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Based on the Strategy-Structure-Performance (SSP) framework and Organizational Information Processing Theory (OIPT), this study examines how relational governance (RG) mediates the relationship between agile supply chain strategy (ASCS) and ambidextrous innovation performance (including exploratory innovation performance (EXIP) and exploitative innovation performance (EIIP)). Additionally, it inve...
Few studies have examined how external events that disrupt the economy impact entrepreneurial passion. To address this gap, we focus on two event aspects: event novelty and event disruption. We examine their impact on entrepreneurial passion under two contingencies: innovation capability and future orientation. We conducted a field survey study with government initiatives as the focal event (Study...
数字经济的持续快速增长，已成为推动我国制造业高质量发展的重要力量。文章基于长三角城市群41个地级及以上城市2012—2021年面板数据，利用耦合协调度模型与空间杜宾模型，考察了数字经济与制造业高质量发展的耦合协调时空演化特征及其影响因素。结果表明：(1)数字经济与制造业高质量发展的耦合协调度不断增强。从整体上看，长三角城市群数字经济与制造业在时序演化特征方面呈现高度耦合协调发展趋势；从城市层面看，其呈现出明显的...
The alarmingly high level of local government debt (LGD) in China threatens the financial stability, fiscal system, and sustainability of China's economic success. This study provides a comprehensive and in-depth understanding of the evolution and causes of LGD expansion by investigating institutional details, developing conceptual frameworks through economic and institutional lenses, and...
Human mobility prediction is the fundamental problem in studying human social behaviors. However, current approaches overlook the dynamic physics processes inherent in the movement of human, especially in an ever-changing temporal environments. In this work, we propose a physics-informed spatial-temporal prediction network (Physics-ST) for human mobility prediction. Specifically, we employ the ass...
Abstract:PurposeThis article aims to unfold digital servitization by exploring the key resources and resource orchestration (i.e. resource configuration and interaction).Design/methodology/approachThis article conducted an explorative two-stage research strategy of Chinese servitized manufacturers using a preliminary case study and fuzzy-set Qualitative Comparative Analysis (fsQCA) design. The dat...
金融基础设施是金融市场稳健高效运行的基础性保障，是实施宏观审慎管理和强化风险防控的重要抓手。根据2020年3月中国人民银行联合六部委印发的《统筹监管金融基础设施工作方案》（以下简称《方案》），金融基础设施指为了各类金融活动提供基础性公共服务的系统及制度安排，在金融市场运行中居于枢纽地位，是金融市场稳健高效运行的基础性保障。根据《方案》，金融基础设施主要类型包括：金融资产登记托管系统、清算结算系统（包括...
This paper studies social interaction models with both in-group and out-group effects. The ingroup effect follows the standard setup in the literature, while the out-group effect is introduced by assuming the economic outcome also depends on its out-group average value. We present a network game with limited information of outside groups that rationalizes the econometric model. We show that ...
We add to the emerging literature on empirical asset pricing in the Chinese stock market by building and analyzing a comprehensive set of return prediction factors using various machine learning algorithms. Contrasting previous studies for the US market, liquidity emerges as the most important predictor, leading us to closely examine the impact of transaction costs. The retail investors’ dominati...
In this article, we introduce a new command, cspa, that implements the conditional superior predictive ability test developed in Li, Liao, and Quaedvlieg (2022, Review of Economic Studies 89: 843–875). With the conditional performance of predictive methods measured nonparametrically by the conditional expectation functions of their predictive losses, we test the null hypothesis that a benchmark mo...
This paper empirically investigates how customer email engagement affects the profitability of subscription service providers and retailers. They have been using email engagement to increase customer retention. However, it is unclear whether email engagement improves their profitability. The existing literature focuses on email engagement’s benefit of customer retention but ignores its associated...
利用中国健康与养老追踪调查(CHARLS)数据与北京大学数字普惠金融指数，本文研究了数字金融发展对我国老年人群金融风险资产投资行为的影响。研究发现，数字金融发展能够显著提升我国老年人群投资金融风险资产的概率和金额，进而有助于提高其财产性收入。数字金融发展对于受教育程度较高、居住于城镇和东部地区的老年人群具有更大的促进作用，这表明相关影响可能受限于“数字鸿沟”。此外，本文还发现数字金融发展所导致的金融服务便...
