Dietary Restraint and Consumer Consumption Intentions for Low‐Calorie Snacks

Much is still unknown regarding the reasons that drive consumer consumption intentions for low‐calorie snacks. This research investigates the impact of individuals with low vs. high dietary restraint inferences of low‐calorie snacks on their subsequent consumption intentions. We conducted a between‐subjects experiment in which we asked participants to indicate their consumption intentions and their hedonic and utilitarian value perceptions for more (almonds) vs. less (goldfish crackers) healthy 99‐calorie snacks. In addition, we measured participants' level of dietary restraint. Results suggest that consumers with high vs. low dietary restraint levels do prefer low‐calorie snacks for different reasons. Hedonic value perceptions explain consumers with low dietary restraint preference for the less healthy snack, while utilitarian value perceptions explain consumers with high dietary restraint preference for the healthier snack. We conclude with a discussion on the managerial and policy implications of our findings.     

First‐Year Impacts on Savings and Economic Well‐Being from the Assets for Independence Program Randomized Evaluation

Individual development accounts (IDAs) help low‐income families save by providing a savings account and a potential match toward personal savings for specific investments, such as a first home, business capitalization, or postsecondary education and training. The Assets for Independence (AFI) program uses AFI IDAs—commonly coupled with financial education—with the goal of helping low‐income households achieve greater self‐sufficiency. Using a randomized controlled trial, we evaluate the impact of AFI after one year and find that the median level of liquid assets was $657 higher for the treatment group than the control group (before matching funds). We also find that the treatment (vs control) group experienced less material hardship (by 34%) and was less likely to use nonbank check‐cashing services (by 39%).     

Transiting to Work: The Role of Private Transportation for Low‐Income Households

This study examines the role of reliable vehicles in facilitating employment, using a new data set, the Iowa Transportation and Employment Survey. The empirical results document significantly higher levels of transportation problems and human capital barriers among low‐income households compared to other households and among low‐income nonworking adults compared to their employed counterparts. The multivariate analysis of low‐income households shows that employment and reliable transportation are related. Respondents without access to a reliable vehicle are less likely to be employed; those employed are more likely to have access to a reliable vehicle. Residence in an area adjacent to a metropolitan area has a positive effect on working.     

China,India and the Commodity Boom: Economic and Environmental Implications for Low‐income Countries

The international role of China has risen steadily for two decades – and has become even more important in the current global recession. The growing supply of labour‐intensive manufactured exports from China has been accompanied by a huge expansion in its imports both of raw materials and of skill‐intensive manufactured parts and components. This ‘offshoring’ of intermediates production by a large, labour‐abundant economy has economic and environmental implications for other developing economies. More recently, the rapid expansion of the Indian economy and trade indicates that it too will soon exert similar effects on global markets. We sketch a model showing how the growth of these developing‐country ‘giants’ generates adjustment pressures on other developing economies. We discuss in particular how differences in relative factor endowments of resource‐rich economies can produce quite different outcomes in the context of product fragmentation and expanding commodity trade. We also explore the effects on production, trade, environment and prospects for future growth in resource‐rich economies, particularly in the context of weak institutions and other market failures. We illustrate these different impacts by considering the cases of Indonesia, Malaysia and Thailand and highlight implications for growth, development and policy.     

Reconsidering the Role of Fit in Celebrity Endorsement: Associative‐Propositional Evaluation (APE) Accounts of Endorsement Effectiveness

This study is designed to fill any explanatory gaps that have been traditionally underexplored when considering the interplay of implicit/automatic/unconscious and explicit/deliberate/conscious attitudes in the context of celebrity endorsement. The main experiment employed single target‐implicit association test as a measure of implicit attitudes. The key finding of the study is that the experimental condition where the fit between the celebrity and the endorsed product was low induced favorable implicit and explicit attitudes, similar to the condition where the fit was high. The explanation for this finding was that dissonance enhanced the association strength of the attitude object through biased attention and elaboration, which provided a basis for favorable propositions. In propositional reasoning, retroactive confirmation of the favorable implicit attitudes resolved dissonance. This study seeks to go beyond the existing endorsement and sponsorship literature developed based on matching principles such as source models, match‐up hypothesis, the congruity theory, and associative network models. The authors recommend that managers search for more creative and novel partners in addition to image‐matching ones.     

Anti‐Corruption and Corporate Tax Burden: Evidence from China

We examine whether the Chinese government's anti‐corruption enforcement reduces corporate tax burdens. Using a difference‐in‐difference approach, we find tax burdens of firms located in corrupt political leaders’ jurisdictions are lower after these leaders were deposed. An analysis of two tax policy changes shows that the reduction in tax burden is more pronounced when corrupt politicians had more power in levying taxes.     

