Using photography to elicit grazier values and management practices relating to tree survival and recruitment

Integrating conservation and agricultural production is a major challenge globally. The upper Lachlan catchment of Australia is dominated by livestock grazing, and is threatened because most native woodland vegetation has been cleared. A third of all remaining tree cover occurs as scattered trees in grazing pastures. These scattered trees are dying from old age and are not regenerating due to grazing pressure. Previous work has revealed management strategies that are more likely to maintain tree cover, such as low-input rotational grazing. We asked graziers to photograph significant features on their properties, and used the images as prompts in later interviews. This elicited graziers’ landscape values and other drivers of their management practices related to tree cover. The targets that our 25 case landholders chose to photograph, and the ways they discussed them in later interviews, reflected the focus of past education and incentive programs, suggesting that well-designed policies, educational messages and incentives do seem to reach landholders and result in improved practices. For example, many landholders reported management activities related to the protection of large woodland patches or the maintenance of coarse woody debris. The maintenance of scattered tree cover has not been a focus of policy initiatives in the past. Despite this, the narratives elicited by photos of isolated and scattered trees showed graziers valued them and were aware of and concerned about their decline, yet lacked knowledge about how to protect and regenerate them. Graziers urgently need unambiguous advice and practical assistance to help them adapt their practices to maintain scattered trees in the long term.     

Determinants of Foreign Versus Domestic Real Estate Investment: Property Level Evidence from Listed Real Estate Investment Firms

We examine the determinants of foreign real estate investment relative to the domestic case using the portfolios of a large sample of publicly traded real estate investment companies; where foreign investment is defined as the property owner headquarters being located in a different country than a given asset. The cross-sectional results provide strong evidence that real estate firms are more likely to take a smaller stake in larger assets when investing abroad. The penchant for large assets holds when controlling for economic activity, real estate investment opportunities, depth and sophistication of the capital markets, investor protection and the legal framework, administrative burdens and regulatory limitations, and the socio-cultural and political environment at both the property nation and headquarter nation levels. In general, foreign ownership is less likely with industrial, office, retail, and self-storage properties. Capital market development is consistently negatively related to foreign investment.     

The impact of New Deal expenditures on mobility during the Great Depression

Using county-level data on federal New Deal expenditures on public works and relief and Agricultural Adjustment Administration payments to farmers, this paper empirically examines the New Deal’s impact on inter-county migration from 1930 to 1940. We construct a net-migration measure for each county as the difference between the Census’s reported population change from 1930 to 1940 and the natural increase in population (births minus infant deaths minus non-infant deaths) over the same period. Our empirical approach accounts for both the simultaneity between New Deal allocations and migration and the geographic spillovers that likely resulted when economic activity in one county may have affected the migration decisions of people in neighboring counties. We find that greater spending on relief and public works was associated with significant migration into counties where such money was allocated. The introduction of our modern farm programs under the aegis of the Agricultural Adjustment Administration appears to have contributed to a net out-migration that sped the transition of people out of farming.     

Competition and regulation in the UK gas industry

The decade since privatization has seen gas change from an integratedmonopoly with no competition and without the structure necessaryto encourage it, to an industry moving rapidly towards fullcompetition. British Gas was privatized as an integrated monopoly;it had no regulation in the bulk market, and light regulationin the tariff market. Within 10 years it has lost more thanhalf its bulk market, has voluntarily 'demerged' into a transportationand supply arm, and is leading the way in liberalization ofthe residential market. Some of these changes have been assistedby the particular circumstances of the gas market, especiallythe contracts which the incumbent has inherited. The Regulatoris relying increasingly on prevention of undue discriminationfor control of the dominant supplier, and this principle hasbeen discussed and applied in a number of cases within the industry.Liberalization also raises important distributional issues,especially in the residential market.     

Fund-raising success and a solicitor's beauty capital: Do blondes raise more funds?

This study uses a door-to-door fund-raising field experiment to explore the returns to physical appearance on fund-raising success. Interestingly, blonde females earn more on average than brunette counterparts. However, the returns to physical appearance depend critically on the race of a potential donor.     

Voices from the Field: How Exceptional Electronic Industrial Innovators Innovate

This exploratory research uses in‐depth qualitative interviews to investigate how 11 exceptional innovators in the electronics industry initiated, created, and commercialized radical innovations in their firms. From the data, two initial frameworks emerged for how radical innovations were created by these individuals. Four themes emerged associated with what these innovators bring to the organization as an underpinning for being able to radically innovate. Additional themes emerged as to the process by which they innovate. Across the literatures of innovation, psychology, and management, creativity is discussed in terms of person, product, or process. This research samples on highly creative innovations (products) and finds that it appears that both person and process need to be considered in attaining radical innovation. One may not be able to consider separately the person who achieves radical innovation from the process he or she uses to achieve it. These exceptional innovators have specific personality characteristics that support radically creative behavior, supplemented by a perspective or worldview that focuses on having a business orientation yet also a somewhat idealistic attitude. They have prepared for innovation by studying deeply, within not just one primary technology topic but also a secondary or peripheral technology topic. In addition, they have prepared broadly, across technology, business, and markets. They are both extrinsically and intrinsically motivated to innovate. People communicating what problems are urgently important to them to be solved produce external motivation for the innovator, who is then intrinsically motivated to solve these people's problems by creating new products. In terms of how they innovate, these exceptional innovators are organizationally savvy and both understand and participate in the politics necessary to gain acceptance of and resources for their project. They use an innovation process that emphasizes the up‐front aspects of finding interesting problems, planning first before executing, and understanding customer needs in great detail. This allows them to generate insights into how to solve those problems profitably for the firm. Once they have obtained and validated their insights for solving the problem, they participate in the actual implementation of the concept to a commercialized product. However, this development aspect of innovating is not much spoken of, as if it is taken for granted. Finally, they actively disseminate knowledge and acceptance of the innovation postinvention.