Negative Affect and Counterproductive Workplace Behavior: The Moderating Role of Moral Disengagement and Gender

There has been growing scholarly interest in understanding individual-level antecedents of counterproductive workplace behavior (CWB). While researchers have found a positive relationship between individuals’ negative affect and engagement in CWB, to date, our understanding of the factors which may affect this relationship is limited. In this study, we investigate the moderating roles of moral disengagement and gender in this relationship. Consistent with our hypotheses, we found that individuals with a greater tendency to experience negative emotions were more likely to engage in CWB when they had a higher propensity to morally disengage. Moreover, we found that this interacting relationship varied across men and women. We discuss the theoretical and practical implications of our findings and offer avenues for future research.     

The importance of consumer characteristics and market structure variables in driving multiple store patronage

The purpose of this study is to investigate multiple store patronage. Specifically, the aim is to relate the number of stores patronized to a set of consumer characteristics and market structure factors, according to a cost–benefit approach. Data from a sample of 1000 shoppers indicate that only few consumer characteristics impact on multi-store patronage pattern for grocery purchases (gender and shopping activity perception). Moreover, the number of stores operating in the market proved to be an important determinant of patronage set size. Implications for retailers are discussed with suggestions for future research.     

Percolation Processes, Technological Externalities and the Evolution of Technological Clubs

Technological cooperation has become more widespread in recent years. Percolation processes have been studied in physics as the outcome of four classes of forces termed as density, external pressure, connectivity and receptivity. In this paper the methodology of percolation processes has been adapted to interpret the dynamics of knowledge flows within innovation networks as communication systems and to understand the evolution of technological cooperation among firms both within and among industries.     

Acquisitions and CEO power: Evidence from French networks

During mergers and acquisitions, the CEOs of the acquiring firms are likely to cancel the deal if the market does not react favorably to its announcement. Using a sample of French acquisition announcements during the period from 2000 to 2005, this paper studies the conditions in which CEOs are more willing to listen to investors. Furthermore, according to the strong networks developed through French elite schools' alumni and board ties, the well-connected CEOs are more likely to complete any deal in spite of a negative market reaction to acquisition announcements.     

ORGANIZATIONAL CHANGE,SKILL FORMATION,HUMAN CAPITAL MEASUREMENT: EVIDENCE FROM ITALIAN MANUFACTURING FIRMS

Abstract This paper emphasizes the role of labour demand as a determinant of human capital formation. After a section in which the alternative conceptions on the functioning of labour markets are presented and different ways of measuring human capital are compared, an applied analysis is carried out in which we provide a labour‐demand‐oriented measure of human capital, as defined by the amount of specific skills firms generate through work‐based training (WBT) activities. By merging three rich firm‐level datasets, we estimate the impact of a set of variables supposed to affect both the propensity to invest in WBT and the intensity of training within the Italian manufacturing industry over the period 2001–2005. Special attention is devoted to the variables characterizing within‐firm organization of knowledge, organizational change and the formation of competence pipelines: among them, innovation, internationalization commitment, out‐sourcing and new hirings. The estimates show that the effect of innovation on WBT is higher when the introduction of new technologies is supported by organizational innovations. When looking at the nature of WBT, we investigate the different determinants of the firms' propensity to provide both in‐house and outside training. We measure training intensity in terms, respectively, of the number of provided training activities, private and total training costs and share of trainees.     

Exchange option pricing under stochastic volatility: a correlation expansion

Efficient valuation of exchange options with random volatilities while challenging at analytical level, has strong practical implications: in this paper we present a new approach to the problem which allows for extensions of previous known results. We undertake a route based on a multi-asset generalization of a methodology developed in Antonelli and Scarlatti (Finan Stoch 13:269–303, 2009) to handle simple European one-asset derivatives with volatility paths described by Ito’s diffusive equations. Our method seems to adapt rather smoothly to the evaluation of Exchange options involving correlations among all the financial quantities that specify the model and it is based on expanding and approximating the theoretical evaluation formula with respect to correlation parameters. It applies to a whole range of models and does not require any particular distributional property. In order to test the quality of our approximation numerical simulations are provided in the last part of the paper.     

Technological diffusion and investment behaviour: The case of the textile industry

Zusammenfassung Verbreitung von Technologien und Investitionsverhalten: Der Fall der Textilindustrie. — Die Verbreitung einer neuen Produktionstechnologie h?ngt sowohl von ihren eigenen Eigenschaften wie Gewinnaussichten und technischer Leistungsf?higkeit als auch von den allgemeinen Bedingungen für Investitionen ab. Die Autoren versuchen zu erkl?ren, da\ die Verbreitung neuer Technologien das Ergebnis einer Kombination aus allgemeinem Investitionsverhalten und speziellen Lernprozessen in bezug auf die neue Ausrüstung ist. Sie machen einfache Annahmen darüber, welche Faktoren bei der Wahl neuer Anlagen eine Schlüsselstellung einnehmen, wenn in einer Welt begrenzter Rationalit?t investiert wird. Dieses Modell benutzen sie für Sch?tzungen der Entwicklung in der Textilindustrie von 16 L?ndern. Simulationen ergeben endogen definierte Diffusionskurven und Unterschiede im Modernisierungs-verhalten zwischen den einzelnen L?ndern.

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Résumé La diffusion technologique et le comportement de l’investissement: Le cas de l’industrie textile. — La diffusion de la nouvelle technologie dans le processus de production dépend de ses propres caractères en termes de profit et de la capacité technique et des conditions générales pour l’investissement. Cette étude a l’intention d’expliquer que la diffusion est le résultat combiné du comportement de l’investissement et des fa?ons d’apprendre en ce qui concerne le nouvel équipement. Des simples suppositions concernant les facteurs clé, étant importants pour le choix de l’équipement moderne dans un monde d’une rationalité limitée, mènent aux estimations des relations pour l’industrie textile de 16 pays. Les simulations démontrent des courbes de diffusion endogènes et des différences en modernisation industrielle entre les pays.

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Resumen Difusión tecnológica e inversión: el caso de la industria textil. — Le difusión de tecnologíca nueva en la productión dépende tanto de sus propias características en términes de beneficios y calificaciones téenicas como de las condiciones générales para la inversión. El objetivo de este trabajo es explicar cómo los procesos de difusión constituyen el resultado combinado de la inversión y de procesos de aprendizaje relacionados con el nuevo equipo. Los supuestos simples sobre los factores decisivos para la electión de un equipo nuevo (en el momento de invertir) permiten realizar estimaciones para la industria textil de 16 países en un mundo de racionalidad limitada. Las simulaciones muestran curvas de difusión definidas endógenamente y diferencias entre las pautas de modernizatión de los países.

     

New Information Technology and the Knowledge-Based Economy. The Italian Evidence

This work analyses the outcome of the interaction between: 1) the diffusion of new information technologies; 2) their effects on the tradability, divisibility and transportability of information; 3) the growing role of business service industries in the introduction of new technologies; 4) the interaction between receptivity and connectivity of learning agents in the generation of localized technological change based upon both tacit and generic knowledge, and 5) the parallel increase in total factor productivity. The empirical results provide some support, with respect to the Italian economy, to two hypotheses: 1) The co-evolution of usage of business and communication services. Our empirical analysis has shown the strong correlation between the levels and rates of growth in the use of communication and business services. 2) The productivity enhancing effects of the co-evolution in the use of business and communication.