Institutional Differences in Individual Wellbeing in China

An imbalanced distribution of income and welfare characterizes a developing or transitional economy such as China’s. Even after forty years of reform and rapid economic growth, there is still considerable disparity in wellbeing across different institutional settings in China. Major inequalities exist between rural and urban areas, public and for profit sectors, and state-owned and private enterprises. This paper presents the descriptive differences in individual wellbeing across these kinds of institutional settings from objective and subjective perspectives, enabled by the five waves of the Chinese General Social Survey (CGSS; the years of 2010, 2011, 2012, 2013 and 2015). The results show that: (1) people in urban China enjoy more objective wellbeing than people in rural China, but less subjective wellbeing; (2) people who work for the public sector enjoy more objective and subjective wellbeing than those for the for profit sector; (3) people who work for the state owned enterprises enjoy more objective wellbeing than those for the for profit sector, but subjective happiness is not significantly different. Furthermore, people’s perception of subjective wellbeing not only relies upon substantive objective wellbeing, but also an affiliation with a certain type of institution.

Internationalization of China’s medical device industry: a case study in Brazil

Purpose The singularity of being the first Chinese manufacturer of drug-eluting stents to arrive in Brazil and the country being selected as the company's first experience outside its home country motivated the interest in the study of this case, vis-à-vis with the characteristic of internationalization medical device companies according to the Uppsala model. Considering this context, the following research question was outlined: “How did Microport internationalize before the distribution of its stents product in Brazil?” The aim of the study is to investigate Microport's internationalization process for the distribution of its drug-eluting stents in Brazil. Design/methodology/approach Exploratory research under the qualitative method was adopted. It chose the single case study as a procedure for data collection, as it is a revealing, exemplary subject that offers opportunities for access to unusual research. The company MicroPort was chosen because in the period when Chinese medical device companies were focused on gaining market share in China, MicroPort began its international expansion, choosing Brazil as the first country to have its own subsidiary. It consists in the case of the internationalization of a high-tech EMNE in an emerging country that has institutional and cultural differences. Findings Taking advantage of new technology in highly internationalized environments favors its insertion; the internationalization of medical technology can expand according to the Uppsala Model, which does not explain internationalization, but rather its evolution. Cultural and behavioral issues reinforce that the development of the market for medical devices depends on local perspectives and values. The formation of an ecosystem in the local market for internationalization is observed. One implication of the study is that MicroPort's experience and the application of the Uppsala model for international expansion can serve as an important learning experience for Brazilian multinational companies. Research limitations/implications Empirical analysis carried out in the context of a single company. Although the results can be used as lessons learned from the application of the Uppsala model for international expansion of EMNE in an emerging market, caution should be exercised when generalizing its findings. Future studies could carry out comparative cases considering other emerging multinational companies, from the same sector or even from different industries, investing in other emerging markets. There is a limitation of the fact that the case studied does not explore the concepts of the later stages of the Uppsala model. Practical implications High-tech EMNEs internationalizing in other markets need to adopt aggressive strategies. The need to adopt different strategies for supply chain operations according to the specificities of the markets in which they operate. Important contributions to the Uppsala model, with regard to the process of passing stages, learning and networking. The findings of this study have similarities to the process described as a sequence of distinct phases of activities. Social implications A local top management team is essential to deal with institutional issues of government agencies when EMNE is internationalized in a culturally distant market. When there are major institutional differences between the country of origin and the host country, the autonomy in the management of the foreign subsidiary positively influences the acceleration of the internationalization process of companies in the high-tech sector. When there are major institutional differences between the country of origin and the country of destination, the use of local social networks positively influences the acceleration of the internationalization process of companies in the high-technology sector. Originality/value Regardless of these limitations, the study provided an exciting case of internationalization of a Chinese company in Brazil operating in a high-tech medical sector. The challenges for the internationalization of EMNEs continue, which makes it opportune for future studies to include more research in this area. The propositions suggested in the study may be the first step.

