Perceptions of strategic value and adoption of e-Commerce: a theoretical framework and empirical test

Author(s):  
Elizabeth E. Grandón ◽  
J. Michael Pearson
2014 ◽  
Vol 74 (1) ◽  
pp. 115-132 ◽  
Author(s):  
Feng Wu ◽  
Zhengfei Guan ◽  
Robert Myers

Purpose – The purpose of this paper is to provide a unified theoretical framework that explains farm capital structure choice. Design/methodology/approach – The framework accommodates different credit access scenarios and heterogeneous risk profiles of borrowers. It recognizes that the costs of capital are endogenously determined, reflecting the degree of credit risk and accessibility to credit markets. Based on the proposed model and the comparative statics derived thereof, the paper empirically tests the impacts of different factors on capital structure choice. Findings – Based on the theoretical framework, the paper derived the impacts of different factors on capital structure choice using comparative statics. Results suggest that the potential determinants of capital structure have varying effects at different ranges of leverage. Empirical evidence supports the theoretical model. Originality/value – Despite all of previous work on various aspects of farm capital structure choice, a framework that encompasses each of the different assumptions and scenarios is still lacking. The theoretical model integrates credit risk models and accommodates endogenous cost of capital, providing a comprehensive framework for studying farm capital structure choice and its determinants. The results provide insights that could help policy makers and lenders develop effective instruments to manage, monitor, and influence the financial leverage of farms at different quantiles of debt ratio.


1989 ◽  
Vol 2 (2) ◽  
pp. 189-212 ◽  
Author(s):  
Donald A. Wehrung ◽  
Kam-Hon Lee ◽  
David K. Tse ◽  
Ilan B. Vertinsky

Author(s):  
Melisa Erdilek Karabay

While the fostering effect of globalization continues, the traditional perspectives of corporations regarding competition lose their significance as the conventional strategies have started to give way to new approaches in the business world. Many firms have realized the fact that it is fundamentally necessary to revise their competitive strategies to maintain their sustainability. Therefore, “innovation,” one of the emerging strategies of competition, has globally become more and more dominant. However, the debate on the strategic value of innovation is still ambiguous not only in the theoretical framework but also in practice. The main purpose of this chapter is to make clear the theoretically informed definition of “innovation” and express its potential for providing competitive advantage in the financial sector. The chapter discusses some of the main scholarly sources of the issues related to the innovation strategies supported by the cases in the Turkish Banking and Insurance Industries.


1980 ◽  
Vol 47 (1) ◽  
pp. 204-206
Author(s):  
Philippe C. Duchastel

Illustrations in a text were hypothesized to enhance long-term memory of the text. The experiment varied the availability of illustrations (an illustrated prose passage versus a non-illustrated passage) and delay of retention (immediate posttests versus posttests given 2 wk. later). The passage was a short text on energy and the participants were high-school students. Illustrations did not enhance retention, which suggests the theory upon which the hypothesis was based needs to be refined. The functionally oriented theoretical framework was shown to be amenable to empirical test.


Author(s):  
Melisa Erdilek Karabay

While the fostering effect of globalization continues, the traditional perspectives of corporations regarding competition lose their significance as the conventional strategies have started to give way to new approaches in the business world. Many firms have realized the fact that it is fundamentally necessary to revise their competitive strategies to maintain their sustainability. Therefore, “innovation,” one of the emerging strategies of competition, has globally become more and more dominant. However, the debate on the strategic value of innovation is still ambiguous not only in the theoretical framework but also in practice. The main purpose of this chapter is to make clear the theoretically informed definition of “innovation” and express its potential for providing competitive advantage in the financial sector. The chapter discusses some of the main scholarly sources of the issues related to the innovation strategies supported by the cases in the Turkish Banking and Insurance Industries.


2010 ◽  
Vol 277 (1691) ◽  
pp. 2205-2210 ◽  
Author(s):  
Maud C. O. Ferrari ◽  
Grant E. Brown ◽  
Gary R. Bortolotti ◽  
Douglas P. Chivers

Hundreds of studies have examined how prey animals assess their risk of predation. These studies work from the basic tennet that prey need to continually balance the conflicting demands of predator avoidance with activities such as foraging and reproduction. The information that animals gain regarding local predation risk is most often learned. Yet, the concept of ‘memory’ in the context of predation remains virtually unexplored. Here, our goal was (i) to determine if the memory window associated with predator recognition is fixed or flexible and, if it is flexible, (ii) to identify which factors affect the length of this window and in which ways. We performed an experiment on larval wood frogs, Rana sylvatica , to test whether the risk posed by, and the uncertainty associated with, the predator would affect the length of the tadpoles' memory window. We found that as the risk associated with the predator increases, tadpoles retained predator-related information for longer. Moreover, if the uncertainty about predator-related information increases, then prey use this information for a shorter period. We also present a theoretical framework aiming at highlighting both intrinsic and extrinsic factors that could affect the memory window of information use by prey individuals.


2007 ◽  
Vol 22 (3) ◽  
pp. 5-26 ◽  
Author(s):  
Hélène Yildiz

Researchers have paid scant attention to the obligation of marketers to obtain prospective customers' permission to use e-mail as a marketing tool. To clarify the authorization process, we apply the psychosocial theory of commitment and consider the mediator role of trust. We demonstrate that the prospective customer, by filling out an authorization form, places confidence in his applicant and commits himself for the future. The prospective customer should thus accept more easily new authorization requests from this applicant and develop in its favor longer term loyalty commitment. An empirical test of these assumptions, realized through experimentation, consolidates these theoretical proposals.


2017 ◽  
Vol 30 (1) ◽  
pp. 1-31
Author(s):  
Jasman Tuyon ◽  
Zamri Ahmad

This article provides an alternative theoretical framework to explain investors’ irrational behaviours in finance theories (mainly asset pricing) based on psychoanalysis approach. This is an approach used by psychoanalysts and psychiatrists to investigate human minds. The investigation is facilitated by interdisciplinary theories, namely (a) bounded rationality theory which differentiates intuition and reasoning, (b) prospect theory which explains framing and valuation and (c) theory of mind which divides behavioural risks into cognitive heuristics and affective biases. These theories collectively explain the origin of irrational behaviours. Additionally, (d) the ABC (Activating–Beliefs–Consequences) model is also used to interpret the causes and effects of irrational behaviours on investors and market behaviour. Last theory, (e) the dual system model of preference is used to conceptualize the bounded human mind that contains both rational and irrational elements. The proposed theoretical framework provides the theoretical foundation of investors’ irrational origin, forces, causes as well as their systematic effects on investors, asset prices and stock market behaviours dynamism. The validity of the theoretical framework is supported by empirical test using a representative of emerging stock market data and behavioural risk proxies.


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