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1.
This paper investigates how financial market participants reacted to the US annexation of Hawaii in 1898 as well as prior
events like the overthrow of the monarchy in 1893 and US tariff moves affecting Hawaii's sugar industry. The empirical work
covers the trading of the Kingdom of Hawaii's major 1886 loan in both London and Honolulu as well as sugar company stock price
reactions to annexation. The economic implications of US tariff policy moves, and the unfettered US market access promised
by annexation, may well explain the continued uptrend in debt prices after the overthrow.
相似文献
Leroy O. Laney (Corresponding author)Email: |
2.
Integrating service and design: the influences of organizational and communication factors on relative product and service characteristics 总被引:1,自引:0,他引:1
Michael Antioco Rudy K. Moenaert Richard A. Feinberg Martin G. M. Wetzels 《Journal of the Academy of Marketing Science》2008,36(4):501-521
The aim of this study is to identify the organizational and communication antecedents, and evaluate the consequences on relative
product and service characteristics, of the use of service-sourced information by product designers during new product development.
An empirical study of 121 product design managers demonstrates that a firm’s market orientation is improved by a healthy working
relationship between product designers and service employees. Such a relationship motivates designers to use service-sourced
information disseminated to them, enhancing both product and service characteristics of the new offering. The authors discuss
how communication channels and information content affect the information use of product designers. Product designers value
written information most. Information use does not relate to the frequency of receiving verbal or electronic information.
Information about product ergonomics positively influences product designers’ perceptions of the information, whereas information
on product aesthetics negatively influences their perceptions.
相似文献
Michael Antioco (Corresponding author)Email: |
Rudy K. MoenaertEmail: |
Richard A. FeinbergEmail: |
Martin G. M. WetzelsEmail: |
3.
Eugene N. White 《Cliometrica》2007,1(2):115-144
The crash of the French stock market in 1882 presented the Paris Bourse with its worst crisis of the nineteenth century. Its
structure was similar in key respects to today’s futures markets, with a dominant forward market leading the Bourse to adopt
a common fund to guarantee transactions and liquidity. While this mutualization of risk protects clients and brokers from
idiosyncratic shocks, it is generally assumed that it also provides considerable protection against systemic shocks, as no
twentieth century exchange has been forced to shut down. Using new archival data, this paper shows how a stock market crash
overwhelmed the Bourse’s common fund. Only an emergency loan from the Bank of France, intermediated by the largest banks,
prevented a closure of the Bourse.
相似文献
Eugene N. WhiteEmail: |
4.
Andrew J. Seltzer 《Cliometrica》2007,1(3):239-261
This paper uses personnel records of employees from an Australian bank to analyse the labour market consequences of career
interruptions due to voluntary military service during the Second World War. The records contain the employees’ career position
and pay histories, and pre-war outcomes are used to control for selection bias caused by non-random enlistment. It is shown
that, despite losing human capital during the War, upon their return veterans did not face a wage penalty relative to non-volunteers.
Finally, evidence from non-wage outcomes suggests that the absence of a wage penalty was a form of positive discrimination
by the Bank.
相似文献
Andrew J. SeltzerEmail: |
5.
The Malthusian “preventive check” mechanism has been well documented for pre-industrial England through evidence for a negative
correlation between the marriage rate and the price of wheat. Other literature, however, speculates that the correlation was
in fact positive from the early nineteenth century. This paper uses the cointegrated VAR model and recursive estimation techniques
to document the changing relationship between nuptiality and the price of wheat from 1541 to 1965. The relationship is indeed
positive from the early nineteenth century to the First World War. A simple theoretical model shows that this result is not
in fact inconsistent with a stylised Malthusian mechanism, and can be understood within the context of an increasing dominance
of shocks to aggregate demand rather than to aggregate supply.
相似文献
Jacob WeisdorfEmail: |
6.
We evaluate explanations for why Germany grew so quickly in the 1950s. The recent literature has emphasized convergence, structural
change and institutional shake-up while minimizing the importance of the postwar shock. We show that this shock and its consequences
were more important than neoclassical convergence and structural change in explaining the rapid growth of the West German
economy in the 1950s. We find little support for the hypothesis of institutional shakeup. This suggests a different interpretation
of post-World War II German economic growth than features in much of the literature.
相似文献
Albrecht Ritschl (Corresponding author)Email: |
7.
Researchers have typically studied the relationship between technology alliances and market value from a direct tie or dyadic
perspective. Yet any given technology alliance is typically embedded in a network of indirect ties created by the alliance
partners’ relationships with other firms. We argue that whether an indirect tie enhances or detracts from the market value
a firm creates in a technology alliance depends upon factors related to inter-firm competencies at both an alliance- and partner-level
of analysis. Empirical analysis of abnormal stock returns reveals support for the hypothesized contingent relationship between
indirect ties and value creation within technology alliances. Theoretically, the paper clarifies opposing perspectives in
the literature regarding the performance implications of indirect ties and identifies market value as a hitherto unrecognized
effect associated with this type of tie. Managerially, the findings improve marketers’ ability to leverage the complex interactions
that occur between technology alliances in a value-creating manner.
