The chosen fortunate in the urbanization process in China? Evidence from a geographic regression discontinuity study

After decades of delayed urbanization, since 1998, China has implemented the “county‐to‐district” policy to promote urbanization and stimulate regional economic development. This policy was designed to expand the urban area of large cities by merging counties (rural areas) with nearby cities (urban areas). Intuitively, these regions are the “chosen fortunate” since they are the privileged beneficiaries of this policy experiment. However, at the time of writing (2018), recent studies have been inconsistent regarding this issue, and several studies have revealed that this policy has impeded regional growth. Therefore, the true effect of this policy must be carefully examined. Using grid‐level nighttime light data and a border‐based regression discontinuity design framework, we find that the average effect of the “county‐to‐district” policy on nighttime light growth is significant and positive, and this result also coincides with the increase of entry and decrease of exit of manufacturing enterprises, and the increase of the county‐level manufacturing employment. However, the policy effect on nighttime light turns to be negative in the long run, implying that short‐term economic growth may outweigh the long‐term economic growth potential. A further investigation of the underlying mechanism indicates that industrial enterprises in the experimental policy area do not perform better in terms of total factor productivity (TFP) and profit margin than their counterparts. Moreover, this policy aggravates the polarization between central and border areas.     

The Rational Development of Logistics in China

Logistics has become more and more popular in recent years in China. There are five reasons that can explain the phenomenon. It is a problem that logistics development neglects the trade or commerce. The trade flow guides the logistics. So the logistics should develop calmly. If not, it might cause the problem of irrational and aimless resources allocation.     

The role of uncertainty in the euro crisis – an application of liquidity preference theory

The world financial crisis triggered a rediscovery of the active role fiscal policy can play as a remedy in such situations. During the euro crisis, escalating funding costs in a number of southern eurozone member states and Ireland have called this strategy into question. One interpretation of the euro crisis concentrated on the public debt trends in those countries. Opposing this view, the main point of this contribution is to elaborate the link between rising interest rates on sovereign bonds in the euro crisis and a major feature of the financial crisis – a subdued degree of investor confidence after the Lehman collapse. Theoretically, this link is developed with reference to Keynes’ liquidity preference theory. The high explanatory power of measures for the degree of confidence in financial markets as well as detrimental effects of fiscal austerity on the evolution of sovereign yield spreads are demonstrated empirically by means of panel regressions and supplementary correlation analyses.     

The effect of rural labor migration on poverty alleviation： a viilage-level study in China

The construction of the new socialist countryside is being carried out in China nowadays. Although lots of successful experience has been gotten, different problems occur in various regions yet. To analyze the relationships among rural labor migration, poverty alleviation and characteristics of migrants is important in considering the effect of rural labor migration on the construction of the new. socialist countryside, Available sampling and typical case study are adopted and 236 questionnaires are collected from four villages in northwest GuangxL China, Daxin, Lixin, Longhe and Yongehang, We analyze the rural labor migration status, characteristics of migrants, remittance situation and income, household income and the ratio of remittance income to total household income. About 2/3 of the households have migrants in surveyed villages. And nearly half of the migration households have only one family member as migrants in the four villages. The migrants mainly comprise male and the younger, with the education level of junior middle school and higher More than half of the migrants are employed in Guangdong Province. But the characteristics of migrants in Yongchang are more diverse. The rural labor migration in the village is extremely active and extensive. And over 60% of the household with family members as migrants have remittance income. The rate in Yongchang is extremely high （80%）, And the income of households with migrants getting remittance income is significantly higher than their counterparts. More than half of their income comes from remittance as far as the former kind of household is concerned And in Yongchang, the rate is nearly 80%. The conclusion is that rural labor migration is popular and extensive in lots of villages. And the migration and remittance play an important role in rural household income, especially in some poor villages. For this kind of village, the rural labor migration may be some ＂compulsory course＂ in rural development. And the rural labor emigration is an essential way in     

The improvement trajectory of PCR DNA replication and ERP software as general purpose technologies: an exploratory study of ‘anchor technologies’

As an effort to peek into the black box of large-scale general purpose technologies (GPTs) like biotechnology and information technology, we develop the concept of ‘anchor technologies’. An anchor technology is a core technology of a large-scale GPT (‘mega-GPT’) that opens a new era in the development and diffusion of the mega-GPT. We trace the historical evolution of two process-based, yet otherwise very different, anchor technologies: enterprise resource planning (ERP) software within the mega-GPT of information technology and polymerase chain reaction (PCR) DNA replication within the mega-GPT of biotechnology. The case studies reveal the utility of ‘productisation’ as an important means of commercialising innovations in anchor technologies; more generally, the interplay between improvement in process-based technologies and in complementary product-based technologies provides insight into how ERP and PCR were able to sustain a path of continued improvement within their respective mega-GPT.     

