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2014 International Conference on Management Science & Engineering 21th Annual Conference Proceedings最新文献

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The relationship of macroeconomy and the Treasury yield curve: evidence from China 宏观经济与国债收益率曲线的关系:来自中国的证据
Huiyan Dong, Shou-yang Wang
The joint behavior of the Treasury yield curve and macroeconomic variables is important for bond pricing, investment decision and policy making. The empirical analysis has been carried out for mature markets like U.S., and in this paper we focus on China, an emerging market with an immature bond market. Through the Principle Component Analysis, we extract the level, slope and curvature factors from the Treasury yield curve and inflation factor and real economic activity factor from a set of macro variables. Structural VAR model is used to analyze their relationship. The impulse respond result shows that the inflation and real economic activity have significant influence on the level, slope and curvature factors of yield curve, and vice versa. The monetary policy can affect the three factors of yield curve, but cannot be influenced by any of them.
国债收益率曲线与宏观经济变量的共同行为对债券定价、投资决策和政策制定具有重要意义。实证分析是针对美国等成熟市场进行的,本文主要针对债券市场不成熟的新兴市场中国。通过主成分分析,从国债收益率曲线中提取水平、斜率和曲率因子,从一组宏观变量中提取通货膨胀因子和实体经济活动因子。采用结构VAR模型分析两者之间的关系。脉冲响应结果表明,通货膨胀和实体经济活动对收益率曲线的水平、斜率和曲率因子有显著影响,反之亦然。货币政策可以影响收益率曲线的三个因素,但不能受其中任何一个因素的影响。
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引用次数: 0
Study on improving paths of industrial independent innovation capability and the selection method: From the perspective of industrial alliance 产业自主创新能力提升路径及选择方法研究——基于产业联盟视角
Wang Hong-qi, Li Li, Wu Jian-long, Wang Shan-shan
The core innovation advantage of industrial alliance is the foundation and direction to improve industrial independent innovation capability. Firstly, the industrial alliance classification and corresponding functional orientation of industrial innovation is analyzed, and then, the improving paths of industrial independent innovation capability based on industrial alliance are designed. Secondly, identification index system of core innovation advantage of industrial alliance is constructed, as well as quantization standards and rules before building the selection framework of improving paths of industrial independent innovation capability. At last, empirical study on improving paths selection is conducted by taking key areas of new material industry in Heilongjiang province as an example. Generally, this research aims to provide theory and method guidance to improve industrial independent innovation capability through industrial alliance.
产业联盟的核心创新优势是提升产业自主创新能力的基础和方向。本文首先分析了产业联盟的分类及相应的产业创新功能定位,然后设计了基于产业联盟的产业自主创新能力提升路径。其次,构建产业联盟核心创新优势识别指标体系,量化标准和规则,构建产业自主创新能力提升路径选择框架;最后,以黑龙江省新材料产业重点区域为例,对优化路径选择进行了实证研究。总体而言,本研究旨在为通过产业联盟提升产业自主创新能力提供理论和方法指导。
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引用次数: 0
A behavioral study on the value of elasticity of marginal utility in environmental risks 环境风险下边际效用弹性值的行为学研究
C. Xie, Liu Yang, Sheng-xiang She
The choice of elasticity of marginal utility greatly affects time discount rate, and is thus key parameter in welfare analysis across generations. This research elicits the value of elasticity of marginal utility with a behavioral experiment. Participants make behavioral decisions under environmental risks the experiment. Through the use of iso-elastic utility function, we derive elasticity of marginal utility. We find that the value of elasticity of marginal utility much lower than those used in existing literature. In addition, we notice that and people tend to overestimate the subjective probability of environmental risks in the experiment. A lower value of elasticity of marginal utility based upon real environmental behavior suggests a lower time discount rate. This is more preferable to make ethically motivated decisions on the welfare distribution across generations, and is more consistent with public attitudes.
