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Global Risk Appetite,US Economic Policy Uncertainties and Cross-Border Capital Flow
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作者 Tan Xiaofen Cao Qianqian Zhao Qian 《China Economist》 2022年第5期2-18,共17页
Based on the global asset portfolio model,this paper created a panel threshold model using EPFR fund data to empirically test the non-linear spillover effects of US economic policy uncertainties on cross-border capita... Based on the global asset portfolio model,this paper created a panel threshold model using EPFR fund data to empirically test the non-linear spillover effects of US economic policy uncertainties on cross-border capital flow for emerging economies.Our study led to the following findings:(1)When the level of global investor risk tolerance is high,rising US EPU will induce a capital inflow into emerging economies,as manifested in the“portfolio rebalancing effect.”When the level of global investor risk tolerance is below a critical threshold,this gives rise to risk aversion and emerging economies will experience net capital outflow,i.e.the“flight to quality effect”.(2)Equity fund investors have a lower risk tolerance threshold than bond fund investors.(3)According to our heterogeneity analysis,more attention should be paid to monitoring capital flow through actively managed funds,ETF funds,and retail investor funds.The economy should increase financial efficiency and economic resiliency to mitigate capital outflow pressures from the external environment. 展开更多
关键词 cross-border fund capital flow global risk appetite US economic policy uncertainty panel threshold model
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Funding Climate Change Haven Communities across the Political Spectrum: From Free-Market Capitalism to State-Directed Economies
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作者 Elizabeth C. Hirschman Emma Arnoux +3 位作者 Tze-Wei Huang Inez Latapia Hugo Rodriquez Carmen Vacas 《Journal of Environmental Protection》 2025年第2期180-210,共31页
We examine possible funding sources for constructing Climate Change Haven Communities on a global basis. Areas of the planet that have the potential to house persons migrating to “safe havens” in their own or other ... We examine possible funding sources for constructing Climate Change Haven Communities on a global basis. Areas of the planet that have the potential to house persons migrating to “safe havens” in their own or other countries will require the rapid construction of communities capable of supporting them, their families, businesses and farms. However, different political-economic conditions are found across the areas which can serve as locations for these Climate Change Haven Communities. We develop funding and construction strategies for the United States (free-market capitalism), France and Spain (European Union supported economies), and Taiwan region (state-directed economy). The proposals for the Taiwan region should also be applicable to the rest of China. 展开更多
关键词 Climate Change Haven Communities European Union France Climate Change Spain Climate Change Taiwan Region Climate Change United States Climate Change Free-Market capitalism Industrial Revolution State-Directed Economies
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Unraveling multidimensional land transfers in mountainous areas:influence of grassroots governance,geographic location,livelihood capital,and demographic factors
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作者 XU Yinan WANG Weiwen WANG Ying 《Journal of Mountain Science》 2025年第2期611-635,共25页
Cropland abandonment has been a widespread phenomenon in mountainous areas due to the increasing number of natural disasters and the massive migration of rural labor in the process of rapid urbanization.Land transfer ... Cropland abandonment has been a widespread phenomenon in mountainous areas due to the increasing number of natural disasters and the massive migration of rural labor in the process of rapid urbanization.Land transfer is a crucial prerequisite for ensuring food security and fostering rural revitalization.How to promote land transfer in mountainous areas remains a challenging but important task.Nevertheless,there is a dearth of research examining land transfers among farm households that specifically address mountainous regions,and the influence of grassroots governance and geographic location has not been thoroughly elucidated within this particular context.Based on 895household samples collected in Dabie Mountainous Area in China,this study employs binary and ordinal logistic regression models to provide a more comprehensive analysis on land transfers among rural households and the determinants,including the decision to transfer land,the existence of land transfer rents,the channel of land transfer,the duration of the transfer,the pre-transfer cultivation situation,and the level of satisfaction with the land transfer rent.The findings reveal that grassroots governance,geographic location,livelihood capital,and demographic factors significantly influence land transfers among rural households.Specifically,villagers'public participation positively affects land transfer participation(β=0.235,p<0.05),while the operation of