Linking trust to use intention for technology‐enabled bank channels: The role of trusting intentions

The present research is an attempt to better understand the role of trust in the adoption of technology‐based service channels, namely Internet and phone banking. The study conceptualizes and measures trust, distinguishing the cognitive and affective component of trust (the trusting beliefs), the behavioral component of trust (trusting intentions), and the purchase behavior (intention to use), suggesting a mediating role of trusting intentions. Then it tests a model that combines the effect of trusting beliefs and trusting intentions together with the Technology Acceptance Model variables, privacy, and security as well as individual characteristics. Results from 762 retail bank customers revealed a strong mediating role of trusting intention on the intention to use and similar patterns of relationship for the two technology‐based bank channels. Several implications for managers and further research are discussed. © 2010 Wiley Periodicals, Inc.     

Step‐reset options: Design and valuation

This study proposes a new design of reset options in which the option's exercise price adjusts gradually, based on the amount of time the underlying spent beyond prespecified reset levels. Relative to standard reset options, a step‐reset design offers several desirable properties. First of all, it demands a lower option premium but preserves the same desirable reset attribute that appeals to market investors. Second, it overcomes the disturbing problem of delta jump as exhibited in standard reset option, and thus greatly reduces the difficulties in risk management for reset option sellers who hedge dynamically. Moreover, the step‐reset feature makes the option more robust against short‐term price movements of the underlying and removes the pressure of price manipulation often associated with standard reset options. To value this innovative option product, we develop a tree‐based valuation algorithm in this study. Specifically, we parameterize the trinomial tree model to correctly account for the discrete nature of reset monitoring. The use of lattice model gives us the flexibility to price step‐reset options with American exercise right. Finally, to accommodate the path‐dependent exercise price, we introduce a state‐to‐state recursive pricing procedure to properly capture the path‐dependent step‐reset effect and enhance computational efficiency. © 2002 John Wiley & Sons, Inc. Jrl Fut Mark 22:155–171, 2002     

Trading with Conditions: The Effect of Sanitary and Phytosanitary Measures on the Agricultural Exports from Low‐income Countries

Market access for agricultural products is increasingly determined by capability to comply with a wide array of regulatory measures. From a trade perspective, one of the most important aspects of such regulatory measures is their potential distortionary effect, as their cost of compliance is often asymmetrical across countries. This paper investigates the effect of the European Union's sanitary and phytosanitary (SPS) measures on the exports from low income countries. This study finds that SPS measures result in relatively higher burden for low income countries but that membership in deep trade agreements seems to reduce the difficulties related to compliance with SPS measures. These results are consistent with the hypothesis that while many middle and high income countries have the internal capacity to comply with SPS measures, most low income countries do not.     

On the Information Content of Bank Loan‐loss Disclosures: A Theory and Evidence from Japan

We develop a model in which banks use loan‐loss disclosures to signal private information about the credit quality of their loan portfolios. The cross‐sectional predictions generated by the model are shown to help to explain previously documented counterintuitive empirical regularities for US banks. We also take advantage of a recent Japanese regulatory policy shift, which first forbade the reporting of restructured loan balances and then forced full disclosure. This policy shift allows us to address a common difficulty in testing signalling theories, in that we are able to construct a timely proxy for the private information that we allege is being signalled. Consistent with our signalling model, we find that banks taking the largest write‐offs turn out later to be the strongest banks, with the fewest restructured loans.     

Linking Small‐Scale Commercial Activities and Women's Health: The Jamu System in Urban Areas of Java,Indonesia

Traditional medicine practices are widely documented and analyzed in Asia. Despite this, the interlinkages existing between small‐scale commercial activities based on ethnomedicine and local health have been ignored. This paper attempts to overcome this shortcoming by analyzing the possible synergies existing between small‐scale commercial activities centered on traditional herbal medicine in Indonesia (jamu) and health. The paper shows how the existence of these links in the city of Yogyakarta, Java, could represent a valuable basis to increment primary health care and enhance local livelihoods of rural women through commercial activities in the herbal sector.     

Make it Your Own: How Process Valence and Self‐Construal Affect Evaluation of Self‐Made Products

Self‐production, participation of consumers in the production process of products for their own consumption, leads to consumers’ enhanced evaluations of the self‐made products. Three experimental studies investigate how and why self‐production affects consumers’ product evaluations and reveal that not all production experiences create additional value for all consumers. In particular, Studies 1 and 2, using hypothetical stories and real experiences, show that only positive (vs. negative) production experiences enhance evaluations of self‐made products over products made by others. Positive (but not negative) experiences decrease the psychological distance between the self and the product and strengthen identification with it. Study 3 manipulates self‐construal (independent vs. interdependent) to investigate its role on evaluation of self‐made products and products made with close others as a group (i.e., group‐made). Consumers with independent self‐construal evaluate self‐made (vs. other‐made) products more favorably only if the process is positive. However, consumers with interdependent self‐construal evaluate self‐made products more favorably even if the process is negative. Additionally, consumers with interdependent (vs. independent) self‐construal exhibit more favorable evaluation of group‐made products. Finally, even if consumers know how another person feels while making a product, other people's process emotions do not affect consumers’ product judgments as strongly as their own experienced process emotions.     

