Corporate sustainability strategies in institutional adversity: Antecedent,outcome, and contingency effects

This study examines (i) how top-level managerial institutional ties drive corporate sustainability strategies of emerging market firms operating under conditions of institutional adversity; (ii) the impact of corporate sustainability strategies on market performance; and (iii) the moderating role of financial resource slack on the relationships between corporate sustainability strategies and market performance. The study builds from institutional development logic and the structure–conduct–performance paradigm. Primary data are collected from 300 firms operating in a major sub-Saharan African market. Findings show that top-level managerial institutional linkages with regulatory national governmental officials, local community leaders, and top managers at other firms drive corporate proactive and responsive sustainability strategies, which in turn influence market performance. In addition, the findings reveal that financial resource slack strengthens the path between corporate proactive sustainability strategies and market performance, but not the path between corporate responsive sustainability strategies and market performance. Theoretical and practical implications are discussed.     

电气工程及其电气自动化的控制系统应用

近年来,随着我国经济的迅速发展,电气工程技术标准不断提升,对于技术的优化提出了更高的要求。电气工程技术在各行各业都得到了有效的应用,该技术的重要性不言而喻。尤其是制造业,其对于电气工程技术的依赖程度较高。所以在电气工程以及电气自动化控制系统的优化中,如何提高运行效率以及让设备稳定运行是当前工程师们所必须考虑的问题。     

健全我国企业环保信用评价法律制度的正当性面向

《环境保护法》等环境法律体系日渐趋同的多元共治理念，渗透并引发环境法律制度体系的结构性转型；国内环境信息公开制度保障公众环境知情权的核心功能不能容纳企业环保信用评价制度的制度功能；信用制度与信息制度错序产生的国内外法治及社会环境迥异等，决定了我国企业环保信用评价制度健全的正当性面向。     

Joint tests of contagion with applications

Joint tests of contagion are derived which are designed to have power where contagion operates simultaneously through coskewness, cokurtosis and covolatility. Finite sample properties of the new tests are evaluated and compared with existing tests of contagion that focus on a single channel. Applying the tests to daily euro zone equity returns from 2005 to 2014 shows that contagion operated mainly through higher order moment channels during the GFC and the European debt crisis, which were not necessarily detected by traditional tests based on correlations. The empirical results have important implications for pricing risk and constructing well diversified portfolios.     

The financialization of the non‐financial corporation. A critique to the financial turn of accumulation hypothesis

One aspect in which non‐financial corporations (NFCs) are said to be financialized is that they have been increasingly engaged in financial accumulation from which they derive a growing proportion of financial income. This is what we call the financial turn of accumulation hypothesis. In this article, we show that the evidence used to sustain it, in the U.S. setting, has to be reconsidered. Our findings show that, contrary to the financial turn of accumulation hypothesis, financial income averages 2.5% of NFCs’ total income since the 1980s, oscillating since the beginnings of the 1990s until 2005 and then declining. In terms of assets, some of the alleged financial assets might actually reflect other activities in which NFCs have been increasingly engaged, such as tax avoidance, internationalization of production, activities refocusing and M&As.     

Collaboration for R&D Projects between the Industry and External Agents: Evidence from Manufacturing Companies in Peru

In this article we use the innovation survey of the manufacturing industry of Peru to identify cooperation behaviors for research and development (R&D) projects among companies and external agents in general. Likewise, we also find cooperation behaviors among the industry and the following external agents: university, technical centers, suppliers, customers, and companies of the same group, competitors, guilds, and consultants. Within the specific agents, the university is considered a cooperation agent for R&D projects. We use the survey of innovation in the manufacturing industry of Peru conducted in 2015, which resulted in 1447 Peruvian companies being surveyed. Evidence was obtained as to the degree of the tie between the industry and external agents for cooperation in R&D projects, giving relevance to variables such as investment, resources, and degree of innovation. Our results show that investment is an important factor for cooperation with external agents. Additionally, companies that have innovated at some point seek to cooperate with external agents. Finally, the importance of the university is demonstrable, thus, companies that invest in R&D seek to cooperate with the university.     

价值共创行为分析框架构建 ——基于赋能理论视角

通过文献调查并结合案例的描述性分析,提出数字技术时代价值网络中不同行为主体之间的赋能内涵、关键维度以及基于赋能跨层次效应的价值共创行为分析框架。将"赋能氛围""主体赋能"分别作为价值网络中赋能的宏观维度和微观维度进行概念化。界定了两个维度的关键组成要素,分别包括信息共享、开放性结构、协同规则以及主体关系、资源整合和影响。构建了赋能的跨层次效应模型,分析了赋能的宏观-微观跨层次效应及其对价值网络生态和主体价值创造的影响。     

面向规划管理的国外国家公园监测体系研究及启示——以美国、加拿大、英国为例

监测对于国家公园的科学保护管理与规划具有重要意义。中国正处于国家公园体制建设初期，有必要深入研究如何建立国家公园监测体系。以近20年来发展迅速的美国、加拿大和英国的国家公园监测体系为研究对象，基于文献调查和比较分析，从监测内容框架与指标、数据管理与转化、组织和保障3个方面梳理在各自资源与管理背景下国家公园监测体系的基本特点，并提取出面向规划管理的国家公园监测体系建设的16个基本要点，为我国提供借鉴和启示。     

基于DEA模型的建筑业环境行为效率评价研究

对建筑企业进行环境行为效率评价是促进我国建筑行业健康可持续发展的重要手段。根据建筑行业特点及我国现有的企业环境信用标准,构建了建筑企业环境行为评价的投入产出指标体系,将改进的数据包络分析方法模型运用到企业环境行为效率评价领域,解决了现有企业评价研究主观性突出的问题,得出建筑企业评价分析方法。在此基础上对某代表性建筑企业2010—2017年环境行为数据进行了评价分析。分析结果表明该企业环境行为总体效率良好,但鉴于出现了奇数年和偶数年的效率波动情况,仍需提高环境行为效率。