village rules and regulations negatively impacts it(β=-0.296,p<0.05).Village cadre satisfaction positively influences both land transfer rent(β=0.274,p<0.05)and rent satisfaction(β=0.303,p<0.05).Improved civil relations in the village correlate with lower land transfer rent(β=-0.511,p<0.05),while a better social atmosphere is associated with higher satisfaction with transfer rent(β=0.575,p<0.01).Households at higher elevations tend to prefer government-mediated land transfers with longer durations.The distances to the township and county centers have contrasting effects on land transfer rent,but their impacts on participation in land transfer,choice of transfer channel,and duration are consistent.The study also found that different types of livelihood capital,as well as the demographic characteristics of households,significantly affect various aspects of land transfer.These empirical findings can inform policymaking to promote more efficient land transfers in mountainous region. 展开更多
关键词 Land transfer Grassroots governance Geographic location Livelihood capital Demographic factors Dabie Mountainous Area China
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Evolution of IMF’s Policy on Cross-border Capital Flows
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作者 LIU Xu KANG Yue 《China Forex》 2022年第2期62-64,共3页
The policy adjustments have undergone a few stages:allowing capital controls,advocating capital flow liberalization,allowing temporary capital controls in times of crisis,recognizing post-inflow surge management and r... The policy adjustments have undergone a few stages:allowing capital controls,advocating capital flow liberalization,allowing temporary capital controls in times of crisis,recognizing post-inflow surge management and recommending preemptive capital inflow management. 展开更多
关键词 capital POLICY EVOLUTION
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Research on decision-making behavior of multi-agent alliance in cross-border electricity market environment: an evolutionary game
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作者 Zhao Luo Chenming Dong +3 位作者 Xinrui Dai Hua Wang Guihong Bi Xin Shen 《Global Energy Interconnection》 EI CSCD 2024年第6期707-722,共16页
Constructing a cross-border power energy system with multiagent power energy as an alliance is important for studying cross-border power-trading markets.This study considers multiple neighboring countries in the form ... Constructing a cross-border power energy system with multiagent power energy as an alliance is important for studying cross-border power-trading markets.This study considers multiple neighboring countries in the form of alliances,introduces neighboring countries’exchange rates into the cross-border multi-agent power-trading market and proposes a method to study each agent’s dynamic decision-making behavior based on evolutionary game theory.To this end,this study uses three national agents as examples,constructs a tripartite evolutionary game model,and analyzes the evolution process of the decision-making behavior of each agent member state under the initial willingness value,cost of payment,and additional revenue of the alliance.This research helps realize cross-border energy operations so that the transaction agent can achieve greater trade profits and provides a theoretical basis for cooperation and stability between multiple agents. 展开更多
关键词 Multi-agent alliance cross-border transactions Electricity market Evolutionary game DECISION-MAKING
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Impact of BRICS Trade Facilitation on China's Exports Using Cross-Border E-Commerce
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作者 Longling LI Kaimei CHEN Zijian LONG 《Asian Agricultural Research》 2024年第5期1-7,共7页
With the rapid growth of the global digital economy, cross-border e-commerce, as an emerging form of trade, has gradually become a powerful engine to promote the development of global trade. BRICS is an important forc... With the rapid growth of the global digital economy, cross-border e-commerce, as an emerging form of trade, has gradually become a powerful engine to promote the development of global trade. BRICS is an important force in the global economy, and the progress of the BRICS countries' trade facilitation level has an important impact on the global trade environment. This paper conducts an in-depth study of the dynamic changes in BRICS trade facilitation from 2013 to 2022, and uses an extended gravity model to analyze the specific impact of this change on China's exports using cross-border e-commerce. The results show that although the BRICS countries have made some progress in trade facilitation, the overall level still needs to be improved, and there are obvious differences among member countries. However, the improvement of trade facilitation among BRICS countries has undoubtedly brought significant positive effects to China's exports using cross-border e-commerce. 展开更多
关键词 Trade facilitation BRICS cross-border e-commerce Export trade
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Relationships among Social Capital, Positive Aspect, and Caregiver Burden in Dementia Families: A Mediating Model
