This study examined effect of partnering, infrastructure gaps and currency weakness on the implementation cost of infrastructure-building nonmarket strategy. Limited knowledge on cost of nonmarket strategy existed, leading to absence of meaningful understanding of the business competitive and performance benefits of its implementation. The study was conducted in the mining sector of the South African emerging market, characterized by unavailable or underdeveloped business aiding infrastructure and ageing physical infrastructure. Nonmarket strategy has performance and competitiveness benefits from its implementation as reported in previous studies. Other studies examined its integration with market strategy, taxonomies, antecedents, and internationalization. No studies had examined the implementation cost of nonmarket strategy. To address the gap, hypotheses were developed to answer the research question: what are the effects of strategy option, institutional & economic factors on the cost of infrastructure-building nonmarket strategy implementation? A quantitative method embedded in a cross-sectional survey design using a snowball non-probability sampling technique was used to collect data from 239 participants. Analysis using factor analysis and structural equation modelling showed a positive relationship between a partnering strategy option and cost of implementing infrastructure-building nonmarket strategy likely driven by the absence of: contractual agreements; political ties and networks; project management; regulatory requirement understanding; and capacity building among partners. The relationship with institutional & economic factors was not significant likely driven by the fact that these factors are embedded in the business environment and participants perceived no impact. This study has made significant progress toward the understanding of the cost of implementing nonmarket strategy, as well as providing meaningful understanding of its perceived organizational performance and competitiveness benefits. The study illuminates a surprising observation, where the natural expectation is that partnerships would lower cost of implementing an infrastructure-building nonmarket strategy. Contrary to this expectation the study shows that a partnering relationship increases cost suggesting antecedents that drive the direction of the relationship. Future research can focus on a single set of factors among strategy options, institutional factors, economic factors, as well as examine the antecedents on the relationship with cost of implementing nonmarket strategy. / Thesis (PhD)--University of Pretoria, 2018. / Gordon Institute of Business Science (GIBS) / PhD / Unrestricted

Arsenic contamination of drinking water is a serious public health issue in many areas of South and South East Asia. One study estimates that in Cambodia over 100,000 people are exposed, with the majority of those living in Kandal Province. In this thesis we present 3 original empirical studies focused on estimating nonmarket values for reduced arsenic risk water, based on primary data collected in May 2013. We also present a review paper which discusses the various economic techniques which have typically been used to estimate welfare values for cost-benefit analysis of mitigation strategies or appraisal of drinking water standards. The first empirical paper presents the results of a discrete choice experiment (DCE)to estimate willingness to pay (WTP) values for reduced arsenic water. We discuss the results of scale-extended latent class choice models and underlying differences in preferences and choice consistency. We find that a reduction in the permissible limit on arsenic in drinking water may best represent underlying household preferences for risk. The second empirical paper presents the results of a split sample choice experiment focusing on differences between money (WTP) and labour contributions (WTWork) as payment vehicles in terms of choice behaviour and attribute non-attendance. We find that the results from the two experiments are relatively consistent which reinforces our results from the previous chapter that focuses on WTP measures alone and adds credibility to the large numbers of DCEs conducted in rural areas of developing countries. The final empirical paper examines actual household behaviour relative to an arsenic testing and education campaign run by a local NGO. We find that the vast majority of households change their drinking water source upon being informed that it is unsafe. On average households that switch increase their expenditures. In doing so however they also reduce the amount of time spent collecting water which limits the use of expenditure changes as an approximation of welfare values.

