Integrating the resource-based view and transaction cost economics in immigrant business performance

This paper presents a new integrated framework that integrates the resource-based view and transaction cost economics to explain the phenomenon of immigrant entrepreneurship. We extend the existing literature on immigrant entrepreneurship by identifying different types of ethnic network resources and demonstrating how these resources interact with transaction costs in the context of Chinese immigrants. Thus, our study contributes to the literature by providing a theoretical framework which identifies mechanisms immigrant entrepreneurs use to strategically deploy resources to minimize costs and maximize performance outcomes.     

Alternative Lending Channels and the Crisis in U.S. Housing Markets

To what degree has the development of alternative mortgage funding channels promoted the recent boom and bust in U.S. housing markets? Past research examined whether Alt‐A and subprime market shares are correlated with the housing bubble. This article expands the analysis to include the share of specific “alternative” lending terms and finds that the shares of interest‐only and negative amortization loans are important factors in explaining the housing bubble. This result suggests that research on the housing market bubble should focus on the impacts of loan contract terms rather than loan channel.     

Does prior record matter in the wealth effect of open-market share repurchase announcements?

This study investigates whether prior experience of share repurchases matters in the market reactions to the subsequent repurchase announcements. Specifically, we study the prior record on actual buybacks and post-announcement stock performance. We find that upon the announcement of share repurchases, stock markets not only respond more positively to those made by firms that have better record on actual buyback following their previous repurchase plan announcements, but also experience a stronger reaction for announcing firms with better stock performance after prior repurchase announcements. These results hold even after controlling for other variables that are found important in influencing the market reactions to repurchase announcements.     

2018 KLEIN LECTURE: INDIVIDUAL AND AGGREGATE LABOR SUPPLY IN HETEROGENEOUS AGENT ECONOMIES WITH INTENSIVE AND EXTENSIVE MARGINS

We study business cycle fluctuations in heterogeneous agent general equilibrium models featuring intensive and extensive margins of labor supply. A nonlinear mapping from time devoted to work to labor services generates operative extensive and intensive margins. Our model captures the salient features of the empirical distribution of hours worked, including how individuals transit within this distribution. We study how various specifications influence labor supply responses to aggregate technology shocks and find that abstracting from intensive margin adjustment can have large effects on the volatility of aggregate hours even if fluctuations along the intensive margin are small.     

消费者在进口跨境电商平台间转移行为意向研究

本文整合人口学推拉理论和技术接受模型,从推送力、拉动力、锚定力三个方面构建理论模型和提出假设,收集数据验证消费者在进口跨境 电商平台间的转移行为影响因素。研究结果表明,经济性因素、平台服务质量是影响消费者向新平台转移的推送力,感知有用性和感知易用性是新平台 吸引消费者转移的拉动力,转换成本和消费者习惯是阻碍消费者转移的锚定力。对此,企业可通过提高用户体验、增加转移成本防止消费者流失。     

消极的非言语交际对外语教学的不良影响

在传统的外语教学当中,言语交际受到了众多研究者和教师的关注,而人类却往往忽略了交际的另一种不可或缺的方式——非言语交际,由此导致大批外语教师在课堂上无意识地进行了消极的非言语交际,从而影响了课堂效果。通过指出这种行为的负面效应,以引起众多教师和学者的重视,以加强对非言语交际的研究和学习,转消极的非言语交际为积极的言语交际,从而提升外语教学的质量。     

基于CSCL的CAI系统的设计与实现

给出了CAI系统开发的一种崭新模式,即计算机支持的协同学飞（CSCL）模式。在CSCW环境下,使用多媒体技术、OLE技术、ASP.NET技术、ADO.NET数据库技术,设计开发了“数据结构”CAI系统。重点讨论了系统的设计思想厦一些关键技术。     

地方财政困难的制度原因与对策

地方财政是国家财政的基础,地方财政的稳固是国家财政稳固的前提条件。目前我国地方财政收支矛盾尖锐,运转艰难。本文在考察我国地方财政现状,并对地方财政困难产生的制度原因予以分析的基础上,提出了解决地方财政困难的对策和思路。     

现代职业经理人能力特征分析

现代企业处在一个变化迅速、竞争激烈的环境中,雇佣职业经理人来扮演公司经营者这一角色,是现代公司经营管理的一个重要发展趋势。职业经理人产生的历史背景及其发展历程,决定了职业经理人是企业雇员中的重要群体,其所应具备的能力特征主要有：以诚实信用为核心的能力素质,以卓越的管理才能为核心的专业素质以及以决策能力为核心的综合能力素质等。     

中西方关系网络比较及对跨国企业的启示

关系网同时存在于中西方的社会实践并在商业活动中扮演重要角色,但迄今为止的研究较少针对性的探讨中西方关系网的差别及形成这些差别的本质原因。本文从社会架构和文化价值出发,分别分析了中国的guanxi与西方的networking,从四个方面分析得出了它们的差别及形成原因。在此基础上,本文进一步提出了对中外跨国企业如何善用所在国关系网络的启示。