Legally astute managers as a source of value in organizations

The legal and compliance departments in organizations have more influence than ever before. Why then are companies so vulnerable to legal liability? The problem may not be with talented legal professionals, but with the lack of legal knowledge held by MBAs and other business school graduates that make day-to-day decisions in modern organizations. Firms can close this knowledge gap and minimize legal liability by training their managers in legal astuteness—the ability of a manager to address legal issues successfully—by instilling four essential traits: respecting the rule of law, recognizing legal issues, resolving problems proactively, and reporting complex legal issues to experts. Job candidates should also be screened for traits of legal astuteness. A legally astute candidate, especially a graduate of a business school that requires legal education for all its students, can be a cultural ambassador for legal astuteness and a valuable liaison between legal and compliance departments and the candidate’s functional area. A legally ignorant candidate will require significant training and a frank assessment of the legal risk they bring to the organization. Modern firms in today’s legal environment face two choices: hire a legally astute manager now or deal with a compliance headache later.     

全球气候变化背景下低碳旅游研究进展及可视化分析

低碳旅游研究是气候变化背景下旅游研究的前沿问题和关键领域。以Web of Science核心合集、CSSCI及CSCD数据库中关于低碳旅游的文献为基础,利用CiteSpace软件、Alluvial Generator程序、Excel统计功能进行国内外低碳旅游研究的可视化分析。结果表明：国外低碳旅游研究起步时间早,始于系统外部与旅游业相互作用视角,以生态环境和工程技术学科为基础,主要为了解决“碳中和”等现实问题,已形成固定的区域性合作网络;国外研究以定量研究为基本范式,其关键文献全部围绕旅游碳排放的测算,且已经形成了较完善的减碳体系。而国内低碳旅游研究与国外的快速发展时期相吻合,是从旅游业可持续发展角度开展研究,依附于旅游及经管类学科,尚未形成固定的合作网络;国内研究在概念理论的定性研究方面优于国外,但整体研究视角较为单一且未形成完整体系,其关键文献包含基础概念、理论体系、碳排放测算、影响因素分析等诸多方面。     

Unraveling the interplay of review depth,review breadth,and review language style on review usefulness and review adoption

To examine whether long reviews are uniformly more useful to readers, this study utilizes the experimental design approach to investigate the interplay of review depth, review breadth, and review language style on readers’ perceived usefulness and adoption intention of online hotel reviews. Drawing on the results from two experiments, review depth is proven to exert a positive impact on readers’ review usefulness and adoption intention. The moderating role of review breadth is verified, and the positive effect of review depth on review usefulness is attenuated (accentuated) when review breadth is high (low). The moderating role of review language style is also confirmed, and the result shows longer reviews written in literal language are considered more useful to readers than those written in figurative language. Being one of the first studies examining the interplay of review content and review style on review usefulness, this study provides important theoretical and practical contributions.     

A picture is worth a thousand words: The role of a cover photograph on a travel agency’s online identity

Online travel agencies (OTAs) allow lodging businesses to select one cover photograph to represent itself on the OTA site. The cover photograph plays a crucial role for attracting customers’ attention from among alternatives, and lure viewers to view the webpage with detailed information. The present study investigates how the content of a business’ cover photograph on OTAs’ sites influences customers’ behavior when searching for information. The content of a cover photograph may fall within five categories according to attributes: façade, type of place, room amenities, scenery, and property amenities. Only façade and property amenities have positive impacts on customers’ viewing times of the webpages with the detailed information of businesses. In contrast, scenery has a negative influence on customers’ viewing times. The results of the study contribute, theoretically and methodologically, to OTAs’ knowledge base and can assist practitioners’ identification of effective cover photographs.     

我国绿色创新研究的知识图谱可视化分析

低碳经济背景下,绿色创新作为缓解经济增长过程中资源环境约束问题的重要举措,受到学术界广泛关注。以中国知网收录的绿色创新核心文献为样本,综合运用CiteSpace、SATI、Excel等计量可视化工具绘制知识图谱,对国内绿色创新研究领域的文献年代分布、发文作者、科研机构、关键词以及突现词等进行分析。分析结果表明:我国绿色创新研究大致经历了三个阶段,分别是探索期(1994—2009年)、初步发展期(2010—2015年)、繁荣期(2016—2019年);研究热点主要集中在基础理论与相关概念研究、影响因素与激励机制研究、效率测度与评价体系构建研究三个层面;未来的研究趋势则是朝着绿色金融、环境规制、绿色创新效率、绿色全要素生产率等方向发展。通过对现有文献进行梳理、总结,揭示当前研究进展及演变趋势,为后续开展相关研究提供参考。     

