By comparing the growth trajectories of East Asia and Latin America,this study finds that during industrialization,East Asian economies actively advanced their manufacturing sectors toward high-end production and achi...By comparing the growth trajectories of East Asia and Latin America,this study finds that during industrialization,East Asian economies actively advanced their manufacturing sectors toward high-end production and achieved a higher relative density of high-skilled labor within this sector.In contrast,Latin American economies experienced a“low-end lock-in”in manufacturing,with high-skilled labor more heavily concentrated in the service sector.To provide a unified explanation of these patterns of industrial transformation and labor allocation,this paper develops a three-sector general equilibrium model that includes basic manufacturing(BM),high-end manufacturing(HM),and services,and incorporates labor heterogeneity.The model captures how,under different development thresholds for HM,the allocation of high-skilled labor across sectors leads to two distinct structural transformation paths:from BM to HM,or from BM to services.These paths,in turn,generate different trajectories of human capital accumulation and economic growth performance.Simulation analysis shows that dynamically adjusted industrial policies are more effective than static ones,and that combining education policy with industrial policy yields better outcomes than either policy alone.This study extends theoretical research on industrial structural transformation,highlights the importance of HM for latecomer economies,and offers theoretical underpinnings and decision-making insights for advancing new industrialization and deepening integration between industrial and talent chains.展开更多
Based on the current status of educational inequality between urban and rural areas in China,this study transcends the traditional resource-centered perspective to examine the latent roles of cultural and social capit...Based on the current status of educational inequality between urban and rural areas in China,this study transcends the traditional resource-centered perspective to examine the latent roles of cultural and social capital in the distribution of educational opportunities.The research finds that institutional arrangements,family cultural accumulation,social networks,and digital literacy collectively constitute the latent structure of urban-rural educational inequality,determining the access to and conversion efficiency of educational opportunities.Cultural capital influences students’educational adaptability through cognitive abilities,learning habits,and the accumulation of educational resources,while social capital expands educational opportunities through information access and social support.Their interaction exacerbates urban-rural disparities.The study further suggests that achieving educational equity requires a multidimensional coordinated strategy encompassing institutional restructuring,cultural empowerment,social capital development,and digital empowerment,providing both theoretical guidance and practical pathways for policy formulation and educational practice.展开更多
Zhengzhou,located at the eastern foot of Mount Song and along the banks of the Yel low River,sits at the heart of China.It is the capital of Henan Province and one of China’s eight great ancient capitals.Historically...Zhengzhou,located at the eastern foot of Mount Song and along the banks of the Yel low River,sits at the heart of China.It is the capital of Henan Province and one of China’s eight great ancient capitals.Historically known as the“Center of Heaven and Earth”,it is now praised as the“Green City”As a national central city expl icit ly suppor ted by the Chinese government and a core growth pole for high-quality regional development.展开更多
The rise of creative industries in this century has aroused strong interest in the concept“cultural capital”in academia.Cultural capital can be understood as various forms of cultural resources that achieve signific...The rise of creative industries in this century has aroused strong interest in the concept“cultural capital”in academia.Cultural capital can be understood as various forms of cultural resources that achieve significant appreciation in existing economic,political,and cultural structures through active and rapid reproduction,thereby influencing changes in existing economic,political,and cultural structures,including production relations with capitalist characteristics.The capitalization of culture negates the original ecological value of culture,denies human needs for culture,undermines the true value of cultural exchange and creation,and can easily lead to the formation of cultural hegemony.However,the process of cultural capitalization and the changes in cultural values within it indicate that the capitalization of culture is to some extent an inevitable historical development.The new cultural capital has demonstrated tremendous power in promoting the development of contemporary creative industries and producing cultural masterpieces.Of course,this first requires it to refuse to become a tool for economic capital and digital technology.展开更多
Objectives:With the rapid aging of populations worldwide,the long-term care(LTC)industry has become a critical arena for both social welfare and entrepreneurial development,particularly among women who play a leading ...Objectives:With the rapid aging of populations worldwide,the long-term care(LTC)industry has become a critical arena for both social welfare and entrepreneurial development,particularly among women who play a leading role in caregiving enterprises.However,female LTC entrepreneurs often face emotional strain and limited social resources that affect their professional well-being.This study investigates the effects of psychological resilience and social capital on the well-being of female entrepreneurs in the long-term care(LTC)industry and examines the mediating role of entrepreneurial competence.Methods:A mixed-methods design was employed.Quantitative data were collected from 73 female LTC entrepreneurs in Taiwan through structured questionnaires,and correlation,regression,and mediation analyses were conducted.Complementary qualitative interviews with eight entrepreneurs provided deeper insights into how resilience and social resources are mobilized in entrepreneurial practice.Results:Psychological resilience and social capital were positively associated with well-being(β=0.41,p<0.001;β=0.36,p=0.002),jointly explaining 47%of its variance.Entrepreneurial competence partially mediated the resilience–well-being relationship(indirect effect=0.18,95%CI[0.07,0.32]).These effects were statistically and practically meaningful.Conclusion:Psychological resilience and social capital jointly enhance the well-being of female LTC entrepreneurs,with entrepreneurial competence serving as a partial mediator.The results suggest that fostering both inner strength and social connectedness can promote sustainable well-being and professional growth in the long-term care sector.展开更多
