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"This book is a collection of innovative research that systematically explores the operation mechanism of sustainable entrepreneurship ecosystem from macro and micro aspects so as to provide value for promoting economic vitality and regional economic development"--

"This book examines the business aspects of the belt and road strategy. This strategy aims to connect countries along the routes in Asia, Europe, Africa, to strengthen the partnerships, and to construct a comprehensive and multilevel interconnected network to achieve pluralistic, independent, balanced, and sustainable development"--

This book provides relevant theoretical frameworks and the latest empirical research findings in the areas of green finance, internet finance and sustainable finance.

This study investigates the relationship between corporate environmental responsibility and corporate philanthropy. Using a sample of Chinese listed firms from 2008 to 2013, this paper examines the role of corporate environmental responsibility in corporate philanthropy and the moderating influence of the institutional environment using multilevel analysis. The results show that corporate eco-friendly events are positively associated with corporate philanthropic strategy to a significant degree. Provincial-level government intervention positively moderate the positive relationship between eco-friendly events and corporate philanthropy and government corruption is negatively moderate the relationship. All these results are robust according to robustness checks. These findings provide a new perspective on corporate philanthropic strategy as a means to obtain critical resources from the government in order to compensate for the loss made on environmental responsibility. Moreover, the institutional environment is proved here to play an important role in corporate philanthropic strategy.

The Chinese government is committed to ensuring separation of municipal solid waste (MSW), promoting the integrated development of the MSW management system with the renewable resource recovery system, and achieving construction of ecological civilization. Guided by the methods in Intergovernmental Panel on Climate Change (IPCC) guidelines, the greenhouse gas (GHG) emissions under five waste disposal scenarios in Beijing under the life cycle framework were assessed in this research. The study included collection and transportation, as well as three end disposal methods (sanitary landfill, incineration, and composting), and the emission reduction benefits of electricity generation from incineration and recycling of renewable resources were taken into account. The results show that an emission reduction benefit of 70.82% could be achieved under Scenario 5 in which kitchen waste and recyclables are sorted and recycled and the residue is incinerated, and the selection of the optimal strategy was not affected by changes in the separation rate. In addition, landfill would emit more GHG than incineration and composting. The results of this study are helpful for the government to make a decision on MSW management considering the goal of GHG emission reduction.

PurposeAs social networking sites (SNSs) gain popularity, they are being widely used by entrepreneurs to obtain social capital to carry out business ventures. However not all SNS usage behaviors promote entrepreneurship. Only when individuals actively participate in SNSs relationship maintenance behaviors they can obtain resources that are conducive to promoting social entrepreneurship. The aim of this study is to explore the role of WeChat relationship maintenance behavior (WRMB) on social entrepreneurial intention (SEI) with dual narcissism as an essential antecedent that affects SNS use.Design/methodology/approachBased on dual narcissism theory and the theoretical framework that networking is a critical skill and activity for the success of social entrepreneurship, this study proposes a serial mediation model that explores the formation of SEI. This study collected data from a sample of 275 MBA students in China and applied multiple regression and confirmatory factor analysis techniques to test the research model.FindingsThe results reveal narcissistic admiration (NA) is positively associated with WRMB, while narcissistic rivalry (NR) is negatively associated with such behavior. And the positive impact of NA on SEI can be explained by WRMB and social capital paths, while the negative impact of NR cannot.Originality/valueThis research is the first application of dual narcissism in the field of SEI, which provides a new way to explain the antecedents of SEI under the social network. The findings provide an effective reference path for social entrepreneurship education in universities and educational institutions and enlighten the correct distinction between dual narcissism in entrepreneurial psychological consultation.

