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28 June 2017, Volume 29 Issue 6 Previous Issue    Next Issue

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Manager's Effort Level and Corporate Investment and Financing Policies under Heterogeneous Beliefs Niu Weining, Liu Shancun, Yu Mei 2017, 29 (6):  3-12.  Abstract ( 236 )   PDF (1206KB) ( 523 )   The paper builds a framework to analyze the relationship between the investment and financing policies of a company and the level of efforts made by the company's manager when heterogeneous beliefs exist in the company.It concludes that when heterogeneous beliefs exist between the manager and outside investors and also among outside investors,if optimistic outside investors hold a larger proportion of stakes,then the more optimistic they are and the more heterogeneous their beliefs are,the lower level of effort the manager will make and the smaller investment will be made;in contrast,if pessimistic outside investors hold a larger proportion of stakes,then the more pessimistic they are and the more heterogeneous their beliefs are,the higher level of effort the manager will make and the larger investment will be made.Equity financing can bring more wealth to the manager,but higher level of effort is required.Numerical simulation results confirm the theoretical findings.The research implications provide important reference for manager to make reasonable financial policies and for investors to make scientific investment decisions. References | Related Articles | Metrics

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Determinants of Lending Behaviors in Online P2P Lending Market:Based on the Lending Data of PPDai.com Liu Qiaoli, Wen Haoyu, Qin Hong 2017, 29 (6):  13-22,52.  Abstract ( 252 )   PDF (1088KB) ( 1178 )   Online peer-to-peer (P2P) lending has experienced rapid growth since its inception.It satisfies the loan demand of small micro enterprises and low-income borrowers.In addition,it provides good investment for idle social funds.This study collects 51,458 listing data from PPDai.com to explore the main influential factors of lending behaviors using binary logistic regression models.Furthermore,we test the effects of P2P platform's credit evaluation mechanism on P2P lending behaviors.These results show that risk rating,review,photos,borrower's identity and age have significant impact on P2P lending.We also find that borrowing credit score,lending credit score and identity verification have a positive effect on lending behaviors.The results provide a related theory basis for investors' decision-making and the improvement of P2P network credit platform.The findings have significant managerial implications on the sustainable development of online P2P lending pattern. References | Related Articles | Metrics

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Impacts of Transaction Costs on Cost Saving Effect of Carbon Trading Market in China Cui Lianbiao, Duan Hongbo, Xu Jinhua 2017, 29 (6):  23-31.  Abstract ( 254 )   PDF (348KB) ( 612 )   Transaction costs play a significant role in cost saving of carbon trading market.In this paper,we develop an inter-provincial carbon-trading model to theoretically examine the relationships between transaction costs and equilibrium carbon price and trading volumes,and empirically analyzing the impacts of transaction costs on cost-effectiveness of China's carbon trading market.We find a positive relationship between equilibrium carbon price and transaction costs,and a negative relationship between transaction costs and trading volumes.Specifically,increase of the transaction cost by each unit leads the equilibrium price to increase by 0.57 Yuan and the trading volume to decrease by 0.31 million tons.Besides,the rising of transaction costs heavily restrains the trading initiative of market agents,then weakens the cost-effectiveness of permits trading market.As the transaction cost increases,Tianjin and Shanghai would be the first two agents staying out of the trading market;if the marginal transaction cost crosses the threshold of 70 Yuan per ton of CO2,the trading market will be in failure.This paper emphasizes the importance of transaction costs in mechanism design of carbon trading market,and indicates the policy makers should pay attention to the transaction costs for establishing the national united carbon trading market in the future. References | Related Articles | Metrics

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Research on the Credit Availability of Farmer Households and the Optimal Amount of Credit:Based on the Collateral Substitution of Agricultural Insurance Ren Le, Wang Xingyu, Zhao Hui 2017, 29 (6):  32-42.  Abstract ( 248 )   PDF (1064KB) ( 388 )   Based on the agricultural insurance related literature review,this paper builds models from the borrower (i.e.farmer household) and the lender (i.e.financial institutions)'s welfare maximization perspective,analyzes the intrinsic mechanism of agricultural insurance as collateral substitution and rural credit in-depth,and puts forward the corresponding hypotheses.Then,this paper further uses the survey data of farmer households in Henan for empirical test.Through the Logit regression model and Tobit regression model,it finds that the agricultural insurance as collateral substitution signal can effectively alleviate the credit rationing of farmer households,increase their credit availability and credit amount.The research results have important theoretical and practical significance for the better functioning of bank and insurance financing,the strengthening of rural inclusive financial services and the solving of problems in rural financial services. References | Related Articles | Metrics

