Acquisition or greenfield start‐up? Institutional,cultural and transaction cost influences

In this paper, we develop and test a model of diversification mode choice (how firms decide between acquisitions and greenfield start‐up ventures) which includes institutional, cultural, and transaction cost variables. Using a sample of Japanese firms entering western Europe, our results show the model correctly predicts over eighty‐seven percent of the mode choices. Thus, we provide strong initial evidence to support using institutional, cultural and transaction cost variables to predict firms’ choices between acquisitions and greenfield start‐ups in international expansion. Our findings also suggest that organizations which have developed strong intangible capabilities may be able to more readily leverage these capabilities through greenfield start‐ups. Copyright © 2000 John Wiley & Sons, Ltd.     

Development of the Voluntary Simplicity Engagement Scale: Measuring Low-Consumption Lifestyles

Journal of Consumer Policy - Those who choose to reduce their material consumption to seek satisfaction in non-material ways are said to be living a life of voluntary simplicity. This lifestyle has...     

IPO research symposium review

The primary areas of IPO research are briefly reviewed. The five articles of this research symposium are placed within this body of research. The JEF editors indicate issues of particular interest for future IPO research submissions.     

Does educational gamification improve students’ motivation? If so,which game elements work best?

Educational gamification is a growing field. The authors answer the following important questions: (a) To what degree does educational gamification, in general, increase students' perceived motivation in learning? (b) To what degree do specific game elements impact perceived motivation in learning? and (c) Are the benefits of gamification limited to or enhanced in participants with specific demographic characteristics? A survey of organizational behavior students' perceptions (n?=?124) investigated how participating in a gamified course motivated students overall and examined the individual effect of specific game elements. Of the participants, 67.7% reported that the gamified course was more or much more motivating than a traditional course. Correlational data indicated that being a member of any measured demographic (e.g., gender, age, student status) was not a barrier to finding gamification motivating.     

TRANSACTION COSTS AND DAY-OF-THE-WEEK EFFECTS IN THE OTC/NASDAQ EQUITY MARKET

A potential explanation is examined here for the observed day-of-the-week effect in equity returns—systematic daily patterns in percentage bid-ask spreads. Using OTC/NASDAQ data over 1973–1985, strong return day-of-the-week effects are documented while mean dealer percentage spreads are essentially unchanged over the week. These results provide evidence that systematic percentage spread changes do not contribute to the observed return anomaly.     

Resident attitudes towards gaming and tourism development in Macao: Growth machine theory as a context for identifying supporters and opponents

Despite global recession, Macao continues to develop as an international gaming destination. However, as the intensity of development increases, the government is losing support for the gaming industry among some residents. This loss of support may be examined within the context of growth machine theory. This paper surveys residents regarding their attitudes towards gaming and development. The findings suggest residents can be divided into two groups — gaming supporters and gaming opponents. From these findings, recommendations are made for future planning, development and marketing in Macao. Copyright © 2010 John Wiley & Sons, Ltd.