The paper addresses the impacts of political exits on capital structure policies,through studying the impact of the Brexit deal on the UK's companies listed at FTSE 100 as a practical case.The study is divided int...The paper addresses the impacts of political exits on capital structure policies,through studying the impact of the Brexit deal on the UK's companies listed at FTSE 100 as a practical case.The study is divided into two periods:the first before the Brexit deal(2010-2015)and the second after the referendum until Brexit(2016-2021).Data were collected from the annual reports of the UK companies and the FTSE 100 database.Moreover,capital structure policies were studied by analyzing the determinants such as long-term debt over total equity,profitability,tangibility,liquidity,propensity to pay dividends,size,and political factor-Brexit.The results show that there is a direct relationship between political exits and capital structure.Also,the results show that the financial ratios are different between the two periods(before and after Brexit),where it seems that the capital structure variables were affected starting from the referendum period,political negotiations between the two parties,and then Brexit(2016-2021).In addition,the correlation matrix shows that long-term debt over total equity has a negative correlation with profitability,liquidity,and political factors,where it seems that long-term debt over total equity has a positive correlation with tangibility,size,and paying dividends.Moreover,the results show that political shocks were affecting the FTSE 100 performance starting from 2016 until 2021.The study could be useful for financial and economic academics.Moreover,the study could be helpful for EU members and the UK government,taking into consideration the interests of the UK and EU where any future policies or laws will affect the financial and economic sectors of the two parties.展开更多
Cropland abandonment has been a widespread phenomenon in mountainous areas due to the increasing number of natural disasters and the massive migration of rural labor in the process of rapid urbanization.Land transfer ...Cropland abandonment has been a widespread phenomenon in mountainous areas due to the increasing number of natural disasters and the massive migration of rural labor in the process of rapid urbanization.Land transfer is a crucial prerequisite for ensuring food security and fostering rural revitalization.How to promote land transfer in mountainous areas remains a challenging but important task.Nevertheless,there is a dearth of research examining land transfers among farm households that specifically address mountainous regions,and the influence of grassroots governance and geographic location has not been thoroughly elucidated within this particular context.Based on 895household samples collected in Dabie Mountainous Area in China,this study employs binary and ordinal logistic regression models to provide a more comprehensive analysis on land transfers among rural households and the determinants,including the decision to transfer land,the existence of land transfer rents,the channel of land transfer,the duration of the transfer,the pre-transfer cultivation situation,and the level of satisfaction with the land transfer rent.The findings reveal that grassroots governance,geographic location,livelihood capital,and demographic factors significantly influence land transfers among rural households.Specifically,villagers'public participation positively affects land transfer participation(β=0.235,p<0.05),while the operation of village rules and regulations negatively impacts it(β=-0.296,p<0.05).Village cadre satisfaction positively influences both land transfer rent(β=0.274,p<0.05)and rent satisfaction(β=0.303,p<0.05).Improved civil relations in the village correlate with lower land transfer rent(β=-0.511,p<0.05),while a better social atmosphere is associated with higher satisfaction with transfer rent(β=0.575,p<0.01).Households at higher elevations tend to prefer government-mediated land transfers with longer durations.The distances to the township and county centers have contrasting effects on land transfer rent,but their impacts on participation in land transfer,choice of transfer channel,and duration are consistent.The study also found that different types of livelihood capital,as well as the demographic characteristics of households,significantly affect various aspects of land transfer.These empirical findings can inform policymaking to promote more efficient land transfers in mountainous region.展开更多
This study analyzes the impact of profitability,firm size,and capital structure on firm value within the manufacturing sector.Utilizing a descriptive literature-based method,this research synthesizes various findings ...This study analyzes the impact of profitability,firm size,and capital structure on firm value within the manufacturing sector.Utilizing a descriptive literature-based method,this research synthesizes various findings from previous studies to provide a comprehensive overview of the relationships among these variables.Profitability,often measured by Return on Assets(ROA)or Return on Equity(ROE),is expected to have a positive relationship with firm value as it reflects a company’s ability to generate profits.Firm size,measured by total assets or the logarithm of sales,is also assumed to influence firm value,both through economies of scale and better access to capital markets.Meanwhile,capital structure,measured by Debt to Equity Ratio(DER)or Debt to Asset Ratio(DAR),has a complex impact;while debt can enhance firm value through tax shields,excessive debt levels can increase financial risk and potentially decrease firm value.The synthesis of literature indicates a general consensus on the importance of profitability and firm size in shaping firm value,though there is variation in the significance and direction of the relationship for capital structure variables.This study provides important implications for company managers and investors in making strategic decisions related to resource allocation and selecting an optimal capital structure to enhance firm value.展开更多
International capital flows play a crucial role in the process of globalization,presenting both opportunities and challenges to the financial stability of emerging economies.This article sorts out the positive effects...International capital flows play a crucial role in the process of globalization,presenting both opportunities and challenges to the financial stability of emerging economies.This article sorts out the positive effects and potential risks of international capital flows on the financial stability of emerging economies.By combining case studies in recent years,it analyzes the complex relationship between cross-border capital flows and financial stability,and proposes policy paths for emerging economies to cope with the shock of capital flows,providing references for enhancing financial resilience and achieving sustainable development.展开更多
