Drivers of research impact: evidence from the top three finance journals

We study the characteristics of all published papers in the top three finance journals (JF, JFE and RFS), and how these paper characteristics affect the number of citations in Google Scholar and the Web of Science database. First, we find the characteristics in the universalist perspective remain constant while the characteristics in the constructivist and presentation perspectives increase over time. Second, some characteristics are significantly different between the high-impact and the low-impact papers. Third, paper quality, research method, journal placement and paper age are the most important drivers. Last, different drivers play different roles in different journals.     

Smart city networks' governance: The Spanish smart city network case study

The governance of smart city networks emerges as a new research area intersecting smart governance and public networks studies. This work aims to contribute to the literature on smart cities governance by studying councillor's governance in complex networks and on network performance. To carry out this analysis, the Spanish Network of Smart Cities (RECI), one of the first of its kind and an international reference for city networks, is reviewed as a case study, with the main objective of establishing a theory on its global innovation capacity and operations, together with the local level spurring influenced on its members. A PEST (Political, Economic, Social and Technological) analysis was carried out in order to assess the impact of the smart city network both at local, national and international level. This research was completed with a consultation carried out among some of RECI's municipalities. The analysis of the results shows how RECI can be considered an example of a well organised network with quantifiable savings for its members, capable of configuring future policies in local administration, necessarily related to efficiency, digitalization and citizen-centricity and with key topics to build the future. The study also suggests recommendations oriented to potential improvements that smart city networks could undertake.     

Accounting for diverse risk attitudes in measures of risk perceptions: A case study of climate change risk for small-scale citrus farmers in Indonesia

Climate change is likely to generate severe impacts on smallholder farmers in developing countries. As key drivers of adaptation, climate risk perceptions are highly heterogeneous, varying both across people and context, and are complex, being defined as behaviour which varies across both impact and likelihood dimensions in non-linear ways. Yet most studies examining risk perceptions are unable to disentangle the role of perceptions regarding impacts from those regarding the likelihood of climate-related events taking place. This paper presents a decomposition and associated analysis of survey-based ‘risk perception’ measures. The decomposition we apply allows independent accounting for perceptions over frequencies and impacts linking to behavioural patterns of risk attitude. The approach presented here draws on a detailed 2017 survey of 500 farmers in rural Indonesia to generate insights into the relationship between risk perceptions and extension services, accessibility of information, and other factors. Results show that risk perceptions are generated from complex interaction between perceived future frequencies and outcomes of climate events and indicate differential impacts of extension services across these perceptions. This paper also presents empirical support for the use of information and communication technology based extension as an efficient extension tool to reach more farmers than in traditional methods.     

Waste of money or growth opportunity: The causal effect of EU subsidies on Hungarian SMEs

Although EU subsidies aiming at economic development play a pivotal role not only for Hungary but for the entire European Union as well, there is a debate regarding their effectiveness in the literature. This paper investigates the impact of direct economic development subsidies extended in the context of Structural Funds and the Cohesion Fund as part of the 2007–2013 programming period of the European Union on Hungarian micro, small and medium-sized enterprises. Based on a micro database, we evaluate the impact of corporates’ first subsidies on various performance indicators, using a combination of propensity score matching and fixed effects panel regression. According to our results, economic development funds had a significant positive effect on the number of employees, sales revenue, gross value added and, in some cases, operating profit. However, the labour productivity of enterprises was not significantly affected by any of the support schemes. Furthermore, by explicitly comparing non-refundable subsidies (grants) and refundable assistance (financial instruments), we find that there is no significant difference in the effectiveness of the two types of subsidy.     

Information,market power,and price volatility

We consider demand function competition with a finite number of agents and private information. We show that any degree of market power can arise in the unique equilibrium under an information structure that is arbitrarily close to complete information. Regardless of the number of agents and the correlation of payoff shocks, market power may be arbitrarily close to zero (the competitive outcome) or arbitrarily large (so there is no trade). By contrast, price volatility is always lower than the variance of the aggregate shock across all information structures. Alternative trading mechanisms lead to very distinct bounds as a comparison with Cournot competition establishes.     

Public–private partnerships in Social Impact Bonds: facilitating competition or hindering transparency?

ABSTRACT

The use of Social Impact Bonds (SIBs), which introduces the potential for investor profit in public service provision, has been widely discussed. Some argue that SIBs might promote government transparency because outcome data collection and evaluation are part of contractual terms. On the other hand, some argue that SIBs might hinder government transparency because more contractual parties might lead to more uncertain data ownership and because the profit motive transforms information into a competitive advantage. This paper looks at SIBs in five countries, examining how transparency differed between SIB and non-SIB financed programmes at the same social service provider. On the positive side, SIBs led to more and longer collection of outcome data and the publication of evaluations. On the negative side, it was found that SIBs tend to generate significant obstacles to the release of data to academic researchers and that sponsored evaluations do not measure impacts.     

铁路的长期经济影响:基于中国1980年铁路线的研究

铁路与经济发展之间的关系得到了大量的研究，但均集中于短期经济影响，且很少关注铁路在发展中国家从传统农业社会向工业社会转型过程中的作用。文章使用中国1980年的铁路线研究了铁路在中国转型期对县域经济发展的长期影响。研究发现，铁路开通对县域经济发展具有显著的长期促进作用，具体来说，以2000年数据为例，1980年铁路线对以GDP为衡量指标的经济发展的年均促进作用为1.16%。排除了无法观测因素和溢出效应、控制县级异质性、以及使用"三线建设"作为外生冲击的结果均支持上述结论。机制检验发现，铁路促进了县域层面的工业化，同时还显著增加了县域层面的外商投资和出口，进而促进了经济发展。本文的研究不仅提供了铁路的长期经济影响的经验证据，同时也揭示了以铁路为代表的基础设施对经济转型的作用，从而有助于理解中国经济增长奇迹，也为其他发展中国家转型提供了借鉴。     

The state of foresight in food and agriculture: Challenges for impact and participation

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应对疫情冲击的财税政策建议

公共财政的主要职能就是提供满足公共需要的产品与服务,公共卫生是其重要组成部分。面对新冠肺炎疫情,财政需要在支持抓好疫情防控工作的前提下,深入系统分析新冠肺炎疫情对我国经济社会发展造成的影响,进一步发挥财政职能作用,帮助企业渡过难关、恢复生产,努力保持经济社会平稳健康发展。     

《沈阳工程学院学报》（自然版）发展现状分析

从影响因子、总被引频次、作者层次、发稿情况四个方面，对《沈阳工程学院学报》（自然版）与辽宁省内其他同类几家学报进行了比较，发现目前学报存在缺乏高质量稿源、高水平作者等问题。为此，提出提升学报质量的措施：加强特色栏目建设，吸引高水平稿件；开拓作者资源，建立稳定的作者队伍；扩大稿源，加强稿件规划；提高编辑素质，加强编辑队伍建设；坚持严格的审稿程序和审稿机制，提高编校质量。