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Article
Publication date: 14 January 2021

Rank-dependent preferences, social network and crop insurance uptake: field experimental evidence from rural China

Ruojin Zhang, Dan Fan, Gene Lai, Junqian Wu and Jungong Li

Agricultural insurance has become increasingly important to farmers' livelihood and production in rural China. Yet despite the enormous governmental subsidizing efforts…

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Abstract

Purpose

Agricultural insurance has become increasingly important to farmers' livelihood and production in rural China. Yet despite the enormous governmental subsidizing efforts, the insurance participation rate remains below expectations. This study revisits the linkage between farmers' risk attitudes and crop insurance utilization by providing a cross-cutting perspective such that the role of risk aversion is re-scrutinized in Chinese “kindred” village economies.

Design/methodology/approach

The authors administrated a lottery-based multiple price list (MPL) experiment by recruiting rice farmers from 12 villages in Sichuan province in southwestern China. Using the experimental data, farmers' risk attitudes are assessed and coefficients of risk aversion are estimated within the rank-dependent expected utility (RDEU) framework by maximizing a structured likelihood function.

Findings

This study provides substantiating evidence that rice farmers in southwestern China exhibit relatively high risk aversion. The authors also provide suggestive evidence of the positive relationship between farmers' risk aversion and crop insurance utilization. In addition, findings reveal that kinship network has a negative effect on crop insurance utilization, such that farmers who are connected in higher degree of kinship network have lower likelihood of crop insurance utilization, which suggests that kinship network may be substitute for formal crop insurance. Result also demonstrates that the incentive effect of risk aversion on farmers' crop insurance participation manifests differently depending on the degree of kinship network in rural China.

Originality/value

This study provides a cross-cutting perspective by scrutinizing the effects of farmers' risk attitudes and kinship network on crop insurance participation in rural China, which has received relatively little attention in the literature. Conclusions on the effects of risk aversion on crop insurance participation have been mixed in previous studies. In addition, to the best of our knowledge, little has been done to explicitly examine the influence of social proximity and networks on farmers' insurance uptake. This study attempts to fill both gaps. This study provides new insights which might shed lights on the understanding of farmers' crop insurance participation in rural China.

Details

Agricultural Finance Review, vol. ahead-of-print no. ahead-of-print
Type: Research Article
DOI: https://doi.org/10.1108/AFR-03-2020-0035
ISSN: 0002-1466

Keywords

  • Crop insurance uptake
  • Kinship network
  • Multiple price list (MPL) experiment
  • Rank-dependent expected utility (RDEU)

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Article
Publication date: 20 July 2010

Distribution systems, loyalty and performance

Mei Su Chen and Gene C. Lai

This paper aims to examine the influence of distribution systems and customer loyalty on firm performance.

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Abstract

Purpose

This paper aims to examine the influence of distribution systems and customer loyalty on firm performance.

Design/methodology/approach

Efficiency scores and profitability are used as the proxies for performance. The data envelopment analysis approach is used to calculate efficiency scores. The sample is from the Taiwanese life insurance industry.

Findings

The results suggest that a multiple distribution channel strategy performs worse than a single distribution channel strategy in terms of efficiency and profitability. It is also found that agent turnover rate is negatively related to technical efficiency, cost efficiency, and profitability. The evidence also suggests that insurers with higher customer loyalty perform better than insurers with lower customer loyalty.

Originality/value

The paper's results can assist insurers to make decisions on distribution channels and improve agent turnover rate and customer loyalty.

Details

International Journal of Retail & Distribution Management, vol. 38 no. 9
Type: Research Article
DOI: https://doi.org/10.1108/09590551011062448
ISSN: 0959-0552

Keywords

  • Marketing strategy, Distribution channels and markets, Customer loyalty
  • Performance management

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Article
Publication date: 20 July 2010

Editorial

Neil Towers

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Details

International Journal of Retail & Distribution Management, vol. 38 no. 9
Type: Research Article
DOI: https://doi.org/10.1108/ijrdm.2010.08938iaa.001
ISSN: 0959-0552

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Book part
Publication date: 1 October 2007

Chapter 1 Introduction

Keith E. Maskus

In the last two decades the subject of intellectual property rights (IPR) took on major significance as an element of global trade regulation and commercial policy…

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Abstract

In the last two decades the subject of intellectual property rights (IPR) took on major significance as an element of global trade regulation and commercial policy. Implementation of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) at the World Trade Organization (WTO) in 1995 obliged member countries, over various transition periods, to adopt and enforce minimum standards of protection for patents, copyrights, trademarks, trade secrets, and related policies. This mandate forced legislative and administrative changes in virtually all countries, but had particular impact in developing nations, which had generally weaker IPR standards prior to TRIPS. Since 1995 there have been additional multilateral negotiations, largely at the World Intellectual Property Organization, over stronger global standards for patents and copyrights for digital electronic goods. Most controversially, in its negotiations of bilateral free trade areas the United States aggressively demands highly rigorous standards, beyond those called for in TRIPS, for patent rules governing pharmaceutical products and new biotechnological goods in the agricultural and life sciences.

