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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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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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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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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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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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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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Cross-border Urban Networks Based on Manufacturing Global Value Chain:A Study of Listed Companies in Western China
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作者 MAN Shan YANG Yongchun +1 位作者 ZENG Tonggang WANG Meimei 《Chinese Geographical Science》 SCIE CSCD 2023年第6期1033-1052,共20页
Cross-border investment is essential for western China’s globalization.Global value chain(GVC)forms cross-border investment networks between industries in western China and overseas cities.Focusing on GVC,this study ... Cross-border investment is essential for western China’s globalization.Global value chain(GVC)forms cross-border investment networks between industries in western China and overseas cities.Focusing on GVC,this study uses the social network analysis method,entropy method,multi-index comprehensive evaluation method,and quadratic assignment procedure analysis method to examine the characteristics and influencing factors of the urban networks of research and development(R&D),production,and sales formed as a result of the overseas investments of listed manufacturing companies in western China.Results showed that the three types of investment networks involved multiple industry types and multiple central cities with differentiated diversity and multicentrality.The R&D urban network’s leading sub-industries were the mechanical equipment and instruments,medicine and biological products,and metal and nonmetal industries.The destination cities were mostly those home to educational and scientific research centers.The production urban network’s leading sub-industries were the mechanical equipment,instrument,and food and beverage industries.The destination cities were mostly regional central cities in developing countries.The sales urban network’s leading sub-industries were the mechanical equipment and instrument,metal and nonmetal,and petrochemical and plastics industries.The destination cities were numerous and scattered.In addition,the R&D urban network easily formed specialized clusters,core nodes easily controlled the production urban network,and individual nodes did not easily control the sales urban network.Technological and economic system advantages greatly impacted the three network types.Considering the different influencing factors,this study suggests optimizing the institutional investment environment to narrow the institutional gap,adjusting and optimizing the investment layout to expand overseas markets,and increasing R&D funds to stimulate technological progress and overseas investments in western China. 展开更多
关键词 manufacturing industry Global value chain(GVC) overseas investment cross-border networks western China
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Intellectual Capital in Knowledge Management Organizations
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作者 Salwa Alhamoudi 《Economics World》 2023年第4期178-186,共9页
This paper templet is copyright by Global Conference on Business and Social Science organized by Global Academy of Training&Research(GATR)Enterprise.Intellectual capital and knowledge are the most important assets... This paper templet is copyright by Global Conference on Business and Social Science organized by Global Academy of Training&Research(GATR)Enterprise.Intellectual capital and knowledge are the most important assets of most organizations to ensure that determined or intended strategies can be implemented.The resource-based view of the firm considers the firm as a bundle of tangible resources,intangible resources,and organisational capabilities.An effective IC refers to the critical issues of organisational adaptation,survival and competence in the face of discontinuous environmental change.KM is essential for retaining employees’knowledge within a firm by using appropriate technology and tools to capture and store the knowledge residing in the minds of its employees,so it can be easily shared and reused.There is a growing realisation of the importance of the development and understanding of theory for both Intellectual Capital and Knowledge Management in relation to guide the successful development of Knowledge Management Organisations.This study is fundamental because it will provide the whole picture about the different levels of knowledge;individual,group and organizational,which express internal knowledge(formal and informal knowledge)and external knowledge such as customers and suppliers.The aim of this study is addressed some of the gaps in Intellectual Capital literature.It is necessary to investigate the interactions between IC components in Knowledge management organizations,which include human capital(HC),Organizational capital(OC),and Relational capital(RC).This is important in order to discover the extent to which these factors work together to achieve a network’s knowledge management in organization. 展开更多
关键词 knowledge management intellectual capital human capital organization capital relational capital
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Effects of financial development and capital accumulation on labor productivity in sub‑Saharan Africa:new insight from cross sectional autoregressive lag approach
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作者 Joshua Dzankar Zoaka Hasan Gungor 《Financial Innovation》 2023年第1期1-18,共18页
This study aims to shed light on the effects of financial development and accumula-tion of capital on the productivity of labor in the sub-Sahara African region within the period of 1990–2018.In this work,we used the... This study aims to shed light on the effects of financial development and accumula-tion of capital on the productivity of labor in the sub-Sahara African region within the period of 1990–2018.In this work,we used the(dynamic)common correlated effects estimator-mean group and additional techniques such as cross-section autoregressive distributed lag to calibrate the sample into the African subregion to ensure robustness.The findings reveal that financial progress in the region over time leads to an increase in productivity of labor and also the accumulation of capital.Furthermore,financial markets have a progressive impact on the productivity of labor within sub-Saharan African regions.We extend the very limited literature on the nexus between financial development and labor productivity by incorporating capital accumulation into our model which has not been previously studied. 展开更多
关键词 Productivity of labor Financial development CS-ARDL capital accumulation Sub-Saharan Africa
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China's Actual Utilized Foreign Capital Reached New High in 2022
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作者 Lily Wang 《China's Foreign Trade》 2023年第1期13-15,共3页
In 2022,China’ s actual utilized foreign capital reached a historical high.According to the data released by the State Council Information Office,China’s actual use of foreign capital continued to increase in 2022,r... In 2022,China’ s actual utilized foreign capital reached a historical high.According to the data released by the State Council Information Office,China’s actual use of foreign capital continued to increase in 2022,reaching RMB 1.2trillion,which is a new high historically. 展开更多
关键词 capital continued utilized
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An Extended Fuzzy-DEMATEL System for Factor Analyses on Social Capital Selection in the Renovation of Old Residential Communities
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作者 Guoshuai Sun Xiuru Tang +1 位作者 Shuping Wan Jiao Feng 《Computer Modeling in Engineering & Sciences》 SCIE EI 2023年第2期1041-1067,共27页
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 ... 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. 展开更多
关键词 Social capital selection fuzzy-DEMATEL influencing factors renovation of old residential communities grounded theory
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Female directors in the boardroom and intellectual capital performance:Does the“critical mass”matter?
