The interactions of institutions on foreign market entry mode

This paper examines the interaction effects of institutional differences in the cognitive, normative, and regulatory domains on cross‐border acquisition and alliance formation. Using a sample of 673 cross‐border acquisitions and alliances conducted by multinational corporations (MNCs) from the manufacturing sector of six emerging economies (EEs) over the period 1995–2008, we find significant mimicking (cognitive domain) of local firms' choice of ownership modes by EE firms. We also find that regulatory distance (regulatory domain) moderates the mimicking of both foreign and local firms while normative distance does not have any moderating effect. These findings contribute to our understanding of how EE MNCs mimic ownership modes in foreign market entry and how the interaction of this mimetic tendency with other institutional pillars affects these decisions. Copyright © 2014 John Wiley & Sons, Ltd.     

My Strengths Count!

This article builds on the argument that research on the link between HRM and performance benefits from investigating how HR practices are envisioned by managers (in terms of underlying philosophies), and how they are perceived by employees (in terms of psychological climates). Our study focuses on the effects of a strengths‐based HR philosophy assuming that employee performance can be maximized through leveraging individual strengths. This philosophy relates to a strengths‐based psychological climate, that is, employee perceptions of the opportunities they get to identify, develop, and use their strengths. We hypothesized that a strengths‐based psychological climate positively influences employees’ positive affect, which in turn enhances their in‐role and extra‐role performance. In our study, 442 respondents working in 39 departments of eight Dutch and Belgian organizations gave ratings on the strength‐based psychological climate of their organization, and indicated their level of work‐related positive affect, in‐role performance, and extra‐role performance. Results of multilevel hierarchical regression analyses supported our hypotheses by indicating that strengths‐based psychological climate was positively linked to in‐role and extra‐role performance, and that this link was mediated by positive affect. © 2014 Wiley Periodicals, Inc.     

政治关联与会计信息质量——基于我国民营上市公司的实证研究

采用2007~2011年持续经营的民营上市公司为样本,对不同政治关联方式与会计信息质量的关系进行实证研究,结果表明,不同政治关联方式对会计信息质量的影响程度不一致:政府官员类政治关联的负影响最大,代表委员类则是正相关关系,其他背景类则影响不大;在后金融危机时代,政治关联对会计信息质量的这种负面影响更为显著。     

政治联系、债务融资与企业研发投入——来自中国上市公司的经验证据

以2009~2012年连续四年披露研发投入的中国上市公司为样本,实证检验政治联系、债务融资对企业研发投入行为的影响。结果表明,企业的研发投入面临债务融资约束,债务融资比例(银行借款)与研发投入强度之间呈现负相关关系,长期借款对研发投入强度的债务制约作用比短期借款更大,政治联系对企业的研发投入产生了"挤占"效应,抑制了RD投资,虽然给企业带来了一定的长期债务资源,但并未能如预期产生显著的"资源效应",扭转企业债务融资困境。     

非金融支付领域金融消费权益保护研究

近年来,我国非金融支付机构发展快速,为消费者提供了更加高效、便捷的服务,传统意义上以银行为主的支付结算服务得以不断延伸和拓展,弥补了银行服务的不足。随着非金融支付机构竞争加剧,非金融支付服务行业的快速发展与非金融支付领域金融消费权益保护不相匹配的矛盾日益显现,非金融支付领域金融消费权益保护工作需引起关注。     

Economic Globalization and Financial Development in East Asia: A Panel Cointegration and Causality Analysis

This study examines the role of economic globalization in financial development in eight East Asian economies. The heterogeneous panel cointegration test reveals that cointegration is present among economic globalization, institutions, financial development, real gross domestic product per capita, and financial reforms. The Granger causality test results indicate that economic globalization has a significant causal influence on institutional quality, and institutional reforms have in turn facilitated and supported financial development, in particular of the banking sector in East Asia. Economic globalization is also found to have a favorable causal impact on stock market development without going through the institutional quality channel.     

Race,Ethnicity, and Credit Card Marketing

There is a vast literature on discrepancies in consumer credit related to race and ethnicity. I explore a pattern that was first identified in aggregate data by Han, Keys, and Li ( 2011 ) in their study of credit access: Blacks were approximately 27% less likely to receive offers from credit card lenders during the sample period, even after controlling for variables such as credit history, household income, and local economic conditions. Hispanics were 17% less likely to receive an offer, after including controls. The discrepancy is robust to lender‐specific regressions and the inclusion of a large number of explanatory variables. My findings imply that marketing is an important area for analysis of discrimination in consumer credit. Due to the likely need for confidential information in further analysis, investigation by an appropriate regulatory agency such as the Consumer Financial Protection Bureau would be useful.     

美国国立科研机构资源配置机制及其启示

美国国立科研机构主要是由政府出资设立的科研机构,包括国有国营和国有民营两种。美国国立科研机构是政府研发经费配置的重要载体,得到政府稳定的机构性经费支持,还得到科技计划的经费支持。我国应充分借鉴美国国立科研机构的运作及经费配置方式,在建立较为完善的国立科研机构体系基础上,加强宏观科技资源的统筹协调配置。     

哈佛“大学智库”研究

大学智库是高校以自身的高层次人才和优势学科为依托,充分利用自身的资料、信息和学术氛围等优势,顺应国际国内发展的实际需求,将学术研究与现实问题解决相结合组建而成的机构,在政府政策制定和决策过程中扮演着重要角色。本文以哈佛大学的三家全球知名大学智库为例,探讨分析它们如何在＂战略研究、政策建言、人才培养、舆论引导＂等方面发挥作用,为我国高校智库建设提供参考。     

我国公立医疗机构按病种收费研究

我国医疗改革已进行了几十年,政府已尽到了最大努力,但收效并不如意,看病难、看病贵的问题依然存在,我国医疗改革如何深入进行？这是一个摆在党和政府面前的一个难题。一个带有方向性治本性的改革方案,那就是我国公立医疗机构实行按病种收费。为此,文章首先设计了一个按病种收费系统完整实施方案,全面深入剖析了其重要意义,预测了实施中可能出现的问题,提出了对策建议。