OPERATION MANAGEMENT OF RURAL BANKS OF LOCAL GOVERNMENT: AN ASSESSMENT OF AGENCY CONFLICT OR SOCIAL RESPONSIBILITY

Rural banks with local government ownership as majority shareholders aimed to increase public welfare and earn profits. state-owned banks (also state-owned enterprises (SOEs)) also have agency conflict, which may increase due to increased political content. Post-merger and acquisition (Post-M&A) due to the COVID-19 pandemic increases rural bank risk in lending. The research objective is to determine the impact of increased risk on rural bank lending. Data were collected from 32 annual reports of rural banks in Indonesia. Documentation was used to collect the data. Loan deposit ratio (LDR) is the dependent variable, the risk is the independent variable, and capital adequacy ratio (CAR), net profit margin (NPM), and return on equity (ROE) as the control variables. The technique of analyzing data is an analysis of covariance. The result show banks with below-average risk have a greater difference (0.0393) than above-average risk (0.0347). Another result indicates that LDR is not determined by the bank's health or the business risk of the debtor. Government demands through financing in local government, and it ignores risks and produces risk-taking behavior of managers. The government, as the majority shareholder, has a more effective monitoring role. Corporate social responsibility (CSR) oriented to society demand has been produced from rural banks owned by the government. © 2023 The Authors.

The effect of corporate governance elements on corporate social responsibility reporting of listed companies in Vietnam

This paper examines the impact of various corporate governance characteristics on the disclosure of corporate social responsibility (CSR) information in the context of developing markets during the COVID-19 pandemic. We used data from the annual reports of the top 100 companies listed on the Ho Chi Minh Stock Exchange from 2019 to 2021 to investigate the relationship between board independence, board size, CEO duality, foreign ownership, government ownership, and the disclosure level of CSR reporting. We employed a content analysis to measure CSR disclosure level by using the CSR reporting index (CSRRI) with 17 items. The panel regressions including three techniques like the pooled-ordinary least squares (OLS), fixed effects model (FEM), and random effects model (REM), were used to analyze the data, and FEM) shows its best fit to the model. The results suggest that board independence and government ownership correlate positively and significantly with companies' decisions to disclose CSR information. In contrast, board size, CEO duality, foreign ownership and was found to be insignificant. Our study extends the literature on CSR particularly in developing countries where governments play a significant role in promoting economic development. It also evaluates the CSR disclosure level of the top listed companies in Vietnam. Since then, the paper's results provide several insights to the policymakers to identify the corporate governance characteristics that will promote CSR reporting in Vietnam's listed companies.

Social distancing and local bias

This study investigates the effect of social distancing on the local bias of institutional investors. Using SafeGraph's Social Distancing Metrics data and SEC's EDGAR 13F filings, we find that stay-at-home duration ratio decreases institutional investors' local holdings and firms' institutional ownership in the U.S. We also exploit the lockdown orders across various states during the COVID-19 pandemic as exogenous shocks to conduct the stacked regression estimation, which yields a similar result. Our channel analysis using abnormal return indicates that social distancing mitigates local bias by constraining the information advantage of local investors rather than alleviating their cognitive bias. © 2022 Elsevier Inc.

Sustainable institutional investment in the COVID-19 pandemic

This article examines institutions' investment strategies towards environmental and social (E&S) stocks in the first quarter of 2020, coinciding with the COVID-19 pandemic outbreak. Backed with both institutional- and firm-level analyses, we find that institutional investors shift towards stocks with higher E&S performance. The high E&S portfolios exhibit lower risk and return characteristics, outperforming (underperforming) their peers on market-down (-up) days. Further analysis shows this shift towards E&S is not a permanent transition, rather it reversed with the market rebound in the second quarter, thereby suggesting that the underlying driver of institutional E&S investment strategy in the pandemic is downside-risk protection. JEL Classification: G01, G12, G23, M14 © The Author(s) 2022.

