Tianjin Greeting the Glorious 21st Century

By the turn of the century, the people of Tianjin are confident of greeting the glorious 21st century with tremendous achievement they have made since the beginning of the reform and opening up. From the historical perspective, with our foresight and perspective view, and with our dauntless spirit, we, the biggest port city in North China, will grasp the historical opportunity provided by the booming economic development in China and Asia for the 21st century, bring into play Tianjin's advantages in geography,     

Beijing Garments To-wards the 21st Century

In September 1996, the "Touring Show of World Fashion Towards the 21 st Century" sponsored by UNESCO, was held in Beijing. The show was also held in other three other cities: Milan, Tokyo and Paris, all capitals of world fashion. The prophecy that Beijing will become the capital of world fashion in the 21st century made by UNESCO officials will surely come true.     

China and India Cooperation Prevailing over Competition in the 21st Century

China and India, the two largest de veloping countries in the world, are similar in economic structure and development level, both engaged presently in the national drive of rejuvenating their countries by science and education. Their bilateral relations influence stability and prosperity of Asian and Pacific Region and the world as a whole. The article attempts to argue from various perspectives that the mutual cooperation between the two giants may prevail over the competition in the 21st century.     

Li Lanqing on China's Striding towards the 21st Century

At the "1995 China Summit", and international economic forum, held not long ago, Vice-Premier Li Lanqing made a report entitled "China is striding towards the 21st century". He elaborated on issues concerning China's reform and development and China's economic co operation with other countries. On the reform and development in 1994, Vice-Premier Li Lanqing said that     

Chinese Style Large Comprehensive-type Corporation Heads Towards the 21st Century

An interview with Wang Zukang, Chairman of the Board of Directors of the Orient International Group (Holding) Co. Ltd. Reporter: A former Director of the Shanghai Municipal Foreign Economic Relations and Trade Commission, you are now the Chairman of the Board of Directors of the Orient International     

Women’s entrepreneurship policy research: a 30-year review of the evidence

Small Business Economics - This paper focuses on women’s entrepreneurship policy as a core component of the entrepreneurial ecosystem. We use a systematic literature review (SLR) approach to...     

Social Comparison Goals and the Consumption of Advertising: Towards a More Contingent View of Young Women’s Consumption of Advertising

In this paper we use a small-scale exploratory study to challenge current interpretations of the potential effects of the portrayals of women in print advertising on young women’s self-esteem and body image. We examine how young women’s self-perception and self-esteem may be affected depending on their goal for social comparison: self-evaluation, self-improvement and self-enhancement. The results indicate that the goal for social comparison is an important moderating influence on how advertising images are interpreted and consumed. The findings confirm and extend earlier studies; and provide support for challenging prevalent views of women, firstly as passive consumers of advertising messages; secondly, as necessarily susceptible to negative self assessment in response to ideal images in advertising; and thirdly as pursuing only one goal in their consumption of advertising.     

Regulation and the Promotion of Audit Ethics: Analysis of the Content of the EU’s Policy

Accounting literature has commonly judged the impact of regulation on auditors’ ethical commitment by studying daily audit practice. We argue that the content of the regulations themselves is an important determinant of such an impact. This paper evaluates the capacity of the content of regulation to promote audit ethics by reference to the European Union’s (EU) audit policy. Anchored in the extant conceptual perspectives on ethics, our analysis of relevant policy documents shows that the EU’s approach to audit ethics relates most strongly to the deontological perspectives on ethics and leaves largely unexplored other means of promoting auditors’ ethical stance, such as by stimulating virtue ethics. We find that it is the EU regulators’ restricted view of the conceptual foundations of audit ethics that limits the capacity of their policy to effectively stimulate auditors’ ethical commitment. The paper also discusses the potential implications of our analysis for the design of future audit policy.     

Women’s Leadership and Firm Performance: Family Versus Nonfamily Firms

We evaluate the relationship between the appointment of women to CEO or Chair positions and firm performance, and shed light on the differences between family and nonfamily firms. By using a propensity score matching approach on a sample of 394 French firms over the period 2001–2010, we find major discordances between women’s leadership style and family business expectations relative to firm performance, as measured by return on assets and Tobin’s q. Notably, our results support the conjecture that family firms, which are more conducive to transformational leadership, offer women a more appropriate climate for exercising the function of Chair than that of CEO. In contrast, women CEOs perform better in nonfamily firms. Our findings move away from the predominant focus on barriers and stereotypes images about the female leadership and support the contingency theory of leadership, which states that the effectiveness of a leadership style depends on the organization and culture in which leaders operate, and on task-related positions     

Burger King and McDonald’s: Where’s the Spillover?

