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2021 ◽  
pp. 183933492110651
Author(s):  
Shijiao (Joseph) Chen ◽  
Hongzhi Gao ◽  
Jing A. Zhang

Industry-wide crises are rooted in institutional problems and can cause large-scale negative consequences. This study investigates consumer responses during industry-wide crises by considering micro-level psychological aspects of institutions – the processes in which individual consumers perceive, judge and respond to the affected industry as an institutional entity. Specifically, it examines how consumers’ perceptions of the normative and regulatory environments of the affected industry influence their purchase intentions through legitimacy judgement. A consumer survey ( n = 534) was conducted after an industry-wide crisis in the Chinese dairy market. The results show that a high degree of perceived normalised misconduct and insufficient governmental regulation propel consumers to form negative legitimacy judgements of institutions and decrease their purchase intentions. This study is one of the first to provide an integrative framework for understanding consumer psychological mechanisms during industry-wide crises. It contributes to integrating the perspectives of consumers’ micro-level psychological mechanisms with views from macro-institutional environments. The research provides implications for managing industry misconduct and industry-wide crises.


2021 ◽  
pp. 152747642110528
Author(s):  
Gavin Feller ◽  
Benjamin Burroughs

This paper analyzes emerging shifts in YouTube, advertising, and children’s digital media industries through a case study of Pocket Watch, a digital-first production and distribution studio built exclusively for YouTube child stars. Our analysis reveals the company’s strategic use of legacy media industry power, networks, and expertise to transform YouTube stars into global brands through the creation of toy, clothing, and lifestyle product lines across several industries. We further argue that Pocket Watch’s newly formed advertising division, Clock Work, exploits its child partners through problematic native advertising and host selling practices. The strategies implemented by Pocket Watch and other similar emerging companies may therefore act as a litmus test for how governmental regulation and platform policy changes will impact the evolving landscape of children’s digital media as commercial forces increasingly groom a growing number of young children to shift from YouTube stars to global brands.


Author(s):  
Paul B. de Laat

AbstractThe term ‘responsible AI’ has been coined to denote AI that is fair and non-biased, transparent and explainable, secure and safe, privacy-proof, accountable, and to the benefit of mankind. Since 2016, a great many organizations have pledged allegiance to such principles. Amongst them are 24 AI companies that did so by posting a commitment of the kind on their website and/or by joining the ‘Partnership on AI’. By means of a comprehensive web search, two questions are addressed by this study: (1) Did the signatory companies actually try to implement these principles in practice, and if so, how? (2) What are their views on the role of other societal actors in steering AI towards the stated principles (the issue of regulation)? It is concluded that some three of the largest amongst them have carried out valuable steps towards implementation, in particular by developing and open sourcing new software tools. To them, charges of mere ‘ethics washing’ do not apply. Moreover, some 10 companies from both the USA and Europe have publicly endorsed the position that apart from self-regulation, AI is in urgent need of governmental regulation. They mostly advocate focussing regulation on high-risk applications of AI, a policy which to them represents the sensible middle course between laissez-faire on the one hand and outright bans on technologies on the other. The future shaping of standards, ethical codes, and laws as a result of these regulatory efforts remains, of course, to be determined.


SAGE Open ◽  
2021 ◽  
Vol 11 (4) ◽  
pp. 215824402110475
Author(s):  
Bingqiang Li ◽  
Jing Yu ◽  
Lei Huang ◽  
Jinzhi Li ◽  
Changhan Luo

This study analyzed the manufacturing implemented different modes of innovation at different regions, and established a model to predict the likelihood that the enterprise would follow the innovation mode dominated by the local government. Governmental regulation of innovation and spurring enterprises to innovate were important tools for development of the manufacturing in China, but regional differences in economic development required different coupling strategies of innovation. The results revealed that the developed region in China was biased to undertake disruptive innovation, while the developing region drived incremental innovation mainly, and made a theoretical model to explore the probability respectively. We assigned corresponding values based on theoretical analysis and relevant assumptions, and discovered that in the developing region was more likely to follow the innovation mode proposed by the local government than that in the developed region, but the data demonstrated that the probability were comparatively small for both the developed region and the developing region.


2021 ◽  
Vol 43 (2) ◽  
pp. 145
Author(s):  
I Gusti Ngurah Parikesit Widiatedja

As a regulatory tool, spatial planning is important as it directs socio-economic development and prevents environmental and social damage by commercial and public projects. There should be an integrated spatial management to ensure the effective use of restricted spatial resources, balancing infrastructural, industrial and commercial business development with the available resources, including land, forest, and marine. However, the fragmented approach to spatial management has been thrived since the independence of Indonesia. The newly controversial Law No. 11 of 2020 on Job Creation has emerged a big hope that Indonesia will end the fragmented approach to spatial management. However, this Law seems to maintain this approach by enacting four different governmental regulation for four spatial issues, namely land use planning; forestry; energy and mineral resources; and marine and fishery. This fragmented approach has adverse consequences as it leads to overlapping authorities that may end up with disharmony and conflicting regulations. Besides, the insistence to employ fragmented approach to spatial management has linked to oligarchy issue as shown by old older, new order and the regional autonomy era.


2021 ◽  
Vol 19 (4) ◽  
pp. 48-60
Author(s):  
Nataliya Vnukova ◽  
Robert Bacho

Non-bank financial institutions play an important role in the non-bank financial service markets expressed in expanding the access to financial services for individuals and legal entities. The non-bank financial service markets demonstrate their performance peculiarities in the pre-crisis and post-crisis periods that bring up to date the need to form a scientific presentation of their development trends. Therefore, it is necessary to provide scientific background and identify the regress and progress processes in the non-bank financial service markets. The research aim is to develop an analytical approach to determining the peculiarities of the development processes in the non-bank financial service markets. The research assesses the key indicators of the non-bank financial service markets in terms of quantity by dividing a set of values into groups by cluster analysis and multidimensional object clustering by a system of indicators, as well as identifying the progress and regress patterns in the non-bank financial service markets. Achieving the research results requires taking into account the above-mentioned objectives fulfilled in seven stages. The research results reflect the influence on the financial service markets exerted by the governmental regulation policy and the consumer protection level in these markets.


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