The Next Pandemic Might be a Petdemic

A new scientific study shows that COVID-19 can be transmitted from cats to humans. Luckily, this channel of transmission seems extremely rare, at least thus far. But next time & mdash;and there will be a next time & mdash;we may not be so fortunate. This Article addresses this underappreciated risk of what I term a "petdemic"& mdash;a pandemic or epidemic that involves significant disease transmission between pets and humans. With nearly 70% of U.S. households owning pets, a petdemic could be catastrophic. One of our go-to responses for even perceived petdemics, honed over the last century, is to slaughter our pets. This pioneering Article proposes a way to break that cycle. Would existing legal restrictions curb the excess reactions of individuals and governments? Unfortunately, they would not. In the immediate aftermath of COVID-19, we have a chance to prepare for this problem. We must seize this opportunity to craft proactive legal and other policy solutions that emphasize creating options for pet owners to retain their animals, as well as removing knowledge gaps likely to characterize a novel infectious disease and potential bottlenecks exacerbated by legal restrictions or infrastructure shortfalls. The survival of our animals and our very humanity may depend on these endeavors.

Small Business and Livelihood: A Study of Pashupatinath UNESCO Heritage Site of Nepal

Small businesses in world heritage sites provide services to visitors and livelihood for residents. Besides the cultural and religious values promoted by these businesses, they also provide socioeconomic support to their owners. The Pashupatinath temple is known as Hindu's major religious and pilgrimage destination in South Asia. Hundreds of businesses around the temple provide services to visitors. This study evaluates the socioeconomic impacts of these small businesses around Pashupatinath temple. Using a survey of 110 businesses, binary logistic regression models find that the owners of larger businesses selling religious supplies in this area are more likely to own houses in Kathmandu and to be more satisfied with their businesses. The study also finds that businesses without permanent stalls faced severe hardship during the COVID-19 pandemic. This study assessed the socioeconomic status of a business owner through house ownership in Kathmandu, and finds that small businesses operating in the premises of the religious heritage site of Pashupatinath temple have a positive relation to the livelihood of the business owners and their families. It concludes that small-scale business in world heritage sites directly contributes to local livelihoods and economies. © 2022 by the authors.

Telework Perceptions and Factors: What to Expect After the Covid-19

This chapter analyses factors and perceptions of telework, a term used for all practices of remote work, distant working, telecommuting and working from home. Our focus is on the influence of ownership, industry and support given by the organisation to the employee. Data for this study was gathered during the year of 2021st. We have analysed data from 166 employees after roughly 15% of responses were eliminated by the control question. More than 50% of participants were mostly teleworking, around 25% mainly were working from the office, and the rest had a relatively equal combination of those two work approaches. We have found the difference between state-owned and privately-owned organisations in the perception of "telework benefits” and between different industries for the perception of "telework problems”, and both variables show different perceptions in groups with different educational support. We propose a model of the telework aversion with the factors of leaving home preference, telework anxiousness, and provided education and support by the organisation for the telework. The main limitation of our research comes from the sample size and structure. While all the model's factors are significant, our model's predictive power is very low, which calls for future research. Expanding regional scope and analysis on larger sample sizes can provide comparison and a basis for more advanced models predicting telework aversion. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.

Effects of haptic imagery on purchase intention

The COVID‑19 pandemic has increased the popularity of online shopping, and companies are looking for ways to provide consumers with experiences that online shopping cannot provide, such as touching products and imagining them in use. In this context, the importance of haptic imagery of products showcased online is increasing. This study replicated and extended Peck et al.'s (2013, Journal of Consumer Psychology, 23, 189–196) finding that physical control and psychological ownership mediate the influence of haptic imagery on purchase intention. This study showed that imagining touching a product increased purchase intention through the mediation of physical control and psychological ownership compared with not imagining, conceptually replicating Peck et al.'s study. This study also examined the moderating effect of product involvement and showed that there was no moderator role of product involvement. The findings would have a practical application in marketing, such as encouraging consumers to imagine touching the product.

