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Your conditions: Management Science
  • Decision on public goods can only be made by a public authority is a corollary of Arrow’s Impossibility Theorem

    Subjects: Management Science >> Management Theory Subjects: Library Science,Information Science >> Utilization of Information Subjects: Other Disciplines >> Synthetic discipline submitted time 2024-05-12

    Abstract: Purpose/Significance Arrow’s Impossibility Theorem (AIT) was stated and proved by Kenneth Joseph Arrow, one of the winners of the Nobel Prize in Economics in 1972. The New Economic and Financial Dictionary defines that the statement that a reasonable strategic decision on public goods can only be made by a competent public authority as a corollary of AIT. This corollary relationship has been widely circulated on the Internet and taught in classrooms, and established as a correct conclusion with AIT. However, this corollary relationship is not rigorous, or even wrong, and would lead the study on public choice, public economics, welfare economics, administrative jurisprudence and other disciplines in our country astray. Therefore, it is necessary to clarify misdirection from the theory, steer relevant disciplines toward the right direction.  Method/Process Literature examination method were employed to review the origin and development of this corollary relationship, clarify the connotation and extension of related concepts in different disciplines, as well as the evolution logic of the relationship between related concepts. Result/Conclusion Relevant literature shows that this statement was first associated with AIT in the article Administrative Compulsion and the Realization of the Public Interest. Later, it was excerpted as a definition of AIT in the New Economic and Financial Dictionary and became a corollary of AIT. If the statement were a corollary of AIT, then, as long as AIT holds, decisions on public goods can only be imposed or dictated by a public authority. But in this evolution process, the connotations of public goods and public authority have changed in different disciplines, and the relation between them has evolved, taking the statement as a corollary of AIT is not very tight. AIT indeed causes public goods decision-making difficulties, but studies in the field of public choice does not conclude that the dilemma of decision-making on supply of public goods, arising from AIT, should be left to the imposition or dictatorship of the public authorities. On the contrary, they are committed to the institutional design of the voting mechanism in order to ensure that the supply of public goods is decided by population.

  • Digital Charity Medical Assistance: characteristics, Dilemmas and Optimal Allocation of Donations —5542 online fund-raising projects

    Subjects: Management Science >> Enterprise Management submitted time 2024-05-06

    Abstract: The value of charitable resources in favour of medical relief for patients with illnesses from families with financial difficulties still lacks a micro-foundation to support macro-decision-making. Using the national standard GB/T14396-2016 and binary logistic regression model, we explore the value, limitations and reform direction of digital charity medical assistance. The study shows that: the overall completion rate of fund-raising goals is less than 30%, the long-tail effect regulated by the loose donation mechanism is less significant, there are obvious disease category differences in the value of aid, the probability of project occurrence divergence is obvious, and the value of aid for serious diseases does not have the universality of disease categories. Based on the fact that the public trust capital signals of fund-raising entities and online platforms are effectively recognized by the society, the value of relief is positively correlated with the recognition of the effectiveness of online fund-raising channels. The main contributions of this paper are to explore the shift from good governance to governance , from disease fund-raising performance to payment , and to construct a good governance to Health-care payment model.The main contribution of this paper is to explore the ideas and countermeasures of good governance to governance , disease fund-raising performance to medical expense payment , constructing a benefit assessment mechanism centred on social value creation , and empowering charitable medical aid by block-chain and meta-universe, which contributes new content to the study of social governance innovation. This paper contributes new content to the study of social governance based on the advantage of the system of concentrating power to do great things , and enriches the long-tail theory. There are deficiencies in this paper in terms of discounting the value of online medical services and revealing the inner mechanism of the application scenario of charitable medical aid empowered by emerging technological productivity.