The Determinants of Capital Structure： an Empirical Study of Publicly Listed Medicine Manufacturing Companies in China

This paper attempts to analyze the important determinants of capital structure in the medicine manufacturing industry of China. Two measures including the ratio of long-term debt to asset and the ratio of total debt to asset are used as the proxies of leverage, while dependent variables used are asset structure, growth, firm size, profitability and risk. The evidences presented here indicate that asset structure and size significantly influence the capital structure choice.     

Dynamics of industry architecture and firms’ knowledge and capability development: an empirical study of industry transformation

There is a lack of empirical evidence supporting existing conceptualisations and particularly clarifying the underlying mechanisms involved in the role of dominant firms in industry transformation. This research undertook an in-depth single case study of how a firm managed its knowledge and capability development processes to shape the industry architecture to its benefit. We investigated how a dominant firm manipulates the interdependencies with local suppliers and positions itself at higher levels of the industry architecture hierarchy. Findings suggest that such processes take place over the course of several product innovation projects and across different levels of the product architecture. Such findings contribute to helping firms to manage their knowledge and capability development processes and transform the industry architecture to their advantage.     

The simultaneity in human capital estimations： The case of China

Existing papers on human capital and growth in China has been using single equation estimations. This might cause a simultaneity bias if a two-way causality between the two variables exists. In this paper, the author performs vector autoregressive estimations using panel data on the number of graduates at each level of education as a proxy for human capital in China during 1991-2005. The results show that investment in human capital increases output per worker at all three levels of education. Regarding the effects of output per worker on the accumulation of human capital, the author finds mixed results with the primary-school graduates＇ benefits the most from increases in per capita output.     

The role and contribution of networks in M&A of innovative ventures: can lessons learned from networks of Israeli start-ups be applied by China?

Networks’ impact on business outcome is documented in various theories. We examined the role of specific actors in the networks of successful Israeli technology ventures and identified the actor's contribution during early, advanced, and merger and acquisition (M&A) stages. A mixed qualitative–quantitative method was applied to collect insight and data from 185 founder-entrepreneurs who exited via M&A. A name generator-interpreter technique was used to obtain details on the role and contribution of 768 actors. Our findings pointed to the influential role of actors such as Venture Capitalists , angels, board members, and multinational firms, as well as the vital contribution of foreign actors, during M&A transactions. We further draw implications to illustrate that, if applied, lessons learned from sell-side acquired ventures can benefit Chinese companies in their quest to acquire innovation via M&A. We suggest that the understanding of networks practiced by acquired ventures can increase buyers’ accessibility and visibility to target opportunities and improve M&A outcomes.     

The Status Quo Analysis of New Ventures in China

New venture has developed as an important topic in entrepreneurship research. In this paper we analyze the status quo of new Ventures in China from four aspects： capital demand scale of new ventures, the characteristics and motivation of entrepreneurs, the attitude of new ventures toward the intervention of venture capital firms and the external environmental factors of hindering new ventures. The data in this research come from 104 ventures in four cities （Peking, Shanghai, Changchun and Shenyang） in China. The empirical analysis indicates that there are many problems in the development of the new ventures in China.     

The Study on Optimization of Energy Structure in China

In the paper, the author analyzes the dependence of economic growth upon energy with the method of GRA （gray related analysis）. Through studying statistical figures, the author finds out the problems in energy structure. Finally, putting forward some advice to optimize energy structure.     

Customers’ migration paths decided by relative advantage: longitudinal and comparative case study of successive generations of logic semiconductor technology

ABSTRACT

Understanding customers and their behaviour has become important for success in a market. When successive generations of technology are available in a market, customers will decide their migration paths based on certain factors. This study focused on the relative advantage of successive generations positioned at different levels. Based on a longitudinal and comparative research design, the migration paths of customers are identified by understanding how their behaviours are affected by this relative advantage. The preferred relative advantage is positioned differently at early and majority markets. According to observations of the actual migration paths of 14 semiconductor customers, early and majority market players exhibit different migration paths (switching, new entrance, leapfrogging, or diffusion paths) depending on the relative advantage of the migrating generation. This study has theoretical implications by understanding the mechanism of customers’ migration based on the relative advantage, as well as practical implications for suppliers and customers to sustain their competitive advantage in a market.     