The essays in this dissertation represent theoretical and empirical contributions to urban economics and regional science, focusing on the growing importance of nonmarket interactions. There is increasing evidence that the process of globalization is rendering the world "spiky" rather than "flat". Nonmarket interactions, such as knowledge spillovers, innovation or amenity-based externalities, play a central role in this process. As economic activity is not evenly spread across space, a detailed understanding of the economic linkages between regions is key to the design of effective public policy. This is particularly important in the context of economic linkages between regions or cities, highlighting the key adjustment mechanisms -- via both market and nonmarket transactions -- and their long-run implications for incomes, the cost of living, and the spatial distribution of population. Both the neoclassically-grounded field of urban economics and the rapidly expanding New Economic Geography (NEG) literature pioneered by Krugman offer a variety of models and (not infrequently competing) predictions about the factors and processes that shape the spatial structure of the economy. At the same time, the dialogue between qualitative and quantitative discourses in regional science has been marred by an increasingly embittered dispute over methodology. While acutely pronounced in economics, this development has re-shaped large parts of its sister disciplines as well, particularly sociology and geography. Across the board, proponents of quantitative science methodology increasingly likened themselves to their natural science counterparts, whereas qualitative methods had become the last bastion of "true social scientists". Today, these so-called "science wars" have rendered "qualitative" and "quantitative" analysis into almost mutually exclusive concepts. / Ph. D.

Farmland preservation has long been viewed by the public as a worthwhile endeavor. A public program can be set up to bring willing buyers and sellers together to facilitate the transfer of development rights. The farmer is paid for the opportunity cost of forfeiting the development rights to the land, while the general public is taxed the amount of their total benefit created by the existence of farmland. Through the data from an attribute-based choice survey (conducted in four geographic areas) the willingness-to-pay (WTP) of the public to preserve farmland that exhibited certain attributes, was estimated. The attributes included different use (grain, hay, vegetable, pasture, forest), location (near urban), quality (prime), size (varied acreage relative to geographic area sampled), and cost (varied costs from $3 to $50) components. Selection bias was tested for in order to confirm that the respondents are an unbiased representation of the geographic areas sampled. If selection bias was present, it would need to be corrected for in order to aggregate the survey results to the population of the geographic areas. Selection bias was tested for using a bivariate probit model with sample selection, a variation on the Heckman correction model. Selection bias was not significant, so the choice model was estimated using a probit model. The response was dependent on the use, location, quality, size, and cost components. Based on the parameter estimates, the geographic areas were compared using the scale parameter. A variation of the Swait and Louviere method was used to find the optimal scale parameter ratios between pair-wise geographic areas. Heterogeneity of the parameter estimates as well as heterogeneity of variances was tested. Prime farmland was significant and positive in all geographic areas, suggesting it should be included in the national ranking criteria for a farmland preservation program. WTP by household for each attribute was reported. Additionally, the WTP was aggregated to provide a hypothetical range of the monetary benefit farmland provides for the residents of each geographic area. / Master of Science

Firm behavior and performance has become increasingly susceptible to the influence of secondary stakeholders—namely community activists, advocacy groups, religious organizations, and other non-governmental organizations that often represent a broader social movement. Despite recent suggestions that secondary stakeholder demands trigger an important two-sided interactive process between secondary stakeholders and their targeted firms, little theoretical or empirical attention has been placed on firm-sided factors that influence the dynamics and outcomes of these interactions, especially the role and influence of the firm’s top managers during these interactions. In this three-essay dissertation, I theorize about and examine the influential role that the firm’s top managers expectedly occupy within the interactions that occur between secondary stakeholders and the firms that are the targets of their demands. My dissertation contributes to advancing strategic management and organization research by (1) examining influential managerial attributes that influence their firm’s responsiveness toward secondary stakeholder activism, and (2) examining certain important consequences of managerial responses for secondary stakeholder behavior and the targeted firm.

i Charles University Faculty of Social Sciences Institute of Economic Studies MASTER'S THESIS Are Sharks Worth More Alive Than Dead? A Stated Preference Study on Shark Ecotourism in Costa Rica. Author: Bc. Alicia Maria Berrios Supervisor: Mgr. Milan Ščasný PhD. Academic Year: 2016/2017 ii Declaration of Authorship The author hereby declares that he compiled this thesis independently; using only the listed resources and literature, and the thesis has not been used to obtain a different or the same degree. The author grants to Charles University permission to reproduce and to distribute copies of this thesis document in whole or in part. Prague, January 01st , 2017 Signature iii Acknowledgments With boundless appreciation, I would like to extend my gratitude to Mgr. Milan Ščasný PhD., for his incredible support in writing this research. He spent a countless number of hours on this thesis work, and ultimately, this research wouldn't have been possible without him. I would also like to express my gratitude to Carlos Avila, for his generosity in helping me conduct the in-person interviews. I would also like to express my gratitude to Prof. Melville Saayman, who helped tremendously in the experimental design of this work. Thank you to Mgr. Martin Kryl for programming the survey instrument. Lastly, I would like to...

