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The Host Canceled My Reservation! Impact of Host Cancelations on Occupancy Rate in the P2P Context: A Signaling Theory Perspective
No full textInternational audienceThe business of hosts in peer-to-peer (P2P) accommodation sharing has become an important source of revenue for individuals in many economies. However, there is a dearth of studies on hosts, specifically on the factors that affect host performance (i.e., occupancy rates). Drawing on the signaling theory and the source credibility theory and using a dataset of 41 610 reviews of 7004 Airbnb listings, we investigated the impact of cancelation rate—that conspicuously signals how many times a host has canceled a pre-existing reservation—on the host occupancy rate. Furthermore, we investigate the role of source credibility signals in reducing the impact of host cancelations. The results show that host signals of reputation, responsiveness, and expertise minimize the negative effect of cancelations on the occupancy rate. Theoretically, we advance the academic literature on credibility signals in P2P platforms and their moderating role on host performance. Managerially, the study helps P2P hosts in understanding the role of signals on occupancy rate
Design and governance of international joint venture innovation strategy: Evidence from China
No full textUsing the exploitation-exploration framework to conceptualize international joint ventures (IJVs)’ innovation strategy, this study develops a contingent governance view to posit that the effectiveness of exploitative and explorative innovation strategies depends critically on the governance mechanisms between IJV partners. Based on empirical analyses of 187 IJVs in China, our results reveal that explorative innovation strategy generates a greater positive effect on IJV new product performance than exploitative innovation strategy. Furthermore, exploitative innovation strategy has a positive impact on IJV new product performance at high levels of contractual governance but has a negative effect at high levels of relational governance. In contrast, explorative innovation strategy contributes more to IJV new product performance at high levels of relational governance but shows a negative effect at high levels of contractual governance. This study offers important implications for IJVs to better design and manage their innovation strategies
The intention-behaviour gap in sustainable hospitality: a critical literature review
No full textInternational audiencePurpose – The intention of consumers to behave sustainably is not a reliable predictor of sustainablehospitality choices. This intention-behaviour gap represents one of the biggest challenges for marketers andenvironment-friendly businesses. To address this issue, this study aims to draw upon the intention-behaviourgap. The authors revise the sustainable hospitality literature to identify the limitations, to evaluate the extentto which the intention-behaviour gap is embedded in the hospitality literature and to provide practicalguidance on how to move research forward in the sustainable hospitality field.Design/methodology/approach – The authors adopted a five-step process to review and analyse 71scientific papers published in 14 Hospitality Journals. The authors developed a descriptive overview of theliterature showing the publications in this field over the years, the sustainability practices implemented bycompanies and consumers and the setting of the studies. Finally, the authors conducted a critical analysis ofresearch in sustainable hospitality adopting the intention-behaviour gap lens.Findings – Leveraging the descriptive overview and critical analysis, the authors offer four directions for futureresearch to address the existing literature limitations. The authors encourage scholars to expand the scope of theresearch setting, investigate diverse sustainability practices, integrate existing knowledge on the intention-behaviourgap into sustainable hospitality research and combine traditional researchmethodswith emerging technologies.Practical implications – This study exposes the theoretical challenge of applying conventionalbehaviour theories to sustainable hospitality, prompting a call for framework re-evaluation. It offers practicalinsights, empowering researchers, marketers and policymakers to navigate and mitigate the intentionbehaviourgap in sustainable hospitality.Originality/value – The originality of this paper is underscored by its distinctive focus on the uniqueintention-behaviour gap within sustainable hospitality, coupled with a compelling call to re-evaluatetraditional behavioural frameworks. It provides a roadmap for future research in sustainable hospitality,benefiting researchers, policymakers and marketers in promoting sustainable initiatives
Initial Upper Palaeolithic material culture by 45,000 years ago at Shiyu in northern China
No full textInternational audienceThe geographic expansion of Homo sapiens populations into southeastern Europe occurred by ∼47,000 years ago (∼47 ka), marked by Initial Upper Palaeolithic (IUP) technology. H. sapiens was present in western Siberia by ∼45 ka, and IUP industries indicate early entries by ∼50 ka in the Russian Altai and 46–45 ka in northern Mongolia. H. sapiens was in northeastern Asia by ∼40 ka, with a single IUP site in China dating to 43–41 ka. Here we describe an IUP assemblage from Shiyu in northern China, dating to ∼45 ka. Shiyu contains a stone tool assemblage produced by Levallois and Volumetric Blade Reduction methods, the long-distance transfer of obsidian from sources in China and the Russian Far East (800–1,000 km away), increased hunting skills denoted by the selective culling of adult equids and the recovery of tanged and hafted projectile points with evidence of impact fractures, and the presence of a worked bone tool and a shaped graphite disc. Shiyu exhibits a set of advanced cultural behaviours, and together with the recovery of a now-lost human cranial bone, the record supports an expansion of H. sapiens into eastern Asia by about 45 ka
Economic policy uncertainty and corporate social responsibility disclosure similarity: Evidence from China
