Self-regulation and moral awareness among entrepreneurs

Moral awareness underpins moral reasoning and ethical decision making. This mixed methods study investigates a critical feature of these phenomena among entrepreneurs, namely the influence of social cognitive self-regulation on moral awareness. Results suggest that entrepreneurs with stronger self-regulatory characteristics are more morally aware and relate such awareness to maintaining personal integrity and building inter-personal trust. In contrast, entrepreneurs with weaker self-regulatory characteristics appear less morally aware overall, and focus primarily on moral issues relating to failure and loss. I conclude the paper by discussing the implications for future research and practice.     

Misinterpretations of the Second Fundamental Theorem of Welfare Economics: Barriers to Better Economic Education

Textbooks regularly interpret the second fundamental theorem of welfare economics by claiming it asserts that any desired Pareto optimum can be achieved by market prices.     

Attitudes toward outdoor recreation development: An application of social exchange theory

A research project was undertaken within a multi‐county region in southeastern Ohio to ascertain the attitudes of local residents toward future outdoor recreation development within the area. A systematic random sample of 1493 respondents was drawn from a five‐county region to test a theoretical perspective developed from selected components of social exchange theory. The findings demonstrated that the respondents held very favorable attitudes toward outdoor recreation development. Multivariate analysis of the data revealed that the theoretical model was basically supported. The findings are discussed from both applied and theoretical perspectives.     

Conflict Evolution: Tracking the Middle East Conflict with Drama Theory

The situation in the Middle East has developed through an episodic process in which the protagonists have periodically changed the ‘game’ that they are playing by inventing new options, seeking to eliminate the options available to others, or by raising or eliminating doubts in the minds of others about their intentions. Such conflict evolution is readily captured by the framework of drama theory which goes some way to explaining the pressures motivating such actions. This paper traces the recent development of relations between the Israelis and the Palestinians through a succession of drama theoretic models. The importance of taking note of interactions at several levels is highlighted: stalemate at one level may be dislodged by actions taken in others. It is concluded that any resolution of the confrontations in the Middle East is likely to require the active involvement of the international community but may be destabilised by pressure from internal factions within the key parties.     

Are consumers' financial needs and values common across cultures? Evidence from six countries

Are consumers' financial needs, and financial values, the same or different across cultures? Two studies, with student (Study 1; n = 988) and non‐student (Study 2; n = 959) participants, explore the extent of equivalence, across six countries (Brazil, Russia, China, Taiwan, Tunisia and US), in financial need belief, and financial value, measurement models. The financial need beliefs, derived from self‐determination theory (SDT) principles, include financial self‐efficacy, financial autonomy, financial community trust and support; the financial values include materialism and financial altruism. Both the financial need and financial value constructs evidence configural invariance (similar factor structure), and factor invariance among student but not non‐student samples. The financial need constructs evidence full, and the financial value constructs evidence partial, metric (factor loading) invariance. Factor covariance invariance obtains for the financial need beliefs constructs but not the financial value constructs. Finally, neither financial need nor financial value constructs evidence scalar (intercept) invariance. These results provide partial support for extending SDT's hypothesis of universal human needs to the financial domain. In contrast, the financial value constructs of altruism and materialism are largely instable across cultures, suggesting that consumer views of giving, and the role of wealth in social status, differ between countries.     

Challenges of AACSB international accreditation for business schools in the United States and Europe

The Association to Advance Collegiate Schools of Business International (AACSB International) is committed to its role in setting worldwide standards to enhance the quality of management education. The organization is expanding its brand presence in Europe, where business schools are beginning to seek AACSB International accreditation. In the United States, an increase in the number of business schools seeking AACSB International accreditation is also occurring. Business school leaders not only see the transcendent importance of AACSB International accreditation; they also realize the challenges that are involved in the accreditation process. The focus of our discussion is on the challenges confronted by business schools in both the United States and Europe. We compare and contrast the challenges on both continents. © 2005 Wiley Periodicals, Inc.     

The literature on the economic causes of and policy responses to obesity

This paper discusses economic perspectives on obesity, summarizes the economic literature and outlines potential policy responses. The paper provides the most up-to-date review of the literature. The literature illustrates the potential role of informational market failures and the dichotomy between the private and social costs of obesity. Market failures can act to provide a rationale for government intervention. Suggested factors for explaining the increase in the prevalence of obesity are discussed as relating to imperfect information, lifestyle changes and technology changes. Some of the potential remedial policies that are being debated in the literature include applying Pigouvian taxes, labelling regulation and advertising limitations.     

Relative prices and inventory investment

In macroeconomic models of the economy disequilibrium is reflected in undesired investment. This undesired investment is largely in the form of undesired accumulations or depletions of inventories. Therefore, in studying inventory investment one is analyzing the adjustment of the goods market in disequilibrium. In order to study this process the Brunner-Meltzer three market model of the economy is modified to explicity treat inventory investment. The resulting relative price model of inventory behaviour is then tested on aggregate yearly and quarterly U.S. data.