Late globalization and evolution,episodes and epochs of industries: Evidence from Danish textile and fashion industry, 1945–2015

This paper explores the conceptual terrain of what we term late globalization. The late globalization phenomena are multilevel and multidimensional; this paper offers an initial portal into these phenomena. Understanding late globalization would provide academic insights and help in shaping practices at international, national, sectoral, and corporate levels. The paper follows a macro‐conceptual to a micro‐empirical path to provide illustrative empirical evidence. Studying the emergence and evolution of Danish Textile and Fashion Industry (DTFI) between 1945 and 2015—a quintessential sector for globalization—allows the examination of several interrelated issues: critical events, impediments, pressures, and turning points that shaped DTFI; main institutional players that motivated key policy changes in and evolution of DTFI; and effects of late globalization on size, mission, location, knowledge, growth, and structure of DTFI. This longitudinal case study of the development of the DTFI brings to the fore key features that shape late globalization at the sectoral‐national level: government industrial policies toward domestic and foreign players in an industry, global competition that shapes and continually reshapes (cost as well as quality‐driven) location of key value chain activities (and the concomitant global distribution of core competencies and skills), and the growing role of information technologies that enable globally‐dispersed value chains to function in cohesive and unified ways. Late globalization has additional levels and dimensions; and we point to implications for future research.     

How Costly is the Deliberate Disinflation in India? Estimating the Sacrifice Ratio

Journal of Quantitative Economics - Methods followed in earlier studies for estimating the sacrifice ratio or the real cost of deliberate disinflation have focused only on aggregate supply side...     

How social influence affects consumption trends in emerging markets: An empirical investigation of the consumption convergence hypothesis

The authors empirically test the veracity of the consumption convergence hypothesis for emerging markets (EMs): the hypothesis that through social influences on individual consumers resulting from global integration, and exposure to the United States (U.S.), consumption levels in EMs converge toward U.S. consumption levels. Drawing upon psychological theories of social influence, and using national per capita consumption data from 22 major EMs and the U.S., the authors find strong empirical support for consumption convergence for both, the aggregate consumption level of EMs, as well as for soft‐drink consumption therein. After controlling for income and price levels, the results show that global integration and exposure to the U.S. each increase the EM's consumption convergence. The authors also find that degree of global integration interacts with specific exposure to the U.S., accelerating consumption convergence of EMs. Theoretical and practical implications of the results are considered, and future research opportunities are discussed. © 2004 Wiley Periodicals, Inc.     

Media,markets and violence

ABSTRACT

Media have multipronged linkages to violence, and these have been studied in considerable detail in the fields of communication and media studies. With commercialisation of media and the rapid decline of paying subscribers, for their survival in a capitalist economy, media have to rely increasingly on advertising revenues, and on other ways of linking to markets. Portrayals of violence have become reliable vehicles for ensuring media profitability – in terms of generating advertising revenue – as well as for generating revenue streams via related market-developing and market-maintaining ways. With the advent of new media – social media, virtual reality media and Artificial Intelligence (AI)-robotics-sentient media – the nexus of media, markets and violence is beginning to transform. This paper offers concepts and frames to start exploring the new patterns of linkages across media, markets and violence.     

Decision-making time in organizational buying behavior: An investigation of its antecedents

