Segmental new-product diffusion of residential broadband services

Aggregate models of innovation diffusion do not capitalise on valuable consumer adoption dynamics that may be useful to policy makers and market planners. The non-diffusion choice literature shows quite clearly that these dynamics may indeed be very important factors in the diffusion process. The authors present a segmental broadband diffusion model that is estimated from consumer survey data that measure the effect that household income has on its propensity to adopt this technological product. The results suggest that early broadband adopters are mostly made up from wealthy households and only as time progresses do less well off households adopt. The findings presented in this paper will be important to market planners and policy makers requiring a relatively simple technique that forecasts segmental innovation diffusion.     

Impact of quality-led design on real estate value: a spatiotemporal analysis of city centre apartments

This paper estimates the impact of quality design attributes on real estate value through empirical investigation of the owner-occupied multifamily residential sector. The methodological design is based on spatiotemporal modelling using a unique data-set of 424 Belfast City Centre apartments sold during the period 2000–2008. The key findings indicate that urban scale aspects of quality such as connectivity and vitality associated with building density add to real estate value. At the building level, quality features highly valued by home buyers are namely appropriateness of material quality, fenestration and massing to the surroundings. These key criteria are considered to have a significant visual perception compared to more complex concepts such as identity, material choice and overall condition. The contribution to knowledge involves extending the hedonic model to incorporate a wider selection of design quality variables; and improving estimation through the use of spatiotemporal modelling.     

A Comparative Study of Generational Preferences for Trip-Planning Resources: A Case Study of International Tourists to Shanghai

Although many previous studies have investigated the information search behavior in some specific age groups of tourists, few of them comprehensively examined the relationships between cross-generational tourists and their preferences for various types of trip-planning resources. This study aimed to fill this research gap. The authors employed correspondence analysis to assess and visually display the correlations between four generational groups—the Silent Generation (aged over 65), the Baby Boomers (aged 50–64 years), Generation X (aged 30–49 years), and Y (aged 18–29 years)—and 10 primary travel information sources for the Shanghai international tourist market. The results indicated that tourists in the Baby Boomers and Silent Generation groups rely most on travel agencies and tour operators. The Generation X tourists are inclined to search websites for their travel information. Generation Y tourists are more likely to consult friends and/or relatives and travel guidebooks. The study has both theoretical and practical contributions. The core values of generations are used to explain their preference of information sources from a theoretical perspective. This study assists destination marketers to design effective promotional strategies suited for different generational segments.     

EFFECTIVENESS CRITERIA FOR ICONS AS TOURIST ATTRACTIONS: A COMPARATIVE STUDY BETWEEN THE UNITED STATES AND CHINA

As the application of human icons as tourist attractions continues to increase, there is a growing need to better understand how these famous individuals are used by destinations. Based on literature in several relevant fields, such as history, social science, and destination management, effectiveness criteria for icon attractions were analyzed in this study. Three “situational” factors influencing the operation of icon attractions (culture, history, and government involvement) were included in these criteria. It also suggested that icon attractions can be evaluated from three aspects: characteristics of icons, organization, and impacts. The applications of icon effectiveness criteria for tourist attractions in the United States and China were compared. The validity and practical value of the effectiveness criteria were demonstrated. Management implications in the utilization of icon attractions were derived.     

Definition of adventure travel: Conceptual framework for empirical application from the providers’ perspective

The growth of adventure travel has been accompanied by an enormous variety and availability of adventure travel products in international travel and tourism. This study attempts to search for a comprehensive definition of adventure travel from the providers’ perspective in order to build a conceptual framework for empirical application. A qualitative analysis of past leisure or recreation theories identified six major component variables which define adventure travel. Together with these six components, several alternative definitions of adventure travel are studied in detail as part of the research. This study proposes a new definition of adventure travel, as a standard tool for measuring and segmenting the adventure travel market.     

Developments in Remuneration Policy

In this article, the former chairman of the International Corporate Governance Network (ICGN) begins by summarizing the guidelines on "Executive Remuneration" that were published by the ICGN in July 2002. Among other changes, the guidelines called for independent remuneration committees, full disclosure of remuneration packages in an annual report, reduced reliance on stock options, elimination of executive loans and CEO bonuses for making acquisitions, better-informed and more active institutional investors, and a "clear mechanism by which shareholders are given the opportunity—possibly through an advisory vote at the annual shareholder meeting—to review and influence remuneration proposals."
Thanks in part to the efforts of the ICGN and growing investor activism, U.K. companies have made "a reasonably swift transition to a position where the majority of their boards are totally independent of management, and free of other potential conflicts of interest." U.S. boards, by contrast, remain "dominated by the imperial CEO" and "have failed to rein in the ambitions and appetites of their CEOs in such circumstances." What's more, U.S. institutional investment managers have failed to hold boards accountable for escalating remuneration. The solution to this problem lies, as suggested above, in "greater transparency, better analysis, and more shareholder monitoring."     

Derivatives Use, Corporate Governance, and Legislative Change: An Empirical Analysis of New Zealand Listed Companies

Abstract:   This paper examines if board composition has any systematic bearing on derivatives usage by New Zealand listed companies. We also test if derivative usage changed following the introduction of the new 1993 Companies Act. The Act raised expectations of directors' fiduciary responsibilities and the perceived risk of liability on outside directors for poor investment decisions. Using a dataset of listed New Zealand companies in 1994 and 1997, we find companies with higher growth opportunities and a greater proportion of outside directors were less likely to use financial derivatives following the introduction of the new Act. Our results supplement the US‐based literature on derivatives usage by illustrating that internal governance mechanisms can play a role in corporate derivatives policy, and that the legislative and regulatory environment may affect this role.     

全球旅游研究格局的综合分析(2003-2012)

基于Mill & Morrison的旅游系统理论,文章构建了由6个主类和61个亚类组成的旅游研究系统分类框架(The tourism research system categorization framework),选.取31本国际旅游期刊在2003-2012年期间的10058篇文章,从而提取出13669个关键词(其出现频次为41624)并进行归类,运用演绎分析和统计方法对旅游研究主题进行大数据整理.文章识别出旅游学研究的跨学科特征和各个旅游研究主题的受关注程度:从主类来看,最受关注的是“目的地”领域,其次是“需求”和“营销”领域;从亚类来看,最受关注的是“市场细分”和“吸引物和节庆”领域,而“基础设施”、“交通(旅游目的地内部)”和“旅游客流”等领域受关注度最少.最后,本文试图寻求与旅游学学科树进行理论对话,重新检验了近10年国际旅游研究在国内分类框架的学科特征与演变趋势.     

The effect of prior experience on vacation behavior

This research applied consumer involvement theory to describe, interrelate, and explain the repeat visit phenomenon and empirically tested the effect of past experience on tourists’ vacation behaviors. The results indicated that prior experience influenced current trips in terms of activity participation and expenditure patterns. These changes in behavior invoke different demands and requirements unique to the repeat vacation market. Since the quality of experience is central in destination loyalty management, knowledge about changes in behavior associated with this accumulation can be instrumental for destinations seeking to provide creative, relevant, and meaningful experiences to their different market segments.