Industry risk transmission channels and the spillover effects of specific determinants in China’s stock market: A spatial econometrics approach

This paper uses a spatial econometrics approach to study the industry risks in China’s stock market. We comprehensively consider the real linkage and information risk transmission channels and analyze the risk spillovers of specific determinants. Our empirical results show the following: 1) The real linkage channel and information channel are both effective transmission channels for driving spillover effects, and the information channel is of the utmost importance. 2) The spillover effects of specific determinants exist and are persistent. The superposition of spillover effects may lead to extreme risk. 3) The transmission channels and spillover effects are asymmetric in different regimes.     

Insurance activity,real output,and geopolitical risk: Fresh evidence from BRICS

This paper fills some empirical gaps by evaluating the causal associations among insurance premiums, real output, and geopolitical risk in BRICS (Brazil, Russia, India, China, South Africa) from 1985 to 2017. We utilize a newly-developed Granger-causality quantile analysis to assess the causal relationships among the series under consideration in each distribution quantile. Our empirical results reveal unidirectional causality that runs from real output and geopolitical risk to insurance activities in Brazil and South Africa. We also observe bi-directional lower-tail causality among real output, insurance premiums, and geopolitical risk in Russia. Findings also present bi-directional causality among real output, insurance premiums, and geopolitical risk at different quantiles. Knowledge of these causal relationships can prevent governments from conducting a ‘one-size-fits-all’ policy.     

协调发展战略下地方政府合作的动力机制探析--以深汕特别合作区为例

党的十九大报告首次提出区域协调发展战略,要求各地充分发挥比较优势,加强政府间合作,着力解决区域发展不平衡不充分的问题。深汕合作区正是实施这一战略的典型代表。其中,政府的战略政策导向、经济全球化、区域一体化和非政府组织的发展是合作区得以形成的主要外部动力;区域协调发展、产业结构调整、官员升迁诉求是内部动力。但是,在合作区发展的过程中也存在一定的阻力。如地方保护主义的抬头、利益博弈、市场运作的行政化。因此,为促进地方政府间良性合作,应不断强化合作的正向激励,降低合作的阻力,保证区域府际合作的长久性。     

淮南抗日根据地的互助合作运动研究

为了打破敌伪的经济封锁,减轻地主对农民的剥削,克服小农经济的局限性,淮南抗日根据地开展了互助合作运动。根据地在组织农户参加互助时,总结经验、树立典型,循序渐进,逐步推广,抓住群众需要,解决群众困难,尊重群众意愿,利用适当形式,从而有效组织了互助合作。互助合作运动开展中,也遇到不少问题,如形式主义、强迫命令;违背公平合理原则;经营管理效率不高;农民的观望、落后分子的破坏等。根据地采取了一系列措施,应对这些问题。如在.经济条件相近、关系和睦的农户间开展互助,对落后分子进行说服教育,建章立制,惩戒营私舞弊者;发扬民主、确保公平等。互助合作运动的开展,提高了生产效率,克服了小农经济的弊端,加强了基础设施建设;创造了物质财富,改善了民众生活。淮南抗日根据地互助合作运动对当今的农民专业合作社仍有一定的参考借鉴意义。     

高等职业教育校企合作的现代学徒制人才培养模式

我国的高等职业教育是为社会培养人才重要的场所,应该坚持校企合作和工学结合的教育方针。但是在实际的实施中合作层次比较浅,缺乏一定的管理机制,合作方在各个方面表现得不够积极。因此,我们应该针对这些问题作出一些新的尝试和改变。要吸取校企合作中现代学徒制的成功经验,结合高等职业教育实际情况,找到校企合作的现代学徒制人才培养模式。     

跨国并购执行阶段财务风险研究

改革开放以来,中国经济持续高速增长,国内市场逐步开放,国家对“一带一路”的推进也使越来越多的企业试图通过海外并购的方式扩大其国际市场份额,以此提高企业竞争力。但即便有国家政策的支持,想要完成海外并购依旧是困难重重,因此,系统分析所存在的财务风险并加以控制变成重中之重。论文对跨国并购现状进行概述,随后重点分析在执行阶段所存在的几点财务风险,并提出相应的防范建议。     

Relief aid stocking decisions under bilateral agency cooperation

We aim to quantify the benefits of cooperation between humanitarian relief agencies in terms of stocking decisions. We consider two agencies that stock the same type of relief item at different locations prone to individual disaster risks and agree to transship the shortage amount from available stocks in case of a disaster. We incorporate the disaster risk to the Newsvendor model by conditioning the stock quantity decisions on the event that a major disaster occurs within the lifetime of the stocked relief item. We optimize the stock quantity for each agency in response to the other's quantity and compute a Nash Equilibrium solution numerically. We apply this game theoretic approach to the case of earthquake preparedness in Istanbul to optimize the stocking decisions of an agency for shelter units in cooperation with another agency. We investigate the characteristics of the solutions under various parameter settings and identify cases in which cooperation may be beneficial to one or both of the agencies.     

Collaboration for R&D Projects between the Industry and External Agents: Evidence from Manufacturing Companies in Peru

In this article we use the innovation survey of the manufacturing industry of Peru to identify cooperation behaviors for research and development (R&D) projects among companies and external agents in general. Likewise, we also find cooperation behaviors among the industry and the following external agents: university, technical centers, suppliers, customers, and companies of the same group, competitors, guilds, and consultants. Within the specific agents, the university is considered a cooperation agent for R&D projects. We use the survey of innovation in the manufacturing industry of Peru conducted in 2015, which resulted in 1447 Peruvian companies being surveyed. Evidence was obtained as to the degree of the tie between the industry and external agents for cooperation in R&D projects, giving relevance to variables such as investment, resources, and degree of innovation. Our results show that investment is an important factor for cooperation with external agents. Additionally, companies that have innovated at some point seek to cooperate with external agents. Finally, the importance of the university is demonstrable, thus, companies that invest in R&D seek to cooperate with the university.     

Tourism trails as tools for cross-border integration: A best practice case study of the Vennbahn cycling route

This paper evaluates which processes determine the leverage of cycling tourism trails for mainstreaming cross-border contact and ‘soft’ region-building. Reflecting on the Vennbahn between Germany, Belgium and Luxemburg, the paper shows that the influence of routes on cross-border integration depends on the trail’s strength as a tourism product, its cross-border institutionalization, and the geography and scale of the trail and the involved destinations. Tourism trails could contribute to cross-border integration, vindicating the substantial money spent on such projects in INTERREG programmes. However, border-related barriers remain robust even for tourism projects that are best practices of cross-border cooperation. As such, there is an unfulfilled potential of tourism trails in their contribution to cross-border communication and social cohesion in many European borderlands.     

The “Six Ws” of sustainable development risks

Risk management in an organization represents a decisive function in seizing opportunities and managing the risks that can affect a business's reputation, prosperity, growth, value creation, stakeholder engagement, long-term survival, and a firm's contribution to sustainable development. For this paper, we conduct a systematic literature review of 148 indexed studies and uses the “Six Ws” (what, who, why, where, when, and how) approach to understand the linkages between sustainability and risk management. This study's findings reveal that the management of environmental, social, and governance (ESG) concerns plays a mitigation's function on business risks.