Transylvanian Review of Administrative Sciences

Enterprise Risk, Not Policy: Determinants of Financing Costs in China

2025-08-10T14:21:22+03:00

This study examines the impact of abolishing loan-to-deposit ratio (LDR) restrictions on corporate financing costs in China. Using panel data and a difference-in-differences approach, we find that removing LDR constraints did not significantly reduce financing costs. Instead, firm-specific risk factors, particularly leverage ratios, emerged as the primary determinants. Moreover, firms in cyclical industries faced higher financing costs compared to non-cyclical industries. Our findings highlight the need for targeted policies to address financing challenges, especially for firms in cyclical sectors.

Fintech innovations and sustainable development in Nigeria

2025-08-10T14:21:54+03:00

The research investigated how fintech innovations could aid Nigeria’s sustainable development. The study utilised primary data through survey questionnaire shared to FinTech operators in Nigeria duly registered with the FinTech Association of Nigeria. The research further used the structural equation model to analyzed the sourced data. Results showed that Fintech can contribute to SDG8 by enabling digital payments, remittances, and quick access to finance. Also, fintech can help boost innovation. This study recommended that fintech companies should focus on creating products/services that will directly support job creation as one of their sustainable goals.

COVID-19 Pandemic, Insurance Market Development and Culture Characteristic in China

2025-08-10T14:22:17+03:00

This paper analyzes whether Chinese insurance market’s showing different responses to COVID-19 shocks depending on different domestic culture characteristic by using monthly panel data of 31 provinces from January to August 2020 and employing the panel fixed-effects model. Overall, the results indicate that the COVID-19 pandemic is negatively associated with insurance market consumption in China. In particular, the COVID-19 outbreak leads to worse insurance market development (proxied by insurance market premium income) in those provinces with strong domestic traditional Confucius culture (measured by the number of Confucian academies). Moreover, we find that Confucius culture significantly enhances life insurance’s negative response to COVID-19 whereas relative lower influence in the non-life insurance market due to that life insurance is more sensitive to mortality risk caused by the spread of COVID-19 than non-life insurance. Overall, we provide different insights into the role of culture in insurance market development.

Optimizing Poisson-Lindley Parameter Estimation: LQM and Reliability Analysis Applied to Guinea Pig Survival Data

2025-08-10T14:22:43+03:00

The main objective of this work is to estimate the scale parameter of the Poisson Lindley distribution by means of multiple approaches, such as Poisson Linear Quantile-Moment and Maximum Likelihood. Based on mean square error criteria(MSE), Akaike information criterion (AIC), and Bayesian information criterion (BIC), Linear Quantile-Moment is the most efficient estimator among these techniques. The study focuses on reliability analysis and investigates the probability functions of the distribution to create a theoretical framework for parameter estimation by Using R programming language for in-depth analysis. Through simulation and real data analysis, several estimation techniques are compared and contrasted, demonstrating the superiority of the Linear Quantile Moment approach in terms of accuracy and model fit. The Poisson Lindley Distribution parameter estimation is improved in this work, which has implications for environmental research, finance, and epidemiology. Moreover, variance estimates for the known parameters and the related Kolmogorov–Smirnov (K–S) statistics, along with their corresponding p-values for the Poisson-Lindley Distribution (PLD), are analyzed using actual data on guinea pig survival times under various tubercle bacilli dosages. An observation indicating a strong fit with the optimal estimator with (LQM=4.190217) and the lowest MSE (78.71956) is made in light of the small K–S distance and the significant p-value for the test.

Examining the Impact of Distributive Justice and Goal Clarity on Turnover Intention in the South Korean Government: Do Leadership Styles Matters?

2025-08-10T14:23:08+03:00

Although the relationships between various managerial practices to promote employee work motivation and organizational consequences depend on leadership behaviors, little empirical research has been conducted on how leadership styles condition the impact of distributive justice and goal clarity on employee turnover intentions in public sector organizations. In this regard, we investigate the direct effects of distributive justice and goal clarity on turnover intention by drawing on two motivation theories (i.e., equity theory and goal-setting theory); we also explore the moderating role of transactional and transformational leadership on the relationships based on social exchange theory. Using survey data obtained from Korean central and local governments, we found that distributive justice and goal clarity are negatively associated with employee turnover intention. Furthermore, our findings revealed that transactional leadership alleviates the negative association between distributive justice and turnover intention, whereas transformational leadership enhances the negative relationship between goal clarity and turnover intention. The evidence indicates that public organizations should develop efficient managerial practices, with careful consideration of the compatibility of employee motivation processes and leadership styles, to encourage employees to remain with their organizations for longer periods.