相似文献
D. Eric Boyd (Corresponding author)Email: |
Robert E. SpekmanEmail: |
8.
Standard economic indicators suggest that the USA experienced long-run economic growth throughout the nineteenth century.
However, biological indicators, including human stature, offer a different picture, rising early in the century, falling (on
average) mid-century, and rising again at the end of the century. This pattern varied across geographical regions. Using a
unique data set, consisting of mean adult stature by state, we test for convergence in stature among states in the nineteenth
century. We find that during the period of declining mean stature (1820–1870), heights actually diverged. Later in the century
(1870–1890) we find a type of “negative” convergence indicating that stature among states tended to converge to a new, lower
steady state. Only towards the end of the century (1880–1900) do we find classic convergence behavior. We argue that the diversity
of economic experiences across regions, including urbanization, industrialization, and transportation improvements, explain
this pattern of divergence and then convergence.
相似文献
Lee A. CraigEmail: |
9.
Livio Di Matteo 《Cliometrica》2008,2(2):143-171
The wealth of male decedents using census-linked probate records from 1892 and 1902 is examined for evidence on saving motives.
This data presents an opportunity to examine wealth holding and saving motives in an environment devoid of many of the features
that can affect modern retirement, consumption and saving decisions. Evidence is found supporting the existence of a strategic
bequest motive. This result occurs after controlling for the possibility of the demand for children rising with the level
of wealth as well as the potential contribution to wealth accumulation that children made in agricultural economies. These
results also suggest that while the presence of a bequest motive was real and significant, its ultimate contribution to wealth
accumulation was relatively modest when compared to the impact of variables such as occupational status and literacy. Moreover,
there appears to be some evidence supporting a transition in saving motives away from bequest saving and towards greater life
cycle saving.
相似文献
Livio Di MatteoEmail: |
10.
This paper examines a tendency within existing marketing scholarship to compartmentalize ethical issues. It also shows how
this tendency can cause ethical tensions and conflicts in marketing practice. The emerging service-dominant (S-D) logic for
marketing, as proposed by Vargo and Lusch, is explored as an example of an approach to marketing that overcomes this tendency.
The S-D logic is found to be a positive development for marketing ethics because it facilitates the seamless integration of
ethical accountability into marketing decision-making. Specific recommendations are made for improving the ethical climate
in marketing using marketing performance measurement theory and practice.
相似文献
Patrick E. MurphyEmail: |
11.
Chenting Su Kevin Zheng Zhou Nan Zhou Julie Juan Li 《Journal of the Academy of Marketing Science》2008,36(3):378-394
To market important products to families successfully, salespeople must understand how couples behave in concert to resolve
conflict across major decisions. The authors develop a model of spousal fairness and test it with a study of multi-period
family purchase decision making. The results show that a spousal sense of fairness serves as a mechanism for contemporary
couples to harmonize conflict over time in family decisions. Specifically, spouses’ perceived fairness mediates the relationship
between spousal prior influence and spousal decision behavior in subsequent decisions. Spouses also consider their partner’s
perceptions of fairness when taking action to restore fairness. Moreover, the effects of perceived fairness are moderated
by spousal traits of empathy, egalitarianism, and empowerment in a gendered pattern.
相似文献
Julie Juan LiEmail: |
12.
In an effort to understand the determinants of economic growth in an emerging economy, we analyze the effects of institutional
reforms, wars and political events on the risk level of the Israeli stock market between 1945 and 1960. We find that the anticipation
of wars did not have any effect but the end of skirmishes actually raised the risk on the stock market. Domestic political
instability also increased the stock market risk. Finally we find that most legal reforms did not matter much.
相似文献
Miriam KrauszEmail: |
13.
Suresh Sundaram Andrew Schwarz Eli Jones Wynne W. Chin 《Journal of the Academy of Marketing Science》2007,35(1):101-112
This study explores and tests a new model that links different types of technology usage to individual-level outcomes. The
primary objective of this study is to examine the effects of efficient use (routinization) and effective use (infusion) along
with the traditional measure of usage—namely, frequency of use—on two dimensions of individual-level outcomes: information
technology-enabled administrative performance and information technology-enabled salesperson performance. To maintain consistency
with the existing literature, the authors examine the effects of predeployment attitude toward or acceptance of technology
and pre-deployment intended use of technology. The authors discuss managerial implications and provide directions for future
research.