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作者 Haojie Wang Weiqing Zhang +1 位作者 Jielu Song Yabing Cao 《Journal of Biosciences and Medicines》 2024年第11期572-583,共12页
Objective: To investigate the current situation and influencing factors of care giving burden among family caregivers with dementia and to analyze the Positive Aspect of caregivers between Social Capital and Caregiver... Objective: To investigate the current situation and influencing factors of care giving burden among family caregivers with dementia and to analyze the Positive Aspect of caregivers between Social Capital and Caregiver Burden. Methods: A total of 205 elderly dementia patients and family caregivers were select from 3 tertiary hospital by convenience sampling method in Zhengzhou. The general information questionnaire. The Social Capital Scale for Caregiver of People with Dementia, The Positive Aspect of Care giving scale and The Caregiver Burden Inventory were utilized for investigation. Results: In this study the scores of the Social Capital Scale of Caregivers with dementia were (48.76 ± 6.44), the scores of the Positive Aspect of Care giving scale were (37.41 ± 4.29), and the scores of the Caregiver Burden Inventory were (64.43 ± 10.89). The results of multiple linear regression analysis showed that patient’s age, patient’s disease duration, social capital, and positive feelings were the main influencing factors of caregiver’s burden of care (P Conclusion: The burden of family caregivers is at a medium-high level, and it is recommended that the medical, social levels fully mobilize the social support system of caregivers from the caregivers’ conditions, increase the level of the caregivers’ social capital, and pay attention to the positive feelings of the caregivers and regulate them in time social alleviate the burden of their care giving. 展开更多
关键词 DEMENTIA Care Giving Burden Social capital Positive Feelings Mediating Role
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State-Owned Capital Participation in Private Enterprises:A Perspective of Debt Financing
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作者 He Dexu Zeng Min Zhang Shuonan 《China Economist》 2024年第1期14-42,共29页
This study takes debt financing as the entry point and explores the impact of state-owned capital participation in private enterprises from the perspectives of“unarticulated rules”and“articulated rules”.The study ... This study takes debt financing as the entry point and explores the impact of state-owned capital participation in private enterprises from the perspectives of“unarticulated rules”and“articulated rules”.The study finds that state-owned capital participation significantly reduces the debt financing costs of private enterprises and expands the scale of their debt financing.This conclusion remains valid after a series of endogeneity and robustness tests.Further analysis of the mechanism reveals that state-owned capital participation improves the debt financing of private enterprises through multiple channels:Enhancing their social reputation,mitigating the“statistical bias”they face,optimizing their information quality,and reducing the“shareholder-creditor”agency problems.This paper conceptualizes these benefits as the“complementary advantages of heterogeneous shareholders”.This not only constructs a theoretical framework for“reverse mixed-ownership reform”but also better narrates the Chinese story of“mixed-ownership reform”by adopting a more universally applicable theory of equity structure.Additionally,the paper supplements existing research on the macro-and meso-level relationship between the government and the market by exploring the government’s positive role at the micro-level. 展开更多
关键词 Mixed-ownership reform reverse mixed-ownership reform state-owned capital debt financing heterogeneous shareholders
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Impact of web-based positive psychological intervention on emotions,psychological capital,and quality of life in gastric cancer patients on chemotherapy
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作者 Yu-Yu Xin Dan Zhao 《World Journal of Clinical Cases》 SCIE 2024年第26期5877-5884,共8页
BACKGROUND Gastric cancer is a malignant digestive tract tumor that originates from the epithelium of the gastric mucosa and occurs in the gastric antrum,particularly in the lower curvature of the stomach.AIM To evalu... BACKGROUND Gastric cancer is a malignant digestive tract tumor that originates from the epithelium of the gastric mucosa and occurs in the gastric antrum,particularly in the lower curvature of the stomach.AIM To evaluate the impact of a positive web-based psychological intervention on emotions,psychological capital,and quality of survival in gastric cancer patients on chemotherapy.METHODS From January 2020 to October 2023,121 cases of gastric cancer patients on chemotherapy admitted to our hospital were collected and divided into a control group(n=60)and an observation group(n=61)according to the admission order.They were given either conventional nursing care alone and conventional nursing care combined with web-based positive psychological interventions,respectively.The two groups were compared in terms of negative emotions,psychological capital,degree of cancer-caused fatigue,and quality of survival.RESULTS After intervention,the number of patients in the observation group who had negative feelings toward chemotherapy treatment was significantly lower than that of the control group(P<0.05);the Positive Psychological Capital Questionnaire score was considerably higher than that of the control group(P<0.05);the degree of cancer-caused fatigue was significantly lower than that of the control group(P<0.05);and the Quality of Life Scale for Cancer Patients(QLQ-30)score was significantly higher than that of the control group(P<0.05).CONCLUSION Implementing a web-based positive psychological intervention for gastric cancer chemotherapy patients can effectively improve negative emotions,enhance psychological capital,and improve the quality of survival. 展开更多
