Journal of Public Affairs最新文献_第8页

The Impact of Political Settings on Bank Competition: Evidence From US State-Chartered Banks 政治环境对银行竞争的影响：来自美国州立特许银行的证据

IF 1.8

Journal of Public Affairs Pub Date : 2025-11-12 DOI: 10.1002/pa.70093

Van Nguyen, Dinh Trung Nguyen, Quang Minh Pham, Thai Hoang Ta

{"title":"The Impact of Political Settings on Bank Competition: Evidence From US State-Chartered Banks","authors":"Van Nguyen, Dinh Trung Nguyen, Quang Minh Pham, Thai Hoang Ta","doi":"10.1002/pa.70093","DOIUrl":"https://doi.org/10.1002/pa.70093","url":null,"abstract":"<div>\u0000 \u0000 <p>We study the impact of state political settings on competition among state-chartered banks in mortgage lending. We consider three cases for state political settings in the United States: (1) Unified Republican, where both the state legislature and governorship are controlled by the Republican Party; (2) Unified Democratic, where both are controlled by the Democratic Party; and (3) Divided, where control is split between the two parties. It is often argued that deregulation creates more competition in many sectors of the economy, and while Republican control is associated with increases in deregulation, Democratic control is associated with reductions in deregulation. Using two measures of market competition including Concentration Ratio (CR) and the Herfindahl index (HHI), our empirical findings from staggered difference-in-differences suggest that competition among state-chartered banks in mortgage lending is stronger in unified Republican states than in unified Democratic states. Further cross-sectional analyses show that risky banks, defined as those with lower equity capital ratios and z-scores, are more sensitive to political settings in terms of their market shares. Our study contributes to the growing literature on the influence of politics on financial markets.</p>\u0000 </div>","PeriodicalId":47153,"journal":{"name":"Journal of Public Affairs","volume":"25 4","pages":""},"PeriodicalIF":1.8,"publicationDate":"2025-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145529817","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

When Politics Meets Finance: The Moderating Role of Political Uncertainty on Investment–Cash Flow Sensitivity 当政治遇上金融：政治不确定性对投资-现金流敏感性的调节作用

IF 1.8

Journal of Public Affairs Pub Date : 2025-10-28 DOI: 10.1002/pa.70088

Imen Fakhfakh

{"title":"When Politics Meets Finance: The Moderating Role of Political Uncertainty on Investment–Cash Flow Sensitivity","authors":"Imen Fakhfakh","doi":"10.1002/pa.70088","DOIUrl":"https://doi.org/10.1002/pa.70088","url":null,"abstract":"<p>This study investigates how political uncertainty influences the relationship between internal cash flow and corporate investment decisions among US firms. Using a dataset of 5817 firm-year observations from 1079 publicly listed companies between 2013 and 2021, we analyze the moderating effect of both firm-level political risk (PRISK) and country-level economic policy uncertainty (EPU) on investment–cash flow sensitivity (ICFS). The empirical evidence indicates a positive and statistically significant relationship between cash flow and corporate investment. However, when interacted with political uncertainty metrics, both at the macroeconomic level (EPU) and firm-specific level (PRISK), this relationship experiences a significant reduction in magnitude. This attenuation of ICFS persists regardless of whether political uncertainty is measured as a systematic or idiosyncratic risk factor. This negative moderating effect remains robust across various specifications, including controls for financial constraints, different PRISK components, and alternative estimation methods (GMM and 2SLS) using R&D expenditures as an instrumental variable. These results highlight the complex interplay between political uncertainty and firm investment behavior, particularly for financially constrained firms. The findings have important practical implications for corporate managers, investors, and policymakers, who must consider political uncertainty as a critical factor influencing investment strategies and capital allocation. This research contributes to the literature by integrating multiple dimensions of political uncertainty into the analysis of ICFS, offering new perspectives on how external risk factors alter internal financial decision-making dynamics.</p>","PeriodicalId":47153,"journal":{"name":"Journal of Public Affairs","volume":"25 4","pages":""},"PeriodicalIF":1.8,"publicationDate":"2025-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/pa.70088","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145407021","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Blockchain and E-Participation: New Affordances and Challenges for Digital Political Participation b区块链和电子参与：数字政治参与的新支持和挑战