Higher education is transitioning from mass expansion to high-quality development.In this process,mental health issues among college students have become increasingly prominent,encompassing not only academic stress-in...Higher education is transitioning from mass expansion to high-quality development.In this process,mental health issues among college students have become increasingly prominent,encompassing not only academic stress-induced anxiety but also complex challenges such as interpersonal adaptation difficulties and career planning confusion.Traditional“problem-oriented”intervention models have shown limitations in responsiveness and adaptability,often only passively addressing existing psychological crises rather than preventing them in advance.This study aims to explore an AI-powered“positive psychology”proactive intervention model through developing an intelligent system.The system automatically collects,filters,and personalizes recommendations for positive activities on campus.Using a randomized controlled trial design,we conducted an 8-week intervention study involving 126 college students at a university.The study found that AI-based“campus positive activity”recommendations effectively boost students’positive emotions and promote psychological capital development through cumulative micro-interventions.This provides universities with empirical evidence and innovative methods to implement low-cost,efficient,and scalable mental health promotion programs through smart technology.展开更多
Slipped capital femoral epiphysis(SCFE)is a hip disorder that predominantly affects adolescents.The primary pathological change involves the displacement of the femoral head epiphysis from its normal position at the g...Slipped capital femoral epiphysis(SCFE)is a hip disorder that predominantly affects adolescents.The primary pathological change involves the displacement of the femoral head epiphysis from its normal position at the growth plate toward the metaphysis of the femoral neck.This condition can result in hip pain,abnormal gait,and even avascular necrosis of the femoral head,significantly impacting the quality of life in adolescents.Currently,the exact etiology of SCFE remains unclear;however,evidence suggests that risk factors include endocrine disorders,metabolic conditions,and genetic diseases.Endocrine disorders encompass hypothyroidism,growth hormone abnormalities,hypogonadism,and obesity-related hormonal imbalances.Metabolic conditions involve obesity,vitamin D deficiency or rickets,and renal osteodystrophy.Genetic diseases include mutations in the COL2A1 gene,aromatase deficiency,and Prader-Willi syndrome.This review summarizes various medical conditions associated with SCFE and elucidates potential molecular mechanisms from abnormal chondrocyte function in the growth plate,hormonal imbalances and inflammatory/metabolic factors in SCFE based on relevant literature,aim to provide evidence for the prevention and treatment of SCFE.展开更多
Focusing on Haikou’s strategic development to become the“Capital of Chinese Tourism Performances,”this paper delves into its foundational conditions and implementation paths.By analyzing Haikou’s rich cultural res...Focusing on Haikou’s strategic development to become the“Capital of Chinese Tourism Performances,”this paper delves into its foundational conditions and implementation paths.By analyzing Haikou’s rich cultural resources,favorable geographical environment,thriving tourism industry,and continuously improving policy support,it explores how to further integrate resources,innovate development,enhance the quality and influence of tourism performances,and achieve the goal of becoming the“Capital of Chinese Tourism Performances.”This provides theoretical support and practical guidance for the high-quality development of Haikou’s cultural and tourism industry.展开更多
The current study conducted the psychological capital profiles and the relation between profile memberships and learning burnout among undergraduates.Participants were 541 Chinese undergraduates ranging from 18 to 21 ...The current study conducted the psychological capital profiles and the relation between profile memberships and learning burnout among undergraduates.Participants were 541 Chinese undergraduates ranging from 18 to 21 years old(48.2%male;Mean years=19.54,SD=1.09 years).Latent profile analysis revealed three categories of psychological capital profile consistent high psychological capital profile(50.5%),consistent low psychological capital profile(38.1%),and dominate loss-orientated psychological capital profile(11.4%).The undergraduates in consistent high profile reported high self-efficacy,resilience,hope,and optimism.Consistent low profile characterized by a little low(~0.50 SD below the M)self-efficacy,resilience,hope,and optimism.Dominant loss-orientated profile displayed low self-efficacy,hope,optimism,but a little relatively high resilience.Specifically,undergraduates in consistent high profile exhibited low level of learning burnout;while undergraduates with low level of psychological capital(i.e.,consistent low profile and dominate loss-orientated profile)reported high level of learning burnout.The findings have theoretical significance which provides important knowledge about psychological capital profile among Chinese undergraduates.They have practical implications for student counselling and development providing person-centric support to students based on their individual psychological profiles.展开更多
Social media platforms collect information from complex human social behaviors.It has been shown that they significantly impact capital markets.This article conducts a bibliometric analysis of 363 high-quality article...Social media platforms collect information from complex human social behaviors.It has been shown that they significantly impact capital markets.This article conducts a bibliometric analysis of 363 high-quality articles from the Web of Science on social media and capital markets.First,a descriptive analysis was performed,including discipline distribution,growth trends,institutions,publication sources,influential authors,articles,and countries.Second,collaborative networks identify cooperation between countries and institutions in the network analysis section.Bibliometric coupling analysis determines the relationship between journals of different disciplines.Cluster analysis and keyword co-occurrence networks identify hot research topics.Burst detection and keyword time zone analysis track field development.Finally,keyword analysis and clustering analysis are conducted on the research of different disciplines.These sample papers mainly include seven hot topics,including sentiment analysis and financial market prediction.Articles in business and finance focus more on social media’s impact on capital markets.In contrast,information technology articles focus more on extracting information from social media.Each field also has its unique research directions.This paper contributes to a comprehensive understanding of the research on social media and capital markets.It offers perspectives on disciplinary differences,serving as a valuable scholarly reference for conducting in-depth research.展开更多
