The impact of information and communication technology on international trade in fruit and vegetables in APEC

The global food marketing network is being constantly reshaped, providing opportunities and challenges for information and communication technology (ICT) to develop and improve international trade in food products. A gravity model of international trade is employed to see if ICT positively affects bilateral international trade in fruit and vegetables between member Asia‐Pacific Economic Cooperation (APEC) economies. We examine if the use of the Internet, mobile telephones, and fixed telephone lines determine the value of bilateral trade. Empirical results for the importance of ICT differ markedly between importing activities and exporting activities in the international value chain of fruit and vegetables in APEC countries. Changes in ICT levels in the import sector of the value chain have no effect on international trade in fruit and vegetables. However, in the export sector, growth in some ICT products has significant positive effects on trade in fruit and vegetables between APEC countries. Surprisingly, the strongest impact was discerned for the traditional form of ICT, fixed telephone lines, but this impact probably reflects the fact that fixed telephone lines are a proxy variable for the general level of infrastructure development. Of the two digital ICTs, mobile telephony and the Internet, only the Internet had a significant impact on trade levels. The further development of the Internet and its diffusion should make exporters in APEC countries more competitive in the fruit and vegetables value chain, and boost their trade values in these products.     

Fashion involvement and experiential value: Gen Y retail apparel patronage

Despite Generation Y (Gen Y) consumers' significant role as a decision maker in the market, it is increasingly challenging for retailers to understand these consumers’ behavior and psychology. To enhance an in-depth understanding of Gen Y consumers, this study examined the effect of fashion involvement (FI) and perceived experiential value (EV) on Gen Y consumers’ retail apparel patronage behavior. Based on a survey method, data were collected from USA and Taiwan Gen Y samples. The structural equation modelling technique was used to analyze 413 useable surveys. Results indicate EV directly influences retail patronage, while FI indirectly affects retail patronage through EV. Analysis further reveals two dimensions of FI; cognitive involvement and affective involvement. Cognitive involvement has a moderate direct, negative effect on escapism value, and weak, negative effect on utilitarian value, while affective involvement has a moderate direct, positive effect on aesthetic value and weak, positive effect on escapism value. This study theoretically contributes to understanding how consumer involvement affects perceived experiential shopping value. Findings also provide strategic ideas for apparel retailers in creating shopping environments that resonate with Gen Y customers, which ultimately leads these customers to be loyal to their brands and stores.     

Epic Aspects of Retail Encounters: The Iliad of Hollister

Much has been written about myth and the marketplace. Consumer research has added immeasurably to academics’ appreciation of the myths that inhere in fabulous flagship stores and experiential retailing more generally. Studies of consumer mythopoeia, however, have tended to muffle the martial side of retailing, the heroic struggles that some customers undergo in-store. This article argues that the epic offers valuable insights into martial matters, and more. Although epic and myth overlap, they are far from identical. The former is characterized by conventions that can help illuminate consumers’ quests, not least their disturbing journeys through the underworld. These are considered in relation to Hollister (HCo), a phenomenally successful retail chain that’s renowned for its antithetical atmospherics and inky interior design. A qualitative study of Hollister lovers and haters casts light on the epic in action and adds to scholars’ understanding of immersive retailing experiences.     

Forecast accuracy in initial public offerings and the impact of external constraints relative to managerial choice: a research note

We examine the accuracy of earnings forecasts published in prospectuses, under conditions where external influences of state regulation and economic condition act as constraints to mitigate management optimism. Our results indicate that regulation has no significant impact, but economic condition and management optimism are significantly associated with forecast accuracy. We conclude that a study of forecast accuracy over time must take into account external influences and that attempting to use regulation to improve forecast accuracy is not an effective strategy when there are strongly adverse economic conditions and when promoters or managers are optimistic in forecasting.     

Board composition,ownership structure and hostile takeovers: some UK evidence

This paper examines the relationship between internal and external control mechanisms in a sample of hostile takeover targets and a control group of non-target firms in the UK for the period 1989–93. The paper investigates whether there are significant differences in board composition, executive ownership and external shareholder control between the two groups. We find that hostile targets are more likely to have different individuals in the roles of chairman and CEO but employ non-executives with fewer additional directorships than non-targets. Executive share ownership is significantly lower in targets, suggesting that hostile bids are more likely to be pursued when target managers possess insufficient equity either to defeat the bid or make the bid too expensive for bidders. We find some evidence that institutional and unaffiliated blockholders in smaller targets help managers defeat unwanted bids.     

Trade and technological explanations for changes in sectoral labour demand in OECD economies

This paper sets out to establish the main determinants of variations in the demand for aggregate labour in manufacturing and service sectors (22) for a cross-section of OECD countries (14). A relatively new panel data set is employed in the analysis, the OECD's International Sectoral Data Base. Preliminary analysis revealed that the ‘within’ sector variation in the wage share dominated overall variation for most countries and time periods. A separate dynamic model was thus generated to explain the ‘within’ sector variation in the wage share. This model contained real wages, output, the capital stock, technological change (total factor productivity) and trade (the imports to value-added ratio) as independent variables. In addition the wage level was also interacted with these explanatory variables on the presumption that skill is positively correlated with the level of wages. Because of the potential for simultaneity bias, estimation was conducted by IV and OLS. The main findings were that the capital stock and technological change were the main determinants of shifts in labour demand. While some countries reported the trade variable as significant its influence was only of slight importance in most cases. The interaction terms proved to be significant in a large number of countries. Some evidence was found that capital and technological were complementary with skill. Overall it was found that broad agreement existed across countries in the factors which influence labour demand despite considerable differences in the cross-country nature of labour market institutions.     

The success and future of gender-specific fundraising propositions

Men and women use language very differently in conversation. They also use different types of information, presented in different ways, to make decisions. And yet in a targeted appeal for support, which is essentially a proposition providing information and seeking a positive decision, no account is taken by charities of the gender of the recipient. This paper argues that all appeals will, in the matter of a few years, be written in gender-specific style, and cites focus-group research and a recent direct mail test (producing an 85 per cent uplift in response), as well as extensive literature on the use of language by the sexes, to support this argument.