Structural changes,competition and bank stability in Malaysia’s dual banking system

This paper assesses Malaysia’s competition landscape and its risk implications subsequent to conventional banking consolidation and Islamic banking penetration in the aftermath of the 1997/1998 Asian financial crisis. Employing a panel sample of conventional and Islamic commercial banks, it arrives at the following conclusions. First, the consolidation exercise, which has led to a significant reduction in the number of domestic commercial banks, has not stifled banking competition. Second, the paper provides empirical support for the competition-stability relationship, particularly for the conventional banking sector. Islamic banking sector risk appears to be neutral to market competition or market power, although there is limited evidence that it increases with overall market concentration. Finally, the analysis uncovers the risk-increasing effect of the Islamic banking market structure on the conventional banking sector. By contrast, conventional banking market concentration tends to reduce the credit risk of Islamic banks.     

智力资本对双元创新协同性的影响:高管团队行为整合的调节作用

首次探讨了智力资本与双元创新协同性(包括双元创新平衡性与双元创新互补性两个维度)之间的因果关系,以及高管团队行为整合对该关系的调节作用,提出了相关研究假设并建立了关系模型,通过问卷调查和统计分析对上述研究假设和关系模型进行了实证检验。结果表明,智力资本及其3个维度(人力资本、组织资本和社会资本)均与双元创新平衡性正相关。其中,人力资本和社会资本均与双元创新互补性正相关;智力资本与双元创新协同性及其两个维度(双元创新平衡性和双元创新互补性)均正相关;高管团队行为整合在智力资本与双元创新平衡性、双元创性互补性以及双元创新协同性间均发挥正向调节作用。     

技术性贸易壁垒的双重性质及其形成机制:理论假说与政策含义

技术性贸易壁垒具有性质上的双重性,政府干预可能出于基于市场失灵的目的或基于经济利益的目的.公共利益理论强调国际贸易中的市场失灵,认为基于市场失灵保护的技术性贸易壁垒可以提高资源的配置效率;俘获理论认为基于经济利益保护的技术性贸易壁垒可能导致国民净福利下降,政府政策的制订过程受到经济和政治双重因素的影响.     

Dual-branded hotels: Resource-based entry strategies in agglomerated markets

Despite the growing importance of dual-branded hotels, research on this trend is lacking. This study investigates the effect of resource-based entry strategies for dual-branded hotels vis-à-vis incumbent market competition on performance. Using a hierarchical linear model, we found that best performance is achieved by dual-branded hotels that pursue a diversification strategy by entering the market with one brand above and one brand below the mode class of the market. Dual-branded hotels can thus achieve competitive advantage by exploiting superior financial resources and tourism destinations are able to gain monetary advantage from resources employed by dual-branded hotels. This study extends current research on dual-branded hotels by investigating entry strategies and contributes to the resource-based view literature by investigating dual-brands’ resource exploitation and resource spillovers in agglomerated markets.     

城乡统筹制度的逆向安排及其矫正

城乡协调一体化的发展源于我们的户籍制度、社会保障制度、就业制度、农村土地制度与财税制度的创新与安排。推进城乡经济社会一体化的实质是统筹配置城乡资源,实现各种资源的有效合理流动,破除城乡二元结构的制度设计与安排。现实中的一些制度逆向安排,成为阻碍我国城乡统筹发展的深层次原因,要实现城乡统筹发展,必须打破这一逆向制度安排,实现城乡一体化制度的再选择。     