  • The Effectiveness of Sinking Supervision: Evidence from the Central Environmental Protection Inspection

    Subjects: Management Science >> Other Disciplines of Management Science submitted time 2024-04-03

    Abstract: This paper leverages data from listed firms and their affiliates from 2012 to 2020 to explore the role and status of the central environmental protection inspection in improving environmental governance. The results show that after the inspection team settled in a province, the investment stock of polluting firms in their local subordinate enterprises decreased by about 8%. Further mechanism analysis reveals a substitution relationship between the environmental regulatory systems established by local governments and enterprises autonomously and the direct supervision by the central authority. At the macro level, the impact of inspection actions is less significant in regions with a high emphasis on environmental protection, substantial financial investments in pollution control, sound legal systems, and high pollutant discharge efficiency. In other words, if listed firms have transferred production to areas with lax regulation, the impact of central environmental protection inspections will be greater. At the micro level, the impact of inspection actions on state-owned enterprises (SOEs) and politically unrelated enterprises is minor, as these enterprises tend to have higher investment intensity in environmental protection projects and good environmental performance. The substitution relationship between self-regulation and central supervision suggests that sinking regulatory actions organized by the central government can precisely target the weak links of local governments and enterprises in environmental governance, reflecting the significant role of central environmental protection inspections in improving relevant institutional constructions. Furthermore, the inspection actions also promote pollution enterprises to enhance resource utilization efficiency, as the total factor productivity of polluting enterprises increases after inspection actions. Similar inspection models also exist in various fields such as land resources and judiciary, the results of this paper provide evidence for the necessity and effectiveness of such systems.

  • A Study of Online Health Community Medication Counseling Based on Text Mining

    Subjects: Management Science >> Other Disciplines of Management Science Subjects: Other Disciplines >> Synthetic discipline Subjects: Medicine, Pharmacy >> Other Disciplines of Medicine and Pharmacology submitted time 2024-03-28 Cooperative journals: 《文献与数据学报》

    Abstract: [Purpose/Significance]Online health community has become an important way for people to obtain health information, and studying the demand of medication consultation of online health community users contributes to the optimization and sustainable development of online health community drug service. [Method/Process]Taking 39Health.com as an example, firstly, 59,048 medication consultation comments of gastrointestinal medicines are crawled using Python coding and pre-processed; secondly, the experimental data are subjected to theme keyword mining using text mining methods such as TF-IDF, TextRank, and LDA topic model, and keyword co-occurrence network analysis is carried out; lastly, a comprehensive analysis of the online health community users’ medication consulting needs of the theme characteristics, and put forward optimization suggestions. [Result/Conclusion] The results of this study show that online health community users are mainly concerned about the therapeutic effect of drugs, the way of taking drugs, adverse reactions, the difference between drugs, and the precautions to be taken during pregnant women and other special groups using drugs. This study provides a theoretical basis for drug manufacturers to adjust and optimize the content of drug manuals, and on the other hand, it provides a direction for online health communities to optimize the content layout of drug manuals and to establish or improve drug popularization services.

  • The Role of Bond Issuance in the Relationship Between Underwriters and Issuers

    Subjects: Management Science >> Other Disciplines of Management Science submitted time 2024-03-16

    Abstract: This article studies the role of bond issuance in building a cooperative relationship between underwriters and issuers. The results show that, firstly, bond issuance is an effective means for underwriters to establish cooperative relationships with listed companies. Both bond issuance experience and stock IPO issuance experience can significantly increase the probability of underwriters participating in the next private equity placement by the same issuer. Secondly, underwriters in IPOs of listed companies will reduce the risk premium of bonds to stabilize customer relationships by improving the quality of bond issuance; Listed companies are indeed more inclined to choose underwriters who have participated in their stock IPOs to issue bonds to enjoy lower financing costs. Thirdly, utilizing existing partnerships for bond issuance means that listed companies have higher risks. During the bond’s maturity, these issuers’ stocks are more likely to be subject to special treatment (ST) due to deteriorating fundamentals. In summary, these results provide evidence for the role of securities underwriting relationships in the Chinese capital market and also provide a reference for subsequent regulatory policy reforms.