边际效用弹性的选择对时间折现率有很大影响,因此是跨代福利分析的关键参数。本研究通过行为实验得出边际效用弹性的价值。实验中,参与者在环境风险下做出行为决定。利用等弹性效用函数,导出了边际效用的弹性。我们发现边际效用弹性值远低于现有文献中使用的弹性值。此外,我们注意到,在实验中,人们倾向于高估环境风险的主观概率。基于真实环境行为的边际效用弹性值越低,时间折现率越低。这更有利于对福利的代际分配做出合乎道德的决定,也更符合公众的态度。
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引用次数: 0
Impact of the fitness between business strategy and HRM system on sustained competitive advantage 企业战略与人力资源管理系统的契合度对持续竞争优势的影响
Xu-Ting Long, Gao Su-ying, Liu Bing, B. Grami, Yu Hui
Based on contingency theory and the resource-based view of firms, this paper summarizes hypotheses of Business strategies, HRM systems and sustained competitive advantage of firms, and uses the data from 263 Chinese listed companies to empirically test for the hypotheses. The results show that companies that pursue different business strategies implement different HRM systems to match with them. Those that pursue cost leadership strategy would implement external HRM system, and those that pursue differentiation strategy tend to implement internal HRM system. Moreover, companies whose HRM system matches with business strategy do not have necessarily higher short-term performance while companies whose HRM system matches with business strategy always have higher long-term performance than those whose HRM system does not match.
本文基于权变理论和企业资源基础观,总结了企业战略、人力资源管理系统和企业持续竞争优势的假设,并利用263家中国上市公司的数据对假设进行了实证检验。结果表明,追求不同商业战略的公司实施不同的人力资源管理系统来与之相匹配。追求成本领先战略的企业倾向于实施外部人力资源管理制度,而追求差异化战略的企业倾向于实施内部人力资源管理制度。此外,人力资源管理制度与企业战略相匹配的企业不一定具有更高的短期绩效,而人力资源管理制度与企业战略相匹配的企业往往比人力资源管理制度不匹配的企业具有更高的长期绩效。
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引用次数: 1
Relations with non financial listed companies financing structure and corporate performance 非金融类上市公司融资结构与公司绩效的关系
Gao Yan-ru, Lan Hui, L. Liang
Financing structure is reasonable or not is critical to the company's performance. In this paper, take the relationship between non financial sectors of the financing structure of listed companies and corporate performance as the main object of study, from both theoretical and empirical levels explores the impact of China's non financial sectors financing structure of listed companies on corporate performance. This paper chooses 193 non-financing sectors listed companies of Shanghai and Shenzhen stock exchanges as samples, conducts an empirical test on the relationship between financing structure and corporate governance performance from 2010 to 2012. The results of empirical test show that the equity financing ratio and operating performance of non financial sectors listed companies in China was a significant positive correlation; no significant linear relationship between the endogenous financing ratio and corporate performance; the debt financing ratio and operating performance is negatively correlated.
融资结构的合理与否对公司的业绩至关重要。本文以非金融部门的上市公司融资结构与公司绩效的关系为主要研究对象,从理论和实证两个层面探讨了中国非金融部门的上市公司融资结构对公司绩效的影响。本文以沪深交易所193家非融资类上市公司为样本,对2010 - 2012年融资结构与公司治理绩效之间的关系进行实证检验。实证检验结果表明,股权融资比例与中国非金融部门上市公司经营绩效显著正相关;内生融资比例与公司绩效之间没有显著的线性关系;债务融资比率与经营绩效呈负相关。
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引用次数: 1
Frank Johnson Goodnow's ideas on administrative reform and public administration reform in China—Reconsidering the book of politics and administration: A study in government 弗兰克·约翰逊·古德诺关于行政改革与中国公共行政改革的思想——对《政治与行政》一书的再思考:政府研究
Jun Liu
Politics and Administration: a Study in Government is not only the best work on the administrative study by Frank Johnson Goodnow, but one of the classics of the Science of Public Administration. More than one hundred years have passed, since this master's book was first read, we could not refrain from thinking that, it suddenly opens a door for us and enlightens us. What Frank Johnson Goodnow wrote during the so-called American Progress Time of industrialization, urbanization and modernization in this book, will quite inspire China, who's undertaking reforms concerning industrialization, urbanization and modernization. This essay is aimed at combing some of Goodnow's critical views and thoughts and interpreting them under the circumstances in China, so as to find the value of reference to Chinese reforms. Particularly his opinions on the conditions of state, functions of state, roles of political parties, relations between central and local governments and dichotomy on politics and administration, are still shining with the light of wisdom, which indicate our exploration to reform and advance.
