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Is the future a political economy? Functional analysis of three leading foresight and futures studies journals
No full textInternational audienceThis article tests whether the field of foresight and futures studies shows significant variable selection biases in the modelling of the future in general and the impact of function systems in particular. We performed a word frequency analysis to measure the relative importance of the political system, the economy, science, art, religion, law, sport, health, education, and the mass media to three pertinent journals in the field of futures studies and foresight. The results show that Futures, Long Range Planning, and Technological Forecasting and Social Change have different and changing preferences for the above function systems, an information which authors may find helpful in supporting decisions on where to submit. Our results also show that all journals feature a highly significant bias to the triple helix systems – the political system, the economy, and science. While the latter bias may be adequate to scientific journals, the dominant focus on the political system and the economy as well as the corresponding neglect of the other systems points at implicit presumptions about the importance of the individual systems that may not be in line with their importance to the larger society. Highlights: This article • Shows that present visions of futures are predominantly visions of political economies, and how to change this. • Suggests that solutions to future political and economic key problems might also be in the so-far neglected further function systems. • Proposes a new systematic set of key variables for consideration and inclusion in models and simulations of futures
Nostalgia in online brand communities
No full textInternational audienceThe purpose of this paper is to analyze the characteristics of a subculture of consumption organized toward a nostalgic brand on a social media platform. More specifically, the authors examine the role of these nostalgic feelings in the development of a community identity and the benefits they promote in the creation and perpetuation of this group.Design/methodology/approach The authors conducted a netnographic study to examine the case of Caloi 10 on Facebook. The data collection was carried out by following interactions among members of this community for seven months. Besides this, field observations and interviews were also considered in the analysis.Findings Four categories emerged from the analysis: Identity and nostalgia, the subculture’s ethos, consumption habits and hierarchical social structure. Nostalgia was shown to have a collective dimension, connecting the group around the brand, and positively affecting the ties between members and members and the brand.Practical implications On-line brand communities can be promoted to strengthen connections between consumers and a brand, and between consumers with each other. For that, it is important to understand the characteristics and specificities of these groups.Originality/value Few studies have dealt with the characteristics of brand communities in social media, as well as the role of nostalgia in these groups. This research fills these gaps, exploring aspects related to consumption as a way of transmitting symbolic meanings and expressing nostalgic feelings in on-line brand communities
Non-wage benefits, corporate ownership and firm performance in post-communist economies: evidence from Ukraine
No full textInternational audienceThe economic reforms in the transition economies of Central and Eastern Europe have fundamentally reshaped ownership and governance of economic production, notably through the privatization of former state-owned enterprises. These reforms were expected to transform management practices by displacing ‘cradle-to-grave’ welfare arrangements administered by state-owned enterprises. Using data drawn from two large samples of Ukrainian establishments, we investigate, in two different time points, the relationship between non-wage benefits and firm performance during the period of transition to a market economy (1994–2004). We found that non-wage benefits continued to be a critical feature of HRM practices in Ukraine during this period, and were positively associated with firm performance
The Determinants of the Emergence of Coopetition Strategy in R&D
No full textInternational audienceThis study aims to reveal the determinants of the emergence of coopetition strategy in R&D programs. This qualitative research is based on an exploratory case study: the cluster Celtic-Plus, dedicated to wireless telecommunications within the Eureka program. Our results show that several factors are necessary for coopetitive projects to emerge: a favorable context for collaboration, research-oriented objectives, consistency with the strategy of member firms, and a portfolio of R&D projects represented in several European, national, and regional R&D programs. This research shows how the degree of maturity of technology shapes a firm’s choice of coopetition strategy. Competitors work together to render technology maturer but without arriving at the development of final products and services stage. This strategy creates a time-lag between the cooperative and the competitive behaviors of the coopetition strategy. The study concludes with guidance for firms choosing a coopetition strategy
Oil market modelling: A comparative analysis of fundamental and latent factor approaches
No full textInternational audienceWe formally compare fundamental factor and latent factor approaches to oil price modelling. Fundamental modelling has a long history in seeking to understand oil price movements, while latent factor modelling has a more recent and limited history, but has gained popularity in other financial markets. The two approaches, though competing, have not formally been compared as to effectiveness. For a range of short-medium-and long-dated WTI oil futures we test a recently proposed five-factor fundamental model and a Principal Component Analysis latent factor model. Our findings demonstrate that there is no discernible difference between the two techniques in a dynamic setting. We conclude that this infers some advantages in adopting the latent factor approach due to the difficulty in determining a well specified fundamental model
Fifty years of the bowl phenomenon
No full textInternational audienceThis article provides an overview and update of the extant literature on the bowl phenomenon, fifty years after the seminal work of Hillier and Boling. It provides insights into the conditions under which unbalancing a production line with faster stations toward the center of the line in a ‘bowl shape’ is effective. It further points to its relevance in modern-day production systems where outsourcing, flexibility needs and disassembly lines are proliferating, and suggests where research into the bowl phenomenon can usefully contribute to manufacturing needs in the future
Understanding the climate–knowledge sharing relation: The moderating roles of intrinsic motivation and job autonomy
No full textInternational audienceA cooperative organizational climate is often argued to promote knowledge-sharing behaviors among employees. However, research indicates that managerial interventions aimed at shaping the organizational climate can be difficult to execute. We develop and test a contingency model of intrinsic motivation and job autonomy as moderators of this relationship. We find that the social climate for cooperation better predicts knowledge sharing when employees show low levels of intrinsic motivation and have high levels of job autonomy. This suggests that a cooperative climate and intrinsic motivation are substitutes with respect to their impact on knowledge-sharing behaviors, while climate and job autonomy are complements. We find support for these ideas in data gathered from a sample of 170 employees of a knowledge-intensive firm
The character and significance of Nordic purchasing and supply management research: A systematic review of the literature
No full textInternational audienceThis paper evaluates the character and significance of Nordic contributions to purchasing and supply management (PSM) research. The paper is based on a systematic analysis of the literature, focusing on the contributions of authors with a Nordic affiliation to PSM. We seek to identify the themes in focus of Nordic PSM research, the research methods and theories that are typically employed; ultimately we discuss if a Nordic PSM school of thought or approach can be discerned and evaluate if or in which areas Nordic PSM research has made significant impact. We conclude the paper by outlining and discussing important future avenues of research for Nordic research in PSM
Individual values and household finances
No full textInternational audienceWe create individual cultural values measures for households and show that this is an important determinant of their financial behaviour. To date, personal cultural values have only been indirectly measured through religion and trust. But these are, at best, an approximation of true cultural values. Applying a holistic framework from the World Values Survey (WVS), we create individual measures of cultural values, and show that the self-expression values of this framework are positively associated with households’ financial decisions. Examining the individual cultural values that make up the WVS model, we further show that happiness, trust, and playing an active role in society, are individually important determinants of household financial decision-making. Our study shows that cultural values can be brought from a generalized national level to the individual level in order to improve our understanding of household financial decision-making
Value Creation and Appropriation following M&A: A Data Envelopment Analysis
No full textInternational audienceMergers and acquisitions (M&A) are typically inspired by a desire for revenue growth and/or cost efficiency leading to an improvement in financial performance. Post-merger performance has received considerable research attention from scholars in finance and accounting, but the marketing dimension has remained largely unexplored. This research focuses on marketing efficiency as a measure of post-merger performance, and this is investigated via an empirical study of 20 M&A deals within the US commercial banking industry. Data Envelopment Analysis (DEA) is used to measure efficiency, employing two input and two output variables. The results demonstrate that M&A transactions do have a positive effect on the marketing efficiency of the combined firms, although the effect size is small