Under the“dual carbon”goal,local governments in China have strategically focused on enhancing capital utilization efficiency and enforcing environmental regulations to improve carbon emission performance.This dual a...Under the“dual carbon”goal,local governments in China have strategically focused on enhancing capital utilization efficiency and enforcing environmental regulations to improve carbon emission performance.This dual approach targets the intertwined challenges of economic development and environmental protection.Utilizing data from 266 prefecture-level cities in China from 2007 to 2019,this study systematically investigates the effects of capital matching and environmental regulation on carbon emission performance through the spatial Durbin model and the instrumental variable method.The results indicate that both capital matching and environmental regulation significantly enhance carbon emission performance.Capital matching demonstrates positive spatial spillover effects,whereas environmental regulation exhibits negative spatial spillover effects.Furthermore,there are synergistic effects between capital matching and environmental regulation that jointly enhance carbon emission performance.To address potential biases caused by endogenous environmental regulation,the study uses the proportion of environment-related words in provincial government work reports as an instrumental variable for environmental regulation.Additionally,to capture the heterogeneity in the environmental governance willingness and intensity of prefecture-level municipal governments,the study constructs heterogeneous instrumental variables.These variables are derived by multiplying the proportion of a prefecture-level city’s total industrial output value to the province’s total industrial output value with the proportion of environment-related words in the provincial government work reports.Analyses based on these instrumental variables reveal that endogenous issues in environmental regulation lead to an overestimation of its positive impact on carbon emission performance.展开更多
With a long-standing tradition in the development of critical theories, Latin America seeks, through a myriad of perspectives, to understand its peripheral position within the mechanisms of the world system. This pape...With a long-standing tradition in the development of critical theories, Latin America seeks, through a myriad of perspectives, to understand its peripheral position within the mechanisms of the world system. This paper aims to examine the role of race and gender in sustaining the capitalist world system through the lens of decolonial studies. It considers how both categories were historically constructed during the colonial process as tools to legitimize social, economic, and political hierarchies between the dominant and the dominated. In particular, the division of labor, based on racial and gendered distinctions, was instrumental in shaping these power relations. By analyzing these categories as central elements in the formation and maintenance of the capitalist world system, the study highlights their continued influence in perpetuating inequalities today.展开更多
Investigation and analysis of the current status of farmers'livelihood capital and promptly discovering and solving problems in farmers'livelihood development are of great practical significance for optimizing...Investigation and analysis of the current status of farmers'livelihood capital and promptly discovering and solving problems in farmers'livelihood development are of great practical significance for optimizing farmers'livelihood strategies and enhancing farmers'livelihood sustainable development capability.Based on the framework of sustainable livelihood analysis,taking Yangshan County as an example,this paper uses field surveys,questionnaires and interviews to summarize and analyze the current status and characteristics and main problems of local farmers'livelihood capitals on the basis of the data of 628 farmer samples.It proposes countermeasures for future development of farmers'livelihoods.Implementing these strategies will be helpful for improving the livelihoods capital structure of farmers'and enhancing their sustainable development capability.展开更多
Efficient working capital management(WCM)creates value for both management and shareholders by enhancing cash flows and reducing investment in receivables and inventory.It supports liquidity and minimizes financial di...Efficient working capital management(WCM)creates value for both management and shareholders by enhancing cash flows and reducing investment in receivables and inventory.It supports liquidity and minimizes financial distress risks,aligning with the goal of shareholder value maximization.However,traditional manual approaches to WCM are no longer sufficient due to the rapid and complex changes in economic and business environments.As a result,firms increasingly rely on artificial intelligence(AI)in WCM.AI offers advanced capabilities in prediction,monitoring,and problem-solving by processing vast data,identifying variable relationships,and adapting to change faster than human cognition.This paper explores the fundamentals of WCM and AI,their interconnections,and the strategic opportunities AI introduces to optimize WCM in modern enterprises.展开更多
Hotel review data analysis is a key way to understand customers’opinions on hotel service quality and experience.By analyzing these comments,hotel managers can gain an in-depth understanding of customers’needs and e...Hotel review data analysis is a key way to understand customers’opinions on hotel service quality and experience.By analyzing these comments,hotel managers can gain an in-depth understanding of customers’needs and expectations,and thereby adjust strategies and improve service quality.This article will introduce how to conduct hotel review data analysis and how to transform this data into practical operational suggestions.展开更多
