Social Science Foundation Research Articles

Does Bank Monitoring Reduce Corporate Misreporting? Evidence from Foreign Bank Entry in China

We propose a model of bank monitoring and borrower financial misreporting. Using the staggered liberalization of the banking sector in China as a natural experiment, we find that, consistent with the model’s prediction, entry by more efficient foreign banks reduces corporate misreporting fraud. Fraud reduction is greatest among borrowers of foreign banks, but fraud also drops among borrowers of domestic banks, suggesting a spillover effect. As predicted by the model, fraud reduction is greatest for borrowers with higher levels of fixed assets or lower levels of current assets. Our evidence suggests that improved bank monitoring reduces financial misreporting. This paper was accepted by Tomasz Piskorski, finance. Funding: M. Li acknowledges support from the National Science Foundation of China [Project 71402078] and the Social Science Foundation of Tsinghua University [Project 2013WKZD004]. Supplemental Material: The online appendices and data files are available at https://doi.org/10.1287/mnsc.2022.02414 .

BIBLIOMETRIC ANALYSIS OF INNOVATION AND ENTREPRENEURSHIP EDUCATION IN CHINA: BASED ON CNKI DATABASE (2014-2023)

Innovation and entrepreneurship education is the engine and driving force to promote social and economic development and advancement. China's innovation and entrepreneurship education has been researched and developed for more than 20 years. In order to grasp the current situation, hotspots, trends and future of innovation and entrepreneurship education research in China, 1330 sample literatures in CNKI database are used as the research object, and bibliometric methods are adopted to visualise, analyse and compare the big data of the literature in terms of the annual volume of published papers, research topics, disciplinary distributions, authors of the published papers, journals of published papers, institutions of the published papers, high citations, downloads, and categories of sources, etc. The results are as follows. The results found that: China's innovation and entrepreneurship education research disciplines are mainly divided into higher education and vocational education; journals such as Education and Career, Science and Technology in Chinese Colleges and Universities, and Secondary School Politics Teaching Reference are the main dissemination carriers; Peking University Core is the main journal source; Northeast Normal University, Xiamen University, and Wenzhou Medical University are the main publishing institutions; and the National Educational Science Programming Project, and the National Social Science Foundation are the main funding funds.

Robust Drone Delivery with Weather Information

Problem definition: Drone delivery has recently garnered significant attention due to its potential for faster delivery at a lower cost than other delivery options. When scheduling drones from a depot for delivery to various destinations, the dispatcher must take into account the uncertain wind conditions, which affect the delivery times of drones to their destinations, leading to late deliveries. Methodology/results: To mitigate the risk of delivery delays caused by wind uncertainty, we propose a two-period drone scheduling model to robustly optimize the delivery schedule. In this framework, the scheduling decisions are made in the morning, with the provision for different delivery schedules in the afternoon that adapt to updated weather information available by midday. Our approach minimizes the essential riskiness index, which can simultaneously account for the probability of tardy delivery and the magnitude of lateness. Using wind observation data, we characterize the uncertain flight times via a cluster-wise ambiguity set, which has the benefit of tractability while avoiding overfitting the empirical distribution. A branch-and-cut (B&C) algorithm is developed for this adaptive distributionally framework to improve its scalability. Our adaptive distributionally robust model can effectively reduce lateness in out-of-sample tests compared with other classical models. The proposed B&C algorithm can solve instances to optimality within a shorter time frame than a general modeling toolbox. Managerial implications: Decision makers can use the adaptive robust model together with the cluster-wise ambiguity set to effectively reduce service lateness at customers for drone delivery systems. Funding: This work was supported by the National Natural Science Foundation of China [Grants 72101049 and 72232001], the Natural Science Foundation of Liaoning Province [Grant 2023-BS-091], the Fundamental Research Funds for the Central Universities [Grant DUT23RC(3)045], and the Major Project of the National Social Science Foundation [Grant 22&ZD151]. Supplemental Material: The online appendices are available at https://doi.org/10.1287/msom.2022.0339 .

