This study investigates the effect of international coproduction on the performance of cultural products in the global markets. As a result of institutional barriers and cultural distances, coproduction, which allows a foreign producer to partner with the local firms, has emerged as a way of increasing cultural product performance in the global markets. Using the data on the Chinese movie market from 2012 to 2018, the authors find that international coproduction can promote movie performance and that the coproduction effect is mainly explained by the institutional variables. They further examine the heterogeneous effects and find that coproduction effect is stronger for culturally sensitive movies, and that the magnitude of the coproduction effect increases with the level of cooperation. They also confirm that the results are robust to different measurements of performance.
Using Canadian nationally representative, multisource longitudinal data, this paper examines relationships between hours underemployment, employee turnover and human resource practices. The results of hierarchical linear models indicate that underemployed employees are more likely to leave an organisation that relies heavily on part-time workers, whereas they are more likely to stay when their employers hire regularly from within the company. These findings extend the literature on hours underemployment from individual-level direct effects to organisational-level moderating factors, and accordingly, they provide empirical evidence that human resource professionals can use to address the detrimental effects of underemployment. 相似文献
This paper empirically studies the occurrence and extent of asset stripping via undervaluing public assets during the mass privatization of state-owned and collectively owned enterprises in China. Using three waves of a national survey of private firms, we provide evidence that state-owned and collectively owned assets were substantially underpriced, indicating the presence of corruption during privatization. Further analysis shows that the extent of underpricing is more severe in regions with less market competition or weaker property rights protection, and more pronounced for intangible assets such as intellectual property rights and land use rights. When comparing firm efficiency between privatized firms and de novo private firms, we find that the former group continues to enjoy considerable preferential treatments, yet significantly underperforms the latter, possibly due to continued government control and intervention. Finally, we provide evidence that insider privatization is an important source of corruption during the privatization process. 相似文献
Optimizing a portfolio of mean-reverting assets under transaction costs and a finite horizon is severely constrained by the curse of high dimensionality. To overcome the exponential barrier, we develop an efficient, scalable algorithm by employing a feedforward neural network. A novel concept is to apply HJB equations as an advanced start for the neural network. Empirical tests with several practical examples, including a portfolio of 48 correlated pair trades over 50 time steps, show the advantages of the approach in a high-dimensional setting. We conjecture that other financial optimization problems are amenable to similar approaches. 相似文献
正2018年,重庆市积极与全世界多国、多城市在经济、文化等领域开展友好交流,结交了新朋友,并和一些老朋友加深了友谊,促成了创新合作。重庆的国际朋友圈越来越大。In 2018, Chongqing actively carried out friendly exchanges with many countries and cities across the world in the fields of economy and culture, made many new friends, and deepened friendship with some 相似文献