中国居民高储蓄率根源的实证分析

中国居民的高储蓄率早已引起各界的关注。采用实证分析的方法,通过对影响居民储蓄率的常规变量的回归分析得出结论:收入分配制度不合理是造成中国居民高储蓄率的根本原因。因此,应不断完善收入分配制度,加大居民收入在国民收入中的占比、加大二次分配中居民福利的占比、降低基尼系数,启动消费,实现经济的可持续发展。     

我国上市公司净资产收益率剧烈波动的影响因素分析——来自深圳A股市场2001年度的证据

本文采用实证研究的方法,对我国深圳股票市场2001年度净资产收益率大幅下降的原因进行了分析。我们得到的证据是:已处于亏损境地企业的该指标变动,是深市净资产收益率大幅下降的最主要因素;其他因素虽有一定影响,但不够显著。本文旨在分析和探讨净资产收益率变动的规律,以为相关研究提供思路。     

科技金融与中小高新技术企业发展的实证分析

科技和金融是现代经济发展的重要构成要素。分别选取政策性科技金融和金融机构科技贷款表示科技金融指标,构建生产函数为基础检验模型,并以1999--2011年大连相关数据对二者的关系检验。结果表明,中小高新技术企业的发展约13％可以归因于政策性科技金融,约56％归于高层次科技人员的投入,但是金融机构科技贷款的波动不利于中小高新技术企业的发展。在因果关系上,只存在金融机构科技贷款与中小型高科技企业发展的单方向Granger因果关系。     

关于我国社会保障供给侧结构性改革的几点思考

我国社会保障发展的主要矛盾是社会保障的供给与广大民众对社会保障的需求之间的不均衡。社会保障制度具有包容性和发展性的特征,决定了社会保障需要依据环境的变迁不断地进行改革。当前我国处于全面转型时期,政治、经济、文化等发展倒逼社会保障制度进行供给侧结构性改革,文章认为社会保障供给侧主要包括制度供给、规则供给、保障水平供给、话语体系供给和主体参与供给,因此需要对这几个方面进行有效地改革,以满足民众日益增长的社会保障需求。     

中国生物质利用政策演变与展望

介绍了中国生物质利用政策的背景:保障能源安全,保护环境,促进经济社会可持续发展。阐述了中国生物质利用政策发展演变的四个阶段:早期的生物质利用政策、能源需求增长下的生物质利用政策、能源安全下的生物质利用政策、全球气候变化下的生物质利用政策。展望了中国生物质利用政策的发展前景和方向:非粮,非耕地,立足国内,并注重保护环境。     

The effects of exports on facility environmental performance: Evidence from a matching approach

This paper employs matching techniques to investigate the effects of facility export status on environmental performance. Using facility-level criteria air emission data in the US manufacturing industry, we find the industry-specific effects of export status on emission intensity, measured by emissions per value of sale. In some industries, there is consistent and robust evidence supporting the superior environmental performance of exporters relative to non-exporters in terms of emission intensity for all criteria air pollutants tracked. In other industries, we find weak evidence that exporters appear to have a higher emission intensity than non-exporters. This industrial heterogeneity in the effects of exporting on the environment is closely related to industrial characteristics including pollution abatement capital expenditure, trade costs, capital intensity and others.     

中国出口中的汇率传递和计价货币

编者按:分散美元过度集中风险要求国际货币体系最终走向多元化,为以中国强大的经济实体为支撑的人民币国际化提供了契机.2009年7月人民币跨境贸易结算试点正式启动,人民币国际化进程提速,对人民币国际化前景的讨论具有更重要的理论和现实意义.香港金管局对人民币问题一向较为重视,在此方面开展了诸多富有开创性的研究工作.     

Emerging Market Firms' Internationalization: How Do Firms' Inward Activities Affect Their Outward Activities?

Research summary : In this study we examine how an emerging market firm's inward international activities (“inward activities”) are related to its outward international activities (“outward activities”) by focusing on the role of the firm's gain from its inward activities. On the one hand, drawing upon the organizational learning perspective, we propose that a firm's gain from inward activities may facilitate its outward activities through improving its resource fungibility. On the other hand, we draw upon the prospect theory to propose that a firm's gain from inward activities may hinder its outward activities by discouraging the firm's top managers from taking risks that are inherent in outward activities. With detailed data from a sample of manufacturing firms in China, we find empirical support for both lines of arguments . Managerial summary : Are emerging market firms with higher inward gain more likely to engage in outward internationalization activities? We argue that it depends upon how a firm uses its gain from inward activities. If the firm can improve its resource fungibility (particularly organizational resource fungibility) from its inward gain, it is more likely to engage in outward activities. If the firm cannot improve its resource fungiblity, the answer is no. Our findings suggest that for emerging market firms, internationalization is not just a path toward new markets; instead, it reflects how these firms exploit and explore what they have learned from their interactions with foreign firms at home in foreign markets. Therefore, managers must think more strategically on developing (organizational) resource fungibility from their inward activities . Copyright © 2017 John Wiley & Sons, Ltd.     

电商推荐商品的网络线索对消费者购买意愿的影响研究

依据消费者网页浏览数据向消费者推荐近似产品已经成为电商提高销售绩效的重要手段。实证研究发现:电商推荐商品所处的网页位置和网络口碑方向均显著正向影响消费者的购买意愿,而推荐商品的网络口碑数量对消费者购买意愿的影响弱显著;产品涉入度在电商平台推荐商品所处的网页位置、网络口碑数量及网络口碑方向对消费者购买意愿的影响中均起到了调节作用。研究结论对电商平台利用大数据对消费者开展有针对性的网络营销具有重要的借鉴意义,电商平台在向消费者推荐产品时,应将优质产品置于网页靠前位置,加强对网络口碑方向和数量的监管,并针对不同产品涉入度设计营销策略。     

基于过程模型和资源视角的上海制造业企业信息化影响因素实证研究

文章基于过程模型和资源视角,构建了信息技术价值创造的研究模型,通过对上海398家制造业企业的调查．采用结构方程模型方法对调查数据进行统计分析,揭示了上海制造业企业信息化的价值创造过程,验证了从IT投资到产生价值的路径,证实了政府推动政策、IT基础设施、IT管理等因素对制造业企业信息化的影响。