Financial Inclusion and Policy-Making: Strategy,Campaigns and Microcredit a la Turca

As in many other cases in the global South, creating more aware financial consumers is a prominent goal of the financial inclusion process in Turkey. The Turkish case has two peculiarities: the non-commercial character of the microcredit sector, which is partly organised by the state; and the state’s proactive role in Turkey’s financial transformation. This article analyses how the global financial inclusion agenda has been adapted for the Turkish context. The strength of Turkey’s financial infrastructure motivated policy-makers to focus on financial consumers, with the state intervening to spread further the financial modes of calculation. The article argues that the financial integration of large segments of Turkish society creates conundrums which cannot be easily overcome.     

How to distinguish innovative suppliers? Identifying innovative suppliers as new task for purchasing

For companies operating under unfavorable macroeconomic conditions, such as high wage/high tax countries in central Europe, innovation has become a central theme for survival. If there is one thing that has changed in innovation management during the last decade, it is the growing reliance on external sources of technology. As a consequence, a new task for purchasing arises, as firms need to understand which suppliers actually do have high potential contributing to the innovativeness of the firm and which do not. This paper focuses on the conceptual basis and derives propositions on the nature of innovative suppliers: specialized, technically competent firms, located in the proximity of the buyer, being embedded in a trusted and intensive relationship are identified as having a higher probability to be the core innovative suppliers. These criteria can serve to refine strategic sourcing decisions and improve communication between engineering and purchasing professionals.     

金融包容的逻辑起点及体系构建——兼论新背景下金融包容的推进与应用

鉴于国内对金融排斥、普惠金融、金融包容的研究还存在诸多分歧,地理学者和金融学者对其可达性及使用性维度仍有不同理解,从学术溯源的角度,通过梳理金融包容的历史沿革和内涵演化,界定不同理念之间的区别与联系,并结合最新的数字金融、虚拟集聚背景,提出“三度”“三维”“三协调”为一体的金融包容体系。从复杂系统论的角度,创新性地将其分为金融包容的协调体系、风险管理体系、创新体系、组织体系及传导体系,并探索了主流金融范畴的扩展、格莱珉模式的思考以及传递渠道的创新等,剖析了新的研究范式的不足,为未来理论研究和实践推进提供路径及展望。     

Inclusion and inclusion management in the Chinese context: an exploratory study

This study explored the concept of inclusion at both the individual and the organizational levels in the Chinese context. Using interview data from managers and employees of 12 companies located in China with various ownership structures, we conducted content analysis and found similarities between Chinese and Western conceptions of inclusion, as well as some unique characteristics of China. In addition, we identified seven inclusion management practices and three challenges for implementing inclusion management. Finally, the conceptions of inclusion were different across organizational positions and firm ownerships. Overall, this study sheds light on the understanding and management of inclusion for both Chinese companies and multinational companies in China and lays the foundation for future research.     

环长株潭县域普惠金融水平测度及分布动态研究

对2009—2014年环长株潭地区县域普惠金融发展水平进行定量评估,并运用非参数估计法探究分布演化特征,结果显示:该区域普惠金融水平整体上呈现先升后降态势,核心地带发展水平比边缘地带更高、更稳定.随后运用扩散—回波效应的机理对其进行诠释:因边缘地带较于核心地带距中心城市更远,金融发展环境较差,以致发展资源被抢夺吸收.因此,要推进区域普惠金融的国家级战略,不仅要调动金融机构开展普惠金融业务的积极性,更要提升受回波效应影响的边缘地带以及相关群体对金融资源的吸引力.     

