Anxiety of dependency in international joint ventures? An empirical study of drivers and consequences of relationship insecurity

This research introduces and delineates the concept of insecurity in IJV relationships. We define relationship insecurity as a parent firm's concerns about the continuance of the alliance arrangement and its partner's future provision of need satisfaction. According to interdependence theory, exchange partners that experience high dependence inevitably experience this ‘anxiety of dependency’, and the emergence of insecurity can destabilize the working relationship from within. We develop a conceptual model of the drivers and consequences of relationship insecurity in IJVs. Our survey results from 125 IJVs indicate that focal firm dependence and partner firm dependence both negatively affect insecurity, though the former is the dominant predictor. This surprising finding implies IJV partners experience ‘anxiety of low dependency’. The results suggest insecurity not only reduces directly IJV performance, but also lowers the quality of interpartner communication, which in turn dampens performance. Implications of these results are discussed.     

Facets of narcissism and leadership: A tale of Dr. Jekyll and Mr. Hyde?

Research on narcissism continues to develop at a rapid pace. Yet, researchers from different disciplines are still divided over whether narcissists are good versus bad leaders. On the one hand, narcissists' bright qualities (e.g., charisma) are associated with positive outcomes at different levels of analysis from subordinates, to peers, and the organization as a whole. On the other hand, however, narcissists' dark qualities (e.g., entitlement) are associated with a number of counterproductive work behaviors, causing organizations to falter. The present article adds to and extends the traditional good-versus-bad debate about narcissistic leadership and pursues three goals: (a) to critically review the literature on narcissistic leaders and their behaviors in the workplace, (b) to provide tangible recommendations for how to best assess, select, and develop narcissistic leaders, and (c) to highlight future directions and ongoing challenges ahead in the field of narcissistic leadership.     

组织创新的消极影响:创新研究中的盲点

创新带来的消极影响开始引起学术研究者和管理实践者的关注。从组织创新的概念界定出发,辨析创造力和革新的区别与联系,综述创新在个体层面、团队层面以及组织层面可能产生的消极影响,从前因变量和调节变量两个方面探讨创新产生消极影响的原因,指出未来研究不应忽视创新的消极影响,而应更加科学地解释组织创新的效能。     

Dismantling terrorist networks: Evaluating strategic options using agent-based modeling

Dismantling dark networks remains a critical goal for the peace and security of our society. Terrorist networks are the most prominent instantiation of dark networks, and they are alive and well. Attempts to preemptively disrupt these networks and their activities have met with both success and failure. In this paper, we examine the impacts of four common strategies for dismantling terrorist networks. The four strategies are: leader-focused, grassroots, geographic, and random. Each of these strategies has associated pros and cons, and each has different impacts on the structure and capabilities of a terrorist network. Employing a computational experimentation methodology, we simulate a terrorist network and test the effects of each strategy on the resiliency of that network. In addition, we test scenarios in which the terrorist network has (or does not have) information about an impending attack. Our work takes a structural perspective to the challenge of addressing terrorist networks. Specifically, we show how various strategies impact the structure of the network in terms of its resiliency and capacity to carry out future attacks. This paper also provides a valuable overview of how to use agent-based modeling for the study of complex problems in the terrorism, conflict studies, and security study domains.     

Corrigendum to “Dark tourism,abjection and blood: A festival context” [Tourism Management 64 (2018) 346–356]

Dark tourism and its implications have been gaining significant prominence in both the literature and in practice in recent years. Moving conceptualizations of dark tourism forward, we utilize the interpretative phenomenological frame to investigate the interrelationships between tourism and current conditions of society. We do this by qualitatively studying tourists' experiences while in the process of attending dark tourism oriented music festivals that prominently feature direct confrontation with abjection. Our findings indicate that these abjection-oriented festivals allow tourists to encounter blood, animal corpses and other death elements in a ritual-like context within the confines of a transitory space. Ultimately, our research reveals how dark tourism festivals featuring abjection can allow some tourists to feel closer to actual death.     

Macroeconomic adjustment with managed exchange rates and capital controls: Some lessons from China

This paper examines the performance of capital controls and exchange-rate management when the economy finds itself in dark corners. These are times when the real sector experiences a sequence of prolonged negative shocks from world demand, while the central bank faces low world interest rates on its foreign-exchange reserve holdings. We examine two regimes, one of a fixed exchange rate with strong capital controls and another with a more open capital account with a managed exchange rate. We show how this model replicates recent experiences of China as it moved from a relatively fixed exchange rate regime with strong capital controls to a more flexible exchange rate regime with a more open capital account. Our results show that capital-account liberalization should be accompanied by domestic price liberalization to avoid large losses in foreign exchange reserve and jumps in unemployment during dark corners in the more open regime.     

安化黑茶的审美表现

安化黑茶历史悠久,制作古朴,呈现出沧桑原始之美。茶叶外形粗糙,凸显遒劲神韵和原始、粗犷之美。在清幽环境中,观红橙汤色,品黑茶淡淡的松烟香,更是一种于物质中寻求超物质的独特享受。黑茶具有多种功效,给人的身心以美的享受。黑茶以陈显优,一度成为收藏佳品。     

City goes dark: Dark trading and adverse selection in aggregate markets

We investigate the impact of dark trading on adverse selection in an aggregate market for trading UK stocks. Dark trading is linked to lower adverse selection risk and improved informational efficiency and liquidity in the aggregate market, even as liquidity declines in the lit market with dark trading. However, there is a trading value-based threshold when dark trading starts to induce adverse selection. We estimate that this threshold varies from around 9% for the most liquid stocks to 25% for the least liquid stocks. The overall average threshold for the 288 FTSE 350 stocks in our sample is 14%.     

Turning to the dark side: Challenging the hegemonic positivity of the creativity discourse

Using a Laclauian discourse approach this paper challenges the hegemony of articulations framing creativity as good, necessary, and as a source of valuable outcomes for organizations and individuals. Instead, this paper argues that creativity has a ‘dark side’, referring to that which is harmful and may result in pain, loss or suffering. We analyze and expose the hegemonic positivity of the creativity discourse within organization studies and discuss the implications of this hegemony. We conclude that the dark side of creativity has been subverted in the discourse and requires further scholarly exploration. To promote a greyer research agenda of creativity in organizations, we offer three theorizations of the dark side of creativity as antagonisms to the hegemony – the individual, collective, and critical. By challenging the hegemonic positivity of creativity and by providing a number of research imaginaries, this paper invites scholars to broaden the discourse and to embrace a more greyer understanding of creativity in organization studies.     

Transform analysis for Hawkes processes with applications in dark pool trading

Hawkes processes are a class of simple point processes that are self-exciting and have a clustering effect, with wide applications in finance, social networks and many other fields. This paper considers a self-exciting Hawkes process where the baseline intensity is time-dependent, the exciting function is a general function and the jump sizes of the intensity process are independent and identically distributed nonnegative random variables. This Hawkes model is non-Markovian in general. We obtain closed-form formulas for the Laplace transform, moments and the distribution of the Hawkes process. To illustrate the applications of our results, we use the Hawkes process to model the clustered arrival of trades in a dark pool and analyse various performance metrics including time-to-first-fill, time-to-complete-fill and the expected fill rate of a resting dark order.