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Full-Text Articles in Social and Behavioral Sciences

Influence Of Brand Factors On Purchase Intentions In Thailand’S Garment Industry In Instagram, Zehong Du Jan 2023

Influence Of Brand Factors On Purchase Intentions In Thailand’S Garment Industry In Instagram, Zehong Du

Chulalongkorn University Theses and Dissertations (Chula ETD)

The rapid growth of social commerce has significantly transformed the landscape of consumer engagement, particularly within Thailand's garment industry. Leveraging Instagram as a pivotal platform, this study examines the impact of brand factors on the purchase intentions of Thai Instagram users. The research delves into how brand awareness, product uniqueness, perceived value, and brand trust collectively shape consumer buying behaviors. Employing a robust research framework, brand awareness and product uniqueness serve as independent variables, while perceived value and brand trust function as mediating variables, ultimately influencing purchase intention. Key findings indicate that brand recognition and product uniqueness markedly enhance perceived …

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Female Directors On Boards And Firm Performance: Evidence From Chinese A-Share Listed Firms, Dan Shi Jan 2023

Female Directors On Boards And Firm Performance: Evidence From Chinese A-Share Listed Firms, Dan Shi

Chulalongkorn University Theses and Dissertations (Chula ETD)

Globally, despite the rising proportion of women in the workplace, they remain underrepresented in senior management positions, such as boards. Since there is no mandatory gender quota policy in China, the proportion of female directors is much lower than in countries such as those in Europe. In this context, this study aims to evaluate the relationship between the presence, proportion, and number of female directors in Chinese A-share listed companies and corporate financial performance. This paper summarizes the literature on female directors and company value, using principal-agent theory, stakeholder theory, symbolism theory, and non-competitive discrimination theory as the theoretical basis. …

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Determinants Of Vitamin And Mineral Supplement Purchases Among Generation Z, Phakorn Sirisathaworn Jan 2023

Determinants Of Vitamin And Mineral Supplement Purchases Among Generation Z, Phakorn Sirisathaworn

Chulalongkorn University Theses and Dissertations (Chula ETD)

This study investigates the determinants of Vitamin and Mineral Supplement Purchases among Generation Z, focusing on age and income as key factors. A sample of 385 respondents aged 16-27 completed an 18-question survey, categorized by income levels (< 20,000 THB, 20,000 - 40,000 THB, 40,000 - 60,000 THB, 60,000 - 80,000 THB, and above 80,000 THB) for comprehensive analysis. Younger respondents, particularly those aged 16-18, predominantly belong to lower income brackets, reflecting early career or student statuses. Income levels increase with age, peaking among 25-27 year-olds, indicating greater economic capability. Consumption patterns closely align with income, where higher income groups exhibit higher supplement usage. Primary barriers for lower income groups include safety concerns and affordability, while motivations across all income brackets center on health improvement and immune support. Economic disparities influence purchasing behaviors, with lower income groups buying smaller quantities more frequently and higher income groups opting for bulk purchases less often. Preferences for organic ingredients and trusted brands are notable among higher income segments. The study underscores the economic sensitivity of lower income consumers to price changes and the resilience of higher income groups to economic fluctuations. These findings emphasize the role of income in shaping supplement consumption behaviors and suggest implications for targeted marketing and public health initiatives aimed at Generation Z.

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The Balance Between Tradition And Innovation Incorporate Strategy, Yiqian Bu Jan 2023

The Balance Between Tradition And Innovation Incorporate Strategy, Yiqian Bu

Chulalongkorn University Theses and Dissertations (Chula ETD)

This article analyzes strategy of Italian family-owned business brand "B". We examine how this family business maintain family heritage while thriving for innovation .In recent years, Their market share has been expanded , The strategic potential of family businesses was recognized by both academics and practitioners, giving rise to further study. This article believes that innovative inheritance of excellent family business values and missions at the corporate strategic level is the key for family businesses to maintain their stable competitiveness in future market competition.

