The distinct influence of power distance perception and power distance values on customer satisfaction in response to loyalty programs

In today's fiercely competitive environment, firms are increasingly relying on loyalty programs to influence customers' repeat purchase behavior. However, little is known about how customers' cultural values shape their satisfaction in response to loyalty programs. Such knowledge is important because it allows marketers to identify cultural segments that may be more or less likely to respond favorably to loyalty programs, and hence increase the effectiveness of such programs. In the current research, we propose that power distance perception — defined as the extent to which people observe power disparities in society — positively influences satisfaction of customers who hold loyalty status, but negatively influences satisfaction of customers who do not hold loyalty status with a firm. In contrast, power distance values — defined as the extent to which people endorse power disparities in society — negatively influences satisfaction of customers who hold loyalty status, but positively influences satisfaction of customers who do not hold loyalty status with a firm. A quasi-field study and several lab experiments support these propositions, shed light on the underlying mechanisms, and rule out alternative explanations. Our findings also uncover several distinct tools that marketers could use to influence non-loyalty status and loyalty status customers' satisfaction with businesses.     

河南省传统村落空间分布特征及影响因素研究

[目的]分析河南省传统村落的空间分布特征及其影响因素,以期为中原地区传统村落的建设发展提供指导。[方法]文章通过谷歌地理信息系统及Arc GIS10. 2软件对河南省124个国家级传统村落的空间分布类型、分布格局、分布均衡型及影响因素进行分析,采用最邻近距离法、核密度估计法及地理集中程度等方法揭示其空间分布特征及其形成的影响因素。[结果]最邻近距离法分析R=0. 628,小于1,分布类型为凝聚型。核密度分析中,整体空间分布呈现3个核心区域,平顶山东北区域,豫西北沿省边界呈带状分布及豫南信阳南部,空间分布受地理、经济和文化等因素影响。[结论]河南省传统村落的空间分布属凝聚型不均衡分布。从地级市层面上分析,主要集中在平顶山东部、信阳南部和三门峡地区;从分区层面上,以豫中较多,豫北、豫西和豫南其次,豫东基本空白。形成原因与地理高程、社会经济和历史事件有关。交通不便、经济相对发达或相对落后、历史事件少发的区域,传统村落保存较为完整。     

山高皇帝远:地理距离与上市公司股价崩盘风险的经验证据

鉴于信息不对称程度、制度实施成本和心理文化差异，文章提出"监管距离"假说，认为监管者和被监管者之间距离远近可以影响监管效果。实证分析中国沪深上市公司数据，文章从非对称风险视角出发，研讨了上市公司注册地距所在地中国证监会派出机构的地理距离对公司层面的股价崩盘风险的影响。我们发现，监管机构与上市公司总部的地理距离越远，该上市公司股价的崩盘风险越大。进一步分析发现，如果开通高铁或者上市公司所在地社会信任水平足够高，那么监管距离和崩盘风险的正相关关系是不显著的；如果监管负担严重或政府效率低下，那么监管距离和崩盘风险之间正相关关系更为显著。文章认为，地理距离具有监管信息效应、监管威慑效应和监管执行效应，能够影响股价崩盘风险。也就是说，"山高皇帝远"可以改变上市公司行为，提高金融监管效率不应忽视非正式制度的影响。     

Hedonic pricing and the role of stud fees in the market for thoroughbred yearlings in Australia

Using data from one of Australia's largest thoroughbred auction houses, we investigate the price determinants of thoroughbred yearlings sold at auction. We include novel key variables to construct hedonic pricing models and examine the relative role of stud fees compared to the wide range of attributes in the pricing of yearlings. We find that the price effect of stud fees is influenced by the value buyers place on both the characteristics of sires and the characteristics of sire side siblings. The findings imply that the quality of dams a sire has been matched within the breeding market has consequential effects on yearling prices through the sire's stud fee and progeny.     

沈阳城市周边耕地多功能评价

[目的]为探索城市化影响下城市周边耕地多功能的现状,分析其空间差异,为耕地保护及城市周边耕地发展提供参考。[方法]从耕地的生产、生态、社会和景观4个功能出发构建评价指标体系,利用熵权法确定指标权重,加权求和法计算单一功能和多功能值,并用ArcGIS进行空间分析,对沈阳城市周边50个乡镇(街道)的耕地多功能性进行综合评价。[结果](1)沈阳城市周边耕地的多功能性空间差异较为明显。生产功能远郊平原区最强,远郊山区和近郊区较弱;生态功能总体偏弱,个别乡镇较好;距离城市越远,社会功能越强;景观功能近郊区较强,远郊区较弱。(2)耕地的生态、社会和景观功能主要受距市中心距离的影响,生产功能受地形和距市中心距离的双重影响,而多功能则受地形、距市中心距离及各乡镇(街道)耕地主导功能等的综合影响。(3)沈阳城市周边的大多数耕地以农业生产为主导,景观文化功能整体相对较弱。近郊区耕地生态功能所占比重较大,但社会功能比重较小,远郊区则与之相反。[结论]沈阳城市周边耕地多功能性空间差异较为明显且不均衡,应科学规划城市周边耕地功能,优化空间布局,协调耕地各功能的关系,促进耕地多功能综合发展。     