This paper studies how spillover effects from competitors’ choices affect a firm’s decision to open a store. Using panel data from the UK’s fast food industry, I propose and estimate a game of entry under incomplete information that incorporates spillover effects between firms’ entry decisions. A positive spillover is identified for Burger King – increasing the stock of existing McDonald’s by one outlet increases Burger King’s estimated equilibrium probability of opening a new store by approximately 18 percentage points. Furthermore, the estimated model suggests that this spillover affects Burger King’s variable profit, as opposed to its fixed cost of entry. It is less clear whether this externality matters for McDonald’s.     

Challenging Masculinity in CSR Disclosures: Silencing of Women’s Voices in Tanzania’s Mining Industry

Guilt is a powerful emotion that is known to influence ethical decision-making. Nevertheless, the role of guilt cognitions in influencing restorative behaviour following an unethical action is not well understood. Guilt cognitions are interrelated beliefs about an individual’s role in a negative event. We experimentally investigate the joint impact of three guilt cognitions—responsibility for a decision, justification for a decision, and foreseeability of consequences—on a taxpayer’s decision to make a tax amnesty disclosure. Tax amnesties encourage delinquent taxpayers to self-correct to avoid severe penalties that would result if their tax evasion were discovered. Our findings suggest a three-way interaction effect such that taxpayers are likely to make tax amnesty disclosures when they foresee that they will be caught by the tax authority, unless they can diffuse responsibility for their evasion and justify their evasion. Implications for tax policy and tax professionals are discussed.     

The entrepreneur’s mode of entry: the effect of social and financial capital

This article uses a French database of firms set up in 1998 to investigate the determinants of takeovers versus startups as a mode of entry. It focuses on two determinants that previous research has not fully analyzed: social capital and financial capital. Our findings suggest social capital affects the mode of entry. They show that entrepreneurs with social capital are more likely to create new firms from scratch than to take over existing firms. We confirm the effect of financial capital on the mode of entry. Bank loans are more often associated with takeovers than with startups and low initial wealth is more often associated with startups than with takeovers. These results show that finance affects the mode of entry.     

Women on the Board and Managers’ Pay: Evidence from Spain

The current literature shows great interest in the issue of gender diversity on boards of directors. Some studies have hypothesized a direct relationship between diversity and the value of the firm, but not many examine the intermediate mechanisms that may exert an influence on such relationships. We employ two stages of GMM estimation methodology to exhibit evidences of the relationship between gender diversity and compensation of top managers in the Spanish context. Results show that gender diversity positively affects the effectiveness of boards—in terms of composition, structure, size and functioning—influencing a proper design of top managers compensation linked to company performance. Evidences suggest that legislative actions aimed at increasing the presence of women on boards of directors are justified not only for ethical reasons, but also for reasons of economic efficiency.     

Italy’s Political Upheaval and the Consequences of Inequality

Intereconomics - Political upheaval, with the dangerous rise of the far right – in Italy and Europe – is likely to be stabilised when politics and policies again turn their attention to...     

Relevant for Whom? An Essay to Celebrate JBBM’s 21st Anniversary,in Favor of Paying Greater Attention to the Needs of Students and Practitioners and Less to the Interests of Peers

ABSTRACT

Purpose: To argue that useful research into business-to-business marketing must have practical relevance and that this may call for alternative methodologies to the positivistic “scientific” model favored by leading marketing journals; to suggest that citation by academic peers as measured by impact factors is only one of several criteria relevant to the assessment of academic papers; and to propose a less formulaic presentation of research to make it more accessible to students and practitioners.

Methodology/approach: Informed comment as a participant observer based on extensive experience as an academic administrator (Head of Department, Dean and Deputy Principal), Past Chairman of the Scottish Business Education Council, Past President of the Academy of Marketing, Past Chairman and Trustee Chartered Institute of Marketing, Founding Editor of 3 academic marketing journals and author of more than 50 books and 150 articles and papers.

Findings: Academic research in marketing has become distorted as a result of an excessive emphasis upon journal impact factors reported in the Social Sciences Citation Index (SSCI), which relate to only a limited selection of published research into the subject of marketing. Not only that, but the research reported largely conforms to a positivistic model that is less appropriate for social and behavioral sciences than for the pure sciences that it seeks to imitate. Nonetheless, publication in journals included in the SSCI counts for more in decisions for academic appointment and preferment than do other publications that may be demonstrated to have equal or greater impact on the audiences for which they are intended. It is argued that this imbalance should be redressed with greater attention given to instrumental knowledge and its impact on practice.

Research implications: The author’s purpose is not to disparage or call into question the quality of academic research published in the top journals, rather it is to draw attention to the distinction proposed by Shankar that recognizes the existence of an external audience and the distinction between instrumental and reflexive knowledge.

Practical implications: It is recommended that academic peer review be continued for academic papers, which would be identified as such, but that other kinds of contribution such as thought pieces, case studies, commentaries, reports, and so on be published subject to appropriate editorial review.

Originality/value/contribution: A point of view with growing support.