AIB 2012 Conference Proceedings - Academy of International ...

TUESDAY
are a strong cognitive program which only slightly changes with international experience, but seems to be good
way to create cooperative outcome in an international setting. (For more information, please contact: Ursula F.
Ott, Loughborough University, United Kingdom: u.f.ott@lboro.ac.uk)
Combining Two Complementary Systems Approaches to Conflict in Multinational Mergers: A Japanese-
American Merger as an Extreme Test Case
Patricia (Tish) Robinson, Hitotsubashi University
Mergers and acquisitions between multinational firms often entail conflict. Due to the organizational complexity
involved, a systems perspective is useful in approaching the organizational change often necessary to address
this conflict. This paper explores the nexus of two models of organizational systems set out by William Isaacs
and Arnold Mindell. It applies these models jointly to assess and then implement organizational change around
conflict in mergers and acquisitions between American and Japanese multinational firms operating in Japan.
The paper proceeds on the premise that resolving organizational conflict at a deep level often involves deepseated
change. These two models complement each other and enhance our ability to diagnose where
organizational change needs to occur and how we might address conflict. Drawing on participant observation,
this study develops and pilot tests an application for facilitating organizational dialog around conflict and
organizational change, based on Arnold Mindell's Process Work model of group facilitation. The framework
proposes several major concepts: 1) primary and secondary identities; 2) roles and polarities; and 3) how the
marginalization of views can spawn conflict. (For more information, please contact: Patricia (Tish) Robinson,
Hitotsubashi University, Japan: probinson@ics.hit-u.ac.jp)
Session: 3.1.8 - Competitive
Track: 10 - Economics, Finance and Accounting
Exchange Rates and International Finance
Presented On: July 3, 2012 - 09:00-10:15
Chair: Robert Grosse, George Mason University
Exchange Trading Rules, Surveillance and Insider Trading
Feng Zhan, York University
Douglas Cumming, York University
Michael Aitken, ASB, University of New South Wales
We examine the impact of stock exchange trading rules and surveillance on the frequency and severity of
suspected insider trading cases in 22 stock exchanges around the world over the period January 2003 – June
2011. Using new indices for market manipulation, insider trading, and broker-agency conflict based on the
specific provisions in the trading rules of each stock exchange, along with surveillance of such rules, we show
that differences in exchange trading rules and surveillance over time and across markets significantly affect the
frequency and severity of insider trading. Surveillance reduces the number of cases and profits per case.
Exchange trading rules reduce the number of cases but increase the profits per case. (For more information,
please contact: Feng Zhan, York University, Canada: fzhan09@schulich.yorku.ca)
Exchange Rate Movements and Firm Dynamics in Retail Trade Industries
Jen Baggs, University of Victoria
Loretta Fung, National Tsing Hua University
Beverley Lapham, Queen's University
Eugene Beaulieu, University of Calgary
AIB 2012 Conference Proceedings
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