Perceived organizational change in the hotel industry: An implication of change schema

A schema, first proposed by Fiske and Taylor (1984), is a cognitive structure that represents organized knowledge on a given concept or type of stimulus. Lau and Woodman (1995) further explained that when an organization experiences changes, its members have various interpretations of and expectations for those changes. The cognitive understanding of change is guided by a mental map that represents the knowledge structures of the attributes of change and relationships between different events of change. This mental map refers to the so-called change schema (Lau and Woodman, 1995). The objectives of this study are to apply this change schema to organizational change in hotels, and to examine the antecedents and consequences of organizational change.     

Service guarantee and optimal payout models

This paper evaluates both the optimal service level and optimal economic payout in service payout models. A service guarantee level is explicitly taken into consideration to obtain the optimal payout. In this study, we consider a generic model to provide insights into the dynamic interaction between the service guarantee and optimal payout levels. Parametric analyses show that when the demand payout coefficient is high, the impact of the payout is positive only if the payout rate is high enough.     

Financial intermediary's choice of borrowing

This research investigates several dynamic stochastic models of a bank's management problem of the term structures of its assets and liabilities. A bank can either eliminate most of its interest risk with appropriate options, or it can utilize its expertise in its core business and seek extraordinary profits. This research concerns a bank with the latter goal. In this model, the bank seeks to maximize the expected present value of dividend issued subject to the Federal Reserve's regulatory constraint and liquidity constraint. With this model, we find that if the available deposits are not too high and the level of liquid assets is high enough, then it is optimal for a bank to accept all of the available deposits. However, if the level of liquid assets is too low, then a bank should not issue a dividend or to accept any deposits. The properties are still valid even if the bank is not risk neutral.     

Reward climate and its impact on service quality orientation and employee attitudes

This study examined the mediating role of service quality orientation (SQO) on reward climate and employee attitudes. Using a sample drawn from the hotel industry in Hong Kong, we found that reward climate was significantly associated with job satisfaction and organizational commitment. Employees that perceived a strong service reward climate tended to exhibit a more pronounced SQO and in turn higher levels of job satisfaction and organizational commitment. These findings underscore the importance of reward climate to the process of service provision. Implications for the establishment of a service reward climate are discussed as are suggestions for future research in this promising new area.     

The moderating effects of gender roles on service emotional contagion

This study attempts to examine how service personnel's appearances, attitudes, and behaviours affect customers' emotions and thus their satisfaction and loyalty; it also considers gender roles an important moderator, in that customers with different gender roles may detect and feel differently when they are exposed to personnel's appearances, attitudes, and behaviours. Empirical data were collected from customers in clothing shops in Taiwan. The results suggest that customers with androgynous role more sensitive to the emotional contagion process. Managerial implications and future research directions are also discussed.     

An application of Lotka–Volterra model to Taiwan's transition from 200 mm to 300 mm silicon wafers

In this paper, we explore the innovation growth of 200 mm and 300 mm silicon wafers from Taiwan. Using the historic data, we simulate the growth of the area of 200 mm and 300 mm silicon wafers manufactured in Taiwan by the competitive Lotka–Volterra model. The parameters in the Lotka–Volterra model estimated with the realistic data are obtained numerically. The dynamic growth of competitive relationship between 200 mm silicon wafers and 300 mm silicon wafers is then analyzed. To prove the performance of the model, we further compare the famous Bass model and the Lotka–Volterra model. We also perform the equilibrium analysis to determine the long-term stability state in the simulation trajectory. Our research exhibits that 200 mm silicon wafers and 300 mm silicon wafers show a prey–predator relationship under the assumption of natural competition in the global semiconductor market. From a managerial perspective, the coefficients in the Lotka–Volterra model of exponential growth, self-interaction and cross-interaction represent the strength of product attractiveness, niche capacity and interaction for two competition products. We also find that there exists a stable equilibrium state for 200 mm silicon wafers and 300 mm silicon wafers. The prey 200 mm generation does not disappear completely; it finally settles to a constant market alongside the predator 300 mm generation.     

An Exploratory Study of the Otaku Adolescent Consumer

High accessibility to Internet technology and popularization of focus media has given rise to various emerging subcultures among the younger generation who constantly seek novelty. The otaku is such an adolescent subculture of avid collectors who have a special lifestyle and who are obsessed with anime products. This study explores this specific adolescent segment's traits and purchasing behavior patterns. A focus‐group interview was conducted with some adolescent otaku to allow them to express their opinions and purchasing behaviors. Then, a questionnaire was developed based on the interview's findings, and data from a survey of 105 respondents were collected. Exploratory factor analysis was applied to extract the otaku's trait factors, while confirmatory factor analysis and structural equation modeling were used for the verification of the scale and structural model, respectively. The results show that the adolescent otaku present an obsessive preference for visual perception. The main factor influencing the otaku's purchasing intentions in terms of animation, comics, and games (ACG) is their strong interest in and participation willingness toward ACG. Strategic marketing directions applied to this adolescent group should emphasize information visualization to entice their buying behavior.     

The Effect of Government Ideology on an Exchange Rate Regime: Some International Evidence

This paper comprehensively investigates the effect of government ideology on the type of exchange rate regime that a country implements via multinomial logit and multinomial probit models for 147 countries in the period 1974–2009. Our results clearly indicate that a left‐wing government increases the likelihood that a country implements a flexible regime in the classifications of exchange rate regimes. Nevertheless, evidence is weaker when using the de jure IMF course classification, which is set up by Ilzetzki et al. ( 2008 ). In a deeper investigation, we find that left‐wing governments are more likely to choose a flexible regime relative to a fixed one in our sample of OECD, non‐OECD and non‐Eurozone countries, as the impacts from government ideology on the determinant of the choice of exchange rate regime in Eurozone countries disappear. More importantly, we present many explanations for exchange rate regime choices when macroeconomic conditions, political constraints and institutions impact the choice of exchange rate regime.     

The spillover effects of the sub-prime mortgage crisis and optimum asset allocation in the BRICV stock markets

In the aftermath of the sub-prime mortgage crisis, we set out to investigate the spillover effects of returns and volatility in the US stock market on the stock markets of Brazil, Russia, India, China and Vietnam (BRICVs). The results of our application of the ARJI (autoregressive conditional jump intensity) model reveal that the greatest contagious effects of returns and volatility from the US market before the crisis were felt by Russia; however, following the crisis, the most intense spillover effects are found to be on Vietnam. While India, the most efficient of these markets, demonstrates the lowest total long-run risk, an inverse situation is discernible for both China and Brazil. Our results therefore suggest that in the design of their asset allocation strategies, investors with risk aversion should consider investing greater proportions of their funds in India, while being conservative in both Brazil and China to avoid inefficient and risky investment.