American Journal of Economics and Sociology最新文献_第8页

Clan Culture, Socioemotional Wealth and Family Business Social Responsibility 家族文化、社会情感财富与家族企业社会责任

IF 1 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-03-07 DOI: 10.1111/ajes.12622

Yali Zhao, Ran Zhou

{"title":"Clan Culture, Socioemotional Wealth and Family Business Social Responsibility","authors":"Yali Zhao, Ran Zhou","doi":"10.1111/ajes.12622","DOIUrl":"https://doi.org/10.1111/ajes.12622","url":null,"abstract":"<div>\u0000 \u0000 <p>Clan culture, a central element of China's traditional heritage, profoundly influences the corporate social responsibility practices of family businesses, shaping their behavior through deeply ingrained values and philosophical principles. We empirically examine the impact of clan culture on the corporate social responsibility of family businesses listed on China's Shanghai and Shenzhen stock exchanges from 2010 to 2020. The findings show that clan culture encourages family businesses to engage in corporate social responsibility. However, family business operational difficulties weaken the positive impact of clan culture on corporate social responsibility, while the negative public image strengthens this impact. Mechanism testing reveals that socioemotional wealth plays a mediating role in the relationship between clan culture and corporate social responsibility. Specifically, clan culture improves family businesses' focus on restricted, maintained and extended socioemotional wealth, thereby promoting their proactive engagement in corporate social responsibility. Further analysis shows that clan culture has a greater impact on internal corporate social responsibility than on external corporate social responsibility. Additionally, different dimensions of socioemotional wealth affect internal and external corporate social responsibility in distinct ways. Specifically, under the influence of clan culture, family businesses' focus on restricted and extended socioemotional wealth promotes a proactive approach to internal corporate social responsibility. In contrast, an emphasis on restricted and maintained socioemotional wealth drives external corporate social responsibility. Our study enhances understanding of the internal mechanisms driving corporate social responsibility in family businesses from the perspective of clan culture and offers empirical evidence and managerial insights on how to leverage and sustain the spiritual value of clan culture.</p>\u0000 </div>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"84 5","pages":"653-670"},"PeriodicalIF":1.0,"publicationDate":"2025-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145436285","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

Structural Change Effect of Institutions Quality: Empirical Evidence From Developing Countries 制度质量的结构变迁效应：来自发展中国家的经验证据

IF 1 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-03-06 DOI: 10.1111/ajes.12623

Issa Dianda, Patrice Rélouendé Zidouemba, Fié Faiçal Traoré

{"title":"Structural Change Effect of Institutions Quality: Empirical Evidence From Developing Countries","authors":"Issa Dianda, Patrice Rélouendé Zidouemba, Fié Faiçal Traoré","doi":"10.1111/ajes.12623","DOIUrl":"https://doi.org/10.1111/ajes.12623","url":null,"abstract":"<div>\u0000 \u0000 <p>We investigate the heterogeneous effects of institutional quality on structural change across 88 developing countries from 2000 to 2018. For our empirical analysis, we employ ordinary least squares, two-stage least squares, quantile regressions, and the generalized method of moments. Our findings reveal that higher institutional quality promotes structural change, with a particularly pronounced effect in countries at the lower end of the structural transformation spectrum. While all dimensions of institutions quality contribute to structural change, their impacts vary: economic institutions (government effectiveness and regulatory quality) exert the most substantial influence, followed by institutional governance-related dimensions (control of corruption, rule of law) and, to a lesser extent, political institutions (political stability, voice, and accountability). Furthermore, institutional quality has a stronger positive effect on structural change in low-income countries compared to middle-income countries. These findings suggest that policymakers should prioritize enhancing institutional quality to drive structural transformation.</p>\u0000 </div>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"84 5","pages":"639-651"},"PeriodicalIF":1.0,"publicationDate":"2025-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145436415","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

Technology Licensing With Strategic Corporate Social Responsibility in a Vertically Differentiated Duopoly 纵向差异化双头垄断中具有战略企业社会责任的技术许可

IF 0.9 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-02-26 DOI: 10.1111/ajes.12620