No full textInternational audienceThis study investigates how economic policy uncertainty affects within-firm corporate social responsibility (CSR) disclosure over time. Based on the institutional perspective, we propose that facing higher economic policy uncertainty, firms likely issue CSR reports that are similar to their own past reports (i.e. CSR time-series disclosure similarity), reflecting symbolic actions in corporate CSR disclosure. Further, this effect weakens for firms with state ownership but strengthens when those with financial constraints or experience net losses. Empirical results derived from a sample of Chinese listed firms from 2009 to 2021 offer strong support for our hypotheses. Overall, our study contributes to the literature on CSR disclosure and research on the consequences of economic policy uncertainty
Consumer reactions to packaging-free product dispensers: a variety of buyers’ profiles to consider
No full textInternational audienceThis study investigates consumer reactions to dispensers offering solid packaging-free products (e.g. pasta, lentils, cereals) integrated in a delimitated area in a grocery store. More specifically, the research examines the impacts of the overall appeal of packaging-free solid food product dispensers and their perceived ease of use on consumers' intention to use these dispensers and purchase packaging-free products. Moreover, using a set of variables, different buyer profiles are highlighted. Design/methodology/approach The field study for this research was conducted in a delimitated area (i.e. a shop within a shop) dedicated to solid packaging-free products (e.g. pasta, lentils, cereals) in a university cooperative store in the province of Quebec, Canada. A total of 456 buyers and consumers of packaging-free products from this store took part in the field study and completed our survey. Findings This study shows packaging-free dispensers' overall appeal and perceived ease of use to be determinants of consumers' intention to use these dispensers and purchase packaging-free products. The Rebus (response-based procedure for detecting unit segments) method highlights the need to consider three buyer profiles (enthusiastic, pragmatic, and sceptical) with different reactions to the specific dispensers used by retailers for packaging-free products. Originality/value This study focuses on buyers' reactions to packaging-free dispensers in stores, during the purchase process, whereas previous ones highlighted the drivers of and barriers to consumer adoption of packaging-free products (before the purchasing process starts). It also points to the need to fine-tune the segmentation of consumers of packaging-free products, which must be based not only on consumers' previous experience or familiarity with these products but also on the integration of their drivers and barriers
The borrower's tango: Study on the determinants of the choice between broker and bank for a real estate loan
No full textInternational audienceCette recherche s’intéresse aux déterminants de la souscription d’un crédit immobilier par l’intermédiaire d’un courtier. Une étude a donc été conduite auprès des clients d’une banque mutualiste régionale en France ayant emprunté directement à la banque ou par l’intermédiaire d’un courtier. L’analyse des données collectées permet d’identifier les quatre déterminants de ce choix, ce qui nous permet de comprendre pour quelles raisons les consommateurs choisissent un courtier ou une banque : 1/ le besoin de professionnalisme, 2/ le besoin d’efficacité, 3/ le besoin de reconnaissance et enfin, 4/ le besoin d’information. Les résultats indiquent que le profil consommateur souscrivant directement son prêt bancaire priorise son besoin de reconnaissance. Le profil consommateur ayant réalisé leur prêt via un intermédiaire priorise quant à lui son besoin de professionnalisme. Il le juge efficace tout au long du parcours et considère qu’il lui fait gagner du temps. L’analyse de ces profils nous conduit à établir différentes préconisations, notamment sur la gestion de la relation client par la banque et sur son positionnement comme un professionnel du financement immobilier
When acquirers are short on cash flow in M&A deals
No full textInternational audienceStudies on corporate takeovers are voluminous but typically assume that acquirers are not financially constrained. We show that acquirers’ free cash flow (FCF) levels have significant impacts on their takeover activities and consequences. Acquirers with low FCF, despite their high levels of cash holdings, tend to pay in stocks rather than cash. The targets acquired by low-FCF acquirers are of inferior quality relative to those obtained by high-FCF acquirers. After acquisition, low-FCF acquirers seriously underperform their peers, but this underperformance does not exist in high-FCF acquirers. Further, the financial leverage of low-FCF acquirers increases sharply following acquisitions, and a significant number of them become bankrupt or are acquired by other firms. Our evidence suggests the importance of acquirer’s financial position to sustain the normal operation of the combined entity following the deals. Firms with financial constraints, therefore, should be conservative in advancing takeovers
P2P Platform Performances in Global Crisis: The Role of Hypothetical, Social Distance, and Host Characteristics
No full textInternational audienceAdopting a construal-level theory approach, we investigate the impact of hypothetical distance on P2P performance, and the moderation effect of social distance, hosts' experience and reputation. The study analyzes 58,140 Airbnbs between 2019 and 2020 on a monthly basis adopting a similar difference-in-difference (DID) methodology. The findings show that per each percentage increase in local COVID-19 spread, occupation rate and revenues per available nights decline by 0.70 percentage points and 0.63$, confirming the negative direct effect of hypothetical distance. Complementarily we find that this negative effect was reduced by high social distance. Furthermore, we also show that hosts' experience and reputation positively moderate the negative effects of a global crisis on P2P performance
