Corporate digital responsibility (CDR) is emerging as a prominent issue and has been sporadically discussed in the relevant literature. Due to the limited research on assessing digital responsibility, this study developed a scale that measures CDR from a consumer perspective. A mixed-methods approach was employed to develop and validate the scale. First, an exploratory qualitative study was conducted to conceptualize consumer-centric CDR and formulate the underlying constructs and measures. This was followed by a quantitative study to confirm the validity and reliability of the qualitative results. The scale development and validation process resulted in a measure consisting of six dimensions: digital transparency, digital privacy, digital quality, digital remedy, digital accessibility, and digital inclusiveness. This study contributes to corporate social responsibility research by introducing a consumer-centric CDR scale, which provides practitioners with insights into how to execute responsible practices in the digitalized business arena, reflecting the preferences and expectations of consumers regarding digital responsibility.

Numerous studies have explored the relationship between cooperation and inter-individual trust. However, the understanding of the dynamic interaction process of trust among networked agents with bounded rationality remains limited. To bridge this gap, this paper develops an evolutionary game model that incorporates a trust perspective considering emotional scaling. Trust is quantified based on individuals’ limited memory of interaction experiences, acting as a perturbation factor that influences cooperative strategies. The role of emotional factors, particularly guilt and anger, in trust formation is emphasized. Extensive numerical simulations reveal that introducing trust greatly enhances cooperation in the system, especially in networks with lower randomness. Trust-based cooperative decision-making demonstrates evident historical path dependence characteristics. Notably, the effects of emotions differ. Guilt effectively motivates defectors to switch strategies, thereby enhancing cooperation. In contrast, the influence of anger on cooperation diminishes as it becomes intertwined with other factors during the trust-building process. The empirical results of higher returns for low-trust groups have also been validated in this paper. Overall, this work contributes to a deeper understanding of the mechanisms underlying cooperation formation.

从平台生态系统的视角深入探索平台企业与互补企业间的协同合作路径，通过构建演化博弈模型分析双方协同合作策略选择的演化过程，深入剖析相关因素对实现协同合作的影响作用，找到双方实现协同合作的具体路径;同时发现风险成本、收益分配份额、惩罚系数等因素对双方策略的选择有重要的影响作用;且双方初始概率的不同组合也会影响双方最后策略的选择。研究结果对平台企业与互补者建立长期协同合作发展具有指导意义。

以典型的创新企业为样本,从任务复杂程度与关系专用性资产的互动切入,探讨了基于关系传递的创新企业适宜采用哪种治理机制.结果发现:当创新企业承担的任务复杂程度较高,在投入较高的关系专用性资产的交易中,会采用信任机制;在关系专用性资产投入较低的交易中,创新企业会采用基于契约的信任机制.当创新企业承担的任务复杂程度较低,在关系专用性资产投入较低的交易中,会采用契约机制;在投入较高的关系专用性资产的交易中,创新企业会采用基于信任的契约机制.

冗余资源是否多多益善?不同形式、不同性质冗余资源的存在既能够帮助企业开发新机会,也可能会降低企业的运营效率,因此冗余资源与创新绩效关系的研究结果一直存在争议.已有研究大多从企业内部视角探索冗余资源对创新绩效的影响,本文首次引入网络视角作为上述关系的边界条件,以创业板上市公司联盟数据库中2010—2016年的数据为样本,检验联盟组合资源多样性对冗余资源与创新绩效关系的调节作用.研究发现,非沉淀性冗余资源对创新绩效产生正向影响,沉淀性冗余资源对创新绩效产生负向影响;而联盟组合资源多样性负向调节非沉淀性冗余资源与创新绩效的关系.研究结果表明了在联盟组合情境下冗余资源对创新绩效的作用机理,同时企业应合理配置冗余资源,应对企业发展过程中的不确定性,努力提升企业的创新绩效.

以中国2010年至2019年沪深A股上市公司为样本,运用社会网络分析(SNA)方法,研究股东网络、两类代理成本与企业创新绩效之间的关系.结果表明,股东网络有利于企业创新绩效的提高,两类代理成本在股东网络与企业创新绩效之间有部分中介效应.同时发现,第一类代理成本的中介效应低于第二类代理成本的中介效应,原因在于第一类委托代理关系中股东网络降低了股东与高管之间的信息不对称,进一步降低了第一类代理成本,从而提升了企业的创新绩效;而在第二类委托代理关系中股东网络较大幅度地增加了中小股东的谈判能力,进而降低了大股东对中小股东的剥削程度,也就降低了第二类代理成本,进而也提升了企业的创新绩效,但是第一类代理成本的降低可能小于第二类代理成本的降低.这一研究深化了股东网络与企业创新绩效的认知,细分了两类代理成本的作用机制.