Politically Affiliated Analysts

Government ownership of financial intermediaries is pervasive around the world. In this study, we examine the impact of common government ownership between the brokerage and listed firms on the information production role of brokerage firms. We show that affiliated analysts tend to issue more optimistic recommendations for stocks of firms controlled by the same government entity that controls their brokerage firms. This optimistic bias is particularly pronounced during periods of economic shocks. Our study demonstrates this by utilizing additional tariff impositions and tariff exemptions during the U.S.–China trade war as exogenous negative and positive shocks, respectively. Additionally, our study indicates that stocks recommended by politically affiliated analysts tend to underperform those recommended by independent analysts, implying that the optimism stems from conflicts of interest rather than superior information. Furthermore, our research highlights that sophisticated investors perceive the potential bias and incorporate it into their trading. Consistent with an exchange of favors story, politically affiliated brokerage firms receive a larger allocation during the issuance of local government debt, whereas governments subscribe for more shares during seasoned equity offerings by these affiliated brokerage firms. This paper was accepted by Kay Giesecke, finance. Funding: The authors gratefully acknowledge the financial support from the National Natural Science Foundation of China [Grants 71972088, 72132002, and 71991473], the National Social Science Foundation of China [Grants 21ZDA010 and 22VRC145], and the Innovation and Talent Base for Digital Technology and Finance [Grant B21038]. Supplemental Material: The online appendix and data files are available at https://doi.org/10.1287/mnsc.2022.00579 .

How to Control Waste Incineration Pollution? Cost-Sharing or Penalty Mechanism—Based on Two Differential Game Models

This study explores whether the government should implement a cost-sharing or penalty mechanism to control waste incineration pollution and investigates which policy can best incentivize incineration plants to invest in pollution control. We design two differential game models, one based on a cost-sharing approach and one on a penalty system, to model the interactions between the government and incineration plants. We then compare and analyze the equilibrium outcomes in both scenarios. Our findings reveal that when incineration pollution significantly impacts the government, both the cost-sharing and penalty mechanisms are effective in stimulating incineration plants to enhance their pollution control efforts. However, when incineration pollution significantly affects the incineration plants themselves, the cost-sharing mechanism proves to be more effective in terms of pollution control. Furthermore, we find that the government derives greater utility under the cost-sharing mechanism compared with the penalty mechanism, especially as the amount of municipal solid waste (MSW) increases. In contrast, incineration plants tend to generate higher profits under the cost-sharing mechanism. These findings and their accompanying managerial implications may provide valuable guidance for government agencies in formulating policies to manage incineration pollution and encourage waste incineration plants to invest in improving their pollution control systems. Funding: This work was supported by the National Natural Science Foundation of China [Grant 71571149], Humanities and Social Sciences Foundation for Youth Scholars of Ministry of Education of China [Grant 22YJC630171], and Natural Science Foundation of Sichuan Province of China [Grant 2023NSFSC1055].

Weber's understanding of epistemological and methodological foundations of social sciences and sociology

Weber's understanding of epistemological and methodological foundations of social sciences and sociology

The Study of the History of Russian Emigration by Modern Chinese Scholars (According to the Scientific Site CNKI — 中国知网)

In China and Russia in recent years, the history of Russian emigration has attracted increased interest from many scholars. The purpose of the article is to identify and systematize publications about the fate of Russian emigrants in China, posted on the site “Zhiwang” (中国知 网, www.cnki.net). The analysis of information on this topic made it possible to identify the degree of interest of Chinese scientists in the study of intellectual and cultural heritage. The authors draw attention to the scientific and educational activities of educational organizations (Harbin Normal University, Heilongjiang University, Qiqihar University, Heihe University, East China Normal University, etc.) and scientific foundations (State Social Science Foundation of China, Philosophy and Social Science Foundation of Heilongjiang Province, etc.), which provided financial support and documentation support for the ongoing research. The authors of the article used their thematic focus as the main criterion for systematizing the publications of the Chinese site “Zhiwang”. The article focuses on quantitative indicators: the number of publications of Chinese scientists on the history of Russian emigration, the publication activity of the most famous Chinese Scientists-Slavists who described the fate of Russians who ended up in China. The applied value of the description by Chinese scientists of the educational and research, professional and entrepreneurial activities of Russian emigrants is noted. The opinion of Chinese scientists is emphasized that the culture (literature, painting, music) of Russian emigrants who settled in the cities of Northern China, adapted in the cultural space of the local population, left a significant mark in the history of China. The authors come to the conclusion that the cultural and historical heritage of Russian emigrants can currently be used not only to preserve national and spiritual values, but also to strengthen cultural interaction between China and Russia.

