Lawyers' Attitudes Towards Legal Services Advertising in Canada

There has been an abundance of research conducted in the United States to determine lawyers' attitudes towards legal service advertising and their intentions to advertise. However, there has been little replication of such studies in Canada. This study discovered that although there is not widespread opposition to legal service advertising, there is some disagreement and confusion over the value of advertising and some negative attitudes persist towards some aspects of advertising, particularly the advertising of legal fees. Further, there is some relationship between lawyers' attitudes towards advertising and the lawyer's personal and practice-related background.     

Halal Certification for Financial Products: A Transaction Cost Perspective

We argue that although halal certification could potentially reduce the high transaction costs related to buying Islamic financial products, in practice these costs are just replaced by transaction costs relating to the certification itself. It takes considerable time (2–3 months) and money (USD 122.000) to obtain a halal certification. Partially, this is because the market is highly concentrated and non-contestable. About 20 individual Sharia scholars control more than half the market, with the top 3 earning an estimated USD 4.5 million in fees per year. Moreover, this market seems plagued with problems, most notably a strong incentive for excessively lenient certification, lack of consensus on what is considered halal and sub-standard governance practices. We discuss solutions to these problems and conclude that a neutral non-profit government entity should assume the role of halal certifiers.     

Simultaneous-Equation Regression Analysis of Sales and Advertising

A simultaneous-equation regression model is developed and tested against aggregative time series data. The test involves the model as well as hypotheses regarding the structural parameters. Restrictions on the structural parameters imply limits on the parameters of the reduced-form equations. Estimates of the reduced-form coefficients must fall within the implied intervals in order for the model to be in agreement with the data.     

Competition and co-operation: toward understanding industrial districts 1

The central feature of the ‘industrial district’ is the balance between competition and co-operation among firms. This paper addresses the role of competition and co-operation in the organization of economic activity. We first compare Alfred Marshall's notion of industrial district and that of contemporary writers. We then discuss the limits of competition in the presence of such problems as asset specificity, measurement problems and externalities. We argue that under such circumstances industrial success depends on the effectiveness of collective institution-mediated co-operation. We further discuss various factors that might foster for hinder development of such institutions.     

Employment relationships within European airport retailing

Despite undergoing major strategic change, airport retailing has remained a neglected area of academic study. As a consequence, the structure and operation of labour market operations within airport retailing remains largely undocumented. This article attempts to redress this issue by providing an examination of the factors that influence the employment relationship within an airport environment. Using a qualitative research methodology, it details the means by which airport authorities and retailers have attempted to restructure their employment relations in response to changing market conditions. The article takes the concepts of labour market segmentation and flexibility and examines the applicability of ‘dualist’ theory to airport retailing.     

One hundred years of excellence in business education: What have we learned?

The quality of the next generation of business leaders will be determined by the ways in which business schools respond to a host of dramatic changes emerging in the environment of higher education. While specific initiatives will vary widely, one thing seems certain: business schools will need to be more nimble, more innovative, and more efficient than ever before. The Kelley School of Business, Indiana University has consistently been at the forefront of business education. Over the past century, the School has developed a set of capabilities that has enabled it to capitalize on the forces that have shaped the evolution of business education. In this article, we review several significant trends affecting the future of business education and share the success principles that we believe are most applicable to thriving in the new world that is on our doorstep.     

Learning in DEPTH: developing a graphical tool for professional thinking for technology teachers

In this issue of the International Journal of Technology and Design, we report on a series of case studies from the second phase of an international project—Developing Professional Thinking for Technology Teachers (DEPTH2). The first phase of the project was a study conducted with both primary and secondary technology pre-service teacher education students in a number of different countries who were given the same teacher-knowledge graphical framework as a tool to support reflection on their professional knowledge. We discovered that, despite the different country contexts, student teachers of technology could articulate aspects of their developing teacher knowledge using the same framework for teacher professional development. As previously reported in this journal (Banks et al. International Journal of Technology and Design Education, 14, 141–157, 2004), the common graphical tool enabled them to set out their subject knowledge, pedagogical knowledge and ‘school’ knowledge and was useful in helping them become more self-aware. In this second phase of the project we have developed this line of research in two ways. First, we extended the range of participants to include experienced teachers involved in in-service work connected to curriculum development. Second, we looked at the inter-relationship for pre-service teachers between their developing professional knowledge and their own ‘personal subject construct’. In this article, the theoretical framework for the subsequent papers is described and set in the context of recent debates surrounding the nature and importance of teacher knowledge; and the way such professional knowledge can be articulated by teachers.     

International tax arbitrage,currency options and put-call parity conditions

Using a finite-horizon general equilibrium model with uncertainty and money, we characterize situations where tax arbitrage opportunities may arise for international portfolio investors in an economy with heterogeneous capital income taxation where foreign currency exposure can be hedged using forward contracts and a set of currency options. We obtain tax-modified option prices similar to the no-tax ones, but augmented by tax-induced “risk-premium” terms; tax-modified put-call parity conditions are derived that revert to their standard (no-tax) format if the respective marginal agents in the bond and option markets are in identical tax brackets.     

National innovation systems and international knowledge flows: an exploratory investigation with the case of the Netherlands

Since the late 1980s, the literature on innovation systems has flourished, often tying these systems to nation-states. Technology, however, often flows across the borders of nations. In this paper, four cases are studied where foreign technology is imported and appropriated from abroad into Dutch companies. By doing so, the questions what a national system of innovation consists of and what such a system means for firms are explored. The cases studied provide a picture of international-sectoral systems, adding up to a loosely interacting innovation system at the national level.