Debt problems,home‐leaving,and boomeranging: A register‐based perspective on economic consequences of moving away from parental home

This article analyses the development of financial problems after leaving one's parental home, and considers how financial problems are associated with likelihood of boomeranging (i.e., adult children returning to parental home). The 9‐year follow‐up study focused on a nationally representative sample of Finnish young people between the ages of 15 and 25 who moved out from their parental home between 2006 and 2009 (n = 9,196). The measure of debt problems was based on monthly data on debt enforcement, a legal matter which may bring serious consequences for the debtors. The primary within‐individual, longitudinal analyses showed that debt problems increased directly after leaving parental home. Education and family background were significant predictors of debt problems in the four years after leaving parental home. Early leavers had significantly more debt problems than later leavers. Debt problems were associated with a higher likelihood of moving back to parental home. The results imply that it is important to support economic decision‐making during early adulthood.     

The Transformation of a Neutral Lake Landscape into a Meaningful Experience – Interpreting Tourist Photos

The purpose of this article is to present the mental images of the Finnish lakeland held by potential Italian and German tourists. Image analysis was used in order to find the attributes tourists connect to pictures of lake landscape and to their own mental images of the places shown. The attributes found were classified under categories through which the touristic potential of the lake could be approached. The mental images evoked by the pictures emerging in the present study are individual and cultural at the same time. Although the individual nature of the mental images became prominent in the analysis, there were identifiable similarities in them. From the marketing point of view, each picture proved to have a special function in a given country. The respondents approached the pictures both as outside observers and as participating actors. The transformation of a neutral lake landscape into a meaningful experience depended on the mental images evoked by both the aesthetic content of the picture and its internal elements. The neutral lake landscape was turned into a meaningful place through the experiences and sensations the respondents attached to the pictures.     

Changing reporting models: A summary of the experience in Finland

This study identifies relevant issues regarding behavior and responsiveness of accounting practices and standards to political developments in a single national setting. Research into monitoring of attitudes and practices regarding traditional versus evolving models will likely engage researchers for some time to come in all sovereign jurisdictions particularly in the light of post 2008 global financial events.     

A Local Perspective on Cross‐Border Tourism. Russian Second Home Ownership in Eastern Finland

Russian purchase of second home properties in Finland has been the subject of heated national and local debate in the Finnish media. This study examines the attitudes of permanent and second home residents to Russian second homeowners in Savonlinna, Eastern Finland (N = 494). Three separate attitude groups were identified in relation to the effect of Russian second home owners in property prices; the Russians as an economic opportunity; and, the Russians as a threat. Negative attitudes were common, and it is possible that the relations between the Russian second homeowners and local residents will become more contested over time. Copyright © 2015 John Wiley & Sons, Ltd.     

What Determines Managers' Perceptions of Cash Flow Forecasting Quality? Evidence From a Multinational Corporation

In this article, we develop and test a model of the determinants of managers' perceptions of cash flow forecasting quality in nonfinancial companies. We expect and find that managers' perceptions of the quality of cash flow forecasts are determined by the perceived quality of the input data, the effort invested in forecasting, and the efficiency of the related processes, and ultimately by a company's orientation toward financial goals. Our empirical analysis is based on data from a worldwide questionnaire survey at a multinational industrial company. While we find that managers assess forecasting effort lower and forecasting efficiency higher for direct cash flow forecasting than for indirect method forecasting, our analyses reveal that the variables in our model, the postulated relationships between them, and the estimated effect sizes are equally valid for both forecasting methods.     

Sequencing Regional Trade Integration and Cooperation Agreements

Trade integration agreements and other international cooperation agreements have proliferated in recent years around the world. Rather than being spurred by exogenous forces alone, the two phenomena are likely to be both path‐dependent and endogenous to one another. However, the theoretical and empirical understanding of the relationships between agreements forged in different domains of cooperation remains nascent. The purpose of this paper is to describe a new, extensive dataset on international agreements that can be employed to start mending the gaps in the literature, and to develop ‘best practices’ of sequencing international agreements to obtain higher pay‐offs from cooperation. Of particular interest here is the relationship between trade integration and other cooperation agreements; the data provide preliminary grounds for hypothesising that trade integration agreements can be a particularly likely catalyst for further cooperation between states.     

Front End Transfers of Digital Innovations in a Hybrid Agile-Stage-Gate Setting

Digital innovations often follow a more fluid innovation process and, therefore, require different ways of managing the front end of innovation. Agile as alternative to established front end management practices is often suggested, potentially combined with Stage-Gate, in what is called a hybrid Agile-Stage-Gate model, to reap the benefits from both. Implementing the hybrid model in the front end is however not sufficient for firms with separate Research and Development departments to succeed. In such organizations digital innovations still need to be transferred from Research, where the front end work on digital innovations takes place, to the Development department, where formal development actually starts. Yet, such front end transfers have been described as inefficient and ineffective. Realizing digital innovation front end transfers is likely even more challenging because of their fluid definition. In the absence of extant theory on front end transfers in such a setting, this research uses a case study approach to analyze the front end transfer experiences of the Research department of a firm in the lighting industry that is undergoing a transformation from traditional to digital lighting. The in-depth analysis of triangulated data on eight front end projects shows that Research struggles to transfer digital innovations to Development, because transfer practices in terms of management, scope, and synchronization, turn out to be inherently challenging in a hybrid Agile-Stage-Gate setting. Specifically, the results reveal that each transfer practice plays an intricate role in either facilitating (i.e., transfer management) or inhibiting (i.e., transfer scope and synchronization) front end transfers of digital innovations. The discovery of these opposing forces has important implications for novel theorizing on the use of Agile in the front end of digital innovation, transfer practices from Research to Development in a hybrid setting, as well as for theorizing about digital innovation management.     

Tracing reputation risks in retailing and higher-education services

The study contributes to the literature on reputation risks in presenting a new theoretical framework and new empirical findings that improve both theoretical and practical knowledge, especially in the areas of retailing and higher-education services. A further aim is to compare reputation risks in these service sectors. One way of examining such risks is to categorise them as internal or external, and further as positive or negative. The main contribution of the paper is empirical in terms of identifying the actual reputation risks facing organisations operating in the two service sectors.     

Spatial integration between Finnish and Dutch potato markets

This study estimated a conditional mean model for producer prices of fresh potatoes in Finland and for wholesale selling prices of fresh potatoes in the Netherlands. Unit roots were tested in the Finnish and Dutch price series. Then, an asymmetric error correction model with thresholds was estimated for potato prices between Finland and the Netherlands. Asymmetry was allowed both in short and long-run price transmission. The results suggest that the prices are cointegrated and the arbitrage system is functioning, but with a significant time lag between the Finnish and Dutch potato markets. The price response is also asymmetric in that the Finnish price moves towards a steady state equilibrium faster from above than from below the equilibrium.