Business

Is Beauty in the Aisles of the Retailer? Package Processing in Visually Complex Contexts
Visual appeal is an important consideration in the design of brand packages because attractiveness guides behavior. The visual complexity of a context (i.e., the quantity, irregularity, detail, and dissimilarity of objects) in which a retailer displays a package may impact its attractiveness by influencing attention and processing fluency. Employing consumer samples, and stimuli ranging from th...


Gift Cards and Gifted Cash: The Impact of Fit between Gift Type and Message Construal
This research investigates the relationship between types of financial gifts and evaluations of products’ advertisement messages designed at different construal levels. Based on the theory of goal-related mind-sets, the authors propose that gifted cash recipients are more likely to activate the first subgoal of the shopping procedure or script (deciding whether to buy something) and thus more...
Contrasting the Drivers of Switching Intent and Switching Behavior in Contractual Service Settings
We examine consumer switching decisions in contractual service settings and contrast the drivers of actual switching with those of switching intent. We surveyed a panel of subscribers to all cell phone service providers in a market and recorded key marketing mix data. At four months intervals, we asked panel members about their switching intentions and then subsequently observed actual switchin...


Utilitarian and Hedonic Motivators of Shoppers’ Decision to Consult with Salespeople
Many retailers face the questions of whether providing consultation services would enhance store performance and, if so, what the retailers could do to increase the number of shoppers seeking salesperson consultation. Despite its importance, prior research has not answered the question of what influences retail shoppers to consult with salespeople. We use motivation theory and recent theorizing...
Asymmetric Perception of Sparse Shelves in Retail Displays
We investigated a perceptual bias in recognizing partially stocked shelves in retail displays. Across a series of experiments, a total of 475 right-handed participants were asked to discriminate between pairs of store displays that were more versus less stocked with items. When asked to identify the sparser display in a sterile environment, participants were significantly faster and more accura...


Performance- and value-oriented decision support for supply chain configuration
The task of supply chain (SC) configuration is to establish a product-specific SC for new products. Apart from cross-regional network aspects and inter-disciplinary factors, the problem complexity is driven by dynamics and uncertainties of short product life cycles. SC configuration affects SC performance and value creation. Hence, resulting impacts have to be measured and compared under consid...
Athlete’s Nutrition Knowledge and Their Perception and Satisfaction in the Foodservice Quality of the Athlete’s Cafeteria
This study investigated athletes’ perceptions and satisfactions on the foodservice quality of the athlete’s cafeteria as well as their knowledge on nutrition. Four dimensions namely food quality, meal service quality, staff/service issues, and dining environments and their overall satisfactions were investigated. Athletes were most satisfied with the meal service quality dimension and least...

Tourism stakeholders attitudes toward sustainable development: A case in the Arctic
This research attempts to explore tourism stakeholders’ attitudes toward the practices of sustainability in Arctic destinations that have been regarded as sacred and pristine places that are susceptible to the influx of tourists. A mixed-method approach involving qualitative and quantitative studies is deployed in the Scandinavian Arctic region to facilitate data collection on three groups of...
Offshoring of higher education services in strategic nets: A dynamic capabilities perspective
We examine the process of the intentional transformation of a loose organic network into a strategic net within the context of offshoring higher education services over time. The study shows that this educational net is hub-driven by a large Australian university that acts as the network facilitator. Our results confirm the importance of the dynamic capabilities of both the net and its particip...

Estimating the conditional single-index error distribution with a partial linear mean regression
In this paper, we present a method for estimating the conditional distribution function of the model error. Given the covariates, the conditional mean function is modeled as a partial linear model, and the conditional distribution function of model error is modeled as a single-index model. To estimate the single-index parameter, we propose a semi-parametric global weighted least-squares estimat...
Investors' expectations, management fees and the underperformance of mutual funds
Why do investors buy underperforming mutual funds? To address this issue, we develop a one-period principal-agent model with a representative investor and a fund manager in an asymmetric information framework. This model shows that the investor's perception of the fund plays a key role in the fund's fee-setting mechanism. Using a simple relation between fees and funds' performance, empirical ev...

Does herd behaviour exist in the commodities market?
During the last decade commodities have attracted both retail and institutional investors' interest due to their intense financialisation and the increased demand from the emerging markets (China, India, etc.). These new market conditions have caused concern about the possible effect on commodities prices and the relevant increase in their volatility. Under such circumstances a well known behav...
Return or position-based value at risk?
The emergence of managed account platforms for investing in hedge funds has given the investor access to a range of new risk measures. This study analyses the accuracy of various value at risk (VaR) methodologies in the context of hedge fund investing. In our sample of data, we found that position-based VaR provides the best risk assessment measure for short horizons (up to five days). For long...
Explicit approximations of multi-asset option prices including Greeks
In this article, we give a lower bound approximation to a stochastic programme that is typical for many complex financial derivatives, e.g., Bermudan options, Rainbow options and swing contracts. The approximation is based on an algorithm that does not require any simulation but uses a well-known spread option pricing formula. Since the method explicitly computes lower bounds for the claim's va...
A Downside to the Entrepreneurial Personality?
The literature on entrepreneurship bears a distinctly positive cast, often with good reason. Entrepreneurs and their innovations have contributed enormously to national wealth, and so scholars have examined the personalities, capabilities, and contexts underlying these contributions. However, despite some early work, the negative aspects of the entrepreneurial personality have been largely igno...