Business Commons^™

Religion-Related Research In The Journal Of Macromarketing, 1981-2014, Jenna M. Drenten, Kristy Mcmanus

School of Business: Faculty Publications and Other Works

This study provides a review of religion-related research published in the Journal of Macromarketing (JMK) from 1981 to 2014. A systematic review of the journal identifies 19 key articles at the intersection of religion and macromarketing. Both quantitative and qualitative approaches are utilized to review this body of work in terms of frequency, content, methodology, and authorship. Results reveal four categories of religion-related research in JMK: 1) the impact of religion on macromarketing issues, 2) the impact of macromarketing issues on religion, 3) religion as a theoretical perspective, and 4) religious groups/individuals as a research context. Opportunities for future research …

Asset Price Momentum And Monetary Policy: Time-Varying Parameter Estimation Of Taylor Rules, Anastasios G. Malliaris, Ramaprasad Bhar

School of Business: Faculty Publications and Other Works

In this article, we consider two new independent variables as inputs to the Taylor Rule. These are the equity and housing momentum variables and are introduced to investigate the potential usefulness of these two variables in guiding the Fed to lean against potential bubbles. Such effectiveness cannot adequately be evaluated if the Taylor Rule estimation follows the standard regression methodology that has been criticized in the literature to be econometrically incorrect. Using a time-varying parameter estimation methodology, we find that equity momentum as an input in the Taylor Rule does not contribute to changes in Fed Funds. However, the housing …

Marketing As A Means To Transformative Social Conflict Resolution: Lessons From Transitioning War Economies And The Colombian Coffee Marketing System, Andres Barrios, Kristine De Valck, Clifford J. Shultz, Olivier Sibai, Katharina C. Husemann, Matthew Maxwell-Smith, Marius K. Luedicke

School of Business: Faculty Publications and Other Works

Social conflicts are ubiquitous to the human condition and occur throughout markets, marketing processes, and marketing systems. When unchecked or unmitigated, social conflict can have devastating consequences for consumers, marketers, and societies, especially when conflict escalates to war. In this article, the authors offer a systemic analysis of the Colombian wareconomy, with its conflicted shadow and coping markets, to show how a growing network of fair-trade coffee actors has played a key role in transitioning the country’s war economy into a peace economy. They particularly draw attention to the sources of conflict in this market and highlight four transition mechanisms—empowerment, …

A Tried-And-True Method For Encouraging Innovation, Dow Scott

School of Business: Faculty Publications and Other Works

CEOs recognize that continuous innovation is absolutely essential for company survival (e.g., Craren 2010; Mitchell, Ray, and van Ark 2015; Pawlenty 2014). McMullen and Lash (2014) found that the “best companies for leadership” are more likely to reward innovation and collaboration than are other companies. Thus, the trend toward expanding the responsibility for innovation beyond the research and development (R&D) department to employees throughout the organization is not surprising (Baumann and Stieglitz 2013). There are two distinct forms of innovation. The first focuses on developing products and services that allow companies to charge a premium for their products and services …

Different Classification Results On The Same Loan: Evidence From Japanese Corporate Lending In The Usa, Kanji Kitamura

School of Business: Faculty Publications and Other Works

This essay reports on cross-national differences within bank loan classification approaches, which determine the soundness of bank loans. It is based on 20 in-depth interviews carried out as part of an ongoing PhD research project. The essay first offers an overview of banking supervision under the Basel Accord and locates bank loan classification within the context of this global framework. Second, through analysis of a government-commissioned report available only in Japanese, the essay compares the two countries’ normative approaches to bank loan classification and qualitatively describes cross-national differences. The interview results support their report and reveal that Japanese bank loans …

Government Policies And Micro Lending In Emerging Markets, Nicholas Lash, Bala Batavia

School of Business: Faculty Publications and Other Works

Although microfinance institutions have expanded rapidly since their inception in 1983, their growth has varied substantially among countries. This study examines the impact of government expenditures, taxes and regulations on the volume of microcredit for 92 emerging market countries for the period 2000-2011. The Index of Economic Freedom data is used as a proxy for government intervention while microcredit is represented alternatively by either the Gross Loan Portfolio Per-Capita or Penetration Index variables. While excessive government intervention could potentially encourage more lending in the informal microfinance markets, our findings suggest that, for both credit variables, the net impact is to …

Current And Future Jesuit-Educated Managers’ Perceptions Of Socially Responsible Business Practices, Velitchka D. Kaltcheva, Anthony D. Patino, Robert D. Winsor, Carol Graham, Dennis A. Pitta, Joan M. Phillips, Thomas M. Hickman

