Dispositional affectivity and work outcomes of expatriates

How the two components of dispositional affectivity, positive affectivity, representing the predisposition to respond positively to environmental stimuli, and negative affectivity, depicting the opposite reaction, influence work has been the focus of much research. Although dispositional affectivity appears to be a promising construct to explain and predict many attitudinal and behavioral outcomes in the workplace, few studies have empirically investigated dispositional affectivity and the work of expatriates. Hence, data from a net-based survey including 350 expatriates in Denmark were used to examine the relationship between dispositional affectivity and their work outcomes. Results showed consistent positive associations between positive affectivity and all the studied work outcomes and the opposite relationships for negative affectivity. Implications and suggestions for future research are discussed in detail.     

Asset Policies During an Oil Windfall: Some Simple Analytics

Many developing countries are currently experiencing oil windfalls, whether due to discoveries or to price effects. Such windfalls pose a series of policy dilemmas. The literature has focused on one of these: the choice between using windfall savings for public capital formation and investment in foreign assets. There are good theoretical reasons for investing a substantial part of the windfall initially abroad: the return to investment would fall below the world interest rate if the windfall were to be used entirely for domestic investment. Investing abroad offers an escape from diminishing returns: foreign assets can be repatriated gradually and used for domestic investment. However, in practice the efficient balance between domestic and foreign assets is politically difficult to sustain. Also, even if politically feasible this strategy is inefficient due to the failure to expand the private capital stock (‘equipment’). The policy problem is that the government cannot undertake such investment itself and trying to induce private agents to undertake equipment investment by transferring part of the windfall to them is likely to fail as a result of information problems. We argue that domestic debt repayment solves this dilemma. It has the added advantage of making foreign asset accumulation difficult to reverse.     

Risk management in Indian venture capital and private equity firms: A comparative study

Venture capitalists and private equity funds are often considered experts at investing in high‐risk projects and firms. To be successful investors, venture capitalists and private equity funds must therefore manage the many aspects of risk associated with investing in unlisted small and medium‐sized enterprises. This study examines how Indian venture capital and private equity firms manage several dimensions of risk. We analyze risk management preferences in Indian venture capital and private equity firms. A comparison between Indian and U.K. funds is presented. The results are discussed in detail. © 2005 Wiley Periodicals, Inc.     

The Empirical Assessment of Corporate Ethics: A Case Study

Empirical analyses of the ethics of corporations with the aim to improve the state of corporate ethics are rare. This paper develops an integrated, normative model of corporate ethics by conceptualizing the ethical quality of organizations and by relating this contextual quality to various expressions of immoral behavior. This so-called Ethics Qualities Model for organizations, which contains 21 ethical qualities, allows one to assess the ethical content of institutional groups of individuals. A proper conceptualization is highly relevant both for the empirical corroboration of business ethics theories and for managerial purposes, such as judging individual and group performance or informing external stakeholders. The empirical applicability of the model is illustrated by an explorative case study of a large, globally operating financial institution. This case-study demonstrates that the corporate ethical qualities differ with respect to their perceived optimality as well as to their estimated impact on (un)ethical conduct. The various results provide managers with many clues to understand their organization and to take effective measures to improve the ethical content of their organization.     

Adolescents’ attitudes towards organic food: a survey of 15‐ to 16‐year old school children

Adolescents are the consumers of tomorrow; therefore policies aimed at increasing organic food consumption should address the needs of this group. To discover their attitudes towards organic food and their knowledge of the subject, a survey among almost 700 school children aged 15–16 years was conducted. Four main groups of questions were used: adolescents’ knowledge of organic food, attitudes, whether they bought organic food and the perceived influences they exerted on the buying patterns of their parents. From the survey it can be concluded that adolescents’ attitudes towards organic food are positive, but their knowledge of and their willingness to buy it are low. Campaigns aimed at encouraging the purchasing of organic food targeted at adolescents should particularly emphasize those characteristics of organic foods that they can relate to their interests and ethical preferences, for example, animal welfare and environmental considerations.     

