Previous literature showed mixed results about the impact of CEOs’financial literacy(CFL)on small and medium-sized enterprises’(SMEs)innovation.This relationship can be motivated by relevant variables,which are miss...Previous literature showed mixed results about the impact of CEOs’financial literacy(CFL)on small and medium-sized enterprises’(SMEs)innovation.This relationship can be motivated by relevant variables,which are missing in the previous literature and make a difference as mediators.In this sense,based on the theoretical framework related to upper echelon theory and resource-based view,this study focuses on the mediating effect of risk-taking attitude and management control systems(MCS)varia-bles.Empirical data from 310 SMEs gathered using a qualitative research questionnaire are analyzed using structural equation modeling methodology.Specifically,estimations are carried out considering the partial least square method.Findings show that MCS and managers’risk attitudes fully mediate the relationship between financial literacy(FL)and innovation.Between these two mediating variables,the implementation of MCS stands out because it also enables the mediating effect of CEOs’risk-taking in the CFL–technological innovation relationship.As the results do not support the significant direct relationship between FL and risk attitude,they confirm an indirect effect through MCS.Furthermore,based on the study findings,SMEs’directors and owners,business associations,and public authorities can improve SMEs’technological innovation by implementing training programs and policies to foster CFL.They can also acknowledge the interdependency between organizational factors and individual characteristics to enhance SMEs’technological innovation.展开更多
In this paper, the dispersion managed soliton (DMS) transmission equation is built on considering the effects of polarization mode dispersion (PMD) and filter control. The DMS transmission of filtering control in cons...In this paper, the dispersion managed soliton (DMS) transmission equation is built on considering the effects of polarization mode dispersion (PMD) and filter control. The DMS transmission of filtering control in constant birefringence fibers is firstly analyzed by varitional method, from which the evolving rules of characteristical DMS parameters are obtained. Secondly, the stability of DMS transmission and its timing jitter are investigated in the random varying birefringence fibers with the conventional model of PMD. The results reveal that filter control DMS system has powerful robustness to PMD effects and DMS's timing jitter can be decreased considerably with the help of filters.展开更多
文摘Previous literature showed mixed results about the impact of CEOs’financial literacy(CFL)on small and medium-sized enterprises’(SMEs)innovation.This relationship can be motivated by relevant variables,which are missing in the previous literature and make a difference as mediators.In this sense,based on the theoretical framework related to upper echelon theory and resource-based view,this study focuses on the mediating effect of risk-taking attitude and management control systems(MCS)varia-bles.Empirical data from 310 SMEs gathered using a qualitative research questionnaire are analyzed using structural equation modeling methodology.Specifically,estimations are carried out considering the partial least square method.Findings show that MCS and managers’risk attitudes fully mediate the relationship between financial literacy(FL)and innovation.Between these two mediating variables,the implementation of MCS stands out because it also enables the mediating effect of CEOs’risk-taking in the CFL–technological innovation relationship.As the results do not support the significant direct relationship between FL and risk attitude,they confirm an indirect effect through MCS.Furthermore,based on the study findings,SMEs’directors and owners,business associations,and public authorities can improve SMEs’technological innovation by implementing training programs and policies to foster CFL.They can also acknowledge the interdependency between organizational factors and individual characteristics to enhance SMEs’technological innovation.
基金This work was supported by the National Natural Science Foundation under Grant No.69982006 and 60132040.
文摘In this paper, the dispersion managed soliton (DMS) transmission equation is built on considering the effects of polarization mode dispersion (PMD) and filter control. The DMS transmission of filtering control in constant birefringence fibers is firstly analyzed by varitional method, from which the evolving rules of characteristical DMS parameters are obtained. Secondly, the stability of DMS transmission and its timing jitter are investigated in the random varying birefringence fibers with the conventional model of PMD. The results reveal that filter control DMS system has powerful robustness to PMD effects and DMS's timing jitter can be decreased considerably with the help of filters.