  • How Tunisia Develops Handicrafts

    Subjects: Other Disciplines >> Synthetic discipline Subjects: Library Science,Information Science >> Information Science Subjects: Management Science >> Business Management of Department submitted time 2024-03-04

    Abstract: Purpose/significance Tunisia is famous for its handicrafts. A thematic study on how Tunisia develops its handicrafts could provide useful lessons for our country. Method/process This paper summarizes Tunisia’s experience in the development of handicrafts, based mainly on foreign research data and using literature review methods. Result/conclusion Tunisia has five main successful experiences in the development of handicrafts. First, the Tunisian government and all sectors of society have attached great importance to handicrafts and have jointly created a favorable environment for their development. Second, all parts of Tunisia have adapted their crafts to local conditions and have always maintained their crafts, which have been handed down from generation to generation. Third, the Tunisian government and all sectors of society have worked together to establish a relatively mature technical and vocational education and training system. Fourth, Tunisia has vigorously promoted the export of handicrafts to generate income. Fifth, Tunisian handicrafts have found their own way between tradition and modernity.

  • Impact of Repeated Two-Syllable Brand Names on Consumer Ethical Responses in Different Moral Contexts: A Mind Perception

    Subjects: Psychology >> Management Psychology Subjects: Management Science >> Enterprise Management submitted time 2024-02-02