Strong provincial capital is an important initiative for underdeveloped regions to realize rapid regional economic development through leading by point,which is related to the overall situation of China's economic...Strong provincial capital is an important initiative for underdeveloped regions to realize rapid regional economic development through leading by point,which is related to the overall situation of China's economic high-quality development.This paper theoretically analyzes the internal mechanism of strong provincial capitals affecting regional innovation efficiency.The study finds that the policy of strong provincial capitals promotes the formation of the resource aggregation effect in the capital cities,attracts talents,technologies,policies,and capital and other factors,improves the efficiency and quality of innovation,and drives the development of neighboring regions.However,over-implementation of the policy will lead to a large number of big enterprises,"which will lead to rent-seeking,waste of resources,crowding out of government subsidies and congestion effects,inhibit innovation,and lead to the loss of innovation factors in peripheral cities,dragging down the innovation level of the whole province.Therefore,the relationship between strong provincial capitals and innovation is an inverted"U"shape,and this study is of great significance for understanding the double-edged sword effect of strong provincial capitals and formulating scientific regional innovation policies.展开更多
文摘By comparing the growth trajectories of East Asia and Latin America,this study finds that during industrialization,East Asian economies actively advanced their manufacturing sectors toward high-end production and achieved a higher relative density of high-skilled labor within this sector.In contrast,Latin American economies experienced a“low-end lock-in”in manufacturing,with high-skilled labor more heavily concentrated in the service sector.To provide a unified explanation of these patterns of industrial transformation and labor allocation,this paper develops a three-sector general equilibrium model that includes basic manufacturing(BM),high-end manufacturing(HM),and services,and incorporates labor heterogeneity.The model captures how,under different development thresholds for HM,the allocation of high-skilled labor across sectors leads to two distinct structural transformation paths:from BM to HM,or from BM to services.These paths,in turn,generate different trajectories of human capital accumulation and economic growth performance.Simulation analysis shows that dynamically adjusted industrial policies are more effective than static ones,and that combining education policy with industrial policy yields better outcomes than either policy alone.This study extends theoretical research on industrial structural transformation,highlights the importance of HM for latecomer economies,and offers theoretical underpinnings and decision-making insights for advancing new industrialization and deepening integration between industrial and talent chains.
文摘Based on the current status of educational inequality between urban and rural areas in China,this study transcends the traditional resource-centered perspective to examine the latent roles of cultural and social capital in the distribution of educational opportunities.The research finds that institutional arrangements,family cultural accumulation,social networks,and digital literacy collectively constitute the latent structure of urban-rural educational inequality,determining the access to and conversion efficiency of educational opportunities.Cultural capital influences students’educational adaptability through cognitive abilities,learning habits,and the accumulation of educational resources,while social capital expands educational opportunities through information access and social support.Their interaction exacerbates urban-rural disparities.The study further suggests that achieving educational equity requires a multidimensional coordinated strategy encompassing institutional restructuring,cultural empowerment,social capital development,and digital empowerment,providing both theoretical guidance and practical pathways for policy formulation and educational practice.
文摘Zhengzhou,located at the eastern foot of Mount Song and along the banks of the Yel low River,sits at the heart of China.It is the capital of Henan Province and one of China’s eight great ancient capitals.Historically known as the“Center of Heaven and Earth”,it is now praised as the“Green City”As a national central city expl icit ly suppor ted by the Chinese government and a core growth pole for high-quality regional development.
文摘The rise of creative industries in this century has aroused strong interest in the concept“cultural capital”in academia.Cultural capital can be understood as various forms of cultural resources that achieve significant appreciation in existing economic,political,and cultural structures through active and rapid reproduction,thereby influencing changes in existing economic,political,and cultural structures,including production relations with capitalist characteristics.The capitalization of culture negates the original ecological value of culture,denies human needs for culture,undermines the true value of cultural exchange and creation,and can easily lead to the formation of cultural hegemony.However,the process of cultural capitalization and the changes in cultural values within it indicate that the capitalization of culture is to some extent an inevitable historical development.The new cultural capital has demonstrated tremendous power in promoting the development of contemporary creative industries and producing cultural masterpieces.Of course,this first requires it to refuse to become a tool for economic capital and digital technology.
文摘Objectives:With the rapid aging of populations worldwide,the long-term care(LTC)industry has become a critical arena for both social welfare and entrepreneurial development,particularly among women who play a leading role in caregiving enterprises.However,female LTC entrepreneurs often face emotional strain and limited social resources that affect their professional well-being.This study investigates the effects of psychological resilience and social capital on the well-being of female entrepreneurs in the long-term care(LTC)industry and examines the mediating role of entrepreneurial competence.Methods:A mixed-methods design was employed.Quantitative data were collected from 73 female LTC entrepreneurs in Taiwan through structured questionnaires,and correlation,regression,and mediation analyses were conducted.Complementary qualitative interviews with eight entrepreneurs provided deeper insights into how resilience and social resources are mobilized in entrepreneurial practice.Results:Psychological resilience and social capital were positively associated with well-being(β=0.41,p<0.001;β=0.36,p=0.002),jointly explaining 47%of its variance.Entrepreneurial competence partially mediated the resilience–well-being relationship(indirect effect=0.18,95%CI[0.07,0.32]).These effects were statistically and practically meaningful.Conclusion:Psychological resilience and social capital jointly enhance the well-being of female LTC entrepreneurs,with entrepreneurial competence serving as a partial mediator.The results suggest that fostering both inner strength and social connectedness can promote sustainable well-being and professional growth in the long-term care sector.