Thriving of employees with disabilities: The roles of job self‐efficacy,inclusion, and team‐learning climate

With the growing global emphasis on welfare‐to‐work policies, an increasing number of people with disabilities (PWD) have entered the workforce. However, studies on PWD have focused primarily on company practices to accommodate PWD, with a limited understanding of factors affecting psychological integration of PWD into the workplace. This scarcity in research makes it difficult for managers to utilize the full work potential of PWD. To fill this research gap, the current study focuses on the job self‐efficacy of PWD and investigates how employee disability interacts with inclusion and team‐learning climate to affect job self‐efficacy, and in turn thriving at work. Using a sample of 485 employees in 114 teams, surveys found job self‐efficacy was a key intervening mechanism linking employee disability to thriving at work. These results suggest high workplace inclusion can buffer potential negative effects of disability at the individual level, strengthened further by a high team‐learning climate. The data supported a three‐way cross‐level interaction effect of disability, inclusion, and team‐learning climate on the thriving of employees with disabilities, through job self‐efficacy. Our results demonstrate the importance of inclusion and team‐learning climate to foster employee thriving in a diverse workforce.     

舒筋通络颗粒中乳香挥发油提取及包合工艺研究

为提高乳香挥发油在制剂中的稳定性,对舒筋通络颗粒中乳香挥发油的提取及其包合工艺进行了研究。选择浸泡时间(A)、药材粒径(B)、加水量(C)、提取时间(D)为考察因素,采用L_9(3~4)进行正交试验设计,优化乳香挥发油的提取工艺,通过正交试验,对饱和水溶液法和胶体磨法两种包合方式进行了工艺研究。结果表明:影响因素的优化组合为A_1B_1C_1D_3,其中加水量和提取时间对收率具有极显著性影响,包合时间、挥发油和β-环糊精比例、包合温度对饱和水溶液法有极显著性影响;研磨时间、挥发油和β-环糊精比例对胶体磨法有极显著性影响。从生产角度考虑,包合乳香挥发油采用胶体磨法较饱和水溶液法更具有优势。     

新常态下我国互联网消费金融的表现、作用与前景

互联消费金融是服务实体经济的普惠金融,可使消费金融服务低成本、高效率地延伸到长尾人群,并低风险地覆盖广大中低收入人群。我国消费金融市场远未饱和,互联网消费金融具有广阔的发展潜力和创新空间,目前互联网消费金融服务模式主要有6种：传统商业银行的消费金融互联网化、消费金融公司的消费金融互联网化、电商平台提供的消费金融、分期购物平台提供的消费金融、垂直细分平台提供的消费金融和P2P平台提供的消费金融。偏爱网络购物和超前消费的年轻人群成为劳动力市场和消费市场的主流人群,其产生的羊群效应带动了网络经济的发展和整个社会的杠杆消费,互联网消费金融将持续有效地拉动我国经济增长。因此,要鼓励、规范和引导互联网消费金融健康发展。     

Information content of sustainability index recomposition: A synthetic portfolio approach

A firm’s inclusion on the Dow Jones Sustainability Index (DJSI) signals its leadership in Environmental, Social, and Governance (ESG). We studied the effects of DJSI inclusion using data through 2021. For additions, we found significant positive pre-announcement effects, as well as persistence of positive abnormal returns. On deletions, we also saw positive abnormal returns, although significance reduced in later years. Our analysis demonstrated a stronger information role of DJSI inclusion for non-S&P 500 firms, which suggests that the DJSI is relatively more important for firms with lower investor recognition. We used a generalised synthetic control approach to estimate our results, which responds to the parallel trends critique of stock return event studies and provides robustness to industry shocks that are so important to ESG applications. Thus, this paper represents an important extension to our understanding of the value relevance of DJSI membership.     

Organisational change towards LGBTQ+ inclusion in hospitality and tourism: Managerial perspectives

The economic significance of LGBTQ+ inclusion has been globally recognised by the hospitality and tourism sectors. This study aimed to explore how hospitality and tourism businesses promote LGBTQ+ inclusion and identify challenges in implementing LGBTQ+ inclusive strategies in Asia. By using a qualitative approach with pragmatic paradigm, this study conducted in-depth interviews with 10 senior-level executives in corporations that play a prominent role in promoting LGBTQ+ inclusion across hospitality and tourism sectors. An LGBTQ+ inclusion model was also developed based on ‘unfreeze-change-(re)freeze’ theory to further understand organisational change with nonlinear, interconnected, interactive and iterative orientations. Thematic and document analyses identified four essential elements of change, namely, policies and structures, internal communication, learning and development and public engagement. Management support was also identified as an effective moderator for improving the operationalisation of the model.