Mohammed S. Khaled and Stephen P. Keef
The focus is on the seasonal affective disorder SAD hypothesis of Kamstra, Kramer and Levi (KKL). Examines the arguments advanced by KKL (2012) in their reply to the criticisms of…
Abstract
Purpose
The focus is on the seasonal affective disorder SAD hypothesis of Kamstra, Kramer and Levi (KKL). Examines the arguments advanced by KKL (2012) in their reply to the criticisms of the hypothesis raised by Kelly and Meschke (2010).
Design/methodology/approach
Uses a mixture of research synthesis and standard statistical analysis to investigate the reliability of the claims raised and the veracity of the statistical arguments.
Findings
The synthesis of the literature, and of the empirical models employed therein, raises questions about the validity of the SAD hypothesis.
Originality/value
Offers a rigorous analysis of whether there is a sound statistical basis for the SAD hypothesis which is frequently cited in the literature as support for the importance of behavioural finance.
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Elsa Nieves-Rodriguez, Myra Mabel Perez-Rivera, Teresa Longobardi and Jose A. Davis-Pellot
Scholars recognize that international marketing effectiveness requires adapting to cultural values, and at the same time, paradoxically, acknowledge the possibility of cultural…
Abstract
Purpose
Scholars recognize that international marketing effectiveness requires adapting to cultural values, and at the same time, paradoxically, acknowledge the possibility of cultural convergence. The purpose of this paper is to take the context of Puerto Rico as a US territory to reconcile these two propositions by analyzing culture and gender’s influence on apparel purchase.
Design/methodology/approach
Via multiple regression analysis, the study considers seasonality as a factor of apparel purchase patterns, developing a consumer behavior model for the apparel industry.
Findings
Results confirm that culture influences purchase behavior, an influence moderated by gender. Additionally, they show that seasons and special occasions are strong predictors of apparel purchase patterns.
Research limitations/implications
The findings assert the claims of cultural convergence, yet preserve the notion that cultural values are reflected in patterns of consumer behavior in the case of apparel.
Practical implications
The study develops highly explanatory models indicating that Puerto Rico expenditure reflects cultural patterns of special occasions, but overshoots expectations for its US counterpart.
Originality/value
The results show that Puerto Rico has appropriated several US cultural aspects (e.g. special holidays), which are expressed differently as reflected by apparel purchase behavior, supporting the notion that Puerto Rico should be treated as an international market. The study demonstrates that cross-cultural studies may be robust in absence of available Hofstede’s dimensions for a country.
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Patia J. McGrath and Harbir Singh
Firms operate in a market for their corporate assets, wherein important assets being bought and sold are business units. This market is therefore a primary mechanism for firm…
Abstract
Firms operate in a market for their corporate assets, wherein important assets being bought and sold are business units. This market is therefore a primary mechanism for firm reconfiguration, and offers the opportunity for firms to gain performance advantage as they prepare for and engage in their boundary-changing moves. This paper focuses on resource reconfiguration between firms, and examines internally and externally driven sources of performance heterogeneity in firms’ use of the market for firm reconfiguration. Viewing between-firm resource reconfiguration through three theoretical lenses surfaces several potential avenues for firm differentiation. For one, the necessity of firms’ possessing capabilities to execute both sides of the external resource reconfiguration transaction – acquisition and divestiture capabilities – is revealed. For another, the institutional prerequisites that are needed in the operating environment for a firm to build a sustainable resource reconfiguration strategy are brought to the fore, and are well illustrated by the private equity industry. Lastly, the potential benefits of using the transactional view of firm scope to animate the study of external resource reconfiguration are raised. Taken together, these elements lead to a research agenda around resource reconfiguration across firm boundaries.
