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Stochastic modelling of the home equity access scheme 住房权益准入方案的随机建模
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2022-08-31 DOI: 10.1177/03128962221120954
Tyson Lamarra, Aaron Bruhn, Michael Miller
The housing wealth of elderly homeowners is emerging as a key asset to support Australians in retirement. The Australian government's Home Equity Access Scheme allows elderly Australians to access the equity in their home and utilise this illiquid wealth. Through stochastic modelling of the scheme, this paper compares two strategies of drawing down housing wealth and provides a framework for comparing strategies that balances income, flexibility and longevity protection. The first strategy supplements other sources of retirement income, whereas the second strategy is similar to a contingent deferred annuity, with non-housing assets drawn down first. Although results vary by cohort and objective, the role of the scheme as a vehicle to protect against poverty in old age is emphasised. This reinforces the potential of home ownership as a financial asset in retirement, in addition to benefits conferred through housing ownership over the entire life cycle. JEL Classification: G22,G51
老年房主的住房财富正在成为支持澳大利亚人退休的关键资产。澳大利亚政府的房屋净值计划允许澳大利亚老年人获得房屋净值,并利用这些非流动性财富。通过对该方案的随机建模,本文比较了两种提取住房财富的策略,并为平衡收入、灵活性和长寿保护的策略提供了一个比较框架。第一种策略补充了其他退休收入来源,而第二种策略类似于或有递延年金,首先提取非住房资产。尽管结果因群体和目标而异,但该计划作为防止老年人贫困的工具的作用得到了强调。除了在整个生命周期中拥有住房所带来的好处之外,这也加强了住房所有权作为退休后金融资产的潜力。JEL分类:G22、G51
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引用次数: 0
State ownership, sustainable supply chain management, and firm performance: A natural experiment of the US–China trade conflict 国家所有权、可持续供应链管理和企业绩效:美中贸易冲突的自然实验
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2022-08-13 DOI: 10.1177/03128962221116147
Yunting Feng, Yusi Jiang
Under the increased global uncertainty, this study extends prior research on sustainable supply chain management (SSCM) and firm performance by investigating the divergent performance outcomes between state-owned enterprises (SOEs) and non-SOEs, before and after the US–China trade conflict. Based on a sample of 7647 firm-year observations of Chinese listed firms, we found that SOEs experienced less severe performance impact from the trade conflict. Moreover, SOEs with more SSCM practices, including supplier management and customer cooperation, could harvest more performance improvement after the trade conflict, while non-SOEs receive performance reduction by doing so. Theoretical and practical implications are provided. JEL classification: C12, D21, F51, L33
在全球不确定性增加的情况下,本研究通过调查美中贸易冲突前后国有企业和非国有企业的不同绩效结果,扩展了先前对可持续供应链管理(SSCM)和企业绩效的研究。基于对中国上市公司7647个公司年度的抽样观察,我们发现国有企业受到贸易冲突的业绩影响较小。此外,具有更多SSCM实践(包括供应商管理和客户合作)的国有企业在贸易冲突后可以获得更多的绩效提升,而非国有企业则通过这样做获得绩效降低。JEL分类:C12、D21、F51、L33
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引用次数: 1
The impact of business model workforce configurations on value creation and value appropriation in the Australian aged care sector 商业模式劳动力配置对澳大利亚老年护理行业价值创造和价值分配的影响
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2022-07-21 DOI: 10.1177/03128962221109279
D. Brown, Nelson Ma, Jin Sug Yang, N. Sutton, G. McAllister, Deborah Parker, Olivia Rawlings-Way, Rachael L Lewis
This article examines the influence of business model workforce configurations on value creation and capture in a skills-based service setting, extending previous research on business model performance. We investigate workforce configurations (higher versus lower stability and skills) and value creation and appropriation in aged care organisations. More skilled and stable workforces are associated with greater value creation but not appropriation, while less skilled and less stable workforces are associated with lower value creation and higher appropriation. This informs a substantive challenge in delivering value creation while ensuring financially viable business models in a sector with significant consequences for quality failure. JEL Classification: J24 - Human Capital • Skills • Occupational Choice • Labor Productivity; L2 - Firm Objectives, Organization, and Behavior; M12 - Personnel Management; I11 - Analysis of Health Care Markets
