作為評委之一,本人有幸再次參與澳門人文社會科學研究優秀成果獎中經濟管理部分的評審工作。是次參賽作品中,在海內外具學術規範之學刊上發表的數量與比例都有所提高,反映本地社科研究的水準正在不斷提升。當中也有不少是高等院校學者的研究成果,也一定程度印證學者對本地研究日益重視,這現象可喜可賀。印象中,不少作品都帶有博彩和旅遊元素,應該是和澳門的經濟發展和產業結構之特徵有關。期望日後有更多和澳門經濟發展中的宏觀與微觀問題之理論與實證研究作品參與,特別是微小開放經濟體的運作邏輯,則“經濟管理”的涵蓋面會更加充實和全面。感謝澳門基金會和中國社會科學雜誌社對促進澳門人文社科研究的付出與努力,希望未來澳門人文社科研究不斷孕育更多優秀的成果。
關鋒
袁持平、楊繼超等 | 2020年
本書從澳門經濟適度多元化的歷程與現狀出發,釐清學者對澳門適度多元化的觀點,結合澳門經濟面臨的內外部困境,用嚴謹的數據分析出澳門適度多元化是否必要及“度”在哪裡的答案,並從“一帶一路”倡議、粵港澳大灣區及橫琴自貿區三個新時代背景出發,從多個角度、多個產業和多個層面為澳門經濟適度多元化及澳門經濟長期可持續增長提供相應的政策建議。
袁持平、楊繼超等 | 2020年
本書從澳門經濟適度多元化的歷程與現狀出發,釐清學者對澳門適度多元化的觀點,結合澳門經濟面臨的內外部困境,用嚴謹的數據分析出澳門適度多元化是否必要及“度”在哪裡的答案,並從“一帶一路”倡議、粵港澳大灣區及橫琴自貿區三個新時代背景出發,從多個角度、多個產業和多個層面為澳門經濟適度多元化及澳門經濟長期可持續增長提供相應的政策建議。
袁持平、楊繼超等 | 2020年
本書從澳門經濟適度多元化的歷程與現狀出發,釐清學者對澳門適度多元化的觀點,結合澳門經濟面臨的內外部困境,用嚴謹的數據分析出澳門適度多元化是否必要及“度”在哪裡的答案,並從“一帶一路”倡議、粵港澳大灣區及橫琴自貿區三個新時代背景出發,從多個角度、多個產業和多個層面為澳門經濟適度多元化及澳門經濟長期可持續增長提供相應的政策建議。
Fu, Xiaoqing (Maggie)、Lin, Yongjia、Zhang, Yang | 2020
The changing face of responsible investing (RI) raises an important question concerning whether social responsibility influences the decision making of institutional investors in the “sin” industries. This study addresses this issue by investigating whether and how the implementation of various government initiatives concerning environmental, social, and governance (ESG) issues affect the institutional ownership of casino firms in Macao, the world's gaming capital. Employing structural equation modeling, this study further examines whether and how RI makes financial sense in this special industry. The results show that the implementation of all four ESG-improving government initiatives (including an anticorruption campaign, visa restriction, smoking bans, and responsible gambling) leads to a significant increase in the institutional ownership of casino firms in general, demonstrating the presence and mechanism of RI in the “sin” industries. Such RI is then found to be conducive to a lower equity risk of casino firms in general. The results also illustrate that these intuitional investors are not one homogeneous group. The norm-constrained institutions are the prominent responsible investors and can help strengthen the equity risk management of casino companies whereas the natural arbitrageurs do not undertake any significant role in this regard. The results are robust across various estimation techniques, model specifications and alternative measures of firm risk.
Fu, Xiaoqing (Maggie)、Lin, Yongjia、Zhang, Yang | 2020
The changing face of responsible investing (RI) raises an important question concerning whether social responsibility influences the decision making of institutional investors in the “sin” industries. This study addresses this issue by investigating whether and how the implementation of various government initiatives concerning environmental, social, and governance (ESG) issues affect the institutional ownership of casino firms in Macao, the world's gaming capital. Employing structural equation modeling, this study further examines whether and how RI makes financial sense in this special industry. The results show that the implementation of all four ESG-improving government initiatives (including an anticorruption campaign, visa restriction, smoking bans, and responsible gambling) leads to a significant increase in the institutional ownership of casino firms in general, demonstrating the presence and mechanism of RI in the “sin” industries. Such RI is then found to be conducive to a lower equity risk of casino firms in general. The results also illustrate that these intuitional investors are not one homogeneous group. The norm-constrained institutions are the prominent responsible investors and can help strengthen the equity risk management of casino companies whereas the natural arbitrageurs do not undertake any significant role in this regard. The results are robust across various estimation techniques, model specifications and alternative measures of firm risk.