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The Impact Of Living Arrangement On The Health Of The Elderly—Based On Clhls 2018, Ludan Cao Jan 2023

The Impact Of Living Arrangement On The Health Of The Elderly—Based On Clhls 2018, Ludan Cao

Chulalongkorn University Theses and Dissertations (Chula ETD)

The rapid demographic shift towards an aging population in China has brought the health status of the elderly to the forefront of state and societal concerns. Concomitant with socioeconomic development, the living arrangements of the elderly have undergone significant transformations, leading to variations in social support structures and, consequently, impacting their physical, mental, and self-reported health outcomes. This study investigates the correlation between living arrangements and the health status of the elderly population in China. Using data from the 2018 Chinese Longitudinal Healthy Longevity Survey (CLHLS), this study empirically examines the impact of solitary living on the health status of …

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The Relationship Between Green Bonds And Carbon Productivity In China, Zhenxuan Chen Jan 2023

The Relationship Between Green Bonds And Carbon Productivity In China, Zhenxuan Chen

Chulalongkorn University Theses and Dissertations (Chula ETD)

This paper investigates the impact of green bond issuance on carbon productivity across various regions in China from 2014 to 2022. Utilizing panel data from 30 provinces, the study explores whether green bonds, as financial instruments, contribute to a low-carbon economy by enhancing the ratio of economic output to carbon emissions. Empirical analysis employs a fixed-effects model to account for unobserved heterogeneity and ensure robustness in findings. The results indicate a positive relationship between green bond issuance and carbon productivity, suggesting that regions actively issuing green bonds achieve higher economic efficiency relative to their carbon output. Additionally, the research examines …

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Thailand Textile And Garment Industry：International Market Opportunities From An Economic Perspective, Yuanyuan Lu Jan 2023

Thailand Textile And Garment Industry：International Market Opportunities From An Economic Perspective, Yuanyuan Lu

Chulalongkorn University Theses and Dissertations (Chula ETD)

The textile and garment industry is a significant contributor to Thailand's economy, playing a vital role in employment, exports, and industrialization. This study explores the international market opportunities for Thailand's textile and garment sector from an economic perspective. Utilizing frameworks such as Porter's Five Forces, SWOT analysis, and PESTEL analysis, this research identifies the key challenges and opportunities within the industry. The findings reveal that while the industry faces challenges such as rising production costs, labor shortages, and outdated machinery, there are substantial opportunities for growth through technological advancements, sustainable practices, and international partnerships. The study highlights the need for …

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Empirical Analysis Of The Impact Of On-Call Work On Depression Among Chinese Wage Workers: Based On The 2020 China Family Panel Studies, Qianqian He Jan 2023

Empirical Analysis Of The Impact Of On-Call Work On Depression Among Chinese Wage Workers: Based On The 2020 China Family Panel Studies, Qianqian He

Chulalongkorn University Theses and Dissertations (Chula ETD)

According to the Chinese government, there are currently 402 million working-class people in China, who are the mainstay of China's economic growth. With the change of time, the development of the Internet and mobile communication technology has enabled employees to work from anywhere, improving efficiency and competitiveness, but also bringing challenges. The burden of depression in China is increasing significantly, with a lifetime prevalence of 6.8% of depressive disorders in Chinese adults, of which depression accounts for 3.4%, and at present, 95 million people in China suffer from depression, and it has become an urgent matter to alleviate the symptoms …

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The Samuels-Buchanan Correspondence And The Lost Opportunity For A Positive Public Choice Scholarship, Luke Petach Jan 2023

The Samuels-Buchanan Correspondence And The Lost Opportunity For A Positive Public Choice Scholarship, Luke Petach

Funded Scholarship

This article revisits the debate between James Buchanan and Warren Samuels over Miller v. Schoene (1928). The initial court case—concerning the rights of government in the face of conflicting private interests—and subsequent debate between Buchanan and Samuels have important implications for the interrelations between legal and economic processes, the difference between a normative and positive theory of public choice, and the nature of public choice more generally. In published papers and private correspondence, the writings of Samuels reveal an alternative conception of public choice theory as a positive endeavor divorced from the free market normative implications of Buchanan’s work. Application …

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Impact Of Covid-19 Relief Packages On U.S. Household Food Security And Food Expenditure, Bridget Yeboah Bafowaa Jan 2023

Impact Of Covid-19 Relief Packages On U.S. Household Food Security And Food Expenditure, Bridget Yeboah Bafowaa

