基于博弈论的褐色土地再利用冲突解析

以褐色土地再利用过程中污染企业、地方政府、开发商和社区居民四类主要利益相关者的"理性"策略选择为依据,运用博弈论经典模型对褐色土地再利用冲突进行解析,剖析各利益相关者之间冲突形成的现实原因,提出解决冲突的对策措施。即建立褐色土地鉴定识别统一标准、制定污染治理责任认定法律法规、形成褐色土地污染信息管理机制、支持褐色土地污染治理技术创新以及创建褐色土地污染治理激励机制。     

基于利益相关者理论的乡村旅游利益均衡研究——以漳州龙佳森林人家为例

作为乡村旅游的一种形式——森林人家,其利益相关者之间的利益平衡与其持续发展密不可分。根据利益相关者理论,森林人家利益相关者包括当地居民、旅游企业、政府及旅游者,分析了三个涉及经营的利益主体的特征。以漳州市龙佳森林人家为案例研究,实地调查其发展概况。案例点的经营模式是企业主导型模式,其经营主体是旅游企业;其经营过程中出现利益分配不平衡、利益激励不健全、环境影响的利益补偿缺失问题。结合各主要利益相关者的利益诉求,提出从利益表达、利益分配、利益补偿、利益激励、利益保障五个方面进行完善,从而实现其经营中的利益均衡。     

社会责任履行对企业价值的影响

经济全球化使得世界各国联系更为紧密,全球环境污染、气候变化、企业信用危机等的挑战,共同推动企业社会责任运动的蓬勃发展。企业作为最重要的社会生产组织,积极履行社会责任是遵循人口、资源与环境可持续发展理念的重要表现,也是企业追求价值增值的实际需要。在对国内外文献评述的基础上,基于利益相关者理论,阐述了企业履行社会责任对企业价值的影响路径,并利用A股上市公司2009-2011年292组数据,检验企业社会责任履行与企业价值的相关关系。研究结论表明企业社会责任与企业价值之间存在显著正相关关系,这为企业自觉履行社会责任提供了一定的理论指导。     

Governance of Knowledge‐Intensive Firms in the Modern Market Economy

We model contracting for joint production between workers and shareholders when investment in knowledge is non‐verifiable and the resulting specific human capital embedded in the workers is non‐tradable. The model explains how the effective cost of human capital services will vary depending on whether the investment in knowledge is financed by the workers or by the shareholders. We apply the results of the modeling to identify which firms are expected to gain and which to lose from posted trends in higher employability and lower empowerment of workers in modern market economies. Finally, we present conditions on the self‐interest of current shareholders to empower workers as a way to stimulate their investment in firm‐specific human capital.     

融资约束下企业社会责任信息披露质量与创新持续性

利用2012-2016年我国中小板企业数据，实证研究了不同类型企业社会责任信息披露质量对创新持续性的影响路径。结果显示，对股东、员工的责任信息披露质量能显著缓解融资约束，从而正向影响企业创新持续性;对供应商、客户、消费者、社会和环境的责任信息披露质量只能部分缓解融资约束，但仍正向促进企业创新持续性;国有性质的中小板企业对社会责任信息披露质量更加敏感。以上结论说明，我国中小板企业应注重履行并披露对不同利益相关者的社会责任信息，这对于企业缓解融资约束、维持创新持续性具有积极作用。     

Determinants of corporate risk disclosure in large Spanish companies: a snapshot

Improvements in risk disclosure have been an important part of the corporate governance reforms. This paper is intended to identify the factors that explain the extent to which a sample of 35 listed Spanish firms disclose risk-related information. This study focuses on the risk disclosures made in the corporate governance reports during the year 2009. Using the content analysis technique an index was developed in order to assess the amount and quality of the risk information disclosed by Spanish companies. Several characteristics were selected and their influence on the level of risk disclosure was tested empirically. Results indicate that sector and risk level are positively related to the extent of corporate risk disclosures. This study adds to the international research on risk disclosure by extending the scope of the current understanding of risk reporting practices and their determinants. The findings could be especially useful for regulators and policy-makers in order to enhance risk disclosure and to improve transparency.     

土地出让金支出结构合理化研究

为矫正土地出让金实际支出中的"重城轻农"倾向，国家相关文件原则性规定了土地出让金的五种支出方向，但并未给出各支出方向的具体比例。基于广州市土地出让金利益相关者对各支出方向相对重要性排序的495份调查问卷，采用相对熵组合赋权方法测算土地出让金各支出方向的具体比例。研究表明，土地出让金用于城市建设、支农、土地开发、征地拆迁补偿、其他支出的合理比例应分别为19.51%、21.35%、18.88%、19.15%、21.11%；其中支农支出比例最高，支农支出与征地拆迁补偿支出比例合计达40.50%，与土地出让金支出"重点向新农村建设倾斜"的政策契合。在土地出让金支出重点向新农村建设倾斜的大前提下，可制定土地出让金各支出方向比例的合理区间给地方政府预留一定的弹性操作空间；建立土地收益基金等措施维护上下届政府间的"代际公平"。要确保土地出让收益用于农民、农业、农村，还可参照目前土地复垦净收益分配方式，硬性规定土地被征收前的土地所有权人与土地使用权人占土地出让净收益的一定比例。     

The social responsibility of international business: From ethics and the environment to CSR and sustainable development

This article examines how the international business (IB) literature has addressed social responsibility issues in the past 50 years, highlighting key developments and implications from a historical perspective. Specific attention is paid to the Journal of World Business (JWB), which has covered the whole period and published relevant articles related to these issues, in comparison to the Journal of International Business Studies (JIBS), the other long-standing IB journal. The article outlines that they illustrate different conceptualizations of IB and social responsibility. The 50-year review shows three subthemes: the (green) environment; ethics, rights and responsibilities; poverty and (sustainable) development. These are discussed consecutively, including main contributions and promising areas to further the field.     

利益相关者视角下的高技术上市公司绩效评价研究

因子分析法是多指标综合评价的一种理想方法。选取高技术上市公司为样本,采用因子分析法对高技术上市公司的业绩进行综合评价,以期为广大的投资者、企业以及利益相关者的投资决策提供参考信息。     

Downsizing and the fragility of corporate reputation: An analysis of the impact of contextual factors

This study extends prior research on the impact of downsizing on corporate reputation by investigating how specific aspects of downsizing measures influence this relationship. Using panel data on the S&P 100 companies for the period 1990–2000, we find that downsizing affects corporate reputation negatively and that the size of the effect depends on the content and the context of the downsizing announcement. More specifically, we find that the motive for downsizing, the time period in which it is announced as well as the extent of previous layoffs significantly influence the reputational penalties that are associated with corporate downsizing. Our results thus elucidate how contextual factors of a downsizing decision can influence the extent of the reputational damage of this measure.