Asian Economic Journal最新文献_第9页

Impact of New Public Management on the Efficiency of Japanese Museums* 新公共管理对日本博物馆效率的影响*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2021-04-29 DOI: 10.1111/asej.12226

Miyuki Taniguchi

引用次数: 2

Corporate Social Responsibility, Firm Value and Corporate Governance Code Revisions: The Asian Evidence* 企业社会责任、企业价值与公司治理准则修订：亚洲证据*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2021-04-29 DOI: 10.1111/asej.12227

Chai-Aun Ooi, Chee-Wooi Hooy, Kyoko Nagata

{"title":"Corporate Social Responsibility, Firm Value and Corporate Governance Code Revisions: The Asian Evidence*","authors":"Chai-Aun Ooi, Chee-Wooi Hooy, Kyoko Nagata","doi":"10.1111/asej.12227","DOIUrl":"10.1111/asej.12227","url":null,"abstract":"The present study examines the relationship between corporate social responsibility (CSR) and firm value, and the effects of corporate governance code revisions on the relationship. We examine this relationship for: (i) a high-income country, Japan; (ii) middle-income countries China, Malaysia and Thailand; and (iii) low-income countries India and Indonesia. We use the Heckman two-stage sample selection bias approach for the empirical analysis. We find that Japanese stakeholder CSR and environmental CSR have a smaller positive effect on firm value compared to the middle-income countries, but we do not find any statistically significant association for the low-income countries. In addition, we find that only Japanese corporate governance code revisions significantly contribute to the positive relationship between CSR and firm value, which concurs with the new recommendations documented in the revised codes of corporate governance. The present study reveals that foreign major shareholders matter to the value creation of CSR in Japan and the middle-income countries of China, Malaysia and Thailand.","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"35 1","pages":"27-56"},"PeriodicalIF":1.3,"publicationDate":"2021-04-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/asej.12227","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43366171","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Trade Liberalization and Income Distribution in Vietnam: Dynamic CGE Approach* 越南贸易自由化与收入分配:动态CGE方法*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2021-02-05 DOI: 10.1111/asej.12224

Manh Toan Nguyen, Tung Lam Dang, Thi Hong Hanh Huynh

引用次数: 2

Is Homo Economicus An Ideal to be Pursued? Using US and Japan Survey Data* 经济人是一个值得追求的理想吗?使用美国和日本调查数据*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2021-02-05 DOI: 10.1111/asej.12222

Shoko Yamane, Hiroyasu Yoneda, Yoshiro Tsutsui

引用次数: 0

Influence of Egoistic and Altruistic Bequest Motives on the Willingness to Participate in Reverse Mortgages in China* 利己主义和利他主义遗赠动机对中国反向抵押贷款参与意愿的影响*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2021-02-05 DOI: 10.1111/asej.12225

Wei Han, Ping Wang, Hongjie Dong

{"title":"Influence of Egoistic and Altruistic Bequest Motives on the Willingness to Participate in Reverse Mortgages in China*","authors":"Wei Han, Ping Wang, Hongjie Dong","doi":"10.1111/asej.12225","DOIUrl":"10.1111/asej.12225","url":null,"abstract":"From the perspective of behavioral economics, this study uses a scenario simulation experiment and the ordered-probit econometric model to empirically analyze the influence of egoistic and altruistic bequest motives of the elderly on willingness to participate in reverse mortgages. The findings are as follows. (i) When controlling for the demographic characteristics of the elderly, the marginal probability of their willingness to participate in reverse mortgages is influenced by two constraints: the egoistic bequest motive and the altruistic bequest motive. However, compared with the egoistic bequest motive, the altruistic bequest motive more strongly affects such willingness. (ii) Improving satisfaction with community old-age services can significantly weaken the effects of the egoistic bequest motive on the willingness to participate in reverse mortgages, generally by weakening dependence on family old-age care. However, property tax implementation can significantly reduce the constraint effects of altruistic bequest motives on such willingness, mainly by affecting the cost of housing inheritance to the children. (iii) To increase demand for reverse mortgages, financial institutions should constantly innovate and optimize the operation modes of reverse mortgages to more efficiently cope with the influence of egoistic and altruistic bequest motives of the elderly. Government departments should continuously promote property tax reform and improve the quality of community services for the aged to indirectly promote willingness to participate in reverse mortgages.","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"34 4","pages":"430-463"},"PeriodicalIF":1.3,"publicationDate":"2021-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/asej.12225","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45406671","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 6

