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1 – 10 of over 17000Hanyue Yang, Heng Li, Guangbin Wang and Dongping Cao
Within the labor-intensive construction industry characterized by distinctly structural shortages in the labor force worldwide, efficient and effective migration of construction…
Abstract
Purpose
Within the labor-intensive construction industry characterized by distinctly structural shortages in the labor force worldwide, efficient and effective migration of construction workers across regions is critical for the smooth operation of construction activities. This study aims to investigate how the interregional migration patterns of construction workers are impacted by the disparities in both employment opportunities and environment amenities between the origin and destination provinces.
Design/methodology/approach
Drawing on the push and pull theory and the archival data on 13,728 migrant construction workers in China, descriptive analyses are first performed to characterize the interregional migration patterns of the investigated construction workers. Combining regional data in the National Bureau of Statistics of China, this study uses hierarchical regression modeling techniques to empirically test the relative importance of the employment-related and environment-related factors in driving the interregional migration of construction workers after controlling for the effects of related economic and geographic factors.
Findings
The results provide evidence that the interregional migration of construction workers is principally driven by the disparities in employment opportunities while disparities in environment amenities (including climate comfort disparity, medical service disparity and educational service disparity) generally play much fewer substantive roles. With regard to the impacts of employment opportunities, the results provide evidence that compared with the disparity in job market size, the disparities in job income and industry development level are more significantly relevant factors, which positively pull and adversely push the interregional migration flows, respectively.
Research limitations/implications
This study contributes to a deepened understanding of how workers specifically balance their employment and amenity needs to make temporary migration decisions in the “laggard” labor-intensive construction industry. This study also adds to the literature on population migration by characterizing the specific characteristics of construction workers and the temporary nature of the workers' migration activities. The findings hold important practical implications for construction organizations and policymakers for effectively managing the mobility of migrant construction workers.
Originality/value
The extant literature on migrant construction workers has primarily focused on the consequences of international migration and the generalization of empirical findings on population migration mechanisms in other domains to the construction industry is substantially limited by the specific characteristics of construction workers and the temporary nature of their migration activities. In addressing this gap, this study represents an exploratory effort to quantitatively characterize the interregional migration patterns of construction workers in the labor-intensive construction industry and examines the roles of employment opportunity and environmental amenity in driving interregional migration.
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Feiyang Guan, Tienan Wang and Linbing Sun
This paper aims to examine how the firm’s global coopetition network position impacts market share and to explore the multiple moderating effects of trade network strength and…
Abstract
Purpose
This paper aims to examine how the firm’s global coopetition network position impacts market share and to explore the multiple moderating effects of trade network strength and structures on the relationship between firm global coopetition network position and market share.
Design/methodology/approach
This paper selects global automobile manufacturing firms as samples whose classification is “Automobile” in the Factiva database from 2014 to 2018 and develops the measurement for global coopetition network and trade network by using Ucinet6. Finally, Stata was used for data analysis.
Findings
This paper finds that structural holes and centrality are beneficial to improve global market share. And the trade network strength and structures have positive multiple moderating effects on the relationship between the firm global coopetition network position and market share.
Originality/value
This paper explores industrial international competitiveness according to the intricate trade relations among countries and the impact of industrial international competitiveness on the relationship between global coopetition network position of brand firms and market share. The results of this paper expand the current literature on the relationship between characteristics of coopetition network and trade network.
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After discussing the high and rising health care costs in the USA, its disparities, and the suggested demand, supply, and managed competition‐side strategies to contain health…
Abstract
Purpose
After discussing the high and rising health care costs in the USA, its disparities, and the suggested demand, supply, and managed competition‐side strategies to contain health care costs and their ethical implications, this paper seeks to explore whether or not these strategies will further aggravate the existing health care disparities.
Design/methodology/approach
This conceptual paper utilizes various appropriate exiting economic and ethical theories. The economic and ethical theories utilized are relevant to the problem of rising health care costs; to the proposed demand, supply, and managed competition‐side cost containment strategies; and to the existing health care disparities.
