Arctic ‘concessions’ and icebreaker diplomacy? Chinese tourism development in Iceland

This paper is based on a case study on a Chinese investment proposal in Iceland and sets out to explore the different ways in which actors from different backgrounds, with an extensive range of expectations and ideas of what a destination could and should be, produce and sustain ideas about tourism development. Our point of departure is how tourism represents a new globalised economic expansion possibly reflecting processes of empire building of days gone by. This research suggests that the conflicting worlds of Chinese investment plans, seemingly pregnant with imperial aspirations, core-periphery dichotomies, as well as contesting ideas of regional development, represent a need to begin re-thinking our understanding of tourism regional development from the perspective of what empires are.     

Executive compensation and goodwill recognition under IFRS: Evidence from European mergers

Based on principal agent theory we posit that managers account for a business combination opportunistically by recognizing goodwill in excess of its economic determinants. We examine the relationship between CEOs’ short-term cash bonuses and the amount of goodwill recognized in IFRS acquisitions. We find that with increasing cash bonus intensity managers recognize more goodwill. More detailed analysis indicates that this relationship is not a linear one. Instead, there seems to be a corridor in which CEOs are susceptible to the incentive given by bonus payments. In particular, the relationship seems to be fulfilled only for CEOs whose cash bonus is between 150% and 200% of their base salary prior to the acquisition. Our findings have an implication for companies that bonus caps should be introduced to limit CEOs’ bonuses to a given percentage of their base salary. By doing so, they may re-align shareholders’ and managers’ interests and avoid an increased impairment risk in the future.     

Experience and facilitating conditions as impediments to consumers’ new technology adoption

The recent proliferation of new technologies and impediments to their adoption has made predicting new technology adoption/use complex and challenging. This paper aims to compare the predictive ability of behavioural expectation (BE) and behavioural intention (BI) given such impediments. BE predicts an attempt to perform a targeted behaviour, whereas BI predicts the likelihood of actually performing a targeted behaviour. An online longitudinal experiment was designed to examine the effects of two contrasting sources of impediments to new technology adoption: experience (internal) and facilitating conditions (external). The results confirm the tendency of subjects, who responded to BI measures, to make overestimations when they think they have more control over the (internal) impediments, and to make exaggerated underestimations when they think they have less control over the (external) impediments. Moreover, it is found that subjects who responded to BE measures have a stronger adoption–use correlation compared to subjects who responded to BI measures regardless of the type of impediments encountered. This study offers a basis for marketers to increase the rate of consumers’ adoption/use of new technology such as mobile applications. The research identifies boundary conditions to the predictive ability of BE and BI in the context of mobile applications adoption/use.     

The Single Tax Movement and Progressivism, 1880-1920*

Abstract . Henry George's Single Tax movement and the Progressive movement in the United States were inter-related. After the publication of Progress and Poverty a political movement developed around George. It failed, partly because George was a poor politician although he had proved a master-publicist, partly because he aroused a formidable opposition. Nevertheless the single taxers did contribute to progressive reform a specific plan for manipulating the environment in a Social Darwinistic way. George's philosophy also rejected socialism in favor of a reformed and purified capitalism—perhaps the most important theme in 20th century reform thought in America. Moreover, the Single Tax movement contributed to the democratic reform movement such leaders as Tom L. Johnson, Brand Whitlock, Louis F. Post, Frederic C. Howe, George L. Record, Newton D. Baker and Franklin K. Lane.     

Back to basics in the marketing of place: the impact of litter upon place attitudes

Abstract

Attempts to apply marketing theory and principles to place have become a legitimate area of academic and ‘real world’ practice. However, place marketing does not typically incorporate all elements of the traditional 7 Ps, focusing far too often on just one of these – promotion. Besides this rather myopic approach, place marketing suffers from an overly strategic view of the world that ignores the meaning and lived experience of places to individuals, especially residents. The purpose of this article is twofold – first, we investigate the impact of litter on place attitudes. Litter is a common, but negative, element of place, which is intimately connected to the lived experience of a place but typically far removed from the positive promotional activity favoured by place marketing efforts and the study thereof. In this sense, the article reframes place marketing from a strategic to a micro-marketing endeavour. We found that exposing respondents to litter significantly lowers their place attitudes. Our second contribution is to demonstrate the relevance of classic marketing research approaches, such as attitudinal measures, to investigate litter and its impact on place evaluations, through quasi-experimental design (with 662 respondents). Through this, we extend the range of theory and method applied in place marketing – away from controllable promotional endeavours investigated through case-studies to a more holistic and robust interpretation of place marketing, which has a measurable impact upon the places where people live and visit.