Contemporary Youth's View-Points and Cultural Codes Construction of Folk Taboo Rumors about Animals in Northeast China

2025-08-10T14:23:37+03:00

In Northeast China, where Manchus primarily practice shamanism, various wild animals play a significant role in the lives, literature, and superstitions of the people. They have a concept known as the "Five Immortals," which includes various animals, and this has given rise to numerous folk rumors in traditional Northeastern communities. With the widespread use of mobile networks, contemporary young people in the region have access to a wide range of information sources, transcending geographical and social boundaries. Many previously mysterious folk customs and taboos related to animals have become accessible through online platforms. This study aims to investigate whether the younger generation in Northeast China can still comprehend these taboo rumors concerning animals. It employs extensive questionnaires and calculates the Kappa coefficient to assess the ability of contemporary youth to interpret such rumors. Additionally, the study utilizes Roland Barthes's semiotics and a two-order signification system model to analyze and decode the symbolic meanings within animal taboo rumors, extracting the cultural codes embedded within them. The research delves into the perspectives of Northeastern young people regarding local folk culture, shedding light on the analysis of hidden cultural codes within taboo rumors. This endeavor not only contributes to preserving Northeastern traditional culture and fostering local cultural creativity but also strengthens the sense of identity and belonging among the Northeastern population. Ultimately, the study aims to enhance the utilization and development of intangible cultural assets in the region.

The Threshold Effect of Taiwan’s ETF under Monetary Policy

2025-08-10T14:24:17+03:00

Taiwan’s central bank directly produces tightening or easing effects by controling the rediscount rate, and indirectly affects the Taiwan stock market, and the ETF is a fund that tracks the index on the Taiwan stock market. The three are closely related. Daily data in the period from September 28, 2011 to September 28, 2020 was adopted for this study to investigate, under the monetary policy threshold, if there was dynamic correlation for the influence of Taiwan’s stock market on ETF; meanwhile, the price return rate of weighted index of Taiwan’s stock market was used as independent variable, and dependent variable was ETF price return rate, and rediscount rate was used as conversion variable, then empirical analysis was conducted. The results of the study found that there is a dynamic relationship between the Taiwan stock market and ETF.

Corporate Social Responsibility and Corporate Brand Awareness: An Interface in the Kingdom of Saudi Arabia

2025-08-10T14:24:32+03:00

Corporate social responsibility (CSR) is defined as the continuing commitment by businesses to contribute to economic development while upholding ethical codes and improving the quality of life in the community and society at large. It broke down corporate social responsibility (CSR) into four parts: economic, legal, ethical, and charity. He did this so that CSR could become a real business practice. This study is undertaken on 548 sample customers residing in Saudi Arabia for investigating their viewpoints towards the CSR activities carried out by the companies for examining the relationship between Corporate Social Responsibility and Corporate Brand Awareness. The researchers adopted the Pearson’s Correlation, Simple Regression and Structural Equation Modeling techniques in order to measure the impact of CSR activities on Brand Awareness. The outcomes of the study revealed that there is a positive perception of customers towards CSR activities carried out by the companies and the results of structural equation modelling portray that Corporate Social Responsibility and Corporate Brand Awareness are positively associated. Thus, we can conclude that CSR activities conducted by the companies are the commendable initiatives since in this today’s era of sustainable environment customers are not only worried about the price and quality aspect of the products/services even they are more possessive regarding what the corporate houses are taking the necessary steps for the betterment of the society and the nation at large. The outcome of the study will throw new light on the impact of Corporate Social Responsibility on Corporate Brand Awareness and also facilitate future research endeavors on CSR. As a matter of fact, the CSR activities implemented by the companies offer a better brand recognition, resulting in greater brand awareness among customers and the society at large.