Expanding the two wings of social capital for value creation: strategic entrepreneurship of HTC, 1997–2008

This study draws on a historical, qualitative case study to explore how a leading Taiwanese high-tech mobile phone manufacturer, HTC, successfully and continuously manoeuvred the two wings of social capital – that is, structural social capital and cognitive social capital – to create value in its strategic entrepreneurial process between 1997 and 2008. Taiwan is a wide-spreading trust-based Chinese Confucian-influenced culture. The process of developing trust-based social capital for value creation consists of three central actions: identifying potential social capital, reinforcing cognitive social capital, and extending structural social capital. Our findings advance knowledge of trust-based social capital based on the perspective of strategic entrepreneurship for value creation and offer practical implications for the mobilisation of social capital. In sum, we suggest that firms could develop trust-based social capital considering business conditions to reduce possible risks or uncertainties of network management in an international arena.     

The Interaction of Wage Bargaining Institutions and an Independent Central Bank – A Methodological Reflection on Current Theories

The paper analyses the increasingly popular literature on strategic interactions from a methodological viewpoint. These political economy approaches focusing on interactions between wage bargaining institutions and an independent central bank do not follow unified methodological rules and so cannot be categorised under a single particular paradigm. Moreover, the literature remains in a way circumscribed by the limits of our logical capacities and of mathematical tractability and therefore relates to the 'real world' of wage bargaining and economic policy institutions in a very limited way only. A consideration of the vast complexity of institutional conditions that impact economic performance in EMU reminds and cautions one that actual economic policy research is able to cover only very few of the numerous conditions responsible for the overall outcome.     

High-quality bias in vertically differentiated oligopolies—a note on skills, trade, and welfare

In a vertically differentiated Cournot oligopoly where the high-quality variant of the good requires the use of high-quality labor, firms may either all supply the same quality or differentiate their product. In differentiated configurations the number of firms choosing to supply the high-quality variant is generally above the optimum. The opening of trade between symmetric countries entails a pro-competitive effect that raises welfare through a reduction in average quality. This result contrasts with previous findings concerning the opening of trade in vertically differentiated oligopolistic industries (Gabszewicz, Shaked, Sutton, and Thisse,International Economic Review 22 [1981]; Shaked and Sutton, in Kierzkowski, ed.,Monopolistic Competition and International Trade, Oxford 1984).     

The effectiveness of R&D subsidies

In this paper, the effectiveness of R&D subsidies is analyzed in an oligopolistic model that we apply to the cases of international R&D competition and cooperation. We find that the existence of asymmetric information among firms on whether a rival (or partner) is being subsidized or not may play a key role in explaining whether subsidies are effective or not in increasing R&D investments. In particular, it is shown that if the existence of the subsidy is made public (e.g. because strict information release regulation about R&D subsidies is enforced) and depending on the strategic relationship between the firms’ R&D efforts, an R&D subsidy could even hurt the subsidized firm.     

Federalism and Conflicts over Principalship. Some Insights into the American Constitutional History

The article provides an economic interpretation of Kelsen's theory of decentralized governments. It helps to distinguish different forms of federalism and in particular the corresponding conflicts of principalship inside the governmental structure. The model is applied to the early American constitutional history and shows how opposed views of agency relationships in the constitution foreshadowed what would later end up in a civil war.     

论中国经济发展模式及其转变

中国经济的成功与其采取的独特经济发展模式有关,这些模式概括为四个方面:增长优先、沿海先行、投资驱动和出口鼓励。这种模式在产生巨大成功的同时也带来了严重的问题,因此在新的历史阶段,这种发展模式必须转变:增长优先型应转为增长与公平并重,沿海先行转为平衡增长,投资驱动转为消费驱动,出口鼓励转为出口中性。实现模式转换需要树立科学发展观的理念,抛弃增长中心主义的思路,加快体制改革步伐和实施新的政绩考核体系。     

美俄竞逐南亚的战略及中国的对策

中美俄三国关系是当今世界最重要的大国关系,三国关系的发展对地区及世界的影响重大。美俄从各自的国家利益出发,在南亚地区进行博弈,以满足各自的战略需求。印度借力美俄之间的博弈,打压巴基斯坦,制衡中国,以实现其＂大国梦想＂。本文探讨了美国与俄罗斯竞逐南亚的战略需求以及中国的对策。     

安徽省战略性新兴产业上市公司成长性与财务绩效关系探析

深入研究安徽省战略性新兴产业上市公司成长性问题,对于促使其可持续发展无疑具有重要的现实意义。根据2006-2011年安徽省战略性新兴产业上市公司的年报数据,回归分析其公司成长性与财务绩效的相关关系。研究表明,安徽省战略性新兴产业上市公司成长性与财务绩效之间存在较为显著的相关关系;为此提出促进公司健康成长及优化公司财务绩效水平的政策建议。     

Analysis on the Management of Suppliers＇ Purchasing Partnership

This paper is about the study of purchasing cooperation with the supplier. It is through expanding some courses including demand analysis, choosing supplier, founding cooperation relationship formally and strengthening the cooperation, as well as several key questions, such as sourcing strategy, to estimate and select the supplier, authentication management, and purchase of technology.     

长株潭城市群战略性新兴产业集成创新模式研究——基于创新动因的视角

战略性新兴产业是发展低碳经济的支撑,集成创新是其创新的主导模式。通过分析战略性新兴产业的特点、现状和集成创新的优势,从创新动因角度探索了战略性新兴产业集成创新模式分为外力推动型和内力驱动型,其典型组织模式有官产学研、企业技术联盟等,其有效实施途径有建设工业园区、建设大学科技园、组建重点实验室等,并总结了长株潭城市群战略性新兴产业集成创新的成功典例。