Let chaos reign,then rein in chaos—repeatedly: managing strategic dynamics for corporate longevity

Combining longitudinal field research and executive experience, we propose that corporate longevity depends on matching cycles of autonomous and induced strategy processes to different forms of strategic dynamics, and that the role of alert strategic leadership is to appropriately balance the induced and autonomous processes throughout these cycles. We also propose that such strategic leadership is the means through which leadership style exerts its influence on corporate longevity. Our findings can be related to organizational research on structural inertia, learning and adaptation, as well as to formal theories of complex adaptive systems. They also contribute to resolving the seeming contradiction between a study of corporations that attributes exceptional long‐term success to leadership style, and the more common proposition that strategy is the determinant of long‐term performance. Copyright © 2007 John Wiley & Sons, Ltd.     

Catalytic defiance as a crisis communication strategy: The risk of pursuing long-term objectives

In 2014, Dairy Khoury, a medium-sized family dairy located in Lebanon, was accused of using a health-threatening carcinogenic substance as a preservative in its products. The news created an immediate food safety concern and a product harm crisis, resulting in dramatic reputation loss and operational risks to Dairy Khoury. In this article, we analyze Dairy Khoury’s response to the product harm crisis through an examination of the communication strategies used to address internal and external stakeholders. We then introduce traditional corrective action response strategies from the crisis communication literature. In the Dairy Khoury case study, the company opted to defend its reputation and clarify the misunderstanding using catalytic defiance, a long-term crisis response strategy. Our analysis provides insight regarding the risks and benefits of pursuing long-term versus short-term strategies during crisis recovery. This article contributes to crisis communication theory and practice and sheds light on the dynamics of crisis management in family businesses.     

我国市场经济初建时期知识经济的思考

债转股是防范金融风险和加快国有企业扭亏为盈的重要举措 ,但债转股的推行又产生了一系列的法律问题 ,本文借鉴国外的相关立法并结合我国的具体情况 ,就债转股的四个方面法律问题进行了讨论 :债转股与资本真实原则 ;债转股与公司治理结构 ;债转股与债权人利益保护 ;债转股与股     

Religion,administration & public goods: Experimental evidence from Russia

In this paper, I argue that religion matters for the provision of public goods. I identify three normative foundations of Eastern Orthodox monasticism with strong economic implications: 1. solidarity, 2. obedience, and 3. universal discipline. I propose a public goods game with a three-tier hierarchy, where these norms are modeled as treatments. Obedience and universal discipline facilitate the provision of threshold public goods in equilibrium, whereas solidarity does not. Empirical evidence is drawn from public goods experiments run with regional bureaucrats in Tomsk and Novosibirsk, Russia. The introduction of the same three norms as experimental treatments produces different results. I find that only universal discipline leads to the provision of threshold public goods, whereas solidarity and obedience do not. Unlike in Protestant societies, in Eastern Orthodox societies free-riding occurs at lower than at higher hierarchical levels. Successful economic reforms in Eastern Orthodox countries start with the restructuring of the middle- and lower-ranked public sector. Authoritarian persistence is defined by the commitment of the dictator to overprovide public goods.     

Increasing Inflationary Pressure

China＇s CPI rose to 8.7 percent in February after hitting 7.1 percent in January,creating a 12-year high, the National Bureau of Statistics said.The figure exceeded market expectations,as the Bank of China,the country＇s second- largest lender,     

走向可持续的工业遗产景观保护—— 英国布莱纳文工业景观保护实践

对可持续发展理论、工业遗产保护可持续发展原则 进行了分析。从景观概况,运营、范围、目标、策略、经济和 评估可持续方面对英国布莱纳文工业景观保护实践的经验、教 训进行了剖析。在此基础上,结合中国的国情、国策和现实问 题,从工业遗产景观保护的理论、制度、层级、目标、模式和 主体等方面对我国可持续的工业遗产景观保护路径进行了思 考,提出了在我国建立面向可持续的,地区发展综合目标、整 体系统规划管理、多元伙伴机制耦合的工业遗产景观保护新格 局的建议。     

重庆市金融要素市场培育的政府行为边界分析

随着重庆建设我国金融中心步伐的日益加快,本文针对如何界定重庆政府在建设金融中心的金融要素市场培育的三种理论为出发点,根据制度经济学"政府在制度变迁中提供的基本服务是博弈的基本规则"的原理,运用道格拉斯·诺斯制度变迁和经济增长的理论模型,提出重庆政府行为边界的具体构建框架,即完善稳定金融要素体系,提供配套基础设施及环境支持;为健全金融要素市场提供政策保障;随着金融要素市场不断形成出台并规范相关法律法规,明确规定政府行为边界,为重庆金融要素市场的培育提供有力的支持和保护。     

制度环境与过度投资——来自中国上市公司的经验证据

以我国特有的制度环境为出发点研究企业过度投资行为,分别分析了我国各地区的政府干预、法治和金融发展对上市公司过度投资行为的影响。研究结果表明,政府干预程度与企业过度投资成正相关,法治、金融发展水平与企业的过度投资成负相关,企业外部制度环境的改善会制约企业的过度投资行为。进一步的研究发现,与法治和金融发展相比,政府干预是影响企业过度投资行为更为基本的因素。     

腐败与金融包容性国际经验研究

金融包容性是指提高低成本的金融服务的广泛可得性。金融服务普及的深度和广度对国民经济的发展起到了至关重要的作用。而腐败会影响金融包容性,将贫困弱势群体排除在外,客观上形成金融排斥,加重小微企业贷款难、贷款贵等问题,降低金融服务实体经济的能力和质量。本文选取1995—2016年170个国家和地区建立非平衡面板数据模型,经过实证研究发现：腐败会显著降低金融服务的包容性,但会提高金融服务的可得性。并且腐败会通过提高银行贷款利率,增加贷款规模以及提高企业融资难度传导到金融包容性。此外,本文还进行了内生性检验,并按时间、经济发展速度、人口规模和地区划分进行异质性分析。本研究填补了腐败对金融包容性影响机制研究的空白,从而丰富了腐败对金融市场影响的研究,也为普惠金融的发展提供了重要补充。     

Emotions,deliberations, and end‐of‐life products

Death is inevitable; yet, not all consumers prepare for death by purchasing end‐of‐life (EOL) products. Using the theory of reasoned action (TRA) and the dual‐process model framework, this study aims to examine the role of emotions and cognitions in influencing consumers' decisions to engage in planning for death. A mixed methodology design was used. Study 1, a qualitative study, uncovered positive and negative emotions and deliberative reasoning that comprise consumers' EOL purchase decision process. Study 2, a quantitative study, confirmed that emotions and deliberations independently and jointly influenced consumers' EOL attitude and behavior and that emotions affected deliberations for both prepaid funerals and wills. Subjective norms outperformed attitude in predicting both products' purchase behavior. These finding supported the dual‐process model of behavior and the TRA in the EOL research context and contributed to the EOL literature by investigating the effects of emotions and deliberations concurrently; thus validating the important role of emotions in influencing EOL planning and purchase. In light of our findings, marketers could, after due cognizance of the morbidity and sensitivity of the topic, develop actionable promotional and segmentation strategies for EOL products and other emotion‐laden, unsought products and service.