The relative efficiency of public versus private municipal bus firms: An application of data envelopment analysis

This article has employed the data envelopment analysis method to evaluate the efficiency of the five bus firms in Taipei city. When vehicle kilometers (revenue or the measure combining vehicle kilometers, revenue and the number of traffic trips on routes) was used as the output measure, it concluded that the publicly owned Taipei Municipal Bus had increased (not increased) its technical efficiency after the government liberalized the urban bus market. This article also found that in both the one output (vehicle kilometers) and three outputs cases, Taipei Municipal Bus had, on an average, lower efficiency scores than the private firms, and that while each firm usually employed a linear production technology for several, consecutive years the private firms were more flexible in adopting different technologies.     

Contesting Eco-Urbanism from Below: The Construction of ‘Zero-Waste Neighborhoods’ in Chinese Cities

How should we understand the recent rapid spread of eco-urbanism around the world and its move into the mainstream? This understanding has become increasingly dominated by narratives of the urban sustainability fix, which stresses the logic of capital accumulation. Within the broader structural processes of ecological modernization, such as transitioning to low-carbon growth, consideration of—let alone interest in—the diversity of local politics that shapes the practice and forms of contestation of eco-urbanism has often been relegated to a position of secondary importance. Meanwhile, investigations of the relationship between the growth of climate governance and grassroots environmental activism often ignore space production as an underlying process of political-economic transformation. Drawing on a detailed case study of the prevalence of zero-waste neighborhood experiments in many Chinese cities, which have recently become obsessed with low-carbon growth, this article underscores the potential of grassroots activism to change the nature, dynamics and landscape of eco-urbanism significantly. On the basis of the intriguing evidence presented here, it calls for a new understanding of eco-urbanism: one which is more attentive to the diversity, heterogeneity and contextual sensitivity of urban change at the grassroots level.     

Rational expectations and corporate dividend policy

The problem of expectations formation has been either ignored or treated with very restrictive assumptions in traditional dividend adjustment models. Since these models are typically used to explain the dividend decisions of individual firms, a more satisfactory treatment of the process of expectations formation is needed. In order to analyze the dynamic dividend adjustment process, this article proposes a model, more general than previous ones, that is consistent with the rational expectations hypothesis. A nonlinear regression method is used to estimate the parameters of the model and to test the validity of the rational expectations hypothesis in dividend decisions making. The partial adjustment model with rational expectations explains dividend adjustments reasonably well. The overall results suggest that firms make use of available earnings information to form optimal future earnings forecasts; specifically, a firm's dividend adjustment process is completed in about two and a half quarters. This article also finds that the fourth-order serial correlation problem disappears after a generalized Tobit model is used for the parameter estimation.     

How transformational leadership fuels employees’ service innovation behavior

Although there is a consensus that transformational leadership (TFL) is critical to successful service innovation behavior, the relationship between the two remains inconclusive. This study adopts a dual perspective approach that considers both motivational and social-political perspectives to further elicit the influence of TFL on the service innovation behavior of frontline employees. Using multiphase and multisource data from 269 employees and 1396 customers of hair salons, the results show that the perceived organizational climate for innovation, creative self-efficacy, and expected image gains fully mediate the relationship between TFL and employees’ service innovation behavior. TFL positively influences employees’ perceived organizational climate for innovation, which in turn enhances the service innovation behavior of employees through both motivational (i.e. creative self-efficacy) and social-political (i.e. expected image gains) mediating mechanisms. Surprisingly, expected image risks are found to have a non-significant relationship with service innovation behavior. We discuss implications of these findings with respect to innovation literature and management practice, as well as offer suggestions for further research.     

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.