This paper, using Hong Kong as a test case, challenges one conventional theory and confirms another one in law and finance study: (i) legal families in relation to stock market development; (ii) transplant effect of foreign laws. Economists, most notably La Porta and colleagues, allege that...

Abstract The construction industry is one of the riskiest industries with a large number of deaths and injuries every year. Large amounts of money are spent annually on workers’ compensation. Thus, it is important to investigate the factors which affect accident compensation in the eyes of...

The authors investigate commonalities and differences in productivity assessment preferences among managers from two different cultural settings, one in the US and the other in China. They also investigate these differences for two knowledge intensity levels to inform how the type of work being...

There are two distinct approaches to risk. Firstly, the ‘objective' approach is numeric, probabilistic and focused on the risk itself; it is concerned with people in general rather than in individual terms. Secondly, the ‘subjective' approach recognizes that risk issues have personal and...

Abstract Understanding how people make decisions from risky choices has attracted increasing attention of researchers in economics, psychology and neuroscience. While economists try to evaluate individual’s risk preference through mathematical modeling, neuroscientists answer the question by...

Abstract Beef food safety events have contributed to considerable market volatility, produced varied consumer reactions, created policy debates, sparked heated trade disputes, and generally contributed to beef industry frustrations. Utilizing data from a total of 4,005 consumers in the United...