This study examines the roles of the Internet and other types of media use in explaining the support for direct democracy and further investigates the mediation of political trust…
Abstract
Purpose
This study examines the roles of the Internet and other types of media use in explaining the support for direct democracy and further investigates the mediation of political trust in the relationship between media use and the attitude toward direct democracy.
Design/methodology/approach
Using data drawn from Taiwan Social Change Survey 2014 and the approach of structural equation model framework, this study identifies the indirect effects of the Internet and other types of media use on the attitude toward referendums.
Findings
The results of this study show that the frustration resulting from the process of representative politics dominated by political elites is associated with the support for direct democracy as an effective alternative to generate political influences in the formation of public policies.
Originality/value
The advances in the Internet and information technology have expanded the possible platforms of obtaining political information and enabled people to rapidly access political information at lower costs. It is expected that Internet use has altered the relationships among citizens, political parties and the government, potentially influencing citizens' political trust and their attitude toward direct democracy.
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The purpose of this paper is to test the theoretical predictions of the social capital investment model and examine the relationships between different forms of social capital and…
Abstract
Purpose
The purpose of this paper is to test the theoretical predictions of the social capital investment model and examine the relationships between different forms of social capital and subjective happiness in Taiwan.
Design/methodology/approach
This paper uses the data from the Survey of Social Development Trends in Taiwan 2003 for empirical investigations with ordinary least squares and ordered probit estimations.
Findings
The findings are mostly consistent with the characteristics implied by the social capital investment model. Moreover, to some extent, the individual impacts of different measures of social capital – including contributions to non‐profit organizations, volunteering, social and community involvement, and trust – on subjective happiness are identified.
Practical implications
The results from this paper provide valuable policy implications for researchers and policymakers who are concerned about the impacts of changes of social structures and political institutions on people's well‐being during democratic developments.
Originality/value
Studies on the relationship between social capital and subjective happiness for the new democratic Asian societies have received much less attention. Since the late 1980s, Taiwan has experienced a political transition from an authoritarian to a democratic regime along with rapid economic development and further opening of society toward different individual beliefs, cultures, and global views. During this process, there have been various changes in the socio‐cultural context of society that is critical for the formation of social capital. This paper is considered as one of very few studies on the linkage between social capital and subjective happiness for a new democratic society.
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The popularity of wealth management in Taiwan has unleashed tense competition among financial advisors. Consumers are now more conscious of their financial services purchasing…
Abstract
Purpose
The popularity of wealth management in Taiwan has unleashed tense competition among financial advisors. Consumers are now more conscious of their financial services purchasing behavior. This paper aims to provide insights into local-specific investors’ characteristics and consumers’ financial product preferences and to introduce a different concept to identify localization-suitable products.
Design/methodology/approach
To understand customers’ preferred products, the paper examines consumers’ financial behavior by analyzing preference characteristics using data collected from Taiwanese investors. The study entailed a questionnaire designed for consumers using the stated preferences method and the multinomial and nested logit models to develop preference models for consumers’ financial products. A statistical test using the t-value, likelihood and ρ2 to observe investor preference product reactions was also used.
Findings
The study finds that investors are sensitive to the rate of return on investments and performance changes in foreign currency, stock and mutual funds. An elasticity analysis and prediction of the market share among interactive products show that stock and mutual funds are strongly related and the rate of return on stock undoubtedly influences the market.
Originality/value
The stated preference method and inclusion of risk appetite improve our understanding of consumer choice and investors’ financial product preferences and characteristics. The results provide suitable localization product suggestions for financial institutions to help them understand their customers’ behaviors better. This paper’s results are also useful in the context of smart financial services such as financial robot technology.
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Chung‐Ching Chiu, Chih‐Hung Tsai and Yi‐Chan Chung
In the early industrial age which with high intensity of machine and labor, using financial measurement index was good enough to tie in company’s mechanization and philosophy of…
Abstract
In the early industrial age which with high intensity of machine and labor, using financial measurement index was good enough to tie in company’s mechanization and philosophy of management and been in efficiency. But being comply with “New Economic age,” a new economic environment is full of knowledge and information, the enterprise competition had changed from tangible assets, plants to intangible innovation ability of knowledge. As recognizing the new tendency by enterprise, they value gradually the growth and influence from learning. Practice of organization learning not only needs firm structure and be in coordination with both hardware and software, but also needs an affect measurement model to offer enterprise to estimate learning performance. It’s a good instrument of financial performance measure mold in the past years, But it’s for measuring the past, couldn’t formulate enterprise trend to future, hard to estimate investment for future, such as development of products, organization learning, knowledge management etc, as which intangible assets and knowledge ability just the key factors of being win around competition environment in the future. In 1992, Kaplan and Norton brought up Balance Scorecard (BSC) on Harvard Business Review, as an instrument helping enterprise to measure performance, which is being considered to be a most influence management instrument. It added non‐financial index such as customer, internal process and learning growth besides traditional financial index, as offering enterprise an index to measure and manage intangible assets and intellectual property. As being aware of organization learning is hard to be ignored in the new economic age, this research is based on learning and growth of BSC, and citing one national material company try to let the most difficult measurement performance of organization learning, to be estimate through BSC, analyze of factor and individual case, to discuss the company how to make the related strategy and vision of organization learning to develop learning and growth of the structure of BSC, subject the matter of out put factors to be discussed, and measure the outcomes as a result of research. The research affect offers (1) the base implement procedure of carrying out BSC; (2) the reference of formulating measurement index while enterprise using BSC to estimate performance of organization learning; (3) the possibility bottleneck maybe forcing while carrying out BSC, to be an improvement or preventive for enterprise.