Electronic Theses and Dissertations

The COVID-19 pandemic led to changes in consumer shopping habits, including food expenditures. The pandemic induced changes in food expenditure patterns, food accessibility, and declining household income contributed to increased food insecurity during the pandemic. The objective of this study is to examine the impact of COVID-19- related relief packages on food security and food expenditures. The effect of Economic Impact Payments, P-EBT, SNAP, and free food will be considered. Using data from the Household Pulse Survey (HPS), a total sample of 1,899,929 households were analyzed in this study. The HPS is a nationally representative survey structured to produce data …

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Simulating The Impact Of Emissions Control On Economic Productivity Using Particle Systems And Puff Dispersion Model, Najam Khan Jan 2023

Simulating The Impact Of Emissions Control On Economic Productivity Using Particle Systems And Puff Dispersion Model, Najam Khan

Electronic Theses and Dissertations

A simulation platform is developed for quantifying the change in productivity of an economy under passive and active emission control mechanisms. The program uses object-oriented programming to code a collection of objects resembling typical stakeholders in an economy. These objects include firms, markets, transportation hubs, and boids which are distributed over a 2D surface. Firms are connected using a modified Prim’s Minimum spanning tree algorithm, followed by implementation of an all-pair shortest path Floyd Warshall algorithm for navigation purposes. Firms use a non-linear production function for transformation of land, labor, and capital inputs to finished product. A GA-Vehicle Routing Problem …

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The Impact Of Cluster Strength On Wages: An Empirical Analysis, Devan Schaefer Jan 2023

The Impact Of Cluster Strength On Wages: An Empirical Analysis, Devan Schaefer

Electronic Theses and Dissertations

In this thesis, I examine the relationship between clusters (i.e., the grouping of competitive, interconnected industries within a geographical area) and wages, building upon the work of Marshall (1890) and Porter (2003) on the importance of clusters for regional economic development. I seek to answer two research questions. First, after accounting for robustness tests, do clusters continue to affect wages positively? Second, is labor force productivity the only channel through which this relationship occurs? In my analysis, I employ ordinary least squares, two-stage least squares, and fixed effects regression analyses using panel data from 2009 to 2014 for every U.S. …

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Decentralizability Of Efficient Allocations With Heterogenous Forecasts, Shurojit Chatterji, Atsushi Kajii Jan 2023

Decentralizability Of Efficient Allocations With Heterogenous Forecasts, Shurojit Chatterji, Atsushi Kajii

Research Collection School Of Economics

Do price forecasts of rational economic agents need to coincide in perfectly competitive complete markets? To address this question, we define an efficient temporary equilibrium (ETE) within the framework of a two period economy. Although an ETE allocation is intertemporally efficient and is obtained by perfect competition, it can arise without the agents forecasts being completely coordinated on a perfect foresight price. Nevertheless, it entails price forecasts delicately related with each other: we show that regardless of the number of agents, there is a one dimensional set of such Pareto efficient allocations for generic endowments.

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Is Democracy Good For Growth? Development At Political Transition Time Matters, Di Sima, Fali Huang Jan 2023

Is Democracy Good For Growth? Development At Political Transition Time Matters, Di Sima, Fali Huang

Research Collection School Of Economics

Is democracy a better political regime for economic prosperity than autocracy? This paper shows that the answer depends on the initial economic development level during the democratic transition when the foundation of institutions was laid. Democracy facilitates growth only in countries that already have adequate development at transition time. These countries are more likely to create and sustain growth-enhancing institutions than others. Without appropriate development, democracy does not improve growth; this applies to about 40% of the third-wave democratized countries. These results are based on a sample of 153 countries in 1960–2010 and robust to various specifications and endogeneity issues.

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Can Digital Finance Promote Low-Carbon Transition? Evidence From China, Xing Ge, Tomoki Fujii Jan 2023

Can Digital Finance Promote Low-Carbon Transition? Evidence From China, Xing Ge, Tomoki Fujii

Research Collection School Of Economics

Using panel data of Chinese cities from 2011 to 2019, this paper analyzes the impact of digital finance on low-carbon transition derived from a super-efficiency slacks-based measure data envelopment analysis. We find that digital finance promotes low-carbon transition, and this finding is robust with respect to the choice of sample, potential presence of measurement issue, choice of study period, presence of other policies, and potential endogeneity, among others. This impact is at least in part goes through increased green innovations. We also find evidence for impact heterogeneity across locations and by the level of low-carbon transition.

