How do entrepreneurial firms establish cross-border relationships? A global value chain perspective

In the past decade, international entrepreneurship has centered largely on the internationalization of small- to medium-sized enterprises through dispersed production networks. Although network relationships are crucial in entrepreneurial internationalization, the dynamics underlying the establishment and coordination of interfirm linkages remain uncertain and unclear. Using a global value chain framework, this article uses a case study to explore how two small enterprises engage in the establishment of a cross-border alliance. Findings suggest that the global value chain approach provides a better understanding of the governance of global relationships. The study also denotes the room for further improvement in this area.     

Services Provision and Temporary Mobility: Freedoms and Regulation in the EU

International posting of workers and mobility of self‐employed service suppliers lie between outright migration and trade in goods: their regulation, for both distributional and market‐correcting purposes, is not as difficult to harmonise as that of labour markets, but personal mobility is more visible and socially intrusive than product market interactions. This paper analyses economic and legal tensions between national regulatory frameworks and international competition in these areas, in both the intra‐EU and global contexts, highlighting how interactions between the external and internal roles of the European Commission may foster efficient integration of markets and policies in this and other fields.     

Identifying factors affecting the status of superhost: evidence from Sardinia and Sicily

Quality & Quantity - Airbnb is currently one of the most developed new forms of hospitality. It is essentially an online platform that connects the owners of apartments or rooms with potential...     

巩固拓展脱贫攻坚成果同乡村振兴有效衔接绩效评价研究

在全面打赢脱贫攻坚战后,如何进一步巩固拓展脱贫攻坚取得的成果、有效衔接乡村振兴,成为学界关注的重要内容。构建巩固拓展脱贫攻坚成果同乡村振兴有效衔接绩效评价体系,是有力推进二者衔接的重要基础。本研究以乡村振兴战略规划目标为依据,结合巩固拓展脱贫攻坚成果相关要求及接续发展时期特点,以产业兴旺、生态宜居、乡风文明、治理有效、生活富裕等5个一级指标,农业生产条件等16个二级指标和耕地保有率等38个三级指标构建评价指标体系,并综合运用层次分析、聚类分析和模糊评价相结合的方法构建评估模型,以期为巩固拓展脱贫攻坚成果与乡村振兴接续发展成效的评价研究提供借鉴。     

Affiliated mutual funds and analyst optimism

This paper extends the literature on analyst optimism. Our analysis of a large sample of recommendations issued from 1995 through 2006 indicates that sell-side analysts are likely to assign frequent and favorable ratings to a stock after the analysts’ affiliated mutual funds invest in that stock. Controlling for a number of variables, including the ties between analysts and investment banks, we find that the greater the portfolio weight of a stock in the fund family, the more optimistic the stock ratings from affiliated analysts become. Since 2002, analysts’ optimism on stocks held by affiliated mutual funds has declined. However, an analyst's decision of upgrading a stock to a “strong buy” rating is still significantly associated with the portfolio weight of that stock in the fund family.