Trust, reputation and relationships in grazing rights markets: An experimental economic study

Trust is frequently a requirement for economic exchanges and the management of natural resources. Providing public information on past actions can promote trust through the formation of reputations. We developed an economic experiment to test whether a formal reputation mechanism could facilitate trusting relationships in the tradable grazing rights markets. Providing information to create formal public reputations for market participants did not increase the overall efficiency of the market. However, it did result in greater equality of income between partners, suggesting that participants showed more concern for their partners when they knew they would be rated. Even with public reputation information, bilateral relationships remained central to the market. Market failures in existing grazing rights markets may be better addressed by measures to increase communication between partners rather than simply relying on a formal reputation mechanism.     

Experience and a firm's performance in foreign markets: A commentary essay

Wu and Lin (2010) extend several prominent themes in the experience and subsidiary performance literature in their empirical examination of the foreign expansion of Taiwanese MNEs. This commentary essay considers the themes in Wu and Lin (2010) against the backdrop of the considerable volume of research that has been conducted on experiential learning and firm performance in both the international business and strategy literatures. Five weak axioms about the relationships between experience, foreign market entry strategy, and performance emerge in this review. Based on these weak axioms, the commentary concludes that scholars need to concentrate future research on understanding the management and process-related issues that concern the effective management of a firm's experiential learning processes to foster better capability and knowledge development from a firm's experience, as well as translate such developments into improved performance prospects for a firm.     

Inequality and Unsustainable Growth:TWO Sides of the Same Coin?

Over the long run, sustained growth is central to poverty reduction.The rapid growth seen in much of the world over the past few decades, notably, but not only, in China and India, has led to an unprecedented reduction in poverty.And, in general, increases in per capita income tend to translate into proportionate increases in income of the poor.As Dollar and Kraay memorably put it, "Growth Is Good for the Poor."Some inequality is integral to the effective functioning of a market economy and the incentives needed for investment and growth.But too much inequality might be destructive to growth.Beyond the risk that inequality.     

Value Congruence and Charismatic Leadership in CEO–Top Manager Relationships: An Empirical Investigation

Although charismatic leadership theorists have long argued that leader–follower value congruence plays a central role in the development of charismatic relationships, few studies have tested this proposition. Using data from two studies involving a total of 329 CEOs and 1807 members of their top management teams, we tested the hypothesis that value congruence between leaders and their followers is empirically linked to follower perceptions of the charisma of their leader. Consistent with a relational perspective on charismatic leadership, strong support was found for the hypothesis that perceived value congruence between leaders (CEOs) and their followers (members of their top management teams) is positively related to follower perceptions of the degree of charisma possessed by the leader. Conversely, only limited support was found for the hypothesis that actual value congruence is linked to perceptions of charismatic leadership. Implications of these findings for research and practice are discussed.     

Investigating the immediate and long-term effects of job stressors on frontline service employees

Two studies investigate the immediate and long-term effects of job stressors on frontline service employees (FSEs). Using cognitive appraisal theory, we develop and test a conceptual model of two job stressors (crowding and emotional labor) that affect coping strategies and job outcomes. Study 1, which is a field experiment, investigates the immediate effects of crowding in a single firm. Study 2 extends the findings of Study 1 and investigates the long-term effects of emotional labor and crowding on FSEs across multiple firms. The results show that crowding has a negative impact on coping strategies and job-related outcomes. In addition, emotional labor can lead to long-term negative outcomes, such as emotional exhaustion and decreased job retention, for some FSEs. Consequently, service organizations should consider strategies or tactics that prevent high levels of customer crowding and help FSEs deal with emotional labor.     

