From dilemmatic struggle to legitimized indifference: Expatriates’ host country language learning and its impact on the expatriate-HCE relationship

We address the lack of knowledge concerning the role of host country languages in multinational corporations based on an inductive qualitative study involving 70 interviews with Nordic expatriates and host country employees (HCE) in China. Building on the strongly discrepant views of expatriates and HCEs, we demonstrate how expatriates’ willingness to learn and use the host country language lead to different types of expatriate-HCE relationships, ranging from harmonious to distant or segregated. In doing so, we emphasize the subtle and fragile connection between expatriates’ attitude towards HCEs’ mother tongue and trust formation in addition to the construction of superiority-inferiority relationships.     

浅谈当代中式烹饪的现状及应用

目前我国餐饮业发展迅猛,而餐饮业的核心便是烹饪技术。基于此,通过对烹饪技术的正确定位、当代中国烹饪技术的现状及在生活中的应用进行探讨,使得广大读者能对中式烹饪有一个更全面、更深刻的了解。     

信息化对制造业升级的影响机制研究

信息化对制造业升级的影响日益深远，但其影响机制也更加复杂。通过微观、宏观双视角定性论述，借助GMM模型对中国283个城市2004-2014年的面板数据进行定量测度，探讨了信息化对制造业升级的影响机制。结果显示：信息化与制造业升级存在倒U型关系，当信息化程度未跨过风险拐点时，其对制造业升级会产生促进作用；信息化程度跨过风险拐点后，信息化对制造业升级的促进作用呈下降趋势。研究表明信息化并不总是促进制造业升级，信息化是机遇也是挑战，各地区需要因地制宜，结合自身工业化水平来发展信息化。     

Sell in May and Go Away: Evidence from China

Using the Chinese stock market data from 1997 to 2013, this paper examines the “Sell in May and Go Away” puzzle first identified by Bouman and Jacobsen (2002). We find strong existence of the Sell in May effect, robust to different regression assumptions, industries, and after controlling for the January or February effect. However, part of the puzzle is subsumed by the seasonal affective disorder effect. We then construct a trading strategy based on this puzzle, and find that it outperforms the buy-and-hold strategy and could resist the market downside risk during large recession periods.     

The effects of capacity reduction policy under the interest rate peg in China

Capacity reduction has been a recurrent theme in China's economic policy. The central government takes various administrative measures to remove excess capacity, accumulated mainly due to underpriced production factors and distorted incentives. I evaluate the de-capacity policy in a series of models and prove that its effects depend critically on its persistence and monetary policy regime. Under an interest rate peg, a transient policy that changes markup temporarily is ineffective and even expansionary, whereas a persistent policy is effective due to a negative wealth effect. A permanent de-capacity policy can lead to over-reactions in macro variables because the interest rate peg adds positive feedback to the economy. Therefore, the de-capacity policy has greater uncertainty under the interest rate peg. As a policy tool, it easily deviates from its target and brings about excessive volatility. However, long-run price stability and a gradually advanced de-capacity policy are conducive to the achievement of policy targets.     

系统论视角下中国特色领导者素质研究

领导职能从属于管理系统,领导职能的发挥对整个管理系统良性发展有着重要的意义。领导者是否具备应有的素质就成为领导职能发挥的关键,进而影响和制约着整个管理系统。领导者应具备良好的政治素质、知识素质、能力素质和心理素质,不断拓展自身的素质和能力。     

中国元素在平面设计中的应用

中国元素以其蕴含悠久的中华民族文化而被广泛的应用于平面设计中。本文阐述平面设计应用中国元素的重要性,并从中国书法、吉祥图案以及传统民族色彩等在平面设计中的具体应用进行详细的探讨。     

Is working capital management value-enhancing through alleviating financial constraints? Evidence from Chinese non-listed firms

Financial factors have been found highly important in influencing firms’ real activities and in promoting aggregate growth. Yet, the linkage between finance and firm-level total factor productivity (TFP) has been overlooked in the literature. I fill this gap using 147,310 non-listed Chinese firms over the period 1999–2007 to estimate a TFP model augmented with working capital. I find that TFP is strongly and significantly associated with working capital for private and foreign firms, but not for SOEs. More specifically, an increase in working capital has a negative (positive) effect on TFP in firms with positive (negative) working capital. Furthermore, highly external financial constrained, highly internal financial constrained, under-developed institutional regions and small size private and foreign firms are more sensitive to working capital.     

The impacts of risk-taking behaviour and competition on technical efficiency: Evidence from the Chinese banking industry

This paper tests the impact of risk and competition on efficiency in the Chinese banking industry over the period 2003–2013. Comprehensive types of risk-taking behaviour are considered including credit risk, liquidity risk, capital risk, and insolvency risk. Competition is measured by the Lerner index. The results are cross-checked using an alternative econometric technique as well as an alternative competition indicator. The findings show that the technical and pure technical efficiencies of Chinese commercial banks are significantly and negatively affected by liquidity risk. They further show that greater competition precedes declines in technical and pure technical efficiencies of Chinese commercial banks. The results suggest that Chinese bank efficiency is significantly affected by bank diversification, banking sector development, stock market development, inflation and GDP growth rate. The findings also indicate that, compared to state-owned commercial banks, joint-stock commercial banks and city commercial banks have lower technical and pure technical efficiencies.     

普惠型社会福利的中国理解

普惠型社会福利来自于对社会福利模式的最初划分。在社会福利由"补缺型"到"普惠型"转变的过程中,在学界和各级政府层面,无论是顶层设计还是政策实践,我们都在探索有中国特色的普惠型社会福利模式。普惠型社会福利从提出、引入到本土化经历了一个漫长的时期,在我国经济高速发展但人均经济发展水平还很低的情况下,构建怎样的社会福利发展模式并有效地付诸实践成为我国社会福利发展的突出问题。在建立覆盖城乡和全民共享的社会福利体系的背景下,适度普惠型社会福利模式在中国应运而生。