Venture Capital Syndication under Social Network Theory:Literature Review and Prospect

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.

Game theory approach to optimal capital cost allocation in pollution control

This paper tries to integrate game theory, a very useful tool to resolve conflict phenomena, with optimal capital cost allocation issue in total emission control. First the necessity of allocating optimal capital costs fairly and reasonably among polluters in total emission control was analyzed. Then the possibility of applying game theory to the issue of the optimal capital cost allocation was expounded. Next the cooperative N person game model of the optimal capital cost allocation and its solution ways including method based on Shapley value, least core method, weak least core methods, proportional least core method, CGA method, MCRS method and so on were delineated. Finally through application of these methods it was concluded that to apply game theory in the optimal capital cost allocation issue is helpful to implement the total emission control planning schemes successfully, to control pollution effectively, and to ensure sustainable development.

An Extended Fuzzy-DEMATEL System for Factor Analyses on Social Capital Selection in the Renovation of Old Residential Communities

China has been promoting the renovation of old residential communities vigorously.Due to the financial pressure of the government and the sustainability of the renovation of old residential communities,public-private partnerships(PPP)have already gained attention.The selection of social capital is key to improving the efficiency of the PPP model in renovating old residential communities.In order to determine the influencing factors of social capital selection in the renovation of old residential communities,this paper aims to find an effective approach and analyze these factors.In this paper,a fuzzy decision-making and trial evaluation laboratory(fuzzy-DEMATEL)technique is extended and amore suitable systemis developed for the selection of social capital using the existing group decisionmaking theory.In the first stage,grounded theory is used to extract the unabridged key influencing factors for social capital selection in the renovation of old residential communities.Secondly,by considering the impact of expert weights,the key influencing factors are identified.The interactions within these influencing factors are discussed and the credibility of the results is verified by sensitivity analysis.Finally,these key influencing factors are sorted by importance.Based on the results,the government should focus on a technical level,organizationalmanagement abilities,corporate reputation,credit status,etc.This study provides the government with a theoretical basis and a methodology for evaluating social capital selection.

A Study on Psychological Capital of Cultivating High-quality Professional Farmers in the Background of Rural Revitalization

Under the background of rural revitalization,high-quality professional farmers are the backbone of modern agriculture.The cultivation of high-quality professional farmers has developed rapidly and achieved particularly obvious results.The number and quality of professional farmers have been continuously improved,and the scope and level of security have been continuously improved,and remarkable achievements have been made.The significance of studying it lies in that,under the trend of developing modern agriculture,the change of psychological capital of high-quality professional farmers as the object of cultivation has an important influence on the effect of cultivation.Studying the change of psychological capital of high-quality professional farmers can better improve the enthusiasm of high-quality professional farmers and improve their sense of self-efficacy,cultivate optimism,increase resilience in the face of difficulties,and enhance hope for better development.By referring to relevant literature,the author learned the current research status of many aspects of the cultivation of high-quality professional farmers in China,and had a certain understanding of its current situation.At the same time,the cultivation of high-quality professional farmers in Shanghai is in the forefront of the whole country.The author takes the leaders of Shanghai Agricultural Cooperatives as the investigation objects,and based on the social capital theory,studies their psychological capital situation and the influence of external factors on psychological capital situation.Psychological capital emphasizes who you are and what you want to be,while social capital emphasizes who you know and focuses on networks and connections.It is hoped that this study can provide suggestions on how to effectively increase the psychological capital of high-quality professional farmers.

On The Research of Foreign and Domestic Human Capital Theory

Human Capital Theory came into being in the middle and later periods of the 20th century. A lot of achievements have been made on the research in its connotation, measures of the value, investment and income, function mechanism and so on, by foreign scholars. In recent 10 years of the new Millennium alternation, the "steal business effect" and the structure of human capital on the mechanism of economic rise has become the two emphasis in current foreign Human Capital Theory’s research. On the basis of foreign researches and Chinese situations, domestic scholars have enriched and developed it, but there are many disparities in its methods, aspects and levels between foreign and domestic researches.