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By pursuing private and collective political action in the nonmarket environment, businesses attempt to influence public policy that shapes their operating environment. This dissertation considers how a firm’s market-based experience and its accumulation of political resources affect how the firm combines private and collective political tactics. Drawing on the resource-based view of the firm (RBV) I investigate how a firm’s alliance experience, political resources and prior collective political experience influence the autonomy of its Corporate Political Activity (CPA). I use fixed effects GLS regression with clustered standard errors to test my model on a panel of 21,329 firm/year observations of 2,779 U.S. property casualty insurance companies over the ten-year period between 2005 and 2014. I find support for the influence of state-level political resources, equity alliances, and the interaction of prior collective CPA experience with regulatory complexity and learning capacity on autonomy. My findings contribute to the growing literature connecting market and non-market strategies by linking collaboration in the political arena to the related market activity of alliance experience. Findings also contribute to our understanding of how participation in a collective provides opportunities for learning, and reveals that taking advantage of this opportunity depends on a firm’s learning capacity and the complexity of its regulatory environment. These findings add insight to the literatures on CPA, inter-organizational learning, collective action and trade associations.

Stakeholder management relates to how business organisations manage their relationships not only with their market stakeholders, but also with their nonmarket stakeholders. It requires firms and business managers to identify and develop effective strategies to balance the interests of many diverse groups or constituents. This requirement has of course been judged to be impractical by those who uphold narrow traditional views about how a firm operates; and is unsupported by those who believe that asking managers to focus on the interests or concerns of groups of constituents that do not directly contribute to the economic achievements or strategic objectives of a firm, is a distraction and an attempt to derail corporate objectives. However, in spite of the criticisms levelled against the notion of stakeholder management, firms can no longer ignore the fact that there are constituents who can affect, and are affected by their business objectives. The aim of this research is to illustrate the practical implications of stakeholder management by exploring how multinational oil corporations operating in the Nigerian oil and gas industry manage their relationships with nonmarket stakeholders; such as the local communities who are affected by their operations. In order to achieve the aims of this research, a case study approach has been adopted; the case study companies include Shell Petroleum Development Company (Shell), Total Exploration and Production (Total), and the Nigerian Agip Oil Company (AGIP). Furthermore, to achieve a balanced perspective regarding the stakeholder management practices of the oil companies, the research incorporates the views of stakeholders from local communities, and those from non-governmental organisations (NGOs). A mixed methods research strategy is employed in the data collection and analysis process to achieve not just triangulation, but also to assist in the comprehension of the research findings. The research established that each of the companies being studied has employed different stakeholder management strategies in order to manage their relationships with the local communities. The strategies employed by the companies, however, appear not to address the issue of environmental impact; the concern which triggered the breakdown in the relationship between the oil companies and the local stakeholders in the first place. They have instead mostly focused on ameliorating the socio-economic issues resulting from oil exploration and production activities, in part as a consequence of pressure from the local communities themselves. Additionally, the findings indicate that the companies have employed hostile and controlling engagement strategies such as intimidation, appeasement, and manipulation, when dealing with local community stakeholders. These strategies are believed to have undermined the quality of their relationship with the local communities. The most notable consequence of these engagement practices is damaged trust amongst community members, as well as between the communities and the oil companies. The findings of this research have strong implications for stakeholder theory, as well as future research into stakeholder management practices, particularly in relation to non-contractual or nonmarket stakeholders; they also shed light on several important practical issues in business management.

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