Diversity,tokenism, and comic books: Crafting better strategies

This article examines aspects related to diversity and inclusion in the context of media products. Specifically, it looks at key issues surrounding strategies to increase diversity and inclusion in comic books that come up short because of problems of implementation and execution. Using the context of Marvel Comics’ “All-New, All-Different” strategy, whereby the firm created a myriad of new characters from traditionally underrepresented backgrounds, we explain how diversity strategy can backfire. In our analysis, both netnographic and interview data show how issues of perceived tokenism and of content creation without appropriate depth can thwart consumer acceptance of diversity and inclusion strategies. Consumer rejection of these strategies can harm both sales and brand equity. Implications for marketing managers and content creators are discussed.     

The role of the technology barometer in assessing the performance of the national innovation system

Along with increasing significance of innovation in socio-economic development grows the need to utilize future-oriented knowledge in innovation policy-making. Foresight and road-map exercises are aimed at supporting planning and priority-setting of R&D and have become indispensable elements of policy-making. Besides technological development decision-makers need all-inclusive knowledge of future developments of society, economy and impacts of science and technology. When the worldwide competition is about the attractiveness of innovation systems, such knowledge is important for comparing the innovation performance of nations to other economies. Finland is among the countries improving her position in worldwide performance comparisons since the late 1990s and reached leading nations in early 2000s. This attainment raised national interest and critical debate of the reliability of the data basis and methodologies used in comparisons. In The Finnish Association of Graduate Engineers (TEK) this discussion led to a decision to develop an own comparative exercise together with VTT. In addition to performance analysis based on ex-post indicators the barometer includes the questionnaire of the views and visions of the future development by relevant national actors. The theoretical framework of the barometer is based on the evolution of economies from industrial development phase to sustainable knowledge society. The barometer has been undertaken in 2004, 2005 and 2007, and a wide interest and emerged discussion of barometer proves that a social interest and order exists for the barometer. The article presents the background, methodology and results of technology barometer, discusses its impacts on national discussion, and gives perspectives for the future development of barometer.     

The Effect of Bank Credit on Asset Prices: Evidence from the Japanese Real Estate Boom during the 1980s

This paper studies whether bank credit fuels asset prices. Financial deregulation during the 1980s allowed keiretsus to obtain finance publicly and reduce their dependence on banks. Banks that lost these blue-chip customers increased their property lending, and serve as an instrument for the supply of real estate loans. Using this instrument, I find that a 0.01 increase in a prefecture's real estate loans as a share of total loans causes 14–20% higher land inflation compared with other prefectures over the 1981–91 period. The timing of losses of keiretsu customers also coincides with subsequent land inflation in a prefecture.     

Financial Constraints Risk

We construct an index of firms’ external finance constraintsvia generalized method of moments (GMM) estimation of an investmentEuler equation. Unlike the commonly used KZ index, ours is consistentwith firm characteristics associated with external finance constraints.Constrained firms’ returns move together, suggesting theexistence of a financial constraints factor. This factor earnsa positive but insignificant average return. Much of the variationin this factor cannot be explained by the Fama–Frenchand momentum factors. Cross-sectional regressions of returnson our index and other firm characteristics show that constrainedfirms earn higher returns and that the financial-constraintseffect dominates the size effect.     

Thin-slicing Tremé as a subjective sashay: heretical pilgrimages to St. Augustine Catholic Church

ABSTRACT

Five heretical field researchers celebrate human subjectivity in a fractured journey toward St. Augustine Catholic Church in the heart of Tremé in September 2015. They populate their diverse pentagonal thoughts with Mary Douglas’ negotiated concepts of purity and pollution, rituals and symbols as a counterweight in their backpacks. Some are inspired by the theatrical mythologies of the guides who take them there, others are stopped in their track by the residual devastation of Hurricane Katrina. Some stop to wonder at Nicolas Cage’s future resting place, others line up at food-trucks to add smells and taste to Tremé’s mediated precreation. Some frame it as a battle ground of past and present injustice, others acknowledge the strife inside the dirty tourist. The thin-sliced meanings acquired on the boulevards to St. Augustine Catholic Church provide a touch of truthfulness, in the idiosyncratic segments, and the spirited spaces in between.     

Public Predisclosure Information, Firm Size, Analyst Following, and Market Reactions to Earnings Announcements

Abstract:   This study examines the effects of public predisclosure information on market reactions to earnings announcements. We develop an empirical measure of public predisclosure information impounded in price prior to earnings announcements by cumulating abnormal returns on public news release dates during the quarter. Consistent with prior literature, we document a negative association between this measure and market reactions to subsequent earnings announcements. Moreover, we find that after controlling for this measure, firm size and analyst following are significantly positively associated with market reactions to earnings announcements. Contrary to prior empirical evidence, our results suggest that, after controlling for actual predisclosure information impounded in price, market reactions to earnings announcements are greater in magnitude for larger, more widely-followed firms than for smaller, less widely-followed firms.     

Cost Management in the Public Sector: Legitimation Behaviour and Relevant Decision Making

This paper presents a case study where a cost management project was implemented using action research methodology at two Finnish organizations working in a purchaser–provider relationship. While the study demonstrates the efficiency‐seeking motive behind the implementation of the management accounting tool, subsequent investigation found that tool remained partly unused despite showing its potential relevance for practice through user involvement. However, this does not necessarily signal legitimation‐seeking behaviour. Reasons for not using some parts of the tool point to an overestimation of the functionality and an underestimation of implementation problems during the design process. The case also highlights the relationship between relevance and decision making.     

Co-evolution of trust and dependence in customer–supplier relationships

The relational and dynamic aspects of interfirm trust and dependence produce a crucial, but insufficiently addressed, challenge for successful relationship coordination. In this paper we concentrate on this issue by examining how trust and dependence co-evolve in customer–supplier relationships. Building on a case study, we develop propositions and a model that illustrates how interorganizational trust and dependence co-evolve through the different phases of customer–supplier relationships and how we may distinguish cooperative and trustworthy actors from those who will behave opportunistically. Theoretical and practical implications are offered.