Religious institutions and entrepreneurship

This article focuses on the impact of religious institutions on entrepreneurship. We find clear evidence that different religious institutions have a significantly different impact on the tendency to become an entrepreneur. Our article makes important contributions to the research of both religion and entrepreneurship. First, it proposes empirical evidence in which the country’s main religion significantly affects its level of entrepreneurship at the macro level. Second, it adds to our theoretical understanding of the mechanisms that characterize the effects of religion on entrepreneurship. We suggest that macro effects of religion as part of the country’s culture and institutions affect the country’s level of entrepreneurship beyond the direct effects of religion on the behavior of the religion’s members in the society.     

PLURIACTIVITY,FARM STRUCTURES AND RURAL CHANGE

This paper begins by looking at some of the reasons why farm household pluriactivity, although long-standing, has now become a phenomenon of interest to European policymakers. This European concern is then compared with the current interest of UK policymakers and academics in the related concept of farm diversification. In many respects, UK policies differ significantly from those in the rest of Europe, most notably in their neglect of off-farm income-earning opportunities, and the reasons for this are discussed. Furthermore, it is argued that a preoccupation with forms of diversification or pluriactivity is likely to be less helpful analytically than a focus on underlying farm business and farm household strategies. Finally, some preliminary results of empirical work in Devon and Grampian are presented which suggest that farm household strategies may be at variance with prior expectations in some respects.     

Situational Management Support Systems

Digital natives increasingly populate organizations?? management. These new-generation managers more naturally accept management support systems (MSS), but also have higher expectations about how they should accommodate their individual user preferences. As a result, managers question MSS that have been developed without configuration mechanisms to accommodate their working style, relevant MSS use cases, and different MSS access modes. The objective of this article is to reveal managers?? different MSS use situations and propose levers for tailoring (conceptual) MSS design to them. Use situations generalize classes of similar user-group preferences. We first apply findings from a literature review to cluster managers?? user-group preferences into 36 MSS use situations. Second, we propose that the selection of end-user devices can serve as a main lever for MSS configuration. Third, we complete the configuration with a MSS user-interface design. Finally, we demonstrate utility of our configuration model by presenting and evaluating a prototype.     

A different toolbox for M&A due diligence in China

Prior to spending considerable resources on putting together a meaningful due diligence process, it is imperative for businesspersons to ask some major questions regarding the decision under consideration. What, explicitly, does the company hope to achieve with the transaction? What is the end game and what are the alternatives? Why is the deal better than a greenfield operation or some other business arrangement? If the transaction is to be a joint venture, will the company merely be paying tuition for a formidable competitor? In the West, the diligence team would typically sit in a war room and pore over piles of documents. This will simply not work in China, as much of the documented information is intended to mislead the tax collector or, in the case of a business, the acquirer. Any meaningful understanding of the target will come from re‐creating a representation of the business from scratch using process mapping and modeling techniques based on trusted information. This article is intended to help businesses entering China conduct accurate and meaningful due diligence as they enter a market fraught with pitfalls and cultural nuances with which Westerners may not be familiar. © 2010 Wiley Periodicals, Inc.     

Presidential Address: Antitrust restrictions on single-firm strategies

Abstract This article offers an overview of selected developments in the law and economics of antitrust regulation of single‐firm strategies. The strategy generating the most cases historically is resale price maintenance. Here, the law has moved sharply in both Canada and the U.S. towards more solid economic foundations. Yet a gap between the law and economics remains. The economics of resale price maintenance is reviewed within a framework that is much simpler and more general than the existing literature. The law on a second strategy, predatory pricing, represents in my view a success story for the influence of economic theory in spite of the absence of a single accepted theory of predatory pricing. The remaining single‐firm strategies are concerned largely with the exclusion by a dominant firm of rivals from a market. I review, with application to cases, the two most basic questions concerning exclusionary strategies. Are exclusionary, anticompetitive contracts ever entered into voluntarily by market participants? On the other hand, is complete or substantial foreclosure of a market through exclusionary strategies necessarily anticompetitive?