Details

Intellectual Property, Growth and Trade
Type: Book
DOI: https://doi.org/10.1016/S1574-8715(07)00001-2
ISBN: 978-1-84950-539-0

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Book part
Publication date: 16 July 2015

All Marked-Up in the Genetic Era: Race and Ethnicity as “Floating Signifiers” in Genetic and Genomic Research

Latrica Best and W. Carson Byrd

Our primary aim is to discuss the variability that exists in the operationalization of race/ethnicity in research on genetic and biological markers. We employ Stuart…

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Abstract

Purpose

Our primary aim is to discuss the variability that exists in the operationalization of race/ethnicity in research on genetic and biological markers. We employ Stuart Hall’s “floating signifiers” of race approach to explain the ambiguous manner in which researchers discuss the links between race and genetics.

Methodology/approach

We examine articles that use race/ethnicity and genetic or biological markers between 2000 and 2013 within three prominent genetic journals. We focused on original, empirical articles only. We utilize various race/ethnic-related search terms to obtain our sample and to categorize how terms were used.

Findings

A total of 336 articles fit our search criteria. The number of articles mentioning race/ethnicity and genetic or biological information increased over the time. A significant percentage of publications base their research on whites only. When discussions of race are included in studies, scientists often use multiple categories of race/ethnicity without much explanation.

Research limitations/implications

We omit non-research articles and commentary for each journal, which could contain important discussions regarding race and genetics. This work highlights how race/ethnicity can vary in application and interpretation.

Originality/value

Our discussion of race/ethnicity as “floating signifiers” adds a layer of complexity to the longstanding debate regarding the importance of race/ethnicity in genetic research. The “floating” nature of race/ethnicity underlines how subjective the characterizations of samples are and how possible interpretations of results for groups can impact health disparities research. Given the increased use of genetic data by social scientists, there is a need for more cross-disciplinary discussions on the race–gene relationship.

Details

Genetics, Health and Society
Type: Book
DOI: https://doi.org/10.1108/S1057-629020150000016011
ISBN: 978-1-78350-581-4

Keywords

  • Genetic markers
  • race
  • ethnicity
  • ancestry
  • floating signifiers
  • research paper

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Article
Publication date: 14 October 2013

The economic rationale for option backdating: incentive explanations

Hongyan Fang and David Whidbee

– The purpose of this paper is to provide evidence in support of incentive and retention-based explanations for backdating.

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Abstract

Purpose

The purpose of this paper is to provide evidence in support of incentive and retention-based explanations for backdating.

Design/methodology/approach

The authors use matching-firm techniques and the bivariate logistic model.

Findings

Backdating firms tend to be younger and faster growing – the characteristics of firms with growing demand for skilled labor. Further, rather than experiencing poor performance, backdating firms tend to outperform matching firms in both prior- and post-backdating years.

Originality/value

The results suggest that backdating reflects a firm's demand for valuable employees rather than strictly a manifestation of agency problems, as evidenced by previous study.

Details

Managerial Finance, vol. 39 no. 11
Type: Research Article
DOI: https://doi.org/10.1108/MF-12-2012-0248
ISSN: 0307-4358

Keywords

  • Economics
  • Finance

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Article
Publication date: 3 August 2015

Do bank regulation and supervision matter?: International evidence from the recent financial crisis

Kangbok Lee and Wenling Lu

– The purpose of this paper is to examine the impact of bank regulation and supervision on bank development, efficiency and fragility over the period of 1999-2011.

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Abstract

Purpose

The purpose of this paper is to examine the impact of bank regulation and supervision on bank development, efficiency and fragility over the period of 1999-2011.

Design/methodology/approach

The authors’ approach is based on a multivariate difference-in-difference model which controls for potential endogeneity of the explanatory variables and unobservable country-specific effect. The paper investigates the changes of bank outcomes and a country’s regulation and supervisory practices, in terms of capital regulation, supervisory power, private monitoring, entry into banking requirements, overall restrictions on bank activities and government ownership of banks in a sample of 53 countries with a total of 482 observations.

Findings

Empirical results indicate that greater capital regulatory requirements reduce bank fragility, as measured by lower levels of non-performing loans but reduce bank efficiency, as measured by higher levels of net interest margin; supervisory practices that strengthen private sector monitoring of banks improve bank development, as measured by bank private credit as a share of gross domestic product; lower levels of non-performing loans are associated with greater enter-into-banking requirements and less restrictiveness on bank activities; and greater government ownership of banks is associated with both higher levels of net interest margin and higher levels of non-performing loans. Overall, the findings support Basel II’s first and third pillars: capital requirements and private monitoring.

Originality/value

This cross-country analysis provides evidence on which specific regulatory and supervisory practices work best in light of what was learned from the recent financial crisis.

