Uncertainty Resolution and Strategic Trade Policy in Oligopolistic Industries

This paper investigates a government's choice of strategic trade policy when the domestic firm observes a private noisy signal about the stochastic market demand while in competition with a rival firm. The government chooses between quantity controls and subsidies to maximize profits of the domestic firm. Assuming that firms compete à la Cournot in a third country, it is shown that the optimal trade policy depends not only on demand uncertainty but also on the predictability of the true market demand by the firms.     

Business responses to climate change: strategies for reducing greenhouse gas emissions in Vietnam

This study identifies the climate change strategies adopted by firms in developing countries to reduce their greenhouse gas (GHG) emissions. First, a framework is developed to classify and assess the GHG emission strategies of companies; second, it is then improved by using data on their implementation collected from 185 companies operating in 10 energy-intensive industries in Vietnam. We find that multinational subsidiaries engage in various climate change activities and have a higher level of implementation than those of domestic firms. Further, the most active and proactive companies are large in size and from Europe, the United States and Japan.     

Estimating technology in the postal sector: a Bayesian approach

The aim of this article is to study the technology of the sector represented by the Spanish national post-office and telegraph service, Sociedad Estatal Correos y Telégrafos, S.A. trading as Correos, and denominated as such hereafter. Concretely, we analyse economic efficiency (technical and allocative) and scale economies of the production units (cost centres) of Correos. To do this, we employ a methodology based on an input distance function which is the dual of the cost function. Moreover, and applying duality theory, we develop an economic model to assess the effect of postal infrastructures on the operators’ costs. In order to carry out the empirical model, Bayesian econometrics is applied to estimate the parameters in the input distance function and the technical and allocative efficiency terms.     

The selection bias in court records: settlement and trial in eighteenth‐century Ottoman Kastamonu

Court records are used extensively in historical research. Preserved as summaries of daily legal proceedings, they give historians a unique opportunity to access information about the names, characteristics, and socio‐economic status of individuals and the laws, local customs, and legal institutions of societies. Although researchers have noted various limitations of these records, the problem of selection bias has not been systematically studied. Since litigants would probably settle disputes in which one side is likely to be a clear winner, the cases that go to trial are more likely to be the difficult and uncertain ones that comprise a non‐random subset of all disputes. This article presents a study of selection bias in Ottoman courts in the town of Kastamonu in northern Anatolia, from the late seventeenth and the eighteenth centuries. Disputes are categorized by type and the distribution of court participants is studied according to composition, gender, and socio‐religious status. A regression analysis is run to determine the factors affecting the likelihood of cases being tried in court. The results indicate that the cases that ended up in court were selected systematically. If the selection bias is ignored, research based on Ottoman court records may be seriously flawed in its ability to yield general conclusions.     

Approaching virtuousness through organizational ethical quality: toward a moral corporate social responsibility

Today, in both theory and practice, the concepts of corporate social responsibility (CSR) and ethics are not necessarily related. Organizations can demonstrate high levels of social proactivity in their CSR policies with or without having laudable levels of ethical quality or virtuousness. This article introduces the concepts of organizational ethical quality (OEQ) to evaluate the moral excellence of CSR actions and policies, identifying and categorizing varying levels ranging from the absence of ethical virtuousness, termed immoral CSR (ICSR), to high levels of moral CSR (MCSR), or ethical virtuousness. High MCSR is the product of both high levels of OEQ in conjunction with more proactive CSR policies based on social action.     

Direct and Indirect Exporting and Productivity: Evidence from Firm‐Level Data

This paper examines the separate productive impacts of direct and indirect exporting to further our understanding of the mechanisms underlying learning‐by‐exporting effects by utilizing a method that allows us to check the robustness of the results to the selection on unobservables. We found that the productivity effects of exporting are mainly associated with direct exporting, indicating that knowledge spillover, and thus, productive impact of exporting grows with increased interaction with international firms and consumers. Indirect exporters are unlikely to be able to efficiently exploit the productive capacity of foreign technology and knowledge. Copyright © 2013 John Wiley & Sons, Ltd.     

Influence of Leadership on Job Satisfaction: The Moderating Effects of Follower Individual‐Level Masculinity–Femininity Values

The current study examined whether employee individual‐level masculinity–femininity values moderate the relationship between leadership styles (structural, human resource, political, and symbolic) and employee job satisfaction. Overall, the research provided support for the impact of individual‐level masculinity–femininity on follower reactions to various leadership behaviors. The findings indicated that followers who scored high on feminine orientation perceived a weaker relationship between all leadership behaviors and job satisfaction. Followers with more masculine values associated more perceptions of job satisfaction with human resource, political, and symbolic leadership and viewed leaders' structural behaviors as less important for satisfaction at work.     

Meeting the Challenges for Franchising in Developing Countries: The Vietnamese Experience

While business format franchising is the industry standard for developed countries, it remains an aspiration for many developing countries. Despite the attraction for developing countries of systems, training, and support and despite the economic and regulatory infrastructure being in place for the development of business format franchising, a range of commercial and socio-cultural factors may conspire to prevent its full expression. This paper addresses franchising development in Vietnam, a developing country. It considers strategies to bridge the gap between Vietnamese franchise practice and franchising best practice. It proposes that in Vietnam's current state of development, the product and trade name model may be the appropriate starting point with a move to the business format model only when, and in places where, the socio-cultural, commercial, and economic factors and the legal environment can accommodate more sophisticated business format franchise arrangements.     

加强铁路企业财务管理工作的措施探讨

财务管理工作的好坏将对企业的生存和发展产生直接而重要的影响.做为铁路企业,在市场竞争日益激烈的条件下.要想在市场经济中立于不败之地,就必须采取切实可行的措施,加强财务管理工作,使企业在发展中必然占据先机,从而底赢得更大的发展空间