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作者 Hafiz Mustansar Javaid Qurat Ul Ain Rita D’Ecclesia 《Financial Innovation》 2023年第1期1995-2018,共24页
This research aims to investigate the influence of female directors on Intellectual Capital Performance(ICP)using a sample of manufacturing-listed companies in China.Our study investigates the link between having two ... This research aims to investigate the influence of female directors on Intellectual Capital Performance(ICP)using a sample of manufacturing-listed companies in China.Our study investigates the link between having two or more female directors and the Modified Value-Added Intellectual Coefficient(MVAIC)methodology,employing the critical mass theory from 2004–2017.We find that having a critical mass of female directors(three or more)shows a significant positive impact on MVAIC and its components,including human capital efficiency,structural capital efficiency,relational capital efficiency,and physical capital efficiency,with physical capital being the critical driver.Our study reveals that the critical mass participation of female directors substantially influences the IC efficiency of privately owned companies compared to state-owned companies.Moreover,the number of female directors also affects the IC performance of manufacturing companies in multiple regions.Our findings support the validity of group classification identified by Kanter and Critical Mass Theory.To the best of our knowledge,this is one of the few pieces of research that studies the role of female board directors in IC performance and Chinese manufacturing firms using MVAIC as an IC measure. 展开更多
关键词 Corporate governance Female directors Critical mass Intellectual capital State-owned enterprises(SOEs) China
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A Study on Psychological Capital of Cultivating High-quality Professional Farmers in the Background of Rural Revitalization
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作者 WANG Huibo DONG Hui +1 位作者 ZHANG Tongyan ZHONG Tianyi 《Psychology Research》 2023年第11期511-521,共11页
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 particularl... 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. 展开更多
关键词 rural revitalization high-quality professional farmer social capital theory psychological capital
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Digital Development Rights in Developing Countries:Where the Governance Rules for Cross-Border Data Flows
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作者 李艳华 JIANG Yu(译) 《The Journal of Human Rights》 2023年第5期1040-1066,共27页
The digital development rights in developing countries are based on establishing a new international economic order and ensuring equal participation in the digital globalization process to achieve people's well-ro... The digital development rights in developing countries are based on establishing a new international economic order and ensuring equal participation in the digital globalization process to achieve people's well-rounded development in the digital society.The relationship between cross-border data flows and the realization of digital development rights in developing countries is quite complex.Currently,developing countries seek to safeguard their existing digital interests through unilateral regulation to protect data sovereignty and multilateral regulation for cross-border data cooperation.However,developing countries still have to face internal conflicts between national digital development rights and individual and corporate digital development rights during the process of realizing digital development rights.They also encounter external contradictions such as developed countries interfering with developing countries'data sovereignty,developed countries squeezing the policy space of developing countries through dominant rules,and developing countries having conflicts between domestic and international rules.This article argues that balancing openness and security on digital trade platforms is the optimal solution for developing countries to realize their digital development rights.The establishment of WTO digital trade rules should inherently reflect the fundamental demands of developing countries in cross-border data flows.At the same time,given China's dual role as a digital powerhouse and a developing country,it should actively promote the realization of digital development rights in developing countries. 展开更多
关键词 developing countries digital development rights cross-border data flows governance rules
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A Critical Review of the Effects of Stock Returns and Market Timing on Capital Structure
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作者 YE Hongru JI Jie ZOU Yuanyuan 《Management Studies》 2023年第6期312-321,共10页
Capital structure is regarded as the combination of debt and equity firms used to finance operations and investments.The choice of capital structure significantly impacts a company’s cost of capital,profitability,and... Capital structure is regarded as the combination of debt and equity firms used to finance operations and investments.The choice of capital structure significantly impacts a company’s cost of capital,profitability,and risk profile.Among a series of factors that affect capital structure,this paper focuses on stock returns and market timing.In this review,an array of papers is analyzed to summarize what current research claims regarding the influence of stock returns and market timing on capital structure.This paper centers on the stock return and market timing theories and also discusses other theories like the trade-off theory,the pecking order theory,and the signaling theory. 展开更多
关键词 capital structure stock returns market timing
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Analysis of the Development Environment and Trend of Cross-Border E-commerce in China
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作者 Yanxia Li Can Xu Ping Zhu 《Proceedings of Business and Economic Studies》 2023年第6期30-38,共9页
With the conclusion of the novel coronavirus pandemic and the increasingly complex market environment,China’s cross-border e-commerce has entered a new phase of development.The external landscape is evolving rapidly,... With the conclusion of the novel coronavirus pandemic and the increasingly complex market environment,China’s cross-border e-commerce has entered a new phase of development.The external landscape is evolving rapidly,and there is a gradual improvement in laws and regulations governing cross-border e-commerce,coupled with increased government support.Despite the impact of the COVID-19 pandemic on the market economy,overall development has been steadily improving.The Internet population is expanding,the online retail market is experiencing rapid growth,the consumption structure is undergoing transformation and upgrading,and the e-commerce market is demonstrating significant potential.The advancement of technologies such as big data,artificial intelligence,blockchain,and supply chain has provided more efficient operational support for the cross-border e-commerce industry.Against the backdrop of the emergence of new forms of cross-border e-commerce in China post-pandemic,this paper utilizes the PEST model to analyze the macro environment of cross-border e-commerce in China and project its future development trends. 展开更多
关键词 cross-border e-commerce Environmental analysis Development trend
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