This paper investigates the influence of effective tax payment on the CEO promotion in local State Owned Enterprise (SOE) in China. Based on the analysis of listed local SOEs in China from 2004 to 2010, this paper tests the relationship between CEO promotion and tax payment. In addition, the moderating effect of pyramid layer is tested. This paper finds that there is a significant positive relationship between Effective Tax Rate (ETR) and CEO promotion, which suggests that CEOs may be aggressive in tax payment to please the local governments, who ultimately own the local SOEs. The current paper also finds that the relationship between ETR and CEO promotion is weakened as pyramid layers increase. Our conclusions enrich the literature on CEO turnover and the role of pyramid structure. The conclusions are also helpful for the SOEs&rsquo ; reform in China and other developing countries. First, this paper is among the first to investigate the relationship between ETR and CEO turnover. Second, this paper highlights the function of pyramid structure in mitigating government intervention. Third, this paper also adds to the research on effective tax.

Due to increasing consciousness of sustainability and pressure from legislation, numerous studies and managers have sought to integrate traditional operations management with green environment and social responsibility. One such effort is remanufacturing, which has emerged as a growing topic. Although outsourcing remanufacturing operations to third-party remanufacturers (TPRs) has been well studied in the literature, the research has paid little attention to the fact that original equipment manufacturers (OEMs) have the flexibility of outsourcing to other agents but not TPRs. In practice, besides TPRs, many brand-name OEMs have outsourced remanufacturing operations to their suppliers. The question this raises is: TPR vs. supplier, which remanufacturer is better for the economic, environment and social responsibility? To understand this fundamental question, in this paper, we develop two models that allow an OEM to have potential flexibility to (1) outsource remanufacturing operations to a TPR (Model T) or (2) outsource remanufacturing operations to a supplier (Model S). Among other results, we find that, although the Model T creates more potentially sustainable economic, social, and environmental situations, this strategy is not supported by the supplier because it always leaves the supplier worse off. In order to achieve a "win-win-win" outcome that meets economic, social, and environmental requirements for all parties, a revenue-sharing contract is proposed and incorporated into Model T.

Based on the strong influence social networks have on managerial decision-making, as an important aspect of the strategic decision of the company, it is necessary to study how corporate social responsibility (CSR) actions could be affected by social networks. An analysis of 1725 Chinese listed firms and 40,484 executives from 2010 to 2014 showed that corporate philanthropy behavior will diffuse in social networks ; more concretely, the higher the degree of social network centrality, the higher the enterprise&rsquo ; s donation level. Furthermore, the results also show that the role of social network centrality on corporate donation levels can be moderated by political connections. This study offers empirical evidence for developing a theoretical framework of CSR interaction and communication relevant to social networks, and offers insights into corporate philanthropy behavior based on social networks.

Happiness is a major factor that influences people's perceptions and behavior. Two-stage least squares regression was applied to investigate the effect of happiness on the psychological integration of migrant workers in China. The data for a total of 1625 individuals were obtained from the 2014 China Labor-force Dynamics Survey (CLDS). This study describes happiness from three main aspects: happiness, life satisfaction, and economic satisfaction. The psychological integration includes two dimensions of settlement willingness, and trust level; these have gone through dimension-reduced processing by using the weighted average method. The empirical evidence shows, first, that happiness has a significantly positive effect on the psychological integration of migrant workers and second, that the sense of life satisfaction in particular plays a more significant role. The acceleration of the social and political integration in migrant workers will enhance their psychological integration. Additionally, social, cultural and economic integration is found to influence migrant workers' psychological integration by promoting happiness. Happiness between different generations of migrant workers was found to have a noticeably positive impact on their psychological integration; however, the happiness of the younger migrant workers was more perceivable than that of the other generations. Preferential policies should therefore be provided to improve the happiness of migrant workers.

We studied the relationship between investor protection, government behavior, and financial development using data covering six provinces (Guangdong, Jiangsu, Shandong, Zhejiang, Henan, and Sichuan) and two provincial-level cities (Beijing and Shanghai) in China for the period 2005–2014. Using panel data estimation techniques, we found that there is a positive relationship between investor protection and financial development; by contrast, highly-intense government intervention leads to more financial impediments. Moreover, government intervention in education could promote financial development through its contribution to having a higher amount of the fund supply. Our empirical findings have important implications for policy-makers in terms of reforming the capital market regulation. ; Full Text