文摘The paper addresses the impacts of political exits on capital structure policies,through studying the impact of the Brexit deal on the UK's companies listed at FTSE 100 as a practical case.The study is divided into two periods:the first before the Brexit deal(2010-2015)and the second after the referendum until Brexit(2016-2021).Data were collected from the annual reports of the UK companies and the FTSE 100 database.Moreover,capital structure policies were studied by analyzing the determinants such as long-term debt over total equity,profitability,tangibility,liquidity,propensity to pay dividends,size,and political factor-Brexit.The results show that there is a direct relationship between political exits and capital structure.Also,the results show that the financial ratios are different between the two periods(before and after Brexit),where it seems that the capital structure variables were affected starting from the referendum period,political negotiations between the two parties,and then Brexit(2016-2021).In addition,the correlation matrix shows that long-term debt over total equity has a negative correlation with profitability,liquidity,and political factors,where it seems that long-term debt over total equity has a positive correlation with tangibility,size,and paying dividends.Moreover,the results show that political shocks were affecting the FTSE 100 performance starting from 2016 until 2021.The study could be useful for financial and economic academics.Moreover,the study could be helpful for EU members and the UK government,taking into consideration the interests of the UK and EU where any future policies or laws will affect the financial and economic sectors of the two parties.
基金supported by the National Natural Science Foundation of China(Grant Nos.42371315,41901213)the Humanities and Social Sciences General Research Program of the Ministry of Education(Grant No.23YJC790141)。
文摘Cropland abandonment has been a widespread phenomenon in mountainous areas due to the increasing number of natural disasters and the massive migration of rural labor in the process of rapid urbanization.Land transfer is a crucial prerequisite for ensuring food security and fostering rural revitalization.How to promote land transfer in mountainous areas remains a challenging but important task.Nevertheless,there is a dearth of research examining land transfers among farm households that specifically address mountainous regions,and the influence of grassroots governance and geographic location has not been thoroughly elucidated within this particular context.Based on 895household samples collected in Dabie Mountainous Area in China,this study employs binary and ordinal logistic regression models to provide a more comprehensive analysis on land transfers among rural households and the determinants,including the decision to transfer land,the existence of land transfer rents,the channel of land transfer,the duration of the transfer,the pre-transfer cultivation situation,and the level of satisfaction with the land transfer rent.The findings reveal that grassroots governance,geographic location,livelihood capital,and demographic factors significantly influence land transfers among rural households.Specifically,villagers'public participation positively affects land transfer participation(β=0.235,p<0.05),while the operation of village rules and regulations negatively impacts it(β=-0.296,p<0.05).Village cadre satisfaction positively influences both land transfer rent(β=0.274,p<0.05)and rent satisfaction(β=0.303,p<0.05).Improved civil relations in the village correlate with lower land transfer rent(β=-0.511,p<0.05),while a better social atmosphere is associated with higher satisfaction with transfer rent(β=0.575,p<0.01).Households at higher elevations tend to prefer government-mediated land transfers with longer durations.The distances to the township and county centers have contrasting effects on land transfer rent,but their impacts on participation in land transfer,choice of transfer channel,and duration are consistent.The study also found that different types of livelihood capital,as well as the demographic characteristics of households,significantly affect various aspects of land transfer.These empirical findings can inform policymaking to promote more efficient land transfers in mountainous region.
文摘This study analyzes the impact of profitability,firm size,and capital structure on firm value within the manufacturing sector.Utilizing a descriptive literature-based method,this research synthesizes various findings from previous studies to provide a comprehensive overview of the relationships among these variables.Profitability,often measured by Return on Assets(ROA)or Return on Equity(ROE),is expected to have a positive relationship with firm value as it reflects a company’s ability to generate profits.Firm size,measured by total assets or the logarithm of sales,is also assumed to influence firm value,both through economies of scale and better access to capital markets.Meanwhile,capital structure,measured by Debt to Equity Ratio(DER)or Debt to Asset Ratio(DAR),has a complex impact;while debt can enhance firm value through tax shields,excessive debt levels can increase financial risk and potentially decrease firm value.The synthesis of literature indicates a general consensus on the importance of profitability and firm size in shaping firm value,though there is variation in the significance and direction of the relationship for capital structure variables.This study provides important implications for company managers and investors in making strategic decisions related to resource allocation and selecting an optimal capital structure to enhance firm value.
