Marine-tourism development on a small island in Indonesia: blessing or curse?

Indonesia is a popular tourist destination. Tourism creates jobs and generates revenue but can have negative impacts on culture, society and human rights. This study of one island community in Indonesia explores the relationship between the growth of tourism and the impacts on a local community. A quantitative survey, combined with in-depth interviews, examined perceptions of residents to tourism development. Residents perceived that tourism created jobs and improved access to goods and services. However, tourism has reduced social cohesion and decreased adherence to traditional customs. Conflict between the private sector and residents over ownership and access have also caused violence.     

Cultural and Institutional Antecedents of Country Risk

This study explores the effects of cultural and institutional factors on country risk. We use the 2004 Global Leadership and Organizational Behavior Effectiveness Research study’s estimations of nine cultural dimensions, as well as measures of democracy and gender empowerment, in a sample consisting of 55 countries. The results indicate that gender empowerment, humane orientation, and institutional collectivism have a larger impact on country risk than democracy, uncertainty avoidance, and gender egalitarianism. The interdependency of some cultural dimensions suggests that cultural and institutional differences could be used to predict mean country risk ratings.     

Cultural experiential goal pursuit,cultural brand engagement,and culturally authentic experiences: sojourners in America

Journal of the Academy of Marketing Science - Our research uses an interpretive approach to explore the consumer journeys of sojourners, temporary residents of a new country, with attention to...     

Financial Frictions,the Great Trade Collapse and International Trade over the Business Cycle

Open Economies Review - This paper investigates the impact of financial frictions on the dynamics of international trade over the business cycle and their role in the great trade collapse of...     

Coauthorship in academic journals: Implications for international collaboration and alliances

Based on the knowledge-based resource theory of alliance, we analyze coauthorship collaboration. We find that (1) collaboration increases the impact of published articles; (2) articles with nonalphabetical author listing are associated with fewer citations; and (3) barriers to transferring knowledge lowers an article's impact, especially if authors do not take ownership over the article. Coauthors who do not act as if they were senior authors undermine coauthorship collaboration, resulting in lower citations on the article. Our results suggest that articles with alphabetical author listing receive more citations, questioning the norm in journals of some disciplines that advocate nonalphabetical author listing.     

Chronic illness medication compliance: a liminal and contextual consumer journey

Journal of the Academy of Marketing Science - The consumer journey has drawn interest from marketers as an avenue to strengthen sales through managing touchpoints. However, a firm-centric view has...     

Do women lack ambition?

For men, ambition is considered a necessary and desirable part of life. Most women, however, associate ambition with egotism, self-aggrandizement, or manipulation. Getting to the bottom of why this is so required study of what ambition consists of--for both sexes. In childhood, the research uncovered, girls are clear about their ambitions. Their goals are grand, and they make no apologies for them. In nearly all childhood ambitions, two distinct factors are in place: the mastery of a special skill, and recognition for it. And what's true in childhood is no less true in later life: We all want our efforts and accomplishments acknowledged. Yet there are dramatic differences in how women and men create, reconfigure, and realize (or abandon) their goals. Most women are demure when praised for their achievements. One could chalk up this behavior to women's innate modesty or see it as a passive way of highlighting their accomplishments. But the fear of recognition that many women express suggests otherwise. Research has shown that such behavior varies according to social context: Women more openly seek and compete for affirmation when they are with other women, but they behave differently when competing with men. The underlying problem has to do with cultural ideals of femininity. Women face the reality that to appear feminine, they must provide or relinquish scarce resources to others--and recognition is indeed a scarce resource. Although women have more opportunities than ever before, they still come under social scrutiny that makes hard choices--such as when and whether to start a family or advance in the workplace--even harder. There are no easy solutions, but there are ways women can hold fast to their dreams. They must band together, learn to blow their own horns, and structure their lives in a way that promotes recognition.     

Stock Price Effects of Mandatory Exchangeable Debt

We study mandatory exchangeable debt offerings. A firm that issues mandatory exchangeable debt requires bondholders to exchange their bonds for shares of the underlying firm in which the issuing firm has a stake. We find significant announcement (−3.3%) and long-run (−13%) abnormal price declines for underlying companies. The evidence is consistent with the hypothesis that mandatory exchangeable debt issuers exploit private information that they possess to issue mandatory exchangeable debt when the underlying stock is overvalued.     

污染产业转移成因及政府规制探讨

产业转移是地区分工和国际分工的客观要求,但由于环境外部性内在化程度在地区间存在差异以及地方政府追求特定目标动机的存在,使得污染问题伴随产业转移而影响了转入地的生态环境.结合江苏省内产业转移现状,探讨污染产业转移的成因,认为现有政府规制方式失灵,提出了解决污染转移的新方式.     

The interaction between macroprudential and monetary policies: The cases of Norway and Sweden

To shed light on the interaction between macroprudential and monetary policies, we study the inward transmission of foreign monetary policy in conjunction with domestic macroprudential and monetary policies in Norway and Sweden. Using detailed bank‐level data, we show how Norwegian and Swedish banks’ lending reacts to monetary policy surprises arising abroad, controlling for the domestic macroprudential stance and the interaction between monetary and macroprudential policies. In both countries, domestic macroprudential policy helps mitigate the effects arising from foreign monetary surprises.