Independent directors and firm performance in family controlled firms: evidence from Indonesia

We analyse the relationship between board structure and firm performance in family‐controlled firms using a sample of Indonesian non‐financial companies. We find that the share of independent directors on the board has an insignificant relationship with firm performance. We suspect that the result is driven by the lack of institutional reforms in relation to the appointment of independent directors. Our analysis shows strong empirical support for the proposition that family control (family ownership and family involvement on the board) is negatively related to firm performance. However, the significant effect of family ownership disappears when family involvement on the board is taken into the model. This result indicates that family ownership is more detrimental to firm performance whenever the family is highly involved in control decisions. Our results suggest that Indonesia needs to implement governance reforms that prevent majority owners from exercising excessive control over firms.     

Job Security,Financial Security and Worker Well‐being: New Evidence on the Effects of Flexible Employment

This paper uses panel data drawn from the Household, Income and Labour Dynamics in Australia (HILDA) survey to provide new evidence of the links between unemployment, wages, job security, financial security and workers' well‐being for workers in flexible employment. Our findings indicate that workers in flexible employment encounter more unemployment and experience increased job insecurity; unemployment is associated with wage penalties. Lower wages, job insecurity and financial insecurity affect well‐being. However, these negative outcomes are mitigated by longer job tenure. Our results have implications for moves towards a flexicurity model of employment     

Interlocking directorates and the knowledge transfer of supermarket retail techniques from North America to Britain

Abstract

This paper considers the importance of interlocking directorates in knowledge transfer within the retail sector. In doing so it provides a discussion of the types of knowledge and more especially the importance of tacit knowledge. Such ideas are set against a more detailed review of the changing perspectives on the role of interlocking directorships. These discussions serve as a conceptual framework to a major case study of knowledge transfer between North America and British food retailers in terms of the innovation of self-service and the development of supermarkets in post-war Britain.     

Consumer Perceptions of Sustainability: A Free Elicitation Study

While sustainability has long been conceptualized as comprising three pillars (ecological, economic, and social), extant research and practice tends to focus on the ecological dimension of sustainability. Sustainable products and services are often marketed as a proxy for “environmentally appropriate” without considering other dimensions. As a result consumers may be under the misconception that sustainability is a one-dimensional concept and the way that researchers and marketers are employing this term may be perpetuating this (mis)understanding. This research explores the way that consumers interpret this construct. The results lend support to the argument that a one-dimensional operationalization of sustainability may be underestimating the importance of the social, economic, and time dimensions in consumer perceptions.     

Mapping research on legacy of mega sporting events: structural changes,consequences, and stakeholder evaluations in empirical studies

ABSTRACT

Findings from empirical studies on the legacy of hosting a mega sporting event are inconclusive. This paper considers empirical studies published in English language peer-reviewed journals between 1997 and 2016 to identify trends and gaps in current knowledge related to event-attributed changes in structures, consequences, and stakeholder evaluations. Following systematic literature search guidelines, 233 articles (238 studies) were coded. The authors assessed structural changes, consequences, and stakeholder evaluations. Contextual factors, such as type of event, timeframe, and geographical location were also considered, as well as research design, methods, and a risk of bias assessment. Most studies considered structural changes per se, without further specification (such as the urban and human level). Economic and social consequences were the two most often considered consequences. The range of stakeholders considered in the studies was diverse, although host city residents received the most research attention. The mapping helps scholars better understand dominant themes, critically appraise studies as well as identify gaps in existing research. The authors discuss managerial implications and propose research directions that address concerns: unclear definition and biased selection of relevant stakeholder groups, short legacy timeframes, and the low-level evidence for cause-effect relationships in the legacy production process.     

Fostering community empowerment and capacity building through tourism: perspectives from Dullstroom,South Africa

This study observed tourism development in the popular South African destination of Dullstroom, Mpumalanga, and sought to identify the significant social benefits that have been fostered as a result. Dullstroom is synonymous with fly-fishing and is well-known throughout the country for its unique natural environment that is host to diverse flora and fauna. In the South African context, the impacts generated by tourism development on local communities have remained preoccupied with the economic benefits they deliver and rarely the important social gains that may also be developed. Between October 2012 and March 2013, a qualitative research methodology was developed to capture the views and experiences of 46 local employees (predominantly Non-white, South African females) and 16 owners or managers of local tourism-focused businesses. The findings reveal that tourism development has provided a number of positive impacts and that local community members encountered a number of benefits that ventured beyond economic factors. These benefits included empowerment through capacity building and the acquisition of positions that involved a high degree of responsibility, many of which would have been otherwise unobtainable but for the support of local tourism businesses. Others were afforded opportunities to pursue formal qualifications that enabled them to pursue dreams of senior positions or even new career paths beyond Dullstroom. The platforms that enabled these outcomes are discussed from the perspectives of both employers and employees in the local tourism economy.     

Male nudity in advertisements: A modified replication and extension of gender and product effects

This article explores the relatively unknown effects of male nudity in print ads on selected consumer responses. A previously used experimental design that examines different model dress levels in conjunction with two different products was replicated to test dress level, respondent, and product effects. Multivariate analysis of variance results indicated that respondent gender and dress level of the model significantly affect measures of mood, attitude toward the advertiser, attitude toward the ad, and attitude toward the brand. These findings provide important information to advertisers considering using male nudity or suggestive poses in ads and provide support for oppositesex and product congruency effects found previously in other research. She received her D.B.A. from Louisiana Tech University. Her research has appeared in theJournal of Business Ethics, Journal of Health Care Marketing, and numerous conference proceedings. His research has been published in regional journals and conference proceedings. His articles have appeared in journals such as theJournal of the Academy of Marketing Science, Journal of Marketing Research, Journal of Personal Selling and Sales Management, Journal of Advertising, Journal of Business Research, Journal of Retailing, andJournal of Business Ethics.