The Productive Tension of Trust and Distrust: The Coexistence and Relative Role of Trust and Distrust in Online Banking

This study examines the effects of trustworthiness perceptions and trustor dispositions on trust and distrust as well as the downstream influence of trust and distrust on intention to use online banking. More than 500 college students located across two universities completed a survey to provide data for the study. The findings from this study suggest that the “blind trust” and “blind distrust” perspectives used in isolation are incomplete and that a more comprehensive model of trust requires the inclusion of both perspectives. As hypothesized, results also support the assertion that trust and distrust are distinct constructs and that the established e-retailing trust nomological network holds in an online banking context. The study also contributes to the literature by establishing several distrust antecedents, as well as illustrating distrust's negative effect on intention to use online banking. Finally, the study illustrates how the influence of trust can overwhelm the effect of distrust in an online banking context.     

The Role of Religious and Nationalist Ethics in Strategic Leadership: The Case of J. N. Tata

This paper examines the role that religious ethics, complemented by a nationalist principle, can play in a sustained exercise of strategic leadership, hypothesizing a positive association with a societal reputation for credibility or integrity. The key to this relation is the constraining effect on strategic or financial pressures, even if there is coherence in the long-term. J. N. Tata, the founder of Tata Industries who lived in British India, was a Parsee priest and an advocate for Indian national self-reliance and ultimately independence. Even as Tata's two ethics dovetailed with his business interests in the long-term, they conflicted sufficiently with the business calculus of some of his immediate and intermediate strategic interests such that he could enjoy a sterling societal reputation in India, his credibility transcending that of a businessman.     

Who received what,where in the Free State? An assessment of post-apartheid housing delivery and policy (1994–98)

This article reflects on the differences and similarities between the housing policies of the World Bank and that of South Africa. It also focuses on the application of South African policy in the Free State and especially pays attention to who the end-beneficiaries are, what the end-product is and what the regional and locational priorities of housing investment are. Furthermore, this article assesses the spatial distribution of housing subsidies, the income levels of end-beneficiaries, and the type of end product that has been delivered. Among other things, it concludes that cities in the Free State have been neglected in terms of housing investment, that the majority of end-beneficiaries fall in the lowest income category, and that double subsidisation has been a common phenomenon in the Free State. A number of critical reflections are also made in terms of future housing policy.     

Aristotle’s Natural Wealth: The Role of Limitation in Thwarting Misordered Concupiscence

I argue that Aristotle’s approach to the proper type of acquisition, use-value, want, and accumulation/storage of wealth is oriented less to excluding commercial activity, such as that of Aristotle's Athens, than to forestalling misordered concupiscence – the taking of an inherently limited good for the unlimited, or highest, good. That is, his moral aversion to taking a means for an end lies behind his rendering of the sort of wealth that is natural. By stressing the limited nature of natural wealth, Aristotle distinguishes such wealth qua limited from an artificial unlimited desire for profit in order to drive home his point that wealth ought not be taken as an objective good (i.e., good in itself).     

Fueling the Credit Crisis: Who Uses Consumer Credit and What Drives Debt Burden?

Excessive household debt contributed to the worst recession in decades. Insights about borrowing and spending behavior can inform economic recovery forecasts, policy decisions, and financial education. This study identifies life cycle and credit attitude as key determinants of who uses debt. Younger households are more likely to borrow for consumption, as are those who believe that it is all right to borrow to purchase luxury goods or cover living expenses. Furthermore, households that condone borrowing for these purposes have a higher consumer debt burden. Debt capacity (or creditworthiness) and financial discipline are also significant factors in determining household debt use.     

The Role of Integrity as a Mediator in Strategic Leadership: A Recipe for Reputational Capital

In the context of a crisis of confidence in executive leadership in corporate America, this paper examines the role of integrity as a mediator within strategic leadership and its impact on credibility in reputational capital. A tension can occur within strategic leadership between the elements of strategic planning and leadership vision. This tension can destroy the credibility of reputational capital unless strategic leadership is managed effectively. Integrity can be used as the glue providing for credible leadership vision amid a strategic perspective oriented to competitive pressures, thereby enabling strategic leadership to contribute to a sustainable competitive advantage. A strategic leadership audit is presented as a tool by which strategic leadership and reputational capital can be managed.     

The identification of towns in the Free State for an urban upgrading and development programme: A proposed method for consideration

This article describes how small towns in the Free State were assessed for a German‐South African urban upgrading and development programme. The assessment first determined where the programme would have a significant impact on the recipient community and, secondly, where it would have a high probability of success. Two criteria were used: quantitative (settlement types, demographic and economic trends, financial and management capacity and performance, and access to services and housing) and qualitative (level of community‐based participation in existing projects, the spirit of the place, economic potential and delivery record in terms of projects). These criteria reduced the number of appropriate towns to eight. A provincial steering committee (representing the political dimension) was appointed to incorporate the towns into the programme. They are representative of towns across the province, as well as a variety of settlement types. This method can be considered on a provincial or regional basis elsewhere for evaluating and ranking small towns for development support.     

A Behavioral Life-Cycle Approach to Understanding the Wealth Effect

The somewhat surprising strength in consumer spending in recent years has focused renewed attention on the much-debated wealth effect, the notion that when individuals feel wealthier, they consume more. This study utilizes survey data to examine the wealth effect within the context of the behavioral life-cycle model of savings. The results indicate that the likelihood of households spending more when their assets increase in value decreases with the portion of assets held in home equity. This unexpected finding is due to homeowners responding to the perceived wealth gain from increased home values by cashing out their equity. The likelihood increases with the portion of assets held in stock outside of retirement accounts, but is not significantly related to the portion of assets held in stock overall. Moreover, households that have a full-time income earner, are homeowners, have more education, have a younger household head, or expect economic growth, are more likely to report a wealth effect. Households that utilize savings “rules of thumb” are less likely to report a wealth effect. These results can be used to improve the wealth effect specification in consumer demand models and assist firms to target consumer markets.