Computing the Gerber–Shiu function by frame duality projection

Inspired by some works of Kirkby, J. L. [2015. Efficient option pricing by frame duality with the fast Fourier transform. SIAM Journal on Financial Mathematics 6(1), 713–747; 2016. An efficient transform method for Asian option pricing. SIAM Journal on Financial Mathematics 7(1), 845–892], we present a systematic study on effectively computing the Gerber–Shiu function in the Lévy risk model, where the frame duality projection is used for approximation. By introducing an auxiliary function, we provide a smooth extension of the Gerber–Shiu function, which has closed-form Fourier transform and is differentiable over the whole real line under some conditions. The objective function is approximated by its frame duality projection onto a Riesz basis, and the projection coefficients are readily computed by the fast Fourier transform algorithm. Error analysis is made and the effectiveness of our results will be further illustrated in the numerical experiments.     

Does Monetary Policy Respond to Uncertainty? Evidence from Australia

We construct a novel measure of uncertainty using expert monetary policy recommendation data for Australia. Our results suggest that the Reserve Bank of Australia (RBA) tends to lower the cash rate when expert uncertainty is high. This result is robust to using other uncertainty measures.     

科技型小微企业创新生态系统网络治理研究

建立一个完整、高效的创新生态系统是破解科技型小微企业创新困境、提高创新效率，以及助力新旧动能转换的有效途径。基于生态系统理论和演化动力学模型，构建科技型小微企业创新生态系统网络框架和网络联结模式，利用竞争、互利共生和捕食关系演化模型，分析演化模型的均衡点及其稳定条件。结果发现，创新生态位重叠程度决定了竞争激烈程度，系统演化均衡条件是主体间分工程度高，且嵌入适度。最后，从价值主体和机构主体两个方面〖JP〗提出推进科技型小微企业创新生态系统不断进化的治理策略。     

Aid for trade and the quality of exports

This article studies how aid for trade (AfT) affects the quality of recipient countries’ exports. It shows that the quality effect is most discernible for AfT for assistance in trade policy: a 50% increase in the value of AfT received in this category is associated with a 0.5–1% increase in the quality of exports to the donor and other OECD countries. On average, the actual AfT received for assistance in trade policy leads to a 2% upgrade of the recipient country in the quality ladder of all developing countries. Around half of this quality effect is driven by the quality improvement of continued products in continued markets (intensive margin), and the other half by the quality upgrading of new products in continued markets and existing products in new markets (extensive margin).     

平顶山市休闲农业不同区域的发展潜力评价

[目的]对平顶山市休闲农业的空间分布特征及其发展潜力进行分析和评价,以期为平顶山市休闲农业的可持续发展提供参考和借鉴。[方法]文章对平顶山市休闲农业空间布局分区论述,并采用层次分析法构建平顶山市休闲农业发展潜力指标评价体系,确定指标权重,然后根据各指标的游客和当地农民的打分值与权重值加权计算不同区域的发展潜力指数并比较发展潜力大小。[结果]根据区域位置和地理环境以及休闲农业发展速度,将平顶山市休闲农业划分为北部山区休闲农业区、东部城乡休闲农业区、南部现代休闲农业区和西部傍水休闲农业区4个区域,各区域发展特点突出。对各指标权重值与打分值的加权求和计算得到的不同区域发展潜力指数看出,西部傍水休闲农业区的发展潜力最大,其次为北部山区休闲农业区,再者是南部现代休闲农业区,东部城郊休闲农业区的发展潜力最小。[结论]平顶山市休闲农业发展前景广阔,具有可持续发展的巨大潜力。由于地理区位和交通基础设施建设及环境条件和农业基础的差异,平顶山市的休闲农业可分为东西南北4个发展区域,其中西部傍水休闲农业区和北部山区休闲农业区具有较大的发展潜力,平顶山市可将其作为重点发展对象,重点打造水岸和山村休闲农业游,借助发展优势突出区域特色。