本文基于资源基础理论、交易成本理论和人力资本理论,对108家企业的368起收购事件进行问卷调查.研究显示,外部股东的异质资源优势对其获取创业企业股权和控制权具有重要作用.异质资源仅具有市场谈判地位,能够帮助其降低市场间交易成本,获取创业企业股权,但无法获取控制权;异质资源同时具备市场谈判能力和公司治理能力,能够帮助其降低市场壁垒和内部治理的成本,获取控制权.创始人人力资本的专有性和专用性会影响外部股东在市场和企业的谈判能力.

随着B2C网络平台的发展,嵌入商户的刷单炒信、假冒伪劣等行为给平台企业带来的嵌入风险越来越明显.基于入驻商家和消费者的双重嵌入性、参与者行为的交互影响以及有限理性的假设条件,本文构建了包含"网络平台—入驻商家—消费者"的嵌入风险演化博弈模型,运用演化博弈理论和李雅普诺夫判别法分析了均衡点的渐近稳定性及系统的演化稳定策略,并使用MATLAB软件对三方主体行为策略的演化过程进行仿真分析.结果 表明:嵌入风险的演化是各利益相关主体博弈互动的结果;降低监管成本、加大违规行为的惩罚力度、提高违规成本有助于推动系统向理想策略演化.因此,B2C网络平台可通过优化算法降低监管成本、建立多方共治体系加大监管力度、提高违规成本以及优化维权机制等方式对嵌入风险进行控制.

本文以信息技术发展和资本市场监管转型为背景,利用深交所"互动易"平台和上交所"上证e互动"平台中问答板块2010-2018年中国A股上市公司网络平台互动数据,实证检验了上市公司和投资者通过交易所网络平台进行互动对企业融资约束的缓解作用.实证结果显示:网络平台互动能够显著缓解企业融资约束,内生性处理和稳健性检验的结果依然支持这一结论;作用机制检验的结果表明,网络平台互动是通过缓解信息不对称程度进而来缓解融资约束的;进一步研究的结果显示,高质量的网络平台互动能更有效降低融资约束程度,网络平台互动缓解融资约束具体表现为扩大企业外源融资规模.本文的研究从融资约束缓解的视角为利用网络互动平台提升资本市场效率提供了经验证据.

本文基于资源基础理论和计划行为理论,分析了产业资本的投资能力与投资意愿对获取创业企业所有权的影响.在问卷调查的基础上得出产业资本的投资能力和投资意愿均会对剩余收益权、剩余控制权产生影响;在获取剩余控制权时,产业资本的投资能力和投资意愿之间存在互补作用;不同行业中,产业资本投资能力和投资意愿的互补作用存在不同.相对于传统行业,高技术行业投资能力起主导作用,即具有高投资能力的产业资本更易获得剩余控制权("能者居之");具有低投资能力的产业资本则难以依赖高投资意愿完成并购实现产业长远发展("心余力绌").传统行业中投资意愿起主导作用,具有高投资意愿的产业资本会收购并控制传统企业.本文创新之处在于从产业资本存量资源背后所具有的能力和意愿出发,挖掘出其在获取创业企业收益权与控制权过程中的内在机制,并进一步从行业异质性入手,发现产业资本进行投资的内在逻辑,为其实现数字化转型提供有益的参考.

用户生成内容(UGC)质量问题日益凸显,内容治理成为UGC平台发展的关键行为.研究探索了UGC平台内容治理的影响因素,分析了不同因素对平台、中介机构和用户三方行为路径的影响,为平台开展内容治理、探寻"安全-发展"路径提供决策依据.通过构建"UGC平台-MCN机构-头部用户"三方演化博弈模型,运用复制动态方程分析和MATLAB软件仿真分析,模拟三方博弈主体在内容治理中的策略演化路径.研究发现,惩罚成本和治理强度、中介机构管理成本、流量损失和声誉损失等因素对内容治理主体的决策行为具有重要影响,据此提出有利于博弈主体向{治理,管理,合规}稳定点演化的建议措施,以期促进UGC行业更加健康稳定发展.

从优化高新技术企业资源配置的角度出发,按照绩效审计与技术创新水平之间的关联属性,对高新技术企业技术创新绩效审计的现实要求进行分析,给出了技术创新绩效与审计框架,并以高新技术企业技术创新绩效审计原则为参照,探讨审计评价的瓶颈,从多个层面给出绩效审计评价的有效路径.希望借此能够为高新技术企业技术创新绩效审计和评价提供可以参照的策略,在降低不必要成本的同时提升创新绩效和企业市场竞争力.同时,通过对企业内外信息的审计评价,还能过滤掉无用信息,识别出有助于技术创新的信息,这对提高企业创新绩效是大有裨益的.

