International Journal of Markets and Business Systems (7 papers in press)
RECOGNITION OF FOOTBALL PLAYERS CONTRACTS BY MEANS OF THE ACTIVE MARKET
by Nicoleta Maria Ienciu, Ionel-Alin Ienciu
Abstract: The paper provides a theoretical analysis based on the idea that the active market (which suppose the existence of a large volume of transactions) is the main determinant of human capital recognition in the financial statements within football industry. The study represents a general review of the authors concerning the situation of players' contracts registration which may influence the management decision processes of companies operating inside and outside of the football arena. In particular, the paper can help the managers of firms operating in other industries than football to discover insights about the possibilities of recognition of human capital rights in the financial statements. As a research method we have used the archive method for documents such as UEFA Club Licensing and Financial Fair Play Regulations and Regulations on the Status and Transfer of Players. The paper contributes to the existing literature by analyzing, in a descriptive way, the situation of football players rights being recorded in the financial statements in order to inform future research in the field. In addition, the study highlights the role of active market in disclosing information within financial statements and the differences existing between football players and employees from companies operating in other industries than football, in terms of the labour contract.
Keywords: football industry; active market; human capital; football players’ contracts; transactions.
From a traditional Steel Producer towards an Industrial-Product-Service Systems Provider in the German Offshore Wind Market A System-oriented Practical Case Study
by Evgenija Ries, Lisa Grandjean, Marion Steven
Abstract: Globalisation and overcapacities lead to increasing competition within the steel market. Hence, steel producers are forced to enter promising markets like the offshore wind market. Moreover, they have to offer innovative products like Industrial Product-Service Systems (IPS
Keywords: steel producers; steel market; German offshore wind market; new markets; Industrial-Product-Service Systems; holistic solutions; business models; business strategy; requirement of competencies; System Dynamics approach; practical case study.
A STUDY OF STORE AND RETAIL ATTRIBUTES INFLUENCING THE YOUNG INDIAN CONSUMER BUYING DECISION
by Shalini Yadav, S.K. Garg
Abstract: Retail in India, as well as globally, is changing and passing through a critical phase. The young consumers choice and demand have changed and evolved over time. Hence, the purpose of this paper is to search for the composition of attributes that influence the young generation buying intention in Delhi. A sample of 361 college students of an Indian university participated in the survey. The data obtained was analysed using descriptive stats and exploratory factor analysis (EFA). The price-sensitive young Indian consumer now looks for quality and is willing to pay more for it. At the same time, with the increase in the number of working women, attributes like easy accessibility and convenient location have become crucial. The respondents assigned different weight to factors indicating their significance and the internal pattern of the factor also voices interesting configuration.
Keywords: Consumer; Retail attributes; Store attributes; Factor analysis; Gender; and Retailing.
Understanding the Effects of Exchange Rates on the Cost of Living for Expatriates and Ordinary Residents in Singapore and Hong Kong
by Khee Giap Tan, Luu Nguyen Trieu Dong
Abstract: It is important to factor in the effect that exchange rates have on cost of living rankings while computing cost of living indices, as conversion of local prices into a common currency is imperative for any ranking of cities in different parts of the world. Considering that such computations are going to be affected by exchange rate levels in the different cities, this paper empirically analyses the cases of Singapore and Hong Kong to understand the impact of exchange rates on their cost of living rankings. Our simulation analysis for these two global Asian cities shows that exchange rate fluctuations have a significant impact on the cost of living rankings for both expatriates and ordinary residents. In addition, our study indicates that cities in the developed Western countries are more expensive for ordinary residents than cities in less developed countries elsewhere, especially in Asia. We attribute this to structural differences in labour cost between these two sets of countries.
Keywords: Cost of living; expatriates; ordinary residents; exchange rates.
Providing a general framework about spin-off success factors in complex environments
by Walter Vesperi, Davide Di Fatta, Camilo Andres Toledo Parra
Abstract: Abstract Spin-off organizations are the main vehicle for knowledge transfer from universities and/or High Educational Institutions (HEIs) to the economic system. Spin-off firms are complex phenomenon which requires particular conditions to its creation, survival and development. \r\nIn the last decade, the scientific debate recognized the importance and the role of spin-off organizations, but the main factors and actors that impact on their creation, survival and development are not always clear. This paper aim to fill this gap, shedding light on this black box. In a first step, this research will identify the main success factors for creation of spin-offs. In the second step, the relationship between these variables and the spinoff will be theorized.\r\nThe originality of this investigation lies in offering a systemic framework about main factors of the spin-off in complex environment, providing not only a theoretical contribution but also useful practical implications such as: highlighting the characteristics of the spin-off system, to formulate new policies for the growth of these organizations; to provide concrete information for the development of a research-innovation-enterprise system.
Keywords: Spin-offs; universities; complex environment; success factors; systems.
Enabling actors viable behaviour: Reflections upon the link between viability and complexity within Smart Service System
by Francesco Polese, Luca Carrubbo, Roberto Bruni, Francesco Caputo
Abstract: Over the time an increasing attention has been paid to concept of complexity but a clear definition of their implication and useful guidelines to manage its dynamics seem to be still missing in managerial studies. With the aim to bridge this gap, the paper aims to link the conceptual framework provided by the Systems Thinking (ST) and Service Science (SS). The attention is focused on the role of viability in supporting a better understanding and managing of internal and external complexity with specific reference to the domain of Smart Service Systems (SSS). Building upon a multi-disciplinary conceptual framework, the paper traces some reflections to address decision makers strategies and behaviours in managing SSS with the aim to increase opportunity for survival through a better understanding of logics and dynamics of complexity.
Keywords: Systems Thinking; Service Science; Smart Service Systems; Viability; Complexity.
Market Entry Barriers and Firm Performance: higher-order quadratic interaction effects of capital requirements and firm competence
by Fahri Karakaya, Satyanarayana Parayitam
Abstract: Barriers to entry prevent new market entrants from entering markets while protecting incumbent firms. Previous research indicate that there is relationship between barriers and firm performance. Most of the previous studies are broad and explain barriers and firm performance relationship in generic terms. This research examines the interrelationships of barriers to market entry, capital requirements, business environment, competitive advantage of incumbent firms, and firm competence on firm performance. Interaction effects among barriers to entry on firm performance have not been studied before. The study utilizes the resource based view as a theoretical framework in support of hypotheses. The study supports the higher-order quadratic interaction effects of (1) a strong positive effect of competitive advantage and capital requirements on firm performance, and (2) a moderate negative effect of business environment and capital requirements on firm performance.
Keywords: barriers to entry; market entry; capital requirements; firm competence; competitive advantage; business environment; incumbent firm advantage.