关键词 Internet Positive psychology Gastric cancer chemotherapy Negative emotions Psychological capital Quality of survival
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Iran-Turkmenistan Relations:Cross-Border Ethnic Groups and Comprehensive Governance Strategies
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作者 WU Tongyu 《International Relations and Diplomacy》 2024年第5期181-190,共10页
This study delves into the bilateral relations between Iran and Turkmenistan,focusing on the multidimensional impacts of cross-border ethnic groups,cultural diplomacy,and energy cooperation.The research reveals that d... This study delves into the bilateral relations between Iran and Turkmenistan,focusing on the multidimensional impacts of cross-border ethnic groups,cultural diplomacy,and energy cooperation.The research reveals that despite challenges in security cooperation,such as regional political ideological differences and uneven power distribution,Iran has adopted diverse strategies to enhance cultural identity,social cohesion,and promote economic cooperation.Iran actively seeks to repair relations with Turkmenistan by emphasizing shared historical and cultural backgrounds,particularly the presence of cross-border Turkmen ethnic groups.Specific measures include developing cultural tourism,organizing cultural weeks,and establishing commemorative days.In the economic sphere,the two countries have signed significant natural gas supply agreements,strengthening energy cooperation.Iranian leaders often emphasize“blood ties”and deep cultural connections in diplomatic statements,combining cultural diplomacy with practical economic cooperation.The study’s findings indicate that Iran’s initiatives have led to the reorganization of national space and social reconstruction in border regions,promoting changes in public policy.By integrating cultural identity,historical connections,and economic interests,Iran has adopted a sophisticated diplomatic approach,laying the foundation for more stable and enduring bilateral relations while contributing to regional stability and sustainable development. 展开更多
关键词 Iranian foreign policy cross-border ethnic groups Iran-Turkmenistan relations
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Defining Cities by Water: Addressing Capital Misallocation in a Race to Conserve Resources
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作者 Yao Peng Li Jinze 《China Economist》 2024年第1期86-102,共17页
As part of its efforts to promote a sustainable and high-quality development,China has pledged to reduce water consumption and create a water-efficient society.On the basis of identifying the institutional root causes... As part of its efforts to promote a sustainable and high-quality development,China has pledged to reduce water consumption and create a water-efficient society.On the basis of identifying the institutional root causes of excessive capital allocation and excessive water consumption in China’s water-intensive industrial sectors,this study elaborates how the national water-efficient cities assessment contributes to optimized capital allocation.Our research shows that national water-efficient cities assessment has motivated local governments to compete for water efficiency.To conserve water,local governments regulated the entry and exit of water-intensive enterprises,discouraged excessive investments in water-intensive sectors,and phased out obsolete water-intensive capacities within their jurisdictions.This approach has resulted in mutually beneficial outcomes,including improved allocation of capital,enhanced water efficiency,and reduced emissions.This paper offers policy recommendations for establishing a water-efficient society throughout the 14^(th) Five-Year Plan(2021-2025)period by presenting empirical evidence on the policy effects of resource efficiency evaluation. 展开更多
关键词 Competitive evaluation for resource efficiency national water-efficient cities assessment capital misallocation water efficiency emissions abatement
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Micro,Small,and Medium Enterprises’Cross-Border Business Strategies
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作者 Xuan Chen Yijun Xia Tian Hou 《Proceedings of Business and Economic Studies》 2024年第2期191-197,共7页
