Cross-national differences in stakeholder management: Applying institutional theory and comparative capitalism framework

Drawing upon the research in institutional theory and comparative capitalism, the present study investigates how cross-national differences in the political, business, and economic institutional contexts of the United States, Italy, and Japan are associated with the ways in which companies in each of these countries prioritize and engage in their stakeholder engagement activities (SEAs). Using Porter and Kramer's framework, which classifies corporate social responsibility (CSR) activities as falling into four categories (good citizenship, mitigating harm from value chain, transforming value chain activities, and strategic philanthropy), we investigate how companies in the United States, Japan, and Italy prioritize and engage in these four SEAs. An analysis of data collected from 340 companies across these countries reveals that while companies in each of these three countries undertake the four types of SEAs, the prioritization and prevalence of the four types of SEAs vary from one country to the other, in ways that align with the prevailing institutional contexts of each country. The results contribute to a more nuanced understanding of why and how companies' approaches to CSR differ across countries. From a practitioner's perspective, the findings highlight the cultural specificity of CSR, implying that despite the global nature of CSR, the implementation of CSR needs to be tailored to a country's context.     

The influencing factors of satisfaction and lending intention in online lending investment: an empirical study based on the Chinese market

This paper develops a platform‐based influencing factors model which considers value perception, risk prevention measure, non‐default experience, trust and incentive gap, to better examine the impact of platforms on investors’ satisfaction and lending intention based on the Chinese market. The results reveal that the first four factors positively influence the satisfaction of the investors, while the incentive gap has a negative impact, and there is a positive association between investors’ satisfaction and lending intention. Some specific features of China’s online lending market are identified, which provides valuable insights for online lending platforms and the government.     

Impulse response function analysis of the impacts of land value-added tax policy on government performance

In this study, an epsilon-based network data envelopment analysis is employed to construct assessment mechanisms for government performance. Moreover, performance indicators of two dimensions of tax collection efficiency and financial effectiveness are measured. We propose a vector autoregression model in which all economic variables are regarded as dependent variables to address the disadvantages of traditional regression model. The conclusions are as follows: (a) measures of tax collection efficiency deteriorated, whereas those of financial effectiveness improved. (b) In an impulse response analysis of the model, an increase in government-published land values produced significantly increased tax collection efficiency.     

Volatility forecasting: long memory,regime switching and heteroscedasticity

In this article, we account for the first time for long memory, regime switching and the conditional time-varying volatility of volatility (heteroscedasticity) to model and forecast market volatility using the heterogeneous autoregressive model of realized volatility (HAR-RV) and its extensions. We present several interesting and notable findings. First, existing models exhibit significant nonlinearity and clustering, which provide empirical evidence on the benefit of introducing regime switching and heteroscedasticity. Second, out-of-sample results indicate that combining regime switching and heteroscedasticity can substantially improve predictive power from a statistical viewpoint. More specifically, our proposed models generally exhibit higher forecasting accuracy. Third, these results are widely consistent across a variety of robustness tests such as different forecasting windows, forecasting models, realized measures, and stock markets. Consequently, this study sheds new light on forecasting future volatility.     

超常发展再铸辉煌--上海港集装箱运输发展回顾与展望

2002年,上海港创造了一个新纪录——集装箱吞吐量完成861万TEU,比上年634万TEU增长35.8%,超越高雄港而成为排名世界第四位的集装箱港口。这一辉煌业绩标志着作为我国大陆最大的国际通航港口又向国际航运中心建设的目标迈出了一大步。上海港集装箱吞吐量的发展是超常的。近10年来,它都以年均28%的增长率攀升。1994年突破100万达到119.9万TEU,从1997年至2001年的5年里,每一年都突破一个大数,分别超越200万、300万、400万、500万和600万TEU,2002年则跃升双百万,达到861万TEU。这是上海港集装箱运输发展史上前所未有的。它超常发展的巨大…     

Regional economic performance in China1

This paper investigates convergence patterns among China's provinces using GDP data for the period 1952–97. We analyze convergence behaviour on the basis of Markov chains proposed by Quah (1993 ) and the generalized entropy decomposition proposed by Shorrocks (1980, 1984 ). Both sets of results show similar evidence of convergence within the pre‐defined geo‐economic sub‐regions, but no evidence is found of convergence between the sub‐regions. This finding has important policy implications for regional economic development in China. JEL classification: C33, E20, O47.     

跨入新世纪的石油、能源和经济发展记"2001·北京--世纪石油论坛"

“2001·北京——世纪石油论坛”于10月23～24日在北京举行。论坛由国家经贸委主办,中国石油天然气集团公司、中国石油化工集团公司、中国海洋石油总公司和中国化工进出口总公司协办,国家经贸委经济研究中心和3E信息咨询公司承办。这是在“9·11”恐     

征占用林地生态公益林价值评估的探讨

国家重点工程建设常常需要征占用生态公益林的林地.在进行补偿时,如何评估此生态公益林林木的价值呢?不同评估方法,其评估价值有很大的差异.本文将征占用林地的天然生态公益林的评估价值定为以培育中径材为目标的同类林分用材林评估价值的三倍至五倍.作者认为这样的评估价值最接近现行市场交易价,能够为征占用单位和林木所有者所接受.