    Abstract: Brand names serve as crucial touchpoints for establishing brand-consumer relationships and are integral components of brand assets. Linguistic studies on branding have established that the phonetic features of brand names can influence consumers’ cognition, emotions, and behavior. However, research on the impact and mechanisms of phonetic features on consumers’ ethical responses is limited. Based on the mind perception theory, this study explores the asymmetric paths through which the use of repeated two-syllable brand names influences consumers’ moral reactions in two different situations. Based on seven experiments, we determined that in the context of brands as moral agents, compared to non-repeated two-syllable brand names, repeated ones can alleviate consumers’ negative moral reactions (anger, disgust, blame, punishment intention) toward the brand by reducing the think dimension of brand mind perception (rather than the feel dimension). However, in the context of brands as moral patients, repeated two-syllable brand names enhance consumers’ positive moral reactions (sympathy, compassion, regret, and purchase intention) toward the brand by increasing the feel dimension of brand mind perception (rather than the think dimension).
    Experiment 1a was designed to derive experimental evidence on the relationship between repeated two-syllable brand name and consumers’ negative moral reactions in the context of moral agent. Experiment 1a (N=200) was a single factor (repeated two-syllable: yes vs. no) between-subjects design in which participants were randomly assigned to different groups to read a news report regarding an incident of vulgar advertising with repeated or non-repeated two-syllable brand names. Participants then reported their level of anger, disgust, and blame toward the brand. Experiment 1b (N=200), which had a similar between-subjects design as Experiment 1a, verified the relationship between repeated two-syllable brand name and consumers’ positive moral reactions in the context of moral patient. The participants were randomly assigned to two groups to read a news report regarding an incident of corporate data breach. They then reported their level of sympathy, compassion, and pity for the brand. Experiment 2a (N=196) was designed to confirm the mediating role of the think dimension of the brand in the relationship between repeated two-syllable brand name and consumers’ negative moral reactions in the context of moral agent. The experimental design was the same as that of Experiment 1a. Participants were randomly assigned to two groups to read a news report regarding an incident of drug companies raising drug prices despite patients. Participants then reported their level of anger, blame, feel dimension, think dimension, brand warmth, and brand competence toward the brand. Experiment 2b (N=196) verified the mediating role in the relationship between repeated two-syllable brand name and consumers’ positive moral reactions in the context of moral patient. The experimental design and procedure were identical to that in Experiment 1b. After reading a news report regarding the incident of corporate data breach, participants reported their level of sympathy, support, feel dimension, think dimension, brand warmth, and brand competence toward the brand. Experiment 3a sought to confirm the influence of repeated two-syllable brand name on downstream behavioral intention in the context of moral agent. Experiment 3a (N=296) was a single factor (repeated two-syllable: yes vs. no vs. “little”) between-subjects design; participants were randomly assigned to three groups to read the same news report as in Experiment 2a. They then reported their level of anger, disgust, blame, feel dimension, think dimension, and punishment intention toward the brand. Experiment 3b (N=292) verified the influence of repeated two-syllable brand name on downstream behavioral intention in the context of moral patient and was a similar between-subjects design to Experiment 3a. The participants were randomly assigned to three groups and asked to read a news report on an incident of one company being coerced by another. They then reported their level of sympathy, compassion, regret, feeling, thinking, and purchase intention for the brand. Experiment 4 (N=363) used a 2 (repeated two-syllable: yes vs. no) ´ 2 (moral agent vs. moral patient) between-subjects design to more rigorously demonstrate the effect of repeated two-syllable names in the same moral situation. Participants were randomly assigned to four groups and asked to read a news report on an incident of commercial bullying. In the moral agent group, the brand was a game production company that bullies other firms, and in the moral patient group, the brand was a game operation company that is bullied by other firms. The participants reported their level of unethical judgment on the incident and the level of feel and think dimensions toward the brand.
    A one-way analysis of variance (ANOVA) in Experiments 1a and 1b suggested that repeated two-syllable brand name could decrease consumers’ negative moral reactions toward the brand when it was a moral agent, whereas such brand name could increase consumers’ positive moral reactions when the brand was a moral patient. The ANOVA results of Experiment 2a and an examination of parallel mediation revealed that the think dimension of brand mind perception mediated the influence of repeated two-syllable brand name on consumers’ negative moral reactions. Based on the ANOVA and parallel medication analysis, the results of Experiment 2b revealed that feel dimension of brand mind perception mediated the influence of repeated two-syllable brand name on consumers’ positive moral reactions. At the same time, Experiment 2a ruled out alternative explanations for the stereotype content model. On the other hand, Experiment 2b established that after controlling for the indirect effect of the stereotype content model, a significant mediating effect of the mind perception theory remained. Meanwhile, the results of the serial mediation mechanism analysis in Experiments 3a and 3b revealed that in the moral agent context, repeated two-syllable brand names ultimately influence consumers’ intentions to punish by influencing the think dimension and negative moral reactions. However, in the moral patient context, repeated two-syllable brand names ultimately influence consumers’ purchase intention by influencing the feel dimension and positive moral reactions. In addition, the ANOVA and multi-category mediation mechanism analyses of Experiments 3a and 3b documented that repeated two-syllable brand name and “little” could produce similar effects in the moral agent and moral patient context. Finally, the results of the two-way ANOVA for Experiment 4 indicated significant interactions between repeated two-syllable names and moral roles in the immoral judgment of the incident and the feel and think dimensions of the brand. In the moral agent condition, participants in the repeated two-syllable group made fewer unethical judgments about the incident and perceived a lower level of the think dimension of the brand than participants in the non-repeated two-syllable group, but no significant difference was observed in the perceived level of feel dimension. In the moral patient condition, participants in the repeated two-syllable group made more unethical judgments about the incident and perceived a higher level of the feel dimension of the brand than those in the non-repeated two-syllable group, but no significant difference was observed in the perceived level of the think dimension.
    This study provides an innovative theoretical exploration of the causal relationship between sound symbolism and consumers’ reactions to business ethical crisis. Meanwhile, we reveal the mechanism by which the two dimensions (think and feel) of brand mind perception exist as asymmetric mediators. In addition, we employ the theory of mind perception to discover how people anthropomorphize non-human things, which deepens the exploration of the mechanisms of anthropomorphism-generating processes in the brand anthropomorphism literature. In a practical sense, our research not only provides reference for the design of brand names and nicknames but also directly assists in crafting public relations content for handling ethical crises and creating content for public service announcements.