Towards a cosmopolitan social theory: An epistemological inquiry

The increasing significance of transnational and global phenomena determines the need in a new social theory that, while considering the particularity and unique characteristics of social phenomena, makes them scientifically meaningful on a transnational and global scale and in relation to each other. The fluid, indeterminate and multi-dimensional nature of global phenomena, which has become the basis for deep uncertainty and insecurity throughout the world, has increased the need to understand transnational and global phenomena. This made social and global studies revisit and reformulate social theory in relation to globalization and ever-increasing global interconnectedness [1; 33]. In general, there are two approaches: the revisionist approach seeks to reformulate and modify social sciences based on the new ontology of the contemporary world and referring to the roots and foundations of social sciences, especially sociology, to be reconstructed and restored [2; 17; 30; 34]; radical approaches argue that, given the historical-social background of social sciences and their epistemological-theoretical characteristics, it is impossible to modify and adapt them to the contemporary world; thereby, they strive to substitute these sciences [1; 4; 18; 23; 35-37]. The paper presents an attempt to find a balance between these two extremes, criticizing the epistemological foundations of social sciences and retrieving them from post-foundationalist philosophy, in order to develop a cosmopolitan social theory. Global cosmopolitanization and the increasing role of indeterminacy, mutual communication and interdependence of social phenomena, determine the need in a social theory that takes into account singularity and conceptualizes it in relation to transnational and global trends through concepts of fluidity and indeterminacy. The author argues that social sciences and theories are based on three epistemes - modern, national, and imperial - as the epistemological-historical foundations. Any cosmopolitan social theory needs primarily to criticize and go beyond these epistemes, which the author shows by interrogating two epistemological antinomies - universalism/singularism and essentialism/relativism. Postfoundationalism and the idea of social configurations are presented as the cores of cosmopolitan social theory, which can overcome the predicaments imposed by three epistemes and provide a solution for the above-mentioned antinomies. .

A study of integrating discourse-context information into Spanish aspect grammatical teaching for Sinophone learners

This work explores and evaluates the effect of teaching the Spanish past tense aspect (indefinite preterit and imperfective preterit) to Chinese learners in a discourse context compared with the traditional teaching of grammar. We postulate that this teaching methodology—which integrates the content of traditional grammar programs with implicit and explicit instruction on how to interpret discourse-contextual information—will be more effective for Spanish L2 learning in the Chinese university context. In order to test the effect, we conducted a study with two groups of students under two different conditions. The experimental group contained 18 subjects, and the control group, which was taught in a traditional grammar program, contained 17 subjects. Using a teaching experiment that involved three online video-based grammar classes and the gathering of students’ data from pre- and post-tests consisting of comprehension task and multiple-choice tasks, we observed that the instruction of how to interpret aspectual information in a discourse context improved the learners’ ability to analyse and comprehend the target grammar point. However, the learners did not show more accuracy in their use of stative verbs in the post-test than that in the pre-test. FUNDING INFORMATION. This research was funded by National Social Science Foundation of China (20CYY001).

International political relations on the anxiety disorders of Sino-Japanese Marine literature exchange

BackgroundThe exchange of Marine literature is conducive to enhancing the understanding and friendship between the two peoples, and is also closely related to international political relations. However, tensions and uncertainties in international political situations often carry a risk of developing anxiety disorders.Subjects and MethodsBased on a psychological perspective, we collected personal information about participants’ personal information, the degree of anxiety disorders and the perception of international political relationships through questionnaires. The sample includes 400 people from Both China and Japan. The correlation of anxiety disorder and international political relations was analyzed by Logistic.ResultsThe research results show that the international political relations under the background of Sino-Japanese Marine literature exchange have a significant impact on the anxiety disorders of the two peoples (P <0.05). In the tense and unstable political environments, people generally show higher levels of anxiety. In addition, compared with the Chinese people, the Japanese people are more likely to experience anxiety disorders under the pressure of international political relations.ConclusionsInternational political relations have an important impact on people’s mental health. In order to reduce public anxiety disorders, it is necessary to strengthen communication and cooperation between China and Japan to improve people’s psychological resilience and coping ability through various channels. In addition, governments and the international community should work together to promote a stable and sustainable development of international political relations and reduce the risk of anxiety among people.AcknowledgementGeneral Project of Philosophy and Social Science Research in Jiangsu Universities in 2022 (No. 2022SJYB1858); Fellowship: Project of Social Science Foundation of Jiangsu Province in 2017 (No. 17WWB006*).