Does Trade Elasticity Vary Across Regimes? New Evidence from Korean Exports, Incorporating Regime Changes* 不同制度的贸易弹性不同吗?包括政权更迭在内的韩国出口新证据*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2021-02-05 DOI: 10.1111/asej.12223

Sei-Wan Kim, Moon Jung Choi

引用次数: 0

Determinants of Corporate Bankruptcy: Evidence from Chaebol and Non-Chaebol Firms in Korea 企业破产的决定因素:来自韩国财阀和非财阀企业的证据

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-11-27 DOI: 10.1111/asej.12218

Jounghyeon Kim

{"title":"Determinants of Corporate Bankruptcy: Evidence from Chaebol and Non-Chaebol Firms in Korea","authors":"Jounghyeon Kim","doi":"10.1111/asej.12218","DOIUrl":"10.1111/asej.12218","url":null,"abstract":"Using a panel dataset for the period of 1991–2001, the present paper explores the significant determinants that indicate the likelihood of bankruptcy for chaebol and non-chaebol firms in Korea, and identifies the differences in the determinants between the two types of firms, with an emphasis on their ownership and financial structures. Logit bankruptcy regressions show that largest shareholder ownership (i.e. ownership concentration) is likely to act as a corporate governance mechanism in reducing bankruptcy risk and that financial stability, operating experience and firm size are also important. In separate regressions for chaebol and non-chaebol firms, foreign ownership for chaebol firms and ownership concentration for non-chaebol firms emerge as significantly positive and negative bankruptcy determinants, respectively. In particular, bank ownership is identified as a positive factor for chaebol firms and a negative factor for non-chaebol firms. These outcomes suggest that ownership concentration and bank ownership are likely to play a monitoring role in lowering bankruptcy risk for non-chaebol firms. Outcomes from more elaborate estimations also suggest that overall, bank ownership enhances the monitoring role as a substitute for low foreign ownership.","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"34 3","pages":"275-300"},"PeriodicalIF":1.3,"publicationDate":"2020-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/asej.12218","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46020367","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 6

Access to Antenatal Care in Laos: Analysis Using National Level Survey* 老挝产前保健的可及性:使用国家层面调查的分析*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-11-27 DOI: 10.1111/asej.12220

Phanhpakit Onphanhdala, Vanvisa Philavong, Yoshihiko Kadoya, Mostafa S. Rahim Khan

引用次数: 2

Indonesian Living Standards over 50 Years: A Multidimensional Analysis 印尼50年来的生活水平:多维分析

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-11-27 DOI: 10.1111/asej.12221

Hal Hill

引用次数: 1

Determinants of Labor Force Participation and Wages in Thailand: What is the Role of the Informal Sector?* 泰国劳动力参与和工资的决定因素:非正规部门的作用是什么?＊

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-11-27 DOI: 10.1111/asej.12219

Nalitra Thaiprasert, Supanika Leurcharusmee, Peerapat Jatukannyaprateep, Jirakom Sirisrisakulchai

{"title":"Determinants of Labor Force Participation and Wages in Thailand: What is the Role of the Informal Sector?*","authors":"Nalitra Thaiprasert, Supanika Leurcharusmee, Peerapat Jatukannyaprateep, Jirakom Sirisrisakulchai","doi":"10.1111/asej.12219","DOIUrl":"10.1111/asej.12219","url":null,"abstract":"There has been a perennial debate on why the informal economy exists and grows in developing countries around the world. The present study focuses on the case of Thailand, one of the countries with the highest share of informal activities, to clarify whether its informal workers participate in the informal sector voluntarily or involuntarily. The confirmation matters for the design of government policies and public welfare. We separated the study into two levels. First, at the national level, we used the finite mixture model to examine the 2010 Population and Housing Census and estimate the wage equations for formal, voluntary informal and involuntary informal workers. Second, we focused on a local area for the case of Chiang Mai city, where we surveyed a sample of 393 informal business owners to understand their decision to participate in the informal sector. From both levels of study, we found heterogeneity among the informal workers, who could be classified into voluntary and involuntary groups. While those in the voluntary group stay in the informal sector because workers prefer time flexibility, those in the involuntary group stay because of family burdens. Both levels of data also showed that the Thai informal sector is dominated by the voluntary group (>70 percent).","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"34 3","pages":"301-326"},"PeriodicalIF":1.3,"publicationDate":"2020-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/asej.12219","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42159134","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0