  • Professional design, user design, or AI design? The psychological mechanism of the source of design effect

    Subjects: Psychology >> Applied Psychology Subjects: Management Science >> Enterprise Management submitted time 2024-01-28

    Abstract: The source of design effect is defined as the manner in which the source information of a firm’s product design affects consumer product preferences and corporate attitudes. Currently, there are three major sources: professional designers, users, and AI, each exerts either positive or negative influences on consumer preferences through different psychological mechanisms. The source of professional design influences consumer preferences through the perceived competence of expert designers, whereas the source of user design influences consumer preferences through the perceived capabilities of users, empowerment and the psychological distance between users and brands. Furthermore, the source of AI design influences consumer preferences by virtue of the value and information offered by products designed using AI. It is noteworthy that, the source of design effect is moderated by consumer individual differences, product characteristics and the openness of a firm’s design policy. Future research should delve deeper into consumer reactions to mixed design sources as well as the psychological mechanisms and boundary conditions of the source of design effect.
     

  • Industrial Metaverse: A New Era of Deep Integration and Development of Digital Technology and Real Economy

    Subjects: Management Science >> Other Disciplines of Management Science submitted time 2024-01-27

    Abstract:  In the era of the metaverse, the digital transformation of the manufacturing industry is an inevitable requirement for reshaping the manufacturing value chain and enhancing industrial competitiveness. The industrial metaverse combines digital technology with real industry, promotes the efficient development of physical industry, and constructs a new manufacturing and service system covering the entire industrial chain and value chain, which is a new stage of digital and intelligent development in industry and even industry. The metaverse is a more concrete synthesis of the digital future, and a new field for digital economic innovation and industrial chain expansion. The industrial metaverse is a work platform that combines real and virtual employees, completing the value chain cycle of industrial manufacturing, empowering the real world with virtual digital technology, and achieving the coexistence and integration of the real and digital worlds. Copying and changing the real world in the digital world, achieving intelligent, humanized, and crowdsourced innovative management. The article elaborates that digital transformation is the necessary path for high-quality development of enterprises, and the industrial metaverse is a new era of integrated development of the digital economy and the real economy. Briefly introduced the machine vision measurement of Gechuang Dongzhi and the digital twin solutions of Siemens and General Electric, as well as their effectiveness.
     

  • Segmentation or Integration? The Managerial Approach to Work-Family Balance in the Age of Virtual Team Work

    Subjects: Psychology >> Management Psychology Subjects: Management Science >> Enterprise Management submitted time 2024-01-24

    Abstract: The virtual team work mode has become an inevitable trend for the organization work, resulting in a significant characteristic, “boundarylessness”, with a high overlap between the work and family domains. Such boundaryless trend changes the premise of previous research and practice that work and family can be distinguished. Responding to this problem, some scholars suggested to follow this boundaryless trend and promote work-family integration. However, the managerial practice based on this principle resulted in a series of negative effects. This raises an important research question needed to be resolved under the trend of virtual team work mode: is the traditional work-family differentiation principle or the current work-family integration principle more suitable to enhance work-family balance? Do we need other new perspective to resolve this problem? In order to resolve this important research question, this study relies on social identity theory to assist the insufficient explanatory logic of conservation of resources theory, discussing the mechanism of team virtuality on employees’ work-family integration behavior, as well as the managerial intervention principle to achieve work-family harmony. This study helps to build a new theoretical framework for the study of work-family balance to promote the theory development in the intelligent digital era, and suggests a new management perspective to achieve work-family harmony.

  • Theoretical Reflections on Economy and Economics

    Subjects: Management Science >> History of Management Ideas submitted time 2024-01-24

    Abstract: This article discusses the basic categories of economics such as subject research objects, economic growth, industrial structure optimization, and capital, and explores several basic theoretical issues such as the disciplinary system of economic science, economic growth drivers, development laws of service industry, and economic distribution mechanisms. The clarification of these categories and theoretical issues is conducive to enhancing the scientific level of the economics discipline.