Sailing through the storm – performance of Russian manufacturing subsidiaries of multinational corporations in the first year of the COVID-19 pandemic

The aim of this study is to depict the performance of Russian manufacturing subsidiaries of multinational corporations during the first year of the COVID-19 pandemic. Using a unique handcrafted database of financial reports from 259 subsidiaries for 2019 and 2020, we retraced three indicators of business robustness: the dynamics of revenues, positive profitability, and the level of financial solvency. Most of the studied subsidiaries (85%) were able to withstand the crisis and maintain satisfactory financial solvency. Revenues decreased in 2020 to 40% of the studied subsidiaries, and the share of loss-making subsidiaries reached 31%. However, more than 40% of the studied subsidiaries achieved both an increase in revenues and positive profitability of sales in 2020. In this respect we may assess the level of ‘ownership advantage' of multinational corporations regarding assisting their subsidiaries to achieve different elements of business robustness during the pandemic.

COVID-19 and Food Security in Ethiopia: Do Social Protection Programs Protect?

We assess the ability of Ethiopia's flagship social protection program, the Productive Safety Net Program (PSNP), to mitigate the adverse impacts of the COVID-19 pandemic on food and nutrition security of households, mothers, and children. We use both prepandemic in-person household survey data and a postpandemic phone survey. Employing a household fixed effects difference-in-differences approach, we find that household food insecurity increased by 11.7 percentage points and the size of the food gap increased by 0.47 months in the aftermath of the onset of the pandemic. Participation in the PSNP offsets virtually almost all of this adverse change;the likelihood of becoming food insecure increased by only 2.4 percentage points for PSNP households, and the food gap increased by only 0.13 months. The protective role of the PSNP was greater for poorer households and those living in remote areas. Results are robust to definitions of PSNP participation, different estimators, and how we account for the nonrandomness of mobile phone ownership. Furthermore, PSNP households were less likely to reduce expenditures on health and education by 7.7 percentage points and were less likely to reduce expenditures on agricultural inputs by 13 percentage points.

Unlocking the potential of solar electric vehicles for post-COVID recovery and growth in the transport sector in Ghana

The increasing effect of climate change as a result of CO2 emissions emanating from utilization of conventional energy resources is driving national and regional policies towards global energy transformation in all sectors, including the transportation sub-sector. Internal combustion engine vehicles (ICEV), which use fossil fuel are the main contributors of CO2 emissions in the transport sub-sector. Grid-powered battery electric vehicles (BEV) and solar electric vehicles (SEV) have the potential to reduce emissions in the transportation sub-sector and are therefore being promoted in regions where solar radiation levels are appreciable. Sub-Saharan Africa (SSA) is one of the regions that receives significant radiation levels compared to other parts of the world, however, countries in the sub-region are yet to tap into the enormous benefits of SEV. In this study, comparative lifecycle analysis has been conducted on the total cost of ownership (TCO) of Hyundai Ioniq (BEV), Sono Sion (SEV) and Toyota Corolla (ICEV) for commercial transport operations in SSA, with a case study in Ghana. Research was conducted on 100 drivers of 5-seater petrol/diesel light commercial vehicles (LCV) in the city of Accra and Kumasi. Data were taken on their driving profiles, average travel distance, fuel cost and maintenance cost. Their choices between ICEV, BEV and SEV were also ascertained. Our study revealed that 70% of LCV travel up to 300 km and below, daily. The total cost of ownership for LCV at an average annual travel distance of 60,000 km were 0.21 US$/km, 0.17 US$/km, 0.15 US$/km and 0.14 US$/km for Used-ICEV, New-ICEV, BEV and SEV for 20-year analysis period, respectively. The total cost savings with BEV and SEV usage are at least 28% and 34%, respectively, compared to traditional diesel or gasoline ICEVs. Payback periods for SEV and BEV compared to ICEV are 3.5 years and 4.5 years, respectively. Our study has revealed that there is potential emission savings of 70% and 75% for BEV and SEV, respectively, compared to ICEV. Finally, this study highlights that utilization of SEVs and BEVs for light vehicle commercial transportation in SSA can potentially lead to post-COVID recovery and growth in the sub-region, amidst increasing diesel and petrol prices for ICEVs.