This paper explores the operational strategies of cross-border micro, small, and medium enterprises (MSMEs). Against the backdrop of globalization and digitalization, cross-border trade has become one of the important... This paper explores the operational strategies of cross-border micro, small, and medium enterprises (MSMEs). Against the backdrop of globalization and digitalization, cross-border trade has become one of the important pathways for many MSMEs to achieve growth and competitive advantage. Firstly, the paper outlines the concept and characteristics of cross-border MSMEs, as well as the analysis of their operational environment in the context of globalization, including political, economic, social, technological, environmental, and legal factors. Secondly, the paper proposes operational strategies for cross-border MSMEs, including international market selection and positioning, cross-border marketing strategies, supply chain management, cross-border financial management, and cross-border risk management. Finally, the paper summarizes the importance of effectively implementing these strategies for cross-border MSMEs to seize international market opportunities, reduce operational risks, and enhance competitiveness and profitability. 展开更多
关键词 cross-border MSMEs Operational strategies GLOBALIZATION DIGITALIZATION International market cross-border trade marketing finance and risk management Supply chain management
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Construction of Regional Ecological Capital Operation Mechanism System from the Perspective of Green Economy Development
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作者 Wanxuan WU Jialin LIU Xieyu XIONG 《Meteorological and Environmental Research》 2024年第4期44-48,共5页
Green development has gradually become the main theme of the current world economic development.Green transformation development and cracking the contradiction between ecology and economy need to build an effective ec... Green development has gradually become the main theme of the current world economic development.Green transformation development and cracking the contradiction between ecology and economy need to build an effective ecological capital operation system and mechanism to support,encourage the effective operation of regional ecological capital,promote the appreciation and preservation of ecological capital,and escort the operation.This paper constructs a four-in-one regional ecological capital operation mechanism system,in which the"accumulation mechanism"is the prerequisite,the"conversion mechanism"is the key link,the"compensation mechanism"is an important supplement,and the"incentive mechanism"is the safeguard measure,which aims to ensure the smooth progress of the construction of beautiful China in the new era and realize the socialist modern power. 展开更多
关键词 Green economy Value realization of ecological products Ecological capital operation
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Research on Cross-border E-commerce Empowering the Transformation and Upgrading of Dongguan’s Manufacturing Industry
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作者 Shoufei Su Juan Zhang 《Proceedings of Business and Economic Studies》 2024年第6期207-212,共6页
With the rise of the global digital economy and the deep integration of digital technology into traditional manufacturing operations,cross-border e-commerce provides a new commercial model and pathways for transformin... With the rise of the global digital economy and the deep integration of digital technology into traditional manufacturing operations,cross-border e-commerce provides a new commercial model and pathways for transforming and upgrading Dongguan’s traditional manufacturing industry.It also offers perspectives for enhancing the integration of online and offline operations while advancing the industrial Internet process.This study examines the impact of cross-border e-commerce on Dongguan manufacturing,highlighting its role in improving production efficiency,expanding international markets,and driving industrial upgrading through product enhancement,supply chain optimization,and innovative business models.By incorporating practical cases and data analysis from Dongguan enterprises,this study investigates the benefits and challenges of cross-border e-commerce in the transformation of the manufacturing industry,aiming to offer a reference for enterprise digital transformation and global competitive strategies. 展开更多
关键词 cross-border e-commerce Dongguan manufacturing Transformation and upgrading Case study
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The Interrelationship between Culture and Capital Structure:Evidence from International Retailers
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作者 Sisi Xu 《Proceedings of Business and Economic Studies》 2024年第2期66-72,共7页
The present study investigates the influence of cultural factors in 2022 on the capital structure of global retailers.There are sixteen retailers from eight countries in the sample.In recent times,numerous academician... The present study investigates the influence of cultural factors in 2022 on the capital structure of global retailers.There are sixteen retailers from eight countries in the sample.In recent times,numerous academicians have taken an interest in examining the capital structure and business model of retailers,owing to their swift and consistent growth.However,the fact that the majority of research originates from the retailers’host country gives rise to debate regarding the applicability of the capital structure of said retailers to countries with distinct cultural environments.Consequently,academics have begun to investigate whether the capital structure of multinational retailers is impacted by the diversity of national cultures. 展开更多