  • Research on consumer medication adherence: A two-stage theoretical model

    Subjects: Psychology >> Applied Psychology Subjects: Management Science >> Other Disciplines of Management Science submitted time 2024-01-18

    Abstract: The debate over whether individual health behavior changes occur in stages is currently a controversial focal point. Medication adherence, as a crucial indicator influencing health care outcomes, significantly impacts an individual's physical and mental well-being. Previous reviews of medication adherence levels have predominantly adopted a medical perspective, focusing on adherence behavior related to specific diseases. However, within the context of the increasingly market-driven health care industry, there is a dearth of research exploring the influence of information processing methods and psychological processes on consumer medication adherence behavior from the consumer's perspective. Additionally, existing research lacks theoretical categorization and discourse on adherence behavior. Drawing upon the two-stage theory model, this review examines factors within the marketing domain that influence consumer medication adherence behaviors, elucidating intervention strategies, and proposing future research trends and prospects. Theoretically, this contributes to understanding individual medication adherence behavior within the stages of health behavior change, enriching the stage theories within the health domain. Practically, it aids in better comprehending consumer mental health and behavioral patterns, offering marketing insights for chronic disease management.
     

  • marketing strategy; Online marketing; Liquor sales

    Subjects: Management Science >> Enterprise Management submitted time 2024-01-13

    Abstract: Abstract: The online marketing model can expand the business development boundary of Baijiu sales companies through marketing effect, marketing positioning and marketing innovation. However, in the online marketing model of Baijiu sales companies, there are still problems such as the shackles of traditional consumption concepts, imperfect laws and regulations, and lack of online marketing talents. Based on this, this paper proposes to optimize the convenience of online payment, consolidate the talent base of online marketing, and update the consumption concept, so as to help Baijiu sales companies develop high-quality online marketing models.

    Key words: Liquor company; Online marketing; Marketing risks; Response strategies

  • Female social entrepreneurship: A research proposal on identity strategies, legitimacy acquisition, and performance impact

    Subjects: Psychology >> Other Disciplines of Psychology Subjects: Management Science >> Other Disciplines of Management Science submitted time 2023-12-29

    Abstract: Identity, as the starting point for the entrepreneurial behavior and outcomes of female social entrepreneurs, is crucial in addressing the key issues they face - gaining legitimacy and enhancing entrepreneurial performance. However, there is still a lack of research on the relationship between female social entrepreneurs’ identity strategies and legitimacy acquisition, as well as on the underlying mechanisms of how identity integration enhances social entrepreneurial performance. Therefore, this study follows the progressive logic of “identity strategy-legitimacy acquisition- performance impact” to carry out three sub-studies. First, based on the identity theory, we explored the impact of identity strategies on women’s social entrepreneurial decision-making through experimental conjoint analysis. Second, based on the institutional logic perspective, we used fuzzy set qualitative comparative analysis (fsQCA) to explore the configurational impact of identity strategies on legitimacy acquisition. Finally, we constructed a theoretical model based on the identity theory to analyze the impact of female social entrepreneurs’ identity integration on social entrepreneurial performance. This model reveals the mediating role of legitimacy and the moderating role of social bricolage. Our research findings can help guide female social entrepreneurs to develop a clear self-cognition and make informed entrepreneurial decisions to successfully gain legitimacy, thus enhancing social entrepreneurial performance.