A study of the logical model of capital market complexity theories

Analyzes the shortcomings of the classic capital market theories based on EMH and discloses the complexity essence of the capital market. Considering the capital market a complicated, interactive and adaptable dynamic system, with complexity science as the method for researching the operation law of the capital market, this paper constructs a nonlinear logical model to analyze the applied realm, focal point and interrelationship of such theories as dissipative structure theory, chaos theory, fractal theory, synergetics theory, catastrophe theory and scale theory, and summarizes and discusses the achievements and problems of each theory. Based on the research, the paper foretells the developing direction of eomplexity science in a capital market.

Analysis on Capital Structure Theory and Enterprise Capital Structure Optimization

Enterprise capital structure means the various resources, combination and relationships of enterprise raising capital as well as means the short or long debts, shareholders＇ rights and interest, and the proportional relationships among constituting items. Capitals raised by enterprise from different ways constitute the capital sum. Because of changing enterprise operation, the capital structure is also various and it cannot be in a fixed proportion. Therefore, we need to optimize the capital structure of state-owned enterprises so as to reach the rational resources allocation and make the national economy develop soundly and rapidly. How to optimize it？ This is a big problem that we have to face. Debt-to-equity swap at the moment is only the transition for correcting capital structure of state-owned enterprises. Decreasing stocks owned by state is the inevitable choice for optimizing enterprise stock right.

Social networks, social capital,and the use of information technology in the urban village:A study of community groups in Manchester, England

Underresourced or socially excluded communities in Manchester, England demonstrate active use of information technologies despite continuing digital inequalities.A systematic look at 31 grassroots community groups, at how they use IT and who helps them, reveals possible mechanisms towards a more inclusive network society. Social network and social capital theories help make apparent how people are self-organizing with respect to information technology in ways that reach across ethnicity, class, gender, and generations for skilled help, yet stay close to their strong-tie, bonding-social-capital networks, relying largely on people in their own communities. Based on 25 measures of IT use, the groups fall into three progressively more extensive categories: Downloaders(using computers and the Internet, particularly e-mails), uploaders(maintaining a group web presence), and cyberorganizers(helping others to become uploaders or downloaders). These categories align with each individual group's purpose.

Construction of Green Theoretical Framework of Coal Resource Capitalization

In recent years, the Chinese government has asked enterprises to follow the path of “green development”. This requirement naturally becomes the guiding ideology of coal resource capitalization theory. this paper focuses on the core contents of the green development of coal resource capitalization, and uses the software of ROSTCM6 and UCINET to construct six frameworks of the green theory of coal resource capitalization with the method of “Condensed Subgroup”: the basic theory of capitalization, the conservation theory of capitalization, the environmental protection theory of capitalization, the harmonious coexistence theory of capitalization, the mainline development theory of ecological industry of capitalization Industrial theory, benign cycle sustainable development theory of capitalization, the paper further designs the outline content of the framework.

Rethinking Intellectual Capital Accounting Through Professional Sport Organizations

The purpose of this paper is to systematize sport accounting literature with intellectual capital(IC)lenses.Professional sport organizations are knowledge-based institutions,in which the IC plays a central role.IC is a significant driver for value creation for professional sport organizations and it is the expression of their market value.The relevance of IC in professional sport organizations allows us to delve into IC accounting research.Growing but highly fragmented literature focuses on accounting and reporting practices inside professional sport organizations,and analyzes single aspects of IC.As a starting point,we analyze the sport organizations’literature with the aim of investigating the IC value creation process.We then investigate IC accounting and reporting practices and the role of IC disclosure in relation to information transparency.The present work contributes to the extant literature by providing the“state of the art”of sport studies in accounting for IC.It also contributes to the extant literature by offering future avenues for advances in IC accounting research and theories.

