Does corporate diversification reduce value in high technology firms?

We find that firm value is reduced via industrial diversification and this reduction in value depends upon a firm’s technology intensity. We consider that asymmetric information problems are more severe in technology intensive industries and find that high tech industry firms present distinctly larger value reduction when compared to low tech industry firms. The negative valuation effect is greater for firms that have a relatively larger amount of intangible assets and greater R&D capital. We determine that our findings are robust to different estimation methods and alternative excess value measures.     

绿色金融发展与产业结构优化升级研究 —基于江西省的实证

近年来,随着绿色金融体系建设上升为国家战略,我国绿色金融发展取得了不少 令人瞩目的成果。在我国经济发展进入新常态和大力倡导供给侧结构性改革的时代背景下,江 西省作为首批建设绿色金融改革创新试验区,研究江西省绿色金融发展促进产业结构调整升 级对加快生态文明体制改革和建设美丽中国具有重要的现实意义。在分析绿色促进产业结构 调整升级的机制之后,通过构建灰色关联模型对江西省2008~2016年绿色金融与产业结构关联 度进行实证分析。最后,结合江西省绿色金融发展的实际情况,提出了相应的对策建议以促进 江西省产业结构调整升级。     

Collaboration strategy decision-making using the Miles and Snow typology

Engaging in collaboration may be the best way for a firm to enhance its competitive advantages, since this can offer faster access to both resources and capabilities. This study aims to develop a framework for making collaboration partner choice decisions. The authors design a strategic game model of collaboration using Miles and Snow typology. An empirical data set collected from the S&P COMPUSTAT database is adopted to verify the model, and several managerial implications are derived. This model helps a company choose a competitor as a collaborative partner and helps in the selection of a collaboration strategy.     

Promoting Tourism,Projecting Power: The Role of Television Commercials

This paper analyzes television commercials (TVCs) launched by Korea Tourism Organization (KTO) from 1999 to 2012. By repeating shots of traditional and Korean popular (k-pop) culture, high-tech machinery, and sportsmanship, it is fair to say that Korean tourism TVCs both reflected and fueled the fad a target audience has for Korea. Hence the commercials not only promoted tourism, they were also projecting national power in general and cultural power in particular. It is surmised that through power projection the TVCs intend to create a country halo effect so that the country’s products and services may enjoy an aspired added value.     

Sustainability Strategy and Eco‐Innovation: A Moderation Model

This study develops a moderation model to examine the role of a proactive environmental strategy on eco‐innovation. Drawing upon the perspectives of contingency theory, this study argues that the impacts of sustainability strategy on eco‐innovation depend on market demand, innovation intensity and government subsidy. The sample used to test the hypotheses is obtained from the Community Innovation Survey in Taiwan. A total of 2955 manufacturing firms are included in the final sample. A logit moderating regression is adopted to analyze the models. The results reveal that market demand and government subsidy positively moderate the relationship between environmental strategy and eco‐innovation. Specifically, firms are more likely to adopt a proactive environmental strategy to improve eco‐innovation under high levels of market demand and government subsidy. Furthermore, the results indicate that innovation intensity affects the effect of environmental strategy on eco‐innovation, but the direction of the influence varies with different categories of eco‐innovation. Copyright © 2016 John Wiley & Sons, Ltd and ERP Environment     

食品中内源性甲醛的产生机理及控制技术

甲醛属于致癌、致畸物质,添加到食品中会对食用此食品的人造成伤害。本文综述内源性甲醛在各类食品中的来源、形成机理、影响因素及其毒性控制技术。以期在食品安全生产过程中,更好地减少和控制各类食品中内源性甲醛的含量。     

UGC的表现形式对网络营销效果的影响研究——以微博为例

随着Web2.0的兴起,用户创作内容（UGC）的概念应运而生,迅速发展并逐渐成为供应商组织生产、商家营销宣传以及消费者购买产品的利器.本论文梳理了UGC相关研究的分类和趋势,并选择微博作为平台,采用情景实验法,探究UGC的表现形式（文本、图片、音视频）对网络营销效果的影响,在此基础上为企业进行更大范围的社会化媒体营销（如博客、SNS社区等）提供策略性建议与营销思路,有效提升UGC互动的效用,在理论和实际应用上都有着显著意义.     

农村减贫效率及其空间差异研究——基于DEA-ESDA模型的分析

[目的]通过对2011~2015年间全国以及各区域层面的农村减贫效率进行测度,探讨其空间差异及变化特征。[方法]文章采用投入导向的DEA-BCC模型测算农村减贫效率值,并借助探索性数据分析法(ESDA)对农村减贫效率的空间差异和变化展开分析。[结果](1)我国农村减贫综合技术效率相对较低,未能充分挖掘现有资源投入的潜力,纯技术效率整体偏小是造成综合技术效率较低的重要原因;(2)省际农村减贫效率在2011~2015年整体呈现出先减后增的趋势,并表现出西高东低的阶梯形空间布局;(3)农村减贫的综合技术效率存在正自相关性,高高聚集的区域主要集中在西部地区,低低聚集区域呈现由东北向京津都市区移转的趋势;(4)减贫综合技术效率的热点区域主要集中在西北与西南两大区域,且具有较强的稳定性;冷点区域主要分布在江西、安徽及东部沿海地区,较为稳定的冷点区域主要集中在东北及环渤海地区。[结论]我国农村减贫效率存在显著的空间异质性的特征,需要精准地识别出局部性致贫因素,因地制宜地制定出具有区域联动特点的空间扶贫开发策略。     

高大平房仓储粮减损增效探索

高大平房仓储粮第一年秋、冬低温季节利用小功率风机进行下行式机械通风降低基础粮温;储存稳定期在确保储存安全的前提下,进入第2年、第3年秋冬季节则采用自然通风;气温上升季节对仓房实施隔热密闭、仓顶喷淋等一系列控温措施,在低能耗的情况下,可有效控制粮温,且大大减少了因通风产生水分散失而造成的储粮损耗.经过3年的储藏,损耗率低至1.42‰,且稻谷品质达到要求,降低储粮保管费用.