The value of commuting time in an empirical on-the-job search model – an application based on moments from two samples

This article estimates the Value of Commuting Time (VOCT) among Swedish males in an empirical on-the-job search model. It uses a large sample of employee-establishment linked data obtained from administrative registers. The sample lacks information on mode choice for the journey to work. We therefore estimate a mode choice model on another sample and use this model to link the administrative data to the relevant set of travel times, costs and distances. The VOCT is found to be 1.8 times the net hourly wage rate in the sample. The relatively high estimate results from a high VOCT among cohabiting men.     

The Status Quo of Reverse Logistics in China and Countermeasures

With the market competition becoming more and more fierce, awareness in the art and science of logistics is continuing to increase, and the field of Reverse Logistics is experiencing great interest. The purpose of this paper is to describe what Reverse Logistics is, what is it benefits, the status quo of Reverse Logistics in china and its difficulties, and give some suggestions and countermeasures on how to manage Reverse Logistics successfully under China＇s current situation.     

Influence of consumption experiences on customers'''' satisfaction:an empirical study on fresh farm products in Wuhan, China

Which factors influence customers’ satisfaction? Which way or path does each factor influence and decide customers’ satisfaction? These problems are the focuses of the research on customers’ satisfaction. This paper analyzes the survey data from some customers in the fresh farm food supermarket of Wuhan City with factor analysis method, multiple linear regression method, etc. The analysis results reveal that: 1) the consumption experiences decide custom- ers’ satisfaction degree through influencing the customers’ expectation and the perceived performance, namely the consumption experiences is the important factor which decides customers’ satisfaction; 2) the consumption experiences that influence customers’ satisfaction is a multi-dimensional construct, including such four dimensions as product consumption experience, service experience, shopping convenience experience, supermarket environment experience; furthermore, the degree that different consumption experiences influence customers’ satisfaction is diverse, and the product consumption experiences are the most important factor. This paper is of realistic significance to a certain extent to enrich the theoretical research on customers’ satisfaction and promote the practice of agricultural product marketing.     

Analysis on inbound tourists＇ satisfaction in China： an empirical study based on the investigation of 5 cities

In China, the tourism industry is regarded as one means of fostering local economic development. This paper tries to examine inbound tourism development in China in the last decade and analyze inbound tourism＇s satisfaction of their travel experience with tourist attractions, facilities, services and price by an empirical study based on the investigation of Lanzhou, Wuhan, Guangzhou, Shanghai and Beijing. This paper discusses the demographic characteristics of visitors from Hong Kong, Macao and Taiwan, US. Korea and Japan by surveying a .sample of 528 visitors in five different cities. The survey showed that four provinces/autonomous region in western China ranked the top 10 popular destinations. Chinese natural landscape, culture and food were highly regarded by the tourists. At the same time, tourists expressed less satisfaction with tourist language convenience, tourist facility and nightlife in China. It was also found that only 7.4% of the tourists thought travel in China was far more than what they had paid, that 6.5% regarded they got what they paid for, and that 34.9% thought the travel cost was reasonable. Most tourists were satisfied with their travel experience in China： many of them would like to return to China and would like to recommend China. For the sustainable development of tourism, Chinese tourism authorities should strengthen the construction, propaganda and management of scenic spots, improve tourist facility and tourist education. especially language convenience, and strengthen the supervision of tickets, souvenir and hotel price.     

The determinant of performance of cross-border M＆As in China： A comparative study between overseas Sino and Anglo firms

This study examines the factors that affect the performance of foreign acquiring firms in Chinese M＆As （mergers and acquisitions） market. Comparing between overseas Sino-Group and Anglo-Group, this study found that familiarity and location were the most important factors influencing performance of M＆A transactions in China. It also found that unrelated M＆A deals should be merged with familiarity for gaining positive acquisition performance. The total sample used in this study was 3,442 cases from October 1980 to March 2005. Because this period included all deals of M＆As after the opening of Chinese market in China. The authors＇ finding provided a more universal explanation in the cross-border M＆As in China.