Factor inputs in U.S. trade

This paper focuses on some open questions in the empirical literature on the factor content of U.S. trade. In a regression analysis on 1963 and 1967 cross-section data, it is found that U.S. trade is exporting the services of human capital and importing the services of raw labor and (marginally) of physical capital. The results are not sensitive to scaling for industry size or to using probit analysis rather than OLS regression. An important implication of the results is that it is inappropriate to aggregate physical and human capital in trade models.     

Understanding the Change and Development of Trust and the Implications for New Leaders

Leaders, particularly new leaders, seek to establish high levels of trust, as it has been associated with higher levels of effectiveness and group outcomes. This study is designed to understand how trust changes and develops for leaders in a new role and the implications of that change. Although calls for research on trust over time have been made for the past 2 decades, our knowledge of this phenomenon is still quite limited. The findings indicate that leader and unit performance is a function not only of absolute trust level, but is also affected by the direction and magnitude of change in trust across time periods, with the highest levels of effectiveness being associated with leaders who exhibited an increase in trust from the group over time. The data also suggest that the direction and rate at which trust grew was determined by initial expectations and transformational leadership behaviors.

     

Risks and marketing in online transactions: a qualitative comparative analysis

The article focuses on the perspectives of holidaymakers who have used internet to book a part or the whole spectrum of their holidays' accommodation. Using qualitative comparative analysis (QCA), the research examines the complex relations between product and web-vendor risks, and marketing activities on consumer trust, also employing predictive validity. It examines the perspectives of 735 holidaymakers returning to Manchester International Airport, through the use of structured questionnaires. The findings reveal three sufficient configurations dealing with the focus on the impact of price and quality relationships, the influence of product and web-vendor risks on consumer trust, and the importance of marketing for the minimization of perceived risks in online tourism shopping. Theoretically, the study contributes on the understanding of online decisions’ complexity, and explores the attributes that affect accommodation e-purchasing and associated linkages. Methodologically, it implements QCA, which is new in tourism and hospitality domain. It also progresses from fit to predictive validity, an analysis that only a handful of studies has implemented in the service industry.     

The Feldstein–Horioka puzzle across EU members: Evidence from the ARDL bounds approach and panel data

This paper addresses the saving-investment (SI) correlation for the EU15 member countries, using the ARDL approach and panel regressions. If we accept the Feldstein–Horioka [Feldstein, M. and C. Horioka, 1980, Domestic saving and international capital flows, Economic Journal 90, 314–329.] interpretation of the SI correlation, the evidence from the ARDL approach does not point to any particular direction in terms of country size, or level of development, or economic and capital market structure. Panel regressions yield an SI coefficient in the range of 0.148–0.157. This finding is attributed to higher capital mobility, lower transaction costs in the international capital markets, and the declining status of long-run current account targeting as a primary government objective.     

The influence of an optimal control system on salesperson performance and championing

In this study, the effect of a deviation from an optimally blended control system on salesperson performance and championing is investigated. Blended control systems represent combinations of many different forms of control, affording sales managers the opportunity to better match a control system with the overall context in which their firm operates, addressing such things as current salesperson, firm, and environmental variables. The extent to which the blended system represents an appropriate match with the overall context, however, is of primary concern. As demonstrated here, deviations from optimal control negatively affect both individual salesperson performance, as well as salesperson championing. In combination, these findings emphasize the importance of understanding a broader picture of salesperson control than is allowed through simple direct effect analysis.