The veterinary medicine industry in Britain in the twentieth century

Economic historians have focused research effort on accounting for the growth and significance of Britain's pharmaceutical industry, but little effort has so far been directed at the veterinary medicine industry, which formed an important part of the wider sector. This article addresses that gap. Factors responsible for that sector's relative insignificance until the 1950s included a general tendency to slaughter rather than to treat sick animals, the absence of advanced medicines until the innovation of sulpha drugs and antibiotics, and difficult relations with the wider pharmaceutical industry. Thereafter output of veterinary medicines increased dramatically, arising from an exponential growth in the demand for intensively farmed poultry meat. Since the 1980s a decline in the use of drugs in agriculture has caused the industry to concentrate on the health needs of domestic animals rather than those of livestock.     

Poverty in Edwardian Britain

This article introduces a newly discovered household budget data set for 1904. We use these data to estimate urban poverty among working families in the British Isles. Applying Bowley's poverty line, we estimate that at least 23 per cent of people in urban working households and 18 per cent of working households had income insufficient to meet minimum needs. This is well above Rowntree's estimate of primary poverty for York in 1899 and high in the range that Bowley found in northern towns in 1912–13. The skill gradient of poverty is steep; for instance, among labourers' households, the poverty rates are close to 50 per cent. Measures of the depth of poverty are relatively low in the data, suggesting that most poor male-headed working households were close to meeting Bowley's new standard.     

Contingency Factors in the Effects of Rater Training on Interrater Agreement: Some Lint in the Bellybutton of Past Research

Researchers, examining the need to train performance appraisal raters, have typically used a complex rating task with several dimensions. However, results of a recent training survey (Mealiea and Duffy, 1986) showed that a number of Canadian organizations use a simple one-item, global rating of employee performance, and they are satisfied with their rating process. The present study looks at the influence of the rating task and the type of measurement on the relationship between rater training and rater effectiveness. Subjects were 105 (approximately 50 per cent female and 50 per cent male) patrons of a tavern in upstate New York who served as contestants in a contest of belly button beauty. Four judges, randomly selected from the audience, served over a three week period. Interrater reliability was assessed using a version of the intraclass correlation coefficient, and the Spearman Brown formula was used to estimate the mean reliability of the four judges. The results indicated an absence of leniency and central tendency bias and high interrater reliability without benefit of training. During the three weeks of the study, the average interrater reliabilities were .85, .99, and .99, respectively. The results, as hypothesized, extend the rater training and measurement literature and can be most parsimoniously explained by adding a contingency factor of task/scale characteristics to the rater training effectiveness theory. Résumé Les chercheurs qui ont examiné le besoin de formation pour les évaluateurs de performance ont toujurs utilisé une tǎche d'évaluation complexe au cours de laquelle plusieurs dimensions étaient évaluées. Cependfant les résultats d'un sondage récent (Mealiea et Duffy, 1986) ont démontré qu'un grand nombre d'entreprises canadiennes utilisent un système global à composante unique pour l'évaluation de la performance et sont satisfaits de cette méthode. La présente étude évalue l'influence de la tǎche d'évaluation et le type de mesure sur la relation entre la formation de l'évaluation et son efficacité. Les sujets de cette étude étaient formés de 105 clients (moitié hommes et moitié femmes approximativement) d'un bar de l'état de New York qui participaient à un concours de beauté ombilicale. Quatre juges choisis au hazard dans la salle ont servi pendant une période de trois semaines. La fiabilité a été évaluée à l'aide d'une version du coefficient de correlation interclasse et la formule Spearman Brown a été utilisée pour estimer la fiabilité moyenne des quatre juges. Les résultats ont démontré l'absence de laxisme et de préjugé à tendance centrale et une fiabilité relative élevées des évaluateurs. Pendant les trois semaines de l'étude, les moyennes de fiabilité étaient de .85, .99, et .99 respectivement. Les résultats, tel que prévu confirment les ouvrages concernant la formation et l'évaluation des évaluateurs et peut ětre expliquée avec grand parcimonie en ajoutant un facteur de contingentement de caractéristiques tǎche/ échelle a la théorie d'efficacité de formation de l'évaluateur.