Future perspectives on the role of extended producer responsibility within a circular economy: A Delphi study using the case of the Netherlands

Extended producer responsibility (EPR) is a proposed policy approach to promoting the circular economy (CE) within the European Union. This research used a policy Delphi to explore perspectives on improving EPR policies to further contribute to the CE goals of the Netherlands. Both the potential improvement and critical reflections discussed by CE and EPR experts and practitioners from this study contribute to a more detailed understanding of the future governance of CE practices. We present various activities to improve EPR and insights from Delphi participants that emerged from the study. This paper shows that whilst actors agree, in essence, that there is a need for modifying EPR, what the specific changes to the form are and to whom the new responsibilities apply is contested.     

Political interventions in state-owned enterprises: The corporate governance failures of a European airline

This paper is based on the theory of hybrid organizations and we investigate the context, factors, mediators, and outcome of a public scandal involving a Romanian state-owned company in the civil aviation sector. This retrospective case study is part of a research design that alternates between inductive and deductive procedures devised to test relevant hypotheses, integrate several theories, and construct the causal mechanism of the corporate scandal. Four theories have been selected to address multiple aspects of the case: the hybrid organization theory, the agency theory, the fraud triangle theory, and the legitimacy theory. Several hypotheses have been proposed at the confluence of these frameworks, and the data collection process was conducted to ensure the credibility, dependability, and transferability of results. In addition to the themes and categories that have emerged from the thematic analysis, the paper also uses the process-tracing method to propose a causal graph and an event-history map in support of the hypotheses. The paper puts forward a series of recommendations on how to improve the corporate governance of state-owned enterprises, and to prevent potential scandals. The authors suggest that the separation of ownership and control is beneficial for strategy implementation in state-owned enterprises and can alleviate an entity’s financial difficulties.     

Modelling multiperiod patterns in stock-market reactions to events,with an application to serial acquisitions

In event studies, the now standard window of a few days may miss relevant price movements if the market’s reaction to the news announcement tends to be slow or if the initial reaction tends to be partially or wholly undone afterwards. We propose a parsimonious hybrid of splines and Almon lags to detect and classify various patterns of post-event reactions spread over many periods. The scheme can interact with one or more event characteristics (like deal size), and the resulting non-linear model can be estimated via maximum likelihood (ML).In our application, we study the returns pattern that follows takeover announcements by two leading serial acquirers, AB Inbev SA and Heineken. Our method confirms the presence of a drop-and-recovery pattern as reported in Doan and Sercu (2021), but the amplitude of the pattern shows no link with deal size. This last finding is not in line with the view that the pattern reflects a rise in uncertainty that is slowly resolved (Malatesta and Thomson, 1985).     

高质量发展视角下区域创新能力的提升路径 ——以南京市江宁区为例

我国经济已由高速增长阶段转变为高质量发展阶段,实现高质量发展是新时代我国经济发展的根本要求。高质量发展与创新驱动紧密关联,必须多举措协同提升区域创新能力。区域创新能力是指一个地区将知识转化为新产品、新工艺、新服务的能力,代表了创新要素在一定区域内聚集、整合以及推动区域可持续发展的基本能力。为了有效提升区域创新能力,必须强化区域创新的综合保障、构建区域创新综合生态体系、促进创新创业项目孵化与成果转化、强化区域制造业发展相关的创新活动等。以南京市江宁区为例对此进行了分析,该区积极实施战略科技引领计划,不断强化创新工作,通过促进区域创新平台建设、区域创新的服务支撑体系构建、高端创新资源在区域的聚集、区域制造业创新发展及合理布局等,不断增强区域创新能力,有效支撑了区域高质量发展。     

Moving markets? Government bond investors and microeconomic policy changes

Do sovereign bond markets react systematically to microeconomic policy reforms? Some observers suggest that investors are very attentive to supply‐side policies such as those related to labor markets, corporate taxation, and product standards. They argue that, along with macroeconomic outcomes and broad financial market conditions, such reforms affect sovereign bond premiums, for developed as well as emerging economies. In contrast, we predict few systematic effects of supply‐side policy reforms on sovereign bond market outcomes. Our theory draws on a standard three‐equation model of the economy, widely accepted among economic and finance professionals. That model makes few clear predictions regarding the anticipated effects of microeconomic policy changes; as a result, we expect that such reforms will not generate systematic market reactions. Our analyses, based on daily data from 37 countries from 2004 to 2012, indeed reveal little evidence of a systematic bond market reaction to the 47 most significant reforms to corporate taxation and labor market regulation. These results call into question the notion that “bond market vigilantes” play a central role in compelling governments to enact specific microeconomic policy changes.     