Inclusive leadership can improve nurses' psychological ownership and reduce their turnover intention under the normalization of COVID-19 prevention.

Introduction: The COVID-19 pandemic continues to impact people's lives and professions worldwide. Chinese nurses face immense work pressure under the normalization of COVID-19 prevention and control, resulting in greater turnover intention. It is, therefore, crucial to study the mechanisms that influence the turnover intention of nurses in this situation. Objective: Many studies have examined the impact of leadership style on nurses' turnover intention; however, few researchers have investigated this influence during the COVID-19 pandemic. Based on the leader-member exchange theory, this study empirically studied the effect of inclusive leadership on turnover intention of nurses under the normalization of COVID-19 prevention and control in China, while assessing the mediating role of psychological ownership. Design: Cross-sectional study with multi-center data. Participants: Two thousand, two hundred ninety-nine registered nurses from 17 hospitals in China were recruited from January to March, 2022, under the normalization of COVID-19 prevention and control in China. Methods: A demographic questionnaire and scales of inclusive leadership, psychological ownership, and turnover intention integrated into an online survey were sent to registered nurses of different hospitals. Maximum likelihood structural equation modeling (ML-SEM) was used to analyze data. Results: Independent variable inclusive leadership has a significant effect on the overall turnover intention of nurses, p < 0.001. The direct effect path coefficient from inclusive leadership to psychological ownership is significant, p < 0.001. The direct effect path coefficient from psychological ownership to turnover intention is significant, p < 0.001. The indirect effect path coefficient from inclusive leadership to turnover intention is significant, p < 0.001. Conclusion: Psychological anxiety, burnout, turnover intention, and even suicidal thoughts were the main symptoms of Chinese nurses under the normalization of COVID-19 prevention and control in China. The absence of a mechanism to counteract these negative conditions may ultimately lead to personal psychological distress for nurses and collapse of the healthcare system. Inclusive leadership can improve nurses' psychological ownership level and reduce their turnover intention by treating them fairly, providing them with opportunities for self-development, paying attention to communication with them, and increasing their sense of belonging, self-efficacy, and self-identity.

Host traits, ownership behaviour and risk factors of SARS-CoV-2 infection in domestic pets in Mexico.

SARS-CoV-2 can infect pets under natural conditions, which raises questions about the risk factors related to the susceptibility of these animals to infection. The status of pet infection by SARS-CoV-2 in Mexico is not well-understood. We aimed to estimate the frequency of positive household cats and dogs to viral RNA and antibodies for SARS-CoV-2 during the second wave of human infections in Mexico, and to recognize the major risk factors related to host and pet ownership behaviour. We evaluated two study groups, cats and dogs from COVID-19-infected/-suspected households (n = 44) and those admitted for veterinary care for any reason at several veterinary hospitals in Puebla City, Mexico (n = 91). Using RT-PCR, we identified the presence of SARS-CoV-2 RNA in swabs of four dogs (18.18%) and zero cats in COVID-19-infected/-suspected households; within this group, 31.82% of dogs and 27.27% of cats were tested IgG ELISA-positive; and neutralizing antibodies were detected in one dog (4.55%) and two cats (9.09%). In the random group (pets evaluated at private clinics and veterinary teaching hospital), 25.00% of dogs and 43.59% of cats were ELISA-positive and only one cat showed neutralizing antibodies (2.56%). Older than 4-year-old, other pets at home, and daily cleaning of pet dish, were each associated with an increase in SARS-CoV-2 infection (p < 0.05). Allowing face lick, sharing bed/food with pets and owner tested positive or suspected COVID-19 were not significant risk factors, but more than 4 h the owner spent away from home during the lockdown for COVID-19 (OR = 0.37, p = 0.01), and outdoor pet food tray (OR = 0.32, p = 0.01) significantly decreased the risks of SARS-CoV-2 infection in pets, suggesting that time the owner spends with their pet is an important risk factor.