World Trade Law,Culture, Heritage and Tourism. Towards a Holistic Conceptual Approach?

This article argues that law is an important factor in the consideration of the evolution of tourism discourse. Thus it is important for academics to consider the law-tourism connection. But law is a dynamic phenomenon that is experiencing change. Within law, the domain of world trade is increasingly significant. In addition, the conceptualisation of culture and heritage is ongoing and as the law has implications for the development of those concepts, then correspondingly the law-culture and heritage connection should be considered. World trade law in turn has culture and heritage implications. Tourism will be affected by both the evolution of world trade and evolving conceptions of culture and heritage, not least legal ones. Accordingly, as a result of the increasing interpenetration and interconnections of issues, it is submitted that consideration of the four conceptual domains of world trade, law, tourism and culture and heritage, suggests the desirability of a holistic approach to (or awareness of) the consideration of certain issues that may fall into the intellectual space advanced by the potential intersection of these issues. This is especially justifiable in view of the multiplicity of academic viewpoints that studies of tourism embrace. It may be necessary in order to provide options for the solution of legal issues that involve these factors. Thus it is argued that it is important to consider the domain delineated above in a holistic way, recognising that the forces of development act reflexively on each other as a start in order to overcome inevitable epistemological difficulties.     

The Role of Cognitive Development and Socialization in the Initial Development of Team Loyalty

Using Piaget's (1970) theory of cognitive development, the present study examines when children first begin to demonstrate team loyalty. An interview and testing protocol was administered to children aged 5-6 and 8-9. Preoperational, transitional, and concrete operational children were capable of demonstrating a psychological commitment to a favorite team that was resistant to change, but not the behavioral consistency indicative of loyalty. The current study demonstrates that children form preferences for sports teams early in life and that they are capable of forming a commitment to a sports team as young as age 5. The present study is one of the first efforts to include a transitional phase in the assessment of cognitive development. Results from the interviews showed that fathers were the most influential socializing agent relative to introducing children to sports teams and that the gender stereotype associating sports with males was prevalent among children in both age groups.     

Information Processing Differences among Broadcast Media: Review and Suggestions for Research

Abstract

The research literature on the processing and cognitive response differences among broadcast media is reviewed and considered in relation to recent theoretical advances, with particular attention being given to resolving the inconsistent findings between the studies. Suggestions are provided for conducting research on the subject.     

The Relation between Stakeholder Management,Firm Value,and CEO Compensation: A Test of Enlightened Value Maximization

Whether firms pursue shareholder value maximization or the maximization of stakeholder welfare is a controversial issue whose outcomes seem irreconcilable. We propose that firms are likely to compensate their executives for pursuing the firm's goal be it shareholder value maximization or the maximization of stakeholder welfare. In this paper, we examine the correlation between firm value, stakeholder management, and compensation. We find that stakeholder management is positively related to firm value. However, firms do not compensate managers for having good relationships with its stakeholders. These results do not support stakeholder theory. We also find an endogenous association between compensation and firm value. Our results are consistent with Jensen's (2001) enlightened value maximization theory. Managers are compensated for achieving the firm's ultimate goal, value maximization. However, managers optimize interaction with stakeholders to accomplish this objective.     

“Business and Government” Then and Now

Socio-environmental conflicts are widespread, and global economic growth will likely increase them in the coming decades. While political ecology, the analysis of common pool resources, and ecological economics, among others, have provided praiseworthy insights into such conflicts, institutional approaches to these phenomena are still scarce. Classical institutional economics has occasionally been put to work on environmental issues, but proposed frameworks remain relatively underdeveloped. We wish to contribute to institutional research on environmental issues by building upon Bruno Théret’s interpretation of John R. Commons’s transactional model and applying the framework to a case of socio-environmental conflicts. First, we briefly sketch the landscape of institutional contributions (especially those that follow the classical institutionalist tradition) to the analysis of environmental issues. We explain why Commons has largely been ignored on these issues. Then, we analyze some of the key concepts of Commonsian economics that are of particular interest to our theoretical elaboration. Following this, we depict Commons’s transactional scheme and propose an application to a case of socioenvironmental mining conflict in Peru. Our framework could complement existing ones and shed light on the institutional dynamics of natural-resource management through conflict.     

Interpersonal Relationship,Service Quality,Seller Expertise: How Important Are They to Adolescent Consumers?

Drawing upon social capital theory and psychosocial development theory, this paper argues that a true buyer–seller relationship is a key determinant of favorable consumer behaviors for adolescent consumers of hairstylist services. Other important determinants include quality of the service delivery process (i.e., service quality as measured by the five SERVQUAL factors) and quality of the core service (in this case, the hairstylist's expertise). A survey of 350 adolescent consumers confirms these predictions. It shows that a true interpersonal relationship negatively moderates the positive effects of service quality on consumer satisfaction with, and overall assessment of the hairstylist. This negative moderating effect is labeled resource substitution benefit and the argument made that this is the fourth social capital benefit. The theoretical and practical implications of these findings are discussed. © 2012 Wiley Periodicals, Inc.     

Perceived marketing–sales relationship effectiveness: a matter of justice

There is a compelling need to improve the relationship between managers in marketing and sales departments. This paper argues that one critical way of enhancing individual managers’ perceptions of relationship effectiveness between these departments is to view the issue as a matter of justice and suggests that perceived marketing–sales relationship effectiveness is positively influenced by managers’ perceptions of organizational justice. Furthermore, it proposes that interfunctional communication has the potential to enhance the proposed positive effects of justice and hence needs to be considered and effectively managed when looking at marketing–sales relationship effectiveness. Data drawn from a survey of 203 marketing and sales managers in 38 consumer packaged goods companies are used to empirically test these predictions. The authors find that perceived sales–marketing relationship effectiveness is influenced by perceptions of distributive, procedural and interactional justice. Greater interfunctional communication is found to further enhance the positive effects of distributive and procedural justice on perceived relationship effectiveness, but it does not contribute to the already strong positive effects of interactional justice. Furthermore, results reveal important differences in the effects of justice on perceived relationship effectiveness across the marketing and sales departments.     

Perks and the informativeness of stock prices in the Chinese market

While the literature shows that perks can affect firm values positively or negatively, we argue that firms with higher perks are more likely to be associated with a lower quality of financial reporting, which, in turn, can affect the informativeness of stock prices. Based on hand-collected data on perks from Chinese listed firms, we find that firms with lower perks are associated with higher informativeness of stock prices (or lower R-square). Moreover, the positive association between perks and R-square is shown to be weaker for firms with higher financial reporting quality through audit and earnings quality measures.