本文考察了商业模式劳动力配置对基于技能的服务环境中价值创造和获取的影响,扩展了以前对商业模式绩效的研究。我们调查了老年护理组织的劳动力配置(稳定性和技能较高与较低)以及价值创造和分配。技能更高、更稳定的劳动力与更大的价值创造有关,但与挪用无关,而技能更低、更不稳定的劳动力则与更低的价值创造和更高的挪用有关。这为实现价值创造带来了实质性挑战,同时确保该行业的商业模式在财务上可行,并对质量失败产生重大影响。JEL分类:J24-人力资本•技能•职业选择•劳动生产率;L2——企业目标、组织和行为;M12——人事管理;I11-医疗保健市场分析
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引用次数: 0
Adoption of artificial intelligence in auditing: An exploratory study 人工智能在审计中的应用:一项探索性研究
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2022-07-07 DOI: 10.1177/03128962221108440
Ravi T. Seethamraju, Angela Hecimovic
Artificial intelligence (AI) is likely to transform the audit profession. This exploratory study, by utilising the technology–organisation–environment (TOE) framework and data from semi-structured interviews, identifies several technological (perceived benefits, compatibility, maturity), organisational (readiness, data quality, trust) and environmental (audit standards, regulation, client readiness) factors influencing the adoption of AI tools in audit practice. While AI has the potential to improve audit quality and deliver value-adding services to audit clients, our study concludes that AI adoption requires a rethink of audit practice considering the perceived lack of control in AI ‘black-box’ potentially rendering audit practice even more hidden from view and exposed to increased scrutiny over audit quality. JEL Classification: M42, O31, O32, O33
人工智能(AI)可能会改变审计行业。这项探索性研究利用技术-组织-环境(TOE)框架和半结构化访谈的数据,确定了影响审计实践中采用人工智能工具的几个技术(感知利益、兼容性、成熟度)、组织(准备就绪、数据质量、信任)和环境(审计标准、监管、客户准备就绪)因素。虽然人工智能有可能提高审计质量,并为审计客户提供增值服务,但我们的研究得出结论,考虑到人工智能“黑匣子”中缺乏控制,可能会使审计实践更加隐蔽,并面临对审计质量更严格的审查,采用人工智能需要重新思考审计实践。JEL分类:M42、O31、O32、O33
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引用次数: 3
A daily diary study on the affective path between leadership practices and leaders’ personal helping 领导实践与领导个人帮助情感路径的日记研究
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2022-07-07 DOI: 10.1177/03128962221107078
Phoenix HH Chan, Herman H. M. Tse, Joshuah Howard, N. Eva, M. To, Jing Qian, Aijing Xia
While anecdotally we know that leaders vary in their willingness to help followers depending on the time of a day, this within-person variability is not well-understood in the leadership literature. Based on the Affective Events Theory, we take a temporal dynamic view to address this issue. Specifically, we propose that leaders’ engagement in leadership practices earlier in the workday will lead to positive affect later the same day, increasing their personal helping the next day. We used the experience sampling methodology and collected data from 120 full-time leaders three times a day over two consecutive workweeks to test our hypotheses (n = 839 observations). By identifying three types of daily leadership practices that trigger daily variations in leaders’ positive affect and personal helping, our research challenges the dominated view in the existing research that leaders’ personal helping is not static and it can be varied throughout a workday. JEL Classification: M50
虽然我们知道领导者在一天中的不同时间帮助下属的意愿会有所不同,但在领导力文献中,这种个人内部的可变性并没有得到很好的理解。基于情感事件理论,我们采取时间动态的观点来解决这一问题。具体来说,我们建议领导者在工作日早些时候参与领导实践会在当天晚些时候产生积极影响,从而增加他们第二天的个人帮助。我们采用经验抽样方法,在连续两个工作周内每天三次收集120名全职领导者的数据,以检验我们的假设(n = 839个观察结果)。通过确定三种类型的日常领导实践,触发了领导者的积极影响和个人帮助的日常变化,我们的研究挑战了现有研究中的主导观点,即领导者的个人帮助不是静态的,它可以在整个工作日内变化。JEL分类:M50
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引用次数: 1
Frontline managers’ task-related emotion regulation, emotional intelligence, and daily stress 一线管理者的任务相关情绪调节、情商与日常压力
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2022-06-28 DOI: 10.1177/03128962221105407
A. Troth, K. Townsend, R. Loudoun, Matt Burgess
Research has focused on employee emotion regulation as a stable dispositional tendency. Yet effective and healthy emotion regulation requires flexibly choosing between different regulation strategies in response to various workplace situational demands. In this study, we investigate the between- and within-person emotion regulation differences of 83 frontline managers across 10 working days. Using affective events theory, we examine managers’ use of three main emotion regulation strategies (cognitive reappraisal, suppression, expression) in response to the negative affect they experience while engaging in various tasks, and the consequences for their daily stress. The moderating effects of four emotional intelligence abilities are also examined. Our results demonstrate negative emotions associated with work tasks are regulated in ways that are determined by stable, situational, and personal factors. Practical implications for organizations are considered. JEL Classification: JEL code - D23
