Malaysia's Response to the Asian Financial Crisis

Summary

Tourism is a fragile industry and the damage caused by a crisis may have serious implications for a national economy. Crisis management is the means by which the impact of a crisis may be minimised and recovery assisted. This paper analyses the Malaysian response to the Asian financial crisis in the context of tourism and considers whether there is the potential for crisis management at a sectoral level, and if so how it should be developed and implemented. It concludes that although both the public and private sector recognise the need for such a measure, issues such as funding and the identification of appropriate indicators need to be resolved.     

Non-farm entrepreneurship in rural sub-Saharan Africa: New empirical evidence

We report on the prevalence and patterns of non-farm enterprises in six sub-Saharan African countries, and study their performance in terms of labor productivity, survival and exit, using the World Bank’s Living Standards Measurement Study - Integrated Surveys on Agriculture (LSMS-ISA). Rural households operate enterprises due to both push and pull factors and tend to do so predominantly in easy-to-enter activities, such as sales and trade, rather than in activities that require higher starting costs, such as transport services, or educational investment, such as professional services. Labor productivity differs widely: rural and female-headed enterprises, those located further away from population centers, and businesses that operate intermittently have lower levels of labor productivity compared to urban and male-owned enterprises, or enterprises that operate throughout the year. Finally, rural enterprises exit the market primarily due to a lack of profitability or finance, and due to idiosyncratic shocks.     

我国银行理财业务发展趋势研究

对国内商业银行理财业务的发展状况进行了简要概述, 进而对理财业务开展过程中的一些问题进行了分析, 强调指出市场化应该成为银行理财业务转型升级和创新发展的方向, 并提出了实现市场化发展方向的若干具体措施。     

High-Performance HR Practices,Work Stress and Quit Intentions in the Public Health Sector: Does person–organization fit matter?

Drawing on the attraction–selection–attrition (ASA) framework, this paper examines a mechanism, namely person–organization (P–O) fit, through which high-performance HR practices (HPHRPs) affect two negative employee outcomes: work-related stress and quit intentions. Using a sample of Egyptian public health sector workers, a mediation model is tested empirically using structural equation modelling. The study results show that HPHRPs positively affected P–O fit, which in turn had significant negative associations with work stress and quit intentions. P–O fit also explained a high proportion of mediation in the relationship between HPHRP and both outcomes.     

Psychological safety climate and workplace bullying in Vietnam’s public sector

The bureaucratic and impersonal nature of public management can fertilize workplace bullying and risks for psychological health and safety. Psychological safety climate (PSC) is an important indicator to reduce psychological hazards. Yet, there have been few studies conducted to examine the existence of PSC in the public sector in non-Western economies. This study examined the implementation of PSC and its effects on 274 employees from six branches of a Vietnamese public sector organization. The results suggest that senior management in organizations should consider positive work conditions and an effective system of policies, procedures, and practices for the prevention of psychosocial hazards.     

浅谈大庆高新区如何推动银行业和非银行金融机构快速发展

采用强化政策支持、引导金融创新的措施促进高新区银行业快速发展,实施"速贷通"工程提高商业银行对中小企业支持力度,更加充分发挥银行主渠道融资功能,推动高新区银行业快速发展。充分发挥政府的引导作用,引导非银行金融机构快速发展,缓解中小企业"融资难"问题。