Preserving religious identity through education: Economic analysis and evidence from the US

This paper models the decision of religious parents to send their children to private religious schools as reflecting their desire to shield their children from external influences and thus preserve their religious identity. It follows that when the share of the minority in the local population grows—and outside influences become less threatening—the demand for separate religious schooling among the members of the religious group decreases. This pattern implies concavity in the relationship between enrollment in private and religious schooling and the share of the religious group in the population. We present empirical evidence from United States county data on Catholic and private school enrollment that strongly supports our theory. The paper contributes to a better understanding of the demand for religious education.     

Estimating Central Bank Preferences under Commitment and Discretion

This paper explains U.S. macroeconomic outcomes with an empirical New Keynesian model in which monetary policy minimizes the central bank’s loss function. The presence of expectations in the model forms a well‐known distinction between two modes of optimization, termed commitment and discretion. The model is estimated separately under each policy using maximum likelihood over the Volcker–Greenspan–Bernanke period. Comparisons of fit reveal that the data favor the specification with discretionary policy. Estimates of the loss function weights point to an excessive concern for interest rate smoothing in the commitment model but a more balanced concern relative to inflation and output stability in the discretionary model.     

企业金融化对工业企业风险承担水平的影响 ——基于中介效应和门限效应分析

本文以2007~2019年中国沪深A股上市工业企业的财务数据为样本,探究企业金融化对工业企业风险承担水平的影响。结果表明:(1)企业金融化的“投机-挤出”效应大于“储蓄-维稳”效应,总体上增加了工业企业风险承担水平,且非国有工业企业金融化对其风险承担水平影响更大;(2)作用机理分析发现企业金融化主要通过资产渠道和收益渠道作用于工业企业风险承担水平,即“工业企业金融化——主营业务投资减少/金融资产收益占比增加——企业风险承担水平上升”;(3)进一步分析后发现企业金融化对工业企业风险承担水平的影响存在基于企业风险承担能力和财务杠杆率的门限效应,企业风险承担能力的门限效应使得工业企业金融化的边际影响依门槛值减弱,且国有工业企业的门槛值要低于非国有工业企业;而财务杠杆率的门限效应使得工业企业金融化的边际影响依门槛值增强。     

The formation of habit and word-of-mouth intention of over-the-top platforms

The current study examines how video content on over-the-top (OTT) platforms and the enjoyment from watching them form habits and word-of-mouth (WOM) intentions. We propose a research model that integrates elements from the Self-Determination Theory (SDT) and the concept of “habit loop” from the Interest-Driven Creator (IDC) theory. The model was analyzed using PLS-SEM on 302 responses from OTT users. The study elucidates how video content availability helps in habit formation indirectly through perceived enjoyment. The results also demonstrated that the WOM of OTT platforms is explained by perceived enjoyment, affective commitment, and the habit of using the OTT platforms. The study highlights that habit is a significant predictor of affective commitment and WOM intention of hedonic apps. This is the first study to illustrate how video content availability affects users’ enjoyment, habitual use, and WOM intentions. Habit as a significant predictor of affective commitment and WOM intention of hedonic apps, like OTT platforms, is unprecedented.     

How the COVID-19 pandemic affected hotel Employee stress: Employee perceptions of occupational stressors and their consequences

This study sought to examine the impacts of the global coronavirus pandemic on hotel employees’ perceptions of occupational stressors and their consequences. Paired t-tests and structural equation modeling were applied to examine the responses of 758 hotel employees in the United States. The findings showed that occupational stressors after the outbreak of the pandemic consisted of three domains: traditional hotel-work stressors, unstable and more demanding hotel-work-environment stressors, and unethical hotel-labor-practices-borne stressors. The impacts of these stressors differed from the hypothesis that traditional hotel-work stressors positively affect job satisfaction and organizational commitment. The findings showed that job satisfaction and organizational commitment significantly explained job performance, subjective well-being, and prosocial behavior, but they did not significantly influence turnover intention. Hotel employees’ pre-pandemic perceptions of occupational stressors and their consequences also differed significantly from their perceptions after the pandemic had broken out.     

Points mechanisms and rewards programs

I study points programs, such as frequent flyer and other rewards programs, as a revenue management tool. I develop a two‐period contracting model where a capacity‐constrained firm faces consumers who privately learn their valuations over time. The firm cannot commit to long‐term contracts, but it can commit to allocate any unsold capacity through a points program. This points scheme creates an endogenous and type‐dependent outside option for consumers, which generates novel incentives in the firm's pricing problem. It induces the firm to screen less ex interim, and to offer lower equilibrium prices, reversing the intuition of demand cannibalization.     

Visitors with their ‘Backs to the archaeology’: religious tourism and archaeology

This paper presents a conceptual analysis of the crossover between religious tourism and archaeology. It begins with a clarification of what religious tourism is and continues to consider the link between archaeological sites, religious heritage and religious tourism. It then moves on to a supply-focused typology of sites and a typology of visitors according to their characteristics. It also discusses the primary conflicts existing today between archaeology and religious tourism. In light of this discussion, it concludes with thoughts on possible future research needs. The paper conceptualized the multiple relationships between religious tourism and religious archaeology. Archaeological remains that also serve as attractions for religious tourism appear to have unique characteristics, the understanding of which is important for long-term planning and development that will take into consideration archaeological, religious, political, and tourism needs. A better understanding of these contexts may also ultimately contribute to our understanding of the development versus conservation arguments facing archaeological areas.     

Does forced migration increase regional human rights commitment? The cases of Malaysia and Thailand in ASEAN

ABSTRACT

Why do non-democratic governments commit to human rights on a regional level? We argue that the negative externalities of political repression, operationalized as large amounts of transnational refugee flows, affect states’ willingness to commit to human rights. Neighbouring governments commit to human rights to send a signal to their repressive neighbours that repression will no longer be tolerated. We use official UNCHR data, a number of other secondary sources, as well as congruence analysis and process tracing to demonstrate the relevance of the theory for the Association of Southeast Asian Nations (ASEAN) and Malaysia and Thailand in particular.     

Exploring religious tourist experiences in Jerusalem: The intersection of Abrahamic religions

By considering the importance of religious tourism for travel and the tourism industry, this study aims to identify religious tourists' experiences in Jerusalem, as one of the most important holy cities. By a survey, 848 data were collected from the Jewish, Christian, and Muslim religious tourists. Results showed that religious tourism experience was a multi-faceted construct, which consists of engaging mentally, discovering new things, interacting & belonging, connecting spiritually & emotionally, and relaxing & finding peace dimensions. By using these dimensions, perceived experience differences of tourists were examined depending on religion. Moreover, religious tourism experience was identified to significantly affect overall tourist satisfaction with Jerusalem. The study concluded with discussion of the findings and their implications.     

The COVID-19 pandemic and organisational commitment of senior hotel managers

The COVID-19 pandemic will reduce the attractiveness of hospitality occupations. This particularly concerns senior management positions whose holders may substitute hospitality jobs with more secure and rewarding employment in other economic sectors. Organisational resilience of hospitality businesses, including their response to COVID-19, and corporate social responsibility (CSR) practices may, however, affect perceived job security of senior managers and, thus, influence their commitment to remain in their host organisations. This paper quantitatively tests the inter-linkages between the above variables on a sample of senior managers in hotels in Spain. It finds that the levels of organisational resilience and the extent of CSR practices reinforce perceived job security of managers which, in turn, determines their organisational commitment. Organisational response to COVID-19 affects perceived job security and enhances managers’ organisational commitment. To retain senior management teams in light of future disastrous events, hotels should, therefore, strengthen their organisational resilience and invest in CSR.