员工情绪调节作为一种稳定的倾向,一直是研究的重点。然而,有效健康的情绪调节需要灵活选择不同的调节策略,以应对不同的工作场所情境需求。在本研究中,我们调查了83名一线管理人员在10个工作日内的人际情绪调节差异。利用情感事件理论,我们研究了管理者在处理各种任务时所经历的负面影响时使用的三种主要情绪调节策略(认知重评、抑制、表达),以及它们对日常压力的影响。研究了四种情绪智力能力的调节作用。我们的研究结果表明,与工作任务相关的负面情绪是由稳定因素、情境因素和个人因素决定的。考虑了对组织的实际影响。JEL分类:JEL代码- D23
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引用次数: 0
A Call for Policy Relevant Research 呼吁进行政策相关研究
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2022-06-22 DOI: 10.1177/03128962221106033
Andrew B. Jackson
The importance of evidence-based research in informing practice is of vital importance. Academic researchers are in a unique position to contribute to this, having the mix of skill sets, objectivity, and time to consider the issues at hand. Indeed, regulators such as the Australian Accounting Standards Board continually welcome evidence-based research to help inform the development of accounting standards, and to assist in post-implementation reviews. Academics, however, do not always see the benefits of engaging in such policy relevant activities. The current incentive structure around publishing is such that chasing top-tier publications is key, even if it is of little practical relevance to society. It is also noteworthy that while research published in top-tier journals often address important phenomena, because of their global audience, they often leave little room for local context or issues of domestic importance. The bias against publishing no-results studies is also a detractor for researchers to begin a project with a high risk of finding no results and limiting publication potential. Insignificant results, however, from a policy perspective is of great importance in drafting policy. This debate is not new and keeps being rediscussed. Instead of re-analysing the same issues over and over as others have done (Hambrick, 1994; Tourish, 2020), the Australian Journal of Management has chosen to instil positive change. Within universities, especially in Australia, the role academics play in society is shifting. There are constant messages to demonstrate how we are able to engage with industry, and the government has a high priority around the commercialisation and, perhaps more fitting for business and management academics, the translation and societal impact of research. To this extent, how research is able to inform policy debates will become highly regarded. At the Australian Journal of Management, we recognise the importance of research that engages with industry and policy, and is able to inform practice. We are also aware of the bias against publishing no-result studies, but the importance of such to policy makers. Accordingly, we are introducing a new stream of submissions around policy issues that follows a pre-registered model. The model for policy-based research will involve an initial submission that highlights the policy-related research question, the importance of the question, and the method upon which data will be collected and analysed. It is key to note that no data are to have been collected at this point.
循证研究在告知实践中的重要性至关重要。学术研究人员在这方面处于独特的地位,他们拥有技能、客观性和时间来考虑手头的问题。事实上,澳大利亚会计准则委员会等监管机构不断欢迎循证研究,以帮助为会计准则的制定提供信息,并协助实施后的审查。然而,学术界并不总是看到从事此类政策相关活动的好处。目前围绕出版业的激励结构是这样的,追逐顶级出版物是关键,即使它对社会几乎没有实际意义。同样值得注意的是,尽管发表在顶级期刊上的研究往往涉及重要现象,但由于其受众遍布全球,它们往往很少为当地背景或国内重要问题留出空间。对发表无结果研究的偏见也是研究人员在开始一个项目时发现无结果和限制发表潜力的高风险的一个不利因素。然而,从政策角度来看,微不足道的结果在起草政策时具有重要意义。这场辩论并不是什么新鲜事,而且不断被重新讨论。《澳大利亚管理杂志》没有像其他人那样一遍又一遍地重新分析同样的问题(Hambrick,1994;Tourish,2020),而是选择灌输积极的变革。在大学内部,尤其是在澳大利亚,学术界在社会中扮演的角色正在发生变化。不断有信息表明我们能够与行业合作,政府高度重视商业化,也许更适合商业和管理学者,研究的翻译和社会影响。在这种程度上,研究如何能够为政策辩论提供信息将受到高度重视。在《澳大利亚管理杂志》上,我们认识到与行业和政策相关的研究的重要性,并能够为实践提供信息。我们也意识到对发表无结果研究的偏见,但这对政策制定者来说很重要。因此,我们正在引入一系列新的关于政策问题的意见书,遵循预先注册的模式。基于政策的研究模式将包括一份初步提交文件,其中强调与政策相关的研究问题、问题的重要性以及收集和分析数据的方法。需要注意的是,目前还没有收集到任何数据。
