Exploring conspicuousness in the context of donation behaviour

• The study of donation behaviour has been significant in recent years as charitable organisations realise the value of marketing strategies in order for growth and survival. Consequently, in recent years the growing trend, to increase awareness of charities and generate much-needed funds, has been the sale of empathy ribbons and the like (e.g. red noses etc.). However, it is argued that the motivation behind the purchase of empathy ribbons is largely ostentatious rather than altruistic and, thus, is viewed under the broader umbrella of ‘conspicuous compassion’ (West, 2004). As such, this paper documents a conceptualization of monetary donation behaviour which we term ‘conspicuous donation behaviour’ and, in doing so, we provide a number of research propositions which pre-empt new avenues for future research.

Copyright © 2006 John Wiley & Sons, Ltd.     

Asset allocation under stochastic interest rate with regime switching

We investigate an optimal asset allocation problem in a Markovian regime-switching financial market with stochastic interest rate. The market has three investment opportunities, namely, a bank account, a share and a zero-coupon bond, where stochastic movements of the short rate and the share price are governed by a Markovian regime-switching Vasicek model and a Markovian regime-switching Geometric Brownian motion, respectively. We discuss the optimal asset allocation problem using the dynamic programming approach for stochastic optimal control and derive a regime-switching Hamilton–Jacobi–Bellman (HJB) equation. Particular attention is paid to the exponential utility case. Numerical and sensitivity analysis are provided for this case. The numerical results reveal that regime-switches described by a two-state Markov chain have significant impacts on the optimal investment strategies in the share and the bond. Furthermore, the market prices of risk in both the bond and share markets are crucial factors in determining the optimal investment strategies.     

Is East Asia an optimum currency area?

This paper assesses the empirical desirability of the East Asian economies to an alternative exchange rate arrangement (a monetary union) that can potentially enhance the exchange rate stability and credibility in the region. Specifically, the symmetry in macroeconomic disturbances of the East Asian economies is examined as satisfying one of the preconditions for forming an Optimum Currency Area (OCA). We extend the existing literature by improving the methodology of assessing the symmetry shocks in evaluating the suitability of a common currency area in the East Asian economies employing the Bayesian State-Space Based approach. We consider a model of an economy in which the output is influenced by global, regional and country-specific shocks. The importance of a common regional shock would provide a case for a regional common currency. This model allows us to examine regional and country-specific cycles simultaneously with the world business cycle. The importance of the shocks decomposition is that studying a subset of countries can lead one to believe that observed co-movement is particular to that subset of countries when it in fact is common to a much larger group of countries. In addition, the understanding of the sources of international economic fluctuations is important for making policy decisions. The falling share of country specific factor and the rising role of region factor indicate that East Asia has become increasingly favorable for a monetary union. However, the share of country-specific factor that is still significant implies that it could be costly to renounce individual currencies to advance into a monetary union in East Asia.     

Influence of women’s workload on their nutritional status in selected communities in Ghana

Abstract: A study was undertaken to assess the impact of women’s work on their health and nutritional status in Ghana. Using a combination of purposive sampling and cluster sampling techniques, 80 women were selected from Madina (suburban) and Boi (rural) communities in the Greater Accra Region of Ghana. Structured questionnaire and 24-h dietary recall methods were used to collect the information on the nature of the women’s work, the amount of time used for the activities, health problems and food intakes. Nutritional anthropometry (weight, height) was used to assess the nutritional status using body mass index (BMI) as an indicator. The results revealed that the women were involved in multiple activities and worked between 12 and 17.5 h daily. In an attempt to fulfil their multiple roles, the women suffered many physiological problems, with general weakness and tiredness, body pains, dizziness, headaches, arthritis and malaria being the most common ailments. For food intake and nutrition, it was observed that 70% of the women had only two meals in a day. The reasons attributed to this include lack of time, the need to leave home early and too much involvement in work. The diet of the rural residents were low in almost all the nutrients calculated, whereas that of the urban residents was slightly deficient in protein, energy, iron and calcium. Using BMI as a measure of nutritional status, 31% of the women were found to be at nutritional risk.     