Fu, Xiaoqing (Maggie)、Lin, Yongjia、Zhang, Yang | 2020
The changing face of responsible investing (RI) raises an important question concerning whether social responsibility influences the decision making of institutional investors in the “sin” industries. This study addresses this issue by investigating whether and how the implementation of various government initiatives concerning environmental, social, and governance (ESG) issues affect the institutional ownership of casino firms in Macao, the world's gaming capital. Employing structural equation modeling, this study further examines whether and how RI makes financial sense in this special industry. The results show that the implementation of all four ESG-improving government initiatives (including an anticorruption campaign, visa restriction, smoking bans, and responsible gambling) leads to a significant increase in the institutional ownership of casino firms in general, demonstrating the presence and mechanism of RI in the “sin” industries. Such RI is then found to be conducive to a lower equity risk of casino firms in general. The results also illustrate that these intuitional investors are not one homogeneous group. The norm-constrained institutions are the prominent responsible investors and can help strengthen the equity risk management of casino companies whereas the natural arbitrageurs do not undertake any significant role in this regard. The results are robust across various estimation techniques, model specifications and alternative measures of firm risk.
Luo, Jian Ming、Lam, Chi Fung | 2020
Based on the city integration and the overview of the Greater Bay Area (GBA), this book discusses the impact of city integration on the development of tourism, and the trend of city integration and tourism development. It summarizes the integration of Chinese cities and the GBA in the context of globalization, focusing on the impact of city integration in GBA on tourism development. Taking Macao as the case study, it explores the behavior and attitude of residents in the GBA towards city integration and tourism development and gives advices for improvement.
Luo, Jian Ming、Lam, Chi Fung | 2020
Based on the city integration and the overview of the Greater Bay Area (GBA), this book discusses the impact of city integration on the development of tourism, and the trend of city integration and tourism development. It summarizes the integration of Chinese cities and the GBA in the context of globalization, focusing on the impact of city integration in GBA on tourism development. Taking Macao as the case study, it explores the behavior and attitude of residents in the GBA towards city integration and tourism development and gives advices for improvement.
Luo, Jian Ming、Lam, Chi Fung | 2020
Based on the city integration and the overview of the Greater Bay Area (GBA), this book discusses the impact of city integration on the development of tourism, and the trend of city integration and tourism development. It summarizes the integration of Chinese cities and the GBA in the context of globalization, focusing on the impact of city integration in GBA on tourism development. Taking Macao as the case study, it explores the behavior and attitude of residents in the GBA towards city integration and tourism development and gives advices for improvement.
Lai, Ka Wai Ivan、Wong, Weng Chou Jose | 2020
Purpose – Given the increasing number of travel restrictions, the COVID-19 outbreak has dealt a crippling blow to the hotel industry, and the crisis management practices supporting the industry needs are changing as the pandemic continues. This study aims to compare how the hotel industry has responded to this crisis at the initial stage and the pandemic stage.
Design/methodology/approach – Data were collected from hotel managers in Macau in two occasions, namely, early February and early April 2020. Importance-usage-performance analysis was conducted to classify six categories of practices (pricing, marketing, maintenance, human resources, government assistance and epidemic prevention) into four executable crisis management strategies (priority, maintain, low priority and possible overkill) for each stage. Follow-up in-person interviews were conducted to validate the results of the study.
Findings – In the initial stage, priority strategies should be applied in all epidemic prevention, pricing and maintenance practices and in two governmental assistance and human resources practices. In the pandemic stage, all epidemic prevention practices remain at the priority quadrant, but two pricing practices are downgraded. Hotels tended to force labour into unpaid vacations (furlough) and postpone office and system maintenance. Governmental assistance should be at a low priority.
Originality/value – This study contributes to the knowledge of contingency planning for crisis management across crisis periods. It also demonstrates the processes of importance-usage-performance analysis for researchers to undertake further studies in tourism crisis management. Timely recommendations for governments and hotel industry stakeholders are provided to cope with this crisis.