Unemployment Insurance

Unemployment is one of the ‘old risks’ that modern welfare states can be seen to have responded to, but continues to be of great importance in the twenty-first century. Unemployment insurance also appears to be more ridden by political conflicts than other social policy programmes. This chapter describes the evolution of unemployment insurance schemes in eighteen long-standing welfare states. It dates the emergence of the first laws and traces the expansion of the coverage and replacement levels of benefits during the ‘Golden Age’ to more recent periods marked by economic crisis and retrenchment in the quality of unemployment protection. Four models of unemployment insurance are identified: voluntary state-subsidized, targeted, state corporatist, and comprehensive schemes. These models sum up institutional differences that are important for understanding the cross-national variation in a broad set of outcomes—ranging from individual conditions and behaviours, such as poverty and labour supply, to macroeconomic stabilization. The quality of unemployment insurance contributes to explain, among other things, differences in poverty rates over time and among nations.

Acute Care Use by Breast Cancer Patients on Adjuvant Chemotherapy in Alberta: Demonstrating the Importance of Measurement to Improving Quality

Breast cancer patients receiving adjuvant chemotherapy are at increased risk of acute care use. The incidence of emergency department (ED) visits and hospitalizations (H) have been characterized in other provinces but never in Alberta. We conducted a retrospective population-based cohort study using administrative data of women with stage I-III breast cancer receiving adjuvant chemotherapy. Rates of ED and H use in the 180 days following chemotherapy initiation were determined, and logistic regression was performed to identify risk factors. We found that 47% of women receiving adjuvant chemotherapy experienced ED or H, which compared favourably to other provinces. However, Alberta had the highest rate of febrile neutropenia-related ED visits, and among the highest chemotherapy-related ED visits. The incidence of acute care use increased over time, and there were significant institutional differences despite operating under a single provincial healthcare system. Our study demonstrates the need for systematic measurement and the importance of quality improvement programs to address this gap.

A felsőoktatási kínálat és a munkaerőpiaci kereslet találkozása

Összefoglaló. Tanulmányunkban arra kerestük a választ, hogy a friss diplomások munkaerőpiaci kereslete és kínálata mennyire illeszkedik egymáshoz. Kísérletet tettünk arra, hogy képzési területenként meghatározzuk a legjellemzőbb korai karrierutat egy erre alkalmas hálózatban, modulok feltárásával. Megnéztük a szakterületre leginkább jellemző elhelyezkedésektől való eltérések területi és intézményi eloszlásait. Elemzéseinkhez a Diplomás Pályakövetési Rendszer adatait használtuk fel. A 2014–2015-ös tanév 1. félévében, alapképzésben, legalább abszolutóriumot szerzett (22 759 fő) hallgatók elhelyezkedési adatait vizsgáltuk. Részletesebben két szakterület (gazdaságtudomány, műszaki) képzéseit vizsgáltuk intézményi és megyei bontásokban. Summary. In this study, we investigated the performance of the recent graduates in the labour market in terms of the supply and the demand matching. A network science based method was introduced to identify the most typical occupations of the graduate’s training area by exploring modules. We analyzed the spatial and institutional differences in the average early career path. Our analysis is based on the data of Hungarian Administrative Career Tracking System. We examined the employment data of students who obtained a bachelor diploma in the 2014–2015 academic year (22,759 people). We studied more specifically the early career path of graduates who graduated in the economic or engineering training area.

Political and Social Consequences of Qualification Mismatches: A Bounding Approach to Status Inconsistency

Many employees work in jobs that do not match their level of formal education. Status inconsistency theory (SIT) argues that such mismatches result in stress, dissatisfaction, political alienation, and social withdrawal. Status inconsistency may, therefore, pose a threat to social cohesion. However, extant SIT scholarship does not fully appreciate the consequences of an identification problem due to the perfect collinearity among the effects of occupation, education, and their mismatch. I review the literature and show that prior findings depend on implicit theoretical assumptions that are often implausible once spelled out. To overcome this problem, I propose a new approach to the study of mismatches that builds on recent advances in the modeling of age, period, and cohort effects. I demonstrate how a set of relatively weak assumptions that are transparently grounded in sociological theory allows for (partial) identification of mismatch effects. The empirical analysis draws on comparable large-scale survey data from the United Kingdom (UKLHS) and Germany (GSOEP), two countries with a very different institutional organization of education to job matching. Compared with previous research, I use theoretically justified identifying assumptions and provide more rigorous evidence by addressing non-random selection into mismatch. Constrained regression models show mismatch effects on work-related identities, satisfaction, and organizational integration. Contra SIT, my results suggest that the effects of mismatches do not arise from cognitive dissonance but from an expectation formation mechanism. I find only weak evidence that mismatch effects spill over into the political domain. Despite large institutional differences, the results are similar across countries.

