Stigma and business failure: implications for entrepreneurs’ career choices

We use data from global entrepreneurship monitor to examine the act of entrepreneurial reentry by entrepreneurs who exit a failed business. We study reentry by mode of entry and by form of organizing. We find that, in countries where the levels of stigma and regulatory conveyance of stigma markings were at their highest, entrepreneurs who exited failed businesses were less likely to reenter into entrepreneurial activity. Our finding suggests that negative social and economic sanctions that are associated with stigma markings speak only to one side of the entrepreneurship phenomenon. On the other side, stigma can function as a stimulus for entrepreneurs to defy the illegitimacy of the failed business and to actively seek out and engage in innovative behaviors that contribute to the overall diversity of entrepreneurial activities in their country.     

Emotions, store-environmental cues, store-choice criteria, and marketing outcomes

This study integrates extant research relating to store-related cognitions, customer emotions (arousal and pleasure), satisfaction, and loyalty into one framework. The researchers administer a survey to 274 customers in four coffee shops of a major chain. Using these data, the researchers test the hypotheses and model with structural equation modelling. The findings suggest that (a) store-related cognitions differentially affect emotions and customer outcomes (satisfaction and loyalty) and (b) the two emotions of arousal and pleasure differentially mediate the relationships between store-related cognitions and customer outcomes.     

Is blockchain technology a watershed for tourism development?

ABSTRACT

The rise of blockchain technology could radically disrupt the global economy. As an emergent technology, blockchain is of broad and current interest in the tourism industry. Small island economies are at the forefront of adopting this digital asset and technology. For instance, the Caribbean economies are launching their first digital legal tender, and Aruba is developing a blockchain platform to boost tourism revenue. Given the velocity of adoption, blockchain technology holds significant implications for tourism development. This research letter provides a discourse on the adoption of blockchain technology among small island economies concerning the opportunities and potential challenges faced and offers practical implications for tourism stakeholders.     

Impacts of the Doha Round on Brazilian,Chinese and Indian agribusiness

The central themes to be addressed during the Doha Round of the world trade negotiations are the reduction of the agricultural production and export subsidies and improved market access for agricultural and non-agricultural goods. The G-20 group wields enough power to press negotiations at the Doha Round toward lower agricultural trade barriers and production and export subsidies. The objective of this study is to determine the impacts of the Doha Round on the economies of Brazil, China, and India. The Global Trade Analysis Project's (GTAP) general equilibrium model and database (version 7) are used. The Doha Round scenarios simulated in this paper consider the WTO agricultural production and export subsidy reduction requirement, and the application of the Harbinson approach, and Swiss formula to reduce import tariffs. Brazil and China present the highest GDP growth rate varying from 0.4 % to 1.4%. India shows a negative GDP growth rate in all scenarios, except in that which replicates the Uruguay Round. The welfare gains are positive, but small, for Brazil, China and India. The GDP loss observed in the economies of the EU25 and the US may make it difficult to reach a trade agreement at the Doha Round.     

The Economics of Erosion and Sustainable Practices: The Case of the Saint-Esprit Watershed

This paper examines the economics of the adoption of sustainable production practices for soil erosion control. The research was conducted on three case farms within the Saint‐Esprit watershed in Quebec using a two‐stage process. The first stage involved the use of GIS (Geographical Information Systems) to record erosion characteristics (slope, etc.) for these farmers'fields. This erosion information was then included as input information in the second stage of the process. Mixed integer linear programming (MILP) was used to model both individual farms and the watershed. Increasing erosion constraints were applied to these models to investigate changes in crop production mixes for farms and the watershed. A comparison of the results (farms versus watershed) was used to investigate policy questions concerning an optimal erosion constraint for society. Results generated indicate that farms with higher net incomes would be advantaged by erosion constraints set at the watershed level, whereas farms with lower net revenues would be disadvantaged. Thus, trading of pollution permits could be encouraged. Cet article examine les aspects économiques de l'adoption de pratiques de production durables visant a réduire l'érosion du sol. La recherche fut effectuée sur trois fermes situées dans le has sin du Saint‐Esprit au Québec, et impliqua un processus à deux étapes. Le premier étape consiste en l'utilisation du systéme d'informations géographiques “ SIG ” afin de noter les caractéristiques de l'érosion (pente, etc.) dans ces champs agricoles. Ces renseignements servirent de données au sein du deuxième étape. La méthode de programmation linéaire à nombres entiers mixtes fut employée afin de modéliser les fermes individuelles, ainsi que le bassin. Ensuite, les contraintes d‘érosion furent appliquées sur ces modèles de manière croissante, et ce afin d'étudier les changements dans le melange des productions de cultures pour les fermes et le bassin. Une comparaison des résultats (fermes vs. bassin) fut accomplie pour examiner les questions de politiques pouvant mener à une contrainte d‘érosion optimale pour la société. Les résultats obtenus démontrent que les fermes ayant des revenus nets élevés seraient avantagées par des contraintes d'érosion établies au niveau du bassin, tandis que les fermes aux revenus nets plus bas en seraient désavantagées. En conséquence, l'échange de permis de pollution est recommandé.     

Comments on ‘Forecasting with a real-time data set for macroeconomists’

The effects of data revision as removing measurement error on forecast model building is examined. I show various effects on model building using revised or instead real-time data. These effects include lag length selection and measured persistence. I then argue that in practice that one should include the entire dataset available (real-time and past revised data) in forecast construction.     

Do Complex Moral Reasoners Experience Greater Ethical Work Conflict?

Individuals who disagree that organizational interests legitimately supersede those of the wider society may experience conflict between their personal standards of ethics and those demanded by an employing organization, a conflict that is well documented. An additional question is whether or not individuals capable of complex moral reasoning experience greater conflict than those reasoning at a less developed level. This question was first positioned in a theoretical framework and then investigated using 115 survey responses from a student sample. Correlational analysis and hierarchical regression indicated that individuals scoring high on the Defining Issues Test measure of Kohlberg's stages of moral development experienced significantly greater workplace ethical conflict than low scorers. The finding that complex moral reasoners perceive greater conflict between their personal standards and typical organizational demands raises the issue of what reasoning orientation is rewarded in organizations. Individuals capable of complex moral reasoning may be likely to leave traditional organizations due to high conflict but more ‘ethically friendly’ organizations for complex reasoners seem unlikely unless these people occupy influential positions.