Suchergebnisse

202202 bcvc ; Version of Record ; RGC ; Others ; RGC: Hong Kong Research Grants Council (Ref: PolyU 156020/17H) ; Others: Standing Committee on Language Education and Research of the Hong Kong SAR Government (Ref: EDB(LE)/P&R/EL/164/1) ; Published ; CUP (2021)

Following the recent literature on institutions and economic growth, we examine the effects of property rights protection on corporate R&D. Using a unique 2003 World Bank survey of over 2400 firms in 18 Chinese cities, we obtain the following findings: (1) property rights protection is positively and significantly related to corporate R&D activity (for both process and product R&D); (2) government services and helping hand are conducive to corporate R&D, while informal payments to government officials are not; and (3) government ownership of firms and direct appointment of CEOs are negatively associated with corporate R&D activities. We also find that corporate R&D is positively related to firm size, and access to finance, but negatively related to product market competition and firm age. © 2009 Elsevier B.V. ; postprint

We use a unique World Bank survey of 1088 private manufacturing firms from 18 Chinese cities over the period 2000-2002 to empirically examine the roles of managerial incentives and CEO characteristics in a firm's innovation activities. We look at both innovation effort (R&D intensity) and innovation performance measures such as new product sales. We obtain the following main results: (1) the presence of CEO incentive schemes increases both corporate innovation effort and innovation performance; (2) sales-based performance measures in the incentive scheme, as compared with profit-based performance measure, are more conducive to firm innovation; and (3) CEO education level, professional background and political connection are positively associated with firm's innovation efforts. The main results are robust to endogeneity tests with instrumental variables. We also discuss some important policy implications. © 2010 Association for Comparative Economic Studies. ; postprint

In this paper we study the determinants of job-related fast repeat migrations of the labor force of Taiwan, based on the linked microdata of national migration surveys from 1980 through 1989. The main findings are as follows. First, the propensity to make fast return migration is negatively affected by the level of education and positively affected by the duration of unemployment, which suggests that those with a limited labor-market knowledge and an unsuccessful job search are more prone to make a return migration. Second, the propensity to make fast onward migration is strongly enhanced by the number of previous moves and negatively affected by the duration of unemployment, which suggests that more experienced and more successful previous migrants are more prone to make an onward migration. Third, those whose reason for the previous migration was job search are more likely to make a fast return migration than those whose reason for the previous migration was job change or job transfer, which suggests that those who have secured a job at the destination before moving are less likely to be disappointed and to make a fast return migration than those who migrated before securing a job. Fourth, gender selectivity in fast onward migration is very strong in terms of both overall level and age pattern, which reflects the strong dominance of patriarchal ideology on Taiwanese society.

This study aims to investigate the development of Airbnb in China from the perspective of hospitality leaders by identifying the positive and negative effects of Airbnb development in the country. A qualitative approach was adopted to explore the current development of theaccommodation sharing service in China. Focus group discussions were conducted with the managers and top executives of hotels in China. Most of the participants affirmed that the experience of local culture and authenticity are the advantages of staying in this type of informal accommodation. From the viewpoint of hoteliers, traditional accommodation types must rethink their strategies by providing desired authentic experiences. By contrast, Airbnb may not seamlessly fit into Chinese culture. The result urges the government to regulate the informal accommodation platforms. The study provides views on Airbnb from the traditional accommodation sector in Mainland China, which can contribute to the future regulation of informal accommodation services.