The impact of cultural symbols and spokesperson identity on attitudes and intentions

In today's multicultural societies, ethnic targeting is an increasingly important marketing strategy. Two main approaches to target ethnic minorities have emerged in recent years: messaging consumers when their ethnic identity is most salient, and doing so with spokespeople or models with the same heritage as the targeted minority. In this paper, we conduct conceptual replications of two influential articles representative of these research streams: Forehand and Deshpandé (2001) and Deshpandé and Stayman (1994). Our studies show that the effects of such practices on minority consumers are not homogeneous. The findings identify generational status (first vs. second generation) as an important boundary condition for these ethnic targeting strategies. This has important conceptual and practical implications for choosing an effective ethnic targeting strategy.     

Religious prohibitions against usury

Roman Catholic usury prohibitions created an explicit negative “tie-in” between salvation and consumption lending at interest. We view the prohibitions as a response to severe consumption smoothing problems created by the substitutability of capital market transactions for traditional smoothing mechanisms—informal pooling and charity. We demonstrate consistency between our model and the broad features of the Roman Catholic chronology of prohibitions.     

Do university executive development programs pay off?

University executive development programs are solidly entrenched, but questions have been raised concerning their cost-and benefits. A study of large U.S. business corporations reveals that most lack established policies concerning selection of the participant and the choice of a program. In addition, measurement of individual and group change related to the program is neglected. Nevertheless, companies report favorably on participants' job performance. The participants themselves feel they have gained status, but sometimes are ready to implement changes for which the organization is not prepared. University programs do not seem to be in any immediate trouble, but need to develop and maintain closer relations with participating organizations and to become more deeply involved in evaluation.     

Economic effects of rules of origin

Economic Effects of Rules of Origin. — Rules of origin exist because governments wish to discriminate amongst products on the basis of their “country of origin”. Since the components and activities that make up the total value added of many products are not created in a single location, rules to define a unique geographical source for products must be somewhat arbitrary, and inevitably introduce distortions into production and trade patterns as producers seek to provide their products with the most favourable origin. This paper considers the structure of such rules and their economic consequences.     

Trade Liberalization and Technology Choice

This paper considers the links between trade liberalization and technology choice in the nonliberalizing country. Trade‐liberalization‐induced changes in relative product prices have direct effects on equilibrium relative factor returns. The consequent changes in relative input costs may also lead producers to switch to alternative technologies, which will in turn induce a further indirect change in relative factor returns. Will this indirect affect exacerbate or ameliorate the direct effect on relative factor returns? It is found that this depends on the relative cost savings across sectors and factor cost shares.     

The Interrelation between Audit Quality and Managerial Reporting Choices and Its Effects on Financial Reporting Quality

Two distinct lines of research have been dedicated to empirically testing how financial reporting quality (measured as the earnings response coefficient or ERC) is associated with management's choice of reporting bias and with audit quality. However, researchers have yet to consider how ERCs are affected by either the auditor's reaction to changes in the manager's reporting bias or the manager's reaction to changes in audit quality. Our study provides theoretical guidance on these interrelations and how changes in the manager's or the auditor's incentives affect both reporting bias and audit quality. Specifically, when the manager's cost (benefit) of reporting bias increases (decreases), we find that expected bias decreases, inducing the auditor to react by reducing audit quality. Because we also find that the association between expected audit quality and ERCs is always positive, changes in managerial incentives for biased reporting lead to a positive association between ERCs and expected reporting bias. When the cost of auditing decreases or the cost of auditor liability increases, we find that expected audit quality increases, inducing the manager to react by decreasing reporting bias. In this case, changes in the costs of audit quality lead to a negative association between ERCs and expected reporting bias. Finally, we demonstrate the impact of our theoretical findings by focusing on the empirical observations documented in the extant literature on managerial ownership and accounting expertise on the audit committee. In light of our framework, we provide new interpretations of these empirical observations and new predictions for future research.     

General practitioners' choice of referral destination: A probit analysis

Following the major reforms of the UK health service in 1990, general practitioners (primary care physicians) have been able to purchase specialist care from any hospital they choose. To date, little research has been conducted with respect to the decision process by which such hospitals are chosen. Based on the results of a questionnaire survey conducted in central England and using probit analysis, the significant arguments in practitioners' decision functions are identified. Locality and clinical variables emerge as being considerably more important than price in determining referral destination.     

Do women prefer women's work?

A new methodology is implemented to determine whether job characteristics can explain why women are concentrated in low-paying, female-dominated occupations. Extensive information on jobs and labour market histories are collected from the 1982 National Longitudinal Survey, Youth Cohort, for women and men characterized by substantial labour market attachment. Significant differences in nonpecuniary job characteristics between the male and female samples are found to exist. Nevertheless, we find no evidence that women differentially favour those job characteristics commonly associated with ‘women's work’.