A SOCIO-COGNITIVE BASIS FOR STRATEGIC GROUPS: COGNITIVE DISSONANCE IN SWINE GENETICS

Institutional and Behavioral Economics, Livestock Production/Industries,

Should all Stakeholders be Treated Fairly? Identifying Stakeholders that Legitimately Matter

A key contribution of stakeholder research is that a firm’s purpose and objective is influenced by those stakeholders who have a legitimate stake in a firm’s business activities. Yet, identifying those that have a legitimate stake remains a challenge in stakeholder research. This research draws on legitimacy arguments to explain how stakeholders develop accountability and reliability in their legal and moral claims and how legitimacy influences a firm-manager’s obligations of fairness to these stakeholder groups. A concept of directness, consisting of close and relational specific exchanges, is introduced to explain this legitimation process. Directness offers accountability and reliability when an obligation of fairness is owed to those stakeholders that have a legitimate stake to a firm’s business activities. This directness-legitimation process influences a firm-manager’s fairness obligations and provides an important normative underpinning to the stakeholder concept

Toward Better Defining the Field of Agribusiness Management

Agribusiness management, authority, bounded rationality, diversified growth, resources., Agribusiness, Resource /Energy Economics and Policy, Q1,

Valuing Strategic Alliances in the Pharmaceutical/Biotechnology Industry

In an era of rapid and changing technological advances, a firm's survival and growth depends on its' ability to introduce products to the market. Since a firm's growth and survival depends on its' ability to develop products and services over time (Penrose, 1959), the question posed by this study is what determines a firm's ability to introduce products to market? In this study, a firm's ability to introduce product to markets are influenced by its' "absorptive capacity" to identify and internalize the resource benefits of its' alliance partners. Such an integrated view is absent in firm level and strategic alliance studies of product development. A conceptual model of firm product introductions is developed and empirically tested. Results generally support the hypotheses of this study.Research and Development/Tech Change/Emerging Technologies,

A COEVOLUTIONARY APPROACH TO UNDERSTANDING THE PARADOX OF SOCIAL PRESSURES VERSUS ECONOMIC EFFICIENCY ACROSS THE WORLD'S FOOD CHAINS

Institutional and Behavioral Economics,

Learning to Learn: A Case for the Heterogeneous Expectations Hypothesis in Industrialized Markets

A cobweb model is developed where the heterogeneous expectation hypothesis is examined. An agent’s heterogeneous expectation involves the development of a “higher ordered learning” process in which agents over time develop expectations that are consistent with rational expectations. In addition, as cob web models are production based systems, an agents’ heterogeneous expectations are influenced by a specialization of activities. The case of the industrialization of the U.S. hog-pork industry is used to illustrate the influence of these features on the equilibrium and non-equilibrium properties of a modified cob-web model

INCENTIVE INCOMPATIBILITY IN CO-OPERATIVE AGRIBUSINESS FIRMS IN CANADA: DOES SUPPLY MANAGEMENT MATTER?

Agribusiness,