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Christian J. Nothiger, Michael Bründl and Walter J. Ammann
During the analysis of the 1999 avalanche winter and of the winter storm Lothar on 26 December 1999, the Swiss Federal Institute for Snow and Avalanche Research SLF, Davos…
Abstract
During the analysis of the 1999 avalanche winter and of the winter storm Lothar on 26 December 1999, the Swiss Federal Institute for Snow and Avalanche Research SLF, Davos conducted an inquiry of the cable car‐ and ski lift‐companies in German‐ and French speaking part of Switzerland. This arti‐cle presents the results in detail. In the whole of Switzerland there were 1'821 cable cars and ski lifts in 1999 (not counting 550 small ski lifts). The SLF sent its questionnaire to 117 companies. A considerable proportion of them (79%) have been returned. In February 1999 avalanches and snow pressure induced damages on 44 cable cars and ski lifts; repairs cost more than 17 Mio. SFr. Due to high avalanche danger, 37% of all lift facilities had to be closed for an average of seven days. The loss of earnings for Switzerland (without Ticino) is estimated at 78 Mio. SFr. compared to February 1998. The winter storm Lothar caused damage to 127 cable cars and ski lifts. The cost of damage repairs is estimated at 7.6 Mio. SFr. The storm interrupted power supply for 14% of the lift facilities; 58% had to be closed down due to high wind speeds. The loss of earnings caused by winter storm Lothar amounts to approx. 39 Mio. SFr. for the Swiss cable car and ski lift companies (without Ticino). Immediately after the events of 1999, 32% of the companies interviewed took measures to reduce the negative consequences (e.g. price reductions, press releases or publicity campaigns). To improve public relations is considered to be an important measure to cope with consequences of natural hazards in the future by 39% of the companies.
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Arthur M. Tran and Drew B. Winters
This study aims to determine whether implementation of the Consumer Financial Protection Bureau’s (CFPB) rule will achieve the goal of providing data for preliminary analysis of…
Abstract
Purpose
This study aims to determine whether implementation of the Consumer Financial Protection Bureau’s (CFPB) rule will achieve the goal of providing data for preliminary analysis of banks compliance with fair lending regulations.
Design/methodology/approach
Empirical analysis of the CFPB’s implementation of Dodd–Frank Section 1071.
Findings
The data available under the CFPB’s rule will suggest that banks provide less access to minority borrowers, which would be a violation of fair lending regulations. The authors show that the addition of a simple credit risk variable shows that community banks provide fair access for minority borrowers to loans.
Research limitations/implications
The analysis is limited to one year of the Fed’s Small Business Credit Survey (2017). Also, the authors are limited to the data collected by the survey.
Practical implications
Bank regulations tend to be one size fits all, which creates high compliance costs for small (community) banks with questionable benefits. The implementation of Section 1071 appears to be another example of this pattern, as the results suggest that the implementation of the CFPB’s rule for Section 1071 is unlikely to achieve its goals.
Social implications
The results have significant public policy implications for the design and implementation of banking regulations.
Originality/value
To the best of the authors’ knowledge, this study is the first research project on the topic.
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Why is it that highly trained and seasoned executives fail? On the surface, this doesn’t make sense because they are very successful; yet research in the organization sciences…
Abstract
Why is it that highly trained and seasoned executives fail? On the surface, this doesn’t make sense because they are very successful; yet research in the organization sciences provides no shortage of evidence to prove just that. From the classic Mann Gulch fire disaster of Weick’s famous collapse of sensemaking study, to studies of myopia of learning, escalation of commitment, threat-rigidity, dominant logic, the architecture of simplicity, the Icarus Paradox, to core competencies turning into core rigidities, and navigating new competitive markets using “old” cognitive maps, and many more such examples point to a ubiquitous phenomenon where highly trained and experienced professionals find themselves “stuck” in the heat of battle, unable to move and progress. On the one hand, for some, there is a desperate need for change, but are unable to do so, due to their trained incapacities. On the other hand, some simply cannot see the need for change, and continue with their “business as usual” mentality. For both, their visions of the world shrink, they have a tendency to cling onto their past habitual practices and oversimplify the complexity of the situation. In moments like these: DROP YOUR TOOLS and UNLEARN! This book chapter introduces a framework (grounded in clinical psychology) that has had consistent success in helping seasoned executives and key decision-makers open up the alternatives whenever they find themselves stuck with complexity.