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Analysis on the Mean-Variance Effect of Investors'Extreme Sentiment Dong Xiaowu, Zhang Xindong 2017, 29 (6):  43-52.  Abstract ( 281 )   PDF (1085KB) ( 415 )   By constructing the market sentiment index,this paper divides the investor sentiment into high,low and recovery periods,and investigates the influence of extreme sentiment on market mean-variance relationship.The results show that:in the whole sample period (Jan.2003-Jun.2016),there is no significant correlation between the market return (equal weight or circulation market value weight) and the conditional variance of the return;in the high sentiment period,there is a significant positive relationship between the equal weight market return and the variance of the return;in the low sentiment period,there is a significant negative correlation between the circulation market value weighted market return and the variance of the return.The paper shows that investor sentiment does have an effect on the market mean-variance relationship,and the investor sentiment has different impact on small-cap stocks and weighted stocks in the high and low investor sentiment periods. References | Related Articles | Metrics

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Analysis of the Impact of Supply-side Reform on Coal Industry Bonds Investment Lin Wenda 2017, 29 (6):  53-60.  Abstract ( 152 )   PDF (1398KB) ( 402 )   The supply-side reform,as an important national policy of China to cross the middle income trap in the new normal economy,changes the analysis logic of the bond market,especially in the coal industry.The excess capacity of China's coal industry in 2013,2014 and 2015 are 1.466 billion tons,1.449 billion tons and 2.500 billion tons respectively,with 2015 at a record high.By analyzing the factors that affect the coal industry spreads,we identify the specific impact of the supply-side reform on the coal industry bonds.The change in coal industry bonds investment logics occurred in September 2015.Before the supply-side reform,bond investors'investment logic was “on the market”,focusing on market risk and ignoring industry risks.After the supply-side reform,investors began to pay attention to industry analysis.The decrease of the coal prices and coal-industrial added values led to a significant increase in coal industry spreads.The supply-side reform requires investors to face up to the problems of excess capacity and high leverage ratios in excess capacity industries,rather than hide the risk.Investors should pay attention to industry risks and decrease the bond investment in the excess capacity industries to promote the structural transformation of the economy.The governments at each level should gradually break the implied guarantees of state-owned enterprises'bonds,and correctly deal with the relationship between the government and the market. References | Related Articles | Metrics

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An Empirical Research on the Relationship among Entrepreneurial Network,Effectuation and Start-up Financing Performance——Based on the Analysis of Environment Dynamic Adjustment Hu Haiqing, Wang Zhaoqun, Zhang Yingying, Zhang Lang 2017, 29 (6):  61-72.  Abstract ( 203 )   PDF (1090KB) ( 441 )   Entrepreneurial network performance plays an important role for start-up financing.For new ventures,financing performance is more indicative of business development and investment.However,little literature empirically analyzes entrepreneurs network and new venture financing performance.This paper uses the samples of new ventures in Shaanxi province to research the direct relationship between entrepreneurial network and performance of corporate finance.And this paper also researches the mediating effect of effectuation and the adjustment effect of environmental dynamics.The empirical results show that while entrepreneurial network size and entrepreneurial network strength have a positive effect to the financing performance of the new enterprises;effectuation (besides its four dimensions,contain experiment,affordable loss,flexibility and pre-commitments) cohesion positively mediates the positive relationship between entrepreneurial network and the financing performance of the new enterprises;environmental dynamics negatively moderates the relationship between experiment,affordable loss,pre-commitments and new enterprises financing performance.This research makes up for the lack of empirical test in previous researches,and provides certain theory reference for start-up financing and investment institutions'investment decision. References | Related Articles | Metrics

