Institutional legacies in TNCs and their management through training academies: the case of transnational law firms in Italy

In this article we highlight the effects of heterogeneous institutional contexts on transnational professional service firms, a relatively poorly studied issue. Specifically, we provide empirical analysis of how the specificities of the Italian institutional context affect the activities of English legal professional service firms in Milan. This reveals the intimate connection between a variety of capitalism, place specific workplace cultures and practices, and the institution‐related challenges transnational professional service firms and all transnational corporations (TNCs) face. We also reveal the way institutionally generated differences at the level of work practices are managed in transnational law firms through worldwide training programmes designed to ‘govern’ the practices of workers in different parts of the TNC's network. This emphasizes the importance of studying attempts to manage institutional heterogeneity at the level of workplace practices, something often missed in existing mesoscale studies of TNC governance structures. Consequently, we highlight detailed empirical archaeologies that explore the direct links between institutions and practices as an important component of future research on the effects of institutions on TNCs.     

SOME LIKE IT HOT: INDIVIDUAL DIFFERENCES IN RESPONSES TO GROUP FEELING THERMOMETERS

In this paper we explore the nature and causes of individualdifferences in the use of feeling thermometer items to evaluatesocial groups. Some respondents have a general tendency to assignhigher overall temperature readings and some tend to use a widerrange of the temperature scale. These tendencies are partiallyunderstandable in terms of the respondent's evaluations of socialgroups, but other important predictors are identified. Methodsof adjusting feeling thermometer scores to account for individualdifferences are explored, using data from the 1984 AmericanNational Election Study. The conclusion is that some sort ofadjustment is probably useful for those studying supportersof conservative groups, though such a procedure may not be neededfor those who focus on liberal groups.     

The Taking of a Position: A Reinterpretation of the Elaboration Likelihood Model

This article explains how data associated with attitude change and persuasion in mainstream psychology and social psychology can be reinterpreted as evidence of the agentive ability of taking a position. A critical review is made of the elaboration likelihood model and a position model is adapted from positioning theory. The postulates of the elaboration likelihood model are then subjected to critical scrutiny by means of comparison with our position model. In this way regularities associated with attitude change and persuasion are interpreted as evidence of a deliberative process, involving negotiation and the use of supporting and opposing arguments. We present this as evidence of the commonly held agentive ability to position oneself and anticipate the positions of others.     

RELIABILITY OF STATED PREFERENCES FOR CHOLERA AND TYPHOID VACCINES WITH TIME TO THINK IN HUE,VIETNAM

We examine the effect of giving respondents time to think about their stated choices (SC) in a survey of cholera and typhoid vaccine preferences in Hue, Vietnam. Because neither vaccine is widely available in Vietnam, we used the SC approach (a stated preference technique) and gave half of our respondents overnight to think about their choices to make the hypothetical valuation scenario as similar to a real‐life choice situation as possible. Respondents who were given extra time made fewer choices that violated internal validity tests of utility theory, and had lower average willingness to pay (WTP), confirming a result found in similar studies in the contingent valuation literature. (JEL D12, I18, C25)     

THE REACTION OF INTEREST RATES TO UNANTICIPATED FEDERAL RESERVE ACTIONS AND STATEMENTS: IMPLICATIONS FOR THE MONEY ANNOUNCEMENT CONTROVERSY

This paper examines the reaction of long- and short-term interest rates to monetary policy surprises that influenced market expectations of the future behavior of the federal funds rate in the period after October 1979. We find that the relative reaction of long- and short-term rates to policy surprises is similar to the relative reaction of these rates to money announcements. Consequently, we conclude that the large reaction of long-term interest rates to money announcements in the period after October 1979 is consistent with the "policy anticipations hypothesis" which views this reaction as a movement in real interest rates.     

THE IMPACT OF INVESTIGATIVE REPORTING ON PUBLIC OPINION AND POLICYMAKING TARGETING TOXIC WASTE

This article reports the fourth in a continuing series of casestudies that explore the impact of news media investigativejournalism on the general public, policymakers, and public policy.The media disclosures in this field experiment had limited effectson the general public but were influential in changing the attitudesof policymakers. The study describes how changes in public policymakingresulted from collaboration between journalists and governmentofficials. The authors develop a model that is a beginning steptoward specifying the cond6itions under which media investigationsinfluence public attitudes and agendas.     

The Abduction of Credibility: A Reply to John Paley

Correspondence to Liz Kelly, Child and Woman Abuse Studies Unit, Ladbroke House, 62-66 Highbury Grove, London, N5 2AD Summary This response takes issue with John Paley's paper ‘SatanistAbuse and Alien Abduction’ (this issue) in a number ofareas: his definition of Satanic ritual abuse (SRA); the parallelshe draws between SRA and alien abduction; his assertions thatthere is no evidence of SRA and that accounts of SRA can beviewed as urban legends; and his ‘temporal lobe connection’conclusion.