Industrial policy,social capital,human capital,and firm-level competitive advantage

Despite the popularity of governmental action devised to foster firm performance, the link between industrial policy and firm-specific human capital and social capital has received scant attention in the strategic management literature. In this paper, we build a dynamic optimization model which bridges concepts from industrial policy, social capital, human capital, and firm-level competitive advantage. We derive theoretical and policy implications from our competitiveness model, concluding that it increases in the opportunity cost of social capital reduce the production of human capital, so the optimal opportunity cost of social capital under feasible industrial policy should be set equal to zero. A government’s optimal industrial policy to help accumulate and churn human capital should reduce the opportunity cost of social capital to zero and reduce the probability of human capital leaving the community to zero. Thus, the model not only expands the potential determinants of competitive advantage in the context of governmental intervention, but also broadens the human capital theory and social capital theory in the creation of firm-specific human capital.

     

Ecosystem cross‐sector collaboration: conceptualizing an adaptive approach to sustainability governance

This paper explores the theoretical underpinnings of collaboration and ecosystem management in order to identify the relationships and processes involved in implementing ecosystem management programs through cross‐sector collaboration. Ecosystem management requires a highly adaptive and resilient social–ecological governance approach, which addresses spatiality and temporality issues. In order to explore possible implementation issues with ecosystem management, propositions are developed dealing with adaptive governance, institutional isomorphism and collective action. The paper concludes with a discussion of the theoretic underpinnings involved in implementing ecosystem management through cross‐sector collaborations. Copyright © 2010 John Wiley & Sons, Ltd and ERP Environment.     

Collective Action Cascades: An Informational Rationale for the Power in Numbers

Self-interested individuals pursue their goals rationally taking into account the constraints imposed by their environment and best-responding to the strategic behavior of other individuals: when applied to collective action, economic theory predicts undersupply.
Meanwhile, the behavior of masses of people is described as excitable, emotional, irrational, suggestible, hypnotic, disorderly, and unpredictable: in practice, it seems, collective action is oversupplied, and erratically so. The contagious and volatile dynamics of collective action appear to defy rationalization.
I conceptualize a social movement as a dynamic informational cascade. Turbulencies emerge endogenously from rational individual behavior. Disorderly mass behavior is a by-product of a powerful decentralized mechanism of information aggregation.     

新型股指期权计划在人力资本定价中的应用

自20世纪50年代舒尔茨人力资本理论提出至今,主要是从人力资本的结构构成和对经济贡献的角度来研究。从期权理论出发,新型股指期权计划打破过去人力资本研究仅从物质资本理论出发的不确切性,从宏观角度借助股票价格、股票指数变化给其定价,客观准确地衡量人力资本对企业业绩的贡献,进而为企业制定合理薪酬提供决策依据。     

从人力资本角度论"共"有制

马克思理论认为社会主义取代资本主义的表现形式为产权的私有制转变为公有制,其最高表现形式为共产主义。当前我国在全面建设社会主义市场经济的同时,人们似乎在有意无意地回避共产主义,这种信仰危机将危及人们对马克思理论的理解,从而歪曲并最终放弃马克思理论。本文拟从人力资本角度探讨传统资本主义时代不对等契约下物质股权资本对人力资本的"寻租"与"准租",新经济时代人力资本对经济主体的专用性增强使得人力资本由债权性资本转为股权性资本,物质股权资本与人力资本共同享有剩余收益的索取权,从而在实质上实现"共"有制。     

Strategic Bundling of Development Policies with Adaptation: An Examination of Delhi's Climate Change Action Plan

A growing number of cities in the global South are taking proactive action on climate change. Their plans provide insights into the potential for strategically bundling long‐term development policymaking with the climate agenda. In this article I study the case of Delhi, the first city in India to adopt a climate change action plan. Drawing on the literature on urban ecological security, I examine: (1) the adaptation challenges that Delhi faces; (2) the multiple motivations that underlie early action; (3) the key actors, strategies, and associated action domains outlined in the plan; and (4) the extent to which the plan seeks to bring about systemic change. Proactive action at the city level serves multiple strategic goals. Delhi's case is significant in illustrating how it has leveraged emergent opportunities to advance its short‐term development agenda, given the tight fiscal constraints and governance challenges it faces. The plan has been strategically formulated to enhance competiveness, facilitate image‐building, garner support for pet projects and access alternative sources of funding. But the short‐term orientation of the plan and its limited mechanisms for citizen engagement have severely restrained its capacity to address underlying social vulnerabilities or bring about transformative change.     