《政治与行政:政府研究》是弗兰克·约翰逊·古德诺在行政研究方面的最佳著作,也是公共行政学的经典著作之一。一百多年过去了,自从这位大师的书第一次被读到,我们不禁想,它突然为我们打开了一扇门,启发了我们。弗兰克·约翰逊·古德诺在这本书中所写的所谓工业化、城市化和现代化的美国进步时期的内容,对正在进行工业化、城市化和现代化改革的中国有很大的启发。本文旨在梳理古德诺的一些批判观点和思想,并结合中国的具体情况进行解读,以期找到对中国改革的借鉴价值。特别是他关于国家国情、国家职能、政党作用、中央与地方关系、政治二分法等方面的见解,至今仍闪耀着智慧之光,为我们的改革探索和前进指明了方向。
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引用次数: 0
International comparison and influencing factors of public investment in education—A case of 41 countries 公共教育投资的国际比较及影响因素——以41个国家为例
Tiancheng Zhou, Xin-feng Liu, Zhong-xia Zheng
In our study, “the ratio of public education expenditure to gross domestic product” was selected as an index to value a country's educational investment level, the public investment in education data of more than 41 countries from 2003 to 2012 years were compared. Based on the compared data, using the regression analysis method, we forecast the public investment in education of the world countries in the next five years, we found that national economic development, national policy, developmental of science and technology and social contribution all would influence the public investment in education of the countries in the world.
在我们的研究中,选择“公共教育支出占国内生产总值的比例”作为衡量一个国家教育投资水平的指标,比较了41多个国家2003年至2012年的公共教育投资数据。在比较数据的基础上,运用回归分析方法对未来5年世界各国的公共教育投入进行了预测,发现国家经济发展、国家政策、科学技术发展和社会贡献等因素都会影响世界各国的公共教育投入。
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引用次数: 0
Can service blueprinting be applied to innovation policy implementation? 服务蓝图能否应用于创新政策的实施?
Xuerong. Xia, Kieron Flanagan
This paper explores the potential application of blueprinting, a public service innovation tool, to the design and implementation of innovation policy. Firstly, we briefly summarize some problems often encountered in existing innovation policy processes, especially in less developed countries. Studies suggest that oversimplification and incompleteness of specification of implementation are common problems. Then, we consider blueprinting as an instrument for checking existing policy to improve it and to support the design of new policy systems, taking the example of innovation voucher schemes to show how it could work. We look in particular at the Netherlands innovation voucher system as an example to show how successful policy making processes often consider the five aspects which are the basic components for blueprinting. Based on this case, the pros and cons of the instrument used in policy design and implementation are considered.
