A tale of six states: How similar are the Gulf Cooperation Council countries?

This paper reports the convergence rates for the Gulf Cooperation Council (GCC) countries using a Bayesian shrinkage estimator. The estimated convergence rates using a panel dataset covering period from 1972 to 2008 across six countries vary from 9% to 22% per year. The results of a Bayesian change point calculations indicate that following a dramatic change in the crude oil prices in 1985, the pattern of σ-convergence reversed. Based on the estimated steady states for each country, the rank order is hypothesized to be a function of the percentage of foreign workers in the labor force.     

Why Hurry? The Slow Process of High Growth in Women‐Owned Businesses in a Resource‐Scarce Context

This article critically uncovers how embeddedness within a resource‐scarce context influences high‐growth women’s entrepreneurship. Research suggests that though highly embedded women entrepreneurs can easily access resources and attain legitimacy, resulting in high‐growth businesses, they can also become locked into existing systems that constrain their growth development paths. Using 16 qualitative cases developed in Cameroon, we unpack and resolve this paradox by analyzing how entrepreneurial path creation by women entrepreneurs enables the realization of growth aspirations. Implications for initiatives to support high‐growth women’s entrepreneurship in resource‐scarce contexts are critically examined.     

Price‐cost Margins and Economic Integration: How Important is the Pro‐competitive Effect?

In this paper, we examine whether the so‐called pro‐competitive effect holds when two countries integrate by forming a common market. We propose a general framework of reference, where the price‐cost margin of domestic firms depends on a set of variables in addition to trade costs with the partner country, which might eventually offset the conventional result.     

The Icelandic Banking Crisis: A Reason to Rethink CSR?

In the fall of 2008, the three largest banks in Iceland collapsed, with severe and lasting consequences for the Icelandic economy. This article discusses the ??Icelandic banking crisis?? in relation to the notion of corporate social responsibility (CSR). It explores some conceptual arguments for the position that the Icelandic banking crisis illustrates the broad problem of the indeterminacy of the scope and content of the duties that CSR is supposed to address. In particular, it is suggested that the way the banks in question conceived of CSR, i.e. largely in terms of strategic philanthropy, was gravely inadequate. It concludes by proposing that the case of the Icelandic banking crisis gives us a reason to rethink CSR.     

The Constitutional Structures of the National Political Economy: Barrier to or Precondition for European Integration?

The Court of Justice of the European Union is increasingly dedicated to the pursuit of economic efficiency. As this article will demonstrate, this has led to diagonal conflict between European legal pronouncements on the free movement of labour within a services regime and national jurisprudence on democratically-legitimated public procurement policies within distinct state aids regimes. Where once the CJEU treated public procurement as a distinctive part of the EU’s state aids regime, or one which might be reconciled with redistributive ethical and social concerns maintained at national level, the application of the EU services regime to procurement has placed this traditional understanding in doubt. This re-alignment, however, as well as the supranational-national conflict that it has created, reflects both the deeper mismatch both between European economic and national social competences, as well as friction between national and European conceptions of constitutional legitimacy. Such tensions must be overcome in order to secure continuing legal integration within Europe.     

The West and China: Shake‐up in global banking?

The global recession of 2007–2009 is altering the structure of the global banking industry. Many Western banks suffered after the fallout of the subprime mortgage market in 2007 and are having to respond to the policy ramifications of the crisis and recession. China's banks, however, have undergone performance improvements in a number of areas, both leading into and during the crisis, and they are now emerging as significant players in the global banking market.¹ This “shake‐up” in global banking is occurring in five areas: independence, profitability, market focus, business models, and talent. © 2011 Wiley Periodicals, Inc.     

Anti‐dumping: What are the Numbers to Discuss at Doha?

While tariff barriers have decreased worldwide through various GATT rounds, anti‐dumping has surged to play a crucial role as the most important non‐tariff barrier. After much debate and opposition, anti‐dumping is on the agenda of the Doha round of multilateral trade negotiations and it is one of the most important issues, especially for developing countries as they are the main targets of this policy instrument. With this prospect, it is important to assess the relevance of anti‐dumping not only by focusing on traditional users but by analysing the experience of new users, which are now major players in the field. This paper improves upon existing studies by providing a comprehensive assessment on the use of anti‐dumping. First, data on the time pattern of worldwide implementations of anti‐dumping laws are presented. This time profile shows interesting relationships with legal developments in GATT and WTO dispositions. Second, usual sources of data are complemented with various other sources. This allows the inclusion of recent heavy users like China, Russia, Taiwan and Ukraine, which are ignored in similar studies but important for their trade volumes. This enlarged and updated dataset shows that new users are even more important than previously thought, with implications for the Doha negotiations.     

The carbon‐conscious‐consumer? A causal model for the product carbon footprint of asparagus at the consumer stage

Tools to measure climate impacts, such as a product carbon footprinting (PCF), have gained increasing attention in recent years. Our study shows that it is possible to develop a valid structural equation model for a PCF for the example of the use phase of asparagus on the basis of empirical data generated by a panel survey. The parameters considered in the model are environmental and sustainability‐related attitudes, sociodemographics and a technical component. The results show that the age of the technical component has effect on the PCF, an older technical component having an increasing impact, while a high degree of environmental concern has a decreasing effect.     

Scared Stiff? The Effectiveness of Threat Appeals in Counseling Services Advertising to High‐Anxiety Students

This exploratory study proposes and tests a theoretical model that analyzes threat appeals in regard to their effectiveness for high‐anxiety students, one of the major target groups for counseling services. In particular, affective and cognitive responses to a threat appeal advertisement and their effects on attitude toward the advertisement and behavior are examined. The results suggest that a strong threat appeal is not effective for counseling services but that positive emotions toward the advertisement and cognitive involvement have a positive impact on advertising outcomes. The study contributes further to knowledge of threat appeal effectiveness, targeting “anxious” audiences.     

