TRIPs and patenting activity: Evidence from the Indian pharmaceutical industry

This paper studies the impact of the strict patent regime on the patenting activity of Indian pharmaceutical firms and finds that patenting activity of these firms has increased after the signing of TRIPs. The study is conducted for 65 pharmaceutical firms for the period 1991 to 2004 using different parametric and semiparametric count panel data models. Results across different count data models indicate a positive and significant impact of the introduction of stronger patents on patenting activity. Further, the results show a gestation lag of 2 years between R&D spending and patent applications.     

The impact of support at the workplace on transfer of training: a study of an Indian manufacturing unit

This study aims to assess the individual impacts of two components of support at the workplace, namely, support from peers and supervisor, on transfer of training in a post‐training environment. Mediation by motivation to transfer in the relationship of supervisor and peer support with transfer of training has also been examined. Data on 149 respondent employees working in a manufacturing unit owned by a leading player in the power transmission business in India has been subject to hierarchical regression analysis. Results confirm the key role of supervisor support in transfer of learned skills. However, the impact of peers on transfer is found to be greater than that of supervisors. The findings prompt us to recommend that peers should be involved in publicizing post‐training experiences and benefits. Organizations and supervisors should encourage peers to motivate employees in applying training skills to the job by means of rewards and recognition. Overall the results contribute to a better understanding of support at workplace as a predictor of transfer.     

Green apparel buying behaviour: A Stimulus–Organism–Behaviour–Consequence (SOBC) perspective on sustainability-oriented consumption in Japan

The green apparel literature has previously examined the disparity between consumers' positive purchase intentions and their actual purchase behaviour. This dichotomous behaviour represents the critical ‘intention–behaviour gap’, which marketers must seek to reduce to increase sales of their products. The current study thus seeks to identify the drivers of green apparel purchase behaviour that may potentially mitigate this gap. The proposed conceptual model is grounded in the Stimulus–Organism–Behaviour–Consequence (SOBC) paradigm and is tested through an analysis of cross-sectional data collected from 387 green apparel product consumers in Japan who were sourced through Macromill Inc. The findings suggest that optimism as the stimulus is positively associated with labelling satisfaction and labelling desire, which, in turn, are positively associated with purchase intentions, representing behaviour. Furthermore, purchase intentions are positively associated with shopping routine and fully mediate the association between shopping routine and buying behaviour. The study provides interesting strategic inputs for green apparel marketers and retailers.     

Detecting a shift in location: Some robust tests

The test statistic W, suggested by Hawkins (1977) and Worsley (1979) for testing a sequence of observations for a shift in location, is sensitive to the assumption that the distribution of the population being sampled is normal. A modification of this statistic is proposed which is robust against ‘heavy tailed’ distributions. We also study the performance of several alternative testing procedures by means of a simulation experiment. The Farley-Hinich test (1975) and the Homogeneity test discussed in Brown, Durbin and Evans (1975) perform well in the Simulation experiment against ‘heavy tailed’ distributions. Some applications to economic data are also discussed in the paper.     

Margin Requirements in the Security Market and Public Policy

The paper examines the problem of losses beyond margin in the stock market and Us probable solution assuming that the present regime of margin regulations continues. In Canada, the severity of losses in the stock market has been enhanced by inadequate legislation in the margin-related area, ambiguous rules and regulations of the stock exchanges in this regard, and conflicting court decisions in establishing liabilities for losses due to violations of margin regulations. This paper will focus on the nature of the problems in the above three areas and suggest measures, largely legislative in nature, to reduce the losses incurred by the public through trading in margin accounts. The analysis of losses in margin accounts is supported by two court cases arising out of the 1980–82 recession and high interest rates during this period. Résumé Cette étude examine le problème des pertes boursières engagées au-delà de la marge et sa solution probable en supposant que le présent régime de réglementation des marges se poursuive. Au Canada, l'importance des pertes boursières est accentuée par une législation relative aux marges inadéquate, une réglementation boursière ambiguë et des décisions judiciaires contradictoires quant à la responsabilité des pertes causées par des transgressions des règles sur les marges. La présente étude vise à éclaircir la nature des problèmes dans les trois secteurs précédement mentionnés et à suggérer des mesures de nature principalement législative afin de réduire les penes engagées par le public dans les comptes de marge. L'analyse de ces pertes est appuyée ici par deux causes judiciaires survenues pendant la période de la récession en 1980–82 et caractérisée par taux d'intérět élevés.     

Through Thick and Thin: How Fair Trade Consumers Have Reacted to the Global Economic Recession

Research on fair trade has flourished over the past decade as fair trade food products have gained popularity amongst consumers in many developed economies. This study examines the effects of recessionary economic conditions on fair trade consumers’ purchasing behaviour. An online survey was administered to 306 fair trade consumers from Canada, the United Kingdom and the United States of America. The results reveal a discrepancy among fair trade consumers as only consumers that purchase fair trade on an occasional basis adhered to established consumer behaviour norms, i.e. decreasing their purchases of fair trade products and becoming significantly more price aware. Respondents who actively consume fair trade generally remained loyal to their purchase. While some active consumers altered their purchasing behaviour, this phenomenon was not common amongst this group as no statistically significant changes were observed. Differences were also noted among the three countries as the Canadian and US fair trade consumers significantly decreased their consumption of fair trade as a result of the recession, whereas the UK consumers did not. In addition to the research results, theoretical and managerial implications will be discussed along with future research directions.     

Information Use and New Product Outcomes: The Contingent Role of Strategy Type

Information is an important resource for firms to develop new products successfully, and firms must rely on their ability to use information effectively. This research builds on information processing and contingency theories to explore the effect of firm strategy type and the conceptual and instrumental use of information on new product outcomes. Firms operating in high-tech industries are faced with high levels of uncertainty caused by rapidly evolving technologies. Consequently, creating innovative and successful products becomes particularly challenging. Past research examining organizational use of information points to the presence of strategic contingencies that may impact the new product outcomes that accrue to a firm. A cross-sectional study was conducted to examine how the impact of information use on new product outcomes varies by strategy type. Using data from 150 software development firms based in a developing economy, the theoretical hypotheses proposed are tested. After controlling for environmental turbulence, the research results demonstrate that firms focusing on specific types of information use innovate successfully only when that information use is congruent with an appropriate strategic orientation. Specifically, the present study finds that prospector firms focusing on conceptual information use enhance both their new product performance and new product creativity outcomes, whereas analyzer firms enhance only their new product performance outcomes. A focus on instrumental information use has different effects for firms. Defender firms enhance both their new product performance and creativity outcomes only when focusing on instrumental information use. In contrast, prospector firms detract from their new product creativity outcomes, and analyzer firms reduce their new product performance outcomes when focusing on instrumental information use.