Determinant Factors of Capital Structure of Firms-An Empirical Analysis Based on Evidence From Chinese Listed Retail Companies

This paper investigates the effectiveness of various factors upon the capital structure decisions of Chinese firms by conducting an empirical analysis of Chinese-listed retail companies.An unbalanced panel dataset was formed with a sample of 110 companies observed for 12 years(2010~2021).Each observation is measured quarterly.Traditional explanatory variables are adopted in the study,including profitability,company size,tangibility of assets,internal financing ability,tax ratio,growth opportunities,and volatility.By employing the Fama-Macbeth approach,the regression results are interpreted to determine the impact of independent variables upon the leverage a company takes on.To solve the reverse causality problem,we include the lag term(last quarter’s data)of the debt-to-equity ratio as control variables.Consistent with previous theoretical and empirical studies,firms’leverage ratio is positively related to size,tangibility,tax ratio,and last quarter’s debt level.Companies’profitability and internal financing ability are negatively correlated with their debt-to-equity ratio.Firms’earning volatility and growth opportunities do not show significant relationship with the debt-to-equity ratio.The study has provided more empirical evidence on capital structure theories regarding emerging financial markets.

Probing into the Influence of American Culture on Chinese Culture from the Angle of Cultural Capital--A Case Study of Hollywood Movies

In this paper,we study the features and implicature of Hollywood movies from the angel of cultural capital,identify development indicators of the Hollywood movie industry,thereby putting forward the future development path of Chinese film culture.

产融结合的同群效应研究——来自A股上市公司的经验证据

已有关于产融结合的研究较少从同群效应视角考察。本文基于中国沪、深两市A股2008—2020年非平衡面板数据,重点探究产融结合同群效应的存在合理性、产生机制及可能造成的经济后果。研究发现,产融结合分别在深度和广度两方面存在显著的同群效应,采用同群企业股票特质收益率作为工具变量及多项稳健性检验,结果依然成立。领导企业的产融结合同群效应表现为“竞争动机”,追随企业的产融结合同群效应是出于“信息动机”。产融结合同群效应能够降低企业面临的风险,但是会提高社会层面的整体风险水平。本研究拓展了同群效应及产融结合影响因素的研究边界,为政府部门完善有关经济政策、企业制定产融结合决策提供了理论依据与经验证据。

上下级工作与私人关系对员工越轨创新行为的差异性研究

在整合人情-面子理论和资源保存理论的基础上,通过Bootstrapping和RWA-Web两种方法对7家企业的257份多时点追踪调查数据进行分析,比较领导-成员交换关系和上下级私人关系影响员工越轨创新行为的直接效应和中介效应的差异。研究结果表明:领导-成员交换关系正向影响员工越轨创新行为;心理资本分别在领导-成员交换关系或上下级私人关系与员工越轨创新行为间发挥部分或完全中介作用;两类关系对员工越轨创新行为的积极影响存在差异,领导-成员交换关系的效应更强。

新质生产力的三重逻辑

新质生产力是以科技创新发挥核心作用的新型生产力,是符合高质量发展要求的生产力,其内涵可以结合生产力的性质变化来理解。新质生产力的形成,是生产力发生量变和质变的过程,也是人创造性认识和改造自然的现实能力的反映。政治经济学应该以“生产力-生产关系论”代替传统“生产关系论”作为研究对象,从而为科学理解“资本二重性”奠定基础。新质生产力必然与新质生产关系相结合形成“新质资本”,并在每一个细分领域和细分环节都扮演提高经济效率的角色。在实践逻辑上,要着力打造与新质生产力相适应的生产关系,加快培育、推动“新质资本”健康发展,以生产力进步为原则规范“新质资本”。

权力、资本的碎化与尺度修复:城镇开发边界的政治经济学解释

文章从权力、资本与空间互动的视角审视中国城市增长主义下的空间增长逻辑,为城镇开发边界划定提供理论认知与实践建议。研究发现:(1)央地间的用途管制冲突、市辖区间的经济发展机会争夺造成规划增量空间大规模碎片状分散;(2)资本再地域化的空间需求与城镇开发边界的空间供给错配,资本避险引发空间治理危机;(3)城镇开发边界通过尺度上移、尺度外移的方式实现资本积累的尺度修复。文章从政治经济学视角理解城市空间增长内在逻辑与城镇开发边界的内涵,对城镇开发边界的划定具有重要理论与实践价值。

