Moldova's internet revolution: Analyzing the role of technologies in various phases of the confrontation

In recent times we have witnessed the fundamental impacts that information and communication technologies (ICTs) have had on the outcomes of contentious political confrontations. In this paper, we analyze the role played by Internet-based and cellular ICTs in Moldova's Revolution of April 2009. Specifically, we identify what, why, and how technologies were used during various phases of the uprising. Our findings show that: 1) the protesters organized their initial mobilization through social network services (SNS) and short message service (SMS); 2) Twitter was mostly used during later phases of the revolution – the active street protests and the subsequent information war – for communication about the conflict both locally and globally; and 3) through skillful use of new Internet-based ICTs, it is possible to conduct a successful revolution without noticeable prior offline organization. Theoretical and practical implications for the use of ICTs in contentious political environments are also discussed.     

The Meanings and Effectiveness of World Heritage Designation in the USA

The USA played a pivotal role in developing the idea of the World Heritage Convention just over 30 years ago. This paper begins by examining the history of the World Heritage Convention's practical application in the USA and goes on to discuss the Convention's present-day application at Yellowstone National Park, Great Smoky Mountains National Park and the national scale. It may be concluded that although there is a high level of compliance with the requirements of the World Heritage Convention, numerous issues need to be resolved to ensure that World Heritage Site designation remains an effective protection tool for sites of international importance.     

Matching Industries between Target and Acquirer in High-Tech Mergers and Acquisitions

Mergers and acquisitions (M&As) have been regarded as a highly viable option for fostering innovation, gaining new products or services, and gaining access to new markets in high technology firms. This study analyzes several alternative variables that impact M&A choices by analyzing their relationship to the industry of both the acquirer and target. Results support two hypotheses implying that (1) M&A transactions with the same acquirer and target industry are more likely to be acquisitions that delivers a greater final share of the target organization to the acquirer, and (2) acquirers are more likely to invest greater dollar amounts in targets that have the same primary industry.     

The Winner's Curse Model of Underpricing: A Critical Assessment

The underpricing of Initial Public Offerings (IPOs) on equity markets is a well documented phenomenon that has received both theoretical and empirical inquiry. The model which has received most attention in recent years is Rock's (1986) Winner's Curse model. The paper critically evaluates this model and shows that it rests on a number of conflicting assumptions and a form of analysis which is in contradiction with its core hypothesis, and, furthermore, produces propositions that are largely untestable. Thus, any existing empirical support for the model is open to doubt. The paper concludes that further exploration of the underpricing phenomenon is warranted.     

United States current account deficits: A stochastic optimal control analysis

The “Pessimists” and the “Optimists” disagree whether the US external deficits and the associated buildup of US net foreign liabilities are problems that require urgent attention. A warning signal should be that the debt ratio deviates significantly from the optimal ratio. The optimal debt ratio or debt burden should take into account the vulnerability of consumption to shocks from the productivity of capital, the interest rate and exchange rate. The optimal debt ratio is derived from inter-temporal optimization using Dynamic Programming, because the shocks are unpredictable, and it is essential to have a feedback control mechanism. The optimal ratio depends upon the risk adjusted net return and risk aversion both at home and abroad. On the basis of alternative estimates, we conclude that the Pessimists’ fears are justified on the basis of trends. The trend of the actual debt ratio is higher than that of the optimal ratio. The Optimists are correct that the current debt ratio is not a menace, because the current level of the debt ratio is not above the corresponding level of the optimum ratio.     

Competency rallying for technical innovation—The case of the Virtuelle Fabrik

Technology improves at an ever-increasing rate, but the speed at which firms can adapt their strategies and competencies to develop technological innovations and exploit market opportunities remains limited. While networks provide an option to increase agility through collaborative access to relevant external competencies, we know little about systematically managing such networks. This paper identifies a collaborative network process that we label competency rallying. We describe the set of inter-organizational routines involved in competency rallying in a case study of the interactions among the partners of the Virtuelle Fabrik, a case of an organized regional network in the manufacturing industry in Switzerland. We describe competency rallying as the (1) identification and development of competencies, (2) identification and facing of market opportunities, (3) marshalling of competencies, and (4) short-term cooperative effort for technological innovation and commercialization. The paper contributes a model that furthers the understanding of the organizational character of networks based on specific, learned network capabilities and which allows prediction of the likelihood of success of practical collaboration projects in networked organizations.     

Antecedents to ambidexterity competency in high technology organizations

High tech organizations confront dual demands of exploring new products/processes and exploiting existing products/processes. Research shows that ambidextrous organizations can better manage these dual demands, but our understanding of the antecedents that lead to ambidexterity is still emerging. In addition, previous research has taken a piecemeal approach to understand ambidexterity and does not fully consider its multilevel nature. This research takes a multilevel perspective and argues that a competency in ambidexterity involves three capabilities at different organizational levels: decision risk (strategic level), structural differentiation (project level), and contextual alignment (meso level). After correcting for endogeneity we empirically examine the relationship between these antecedents and ambidexterity competency by collecting multi-level data from 34 high tech business units and 110 exploration and exploitation R&D projects. The results indicate that decision risk and contextual alignment affect ambidexterity competency for high tech organizations. Structural differentiation does not affect ambidexterity competency but has mixed effects on R&D project performance.     

A Comment on the Relationship between Coefficient Alpha and Scale Characteristics

To date, three major articles have analyzed the use of coefficient alpha on scales published in the marketing literature. These studies have improved our understanding of the scale development process and the behavior of coefficient alpha. One consistent result is that coefficient alpha produces an R-square of approximately .10 when regressed against scale length. In the most recent of these three meta-analyses, Peterson (1994) suggested that alpha does not behave as suggested by theory. We reexamine the behavior of alpha in relation to scale length, scale width, and response centrality. Our results suggest different conclusions from those previously reached.