The effect of sensation seeking and emotional brand attachment on consumers’ intention to consume risky foods in restaurants

Sensation seeking and emotional brand attachment have been studied extensively, but limited research has been conducted on “risky foods.” This study explored how sensation seeking, emotional brand attachment, and risky food consumption varies demographically, and the relationships among those variables. Approximately 300 responses were collected from a restaurant serving “risky” and “nonrisky” foods. Significant differences included that consumption of raw/undercooked fish/eggs was higher in younger groups. Females showed more affection toward emotionally attached restaurants. The hypotheses testing showed the positive relationship from sensation seeking and emotional attachment to risky food consumption. Results offer information about marketing to different demographic groups.     

Impacts of Ownership Balance and Nonexecutive Directors on Bank Performance and Risk Taking: Evidence from City Commercial Banks in China

This paper investigates the impacts of nongovernmental stake, ownership balance, and nonexecutive directors on bank performance and risk taking in city commercial banks (CCBs) in China. We find that ownership balance can improve CCBs’ financial performance and reduce their bankruptcy risk as well as nonperforming loan level. Nonexecutive directors can help reduce bankruptcy risk, but have no significant effect on performance or nonperforming loans. The impacts of ownership balance and nonexecutive directors become more prominent when the nongovernmental stake is relatively high, suggesting that mixed ownership reform can promote bank performance and risk control via these two avenues.     

对科学发展观的再认识

科学发展观是以人为本,全面、协调、可持续的发展观.坚持以人为本的科学发展观,最重要的就是促进人的全面发展--不断促进人的素质的全面提高和实现人与经济、社会、自然发展相协调.正确理解并贯彻科学发展观对我国社会主义现代化建设事业具有十分重大的意义.     

饭店员工主动流失问题研究

知识经济时代,人才资源是第一资源。人才是企业发展的“血液”,“留住人才”对企业至关重要。针对饭店员工来说,他们是饭店企业的核心灵魂,然而,目前饭店员工主动流失现象已成为饭店管理者关注的问题之一。文中通过对问题的提出,思索与讨论,向饭店的管理者提出了个人的看法。     

重庆承接外来服务业转移分析

在当前东部产业向中西部转移的大潮中,中西部地区承接外来产业转移是否成功,首先要看其是否具备承接基础和空间。研究表明,重庆市作为中西部最大的产业转移承接地,要充分利用承接外来服务业转移的历史机遇,深化改革、扩大开放,大力培育电子信息、外包承接、金融服务、总部经济等新兴的服务业,着力提升重庆服务业的整体水平。     

The determinants of high‐interest entrusted loans in China

We examine the determinants of high‐interest entrusted loans in China from the perspective of corporate risk‐taking. The results of a baseline model illustrate that the propensity to offer high‐interest entrusted loans increases with loose monetary policies, corporate cash holdings and firm age, and it decreases with firm size and growth opportunity. These findings support the claim that firms offer high‐interest entrusted loans mainly for short‐term profits. Other determining factors include CEO behavior traits, market imperfections and the intensity of corporate governance. Specifically, market imperfections create an opportunity for risk‐taking while CEO behavior and the intensity of corporate governance affect a firm's tendency to take risk and engage in high‐interest entrusted loans.     

Bank Liquidity Creation and Risk‐Taking: Does Managerial Ability Matter?

This study investigates the impact of managerial ability on banks' liquidity creation and risk‐taking behavior. We find that higher ability managers create more liquidity and take more risk. During times of financial crisis, however, higher ability bank managers reduce liquidity creation as a way to de‐leverage their balance sheets. Our findings inform recent theoretical and empirical studies that investigate determinants of liquidity creation and risk by introducing managerial ability as a prominent antecedent of the banks' intermediation and risk‐transforming service. Moreover, this study has policy‐related implications, since managerial ability can be quantified as a key performance indicator for prudential supervision of banks and could help regulators to target intervention efforts more purposefully during times of crisis.     

Foreign bank subsidiaries’ risk-taking behavior: Impact of home and host country national culture

This paper examines whether the risk-taking behavior of foreign affiliates of multinational banks is more influenced by the national culture of their parent banks’ home country or the national culture of foreign affiliates’ host country. The study uses a dataset of 292 foreign affiliates (i.e., subsidiaries or branch operations) operating in 66 countries having parent banks in 26 countries for empirical analysis. National culture of both home and host countries is measured with four dimensions—uncertainty avoidance, individualism, masculinity and power distance—of Hofstede's framework of national culture. Findings suggest that the national culture of parent banks’ home country has higher impact on the risk-taking behavior of foreign affiliates of multinational banks than the national culture of their host country. Specifically, foreign affiliates’ risk-taking is higher if parent banks’ home country has low uncertainty avoidance, high individualism and low power distance cultural values. This study extends our understanding that how informal institutions, such as the national culture, influence the financial decisions in multinational banks.     

相对业绩差距评估对基金经理风险承担的激励研究

基金经理在选择投资组合风险时,不仅会考虑基金的业绩排名,同时会考虑基金业绩之间的差距,由此提出了业绩差距排名,并提出了新的实证方法,即线性回归的方法来研究业绩差距排名对基金经理风险承担的影响,同时验证了BHS结论在中国基金市场中的适用性。结果表明BHS结论在中国基金市场中是不成立的,同时表明在中国基金市场中基金经理具有相对业绩排名目标,但此相对业绩排名是本文中所提出的业绩差距排名,此结论可以为监管部门规范基金投资行为以及为投资者选择基金提供参考。     

Specificity of reinforcement for risk behaviors of the Balloon Analog Risk Task using math models of performance

Risky decision-making has been studied using multitrial behavioral tasks. Concordance of such tasks to risky behaviors could be improved by: (1) mathematically modeling the components of decision change and (2) providing reinforcement specific to the risk behavior studied. Men completed two Balloon Analog Risk Tasks (BART). One provided financial reinforcement (money) and the other provided sexual reinforcement (seconds of erotic film viewing). Parameters of a mathematical model of BART performance were fit to each individual. Correlations between the model parameters and four risk categories (financial, sexual, antisociality, and substance use) demonstrated predictive utility for the same behaviors regardless of task reinforcement, providing little evidence of reinforcement specificity. A reward sensitivity parameter was uniquely related to sexual risk behavior. Additional analyses explored parameter stability fit to fewer trials.