本文探讨了公共服务创新工具蓝图在创新政策设计与实施中的潜在应用。首先,我们简要总结了现有创新政策过程中经常遇到的一些问题,特别是在欠发达国家。研究表明,过度简化和不完整的实现规范是常见的问题。然后,我们将蓝图视为检查现有政策以改进其并支持新政策系统设计的工具,并以创新券计划为例说明其如何发挥作用。我们特别以荷兰的创新券制度为例,说明成功的政策制定过程往往考虑到作为蓝图基本组成部分的五个方面。在此基础上,对政策设计和实施中使用的工具的利弊进行了考虑。
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引用次数: 0
Breaking the existing regional technological regime with effective policy-making: A case study on New-energy Vehicle Manufacturing in Jilin Province 以有效的政策制定打破现有的区域技术体制——以吉林省新能源汽车制造业为例
Xi Xi, Zhao Jian-yu
This article contributes to the policy-making of regional sector by studying into a specific case of New-energy Vehicle Manufacturing in Jilin Province. During the forty years ever since energy crisis stroke this planet in 1970s, many countries and regions have been searching for ways of altering traditional energy into new energy, namely changing the existing technological regime in some certain regions. The objectives of the research are to utilize Bergek et al. (2008)'s policy-designing framework into China's empirical practice and attempt to carry out effective suggestions to the policy-making process. To investigate this, empirical investigations was taken into New-energy Vehicle Manufacturing in Jilin Province and a network is constructed. Results imply that there are some inducement mechanisms as well as blocking mechanisms in the sectoral innovation system in the region. Thus five aspects of policy issues suggested are addressed in this research based on the mechanisms. It is concluded that policy-designing framework done by Bergek et al. is an efficient policy-making tool for regional sectoral innovation system. The case study used in this article could provide references for policy-making process of New-energy Vehicle Manufacturing in Jilin Province.
本文通过对吉林省新能源汽车制造的具体案例进行研究,为区域部门的政策制定提供参考。自20世纪70年代能源危机爆发以来的40多年里,许多国家和地区一直在寻找将传统能源转化为新能源的途径,即改变某些地区现有的技术体制。本研究的目的是将Bergek et al.(2008)的政策设计框架运用到中国的实证实践中,并试图对政策制定过程提出有效的建议。为此,本文对吉林省新能源汽车制造业进行了实证调查,并构建了实证网络。研究结果表明,区域产业创新体系存在一定的诱导机制和阻碍机制。因此,本研究在机制的基础上解决了五个方面的政策问题。Bergek等人的政策设计框架是区域部门创新系统的有效决策工具。本文的案例研究可以为吉林省新能源汽车制造的决策过程提供参考。
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引用次数: 1
Exploring social commerce adoption in China: A uses and gratification perspective 探索中国的社交商务采用:一个使用和满足的视角
Xue Yang, Guoxin Li
As a new e-commerce paradigm, social commerce has resulted from consumers relying on the online recommendations of friends and acquaintances. To clarify Chinese consumers' social commerce intentions, we conducted an empirical study based on a uses and gratifications approach. The results indicate that perceived gratification from entertainment was found to be the strongest predictor of Chinese consumers' social commerce intentions. This is followed by the perceived gratification from information seeking, expressive information sharing, cool and new trends, and social interaction. However, neither gratification from escape nor passing time was found to be significant predictor. In addition, perceived gratification from information seeking has a stronger influence on consumers' social commerce intentions in females than in males, while perceived gratification from expressive information sharing has a stronger influence on consumers' social commerce intentions in males than in females. Theoretical and practical implications of these findings are discussed in the paper.
社交商务作为一种新的电子商务模式,是消费者依赖朋友和熟人的在线推荐而产生的。为了明确中国消费者的社交商务意图,我们基于使用和满足方法进行了实证研究。结果表明,娱乐感知满足是中国消费者社交商务意向的最强预测因子。其次是来自信息寻求、表达性信息分享、新潮潮流和社交互动的感知满足。然而,逃避的满足和打发时间都不是显著的预测因子。此外,信息寻求的感知满足对女性消费者社交商务意愿的影响强于男性,而表达性信息分享的感知满足对男性消费者社交商务意愿的影响强于女性。本文讨论了这些发现的理论和实践意义。
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引用次数: 15
期刊
2014 International Conference on Management Science & Engineering 21th Annual Conference Proceedings
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