Effect evaluation of a multifactor community intervention to reduce falls among older persons

The objective of the study was to evaluate the effectiveness of a multifactor and multimethod community intervention programme to reduce falls among older persons by at least 20%. In a pre-test-post test design, self-reported falls were registered for 10 months in the intervention community and two control communities. After the pre-test registration, participants followed the intervention programme (Information and education, Training and exercise and Environmental modifications) for 14 months. All communities were situated in the Province of Friesland in the north of The Netherlands. The study ran from November 1999 to November 2002. The participants (intervention 1122; control 630) were aged 65 years and older and lived independently. There was no significant decrease in total falls, except outside the home, among women (odds ratio = 0.54, 95% CI = 0.30-0.98; p = 0.041). The multifactor intervention programme was not effective. The reduction of falls outside the home among women could be due to reduced outdoor physical activity.     

Gestiegene Einkommensungleichheit in Deutschland

Seit dem Jahr 2000 ist in Deutschland ein markanter Anstieg der Ungleichheit der Einkommen der privaten Haushalte zu beobachten. Damit verbunden haben sich auch die Armutsrisiken deutlich erh?ht. Welche Ursachen haben zu dem Anstieg der Einkommensungleichheit geführt? Welche Entwicklungen sind bei den individuellen Erwerbseinkommen der Personen im erwerbsf?higen Alter zu verzeichnen und welche Auswirkungen haben diese auf die Verteilung der Haushaltseinkommen in der Bev?lkerung insgesamt? Dr. Jan Goebel, 36, ist wissenschaftlicher Mitarbeiter am Sozio-oekonomischen Panel, DIW Berlin; Dr. Peter Krause, 51, ist dort wissenschaftlicher Mitarbeiter und Lehrbeauftragter am Institut für Soziologie der FU Berlin.     

Negotiating Transfer Prices

We consider a team-investment setting in which transfer prices between two divisions are negotiable. Investments are made independently and simultaneously after the bargaining stage, i.e. with a given transfer price ‘on the table’. Both divisions’ investments jointly affect the sales price of the final product and total revenue. We analyze two transfer-pricing schemes and their corresponding bargaining problems. Both bargaining settings exhibit non-transferable utility because the transfer price not only allocates corporate profit but also affects corporate profit through the incentives it creates for the divisions’ investment and quantity decisions. In particular, we discuss how concepts from bargaining theory can be use used to determine a ‘fair’ agreement concerning the transfer price.     

Exploring the fit of real brands in the Second Life 1 virtual world

Abstract

Online virtual worlds are rapidly becoming recognised as an important new channel for marketing and brand building. This paper examines the brand value of real-life brands that have moved to the virtual world of Second Life. Using axiology, we assess the value of real-life brands in the virtual world and test an exploratory model of brand fit to the virtual world. While category fit is an established construct, channel extension fit represents a new variable developed specifically to help explain brand transference to the new context. Data were collected in two phases, both in Second Life via automated avatar survey bots and via a Web survey. A total of 211 matched responses were collected and tested using partial least squares. The overall research model is strongly supported. Virtual-world brand value is strongly determined by extension attitudes driven by an assessment of how well the category of the real-life brand offerings fit with the virtual world and how well the real-life brand offerings fit with the three-dimensional virtual-world channel within which they have emerged. This implies that organisations must carefully consider not only the nature of existing brand offerings before entering into the virtual world, but also whether this new channel is indeed a suitable channel in which to be embarking on branding activities. This also has clear implications for branding activities in other social media. The paper rounds off with a discussion, implications for practice and future research, limitations, and conclusions.     

Staff localization and organizational characteristics: Western business operations in China

Localizing their staff is a common aspiration among foreign firms in China. The capability of foreign companies to build strong local management teams has been identified as crucial for their future success. However, because of the uneven progress so far, it has been suggested that some types of organizations may be more disposed to localize than others. To explore this issue, a mail survey was directed at Western business operations in China. Two sets of variables were examined: the nature of the organization in China and the characteristics of the parent organization. Unexpectedly, the results showed that the nature of the organization in China was not associated with staff localization. On the other hand, as expected, two characteristics of the parent corporation seemed to matter. International experience of the parent corporation had a positive relationship with staff localization while the percentage of turnover from foreign operations had a negative association with staff localization. Although highly tentative, due to the exploratory character of this investigation, it seems that the characteristics of the parent corporation seems to play a more important role in the localization process than the nature of the organization in China.