This study reports an empirical investigation focusing on the length of time firms take in making major purchase decisions (DMT) and examines antecedents such as buyclass, firm size, decision-making unit (DMU) size, information sources, and size of the consideration set. Data were provided by a national sample of organizations involved in the purchase of telecommunications systems. Findings suggest that firm size, buyclass, DMU size, information sources, and size of consideration set all significantly affect DMT. Antecedent relationships among the independent variables were also largely as expected. This study provides a starting point for a fertile area of research with important implications for organizational buyers and sellers as well as researchers. She holds a B.S. in Marketing and an MBA from the University of California at Berkeley and a Ph.D. in Marketing from Northwestern University. Her research interests are in the areas of technology diffusion and management as well as consumer behavior, advertising, and macromarketing. She has published in theJournal of Consumer Research, Public Opinion Quarterly, Journal of Business Research, Journal of Macromarketing, European Journal of Marketing, IEEE Transactions on Engineering Management, Telematics and Informatics, andJournal of Economic Psychology. She is a member of the Editorial Policy Board of the Journal of Macromarketing and President of the International Society for Marketing and Development. She received her Ph.D. from the University of Nebraska. Dr. Johnson’s research interests focus on interorganizational relationships in marketing contexts, such as distribution channels or business-to-business marketing with emphasis on cross-culture interorganizational marketing relationships. Dr. Johnson’s research has appeared in theJournal of Marketing, Journal of International Business Studies, Journal of Business Research, andCurrent Issues and Research in Advertising, among other journals and conference proceedings. She has also presented her work at a variety of domestic and international conferences. He received his Ph.D. from the University of Massachusetts at Amherst. His research interests are in the areas of pricing, consumer behavior, and marketing research. He is coauthor ofConsumer Behavior: Concepts and Applications, currently in its fourth edition, and his research has been published inDecision Sciences, Journal of Marketing Research, Journal of Business Research, Journal of the Academy of Marketing Science, Journal of Macromarketing, Journal of Retailing, Journalism Quarterly, and other leading journals and publications of professional societies. He holds degrees in engineering and management from India and a Ph.D. in marketing from Northwestern University. Dr. Dholakia’s research deals with technology, innovation, market processes, globalization, and consumer culture. Dr. Dholakia has published over 70 papers in professional journals and proceedings in management, marketing, and technology. Among his books areEssentials of New Product Management (coauthored, Prentice-Hall, 1987).     

Economics, Psychology, and Social Dynamics of Consumer Bidding in Auctions

With increasing numbers of consumers in auction marketplaces, we highlight some recent approaches that bring additional economic, social, and psychological factors to bear on existing economic theory to better understand and explain consumers' behavior in auctions. We also highlight specific research streams that could contribute towards enriching existing economic models of bidding behavior in emerging market mechanisms. This paper is based on the special session at the 6th Triennial Invitational Choice Symposium, University of Colorado Boulder, June 2004 (co-chaired by the first two authors).     

Temptation and resistance: An integrated model of consumption impulse formation and enactment

Research pertaining to the consumption impulse is sparse in the literature. To address this lacuna, the author presents and validates a detailed theoretical framework explicating the consumption impulse formation process, and examining the role played by cognitive and volitional processes in its resistance or enactment. The model makes the distinction between consonant (harmonious) impulses and dissonant (conflicting) impulses and elaborates on the role of the impulsivity trait, situational variables, and constraining factors in enactment or resistance of the consumption impulse. The results of two studies provide support to the general working of this theoretical framework. This research has the potential to inform many critical issues surrounding consumer behavior, such as regulating consumption impulses in retail and on‐line shopping environments, and developing interventions for prevention of harmful consumer behaviors such as addictions. © 2000 John Wiley & Sons, Inc.     

Intergeneration differences in consumer behavior: Some evidence from a Developing Country

Investigation of consumer socialization processes provide insights into the learning of consumer skills and values. A study conducted in India reveal that children may be important sources of information and this role needs to be specifically fostered. Parents, especially mothers, may not be “rational” socializing agents. These findings contrast with those from socialization studies conducted in affluent societies such as the United States. These differences in socializing influences reflect to some degree differences in levels of economic development. However, they have implications for socialization research and policies in both types of economies.     

How Purchase Type Influences Consumption-Related Posting Behavior on Social Media: The Moderating Role of Materialism

It is now common to see consumers post their own purchases on social media to communicate feelings and/or thoughts about the consumption items to their social media audience. The authors conducted two surveys with a student sample and an Amazon MTurk sample to investigate factors leading to such behavior. The results show that purchase type predicts the consumption-related posting behavior—experiential purchases are more likely to get posted than material purchases, and materialism serves as a moderator in the influence of purchase type on the posting behavior. Specifically, lower-materialism consumers are more likely to post experiential purchases on social media than material purchases, while higher-materialism consumers do not show such a pattern. This article pioneers in investigating consumption-related posting behavior and provides important implications to research on user-generated content, materialism, and purchase type.