循环经济是我国经济发展的必然选择

循环经济已成为当今世界各国普遍重视的一种新的经济发展模式,是我国经济发展的必然选择。文章阐述了发展循环经济的必要性,分析了发展循环经济面临的主要问题,并从树立循环经济理念,完善政策、法律体系,加快技术创新,推进生态工业园区建设等方面提出了发展循环经济的对策。     

Exploring technology diffusion and classification of business methods: Using the patent citation network

Among the many technology forecasting indicators, patents and patent citations are useful and important indicators. The more frequently a certain patent is cited by subsequent patents, the more the related technology can be said to be diffused, implying that the technology is more widely applied and thus more valuable. This paper analyzes the business methods technology which retrieves patents from the USPTO database. There are two purposes of this paper: 1. establish the indicators for finding basic patents and measure the relationship of these basic patents; 2. classify the basic patents and explain the groups of technology diffusion. Finally, this study identifies the two mainstreams in business method technology: one is focused on marketing technology, and the other one stresses on data security. Both are important for Internet data processes or e-commerce activities.     

Defining key inventors: A comparison of fuel cell and nanotechnology industries

This paper defines the notion of key inventors — those whose patenting is simultaneously highly productive and also widely cited. By implication, key inventors should be the leaders in any developing new field and we investigate the validity of the notion through an exploration of two emerging technological fields: fuel cell and nanotechnology. The nature of the two groups is compared to discuss the differences between the technological groups.     

北京大学“元培计划”实验的回顾与分析

“元培计划”的历史颇能反映近十年来中国大学本科教育改革的处境。它要积极学习美国的教育经验,这是值得肯定的,但它是在未及充分认识东西方教育理念、未及深入研究中国高等教育主要问题、未及充分论证本科教育改革的必要性的情形下开始试验的,元培计划缺少由通识教育理念指导下经过周密设计的通识课程体系,而双轨制又给它的实践带来了根本性的限制。     

提升企业情报竞争力的策略

本文认为企业要面对21世纪全球性的经济竞争，必须增强竞争情报意识、建立内部情报组织机构，建设竞争情报系统、建立具有国际水准的企业商业秘密管理体系，培养企业信息管理资源人才，不断提升企业情报竞争力，增强企业活力，实现企业持久发展。     

Beyond institutional voids and the middle-income trap: The emerging business angel market in Malaysia

Emerging economies are characterized by the presence of institutional voids which challenge and constrain the behavior of economic agents. In this paper we report on one set of agents, angel investors, in Malaysia, which investors fear is experiencing a middle-income trap whereby economic growth and new venture formation stalls due to persistent institutional voids. This research addresses this question through interviews with 19 Malaysian business angel investors in 2015, utilizing a mixed-methods approach. Results indicate that business angels in our sample generated strong returns, though they did find it a challenge to invest in and monitor new ventures in a highly uncertain and competitive environment where there is high political uncertainty, weak legal and financial support for investors and SMEs. In order to overcome weak institutional support, business angel investors develop informal institutions by co-investing and networking with family members and government officials. They also conduct careful due diligence before investing and closely monitor their investee companies after investing. This research provides several theory and practice contributions with respect to business-angel investing in emerging economies with weak formal institutional regimes.     

Local reactions to mass tourism and community tourism development in Macau

By 2014, it became apparent that a popular debate was emerging in many destinations about the “annoyances” felt by local residents in the face of an upsurge in inbound tourism. This study investigates residents’ attitudes toward mass tourism and tourism development in Macau. It comprises an examination of three emotional solidarity factors of residents’ perceptions of the contribution of tourism to the community and the community's experiences of so-called “annoyances” from tourists that may ultimately influence residents’ attitudes toward community tourism development. The results of this study reveal that three emotional solidarity factors play different roles in influencing residents’ attitudes about community tourism and community tourism development. The theoretical contributions, as well as implications, are discussed and future research opportunities are proposed.     

The influence of CEO overconfidence on ownership choice in foreign market entry decisions

Prior research on foreign-market entry determinants offers various firm-, industry-, and market-level explanations. Yet, few studies consider the subjective psychological attributes of the executives making actual decisions. Based on behavioral decision theory and the psychology literature, this study provides the first empirical evidence of the influence of managerial overconfidence on ownership decisions into foreign markets. The results show that CEOs’ tendency toward overconfidence increases the propensity for full over shared ownership, where their positive relationship is more pronounced when firms are exposed to greater information asymmetry or environmental uncertainty, in terms of greater home-host cultural and institutional distances, higher host-country risks, and inexperience in the local market. A powerful board weakens this positive relationship, but does not diminish the effect completely. The results hold with overconfidence measures based on both CEOs’ actual actions and public opinions. Our findings complement extant entry-mode decision literature by highlighting the imperative to incorporate firm leaders’ psychological biases.     

The risk effects of combining banking, securities, and insurance activities

We create synthetic universal banks to examine the impact of securities and insurance activities on the banking firms’ risk. We find that these nonbank activities reduce the overall risk to the firm but increase systematic market risk—thus reducing the firm’s ability to diversify. Moreover, the unit price of risk does not appear to contain a risk premium to price the enhanced systemic risk exposure that might be engendered by greater convergence across financial firms. Our finding suggests that if there are net gains to universal banking, potential gains from synergies and demand effects must be powerful enough to overcome the disadvantages of increased systemic risk exposure. The results suggest that diversification benefits, when considered in isolation from the other implications of expanded bank powers, are not sufficiently large to justify expanding bank powers into nonbank securities and insurance underwriting activities.     

给年轻人的十条理财建议

面对如今的动荡局势。二十几岁的年轻人最应该做什么？如果用一个词来概括的话,那就是“投资”——把钱放入养老金账户和股市中,支付购房首付款,在自己身上投资,学习技能和知识……虽然投资很难一步到位,尤其是你收入一般的话;但这些投资最终会有回报。