数字普惠金融对经济高质量发展的影响研究

本文借助国家级承接产业转移示范区所覆盖城市2011—2019年的面板数据,采用双向固定效应模型、面板分位数回归和中介效应模型等实证方法,基于产业集聚的视角,检验了数字金融对欠发达地区经济高质量发展的影响。研究发现：数字金融能够促进示范区经济高质量发展,且其边际影响呈现出逐渐增加的趋势;现阶段产业专业化集聚是数字金融影响欠发达地区经济高质量发展的重要作用机制,而产业多样化集聚的作用不显著;数字金融的各个维度都对欠发达地区经济高质量发展有影响,但金融数字化服务程度、数字金融使用深度需要借助产业专业化集聚发挥作用,而数字金融覆盖广度则直接作用于欠发达地区经济高质量发展。基于上述研究结论,本文提出了相应的对策建议：鼓励欠发达地区的传统金融服务向数字化转型升级;在产业承接过程中要注重产业的专业化集聚;提高数字金融在欠发达地区的覆盖广度。     

资本性环保支出与企业绩效交互影响问题研究

文章以环境成本为切入点,将环境成本区分为内部和外部两种,利用中国A 股重污染行业上市企业 2016—2020 年的面板数据分析环境成本对企业绩效的影响,并进一步检验社会责任表现的中介作用。结果表明：环境总成本、内部环境成本和外部环境成本的投入都可以显著提高企业绩效;环境总成本、内部环境成本与企业社会责任表现呈显著正相关;社会责任表现在环境总成本、内部环境成本对企业绩效的影响中发挥部分中介作用;滞后一期的环境成本可以显著提高企业绩效,滞后两期的环境成本对企业绩效影响并不显著,且影响逐渐减弱。     

工匠精神的历史传承与当代培育

在“中国制造2025”和经济高质量发展的时代背景之下,弘扬和培育工匠精神对中国经济转型发展具有重大意义。鉴于此,文章运用文献计量与归纳相结合的方法,探究工匠精神研究现状,梳理工匠精神内涵、维度、影响因素、作用后果及培育策略。研究发现：工匠精神具有丰富的时代内涵,其内涵和维度划分尚未形成一致观点;工匠精神受个体和组织因素的影响,同时也是个体成长和组织发展的重要推动力;培育工匠精神需要政府、社会、企业和学校共同发力。

     

我国加工贸易的技术溢出效应研究

本文利用1983～2004年的数据,实证研究了我国加工贸易的增值率与我国全要素劳动生产率的关系。协整检验结果表明,加工贸易增值率与我国全要素劳动生产率之间存在长期的均衡关系;因果关系检验结果表明,加工贸易增值率的变化是我国全要素劳动生产率变化的格兰杰原因。最后提出了提高我国加工贸易技术溢出的政策建议。     

国际贸易救济措施应用的对比性分析

反倾销、反补贴和保障措施是WTO允许用于保护国内产业的三种贸易救济措施。本文除对这三种救济措施制度进行比较之外,重点是对三种贸易救济措施的实际应用情况进行比较。通过比较发现,在运用总量上,反倾销最多,其次是反补贴及保障措施,但近年来反倾销和反补贴有下降趋势但保障措施却有上升趋势;欧、美、加等发达国家是反倾销和反补贴的主要应用国,但发展中国家在反倾销和保障措施的应用上已经逐步代替发达国家成为主力;五矿、化工和农产品等行业是各种贸易救济措施应用的重点。最后,文章对我国建立贸易救济措施的预警机制提出几点意见。     

转型与经济增长--对中东欧国家(CEEC)的实证分析

本文对中东欧国家(CEEC)十几年来经济转型与增长的实践进行了论证和检验。文章第一部分通过分析一组宏观经济增长率指标,对CEEC转型历程进行总体把握;第二部分考察这些国家实际GDP增长率指标,并提出转型期三个阶段的划分;第三部分运用索洛模型对CEEC经济增长进行总体和分阶段检验;文章最后部分分析和论证了CEEC转型和增长过程中出现的资本、贸易和劳动力缺口问题,并提出一些建议和措施。     

Engagement partner specialization and corporate disclosure transparency

This paper explores the association of audit partners' industry specialization with corporate disclosure transparency and the latter's informativeness. The distinctive institutional designs of partner signature requirement and Information Disclosure and Transparency Ranking System (IDTRS) adopted in Taiwan allow us to empirically address the issue. We posit and find that the rankings from the IDTRS are higher for firms audited by industry specialist engagement partners than for firms audited by non-specialist engagement partners. Additionally, the results show that the probability of informed trade (PIN) proxy for information asymmetry is negatively associated with the rankings for clients of industry specialist engagement partners, but not for clients of industry non-specialist engagement partners. The results are robust with respect to alternative estimation method and alternative measures of industry specialization. Overall, the evidence suggests that industry specialist engagement partners enhance the credibility of corporate disclosure transparency, through which information asymmetry is further declined. The evidence provides policy implications to the partner signature requirement adopted in Taiwan and China.     

Do political connections affect stock price crash risk? Firm-level evidence from China

Using a sample of Chinese listed firms in the period from 2003 to 2012, this paper empirically investigates how the presence of politically connected directors affects stock price crash risk. We thereby make a distinction between listed state-controlled firms and privately controlled firms due to their different incentives to appoint politicians as directors on the board. Our empirical results show that politically connected directors exacerbate stock price crash risk in listed state-controlled firms, an effect driven by the appointment of local government officials as directors. In contrast, hiring politicians as directors, particularly central-government-affiliated directors, helps listed privately controlled firms to reduce stock price crash risk. Finally, good quality of institutions does not help to alleviate the positive relationship between political connections and stock price crash risk in listed state-controlled firms. However, it does weaken the role of political connections in reducing crash risk in listed privately controlled firms.