Findings
This paper demonstrates that the suggested cost containment strategies do in fact aggravate existing health care inequities and are not always ethical.
Originality/value
Given the present health care reform debate in the USA and various misconceptions about it, the author believes that the paper and its findings should in fact be viewed as a contribution.
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Geng Cui and Qiming Liu
As one of the big emerging markets, China’s enormous population and rapid increase in consumer spending have attracted many multinational corporations (MNCs). Meanwhile, the…
Abstract
As one of the big emerging markets, China’s enormous population and rapid increase in consumer spending have attracted many multinational corporations (MNCs). Meanwhile, the misconception of China as a homogeneous market often leads to difficulties in assessing market demand and enacting effective strategies. Examines the diversity among Chinese consumers across seven regional markets. Data from a national survey suggest that consumers from various regions are significantly different from one another in terms of purchasing power, attitudes, lifestyles, media use, and consumption patterns. MNCs need to take a cautionary approach when expanding into the inland regions, and must adapt to the local market conditions and devise sustainable strategies.
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Mutaju Isaack Marobhe and Jonathan Mukiza Peter Kansheba
Following the COVID-19 outbreak, various economies imposed different financial interventions as part of initiatives to cushion their stock markets from deteriorating performance…
Abstract
Purpose
Following the COVID-19 outbreak, various economies imposed different financial interventions as part of initiatives to cushion their stock markets from deteriorating performance. Our article examines the effectiveness of these interventions in protecting stock markets during the pandemic.
Design/methodology/approach
The authors employ Panel Vector Autoregression to model the magnitude and timing of shocks from COVID-19 to stock markets. The fixed effects regression is then utilized to assess the role of financial interventions in protecting stock markets during COVID-19. The study uses daily stock index returns as well COVID-19 containment measures stringency index data from 39 countries ranging from 2nd January 2020 to 30th September 2021.
Findings
Our findings firstly reveal a significant positive stock market reaction to country-level containment measures stringency but only during the first wave of COVID-19. We secondly show that stock market functioning interventions that include short selling bans and circuit breakers amplify the positive effects of COVID-19 containment measures stringency on stock market performance.
Research limitations/implications
The authors stress the need for policymakers and regulators to timely intervene in protecting economies and stock markets during crises such as COVID-19 in order to reduce panic among investors. Moreover, investors should adjust their portfolios by investing in stocks from countries that have proper financial market interventions in place.
Originality/value
Despite growing body of literature on COVID-19 and stock market performance, there is limited evidence on the role of financial sector interventions to cushion stock markets during tumultuous conditions caused by the pandemic.
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Paula Isabel Rodriguez Castro, Emiliano Ruiz Barbadillo and Estíbaliz Biedma López
The purpose of this paper is to analyse whether the major international audit firms reach collusive agreements in Spain, in order to exercise market power and impose higher prices…
Abstract
Purpose
The purpose of this paper is to analyse whether the major international audit firms reach collusive agreements in Spain, in order to exercise market power and impose higher prices than those of competitors. According to the traditional theory of oligopoly, the ability to achieve these agreements is dependent primarily on the high level of market concentration, so that multiple studies have analysed the relationship between concentration and prices. However, the concentration has serious limitations to infer collusion and therefore the exercise of market power (Dedman and Lennox, 2009).
Design/methodology/approach
Based on an alternative current of the theory of industrial organisation, the authors use measures of industrial mobility as a measure of collusion or rivalry of firms in oligopolistic markets.
Findings
The results reveal that international audit firms do not reach collusive agreements to limit competition between them.
Social implications
According to the empirical evidence obtained, the measures taken by the regulatory bodies to avoid market concentration would not be necessary or efficient and they would have significant costs for the audit market (GAO, 2003, 2008; FRC, 2009; European Commission, 2010; Competition Commission, 2013).
Originality/value
To the authors’ knowledge, this is the first study to introduce mobility measures to explain market collusion and the exercise of market power in the audit market.
