Suchergebnisse

This paper investigates the relationship between dividend payout and institutional ownership for all Australian listed firms in the period between 2001 and 2015. In our univariate tests, we find that institutional investors, in general, prefer dividend-paying firms more than non-paying firms, and for the dividend-paying firms in our sample, institutional investors hold more shares in the firms who pay higher dividends. We further explore the causality between dividend payout and institutional ownership in our multivariate tests with our panel data. The results show an insignificant effect of institutional ownership (dividend payout) on the future dividend payout (institutional ownership) while controlling for firms&rsquo ; fundamentals, that a higher dividend yield does not attract more institutional investors and that there is no catering to Australian institutional investors.

Chapter 1 Introduction -- Chapter 2 Regime "Type" and Civic Education: Theoretical Perspectives -- Chapter 3 Civic Education in an Authoritarian Regime: The Case of Mainland China -- Chapter 4 Civic Education in a Hybrid Regime: The Case of Hong Kong -- Chapter 5 Civic Education in Democracy: The Case of Taiwan -- Chapter 6 Cross-cases Analysis on Regime "Type", 'Good Citizen' and Civic Education -- Chapter 7 Key Factor for Impact of Regime "Type" on Patterns of Civic Education: Regime Capacity -- Chapter 8 Discussion and Conclusion.

Abstract

Keqi is a politeness1-related metalexeme in both historical and contemporary Chinese. It is often understood as synonymous to the etic metalexeme "polite". This article explores the meaning of keqi in historical Chinese by delineating the shared characteristics of the verbal and non-verbal behaviors that are interpreted as keqi in participants' metapragmatic comments (99 cases of bubi keqi, 66 cases of buyong keqi, and 16 cases of bie keqi) in historical Chinese and by analyzing how the practice of keqi impacts the ongoing interaction. We find that the practice of keqi should be understood as a type of relational ritual and that it can be understood as a ritual frame indicating practice which indicates an emergent standard situation. As a metalexeme, keqi is different from politeness in that it is associated with the operation of ritual frame indication in a behavioral act, while politeness is associated with the operation of other-attentiveness. In cases where both the operations are possible, the interpretation of a behavior as keqi or polite depends on which operation is more salient to the recipient.

AbstractFace-giving is an understudied notion among the studies of face and facework. This article aims to enhance the understanding of the concept by exploring how the first-order concept of mianzi giving is understood by native members. By examining native discourses in which mianzi giving is explicitly mentioned, we find that in addition to being based on the actor's intention or the recipient's feeling, the interpretation of mianzi giving can also be based on the interpersonal consequence of an act grounded in the understanding of the (meta)participant, who takes the footing of the author in the Goffmanian sense. In the (meta)participant's understanding, mianzi giving is understood as a marked and favorable alternative act with reference to the empirical or moral parameter evoked in the local interaction.

Leadership succession is critical to the performance of nonprofit organizations. Existing research has mostly treated leadership succession as an instantaneous event, and it has examined the independent effects of certain factors on organizational performance. However, little research has focused on the combinations of causally relevant factors. This article integrated organizational life cycle, resource dependence, and institutional theories, as well as the organizational fit literature, to explain how contextual and strategic factors combine to affect postsuccession performance. A fuzzy‐set qualitative comparative analysis (fsQCA) was used to analyze 15 succession events in Chinese environmental nongovernmental organizations (NGOs). The study identified four pathways to good NGO performance after succession. It also highlighted that it is not succession per se but the succession context (i.e. founders' control, board governance, professionalization, and political environment) and the strategic orientations of the successor that affect postsuccession performance in nonprofit organizations.

Abstract
All regimes, both democratic and non-democratic, have a bias towards the type of 'good citizen' they require. Mainland China, as a typical authoritarian regime, actively proposes and defines its idea of a 'good citizen' and implements civic education to cultivate students into becoming the 'good citizen' it necessitates. This article is based on research employing qualitative methods to compare the 'good citizen' as defined by Chinese authorities with the perceptions of junior high-school students. The purpose of this article is to examine whether students feel they can fulfil the role of 'good citizen' as required by the Chinese authoritarian regime. It argues that the majority of students' perceptions of a 'good citizen' are consistent with what Chinese authorities desire. Furthermore, this article indicates that the state's strong capacity to support the authoritarian regime most likely accounts for the students' obedience in adopting the qualities of the regime's desired 'good citizen' in mainland China.

This study examines the use and spending effects of land-transfer revenues in Chinese local governments. It tests the effects of such revenues on local revenue and expenditure structures using city-level budgetary data, and also the effects on the performance of public spending on economic and social development to indirectly estimate the actual spending preferences of local governments in terms of their "total" (both on- and off-budget) spending. The author found that land finance is more of an eastern phenomenon; and most cities in China still rely on budgetary revenues and intergovernmental transfers. Land-transfer revenues tend to be used to support local economic development rather than social development. (China/GIGA)