Power distribution in universities on mixed depression among students from a psychological perspective

BackgroundThe allocation of power in universities has a direct impact on students’ mental health, and whether the allocation of power is reasonable or not can lead to mixed depression symptoms in students’ learning process. Mixed type depression usually not only has symptoms of depression, but also is accompanied by manic symptoms. The fundamental way to improve the internal governance structure of universities is to establish a power balance mechanism, effectively ensuring the balanced allocation of students’ political, academic, and democratic power, and forming a scientific and reasonable power structure.Subjects and MethodsThe study selected 50 students respectively from two universities as the research subjects, divided into an experimental group and a control group. The experimental group conducted a balanced allocation of internal governance structure, while the control group adopted traditional management methods. The depression status of two groups of students is compared and analyzed after one month of intervention.ResultsThe study used Excel 2010 and SPSS 23.0 to organize and analyze the data. The results showed that there was no significant difference in mental health indicators between the experimental group and the control group before the power allocation reform (P>0.05), and after intervention, the values of mental health indicators in the experimental group were significantly higher than those in the control group (P<0.05).ConclusionsAccording to the results, it can be seen that the internal power allocation in universities has a certain impact on the mixed depression of college students, and after replanning and rational allocation, the psychological health status of college students can be significantly improved.AcknowledgementGeneral item of pedagogy of national social science foundation (No. BIA210163).

Psychological influence of emerging niche clothing culture on youth with OCPD

Background Subculture is a unique cultural group formed outside the mainstream culture, and emerging niche clothing culture usually refers to some non-traditional, independent brand or style clothing culture. Compulsive personality disorder is a psychological disorder in which patients tend to overly focus on details, order, and perfectionism. For young people with obsessive-compulsive personality disorder, participating in emerging niche clothing culture may have some psychological effects.Subjects and MethodsSelect 100 patients with obsessive-compulsive personality disorder and randomly divide them into two groups: the experimental group and the control group. The experimental group of patients adopted emerging niche clothing culture and conventional psychological treatment methods, while the control group adopted conventional psychological treatment methods. The experimental period is 3 months, and the treatment effects of patients after 3 months are compared and statistically analyzed using Excel and SPSS23.0.ResultsThe research results indicate that the combination of emerging niche clothing culture and conventional psychotherapy methods is more likely to obtain a different way of relaxation and decompression compared to conventional psychotherapy methods. This novel rather than traditional clothing style can become a way for them to alleviate the pressure of compulsive thinking and behavior, providing physical and mental comfort.ConclusionsThe emerging niche clothing culture can provide a unique way for young people with obsessive-compulsive personality disorders to express their individuality and uniqueness. By choosing clothing and styles that are different from mainstream clothing styles, they can express their independent thinking and aesthetic preferences.Acknowledgement2021 National Social Science Foundation Art Program (No.21BG103).

Cognitive-behavioral group teaching on social anxiety disorder of tourism management majors

