Strategic entry or strategic exit? International presence by emerging economy enterprises

By proposing an integrated strategic choice framework, we theorize the distinctive dynamics of international expansion by emerging economy enterprises. Specifically, we explicate how these firms build international presence based on combined strategic entry (i.e., prompted by internal capabilities such as innovation and diversification) and strategic exit (i.e., pushed out by external handicaps at home such as institutional obstacles and market competition). Further, a firm’s cooperative ties with foreign multinationals in the former’s home country fortify the strategic entry intent, while ties with home government institutions weaken the strategic exit intent. We also demonstrate that building international presence helps bolster firm performance, highlighting the economic catch-up consequence of international expansion. Analyses of a two-year imbalanced panel data of 2136 firms statistically support our hypotheses.     

Management Guidance Pre‐ and Post‐Restatement

We examine whether the quality of restating firms’ management guidance differs in periods before and after restatement announcements. While characteristics of restating firms and the consequences of restatement have been a central topic in accounting and auditing research, the quality of management guidance around restatements is less well understood. We consider two competing characterizations of the link between management forecast accuracy and bias and restatement (an event that tends to signal poor financial controls): “Forecast–Opportunism Explanation” and “Forecast–Ability Explanation”. Under the Forecast–Opportunism Explanation, pre‐restatement weaknesses in financial controls enable managers to manipulate earnings toward forecasts and to meet or exceed opportunistically biased forecasts, and the post‐restatement strengthening of financial controls constrains opportunistic behavior. Under the Forecast–Ability Explanation, pre‐restatement weaknesses in financial controls impede managers’ ability to issue accurate forecasts, and post‐restatement improvements remove impediments so that the accuracy of forecasts improves; forecast bias remains unaffected. Evidence indicates that before a restatement, restating firms’ forecasts are more accurate and relatively more downwardly biased than control firms’ forecasts. Post‐restatement, restating firms have less accurate and less downwardly biased management guidance. Our overall results are consistent with the Forecast–Opportunism Explanation.     

Social Innovation in an Interconnected World: Introduction to the Special Issue

This introduction provides an overview of the special issue and identifies the need for continued work in the area of social innovation, which seeks to create social value and progress and engages multiple stakeholders. Our special issue highlights various levels and stakeholders involved in the process and outcomes of social innovation. While mainstream innovation, which has been traditionally driven by profit maximization motivations, tends to create winners and losers, social innovation that focuses on redistribution of knowledge, discovery, and cocreation changes the key assumptions and logics of the conventional innovation theory. This introduction first briefly outlines current social innovation literature, presents the contributions created in this special issue, and concludes with the identification of three priorities (or needs) for social innovation researchers.     

图书馆外文编目外包的质量控制

外文编目外包不仅具有与中文编目外包同样问题,也因为外文编目的特殊性,也有其独特的问题,为了克服这些问题,需要图书馆和书商的共同努力。在合作中,签订切实可行的合同、做好培训工作、审校人员严格把好质量关,有问题及时进行沟通。     

An empirical analysis of night-time light data based on the gravity model

This article aims to explore the feasibility of applying night-time light data to the study of trade. Based on 61 countries’ panel data from 1995 to 2012, this research used night-time light data, as the substitute for GDP, to study trade development based on the traditional gravity model. The method of ordinary least squares, Poisson pseudo-maximum-likelihood and two-stage least squares were used. The results show that geographical distance, country borders and regional agreements have a significant effect on China’s trade with other Belt and Road countries, which verifies the validity of trade research based on night-time light data analysis. Additionally, comparisons reveal the trade trends predicted by night-time light data from 1996 to 2012, were highly consistent with the actual data. This article stands as the first study to apply night-time light data to the gravity model in the research on trade between China and other Belt and Road countries. Breaking new ground, this research uses night-time light data as an economic indicator to study trade, in combination with micro foundations and the latest findings of the gravity model. Thus, this article deepens the understanding of trade analysis and contributing to the field of related researches.     

China's Anti‐dumping Problems and Mitigation through Regional Trade Agreements

The present paper explores the opportunities for China's regional trade agreement (RTA) initiatives to mitigate its anti‐dumping problems. The paper highlights the severity and discriminatory nature of China's anti‐dumping problems. The high concentration of the share of anti‐dumping actions taken by the top 4 and top 8 anti‐dumping initiators is noted. Our finding of a weak effect of existing RTAs on mitigating China's anti‐dumping problems supports the argument that China could become more active in mitigating anti‐dumping problems through RTA negotiations. An RTA can include a higher level of openness in exchange for an improvement in regional anti‐dumping provisions. Case studies on RTAs involving the EU, the USA and India offer some precedents for offering inducements and modifying regional anti‐dumping provisions. The approaches for China may lie in obtaining market economy status from intensive anti‐dumping initiators at RTA levels and also altering regional anti‐dumping provisions that could be put in place in exchange for some potential concessions.     

环境规制对制造业绿色转型的影响机制及实证研究

制造业绿色转型是大势所趋，环境规制作为实现环境效益的重要手段，其如何影响制造业绿色转型值得探讨。在阐述环境规制对制造业绿色转型直接影响和间接影响机制的基础上，使用2005—2017年中国（内地）省级面板数据，采用基于EBM-GML模型计算得出的绿色全要素生产率衡量中国制造业绿色转型程度，进而建立固定效应面板模型检验异质性环境规制对制造业绿色转型的影响。结果表明：我国制造业绿色转型程度整体保持上升趋势，增长速度呈现出明显阶段性特征。环境规制对制造业绿色转型具有非线性影响，命令控制型环境规制和自愿参与型环境规制超过一定限度后能直接加快制造业绿色转型进程，市场激励型环境规制的直接影响则不显著；环境规制能够通过技术创新、外商直接投资、产业结构间接促进制造业绿色转型，产业集聚的影响则不显著；市场激励型环境规制能够通过间接效应影响制造业绿色转型。     

国家高新区创新国际化水平及影响因素研究

创新国际化是增强国家国际竞争力的关键。构建国家高新技术产业开发区创新国际化水平评价指标体系，以2014-2016年我国“一带一路”沿线68个国家高新区为研究对象，运用主成分分析法和二次指派程序方法对国家高新区创新国际化水平及影响因素进行实证研究。结果发现：国家高新区创新国际化以创新主体交互、创新活动融入、创新资源流动、创新绩效提升为本质特征；国家高新区创新国际化水平存在显著的区域不平衡性，东部沿海高新区创新国际化水平较高，中西部高新区创新国际化水平较低；国家高新区地理位置、经济发展、技术水平、政策质量等差异对创新国际化水平差异影响显著，自然生态环境差异对创新国际化水平差异影响不显著。     

The impact of dual network structure on firm performance: the moderating effect of innovation strategy

ABSTRACT

Firm innovation is embedded in a collaboration network among researchers and a knowledge network composed of knowledge elements; the two networks are decoupled. Guided by social network theory, this study puts forward the definition and the classification of firm dual network structure, probes into the influence of dual network structure on firm performance, and explores the alignment between innovation strategy and firm dual network structure. We conduct an empirical study of 183 listed companies in China from 2004 to 2018. It is found that the four types of dual network structure all have positive impacts on firm performance, and the impact of a collaboration network is slightly higher than that of a knowledge network. Besides, innovation strategy plays a positive moderating role in the relationship between dual network structure and firm performance. Our findings provide new ideas for firms to identify and optimise knowledge and collaboration network structures and match them with innovation strategy to improve performance.