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External Knowledge Search and Firm Performance:Evidence from Information Technology Outsourcing Vendors Pan Jia, Liu Yi, Zheng Songyue 2017, 29 (6):  73-84.  Abstract ( 180 )   PDF (1393KB) ( 484 )   In the current era of knowledge economy,external knowledge search is an important means for enterprises to obtain competitive advantage.However,existing researches conclude inconsistent results about the relationship between external knowledge search and firm performance.Meanwhile,there exist different opinions with regard to the relationship between internal knowledge base and external knowledge search.This research examines the moderating role of firm's business knowledge base and technological knowledge base on the relationship between external knowledge search and firm performance.It further explores how entrepreneurial orientation impacts the moderation effect of internal knowledge bases on the relationship between external knowledge search and firm performance.Based on the survey data from 129 information technology outsourcing vendors,the empirical results show that:Technological knowledge base moderates the relationship between external knowledge search and firm performance in an inverted-U shape;business knowledge base positively moderates the relationship between external knowledge search and firm performance;Entrepreneurial orientation positively moderates the moderation effect of internal knowledge bases on the relationship between external knowledge search and firm performance. References | Related Articles | Metrics

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Research on the Threshold Effect of R&D,FDI and Domestic Innovation Capability:Based on the Regional Heterogeneity of Intellectual Property Protection Chen Heng, Hou Jian 2017, 29 (6):  85-95.  Abstract ( 249 )   PDF (690KB) ( 803 )   Drawing upon the 2002-2013 Panel Data at the province-level in China and considering the influence of R&D input and FDI inflows,this paper uses nonlinear panel threshold regression to introduce the nonlinear threshold nature of intellectual property protection into the model and explores the mechanism between regional R&D input and FDI inflows and the domestic innovation capability.The research shows that the impact of regional R&D input on innovation capability is not limited to simple linear relationship or U-shaped and inverted U-shaped framework,but also have the complex nonlinear feature of the three thresholds of intellectual property protection;Secondly,the impact of regional FDI inflows on innovation capability is still limited by the regional intellectual property protection:as the intensity of intellectual property protection increases,the impact of FDI inflows on the innovation ability gradually weakens,reflecting a typical threshold effect.On the whole,the threshold effect of regional heterogeneity is obvious,so efforts should be made to enhance the IPR protection in the R&D-intensive areas and suppress the IPR protection in the areas targeted by FDIs. References | Related Articles | Metrics

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Entrepreneurs'Failure Experience,Their Reaction to Failure and Learning from Failure Wang Huafeng, Gao Jing, Wang Xiaoting 2017, 29 (6):  96-105.  Abstract ( 214 )   PDF (1103KB) ( 528 )   This paper focuses on the influence of entrepreneurs' previous failure experience and their post-failure reaction to learning from failure.The research objects are those micro business owners who have experienced business failures.We have a total of 147 valid questionnaires.The empirical results show that different failure experience will lead to different degree of reaction to failure and learning from failure.Too much or too little failures are not good for learning from failure.Modest failure is the best condition for learning.The number of entrepreneurs' previous failure (s) will be positively associated with their internal attribution of failure.The extent of entrepreneurs' previous failure (s) will be negatively associated with their internal attribution of failure.The attribution of failure will affect the effectiveness of learning process.The relationship between them is moderated by the number of failures.Specifically,ventures by entrepreneurs who have experienced a small number of failures,will learn much more with higher levels of internal attribution;ventures by entrepreneurs who have experienced a large number of failures,will learn much less with higher levels of internal attribution. References | Related Articles | Metrics

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Research on the Impact of Executive Compensation on Innovation Capability in the Automobile Industry Zhang Yueyan, Li Xianjun, Meng Xiangying, Wei Xianhua 2017, 29 (6):  106-117.  Abstract ( 180 )   PDF (1427KB) ( 477 )   The automobile industry in China is faced with a new competing environment,thus requiring carmakers to enhance innovation by optimizing their manufacturing process and upgrading their industry system.The innovation capability of a carmaker empirically depends on the strategic decision from its executives and the compensation system for executives should reflect the risk corresponding to their innovation activities.In this paper,we use 10-year financial data sample from 2004 to 2014 to investigate the relationship between the executive compensation and innovation ability by constructing innovation capacity indicators.By using SEM model,we conclude that low compensation decreases the innovation capability and this constraining effect is sustainable for at least two years.Experienced and well-educated executives contribute more to the innovation ability accumulation. References | Related Articles | Metrics

