Multidimensional latent traits of perceived organizational innovation: Differences between Thai and Egyptian employees

A new approach, the multidimensional latent regression (MLR) approach of item response theory, is employed to evaluate the dimensions of individual employee creativity, workplace atmosphere, and workplace innovative activity. Based on the MLR concept, the relationships among the measurement scales of these variables are tested for their unidimensionality versus multidimensionality. Multidimensionality was found. While workplace atmosphere is closely linked to workplace innovative activity, individual employee creativity forms its own dimension but is still positively linked to the other two measures. To achieve an accurate comparison between the two groups of Thai and Egyptian employees who have the same levels of agreement with the scale items, it is necessary to adjust the scores of Egyptian employees downwards.

International perspectives on tourism‐led development: some lessons for the SDIs

The concept of tourism‐led socio‐economic development is neither new nor peculiar to South Africa. This study draws on the international experience of the Malindi‐Mombasa coastal development corridor in Kenya, the Goa Coast of India, the Kulu Valley and Bhutan in the Himalayas, the Gambia, Dominica, Belize and the Maldives. It assesses the results achieved in these tourism programmes against the strategic objectives of those South African SDIs that place a heavy emphasis on the country's tourism potential. The SDIs, as described elsewhere in this collection, represent a new paradigm adopted by the South African government, aimed at moving away from a protected and isolated approach to economic development, towards one in which international competitiveness, regional cooperation and a more diversified ownership base are paramount. The key objectives of the tourism‐led development corridors, including the Wild Coast and Lubombo SDIs, are to generate sustainable economic growth and development; generate sustainable long‐term employment creation; maximise the extent to which private sector investment and lending can be mobilised into the process; change the ownership base of the industry so that people previously excluded from the mainstream of the economy by discriminatory practices can play a meaningful role as workers, managers and owners of new tourism enterprises; and to exploit the opportunities that arise from new tourism and ecotourism developments for the creation of upstream and downstream business opportunities, especially small businesses owned by previously marginalised groups.     

How Does Investor Sentiment Affect Stock Market Crises? Evidence from Panel Data

We test the impact of investor sentiment on a panel of international stock markets. Specifically, we examine the influence of investor sentiment on the probability of stock market crises. We find that investor sentiment increases the probability of occurrence of stock market crises within a one‐year horizon. The impact of investor sentiment on stock markets is more pronounced in countries that are culturally more prone to herd‐like behavior, overreaction and low institutional involvement.     

Information-Based Principles for Rethinking Consumer Protection Policy

In this paper we review the changes in economic theory that have taken place since current consumer protection regimes were first developed in the 1960s and 70s. We draw from this evolution in economic theory the basic principle that information, and the complex ways in which information works both in the marketplace and in regulatory regimes, should form the core of a set of principles for rethinking consumer protection policy. We go on to propose a number of such information-based principles as a guide for the redesign of consumer protection policy to deal with an increasingly global and complex consumer marketplace.     

伦敦金融城胜过华尔街

对于等着下一轮冬季奖金的投资银行家们来说，了解一下猎头公司的一项调查未尝不是个好主意。这项调查显示，在伦敦金融城去年冬季的奖金发放中，获得最大红包的银行家并非来自并购、股票或债券等通常领域，而是像结构性信贷等较为新潮的领域。同时，地区差异也是存在的。在伦敦，从事交易和构建新型信用产品的董事总经理们分别平均赚得160万英镑（合280万美元）和110万英镑，而在纽约，这两个数字分别是120万英镑和100万英镑。     

Project management priorities and the link with performance management systems

This paper reports the results of a project management practices study in the U.K. social housing sector. A five‐factor model of project priorities is established, comprising traditional measures of project cost, time, and quality, in combination with a need to focus on stakeholders and to develop a customer and project team orientation. This model supports and integrates previously fragmented notions of project performance measurement. The relationship between these five project management criteria and the effectiveness and use of a performance management system (PMS) is then explored, with some limited evidence found that PMS effectiveness is an antecedent to practices that focus on the customer, the project team members, and other stakeholders     

Werbung: Biotop für die steile, schnelle Karriere?

Die Werbebranche ist im Umbruch. Das Glamour-Business der letzten Jahrzehnte ist heute mit Herausforderungen konfrontiert, die den Werberinnen und Werbern viel abverlangen. Wer in einem solchen Umfeld Karriere machen will, braucht nicht nur ein solides Zusammenspiel von Theorie und Praxis, sondern auch vor allem Talent. Im Gesch?ft der Ideen gelingt der Weg nach oben nur mit Leidenschaft und Mut zum Risiko.