行业锦标赛激励与并购业绩承诺达标程度

高管的行业竞赛心理不仅会影响其并购决策行为,还会刺激其关注企业并购整合及并购业绩承诺的履行情况和达标程度。以2011-2019年中国A股上市公司签订业绩承诺协议的并购事件作为研究对象,考察行业锦标赛激励对标的公司业绩承诺达标程度的影响。研究发现行业锦标赛激励与业绩承诺达标程度显著正相关,表明高管受到的行业锦标赛激励效应越强,越有动机和压力督促标的公司提高业绩承诺达标率。进一步研究发现,真实盈余管理在行业锦标赛激励与业绩承诺达标程度之间起到中介作用。行业锦标赛激励对业绩承诺达标程度的提升作用在并购方是非国有企业、并购支付方式为股份支付、承诺补偿方式为股份补偿的情形下更显著。     

面向中国式现代化的国土空间格局优化：基本遵循、理论逻辑和战略任务

研究目的：立足中国式现代化五大基本特征,剖析国土空间格局优化和中国式现代化的关系,为国土空间治理体系和治理能力现代化水平的提升提供参考。研究方法：文献研究法,综合分析法。研究结果：（1）中国式现代化具有的人口规模巨大、全体人民共同富裕、物质文明和精神文明相协调、人与自然和谐共生、走和平发展道路五大特征是国土空间格局优化的基本前提、基本要求、基本原则、基本伦理和基本追求;（2）国土空间格局优化能够以“人地耦合”的基础逻辑、“规律纠偏”的功能逻辑、“文化精神”的引导逻辑、“生态文明”的支撑逻辑和“全球治理”的参与逻辑,助力中国式现代化的实现;（3）基于“需求—功能”的匹配思路,面向中国式现代化的国土空间格局优化战略任务是打造人地协调、融合均等、文明有序、优美和谐和安全共治的国土空间新格局。研究结论：中国式现代化的五大特征是国土空间格局优化的基本遵循,而国土空间格局优化则是助力中国式现代化实现的有效手段。未来,国土空间格局优化应当沿着中国式现代化的根本道路,不断提升国土空间治理体系和治理能力现代化水平。     

Do your tax problems make tax evasion seem more justifiable? Evidence from a survey experiment

Taxpayers often view tax rules and filing processes as complicated. I study whether the perceived tax uncertainty among peers makes tax evasion more acceptable among the general public. I find strong supportive evidence for this hypothesis using a survey experiment and a large representative sample of the German population. Providing randomized information that others are uncertain about how to file their taxable income decreases individual support for tax compliance. This suggests that subjects judge tax evasion less harshly in response to this peer information. Studying related heterogeneous treatment effects, I find that both older and left-wing subjects are more responsive to tax uncertainty of others. Less harsh views on evasion are persistent for very high compliance levels in a follow-up survey.     

考虑责任违规中断的负责任采购博弈

随着全球供应链的发展,供应商过程违规越来越成为供应中断的常见原因。为改善过程合规性,很多跨国公司已经在全球范围内,尤其是发展中国家实施负责任采购。针对供应商-采购方过程行为建模内生化责任违规中断风险,构建采购方和风险供应商之间的Stackelberg博弈模型,研究订货比例、成本结构等对决策产生的影响。通过比较静态分析发现,在责任违规中断风险下,即使跨国公司的订单占比较小,风险供应商也有动力不断提高合规水平直至完全合规。这说明跨国公司可通过游说当地政府提高对过程违规行为的监管和惩罚,以此激励风险供应商提高合规努力。     

国企国际化经营风险、内控、合规一体化研究

近年来，随着我国国家层面一些监管文件的陆续发布，风险、内控、合规等相关要求和理念逐渐进入企业高管层的视野。三者一体化融合同样也有相应的要求，但是在实践中，很多企业在风险、内控、合规管理方面积极推进一体化，但多数仅仅流于形式和口号，与实现一体化管理落地还存在较大差距。本文以国内一家从事国际化油气勘探开发专业化公司为例，通过对风险、内控、合规一体化管理的实践，构建了四个“协同”、一条“主线”的工作格局，形成以合规监管要求为底线，内部控制为载体，全面风险管理各流程为实施手段的集约式管理闭环，为风险、内控、合规一体化的有效落地提供参考。     

Social influence and stakeholder engagement behavior conformity,compliance, and reactance

Following the proliferation of customer engagement behavior research, rising interest is observed in marketing-based stakeholder engagement behavior, which covers any stakeholder's—including a customer's, employee's, firm's, supplier's, competitor's, and so forth—behavioral engagement in his/her role-related interactions, activities, and relationships. However, despite its importance, understanding of the stakeholder engagement behavior concept remains tenuous, is therefore addressed in this paper. We first conceptualize stakeholder engagement behavior as a stakeholder's behavioral manifestation toward his/her role-related interactions, activities, and relationships, followed by an exploration of the effect of influencor-exerted social influence on an influencee's stakeholder engagement behavior. We argue this effect to manifest as stakeholder engagement behavior conformity, -compliance, or -reactance, depending on the influencee's level of acceptance of the influencor's exerted influence. In turn, we propose stakeholder engagement behavior conformity, -compliance, and -reactance to yield cooperation, coopetition, or competition in the influencor/influencee relationship, respectively, as depicted in a conceptual model and an associated set of propositions. By investigating the interface of social influence, stakeholder engagement behavior, and its prevailing relational consequences (i.e., cooperation, coopetition, and competition), our analyses offer novel theoretical acumen and actionable managerial insight.