Dongdong Li, Wenyao Lin, Chenxuan Shang

引用次数: 0

Unveiling the Possibilities to Minimize the External Debt Burden Through Remittances in Top Remittance's Recipient Countries: A Quantile Regression Approach 揭示通过汇款最多的受援国汇款来减少外债负担的可能性：分位数回归方法

IF 0.9 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-02-24 DOI: 10.1111/ajes.12619

Gilal Ashfaque Ali, Liu Hong, Niaz Hussain Ghumro

{"title":"Unveiling the Possibilities to Minimize the External Debt Burden Through Remittances in Top Remittance's Recipient Countries: A Quantile Regression Approach","authors":"Gilal Ashfaque Ali, Liu Hong, Niaz Hussain Ghumro","doi":"10.1111/ajes.12619","DOIUrl":"https://doi.org/10.1111/ajes.12619","url":null,"abstract":"<div>\u0000 \u0000 <p>Despite considerable inflows from worker remittances, foreign direct investment (FDI), and foreign grants, many top remittance-receiving countries continue to grapple with a growing external debt burden, posing a critical issue for policymakers and researchers. This study seeks to explore strategies to reduce external debt by investigating factors that either contribute to or mitigate foreign borrowing. Using panel data from 1991 to 2022, drawn from the World Development Indicators (WDI), the study applies Westerlund, Pedroni, and Kao co-integration tests alongside Fully Modified OLS (FMOLS) and Dynamic OLS (DOLS) to address econometric challenges like serial correlation, autocorrelation, endogeneity, and unit roots. To ensure robustness, the study validates findings through Canonical Correlation Analysis and quantile regression, reinforcing the FMOLS and DOLS results. The analysis indicates that worker remittances, FDI, and economic growth significantly alleviate the external debt burden, while factors like debt servicing, gross capital formation, and imports exacerbate it, leading to increased borrowing. Based on these findings, the study recommends that governments enhance economic growth by channeling remittances through formal means and investing them in high-return, productive sectors. Additionally, controlling debt servicing and imports is suggested to better manage external debt.</p>\u0000 </div>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"84 3","pages":"535-545"},"PeriodicalIF":0.9,"publicationDate":"2025-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143905184","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

Atmospheric carbonization through private forestry 私营林业造成的大气碳化

IF 0.9 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-01-31 DOI: 10.1111/ajes.12571

Marty Rowland

引用次数: 0

Congratulations to Robert Schalkenbach Foundation on 100 Years 祝贺罗伯特·沙肯巴赫基金会成立100周年

IF 0.9 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-01-29 DOI: 10.1111/ajes.12618

Vernon K. Walker

引用次数: 0

When Economic Prowess Is a Liability—Unpredictable Black Swan Events Such as the Financial Crisis and COVID-19 Pandemic Disrupt Hotel Value Dynamics 当经济实力成为一种负担时——金融危机和COVID-19大流行等不可预测的黑天鹅事件会破坏酒店价值动态

IF 0.9 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-01-15 DOI: 10.1111/ajes.12615

Ying Chen, Don Capener

{"title":"When Economic Prowess Is a Liability—Unpredictable Black Swan Events Such as the Financial Crisis and COVID-19 Pandemic Disrupt Hotel Value Dynamics","authors":"Ying Chen, Don Capener","doi":"10.1111/ajes.12615","DOIUrl":"https://doi.org/10.1111/ajes.12615","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the relationship between operating efficiency and firm value in the hotel industry during the most recent economic crises: the 2008–2009 financial crisis and the COVID-19 pandemic. Both were Black Swan events that were difficult or impossible to predict in advance. Using a sample of 161,031 hotel firms from 1991 to 2023, we employ OLS and GLS regression models and seemingly unrelated regression analyses to perform the quantitative analysis. Our findings reveal that operating efficiency generally positively impacts firm value, but this relationship varies significantly depending on the nature of the crisis. During the financial crisis, the positive impact of efficiency on firm value was amplified, particularly for financially more robust hotels. Conversely, during the COVID-19 pandemic, the efficiency-value relationship remained stable, with financially more robust hotels experiencing a more pronounced negative impact. These results highlight the need for context-specific approaches to hotel financial management and valuation during Black Swan events, contributing to the literature on hospitality crisis management and financial performance.</p>\u0000 </div>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"84 3","pages":"521-534"},"PeriodicalIF":0.9,"publicationDate":"2025-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143905365","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