IF 1.8

Journal of Public Affairs Pub Date : 2025-10-27 DOI: 10.1002/pa.70087

Maxat Kassen

{"title":"Blockchain and E-Participation: New Affordances and Challenges for Digital Political Participation","authors":"Maxat Kassen","doi":"10.1002/pa.70087","DOIUrl":"https://doi.org/10.1002/pa.70087","url":null,"abstract":"<div>\u0000 \u0000 <p>E-participation has been regarded by e-government practitioners and researchers around the world as an ultimate strategic goal of many innovative public service delivery models. However, one of the objective obstacles in advancing the concept in such political reforms was the fact that the public sector has always resorted to centralization of information management workflows in advancing related e-government policies and platforms, rendering all related transactions top-down by nature. Thus, the public sector has always been a conceptual initiator, decision maker, and implementer of these innovations in quite a directive manner. In this regard, this article aims to understand how blockchain technology changes the status quo in promoting adoption models for e-participation services, elaborating on new democratic opportunities that make digital governance more participative and collaborative in an intrinsically decentralized and distributed way, as well as discussing new affordances and risks that can actually undermine digital participation and paradoxically enhance existing political inequalities in modern society.</p>\u0000 </div>","PeriodicalId":47153,"journal":{"name":"Journal of Public Affairs","volume":"25 4","pages":""},"PeriodicalIF":1.8,"publicationDate":"2025-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145406604","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Optimal Public Program and Economic Growth: Theory and Evidence From a Developing Country 最优公共规划与经济增长：来自发展中国家的理论与证据

IF 1.8

Journal of Public Affairs Pub Date : 2025-10-19 DOI: 10.1002/pa.70086

Júlio Vicente Cateia, Luc Savard

引用次数: 0

Hospitals' Resilience: An Evidence-Based Framework for Sustaining the “Coping” Phase in Non-Linear and Continuous Crises 医院的弹性：在非线性和连续危机中维持“应对”阶段的循证框架

IF 1.8

Journal of Public Affairs Pub Date : 2025-10-14 DOI: 10.1002/pa.70085

Elisa Mori, Franca Cantoni, Paolo Gaetano Bisogni, Elena Zuffada

{"title":"Hospitals' Resilience: An Evidence-Based Framework for Sustaining the “Coping” Phase in Non-Linear and Continuous Crises","authors":"Elisa Mori, Franca Cantoni, Paolo Gaetano Bisogni, Elena Zuffada","doi":"10.1002/pa.70085","DOIUrl":"https://doi.org/10.1002/pa.70085","url":null,"abstract":"<p>This study investigates the critical domains and factors of resilience that enable hospitals to recover during extraordinary crises, using the COVID-19 pandemic as a case study. Resilience factors are categorized into four performance criteria: robustness, redundancy, resourcefulness, and rapidity, offering an evidence-based framework for evaluating hospital resilience capabilities. The research employs a two-round Delphi method, involving 13 experts from six major hospitals in Lombardy, to identify key factors across eight domains: supply and storage, layout redesign, strategic decision-making, organizational flexibility, HR management, procedures, knowledge management, and information/communication. The study finds that resourcefulness and redundancy were the most significant resilience factors, emphasizing the importance of interdisciplinary collaboration, structured decision-making, and spatial reorganization. The results highlight that adaptability, collaboration, and redundancy are essential for enhancing hospital preparedness and response during health emergencies. This research provides practical insights and a structured framework for hospitals to assess and strengthen their resilience, improving their readiness for future health crises.</p>","PeriodicalId":47153,"journal":{"name":"Journal of Public Affairs","volume":"25 4","pages":""},"PeriodicalIF":1.8,"publicationDate":"2025-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/pa.70085","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145316911","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

A Strategic Roadmap for Sustainable Corporate Social Responsibility: The Role of Social Audit, Inclusive Growth, and Creating Shared Value 可持续企业社会责任的战略路线图：社会审计的作用、包容性增长和创造共享价值

