Political connections and bank behaviour

Using disaggregated data on Indian state-owned banks, we study how political connections influence their lending behaviour. The findings indicate an overall credit expansion of 10% during election years for banks with political connections, driven by increased lending to agriculture and Small and Medium Enterprises. Further disaggregation reveals cycles in such lending driven by electoral considerations, primarily for banks with political connections. In turn, there is a gradual weakening in the asset quality of these banks. The net effect is manifest in lower productivity. The key policy implication is that electoral manipulation exerts significant economic costs.     

国际区域一体化发展战略研究综述

区域一体化是促进经济快速发展、转变国家和地区发展方式的重要经济形式。对国际区域一体化的概念进行详细阐述,基于新经济地理学的角度对区域一体化在推动国家和地区经济发展上起到的作用以及出现的问题进行分析。同时,对区域一体化和经济全球化的关系进行论述。区域一体化是经济全球化发展的重要桥梁,对促进全球经济格局转变、经济全球化以及贸易自由化具有重要意义。最后,针对区域一体化发展形式下对中国经济发展提出建议,对经济发展过程中面临的机遇与挑战进行分析,并对中国未来的经济发展进行展望。     

基于多元联系数集对分析模型的城市突发事件应急能力评价

针对城市突发事件应急能力评价问题,基于应急管理全过程理念,按照事前预防、事中处置和事后恢复3个方面建立城市突发事件应急能力评价指标体系。引入集对分析的五元联系数构建同异反评价模型对城市应急能力现状进行分析,通过五元联系数的偏联系数对潜在发展趋势进行预测,实现静态与动态分析的有效结合,为城市针对薄弱环节提升能力指明了方向。将模型应用于某城市进行实证分析,评价结果与实际情况进行比较,验证了该模型在城市突发事件应急能力评价中的可行性,可为其他城市突发事件应急能力评价提供参考。     

全球石墨烯产业创新组织网络关联研究

以全球120个创新组织2010—2019年的石墨烯产业联合申请专利数据为样本,借助UCINET软件,构建石墨烯产业合作创新关联网络,深入分析石墨烯产业网络演变,并详细讨论创新组织承担的中间人角色.实证研究表明:全球石墨烯产业技术创新合作规模不断扩大,中国创新组织在网络中的位置越来越重要,但主要分布在东部沿海城市;合作网络中的组织联系增长缓慢,导致整体网络密度较低;全球石墨烯产业技术创新合作由子群内部逐渐发展为子群内部和子群之间并存,地理距离的影响程度不断弱化;承担中间人角色的创新组织在网络中发挥了积极作用,但多数创新组织并未因此获益.     

海南省旅游业产业关联与发展效率研究

从产业关联以及发展效率两个方面对海南旅游业进行深入研究,采用灰色关联分析法计算产业间的相互关联度并进行排序,发现海南省旅游业与农业、工业、建筑业、批发零售业、住宿餐饮业、交通运输业等关联度普遍较高.同时,基于索罗余值法计算其全要素生产率,发现海南省旅游业在发展过程中,主要依赖资本投入带来的拉动作用,其次是技术进步贡献率,劳动力贡献率最低.最后根据研究结果提出意见.     

Corporate environmental disclosure and political connection in regulatory and leadership changes: The case of China

With a rapid increase of corporate environmental disclosure in developing countries, more attention is drawn to the extent to which this increase is influenced by corporate political connection. This paper focuses on China, a country experiencing increasing tensions between fast economic growth and heavy environmental pollution, complicated by high levels of political connections. A more important context in China is a historical leadership change entangled with significant regulatory reform to tackle corruption in 2013–14. Using hand-collected data from heavily polluting companies in 2012 and 2015 respectively, this study finds that there is a positive association between political connections of corporate chairmen and environmental disclosure levels in 2015 but not in 2012, suggesting that corporate disclosure behaviour has become more politically motivated after the regulatory and leadership change. There has been a significant improvement in environmental disclosure quality and this improvement is prominent in firms with politically connected chairmen. Although the regulatory change to eliminate corruption has led to substantial reductions in political connections of CEOs and senior executives, change associated with corporate chairmen is marginal. These results imply that the improvement of environmental disclosure is related more to the greater political intervention enabled by the leadership shift and power consolidation during the anti-corruption campaign than to the regulatory change to reduce political shield.     

Virtual reality is so cool! How technology innovativeness shapes consumer responses to service preview modes

Today’s hospitality brands often gain a competitive advantage through being cool and employing cutting edge technologies. Virtual Reality (VR) is one of the most novel tools to advertise brands, introduce new products/services, and draw customers. Despite the marketing potential of VR, there is scant research revealing the psychological processes associated with the use of VR as a cool technology. To bridge the gap in the current literature, this research examines how consumers with different degrees of technology innovativeness respond to marketing of hospitality brands through three main service preview modes: VR, static images, and 360° tour. The findings from a lab experiment show that as consumers’ technology innovativeness increases, VR boosts self-brand connection that consequently elevates their visit intentions toward the hotel brand. The findings from this study would help hospitality marketers better target their efforts at a specific consumer segment.     

财务报告问询函对会计稳健性的影响:直接效应与溢出效应

基于非处罚性监管的视角，考察财务报告问询函对收函公司会计稳健性的直接效应，以及与收函公司具有联结关系的公司会计稳健性的间接影响即溢出效应。结果发现：财务报告问询函能提高收函公司的会计稳健性，并对与收函公司具有审计师联结和高管联结关系的上市公司（简称“关联公司”）的会计稳健性产生积极的监管效应；正式制度与非正式制度的异质性会导致问询函监管效应的差异，即在交易所监管力度较强和社会信任环境更好时，财务报告问询函对收函公司及具有审计师联结关系的关联公司的会计稳健性影响更明显，但对具有高管联结关系的关联公司的会计稳健性影响并不显著。     

外包缩口钢套螺栓连接节点力学性能试验研究

为了解决传统混凝土装配式梁柱节点区域构造复杂,钢构件凸出影响空间布置等问题,提出一种采用端板螺栓连接的外包缩口钢套筒形式梁柱节点。设计并制作了3个装配式节点试件和1个作为对比试件的现浇节点试件,通过进行梁柱节点的单调加载试验,探究该节点的破坏模式和各项力学性能指标。结果表明：装配式节点的主要破坏模式为梁端的弯曲破坏,核心区钢套筒未发生明显破坏;缩小套筒和加劲肋的厚度差距,能有效确保试件的整体力学性能,提升节点协同转动能力;装配式试件峰值承载力分别比现浇试件提高22.7%,19.7%和13.8%,且延性系数均为3.47～3.73。研究提出的装配式节点具有安装简单,承载能力优于现浇节点,且后期可实现梁的拆换等特点,可为同类装配式节点在工程中的应用提供一定的参考。