Workplace Prosocial Activities and Daily Well-Being During COVID-19

Workplace prosocial activities, such as providing unpaid assistance to colleagues, has been linked to better well-being. However, little is known about how these associations unfold in daily life. This study examines how prosocial activities at work are associated with daily well-being during the COVID-19 pandemic. A sample of 22 employees (aged 22-69 years) from a wealth management firm reported their daily activities and well-being on 10 consecutive workdays. On days when individuals provided help to someone they work with, they experienced higher positive affect, and greater enjoyment and interest at work, compared to days when they did not provide help. Individuals who provided more help reported greater meaning at work. Initial findings suggest that workplace prosocial activities have positive implications for daily well-being during the pandemic. Subsequent analyses will examine whether these findings replicate in a separate sample of working adults. Age differences in helping and meaning will be discussed.

Personalized Recommendation for Mobile Internet Wealth Management Based on User Behavior Data Analysis

Economic development has provided good opportunities for the development of securities companies. Similarly, the development of Internet technology has also brought huge opportunities and challenges to the development of securities companies. Aiming at the current wealth management issues in the era of mobile Internet, this article attempts to develop a personalized recommendation approach on the basis of users’ behavioral data analysis. We analyzed and judged the current situation of mobile Internet wealth management using personalized recommendation systems. On the basis of personalized recommendation, we use the user’s interest tags, personalized recommendation technology, and data mining technology to analyze and summarize customer transaction records. This is done through the use of preservation of customer transaction data. By understanding customers’ investment needs, risk preferences, and other information, we can segment customers and provide them with targeted products and services. As a result of the study, a flexible personalized recommendation framework is designed and validated for mobile Internet wealth management services. The effectiveness of the proposed approach is verified through testing of the developed model.

Interaction between wealth management products and bank deposits: evidence from China's shadow banking

PurposeShadow banking has been evolving rapidly in China, with banks actively using wealth management products (WMPs) to evade regulatory restrictions. These products are the largest constituent of China's shadow banking sector. A large number of these products are off-balance-sheet and considered a substitute for bank deposits. China's banking sector, especially the small and medium-sized banks (SMBs), uses these products to avoid regulatory restrictions and sustainability risk in the deposit market.Design/methodology/approachThis study empirically examined how banks in China, specifically SMBs, utilize these products on a short and long-run basis to manage and control their deposit levels. This study utilized a quarterly panel dataset from 2010 to 2019 for the top 30 Chinese banks, by first implementing a Panel ARDL-PMG model. For cross-sectional dependence, this study further executed a cross-sectional augmented autoregressive distributive lag model (CS-ARDL).FindingsUnder regulations avoidance theory, the findings revealed that WMPs and deposits have a stable long-run substitute relationship. Furthermore, the WMP–Deposit substitute relationship was only significant and consistent for SMBs, but not for large four banks. The findings further revealed that the WMP–Deposit substitute relationship existed, even after the removal of the deposit rate limit imposed by the People's Bank of China (PBOC) to control the deposit rates.Research limitations/implicationsThe individual bank-issued WMPs' amount data is not available in any database. Therefore, this study utilized the number of WMPs as a proxy for China's banking sector's exposure to the wealth management business.Practical implicationsThis research helps policymakers to understand the Deposit–WMP relationship from the off-balance-sheet perspective. During the various stages of interest rate liberalization, banks were given more control to establish their deposit and loan interest rates. However, the deposit rates are still way below the WMP returns, making WMPs more competitive. This research suggests that policymakers should formulate a more balanced strategy regarding deposit rates and WMPs returns.Originality/valueThis study contributes to the existing literature on China's shadow banking by concentrating on the WMPs. This research represents one of the few studies that analyze regulatory arbitrage in terms of the WMP–Deposit relationship. Moreover, the implementation of CS-ARDL panel data models and multiple data sources makes this study's findings more reliable and significant.

An Analysis of the Principles of Sustainable Income Based on Kitab al-Kasb

This article aims to analyze the principles of sustainable income according to Islam based on the writings of Imam al-Syaibani in Al-Kasb. He highlighted the principles of responsibility and trust in seeking income, the appreciation of the concept of tawakkal and the priority of earning a living. This study is qualitative, using content analysis methods to extract some of the themes mentioned above. The study found book Al-Kasb is an injection of Islamic economic thought that encourages the practice of sustainable wealth management by al-Shaybani to respond to economic problems involving Muslims. Keywords: Al-Kasb, Al-Shaybani, Sustainable wealth management. eISSN: 2398-4287 © 2021. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI: https://doi.org/10.21834/ebpj.v6iSI6.3034

An Assessment Model for Wealth Management Banks Based on the Fuzzy Evaluation Method

COVID-19 has led people to question numerous aspects of life, including family budgetary arrangements and wealth management. The COVID-19 pandemic has thrown many of us a financial curveball. Managing personal finances is important, particularly during a crisis, such as the COVID-19 pandemic. Although the economic consequences are evident, financially induced stress caused by uncertainty is less visible. Individual wealth increments and firm size measures have brought a commensurate increment in their respective resources. Thus, monitoring these resources and coordinate investment exercises is necessary to preserve resource development. The best method to improve wealth management banks is to consider competitive preferences by designating a set of wealth management bank selections to oversee individuals’ wealth viably. This paper provides a step-by-step assessment guide for wealth management banks using multiple-criteria decision-making to illustrate the appropriateness of the proposed technique. We found that the two primary aspects of wealth management bank evaluations are transaction safety and professional financial knowledge. The proposed approach is relatively straightforward and appropriate for such key decision-making issues.