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91.
    
In this essay, we offer perspectives on the future of small business research. These comments cover a range of issues unique to the future of small-business-focused research from \"somewhat-broad\" to \"more-narrow,\" and address: (1) the problems and promise of better theory building, (2) the range of opportunities for theory-building research, (3) new vantage points for theory-building using the \"social responsibility\" of small business as a research lens, and (4) the future direction of research in technological entrepreneurship. We conclude with a summary of this \"look to the future,\" and call for the innovative and provocative research that can keep contemporary small business management research at the center of the academic action.  相似文献   
92.
Farmers have a long history of adjusting their production practices in response to changing production conditions. Using a multinomial endogenous treatment effects model that accounts for observable and unobservable heterogeneity, this study investigates the adoption and welfare impacts of climate-resilient practices on Vietnamese rice-cultivating households. We found evidence of clear and positive welfare impacts from the adoption of canal irrigation (CI) and the joint adoption of agricultural conservation practices (CP) and CI as the main adaptation strategies to increase water stress. More importantly, although farmers with access to CI systems obtained the highest returns, the joint adoption of multiple practices still had substantially high adoption rates and significantly positive effects on rice yield, rice revenue and household income. Our findings indicate that farms' and farmers' characteristics, market information and climatic conditions are generally the main factors driving rice farmers' decisions to adopt climate-resilient technologies, both individually and jointly. Follow-up policy interventions should focus on improving CI systems and promoting the joint adoption of climate-resilient technologies to improve rice farmers' well-being and enhance their resilience capacity to cope with incoming climatic uncertainty.  相似文献   
93.
Duc-Loi Phan 《Empirica》1988,15(1):149-160
Conclusion This empirical study has analysed the implications of the CAP for member countries' net trade performance: To this effect it has attempted to distinguish supply and demand effects appropriately reflected in the comparative advantage concept and specific to a product, from factors related to national environment, specific to the country. Our findings have shown unambiguously that national environment effects have been relatively modest in general, compared to comparative advantage effects which have played a dominant role in determining trade performance. On the other hand, the comparative advantage gains over the period under consideration have been secured through a deliberate community policy choice and accentuated by the tendency of national governments to renationalize the CAP.This policy has undoubtedly been successful in bringing about an efficient agricultural sector for EC members and in reducing the gap in terms of comparative advantage between these countries, particularly to the benefit of the less favoured among them. However, since the CAP is basically founded on the manipulation of the price system which largely determines the present pattern of comparative advantage, a serious question could be raised as to whether this pattern will remain unaffected in the event that the support price system should come to an end, or at least be severely reshaped, in the face of the growing burden imposed on the community and the pressing need for the latter to sell the surpluses, with the aid of subsidies, on world markets. If the gains in comparative advantage could not be considered as definitively acquired, we should obviously challenge the wisdom of continuing to endure the cost of the policy.On a conceptual level, since the price system prevailing in the community has been policy determined, an investigation into the major determinants of comparative advantage for the protected products in following the Heckscher-Ohlin line which emphasizes the influence of factor endowments, whatever these factors may be, would appear to be in our opinion, irrelevant.This paper is an extension of a research on International Specialization in Differentiated Products carried out with the financial support from the Commissariat Général du Plan. The views expressed here are attributable solely to the author, who wishes to express his thanks to Olivier Gaussens for his computer assistance, and to Luc Bauwens for his helpful comments. For lack of space, the detailed computation will be sent on request.  相似文献   
94.
    
After more than three decades of rapid growth, China's economy is going through an important turning point, where structural imbalances in both supply and demand sides must be addressed for a more moderate and sustainable growth path. By focusing on the structural changes to its ownership, a central element in China's economic transformation under market reform, the present paper highlights the importance of private entrepreneurship in deepening market reform and, thereby, in driving economic growth in a more efficient and sustainable way. Based on a perspective of resource allocation and a conceptual framework of entrepreneurship, the paper elaborates on the evolution of the private sector and its performance in the context of ownership reform, making comparisons with the performance of the state sector. The analysis suggests that there is further room for more productive use of economic resources, especially capital, land and natural resources, by increasing the participation of private entrepreneurs in industries with high entry barriers in favor of state‐owned enterprises. Moreover, more competitive and equal access to productive resources through reform is needed to promote more productive entrepreneurship and to reduce rent‐seeking activities.  相似文献   
95.
    