本文以我国A股2007年一季度至2015年四季度发布业绩预告的上市公司为样本,检验了投资者注意力对上市公司管理层业绩预告择机的治理作用.检验结果表明:投资者注意力提高能显著促进管理层选择在交易日发布业绩预告,对上市公司管理层业绩预告择机具有积极监督作用;但是,在管理层对坏消息业绩预告择机中更显著表现为过度压力作用,即更可能导致管理层选择在非交易日发布坏消息业绩预告;通过内生性检验、替换研究变量等方式进行的稳健性检验结果均支持以上结论.进一步的检验发现,公司投资者构成中机构投资者比例的提高对投资者注意力的积极监督作用或过度压力作用具有显著强化效应.本文的研究对积极发挥投资者注意力的治理功能,突出市场参与主体的监管作用,促进监管方式由行政主导向市场主导转变具有积极的实践意义.

<span id="ChDivSummary" name="ChDivSummary" class="abstract-text">网络情境下,由信息关注、信息传递、信息共享与信息内化四个递进性要素所构成的信息治理能力是创新实现的前提。以往研究表明,在跨组织联结网络中,外部关系强弱和网络位置高低通过管理者的信息治理能力对创新绩效发挥作用,但强关系和弱关系的作用效果在学术界尚未达成一致。本文以信息治理能力作为中介变量,从网络位置、互动程度和嵌合程度三个角度考量跨组织联结网络,探索其对创新绩效的影响。通过对258家高新技术企业问卷数据的实证分析发现,网络位置中心度、网络关系的互动程度与嵌合程度均与创新绩效存在积极的正向关系;信息治理能力对模型具有不完全的中介作用,其四个要素的影响系数呈逐次增大趋势。本文进一步验证管理者的年龄、学历结构、工作变动和工作年限的影响发现,对于46岁以下、学历在本科及以上、工作年限在5年以上且工作变动次数大于1次的管理者,关系强度与网络位置对创新绩效的正向作用显著。本文的研究结论有助于判断组织联结关系对创新绩效的影响,为管理者认知理论在组织行为选择方面的研究提供了新的视角。</span>

本文旨在从专用性人力资本特征视角, 考察CEO任期与企业绩效的关系.基于2010—2014年沪深A 股非金融类上市公司样本, 本文的实证研究发现, CEO任期与企业未被操纵的真实绩效及企业互补资产的投资效率呈显著正相关关系, 与企业被操纵的异常绩效呈显著负相关关系.这一结论表明, 较长的CEO任期对企业绩效的提升具有真实性、可靠性和持续性的作用; 为了进一步提升企业绩效, 政府部门应减少对国有控股上市公司高管任职期限的干预, 以使企业高管减少短期行为, 形成长期稳定的预期, 同时, 尽快建立起市场化的CEO评价体系, 完善管理层激励制度已成为我国上市公司治理中的重要任务.

Social e-commerce is a new business model that integrates social network and e-commerce. In the era of mobile internet, it opens up a new space for the development of network economy. Trust is an important mechanism for the development of social e-commerce platform. The paper studies the transformation mechanism and factors which affect the user ‘s trust on social e-commerce platform, analyzes multi-stage and multi-dimensional factors of trust based on the grounded theory, and constructs a dynamic hierarchical upgrading theoretical model of trust mechanism from the embedded perspective. The findings show that the embedding stage between the user and platform is divided into relational embeddedness, structural embeddedness and cognitive embeddedness, which corresponds to the evolving path of "identity trust-behavioral trust-cognitive trust-emotional trust". The factors which affect the transformation path are relationship network, structure system and quality effect. The conclusion enriches the theoretical connotation of trust mechanism of e-commerce platform, and there will be certain theoretical guidance and practical enlightenment for the development of domestic social e-commerce platform.

作为一种长期稳定嵌入于企业中的非正式制度安排,连锁董事网络能否通过资源获取和信息传递功能降低权益资本成本有待深入探讨.本文利用2009-2016年中国沪深A股上市公司相关数据,通过社会网络分析方法考察连锁董事网络对权益资本成本的影响效应和作用路径.结果表明,较高的连锁董事网络位置能够显著降低权益资本成本;在内生性检验和一系列稳健性测试后,上述结论依然成立.中介效应检验表明,经营风险和信息风险在连锁董事网络影响权益资本成本中均发挥了显著的中介作用,即较高的连锁董事网络位置可以通过缓解经营风险和信息风险来降低权益资本成本.结论为深入理解连锁董事网络影响权益资本成本的内在机制提供了经验证据.