关键词 Cultural factors capital structure Global retailers Business model National cultures
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Venture Capital Syndication under Social Network Theory:Literature Review and Prospect
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作者 Junru Zhao Shasha Yang Zhengbin Wang 《Proceedings of Business and Economic Studies》 2024年第4期10-15,共6页
As an important channel for start-ups to obtain R&D funds and external knowledge and information resources,and as one of the key methods for investment institutions to leverage scale and synergy effects to enhance... As an important channel for start-ups to obtain R&D funds and external knowledge and information resources,and as one of the key methods for investment institutions to leverage scale and synergy effects to enhance investment returns,venture capital syndication holds significant research value in the field of venture capital.This paper reviews the literature,summarizing the motivations behind the formation of joint investment networks,the conceptual characteristics of the three core theories of social network theory,and the empirical research on venture capital syndication within the framework of social network theory.It also highlights the existing research results,identifies gaps,and anticipates future research directions. 展开更多
关键词 Social network theory Venture capital syndication investment
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企业兼并整合管理的实证研究及启示——评GECapital成功的兼并整合管理 被引量:8
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作者 徐学民 汪涛 徐金发 《中国软科学》 CSSCI 北大核心 2000年第3期73-75,共3页
企业兼并尽管是企业扩张的有效途径 ,但在实践中有很高的失败率 ,其中很重要的原因是整合管理的失败。本文通过揭示GECapital成功整合管理的四大原则 ,从战略准备、专人负责、文化融合和计划调整四个方面提出了未来我国企业兼并整合管... 企业兼并尽管是企业扩张的有效途径 ,但在实践中有很高的失败率 ,其中很重要的原因是整合管理的失败。本文通过揭示GECapital成功整合管理的四大原则 ,从战略准备、专人负责、文化融合和计划调整四个方面提出了未来我国企业兼并整合管理可供操作的建议。 展开更多
关键词 企业兼并 整合管理 中国 企业体制 GE capital
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EMPIRICAL STUDY ON CAPITAL STRUCTURE OF LISTED COMPANIES IN CHINESE STOCK MARKET 被引量:1
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作者 郝丽萍 谭庆美 《Transactions of Tianjin University》 EI CAS 2001年第3期172-177,共6页
Capital structure decision is an important issue of corporate finance.Theories show that,the corporate debt ratio is determined by many factors.This study conducts empirical work on capital structure theories,focusing... Capital structure decision is an important issue of corporate finance.Theories show that,the corporate debt ratio is determined by many factors.This study conducts empirical work on capital structure theories,focusing on the corporate data of Chinese listed companies,by considering the intrinsic characteristics,utilizing the principal factor analysis and the ridge regression method.Our results suggest that a firms debt ratio has a positive relationship with its size,profitability and operating risk and has a negative relationship with its growth and non debt tax shield,while the long term leverage has a positive relationship with its collateral value of assets. 展开更多
关键词 capital structure empirical study factor analysis ridge regression
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近代“Capital/资本”译名问题考略 被引量:1
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作者 曹龙虎 《江苏社会科学》 CSSCI 北大核心 2016年第4期230-241,共12页
本文以近代"Capital/资本"译名问题的确立过程为研究对象。作为一个在中国古典文献中早已存在,并且还被频繁使用的合成词,"资本"很早就成为"capital"的对译词。这一时期的"资本"只是作为一个... 本文以近代"Capital/资本"译名问题的确立过程为研究对象。作为一个在中国古典文献中早已存在,并且还被频繁使用的合成词,"资本"很早就成为"capital"的对译词。这一时期的"资本"只是作为一个表示金钱的普通词汇而存在,其在对译"capital"时的现代含义没有得到充分挖掘。从19世纪80年代开始,日文文献中也开始用"資本"去对译"capital"。并且由于相关介绍社会主义的译作、著作的缘故,"資本"开始首先在日语中获得了专业术语和政治术语的地位。此后,随着从日本而来的相关社会主义著作在中国的翻译和传播,在日语中作为一种专业术语和政治术语的"資本"一词也开始传入中国,这样,现代中国的"资本"一词也开始被作为"回归汉字借词"甚至是"日语新造借词"看待。 展开更多
关键词 capital 资本 母财 新名词大战
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China's Industrial Upgrade and Human Capital Improvement 被引量:1
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作者 张车伟 高文书 《China Economist》 2016年第4期22-45,共24页
Based on statistics, this paper reviews China's economic growth and industrial upgrade since the reform and opening up in 1978 and estimates the contribution of industrial restructuring to economic growth. With the y... Based on statistics, this paper reviews China's economic growth and industrial upgrade since the reform and opening up in 1978 and estimates the contribution of industrial restructuring to economic growth. With the years of schooling as the proxy variable of human capital, this paper describes changes in China's labor competence during the industrial restructuring process. Then, this paper estimates China's future human capital demand and shortage based on economic and demographic forecast. Lastly, this paper proposes recommendations for improving human capital in China with skills development and education. 展开更多
关键词 industrial structure industrial upgrade human capital labor competence China supply-side structural reforms
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