知识流动视角下协同创新联盟双元粘性对创新绩效的影响——一个有中介的调节模型

基于协同创新网络理论和知识管理理论,从知识流动视角深入剖析协同创新联盟双元粘性对创新绩效的影响,引入知识隐藏和知识吸收能力两个调节变量,构建“联盟双元粘性-知识流动-创新绩效”理论模型框架。通过对166家协同创新联盟企业样本数据进行分层回归分析,结果表明：硬技术粘性与软技术粘性对联盟企业创新绩效均产生正向影响,知识扩散和知识溢出在联盟粘性与创新绩效之间具有部分中介作用,知识隐藏与知识吸收能力的调节作用部分通过知识流动的中介效应实现,知识隐藏直接或间接正向调节双元联盟粘性与创新绩效之间的关系,知识吸收能力在知识扩散与创新绩效之间具有倒U型调节作用。基于上述结论,提出联盟企业应正确认识不同类型联盟粘性对创新绩效的影响,重视基于知识合理化隐藏的非正式契约构建,联盟合作后期适当增加网络节点、拓宽知识获取渠道,通过知识有序流动促使联盟稳定合作关系形成,从而带动创新绩效提升。     

Exit and transition: Exploring the survival status of Airbnb listings in a time of professionalization

This study analyzes the survival status of shared and non-shared listings in the peer-to-peer accommodation market. Using a large data set from Airbnb in Beijing, we identify 8640 shared listings and 50,741 non-shared listings. We then investigate the exit event and the identity transition event for both types of listings by applying a discrete-time hazard model. Our results suggest that, for the exit event, the two types of listings show significant differences in terms of survival determinants, including response time, tourism specialization, market volume, professionalization, and Covid-19. For the identity transition event, we find that internal flow exists in the market, mainly from shared listings to non-shared listings, and this flow is influenced by certain factors (i.e., capacity, facility, rating, reviews, minimum stay, service quality, tourism specialization, market volume, platform professionalization, and Covid-19).     

It is not merely a chat: Transforming chatbot affordances into dual identification and loyalty

Artificial intelligence (AI)-powered service chatbot functionality is changing to more effectively connect with customers in the era of digital marketing. As such, an understanding of how to enhance user perceptions and behaviors through interface design has become crucial. Using affordance actualization theory and social identity theory as a theoretical lens, this study explored how chatbot affordances affect consumer brand loyalty. Data were collected from 369 respondents who had at least one conversation with AI chatbots from a predetermined list of banks in Taiwan; the collected data were then analyzed using structural equation modeling. The results revealed that anytime–anyplace connectivity, information association, visibility, and interactivity affordances provided by chatbots positively influenced chatbot exploitation, which in turn affected perceived brand competence and perceived brand warmth. Furthermore, perceived brand competence influenced customer–chatbot identification and customer–brand identification, whereas brand warmth influenced customer–brand identification. Customer–chatbot identification also influenced brand loyalty both indirectly—through customer–brand identification—and directly. These findings are useful for assisting managers in various industries in the application of AI technologies to implement digital transformation strategies and improve customer services.     

The case against eliminating large denomination bills

When large denomination bills are preferred in illegal activities, what is the optimal policy response? We construct a dual currency model where illegal activity can be reduced by modifying the payment environment. In our model, legal (goods) traders are indifferent between small and large bills, but illegal (goods) traders face a lower transaction cost of using large bills in comparison to small bills because it is easier to conceal. We show that eliminating large bills can reduce illegal trade and its associated social cost. However, this pooling equilibrium is sub-optimal because the government can collect more seigniorage by allowing illegal traders to use large bills with a lower rate of return. When the transaction cost of using small bills for illegal traders is sufficiently large, a separating equilibrium, where legal traders use small bills and illegal traders use large bills, can maximize welfare by making an implicit transfer from the illegal traders to the legal traders.     

技术创新与商业模式创新二元耦合组织成长路径:华为30年发展历程研究

以华为技术有限公司为样本，对其30年发展历程进行案例分析，探索其知识驱动的技术创新模式和性格主导的商业模式创新两种创新模式，并归纳华为公司整合技术创新和商业模式创新而形成的二元耦合创新成长路径。研究发现：华为发展史分为创业期、国内发展期和全球布局期3个阶段，对应这3个时期，从知识与性格驱动视角，认为技术创新和商业模式创新包括3种模式;而华为公司创新成长依赖于其在技术创新和商业模式创新两方面的耦合协同机制;由知识驱动的技术创新提升其核心竞争力，由性格主导的商业模式创新谋求差异化竞争优势，最终相互支撑形成华为的持续竞争优势。