Lai, Ka Wai Ivan、Wong, Weng Chou Jose | 2020
Purpose – Given the increasing number of travel restrictions, the COVID-19 outbreak has dealt a crippling blow to the hotel industry, and the crisis management practices supporting the industry needs are changing as the pandemic continues. This study aims to compare how the hotel industry has responded to this crisis at the initial stage and the pandemic stage.
Design/methodology/approach – Data were collected from hotel managers in Macau in two occasions, namely, early February and early April 2020. Importance-usage-performance analysis was conducted to classify six categories of practices (pricing, marketing, maintenance, human resources, government assistance and epidemic prevention) into four executable crisis management strategies (priority, maintain, low priority and possible overkill) for each stage. Follow-up in-person interviews were conducted to validate the results of the study.
Findings – In the initial stage, priority strategies should be applied in all epidemic prevention, pricing and maintenance practices and in two governmental assistance and human resources practices. In the pandemic stage, all epidemic prevention practices remain at the priority quadrant, but two pricing practices are downgraded. Hotels tended to force labour into unpaid vacations (furlough) and postpone office and system maintenance. Governmental assistance should be at a low priority.
Originality/value – This study contributes to the knowledge of contingency planning for crisis management across crisis periods. It also demonstrates the processes of importance-usage-performance analysis for researchers to undertake further studies in tourism crisis management. Timely recommendations for governments and hotel industry stakeholders are provided to cope with this crisis.
Lai, Ka Wai Ivan、Wong, Weng Chou Jose | 2020
Purpose – Given the increasing number of travel restrictions, the COVID-19 outbreak has dealt a crippling blow to the hotel industry, and the crisis management practices supporting the industry needs are changing as the pandemic continues. This study aims to compare how the hotel industry has responded to this crisis at the initial stage and the pandemic stage.
Design/methodology/approach – Data were collected from hotel managers in Macau in two occasions, namely, early February and early April 2020. Importance-usage-performance analysis was conducted to classify six categories of practices (pricing, marketing, maintenance, human resources, government assistance and epidemic prevention) into four executable crisis management strategies (priority, maintain, low priority and possible overkill) for each stage. Follow-up in-person interviews were conducted to validate the results of the study.
Findings – In the initial stage, priority strategies should be applied in all epidemic prevention, pricing and maintenance practices and in two governmental assistance and human resources practices. In the pandemic stage, all epidemic prevention practices remain at the priority quadrant, but two pricing practices are downgraded. Hotels tended to force labour into unpaid vacations (furlough) and postpone office and system maintenance. Governmental assistance should be at a low priority.
Originality/value – This study contributes to the knowledge of contingency planning for crisis management across crisis periods. It also demonstrates the processes of importance-usage-performance analysis for researchers to undertake further studies in tourism crisis management. Timely recommendations for governments and hotel industry stakeholders are provided to cope with this crisis.
柳智毅主編 | 2018年
《澳門經濟與各產業發展現狀分析》將從本澳宏觀經濟發展變化的角度出發,將重點關注澳門各行業發展的特點和現狀,結合多方面數據、資料、研究方法,在深入調研分析的基礎上,探討各行業發展所面臨的前景、挑戰與機遇等,並冀望提出有針對性和可操作性的政策建議。同時,希望通過研究成果的發佈,讓社會更準確、全面掌握各行各業的發展現狀,有助社會各界理性對話,要減少社會矛盾,增加社會共識。
是項研究主要分為如下兩大部份:第一篇,澳門經濟發展現狀與前瞻。有關內容主要包括了澳門內部生產總值、經濟政策、主要發展戰略、公共財政狀況、勞動力市場分析等;第二篇,澳門各行業發展現狀分析。其內容主要依據特區政府對澳門產業的分类,分章介紹和論述。
