How trust and dialogue shape political participation in mainland China

ABSTRACT

This study aims to examine how the perceived propinquity of government (defined by responsiveness and transparency) influences citizens’ perception about government and affects the relationship between political trust and contact-type political participation in mainland China. Specifically, we believe that trust in government’s ability, benevolence and integrity matter more to contact-type political participation under a high level of perceived dialogic propinquity than under a low level. We use PROCESS to analyze third wave data from the Asian Barometer Survey to understand these moderation effects. Based upon the data from 3,472 mainland Chinese citizens, the results show that the more citizens trust their government’s ability, the higher their willingness to conduct contact-type participation under conditions of high perceived dialogic propinquity. Under conditions of low perceived dialogic propinquity, however, trust in government’s ability has no predictive effect on citizens’ willingness to participate in contact-type political activities. Moreover, compared with the dimension of trust in government’s ability, perceived dialogic propinquity fails to moderate the relationships between trust in government’s benevolence and integrity, and contact-type political participation.     

Foreign direct investment,input prices,and host country welfare

This paper analyzes a multinational firm’s foreign direct investment decision, through either greenfield investment or cross‐border merger and acquisition, into a host country with an input monopoly that adopts either uniform pricing or discriminatory pricing. The optimal foreign entry mode could differ under each pricing policy. Under Cournot competition, firms’ technological gap and the initial local market structure are critical to the choice of foreign entry mode, whereas product substitutability is important under Bertrand competition. In the presence of foreign entry, this paper also examines the welfare effects of input price discrimination for the host country.     

Corporate governance in Taiwan: The nonmonotonic relationship between family ownership and dividend policy

This study considers an important aspect of corporate governance: the relationship between cash flow rights and dividend payout policy of listed family firms in Taiwan, an economy characterized by a predominance of family-controlled firms. Dividend payout levels are important because they are crucial to governing the firm and managing its investments. The empirical results show that at a low level of controlling families’ cash flow rights, the threat to lose control at any time makes controlling families claim more in dividends. This yields a positive relationship between dividend payout and the cash flow rights of controlling families at this level. Meanwhile, at a moderate level of controlling families’ cash flow rights, the entrenchment effect becomes more robust and creates a negative relationship with dividend payout. Finally, at the very highest level of controlling families’ cash flow rights, excessive firm-specific risk again helps to again create a positive relationship. This nonmonotonic relationship between controlling family cash flow rights and dividend payout also holds for financially mature firms that have a high earned to contributed capital mix.     

Credit valuation adjustment of cap and floor with counterparty risk: a structural pricing model for vulnerable European options

This study develops a structural pricing model based on the Black 76 formula for the evaluation of the credit value adjustment (CVA) of OTC traded caps and floors, which is mandated as an integral part of Basel III. The proposed structural pricing model improves the existing structural pricing models for vulnerable European options by allowing payments to be made after the exercise of the options. Five crucial determinants of caps’ and floors’ CVAs are identified by the proposed structural model, they are: the cap’s/floor’s tenor, the writer’s total asset value, the correlation between the cap’s/floor’s underlying and the writer’s total asset value, the volatility of the writer’s total asset value, and the writer’s aggregate liabilities. Numerical examples are given to demonstrate the effects of the crucial parameters. Compared to the market practice of CVA calculation based on reduced-form models, the five crucial parameters are the unique features of the proposed structural model.     

Target Costing,Business Model Innovation,and Firm Performance: An Empirical Analysis of Chinese Firms

Market orientation theory was used to relate the implementation of target costing systems and business model innovation to firm performance using a sample of 189 electronics and information industry manufacturers in China. As expected, the implementation of target costing was positively associated with both business model innovations and firm performance. Further, the diversity of product development teams was also crucial. It positively moderated the association between target costing and business model innovation. Finally, the business model innovation was positively related to firm performance. Copyright © 2012 ASAC. Published by John Wiley & Sons, Ltd.     

Using structural equation modeling to predict cabin safety outcomes among Taiwanese airlines

The aim of the study was to examine the relationship between safety culture (e.g. management commitment, various work environment factors) and flight attendant safety performance (e.g. rule compliance, crewmember involvement and participation, accident investigation, injury incidence). A comprehensive questionnaire was derived from the Loughborough University “Safety Climate Assessment Toolkit” and several similar surveys. Additional items were designed for an airline cabin work environment. The questionnaire was distributed to four major Taiwanese national airlines and achieved a valid response rate of 84.65%. Structural equation modeling was used to test a hypothesized model concerning safety culture and cabin safety performance. A variety of fit indices confirmed the overall model fit but not all of the paths in the model were statistically significant. The findings show that safety culture was a predictor of cabin safety outcomes. The results indicated that high management commitment was significantly related to high crewmember participation, and that safe cabin work environment was significantly related to crewmember’s individual behavior. However, the findings showed no relationship between management commitment and injury incidence which means injury incidence might not be predicted by management commitment.     

Trade liberalization,forward‐looking firms,and welfare

We set up an oligopolistic model with two exporting firms selling to a third market to investigate the welfare implications of trade liberalization when the exporting firms are forward‐looking. The results show that with cost asymmetry trade liberalization encourages the exporting firms to engage in tacit collusion, which may not only be detrimental to the domestic welfare, but also to the consumer surplus of the importing country. Moreover, we find that tacit collusion is less sustainable if the government of the importing country imposes a lower (higher) tariff on the more (less) efficient exporting firm. If a nonforward‐looking or a forward‐looking cost‐efficient domestic firm exists in the importing country, then trade liberalization also encourages tacit collusion.     

The antecedents and consequences of job stress of flight attendants – Evidence from Taiwan

This study investigates the relationships between the antecedents of job stress, such as work-to-family and family-to-work conflicts, and consequences, such as job satisfaction, organizational commitment and turnover intentions, of flight attendants who are typically characterized as undertaking ‘emotional labor’. Using a sample of flight attendants collected from Taiwanese airline companies, the study reveals evidence of the following linkages; family-work conflict → job stress → job satisfaction → organizational commitment → turnover intention.     

从一个社会热点问题看统计教学

随着统计学在日常生活、社会调查研究中的应用越来越广泛，统计错用、滥用的现象也层出不穷，造成诸多的错误与误解。根据当下的一个社会热点，分析了当前统计教学与实践中可能出现的问题，如变量定义不明、方法选择不合理、相关关系和因果关系混淆等，并提出了注重方法应用条件、进行探究型教学等开展优质统计教学的几点建议。