Influences on Student Intention and Behavior Toward Environmental Sustainability

As organizations place greater emphasis on environmental objectives, business educators must produce the next set of leaders who can champion corporate environmental sustainability initiatives. However, environmental sustainability represents a polarizing topic with some students dismissing its importance and legitimacy. Limited research exists to understand student behavioral influences on sustainability education, especially as it translates to environmental sustainability behavior in the workplace. This gap challenges our ability as educators to understand how to best teach environmental sustainability in order to reach diverse student mindsets. We apply the theory of planned behavior (TPB) to address this gap, investigating the influence of student attitudes, subjective norm, and perceived behavioral control on environmental sustainability intention and behavior. A structural model tested with student survey data finds that student attitude represents the strongest influence on environmental sustainability intention. The model also validates that subjective norm affects sustainability intention with students considering professors along with business leaders and politicians as valid references for sustainability knowledge. To tie the results to effective educational interventions, we use the TPB to organize an extensive review of the sustainability pedagogy literature and identify specific teaching recommendations for increasing the effectiveness of environmental sustainability education.     

Re-integrating the central Asian republics into the world economy

The dissolution of the former Soviet Union (FSU) and the establishment of the Commonwealth of Independent States (CIS) out of the former Soviet Republics has seen the creation of a number of new independent countries in Central Asia. These six Republics —Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan—are, albeit to different degrees, only at the beginning of the historic process of transformation from a command to a predominantly competitive market-based economic system. This paper¹ will survey the prospects for industrial development and the challenges for enterprise restructuring, privatization and private sector development in four of the republics: Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan.     

Corporatism and the European Labour Market after 1992

This paper addresses the question of the effect of labour market institutions on economic performance. It reviews evidence to show that the performances of highly centralized, or 'corporatist' economies, such as Sweden and Austria, have in the past been superior to those of the current EC members. It considers the implications of this for European labour markets given the process of European integration. It seems likely that Europe as a whole will gravitate to a weak form of corporatism which may be associated with poor economic performance. Therefore we contrast the prospects of a neo-liberal deregulatory with a more corporatist strategy as the optimum response for the Europe Community of the 1990s.     

Changes in urban land values: 1836–1970

A model is developed for measuring the return to holding land and those returns are examined using a random coefficient estimation procedure for specific periods from 1836 to 1970. This statistical model provides a mean rate of return for land and a predictor for each time period. The results suggest that the long-term return to holding land is no higher than the rate of return to holding high-grade bonds. For shorter holding periods, the returns vary significantly.     

The changing fortunes of an aristocracy? Determinants of wages and conditions of employment in Kenya

This article examines the functioning of the labour market in the modern sector in Kenya and, in particular, considers the determinants of wages and other conditions of employment. An analysis of negotiated wages from collective agreements signed during 1974–75 suggests that measures of an ‘ability to pay’ characteristic of industries with limited competition in the product market and realizing above-average labour productivity are the best predictors of inter-industry wage differences. Locational and ownership variables are also found to be significant. Size of labour force is only significant for clerical wage rates. Four case studies suggest superior conditions of employment are positively associated with higher than average wages.     

Do multiple parents help or hinder international joint venture performance? The mediating roles of contract completeness and partner cooperation

We develop a mediation model in which the number of partners in a joint venture affects venture performance through contract completeness and partner cooperation. In a sample of 224 international joint ventures, we find that the number of partners is negatively related to venture contract completeness and partner cooperation, both of which are positively related to joint venture performance. The number of partners is inversely related to joint venture performance and the relationship is mediated by contract completeness and partner cooperation. We discuss theoretical and managerial implications for joint venture research and practice. Copyright © 2007 John Wiley & Sons, Ltd.     

Development Value: A Real Options Approach Using Empirical Data

This paper combines an empirical methodology and a theoretical options approach to determine the real option values of development and delay for vacant parcels of land in the City of Chicago. A theoretical options model provides an option price that incorporates future uncertainty. The data allow for disaggregation down to specific land use categories and results show option values vary across zoning categories and within zoning categories for specific land uses.     

The Effects of Issue Characteristics on the Recognition of Moral Issues

The construct of moral intensity, proposed by Jones (1991), was used to predict the extent to which individuals were able to recognize moral issues. We tested for the effects of the six dimensions of moral intensity: social consensus, proximity, concentration of effect, probability of effect, temporal immediacy and magnitude of consequences. A scenario-based study, conducted among business individuals in Singapore, revealed that social consensus and magnitude of consequences influenced the recognition of moral issues. The study provided evidence for the effects of temporal immediacy. There was marginal support for the impact of proximity and probability of effect but no evidence that concentration of effect influenced recognition of moral issues. The paper concludes with a discussion of the implications of these results for researchers and organisational practitioners.     

Pot of gold or winner's curse? An event study of the auctions of 3G mobile telephone licences in the UK

Commentators have suggested that the winning companies in the UK 3G mobile telephone auction overpaid for their licences. However, event‐study method using the market model under ordinary least squares (OLS), robust and structural time‐series estimation yields no systematic evidence of the ‘winner's curse’. Positive as well as negative one‐day wealth effects are observed amongst both winners and losers, and there is no lasting adverse market reaction to the winners, taken as a group. We conclude there is no case for easing the regulatory stance in the industry on grounds that the winners paid too much.     

Transaction Costs, Suboptimal Termination and Default Probabilities

The same option-based methodology now commonly used to value mortgages and their termination features also can be applied to calculate the probabilities that mortgage default will occur. This paper pursues that idea, and furthermore, enriches the idealized option-based approach by introducing both transaction costs and "suboptimal" termination. These latter features capture the individual considerations that cause a mortgage holder's actions to differ from what rationality would indicate based solely on the market value of the mortgage. These features are of considerable importance if the results of options-based models are to be made comparable to those calculations of default probabilities occurring in the empirical literature.