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321.
By specifying the setting of the footloose capital model with firm heterogeneity, this paper examines the effects of trade liberalization on unemployment through two different mechanisms: firstly, we embed search frictions into the labor market; and secondly, we consider fair wages as the source of unemployment. In the model with search frictions, we find that both the expected wage and employment rate could be higher for a small country with better search technology. In the fair wage setting, the results show that an increase in trade freeness increases the unemployment rate of the large (small) country when the trade freeness is sufficiently high (low). Finally, we try to compare the welfare levels under different scenarios and discover that unemployment may lead to a deterioration in the welfare gains from trade. 相似文献
322.
We examine how the change in investor sentiment (IS) over time (the IS trend) affects stock returns. The turnover rates of trading shares, trading value, and transactions, three market measures of trading activity, have been demonstrated to meet the psychometric criteria for measuring the IS trend. The ratio of market price to book value and the short-selling turnover ratio are inappropriate proxies. The empirical results indicate that the influence of the IS trend on returns depends on the direction of the trend (optimistic or pessimistic) and stock characteristics of individual holdings and on arbitrage constraint. The effectiveness of arbitrage, sentiment-driven mispricing, and market intervention are discussed. 相似文献
323.
We examine how a firm's research and development (R&D) increases affect its intra‐industry competitors in the long run. Consistent with the R&D spillover hypothesis, when a firm unexpectedly increases its R&D spending, its intra‐industry competitors experience improvements in operating performance and analyst forecast revisions and earn positive abnormal stock returns in the long run. The industry concentration, which is related to the firm's strategic reaction, is crucial in determining the magnitude of the R&D spillover effect. 相似文献
324.
In this paper, we draw upon the concepts of chaos theory to examine technological change as a pattern of punctuated equilibrium through the alternation of continuity and discontinuity across time. We advocate the application of the chaos mathematical technique of time‐varying local Lyapunov exponents to estimate the rates of change, timing of technological transitions and the continuity–discontinuity loop time periods. To illustrate our framework of ideas, we investigated and compared the development of four technologies – semiconductor, display, software, and biotechnology – from 1976 to 2005, using time series patent data. Implications for theory, method, and practice are discussed. 相似文献
325.
Shi Jer Lou Yi Hui Liu Ru Chu Shih Kuo Hung Tseng 《International Journal of Technology and Design Education》2011,21(2):161-183
The purpose of the study was to explore a learning behavioral model of project-based learning (PBL) for senior high school
students in the context of STEM (science, technology, engineering, and mathematics). Using “audio speakers” as the project
theme, a series of tasks were designed to be solved using STEM knowledge via an online platform and student group discussions.
A total of 84 volunteer students from a senior high school and a vocational school in Pingtung, Taiwan, were divided into
21 groups. Text analysis and questionnaire survey were administered. Data sources were the participants’ information collected
via the STEM online platform and the questionnaire survey regarding STEM in PBL. The findings of the study are as follows:
(1) the learning behavioral model for STEM in PBL showed a positive influence on students’ behavior in the form of cognition
and behavioral intentions. In addition, cognition and behavioral intentions were positively influenced by attitude. The overall
model fit was positive and could effectively explain senior high school and vocational school students’ learning behavior
as related to STEM in PBL; (2) according to the results of the analysis of STEM from the online platform, students displayed
a positive attitude, attained integrated conceptual and procedural knowledge, and demonstrated active behavioral intentions
through STEM in PBL. In addition, the students’ creative and organized project outcomes revealed the effects of their behavior. 相似文献
326.
Mao-Wei Hung Bing-Huei Lin Yu-Chuan Huang Jian-Hsin Chou 《International Review of Economics & Finance》2011,20(3):452-458
This study examines key factors that influence the success of exchange-traded futures contracts of Asian futures markets. The results show that successful futures contracts benefit from a large and volatile spot market. In addition, a smaller contract size has a positive effect on the futures trading volume, which in turn contributes to the success of the futures contract. For specific institutional factors, the choice of the trading platform and the relative size of exchanges are both important to the success of futures contracts. 相似文献
327.
Humphry Hung 《Journal of Business Ethics》2011,103(3):385-402
We propose that corporate directors are important in helping organizations deal with two major issues of stakeholders. First,
directors can help manage the interests of organizational stakeholders, and second, they assist in protecting the interests
of their organizations as stakeholders in society. Their contribution can be conceptualized as the directors’ roles in corporate
social responsibility (DR-CSR). We identify two types of DR-CSR, organization-centered and society-centered roles. Based on
a study of 120 corporate directors, we observe that the more concern that corporate directors have for stakeholders, the more
likely that they will perceive the need to perform their DR-CSR effectively. 相似文献
328.
Trung Thanh Nguyen Manh Hung Do Dil B. Rahut Viet Hung Nguyen Panharoth Chhay 《Annals of Public and Cooperative Economics》2023,94(3):877-903
Supporting agricultural cooperatives might contribute to the livelihood improvement of many small-scale farmers in developing countries. This research examines the factors affecting the internet use of agricultural cooperatives with a focus on female leadership, its effects on cooperatives’ economic, social, and innovative performance, and the distributional effects of internet use on economic performance. Our analysis relied on the data of 3,512 agricultural cooperatives collected in 2021 from Vietnam. We addressed the endogeneity issue of internet use in impact assessment by employing an instrumental variable approach. Our results show that female leadership was positively and significantly associated with internet use and that internet use had a positive and significant effect on returns on assets, returns on equity, labor productivity, payment per laborer, contribution to labor union and insurance per laborer, and innovation in products of agricultural cooperatives. In addition, unconditional quantile regressions show that internet use in agricultural cooperatives exacerbated income inequality. Enhancing female leadership and promoting rural education were recommended to improve agricultural cooperatives’ performance. 相似文献
329.
The Value of Political Ties Versus Market Credibility: Evidence from Corporate Scandals in China
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This paper compares the value of political ties and market credibility in China by examining the consequence of corporate scandals. We categorize Chinese corporate scandals by whether the scandal is primarily associated with the destruction of (i) the firm's political networks (political scandals), (ii) the firm's market credibility (market scandals), or (iii) both (mixed scandals). Consistent with our hypothesis that scandals signaling the destruction of political ties are associated with greater losses in firm value than scandals signaling the destruction of market credibility, we find that the stock market reacts more negatively to political and mixed scandals than to market scandals. In addition, the greater negative market reactions associated with political and mixed scandals are primarily driven by firms that rely more on political networks. We also find that, compared to market scandals, political and mixed scandals lead to larger decreases in operating performance, greater reduction in loans from state‐owned banks, and higher departure of political directors. 相似文献
330.
Kam C. Chan Hung‐Gay Fung Wai K. Leung 《Journal of Teaching in International Business》2013,24(3):293-315
The authors investigate published international business research in four international business journals over a 10‐year period, 1995–2004: (a) patterns of coauthorship across regions, and (b) the relation between coauthorship patterns and the quality of international business (IB) articles. A cross‐region coauthorship enhances the quality of an article, suggesting that international collaboration creates synergy in IB research. The authors do not see any positive correlation between alphabetical ordering of coauthor names in multiauthored articles and article quality—a result that is contrary to some evidence in other disciplines. Finally, international management articles appear to be more frequently cited than articles in other IB research areas. 相似文献