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Entry Modes,Integration,and Performance of Foreign Subsidiaries Yi Jingtao, Dai Lihua 2017, 29 (6):  118-128.  Abstract ( 206 )   PDF (1124KB) ( 724 )   This paper develops a dynamic discrete-choice model of the entry mode decision and a linear function of foreign subsidiary performance conditional on being foreign greenfields or foreign acquisitions through an institutional perspective.It uses the Heckman two-stage approach to analyze a sample of 501 foreign subsidiaries from China's outward FDI in 2001-2010.This study finds that subsidiary integration,characteristics of MNE parents and the host country influences the entry mode decision.Controlling for entry mode self-selection and other factors,the results show that acquisitions outperform greenfields at low and intermediate levels of subsidiary integration,but that greenfields outperform acquisitions at higher integration levels. References | Related Articles | Metrics

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A WSR-based Research on the State and Evaluation of Manufacturer's Service Derivatization Luo Jianqiang, Li Weipeng, Zhao Yanping, Cheng Faxin 2017, 29 (6):  129-140.  Abstract ( 274 )   PDF (1141KB) ( 366 )   Basing on the superior manufacturing resources to provide derivative services has become an important approach for manufacturers to obtain competitive advantage.To solve the defect that manufacturers diversifying into the service sector are currently evaluated only from a single perspective,this paper establishes an analytical framework and evaluation method of service derivatization based on wuli-shili-renli (WSR).The state of manufacturer's service derivatization under the WSR analytical framework is derived.Considering the interaction between the evaluation indexes,this paper builds a WSR-based service derivatization evaluation model using FANP.Finally,an empirical analysis proves that the analytical framework and evaluation method can characterize the service derivatization state of the industry and evaluate the service derivative state of a specific enterprise.The research conclusion has important implications for service-oriented manufacturing to transform. References | Related Articles | Metrics

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Effects of IT System Usage on Job Performance:An Empirical Study Wang Nianxin, Li Qingxiang, Ni Dan, Ge Shilun, Su Xiang 2017, 29 (6):  141-151.  Abstract ( 234 )   PDF (1187KB) ( 472 )   Information system usage is a necessary condition for improving the business value of enterprise information system.Prior researches with regard to the relationship between system usage and individual performance have been inconsistent.Some researches conclude that system usage has a significant positive or negative effect on individual performance;other researches do not confirm the relationship.In order to confirm the relationship between system usage and individual performance,we conduct research models based on system usage and human dynamics theory.An empirical analysis is conducted by using the log data and performance evaluation data of 100 information system users and we hope to find the impact of system usage on job performance under different measurement models,different genders and work-ages.The results indicate that:(1) when using different definitions and measurement models of system usage,the relationship between system usage and individual performance shows the obvious diversity;(2) as more measurement angles are applied to system usage,the impact of frequency of system use on job performance starts to emerge;duration of system use always has a non-significant effect on job performance;system features use always has a significant positive effect on job performance;burstiness of system use always has a significant negative effect on job performance;(3) gender and work-age moderate the relationship between system usage and job performance. References | Related Articles | Metrics

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Population Growth of E-retailing Ecosystems:A System Dynamics Approach Lei Bing 2017, 29 (6):  152-164.  Abstract ( 228 )   PDF (1064KB) ( 786 )   The population in e-retailing ecosystems includes e-retailers,consumers,logistics enterprises,services outsourcing,service outsourcing enterprises of e-retailing,etc.They keep growing through such relationships among them as predator-prey,competition,mutually benefit and parasitism.Base on methodology of system dynamics,this paper constructs causal loop diagram of 4 relationship to study the trends of e-retailing in China during 2001-2030,which includes the scale and spending of online consumes,distribution capabilities and scale of services outsourcing related to e-retailing.The system flowchart,equations and modeling of research process were detailed in this paper.The results show that,the rapid development of China's e-retailing in China is influenced by its own competitive advantage and sustained economic growth.As a parasitic industry,the scale of service outsourcing enterprises depends on the scale of the e-retailing sector and its development level. References | Related Articles | Metrics

