infonet-economy

This paper examines and compares wine price indices available on the wine market with those proposed in academia. We especially analyze the impact illiquidity has on the different indices and validate our findings using a simulation which allows us to define the biases induced by illiquidity on the statistical properties of the indices. We also propose adjustments to help market...

We take an exploration-exploitation perspective on international diversification. Specifically, we suggest that, since changes in international diversification are typically related to exploration or exploitation-related motives (e.g., exploring new knowledge or exploiting existing knowledge) and since both motives show self-reinforcing effects, international diversification...

Collaborative consumption based on the sharing economy concept is no doubt becoming critical to the way people travel. Airbnb is a notable case to exhibit how online (P2P) platforms have helped individuals to rent out their extra living spaces to people from around the world. This study tried to understand the impact of the destinations’ characteristics on the price determinants of...

This study examines how hospitality students perceive ethics, corporate social responsibility (CSR), and sustainability (ECSRS) with regard to their current academic program and future career. Previous literature has shown an evolution in higher education institutions to implement ECSRS topics into their curriculum. This quantitative study measured 202 first-year students’ levels of...

Building on our review of the strategy process and practice research, we identify three ways to see the relationships between the two research traditions: complementary, critical, and combinatory views. We adopt in this special issue the combinatory view, in which activities and processes are seen as closely intertwined aspects of the same phenomena. It is this view that we argue...

There is a growing body of evidence that many entrepreneurs seem to enter and persist in entrepreneurship despite earning low risk-adjusted returns. This has lead to attempts to provide explanations—using both standard economic theory and behavioral economics—for why certain individuals may be attracted to such an apparently unprofitable activity. Drawing on research in behavioral...

In this paper we empirically examined the role of fiscal rules in mitigating the impact of oil market fluctuations in resource-rich economies using a structural panel VAR framework following P. Pedroni (2013) and incorporating identification scheme of Kilian (2009). Our key findings can be summarized as: l) oil exporting developing countries exhibit procyclical respond to positive...