数字经济驱动宏观经济治理体系完善的理论逻辑与政策实践——基于马克思社会再生产理论的分析

数字经济发展是供给—需求实现总量平衡、结构适配、质量协同升级的关键连接点。揭示数字经济下宏观经济的运行机制,研究适应数字经济的宏观经济治理体系,对于促进数字经济和实体经济深度融合有重要启示。基于马克思社会再生产理论,构建包含数字生产及其下游部门的四部类再生产模型。研究发现:数字要素部门的资本积累对总产出增长有棘轮效应;一旦发生负向的需求冲击,数字经济将有助于宏观经济保持韧性,避免短期总产出大幅减少;数字要素部门的相对独占性将可能削弱扩张性需求管理的政策效果。面对数字经济兴起对社会生产组织方式和运行模式的冲击,中国展开了完善宏观经济治理体系的政策实践。具体包括:发挥数字经济的高能增长极作用,协同推进需求总量调控与供给体系质量提升;释放数字经济的创新驱动力,构建适应数字技术创新周期的宏观资源筹措、调峰和配置机制;激活数字经济的要素黏合效应,形成宏观经济政策与产业、区域等政策紧密配合的宏观治理体系。

财政资助能否提升人力资本?——基于CEPS数据的实证分析

义务教育阶段的财政资助是中国特色重大专项转移支付。基于新人力资本理论,运用倾向得分匹配的固定效应模型,依据中国教育追踪调查数据(CEPS),考量财政资助对人力资本的影响。结果显示:财政资助有助于提升人力资本,具体表现在对个人非认知能力及其外向性、尽责性与开放性的提升。同时,自我教育期望和父母陪伴在财政资助与人力资本中起到部分中介作用。鉴于此,应进一步深化财政资助工作的育人属性,注重人力资本积累,因人施策提升财政资助绩效。

供应链融资对营运资金管理效率的影响

通过实证分析,探讨供应链融资对企业营运资金管理效率的影响,能够为企业降低融资成本、提高资金利用率提供策略建议,有助于推动企业高质量发展。选取2010—2022年制造业A股上市公司的面板数据,运用定量分析方法,从渠道管理视角出发,探讨采购、生产、营销3个渠道下供应链融资水平对营运资金周转期的影响。实证结果表明,在采购渠道下,供应商信赖度与营运资金周转期呈负相关关系,而短期应付账款比例与营运资金周转期呈正相关关系;在生产渠道下,生产渠道资金占用水平和链内薪金占用水平对营运资金周转期均有负向影响;在营销渠道下,客户信用依赖度和短期应收账款比例与营运资金周转期均呈负相关关系。此外,从整体层面研究发现,供应链信用依赖度对营运资金周转期有负向影响,而供应链资金占用度对营运资金周转期有正向影响。因此,合理运用供应链融资,可以显著提高营运资金管理效率。通过进一步研究发现,产权性质、是否为高科技企业以及市场地位的异质性分析对于理解供应链融资对营运资金管理效率影响的作用效果具有重要意义。

中国式现代化与关系社会学理论创新

中国式现代化为中国社会学理论创新提出了时代任务。西方社会学的现代化理论聚焦社会行为从传统向现代的模式转变,但囿于欧美中心主义和二元对立的哲学理念,欧美社会学家提出的论断漠视世界其他国家的现代化经验,忽视传统与现代之间的连续性,轻视社会行为背后的联系性研究。中国主体话语的关系社会学继承和发展了中国社会学派的联系性理论视角,创立十余年来获得了中国关系纽带、关系机制、关系文化、关系网络等四个方面的理论突破。从中国式现代化的五大中国特色出发,就关系社会学的未来研究议题提出了新的理论命题,包括人口规模巨大视域下的社会关系模式渐变命题和代际关系调适命题、全体人民共同富裕视域下的促进型和抑制型关系机制命题、物质文明与精神文明协调发展视域下的关系纽带变迁命题和关系行为惯习命题、人与自然和谐共生视域下加强环保意识和强化环保行为的关系作用命题、走和平发展道路视域下的中国关系网络相对优势命题。