Contemporary research documents a positive but weak price premium from environmental performance （EP）. The specific circumstances of pricing EP of large and small companies and in polluting and clean industries have...Contemporary research documents a positive but weak price premium from environmental performance （EP）. The specific circumstances of pricing EP of large and small companies and in polluting and clean industries have not, however, been investigated. This study predicts that financial markets price EP beyond financial fundamentals differently, depending on company size and the environmental risk of the industry and provides evidence relying on a set of the Sweden Stock Market 300 （SIX 300） companies listed on the Stockholm Stock Exchange （OMX Stockholm）. Applying a value relevance model, the average results are in line with previous findings that EP adds value beyond the book value of equity and earnings. The asymmetry in EP is, however, driven by company size and the environmental risk of the industry. This study suggests that large companies in low-risk industries obtain strong price premiums from being environmental industry leaders. In contrast, small companies and also companies in high-risk industries do not necessarily accrue the same market benefits.展开更多
In this study,we explore the causes and performance outcomes of switching costs in the context of new product development(NPD)from both the supplier and customer perspectives,and discuss the role that switching costs ...In this study,we explore the causes and performance outcomes of switching costs in the context of new product development(NPD)from both the supplier and customer perspectives,and discuss the role that switching costs play as moderators and mediators in the relationship between social capital and NPD performance.Based on data from 214 Chinese manufacturers,we employ the structural equation model to test our conceptual model and hypotheses.The results indicate that relationship quality and customer involvement positively and negatively affect switching costs,respectively,and that switching costs negatively affect NPD performance.Switching costs mediate and moderate the relationship between social capital and NPD performance.Furthermore,switching costs significantly and positively moderate the relationship between relationship quality and NPD performance.On the other hand,switching costs insignificantly and negatively moderate the relationship between customer involvement and NPD performance.The theoretical and managerial implications of the findings are discussed.展开更多
Affect is intertwined with sleep,yet how to adjust sleep duration to enhance affect remains unknown.Previous studies found that adjusting affective style,reflecting interindividual differences in emotion regulation,fu...Affect is intertwined with sleep,yet how to adjust sleep duration to enhance affect remains unknown.Previous studies found that adjusting affective style,reflecting interindividual differences in emotion regulation,functions in processes where sleep modulates our affective state.Hence,this study examined whether and how it moderates the association between daily sleep duration and subsequent affect.An ambulatory assessment design was employed among 64 participants,wherein both within-person sleep duration and affect,and between-person affective styles were measured.Multilevel moderation analysis and simple-slope analysis were applied to test the moderation of adjusting affective style in the sleep-affect association.This study found that adjusting affective style significantly moderated the association between sleep duration and subsequent positive affect.Specifically,the association between sleep duration and subsequent positive affect was positive under higher adjusting affective style and negative under extremely lower adjusting affective style.However,such moderation was not observed in associations between subsequent negative affect and sleep duration.This study uncovers the relationship between sleep duration and subsequent affect,wherein the likelihood for individuals to reach more positive affective state by increasing sleeping duration might count on their ability of emotion regulation.Additionally,negative affect cannot be downregulated simply through long sleep duration.展开更多
文摘Contemporary research documents a positive but weak price premium from environmental performance （EP）. The specific circumstances of pricing EP of large and small companies and in polluting and clean industries have not, however, been investigated. This study predicts that financial markets price EP beyond financial fundamentals differently, depending on company size and the environmental risk of the industry and provides evidence relying on a set of the Sweden Stock Market 300 （SIX 300） companies listed on the Stockholm Stock Exchange （OMX Stockholm）. Applying a value relevance model, the average results are in line with previous findings that EP adds value beyond the book value of equity and earnings. The asymmetry in EP is, however, driven by company size and the environmental risk of the industry. This study suggests that large companies in low-risk industries obtain strong price premiums from being environmental industry leaders. In contrast, small companies and also companies in high-risk industries do not necessarily accrue the same market benefits.
基金supported by the Nature Science Foundation of China,China(No.71832011)Innovation Capability SupportProgram of Shaanxi,China(No.2023-CX-RKX-139)+2 种基金Humanities and Social Science Youth Foundation of Ministry of Educationof China,China(No.22YJC630173)Social Science Foundation of Shaanxi Province,China(No.2020R033)the YouthInnovation Team of Shaanxi Universities,China.
文摘In this study,we explore the causes and performance outcomes of switching costs in the context of new product development(NPD)from both the supplier and customer perspectives,and discuss the role that switching costs play as moderators and mediators in the relationship between social capital and NPD performance.Based on data from 214 Chinese manufacturers,we employ the structural equation model to test our conceptual model and hypotheses.The results indicate that relationship quality and customer involvement positively and negatively affect switching costs,respectively,and that switching costs negatively affect NPD performance.Switching costs mediate and moderate the relationship between social capital and NPD performance.Furthermore,switching costs significantly and positively moderate the relationship between relationship quality and NPD performance.On the other hand,switching costs insignificantly and negatively moderate the relationship between customer involvement and NPD performance.The theoretical and managerial implications of the findings are discussed.
基金Funding information National Natural Science Foundation of China,Grant/Award Number:NO.31800929Fundamental Research Funds for the Central Universities,Grant/Award Number:2020NTSS42。
文摘Affect is intertwined with sleep,yet how to adjust sleep duration to enhance affect remains unknown.Previous studies found that adjusting affective style,reflecting interindividual differences in emotion regulation,functions in processes where sleep modulates our affective state.Hence,this study examined whether and how it moderates the association between daily sleep duration and subsequent affect.An ambulatory assessment design was employed among 64 participants,wherein both within-person sleep duration and affect,and between-person affective styles were measured.Multilevel moderation analysis and simple-slope analysis were applied to test the moderation of adjusting affective style in the sleep-affect association.This study found that adjusting affective style significantly moderated the association between sleep duration and subsequent positive affect.Specifically,the association between sleep duration and subsequent positive affect was positive under higher adjusting affective style and negative under extremely lower adjusting affective style.However,such moderation was not observed in associations between subsequent negative affect and sleep duration.This study uncovers the relationship between sleep duration and subsequent affect,wherein the likelihood for individuals to reach more positive affective state by increasing sleeping duration might count on their ability of emotion regulation.Additionally,negative affect cannot be downregulated simply through long sleep duration.