相似文献
Wynne W. ChinEmail: |
14.
Xueming Luo Maxwell K. Hsu Sandra S. Liu 《Journal of the Academy of Marketing Science》2008,36(2):202-214
This study uncovers the ignored role of institutional environment for marketing strategy and customer relationship management.
Hypothesis tests in a sample of Chinese firms find support that channel networking strengthens the customer orientation–customer
trust/commitment–firm performance (CTP) causal chain. In addition, the results show that government networking moderates this
chain in a non-linear fashion. The CTP linkages are most salient when the firm develops a moderate level, rather than a high
or low level of networking ties with government agencies.
相似文献
Sandra S. LiuEmail: |
15.
Mark Spoerer 《Cliometrica》2008,2(3):173-193
Following the seminal work of the late nineteenth century economist Etienne Laspeyres I analyse the incidence of the Prussian
milling and slaughter tax shortly before its repeal in 1875. A comparison of flour prices in cities which levied this tax
with those that did not reveals unusually strong tax overshifting. Modern theories explain overshifting of a specific tax
with quality improvements or imperfect competition. In pursuing these ideas I find that it was rather large surplus costs
induced by tax collection and monitoring that caused unusually large excess burdens. The reason why the tax remained basically
unchanged for more than half a century is that the urban bourgeoisie successfully prevented its repeal, as the alternative
would have been the introduction of municipal direct taxes (rent-seeking behaviour).
相似文献
Mark SpoererEmail: |
16.
Roberto Ricciuti 《Cliometrica》2008,2(3):259-274
The Italian fiscal history is characterised by a number of fiscal consolidations. In this study, we characterise fiscal policy
in terms of non-linear deterministic processes. We find that government spending and taxes can be described as being non-linear
trend stationary processes instead of unit roots. A long run equilibrium relationship—a non-linear co-trend—does exist between
the two series, fulfilling the intertemporal government budget constraint. We interpret this result as evidence of a long
run fiscal rule that different policy makers have adopted, putting public finance in balance.
相似文献
Roberto RicciutiEmail: |
17.
Joseph Maciariello 《Journal of the Academy of Marketing Science》2009,37(1):35-43
Peter F. Drucker is well known for stating that there is only one valid purpose of a business: to create a customer. And that
there are only two basic business functions: marketing and innovation. The body of material on management that he produced
contains frequent references to this purpose and these functions, but Drucker never distilled the specific tasks within his
management approach that result in implementing this purpose and these functions. This paper distills the executive practices
and tasks that are necessary to implement this purpose and these functions and it does so using a systems framework.
相似文献
Joseph MaciarielloEmail: |
18.
In the War of the Pacific (1879–1883), Chile defeated Peru and Bolivia, and acquired territories that contained vast deposits
of sodium nitrate, a leading fertilizer. Chile’s export tax on nitrates later accounted for at least one half of all government
revenue. We employ a multi-country model of export taxation in order to simulate the potential government revenues that Bolivia,
Chile and Peru could have earned under the counterfactual scenario that Chile did not conquer the nitrate-rich provinces of
its adversaries. Our results are that Peruvian and Bolivian government revenues could have been at least double their historical
levels. We estimate that, over the remainder of the nineteenth century, Chile’s earnings from nitrates would have fallen by
80%.
相似文献
Kirsten WandschneiderEmail: |
19.
Serge A. Rijsdijk Erik Jan Hultink Adamantios Diamantopoulos 《Journal of the Academy of Marketing Science》2007,35(3):340-356
In the last decade, companies have developed a large number of intelligent products. Due to the use of information technology,
these products operate somewhat autonomously, cooperate with other products, or adapt to changing circumstances. Based on
a literature review and interviews with practitioners, the present article conceptualizes product intelligence and describes
a procedure to measure the construct. The article also explores the link of product intelligence to consumer satisfaction
through the innovation attributes of relative advantage, compatibility, and complexity. The article considers practical and
theoretical implications and identifies future research directions.
相似文献
Adamantios DiamantopoulosEmail: |
20.
Evangelia Katsikea Marios Theodosiou Robert E. Morgan 《Journal of the Academy of Marketing Science》2007,35(2):270-283
The authors extend sales management theory by considering the role of export sales management in small- and medium-sized firms,
and they develop an integrated model of export sales organization effectiveness. Specifically, the authors test 16 hypotheses
that examine the relationships among export sales management control, export territory, psychic distance, export sales performance,
and export sales organization effectiveness. Using a mail-survey approach, data were collected from U.K.-based export sales
managers in 146 direct exporters of industrial products. Though certain anomalies are observed, the research findings support
many of the hypothesized associations, confirming the robustness of existing sales management concepts and theories in an
export-marketing context.
相似文献
Robert E. MorganEmail: |