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School Attendance Information Or Conditional Cash Transfer? Evidence From A Randomized Field Experiment In Rural Bangladesh, Tomoki Fujii, Christine Ho, Rohan Ray, Abu S. Shonchoy Jan 2023

School Attendance Information Or Conditional Cash Transfer? Evidence From A Randomized Field Experiment In Rural Bangladesh, Tomoki Fujii, Christine Ho, Rohan Ray, Abu S. Shonchoy

Research Collection School Of Economics

Low school attendance remains an important challenge in resource-poor settings with cash and information constraints. We compare conditional cash transfer (CCT) treatments with framing variations (gain and loss) against attendance information treatment as interventions to address these constraints in a unified framework. Our randomized evaluation shows CCT treatments increase attendance by 11 percentage points, about half of which is attributable to attendance information. These treatments improve girls’ academic aspirations and reduce early marriage. Daily CCT set at a quarter of local child wage maximizes attendance impact. We highlight the importance of low-cost information technology to boost attendance sustainably and cost-effectively.

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Growth And Risk: A View From International Trade, Pravin Krishna, Andrei A. Levcheko, Lin Ma, William F. Maloney Jan 2023

Growth And Risk: A View From International Trade, Pravin Krishna, Andrei A. Levcheko, Lin Ma, William F. Maloney

Research Collection School Of Economics

This paper studies the cross-country patterns of risky innovation and growth through the lens of international trade. We use a simple theoretical framework of risky quality upgrading by firms under varying levels of financial development to derive two predictions. First, the mean rate of quality growth and the corresponding cross-sectional variance of quality growth in a country are positively correlated. Second, both the mean and variance of quality changes are positively correlated with the country’s level of financial development. We then test these two hypotheses using data on disaggregated (HS10) bilateral exports to the United States. The patterns in the …

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Retail Pharmacies And Drug Diversion During The Opioid Epidemic, Aljoscha Janssen, Xuan Zhang Jan 2023

Retail Pharmacies And Drug Diversion During The Opioid Epidemic, Aljoscha Janssen, Xuan Zhang

Research Collection School Of Economics

This study investigates the role of retail pharmacy ownership in the opioid epidemic. Using data of prescription opioid orders, we show that compared with chain pharmacies, independent pharmacies dispense 39.1% more opioids and 60.5% more OxyContin. After an independent pharmacy becomes a chain pharmacy, opioid dispensing decreases. Using the OxyContin reformulation, which reduced non-medical demand but not the legitimate medical demand, we show that at least a third of the difference in the amount of OxyContin dispensed can be attributed to non-medical demand. We show that differences in competitive pressure and whether pharmacists own the pharmacy drive our estimates.

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Predictive Taxonomy Analytics (Lasso): Predicting Outcome Types Of Cyber Breach, Jing Rong Goh, Shaun S. Wang, Yaniv Harel, Gabriel Toh Jan 2023

Predictive Taxonomy Analytics (Lasso): Predicting Outcome Types Of Cyber Breach, Jing Rong Goh, Shaun S. Wang, Yaniv Harel, Gabriel Toh

Research Collection School Of Economics

Cyber breaches are costly for the global economy and extensive efforts have gone into improving the cybersecurity infrastructure. There are numerous types of cyber breaches that vary greatly in terms of cause and impact, resulting in an extensive literature for individual cyber breach type. Our paper seeks to provide a general framework that can be easily applied to analyze different types of cyber breaches. Our framework is inspired by the taxonomy approach in the cybersecurity literature, where it was proposed that an effective set of taxonomy can provide a direction on supporting improved decision-making in cyber risk management and selecting …

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Conditional Evaluation Of Predictive Models: The Cspa Command, Jia Li, Zhipeng Liao, Rogier Quaedvlieg, Wenyu Zhou Jan 2023

Conditional Evaluation Of Predictive Models: The Cspa Command, Jia Li, Zhipeng Liao, Rogier Quaedvlieg, Wenyu Zhou

Research Collection School Of Economics

In this article, we introduce a new command, cspa, that implements the conditional superior predictive ability test developed in Li, Liao, and Quaedvlieg (2022, Review of Economic Studies 89: 843–875). With the conditional performance of predictive methods measured nonparametrically by the conditional expectation functions of their predictive losses, we test the null hypothesis that a benchmark model weakly outperforms a collection of competitors uniformly across the conditioning space. The proposed command can implement this test for both independent cross-sectional data and serially dependent time-series data. Confidence sets for the most superior model can be obtained by inverting the test, for …

