EFFECTS OF COUNTERTRADE-DIVERGENT PERCEPTIONS BETWEEN PRACTITIONERS AND NON-PARTICIPANTS[1]

This article provides a theoretical discussion of countertrade benefits and problems. It then comments on data collected in a 1985 study of large British firms which demonstrate that actual countertrades have perceptions of the effects of this practice which differ markedly from the perceptions of companies that do not countertrade. Throughout, the findings on benefits and problems are compared as between international and domestic cotmtertraders and non-countertraders. It is concluded that many more UK firms could benefit from participation in countertrade.     

Chapter 11: Strategic advantage and social anathema?

The United States is at a crossroad in its treatment of Chapter 11 of the Bankruptcy Code, which deals with reorganization of bankrupt organizations. It is vital that the issues surrounding the debate be properly framed. This paper attempts to do just that by reviewing the evolution of bankruptcy law, assessing the impact of Chapter 11 leniency on societal stakeholders, considering bankruptcy as a strategic option, and addressing the ethical and societal issues that arise from the use of Chapter 11 to avoid massive litigation or to abrogate labor contracts. Serious threats to the underlying fibers of the American system of enterprise are exposed and an assessment of these threats is offered.Brad Johnson is a consultant with FLR Health Resources, Dallas, Texas. His recent research has addressed health care strategic management, societal consequences of health care systems changes, and competitiveness of NFP organizations. B. R. Baliga is Assistant Professor in Business Policy and International Business at the College of Business Administration at Texas Tech University. He has written two books on Strategies of Multinational Corporations and several articles, which have appeared in Strategic Management Journaland Journal of International Business Studies. John D. Blair is Associate Professor of Management at the College of Business Administration at Texas Tech University. He is also Associate Professor of Health Organization and Management at the School of Medicine at Texas Tech University. He has written two coauthored books: The All-Volunteer Force: A Study of Ideology in the Military(University of Michican Press, 1977) and Leadership on the Future Battlefield(Pergamon Press, 1984).     

Meanings of the home in popular song lyrics: A feminist critique examining rock and country music

The paper examines the meanings of home as portrayed in the lyrics of popular country and rock songs. These two genres were selected because they loosely represent two American subcultural traditions. The home was chosen because of the central role that it plays in most people's lives and because it is commonly mentioned in the lyrics of popular songs. Because the main role of women in American society is integrally associated with their position and activities in the home, it is hard to separate the two. The authors use an interpretive approach and a feminist perspective to analyze the treatment of women's roles in the home in popular music lyrics. They conclude that, while some representations of women are being questioned by both the performers and the lyric writers, the popular music industry, with its many gatekeepers, continues to promote predominantly stereotypical and traditional images of women.     

Tourist perception of environmental impact

This study investigated the relationship between measured environmental impact and tourists' perception of it, at ten sites in Central Australia. A positive relationship between annual visitation to a site and measurable impact was found, despite the small amount of tourism impact in the area. Tourists' perception of impact varied in degree. A majority identified relevant environmental threats (tourism or introduced species), while a smaller proportion suggested management options to address track spreading, the major impact identified by this study. Overall, environmental conditions were rated lower at sites with a higher intensity of impacts, reflecting some tourists' ability to distinguish impacts.     

A Note on the Consequences of Monopsony When Goods are Jointly Produced in Fixed Proportions

The usual analysis of joint supply presumes that all relevant markets are competitive. In this paper, we introduce monopsony into the market for one of two products jointly supplied in fixed proportions. We provide an analysis of the monopsonist’s profit maximizing behavior, the welfare effects of monopsony, and an adaptation of the Lerner Index to this case.     

Building local legitimacy into corporate social responsibility: Gold mining firms in developing nations

A transnational model of global strategy suggests that multi-national enterprises generally rely on proven global capabilities to adapt existing business models. Alternatively, this paper argues that the transnational model needs to be amended to allow for a hybrid approach that balances local and global strategies for multi-national gold (MNGs) firms working in developing nations. This is illustrated by Newmont Mining's efforts to develop local legitimacy through contributions to community development around its gold mining operations in Peru. We then compare the Newmont case with corporate social responsibility (CSR) at other MNGs. We have found that there appears to be an industry-wide institutional environment developing which includes local CSR projects in an attempt to balance the effects of capitalism between global markets and developing nations.     

Is there selection bias in laboratory experiments? The case of social and risk preferences

Laboratory experiments are frequently used to examine the nature of individuals’ social and risk preferences and inform economic theory. However, it is unknown whether the preferences of volunteer participants are representative of the population from which the participants are drawn, or whether they differ due to selection bias. To answer this question, we measured the preferences of 1,173 students in a classroom experiment using a trust game and a lottery choice task. Separately, we invited all students to participate in a laboratory experiment using common recruitment procedures. To evaluate whether there is selection bias, we compare the social and risk preferences of students who eventually participated in a laboratory experiment to those who did not, and find that they do not differ significantly. However, we also find that people who sent less in a trust game were more likely to participate in a laboratory experiment, and discuss possible explanations for this behavior.     

Evaluating and Managing Brand Repurchase Across Multiple Geographic Retail Markets

Many companies manage their business on a geographic basis and evaluate marketing metrics and managers correspondingly. Here, using a multi-level dataset from the U.S. retail gasoline industry, we demonstrate inherent differences in the levels of brand repurchase across territories. Furthermore, we show that the effects of factors that may improve repurchase—customer satisfaction and customers’ relational investments—are moderated by market share at the territorial level. Relational investments have relatively more effect on repurchase in territories where a brand's market share is higher, while customer satisfaction has relatively more effect in territories where a brand's market share is lower. These findings imply that one size does not fit all for either evaluating or managing brand performance at a territorial level.