Propósito
El objetivo de este trabajo es analizar si las Grandes Firmas Internacionales de auditoría alcanzan acuerdos colusivos en España con la finalidad de ejercer poder de mercado e imponer precios superiores a los de los competidores. Según la teoría tradicional del oligopolio, la capacidad para alcanzar estos acuerdos se hace depender fundamentalmente del alto nivel de concentración del mercado, por lo que múltiples estudios han analizado la relación entre concentración y precios. Sin embargo, la concentración presenta serias limitaciones para inferir la colusión y, por tanto, el ejercicio del poder de mercado (Dedman y Lennox, 2009).
Diseño/metodología/enfoque
Basándonos en una corriente alternativa de la teoría de la organización industrial, utilizamos medidas de movilidad industrial como medida de la colusión o rivalidad de las empresas en mercados oligopolistas.
Resultados
Nuestros resultados revelan que las firmas internacionales de auditoría no alcanzan acuerdos colusivos para limitar la competencia entre ellas.
Implicaciones sociales
Según la evidencia empírica que obtenemos, las medidas adoptadas por los organismos reguladores con la finalidad de desconcentrar el mercado, las cuales presentan importantes costes para el mercado de auditoría, no resultarían ni necesarias ni eficientes (GAO, 2003, 2008; FRC, 2009; Comisión Europea, 2010; Competition Commission, 2013).
Originalidad/valor
Hasta donde conocemos, éste es el primer estudio que introduce medidas de movilidad del mercado para explicar la colusión y el ejercicio del poder de mercado en el mercado de auditoría.
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Anthony Orji and Emmanuel O. Nwosu
This study investigated the gender wage gap in Nigeria by analysing two waves of household surveys (in 2003–2004 and 2018–2019) in order to understand the dynamics or polarisation…
Abstract
Purpose
This study investigated the gender wage gap in Nigeria by analysing two waves of household surveys (in 2003–2004 and 2018–2019) in order to understand the dynamics or polarisation of the labour market in Nigeria in terms of the gender wage gap over time.
Design/methodology/approach
The study applied an extension of Oaxaca–Blinder decomposition that relies on the re-centred influence function (RIF) regressions to analyse the gender wage gap at all points along the wage distribution.
Findings
The results unambiguously show that there is a significant gender wage gap in Nigeria at all points along the wage distribution, such that for the two surveys used and after nearly two decades, men still earn more than women. That is, the log wage difference between males and females is statistically significant at all points between the 10th and the 90th quantiles. In 2003–2004 period, the authors found that most of the wage difference was significantly accounted for by the wage structure effect, whilst the composition effect was negative and only significant at the bottom of the wage distribution. Since the 2018–2019 period, the authors found that there has been a visible change such that most of the gender wage gap is now accounted for by the composition effect at all points along the wage distribution. Another interesting finding is that there has been a general decline in the gender wage gap along the entire wage distribution, such that inequality was higher in 2003–2004 than in 2018–2019. This decline is bigger at the top than at the bottom of the wage distribution. The authors also found that, contrary to some of the studies on the wage gap, the raw gaps for the two surveys appear to show inverted U-shape, but the gap has fallen quickly since the 2018–2019 period. Thus, the authors found strong evidence of a “sticky floor” compared to a “glass ceiling” effect in both periods, and this becomes more pronounced over time. In terms of the contributions of individual covariates on gender pay gap in Nigeria, the authors found that urban residence, unionisation, education and occupation variables exhibit major influence. However, the effects of covariates on the composition and wage structure components of the wage gap have changed over time.
Practical implications
The major policy implication of these findings is that to address the gender wage gap in Nigeria, policy should focus more on how labour is rewarded and improving human capital for women.
Originality/value
This study is a novel paper in Nigeria that has investigated the gender wage gap in Nigeria by extending the focus of literature in three ways. First, the authors applied an extension of Oaxaca–Blinder decomposition that relies on the RIF regressions to analyse the gender wage gap at all points along the wage distribution. Second, the authors used sample selection bias to account for the non-randomness of participation in wage employment. And third, the authors applied similar analysis to two waves of household surveys (in 2003/2004 and 2018/2019) in order to understand the dynamics or polarisation of the labour market in Nigeria in terms of the gender wage gap over time.