The Economics of External Information and Risky Behavior: A Case Study of Avalanche Forecasting and Backcountry Incidents 外部信息和风险行为的经济学：雪崩预测和边远地区事件的个案研究

IF 0.9 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-01-14 DOI: 10.1111/ajes.12617

Perry Ferrell, Joshua C. Hall, Yang Zhou

{"title":"The Economics of External Information and Risky Behavior: A Case Study of Avalanche Forecasting and Backcountry Incidents","authors":"Perry Ferrell, Joshua C. Hall, Yang Zhou","doi":"10.1111/ajes.12617","DOIUrl":"https://doi.org/10.1111/ajes.12617","url":null,"abstract":"<div>\u0000 \u0000 <p>Understanding risk taking is an important part of the economic analysis of human behavior. When engaging in risky behaviors, individuals rely on heuristics and external information. It is an open question as to whether external information about fluctuating risk reduces bad outcomes for risk takers. We examine this question using data from avalanche incidents in wintertime backcountry recreation. The number of people traveling in avalanche terrain in the United States has grown exponentially in the past more than 2 decades, yet major avalanche accidents have remained relatively constant. Using data from reported avalanche incidents in Colorado and Utah, this paper shows that additional avalanche forecasting services reduce dangerous incidents. A policy change in Colorado allows for a difference-in-differences estimation with neighboring forecast centers, which gives causal estimates of forecasting reducing incidents by 42% on higher danger days. This reduction may be partially offset by an increase in incidents on lowest rated danger days.</p>\u0000 </div>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"84 3","pages":"503-519"},"PeriodicalIF":0.9,"publicationDate":"2025-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143905343","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

Economic Freedom and Presidential Elections: A Bayesian Spatial Probit Hierarchical Modeling Approach 经济自由与总统选举：贝叶斯空间概率分层建模方法

IF 0.9 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-01-13 DOI: 10.1111/ajes.12616

Donald J. Lacombe, Timothy Shaughnessy

引用次数: 0

The Belt and Road Initiative and Urban Entrepreneurship: Evidence From the Opening Policy From China “一带一路”倡议与城市创业：来自中国开放政策的证据

IF 0.9 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-01-10 DOI: 10.1111/ajes.12614

Ding Xiong, Xin Zhong, Kai Sun, Sirui Zhao

{"title":"The Belt and Road Initiative and Urban Entrepreneurship: Evidence From the Opening Policy From China","authors":"Ding Xiong, Xin Zhong, Kai Sun, Sirui Zhao","doi":"10.1111/ajes.12614","DOIUrl":"https://doi.org/10.1111/ajes.12614","url":null,"abstract":"<div>\u0000 \u0000 <p>Entrepreneurship is a vital source of high-quality employment in China and is crucial in advancing Chinese-style modernization. Using panel data from 281 prefecture-level cities in China from 2003 to 2021, this study employs difference-in-differences and double machine learning models to examine the impact of the Belt and Road Initiative (BRI) on entrepreneurship. The research findings are as follows: The BRI implementation significantly enhances entrepreneurship at city and provincial levels, with results remaining robust across various tests. The BRI promotes entrepreneurship through industrial innovation, digital trade development, and economic agglomeration. Heterogeneity analysis reveals that the BRI's positive effects on entrepreneurship are more pronounced in small and medium-sized cities and central and western regions. Furthermore, the BRI exhibits significant spatial spillover effects, stimulating entrepreneurship in neighboring cities. The initiative also effectively reduces relative disparities in entrepreneurship across regions, particularly between eastern, central, and western areas, thus promoting coordinated regional development. Additionally, triple-difference results indicate that the BRI's positive effects on urban industrial innovation are mainly concentrated in manufacturing sectors such as energy, equipment, and information technology. This study complements the BRI's effects and provides policy implications for narrowing regional entrepreneurship gaps and promoting high-quality full employment in China.</p>\u0000 </div>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"84 3","pages":"481-496"},"PeriodicalIF":0.9,"publicationDate":"2025-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143905001","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