Is environmental labeling certification a “green passport” for firm exports in emerging economies? Evidence from China

As the demand for more environmentally friendly products continues to increase, environmental label certification (ELC), as a voluntary environmental practice (VEP), has become a commonly used strategy by firms responding the green demands of the international market. While ELC is playing an increasingly important role in global trade, how ELC affects firms’ exports, especially how it affects the exports of those firms in emerging economies, remains unknown. This study explores the impact of ELC on firms’ exports. Insights are provided from resource-based views (RBV) by analysing China's A-share listed manufacturing firms to estimate the impact of China's ELC on exports. Our empirical results show that ELC can promote firms’ exports, because ELC emphasizes firms to reduce pollutant from the source, thereby, brings about cost advantage and green product differentiated advantage to boost high-quality exports. Using a series of robustness tests, we provide corroborating evidence for our hypotheses. The export-enhancing effect of ELC is impacted by the institutional context of emerging economies, as specialized market intermediaries and greater openness to the global market strengthen the export-enhancing effect of ELC. This research not only contributes to the literature, but also provides a reference for policy-makers and managers in using ELC to develop green trade.     

The consequence of possessions: Self-identity,extended self,psychological ownership and probabilities of purchase for pet’s fashion clothing

This research attempts to exemplify whether pets ascribed as possessions can be regarded, as part of our selves, i.e., a metaphoric relationship with pets, by examining the dynamic relationship between beliefs, extended self, self-identity concerning possessions, and psychological ownership.This study extends the literature by developing a conceptual model asserting that probabilities of purchase for pets, in particular, are contingent on possessions and the extended self. A sample of 326 pet owners was selected, and by using SEM, the direct and indirect relationships were explored. Self-identity and beliefs were significantly associated with psychological control and the extended self, however, beliefs were negatively related to the probabilities of purchase. The extended self and the psychological ownership demonstrated mediating relationships. The study contributes to an understanding of the theoretical relationship between the role of possessions and provides scholars and retail practitioners with an understanding of probabilities of purchase for pet fashions.     

Achieving value co-creation through cooperation in international joint ventures: A two-level perspective

How can international joint ventures (IJVs) enhance value co-creation? Using a resource-based view (RBV), this study examines whether partners’ cultural compatibility and parent companies’ asset complementarity foster top-level cooperation and/or operating-level cooperation in IJVs and investigates the underlying mechanisms (i.e., top-level goal alignment and operating-level goal alignment) in IJV relationships. This study also scrutinizes the differing impacts of top-level and operating-level cooperation on value co-creation in IJVs. The findings from a survey of 200 IJVs in China show that partners’ cultural compatibility positively affects top-level cooperation primarily through top-level goal alignment, while asset complementarity positively affects operating-level cooperation through operating-level goal alignment. Furthermore, operating-level cooperation has a stronger effect on value co-creation than top-level cooperation. This study offers fresh insights into IJV cooperation and value co-creation by introducing a two-level perspective and provides important managerial implications for the development of sustainable IJVs.     

价格歧视下四种市场类型的消费者剩余

市场按垄断程度由高到低可以分为四种类型：完全垄断市场、寡头垄断市场、垄断竞争市场和完全竞争市场。在发生二度价格歧视的情形下,这四种市场的价格歧视程度的定量结果是一个值得研究的问题。在二度价格歧视下,用微分法研究了一个垄断厂商市场情形,用博弈论方法研究了n厂商市场情形的均衡总产量,均衡价格,均衡总收益,总收益增长率,消费者剩余,厂商占有的消费者剩余率。最后把各种市场情形的上述指标归纳为统一的公式并详细分析了其性质。     

The Determinants Of The Adoption Of Advanced Manufacturing Technology

The paper investigates empirically the decision of firms to adopt ‘Advanced Manufacturing Technologies’ (AMT) based on a comprehensive specification of a ‘rank model’ of technology adoption using firm-level data for Swiss manufacturing. The explanatory variables include numerous dimensions of (anticipated) benefits from and costs of technology adoption allowing for uncertainty as well as for information and adjustment costs. Moreover, the effect of complementarities between various functional groups of AMT (design, fabrication, communication, etc.) as well as of learning from the use of previous technology vintages within such functional groups is analyzed, Finally, the size-dependence of the adoption decision is studied in detail. The model yields a quite robust pattern of explanation across estimates with different adoption variables (time period of introduction of AMT, intensity of use of AMT, etc.) with plausible differences of the results based on the alternative adoption measures used.     

农户贷款证券化：结构设计与信用增级

农户贷款证券化为农户贷款经营机构健康持续从事农户信贷提供了一种可行的资本补充与风险管理工具,从传统的资产证券化结构设计看,农户贷款特质决定了它基于不脱离发起人信用的参与式交易结构,并需要通过独立于贷款本身的增级方式——通常是多种方式的组合——来增强债券保障程度,其中,政府机构可以通过提供低成本外部增级扶持和改善发起人的农户贷款经营行为。     

预测与对策:未来中国房地产价格走势分析——以成都市为例

全球金融危机对中国房地产价格影响很大,通过对一系列影响因素的分析,发现这一时期人们的心理预期是所有影响因素中最为敏感的因素,能严重影响中国房地产价格。研究表明,四川省成都市的房地产价格走势与全国房地产价格走势接近,因而能够以该城市的房地产价格作为研究样本,在各种心理预期量化的基础上,预测出未来三年中国房地产价格并提出了相应的政策建议。     

税收政策与居民消费需求——基于结构效应视角的新思考

本文运用税收经济效应原理系统阐释所得税、商品税与财产税对居民消费需求的作用机制,在考察我国税制结构整体状况及其对居民消费需求负面影响的基础上,通过建立动态面板数据模型与采用GMM估计方法实证估计税收政策对居民消费需求的结构效应,结果发现：一方面,财产税挤入居民消费;另一方面,商品税和所得税均挤出居民消费需求,但开征利息税能够显著降低个人所得税对居民消费需求的抑制效应。基于理论分析与实证估计结果,本文认为,政府为了提高税收政策对居民消费需求调节的针对性与激励效果,应充分发挥税收政策的结构效应,积极推进与实行“有增有减”的新一轮税制改革,构建与扩大居民消费需求相协调的税制结构。     

The Impact of Institutions and Exchange Rate Volatility on China’s Outward FDI

Over the past decade, China’s outward foreign direct investment (OFDI) has rapidly increased. However, its characteristics are not sufficiently studied. In this article, we explore the host country’s determinants of China’s OFDI, with a focus on institutional quality, exchange rate volatility, and natural resources by performing an econometric analysis for the period 2003–2013 for a sample of 49 countries. Our results reveal that China’s OFDI is invested in countries with relatively poor institutional quality and abundant natural resources. Exchange rate variability has a dampening effect on China’s OFDI and that the appreciation of the Chinese renminbi enhances OFDI flows.     

旅行社产品质量网络评价系统设计研究

依据绩效感知服务质量度量模型(SERVPERF)以旅游者的旅游知觉为标准对旅行社产品进行评价。评价系统将旅行社产品细化并以旅游产品消费过程为基础,以官方机构为主体,运用网络认证码为保障确保结果的真实性。旨在为旅行社产品质量评价、监督提供可行、可靠的网络评价系统。通过评价使旅游信息更加对称,并对旅行社产品质量改进起到督促作用,对实现旅游企业间的良性竞争具有重要的现实意义。