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Time after time: exploring the role of CSR on employees’ long-lasting working relationships in Italy

IF 6.4 1区经济学 Q1 BUSINESS

Small Business Economics

Pub Date : 2025-03-07 DOI: 10.1007/s11187-025-01019-0

Ulpiana Kocollari, Fabio Demaria, Maddalena Cavicchioli

Recent research has focused on the employee’s perspective in experiencing Corporate Social Responsibility (CSR) strategies. The purpose of this work is to empirically investigate the drivers of employees’ long-lasting working relationships when CSR strategies are in place. A sample of 441 employees across 21 small and medium-sized enterprises (SMEs) spanning various industries in Italy is surveyed to collect data on CSR-related experiences. Then, dimensionality reduction techniques and nonlinear models are applied to self-reported data. The empirical analysis reveals the following: (i) at the individual level, intrinsic CSR initiatives are of major importance; (ii) at the organizational level, sudden changes in perceived leadership hit negatively, especially during crises; and (iii) at the intermediate level, promoting happiness at work (HAW) enhances CSR strategies, creating favorable conditions even for dissatisfied workers. Therefore, the investigation enriches the CSR micro-foundation literature by examining the role of multifaceted layers in implementing CSR strategies in SMEs. In turn, this brings important implications for managers dealing with the phenomenon of the “great resignation.”

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引用次数: 0

The effect of health insurance reimbursement rates on middle-aged and elderly people's hospital choices: evidence from China.

IF 2.7 3区经济学 Q1 ECONOMICS

Health Economics Review

Pub Date : 2025-03-07 DOI: 10.1186/s13561-025-00606-x

Biao Li, Xiang Liang, Xiulin Qi

Background: Adjusting the health insurance reimbursement rate is essential to optimize the allocation of medical resources. This paper investigates the effect of health insurance reimbursement rates on middle-aged and elderly people's choice of hospitals in China.

Methods: This study is conducted using the China Health and Retirement Longitudinal Study (CHARLS) database. This paper uses the widely used ordered logit model for estimation. We build three types of instrumental variables, Bartik instrumental variable, per capita financial income, and health risk perception bias, with the help of the propensity score matching method, aiming at the cleanest possible identification of causal relationship. Furthermore, we use a mediating effects model to investigate the specific mechanism by which the reimbursement rate influences patients' choice of hospitals.

Results: Our findings reveal that the higher a hospital's reimbursement rate, the more likely a patient is to choose to seek care. This paper further calculates the marginal effects based on the benchmark regression. For every 1% increase in health insurance reimbursement rates, the probability of patients choosing primary hospitals decreases by 5.75%, choosing secondary hospitals decreases by 1.47%, and choosing tertiary hospitals increases by 7.22%. According to mechanistic analysis, this paper reveals for the first time that health signals from medical checkups significantly impact patients' health care choices. In addition, we discuss the heterogeneity of hospital choices by region, age, and health status.

Conclusions: The results mean that when individuals are faced with a multitude of hospitals and are overwhelmed with choices, some small institutional designs can act as a nudge to help policymakers achieve a desirable outcome. The government should fully utilize health insurance's benefit adjustment role and implement a differentiated reimbursement strategy.

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引用次数: 0

International trade barriers, export and industrial resilience: An empirical study based on the EU and USA antidumping and countervailing policies on photovoltaic products

IF 9.3 2区经济学 Q1 ECONOMICS

Energy Policy

Pub Date : 2025-03-07 DOI: 10.1016/j.enpol.2025.114556

Mudan Wang, Zeyu Xie

The increasing trade barriers imposed by the EU and the USA on China have created a challenging environment for the growth of Chinese emerging and high-tech industries. This paper, which is based on new trade theory with substitutes, examines how antidumping and countervailing policies (ACPs) from the EU and the USA impact Chinese photovoltaic exports and firm numbers. Using product-level trade data, business registration data, and patent application data, a staggered DID model is employed to assess the effects on exports, firm entry, and innovation. The results show that ACPs resulted in a significant decrease in short-term Chinese PV exports of approximately 87.5% and a reduction in the number of new entrants of approximately 10.7%. However, in the long term, both exports and firm entry exhibited a “V-shaped” rebound, with firm entry rebounding faster and more significantly. Further analysis revealed that ACPs led to a rapid increase in domestic photovoltaic capacity and a sustained rise in patent applications, highlighting the effectiveness of expanding the domestic market and focusing on technological innovation to counter international trade barriers.