  • Committee overlap and internal control quality: professional spillovers or relational constraints? --Evidence from audit committee convenors

    Subjects: Management Science >> Enterprise Management submitted time 2023-12-19

    Abstract: Internal control has been the focus of the corporate governance system since SOX. As an important environment for internal control, the effectiveness of the corporate governance system is fundamental to ensure the effectiveness of internal control. Existing research on internal control mainly reveals the positive consequences of high quality internal control, but pays insufficient attention to the causes of low (high) internal control, especially the lack of research from the perspective of the corporate governance system, which fails to answer the question of "how to improve the corporate governance mechanism in order to improve internal control or what kind of corporate governance mechanism reduces internal control".
    The institutional design of independent directors aims to utilize their professional expertise (accounting, law, industry, etc.) to play a supervisory and advisory role. In the design of the corporate governance system, independent directors are governed by special committees of the board of directors, of which the audit committee requires a majority of independent directors and is convened by a sole director of finance and accounting. Existing research shows that, on the one hand, the professional characteristics of the audit committee play a positive role; on the other hand, the performance of independent directors is affected by social relations. China is a typical model of "relationship-based transactions". Under such an institutional background, relational transactions are a powerful tool to save transaction costs, but they may also form a "network of relationships" and influence individual behavior. This paper focuses on the question of whether the convenor of the audit committee, as an independent director, can play the role of "professional spillover" and have positive governance effects, or is affected by "relationship constraints" and unable to play the role of monitoring and advising. The quality of internal control is the starting point. Taking the quality of internal control as the starting point, if the audit committee convenor's concurrent service has a "professional spillover" effect, it should be able to observe that when the audit committee convenor concurrently serves on more committees, it will lead to a higher level of internal control; otherwise, it indicates that the performance of the audit committee convenor is subject to "relationship constraints".
    Using the annual data of non-financial listed companies in Shanghai and Shenzhen from 2011 to 2021, the empirical test finds that the quality of internal control is lower when the audit committee convenor serves on more specialized committees. The empirical evidence supports the "relationship constraint" hypothesis. The results are robust to statistical tests such as the discussion of alternative explanations and reverse causality, and the use of an instrumental variable for the average number of full professors in regional colleges and universities. Mechanisms are analyzed at two levels: the existence of relational constraints and the mitigation mechanisms.
    Overall, this paper chooses the unique corporate governance analysis perspective of audit committee convenor concurrent appointment to test the governance effectiveness of this internal concurrent appointment through its impact on internal control quality, and the study shows that this internal concurrent appointment is subject to relational constraints and fails to fulfill the expected governance role. This paper adds to the theoretical causes of low internal control quality in corporate governance, and at the practical level, it provides a reference for the current institutional reform of the participation of independent directors in decision-making and advisory roles.
     

  • Chinese Macroeconomics Needs to Change its Underlying Logic

    Subjects: Management Science >> Business Management of Department submitted time 2023-12-17

    Abstract: Abstract: China implemented the policy of reform and opening up at the end of 1970s and gradually established the socialist market economic system with Chinese characteristics. China comprehensively introduced western economic theories, including macroeconomics. Western economics is based on the private ownership of capitalist means of production, without considering state-owned means of production. The government only plays the role of a night watchman. Directly applying western macroeconomic theory to study China's economic phenomenon can not deal with government-owned means of production and government investment issues. This leads to many problems in macroeconomic research today, especially in the field of fiscal policy. To solve these problems, we must consider China's socialist characteristics and reposition the dual role of the Chinese government in economic management: to provide optimal public goods and act as social planners to pursue maximum social welfare. In this way, many problems in current macroeconomic research in China can be solved.
     