School of Business: Faculty Publications and Other Works

Jesuit business education differentiates itself by being grounded in the Ratio Studiorum (a compilation of central educational principles established on the foundation of the Constitutions of the Society of Jesus) and by employing Ignatian pedagogy (a method of instruction based on the Spiritual Exercises of Ignatius of Loyola).1 Jesuit business programs make a substantial commitment toward developing and implementing mission-based statements of purpose and distinction. Typically, these efforts emphasize the central importance of ethics within the curriculum, including specific principles such as social responsibility, sustainability, stewardship, and social justice. With this research, we focus on social responsibility because it is …

Have Changes In Business Practices And Reporting Standards Changed The Taxonomy Of Financial Ratios?, Thomas Zeller, John Kostolansky, Michail Bozoudis

School of Business: Faculty Publications and Other Works

Prior research established a seven dimension taxonomy of financial ratios. Arguably, advances in business practices, changes in financial reporting standards, and technology have affected the underlying relationships of this taxonomy. This study proposes to identify the extent to which the previously identified relationships have changed, and, if appropriate, to establish an entirely new taxonomy of manufacturing industry financial ratios.

In addition, this study substantially improves and extends prior work in two areas. First, it utilizes advanced statistical methodologies and computing technologies that were unavailable to previous researchers. Second, it investigates not only the current taxonomy of manufacturing industry financial ratios, …

Beyond ‘Innocents Abroad’: Reflecting On Sustainability Issues During International Study Trips, Anne H. Reilly, Mary Ann Pauline Mcgrath, Kristine Reilly

School of Business: Faculty Publications and Other Works

With ecosystems and populations in many regions threatened by rapid development, sustainability is a critical component for businesses in mature markets and emerging economies alike. The International Association of Jesuit Business Schools notes that global sustainability involves a broad set of interconnected issues ranging from environmental preservation to social justice to desirable production and consumption patterns. Jesuit business schools are uniquely positioned to address sustainability issues with their focus on teaching managerial content in tandem with corporate social responsibility. Further, the Ignatian Pedagogy Paradigm of experience, reflection, and action would suggest that business students may benefit from reflective observation in …

Resistance To Gender Stereotyping In Advertising Institutions, Linda Tuncay Zayer, Catherine Coleman, Ozlem Hesapci

School of Business: Faculty Publications and Other Works

This paper uses institutional theory to examine how advertising professionals resist the use of gender stereotypical messages in advertising. Through in-depth interviews, we examine how advertising executives across the U.S., UK, and Turkey conceptualize gendered messages and the strategies used to resist these practices within their institutions.

Evolution Of Entrepreneurial Judgment With Venture-Specific Experience, Ugur Uygur, Sung Min Kim

School of Business: Faculty Publications and Other Works

This study advances research on entrepreneurial cognition by investigating how entrepreneurial judgment evolves during new venture creation. We conceptualize entrepreneurial judgment as a cognitive process in the minds of entrepreneurs that operates on the causal map – i.e., a knowledge structure concerning what factors they believe will help the chances of profitability under uncertainty. At the time of initial epiphany, entrepreneurs construct a cognitive causal map which guides resource allocation decisions. Over time, venture-specific experience accumulates and entrepreneurial judgment evolves in response to their observations. Using a dataset of 524 nascent entrepreneurs, we find that entrepreneurs with more venturespecific experiences …

Marketing An End To War: Constructive Engagement, Community Wellbeing, And Sustainable Peace, Clifford J. Shultz

School of Business: Faculty Publications and Other Works

Markets and marketing are integral to human welfare and survival. When used however for the purposes of war and other systemically violent conflict, they can be devastating and pose an existential threat to humanity. Drawing on experience in war-ravaged and recovering economies, the author examines a stream of research on marketing systems disrupted or destroyed by war. Some underlying conditions and predictors of war and its peaceful resolution are introduced, including social traps and their mitigation or elimination. An argument is revisited for marketing as a form of constructive engagement, which must be implemented to affect and to develop equitable …

Recent Evidence On Investors’ Behavior In The Tehran Stock Exchange: Preliminary Evidence And Future Insights, Abolhasson Jalilvand, Mojtaba Rostami Noroozabad