文摘International capital flows play a crucial role in the process of globalization,presenting both opportunities and challenges to the financial stability of emerging economies.This article sorts out the positive effects and potential risks of international capital flows on the financial stability of emerging economies.By combining case studies in recent years,it analyzes the complex relationship between cross-border capital flows and financial stability,and proposes policy paths for emerging economies to cope with the shock of capital flows,providing references for enhancing financial resilience and achieving sustainable development.
文摘Higher education is transitioning from mass expansion to high-quality development.In this process,mental health issues among college students have become increasingly prominent,encompassing not only academic stress-induced anxiety but also complex challenges such as interpersonal adaptation difficulties and career planning confusion.Traditional“problem-oriented”intervention models have shown limitations in responsiveness and adaptability,often only passively addressing existing psychological crises rather than preventing them in advance.This study aims to explore an AI-powered“positive psychology”proactive intervention model through developing an intelligent system.The system automatically collects,filters,and personalizes recommendations for positive activities on campus.Using a randomized controlled trial design,we conducted an 8-week intervention study involving 126 college students at a university.The study found that AI-based“campus positive activity”recommendations effectively boost students’positive emotions and promote psychological capital development through cumulative micro-interventions.This provides universities with empirical evidence and innovative methods to implement low-cost,efficient,and scalable mental health promotion programs through smart technology.
基金Supported by the Science Project of Hunan Provincial Healthy Commission,No.20230844.
文摘Slipped capital femoral epiphysis(SCFE)is a hip disorder that predominantly affects adolescents.The primary pathological change involves the displacement of the femoral head epiphysis from its normal position at the growth plate toward the metaphysis of the femoral neck.This condition can result in hip pain,abnormal gait,and even avascular necrosis of the femoral head,significantly impacting the quality of life in adolescents.Currently,the exact etiology of SCFE remains unclear;however,evidence suggests that risk factors include endocrine disorders,metabolic conditions,and genetic diseases.Endocrine disorders encompass hypothyroidism,growth hormone abnormalities,hypogonadism,and obesity-related hormonal imbalances.Metabolic conditions involve obesity,vitamin D deficiency or rickets,and renal osteodystrophy.Genetic diseases include mutations in the COL2A1 gene,aromatase deficiency,and Prader-Willi syndrome.This review summarizes various medical conditions associated with SCFE and elucidates potential molecular mechanisms from abnormal chondrocyte function in the growth plate,hormonal imbalances and inflammatory/metabolic factors in SCFE based on relevant literature,aim to provide evidence for the prevention and treatment of SCFE.
基金Exploratory study on Haikou’s accelerate development of“International Performing Arts Capital”under the background of Hainan Free Trade Port,Stage results of Haikou Philosophy and Social Planning Project in 2025(2025-ZCKT-96)。
文摘Focusing on Haikou’s strategic development to become the“Capital of Chinese Tourism Performances,”this paper delves into its foundational conditions and implementation paths.By analyzing Haikou’s rich cultural resources,favorable geographical environment,thriving tourism industry,and continuously improving policy support,it explores how to further integrate resources,innovate development,enhance the quality and influence of tourism performances,and achieve the goal of becoming the“Capital of Chinese Tourism Performances.”This provides theoretical support and practical guidance for the high-quality development of Haikou’s cultural and tourism industry.
基金supported by Hunan Province Education Department Outstanding Youth Project(23B1131)Hunan Province Education Science Fourteenth Five-Year Plan Project(XJK24BXL003).
文摘The current study conducted the psychological capital profiles and the relation between profile memberships and learning burnout among undergraduates.Participants were 541 Chinese undergraduates ranging from 18 to 21 years old(48.2%male;Mean years=19.54,SD=1.09 years).Latent profile analysis revealed three categories of psychological capital profile consistent high psychological capital profile(50.5%),consistent low psychological capital profile(38.1%),and dominate loss-orientated psychological capital profile(11.4%).The undergraduates in consistent high profile reported high self-efficacy,resilience,hope,and optimism.Consistent low profile characterized by a little low(~0.50 SD below the M)self-efficacy,resilience,hope,and optimism.Dominant loss-orientated profile displayed low self-efficacy,hope,optimism,but a little relatively high resilience.Specifically,undergraduates in consistent high profile exhibited low level of learning burnout;while undergraduates with low level of psychological capital(i.e.,consistent low profile and dominate loss-orientated profile)reported high level of learning burnout.The findings have theoretical significance which provides important knowledge about psychological capital profile among Chinese undergraduates.They have practical implications for student counselling and development providing person-centric support to students based on their individual psychological profiles.
基金financially supported by the National Natural Science Foundation of China(No.72471223,No.72231010)。
文摘Social media platforms collect information from complex human social behaviors.It has been shown that they significantly impact capital markets.This article conducts a bibliometric analysis of 363 high-quality articles from the Web of Science on social media and capital markets.First,a descriptive analysis was performed,including discipline distribution,growth trends,institutions,publication sources,influential authors,articles,and countries.Second,collaborative networks identify cooperation between countries and institutions in the network analysis section.Bibliometric coupling analysis determines the relationship between journals of different disciplines.Cluster analysis and keyword co-occurrence networks identify hot research topics.Burst detection and keyword time zone analysis track field development.Finally,keyword analysis and clustering analysis are conducted on the research of different disciplines.These sample papers mainly include seven hot topics,including sentiment analysis and financial market prediction.Articles in business and finance focus more on social media’s impact on capital markets.In contrast,information technology articles focus more on extracting information from social media.Each field also has its unique research directions.This paper contributes to a comprehensive understanding of the research on social media and capital markets.It offers perspectives on disciplinary differences,serving as a valuable scholarly reference for conducting in-depth research.