柳智毅主編 | 2018年
《澳門經濟與各產業發展現狀分析》將從本澳宏觀經濟發展變化的角度出發,將重點關注澳門各行業發展的特點和現狀,結合多方面數據、資料、研究方法,在深入調研分析的基礎上,探討各行業發展所面臨的前景、挑戰與機遇等,並冀望提出有針對性和可操作性的政策建議。同時,希望通過研究成果的發佈,讓社會更準確、全面掌握各行各業的發展現狀,有助社會各界理性對話,要減少社會矛盾,增加社會共識。
是項研究主要分為如下兩大部份:第一篇,澳門經濟發展現狀與前瞻。有關內容主要包括了澳門內部生產總值、經濟政策、主要發展戰略、公共財政狀況、勞動力市場分析等;第二篇,澳門各行業發展現狀分析。其內容主要依據特區政府對澳門產業的分类,分章介紹和論述。
柳智毅主編 | 2018年
《澳門經濟與各產業發展現狀分析》將從本澳宏觀經濟發展變化的角度出發,將重點關注澳門各行業發展的特點和現狀,結合多方面數據、資料、研究方法,在深入調研分析的基礎上,探討各行業發展所面臨的前景、挑戰與機遇等,並冀望提出有針對性和可操作性的政策建議。同時,希望通過研究成果的發佈,讓社會更準確、全面掌握各行各業的發展現狀,有助社會各界理性對話,要減少社會矛盾,增加社會共識。
是項研究主要分為如下兩大部份:第一篇,澳門經濟發展現狀與前瞻。有關內容主要包括了澳門內部生產總值、經濟政策、主要發展戰略、公共財政狀況、勞動力市場分析等;第二篇,澳門各行業發展現狀分析。其內容主要依據特區政府對澳門產業的分类,分章介紹和論述。
Wong, Weng Chou Jose、Lai, Ka Wai Ivan | 2018
The goal of this study is to assess the symmetric and asymmetric effects of value co-creation activities performed by exhibitors that affect their satisfaction and dissatisfaction with exhibitions. This study encompasses two types of value co-creation activities: participation and partnership activities. An enhanced impact-asymmetry analysis method is introduced to identify the three-factor structure of satisfaction for participation and partnership value co-creation activities in exhibitions. The results of analyzing 437 exhibitors surveyed at four exhibitions in Macao indicate that ‘engagement’ is a delighter; ‘information sharing’ is a satisfier; ‘information seeking’ and ‘resolving conflict’ are dissatisfiers; and ‘responsibility’, ‘situational awareness’, ‘knowledge transfer’, and ‘commitment’ are hybrids. These findings assist exhibition organizers in formulating co-creation strategies to increase the value of their exhibitions. This study also enriches our knowledge of the theory of value co-creation using the three-factor theory.
Wong, Weng Chou Jose、Lai, Ka Wai Ivan | 2018
The goal of this study is to assess the symmetric and asymmetric effects of value co-creation activities performed by exhibitors that affect their satisfaction and dissatisfaction with exhibitions. This study encompasses two types of value co-creation activities: participation and partnership activities. An enhanced impact-asymmetry analysis method is introduced to identify the three-factor structure of satisfaction for participation and partnership value co-creation activities in exhibitions. The results of analyzing 437 exhibitors surveyed at four exhibitions in Macao indicate that ‘engagement’ is a delighter; ‘information sharing’ is a satisfier; ‘information seeking’ and ‘resolving conflict’ are dissatisfiers; and ‘responsibility’, ‘situational awareness’, ‘knowledge transfer’, and ‘commitment’ are hybrids. These findings assist exhibition organizers in formulating co-creation strategies to increase the value of their exhibitions. This study also enriches our knowledge of the theory of value co-creation using the three-factor theory.
Wong, Weng Chou Jose、Lai, Ka Wai Ivan | 2018
The goal of this study is to assess the symmetric and asymmetric effects of value co-creation activities performed by exhibitors that affect their satisfaction and dissatisfaction with exhibitions. This study encompasses two types of value co-creation activities: participation and partnership activities. An enhanced impact-asymmetry analysis method is introduced to identify the three-factor structure of satisfaction for participation and partnership value co-creation activities in exhibitions. The results of analyzing 437 exhibitors surveyed at four exhibitions in Macao indicate that ‘engagement’ is a delighter; ‘information sharing’ is a satisfier; ‘information seeking’ and ‘resolving conflict’ are dissatisfiers; and ‘responsibility’, ‘situational awareness’, ‘knowledge transfer’, and ‘commitment’ are hybrids. These findings assist exhibition organizers in formulating co-creation strategies to increase the value of their exhibitions. This study also enriches our knowledge of the theory of value co-creation using the three-factor theory.
