Thriving in the New Normal: The HR Microfoundations of Capabilities for Business Model Innovation. An Integrated Literature Review

Firms need to respond to the increasing competition and change of the current New Normal environment by being more innovative, and especially in developing new business models. This paper seeks to explore how microfoundations, particularly with respect to human resource management, play a key role in facilitating innovation in business models through the development of key needed capabilities. Four themes are identified with respect to business model innovation (BMI) in the New Normal: BMI as an enabler to create and operate across industries and product-markets; BMI as a mechanism for firms to better navigate changing institutional landscapes; BMI as giving rise to business model portfolios; and concurrent and cumulative innovations that can lead to BMI. This paper also develops a conceptual framework that presents a synoptic view of the five essential capabilities for BMI, which include analogical reasoning, sensemaking, dynamic capabilities, organisational ambidexterity, and organisational learning. Finally, it is shown how the microfoundations of a bespoke, development-oriented BMI HR architecture can support the advancement of these capabilities and thus contribute to the strategic HR literature.     

经济转型下的外商直接投资、国内资本与经济增长——基于中国时间序列数据的计量检验与实证分析

经济转型背景下,中国经济持续增长的一个重要原因是引入外商直接投资。本文对1985年-2010年中国外商直接投资、国内投资与经济增长的总量时间序列数据进行了实证分析。结果表明:FDI与国内资本对我国的经济增长的影响显著,都是GDP的格兰杰原因,与经济增长存在长期均衡关系;但FDI对经济增长的影响小于国内资本,并且FDI与国内资本还存在相互挤入效应。     

我国水资源可持续利用能力评价

选取31个省级单位最新数据,提炼出7大类共计25项反映水资源可持续利用的评价指标体系,运用主成分分析法和DEA模型评价了我国水资源可持续利用的能力。研究结果表明:我国近74.2%的省份水资源可持续利用能力欠佳,呈阶梯状分布,这主要是由于水资源与社会经济、水环境容量、农业灌溉、城市发展、生态保护与可持续利用的不协整所导致的,但仍有很大的发展潜力。     

China’s monetary policy: Quantity versus price rules

Two monetary policy rules, the money supply (quantity) rule and interest rate (price) rule, are explored for China in a dynamic stochastic general equilibrium model. The empirical results seem to indicate that the price rule is likely to be more effective in managing the macroeconomy than the quantity rule, favoring the government’s intention of liberalizing interest rates and making a more active use of the price instrument. Moreover, the economy would have experienced less fluctuations had interest rate responded more aggressively to inflation.     

油价冲击、货币政策调整与产出波动——基于中国的经验证据

本文基于我国2001-2010年宏观经济月度数据,采用SVAR模型分析了国际油价波动时,央行货币政策在排除回应油价干扰与未排除干扰下的反应差异及油价波动对产出的影响。研究发现,在排除货币政策回应油价波动干扰后,通过脉冲响应函数反映的油价波动对产出的短期负面影响消失。方差分解结果显示,长期内产出波动由油价冲击和货币政策解释的比例分别为5716%和32480%,比排除干扰前分别下降了2569%和4560%。这说明我国油价冲击带来的经济衰退主要是因为货币政策及其回应油价冲击紧缩所致。此外,面对油价的短期冲击,CPI指数并未随着生产者购进价格指数上升而上升,产出也未发生明显的衰减;但在较长时间内,油价上升会因为相对价格的改变,而影响CPI水平和货币政策,从而对产出产生显著的负面影响。     

Collaboration and innovation: An empirical study of Indian technological enterprises

In 2010, the Indian government declared 2010–2020 to be the ‘Decade of Innovation’ and established the State Innovation Councils and Sectoral Innovation Councils to encourage and facilitate innovation by technological firms. In this paper, we study the relationship between collaboration and innovation in a cross‐section of Indian firms, paying particular attention to the impact of the innovation councils. Our results suggest that domestic collaborations have an important impact on firm innovation, as do the innovation councils, but that the impact of the councils is less for firms that collaborate.     

物联网商业模式的问题及对策研究

现今物联网应用领域十分广泛,对于推动经济发展、加快中国经济发展体制的转型、提高中国自主创新能力发挥着重大作用,它已成为当前最具发展潜力的产业之一。但是产业发展中仍然存在障碍。中国的物联网产业仍然处于初级阶段,成熟、稳定、有利可图的商业模式还没有形成。物联网作为一个全新的研究领域和研究对象,它的商业模式的创新才是决定物联网产业大范围、长期应用的关键所在。介绍从现存的物联网模式展开分析,并提出改进物联网商业模式发展的建议。     

KIS 集聚、空间溢出与制造业创新——基于中国 283 个城市面板数据的实证研究简

基于已有调研观察及案例分析文献,文章按照空间经济学规范范式理出了两个关于KIS集聚影响制造业创新的重要实证命题,并根据命题特性提出了相应的实证模型,进而引入2005-2007年间中国283个城市KIS产业及工业企业数据,在考虑空间互动的基础上,对相关命题予以检验。研究显示：KIS空间集聚能够显著地改善中国本土制造企业的创新效率,以两类代表性KIS产业数据为例的回归分析表明,KIS产业集聚不仅对所在地区本土制造企业的创新产出增长具有显著的正效应,通过空间关联性,KIS集聚还能产生跨区域创新效应。进一步基于企业分组比对的检验揭示,KIS集聚-创新效应因企业的规模以及企业所在行业技术水平不同而异。其中：小企业的创新对本地区KIS产业集聚不甚敏感,但对其他地区KIS集聚的关联效应较为敏感;大中型企业的创新则同时得益于其所在地区以及其他地区的KIS集聚;中高技术企业较之低技术企业更多地获益于KIS空间集聚。     

The impact of FIFA’s official announcements on the stock market of Qatar: The case of the 2022 World Cup

This study examines the impact of the FIFA’s official announcements on Doha Stock Exchange (DSE) of Qatar with respect to the 2022 World Cup. Using the abnormal unsystematic volatility method of Hilliard and Savickas (2002), our empirical findings reveal that the DSE market is sensitive to FIFA’s announcements about the 2022 World Cup. We find that four out of six FIFA announcements act as primary drivers to the DSE market volatility. The significant reactions of the DSE market to these announcements unveil the investors’ sentiments about the fate of the governmental and private expenditures on medium- and long-term projects undertaken in anticipation of hosting the 2022 World Cup. The results have some implications to investors in this newly emerging market related to this global sporting event. Any future announcements, good or bad, are likely to impact share prices in DSE market and trigger portfolio reallocation by local and international investors, leading to increased volatility.     

我国四部门金融杠杆对系统性金融风险的影响——基于空间溢出视角

基于金融杠杆对系统性金融风险的区域内和区域间作用机制的理论分析,运用空间偏微分方法,依据测算出的2010—2019年我国各省(区、市)四部门金融杠杆和系统性金融风险数据,考量我国四部门金融杠杆对系统性金融风险的空间溢出。结果显示：我国系统性金融风险具有较强的空间趋同性特征;由于金融杠杆部门结构和所在区域的不同,其对系统性金融风险的区域内溢出存在显著差异;此外,金融杠杆对系统性金融风险的区域间外溢效应明显,忽视该区域间溢出,将不利于准确评估金融杠杆对系统性金融风险的冲击。