This article explores an examination of industry clusters from a systems perspective. We analyze Russia’s pharmaceutical clusters and India’s automobile clusters in terms of the systems concepts of holism, emergence, and open systems. We further consider the aspects of human capital...

Drawing on interviews with decision makers in multinational corporations (MNCs) in South Korea, we examine the role of informal networks in the social exclusion of women in the workforce. Although legislation in the country is in favor of gender equality, we found that informal barriers in the...

Purpose – The purpose of this paper is to elucidate information on what creates the different types of knowledge. Design/methodology/approach – In the conceptual model it is argued that the concept of social capital provides an interesting view on the creation of market-specific and...

This study investigates the direct and indirect effects of financial participation (FP) and participation in decision-making (PDM) on employee job attitudes. The central premise is that both financial participation and participation in decision-making have effects on job attitudes, such as...

Evidence from the U.S. and Europe suggests that current risk assessment tools used by researchers and financial professionals to determine individuals’ risk tolerance and provide suitable portfolio recommendations may be flawed due to “mis”perceptions of risk. Limited research has examined...

In a response to Block and Barnett (2012), this paper clarifies some misunderstandings about the concept of transitivity and shows its relation to rationality, asynchronicity of choice, and indifference analysis. It is demonstrated that Block and Barnett, contrary to their self-interpretation,...

We analyze how market-level characteristics affect the marketing-sales relationship within a departmentalized firm. We consider a firm where the sales department sets the price while the marketing department decides about investments into brand-building. We show that if the sales department's...

Czech Abstract: Článek zkoumá pojetí pravdy v ekonomii. Je argumentováno, že pravda je v ekonomii chápána jak ve smyslu korespondence, tak ve smyslu koherence. Konkrétně platí, že aplikovaná ekonomie pracuje s pojetím pravdy v prvním smyslu, kdežto teoretická ekonomie ve smyslu...

The paper argues that the communication gap between Austrian economics and the rest of the profession could be narrowed if only the Austrians became more mathematized. Benefits as well as costs of mathematization are presented: on the one hand, mathematics is a language which is universal, more...