The Impact of Institutions and Exchange Rate Volatility on China’s Outward FDI

Over the past decade, China’s outward foreign direct investment (OFDI) has rapidly increased. However, its characteristics are not sufficiently studied. In this article, we explore the host country’s determinants of China’s OFDI, with a focus on institutional quality, exchange rate volatility, and natural resources by performing an econometric analysis for the period 2003–2013 for a sample of 49 countries. Our results reveal that China’s OFDI is invested in countries with relatively poor institutional quality and abundant natural resources. Exchange rate variability has a dampening effect on China’s OFDI and that the appreciation of the Chinese renminbi enhances OFDI flows.     

基于异质性特征的新生代农民工培训研究

正确把握新生代农民工群体的异质性特征是提升其培训效果的前提。当前新生代农民工培训中存在的问题,既包括整个农民工群体培训的一般性问题,还包括新生代农民工群体培训的特殊性问题。新生代农民工培训的特殊性问题,源于将所有农民工看作一个同质的群体,集中表现为培训的针对性不足。本文论述了新生代农民工的异质性特征,并在此基础上分析了这一群体培训存在的特殊性问题,提出了具有针对性的差异化培训管理方略。     

欧盟科技合作项目中知识产权的保护和利用

欧盟在科技合作的知识产权管理方面有先进的经验和完善的管理体系。对欧盟框架研发计划及原子能计划有关知识产权管理规定进行了研究。欧盟在主体科技计划及重大科技项目等方面都对背景及前景知识产权的归属、保护、信息共享、转让和开发利用等进行了规范。建议：我国在开展国际科技合作中,必须加强科技人员知识产权意识,重视和发挥科技合同的作用;与欧盟开展科技合作,要充分了解欧盟主体科技计划知识产权管理相关规定,在保护我国国家利益及知识产权人利益的基础上,最大限度地行使自己的合法权利,共享和利用各方知识、数据和信息,充分挖掘和利用新增知识产权为我所用。     

Does different NPD project’s characteristics lead to the establishment of different NPD networks? A knowledge perspective

In today’s highly competitive and globalised marketplace, firms need more and more to develop new knowledge and capabilities to leave behind their competitors, thus gaining market share. Knowledge is fundamental for success because a firm that knows more, often develops more sustainable competitive advantage. Networks, like those oriented to New Product Development, seem to be valuable means of learning, as firms could not achieve alone the same results, or at least not as quickly. Through this integrative systematic review, we are interested in understanding whether different New Product Development projects correspond to different New Product Development networks in terms of knowledge exchanged among the partners involved. Our results highlight the presence of four types of New Product Development networks deriving from the combination of the degree of innovation characterising the project and its mode of development. Implications and future research are also proposed.     

试论新公司法与公司的社会责任

公司必须承担社会责任是我国新公司法的要求,在实践中如何理解这一责任,甚为重要,直接关系到公司的发展和新公司法的实施.立足于现阶段的社会实践,公司社会责任的基本内涵是要求公司在其经营活动中不得有损于社会和谐及社会发展并因此而承担相应的社会义务,这一义务以保障劳工权益、保护环境、珍惜资源为核心.这种对公司社会责任的理解极具现实意义.同时,探讨如何将新公司法这一倡导性规范的要求合理地付诸实践也是我们不可回避的问题.     

绿色逆向物流管理有效途径研究

绿色逆向物流管理的主要目的是充分节约和利用资源与能源，保护生态环境，提高经济效益，最终实现可持续发展的战略方针。在对绿色逆向物流管理的内涵及必要性分析的基础上，提出废弃物最小化管理、商品回流量最小化管理、逆向物流信息化管理和逆向物流绿色管理等绿色逆向物流管理的有效实现途径。     

基于股权分置视角的中国上市公司MBO股东财富效应研究

通过分析中国上市公司MBO对公司影响的价值传导机制,认为中国上市公司实施MBO后,公司治理的有效性提高,进而导致代理成本下降,公司价值和绩效得到提升。同时,还基于股权分置的视角,在理论上分析了上市公司MBO的利益侵占问题及其形成原因,认为导致上市公司MBO利益侵占形成的制度根源在于股权分置。因此,股权分置改革可以通过消除一部分由于上市公司MBO利益侵占而产生的代理成本,进而提升公司绩效。本文的实证研究也证实股权分置改革对上市公司MBO具有积极效应。     

退耕还林中的中央政府与地方政府最优激励合约

在对地方政府执行退耕还林政策的成本收益进行分析的基础上,文章运用Holmstrom和Milgrom(1991)提出的多项任务委托—代理模型的精神,构建了一个中央政府与地方政府之间的双重任务委托—代理模型,并将土地资源禀赋因子引入该模型中,形成了一个新的分析框架,据此对中央政府与地方政府在退耕还林工程实施过程中的最优激励合约作出了研究。结果表明,在设计激励合约时,中央政府应根据地区的土地资源禀赋、地方政府的Arrow-Pratt绝对风险规避度量、退耕还林实施绩效的变异性等因素确定地方政府的可变收益分配率,并让地方政府的收益与退耕还林的实施绩效直接挂钩。在此基础上,文章就提高地方政府执行退耕还林政策的积极性提出了一组政策建议。     

Strategic niche management of social innovations: the case of social entrepreneurship

Strategic niche management (SNM), a tool to understand and manage radical socio-technical innovations and facilitate their diffusion, has always departed from a technical artefact. Many radical innovations, however, do not revolve around such an artefact. Social entrepreneurship is a new business model that combines a social goal with a business mentality and is heralded as an important new way to create social value such as sustainability. This study examines if and how SNM can be applied to such a social innovation. It identifies theoretical and practical limitations and proposes solutions. The main conclusion is that SNM can be used to analyse radical social innovation, although it requires rethinking the initial entry point for research and management. Exemplifying quotes are proposed as an alternative. Second, this paper suggests using values to describe niche–regime interaction as a better way to anticipate future niche–regime interactions.     

风险厌恶测定与我国银行治理效率的实证研究

基于FDIC对商业银行贷款损失所设定的概率分布,本文利用VaR方法对商业银行风险厌恶程度进行了测定,并利用我国上市银行2004～2008年间的财务数据对商业银行的风险厌恶程度进行了实证分析,结果表明商业银行的风险控制可以反映其风险厌恶程度,风险厌恶程度在风险控制中得到充分体现.银行的风险厌恶程度越高,净资产回报率越高.