particularly challenging to motivate virtual team members to exhibit and manage their leadership behaviors. This study contributes to virtual team leadership literature by specifically shedding light on how distinct awareness forms enabled by information technology (IT) signal important cues to virtual team members to self-lead, that is, self-direct their leadership behavior in their team. Our results reveal that IT-enabled disclosure awareness is key to inducing several leadership behaviors: directive leadership, supportive leadership and interpersonal helping. Further, for directive leadership and interpersonal helping, the relationship is contingent on IT-enabled task knowledge and IT-enabled presence awareness. At low IT-enabled task knowledge awareness or high IT-enabled presence awareness, virtual team members who perceived IT-enabled disclosure awareness employed directive leadership and interpersonal helping. Opposite results were found at high perceived IT-enabled task knowledge awareness and low perceived IT-enabled presence awareness. This research highlights the critical role played by specific awareness forms enabled by IT in motivating virtual team members to engage in self-leadership.     

Electronic Participation Technologies and Perceived Outcomes for Local Government Managers

Abstract

US local governments are under increasing pressure to adopt electronic participation technologies to engage stakeholders in decision-making. The choice set of technologies and the ease with which they can be applied, has potentially increased the complexity of the context within which managers operate. Using data from a national survey of 850 government managers in 500 cities, we investigate whether different channels of e-participation technology and the intensity of e-participation technology use are associated with managers' perceptions of outcomes. We find that the relationships between complexity of e-participation technology and perceived outcomes depend upon the type of external stakeholder group considered.     

Electronic monitoring in public organizations: evidence from US local governments

Technology use in the workplace expands the ability to monitor employees through activities such as website tracking, email scanning, and social media monitoring. Monitoring is a fundamental aspect of the relationship between organizations, employees, and stakeholders and can affect perceptions of privacy, autonomy, and trust in the workplace. However, electronic monitoring is little investigated in public management research and we have minimal knowledge about the factors that prompt public managers to adopt electronic monitoring. Focusing on small- and medium-sized US municipalities, we investigate types of electronic monitoring and how organizational, sociopolitical, and technological factors shape electronic monitoring intensity. We test our hypotheses with data from a 2014 national survey of 2,500 local managers, website coding data, and US Census data. We find that electronic monitoring, especially monitoring online activities, is a response to organizational centralization, participation of internal stakeholders, social media use, and technology concerns.     

Objective Formalization,Perceived Formalization and Perceived Red Tape

Abstract

This research uses survey data and count data of formal rules in a Dutch organization to investigate the relationships between an objective measure of formalization and subjective measures of formalization and red tape. We find that red tape perceptions are related to perceptions of formalization. Second, we find that perceived formalization is weakly, significantly related to objective measures of formalization but that objective formalization measures do not correspond to higher levels of red tape perceptions. We conclude that red tape and formalization are distinct concepts, but question the claim that formalization is a necessary condition for red tape.     

Acceptance of Functional Foods: A Comparison of French, American, and French Canadian Consumers

Food products have diversified with industry globalization. To market functional foods efficiently, food managers must gauge cross‐cultural variance of functional food acceptance. Expanding on previous research, we investigate young consumers' acceptance of functional foods. Data collected in French Canada, United States, and France in 2004 reveal that business students are slightly in favor of functional foods, and associate health benefits with these foods but very few product‐related benefits. Students do not have strong opinions on the trustworthiness of information and expressed a slight interest in purchasing this type of product. Analyses of cultural differences revealed significant, albeit small, divergence in these variables. Statistical analysis performed on the full sample assessed the impact of food attitudes and other cognitive and attitudinal factors on the general attitude toward functional foods. Health and product‐related benefits and belief about the credibility of information are the main positive determinants of the acceptance of functional foods, followed by high knowledge. Apart from the negative impact of Neophobia, none of the other food attitudes influences attitudes toward functional foods. Linear regressions performed on each subgroup indicated similar positive cross‐cultural results for health and product‐related benefits. However, cross‐cultural differences are detected for knowledge, credibility of information, and food attitudes that influence acceptance of functional foods. Les produits alimentaires se sont diversifiés avec l'avènement de la mondialisation. Pour commercialiser efficacement les aliments fonctionnels, les gestionnaires du secteur alimentaire doivent évaluer l'acceptation des aliments fonctionnels par les diverses cultures. À partir de travaux de recherche antérieurs, nous avons examiné l'acceptation des aliments fonctionnels par les jeunes consommateurs. Des données recueillies en 2004 au Canada français, aux États‐Unis et en France ont révélé que les étudiants en commerce étaient légèrement en faveur des aliments fonctionnels, leur associaient des avantages pour la santé, mais très peu d'avantages liés aux produits. Les étudiants n'avaient pas une très bonne opinion concernant la crédibilité de l'information et ont manifesté un faible intérêt pour l'achat de ces produits. Des analyses des différences culturelles ont révélé des divergences, petites mais significatives. Les analyses statistiques effectuées sur l'échantillon total ont évalué l'impact des attitudes envers les aliments ainsi que d'autres facteurs cognitifs et attitudinaux sur l'attitude générale envers les aliments fonctionnels. Les avantages pour la santé, les avantages liés aux produits et les croyances concernant la crédibilité de l'information sont les principaux facteurs favorables à l'acceptation des aliments fonctionnels, suivis d'un degré de connaissances élevé. Outre l'impact négatif de la néophobie, aucune autre des attitudes envers les aliments n'influe sur les attitudes envers les aliments fonctionnels. Les régressions linéaires effectuées pour chaque sous‐groupe ont indiqué des résultats positifs similaires. Toutefois, nous avons noté des différences interculturelles quant à la connaissance, à la crédibilité de l'information et aux attitudes envers les aliments qui influencent l'acceptation des aliments fonctionnels.     

An assessment of the reliability and validity of husband and wife self-report purchase decision making measures

An assessment was made of the reliability and validity of self-report measures of three separate constructs hypothesized to operate in husband and wife decision making for durable goods purchases. In addition to the traditional construct of Influence, Importance, and Participation in the decision were also examined through the use of constant sum scaled responses for both husbands and wives. Following Davis’ (1976) admonition to focus on the decision process, the present study conceptualized the purchase decision as consisting of three stages with multiple subdecisions in each stage. The results of a multitrait-multimethod matrix analysis support the use of a constant sum scaling approach to measuring the three constructs. The findings also indicate the existence of two dimensions within the purchase decision process for the durable goods of automobiles and family room furniture. These dimensions were labeled resource allocation and variant selection decisions. The findings also suggest that importance is a global construct in decision making while influence and participation are more purchase situation specific.