Structures,strategizing, and contested territories: A structuration perspective on strategy development in employer branding

This study examines strategy development in employer branding based on structuration theory, focusing on the interplay between employer branding structures and the (inter)actions of employer branding strategists. To analyse this interplay, this paper draws upon a series of strategy meetings in an employer branding project of a multinational construction company. This study adds to the current debate on employer branding by advancing the understanding of the structural embeddedness of strategizing in employer branding. Furthermore, the study proposes that strategy development shifts employer branding engagements into contested territory due to various and contradictory structures strategists need to deal with.     

广西农业生态脆弱性评价及区划研究

［目的］随着经济的快速发展，我国各地区都面临着不同程度的农业生态脆弱性，通过研究特殊地形和气候下的农业生态脆弱性，有助于为农业生态环境的综合治理提供参考。［方法］文章以广西为例，通过构建评价指标体系，采用层次分析法和熵权法确定综合权重，通过构建综合评价模型对广西农业生态脆弱性程度进行评价，利用ArcGIS对生态脆弱性进行分级，以期探究广西农业生态脆弱性的空间分布情况。［结果］权重分析结果表明水蚀面积的权重值最高为0134，年平均降水量的权重值为0113，自然环境指标相对于农业生产和经济指标对农业生态脆弱性的影响更大。区划研究结果表明广西农业生态脆弱性区域大致可分为5个区域，分别是桂西峰丛洼地带、桂东山地丘陵地带、桂中低山丘陵地带、桂东北山地、桂南沿海丘陵地带。［结论］广西农业生态环境整体来看较为脆弱，处于轻度和中度脆弱等级，但生态环境问题仍不容忽视。为了改善农业生态脆弱性，政府应实行区域的联合防治，加大对农业生态环境的监督和治理，积极探寻生态、环保的农业发展方式，调整产业结构，改善农业生态环境的状态，促进广西农业的可持续发展。     

山东省与江苏省对外直接投资差异及影响因素研究

山东、江苏作为中国的经济大省,其对外直接投资已成为推动经济发展的重要因素。基于2008—2017年山东省17地市、江苏省13地市对外直接投资面板数据,利用泰尔指数对两省对外直接投资存在的总体区域间差异进行衡量,并针对对外直接投资差异的相关影响因素进行实证分析。研究结果表明:工业发展水平、人力资源成本、研发水平和金融发展规模对山东省对外直接投资影响显著,经济发展水平、出口贸易和外商直接投资对山东省对外直接投资影响不显著;人力资源成本、出口贸易对江苏省对外直接投资影响显著,研发水平、工业发展水平、经济发展水平、外商直接投资以及金融发展规模影响不显著,分析后提出相关建议。     

How store managers can empower their teams to engage in constructive deviance: Theory development through a multiple case study

In this paper, we explore how leaders enable constructive deviance in teams they manage. We report on a qualitative field study of two hierarchical layers of store management in 17 supermarket store teams. We focus on the emergence of constructive deviance – better ways of creating value by departing from common ways of working – and how store leaders can enable this behavior. Our inductive analysis from the multiple case data suggests that store management can enable constructive deviance by combining empowering leadership behaviors with adequate levels of contingent reward and monitoring behaviors. These findings allow us to develop new hypotheses about the linkages between constructive deviance, psychological empowerment, and leadership. We detail implications for store management and we describe several future research opportunities on the concept of constructive deviance, its enablement through empowering leadership, and the relationship between organizational norms and constructive deviance.     

实体零售业互联网创新演进机理--基于适应性营销能力的多案例研究

互联网创新已成为数字化时代实体零售业业态演进的主要目标。众多实体企业面临着从传统店铺零售转型为互联网零售方式的转型难题。本研究基于适应性营销能力理论,探讨了实体零售业从互联网转型战略到互联网转型项目实施过程,并构建了实体零售业互联网演进能力迁移的理论框架。研究发现:①适应性营销能力是解释实体零售业演进能力迁移的关键,实体零售企业互联网演进过程可以按照"互联网战略导向→适应性营销能力→组织政治策略→绩效"的关系进行表述;②实体零售业转型的主要战略是互联网市场导向和互联网技术导向,战略选择是基于企业自身资源基础和相对优势的分析;③实体零售业组织在互联网创新的角色具有双面性,即鼓励创新又适当妥协。研究结论进一步丰富了零售业演进理论和适应性营销理论的相关研究,对当前互联网环境下企业如何实施互联网战略转型具有实践指导意义。