高管团队异质性、团队冲突与企业绿色绩效——差异化CEO领导风格调节下的整合分析框架

基于高阶梯队等理论，从高层管理团队异质性等要素整合分析视角切入，在探讨高层管理团队驱动企业绿色绩效作用机制的基础上，尝试构建差异化CEO领导风格调节下高管团队（TMT）异质性、团队冲突与企业绿色绩效的理论模型；通过层次回归分析、Bootstrap等方法实证检验异质性高层管理团队的作用机理和边界。研究结果显示：①TMT异质性、任务冲突能显著提升企业绿色绩效，且任务冲突在TMT异质性与企业绿色绩效的关系中起部分中介效应，而关系冲突显著降低企业绿色绩效。多元化构成的高层管理团队拥有更多差异化思想，这些观点通过高层管理团队成员不断分析整合后作用于绿色绩效，而成员间“对人不对事”的关系冲突会弱化该过程，进而对绿色绩效产生负向影响；②变革型CEO领导风格负向调节任务冲突与企业绿色绩效的关系，表明CEO适度简政放权，指导、关怀和保障高管团队成员充分表达观点非常重要。交易型CEO领导风格负向调节关系冲突与企业绿色绩效的关系，说明CEO通过奖惩激励，降低高层管理团队情绪冲突，提升团队凝聚，是推动绿色转型的重要举措。     

创业投资家与企业家的人力资本特性研究

创业投资企业作为一种知识型企业,与传统企业的最大不同在于,人力资本在资源配置中开始上升为主导地位。首先。创业投资家为创业投资企业配置知识资本与人力资本,这一点可以从理论与实证两方面进行解释。其次,创业不仅是创业企业家一种对机会的识别与新价值发现,而且是创业团队人员共同参与的创新行动,这个行动体现出了创业企业家特有的创业精神。第三,创业投资家与创业企业家之间的人力资本特性关系以及由此产生的治理机制是创业投资企业治理的关键,信任与合作是克服创业投资家和创业企业家之间代理风险的关键。本文主要从以上三方面详细分析了创业投资家与创业企业家的人力资本特性及其相互关系。     

证券分析师利益冲突行为的“前因”与“后果”——来自上证A股的经验证据

本文选用我国上证A股的证券分析师投资评级和股票收益率相关数据(2010.04.30-2011.04.30),对我国证券分析师利益冲突行为的影响因素以及证券分析师投资评级的绩效进行实证研究。结果表明:承销商分析师相对于非承销商分析师的投资建议更为乐观,且券商的承销和经纪业务对证券分析师利益冲突行为有显著性影响;券商声誉和分析师上年声誉对证券分析师的股票投资评级存在明显的抑制效应;积极性的投资评级和分析师本年的声誉与分析师所荐股票的短期超额收益率呈正相关关系。     

共享资源治理制度转型中个体认知状态的实证研究

基于对认知行为与制度演化的认识,在偏好分层理论框架下,本文针对“既非家庭私有又非社会公有的被一定范围内私人共享”的共享资源治理制度转型,通过对南京市两次截面数据(2003年878个、2005年865个样本)的统计分析,考察了共享资源治理制度转型中个体认知状态:面临转型期复合场景信号作用,个体外层偏好关系和认知状态发生冲突———趋于支配共享资源决策权利、同时回避与之对应、对等的供给责任。对两次截面数据所做的方差分析显示,存在认知冲突的个体比例未发生显著变化,但各变量特征变化表明,新场景下治理关系的认知状态调整将有利于共享资源治理转型。     

基于博弈论的褐色土地再利用冲突解析

以褐色土地再利用过程中污染企业、地方政府、开发商和社区居民四类主要利益相关者的"理性"策略选择为依据,运用博弈论经典模型对褐色土地再利用冲突进行解析,剖析各利益相关者之间冲突形成的现实原因,提出解决冲突的对策措施。即建立褐色土地鉴定识别统一标准、制定污染治理责任认定法律法规、形成褐色土地污染信息管理机制、支持褐色土地污染治理技术创新以及创建褐色土地污染治理激励机制。     