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引用次数: 0

Corrigendum to “Green energy policies and energy poverty in Europe: Assessing low carbon dependency and energy productivity” [Energy Economics Volume 136, August 2024, 107677]

IF 13.6 2区经济学 Q1 ECONOMICS

Energy Economics

Pub Date : 2025-03-07 DOI: 10.1016/j.eneco.2025.108356

Gonzalo H. Soto , Xavier Martinez-Cobas

引用次数: 0

Is Social Media the New Retirement Advisor? Assessing the Impact of Social Media Influence on Retirement Planning

IF 2.5 3区经济学 Q3 BUSINESS

Journal of Consumer Affairs

Pub Date : 2025-03-07 DOI: 10.1111/joca.70005

Zefeng Bai, Shuxin Zheng, Jinglin Hu

This study investigates the impact of social media adoption on individual retirement planning, as indicated by borrowing from retirement accounts. Utilizing the latest 2021 cohort of the National Financial Capability Study, we find that greater reliance on social media is associated with a significantly higher likelihood of retirement borrowing, which may lead to long-term financial instability. A follow-up causal analysis using the propensity score matching (PSM) and instrumental variable (IV) design confirms this positive relationship. Moreover, we find that job loss positively moderates the relationship between social media reliance and retirement borrowing. While the traditional framework of information asymmetry suggests that increased transparency and accessibility benefit individuals, our findings highlight the need to consider the complexity of information processing in the era of big data, which requires greater financial knowledge and literacy. Additionally, our results underscore the critical role of financial education in effectively processing the complex information available on social media, particularly during market stress.

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引用次数: 0

Jobs, skills and regional implications of the low carbon residential heat transition in the UK

IF 9.3 2区经济学 Q1 ECONOMICS

Energy Policy

Pub Date : 2025-03-07 DOI: 10.1016/j.enpol.2025.114579

Christian F. Calvillo, Antonios Katris, Long Zhou, Karen Turner

This paper investigates the regional employment implications of the projected UK heat pump rollout, emphasizing the availability of a skilled workforce as a crucial enabler. The UK labour market, however, faces persistent worker and skills shortages, posing delivery and cost challenges and triggering wage-cost pressures that could displace employment across the economy. This highlights an urgent policy need to understand not only the level, type, quality, and regional location of labour demand but also the drivers and potential mitigation strategies.

Using regional economic and workforce data, we map results from our dynamic economy-wide Computable General Equilibrium (CGE) model to provide new insights into the spatial distributional impacts of the UK heat pump rollout. Our findings indicate that net job creation is outpaced by real income gains, primarily driven by construction and manufacturing activities. Some regions exhibit lower relative job creation, partly due to rising labour costs affecting wage- and labour-intensive industries (e.g., finance, hospitality). Where energy efficiency gains from heat pump use translate to energy bill savings, the resulting boost to household spending power can help offset negative job impacts in consumer-facing sectors and host regions.

This novel integrated analysis makes a significant contribution by developing urgently needed, robust, and detailed evidence based on a strengthened understanding of the low-carbon heat labour and skills demands, while also considering critical factors such as labour mobility and competition. The produced insight and the proposed approach has the potential to be applicable to analyse other energy transitions.