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引用次数: 1
How aging affects opportunity-necessity entrepreneurship: Demographic and perceptual view 老龄化如何影响机会-需要型创业:人口统计学和感性观点
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2022-06-22 DOI: 10.1177/03128962221101084
Yu-Yu Chang, Daniel A. Sanchez-Loor, H. Hsieh, Wei-Shiun Chang
Drawing upon the social-cognitive view and the intentionality-based entrepreneurial behavior model, this study investigates how individuals’ demographics and perceptions affect entrepreneurial intentions and how the effects vary along with age. The data were collected from the Global Entrepreneurship Monitor 2015, which includes 35,141 respondents from 60 countries. Our finding suggests an inverted U-shaped relationship between age and both types of entrepreneurship. We also found a gender gap indicating that women and men are more likely to engage in necessity and opportunity entrepreneurship, respectively. Moreover, higher income and education lower the probability of necessity entrepreneurship, whereas higher income motivates opportunity entrepreneurship. JEL Classification: L26, M13
基于社会认知观点和基于意向的创业行为模型,本研究探讨了个体的人口统计学和认知如何影响创业意向,以及这种影响如何随着年龄的变化而变化。这些数据来自2015年全球创业观察,包括来自60个国家的35141名受访者。我们的发现表明,年龄与两种类型的创业之间存在倒u型关系。我们还发现了性别差异,表明女性和男性更有可能分别从事必要性创业和机会创业。此外,较高的收入和教育水平降低了必要性创业的概率,而较高的收入则激励了机会创业。JEL分类:L26, M13
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引用次数: 1
Nonlinear hedge fund index clones? 非线性对冲基金指数克隆?
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2022-06-13 DOI: 10.1177/03128962221102184
Mikhail Walden, P. Lajbcygier
Cloning hedge fund indexes circumvents the many challenges associated with direct hedge fund investment. Theoretically, hedge fund indexes could have nonlinear exposures to the economic risk factors that drive their returns and may require nonlinear clones. By using flexible statistical models, we enable the choice between linear and nonlinear clones. We demonstrate that for certain hedge fund styles, nonlinear index clones are crucial for high fidelity replication. Nonlinear clones both facilitate economic insights to cloning and enhance the best linear clones. JEL classification: G10, G23, C15
克隆对冲基金指数规避了与直接对冲基金投资相关的许多挑战。从理论上讲,对冲基金指数可能对驱动其回报的经济风险因素有非线性敞口,可能需要非线性克隆。通过使用灵活的统计模型,我们可以在线性和非线性克隆之间进行选择。我们证明,对于某些对冲基金风格,非线性指数克隆对高保真复制至关重要。非线性克隆既促进了对克隆的经济认识,又增强了最佳线性克隆。JEL分类:G10、G23、C15
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引用次数: 0
Enhancement of resilience and quality of cold supply chain under the disruptions caused by COVID-19: A case of a developing country 2019冠状病毒病中断下提高冷供应链韧性和质量:以发展中国家为例
IF 4.8 4区 管理学 Q3 BUSINESS Pub Date : 2022-06-09 DOI: 10.1177/03128962221095596
Amin Ullah Khan, Y. Ali
Cold supply chain (CSC) comprises temperature-sensitive processes, starting from the supply of raw materials, manufacturing, and finally the delivery of finished goods to the end consumers via transport services. Pandemics such as COVID-19 pose threats to its overall functioning and to cater to this issue, the study will ensure the sustainable functioning of CSC by recommending resilience strategies. To do so, the COVID-19 disruptions in the CSC and the resilient sustainability strategies were collected via a vigorous literature review and were analyzed via a Fuzzy QFD technique. The results concluded “crisis simulation,” “identification and securing of logistics,” and “digitalization of cold supply chain” as the top three strategies to ensure the resilience of CSC under disruptions caused by COVID-19. The study recommends necessary steps to the policymakers to ensure a resilient and quality effective CSC. The application of the study proves to be the first of its kind in a developing country such as Pakistan. JEL Classification: C54, D81, H12
冷供应链(CSC)包括对温度敏感的过程,从原材料供应、制造开始,最后通过运输服务将成品交付给最终消费者。COVID-19等大流行病对CSC的整体运作构成威胁,为了解决这一问题,该研究将通过推荐复原力战略来确保CSC的可持续运作。为此,通过大量文献综述收集了COVID-19对CSC的破坏和弹性可持续性战略,并通过模糊QFD技术进行了分析。结果显示,在新冠肺炎疫情下,确保CSC弹性的三大战略是“危机模拟”、“物流识别和保障”、“冷供应链数字化”。该研究向政策制定者建议了必要的步骤,以确保有弹性和质量有效的CSC。这项研究的应用在巴基斯坦这样的发展中国家尚属首次。JEL分类:C54, D81, H12
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引用次数: 8
期刊
Australian Journal of Management
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