“高校—企业”技术转移对企业创新绩效的影响——来自经验取样法的证据

为探讨现代企业与高校之间技术转移对企业创新绩效的影响,立足我国高科技上市公司,以经验取样法为研究范式,以高管与高校之间技术转移体验及创新成效为对象,展开连续15周日记研究,结果发现：“高校—企业”技术转移会积极影响企业创新绩效,规划性博弈与功利性博弈具有中介作用,技术吸收能力具有调节作用。由此证明,在“高校—企业”技术转移合作中,企业技术吸收能力水平在历经组织间博弈后,将显著调节由技术转化而形成的创新绩效增幅。建议相关企业主动开展创新合作,并通过均衡性博弈机制完善自身技术吸收体系,实现“高校—企业”技术转移“双赢”初衷。     

In the wake of conflict: the long-term effect on child nutrition in Uganda

The Lord’s Resistance Army (LRA) insurgency from 1986 to 2006 is one of the longest conflicts in Uganda. This paper examines the effect of the LRA insurgency on child nutrition using the 2011 Uganda Demographic and Health Survey. The distance from each village to the border of South Sudan is used as an instrument for identifying the intensity of the conflict. We find that each conflict event in a village lowers weight-for-age z-scores and weight-for-height z-scores for children born after the conflict. We further investigate a possible heterogeneous conflict effect on child nutrition in terms of gender, region, and maternal education. Low household wealth, limited access to healthcare, and poor maternal nutrition appear to be channels through which the conflict inhibits the growth and development of children 5 years after the end of the conflict.     

Acquiescence and conflict in exchanges between inbound tour operators and their overseas outbound partners: A case study on Tanzania

Achieving partner acquiescence is critical in interfirm exchanges because it allows the focal firm to achieve its desired outcomes. Using a case study on dyadic relationships between inbound tour operators in Tanzania and their overseas outbound partners, this paper investigates the effect of partner irreplaceability and distributive fairness on acquiescence, and the subsequent effect that acquiescence has on conflict. The case study uses partial least squares structural equation modeling on data collected from 129 dyadic relationships. Results show that partner irreplaceability and distributive fairness are positively associated with acquiescence, which in turn reduces conflict. The effect of distributive fairness on acquiescence was found to be larger than that of irreplaceability. In addition, the direct effect of distributive fairness on conflict, although not hypothesised, was found to be significant. This emphasises the importance of distributive fairness, and its role as a possible buffer to conflict in less acquiescent exchanges.     

Who is more visionary in mergers: Commercial vs. investment banks

Early papers concerning bankers on board usually focus on the rationale of bank entry and such effects on company performance. Recently, Güner, Malmendier, and Tate (2008) started to look at the different effects of the bankers with different expertise on the investment strategy and post-entry performance of the firms on which they have board seats. This study extends this line of research to further examine the relationship between the change of different types of financial professionals’ equity holdings of acquiring firms prior to merger completion dates and these acquirers’ post-merger performance. Using 381 U.S. listed acquirers during 2000–2005, we find that the changes of the ownership of commercial banks and insurance companies are positively related to the acquirers’ short-term performance. However, only the changes of the ownership of investment bankers are negatively related to the bidders’ long-term performance, implying that, due to conflict of interests, investment bankers probably aim at the increase of the short-run post-merger performance of the acquiring companies of which they have relatively larger equity holdings.     

The tourism and peace nexus

Tourism has been heralded as a contributor to peace, however, the inconclusive findings of empirical studies render the need for a consolidation of theory that has in so far relied on case studies and the adoption of the contact hypothesis. Informed by political science theory, this paper proposes a methodological framework that can guide future research and aims to serve as a benchmark for researchers interested in temporal issues pertaining to conflict, peace and tourism. Signalling a departure from the simplistic notion that contact through travel contributes to social integration, the paper adopts a holistic conceptualisation of the multi-faceted and complex system of actors, sectors and dimensions of tourism spanning at the social, economic, political and environmental levels.