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Examines the cost performance of various strategies for managing foreign exchange risk in international sourcing. The strategies represent a broad spectrum of approaches to exchange risk, ranging from naïve to active. Of particular interest is the comparison of those strategies which use exchange rate forecasts with those which do not. Focuses on movements in the German mark/US dollar exchange rate for the period January 1986 through December 1990. Employs a historical simulation methodology to compare the performance of various strategies over this time frame. The results suggest that active approaches to exchange rate management warrant further attention.

We examine collaborative complexity arising from strategic alliances among competitors. In high technology industries, rapidly evolving and modular technologies increase the likelihood that collaborative alliances will develop between partners who also compete with one another. Partnering under these conditions involves choosing collaborative structures that foster the transfer and integration of some resources, while simultaneously protecting other resources from unintended transfer. Using resource-based, transaction cost, and industrial organization economic theories we develop a model to depict the risks and rewards of collaboration under different modes of competitive interdependence. Two dimensions underlie our conceptual model: resource interdependence and competitive interdependence. Resource interdependence is the degree of integration needed for the resources contributed by alliance partners as reflected in the nature of the resources and their co-specialization. Competitive interdependence gauges the similarity between partners in their overall strategic capabilities and customer markets. We conclude with a discussion of the contingent use of inter-organizational structures to enable partners to balance resource contributions and resource protection in collaborative-competitive relationships.

Across the world, the concept of social entrepreneurship is taking off. It is globally called as unconventional economic institutions in the era of neoliberalism. But, as everyone celebrates the advent of social entrepreneurship, there's an important question that must be answered: why the sudden spotlight upon it? Over the last two decades, there has been growing focus on social entrepreneurship. Social entrepreneurship is an attempt to re-embed social and ethical dimensions within the neoliberal paradigm. As a neoliberal actor par excellence, the social entrepreneur is reoriented to confidently mediate in society, to do good for those at the bottom of pyramid. The term ‘entrepreneurship’, in the capitalist model, signifies the capacity for wealth creation, the ability to maximize profit for the self and, for shareholders, an extremely competitive market. However, the prefix ‘social’ indicates responsibility towards the collective, and values of solidarity and cooperation. Social entrepreneurs invariably carry the weight of the economic and political predicaments of the modern world; they are the descendants of neoliberal entrepreneurship, yet at the same time they confront some of its foundational pillars. In this chapter, the authors attempt to understand how a social entrepreneur mobilizes a series of values that articulate an alternate imagining of the neoliberal global order.

In this chapter the author studies the capital market efficiency hypothesis and checks whether the stock price adjustment dynamics is instantaneous, continuous, and linear or not. In particular, the author proposes to analyze the stock price evolution while taking into account the presence of transaction costs, the coexistence of heterogeneous investors, and the interdependence between stock markets. On the one hand, he provides strong evidence to suggest that the efficiency hypothesis is rejected. On the other hand, he proves that the stock index adjustment is rather discontinuous, asymmetrical, and nonlinear. Using threshold cointegration techniques, he proposes a new nonlinear modeling to reproduce the CAC40 adjustment dynamics that not only replicates the French market adjustment dynamics in the presence of market frictions but also captures the interdependence between the French and American stock markets, highlighting the reaction of French shareholders in relation to the changes in the behaviour of American speculators.

As the pressure to win and generate revenue and as the allegations of out-of-control spending continue to increase, there exists much interest in intercollegiate athletics. While researchers in the past have investigated specific issues related to athletics success, revenue generation, and graduation rates, no previous studies have attempted to evaluate these factors simultaneously. This chapter discusses the development of a data envelopment analysis (DEA) model aimed at measuring how efficient university athletic departments are in terms of the use of resources to achieve athletics success, generate revenue, and promote academic success and on-time graduation. Data from National Collegiate Athletic Association (NCAA) Division I Football Bowl Subdivision (FBS) universities are used to evaluate the relative efficiency of the institutions. The model identifies a series of “best-practice” universities which are used to calculate efficient target resource levels for inefficient institutions. The value of the proposed methodology to decision makers is discussed.

Discusses pricing decision making, one of the oldest marketing topics, including several pricing methods. Presents a strategic pricing framework, developed from pricing literature. Presents rules for evaluating strategic pricing alternatives. Offers a model for marketers to explain and improve pricing decision‐making.

The purpose of this paper is to explore critically the potentially harmful business of professional wrestling in the USA as state-corporate crime.

This paper comprises desk-based research of secondary sources. The lack of official data on the harms experienced by professional wrestlers means that much of the data regarding this is derived from quantitative and qualitative accounts from internet sites dedicated to this issue.

A major finding is that with regard to the work-related harms experienced by professional wrestlers, the business may not be wholly to be blamed, but nor is it entirely blame free. It proposes that one way the work-related harms can be understood is via an examination of the political economic context of neo-liberalism from the 1980s onwards and subsequent state-corporate actions and inactions.

The paper raises questions about the regulation of the professional wrestling industry together with the misclassification of wrestlers’ worker status (also known as wage theft and tax fraud) and the potential role they play in the harms incurred in this industry.

The potential wider social implications of the misclassification of workers are raised.

The originality and value of this paper is the examination of work-related harms within the professional wrestling industry through the lens of state-corporate crime.

Drawing findings from the river erosion-prone district Bhola in Bangladesh, this study presents the nature and causes of human displacement and the types of resilience livelihood options for reducing risks caused by river erosion. The study used a quantitative research approach, in which a survey was employed. Data were collected through face-to-face interviews with 371 heads of households from three unions of three Upazilas (sub-divisions) in the Bhola District. Results showed that 95% of the households were displaced by river erosion, 54% of them were displaced two to four times in the last five years, 30% of the households were displaced to embankments, and 22% were displaced to their relatives’ houses. Nearly 70% of the households reported river erosion as a main cause and 42% referred other disasters. Regarding livelihood options, 47% of the households desired to engage in fishing labour, 44% in day labour, and 33% in independent fishing. During river erosion, 93% of the household members had to engage in income-generating activities, and one-half of them had to change their livelihood options. Finding new livelihood options and resilience strategies to reduce displacement would be an important guideline for disaster managers, policy-makers, and development practitioners.