Background Group Cognitive Behavioral Therapy (GCBT) is the primary psychological treatment for social anxiety disorder. The core concept of Cognitive Behavioral Therapy is manifested in two aspects: cognitive correction and behavioral feedback. Social Anxiety Disorder (SAD) is a chronic mental disorder with a high incidence of negative automatic thinking and negative fear.Subjects and MethodsThis study conducted a controlled experiment between 50 SAD patients and 50 healthy people. Before treatment, 50 SAD patients were surveyed by psychological questionnaires, including social anxiety scale, social support scale, and parenting style questionnaire, to evaluate the thinking style, personality characteristics, and external psychosocial support of SAD patients. After GCBT treatment, SAD patients were again surveyed with a scale and questionnaire within one week to evaluate the degree of symptom improvement and cognitive change. In this study, SPSS23.0 analysis software was used for analysis.ResultsThere were significant differences in thinking style, personality characteristics, social support, and parenting style between SAD patients and the control group (P<0.05). Social anxiety (P=0.03), negative thinking (P=0.03), and fear of negation (P=0.04) were significantly lower in GCBT patients after treatment than before treatment.ConclusionsGCBT treatment can change the symptoms of SAD patients in a long-term and stable manner, which is related to the changes in patients’ cognitive habits. GCBT treatment can improve the negative cognition of SAD patients to reduce their symptoms, and increasing subjective social support and reducing paternity rejection can improve the long-term prognosis of patients with social anxiety.AcknowledgementThe National Social Science Foundation (22XGL021); Guizhou grassroots social governance innovation high-end think tank; the grass-roots governance innovation team for Rural Revitalization of Guizhou Federation of Social Sciences.

Work stress and psychological conditions: a survey study of anxiety disorders among investment banking practitioners

BackgroundThe work stress and psychological condition of financial investment bankers is a hot issue widely concerned by society. Excessive work pressure is a major risk factor for triggering anxiety disorder episodes. Anxiety disorders are often accompanied by symptoms such as nervousness, worry, muscle tension, panic, sweating, and avoidance of work or emotional instability. In order to reduce the level of anxiety among the practitioners of this industry, the study investigated the current status of anxiety disorders among the practitioners of investment banking.Subjects and MethodsA total of 1456 investment banking practitioners in a certain area were interviewed using the Composite International Diagnostic Interview Schedule-3.0 (CIDI-3.0), and anxiety disorders were diagnosed according to the Hamilton Anxiety Scale (HAMA), Hamilton Depression Scale (HAMD), Symptom Self-assessment Scale SCL90, and Self-Acceptance Questionnaire (SAQ).ResultsThere were significant differences in the scores on HAMA, HAMD, SCL90, and SAQ among investment banking practitioners with different distributions of age, gender, years of working experience, marital status, and income level (P<0.01), and the differences in the detection rate of anxiety disorders distributed by education level were not statistically significant (P>0.05).ConclusionsThe possibility of anxiety disorders among investment banking practitioners is high, and psychological guidance and proper guidance need to be strengthened. This survey study provides a theoretical basis for the development of targeted interventions for anxiety disorders in the future.AcknowledgementNational Social Science Foundation Project (No. 10BJY106).

Market Reaction to CEOs’ Dynamic Hemifacial Asymmetry of Expressions

Neuropsychological studies propose that listeners unconsciously assess speakers’ trustworthiness via their facial expressions. Building on this theory, we investigate how investors respond to CEOs’ dynamic hemifacial asymmetry of expressions (HFAsy) shown in CNBC’s video interviews about corporate earnings. Consistent with the neuropsychological prediction that facial asymmetry induces distrust, we document that (1) the stock market reacts negatively to the CEO’s HFAsy shown in the interview video, and (2) the market reaction to favorable earnings news is negatively associated with the CEO’s HFAsy. We also find a significantly positive association between the short-window abnormal bid-ask spreads and HFAsy, suggesting a larger investor disagreement for firms with high-HFAsy CEOs. Furthermore, we show that analyst forecast revisions are negatively associated with CEOs’ HFAsy. Our results are robust to conducting a falsification test using the previous quarter as a pseudo-event, employing an alternative measure of HFAsy, and using more granular trading data at the second level. Overall, our study provides evidence that investor trust and trading behavior are affected by the dynamic hemifacial asymmetry of expressions appearing on CEOs’ faces. This paper was accepted by Brian Bushee, accounting. Funding: Financial support from the National Natural Science Foundation of China [Grants 71772123, 72132006, 72172038, 72241425, 72273088, 72372103, and 72310107002], the National Social Science Foundation of China [Grant 23ZDA039], Fudan University (Sci-Tech Innovation Foundation of School of Management), and the Research Fund of Shanghai Data Exchange Corporation is gratefully acknowledged. Supplemental Material: The data files are available at https://doi.org/10.1287/mnsc.2023.4922 .