IF 1.8

Journal of Public Affairs Pub Date : 2025-10-11 DOI: 10.1002/pa.70084

Trilochana Dash, Chandan Kumar Sahoo

{"title":"A Strategic Roadmap for Sustainable Corporate Social Responsibility: The Role of Social Audit, Inclusive Growth, and Creating Shared Value","authors":"Trilochana Dash, Chandan Kumar Sahoo","doi":"10.1002/pa.70084","DOIUrl":"https://doi.org/10.1002/pa.70084","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates how social audit (SA) influences sustainable corporate social responsibility (SCSR), with particular emphasis on the mediating roles of inclusive growth (IG) and creating shared value (CSV). A cross-sectional survey design was adopted, and primary data were collected from 409 beneficiaries of CSR programs in Odisha, India, using convenience sampling and a structured questionnaire. Factor analysis and linear regression techniques were applied to validate the constructs and explore preliminary associations, while Structural Equation Modeling was used to test the hypothesized framework. The results demonstrate that SA positively contributes to SCSR, both directly and indirectly through IG and CSV. These findings underscore the importance of transparent auditing mechanisms in strengthening accountability, promoting equitable development, and aligning business objectives with societal needs. The study advances CSR scholarship by integrating governance (SA), developmental (IG), and strategic (CSV) perspectives into a unified model of SCSR. Practically, the results provide actionable insights for managers and policymakers seeking to design credible, impactful, and sustainable CSR strategies, particularly in emerging economies where regulatory mandates and developmental challenges intersect.</p>\u0000 </div>","PeriodicalId":47153,"journal":{"name":"Journal of Public Affairs","volume":"25 4","pages":""},"PeriodicalIF":1.8,"publicationDate":"2025-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145272712","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Foreign Direct Investment, Global Value Chain Participation, and Sustainable Development in Sub-Saharan Africa 撒哈拉以南非洲地区的外国直接投资、全球价值链参与与可持续发展

IF 1.8

Journal of Public Affairs Pub Date : 2025-10-08 DOI: 10.1002/pa.70081

Romanus Osabohien, Kingsley Imandojemu, Amar Hisham Jaaffar, Timothy Aderemi, Oluwatoyin Matthew, Risikat O. Dauda

{"title":"Foreign Direct Investment, Global Value Chain Participation, and Sustainable Development in Sub-Saharan Africa","authors":"Romanus Osabohien, Kingsley Imandojemu, Amar Hisham Jaaffar, Timothy Aderemi, Oluwatoyin Matthew, Risikat O. Dauda","doi":"10.1002/pa.70081","DOIUrl":"https://doi.org/10.1002/pa.70081","url":null,"abstract":"<div>\u0000 \u0000 <p>This study empirically examines the relationship existing among Global Value Chain (GVC) participation, Foreign Direct Investment (FDI), and sustainable development within sub-Saharan Africa (SSA) from 2000 to 2023, leveraging data from 39 countries. Employing a Panel Vector Autoregression (PVAR) approach, the study analyzes the dynamic and bidirectional relationships among these variables, addressing critical issues such as endogeneity, heterogeneity, and cross-sectional dependence. Empirical results reveal that increased participation in GVC participation positively contributes to sustainable development, although the impact is limited and short-lived. Similarly, FDI was found to significantly enhance sustainable development, underlining its catalytic role in SSA economies. Conversely, the regulatory framework demonstrates mixed results; stricter regulations, unexpectedly, exhibit a negative direct impact on sustainable development, but positively respond to increased sustainable development performance, highlighting potential delays, or indirect pathways through which regulations affect sustainability. Variance decomposition analysis underscores the importance of GVCs, FDI, and regulatory intensity as drivers influencing sustainable development outcomes, while impulse response functions further explain the temporal effects of shocks across these variables. The study recommends policies fostering technological innovation, targeted green investments, and robust regulatory frameworks to maximize the sustainable development benefits derived from GVC integration and FDI inflows.</p>\u0000 </div>","PeriodicalId":47153,"journal":{"name":"Journal of Public Affairs","volume":"25 4","pages":""},"PeriodicalIF":1.8,"publicationDate":"2025-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145272148","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Does COVID-19 Affect Migrants and Natives Similarly? An Investigation Into Health and Employment Impacts COVID-19对移民和当地人的影响相似吗？健康和就业影响调查

IF 1.8

Journal of Public Affairs Pub Date : 2025-10-08 DOI: 10.1002/pa.70082

Jing Zhao, Yang Yi, Yiwen Shangguan

引用次数: 0

Rural Citizen Satisfaction With Drinking Water Supply: Public Policy Imperatives for a South African Municipality 农村居民对饮用水供应的满意度：南非市政当局的公共政策要求

IF 1.8

Journal of Public Affairs Pub Date : 2025-10-07 DOI: 10.1002/pa.70076

Sinethemba B. Mpisane, Genius Murwirapachena

引用次数: 0

Tax Evasion: The Interplay of Happiness and Public Governance in Europe and OECD Nations 逃税：幸福与公共治理在欧洲和经合组织国家的相互作用