School of Business: Faculty Publications and Other Works

In this study, provided preliminary evidence on a comprehensive program of study focusing on investors’ behavior in the Tehran Stock Exchange (TSE) in 2014. Using a survey-based methodology, 561 investors from the TSE representing individual investors, mutual fund experts, funding institutions experts, institutional investors, and stock brokers have been randomly selected to respond to a set of behavioral and economic questions recommended by the previous research in the field of behavioral finance. Factor loading from the collected data reveal that both behavioral and economic variables appear to influence investors’ decisions in the TSE. In the further to be shared new …

Unpacking 'Give Back Box:' A Social Enterprise At The Intersection Of Leadership, Innovation, And Sustainability, Eduardo Barrientos, Anne H. Reilly

School of Business: Faculty Publications and Other Works

Once the domain of government agencies and non-profit organizations, a social enterprise integrates social benefits such as employment and sustainability into a for-profit firm's mission. The social enterprise (SE) bottom line includes both economic and social value, reflecting an intersection of the Jesuit leadership tradition with commercial business enterprise. This case study describes the start-up of Give Back Box (GBB), a Chicago-based social enterprise that supports recycling and repurposing. GBB's business model involves providing a convenient, no-cost opportunity to follow up an online purchase by recycling the shipping box to forward unneeded items to charities. GBB was founded in 2012 …

Lessons Jesuit Business Programs Can Learn From Chinese Mba Programs, Mary Bernice Mcgrath

School of Business: Faculty Publications and Other Works

North American Schools of Business have been “going global” by transplanting pedagogy and content to Asia and Africa for several centuries. From a teaching perspective, our western schools look to these regions as contexts to provide richness to our students’ educational experience, to prepare Americans for dealings in the global business marketplace, and often to increase our own enrollments and revenues. To date we have served as “exporters” of our own Western brand of MBA education.

Using an ethnographic approach of participant observation gained through two years of teaching and living in China supplemented with interviews with Chinese students studying …

Information Asymmetry And Adverse Wealth Effects Of Crowdfunding, Abolhasson Jalilvand, Fathali Firoozi, Donald Lien

School of Business: Faculty Publications and Other Works

The Jumpstart Our Business Startups (JOBS) Act of 2012 in the U.S. expanded the capital markets so that entrepreneurs can appeal directly to non-traditional small crowd investors for investment funds. The final rules and forms of the JOBS Act became effective in May 16, 2016. Existing literature is thus relatively small but contains ample praises for expected positive consequences of the new crowdfunding laws for the capital markets and for the crowd in general but has only limited analysis on the prospect of adverse wealth effects of crowdfunding for the crowd investors. A limited number of existing studies have highlighted …

Exploring Patient-Provider Relationships In Preference-Based Health Care Choices, Linda Tuncay Zayer, Cele C. Otnes, Eileen M. Fischer

School of Business: Faculty Publications and Other Works

Patient-physician relationship models previously identified in research do not always capture the full range of consumers’ experiences as they engage in difficult, preference-based decisions. Examining the context of individuals seeking infertility treatment, we identify a new Peripheral Model of patient-physician relationship, whereby the physician’s role is perceived as rather inconsequential.

Analysis Of Large Mega Millions Rollovers, Suk H. Lee, Ki C. Han, David Y. Suk, Hyun Mo Sung

School of Business: Faculty Publications and Other Works

From May 17, 2002 to December 30, 2014, there were 1,318 Mega Millions drawings and 153 were winning drawings. In 148 out of 153 winning drawings, there was no winner(s) in the first drawing and the jackpot prize was rolled over and added to the next drawing. Since the Mega Millions does not have a rollover limit, this process continues until there is an eventual winning ticket. As the jackpot prize approaches $100 million, significantly larger additional cash flows into the lottery. Based on the analysis of 29 large Mega Millions winning drawings (jackpot prize ≥ $100 million), we report …

Gamer Girls: Navigating A Subculture Of Gender Inequality, Robert L. Harrison, Jenna M. Drenten, Nicholas Pendarvis

School of Business: Faculty Publications and Other Works

Purpose

Video gaming, which remains culturally embedded in masculine ideals, is increasingly becoming a leisure activity for female consumers. Guided by social dominance theory, this paper examines how female gamers navigate the masculine-oriented gaming consumption context.

Methodology/approach

Eight avid female gamers (ages 20–29) participated in-depth interviews, following a phenomenological approach to better understand their lived experiences with video gaming. Data were analyzed using phenomenological procedures.

Findings

Findings reveal an undercurrent of gender-based consumer vulnerability, driven by stereotypical perceptions of “gamer girls” in the masculine-oriented gaming subculture. Further, the findings highlight the multilayered, multidimensional nature of gaming as a vulnerable consumption …