Novelty: A mechanism of tourists’ enjoyment

Novelty, conceptualized as the experience of something new and different from the everyday, is widely believed to be what defines tourism experiences and makes them enjoyable. The present study tests the mediating effect of novelty on positive emotions in two longitudinal data sets based on daily psychometric diaries. Findings show that the effect of tourism experience on positive emotions is indeed partly mediated by novelty. The mediation effect is similar for average positive emotions as well as for the emotion of interest, suggesting that novelty sparks positive emotions through goal congruence more than by directly triggering interest. Findings affirm that novelty is indeed fundamental and enjoyable in the tourism experience.     

Socially responsible investment,ethical rating,and separating contracts: A theoretical exploration in hospitality industry

This study theoretically examines the role of the ethical rating agencies. First, in an infinitely repeated game framework, it shows that hotels with low environmental, social, and governance risk would prefer to signal their worthiness to isolate them from risky ones. Next, by employing the Bayesian approach, this study shows that a socially responsible investment (SRI) would advise a hotel to obtain an ethical rating when the expected value of sample information turns positive. This analysis could guide future empirical investigation and policy frameworks about the ethical screening.     

四十年来中央银行的研究进展及中国的实践

改革开放四十年来,中国金融体系从无到有,发生了翻天覆地的变化,目前已基本建成了与中国特色社会主义市场经济相适应、具有活力和国际竞争力的现代金融体系。这四十年,现代货币经济学和全球中央银行政策实践也发生了深刻变革。作为全球最大的新兴发展加转轨经济体的中央银行,中国人民银行面临的现实约束条件更加复杂,央行的研究为推动中国金融体系发展和央行科学决策提供了可靠支撑,既与世界同步,也具有自己的鲜明特征。本文以世界经济十年左右的周期波动及与之相伴随的货币经济学理论进展和中央银行政策变迁为主线,总结了四十年来中央银行的研究进展和中国经验,旨在进一步推动中央银行的理论研究,更好地促进金融高质量发展。     

信任被定价了吗？ ——来自债券市场的证据

仅依赖法律等正式制度无法确保金融或经济的长期发展,信任等非正式制度在其中的作用不可或缺。鉴于此,本文研究信任这一非正式制度在债券市场中的价值。研究发现,信任不仅有助于提高债券信用评级,还有助于降低债券信用利差。同时,利用最高法“失信被执行人”数据还发现,失信及失信程度的增加会降低债券信用评级,提高债券信用利差。此外,本文还利用路径分析法发现,信任不仅会直接影响债券评级和定价,还会通过提升公司财务报告质量间接地发挥作用,即不仅投资者主观上更愿相信高信任度地区的企业,客观上这些企业也的确更为可信。进一步地,信任对债券评级和定价的积极作用在国有企业、金融业更发达地区的企业以及发债次数更多的企业中更为显著,即投资者与发行人之间的重复博弈机会越多,信任的价值也越大。本文研究结论提醒政府在推动企业融资成本下降时,应着重加强对信任这种地区乃至国家公共品的培育和建设。     

Inspection,testing errors and trade in tainted products

This paper examines international trade and inspection involving tainted products in a model of quality choice, facing fears that globalization is the cause of numerous food incidents. Particularly, we ask the following questions: (i) What are the conditions under which foreign firms choose to produce tainted goods? (ii) Does globalization via freer trade lower product safety? (iii) Why are goods imported even though they are known to be harmful? We show the existence of a free trade Nash equilibrium characterized by production and trade of high-quality non-tainted products. However, free trade cannot prevent the export of tainted goods, because the foreign firm may deviate under different combinations of parameters. We identify self-correcting mechanisms such as nationalism and a political-economy re-allocation of public resources in favor of customs authorities. Nevertheless, we also uncover activities that exacerbate tainted production like errors of testing and sabotage by rival firms.     

民间金融的实践、风险与规范化发展——“互联网背景下民间金融风险与规范化发展”会议综述

民间金融是把双刃剑,对其合理引导可促进国民经济发展,但如果用之不当,也会扰乱经济金融秩序,甚至引发地区性的社会不稳定。民间金融与互联网技术的融合,使得民间金融活动更加频繁、参与主体更为复杂、波及面更为广泛,而且往往游离于银监会和央行监管之外,加大了民间金融规范发展的难度。但互联网技术与民间金融的融合也是推动金融改革,促使民间金融走向规范化、阳光化的一大动力。因此,未来应适当降低民间金融准入门槛,通过财政税收等调节手段,引导民间资本流向实体经济、风险投资等领域。同时,应加快立法、普法进程,提升民众的金融知识和风险意识,明确监管责任边界。     

我国主题酒店营销探析

体验经济时代的到来使得国内主题酒店面临新的机遇和挑战,不能准确把握消费者需求、营销理念过时、缺乏新颖的营销策略等问题成为主题酒店不能完全适应现阶段消费者行为和需求转变的障碍。本文提出在主题酒店实施体验营销的观点,并从制定体验营销战略和体验营销组合策略两方面着手分析,使主题酒店能更好地满足消费者的体验需求,实现自身长远发展。     

新课改下高中历史探究式教学的作法与体会

随着新课程的推行和深入开展,中学历史的探究式教学取得了很大进展。本文对历史教学中探究式教学的认识、尝试以及体会浅谈下自己的一些认识。     

Understanding the experience and meaning of app-based food delivery from a mobility perspective

Online food delivery service has developed rapidly and expanded the boundaries of the catering industry. Being a food delivery rider in the gig economy attracts workers with the premises of flexibility and freedom. However, existing studies based on labor process theory revealed that freedom is fictitious. The study sheds light on how the individual rider finds meaning in their work from the mobility perspective. A mixed-method approach based on questionnaires, interviews, and mobile ethnography is applied. Findings showed that food delivery riders gain the experience of freedom in many aspects, from flexible working hours, body movement, immediate cash transfer to freedom from many other regulations. Being a rider represents a free lifestyle and a way to control one’s fate. Yet, it is perceived as a transitional job. This study contributes to making connections between the mobility perspective and work-related studies.     

Narrative construction of expatriate experience and career cycle: discursive patterns in Finnish stories of international

Expatriate experience is not only a disconnected occasion for cross-cultural anxiety and adjustment but also an important event in the process of self-development and learning. Following this view and arguing for a discursive approach, the paper focuses on ways in which expatriates themselves tell and interpret their development and movement across expatriate career cycle. Meaning systems connecting expatriate job with previous and following work experiences in career stories of Finnish engineers and managers were identified using a combination of narrative and discourse analysis. No evidence was found of an autonomous expatriate discourse but, in contrast, expatriate career cycle was narrated using available organizational repertoires of development and career. Describing and discussing the meaning-making properties of three identified discourses - bureaucratic, occupational and enterprising - the paper emphasizes the organizational environment of expatriate experience while acknowledging the limits of these contemporary career vocabularies in addressing individual learning and change in cross-cultural settings.