Trend and Hot issues of Governance Research in China from the Perspective of Government Funding ——Based on the National Social Science Fund Project from 1991 to 2021

Government funding is an important way to promote the academic development, discipline construction and cultivation of scientific research talents in China. Based on the data of 3911 projects funded by the National Social Science Foundation from 1991 to 2021, this paper analyzes the development process and evolution of the hottest topic of "governance" research. The research shows that governance research in the field of social sciences in China has experienced through three stages: sprout development, quasi-localization and full-speed climbing. The academic contribution rate and competitiveness present a "Pareto’s law" distribution in terms of disciplines and regions. The research topics mainly focuses on the modernization of national governance system and capacity, rural and ethnic region governance, grassroots governance of urban communities, collaborative governance of ecological environment and network security governance are carried out in the core clusters. Social governance, national governance and collaborative governance are the most concerned research topics at present.

Placing regimes of mobilities beyond state-centred perspectives and international mobility: the case of marketplaces

Scholars have scrutinized the state-centered and sedentarist foundations of social sciences that pitch ‘mobilities’ against ‘places’ by arguing that places and mobilities always co-constitute each other. Contributing to this debate, this article deploys the concept of ‘regimes of mobilities’ to study how mobilities are not only ‘placed’, but also entangled in, and shaped by, different power systems. By regimes of mobilities we understand all the mechanisms that differentiate mobilities into categories and hierarchies. This article argues that linking the concept of regimes of mobilities to the study of places can help illuminate how the ordering and differentiation of diverse forms of mobilities play out in the everyday realities of particular places. We empirically demonstrate this argument through the study of outdoor markets in three European countries: the United Kingdom, Switzerland and the Netherlands. We delineate different regimes of mobilities that together shape both access to, and the production of, markets. We conclude that the concept of regimes of mobilities helps to identify this intersection of multiple systems of rules, regulations and norms. Hence, the concepts allows one to direct attention systematically to the different power systems that affect the supposedly ‘mundane’ mobilities that constitute place and the skills required to navigate the related dynamics.

O razvitii russkogo yazykoznaniya v Kitae v XXI v. na osnove nacional'nyh proektov, finansiruemyh Fondom social'nyh nauk

The national project funded by the Social Sciences Foundation of China is the most advanced project of the Foundation for Scientific Research in Philosophy and Social Sciences in China. This article analyzes the relevant data of national projects to study the direction of the development of Russian linguistics, to determine trends and the fulcrum of research in China.

Building responsive and resilient supply chains: Lessons from the COVID‐19 disruption

Building responsive and resilient supply chains: Lessons from the <scp>COVID</scp>‐19 disruption

Can Third-Party Sellers Benefit from a Platform’s Entry to the Market?

Because of the informational advantage of online marketplaces (i.e., platforms), it is a common belief that a platform’s market entry will be detrimental to third-party sellers who sell similar products on the platform. To examine the validity of this belief, we conduct an exploratory analysis using the sales data for a single product category provided by JD.com for the month of March 2018. Our analysis reveals an unexpected result. Upon the platform’s entry, third-party sellers who sell similar products can afford to charge a higher price, obtain a higher demand, and earn a higher profit. To provide a plausible explanation for this unexpected exploratory result, we develop a duopoly model that incorporates the changing competitive dynamic before and after the platform’s entry. Specifically, before entry, the platform earns a commission (based on the seller’s revenue), whereas the seller sets its retail price as a monopoly. After entry, the platform earns a profit generated by its direct sales in addition to the commission from the seller. In addition, the seller and the platform operate in a duopoly and engage in a sequential game. By examining the equilibrium outcomes associated with this sequential game, we identify conditions under which the platform’s entry can create a win-win situation for both parties. Specifically, these conditions hold when the platform’s market potential is moderate and when the platform’s entry creates a sufficiently high spillover effect on the seller, providing a plausible explanation for our empirical finding that the seller can benefit from a platform’s entry. Funding: W. Wang acknowledges the financial support from the National Natural Science Foundation of China [Grant 72173019], the Beijing Social Science Foundation [Grant 20JJA004], the Chinese Ministry of Education Research Funds on Humanities and Social Sciences [Grant 21YJA790056], and the Excellent Young Scholar Funds of UIBE [Grant 19YQ17].