Entrepreneurial Alertness and Discovery

The purpose of this paper is to elaborate Kirzner's concepts of entrepreneurial alertness and discovery in the subjectivist perspective. Specifically, it argues that the entrepreneurial discovery process is associated with the actor's interpretation framework, or the stock of knowledge, which is derived from everyday life experiences. Discovery in this context means that the actor interprets incoming information in a way different from perceptions of the general public. Two kinds of entrepreneurial discovery, namely ordinary and extraordinary, are discussed. In terms of mental constructs, ordinary discovery is a backward interpretation in a sense that the entrepreneur endeavours to exploit profit opportunities by doing some things better. This type of discovery largely promotes change within an existing situation. Extraordinary discovery is a forward interpretation that involves a new dimension of interpreting events. In this case, the entrepreneur explores profit opportunities by doing some things drastically different from the traditional. This type of discovery enhances revolutionary change to the economy. Inertia is explained, in the subjectivist perspective, as a result of actors taking knowledge for granted and being locked inside the old interpretation frameworks. The argument developed is applied to explain (1) why firms vertically integrate and, (2) why the socialist system impedes entrepreneurial alertness and discovery.     

Bicultural identity and economic engagement: An exploratory study of the Indian diaspora in North America

This study examines the role that the bicultural identity of members of an ethnic diaspora (the Indian diaspora in Canada and the United States) can play in affecting the level of economic engagement between their country of residence (COR) and country of origin (COO). Specifically, it examines how differences in bicultural identity can explain the varying levels of engagement by diasporic members in different trade and investment facilitation behaviors, and how the different components of bicultural identity, cultural distance, and cultural conflict, could affect the level of economic engagement between the diasporic members’ COR and COO. Results indicate that cultural distance and cultural conflict and their interaction do have a significant impact on economic engagement behaviors; these effects are complex and multifaceted and are mediated by the diaspora’s social networks in both the COR and COO.     

Energy and Non-Energy Input Substitution Possibilities and Output Scale Effects in Canadian Agriculture

A generalized Leontief cost function was used to investigate energy and non-energy input substitution possibilities and output scale effects on factor demand in Canadian agriculture. Results suggest that (1) substitution possibilities exist between energy and non-energy inputs, and energy and energy-based inputs appear to be complements; (2) labor is the best substitute for energy inputs, followed by land and other intermediate inputs; and (3) the output scale has significant effect in reducing production costs and decreasing the responsiveness of input to price changes. These findings indicate that an effective energy conservation measure would be the encouragement of production practices oriented to use more labor and land intensive techniques rather than using more agricultural chemicals for reducing cultivation practices. On a utilisé une fonction de coút Léontief généralisée pour examiner d'une part les possibilitiés de substituer entrées énergétiques el non énergétiques et d'autre part les effets d'échelle de sortie sur la demande factorielle dans l'agriculture canadienne. Les résultats suggérent que: (1) il est possible de substituer entrées énergétiques et non énergétiques; les entrées énergétiques et celles basées sur l'énergie semblent complémentaires, (2) la main-d'oeuvre est le meilleur substitut aux entrées énergétiques; viennent ensuite la terre et autres entrees intermédiares, et (3) l'échelle de sortie joue un rǒle déterminant dans la réduction des coúts de production et dans une sensibilité plus petite des entrées aux changements de prix. Ces découvertes indiquent qu'une mesure efficace pour conserver l'énergie serait, plutǒl que d'utiliser davantage de produits chimiques agricoles, d'encourager les pratiques de production basée sur la main-d'oeuvre et l'utilisation intensive de la terre.     

Ethno-cultural diversity and organizational effectiveness: a field study

This paper examines the relationship between ethno-cultural diversity and attitudinal and non-attitudinal measures of organizational performance in a field setting. Data were collected from ninety-eight respondents in seven branches of a leading Canadian bank. As compared to culturally homogeneous branches, the culturally heterogeneous branches experienced lower levels of absenteeism and achieved higher productivity and financial profitability despite their lower scores on job satisfaction, organizational commitment and workplace coherence, and higher rates of turnover. These relationships were moderated by age, job tenure, organizational position, children's age, location of education and previous employment, birthplace and education level.     

Brain drain versus brain gain: an exploratory study of ex-host country nationals in Central and East Europe

To fuel further growth and development, many countries in Central and East Europe that have made the transition from socialist to market economies are anxious to reverse the brain drain by attracting their nationals who have studied and/or worked abroad to return. This study seeks to examine the experiences and challenges encountered by nationals upon their return home, after having lived abroad for an extensive period of time. These people are referred to as ‘ex-host country nationals’ (EHCNs). The findings of this exploratory study of 86 EHCNs, all recipients of prestigious scholarships to study abroad, have important implications, both theoretical and practical, for international human resource management, including governmental attempts to curb or reverse brain drain from their respective countries.     

Taiwan's Entrepreneurs and International Coordination: Evolution of Global Production Network in Electronics and IT Industries

Abstract

This study applies the concept of coordinating entrepreneurship to explain the emergence of global production network. More specifically, this study explains and illustrates how Taiwan-born technopreneurs move between Silicon Valley and Taiwan's Hsinchu, thereby promoting Taiwan's computer and information technology (IT) industries. With their entrepreneurial spirit and social network, Taiwan-born technopreneurs even turn Dongguan, a farming village in south China, into a modern IT industrial city. This paper concludes that as a result of the coordinating efforts of these entrepreneurs, electronics and computer plants scattered around the globe are integrated into a global production network, as illustrated by IT firms in Silicon Valley, Hsinchu and Dongguan.     

The firm information environment and capital structure: international evidence

This article investigates the effect of the firm information environment, characterized by the analyst characteristics, on firms’ capital structure choices and whether this effect varies according to country-level institutional environments. Using a comprehensive international data set that covers 19 939 firms across 41 countries between 2000 and 2010, we document two key findings. First, firms with lower analyst coverage, higher forecast dispersion and higher forecast errors have higher leverage. Second, the effect of the firm information environment on corporate leverage is attenuated in countries with stronger governance mechanism and better information transparency. This result suggests that a firm’s information environment is an important factor influencing its capital structure decision and that country-level institutional environments matter to this effect.     

Forecasting demands for inpatient services in a large public health care delivery system

This paper studies the use of autoregressive integrated moving average (ARIMA) time-series models for forecasting demands for inpatient services in a large public health care delivery system. Here, demands are measured in terms of monthly admissions and patient days by services and forecasts are made yearly. This paper emphasizes the implementation aspect of ARIMA models when they are used on a large scale basis in an institutional setting, and compares forecasts with actuals. For forecasting patient days, the adequacy of an indirect approach using the formula L = λW is also evaluated. Finally, we briefly describe how the forecasts are used in the context of resource allocation.