Transaction Cost and Institutional Drivers of Supplier Adoption of Environmental Practices

Research concerning a supplier’s voluntary adoption of environmental practices has focused on buyer influence and supplier leadership values. These explanations are pertinent to early adopters, but other theoretical perspectives are needed to understand why later adopters, who tend to be more conservative, may or may not be likely to adopt environmental practices. Two theoretical lenses may be used to better understand later adoption processes. First, transaction cost economics examines implementation costs that have not been considered in previous research. A transaction cost economics perspective suggests that suppliers are more likely to adopt environmental practices if their information seeking, bargaining, and enforcement costs are minimized. Second, institutional theory can be applied to drivers within the supply base. The institutional theory analysis reveals that supplier adoption of environmental practices is more likely if coercive, normative, and mimetic institutional forces are in play.     

Red clover (Trifolium pratense) in conservation agriculture: a compelling case for increased adoption

The rapidly growing population will soon require a near doubling of food production. This increase must be achieved in a manner that maintains environmental integrity, preserves public health and resolves food access and distribution equalities. The use of forage legumes in arable rotations can make significant and multidimensional contributions to this sustainable intensification and this paper reviews the potential contribution of red clover (Trifolium pratense L.), with particular reference to sustainable cereal production in conservation agriculture systems. The use of red clover as a tool in soil fertility-building and the multiple benefits to the cropping system in which it is used is described. The benefits discussed include atmospheric nitrogen fixation, soil conservation, structural soil improvements and a suite of agroecosystem services including increased soil microbial activity, the phytoremediation of polluted soils and the provision of food for pollinators. Reported allelopathic weed suppression by red clover cover crops and the role of modern plant breeding in creating new varieties that further enhance system sustainability is also discussed. Finally, as economic considerations will always impact on adoption rates, the profitability of red clover rotations in terms of silage value and yield benefits is taken into account.     

The Role of Trustworthiness in Maintaining Employee Commitment During Restructuring in China

The influence of competency- and affect-based attributions of managerial trustworthiness on employee commitment during restructuring is investigated within a large telecommunications firm in greater China. It was found that competency-based attributions are positively related to employees' value commitment, whereas affect-based attributions are positively related to employees' continuance commitment (i.e., the propensity to maintain employment). Attributions of trustworthiness were also found to interact with perceptions of uncertainty associated with restructuring. Although no interaction effects were found for continuance commitment, three moderating effects involving trustworthiness attributions were observed between uncertainty and value commitment. Generally speaking, these moderating influences of trustworthiness tended to attenuate the influences of uncertainties on commitment. Overall, the relationships between uncertainties associated with restructuring and organizational commitment were negative with the exception of uncertainty about the restructuring effort itself, which was positively related to continuance commitment.     

Who’s Afraid of the Big Bad Wolf? Rethinking the Core and Periphery in the Eurozone Crisis

Recent literature on the eurozone crisis has begun to rethink those explanations of its origins that rely on narratives stressing the ‘immaturity’ of political and economic governance in the countries of the European periphery. These narratives are typically challenged by frameworks which understand the eurozone as a region characterised by a ‘beggar-thy-neighbour’ hierarchy between the economic growth of Germany, which leads to precarious, ‘financialised’ growth in the periphery. Yet, this article shows that core–periphery scholarship is unable to adequately challenge the immaturity thesis due to its preoccupation with German ‘victimisation’ of the European periphery. By exploring country-specific direction of trade and capital lending statistics, I shows that there is little basis for the argument that Germany is to blame for the origins of the eurozone crisis in the individual countries of the European Periphery. This article shows that by bringing core–periphery analysis into dialogue with Comparative Political Economy, a critical approach to the Eurozone crisis can be developed which leaves behind the myth of the German ‘big bad wolf’. Instead, I show that imbalances between the core and periphery are a product of a flawed construction of the Single Market and Economic and Monetary Union.     

Pollution,profits, and stakeholders: The constraining effect of economic performance on CEO concern with stakeholder expectations

This study examined the constraining effect of economic performance on the relationship between CEO stakeholder orientations and four pollution performance categories. Economic performance was found to moderate the relationship for two of the four categories. Additionally economic performance was found to consistently interact with some CEO stakeholder orientations and not others. Overall the results suggest that CEO concern with stakeholder expectations is in large part moderate by the economic performance of the firm.Robert S. Dooley is a doctoral student in Strategic Management.Linda D. Lerner is an Assistant Professor in the Department of Management and Marketing at Tennessee Technological University. She has conducted research and published in the areas of corporate social performance, women in management, and business venturing.     

Ricardo and Keynes on war finance

Conclusion Ricardo and Keynes were remarkably close on many of the practical problems of war finance, despite their sharp and somewhat polemical difference on the question of whether an over-issue of currency or an excessive aggregate demand was exclusively the cause of inflation. During a war, when both the quantity of money and aggregate demand are excessive, they would both predict inflation. And, they stood together in the fight against the evils of inflation, because it caused a violent and unjust redistribution of income and wealth. They both accepted the obvious fact that wartime expenditures would crowd out private spending, but they denied that this would necessarily affect interest rates. Keynes expected the short-run marginal efficiency of capital to adjust to the rate of interest established by the Bank of England; whereas Ricardo expected the bank rate to adjust to the long-run rate of profit under a regime of full convertibility. Ricardo recognized, however, that the bank could set arbitrarily low nominal rates of interest, even during a period of inflation, if its currency were not convertible. Finally, they both opposed large increases in the national debt and recommended redeeming the debt with a property tax after the end of the war. Would any Classical or Keynesian economists be so bold today? An earlier draft of this paper was presented at the universities of Padua, Venice, Western Ontario, and Saskatchewan.