Abstract

Open-market stock repurchase announcements are generally perceived by the stock market as a signal of firm undervaluation. Our study shows that repurchase announcements that were preceded by SEOs of other firms in the same industry within the prior six months (namely SEO-RPs) are more likely the result of lacking investment opportunities than signaling undervaluation, especially in concentrated industries. Specifically, we find investors response negatively to SEO-RP announcements while react positively to regular repurchase announcements. The higher the intensity of SEO activities in the industry, the more negative market reaction to SEO-RP announcements. We argue that the market doesn’t expect a repurchase announcement when other rival firms are raising more capital via SEOs. These SEO-RPs represent a negative surprise to the market and lead to a downward adjustment in value of the repurchasing firms in the announcement window. In the three-year post-announcement periods, the SEO-RP firms underperform regular repurchasing firms in both stock return and operating performance. Moreover, while regular repurchasing firms gradually increase their capital expenditures, SEO-RP firms significantly reduce their capital expenditures. These findings support our arguments that repurchase announcements that immediately follow SEOs of rival firms (SEO-RPs) more likely indicate the announcing firms entering a slower growth rate with fewer investment opportunities than signal the undervaluation problem. The underperformance in stock return and operation combined with a significant reduction in capital expenditures in the post-announcement periods are consistent with this logic and also explain why the market reacts negatively to SEO-RP announcements.  相似文献   
96.
Previous studies on customer participation have mainly focused on its outcome benefits. The current study investigates the effect of various participation behaviors on both process and outcome value in human transformative services. Based on the data surveyed from health care and higher education services in Vietnam, the results show that active and relevant participation behaviors are crucial to co-create value. Information sharing, responsible behavior, and voluntary in-role feedback have different roles in process and outcome value. Voluntary in-role feedback is more important in health care service, while responsible behavior is critical in higher education. Moreover, distinction should be made between passive provision of information and voluntary feedback of customers to the firm.  相似文献   
97.
    
A persistent public–private sector difference in returns to skills is one sign that Vietnam's transition from command to market economy remains incomplete. Matching this is a large gap in post-compulsory education enrollments, favoring children from families with members employed by government or state enterprises. We compare that gap between 2004 and 2014, a decade during which Vietnam experienced a boom in private-sector and foreign-invested economic activity. Despite the boom, we find a persistent and widening enrollment gap between “state” and “non-state” households, which are similar in other observable respects. This institutional gap is not the only basis for enrollment differences—the ethnicity gap has also widened, even as rural–urban disparities have diminished—but they may contribute to slow and unequal progress in overall educational attainment. Unless addressed, enrollment gaps are likely to worsen intergenerational inequality and may reduce long-run economic growth.  相似文献   
98.
    
The industrial gas and liquefied natural gas (LNG) industries routinely perform equipment pressure testing pneumatically, rather than hydraulically, due to the necessity for keep piping and equipment dry. Hazards associated with potential failure of pneumatically pressurized equipment under test are well understood, but today, there is no commonly recognized industry guidance on recommended safety distances to protect personnel during such tests. Air Products, Air Liquide and BakerRisk have worked together to develop such guidance for the testing of vessels, process pipes and pipelines, and present in this article new, simple to use correlations, with results also presented in the form of lookup tables. These new correlations are based on the application of established methods, validated against previously published independent test data and new test data presented here for the first time. © 2018 American Institute of Chemical Engineers Process Saf Prog 38: e12025, 2019  相似文献   
99.
Extant literature has extensively explored microcredit's impacts, confirming its essential role in poverty alleviation. However, most studies focus on poverty measures that exclusively emphasize current poverty status without adequately addressing the potential of falling into or remaining in poverty. Furthermore, the role of credit services in helping the poor in rural areas appears to be underexamined in the literature. To address this knowledge gap, this study investigates whether rural microcredit can reduce household vulnerability to poverty. A theoretical framework is developed to capture the mechanism by which microcredit borrowing has a vital role in household businesses and impacts the probability of being poor in the future. The Vietnam Access to Resources Household Survey data set from 2008 to 2016 is used to explore this issue. The findings indicate that rural Vietnam's access to microcredit significantly reduces vulnerability to poverty. Moreover, better-off households are seemingly the most effective at using microcredit, whereas the opposite is found among worse-off households. These results are found to be robust using the propensity score matching method.  相似文献   
100.
    
We study welfare costs of the uncertainty about monetary policy in the economy featuring shifting trend inflation. We follow Ruge-Murcia (J Econ Dyn Control 36: 914–-938, 2012) to employ the SMM approach to fit the model to the US data (1979Q1-2015Q1). We find that the monetary policy uncertainty affects economic welfare through different dimensions. On the one hand, the policy uncertainty itself distorts the economic welfare negligibly, not only by increasing volatilities of consumption and leisure, but also by decreasing their average levels. A higher level of trend inflation then signifies these changes to produce greater welfare costs. Furthermore, the adverse impacts of policy uncertainty on the economy, documented by the impulse response functions of macroeconomic variables to policy uncertainty shock, become larger when central banks raise their inflation targets. On the other hand, the costs of exogenous variations in trend inflation are larger if there is policy uncertainty.  相似文献   
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