Saving with Group or Individual Personal Pension Schemes: How Much Difference Does It Make?

The quality of services provided by institutional investors has attracted considerable attention. This paper adds to the debate by showing that institutional differences in setting up defined contribution personal schemes have an economically and statistically significant impact on the returns. Using a sample of 10,326 UK defined contribution personal pension funds over July 1990–June 2019, I show that pension funds that have a third party involved in contract setting and subsequent oversight deliver 0.96%–1.67% higher gross returns and charge 0.7% lower fees than pension funds offered directly to the public without any well-informed third party involved. I also show that the introduction of additional governance bodies in 2015 resulted in a widening of the performance gap, which further supports the notion that investment governance has a material impact on fund performance. The results highlight the importance of investment oversight and call for more protection for individual investors. This paper was accepted by Tomasz Piskorski, finance.

Capital Round-Tripping: Determinants of Emerging Market Firm Investments into Offshore Financial Centers and Their Ethical Implications

Foreign direct investment (FDI) in offshore financial centers (OFCs) is gaining increased attention in business ethics research. Much of this research tends to focus on OFCs as locations where firms can avoid taxes, considering such behavior as unethical. Yet, there is dearth of studies on capital round-tripping by emerging market firms, which is an integral part of this phenomenon. Such round-tripping involves firms sending capital into OFCs only to invest it back in the home country under the guise of “foreign” investment. Presently there is little discussion of the ethical implications of such round-trip FDI activities. In this paper, we conceptualize round-tripping as institutional arbitrage and look at the determinants and ethical implications of such investments into OFCs. Exploring Russian round-tripping we note that firms tend to invest more funds in OFCs that offer a combination of tax and secrecy, or secrecy and property rights protection arbitrage opportunities. In either case firms exploit the opportunities provided by institutional differences between the OFC and Russia while investing back into Russia. Our results tend to indicate that equating OFC investment to tax avoidance and thus deeming it as unethical behavior is too narrow an explanation in the case of emerging economy round-tripping. This is because such investments are often motivated by the unethical behavior of home country stakeholders and may in fact provide benefits to society.

Change in research and in higher education institutions

Introduction. Funded under the Horizon 2020 programme, the CHANGE project –Challenging Gender (In)Equality in Science and Research– aims to create and implement tailor-made gender equality plans (GEPs) in research performing organisations (RPOs). To make GEPs more sustainable, efforts are being made to stimulate institutional cultural change towards gender equal work environments and foster the gender dimension and inclusive research and innovation programmes in research funding organisations (RFOs) as well. The promotion of a gender equality culture is thus a key requirement for RPOs to maximise their potential. The CHANGE consortium is composed of seven institutions from six countries –Austria, Germany, Portugal, Slovenia, Slovakia, and Israel– of which five are GEP implementing partners and two are experienced partners (one coordinator and one internal evaluator). Objectives and Methodology. This paper approaches the methodology of the project and the structural and cultural challenges faced by the implementing partners so far, looking more specifically to the similarities and differences in the different national and institutional contexts. Results and Discussion. In all the five implementing partners organisations, successful steps have been taken in the implementation of GEPs. Regardless of these first successes, even with increasing women’s representation in management and decision-making positions in some specific cases, implementing partners and coordinators fear that this change may be merely circumstantial or only due and during the project duration. Contribution. The challenges and barriers faced so far to stimulate institutional and cultural change towards gender equal work environments in RPOs are diverse. While there are important social, cultural, and institutional differences among the partner institutions, there is a great similarity in the difficulties faced in implementing GEPs. Resistances and challenges that emerge during processes of change when gender equality policies are implemented in RPOs are more transversal to different national and organisational contexts than one could expect.