Zhu, Lichao、Song, Qingbin、Sheng, Ni、Zhou, Xiu | 2019
As an important part of alternative fuel vehicles, electric vehicles are attracting more and more attentions worldwide. This study is designed to identify the key influencing factors of consumers' willingness to buy (WTB) and willingness to pay (WTP) for electric motorcycle (EM) based on questionnaire survey. The results show that the respondents have relatively less understanding of the EM. When purchasing the EM, the respondents often pay more attentions to the EM's actual cost (sale price, charging fee, repair fee, and tax incentives, etc.), while the driving speed and load capacity of EM attract very little attention. The respondents' knowledge of EM as well as their education level and income level will promote the WTB and WTP behaviors significantly. While, their consideration on charging fee and family members present a negative influence on WTB and WTP. Using the contingent valuation method (CVM), it is estimated that the mean WTP value for EM is 1315.54 Macau Pataca (MOP), far lower than the current market price gap of 8000 MOP between EM and ordinary fuel motorcycle. The obtained results will help policy makers to understand consumer's purchase behavior of EM, and can provide some effective supports for EM development in Macau.
Zhu, Lichao、Song, Qingbin、Sheng, Ni、Zhou, Xiu | 2019
As an important part of alternative fuel vehicles, electric vehicles are attracting more and more attentions worldwide. This study is designed to identify the key influencing factors of consumers' willingness to buy (WTB) and willingness to pay (WTP) for electric motorcycle (EM) based on questionnaire survey. The results show that the respondents have relatively less understanding of the EM. When purchasing the EM, the respondents often pay more attentions to the EM's actual cost (sale price, charging fee, repair fee, and tax incentives, etc.), while the driving speed and load capacity of EM attract very little attention. The respondents' knowledge of EM as well as their education level and income level will promote the WTB and WTP behaviors significantly. While, their consideration on charging fee and family members present a negative influence on WTB and WTP. Using the contingent valuation method (CVM), it is estimated that the mean WTP value for EM is 1315.54 Macau Pataca (MOP), far lower than the current market price gap of 8000 MOP between EM and ordinary fuel motorcycle. The obtained results will help policy makers to understand consumer's purchase behavior of EM, and can provide some effective supports for EM development in Macau.
Zhu, Lichao、Song, Qingbin、Sheng, Ni、Zhou, Xiu | 2019
As an important part of alternative fuel vehicles, electric vehicles are attracting more and more attentions worldwide. This study is designed to identify the key influencing factors of consumers' willingness to buy (WTB) and willingness to pay (WTP) for electric motorcycle (EM) based on questionnaire survey. The results show that the respondents have relatively less understanding of the EM. When purchasing the EM, the respondents often pay more attentions to the EM's actual cost (sale price, charging fee, repair fee, and tax incentives, etc.), while the driving speed and load capacity of EM attract very little attention. The respondents' knowledge of EM as well as their education level and income level will promote the WTB and WTP behaviors significantly. While, their consideration on charging fee and family members present a negative influence on WTB and WTP. Using the contingent valuation method (CVM), it is estimated that the mean WTP value for EM is 1315.54 Macau Pataca (MOP), far lower than the current market price gap of 8000 MOP between EM and ordinary fuel motorcycle. The obtained results will help policy makers to understand consumer's purchase behavior of EM, and can provide some effective supports for EM development in Macau.
袁嘉、梁華峰 | 2018年
本文首先提出了一個基於特徵定價模型法(Hedonic Pricing Model)的計算地價指數框架。隨後,基於現有的資料,本文應用該框架計算和比較了2011-2015年粵港澳大灣區廣東城市群土地價格指數和澳門地區的地價指數。在此基礎上,進一步提出若干關於土地市場的政策意見以供思考。
袁嘉、梁華峰 | 2018年
本文首先提出了一個基於特徵定價模型法(Hedonic Pricing Model)的計算地價指數框架。隨後,基於現有的資料,本文應用該框架計算和比較了2011-2015年粵港澳大灣區廣東城市群土地價格指數和澳門地區的地價指數。在此基礎上,進一步提出若干關於土地市場的政策意見以供思考。
袁嘉、梁華峰 | 2018年
本文首先提出了一個基於特徵定價模型法(Hedonic Pricing Model)的計算地價指數框架。隨後,基於現有的資料,本文應用該框架計算和比較了2011-2015年粵港澳大灣區廣東城市群土地價格指數和澳門地區的地價指數。在此基礎上,進一步提出若干關於土地市場的政策意見以供思考。
Li, Jun (Justin)、Bonn, Mark、Kim, Jong-Hyeong | 2020
Yang, X. Fiona、Lau, M. C. Virginia | 2019
Zhang, Xiaoyue Carol、Fong, Hoc Nang Lawrence、Li, ShiNa、Ly, Tuan Phong | 2019