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To date, higher education frameworks for teaching and learning are not designed to focus on interdisciplinary subject matters like sustainability. Consequently, based on an…
Abstract
To date, higher education frameworks for teaching and learning are not designed to focus on interdisciplinary subject matters like sustainability. Consequently, based on an in-depth literature review, this chapter presents a theoretical framework for teaching and learning about sustainability. Within this framework, it is posited that opportunity to learn (OTL) about sustainability can directly influence promising practices of teaching and learning about sustainability (including both cognitively responsive teaching and teaching for sustainability) along with transformative sustainability learning outcomes. Additionally, it is posited that OTL can indirectly affect transformative sustainability learning outcomes by directly influencing promising practices of teaching and learning about sustainability. This in turn directly influences transformative sustainability learning outcomes. Implications from this framework offer a distinctive way to frame sustainability-specific subject matter and teaching practices. With respect to practice, this framework can provide critical information to instructors about how to teach sustainability. With regards to conceptual contributions, this framework can guide further research through this precise framing of discussions, as well as guiding data collection and analyses. Also, scholars can continue to examine the framework for facets that are most important, and continue to fine-tune it as it further develops and demonstrates its viability.
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This paper reflects on the evolution of implicit and explicit behavioral ideas in the field of strategic management using Herbert Simon’s scholarship as a starting point, that is…
Abstract
This paper reflects on the evolution of implicit and explicit behavioral ideas in the field of strategic management using Herbert Simon’s scholarship as a starting point, that is, his emphasis on empirically driven; interdisciplinary theorizing allowing and enabling two-way street learning. We argue that historically, there were plenty of behavioral ideas embedded in the field and, together with the recent movement towards explicit “behavioral strategy,” these provide several possible paths for future developments in strategic management research. In the spirit of broadening the tent for behavioral strategy in the future (Hambrick & Crossland, 2018), we suggest some topics and approaches for behavioral strategy in empirically driven, interdisciplinary directions which allows also for two-way street learning between concepts and real-world strategic phenomena.
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Rodolphe Durand, Pierre-Antoine Kremp and Tomasz Obloj
In this chapter we develop a new approach, based on the identification of strategy classes, to study how firms face multiple demands. The procedure that we propose (called…
Abstract
In this chapter we develop a new approach, based on the identification of strategy classes, to study how firms face multiple demands. The procedure that we propose (called Relational Class Analysis) stems from an analysis of the similarity of associative patterns across multiple observable outcomes, which reflect the underlying set of choices firms make to similarly address demands. Empirically, the study of 18 financial and extra-financial performance outcomes for 3,655 firms shows the existence of three main strategic classes. Drawing on our analysis, we redefine strategy as the set of committed decisions undertaken to resolve trade-offs between multiple concurrent objectives and discuss the implications of our approach for eight core questions for strategy and organizational theory.
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Rachel Daniels and Annie Maddison Warren
The Ambridge Flower and Produce Show is the source of frequent scandals. For example, the misunderstanding that resulted in Chutneygate in 2016 caused feelings to run high…
Abstract
The Ambridge Flower and Produce Show is the source of frequent scandals. For example, the misunderstanding that resulted in Chutneygate in 2016 caused feelings to run high. However, there is also evidence of deliberate cheating. Toye (2009) records three confirmed instances between 1975 and 2008, two planned and one opportunist, along with a number of unproved allegations. According to Michaels and Miethe (1989, p. 883), ‘cheating is a general class of deviance that occurs in a variety of contexts’, whilst DeAndrea, Carpenter, Shulman, and Levine (2009) believe that it is now commonplace throughout society. Houser, Vetter, and Winter (2012, p. 1654) argue that ‘the perception of being treated unfairly by another person significantly increases an individual’s propensity to cheat’. Taken at face value, Flower and Produce Shows are charming, community-based events showcasing personal endeavour for little in the way of reward. However, both the Ambridge experience and the literature suggest that the competitive nature of the event aligned with the potential for perceived unfair treatment by the judges may mean that the likelihood of cheating is high. Given this, how representative is the Ambridge Flower and Produce Show of a real-life Flower and Produce Show? This chapter examines the emotions and behaviours that these shows engender by reviewing scholarly thinking on competition, competitive behaviour and cheating, and then comparing critical incidents at the fictional Ambridge show with evidence derived from interviews with the committee and contestants of the annual Flower and Produce Show in a small market town in Wiltshire.