Benefits of shift from car to active transport

There is a growing awareness that significant benefits for our health and environment could be achieved by reducing our use of cars and shifting instead to active transport, i.e. walking and bicycling. The present article presents an estimate of the health impacts due to a shift from car to bicycling or walking, by evaluating four effects: the change in exposure to ambient air pollution for the individuals who change their transportation mode, their health benefit, the health benefit for the general population due to reduced pollution and the risk of accidents. We consider only mortality in detail, but at the end of the paper we also cite costs for other impacts, especially noise and congestion. For the dispersion of air pollution from cars we use results of the Transport phase of the ExternE project series and derive general results that can be applied in different regions. We calculate the health benefits of bicycling and walking based on the most recent review by the World Health Organization. For a driver who switches to bicycling for a commute of 5 km (one way) 5 days/week 46 weeks/yr the health benefit from the physical activity is worth about 1300 €/yr, and in a large city (>500,000) the value of the associated reduction of air pollution is on the order of 30 €/yr. For the individual who makes the switch, the change in air pollution exposure and dose implies a loss of about 20 €/yr under our standard scenario but that is highly variable with details of the trajectories and could even have the opposite sign. The results for walking are similar. The increased accident risk for bicyclists is extremely dependent on the local context; data for Paris and Amsterdam imply that the loss due to fatal accidents is at least an order of magnitude smaller than the health benefit of the physical activity. An analysis of the uncertainties shows that the general conclusion about the order of magnitude of these effects is robust. The results can be used for cost-benefit analysis of programs or projects to increase active transport, provided one can estimate the number of individuals who make a mode shift.     

Spatial Linkages and Export Processing Location in China

This paper provides empirical evidence that spatial linkages matter for the localisation of global value chain activities. Relying on processing trade data for Chinese provinces during the period 1997–2008, we investigate whether a Chinese province's proximity to international suppliers and international buyers within an industry chain affects its attractiveness as an export processing location. We find that the upstream and downstream spatial linkages both have a strong and independent explanatory power. We also explore what factors explain the influence of these spatial linkages.     

Family firms and corporate social performance: evidence from Korean firms

This study examines the effects of family firms on the corporate social performance of Korean firms and analyses how their effect varies depending on the presence of family CEOs or chaebols. Based on the agency theory, we find that family firms exhibit lower corporate social performance. In particular, there is no difference in the performance of related stakeholders, such as society, consumers, environment, and employees, compared to non-family firms, but corporate governance registers as low performance. We further find that family firms managed by family CEOs show lower corporate social performance, whereas chaebol firms show higher corporate social performance.     

Healthcare costs in patients with advanced non-small cell lung cancer and disease progression during targeted therapy: a real-world observational study

Aims: To assess healthcare costs during treatment with epidermal growth factor receptor (EGFR) tyrosine kinase inhibitors (TKIs) and following disease progression in patients with advanced non-small cell lung cancer (NSCLC).

Methods: A retrospective analysis of medical records of US community oncology practices was conducted. Eligible patients had advanced NSCLC (stage IIIB/IV) diagnosed between January 1, 2008 and January 1, 2015, initiated treatment with erlotinib or afatinib (first-line or second-line), and had disease progression. Monthly Medicare-paid costs were evaluated during the TKI therapy period and following progression.

Results: The study included 364 patients. The total mean monthly cost during TKI therapy was $20,106 (95% confidence interval [CI]?=?$16,836–$23,376), of which 47.0% and 42.4% represented hospitalization costs and anti-cancer therapy costs, respectively. Following progression on TKI therapy (data available for 316 patients), total mean monthly cost was $19,274 (95% CI?=?$15,329–$23,218), and was higher in the 76.3% of patients who received anti-cancer therapy following progression than in the 23.7% of those who did not ($20,490 vs $15,364; p?<?.001). Among patients who received it, anti-cancer therapy ($11,198; 95% CI?=?$7,102–$15,295) represented 54.7% of total mean monthly cost. Among patients who did not receive anti-cancer therapy, hospitalization ($13,829; 95% CI?=?$4,922–$22,736) represented 90.0% of total mean monthly cost. Impaired performance status and brain metastases were significant predictors of increased cost during TKI therapy.

Limitations: The study design may limit the generalizability of findings.

Conclusions: Healthcare costs during TKI treatment and following progression appeared to be similar and were largely attributed to hospitalization and anti-cancer therapy. Notably, almost one-quarter of patients did not receive anti-cancer therapy following progression, potentially indicating an unmet need; hospitalization was the largest cost contributor for these patients. Additional effective targeted therapies are needed that could prolong progression-free survival, leading to fewer hospitalizations for EGFR mutation-positive patients.     

Entrepreneurial Aspirations: Another Form of Job Search?