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引用次数: 0

Climate risk and predictability of global stock market volatility

IF 5.4 2区经济学 Q1 BUSINESS, FINANCE

Journal of International Financial Markets Institutions & Money

Pub Date : 2025-03-06 DOI: 10.1016/j.intfin.2025.102135

Mingtao Zhou, Yong Ma

This study examines the informative role of climate risk in improving the predictability of global stock market volatility. By aggregating four climate risk proxies of Faccini et al. (2023), relating to physical climate impacts and climate mitigation actions, we reveal that aggregate climate risk is a significantly positive predictor of stock volatility across 32 international markets. This predictability persists in out-of-sample tests and cannot be subsumed by relevant economic and financial uncertainty measures. However, the predictive power of aggregate climate risk exhibits noteworthy variations over time and across regions; it weakens when economic conditions deteriorate, whereas it strengthens following the Paris Agreement and in regions with advanced financial development, high energy intensity, and strong climate change readiness. Moreover, by dissecting the multiple facets of climate risk, we show that physical risks, especially natural disasters, have much stronger predictability than transition risks. These predictive insights offer valuable guidance for risk management, policy planning, and the adjustment of asset pricing models in response to the evolving global climate risk landscape.

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引用次数: 0

A review of five books by Pengjun Zhao and team on transport and urban transformation in China

IF 6.5 1区经济学 Q1 DEVELOPMENT STUDIES

Habitat International

Pub Date : 2025-03-06 DOI: 10.1016/j.habitatint.2025.103356

Becky P.Y. Loo

This is a review of five books in the Springer series on Population, Regional Development and Transport authored by Professor Pengjun Zhao and his team. Each book deals with a key aspect of the interrelationship of transport with a phenomenon which is of great significance in contemporary China. The review outlines the contents of these books, recommends a sequence of reading, and identifies the value and significance of the five books as a collection.

引用次数: 0

Failing to Finish: The role of employer effects on advanced education attainment

IF 1.8 3区经济学 Q2 ECONOMICS

Economics of Education Review

Pub Date : 2025-03-06 DOI: 10.1016/j.econedurev.2025.102637

Alexander J. Chesney

This paper investigates how promotion policies impact advanced education attainment on employees throughout a career. Using administrative data from the U.S. Department of Defense (DoD), I leverage a natural experiment where academic credentials were masked from promotion consideration. I exploit an event study and difference-in-differences design to find individuals are 14 percentage points (26 percent relative to the mean) less likely to complete a master’s degree when education credentials are no longer considered for promotion. I then explore possible mechanisms by describing how a graduate degree’s promotion premium fluctuates before and after the policy change. I show attendance at for-profit institutions declined substantially after the policy reform; however, I find the promotion premium of a master’s degree from a for-profit to be similar to other academic institutions.

引用次数: 0

Assessing pathways for pursuing coherence between local implementation of emerging alternative economic approaches and international investment law

IF 6.6 2区经济学 Q1 ECOLOGY

Ecological Economics

Pub Date : 2025-03-06 DOI: 10.1016/j.ecolecon.2025.108566

Ted Gleason

International investment law has potential unintended consequences on emerging local experiments in economic governance aiming to decouple economic growth from the use of natural resources and environmental degradation. While local regulatory measures may appear detached from international legal obligations, conduct of territorial governmental entities can be attributed to States on the same basis as central governments. Consequently, local measures which stray from 20th century economic paradigms and negatively impact projects protected under an operative international investment agreement may lead to international legal responsibility. This article seeks to answer the question of whether international investment law creates barriers to local implementation of alternative economic approaches. It finds that such barriers exist and explores avenues for overcoming such obstacles in the near-term. The article also finds that local actors must pay attention to multi-layered considerations beyond the local context as regulatory measures implementing postgrowth or degrowth approaches are not isolated from other levels of governance. It also highlights pathways for ensuring local regulatory autonomy. It concludes that while conflict between international investment law and local alternative economic approaches will persist in the near future, immediately available albeit imperfect pathways to mitigate the risk of international responsibility for local regulatory measures are available.

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引用次数: 0

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