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The overall goal of this chapter is twofold. First, the authors aim to identify indigenous phenomena that influence employee turnover and retention in the Chinese context. Second, the authors link these phenomena to the contextualization of job embeddedness theory. To achieve the goal, the authors begin by introducing three macro-level forces (i.e., political, economic, and cultural forces) in China that help scholars analyze contextual issues in turnover studies. The authors then provide findings in the literature research on employee retention studies published in Chinese academic journals. Next, the authors discuss six indigenous phenomena (i.e., hukou, community in China, migrant workers, state-owned companies, family benefit prioritization, and guanxi) under the three macro-level forces and offer exploratory propositions illustrating how these phenomena contribute to understanding employee retention in China. Finally, the authors offer suggestions on how contextualized turnover studies shall be conducted in China.

This chapter examines the relationship between directors and officers (D&O) liability insurance and stock-price synchronicity by testing competing corporate governance-related monitoring and moral hazard-related agency conflict hypotheses. Testing a sample of stocks listed on the Taiwan Stock Exchange and the Taipei Exchange for 2008–2020, the empirical results of this study indicate that D&O insurance in Taiwan is negatively correlated to stock-price synchronicity. This negative relation is robust to a battery of tests, including those of fixed-effects regression models, alternative sample periods, alternative synchronicity measures, and alternative insurance measures. Further evidence indicates that this negative relationship is more pronounced among firms with greater agency problems, especially during periods of high market uncertainty. Overall, these findings support the corporate governance-related monitoring hypothesis, which posits that firms with greater D&O insurance are likelier to be characterized by better governance structures and information transparency. Additionally, their stock prices are more likely to reflect firm-specific information in a timely and precise manner, and they are more likely to have lower synchronicity with the industry and market.

This chapter reviews the status of Education For All (EFA) in China and identifies four gaps: between rural and urban residents, between residents of geographic regions, between ethnicity groups, and between the genders. It turns to examine the educational situation and interests of girls weighed down by the crushing burden of multiple disadvantages in “left-behind” Western China. Based on analysis of macro-level socio-economic and educational conditions, along with rich micro-level data on girls’ vigorous pursuit of education, the authors argue that the changing conditions of rural girls’ lives and their education can best be understood from a critical empowerment perspective. Summarizing the global discourse and cross national evidence on the benefits of girls’ education, the chapter and looks beyond a utilitarian perspective and argues for the cogency of a critical empowerment framework. Filled with telling stories and case studies of Han Chinese, Tibetan, and Muslim girls, this chapter proposes that prioritizing girls’ education in Western China is crucial and required for achieving the MDG of gender parity. Even though girls are often stranded by family financial conditions, their actions and ideas seeing education as their future reflect a changing gender identity and role in the family and society. The fieldwork suggests that educating girls promotes localized development, reduces dangerous levels of economic gaps and social instability, but also advances hard to measure effects: personal and civil empowerment, and sustainable, harmonious cultural change – as well as MDG.

The growth of luxury tourism has been brought to a grinding halt due to the COVID-19 pandemic affecting most parts of the world since early 2020. Although the time for recovery of hospitality and tourism industries is still unclear, experience from the SARS outbreak in 2003 showed that the bounce back from consumers could be fast. The group of most affluent consumers, mostly known as HNWIs (high net worth individuals), will resume their original consumption behaviour much sooner than the rest of the market; these affluent consumers are the main target market of luxury hospitality and tourism industries.

This chapter presents different types of luxury tourism, luxury lifestyle, luxury tourists' decision-making and luxury hospitality products. The luxury food and beverage business in Singapore is presented to illustrate the commercial environment during the pandemic.