We study the labour market behaviour of employed individuals that have entrepreneurial aspirations in addition to aspirations to switch job. We analyze empirically these two “search processes” side-by-side and find that entrepreneurial aspirations and aspirations to switch job are relatively common. However, most employees are not engaged in both search processes, nor are the two processes alike: It is more difficult to empirically explain entrepreneurial aspirations than aspirations to switch job. Only few observable characteristics of the employed are related to both processes. Varied experience and job dissatisfaction are directly related to the probability of having entrepreneurial aspirations and aspirations to switch job, while job tenure is inversely related to them. Our analysis also contributes to the understanding of the process of transition from work into entrpreneurship: Employees who can experiment with new things in their present job, regard the content of their work important, and are dissatisfied with their superiors have more often entrepreneurial aspirations than others.     

Bought deals: The value of underwriter certification in seasoned equity offerings

The bought deal is the predominant method of underwriting SEOs in Canada. Offer prices are set and underwriters commit to purchase offerings several days earlier for bought deals than for firm commitment issues, implying stronger underwriter certification for bought deal issues. Consistent with the certification hypothesis, this study finds a significantly smaller negative stock price reaction around the announcement of bought deals compared to firm commitment issues. Bought deals are further shown to have smaller offer price discounts and smaller underwriting fees, implying superior pricing and thus, higher quality offerings. These findings suggest that investment banks’ underwriting method of choice is informative of issue quality.     

The role of fairness in alliance formation

We report on data from a revelatory qualitative case study of a failed attempt to form an international joint venture (IJV) agreement. We analyze issues related to distributive, procedural, interpersonal, and informational fairness and the roles of their occurrence in the course of the formation stage of an IJV. We find that perceptions of fairness types shape the partners' decision making logics (a property rights logic, a control rights logic, and a relational quality logic), which in turn influence the partners' evaluations of efficiency and equity of the proposed alliance and their decision on whether or not to form it. We develop propositions around this argument. Copyright © 2010 John Wiley & Sons, Ltd.     

Institutional determinants of ownership stake in cross-border acquisitions in Africa: The moderating role of geographic distance

We look at how emerging markets' institutional features affect ownership stake in cross-border acquisitions (CBAs) within Africa. Particularly, we show that the presence of shared colonial history between the home and host country and the extent of fractionalization distance and formal institutional distance influence the acquiring firm's decision regarding its ownership stake in the target. Moreover, we show that geographic distance between the home and host country, by augmenting uncertainty faced by acquiring firms, moderates the relationship between these institutional features and ownership stake. We test our hypotheses in a sample of 341 intra-Africa CBAs from 2001 to 2016. Generally, we find that greater ex ante uncertainty and ex post costs increase ownership stake. Specifically, greater geographic distance strengthens the positive relationship between shared colonial history and ownership stake and reverses the negative relationship between formal institutional distance and ownership stake. As for fractionalization distance, the relationship is more nuanced and needs to be further studied. We contribute to advance research on south–south CBAs in general, particularly within Africa, as well as to extend hostage theory in foreign market entry strategies in and from emerging markets.     

The Dynamics of Jabotabek Development

This paper examines the dynamics of urban development of the Jakarta metropolitan region, called Jabotabek, from 1980 through the early 1990s. We focus on the rapidly changing spatial allocation of residences and business, finding that Jabotabek is following expected developmental patterns but faces special and some critical problems Population densities remain unusually high and urban development is hindered by very poor land market institutions—weakly defined property rights particularly for traditional low income residents, complete lack of active land use planning, and relatively low infrastructure investments. Industry is rapidly suburbanising to take of advantage of low land prices and wages in suburban Botabek. With toll road construction east and west from the city, within the five-year period 1986–1991, Jabotabek moved from being a monocentric city where core city industrial activity dominated to a predominantly multi-centred city. These developments and implicit government policy have hurt small-scale industry, which ultimately will hinder the whole development process. Issues of spatial mismatch, where low income workers' residences and workplaces become inordinately spatially separated due to government policies in land markets, herald increasing problems of urban underemployment and social unrest.     

Factors influencing plagiarism by accounting lecturers

This study examines the possible factors affecting plagiarism by accounting lecturers in the Special Region of Yogyakarta, a province in Indonesia. 108 completed questionnaires were quantitatively analyzed. The multiple regression analysis reveals that working pressure and unfair competition significantly influence the intention to undertake plagiarism. These results indicate that Fraud Triangle theory partially explains the phenomenon of plagiarism among accounting lecturers. The main implication of this research is that accounting lecturers have overload works in their daily activities so that they do not have enough time to write scientific works professionally. Another implication is the presence of an unfair competition among accounting lecturers so that in order to meet the publication target, plagiarism becomes a way. The important contribution of this paper is the finding regarding the influences of working pressure and unfair competition on plagiarism by accounting lecturers.