Details

Journal of Financial Economic Policy, vol. 7 no. 3
Type: Research Article
DOI: https://doi.org/10.1108/JFEP-03-2015-0019
ISSN: 1757-6385

Keywords

  • Financial crisis
  • Financial institutions
  • Regulation and supervision
  • G38, G21, G28

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Article
Publication date: 23 June 2020

Big data approaches to develop a comprehensive and accurate tool aimed at improving autism spectrum disorder diagnosis and subtype stratification

Tao Chen, Tanya Froehlich, Tingyu Li and Long Lu

Autism spectrum disorder (ASD) is a complex neurodevelopmental disorder that is difficult to diagnose accurately due to its heterogeneous clinical manifestations…

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Abstract

Purpose

Autism spectrum disorder (ASD) is a complex neurodevelopmental disorder that is difficult to diagnose accurately due to its heterogeneous clinical manifestations. Comprehensive models combining different big data approaches (e.g. neuroimaging, genetics, eye tracking, etc.) may offer the opportunity to characterize ASD from multiple distinct perspectives. This paper aims to provide an overview of a novel diagnostic approach for ASD classification and stratification based on these big data approaches.

Design/methodology/approach

Multiple types of data were collected and recorded for three consecutive years, including clinical assessment, neuroimaging, gene mutation and expression and response signal data. The authors propose to establish a classification model for predicting ASD clinical diagnostic status by integrating the various data types. Furthermore, the authors suggest a data-driven approach to stratify ASD into subtypes based on genetic and genomic data.

Findings

By utilizing complementary information from different types of ASD patient data, the proposed integration model has the potential to achieve better prediction performance than models focusing on only one data type. The use of unsupervised clustering for the gene-based data-driven stratification will enable identification of more homogeneous subtypes. The authors anticipate that such stratification will facilitate a more consistent and personalized ASD diagnostic tool.

Originality/value

This study aims to utilize a more comprehensive investigation of ASD-related data types than prior investigations, including proposing longitudinal data collection and a storage scheme covering diverse populations. Furthermore, this study offers two novel diagnostic models that focus on case-control status prediction and ASD subtype stratification, which have been under-explored in the prior literature.

Details

Library Hi Tech, vol. 38 no. 4
Type: Research Article
DOI: https://doi.org/10.1108/LHT-08-2019-0175
ISSN: 0737-8831

Keywords

  • Autism spectrum disorder
  • Data integration
  • Classification
  • Clustering
  • Stratification
  • Subtype

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Article
Publication date: 1 January 2005

An aircraft service scheduling model using genetic algorithms

Angus Cheung, W.H. Ip, Dawei Lu and C.L. Lai

In this paper, the authors propose the application of an intelligent engine to develop a set of computational schedules for the maintenance of vehicles to cover all…

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Abstract

Purpose

In this paper, the authors propose the application of an intelligent engine to develop a set of computational schedules for the maintenance of vehicles to cover all scheduled flights. The aim of the paper is to maximize the utilization of ground support vehicles and enhance the logistics of aircraft maintenance activities.

Design/methodology/approach

A mathematical model is formulated and the solution is obtained using genetic algorithms (GA). Simulation is used to verify the method using an Excel GA generator. The model is illustrated with a numerical case study, and the experience of this project is summarized.

Findings

The results indicate that this approach provides an effective and efficient schedule for deploying the maintenance equipment resources of the company, China Aircraft Service Limited.

Originality/value

The proposed model using the GA generator provides an effective and efficient schedule for the aircraft maintenance services industry.

Details

Journal of Manufacturing Technology Management, vol. 16 no. 1
Type: Research Article
DOI: https://doi.org/10.1108/17410380510574112
ISSN: 1741-038X

Keywords

  • Production scheduling
  • Aircraft industry
  • Maintenance

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Article
Publication date: 7 September 2012

Further insights into Alzheimer's disease

Rebecca Sims, Amy Gerrish and Julie Williams

This paper aims to give further insights into Alzheimer's disease (AD), a devastating neurodegenerative disorder which accounts for 60‐80 per cent of late‐onset dementia…

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Abstract

Purpose

This paper aims to give further insights into Alzheimer's disease (AD), a devastating neurodegenerative disorder which accounts for 60‐80 per cent of late‐onset dementia. AD is genetically complex where three genes are known to cause the early‐onset familial form of disease and ten genes have been identified to contribute to the risk of developing late‐onset sporadic AD.

Design/methodology/approach

The paper discusses the recently identified AD susceptibility loci and outlines the various hypotheses of how these loci and the pathways in which they function may elucidate the aetiology and pathogenesis of sporadic late‐onset AD.

Findings

The loci identified to increase susceptibility to sporadic AD are not random, but instead point to defects in specific biological processes and pathways that contribute to the development of the disease. These include impairments in: innate/adaptive immunity, specifically inflammation and the complement system; endocytosis/intracellualar trafficking, which includes the internalisation of material from the cell surface and the mechanisms by which molecules are transported; and lipid processing. High levels of lipids such as cholesterol have been associated with development of AD in later life.

Originality/value

The paper highlights that determining the function of the known susceptibility loci, and establishing how they increase risk for AD will aid in the development of new treatments.

Details

Quality in Ageing and Older Adults, vol. 13 no. 3
Type: Research Article
DOI: https://doi.org/10.1108/14717791211264043
ISSN: 1471-7794

Keywords

  • Alzheimer's disease
  • Susceptibility loci
  • Immunity
  • Endocytosis
  • Lipid processing
  • Diseases
  • Genes

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