A new paradigm for risk analysis

A novel paradigm for risk analysis is proposed and illustrated. The rationale is to engage with five self-evident observations about the nature of risk that have as yet been insufficiently absorbed within current risk paradigms. The five observations are: (1) that people's knowledge is what determines the way they perceive, define and assess risk issues; (2) that risk issues are a combination of physical and social qualities and properties; (3) that risk issues are pervaded by uncertainty and crises of trust; (4) that risk issues are intrinsically dynamic, changing in profile over time and across geographical and cultural space; (5) that the effectiveness of risk management interventions rests on the quality of the knowledge (scientific and social) on which they are based, and on the internal congruence of that knowledge. Complementary elements of a proposed meta-theory of risk (a new risk paradigm) are set out below with respect to each of these five aspects in turn. The paper is offered as a stimulus to think about the possible existence of a unified paradigm that can span all the various spheres of interest of risk analysis, and as a specific proposal for the possible nature and scope of such a paradigm.     

Ethical Customer Value Creation: Drivers and Barriers

There is a long-standing discussion on the positive interactions between enterprise value creation and business competitiveness. The corporate value can be seen as being created from three major sources within the cycle – from employees, from processes, and from customers or investors through reinvestment. To achieve competitive advantages, a firm must create more value than its competitors in the industry. Emphasizing that, firms should explore the positive drivers of customer value creation, allowing for a true value creation that will lead to increments in competitiveness. In reality, however, there are also barriers that hinder customer value creation. Targeting the above issues that have not yet been explored or analyzed, we have collected related literature at the first stage. Based on these presumable assumptions, this paper then conducts an empirical study by surveying and analyzing the relevance given by the investigated leading machinery measuring equipment firms in Taiwan, regarding the concerns as drivers and barriers in relation to customer value creation. This paper especially aims to answer several key questions: What drivers revolving around employees and processes can facilitate the organization to create more value for its customers? Conversely, what barriers block the organization from creating value for customers in examining the same dimensions? Does value creation direct an organization’s profitability and competitiveness? Our questionnaire survey results show that the most recognized and agreed drivers of customer value creation in consideration of employees are “distinctive skills”, “personal experience”, “learning and training”, and “team work”; and, in regard to the firm’s processes, the key drivers are “innovation and evolution”, “R&;D capability”, and “capability for differentiation”. Conversely, the most recognized and agreed barriers to customer value creation in relation to employees are a “distrustful environment” and “inadequate knowledge”; and, in terms of processes, they are “short of core technology”, “poor resource support”, and “bad services and attitudes”. Furthermore, our in-depth interview outcomes reveal that “capital sufficiency” and “mergers and acquisitions” are in practice considered to be other important customer value creation drivers; in contrast, “cultural and structural barriers” and “short of mechanisms to measure customer value creation effectively” are viewed as additional critical barriers to customer value creation.     

Risk-taking and relational perspective on turnover intentions

This study investigated risking-taking and network ties and their impact on an individual's intention to quit from a relational perspective. Using the social identity and social capital as the theoretical foundation, hypotheses were developed to examine how internal instrumental and external ties as well as ties with higher ranked individuals and their association with turnover intention. These hypotheses were empirically tested using data collected from 126 full-time employees in a Chinese setting. The results showed that high risk propensity was positively associated with turnover intention. Not only internal ties that binds, but external networking also matter in turnover decisions.     

The Effect of Taxes on the Location of Property-Casualty Insurance Firms

States levy insurance premium taxes, which are essentially gross receipt taxes on premiums. An unusual characteristic of insurance premium taxes is that in each state in which an insurance company writes premiums, the firm pays the higher of the tax rate in the state in which the company is domiciled and the state in which the policy is written. Thus, the choice of location has a significant effect on the firm's tax liability. Using firm-level data for the property-casualty (P-C) insurance industry, we calculate the firm-specific tax rate for each P-C firm for every possible state of domicile. We estimate conditional logistic models to analyze the effect of insurance premium taxes on the choice of the state of domicile of existing and relocated firms. We find robust evidence of a small, negative, and statistically significant effect of these taxes on the choice of the state of domicile.     

Adolescents’ choice and pursuit of their most important and interesting leisure activities

This study investigated the choice and pursuit of adolescents’ most important and interesting leisure activity. It is underpinned by the concept of serious leisure, recent perceptions of seriousness as a continuum and calls for incorporating contextual elements of serious activity pursuit. A questionnaire survey was administered to 832 students from 10 secondary schools in Hong Kong. Students were asked to nominate leisure activity that they regarded as most important and interesting as well as to complete an adapted version of the Serious Leisure Inventory and Measure (SLIM). Results showed the popularity of sports and performance and graphic arts activities and of psychological reasons for activity choice. There were variations in activity choice between boys and girls and across schools as well as across levels of seriousness in activity pursuit. The study adds to the scant knowledge of adolescents’ serious leisure and enhances understanding of motives for and meanings of serious engagement.