Timing of the Effects: A Dynamic Analysis of Pack‐Size Variety,Demand, and Cost

As an importation logistics factor, pack‐size variety (the number of different pack sizes, such as packs of 6 units and 12 units of products) is involved in a dynamic system. This system includes the forward impacts of the present pack‐size variety on the present demand and the present cost, as well as the reverse influences of past demand and past cost on present pack‐size variety decisions. Any static analysis of a segment of this system misses an important factor of these effects: the timing. In this study, I unveil the timing of these dynamic relationships among pack‐size variety, demand, and cost. The findings suggest that the effect of past demand on present pack‐size variety follows a short‐delayed and long‐lasting pattern, while the effect of past cost on present pack‐size variety follows a long‐delayed and short‐lasting pattern. These findings offer important implications for pack‐size variety decisions in industrial practices.     

Cross‐Country Determinants of Early‐Stage Necessity and Opportunity‐Motivated Entrepreneurship: Accounting for Model Uncertainty

Model uncertainty is one of the most pervasive challenges in the social sciences. Cross‐country studies in entrepreneurship have largely ignored this issue. In this paper, we evaluate the robustness of 44 possible determinants of early‐stage opportunity‐motivated entrepreneurship (OME) and necessity‐motivated entrepreneurship (NME) that are broadly classified in four groups: (1) economic variables, (2) formal institutions, (3) cultural values, and (4) legal origins and geography. The results, which are based on a representative world sample of up to 73 countries, suggest that institutional variables associated with the principles of economic freedom are most robustly correlated with OME and NME. Our findings also identify net income inequality and Scandinavian legal origins as weakly robust predictors of both types of entrepreneurial activity. Furthermore, we find that log GDP per capita is only a weakly robust predictor of NME, but not OME. We discuss implications for future research.     

中国人口健康基本保障方案的评价--农村初级卫生保健的经验和教训

初级卫生保健是评价国家人口健康基本保障最重要的内容之一.建国以来我国初级卫生保健取得了卓越的成绩.伴随着人口转变过程,建立在原有计划经济体制下的初级卫生保健系统发生了较大的变化.以农村初级卫生保健为重点,探讨中国人口健康基本保障方案在提高中国人口健康水平中的作用和变化,反思和总结我国初级卫生保健实施过程中的经验和教训,为改善我国卫生保健体制提供更广阔的视角.     

中国人口健康基本保障方案的评价——农村初级卫生保健的经验和教训

初级卫生保健是评价国家人口健康基本保障最重要的内容之一。建国以来我国初级卫生保健取得了卓越的成绩。伴随着人口转变过程 ,建立在原有计划经济体制下的初级卫生保健系统发生了较大的变化。以农村初级卫生保健为重点 ,探讨中国人口健康基本保障方案在提高中国人口健康水平中的作用和变化 ,反思和总结我国初级卫生保健实施过程中的经验和教训 ,为改善我国卫生保健体制提供更广阔的视角。     

A Gravity Model Forecast of the Potential Trade Effects of EU Enlargement: Lessons from 2004 and Path‐dependency in Integration

This paper uses a gravity model to forecast the potential impact on trade balances and trade patterns of the 2004 EU enlargement. The results suggest that gross trade creation for the accession economies is about 25 per cent of their 2003 trade. Although membership of the EU creates trade it also results in trade diversion; that is, a declining share of accession country exports and imports with non‐EU15 countries. Overall, the trade balances of the accession countries suffer larger trade deficits after accession due to import growth surpassing export growth. The extent of increase in the trade deficit due to accession is inversely related to the level of integration and income of the new members. Hence integration is path‐dependent and the EU should take this into account when preparing for further enlargements to the Balkans and Southeast Europe.     

Using the Family Self‐Sufficiency Program to Help Families with Housing Assistance Improve Earnings,Credit Score,and Debt Levels: A Quasi‐Experimental Analysis

HUD's Family Self‐Sufficiency (FSS) program aims to help housing assistance recipients increase their earnings and build savings to make progress toward economic security. This study examines an asset‐building nonprofit's innovative financial coaching‐based approach to FSS that adds an additional focus on helping clients build assets and financial capability. We use a quasi‐experimental approach to estimate the program's impact on earnings and cash assistance receipt and analyze credit and debt outcomes against a benchmark group. The findings show substantial, significant gains in households' earnings and significant decreases in receipt of some cash benefits. Participants also saw increases in credit score, and success in paying down credit card and derogatory debt. Our results indicate that FSS can be an effective platform for helping participants in subsidized housing make real progress toward economic security and financial health.