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User Innovation and IS Performance:A Cross-level Interaction Model from the Department-level Perspective Huang Manhui, Xie Kang 2017, 29 (6):  165-176.  Abstract ( 158 )   PDF (1129KB) ( 355 )   User innovation has been recognized as one of the key issues in enterprise IS management.However,little researches have been done to empirically examine the relationship between user innovation and IS performance and to theorize how to better manage user innovation.This paper aims to build one of the earliest models of how user innovation can affect IS performance.IS performance can be learned from different levels.Based on the job performance theory,from the department-level perspective,this paper proposes a multilevel model which shows that key user innovation will affect department IS performance,and that top management support and communication between business department and IT department will moderate the relationship between key user innovation and department IS performance.The proposed multilevel model is empirically examined using HLM with a survey of 269 key users in 35 enterprises.The results show that key user innovation will influence department IS performance,and that communication will moderate the relationship between key user innovation and department IS performance,while top management support will not moderate the relationship between key user innovation and department IS performance.Implications of the results are discussed.This paper proposes one of the earliest models about the relationship between key user innovation and department IS performance.Future research may integrate the constructs from other theories to propose a more comprehensive model about the antecedents of department IS performance,pay more attention to the antecedents and the outcome of IS user innovation at different level,and pay more attention to the cross-level interaction analysis in the IS research field. References | Related Articles | Metrics

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The Effect of Regulatory Mode on the Likelihood to Buy a Less Attractive Offering after Missing an Initial Attractive One Xu Lan, Zhao Shuangshuang, Cui Nan, Xie Wenting, Lu Kaili 2017, 29 (6):  177-188.  Abstract ( 199 )   PDF (1171KB) ( 415 )   Previous researches indicate that individuals are inclined to forgo a less attractive opportunity after missing an initial attractive one.However,some researchers proposed the opposite opinion that individuals have motivations to take actions when encountering the subsequent opportunity.In this paper,we confirm that it is possible for some kind of people to take actions even when they have missed the first attractive opportunity.Based on the literature regarding regulatory mode,we proposed that people with different regulatory modes vary in revaluating the product when missing the first attractive opportunity,which influences the likelihood to take the second less attractive opportunity.Specifically,individuals with high locomotion mode are more likely to take actions than individuals with high assessment mode when a less attractive opportunity is presented again after the first attractive one is missed.Furthermore,revaluation of the product mediates the effect of regulatory mode on the likelihood to buy.After missing the initial opportunity,individuals with high locomotion mode tend to anchor the initial price,while individuals with high assessment mode tend to anchor the most attractive price in the first opportunity.This leads individuals with high locomotion mode to revaluate the product at a higher value than those with high assessment mode.We test the hypotheses through two experiments.The results of Experiment 1 show that individuals ranked high in locomotion mode revaluate the product at a higher value and tend to be more likely to buy in the second opportunity than those ranked high in assessment mode.We examined the moderating effect of time interval in Experiment 2.When the initial opportunity is missed just a moment before rather than for a long time,individuals ranked high in locomotion mode are more likely to revaluate the product at a higher value than those ranked high in assessment mode and thus are more likely to buy when facing a less attractive opportunity. References | Related Articles | Metrics

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A Study on Phantom Decoy Effects of Consumer Decision-making Context Cue——Based on Priming Strategy Model in Double Attribute Space Li Dongjin, Zheng Jun, Jin Huizhen, Zhang Chubing 2017, 29 (6):  189-201.  Abstract ( 318 )   PDF (1309KB) ( 940 )   With the rising of phantom marketing in Chinese market,such as hunger marketing,group purchase,sec-killing and so on,the marketing strategies that present an unavailable phantom decoy in choice set to make an available option more attractive and cause the consumer preference reversal are being widely applied.However,the theory and practice of phantom decoy effects,as an important theoretical branch of attraction effects,has not been fully developed.Based on the theoretical framework of attraction effects,this paper proposes PAD and PND decoy areas and its priming models.For the first time it proposes two types of PND priming strategies:PC and PI.Furthermore,it designs an experiment of consumer decision-making based on Chinese consumer decision-making context cue using the famous psychology experiment software named as E-prime.The results show that in the gambling model of attraction effects in double attribute space,corresponding to real effects,there exists PAD and PND decoy areas and its priming models,hence being of great significance for theoretical applications in the future research. References | Related Articles | Metrics