Collective learning in clusters: Mechanisms and biases

Although collective learning has long been considered a core feature of successful clusters, many researchers have treated the concept of learning more as a metaphor than a construct that requires an understanding of the various processes and mechanisms involved. I draw on the cultural-evolutionary perspective to argue that learning in clusters is an inherently biased process, with outcomes that can be both functional and dysfunctional. The cultural-evolutionary approach views learning as a process of imitation, treats beliefs as the unit of selection, and considers individuals as agents who are limited in their cognitive capabilities and social autonomy. Using interview data on 62 small business owners and 34 institutional actors in a textile and a surgical instruments cluster in South-west Germany, I show that the learning process can involve social biases which, in these cases, have the effect of reproducing a collective mindset built on distrust and rivalry. The findings provide an explanation for the fact that many studies of clusters have not been able to document the high levels of interfirm collaboration that cluster theory predicts.     

Power, Mastery And Organizational Learning

The topic of power has not featured strongly in debates about organizational learning, a point that is illustrated in a discussion of influential studies of teamworking. Despite the insights that such studies have provided into the nature of expertise and collaboration they have tended not to explore the relevance of issues of hierarchy, politics and institutionalized power relations. The paper addresses the problem by exploring the links between power, expertise and organizational learning. Power is analysed both as the medium for, and the product of, collective activity. The approach emphasizes how skills and imaginations are intertwined with social, technical and institutional structures. While studies of teamworking have concentrated on situations where imaginations and structures are tightly linked, unexpected developments may occur when these relations are loosened. Such situations occur when the needs of the moment overshadow normal routines and relationships and there is no single overview or centre of control. It is suggested that organizational learning can be conceptualized as the movement between familiar and emergent activities and between established and emergent social relations. Events in a two-year action research project are used to illustrate the approach and explore episodes of decentred collaboration.     

股东行为对股票价格的影响-基于博弈论的视角

随着证券市场全流通逐步成为现实，产业资本非控制股权投资将在其中发挥着越发重要的作用。本文基于博弈论的框架，运用计量方法提出了“股东博弈模型”，并结合实例进行了案例分析，在这一过程中，本文创造性地提出了“威胁系数”这一博弈指标，来衡量博弈各方决策行为，为理解资本市场中各种现象如何决定股票价格提供了新的思路。     

社保基金持股后上市公司的股权筹资偏好与盈余管理

本文通过前期在我国资本市场做的大量实证研究发现,资本市场会提前获知社保基金持股信息,上市公司被社保基金持股后的短时间内,股价会产生超额收益;而从上市公司被社保基金持股后的较长时间看,公司的盈余管理行为明显减少.本文介绍了社保基金投资的基本情况,结合相关的理论和前期研究成果分析上市公司被持股后股权筹资偏好,重点对股权筹资偏好产生的原因及其对盈余管理的影响进行论述,提出相应的结论与对策.     

基于DEA的区域人力资本对创新绩效影响的评价研究

以区域创新理论和人力资本理论为基础,运用数据包络分析法（DEA）对我国30个省、自治区、直辖市的区域创新效率进行实证分析,从而间接实现对人力资本的评价。根据评价结果对我国各地区间的差异进行研究和解析,在此基础上提出相应对策建议。     

Antecedents and consequences of social capital on buyer performance improvement

The ability to leverage social capital within strategic buyer–supplier relationships is increasingly cited as a key driver of value creation. Despite the importance of strategic partnerships, the process by which social capital accumulates within buyer–supplier relationships and contributes to buyer performance improvements is not well understood. Drawing on social capital theory, we develop a model linking positive relational capital, and its antecedents, supplier integration and supplier closeness, to buyer performance improvements. Further, we hypothesize that structural capital, as reflected in managerial communication and technical exchanges, is also positively related to buyer performance improvements. Using data provided by 111 procurement executives from the United Kingdom, we find support for our hypotheses. The study extends the supply chain management and social capital literature and suggests important implications for both research and practice.     

Social capital effects on the discovery and exploitation of entrepreneurial opportunities

Social capital refers to social networks and the norms of reciprocity, cooperation and trust associated with them. It can be studied at different levels of analysis. As previous literature suggests, social capital has aspects at both the individual and collective levels. However, theory development and empirical research have focused on separate, sometimes diverging levels. In an attempt to address this, this research examines the simultaneous influence of individual and regional social capital on the discovery and exploitation of entrepreneurial opportunities using individual-level data from the Global Entrepreneurship Monitor linked with regional-level data on social capital. The results show that individuals from regions with higher social capital are more likely to discover and to exploit entrepreneurial opportunities. Moreover, individuals having networks with other entrepreneurs are also more likely to identify a business opportunity and to become an entrepreneur. Also, we found that social capital at individual level had a greater effect than social capital at regional level in the two stages of the entrepreneurial process.     

Recentering the City

In The City and the Grassroots, Manuel Castells recentered the city as the site of distinctively urban social movements and reaffirmed the role of purposive social action in constructing a distinctively urban space. Although Castells’ recitation of five centuries of urban political activism documents the consistent failure of such movements to achieve their goals, his account is persistently optimistic on at least three counts. First, recentering the city reminds us that, despite the failure of transitory political movements, the city endures as an opportunity for renewed political activism. The continual possibility of change offered by the city's ontological persistence is separate from the fate of any given political intervention. Second, regardless of its specific success or failure, each episode of urban activism establishes a new context for the next encounter, its legacy persisting in the collective memories — the stock of mnemonic capital — of which the city is the repository. Third, Castells’ emphasis on political agency affirms that, while all action is ephemeral, its constitutive re‐enactment ceaselessly provides openings for insurgency and transgression. This optimistic message is worth repeating today.     

