Pawn to Save a Chariot,or Drawbridge Into the Fort? Firms' Disclosure During Standard Setting and Complementary Technologies Within Ecosystems

Research summary: W ithin an ecosystem, standard setting coordinates development of complementary technologies across firms. But each firm can itself own multiple of these complementary technologies. We study how a firm's own complementary technologies influence its disclosure inclination during standard setting. We identify a tradeoff: disclosure increases value‐creation of the firm's non‐disclosed complementary technologies, but also heightens expropriation risk. Using data on the U.S. communications equipment industry 1991–2008, we show that the firm's complementary technologies increase its disclosure inclination when its technological areas are less crowded, but decrease such inclination when there are SSO members with strong expropriation abilities. Findings stress that disclosure involves but a piece of the firm's portfolio; a systemic perspective of the entire portfolio provides a more comprehensive picture of value‐creation during standard setting . Managerial summary: W hy should a firm disclose its key technology to participate in standard setting within an ecosystem? We urge managers to think beyond “disclosing to ensure compatibility with other firms' complementary technologies within the ecosystem” as a motivation, to also consider how disclosure affects the firm's own complementary technologies within its portfolio. Disclosure in one technological area makes the firm's nondisclosed complementary technologies in other areas more valuable to itself, especially with fewer rivals competing in these other areas. But disclosure also renders the firm susceptible to losing these complementary technologies to rivals, especially when rivals have strong expropriation abilities. Analyzing disclosure decisions by communication equipment firms, we show that this tradeoff is indeed a relevant consideration in managers' strategic calculations when participating in standard setting . Copyright © 2017 John Wiley & Sons, Ltd.     

Training managers for overseas business operations in the Asia- Pacific region: a study of Singapore-based companies

The emerging economies of the Asia-Pacific region form a major arena of increasing overseas business operations. Yet little is known about the training provided by companies to develop managers for overseas assignment in the region. This article examines the training provided by Singapore-based companies for their business operations in the Asia-Pacific region and provides an insight into the companies’ training curriculum.     

Contrasting approaches of corporate and association meeting planners: how the hospitality industry should approach them differently

Using survey data, this paper examines the different goals and constraints facing corporate and association meeting planners (AMPs). It next shows how these differences produce 11 different concerns and behaviours. For instance, increased pressure for ethical behaviour and financial transparency has forced corporate meeting planners to focus attention on reducing meeting costs and to choose easily accessible and convenient properties for meetings. On the other hand, associations focus on the interests of their members and strive to comport with group norms, and therefore plan enjoyable family‐friendly meetings, often at relaxed and upscale locations. This paper outlines seven different ways in which the hospitality industry should approach corporate and AMPs. Copyright © 2007 John Wiley & Sons, Ltd.     

Deviation from Purchasing Power Parity: Evidence from Malaysia, 1973–1997

This paper presents an empirical test of Purchasing Power Parity (PPP) applied to the Malaysia ringgit for the period from 1973 (CPI) and 1984 (WPI) to 1997. Consistent with other research findings, it is detected that real exchange rate follows a random walk. Using multivariate cointegration methodology for the long-run relationship between real exchange rate and certain macro-economic variables, the study provides evidence supporting a long-run relationship between the real exchange rate and the current account balance and government spending, the last two variables have been not included in previous studies of this economy. The causality test between real exchange rate with the current account balance and government spending, however, does not receive support from the error-correction model. This suggests that both government spending and current account balance are not adequate to explain the changes in ringgit real exchange rate. The puzzle still remains unsolved.     

Cultural constraints on the emergence of women as leaders

Women, who have historically been less represented than men in leadership positions, emerge as leaders in some societies more than others. Unlike previous cultural explanations for this effect (rooted in differences in values, practices, or gender roles), we argue that a culture's tightness – its strength of norms and social sanctions – can provoke a resistance to change practices that historically placed men in leadership positions. Tighter cultures will yield fewer women represented among top leadership positions. Moreover, cultural tightness moderates the degree to which egalitarian practices – where individuals from both genders are treated equally – lead women to emerge as leaders. Specifically, differences in egalitarian practices are more likely to predict the emergence of women as leaders among tight rather than loose cultures because such practices are more strongly implemented in tight than weak cultures. Analysis of publicly available data reveals some preliminary support for predictions. This research concludes that loose cultures will be more receptive to changing existing cultural practices, but that tight cultures are more successful in implementing and sustaining such changes.     

Differential total factor productivity in the Four Dragons: the Singapore case

This paper introduces a concept of a latent resource to explain the seemingly low total factor productivity estimated for Singapore. It found that total factor productivity growth in the economy is not as dismal as estimated in other studies if the factor shares used in the computation are nearer to those of developed industrialized economies. The existence of a latent resource also explains the discrepancy in factor shares reported in published information as compared to the empirically derived figures. From this, the policy implication is that measures to maintain the latent resource become important for the Singapore economy to remain internationally competitive.     

Survey Accuracy as a Function of Usage Rate

Using a large-scale AT&T database, we decompose usage levels into frequency and duration, and then investigate how they affect survey response accuracy. Results show that more accurate surveys are obtained from those in the high frequency group (possibly because of the increased use of the more accurate rate-based method of recall and higher degrees of regularity), and from those in the longer duration group (possibly because of increased involvement). We therefore suggest that the survey method is less suited for light users because of higher error, and that alternative methods such as diaries might be more appropriate. We also found similarly consistent results with respect to self-perception of usage rate and the accuracy of survey recall.     

Bootstrap ARDL on energy-growth relationship for 22 OECD countries

Applying a recent bootstrap autoregressive distributed lag method, this article re-examines the energy-growth relationship for 22 OECD countries over the period 1966–2013. The empirical results suggest degenerate cases for eight countries. Only Japan is truly cointegrated. Some causality patterns are identified.