How do interdependencies among human‐capital deployment,development, and diversification strategies affect firms' financial performance?

Using key insights from the resource‐based view of the firm, we develop and test a theory of how firms can successfully deploy and develop their strategic human assets while managing the trade‐offs in their service and geographical diversification strategies. In a sample of large law firms we find that, even though firms profit from expert human‐capital leveraging strategy and service and geographical diversification strategies individually, pursuing these strategies simultaneously at high levels produces negative interaction effects on firm profitability. In addition, the internally developed, firm‐specific associate human capital strategically fits better with high levels of expert human‐capital leveraging. While lateral hiring helps firms build new knowledge bases and take advantage of growth opportunities, pursuing high levels of both expert human‐capital leveraging and lateral hiring of associates results in lower profitability. To fully capture the economic benefits from strategies of diversification, human‐capital leveraging and lateral hiring, firms should understand and manage the complex interdependencies among multiple levels of strategy. Copyright © 2005 John Wiley & Sons, Ltd.     

Competitive analysis of cross cultural information search behavior

The aim of this study was to investigate German, French, and British travelers’ information search behavior. This study used the data collected from a series of in-flight surveys on German, British, and French travelers to the US between January and December 1997. To visualize tourists’ information research behavior, a correspondence analysis was employed. The results from correspondence analysis revealed two-dimensional solutions: the first was labeled as business/leisure dimension, and the second was identified as dependent/independent information search behavior. In addition, four distinct market segments based on the information search behavior emerged from the analysis. In conclusion, future study in respect to cross-cultural choice behaviors was advocated.     

Real exchange rates and job flows: evidence from Turkey

This study investigates the effects of the real exchange rate on job flows in Turkish manufacturing industries between 2006 and 2015 using data at the four-digit NACE Revision 2 level. Using dynamic panel data models, we find that a real appreciation increases gross and net job creation rates, and that the effect of appreciation is magnified as the exposure to international competitiveness of industries increases. We think that this is because Turkish manufacturing firms import a greater share of their inputs compared to the firms in developed countries. Hence, an appreciation creates more jobs because lower imported input costs enable firms to outcompete foreign producers.     

Infrastructure investment for a transition to hydrogen automobiles

This paper describes work undertaken in the MATISSE project to explore the potential for a sustainable hydrogen transition within Europe and the implications for infrastructure investment. Stakeholder engagement work conducted within MATISSE identified unsustainable aspects of current transport and desirable characteristics of sustainable hydrogen road transport. Key criteria were: emissions reduction, security of energy supply, affordability and economic competitiveness.Results from the ASTRA model show that a transition to hydrogen transport fuels would have an increase in GDP, employment and investment; and growth in a number of sectors (electronic, chemical, mechanical and automotive) associated with hydrogen fuel cell technology. A hydrogen diffusion model shows that in a few years after 2040 all cars in Germany could be hydrogen driven cars. Fast build-up of a network of at least 500 filling stations (in urban areas and at highways) is very important for the market acceptance of hydrogen vehicles and compared with subsidies for vehicles and fuel the necessary investments are very small. For fuel infrastructure:

•

Only a total amount of approx. 200 million Euros are necessary for infrastructure build-up in urban areas.

•

Additional support is needed for installation of hydrogen filing stations on highways (approx. 100 million Euros).

     

我国信用环境与现代服务业耦合关系的定量研究

随着我国社会主义市场经济的快速发展,信用环境与现代服务业的相互作用日益显著。本文借鉴物理学中耦合系统的相关原理,运用主成分分析法与协方差相关关系矩阵的技术手段,构建了信用环境和现代服务业的耦合关系模型。通过对这种耦合系统进行探索性的定量研究,本文发现信用环境与现代服务业的总指标存在较强的相关性,二者相互促进,且在局部指标中也具有诸多相互促进关系。     

Socio-Economic Effects of Agri-Tourism on Local Communities in Turkey: The Case of Aglasun

This research aims to investigate the main socio-economic effects of agri-tourism on local community of Aglasun village in Burdur, Turkey. The study tries to give a perspective on the development of agri-tourism in Turkey and has a purpose of focusing on the social and economical dynamics of the host-guest encounters by pointing out the linkage between agriculture and tourism as a growing importance among tourism scholars. According to the interview results, economic benefits of agri-tourism have not been observed yet, since it is a new type of development in the region. Some dimensions of social effects such as tourist contact and cultural exchange are more observable than the others such as eating&drinking habits or clothing habits. Since there is not not any fully developed agri-touristic village in Turkey, the study is going to focus on the future expectations, long term benefits and perceptions on agri-tourism.     

Making Small Numbers Count: Environmental and Financial Feedback in Promoting Eco-driving Behaviours

Energy conservation results in environmental (reduced emissions) and financial (reduced costs) savings. Consumers’ perception of the worthiness of changes in behaviour may differ depending on whether environmental or financial savings are emphasized. The current study investigated the effects of using either environmental or financial feedback in the context of eco-driving. Participants evaluated six scenarios describing different eco-driving behaviours. Participants in experimental groups were informed about either the environmental or financial savings realized by adopting the behaviours. A control group did not receive information on possible savings. Results indicated that, unlike commonly assumed, environmental savings are considered more worthwhile than commensurate financial savings. Yet, intentions to adopt eco-driving behaviours were mainly sensitive to the presence of feedback per se, rather than the content of feedback. We discuss the theoretical and practical implications of these findings.     

The role of biomass energy consumption and economic complexity on environmental sustainability in G7 economies

This paper empirically examines the effect of biomass energy consumption and economic complexity on environmental sustainability in G7 economies. The current study attempts to report a comprehensive analysis of biomass energy and economic complexity on ecological and carbon footprints and carbon emissions. We employ data from 1990 to 2019 and adopt robust panel econometric techniques that account for the analysis's cross-sectional dependence. We conduct cointegration analysis, pooled ordinary least squares (OLS), system generalized method of moments (GMM) and conditional quantile model for our empirical analysis. The empirical findings show that both biomass energy consumption and economic complexity are detrimental to the ecological footprint and carbon footprint. Additionally, we find that globalization positively affects the environment, while we find some evidence that bureaucratic quality improves environmental quality. Finally, in line with other research, we find that economic growth has detrimental effects on the environment. Our results suggest that policymakers should be more cautious in promoting biomass as a clean energy source and that the G7 economies should take advantage of their leading position in innovation to invest more in sustainable practices and investment.