地方政府债务空间与空间债务——基于地根经济的区位黏性视角

本文从人口流动的区位黏性这一全新视角，将地方政府性债务的李嘉图等价命题纳入新经济地理研究框架进行理论分析。为了进一步揭示理论模型的政策含义，采用空间计量方法验证沿海地区地方政府性债务的局部正相关特征。最优的债务政策取决于经济系统的初始条件，在非对称经济结构已经存在的情况下，单纯建设本地区的基础设施只会降低区域内的交易成本，这对于那些仅着眼于投巨资用于城市“硬件”建设的地方政府来说显然是一叶障目。建议依靠基础设施网络提高区域协同创新能力，培育规模报酬递增的专业化产业集群。     

衡水市农户土地资源转出意愿的影响因素与行政干预

[目的]通过了解河北省衡水市农户土地转出的意愿状况,分析影响农户土地资源转出意愿的关键因素,并制定正确的战略决策,为构建农地适度规模化经营奠定理论基础,促进衡水市农民的现代化发展。[方法]文章结合调研情况,对样本区农户土地使用权流转行为进行了统计描述和分析研究,并运用Logistic模型对农户土地使用权转出意愿的影响因素进行了分析,找到了影响衡水市土地流转的关键性因素。[结果]研究表明,户主年龄、从事职业和文化程度、农户家庭非农收入以及农户家庭兼业人数等与农户土地转出意愿呈显著正相关关系,显著性数值分别为0. 018、0. 000、0. 010、0. 000、0. 028,而农户家庭农用机械数量则与农户土地转出意愿呈显著负相关关系,显著性数值为0. 033。此外农户社会保障程度和农户对政府土地流转的相关政策了解程度等因素也影响着农户土地流转的意愿。[结论]影响农户土地转出意愿的显著性因素包括家庭非农收入、户主年龄和职业;另外,户主的年龄、职业、文化程度、非农收入、家庭兼业人数和农用机械数量均是影响农户土地转出意愿的重要内容。     

Litigation risk: Measurement and impact on M&A transaction terms

The purpose of the paper is to propose an original proprietary proxy of a firm's litigation risk. We extend the scope of litigation risk outside of the conflicts with shareholders and the domain of security litigation. We demonstrate that the source of the risk of litigation can be found in the firm's policies and in its management's operational or strategic decisions, even if a sector conditioning effect exists. Based on a sample of 465 US M&A transactions between 2000 and 2014, we provide evidence that the level of litigation risk, at the acquirer's level, has a positive and significant impact on the takeover premium. We also provide evidence that a significant relationship exists between the acquirer's litigation risk and the means of payment. An extension of the sample to international transactions is used as a robustness check; it confirms the previous results.     

中国土地信息学30年发展研究

研究目的:明确土地信息学核心研究内容和学科地位,系统总结1980—2017年中国土地信息学研究的重要进展,划分土地信息学发展的主要阶段及各个阶段重要成果,指出土地信息学未来研究的方向和重点。研究方法:理论归纳法和文献计量法。研究结果:土地信息学是以权籍为核心、土地信息为对象,研究土地信息获取、分析、处理、存储与表达的理论、方法与技术的一门学科,服务于土地调查、评价、规划、利用、整治和保护等信息共享与决策支持。中国土地信息学发展可划分为起步阶段(1980—1995年)、关键技术应用阶段(1996—2006年)与稳步加速发展阶段(2007—2017年)三个阶段。研究结论:未来土地信息学应树立大权籍观,围绕权籍信息采集、管理、分析、表达、安全、标准等问题,研究快速、高效、精准的多元土地信息获取技术;研究土地信息的标准化、安全组织、数据交换和共享管理机制和技术;开展土地信息数据的深度挖掘分析、综合表达、集成应用技术,以及大数据、云计算、人工智能在土地信息学中的应用技术等。     

‘It’s a Harsh Fact of Life with the RMA’: neo-liberalism and the realities of community sports facility development by the private sector in New Zealand

Despite the importance of facilities as primary sites for delivery of leisure and sport services, there has been a scarcity of academic literature on the provision of community sports facilities and the processes through which they are developed. In particular, this paper provides empirical analysis of leisure facility provision with a focus on practice and experience of policy and planning actors. By employing a case study approach and semi-structured interviews, the study identified a sharp contrast between the discourse of neo-liberalism and the realities of a highly regulated environment for the private sector under a national legislation of New Zealand, namely the Resource Management Act 1991. While both public and private actors recognised benefits of the resource consent process in mitigating the negative environmental impacts and facilitating public input, the findings also revealed its potential impediments to both private and philanthropic developments and their potential resultant benefits to communities and social citizenship due to its costly, restrictive and undifferentiated nature. Consequently, the paper suggests that future research needs to examine empirical evidence of how social citizenship and citizen engagement are enhanced by both public and private sectors through planning and development of community sports facilities and services.     