  • How do employees respond to enterprise digital transformation?A research proposal from stress-based theoretical perspective

    Subjects: Management Science >> Development and Management of Human Resources submitted time 2023-12-10

    Abstract: In the era of digital economy, digital transformation has emerged as a critical factor in driving high-quality enterprise development. However, many companies encounter internal challenges, such as a lack of employee support and passive cooperation during the process of digital transformation. Current research on enterprise digital transformation primarily concentrates on the macro-strategic level, while the impact of digital transformation on employees has not been sufficiently explored. Therefore, our study takes a micro-level perspective within the organization and employs the Process Theories of Occupational Stress. We view digital transformation as a “stressor” and aim to investigate the different responses of employees to it and the underlying mechanisms. First, we investigate the “stressor” by utilizing Grounded Theory to uncover how employees perceive and identify stressors during digital transformation. Second, we explore the “stress outcome” by examining the impact of digital transformation on employees’ work performance and its dynamic changes over time based on the Transition Processes framework. Third, we investigate the “stress experience” from both cognitive and emotional perspectives. We explore the mechanisms, boundary conditions, and subsequent consequences of employees’ different responses (support or resistance) to digital transformation. This paper not only expands the scope and content of research in the field of human resource management, but also provides practical insights for companies to systematically drive digital transformation and improve employee support throughout the process.
     

  • Comparison of Pivotal Studies for High-risk Medical Devices between China and the US

    Subjects: Medicine, Pharmacy >> Clinical Medicine Subjects: Management Science >> Science ology and Management submitted time 2023-12-09

    Abstract: A comparison of pivotal studies for high-risk medical devices between China and the US including 40 approved products and some undergoing studies, covering coronary intervention, structural heart disease, left ventricular assistant device, neuromodulation, and electrophysiology, showed that pivotal studies in China were relatively simple-designed, with more quantitative endpoints, and relatively small sample size. Direct comparison of pivotal studies between different class medical devices is difficult, but achieving consensus between sponsors and regulation administration agency before conducting of the pivotal studies should be our future direction.

  • Analysis of Registration Administration for Fractional Flow Reserve (FFR) and Related Products in the US and China

    Subjects: Medicine, Pharmacy >> Clinical Medicine Subjects: Management Science >> Other Disciplines of Management Science submitted time 2023-12-09

    Abstract: We collected summaries/review reports of fractional flow reserve (FFR) and related products approved in the US and China, and together with relevant clinical literature and clinical guidelines, analyzed the registration administration strategy for such medical device software, especially clinical data requirement. In general, the US is more flexible regarding clinical data request, which was not even submitted for early FFR products when clinical benefits were not claimed. Clinical data was submitted for the following products during equivalence demonstration; however, mainly being diagnostic consistence comparison study with predicate device instead of strict prospective clinical trials. When the clinical benefits were confirmed in clinical trials with clinical outcome as the primary endpoint, this claim was added to product indications. Besides, the practice of efficiently leveraging social resources via data sharing in the US is worth learning.

  • The vignette in experimental vignette methodology: Current status and design strategies in managerial psychology research

    Subjects: Psychology >> Management Psychology Subjects: Management Science >> Development and Management of Human Resources submitted time 2023-12-01

    Abstract: Although experimental vignette methodology (EVM) enhances both internal and ecological validity, there is still a lack of detailed and standardized guidance for the design of vignettes in the field of management. Based on this, this study first introduced the definition and types of EVM. The differences between EVM and contextual priming methodology were also clarified. Secondly, this study coded and analyzed 93 scenario experiments drawn from 20 major domestic and foreign management-related journals in the past five years. Utilizing the coded data, we answered the question of how to design the vignettes of EVM from the three stages of pre-design, design and post-design. Among them, the pre-design phase focused on when to use the EVM; the design stage focused on how to draft the vignettes, which was divided into five sub-stages: determining the number of vignettes, drafting the vignettes, choosing the media, standardizing vignettes and enhancing vignettes realism. The post-design stage focused on evaluating whether the vignettes were clear, realistic, complete and effective. If the vignettes didn’t pass the test or there was a need for another scenario experiment, the researcher should return to the design stage to continuously modify or rewrite the vignettes until they met the standards. Future research could use incident technique, information technology to design the vignettes. Furthermore, vignettes with iterative decision are encouraged to be created. It is also important to note that the design process of vignettes should follow theoretical guidance. In doing so, it will help enhance the applicability, richness and authenticity of vignettes.