Understanding recreational shopping: A new approach

Abstract

In this article recreational shopping is of concern, the course of action whereby individuals experience enjoyment from shopping. The article reviews previous research in the area and suggests directions for further research. It is suggested that research in the area would benefit from drawing more upon research that focuses on the sociocultural, experiential, and symbolic aspects of consumption, such as, for instance, consumer culture theory (CCT). Thus, it is argued that recreational shopping needs to be acknowledged as a multifaceted activity that may be performed in various ways and embody different types of consumer meanings. It is also argued that there is a need to focus more on the influence of retail environments on individuals engaged in recreational shopping.     

Entrepreneurial politicians

This paper explores the entrepreneurial experience (and spirit) of politicians. To what extent have they been involved in entrepreneurial activities? Are politicians more or less entrepreneurial than their voters? Are entrepreneurship policies more or less important to politicians compared to the voters they represent? The Members of the Swedish Parliament were asked the same questions regarding their entrepreneurial activities as found in the Global Entrepreneurship Monitor (GEM). The empirical results indicate that when we analyse the statistical significance of the differences and control for individual characteristics, politicians have similar experiences and ambitions to the rest of the population when it comes to entrepreneurial activities. Politicians have a high potential for becoming entrepreneurs in the future, but seem to be less optimistic about how entrepreneurs are perceived in the cultural context. In addition, there is a substantial discrepancy between how politicians and voters perceive the ease of starting and running a business. Unlike politicians, voters do not agree that it is easy to start and run a business in Sweden.     

Weathering the storm: best practices for nonprofits in crisis

• Nonprofit organizations are as susceptible to crisis as any organization as exemplified by Livestrong's attempts to outlive Lance Armstrong's downfall and Planned Parenthood (PP) overcoming Susan G. Komen for the Cure's (SGK) policy to defund organizations under investigation. The public battles held on social media during crises such as these have forced organizations onto new battlegrounds. Supporters for each of these nonprofits proudly shared their thoughts via tweets (e.g. #IstandwithPP) and status updates, as the organizations raced to control the situation. PP had tweeted SGK's policy change creating a bevy of support while sending SGK into a reversal that is still costing racers. Surveys were distributed following Armstrong's performance-enhancing drug use confession and SGK's funding policy announcement to determine attitudes toward giving after organizational crisis. The Theory of Planned Behavior (TPB) was used to assess the strength of attitude, social norms, and perceived behavioral control on the intent to donate to these organizations. The use of TPB expands nonprofit marketing horizons by helping better understand stakeholder intentions and their causes. On the basis of the findings, best practices for nonprofits handling crisis were identified. In particular, organizations need to know their target audiences, know what will make supporters remain, look at crises as opportunities for renewal, be honest, and apologize when appropriate.

Copyright © 2014 John Wiley & Sons, Ltd.     

Der Einfluss risikominimierender Strategien der Parlamentarier auf die Bezüge

Erh?hungen der eigenen Bezüge durch die Parlamentarier rufen in der ?ffentlichkeit immer wieder Emp?rung hervor. Welche Rolle spielt das individuelle Risiko der Abgeordneten, nach dem Ende des Mandats von Einkommenseinbu?en und Arbeitslosigkeit betroffen zu sein? Welche Konsequenzen ergeben sich hieraus für die Zusammensetzung der Parlamente? Welche kollektiven Strategien werden verfolgt, um sich über die Bezüge gegen die bestehenden Risiken abzusichern?     

Virtuelles Wasser — Chancen und Probleme eines Wasserfußabdrucks

Der Wasserverbrauch eines Produkts, eines Landes oder eines Menschen wird neuerdings mit Fu?abdruck-Rechnungen genau erfasst. Sogenanntes virtuelles Wasser bezeichnet dabei jenes Wasser, das in einem anderen Teil der Welt genutzt wurde, um Güter zu produzieren, die hier vor Ort konsumiert werden. Der Welthandel entpuppt sich als Handel mit virtuellem Wasser. Ist diese Form des Wasserhandels problematisch und müssen virtuelle Wasserstr?me reguliert werden? Brauchen wir neben dem CO₂-Fu?abdruck nun auch einen Wasserfu?abdruck, um richtige Produktions- und Konsumentscheidungen zu treffen?     

Ratings based capital adequacy for securitizations

This paper develops a framework to measure the exposure to systematic risk for pools of asset securitizations and measures empirically whether current ratings-based rules for regulatory capital of securitizations under Basel II and Basel III reflect this exposure. The analysis is based on a comprehensive US dataset on asset securitizations for the time period between 2000 and 2008. We find that the shortfall of regulatory capital during the Global Financial Crisis is strongly related to ratings. In particular, we empirically show that insufficient capital is allocated to tranches with the highest rating. These tranches account for the greatest part of the total issuance volumes. Furthermore, this paper is the first to calibrate risk weights which account for systematic risk and provide sufficient capital buffers to cover the exposure during similar economic downturns. These policy-relevant findings suggest a re-calibration of RBA risk weights and may contribute to the current efforts by the Basel Committee on Banking Supervision and others to re-establish sustainable securitization markets and to improve the stability of the financial system.     

Visualizing Efficiency and Reference Relations in Data Envelopment Analysis with an Application to the Branches of a German Bank

The interest in Data Envelopment Analysis (DEA) as a method for analyzing the productivity of homogeneous Decision Making Units (DMUs) has significantly increased in recent years. One of the main goals of DEA is to measure for each DMU its production efficiency relative to the other DMUs under analysis. Apart from a relative efficiency score, DEA also provides reference DMUs for inefficient DMUs. An inefficient DMU has, in general, more than one reference DMU, and an efficient DMU may be a reference unit for a large number of inefficient DMUs. These reference and efficiency relations describe a net which connects efficient and inefficient DMUs. We visualize this net by applying Sammons mapping. Such a visualization provides a very compact representation of the respective reference and efficiency relations and it helps to identify for an inefficient DMU efficient DMUs respectively DMUs with a high efficiency score which have a similar structure and can therefore be used as models. Furthermore, it can also be applied to visualize potential outliers in a very efficient way.JEL Classification: C14, C61, D24, M2     

Board Composition and Relationship‐Specific Investments by Customers and Suppliers

Firms are more likely to include a supplier‐customer on the board if the supplier‐customer invests more in relationship‐specific assets. The results are stronger when the firm has poorer financial reporting quality or is financially distressed, as well as post‐SOX. Suppliers‐customers also increase their relationship‐specific investment following their appointment to the board. Directorships help avoid underinvestment and mitigate contracting frictions by reducing information risks and strengthening informal contracts with the firm.     

Consumer Response to Unethical Corporate Behavior: A Re-Examination and Extension of the Moral Decoupling Model

This research replicates Bhattacharjee et al. (J Consum Res 39(4):1167–1184, 2013) moral decoupling model and extends the original along the dimensions of theory, method, and context. Adopting a branding perspective and focusing on the corporate domain rather than the public figures investigated by Bhattacharjee and colleagues, this research examines the proposition that consumers dissociate judgments of morality from judgments of performance to justify purchasing from companies deemed to act immorally. The original study is further extended by applying the model in a different cultural context and employing a more realistic stimulus to establish external and ecological validity. The results of the replication generally support the original findings, in particular, under conditions of higher product involvement, a theoretical extension.     

Speaking to the mind or the heart: effects of matching hedonic versus utilitarian arguments and products

Message arguments influence beliefs about product benefits which influence overall product evaluations. Three studies show that matching hedonic versus utilitarian arguments and products enhance evaluations of utilitarian products, but not hedonic products. The results generalize across several argument manipulations and several product categories.