Political markets? Politics and economics in the emergence of markets for biodiversity offsets

This paper analyses the relationship between politics and performativity of economics in the emergence of markets for biodiversity offsets. While the role of economics in constructing markets has been demonstrated by sociology and social studies of science, it has also become apparent that politics plays an important role in the material outcome of economic experiments. Two case studies of the creation of markets for biodiversity offsets are analysed, in the United States and England. The findings suggest that the creation of both markets is rooted in the language, concepts and models of economics. Politics, on the other hand, functions as a mediator of the material expression of those models. Through this mediation effect, similar economic models are performed differently, resulting in a variety of markets. This suggests that the material outcomes of processes of market creation are not defined at the outset, but can be influenced by political processes.     

The Effects of Search-Related and Purchase-Related Mobile App Additions on Retailers’ Shareholder Wealth: The Roles of Firm Size,Product Category,and Customer Segment

Mobile channel additions have been shown to increase consumer-brand relationships, brand satisfaction towards and overall purchasing from a retailer, but what is less apparent is whether shareholders are fully rewarded for retailers’ mobile channel additions. Results from an event study on 115 announcements relating to mobile app additions of publicly traded U.S. retail firms between 2009 and 2016 indicate that the stock market responds generally positively to mobile app additions, but specifically to the two mobile app addition types. Stock market responses to search-related and purchase-related app additions are moderated by firm size, product category, and target customer age. For announcements of search-related apps, the market responds more positively to product retailers than to service retailers, and to small firms than large ones. For announcements of purchase-related apps, the market responds less positively to firms that target younger customers than firms who do not especially target them.     

Clearinghouse loan certificates as a lender of last resort

Looking across multiple panics of the nineteenth and twentieth centuries, this paper treats borrowing of clearinghouse loan certificates as borrowing from a lender of last resort. We evaluate individual bank use of clearinghouse loan certificates in New York City using bank balance sheet data. Bank capital ratios do not predict positive net borrowing. Lower pre-panic reserve ratios increased the probability of positive net borrowing of loan certificates. Bank borrowing behavior from a lender of last resort remained relatively constant across all three crises considered.     

Information and Knowledge as Antecedents of Consumer Attitudes and Intentions to Buy and Recommend Fair-Trade Products

The authors propose and empirically test a causal model to understand how the availability of fair-trade information and consumer knowledge about this issue affect consumers’ attitudes and intentions toward fair-trade products. The model is built upon the attitude-behavior paradigm and the premises of agency theory. It is tested through structural equation modeling with a sample of 292 Spanish consumers. The findings are that consumers do not have good knowledge about fair trade and that this is significantly determined by the lack of information about this in the market. It is also observed that consumers’ perceptions about the availability of fair-trade information have negative effects on their concern about this issue and that such information as is available is not effective in reducing consumer skepticism. The research represents an extension of previous fair-trade literature because the role of information and communication in improving consumer attitudes and buying intentions has rarely been explored in the case of ethical products.     

Discovering India's three levels of luxury consumption: An exploratory research to find a conceptual framework

Luxury marketing research has moved from functional product attributes to a ‘democratized’ view in emerging economies. This seems to be based on the development of interactive and digital communications. Luxury research studies have historically focused on the brand's and marketer's perspectives. Thus, little attention has been given to the consumer's view of what we consider to be the individual drivers, i.e., the ‘inner and outer self’ and how that impacts luxury consumption. This paper presents a framework of luxury and self, using concepts such as interdependent or outer, independent or inner, and a new concept of ‘digital self’. These appear as three levels of luxury consumption, i.e., conspicuous, individual, and interactive. The interdependent self is influenced by the external motives and leads to conspicuous luxury behavior. Individual self is affected by internal motives and thus influences individual luxury consumption. Digital self affects the networks of motive and relationships and thereby impacts interactive luxury consumption and behavior.