从个人决策向决策科学化转型——中国民营企业实现可持续发展必须跨越的台阶

21世纪是以数字技术、基因技术为基础,以信息革命和生物革命为标志的新经济时代。与时俱进,实现技术、产品、管理、组织、文化的创新,特别是重大决策的科学化,是企业获得持续发展的关键所在。不少中国民营企业至今对此认识不足,而迷信个人作用,搞个人决策,这正是造成其短命的重要原因之一。深入分析中国民营企业决策个人化的危害和根源,有利于实现从个人决策向决策科学化的转型。     

商业保险对居民消费影响研究——基于中国省级面板数据的经验证据

当前中国经济社会处于快速转型期,伴随着改革进程的不确定性风险日趋凸显,成为制约居民消费进一步扩张的重要因素。本文采用2003~2017年中国省级面板数据,考察了商业保险对居民消费行为的影响效应及其作用机制。研究发现,以商业保险密度和保险强度为表征的商业保险发展对居民消费有着显著正向影响,相较于农村居民消费,商业保险对城镇居民呈现更强的消费效应,同时财产保险消费效应明显高于人身保险对居民消费影响,进一步地,中介效应检验发现,不确定性缓解可能是商业保险影响居民消费的一个重要机制。基于此,本文认为,构筑完善的商业保险服务体系对于启动居民消费具有重要意义。     

Corporate Stock and Bond Return Correlations and Dynamic Adjustments of Capital Structure

This paper analyses the effects of dynamic correlations between stock and bond returns issued by the same firm on the speed of adjustment towards target leverage. The results show that the estimated correlations are time varying, show persistence and differ among firms. Analysis of the potential explanatory variables reveals that the correlations decrease with negative expectations about future aggregate risks, but only for firms with a low default probability. In contrast, correlations are positively associated with specific risk measures, especially idiosyncratic stock risk and financial leverage. The positive relationship between the correlations and the leverage ratio suggests that target leverage can be achieved faster when the stock–bond correlation is high. Our results show that this is the case.     

Value Orientations, Income and Displacement Effects, and Voluntary Contributions

Identifying the value orientations of subjects participating in market or non-market decisions by having them participate in a ring game may be helpful in understanding the behaviour of these subjects. This experiment presents the results of changes in the centre and the radius of a value orientations ring in an attempt to discover if the measured value orientations exhibit income or displacement effects. Neither significant income effects nor displacement effects are identified. An external validity check with a voluntary contribution game provides evidence that value orientations from rings centred around the origin of the decision-space explain significant portions of voluntary contributions while value orientations from displaced rings do not.     

R&D Spillovers for Public R&D Productivity

ABSTRACT

This paper empirically investigates whether the productivity of a public (government-funded) R&D project improves when the aggregate R&D investment in the same technology field increases. Based on the unique project level data that cover almost entire public R&D projects in Korea, this paper shows that aggregate investment in other public R&D projects in the same technology field increases a public R&D project’s outputs both independent of its project expenditure (additive spillover effects) and interactive with its project expenditure (multiplicative spillover effects). The spillover effects from the aggregate private R&D investment in the same technology field also exist, but to a much lesser extent.     

企业家精神发展路径及研究方法概述

企业家精神的发展路径大致可以分为三个层面：个人层面、企业层面、社会层面。三个层面相互融合又逐步推进,从个人层面到企业层面再到社会层面呈稳步推进的态势。企业家精神发展路径是企业家精神研究方法的基础,在这个基础上形成的研究方法对深化企业家精神的研究具有指导意义。     

Understanding precedents for frontline employee turnover in luxury hotels: Emotional intelligence as a unifying factor

Current turnover research fails to serve the needs of an industry that is long plagued by employee turnover. Existing literature focuses more on evaluating bundles of human resource practices and fail to provide precise and clear guidance for practitioners. This study proposes that emotional intelligence (EI) unifies sufficient individual factors and organizational factors that affect employee turnover and serves as a single significant precedent for turnover. Data were collected from frontline employees at eight luxury hotels. The direct, indirect, and total impacts of employee EI on employee turnover were tested by structural equation modeling and bootstrap tests. The results suggest that EI has significant indirect impacts through the mediation of perceived organizational support, pay satisfaction and job burnout, and significant total impacts on turnover. Implication suggestions include integrating EI into the recruiting process for new employees and providing training opportunities for current employees to improve their EI.     

三类餐馆顾客体验实证研究

不同定位的餐馆带给顾客不同的体验,了解这种感知上的差异对于提高餐饮业的管理水平具有重要意义.论文调研了豪华餐馆、大众餐馆和快餐店中的顾客体验,研究证实在不同种类的餐馆,菜肴质量、服务环境和员工服务对顾客的情感体验和社会体验具有不同的影响,并且顾客在三类餐馆的就餐目的也有很大差异.     

Determinants of island tourism development: The example of Dachangshan Island

Islands possess their own patterns of spatial and temporal evolution as tourist destinations. Taking Dachangshan Island as an example, two key stages were identified: a 'landscape-oriented' period from 2002 to 2009, and a 'background' stage from 2009 to 2012. Co-existing with both periods was changing spatial and land-use patterns of expansion and intensification. Using spatial mapping techniques, it was found that tourist resources were found to be the original driving force, tourist transportation and social and economic factors were endogenous determinants of change, and tourist enterprises and source markets subject to government policies the exogenous factors.     

民营上市公司控制权形成及影响分析

公司的控制权决定着公司的权力分配状况。从目前我国民营公司控制权的现有状况、作用机制入手,着重挖掘控制权对民营企业产生的各种影响,包括企业基本结构的变更、参与市场竞争等,揭示了控制权对民营企业向前发展的整体作用。