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Research on the Mechanism of How Self-efficacy and Resistance to Persuasion Influence Customers'Acceptance of Social Commerce Model Liu Xinmin, Li Fang, Wang Song 2017, 29 (6):  202-213.  Abstract ( 247 )   PDF (1219KB) ( 908 )   From the perspective of consumers' psychological expectation and cognitive capability,we construct a concept model of cognition-expectation-intention from perceived value to acceptance intention to explore the influencing mechanism of self-efficacy and resistance to persuasion on promoting the acceptance intention to social commerce model.Then,the conceptual model and hypothesis are analyzed by structural equation through questionnaires.Empirical results show that perceived value to social commerce model could affect consumer's acceptance intention through the mediating roles of self-efficacy and resistance to persuasion in which the former's positive influence is slightly larger than the latter's negative influence.Perceived value and self-efficacy in the new model have a strong negative effect on the resistance to persuasion,but the three dimensions of perceived value play different roles.As a prepositive variable,general self-efficacy has a significant positive effect on the perceived value and self-efficacy in social commerce environment.The analysis of mechanism from consumer perceived value to the final acceptance intention is helpful to deepen the understanding of consumer's cognitive behavior,which can provide a useful reference for the improvement of the Social-Commerce. References | Related Articles | Metrics

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Transport Infrastructure and Agglomeration Effects of Service Industries:From HLM Analysis on the Two Levels of Provinces and Cities Sun Xiaohua, Liu Xiaoling, Xu Shuai 2017, 29 (6):  214-224.  Abstract ( 205 )   PDF (1069KB) ( 396 )   Agglomeration of service industries is one important way to improve the industrial quality and the regional competitiveness.A key step for regional economic development is to explore how to promote the agglomeration effects of service industries.By incorporating transport costs into the theory model of the relationship between industrial agglomeration and productivity,the paper discusses the mechanism of how traffic infrastructure affects service agglomeration.In the empirical study,the samples of provinces in China are divided into a high level group and a low level group in terms of traffic infrastructure based on the panel threshold model.Then,the effects of transport infrastructure on agglomeration of service industries are tested by hierarchical linear model.The results show that in the provinces where transportation infrastructure is developed,the agglomeration of service industries at the provincial level can strengthen the urban agglomeration effects.While in the provinces where transportation infrastructure is underdeveloped,the effective range of the agglomeration of service industries is only limited to the municipal level,and the provincial service agglomeration can not improve the agglomeration effects of urban service industries. References | Related Articles | Metrics

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Evaluation on the Spatial Differences and Temporal Changes of Infrastructure Investment Efficiency of Cities at Prefecture Level or above in China Based on DEA and Malmquist Index Cheng Min, Pei Xinjie 2017, 29 (6):  225-233.  Abstract ( 177 )   PDF (1137KB) ( 431 )   Based on data envelopment analysis (DEA) and Malmquist index,the spatial differences and temporal changes of infrastructure investment efficiency for 287 cities at prefecture level and above are evaluated.The reasons for the change of investment efficiency are analyzed according to the decomposed indices of efficiency.The results indicate that the total investment efficiency of urban infrastructure in China is at medium level now.Infrastructure investment efficiency is closely related to the regional economic development level,city administrative grade and urban scale.The cities in different region have different situation of return to scale and the impact of scale efficiency on overall efficiency are larger than that of pure technical efficiency.From 2003 to 2012,the urban infrastructure investment efficiency decreased first and then increased steadily.Technical improvement makes a great contribution to the increase of Malmquist productivity index. References | Related Articles | Metrics