Does gender influence managers’ ethics? A cross‐cultural analysis

The relationship between gender and ethics has been extensively researched. However, previous studies have assumed that the gender–ethics association is constant; hence, scholars have seldom investigated factors potentially affecting the gender–ethics association. Thus, using managers as the research target, this study examined the relationship between gender and ethics and analyzed the moderating effect of cultural values on the gender–ethics association. The results showed that, compared with female managers, their male counterparts are more willing to justify business‐related unethical behaviors such as bribery and tax evasion, and that the gender difference in ethics becomes more pronounced under the cultural dimensions of collectivism, humane orientation, performance orientation, and gender egalitarianism. This study used data obtained through surveying 2,754 managers in 27 nations.     

The Trans-Pacific Partnership:A High Barrier Agreement?

TPP is not only a simple FTA but a Sample Agreement that has high hope from USTR (Office of the United States Trade Representative).There are those who are concerned that the TPP is an attempt by the United States to promote American hegemony.What is the true aim of TPP? Why does the United States push forward it? This article will offer some insights.     

How do countries respond to anti‐dumping filings? Dispute settlement and retaliatory anti‐dumping

Empirical studies have found that countries may respond strategically to the anti‐dumping petition filed against their exporters through their own retaliatory actions. Although most previous studies have focused on retaliatory anti‐dumping filings, in this paper we explore another potential avenue for strategic response—filing a complaint under the World Trade Organization's (WTO ) dispute settlement understanding. Using a panel of global anti‐dumping filings between 1995 and 2011, we analyse under what conditions countries will choose to retaliate through either an anti‐dumping petition or a WTO dispute, and to what degree these two strategies are complementary or act as substitutes. We find statistical evidence that countries are more likely to file a WTO dispute when they have also filed a retaliatory anti‐dumping petition, suggesting that these two strategies may be complementary.     

The omni-channel approach: A utopia for companies?

There has been a shift towards providing a seamless consumer journey experience in the retail industry, resulting from a customer-centric approach. In the new paradigm, channels are becoming more intertwined and intricate, and ultimately more companies are embracing the omni-channel alternative. However, this alternative seems to be difficult for companies to operationalize. Such difficulty is due to several factors that need to be identified and disentangled. Therefore, in this study we consider the barriers faced by firms and categorize them to understand whether it is possible to successfully implement the omni-channel approach. We use four case studies to investigate the obstacles, looking for brands that operate in different industries, represent different levels of channel integration and have had different experiences in the retail industry. We identify two types of obstacles: internal, including operational and strategic barriers (employee-related, organizational and vision-related factors); and external, including product-related, customer-related, legal and competitive drivers. We propose a theoretical framework that shows the scope of industry drivers affecting the implementation of an omni-channel strategy, as well as a model showing how internal and external factors affect the evolution of channel integration. As a result, we claim that for some industries and products, even if internal obstacles are significantly reduced, because of industry drivers, successful implementation of the omni-channel approach may ultimately be a utopia.     

Desire to be ethical or ability to self‐control: Which is more crucial for ethical behavior?

Promoting ethical decisions and behaviors is challenging for any organization. Yet managers are still required to make ethical decisions under conditions which deplete their self‐control resources, such as high stress and long hours. This study examines the relationships among symbolic and internal moral identity, self‐control, and ethical behavior, and investigates whether self‐control acts as the mechanism through which moral identity leads to ethical behavior. Findings indicate that internal moral identity overrides symbolic moral identity in the relationship with self‐control and that self‐control fully mediates the relationship between internal moral identity and ethical behavior. The implications for organizations is that while rules, procedures, and ethics training are useful, managers with a strong moral compass will be more likely to practice self‐control leading to more ethical behaviors.     

ASEAN‐China Free Trade Area: A Bane or Boon for ASEAN Countries?

At the ASEAN Summit in November 2000, the leaders of ASEAN and China agreed to enhance economic cooperation and integration with the goal of establishing an ASEAN‐China Free Trade Area (FTA). This decision was a natural response to a number of important global and regional developments of the past decade. Since the signing of the framework agreement, policymakers from China and ASEAN member states have already started their negotiations on the specific terms and features for this proposed FTA. While such an FTA would hold the potential of yielding enormous economic benefits, it also causes some sense of apprehension and uncertainty in some quarters, due to the common perception that China is already a strong competitor in trade and attracting foreign investment. To examine the economic basis for such concern, this paper analyses the economic implications of this proposed free trade area from the ASEAN economies’ perspective. Specifically, it examines how competitive ASEAN countries are vis‐à‐vis China, evaluate the scope for strengthening China‐ASEAN trade and the impediments facing Chinese and ASEAN investors in each other's markets, and recommends policy measures to maximise the benefits and minimise the hardships resulting from an ASEAN‐China FTA.     

Is FTA/EPA effective for a developing country to attract FDI? The knowledge‐capital model revisited

To prepare an answer to the question of how a developing country can attract foreign direct investment (FDI), this paper explored the factors and policies that may help bring FDI into a developing country by utilising an extended version of the knowledge‐capital model. With a special focus on the effects of a free trade agreement (FTA) or an economic partnership agreement (EPA) between a pair of market and non‐market countries, simulations with the model revealed the following: (i) although FTA/EPA generally tends to increase FDI to a developing country, the possibility of improving welfare through increased demand for skilled and unskilled labour decreases as the size of the country grows; (ii) a developing country may suffer severe welfare losses through FTA/EPA if the availability of skilled labour is extremely limited; and (iii) a developing country can enhance welfare gains from a FTA, and it is even possible to recover the welfare effects from negative to positive, by making the arrangement an EPA.