Gender, emotion and power in work relationships

We offer a theoretical account of how gender and emotion combine to influence the development of power in work relationships. We document the profound impact gender has on the display, perception and evaluation of emotion in the workplace. We illustrate the reciprocal relationship between emotion and power, and identify cycles of powerlessness that prevent women from developing and leveraging power in their work relationships. By exploring the nexus of gender, emotion and power in work relationships, we offer new insights into how the gendering of emotion creates and perpetuates gender differences in power in organizations. Implications for research and practice are offered.     

Pricing assets with higher moments: Evidence from the Australian and us stock markets

This paper investigates the importance of higher moments of return distributions in capturing the variation of average stock returns for companies listed in the leading S&P US and Australian indices. We find that Australian stocks are more negatively skewed but less leptokurtic than US stocks. As a result, we find that co-skewness plays a more important role in explaining Australian returns while co-kurtosis is consistently influential for US stock returns. We postulate that the differences in results are related to the underlying firm characteristics of the companies in the two indices, where principally the Australian firms are noticeably smaller than their US counterparts and concentrated in a smaller number industry sectors. This implies that for many smaller exchanges around the world higher moment characteristics displayed by the US market may not be applicable. We also show our results are robust to partly explaining average stock returns in the presence of size, value, and momentum effects.     

What We Should Know About House Reconstruction Costs?

The Journal of Real Estate Finance and Economics - This paper presents two important analyses, which have been derived from a rich dataset supplied by an important Property & Casualty...     

Cultural distance and cross-border bank linkages

This study investigates the effect of cultural distance on global bank linkages using country-pair data for the period 1990–2013. We followed Schwartz (2006) to measure cultural distance, and employed the number of bank pairs involved in cross-border syndicated lending from the source to target countries as a measure of bank linkages. We found that cultural distance has a negative association with bank linkages. This effect is stronger in countries featuring higher informational asymmetries, as represented by weaker institutions, higher uncertainty, or revolution shocks. Our results hold even when employing alternative measures of bank linkages and cultural distance, and when considering the potential endogeneity of cultural distance.     

This We Remember: Consuming Representation via the Web Posting of War Photographs

Consumers are increasingly searching for beautiful memories. Memory is not solely the work of the mind retrieving a “true” past. People represent their unique past to (re)construct their identity and seek social links with others who share the remembered events. Through visual analysis of the web posting of war photographs by Vietnam veterans, this paper explores how people consume representations in remembering, reconstructing identities and building a mnemonic community. The analysis suggests that individual remembering is nested within collective remembering. A conceptual framework viewing remembering as mediated action helps to explain how consumers use representations in remembering. This process is carried out not only by individuals but also by cultural institutions. American Vietnam veterans use consumer products including private photographs, movies, books, travel trips and the Internet as tools to assist in the on‐going process of remembering. They add their own voice into the social representation system to create representations that further express who they are and to connect with their community. The constructed memory shapes consumers' present. This in turn modifies their representation of their pasts which become involved in changing the larger social representation system.     

Sustainable Ecotourism in Amazonia: Evaluation of Six Sites in Southeastern Peru

It is widely assumed that ecotourism offers sustainable development opportunities in under‐developed countries, but little is known about the variables contributing to differential sustainability of multiple ecotourism ventures within a geographic region. This investigation compared differences among rainforest ecotourism sites in Tambopata, Amazonian Peru. These rainforest lodges act as stewards of the surrounding habitat. Different histories and philosophies regarding tourism resulted in varied levels of economic, social and ecological sustainability. This study quantitatively examines the differential sustainability of multiple ecotourism sites in a small geographic region. Tourism in Tambopata has a potential for sustainability of local communities and natural resources. Copyright © 2011 John Wiley & Sons, Ltd.     

Have the returns to education really increased in Vietnam? Wage versus employment effect

Many studies have analyzed changes in the returns to education in globalizing economies using the Mincerian framework. These studies have typically estimated the returns to education in terms of changes in wages rather than employment, effectively ignoring the fact that during globalization not only wages but also employment patterns are affected. In this paper we use four large-scale representative household surveys from the transition economy Vietnam for the period 1998–2006 to estimate the returns to education taking into account both changes in wages and employment. The results show that the estimated increases in returns to education are lower once changes in employment patterns are taken into account.     

On the robustness of higher-moment factors in explaining average expected returns: Evidence from Australia

This study tests the importance of systematic skewness and systematic kurtosis of Australian stock returns in the spirit of the higher-moment asset pricing model. We apply the Dagenais and Dagenais (1997) higher-moment estimators to correct for the errors-in-variables (EIVs) problems commonly found in the Fama and MacBeth (1973) two-pass regression methodology. After correcting for the EIVs problems, the two higher-moment factors, especially systematic skewness, are important in pricing Australian stocks. Systematic kurtosis appears to replace beta which plays a diminished role in the heavy-tailed return distribution.     

Does rising import competition harm local firm productivity in less advanced economies? Evidence from the Vietnam's manufacturing sector

This paper examines whether rising import penetration has an effect on the productivity of domestic firms. The study uses data on a 10-year unbalanced panel of firms in the manufacturing sector in Vietnam from 2000 to 2009. Panel and instrumental variable methods are used to control firm heterogeneity and endogeneity of import penetration. We find statistically significant and negative effects of import competition on local firms’ productivity, but the effect in terms of magnitude is economically small. Further investigation shows no clear evidence of variations in the effects by firm size and technological level. However, we find that rising import penetration is associated with the likelihood of firm death.     

The Effects of Ecotourism in Developing Nations: An Analysis of Case Studies

One class of tourism that attempts to minimise the negative effects of traditional tourism is ecotourism. Much of the current ecotourism planning is only guesswork because few studies on the various impacts of ecotourism have been undertaken. This review collected data from ecotourism articles and scored each on seven separate ecotourism effect criteria to be used for analysis. Of the factors analysed, geographic location had a significant effect on tourism impacts while date and ownership of the conservation area did not. Ecotourism projects would benefit by using these criteria to quantitatively measure the state of their area. The results of this review illustrate that while ecotourism planning is in its infancy, ecotourism projects have the potential to be tools for sustainable development.