Shortfall aversion

Shortfall aversion reflects the higher utility loss of spending cuts from a reference than the utility gain from similar spending increases. Inspired by Prospect Theory's loss aversion and the peak‐end rule, this paper posits a model of utility from spending scaled by past peak spending. In contrast to traditional models, which call for spending rates proportional to wealth, the optimal policy in this model implies a constant spending rate equal to the historical peak when wealth is relatively large. The spending rate increases when wealth reaches a model‐determined multiple of peak spending. In 1926–2015, shortfall‐averse spending is smooth and typically increasing.     

Host Country National Employees’ Prosocial Behavior toward Expatriates in Foreign Subsidiaries: A Common Ingroup Identity Model Perspective

Social categorization is predominately assumed to have negative effects on the prosocial behavior of host country national (HCN) employees toward expatriates in foreign subsidiaries. Challenging this assumption, I draw on the common ingroup identity model to propose that dual identity – simultaneous identification with membership in a subgroup and in a superordinate group – reduces HCNs’ intergroup biases and facilitates prosocial behavior. More specifically, I hypothesize that HCNs’ organizational identity has a moderating effect on the positive relationship between HCNs’ expatriate outgroup categorization and dual identity, such that this relationship is weaker when organizational identity is low. Furthermore, I hypothesize that dual identity mediates the relationship between expatriate outgroup categorization and two prosocial behaviors: information sharing and affiliative citizenship behavior. Results from the data collected from 1,290 HCN employees in Japan provide support for these hypotheses and the moderated mediation model.     

The micro-foundations of strategic ambidexterity: Chinese cross-border M&As,Mid-View thinking and integration management

Chinese cross-border mergers and acquisitions (M&As) display several unique properties in relation to the ways in which their international business operations are organised and managed. Their seemingly puzzling ‘light-touch’ integration approach can be significantly understood from a strategic ambidexterity perspective: on the one hand, the ‘light-touch’ enables the exploitation of the targets’ existing knowledge bases; on the other hand, elements of the ‘light-touch’ facilitate the exploration of the new knowledge arising from the collaboration between targets and acquirers. However, an important theoretical gap remains: why do Chinese companies deploy such a strategic ambidexterity approach in their post-acquisition integrations? This paper aims to fill this gap by proposing Mid-View thinking as a micro-foundation of strategic ambidexterity in integration management from a cultural and philosophical perspective. To illuminate our conceptualization and argument, we conducted qualitative in-depth interviews with CEOs/high-level managers of acquired German companies. Communication approach and organizational control—as two critical aspects in integration management—reveal how Mid-View thinking can serve as a micro-foundation of strategic ambidexterity. We conclude this paper by presenting its theoretical contributions, managerial implications, and future research directions.     

The financial advice puzzle: The role of consumer heterogeneity in the advisor choice

We investigate motivational drivers of financial advisor use, accounting for investor heterogeneity, with the goal of helping institutions increase the use of financial advisor services. The results from a latent class choice model reveal two distinct segments that differ in their approach to the financial advice decision. While higher levels of risk tolerance, trust, and self-efficacy increase financial advice use for both segments, albeit at much higher propensities for Segment 1, personality only matters for Segment 1. Moreover, their regulatory focus differs with Segment 1 being promotion and Segment 2 being prevention focused. Using these results, we offer suggestions for marketing strategies.     

京津冀城市群能源代谢时空特征及优化调控研究

随着中国经济的快速发展,能源消费也快速增长。随着节能减排的压力越来越大,能源的代谢需要根据需求进行更替。论文就京津冀城市群能源代谢时空特征分析并对能量代谢进行优化和调控提出建议。     

混凝土箱梁质量通病治理和施工质量控制策略

所谓混凝土箱梁质量通病的治理,简单来讲就是工程在施工期间会普遍存在并且反复出现一些施工问题,所以需要采取相关措施解决其中存在的质量通病和具体问题,并且对箱梁进行施工质量控制。为此,论文从多个角度分析了混凝土箱梁的质量通病,提出相应的施工质量控制策略,希望为相关从业者提供参考性的建议。     

财务公司的风险管理与内部控制

财务公司是一类特殊的金融机构,既有风险内生性特点,也易受外部风险传导。在风险管理与内部控制上,要坚持业务发展与内部控制相平衡的原则,一方面要遵循普适性、规律性的银行业规则(巴塞尔协议),另一方面也要充分考虑所属集团的具体实际情况,服务于集团和财务公司战略目标的实现。     

医院会计信息化背景下财务人员的内部培训研究

论文对当前会计信息化前景作用下,医院对其财务工作人员所实施的内部培训予以充分的研究,并对实施此项培训的原因进行了相应的探究,进而提出了针对性的相关措施,以提升医院内部培训的有效性,证明其所具有的合理性以及现实性意义。     

控制技术在钢管自动化生产中的应用

钢管自动化控制系统在钢管生产中的有效应用极大地提升了钢管的生产效率和生产质量,减少了人力资源的投入,降低了钢管的生产成本,对于钢铁行业的发展具有至关重要的作用。论文主要针对控制技术在钢管自动化生产中的实际应用进行探究,指出控制技术在钢管自动化生产中应用的效果和作用,希望为钢铁行业的运行提供一定的参考。     

分布式电动汽车充电桩信息安全防护技术研究与实现

论文对分布式电动汽车充电桩信息安全防护技术进行研究,分析充电桩信息安全防护技术应用,注重提高防护技术应用可行性与安全性。对分布式电动汽车充电桩通行特点进行分析,探究信息安全防护方案。