居民杠杆率的发展风险、国际比较与治理路径

当前,我国居民杠杆率快速上涨,并呈现出与国际趋势背离、风险不对称、居民储蓄率下降、债务过度扩张等风险特征.从居民杠杆率的发展肇因看,可归于中长期消费贷款领域的货币政策宽松促使房地产贷款过热,以及短期消费贷款领域的金融科技驱动消费金融机构的野蛮生长.通过采用法律金融学理论,重点分析不同法系下居民杠杆率的发展演进,充分借鉴海洋法系(以美国为代表)与大陆法系(以日本为代表)的居民杠杆率高企的风险治理经验,结合我国居民部门的风险境况,提出我国防范居民杠杆率高企的风险治理路径.     

Understanding sustainable development flexibility: An information perspective

Although flexibility has been considered critical in responding to uncertainty in a business environment, few studies have explored firms' flexibility in sustainable development. To understand the nature of firms that can respond better to uncertainty in their sustainable development practices, this study defines sustainable development flexibility and investigates the mechanism underlying its formation. The study proposes a conceptual framework on the interactions of managers' environmental attitude and cognitive style, as well as firms' information integration on sustainable development flexibility. A questionnaire survey was developed to test the corresponding hypotheses, and 241 valid responses were received from middle- and top-level managers in Chinese firms. The results show that (a) the higher the manager's environmental attitude, the higher the firm's information integration and greater sustainable supply chain flexibility, and (b) the more intuitive the manager's cognitive style, the greater the impact of environmental attitude on sustainable development flexibility.     

外商直接投资对中国碳赤字的影响——基于空间溢出效应研究

如何从外商投资(FDI)角度践行"碳达峰"、"碳中和"的"中国承诺",对于构建对外开放新格局、彰显大国责任和担当具有重要意义.文章基于2003年-2017年中国262个地级市的市级面板数据,通过固定效应模型(FE)和杜宾空间模型(SDM)实证检验了外商直接投资(FDI)对中国碳赤字的影响及相应的空间溢出效应.研究发现,首先,FDI可以有效抑制中国的碳排放和促进碳固定,进而有效抑制了中国碳赤字的扩大,有利于当地"碳中和"目标完成.其次,FDI通过产业聚集、技术溢出和结构效应减少其所在城市的碳赤字,并对周边地区"碳中和"目标的实现产生正向溢出.再次,区域异质性检验发现,相对北方城市而言,南方城市的FDI空间溢出效果更加显著.最后,通过机制检验,发现FDI的结构效应和规模聚集效应对周边城市碳赤字有抑制作用.对应的政策建议,应该从落实高质量"引进来"的战略、提升FDI行业碳排放产业政策导向、提升以植被森林覆盖率为手段的碳固定水平三方面入手.     

产学研合作创新绩效影响因素元分析研究

为探寻中国产学研合作创新绩效影响因素，挖掘促进中国产学研深度融合的发力点,运用元分析方法，对中国国内与产学研合作创新绩效影响因素相关文献进行再分析，结果发现：①企业层面的企业规模、企业知识吸收能力、企业研发人员投入与企业研发经费投入，组织间层面的知识协同性、知识转移能力、信息沟通渠道及合作紧密度，政府层面的政策支持与经费支持，区域层面的法律法规完善性与经济发展水平均能够显著提升产学研合作创新绩效；②区位因素、数据类型分别对产学研合作创新绩效与企业规模、政府经费资助关系具有显著调节作用。     

Childhood adversity and the propensity for entrepreneurship: A quasi-experimental study of the Great Chinese Famine

Studies on the determinants of entrepreneurship emphasize that challenged adults tend to become entrepreneurs. However, research has not addressed the childhood origins surrounding the propensity for entrepreneurship. This article links childhood adversity to the propensity of individuals to become migrant entrepreneurs later in life. We test hypotheses derived from this theory in the context of whether, and when, children who survived the Great Chinese Famine of 1959–1961 became migrant entrepreneurs. Results strongly indicate that those who survived greater hardship during the Famine are more likely to become entrepreneurs, especially when they were younger during the famine years. We also find that being younger at the time of migration increased the likelihood of becoming entrepreneurs in their new locale. Overall, this study casts light on why, how and when childhood adversity shapes the propensity for entrepreneurship.     

财政政策与货币政策的动态调控效应*——基于时变参数向量自回归模型的检验

本文廓清了财政政策与货币政策搭配动态调控宏观经济的机理，揭示了两者协调影响经济的“黑箱”机制及其在经济不同阶段的搭配方式；运用中国2004—2019年的经济季度数据，构建TVP SV VAR模型探究两类政策对宏观经济的调控效应。研究发现：财政政策与货币政策共同把控流动性“闸门”实现互动协调；财政政策搭配货币政策具有时变性，在整体上“同向发力”推动经济发展；两类政策对产出的影响并非始终如理论一致，在结构层面仍有优化靶向性操作的余地。     

关系质量对企业知识创造绩效的作用机理：一个被调节的中介模型

基于嵌入性视角，分别引入知识转移、合作模式作为中介变量和调节变量，深入探究关系质量影响企业知识创造绩效的内在机理。利用277份来自全国多地的制造业及高新技术企业调查问卷，采用多元回归方法进行实证研究。结果表明：经济型和社会型关系质量均正向影响企业知识创造绩效；社会型关系质量通过元素知识和架构知识转移正向影响企业知识创造绩效。在契约治理模式下，经济型关系质量更倾向于通过元素知识转移正向影响企业知识创造绩效；在股权治理模式下，社会型关系质量更倾向于通过架构知识转移正向影响企业知识创造绩效。     

When Targets Strike Back: How Negative Workplace Gossip Triggers Political Acts by Employees

Journal of Business Ethics - This study examines why and when negative workplace gossip promotes self-serving behaviors by the employees being targeted. Using conservation of resources (COR)...     

Fiscal Stimulus and Endogenous Firm Entry in a Monopolistic Competition Macroeconomic Model

This paper sets up a monopolistic competition model featuring the returns to production specialization. Some novel results are derived from the analysis. First, the effect of a fiscal stimulus on consumption may be positive or negative, depending crucially upon whether the production function is characterized by increasing or decreasing returns to production specialization. Second, following a fiscal expansion, increasing returns to specialization lead to a positive linkage between real wages and aggregate output, while decreasing returns to specialization result in a negative relationship between real wages and aggregate output. Third, a fiscal expansion may raise social welfare, provided that the degree of increasing returns to production specialization is sufficiently large.     

An Empirical Analysis of Green Experiential Loyalty: A Case Study

The purpose of this study is to elaborate the structural relationships among the experiential quality dimensions, experiential trust, emotional attachment, experiential image, switching experience, experiential satisfaction, and experiential loyalty from the green perspective. The study findings are based on structural equation modeling (SEM) analysis of a convenience sample of 560 customers at one green restaurant in Taipei City, Taiwan. The findings show that investing resources in an increase in the experiential quality dimensions and a decrease in green switching experience is useful to enhance green experiential trust, green emotional attachment, green experiential image, green experiential satisfaction, and green experiential loyalty.