Determinants of muslim consumers’ Halal meat consumption: applying and extending the theory of planned behavior

The purpose of this study is to investigate the determinants of Halal meat consumption within Turkish Muslim immigrants in Germany using the theory of planned behavior (TPB) as a conceptual framework. The role of self-identity as a Muslim, dietary acculturation in the host culture, moral obligation to purchase Halal meat, and trust on the authenticity of Halal meat is explored. A quantitative research methodology using an online questionnaire survey was used. Cross-sectional data were collected through a survey of 464 Muslims originating from Turkey and currently living in Germany. A positive personal attitude toward the consumption of Halal meat, motivation to comply others, the perceived control over consuming Halal meat, and the availability of Halal meat predict the intention to eat Halal meat among Muslims. This study is one of the few studies investigating the determinants of Halal meat consumption in a Muslim population in Germany using the TPB within a food, religion, and migration context.     

DISCRETE TIME HEDGING OF THE AMERICAN OPTION

In a complete financial market we consider the discrete time hedging of the American option with a convex payoff. It is well known that for the perfect hedging the writer of the option must trade continuously in time, which is impossible in practice. In reality, the writer hedges only at some discrete time instants. The perfect hedging requires the knowledge of the partial derivative of the value function of the American option in the underlying asset, the explicit form of which is unknown in most cases of practical importance. Several approximation methods have been developed for the calculation of the value function of the American option. We claim in this paper that having at hand any uniform approximation of the American option value function at equidistant discrete rebalancing times it is possible to construct a discrete time hedging portfolio, the value process of which uniformly approximates the value process of the continuous time perfect delta‐hedging portfolio. We are able to estimate the corresponding discrete time hedging error that leads to a complete justification of our hedging method for nonincreasing convex payoff functions including the important case of the American put. This method is essentially based on a new type square integral estimate for the derivative of an arbitrary convex function recently found by Shashiashvili.     

The impact of civil war on foreign direct investment flows to developing countries

We investigate the impact of civil war on foreign direct investment (FDI) flows to developing countries. We employ a new data-set that disaggregates FDI inflows to primary, secondary and tertiary sectors. Second, we control for a richer set of economic and institutional variables that could determine FDI inflows including population, gross domestic product (GDP) per capita, the degree of trade openness, exchange rate variability, inflation, the governance structure of the host country using International Country Risk Guide data and its regime type using the POLITY autocracy–democracy data. We also address the reverse causality between FDI and conflict and the potential endogeneity of explanatory variables by employing dynamic system generalised method of moments (GMM) techniques in estimation. Our results indicate that primary sector FDI flows to developing countries are not significantly affected by civil war, whereas secondary and tertiary sectors FDI are more sensitive to such outbreak, potentially leading to reversals of existing FDI. Among institutional variables, government stability and control of corruption are more significant compared to regime type, law and order, and bureaucratic quality.     

Identifying Customer Loyalty Supporting Factors in the Retail Banking Context: An Empirical Examination

This article aims to identify factors which support customer loyalty, either through dedication or by imposing constraints, and subsequently empirically analyzes the relationship between identified factors and the attitudinal and behavioral component of loyalty in the context of retail banking. Data collected from a sample of 293 retail banking customers have been analyzed through structural equation modeling. The study results suggested two constraint promoting factors and one dedication promoting factor which supported loyalty. The study contributes to knowledge by empirically testing the qualitative model and coming out with empirically proven dedication-promoting and constraint-promoting loyalty supporting factors.     

Measuring country image in terrorism reports: evidence from Pakistan

Since 2001, global terrorism has become one of the principal international challenges of the world. According to United Nations; on average, there were 981 terrorist attacks, triggering 2361 deaths, and wounding 2943 people per month, internationally in 2015. Pakistan stranded the third most terrorist attack country in 2015 with 1009 terrorist attacks and 1081 deaths (https://www.state.gov/j/ct/rls/crt/2015/257526.htm). Terrorist attacks damage the countries tangible and intangible assets. After a terrorist attack every country tries to manage its country image through terrorism reports/news. Though, there is no logical evaluation model to measure whether the country image is effectively made through terrorism reports or not. This study undergoes with the expert respondent interviews to define the levels of elements which affect the country image in terrorism reports. By taking Pakistan as a case study and founded on Analytic Hierarchy Process techniques the country image mathematical and conceptual model for terrorism reports has been developed along with evaluation impact indexes. Thus, this study provides a significant and quantitative way to measure the country image in terrorism reports, and it will also help the future researchers to remove the biases while measuring significant country image quantitatively; which they face in qualitative research.     

The design of a consumption tax under capital risk

This paper focuses on the design of a consumption tax in a world of capital risk. The certainty literature discusses two standard options, namely the cash flow method and the pre-payment method (i.e., the wage tax), and finds the two approaches to be equivalent. Models that consider capital risk (via asset choice) reach different conclusions. This discrepancy arises in part due to a different choice of the social discount rate. In light of the failure of the discount-rate argument to resolve the issue at hand, we explore the market certainty equivalence of risky government revenue. We let revenue risks stay in the private sector, and examine the market value of the feasible transfer (e.g., in the form of a public good) back to households. We reach three broad conclusions. First, we find that if the state returns to each household its own tax-revenue risks, equivalence will be re-established as in certainty models. Next, we show that if the state engages in intergenerational risk sharing (e.g., through a system of stochastic tax transfers), the wage tax cannot be construed to be a valid pre-payment alternative to the cash flow or a modified wage-tax-ation system. Efficient risk allocation across generations under a cash flow tax (or, one that includes future capital gains as well as wages in the tax base) leads to a Pareto improvement over the simple wage tax. Finally, a major policy implication follows; in order to be practicable, a consumption tax would have to be implemented via registered savings accounts much in the fashion of the Canadian registered retirement savings plans program rather than through the pre-payment route.     

Evaluating training effectiveness in India: Exploring the relationship between training components,metacognition and learning outcomes

This study aims to examine the key training factors that significantly impact the learning outcomes of trainees. A comprehensive framework is proposed to investigate the interrelationships among various training components, trainer performance, training usefulness, and their effects on metacognition and learning. Empirical testing of the model is conducted using the partial least squares structural equation modelling approach, analyzing data collected from 322 public servants in North India. The findings reveal that almost all the focal factors comprising a training programme, such as the usefulness of training, trainer performance and metacognition, positively influence trainees' learning. While training agencies should consider all components of the training programme, the perceived usefulness, trainer performance and trainees' metacognition are particularly influential factors in facilitating learning. Training components and trainer performance predict the usefulness of training. This study integrates all focal factors of a training programme into a comprehensive framework using employee data, explaining a significant portion (45%–64%) of the variance in trainees' learning. These findings emphasize the importance of addressing these focal factors thoughtfully when designing and implementing effective training programmes.     

Veiled diversity? Workplace experiences of Muslim women in Australia

This study sheds light on the mobilisation of Islamic discourses in the lives of working Muslim migrant women and its interaction with Australian society in the context of diversity management as a workplace practice. Informed by a multilevel perspective on diversity management, this paper suggests that focusing exclusively on organisations and holding them solely accountable for diversity policies may be intensely inadequate as diversity management is impacted by both macro-societal and micro-individual issues. Through qualitative research by drawing on interviews with Muslim migrant women employed in the formal economic sector, the findings underscore the need for sophistication in dealing with the complexities presented by migration, ethnicity, religion and gender.