动态能力视角下传统制造企业数字化转型中 机会开发过程研究

数字经济下,传统制造企业需要通过数字化转型促进机会开发,进而实现高质量发展。现有研究多以结果为导向,较少从过程视角研究数字化转型下的机会开发过程。本文以公牛集团为案例,从动态能力视角研究传统制造企业数字化转型下的机会开发过程。结果表明：渠道数字化转型形成数字驱动的网络效应,提升组织外部环境感知能力,通过资源构造行动,实现机会识别;生产数字化转型形成数字驱动的产销协同效应,提升组织资源获取能力,通过资源激活行动,实现机会利用;商业模式数字化转型形成数字驱动的利益共生效应,提升组织价值重构能力,通过资源撬动行为,实现机会迭代。本研究揭示了数字化转型下的机会开发过程,有助于丰富数字化转型和机会开发相关研究,也为我国传统制造企业的数字化转型与高质量发展提供一些有益的启示。     

Legal System and Trade Credit: Evidence from Emerging Economies

Using a large-scale, firm-level dataset from 68 emerging economies for the period of 2002–2006 compiled by the World Bank, we find that legal systems have a positive and significant impact on the provision of trade credit. This result is robust to the inclusion of conventional controls used in the literature, to alternate specifications that address endogeneity and measurement error problems, and to different measures of trade credit and legal systems. Legal systems have a larger impact on trade credit for firms with overdraft facilities than for those without overdraft facilities, and the impact of legal systems on trade credit is significant in more developed countries but not in less developed countries.     

Mixed ownership reforms and the transparency of nonstate-owned enterprises: Evidence from China

This paper takes Chinese Shanghai and Shenzhen A-share nonstate-owned listed companies from 2008 to 2019 as samples to study the impact and mechanism of state-owned capital participation on the transparency of nonstate-owned enterprises. The results show that state-owned capital participation has a significant positive impact on the transparency of nonstate-owned enterprises. In terms of the mechanism of action, state-owned capital participation positively impacts corporate transparency by increasing investors' attention. Further research finds that the positive effect of state-owned capital participation on foreign-funded enterprises and enterprises with few financing constraints is more prominent.     

The two-way interaction between population aging and industrial transformation

This study examines the relationship between the labour-force age structure and industry composition in a multi-region and multi-sector framework. Relying on a panel dataset of Chinese provinces, the simultaneous equations model reveals two-way influences between age and industrial structures. Population aging induces a (an) reduced (increased) secondary-sector (tertiary-sector) employment share. The industrial structure then changes the age structure of the local labour force via the migrations of young workers as non-agricultural sectors expand. With an improved Leslie model, we predict a province-level population aging and industry structure trend. Accordingly, municipalities, developed coastal provinces and the three northeastern provinces face greater pressure from population aging and a rapid structural, industrial transformation. Further considerations of the ‘two-child policy’ via simulation results show that relaxed birth restrictions could slow population aging in some but not all these provinces.     

“双循环”背景下我国国际旅游消费中心的发展模式与路径

国际旅游消费中心是中国特色旅游概念。中国作为首屈一指的旅游大国,拥有全球最大旅游市场,具有"双循环"联动发展的重要优势,但是当前我国国际旅游消费中心建设仍较为滞后,迫切需要明确国际旅游消费中心的发展模式与路径。本文立足现有研究基础,明确了国际旅游消费中心的概念内涵与基本特征,并依据地理位置、旅游核心吸引力、旅游业态以及旅游市场等评价标准划分了国际旅游消费中心的不同类型,以此为基础归纳了大陆型、离岛型、都市型和专项型四大国际旅游消费中心发展模式。最后,总结出提需求、扩供给、优服务和强管理等国际旅游消费中心的发展路径。     

钢的快速球化退火

本文介绍了几种快速球化退火工艺及其原理和应用。     

How crop insurance influences agrochemical input use: Evidence from cotton farmers in China

Crop insurance is critical in risk management in global agricultural production (e.g. by helping stabilise farmers' incomes in the long term and reducing risk-bearing costs). In this paper, using field survey data on cotton farmers in Xinjiang, China, we examine the influence of crop insurance on farmers' behaviours regarding agrochemical inputs and aim to investigate the synergy between crop insurance and reductions in fertiliser and pesticide usage. We find evidence that crop insurance significantly negatively affects farmers' use of fertilisers and pesticides, as well as significantly positively affects their adoption of green agricultural technologies (GAT) that can replace or complement traditional fertilisers and pesticides. Moreover, our results reveal that compared with small-scale farmers, crop insurance has a stronger effect on large-scale farmers' use of agrochemicals. Finally, when the insured amount is higher or the relative deductible is lower, farmers are more likely to reduce fertiliser and pesticide usage and adopt GAT. Overall, this paper scientifically identifies crop insurance can improve farmers' agrochemical input behaviour, by reducing farmers' use of traditional agrochemical inputs and increasing their adoption of GAT, which is of great significance for ensuring the safety of the agricultural ecological environment.     

Firm performance and economic development: Evidence from a unique dataset of China

Using a unique firm-level dataset from 2007 to 2015, we investigated the characteristics and trends of China's economic development from the perspective of firm performance. We found that China's economic development in the recent decade has made the following achievements: less reliance on investment for growth, enterprises’ deleveraging, a more competitive market environment and improvement in labour income distribution. Yet, it still faced severe challenges, such as increasing tax and fee burdens, high employment pressure, low total factor productivity (TFP) growth rate, and how to realize the coordinated development of the economy and environment.     

The combined effects of positive and negative affect on job satisfaction and counterproductive work behavior

Management researchers have paid more attention to the role of affect in the workplace in the last two to three decades. While it is clear that positive affect (PA) and negative affect (NA) should be associated with positive and negative employee attitudes and behaviors, respectively, we know little about their combined effects. In this study, we provide preliminary evidence concerning the potential complexity of the interplay between PA and NA in affecting job satisfaction and counterproductive work behaviors (CWB). Results of polynomial regression analyses from a sample of 216 employees showed that congruence of PA and NA at high level leads to the higher level of job satisfaction and CWB than they are congruent at low level. For incongruence situations, PA higher than NA leads to higher level of job satisfaction and a lower level of CWB than when NA is higher than PA. Theoretical implications, limitations and future directions are discussed.

     

Internal control material weakness disclosure and misstatement duration

Only a small proportion of companies that announce restatements disclose existing internal control material weaknesses (ICMWs) over financial reporting during misstatement periods. Using a sample of 1939 restatements related to misstatements between 2003 and 2015, we find that misstatement duration decreases with the disclosure of ICMWs during misstatement periods. Our results are robust to different samples and different measures of the dependent and test variables. We also find that the number of ICMWs disclosed is negatively related to misstatement duration. The disclosure of both entity-level and process-level ICMWs is associated with misstatements of shorter duration. Moreover, we find that the negative association between ICMW disclosure frequency and misstatement duration is more salient when restatements are intentional. Despite the negative consequences of reporting existing ICMWs found in prior studies, our results suggest that the disclosure of ICMWs can shorten the duration of misstatement periods, leading to more timely improvement in financial reporting. Hence, our evidence provides context and complements prior research suggesting that companies are penalized for disclosing ICMWs.