合格境外机构投资者与企业绩效

选取2007—2016年的A股上市公司作为研究样本，考察了合格境外机构投资者持股对企业绩效的影响。研究发现，合格境外机构投资者持股比例与企业绩效显著正相关，即能有效提高企业绩效。还进一步考察了终极控制人性质对合格境外机构投资者与企业绩效之间关系的影响，经验证据表明，与民营企业相比，合格境外机构投资者对国有企业的绩效影响更加显著。     

Does community social embeddedness promote generalized trust? An experimental test of the spillover effect

Despite the theoretical relevance attributed to the spillover effect, little empirical research has focused on testing its causal validity. Addressing this gap in the literature, I propose a novel experimental design to test if the overall density of social links in a community promotes trustworthy and trusting behaviors with absolute strangers. Controlling for social integration (i.e. the individual number of social connections), I found that density fosters higher levels of trust. In particular, results show that people in denser communities are more likely to trust their unknown fellow citizens, encouraging isolated subjects to engage with strangers. However, evidence did not support the idea that community social embeddedness causes an increase of trustworthiness, indicating that the spillover effect works only with respect to trust.     

北洋政府时期的劳动立法问题探析

中国的劳动立法开始于20世纪20年代的北洋政府时期。这一时期，迫于工人运动的压力，政府相继出台了工厂法、矿山交通劳动法、工会组织法、劳工福利法等方面的法规。这些劳动立法，从理论和制度层面上来讲是一大进步。然而，北洋政府制定劳动法规的根本目的是为了抑制工人反抗，调和劳资矛盾，维护统治秩序，并未想从根本上改变劳工的劳动和生活状况及其社会地位。因此，北洋政府时期劳动立法的实施成效欠佳，其制度的建设意义远大于对工人保障的实际意义。     

城市人力资本外部性的识别——基于工业企业生产率视角的研究

人力资本外部性的存在具有重要的现实意义,它是政府进行教育投资和人力资本投资的重要决策依据.文章从工业企业生产率视角识别城市人力资本外部性,基于中国工业企业微观数据、人口普查分县资料和地级市统计数据,考虑城市人力资本变量的内生性后,采用两阶段最小二乘法,实证研究城市人力资本对工业企业生产率的影响.研究发现:在控制企业自身的人力资本后,城市大专以上学历人口占比越高,工业企业的产出越高,人力资本的溢出效应显著,且人力资本正外部性主要存在于人口规模300万以上的大城市.从工业内部看,行业内人力资本正外部性随城市规模扩大逐渐增强,而行业外人力资本正外部性随城市规模扩大逐渐减弱.从企业异质性看,高新技术企业、非国有企业和大企业从城市人力资本提高中获得的正向溢出效应更大.此外,城市外商直接投资和地方政府财政支出越高,地理区位距离港口越远,越不利于工业企业产出的提高.文章的研究结论表明增加人力资本投资,促进人力资本结构升级,发挥大城市人力资本溢出效应对新时期经济可持续增长尤为重要.     

房价对企业技术创新产出的成本效应与投资效应研究——基于A股上市公司数据的实证分析

文章将房价对企业创新水平的影响归结为"成本效应"及"投资效应"两种影响机制，并分析了房地产价格、房产性投资行为、房产性投资的深化以及企业技术创新产出之间的关系。文章的创新之处在于，将创新要素投入和创新管理水平作为中介变量，从理论和实证两方面检验房价和创新产出的关系。基于提出的理论观点利用A股上市公司数据，对研究假设进行了实证研究，得到如下结论：房价对企业技术创新水平的影响机制至少是通过"成本效应"与"投资效应"两条渠道实现的；房价对企业技术创新水平的"成本效应"是通过技术创新投入作为中介对技术创新成果产生影响；房价对企业技术创新水平的"投资效应"是通过技术创新管理水平作为中介对技术创新成果产生影响；未能证实房产性投资会挤压上市公司技术创新投入。文章的研究结论具有以下重要政策启示意义：应当重视房地产价格对企业技术创新产出的"成本效应"。在新旧动能转换的背景下，创新人才的稀缺性提高了其在劳动力市场的议价能力，作为生活必需品的房屋价格上涨，会导致创新人才的劳动力价格随之上涨，这势必加大企业技术创新投入的负担，影响企业的转型升级和长期发展质量；A股企业的房地产投资并未挤压技术创新投入，但降低了企业创新的效率。在政策上，应当制定相关技术创新效率的考察指标，促进骨干型企业重视其创新效率的提升。     