跳频信号的归一化多普勒频差最大似然估计

针对双站定位涉及的跳频信号多普勒频差估计问题，提出了归一化的频差最大似然估计算法，利用两个定位站接收到的跳频脉冲串信号，构建一个关于基准跳频频率多普勒频差的似然函数，通过网格搜索得到使似然函数最大的多普勒频差估计，既解决了跳频信号在不同跳频频率上多普勒频差不一致的问题，又充分利用在不同频率的脉冲串信号提高了多普勒频差估计精度。通过仿真对算法的性能进行了评估，结果表明，与基于子空间的算法比较，在脉冲数达到240个时，所提算法执行效率提升30%以上。     

The role of cultural values in green purchasing intention: Empirical evidence from Chinese consumers

Environmental problems, especially in the case of water and air pollution, are the harmful result of the overconsumption of fossil fuels as well as various forms of industrial sewage water discharge. Recently, growing environmentally friendly purchasing behaviour of consumers has become regarded as an effective method for alleviating such environmental problems. Due to concerns regarding the natural environment, consumers have increasingly begun to exhibit favourable attitudes towards environmentally friendly products, and as a result, are more likely to purchase “green” products. However, green purchasing behaviour of consumers varies across different nations and cultures. This study aims to reveal how Chinese cultural values (specifically, the Doctrine of the Mean) influence green purchasing intention of Chinese consumers. As the lifestyles of consumers will be deeply affected by their cultural values, this study examines the mediating effects of the four dimensions of Chinese lifestyle have on consumers. At the same time, environmental knowledge is considered as a moderating variable in order to investigate the relationship between the Doctrine of the Mean and green purchasing intention. The study’s data were collected from Chinese consumers. Empirical results reveal that such Chinese cultural values are positively associated with green purchasing intention, and that three dimensions of consumer lifestyle (namely leadership, cost consciousness and development consciousness), are all found to play mediating roles in the relationship between the Doctrine of the Mean and green purchasing intention in Chinese consumers. The moderating effects of environmental knowledge are exhibited in the influence of leadership as well as development consciousness on green purchasing intention. The study’s findings have theoretical implications for understanding green purchasing intention as well as behaviour of Chinese consumers further. The study’s findings also present practical implications for how to promote green purchasing intention in Chinese consumers better.     

Financial knowledge among Iranian investors

This research is the first to describe financial knowledge in the Islamic Republic of Iran. Data were collected from a convenience sample of investors in the Tehran Stock Exchange. The data were used to examine objective and subjective knowledge as well as overconfidence in one's financial knowledge. The results indicated that compared with other populations, Iranians did not perform well on either basic or advanced financial knowledge questions, especially when the questions dealt with interest rates. This is likely related to the Islamic law ban on usury‐based investing. Regression analysis indicated that demographic charactristics related to basic financial knowledge were income, labour force status and being a student. Demographic characteristics related to advanced financial knowledge were education, labour force status and age. Higher income and education reduced the odds of being overconfident about one's financial knowledge, while being a student and male increased the odds. The article concludes with recommendations about future research as well as building a national financial education strategy.     

Welfare Cost of Fluctuations When Labor Market Search Interacts with Financial Frictions

We study the welfare costs of business cycles in a search and matching model with financial frictions. The model replicates the volatility on labor and financial markets. Business cycle costs are sizable. Indeed, the interactions between labor market and financial frictions magnify the impact of shocks via (i) a credit multiplier effect and (ii) an endogenous wage rigidity inherent to financial frictions. In addition, in a nonlinear framework, large welfare costs of fluctuations are explained by the high average unemployment and the low job finding rates with respect to their deterministic steady‐state values.     

Networked innovation and coalition formation: the effect of group-based social preferences

In this paper, we study the production and dissemination of public knowledge goods, such as technological knowledge, generated by a network of voluntarily cooperating innovators. We develop a private-collective model of public knowledge production in networked innovation systems, where group-based social preferences have an impact on the coalition formation of developers. Our model builds on the large empirical literature on voluntary production of pooled public knowledge goods, including source code in communities of software developers or data provided to open access data repositories. Our analysis shows under which conditions social preferences, such as ‘group belonging’ or ‘peer approval’, influence the stable coalition size, as such rationalising several stylized facts emerging from large-scale surveys of open-source software developers, previously unaccounted for. Furthermore, heterogeneity of social preferences is added to the model to study the formation of stable but mixed coalitions.