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Presidential Economic Approval Rating And The Cross-Section Of Stock Returns, Zilin Chen, Zhi Da, Dashan Huang, Liyao Wang Jan 2023

Presidential Economic Approval Rating And The Cross-Section Of Stock Returns, Zilin Chen, Zhi Da, Dashan Huang, Liyao Wang

Research Collection Lee Kong Chian School Of Business

We construct a monthly presidential economic approval rating (PEAR) index from 1981 to 2019, by averaging ratings on the president’s handling of the economy across various national polls. In the cross-section, stocks with high betas to changes in the PEAR index significantly under-perform those with low betas by 1.00% per month in the future, on a risk-adjusted basis. The low PEAR beta premium persists up to one year, and is present in various sub-samples and even in other G7 countries. PEAR beta dynamically reveals a firm’s perceived alignment to the incumbent president’s economic policies and investors seem to misprice such …

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A Mixture Autoregressive Model Based On Student’S T–Distribution, Mika Meitz, Daniel Preve, Pentti Saikkonen Jan 2023

A Mixture Autoregressive Model Based On Student’S T–Distribution, Mika Meitz, Daniel Preve, Pentti Saikkonen

Research Collection School Of Economics

A new mixture autoregressive model based on Student’s t–distribution is proposed. A key feature of our model is that the conditional t–distributions of the component models are based on autoregressions that have multivariate t–distributions as their (low-dimensional) stationary distributions. That autoregressions with such stationary distributions exist is not immediate. Our formulation implies that the conditional mean of each component model is a linear function of past observations and the conditional variance is also time-varying. Compared to previous mixture autoregressive models our model may therefore be useful in applications where the data exhibits rather strong conditional heteroskedasticity. Our formulation also has …

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R&D Subsidies In Permissive And Restrictive Environment: Evidence From Korea, Yumi Koh, Gea M. Lee Jan 2023

R&D Subsidies In Permissive And Restrictive Environment: Evidence From Korea, Yumi Koh, Gea M. Lee

Research Collection School Of Economics

This paper investigates the extent to which a regulatory environment for R&D subsidies shapes the magnitude and direction of R&D subsidies set by a government and consequent innovation paths. When the WTO adopted a permissive regulatory environment, we find that the Korean government increased R&D subsidies significantly (89.21%) and selectively so for firms and industries with higher returns. Recipient firms conducted less basic research and more development research. Improvements in innovations were mostly incremental and minor. However, such changes did not persist once the WTO switched to a restrictive regulatory environment. Our findings show that the regulatory environment imposed by …

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Bubble Testing Under Polynomial Trends, Xiaohu Wang, Jun Yu Jan 2023

Bubble Testing Under Polynomial Trends, Xiaohu Wang, Jun Yu

Research Collection School Of Economics

This paper develops the asymptotic theory of the least squares estimator of the autoregressive (AR) coefficient in an AR(1) regression with intercept when data is generated from a polynomial trend model in different forms. It is shown that the commonly used right-tailed unit root tests tend to favor the explosive alternative. A new procedure, which implements the right-tailed unit root tests in an AR(2) regression, is proposed. It is shown that when the data generating process has a polynomial trend, the test statistics based on the new procedure cannot find evidence of explosiveness. Whereas, when the data generating process is …

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Biophysical Measures To Support Analysis And Communication Of Existence Values, James Boyd, Robert Johnston, Paul Ringold Jan 2023

Biophysical Measures To Support Analysis And Communication Of Existence Values, James Boyd, Robert Johnston, Paul Ringold

Economics

A recent focus of ecosystem services research has been on the definition of biophysical outcomes and measures most closely linked to social welfare. There is a particular need to identify biophysical outcomes corresponding to existence values. (Values associated with existence apart from any current or future use.) We review economic and ecological evidence to answer two key questions: First, what are ideal characteristics of linking indicators for existence values? Linking indicators should be: understandable, subject to direct sensory perception, represented at relevant temporal and spatial scales, comprehensive, and quantifiable in a repeatable manner. Second, what types of ecosystem outcomes are …

