From pond to plate: Towards a twin-driven commodity chain in Bangladesh shrimp aquaculture

Globalization of the agro-food system has led developing nations to orient their production to meet global markets. Consequently, local agricultural systems are increasingly linked to global commodity networks, and generate complex intersections and sometimes tensions. Cultured shrimp in Bangladesh is such a global commodity that connects the local producers with the global consumers starting from pond to plate via a network of diverse actors in a complex manner. Field research in Bangladesh shows that shrimp aquaculture in Bangladesh is moving towards a twin-driven commodity chain in which lead firms govern supply network, while the Shrimp Seal of Quality Organization (SSOQ), a recently emerged third-party certifier, as well as other environmental NGOs define regulatory aspects of the industry. While governance in twin-driven commodity chain offers opportunities for a sustainable aquaculture, it also poses many questions which have significant policy implications for different stakeholders involved in the chain.     

Broadacre farm productivity and profitability in south‐western Australia

This paper examines broadacre farm performance in south‐western Australia. This region has experienced pronounced climate variability and volatile commodity prices since the late 1990s. Relationships between productivity and profitability are explored using panel data from 47 farms in the study region. The data are analysed using nonparametric methods. By applying the Fare‐Primont index method, components of farm productivity and profitability are measured over the period 1998–2008. Growth in productivity is found to be the main contributor of profitability. Gains in efficiency and technical change are identified as jointly and similarly important in their contribution to total factor productivity for the farm sample in the region from 1998 to 2008. However, across environments, efficiency gains play an increasingly important role in influencing productivity as growing season rainfall increases. We conclude that R,D&E that delivers further improvement in technical efficiency and technical change is needed to support the profitability of farms across the study region.     

The Time Cost of Documents to Trade

The article shows that the number of documents required to export and import tend to increase the time cost of shipments. However, the increase in the time cost of increased documentation is much larger for countries that are relatively poor and large in size. One interpretation here is that the relatively rich countries that have more resources and the relatively small countries that rely more on trade invest more in building efficient documentation systems. Our findings suggest caution in interpreting how input-based measures, such as the number of required documents to trade, affect outcome measures.     

Japanese Banks—A Risk Factor for the Japanese Economy

Original Papers

Japanese Banks—A Risk Factor for the Japanese Economy     

Modelling the dependence between the times to international adoption of two related technologies

The structure of the dependence between the times to adoption by a country of two related innovations, the fax and the cellular telephone, is modelled in two stages. The first stage is the choice of density function for the time to adoption. The second stage is describing the dependence relation. For the first stage, a Weibull density function is used with its scale factor adapted to account for the economic and technological environments in different countries. Environmental data are collected from several sources. Copulas are used to model the dependence relation, three single parameter copulas are considered, those due to Farlie-Gumbel-Morgenstern (FGM), Frank and Plackett. Their properties are described and a combined estimation of the copula and density function parameters carried out. The limitations of the FGM copula rule it out from further consideration. The other copulas coupled with the Weibull, using eight environmental variables, are shown to provide valuable insights into the effects of environmental variables on adoption times. Given that a country has adopted one technology, the model of the dependence relation is used to provide the conditional density of the time to adoption of the other technology.     

Advances in the competitiveness of pan‐European rail freight services: findings from a case study

The European rail freight market is ostensibly a free market where, from 1 January 2007, both incumbent and new‐entrant operators are able to compete on every line and in every European Union country. The main objective of this research paper is to assess the advances in the competitiveness of the pan‐European rail freight services operated by a new‐entrant (private) operator. Its main focus is to assess and contribute to the understanding of the advances towards competitiveness and the future prospects in the open European rail freight market, including dealing with challenges (e.g. dormant and departure of partners, suspension of the project, indistinct roles and responsibilities of operating partners) at different phases of the research, development and service offerings, that will be an important contribution to the Research and Development (R&D) policy and management arena in the Europe rail freight transport sector. The current research applies a case study research approach. The assessment of the rail freight service is performed by conducting two phases: first, a comparison of the progress between first and second year of the REorganisation of Transport networks by advanced RAil freight Concepts (RETRACK) rail freight service, operated by a new entrant and conducted on the corridor between two hubs – Cologne, Germany, and Györ, Hungary, and secondly a comparison of the opinions of customers on the RETRACK service and its competitors. From the comparative study between the first and second years, the study finds that the new‐entrant operator was able to offer an increased number of services by consolidating cargo from satellite connections at both ends of the operational corridor by adopting a pragmatic and flexible approach. The customer satisfaction survey suggests that the new‐entrant operator offered better service in terms of price, transit time, reliability and information flow/management compared to its competitors' services (offered by incumbent rail operators) on the corridor. However, their service was inferior to that of its competitors, in terms of frequency and availability of service. These less‐well performed service factors have improved gradually over time. The study suggests that intra‐rail competition has improved, but that inter‐modal completion is yet to be achieved. The ups and downs of the project provide important lessons for R&D management, academia and policy makers. The study suggests that a pan‐European rail freight service can be efficiently and effectively run by new‐entrant operators, and this will lead to more intra‐modal competition. However, they have yet to achieve competitiveness that will result in a shift of cargo from road to rail by offering an improved service that at least matches the major attributes of road freight service, e.g. price, transit time, door‐to‐door service and working in a collaborative way with other actors.     

Financial market development and the importance of internal cash: Evidence from international data

We examine the impact of financial market development on the extent to which firms have to rely on internal capital for making investments. Using international data from 31 countries for the 1987–1997 period, we find evidence of a negative relationship between financial market development and the importance of internal capital. The evidence is consistent across different estimation procedures, alternative measures of financial constraints and cash flow, and the use of bootstrapped standard errors. Finally, we find that the distortionary effect of negative cash flow observations reported earlier for US data extends to international data as well.     

Editorial Essay: Mapping the Ethical in Neuroscientific Research

The unmanaged organization (Gabriel in Organ Stud 16:477–501, 1995) is moving from coffee corners to social networks. This means not only a change of media, but also a transformation in how organizations exert control over workers and how workers resist the commodification of emotions (Fineman, in: Fineman, Emotion in organizations, Sage, London, 2000; Lindebaum in J Manag Inq 21:262–277, 2012). After analyzing instances of the online publication of images and texts that escape organizational control, we identified three main ambiguities helpful in framing future studies about organizational control and resistance: ambiguity between private and public spheres, ambiguity between spontaneous and performed manifestations, and ambiguity between the distribution and control of power. Our main contribution is to understanding the Internet, particularly social networks, as a medium for employee resistance through distance (Collinson, in: Jermier et al., Resistance and power in organizations, Routledge, London, 1994), and in using the three aforementioned ambiguities to help analyze this phenomenon.     

Wealth inequality,democracy and economic freedom

Using a novel panel data set from the Credit Suisse on the top wealth shares for 46 sample countries spanning 2000–2014, this paper empirically investigates to what extent wealth inequality influences economic freedom and whether this relationship is affected by the level of democracy. Economic freedom is measured by the Fraser Institute's economic freedom summary index as well as its five major sub-indices, such as government size, property rights, access to sound money, freedom to trade, and regulations. Wealth inequality is measured by the top wealth shares. Trade union density is used as an instrument for wealth inequality. Empirical results suggest that the rising wealth inequality significantly hampers overall economic freedom, property rights protection, freedom to trade, soundness of money and regulatory environment. Furthermore, this negative effect of wealth inequality is reinforced at a lower level of democracy. These findings are robust to alternative measures of wealth inequality, economic freedom, treatment for endogeneity, and model specification.