并购情境下基于智力资本整合的技术追赶机理——沈阳机床并购德国希斯案例分析

跨国并购被认为是后发企业获取创新资源实现技术追赶的有效捷径。对被并方资源形式拥有并不等于技术能力提升,有效内化并购资源才能支持后发企业技术能力跃升。但文献对“并购-技术追赶”的资源整合的动态机制缺乏充分理论解释。将沈阳机床并购德国希斯的整合实践作为案例样本,借鉴与组织技术转移和创新关联性较强的“智力资本”概念体系,探索基于并购的“智力资本整合-技术追赶”内在机理。研究发现：(1)基于并购的技术追赶遵循“吸收模仿-集成创造-主导领先”发展路径;(2)“并购追赶”导向下智力资本整合呈现“人力资本整合主导-社会资本整合主导-组织资本整合主导”演进轨迹;(3)智力资本整合效应呈现“逆向吸收效应-多元融合效应-能力重构效应”动态转变。     

国外供应链整合的研究述评与展望

文章在回顾供应链整合相关研究文献的基础上,首先对供应链整合的概念演变进行梳理,然后将供应链整合对企业绩效的影响以及供应链整合的前因研究成果整合为一个包容性更强的“供应链整合的前因——供应链整合——供应链整合的结果”组织间供应链整合概念模型,最后对未来的相关研究进行了展望。     

新企业创业导向与绩效倒U型关系及资源整合能力的中介作用

创业导向对绩效的正向影响已经被诸多学者认可,但也有研究指出,创业导向与绩效的关系是“难以捉摸”的。二者之间关系研究结论的相异性继续驱动着学者们不断从各种不同的情境来分析探究它们之间的关系并企图打开二者之间的“黑箱”。新企业的创业实践表明,资源整合能力对于创业导向与绩效的关系具有重要的影响,但个中机理并未得到有效揭示。基于234份新企业样本,本文利用调节路径分析方法研究了新企业创业导向、资源整合能力与绩效的关系。实证结果表明,新企业创业导向分别与绩效和资源整合能力具有倒U型关系,而且资源整合能力在创业导向与绩效的倒U性关系中具有中介效用。这说明了拥有适度创业导向的新企业将会有较好的绩效,较低或较高的创业导向都不利于绩效的提升,而要确保创业导向对绩效的积极作用,新企业必须完善并提升其资源整合能力。     

心理契约、合作满意度与军民融合技术创新网络稳定性

军民融合技术创新网络是由核心军工企业主导的,具有其特殊性。采用在陕西省的调查问卷数据和结构方程模型,分析心理契约及合作满意度对网络稳定性的影响,结果表明：核心军工企业与网络成员间的心理契约包括交易型、关系型和发展型三个维度;核心军工企业与网络成员间心理契约的履行程度和合作满意度与网络稳定性显著正相关,交易型心理契约的履行程度与合作满意度显著正相关,合作满意度对心理契约与网络稳定性的关系具有完全中介作用。因此,在军民融合技术创新过程中,要关注心理契约对网络稳定性的影响,尤其要提高交易型心理契约的履约质量,提升各方合作满意度,以保障网络的稳定运行及技术创新的实现。     

The emotions of top managers and key persons in cross-border M&As: Evidence from a longitudinal case study

Building on prior research on emotions in M&A, this paper analyses the post-M&A emotions of top managers and key persons from the acquired company by examining what triggers emotions during the post-acquisition integration stage, and what the consequences of those emotions are. This study applies cognitive appraisal and affective event theories with empirical evidence based on a longitudinal, single case study of an Indian–Finnish acquisition. The main findings imply that M&As are very emotional for top managers and key persons. Our findings reveal that they experience a wide range of positive and negative emotions triggered by individual and company-level triggers. Interestingly various triggers can have different and opposite appraisal outcomes in the short and long-term. In addition, top managers and key persons are often restricted in the range of behavioural outcomes caused by emotions.     

文化旅游产业融合对文化消费的影响

党的十九大报告明确提出健全现代文化产业体系,创新生产经营机制,培育新型文化业态,推动文化事业和文化产业发展的新任务,文化产业部门正在着力推动我国文化产业与国民经济各产业的"跨界融合",从而推动文化业态创新和我国文化消费的转型升级。本文基于耦合协调度模型测算我国2005-2015年30个省市文化旅游产业的融合度水平,印证我国文化旅游新业态的成长与进步。动态面板模型的拟合结果显示我国文化旅游产业融合与文化消费之间存在着互为因果的关系,产业融合对文化消费水平的提升作用十分显著;文化旅游产业融合为市场提供了更复合、多元的供给品,满足了消费者日益升级的文化消费需求。因此,切实贯彻十九大报告精神,坚定文化自信,进一步完善政府职能,培育专业化的文化旅游产业人才,强化文化旅游产业投融资机制,依托文化产业融合带动文化消费的转型升级,是我国文化产业进一步发展的重要途径。     

Purchasing Power Parity and Price Fluctuations in China before July 1937

In this paper, we provide an empirical investigation of the purchasing power parity (PPP) hypothesis for China before July 1937. Using the monthly data from 1922 to 1937, we find clear and consistent evidence in favor of the purchasing power parity relationship. This naturally leads to the conclusion that the degree of Chinese market integration with the West was substantial before July 1937. These findings offer an empirical interpretation of the rise and fall of the Chinese price level during the Great Depression. It also has further implications of the impact of the American Silver Purchase Act of 1934 and the assessment of the 1935 currency reform on the Chinese economy.     

改革开放40年城乡一体化发展:历史变迁与逻辑主线

改革开放以来,党领导城乡一体化发展经历了四个阶段,分别为启动农村改革注入发展活力的城乡互动阶段、建立市场经济体制实现快速发展的城乡协调阶段、形成战略思想不断缩小差距的城乡统筹阶段、全面深化改革实现发展一体化的城乡融合阶段。通过对四个阶段历史进程的梳理,将党领导城乡一体化发展的逻辑主线归纳为对城乡发展认识和实践的不断深化,可以概括为递进的三个层次：对马克思恩格斯城乡理论的坚持,满足城乡融合的基本前提;将马克思恩格斯城乡理论与现代社会发展规律相结合,寻求工农城乡关系变迁的总体路线;将马克思恩格斯城乡理论与当代中国实际相结合,探索中国特色社会主义城乡融合模式。     

Who rides the tide of regionalization: Examining the effect of the China-ASEAN Free Trade Area on the exports of Chinese firms

This study draws on the institutional economics and the resource-based view to examine the impact of regional institutional changes on firm exports. Specifically, we utilize the establishment of the China-ASEAN Free Trade Area as our research context. Our difference-in-difference analysis of a four-year panel of 700 Chinese listed firms lends support to our arguments that (1) regional institutional changes aimed at increasing economic incentives for intraregional business exchanges will stimulate firm exports in the regional market and that (2) private firms, more technologically competent firms, and firms with richer regional exporting experience are affected more strongly by this institutional influence.     

EU Membership and FDI: Is There an Endogenous Credibility Effect?

ABSTRACT

The European sovereign debt crisis has increased the uncertainty regarding the benefits and costs of membership in the Economic and Monetary Union. In this article, we decided not to propose a general model but to focus on one of the important components of the European financial integration. In particular, we develop a structural gravity model, influenced by some very recent theoretical and econometric advancements. This new structural gravity approach provides needed theoretical underpinnings as well as strong support for the econometric estimation of gravity models.