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On the Willingness of Car-travel Reduction in Sustainable Transport:An Integrated Model Liu Yuwei 2017, 29 (6):  234-241.  Abstract ( 213 )   PDF (1018KB) ( 382 )   Car-travel reduction should be included in the study of sustainable urban transport,because many cities in China are facing increasingly serious environmental problems due to a substantially continuous increase of car transport.In order to explore the antecedents of willingness of car-travel reduction,based on Norm Activation Model (NAM) and Theory of Planned Behavior (TPB),an integrated model of the willingness of car-travel reduction is proposed,and research hypotheses are proposed,combining normative and rational factors.Then dataset obtained from a survey of 600 drivers are used to verify the reliability and validity of the model and to test research hypotheses.The result indicates such three variables as personal norm of car-travel reduction,attitudes towards reduction and perceived behavior control of reduction significantly affect the willingness of car-travel reduction,and personal norm is a mediator in the relationship between awareness of consequence,ascription of responsibility of car-travel,subjective norms of car-travel reduction and the willingness of car-travel reduction.This finding provides a theoretical reference for relevant decision-makers of urban transport management. References | Related Articles | Metrics

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The Dynamics Simulation and Resolution Mechanism of the Group Conflict in Urbanization Process Liu Ersi, Zhang Jingjing, Zhou Wei 2017, 29 (6):  242-251.  Abstract ( 190 )   PDF (1464KB) ( 438 )   On the basis of the conflict management and the systems thinking theories,this study constructs an analysis framework of urbanization group conflict from the perspective of system dynamics.By combining with the features of urbanization group conflict,the causal relations are analyzed from three points:the government factor,the public factor,and other factors.Then,the factor system of urbanization group conflict is proposed,based on which we construct the system flow diagrams and the dynamics simulation model of urbanization group conflict.By fitting the different influence factors of urbanization group conflict,we further analyze the actual effect of the influence factors in the group conflict dynamic system.Additionally,we utilize the Vensim PLE software to simulate the proposed model.An empirical example is used to illustrate the effective and practicality of the proposed model.The results show that:the effects from other factors and the public factor on the urbanization group conflict are weaker than the governmental factor.Lastly,some resolution mechanisms are provided to solve the urbanization group conflict event in China. References | Related Articles | Metrics

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The Relationship among External Environment,Business Model and Performance of Banks——Based on the Data of 16 Listed Commercial Banks in China Qiao Han, Zhang Jing, Guo Sheng, Ji Shangbo, Liu Bing 2017, 29 (6):  252-263.  Abstract ( 219 )   PDF (1208KB) ( 561 )   Based on the iceberg theory of business model and 7E-model to bank's business model,this paper conducts an empirical study with the structural equation model on the relationship between business model,external environment and performance of the 16 listed Chinese commercial banks.Besides,this paper also conducts an empirical comparative analysis according to banks'nature.The results show that,business model has a negative impact on the bank's short-term performance,while a positive impact on the bank's long-term performance.External environment has a significant impact on ban k's business model and a positive impact on the bank's short-term performance.This is because the improvement of business model will hit the original model first which will lead to the degradation of bank's performance.In the long run,banks will gradually adapt to the changes of external environment and become stable,the good match of business model and external environment will generally improve bank's performance.In addition,when distinguishing the proprietary nature of banks in the above structural equation model,the results differ again.In the end,according to those empirical results,we put forward some suggestions on bank's business model. References | Related Articles | Metrics

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“Internet+Eco-agriculture”Sustainable Development:Guangdong Green Valley Model Du Helen S, Chen Yangsen, Ke Xiaobo, Jiang Ruixin 2017, 29 (6):  264-272.  Abstract ( 245 )   PDF (1283KB) ( 781 )   It is significant to carry out the concept of sustainable development and follow the road of “Internet plus eco-agriculture” when the traditional agriculture is at the key period of transition today.It is a hot issue to study how to choose the scientific and appropriate development model to improve the social,economic and ecological benefits for those underdeveloped agriculture-based regions.In this paper,based on the concept of sustainable development,social influence theory,fortune at the bottom of the pyramid theory and appropriate technology theory,we put forward specific ideas of “Internet plus eco-agriculture” sustainable development model and sum up four principles and nine characteristics of sustainable development by a field research of the National Agricultural Demonstration Zone lighthouse basin in “Guangdong Green Valley” Heyuan.The results of this paper not only provide theoretical basis and practical guidance for the implementation of agricultural industrialization transformation and upgrading,but also provide reference for other areas with the same geographical characteristics. References | Related Articles | Metrics