Swedish BioTech SMEs: The veiled values in online networks

For many years, sociologists have conceptualized and debated the value of ‘social capital’, the resources embedded in an actor's social network. The notions of network organizations and strategic alliances have become important forms of entrepreneurial venture, yet often the value in these networks is veiled by network complexity. These associations of individuals and organizations are typically undocumented, difficult to identify by third parties, and even pass unrecognized by their constituent members. They consist of informal Internet networks that are extremely valuable because of the strategic social capital embedded in them.Drawing on social network theory, this paper outlines a methodology for viewing and valuing informal Internet networks, using small-to-medium sized enterprises in the Swedish biotechnology arena as a backdrop. It demonstrates that networks can be constructed from the links between the web sites of actor firms, and that it is possible to use social network theory to identify the most prominent actors. Then, using structural hole analysis, the entrepreneurial opportunities surrounding these actors can be unveiled.     

Decentralization is Dead,Long Live Decentralization! Capital City Reform and Political Rights in Kampala,Uganda

African cities are currently experiencing some of the highest population growth rates in the world. Accompanying this growth is constant and continuing pressure on national and local governments to develop political and institutional structures that respond to the multiple demands this demographic change provokes in relation to service delivery, economic development and social wellbeing. In response to these challenges, national governments are reviewing the political and administrative structures of their capital cities, sometimes recentralizing authority. This article examines the reforms to Kampala, capital city of Uganda. The article explains how the national government gradually created the legal conditions necessary to take over the capital city directly, and the political rhetoric and conflict that ensued. We argue that while Kampala had deep internal problems and fared poorly in service delivery, matters were exacerbated by the national government's historical indifference to the city. Moreover, past service delivery failures offered an easy rationale for recentralizing authority. We demonstrate that this recentralization was a well‐planned effort by the central government to regain political control of the capital city. This article illustrates how the national government's recentralization of authority in Kampala is a significant departure from its longstanding policy of democratic decentralization.     

Organizing The Ordinary City: How Labor Reform Strategies Travel to the US Heartland

In New York, Chicago and Los Angeles, formal alliances between labor unions and community organizations have spurred successful workplace and policy organizing campaigns. As a result, the institutional form of the community–labor coalition is travelling to smaller, less unionized and more politically conservative cities, where the replication of established organizing strategies must contend with political, economic and institutional differences that often go unnoted. Comparing community–labor alliances in Indianapolis, St. Louis and Chicago, this article identifies heretofore unobserved conditions of possibility for successful urban labor organizing in the US. Compared to smaller cities, Chicago and the large urban areas from which ideal practices are abstracted feature higher levels of union membership, significantly more funding of basic social and neighborhood services, and larger immigrant communities. Operating with minimal human services and limited recourse to the social and institutional networks of immigrant workers, labor coalitions in St. Louis and Indianapolis face recurrent barriers to identifying workplace problems, mobilizing low‐wage workers and sustaining citywide reform campaigns. This indicates geographical limits to the current organizing model and highlights the limitations of urban scholarship derived from large cities unrepresentative of urbanity as a whole.     

Resource Dependence and Network Relations: A Test of Venture Capital Investment Termination in China

This study examines how venture capital (VC) firms terminate investments in an emerging economy context. We contend that due to the weak institutional environment, it is appropriate to draw on insights from power and social relation perspectives for a better understanding of the phenomenon. Specifically, we argue that a termination decision hinges on not only the dependence relationship between a VC firm and its portfolio companies, but also the social relationships among VC firms. Event history analyses of approximately 12,000 VC deals made in China between 2001 and 2012 reveal that when a VC firm has a greater number of investments in an industry, it is more likely to terminate investments on a portfolio company in that industry. Moreover, such effect on termination is moderated by the focal VC's embeddedness with its syndicate partners and collaboration opportunities with other VC firms outside the immediate access of the syndicate partners. Our study sheds light on research on VC decision making in emerging markets by integrating insights from resource dependence relationships and interorganizational network characteristics.     

"城镇化"的背景与发展趋势

"城镇化"是我国特定社会经济条件、特定体制背景下的产物,自1990年代以来,"城镇化"的背景和环境发生了根本变化,单纯的小城镇发展战略矛盾突出,实现由"城镇化"向"城市化"的战略转变迫在眉睫.实施积极的城市化战略,不仅是城市化的本质要求,也是经济全球化和知识经济时代的要求,更是推动我国社会经济发展的现实要求,是中国城市化道路的必然选择.