Education,cognitive ability,and cause-specific mortality: A structural approach

Education is negatively associated with most major causes of death. Prior work ignores the premise that cause-specific hazards are interdependent and that both education and mortality depend on cognitive ability. We analyse Swedish men aged 18–63, focusing on months lost due to specific causes—which solves the interdependence problem—and use a structural model that accounts for confounding due to cognitive ability. In a standard Cox model controlling for Intelligence Quotient, improving education is associated with large decreases in mortality for major causes of death. In the structural model, improving education is associated with a small decrease in months lost for most causes and education levels. Among the least educated, however, improving education strongly reduces the months lost, mainly those lost from external causes, such as accidents and suicide. Results suggest that conventional analysis of education and mortality may be biased, even if accounting for observed cognition.     

From the Digital Divide to the Connectivity Dividend Difference: A Connectivity Capital Perspective*

The access divide was once the basic form of the digital divide. The development of Internet infrastructure has narrowed the access divide and increased application coverage, but it has also touched off a connectivity dividend difference. Taking the online market as an example, we examine the sources of the dividend difference and the factors influencing it with in a connectivity framework. We found that the narrowing of the access divide has resulted in enhanced connectivity and platform development, giving people the chance to benefit from transforming the various assets in which they have previously invested into differentiated compound connectivity capital. In the course, the scale and rate of the conversion are affected by two multiplier effects and especially by online platforms. The process is ultimately expressed in the dividend difference.     

The effect of media sexism on women’s political ambition: evidence from a worldwide study

This paper presents results from one of the first global studies on the relationship between media sexism and the share of candidates for the lower chamber of national parliaments who are women. Data on media sexism come from the Global Media Monitoring Project, the most reliable worldwide source for media coverage from a gender perspective. The data on share of female political candidates come from the Inter-Parliamentary Union. The results show that that there is, even when controlling for the number of women in parliament, electoral system, gender quotas, level of human development, level of women’s rights, freedom from corruption, and media access, a significant relationship between media sexism—measured as (i) the share of all news subjects that are women and (ii) the share of all news subjects portrayed in the function of experts who are women—and the share of women candidates for parliament: the higher the level of media sexism, the lower the share of women candidates. The theory discussed zooms in on a bystander effect: We hypothesize that sexist portrayals of women in the media stifle ambition among women who, in a less sexist media environment, would be willing to stand as political candidates.     

Do public relations practitioners perceptually share ingroup affiliation with journalists?

Upwards of 200 studies over the past hundred years have reported on the relationship between public relations practitioners and journalists. However, no experiment has compared the group members’ perceptions when seeing their roles in action. Inspired by frameworks of social identity theory, intergroup deception, and the black sheep effect, we test how public relations practitioners and journalists respond to a crisis communication media interview. In our experiment, a company spokesperson either answers questions or engages in stereotypical “spin,” which journalists historically consider one of the most offensive public relations strategies. Results indicate that public relations practitioners align with journalists in their perceptions of a spokesperson’s trustworthiness and the organization’s trustworthiness across treatment conditions. Practitioners also manifest the black sheep effect, disliking their group representative engaging in deception. Furthermore, we explore whether the effects on perceptions of trustworthiness are moderated by psychological identification with their respective industry. Discussion concerns the theoretical and practical ramifications of the groups sharing ingroup affiliation, contrary to prevailing notions of acrimony.     

农业机械化服务对粮食生产成本效率的影响——来自中国小麦主产区的经验证据

运用超越对数SFA模型测算1994—2016年中国15个小麦主产地区成本效率，继而构建空间杜宾计量模型考察农业机械化服务对小麦生产成本效率的直接影响与空间溢出效应。结果表明：中国小麦生产成本效率仍存在17.3%的损失；农业机械化服务对小麦成本效率具有正向显著的直接效应和空间溢出效应，即本区域农机化水平对其他区域小麦成本效率有显著的正向影响；从空间维度来看，农业机械化的空间溢出效应主要表现在经度相近地区之间，纬度相近地区之间并不显著；从时间维度看，2004年前后农业机械化的空间溢出效应具有明显差异，2004年之后空间溢出效应更加明显。据此提出农机补贴向农机服务组织倾斜，建设和推广农机信息平台以及作物种植沿经度布局的政策建议。