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Permutation-Based Tests For Discontinuities In Event Studies, Federico Bugni, Jia Li, Qiyuan Li Jan 2023

Permutation-Based Tests For Discontinuities In Event Studies, Federico Bugni, Jia Li, Qiyuan Li

Research Collection School Of Economics

We propose using a permutation test to detect discontinuities in an underlying economic model at a cutoff point. Relative to the existing literature, we show that this test is well suited for event studies based on time-series data. The test statistic measures the distance between the empirical distribution functions of observed data in two local subsamples on the two sides of the cutoff. Critical values are computed via a standard permutation algorithm. Under a high-level condition that the observed data can be coupled by a collection of conditionally independent variables, we establish the asymptotic validity of the permutation test, allowing …

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Time Allocation Pattern For Household And Expenditure Saving Market Activities By Using Economic Value Of Time: A Gender-Based Analysis In Pakistan, Hamna Nasir, Ambreen Fatima, Gulrukh Zahid Jan 2023

Time Allocation Pattern For Household And Expenditure Saving Market Activities By Using Economic Value Of Time: A Gender-Based Analysis In Pakistan, Hamna Nasir, Ambreen Fatima, Gulrukh Zahid

Business Review

The objective of this study is to estimate the opportunity cost of time spent on household work and expenditure saving market work performed by individuals by taking into account their personal and socio-demographic characteristics. Data is gathered from Labour Force Survey of Pakistan for different years. Pseudo panel technique is used by making cohorts of household and expenditure saving market activities, region and province. Increase in the opportunity cost of time increases female household work hours and expenditure saving market hours by 6.2 and 7.001 hours/week respectively, whereas increase in the opportunity cost of time increases male household hours and …

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2023 Finance Calendar, Amanda Christensen, Melanie Jewkes, Andrea Schmutz, Alicia Nelson-Bell, Vincenza Vicari-Bentley, Lisa Cox Jan 2023

2023 Finance Calendar, Amanda Christensen, Melanie Jewkes, Andrea Schmutz, Alicia Nelson-Bell, Vincenza Vicari-Bentley, Lisa Cox

All Current Publications

This 2023 calendar from Empowering Financial Wellness, Utah State University Extension, outlines small monthly steps to improve personal finances throughout the year.

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If You Can't Beat Them, Join Them: Richard Posner And Behavioral Law And Economics, Avishalom Tor, Doran Teichman, Eyal Zamir Jan 2023

If You Can't Beat Them, Join Them: Richard Posner And Behavioral Law And Economics, Avishalom Tor, Doran Teichman, Eyal Zamir

Journal Articles

Since its publication in 1973, Economic Analysis of Law (the Treatise) by Richard Posner has been recognized as the canonical treatise in the field. Given this status, observing changes over time in the different editions of the book can highlight substantial and methodological shifts in the area. On this backdrop, this brief essay will highlight Posner's change of attitude towards behavioral analysis of law over the years, culminating with the incorporation of behavioral insights into the las edition of this book, published in 2024.

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Net-Zero Asset Owner Alliance: Evidence On The Paris Alignment Of Members’ Disclosure, Proxy Voting, And Fossil Fuel Bond Investing, L. Chin, Theodor Florian Cojoianu, Andreas G. F. Hoepner, D. Moreno, R. Patil, Anh Vu Jan 2023

Net-Zero Asset Owner Alliance: Evidence On The Paris Alignment Of Members’ Disclosure, Proxy Voting, And Fossil Fuel Bond Investing, L. Chin, Theodor Florian Cojoianu, Andreas G. F. Hoepner, D. Moreno, R. Patil, Anh Vu

Research Collection College of Integrative Studies

One of the seven sector-specific alliances under the Glasgow Financial Alliance for Net Zero (GFANZ), the United Nations-convened Net-Zero Asset Owner Alliance (NZAOA) is an international group of 74 institutional investors with a combined pool of assets under management (AUM) worth US$10.6 trillion.i NZAOA members are committed to transitioning their investments to netzero emissions by 2050, in line with the latest Intergovernmental Panel on Climate Change (IPCC) scientific research to follow “no or limited” overshoot trajectories to a 1.5°C scenario. NZAOA members also launched a more ambitious second edition of the Target Setting Protocol (TSP2) at the beginning of 2022. …

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