文摘Under the“dual carbon”goal,local governments in China have strategically focused on enhancing capital utilization efficiency and enforcing environmental regulations to improve carbon emission performance.This dual approach targets the intertwined challenges of economic development and environmental protection.Utilizing data from 266 prefecture-level cities in China from 2007 to 2019,this study systematically investigates the effects of capital matching and environmental regulation on carbon emission performance through the spatial Durbin model and the instrumental variable method.The results indicate that both capital matching and environmental regulation significantly enhance carbon emission performance.Capital matching demonstrates positive spatial spillover effects,whereas environmental regulation exhibits negative spatial spillover effects.Furthermore,there are synergistic effects between capital matching and environmental regulation that jointly enhance carbon emission performance.To address potential biases caused by endogenous environmental regulation,the study uses the proportion of environment-related words in provincial government work reports as an instrumental variable for environmental regulation.Additionally,to capture the heterogeneity in the environmental governance willingness and intensity of prefecture-level municipal governments,the study constructs heterogeneous instrumental variables.These variables are derived by multiplying the proportion of a prefecture-level city’s total industrial output value to the province’s total industrial output value with the proportion of environment-related words in the provincial government work reports.Analyses based on these instrumental variables reveal that endogenous issues in environmental regulation lead to an overestimation of its positive impact on carbon emission performance.
文摘With a long-standing tradition in the development of critical theories, Latin America seeks, through a myriad of perspectives, to understand its peripheral position within the mechanisms of the world system. This paper aims to examine the role of race and gender in sustaining the capitalist world system through the lens of decolonial studies. It considers how both categories were historically constructed during the colonial process as tools to legitimize social, economic, and political hierarchies between the dominant and the dominated. In particular, the division of labor, based on racial and gendered distinctions, was instrumental in shaping these power relations. By analyzing these categories as central elements in the formation and maintenance of the capitalist world system, the study highlights their continued influence in perpetuating inequalities today.
基金Supported by Guangdong Province Philosophy and Social Science Planning Project(GD24CGL18&GD23CGL02).
文摘Investigation and analysis of the current status of farmers'livelihood capital and promptly discovering and solving problems in farmers'livelihood development are of great practical significance for optimizing farmers'livelihood strategies and enhancing farmers'livelihood sustainable development capability.Based on the framework of sustainable livelihood analysis,taking Yangshan County as an example,this paper uses field surveys,questionnaires and interviews to summarize and analyze the current status and characteristics and main problems of local farmers'livelihood capitals on the basis of the data of 628 farmer samples.It proposes countermeasures for future development of farmers'livelihoods.Implementing these strategies will be helpful for improving the livelihoods capital structure of farmers'and enhancing their sustainable development capability.
文摘Efficient working capital management(WCM)creates value for both management and shareholders by enhancing cash flows and reducing investment in receivables and inventory.It supports liquidity and minimizes financial distress risks,aligning with the goal of shareholder value maximization.However,traditional manual approaches to WCM are no longer sufficient due to the rapid and complex changes in economic and business environments.As a result,firms increasingly rely on artificial intelligence(AI)in WCM.AI offers advanced capabilities in prediction,monitoring,and problem-solving by processing vast data,identifying variable relationships,and adapting to change faster than human cognition.This paper explores the fundamentals of WCM and AI,their interconnections,and the strategic opportunities AI introduces to optimize WCM in modern enterprises.
文摘Hotel review data analysis is a key way to understand customers’opinions on hotel service quality and experience.By analyzing these comments,hotel managers can gain an in-depth understanding of customers’needs and expectations,and thereby adjust strategies and improve service quality.This article will introduce how to conduct hotel review data analysis and how to transform this data into practical operational suggestions.
文摘Strong provincial capital is an important initiative for underdeveloped regions to realize rapid regional economic development through leading by point,which is related to the overall situation of China's economic high-quality development.This paper theoretically analyzes the internal mechanism of strong provincial capitals affecting regional innovation efficiency.The study finds that the policy of strong provincial capitals promotes the formation of the resource aggregation effect in the capital cities,attracts talents,technologies,policies,and capital and other factors,improves the efficiency and quality of innovation,and drives the development of neighboring regions.However,over-implementation of the policy will lead to a large number of big enterprises,"which will lead to rent-seeking,waste of resources,crowding out of government subsidies and congestion effects,inhibit innovation,and lead to the loss of innovation factors in peripheral cities,dragging down the innovation level of the whole province.Therefore,the relationship between strong provincial capitals and innovation is an inverted"U"shape,and this study is of great significance for understanding the double-edged sword effect of strong provincial capitals and formulating scientific regional innovation policies.
