Enlarging the EMU to the east: what effects on trade?

The purpose of this article is to assess the implications of the Economic and Monetary Union (EMU) accession of eight Central and Eastern European Countries (CEECs) on their share of EMU-12 imports. Overcoming biases related to endogeneity, omitted variables and sample selection, our results indicate that the common currency has boosted intra-EMU imports by 7%. Under the assumption that the same relationship between the explanatory variables and imports will hold for EMU-CEEC trade, we intend to predict the future impact of the Euro. Our findings suggest that except for the least integrated countries, Poland, Latvia and Lithuania, all CEECs can expect increases in the EMU-12 import share.

Policy-driven ecosystems for new vaccine development

This paper examines the relationship between biomedical policies and entrepreneurial R&D strategies. Public health programs have been unable to provide effective and affordable treatment of infectious diseases for the poor. While governments have become more open to private sector contributions to policy objectives, it is rare to find new ventures commercializing healthcare innovations for neglected diseases. Two case studies of entrepreneurial ventures, in the UK and China, provide evidence on how resource-constrained firms mobilize participants in policy-specific ecosystems to achieve their goals of new vaccine development for tuberculosis. Ecosystem analysis reveals how the innovators’ business models can align their strategies with national policy objectives.     

Life course pathways to business start-up

We explore how socially embedded life courses of individuals within Britain affect the resources they have available and their capacity to apply those resources to start-up. We propose that there will be common pathways to entrepreneurship from privileged resource ownership and test our propositions by modelling a specific life course framework, based on class and gender. We operationalize our model employing 18 waves of the British Household Panel Survey and event history random effect logistic regression modelling. Our hypotheses receive broad support. Business start-up in Britain is primarily made from privileged class backgrounds that enable resource acquisition and are a means of reproducing or defending prosperity. The poor avoid entrepreneurship except when low household income threatens further downward mobility and entrepreneurship is a more attractive option. We find that gendered childcare responsibilities disrupt class-based pathways to entrepreneurship. We interpret the implications of this study for understanding entrepreneurship and society and suggest research directions.     

The co-evolution of business incubation and national innovation systems in Taiwan

Incubation has already proven to be of great value in promoting small and medium enterprise (SME) entrepreneurship activities and technological development in developed and developing countries. Incubation not only provides a diversified and integrated service for entrepreneurial ventures but also contributes upward to regional and national innovation and economic growth. Building upon the logic of co-evolution theory, this paper argues that incubation acts at the meso-level as a critical interface between macro-innovation systems and micro-business ventures. These multi-directional coupling elements in innovation ecology co-evolve to achieve collective interests and excellence, which in turn may stimulate technological development and social change. Important processes/mechanisms, including a policy kit and action, strategic networking, supportive associations, knowledge and intellectual capital management, among others, are discussed. Drawing on the national innovation system (NIS) and business incubation (BI) experience in Taiwan, we discuss the future prospects of incubation and innovation policies, including industrializing and globalizing incubation activities and virtual business incubation.     

Measurement Errors and Information Content of Segment Reporting

This paper assesses the measurement errors inherent in segment reporting. Measurement errors are gauged by comparing the correlation of segment results with their industry to the corresponding correlation for single line-of-business firms operating in the same industry. The findings show that the measurement errors in segment information, particularly earnings, are larger than those in the financial information reported by single line-of-business firms. The cross-sectional variation in the measurement errors can be traced to cost/revenue allocations, management intervention in segment reporting, and the operational structure of multi-segment firms. Market tests indicate that the information content of segment information is inversely related to the estimated measurement errors. This revised version was published online in November 2006 with corrections to the Cover Date.     

Determining analogies based on the integration of multiple information sources

Forecasting approaches that exploit analogies require the grouping of analogous time series as the first modeling step; however, there has been limited research regarding the suitability of different segmentation approaches. We argue that an appropriate analytical segmentation stage should integrate and trade off different available information sources. In particular, it should consider the actual time series patterns, in addition to the variables that characterize the drivers behind the patterns observed. The simultaneous consideration of both information sources, without prior assumptions regarding the relative importance of each, leads to a multicriteria formulation of the segmentation stage. Here, we demonstrate the impact of such an adjustment to segmentation on the final forecasting accuracy of the cross-sectional multi-state Kalman filter. In particular, we study the relative merits of single and multicriteria segmentation stages for a simulated data set with a range of noise levels. We find that a multicriteria approach consistently achieves a more reliable recovery of the original clusters, and this feeds forward to an improved forecasting accuracy across short forecasting horizons. We then use a US data set on income tax liabilities to verify that this result generalizes to a real-world setting.     

Creativity in the business of circus

ABSTRACT

This semi-ethnographic research is an exploration of the creative process from the unique perspective of the circus business. It examines from an interpretivist perspective how circus companies collaborate in the generation and manifestation of ideas, balancing the demands of maintaining a strict physical training regime with devising the circus aesthetic for an expectant audience. The focus of the research is a retired aerial trapeze artist and company director supported by contributions from semi-structured interviews with nine contemporary circus directors and an arts policy officer. Issues were identified from attending three circus network events providing an opportunity to conduct an online questionnaire resulting in thirty-nine responses. Following thematic analysis across all data, key themes emerge identifying networked creativity, productive creativity and intrinsic creativity which correlates to conceptual models of creativity and innovation in organisations. Preliminary findings suggest that networks, skills and intrinsic motivation are integral to creativity within the circus business environment. Whilst this may not be unique to circus, the depth to which it is experienced and its inter-relationality to the form, is readily apparent. This has potential interesting implications for further research within a circus context as well as implications for further exploration of practice in other creative sectors.     

Linking Environmental Management to Environmental Performance: The Interactive Role of Industry Context

In the past, corporate sustainability scholars advocated that, for many firms, environmental management could turn into a valuable capability conferring a competitive advantage. However, little attention has been paid to the role of the industry context and its influence on the relationship between environmental management and organizational performance. In this study, we examine the effect on this relationship of three contextual variables: munificence, dynamism and complexity. Drawing on longitudinal data from 336 firms representing 30 industries, we find that munificence enhances the degree to which a firm can leverage its environmental management capabilities to improve environmental performance. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment     

The dynamics of privilege: How employees of a multinational corporation construct and contest the privileging effects of English proficiency

In this article we analyze how privilege is dynamically constructed as well as contested. A positioning analysis of interviews with employees of a multinational organization reveals the construction of a hierarchy of privilege. As this hierarchy is based on English proficiency along with other diversity dimensions, privilege is multifaceted. Furthermore, privilege is also contested. Contesting English-proficiency–related privilege is connected to the speaker's position in the hierarchy of privilege. The analysis shows that both category membership and specific competences and skills cumulate to produce privileging effects, but also the possibilities for contesting privilege. At the same time, although the privilege gained by English proficiency is not invisible and is regularly contested, it is nevertheless silenced by those in advantage.