金融风险社会化的最后防线及我国的现实选择

金融风险社会化是金融风险从金融系统溢出，蔓延至实体经济、国家财政甚至社会公众的过程，这种风险扩散后患无穷。通过对历次金融危机的梳理，总结金融风险社会化的一般路径，厘清国家财政必须承担起金融风险社会化最后防线的责任，并参考国际经验和我国国情，提出防范金融风险社会化的政策建议。     

Sex,Race, and Job Satisfaction Among Highly Educated Workers

There has been a considerable amount of work focusing on job satisfaction and sex, generally finding that women are more satisfied than men despite having objectively worse job conditions. But there is little evidence on whether job satisfaction differs by race or ethnicity. We use data from the 2010 National Survey of College Graduates to examine the relation between job satisfaction and race and ethnicity among Asian, black, Hispanic/Latino, and white workers. Overall job satisfaction does not differ by sex among college graduates. Relative to white workers of the same sex, Asian and black workers are far less satisfied. The lower satisfaction of Asian and black workers relative to white workers is not explained by immigrant status, job match, or other individual or job characteristics.     

Structural holes and hedge fund return comovement: evidence from network-connected stock hedge funds in China

Using data from a new hedge fund database, we examine the impact of social networks on the return comovement of stock hedge funds in China. We use structural holes in the college alumni networks of managers to measure the managers’ social network positions. We perform an empirical analysis on a sample of 3,012 hedge fund products in China from 2010 to 2017. We find that greater structural holes are associated with higher return comovement. The positive impact of the structural holes on return comovement is not affected by market cycles, a manager's major in college, or his or her abilities.     

大数据驱动下京津冀区域社会信用体系合作治理模式创新研究

信用经济作为市场经济的重要基础,已成为我国社会治理中的关键问题.大力发展京津冀区域社会信用体系建设,是改善京津冀市场经济状况的必然产物.随着大数据时代的到来,传统信用体系显然已无法满足"新基建"技术背景下区域发展的需要,亟须开拓社会信用治理创新模式.本文首先诠释了大数据、社会信用体系及信用治理模式理论内涵及实践应用;其次揭示大数据驱动下京津冀区域社会信用治理面临的问题及其成因;再次对比国内外社会信用治理模式,借鉴相关经验,指出合作治理创新模式是大数据驱动下京津冀区域社会信用体系建设的时代选择;最后,提出京津冀区域社会信用合作治理的具体路径,以改善营商环境,快速推动区域经济可持续发展.     

探讨我国管道区域化运行维护的实现路径

北美管道具有世界上最先进的油气管网体系,区域化运行维护是北美管道的突出特点,也是国内对标学习的方向。我国与国外管道企业区域化运行维护模式存在的差异主要体现在管网整体能力、政府管理与法律法规、企业定位、管道调控运行模式、管道建设质量、社会依托环境等方面的不同。分析当前国内管道企业实行区域化运行维护中出现的问题,从以下7个方面探寻未来我国推进区域化运行维护模式的路径:破除观念束缚,坚定发展信心;加快管网建设,提升抗风险能力;争取上级的理解,获得必要支持;调控集中管理,优化基层工作;优化岗位设置,提升员工素质;改进机关作风,整合信息系统;配套激励措施,稳定员工队伍。     

A Moral Cleansing Process: How and When Does Unethical Pro-organizational Behavior Increase Prohibitive and Promotive Voice

Journal of Business Ethics - In this study, we draw on moral cleansing theory to investigate the consequence of unethical pro-organizational behavior (UPB) from the perspective of the actors....     

员工创造力激发研究评述：多层次多视角机制与精神性动力

员工创造力是组织创新的先决条件和根本源泉，员工创造力激发成为经典的研究主题，并取得了相当丰富的研究成果，然而，国内却鲜见针对员工创造力激发机制进行全方位、多层面和多视角的梳理与总结。对员工创造力的激发机制研究进行系统回顾和深入分析，首先，从员工创造力激发的理论基础出发，总结员工创造力激发的经典理论；其次，按照个体、团队和组织的逻辑顺序对以往散见在各个组织层次的员工创造力激发机制进行多视角梳理和探讨。随着研究的深入，组织内精神性逐渐成为员工创造力激发的新兴动力，为此，从多个视角归纳基于精神性的员工创造力激发机制；最后，展望未来研究方向，以期推动员工创造力激发机制研究走向深入和完善。     

Towards a hybrid model? A systematic review of human resource management research on Chinese state-owned enterprises (1993–2017)

Abstract

Over the past two decades, there has been a proliferation of research on human resource management (HRM) in Chinese state-owned enterprises (SOEs) as a result of the wide-reaching state-sector reform of the late 1980s. This article aims to provide a systematic review of literature on this topic and capture the nature of HRM in Chinese SOEs, both in research and practice. The article draws on 178 studies from 43 English academic journals over a period of 25?years (1993–2017). In analysing this literature and by taking stock of theoretical frameworks, research methods, themes and analysis of academic articles in this area, we have gained a number of insights. The study has found that the research methods used have shifted from qualitative and interpretive methodology toward quantitative and sophisticated modelling. A further insight is that there has been a relatively heavy reliance on institutional theory in the earlier studies reviewed, and since then a switch towards organizational behaviour perspectives. The level of analysis has moved from macro to micro level and thematic foci have become more diverse and complex. We highlight a number of avenues, theoretical and empirical, for future studies in this field.     

科研组织应该控制其衍生企业吗——基于中国上市科研组织衍生企业的研究

创办衍生企业是科研组织实现科技成果转化的重要途径之一。在衍生企业创办之初，科研组织作为“家长”，在衍生企业成长过程中扮演着不可或缺的角色，但随着衍生企业逐渐发展壮大，科研组织作为学术机构参与企业经营管理的弊端也逐步显现。同时，伴随着衍生企业不断成长，对外来资本的需求增加，母体科研组织面临股权被稀释，甚至失去控制权的问题。那么，当衍生企业发展到一定规模，母体科研组织作为衍生企业实际控制人是利大于弊还是弊大于利？以中国境内上市科研组织衍生企业为样本，分析科研组织衍生企业母体控制权对企业绩效的影响，结果发现，科研组织作为衍生企业实际控制人时，企业绩效更优。     

Security regulations,access to capital markets,and firm performance: Evidence from China

This study explores the cost of security regulations in China, where firms are required to meet a certain profitability benchmark before applying for permission to raise more equity via secondary equity offerings (SEOs). Using a difference-in-differences setting, we show that firms affected by the regulation (i.e., firms with high external financing demands (EFD) but profitability lower than the regulatory requirement) significantly underperform their counterparts, while unaffected firms do not. The affected firms’ performance decline increases (decreases) when the requirement of profitability is more (less) restricted. Consistently, the three-day cumulative abnormal return (CAR) of firms with high EFD is significantly negative (positive) when the regulation is tightened (loosened). Our study provides evidence on how the cost of regulation affects companies that have growth opportunities.