This study selects samples of 2896 IPO companies in the A-share capital market in 1990—2015, and takes the IPO event as the research object. In this paper, the effect of IPO earnings transparency on investors’heterogeneous beliefs and the impact of the IPO system reform on this role are studied. The test results show that: First, we group the sample based on the mean and median of IPO earnings transparency variables and conduct a comparative test. In general, the results show that investors’heterogeneous beliefs in group with high IPO earnings transparency are significantly lower than those in group with low IPO earnings transparency. After controlling the influence of other factors, we find that IPO companies reduce earnings transparency by improving earnings manipulation through accounting policies and real activities, and with the decrease of earnings transparency, investors’heterogeneous beliefs are significantly improved. After extending the window period, the results show that the reduction of earnings transparency caused by IPO’s manipulation of earnings information through accounting policies and real activities significantly leads to the higher heterogeneity of investors’beliefs in the longer window period after IPO. Second, the IPO system reform at various stages has significantly affected the effect of IPO earnings transparency measured by accrual earnings management on investors’heterogeneous beliefs, but the effect of IPO earnings transparency measured by real earnings management and total earnings management on investors’heterogeneous beliefs is not significantly affected by the IPO system reform at various stages except the significant weakening effect of the reform from quota management to index management. This study shows that earnings transparency significantly affects the formation of investors’heterogeneous beliefs. The IPO system reform has played a certain moderating effect in this process. The overall performance of the IPO system reform is the improvement of the marketization of system implementation, which will gradually highlight the decisive role of the market in resource allocation, and enhance the correlation between the management information disclosure strategy and investors’decision-making. Investors’understanding and application of information directly affect the effectiveness of the capital market, and transparent information will help investors form a consistent understanding of the value of IPO companies and reduce transaction volatility. Therefore, in the process of the market-oriented reform of the IPO system, it will be one of the most important ways to stabilize the market volatility by improving information transparency to reduce investors’heterogeneous beliefs in decision-making.

合法性是平台型企业生存和发展的保障,现有研究并未对平台型企业成长过程中如何获取各类合法性进行系统研究.文章采用案例研究的方法,分析滴滴出行的合法性获取演化过程,探析平台型企业在不同阶段的制度压力约束下如何获取发展所需的不同类型合法性资源.研究发现:平台型企业成长的不同阶段所需要的合法性资源的类型不同,初创期需要认知合法性、震荡期需要规范合法性和稳定期需要规制合法性;制度压力是主导合法性获取与选择的决定因素,平台型企业依托"嵌入制度顺从制度构建制度"的路径动态获取各类合法性资源,逐步实现合法化.

Through literature review, firstly, it is found that the basic elements of network organization evolution include the evolution of node capabilities, network relationships, and network structure evolution; secondly, strategic situation, high-level orientation, information filtering process of managers, organizational results, and the co-action between organizational consistency and adaptability drive the evolution of network organization; thirdly, this paper sorts out the cognitive model of network organization evolution from the three dimensions of environment, resources and synthesis, including the cognitive model of the environmental perspective and the cognitive model of adaptation, the view of resources from the perspective of convention and the perspective of the prospective outlook, and the integration of perspectives. The limitations of existing literature researches are as follows: Firstly, the existing researches are mainly static perspective analyses, in subsequent studies, the microcosmic factors, endogenous perspective and dynamic perspective of evolution should be emphasized on, and the evolution logic of the value chain, resource chain and behavior chain should be clarified. Secondly, the existing researches mainly focus on the impact of node enterprise managers' cognition on organizational evolution, and lack of research on sharing cognition among organizations. In future research, the driver role of managers' sharing cognition and the interaction between information, relationship and structure should be concerned. Thirdly, previous studies are mainly the analyses of the evolution of individual factors, and lack of analyses from the perspective of integration. The issues of collaborative evolutionary between management cognition, network organization and behavior pattern should be focused on. Fourthly, We should pay attention to localization research. In this paper, it carries out detailed analyses of the higher order theory and the theory of situational dualism driving role in the evolution of network organization, summarizes the evolution of network organization cognitive model, and extends the research scope of network organization evolution, which have certain theoretical value. In addition, the relationship between management cognition and the evolution of network organization can help senior managers of enterprises to accurately carry out strategic positioning and effectively select the organizational behavior pattern.