Partner‐diversity effects on alliance termination in the early stage of green alliance formation: Empirical evidence from carbon‐emission reduction projects in Latin America

Partner diversity is a key influencer in interorganizational alliances, and several empirical studies have shown that its outcomes are contingent on alliance‐specific factors. We extend this research as well as the growing literature on green alliances, in which partner diversity is uniquely high. Specifically, we examine partner‐diversity effects on alliance termination in the early stage of green alliance formation. We hypothesize that in this context, size disparity increases termination likelihood, whereas organizational variety and cultural separation have the opposite effect. To test our hypotheses, we use a sample of 366 alliance projects located in Latin America and submitted to the Kyoto Protocol's Clean Development Mechanism for evaluation, validation, and registration from 2004 to 2014. Our findings contribute to several research streams and provide practical guidance for successful formation of alliances focused on environmental protection.     

Political budget cycles revisited: Testing the signalling process

A widespread view in the ‘political budget cycles’ literature is that incumbent politicians seek to influence voters’ perceptions of their competence and/or preferences by using the composition of the fiscal budget as a signalling tool. However, little is known about whether voters actually receive and perceive the signal in that way. To empirically assess the relevance of the signalling channel at the municipal level, we conducted a survey among 2000 representative German citizens in 2018. Only a small fraction of voters feel well-informed about the fiscal budget signal and use the information it contains to decide whether to vote for the incumbent politician. Persons paying more attention to the signal sent by local politicians live in smaller municipalities, are more satisfied with their economic situation, are more educated, and do not feel that they are being electorally manipulated. Our analysis raises doubt about the relevance of budget composition as a signalling mechanism for voters at the local level.     

基于综合性实验教学平台优化经济管理实验教学体系的探讨

当前经济管理实验教学建设方面，还存在诸如实验项目综合性创新性不足，缺乏完善的实验教学运行保障机制，实验教学平台综合性不够完善等问题，这就迫切的需要进一步完善与优化实验教学体系，使其在培养复合型、应用型财经人才方面充分发挥作用。     

Bringing back Thrift Week: Neo-liberalism and the rediscovery of thrift

The paper examines and compares the movements for promoting working-class savings in the modern USA and in Great Britain in the 19th century. It explores the use of savings as a technology for managing individuals’ behaviour and motives and the nature of the government objectives which are served by these parallel projects.     

Adapting financial rationality: Is a new paradigm emerging?

We discuss the implications of an alternative to the efficient market hypothesis (EMH) the adaptive market hypothesis (AMH). The AMH advances a theoretical basis for a new financial paradigm which can better model such phenomena as the recent financial crisis. The AMH regards the financial market order as evolving, tentative and defined by creative destruction in which trading strategies are introduced, mutate to survive, or face abandonment. The concept of investor rationality is less helpful than the distinction between investment strategies which are more or less well adapted to the prevailing market environment. We outline how a more systematic and grounded basis for behavioural finance can be developed in line with the latter approach. Based on this we develop testable hypotheses allowing the AMH to be distinguished from the EMH. Finally, we discuss how the AMH can aid our understanding of important issues in finance. A central insight is that in the survival of richest, as opposed to fittest, implied by the AMH there is much room for misallocation of resources as price and value uncouple. In this shifting financial market order the regulatory State features as a further market in which the vote market verifies or disrupts market conditions.     

我国银行理财业务发展趋势研究

对国内商业银行理财业务的发展状况进行了简要概述， 进而对理财业务开展过程中的一些问题进行了分析， 强调指出市场化应该成为银行理财业务转型升级和创新发展的方向， 并提出了实现市场化发展方向的若干具体措施。     

成品油销售综合经营指标三级预警机制探索--中国石油陕西销售公司的经营实践

2018年以来,中国石油陕西销售公司采用"红橙黄"经营指标三级预警机制,把复杂的量价关系、促销经营和费用成本管控,通过指标量化。一是以经营活动分析为基础,围绕业务指标、财务指标及支撑体系,建立了综合经营指标长效预警机制。二是通过大数据平台,形成业务运行数据每日监控,实现对月度指标的跟踪预警。中国石油陕西销售公司以"红橙黄"经营指标三级预警为抓手,将综合指标评价理念贯穿到经营全过程中,为生产经营活动提供了直观的决策依据,实现了提质增效的目标。     

上部覆盖层下伏页岩一类潜在滑坡演化变形机制分析

为研究上部覆盖层下伏页岩这一类型的滑坡失稳变形,需要确定其变形的潜在影响因素,从定量角度上分析这一类型滑坡灾害的变形演化问题。以容县六王镇西流河潜在滑坡为研究对象,借助钻孔勘探、室内试验和地质调绘,详细分析了西流河滑坡的工程地质概况,并推测其可能的变形演化机制,然后利用Geostudio数值软件建立西流河滑坡的渗流模型,模拟其在不同降雨工况下的渗流规律。研究发现:西流河滑坡在持续降雨过程中稳定性系数从1.224逐步降低至1.09,稳定性系数不断下降,滑坡体内由垂直入渗逐步转化沿滑动带稳定渗流;当遭遇极端暴雨情况(50年重现期)时,滑坡体内稳定渗流场显著增厚,饱和滑带土增多,滑坡安全储备达到极限。由此可以得出:上部覆盖层下伏页岩一类滑坡变形演化过程主要分滑坡体上部覆盖层堆积阶段,垂直入渗至页岩富水软化阶段和稳定渗流至潜在滑动带软化蠕变这3个阶段;其中上部覆盖层的高渗透性和下伏页岩的隔水特征是导致页岩风化带软化蠕变和稳定渗流场形成的关键因素。研究结果为上部覆盖层下伏页岩这一类滑坡影响因素的研究提供了一些证据,对研究滑坡演化变形机制具有借鉴意义。     

服务贸易开放与我国居民收入差距——基于不同组成部分的比较研究

我国居民的收入差距尤其是城乡收入差距,自从改革开放以来在不断扩大,与此同时服务贸易开放度也在不断扩大。利用我国1982—2010年的年度数据,通过引入多个控制变量,采用多元回归模型对不同服务贸易组成部分对我国城乡居民收入差距的影响进行实证检验,结果表明旅游服务、其他商业服务贸易具有缩小我国城乡居民收入差距的效应,而交通运输服务具有扩大我国城乡居民收入差距的效应。今后应进一步通过简化审批、减少垄断来扩大服务业的开放,大力发展服务贸易来抵消部分货物贸易对城乡居民收入差距产生的不利影响。     

大型零售商主导购物中心零售业态双边市场运行机理

购物中心零售业态是传统的具有双边市场特征的交易平台。大型零售商通过整体租赁购物中心零售业态进行选址开店的模式,可以看作是双边市场中基于零售商一体化双边市场交易平台的行为。一体化结构下,大型零售商不仅成功实现零售业态的进一步拓展,本身也由单纯从事商品销售的零售商转变为具有双边市场特征的平台企业。作为平台企业,其运作机制遵循双边市场的经营特征,主要表现在倾斜定价机制和平台多产品组合竞争。但其核心竞争力依然来源于自身经营商品的竞争优势。