Financial analyst coverage for U.S. firms facing foreign competition: Evidence from trade liberalization

This study examines financial analyst coverage for U.S. firms following an increase in foreign product market competition. To capture exogenous shocks to domestic firms' competitive environments, we exploit a quasi‐natural experiment from large import tariff reductions over the 1984 to 2005 period in the manufacturing sector. Using data for the years before and after large tariff reductions, our difference‐in‐differences analysis shows evidence of a significant decrease in analyst coverage for incumbent U.S. firms when they face greater entry threat from foreign competitors. We also find that analysts with less firm‐specific experience and less accurate prior‐period forecasts are more likely to stop following the domestic firm when foreign competition intensifies. Overall, the findings suggest that foreign product market competition from global trade liberalization is an important determinant of financial analysts' coverage decisions.     

Organizational characteristics explaining participation in sustainable business models in the sharing economy: Evidence from the fashion industry using conjoint analysis

Environmental and social challenges require new sustainable business models, like sharing platforms. However, sharing platforms differ widely in their contribution to a more sustainable society. Whereas idealistic sharing platforms have dominant social goals, other sharing platforms are, or became, commercial. We explore the attractiveness of the typical organizational characteristics of idealistic sharing platforms in the fashion industry context, an industry with negative environmental and social impacts. Based on a literature review and exploratory focus groups, we conduct an online survey using conjoint analysis, completed by 1,512 respondents. Our results reveal that potential users prefer clothes sharing platforms to be small, to not partner with large clothing retailers, to have the possibility to participate in decision‐making, but to not require shareholding.     

京沪高铁沧州西站客流特征及服务策略研究

京沪高铁的开通,促进了河北省沧州市与北京、天津、上海等国内一线城市的交流,对加快河北省经济发展具有重要意义。基于京沪高铁沧州西站客流调查数据,文章从旅客的基本情况、出行目的、费用来源、月均收入、出行方向等方面分析了沧州西站的客流结构特征,从旅客的出行次数、结伴人数、出行时间、返程时间和车站的位置、服务等方面分析了沧州西站的旅客出行特征。在此基础上,从开行方案、票制、票价、交通换乘、服务方式等方面提出提升沧州西站服务的策略建议。     

Eye-tracking evidence that happy faces impair verbal message comprehension: the case of health warnings in direct-to-consumer pharmaceutical television commercials

Risk warning or disclosure information in advertising is only effective in correcting consumers’ judgments if enough cognitive capacity is available to process that information. Hence, comprehension of verbal warnings in TV commercials may suffer if accompanied by positive visual elements. This research addresses this concern about cross-modality interference in the context of direct-to-consumer (DTC) pharmaceutical commercials in the United States by experimentally testing whether positive facial expressions reduce consumers’ understanding of the mandated health warning. A content analysis of a sample of DTC commercials reveals that positive facial expressions are more prevalent during the verbal warning act of the commercials than during the other acts. An eye-tracking experiment conducted with specially produced DTC commercials, which vary the valence of characters’ facial expressions during the health warning, provides evidence that happy faces reduce objective comprehension of the warning.     

以龙江观光型乡村游为契机提升特色农产品营销力

近年,国内旅游业的乘数效应日益凸显,乡村旅游业也正逐步成为破解"三农"问题和建设美丽乡村的重要着力点。本文以龙江观光型乡村旅游中特色农产品购买者为分析对象,借助多元统计分析工具对影响游客购买行为的主要因素进行探讨,在深入剖析游客购买行为与影响因素的相关性后,提出了提升黑龙江特色农产品营销力的策略。     

Corporate and Individual Influences on Managers' Social Orientation

This paper reports research on the influence of corporate and individual characteristics on managers' social orientation in Germany. The results indicate that mid-level managers expressed a significantly lower social orientation than low-level managers, and that job activity did not impact social orientation. Female respondents expressed a higher social orientation than male respondents. No impact of the political system origin (former East Germany versus former West Germany) on social orientation was shown. Overall, corporate position had a significantly higher impact on social orientation than did the characteristics of the individuals surveyed.     

地理区位、农户特征与贫困分布——基于西海固720个农户的分析

地理区位、农户特征是决定贫困分布的重要因素。本文以宁夏西海固8个国家扶贫工作重点县72个观察村的720个农户资料为样本数据,按照地理区位和农户特征为标志对贫困指标进行分解研究,以观察贫困人口分布状况,分析贫困机理,从微观上制定具体的扶贫措施。研究发现,地理区位和农户特征决定了农户贫困规模和程度的差异性,这种差异性是确定西海固农村扶贫开发对象和重点的参考依据。     

How management control and job-related characteristics influence the performance of export sales managers

Despite the plethora of studies examining the influence of behavior-based sales management control on salesperson characteristics and performance, limited empirical evidence exists with respect to its relevance and importance in an export sales context. This study expands the existing literature by investigating the influence of behavior-based control and job-related characteristics on the performance of export sales managers. The article offers a conceptual model and an empirical test using data from 210 UK exporters. The findings support the positive influence of behavior-based control on certain export sales managers' characteristics and behavioral performance. The results also indicate that: specific export sales managers' characteristics enhance behavioral performance; behavioral performance is positively related to outcome performance; psychic distance moderates the relationship between behavior-based control and behavioral performance. The article concludes with a discussion of implications for export executives and suggestions for future research in the field.     

网络销售发展初探

网络销售是一种新型的销售方式,具有交易成本低、互动性、时空的突破性、交易的特殊性等特性。我国的网络销售业已取得了一些成绩,但与国际发展水平相比还存在较大的差距。基础和配套设施相对落后、安全性、信用问题、观念问题是制约我国网络销售发展的因素,必须采取多项措施促进我国网络销售的发展。     

试论现代服务业与旅游业新增长态势

在现代服务业加速发展的阶段,旅游业在原有生活性服务核心业态的基础上,受到生产服务业、专业服务业、信息服务业、创意服务业的明显影响,从而引致旅游业内部结构和能级提升,出现了高增值性、高层次性、高功能性、高技术性、高知识性的新特点.现代旅游服务业的新增长态势表现在会展旅游、奖励旅游、商务旅游、节事旅游、咨询旅游的兴起.