Konsumentenanimosität: State of the Art und Entwicklung eines kontextsensitiven Erklärungsansatzes

Research on consumer animosity indicates that consumers reject products because they hold hostile attitudes towards the products’ country of origin. As companies operating in foreign markets are facing serious challenges, marketing research has focused on the mechanisms by which animosity influences consumer perception and behavior. The present article reviews 44 relevant empirical studies to illustrate antecedents, moderators, and behavioral consequences of the animosity effect. The analysis reveals a lack of a sound theoretical foundation and it shows that prior studies disregard social influences. To overcome this gap, the present article develops a theory-driven model which suggests that the social animosity context interacts with feelings of animosity at an individual level. Based on this new approach, directions for future research and managerial implication are discussed.     

湖北省土地资源集约利用效率评价与提升研究

土地资源的集约利用是中国未来经济社会发展的必然选择,提高土地资源集约利用效率的基础性工作是土地资源集约利用效率评价。随着湖北省经济社会的快速发展,其用地矛盾日益凸显。通过构建PSR模型,选取湖北省1996-2011年数据,对湖北省土地资源的集约利用效率进行评价。结果表明：湖北省近十年土地利用集约度虽保持上升趋势,但集约利用程度总体偏低,而且集约变化波动也较大;集约度省域分异和行政区域分异都比较严重;全省用地结构合理性较差。最后从行政制度管理、市场机制完善、土地政策优化、产业结构调整四方面提出应对措施。     

Opaque financial reports and R2: Revisited

In this study, we revisit the link between R² (synchronicity) and earnings management (opacity) because of the importance of the ongoing debate on the relation between idiosyncratic risk and earnings management in the finance and accounting literatures. Hutton et al. (J. Financial Economics, 2009) provide evidence of a positive link between opacity and R². They interpret their finding to imply that firms with high R² (high synchronicity) have less firm-specific information impounded in their stock price. Our results for this relationship fail to unequivocally support the results reported in Hutton et al. (2009). We show that their results are not only time variant but also not robust to the alternative empirical technique recommended for panel data by Petersen (2009) and alternative estimation of discretionary accruals adjusted for firm performance prescribed by Kothari et al. (2005). We also find no support for a convex relation between idiosyncratic risk and opacity. The findings documented in this study substantially revise some of Hutton et al.'s findings in this important and growing area of research.     

Assessing the price and output effects of monetary policy in Vietnam: evidence from a VAR analysis

Using monthly data, we perform a vector-autoregressive analysis to measure the effects of monetary policy on the Vietnamese economy. We concentrate our attention on the period following the introduction of the Law on Central Bank in January 1998 (which brought the national monetary policy and its objectives in line with international practices). Contrary to previous studies on Vietnam, we find evidence suggesting that monetary policy (through the manipulation of interest rates) is an effective policy tool in stabilizing prices. However, credit growth tends to induce inflationary pressures. In addition, we find that an expansion of broad money supply leads to an increase in industrial production.     

Product market power,industry structure,and corporate earnings management

This is the first study to establish a link between product market power of firms and the degree of earnings management. We hypothesize and document a significant and robust association between (a) a firm’s product market pricing power and its degree of earnings management, and (b) industry competitiveness and the degree of earnings management in the industry. Our study reveals that firms with inferior product market pricing power engage in greater discretionary earnings accruals, adding a new dimension to our understanding of the transparency and informativeness of firms’ financial statements. These findings are mirrored at the industry level where we document that more competitive industries are associated with greater earnings manipulation. The empirical evidence has direct implication on the informativeness and earnings quality of firms based on their product market power and competitiveness.     

基于行业金融的城市商业银行运营模式研究

创新金融服务方式,大力加强金融扶持中小微企业是国家为振兴和壮大实体经济的既定金融政策导向.中小型城市商业银行作为服务中小微企业客户的主要力量,既面临着严峻竞争形势,也迎来了发展的重要机遇.本文以行业金融为着眼点,探索了其以中小型城市商业银行为运行载体的运营模式,包括银行组织架构、业务模式和绩效考核模式,以期为努力突破生存与发展瓶颈的城商行找到一个经营模式转型创新的突破口.     

Public Enterprise Privatization: A General Equilibrium Analysis

This paper develops a general equilibrium model to examine the short‐run and long‐run optimal privatization policies. By assuming that all firms are public firms initially, the paper focuses on how the degree of product differentiation γ and the average efficiency of the industry influence the determination of the optimal privatization policy. The paper shows that privatization decreases the more efficient firms' outputs while increases the less efficient firms' outputs in the short run, and reduces all firms' outputs in the long run. The paper also shows that the larger is γ and the smaller is the number of firms, the more privatized will be the public firm in the short run. Moreover, as γ or the entry barrier f_E is sufficiently small, full privatization is the best policy in the long run. On the contrary, as γ and f_E are large enough, partial privatization is optimal.     

Who Controls the Controller? People Reaction to Social Control Agent's Decisions about Organizational Misconduct

Social control agents (SCAs) discipline organizations and draw the line between appropriate organizational behaviour and misconduct. While prior research focuses on the SCA-organization relationship, we theorize how a key audience (people) interacts with an SCA depending on its decisions to sanction or not organizational misconduct. Building on sociological and organizational research on social norms and their enforcement, we expect that people are more likely to agree with an SCA that sanctions a behaviour that violates rule-based as opposed to value-based norms. Violations of rule-based norms generate more agreement because such norms are less ambiguous and ascertaining when they are violated is easier to establish. As people agree more with SCA decisions to sanction rule-based violations, we expect that the propensity of people to resort to the SCA increases. We find support for our hypotheses with a survey, a series of experiments, and the analysis of complete data on complaints by UK citizens to the Advertising Standards Authority – the UK SCA on advertising – over the period 2007–10. Our paper contributes to research in organizational misconduct by showing how SCAs are both an evaluating entity and an evaluated one and by shedding light on how people co-determine what an acceptable or unacceptable behaviour is. Our paper uniquely links macro- and micro-level studies on corporate misconduct, putting centre stage that SCA's authority essentially depends on a key audience's agreement with the SCAs' underlying norms that underpin their decisions.     

我国海南黄花梨资源与开发研究

[目的]海南黄花梨列为国家保护的濒危树种,是热带珍贵树种,木材资源稀少,材质好。为开发海南黄花梨资源,发展经济效益较高的海南黄花梨种植业。[方法]文章论述了海南黄花梨的生长条件和分布情况,并对海南黄花梨资源匮乏因素和海南黄花梨资源开发可行性进行分析。[结果]认为海南黄花梨种植开发前景好,可持续提升乡村绿色经济,经济效益显著,可广泛种植于我国海南、广西、广东、云南、福建、贵州等热带亚热带地区。[结论]建议我国热带亚热带地区结合立地环境实际,科学规划种植海南黄花梨,利用坡地、荒地、零星土地、边角地和房前屋后地,农村村间道路,园林绿化、小公园、小游乐园的绿化地带开发种植海南黄花梨,造就具有地方特色的海南黄花梨经济发展带及景色和景点,增加林木经济资源,增添农村绿色财富。同时,营造全民爱花梨的良好社会舆论氛围,加强海南黄花梨保护,为海南黄花梨发展提供法治保障。