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Sarah Franz, Axele Giroud and Inge Ivarsson
This study aims to analyse how multinational corporations (MNCs) organise value chain activities to penetrate new market segments. It contributes by expanding traditional…
Abstract
Purpose
This study aims to analyse how multinational corporations (MNCs) organise value chain activities to penetrate new market segments. It contributes by expanding traditional decisions regarding the vertical fine-slicing of value chain activities (whether performed internally or externally) and the consideration of resource-sharing decisions (integration or separation) for each value chain function.
Design/methodology/approach
The authors draw on primary data collected from two case study firms operating in the large emerging Chinese market: Volvo Construction Equipment AB and Epiroc AB. In-depth cases illustrate how foreign MNCs expand into new market segments and simultaneously target both the lower-priced mid-market and the premium segments in the Chinese mining and construction industry.
Findings
The results reveal that product diversification creates challenges for managers who must oversee new (vertical) value chains, often simultaneously. Beyond geography and modes of governance, managers must decide whether to integrate or separate value chain activities for the new product lines. The study identifies four main strategic choices for firms to address this complexity, focusing on the decision to internalise or externalise (i.e. within or across organisational boundaries) and integrate or separate value chain activities between different product lines.
Originality/value
This study builds upon the internalisation theory and recent international business contributions that focus on value chain configurations to explain MNCs’ product diversification as a growth strategy in a host emerging market. It also sheds light on the choice of conducting new activities in-house or externally and elucidates firms’ managerial decisions to operationally integrate or separate individual value chain activities. The study provides insights into the drivers explaining managerial decisions to configure value chain activities across product lines and contributes to the growing body of literature on MNC activities in emerging economies by highlighting that product diversification impacts entry mode diversity and resource sharing across units.
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Helena Bohman, Maja Jandrić and Liv Osland
Geographical mobility is often considered fundamental to a well-functioning labour market, and thus to the economy as a whole. Typically, geographical mobility can be achieved…
Abstract
Geographical mobility is often considered fundamental to a well-functioning labour market, and thus to the economy as a whole. Typically, geographical mobility can be achieved either through commuting or through migration. Commuting can be considered important for households to have access to job market opportunities and for business to access labour, skills and competencies. Previous research has found commuting patterns to differ between men and women, for example, in the sense that women travel shorter distances and rely more on public transport. However, we also know that factors such as higher education can influence an individual’s decision to commute, possibly because of specialization and a higher salary. As women’s education level approaches, or surpasses, that of men’s, one would expect to see more similarities between the travel behaviour of the two genders. In this study, we analyse gender patterns of commuting in Norway, Serbia and Sweden. We specifically address the issue of gender gap in commuting. Findings show that though there are signs of convergence, there are large regional variations. The gender gap is decreasing primarily in the more urban regions, while it is decreasing less, and even increasing, given the various levels of aggregation, in the more rural areas.
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Ursula Scharnhorst and Marlise Kammermann
The paper describes the Swiss Vocational Education and Training (VET) system, its crucial role and challenges with respect to the inclusion of vulnerable groups and investigates…
Abstract
Purpose
The paper describes the Swiss Vocational Education and Training (VET) system, its crucial role and challenges with respect to the inclusion of vulnerable groups and investigates the effectiveness of the efforts undertaken to promote inclusion in VET so far.
Design/methodology/approach
Empirical research focusing on various indicators of inclusion (national monitoring data and own studies) is analysed.
Findings
The overall findings show that equity and inclusion of persons with a migration background or special education needs in VET have been successfully promoted but can be improved.
Research limitations/implications
Long-term, in-depth longitudinal data regarding some issues are still scarce.
Practical implications
The paper provides information about young people having difficulties to access and complete VET or who are at-risk of exclusion and points out further courses of action.
Originality/value
A comprehensive and detailed account of the current state of inclusion in Swiss VET and of related systemic problems is given.
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