Importance of tourism for the economy of Bermuda

The aim of this paper is to compare the results of three separate input-output studies carried out to measure and monitor the contribution of international tourism to the economy of Bermuda in comparison with the impacts made by other export sectors. The studies are part of the ongoing program of the government of Bermuda. Since the early 90s, the leading generator of foreign currency and income has been international business and finance. The level of employment in the economy, however, depends principally upon tourism, and the Bermudian government and private sector are taking positive measures to address the downward trend.     

Vacation decisions,activities, and satisfactions

Vacations are a major consumer expense category. People devote considerable attention to deciding whether to take one or not (generic decision), to making joint decisions as husband, wife, and children, and to acquiring information from different sources and media. Information functions to sensitize, persuade, heighten appreciation, and legitimize choices. Several vacation types can be distinguished. Life-style, as a broader concept, may server as a good basis of explanation for vacation behavior. Equity and attribution are important concepts in understanding vacationer (dis)satisfaction and complaint behavior.     

Liberal Jansenists and interest-bearing loans in eighteenth-century France: a reappraisal

Abstract

This article is an attempt to prove that although the liberal Jansenists – Jansenism being the most powerful Christian protest movement of the seventeenth and eighteenth centuries – were not the first and the only ones to address the prohibition of interest-bearing loans, their writings on the issue shifted and fuelled the debate during the French Enlightenment, especially among the Encyclopédistes and the economists. By refuting the very logic of “extrinsic titles” of the Scholastics and their extension later on by the Jesuits, the liberals Jansenists redefined “interest” as the price to be paid for the use of money.     

Stock price informativeness and analyst coverage

We examine whether more analyst coverage translates into more informative stock prices and apply this to both developed and emerging markets. We measure price informativeness using the association between current stock returns and future earnings. We argue that more informative stock prices contain more information about future earnings. Results indicate that analysts' activities do not contribute to the impounding of future earnings information into current stock prices, in accordance with the view that analysts are outsiders who do not have full access to firm‐level information. We also find that analysts specialize according to industry and that “industry expertise” is limited to developed countries. Overall, our evidence is consistent with the explanation that analysts focus on gathering and mapping industry‐ and market‐level information (macroeconomic information) into stock prices. Copyright © 2013 ASAC. Published by John Wiley & Sons, Ltd.     

Investigating Information Systems Research in Canada

This project reports on the state of Information Systems (IS) research in Canada by analyzing research output and impact of Canadian IS scholars appearing in the form of peer‐reviewed journal articles. Specifically, we (a) measured individual productivity and impact, (b) measured institutional productivity and impact, (c) listed journals in which these works have appeared, (d) identified the most influential articles, (e) developed a ranking of IS scholarly journals from a Canadian perspective, and (f) compared the obtained journal ranking with the global IS journal rankings. Based on the findings, it was concluded that the Canadian IS discipline exhibits signs of academic maturity. Copyright © 2011 ASAC. Published by John Wiley & Sons, Ltd.     

Employee Identities in Corporate Codes of Ethics: The Equal,Responsible, Subordinating,and Self‐Monitoring Employee

The article invites the reader to engage in a critical perspective. It emphasizes the role of language in formal corporate documents and the discursive practices of language use. It presents the results of a study that analyzes the corporate codes of ethics of the German Dax30‐companies. The study conceives codes of ethics as texts deploying discursive practices in order to position the various actors addressed in the documents. Four distinct identities have been elaborated: the equal, the responsible, the subordinating, and the self‐monitoring employee. This study demonstrates that codes of ethics propose various subject positions of the employee and through this positioning aim to regulate the identification processes. Copyright © 2011 ASAC. Published by John Wiley & Sons, Ltd.     

The effects of price and message-sidedness on confidence in product and advertisement with personal involvement as a mediator variable

Attribution of confidence by consumers when the price of the product is known, has already been investigated in previous studies, as has been attribution of confidence from advertisements' sidedness. This study, based on a 2 × 3 × 2 (sidedness × price levels × type of product) factorial design, focuses in the interactive effects of price and message-sidedness, since consumers are rarely exposed to one single variable of the marketing strategy. A model is developped, which is articulated on the central concept of consumer involvement. It is found that under high involvement, high price enhances confidence in the product (but not in the advertisement), two-sided messages increase confidence in the advertisement (but not in the product). It is also shown that two-sided messages bring about higher-confidence in the product when price is at the medium level.     

The Impacts of Changes in Key Economic Variables on Crop Rotational Choices on Ontario Cash-Cropping Farms

This study is a sequel to one providing a methodological framework for evaluating the economic and soil-erosion effects associated with different crop rotational systems involving corn on southern Ontario cash-cropping farms. A multi-period linear programming (MPLP) model is used to estimate the impact on rational crop rotational choices, fam-level profitability and soil-erosion rates of having different values for the more important economic variables. The variables examined are relative cash-crop prices, fossil fuel energy-related production costs, discount rates, and values attached to soil lost through erosion. The MPLP model is solved in turn for each of a range of values for one of the economic variables at a time, the selection of values being based upon recent historical experience. Where no change in rotational system is prompted within the range, the MPLP model is used to find the value of each economic variable that would be required to trigger the choice of some alternative rotational system. Each of these model runs is performed for the case where yields of all crops over a 20-year time horizon are firstly assumed constant, and secondly assumed to suffer a cumulative decline. Cet article fait suite à une étude méthodologique dont le but a été d'valuer les effets économiques et érosifs de systémes de production produisant essentiellement du maïs en rotation avec d'autres cultures. Cette méthode d'analyse est appliquée à des exploitations agricoles localisées dans le Sud de I'Ontario et specialisées dans les cultures commerciales. Pour ce faire, un modéle linéaire multi-période (MPLP) est utilisé pour estimer I'impact d'un changement dans les principales variables économiques sur le choix des rotations culturales, le niveau de rentabilité des systémes de production et les taux d'érosion des sols. Les variables économiques prises en compte sont les prix relatifs des cultures commerciales, les coûts de production associés à la consommation d'énergie fossile, les taux d'actualisation et les pertes absolues en sol dues à l'érosion. Le modéle linéaire (MPLP) est de nouveaurésolu pour chaque variable économique en les paramétrisant sur un intervalle de valeurs selectionnées à partir de donntes historiques récentes. Lorsqu'il n'y a aucun changement dans la rotation culturale, le modéle détermine le niveau de chaque variable qui entrainerait la prise en considération d'une rotation culturale alternative. Toutes les simulations ont été effectuées sur une période de vingt ans en adoptant deux variantes sur I'tvolution des ren-dements des cultures commerciales: premierèment, les rendements restent constants durant toute la période, et deuxiémement, les rendements décroissent de maniére cumulative.     

Tourism's external account and the balance of payments

This paper argues that the balance of payments on tourism account is not the best measure of economic tourism activity needed for good policy formulation at the government level. The balance on tourism should be replaced with a broader concept, tourism's external account, which includes expenditures and receipts from tourists together with those other international transactions which follow indirectly from tourism. This concept will provide a broader understanding of the tourism industry so that better policy decisions can be made.