金融发展、资产泡沫与实体经济: 一个文献综述

近年来的金融危机和不同国家的发展路径促使经济学家们反思资产泡沫与实体经济之间的关系。过去几年主流经济学中开始涌现出一些富有洞见的相关理论和实证文献。本文通过一条逻辑主线对基于这些文献的进展进行了系统评述。资产泡沫产生于金融市场的不完全性,它既影响实体经济的效率和增长,也影响实体经济的波动。其中,金融发展程度(金融市场的完全性)扮演了重要的角色。金融发展程度会影响到资产泡沫的产生;而资产泡沫既可以缓解经济中的扭曲,也可以加剧经济中的扭曲,使得经济增长偏离黄金律。制度质量则会强化金融发展程度的影响。金融发展程度与制度质量在开放经济的情况下,还会影响到资本在国际间的流向和结构,从而对实体经济的增长和波动产生更复杂的影响。本文中所综述的理论洞见对于中国这类金融市场欠发达、正面临金融自由化与结构转型的新兴市场经济体尤其具有重要的政策含义。本文最后讨论了中国金融改革和金融发展中需要注意的一些问题。     

Exploring the Nexus Between Work-to-Family Conflict,Material Rewards Parenting and Adolescent Materialism: Evidence from Chinese Dual-Career Families

Journal of Business Ethics - As a social issue of widespread concern, work-to-family conflict has been found to adversely affect employees’ work and family lives. The current research linked...     

企业社会责任导向下我国物流业税收政策研究

基于企业社会责任观,认为我国当前物流业的相关税收政策在引导企业履行社会责任方面存在差距,要使我国物流业健康、快速、长久地发展,物流业税收政策的设计要引导企业履行经济责任、法律责任、道德责任和慈善责任四个社会责任层次,通过对现状和问题的分析提出了政策设计的导向和措施。     

The role of the state in resolving business disputes in China

In this paper, we follow the theoretical framework proposed by Djankov et al. (2003) to investigate the role of the state in resolving business disputes and its impact on enterprise performance. Using a survey of private enterprises in China, we first construct an index to quantify the power of the state vis-à-vis the market in resolving business disputes, and then find that enterprises located in regions where the government has a greater relative power enjoy better performance. Our results suggest that the regulatory state has played a positive role in the economic transition in China.     

Institutions and FDI location choice: The role of cultural distances

Using an extensive data set on foreign invested enterprises (FIEs) in the Chinese mainland, we compare the sensitivities of the location choice of foreign direct investment (FDI) from six major source countries/areas (Hong Kong, Taiwan, US, EU, Japan and Korea) toward the variation in the strength of economic institutions across China's regions. It is found that FIEs from the source countries/areas that are culturally more remote from China often exhibit a stronger aversion to regions with weaker economic institutions. Moreover, this pattern is often more salient when FDI takes the form of fully-owned enterprises (FOEs) than when it takes the form of joint ventures (JVs).     

基于岭回归分析的山西省物流业发展实证研究

以山西省1990-2010年相关统计数据为依据,采用多元线性回归、多重共线性检验和岭回归估计的方法,建立了关于山西省货物运输周转量与GDP、社会消费品零售总额、进出口总额、固定资产在交通运输仓储邮电业的投资额等变量间的关系模型,定量地分析了山西物流业发展影响因素的具体边际水平,以对山西经济和物流业的未来发展提供决策参考.     

Japanese‐brand auto sales in China under the shadow of oppositional sentiments

This study uses the interstate political conflict in 2010 to study the impacts of oppositional sentiment on product sales of Japanese‐brand automobiles in China. By using the nationwide automobile registration data in China, we conduct difference‐in‐differences analysis and find direct evidence on Chinese consumers’ boycott of Japanese‐brand autos. It is individual buyers rather than business or government entity buyers that boycotted Japanese cars significantly. War memory, nationalist education, and protests contributed to the intensity of boycott activities, and the boycott effect was long‐lasting. Older‐generation buyers boycotted Japanese cars more significantly, but younger‐generation buyers living in cities with historical war experience or patriotic education bases boycotted Japanese cars more actively than their counterparts in other cities.     

Relationship between types of food choice motives and well‐being among young and middle‐aged Chinese adults

Food choice plays a vital role in people’s lives and well‐being, and this topic has received more research attention in recent years. The aims of the present research were to identify subgroups of participants who shared similar profiles of multiple motives for food choices, and examine differences across motive types on the well‐being of young and middle‐aged Chinese adults. Participants were 627 Chinese adults aged 18–58 years who completed questionnaire measures. The results of Latent Profile Analysis showed that based on the configurations among different motives for food choice, there were five profiles of food choice motives, corresponding to five types of Chinese adult consumers: unconcerned, mood oriented, weight control oriented, food enthusiast and health oriented. The food enthusiast consumers were more likely to include young adults with high‐income level and educational level, while the unconcerned consumers had a larger share of middle‐aged adults with low income. Results of ANOVA suggested that the types of food choice motives significantly predicted individuals’ well‐being. Specifically, the food enthusiast group had the highest level of well‐being, while the unconcerned group had the lowest level of well‐being. The other three groups had moderate levels of well‐being. The current study is the first to explore the potential influence of food choice motives on well‐being using a person‐centred approach, and the results have practical implications for public health authorities in developing effective interventions, for food companies in tailoring marketing campaigns and for individuals in optimizing food choices.