How outside directors’ human and social capital create value for corporate international investments

Grounded in theories of resource dependence, vicarious and superstitious learning, information processing, and board group literature, this study examines how outside directors’ human and social capital affect the value of corporate foreign direct investments. We employ the event study approach to examine 1210 international investment cases of 836 US firms over a 13-year period. We find significant but distinct non-linear impacts of board members’ human capital (U-shaped effect) and social capital (inverted U-shaped effect). The quality of board capital is also influential, as demonstrated by the effect of directors’ prior foreign investment performance in addition to size and degree of internationalization of interlocked companies. The performance measures of both abnormal announcement returns and operating ROA yield similar results. Our findings highlight the importance of incorporating factors related to board human and social capital for a more comprehensive analysis of the contribution of outside directors to a firm’s international success.     

Alliance capabilities,interpartner attributes,and performance outcomes in international strategic alliances

This study tests, using a sample of cross-border alliances, how different alliance capability components intersect to develop resource complementarity and trust and how such interpartner attributes themselves intersect to enhance performance. We find that management capability allows firms to build resource complementarity and trust. High formulation capability is required for management capability to positively shape resource complementarity. Search capability is only positively linked to resource complementarity when formulation capability is low. International alliance experience drives resource complementarity. Trust has an inverted U-shaped relationship with performance, and resource complementarity drives trust and performance. Resource complementarity positively moderates the trust–performance link.     

Venture capital reputation: a blessing or a curse for entrepreneurial firm innovation—a contingent effect of industrial distance

This study investigates whether venture capital reputation is a blessing or a curse for entrepreneurial firm innovation by using data from 1553 observations of venture capital investments on entrepreneurial firms in China’s New Over-the-Counter (OTC) Market. Advantages that venture capital brings to entrepreneurial firms have been widely acknowledged in extant research. However, our research emphasizes the potential resource outflows rather than inflows when firms are embedded in a shared reputable venture capital, and finds that the curse effect of venture capital reputation on entrepreneurial firms is manifested. Furthermore, we develop the concept of venture capital “intra-industrial reputation” and “extra-industrial reputation” to give a contingent answer to the “blessing or curse” question. The conclusions are drawn indicating that the curse effect is contingent on industrial distance. Venture capital intra-industrial reputation is positively linked to entrepreneurial firm innovation, whereas extra-industrial reputation exerts a strong negative impact, which is responsible for the curse effect.     

动态能力视角下的资源创造模式及新创企业策略选择研究

通过文献梳理与回顾,首先剖析了资源基础观的理论意义与不足,提出了动态能力在新创企业成长中的作用及二者的耦合机制,重点分析了动态能力的6种资源创造模式,并进一步阐释了新创企业的选择策略。最后,提出了研究对新创企业成长的借鉴意义。     

研发导向型制药企业外部资源整合行为探究

制药企业在发展过程中需要有效整合外部研发与营销资源。针对我国制药行业的特殊境遇,以海正药业、双鹭药业为例,从发展模式、资源整合途径两方面对比分析了这两类企业的殊同。     

以资源节约为导向的区域创新系统重构研究

对以资源节约为导向的区域创新系统重构的内涵进行了探讨,并从资源集成、价值导向和生态考量3个维度进行了进一步分析,提出了以资源节约为导向的区域创新系统重构模型;并从形成资源节约的区域创新文化、合理引导区域创新资源的流向、将生态标准嵌入区域创新政策、鼓励联盟合作式协同创新模式、打造高效的科技创新服务平台5个方面探讨了推进的策略。     

流域水资源管理综合集成研讨厅探讨

针对日趋严重的水资源冲突,提出把综合集成研讨厅理论应用到流域水资源管理中,构建了流域水资源管理综合集成研讨厅的理论体系及其框架,分析了流域水资源管理综合集成研讨厅的运行流程。     

Property Rights and Natural Resource Management in Developing Countries

This essay surveys the literature on property rights and natural resource management in developing countries. Focus is on policy relevant discussions concerning collective action, property regimes, local institutions for natural resource management, the evolution of individual property rights to land, land titling by government and poverty–environment linkages. The tendency to draw policy conclusions from simplistic analysis is criticised, and the need for more credible empirical research is highlighted.     

计算机网的进程调度和资源管理研究

本文主要阐述了计算机网中的进程调度及资源管理方法.用这些方法可以很方便地完成网络软件的控制功能.     

巴雷特曲线在企业人力资源管理中的应用

巴雷特曲线所显示的"重要的少数和次要的多数"现象,很适合工商企业中人力资源价值和人数的不均匀分布,把巴雷特原理应用人力资源管理可以节省管理成本.