Power, conflict, and cooperation: The impact of guanxi in Chinese marketing channels

This paper tests the impact of guanxi on behaviors among firms in a Chinese marketing channel. Guanxi is operationalized in this paper as emotional closeness and interactive state. We find that the emotional closeness between channel-boundary personnel of firms has a positive impact on their exercise of noncoercive power, a negative impact on their exercise of coercive power, and a negative impact on the perceived conflict between them. In addition, emotional closeness has an indirect but positive impact on perceived cooperation. Interactive state between the boundary personnel of two firms has a positive impact on a firm exercising noncoercive power and a negative impact on perceived conflict between them. At the same time, it is positively related to a firm exercising coercive power. This shows not only the significant influence of guanxi on a firm's channel behaviors but also the constructive effects of both emotional closeness and interactive state on marketing channel behaviors in China.     

How efficient is the market for Australian firms’ earnings information?

We construct a measure of the speed with which forecasts issued by sell-side analysts accurately forecast future annual earnings. Following Marshall, we label this measure earnings information flow timeliness (EIFT). This measure avoids the aggregation problem inherent in price-based measures of information efficiency. We document large variation in EIFT across firm-years, and show that EIFT is positively associated with the extent of analyst following, consistent with increased analyst coverage improving the speed with which earnings-related information is recognised. We also find that EIFT is higher for firm-years classified as ‘bad news’ (i.e., where analysts’ forecasts at the start of the financial period exceed the reported outcome). However, when we separately consider instances where analysts appear to forecast non-GAAP (or ‘street’) earnings rather than GAAP earnings, we find that the greater timeliness of bad news is concentrated among observations where analysts forecast non-GAAP earnings, where unusual items are typically excluded. We conclude that the market for accounting information is more efficient for negative operating outcomes than for negative outcomes reflecting unusual items.     

What retailers need to understand about website inaccessibility and disabled consumers: Challenges and opportunities

This research uniquely contributes to the marketing policy literature by illuminating the widespread yet seldom studied problem of online inaccessibility of retail websites affecting approximately 30 million disabled Americans. When a website is not designed to be navigated easily or is not compatible with assistive technology such as a screen-reader, these potential customers are not able to independently search for information and conduct transactions. Blind and low vision participants in an empirical study provide their opinions regarding accessibility policy issues and reveal that their frustrations with inaccessible retail websites may result, not only in avoidance of the retailer in its different sales channels but also in antifirm behaviors driven by negative attitudes toward perceived retailer accessibility/disability policy that spur feelings of online marketplace discrimination. Using two different evaluation tools, the top 100 retailers in the United States were evaluated on the accessibility of their websites over the past 4 years (2015–2018). Results show that most websites contain many design errors making navigation very difficult or even impossible for vision impaired consumers. The argument is made that online retailers who proactively address these inaccessibility issues on their websites may significantly increase their customer base and profitability.     

An Intertemporal Currency Board

The paper shows that the traditional wisdom of raising interest rates to defend a currency enriches rather than punishes the speculators. Furthermore, using high interest rates as a currency defense tool often produces the opposite effect in times of crisis. A new approach is proposed of using Hong Kong dollar "put" options as an explicit commitment by the government. The put option itself acts like an intertemporal currency board in keeping the linked exchange rate over time. This costly signaling produces a separating equilibrium that distinguishes the strength of the Hong Kong dollar from the other Asian currencies that were under pressure in 1997.     

Volatility forecasting of exchange rate by quantile regression

Exchange rates are known to have irregular return patterns; not only their return volatilities but the distribution functions themselves vary with time. Quantile regression allows one to predict the volatility of time series without assuming an explicit form for the underlying distribution. This study presents an approach to exchange rate volatility forecasting by quantile regression utilizing a uniformly spaced series of estimated quantiles. Based on empirical evidence of nine exchange rate series, using 19 years of daily data, the adopted approach generally produces more reliable volatility forecasts than other key methods.     

Walgreens重回时代广场“斜线”令世界十字路口耳目一新

巴里温斯顿(Barry Winston),这名专门负责时代广场的标志专家说:“Walgreens已经为入驻时代广场做出了一个新的构想,其中包括一个令人惊叹的LED显示屏,那将是迄今为止在时代广场出现过的最大,最独特的LED显示屏。“     

情定迈阿密——Coppertone女孩和她的小狗标识重新闪耀

这是和Andy Warhol的汤罐一样出名的标志。12月的迈阿密,晴朗的夜晚,Jerry Begins微笑的看着全面翻修的Coppertone女孩带着淘气的咬着她泳衣的可卡犬再次回到城市的MIMO区。Jerry的父亲有家公司Tropicalites,最初是建造和安装标志符号,帮助协调和宣传防晒产品的标志,现在位于比斯坎湾大道北侧7300.     

金融业的成功 从事金融服务的人同样能够在招牌行业取得新的成功

“一旦拥有了所有的技术和资源,那么是时候开设一家招牌商店了。“十年前.世纪招牌制作公司(美国新墨西哥,阿尔伯克基州)在圣菲的一个小村庄里进行了改造.并于1932年进行了一次大规模的整修,具备了一个完整的环保图形软件包,其中包括,建筑证明、房间号码牌、指路标志,以及其它的一些圈形设施等。     

Livin''La Vida Libre Media 1为一家以古巴为主题的奥兰多餐厅制作了非常有趣味的招牌

Dale is president and co-partner at Media 1 ldentity Solutions (Longwood,FL).Cuba Libre在Pointe Orlando开设了第三家分公司,这家公司设立了户外购物和餐饮,还在街对面开设了娱乐场所,从以橙县(佛罗里达州)的会议中心到设施齐全的国家商会,非常具有吸引力。这家餐馆将它的货物运输到一个现已禁止的岛屿上,这种境况让人想起了很久之前卡斯特罗的哈瓦那。Cuba Libre公司在深夜还会播放一些生动的音乐,配合以拉丁音乐为主题的歌舞表演,同时提供丰盛的可供选择的拉丁鸡尾酒和诱人的古巴车票。这是一个两层楼,占地面积为20000平方英尺的场所,所有装置都是露天的,建筑色彩鲜明,植物颇有异国风情,服务员们统一身穿瓜亚贝拉制服,周围散发出一种热带雨林的氛围。     

一场数字标识革命 这不再是你爸爸的生意了

从1976年到1985年,我掌管Biggsigns Inc.(aka Wet Paint Sign)I,是一个为大辛辛那提和北肯塔基服务的标识和图形设计公司。我学这个的时候用的是老式的工具和方法。我们以前用的是刻字笔,油漆喷雾器,支腕杖,提花轮,丝网印刷,一次性刻字瓷漆和普锐涂料等等。