交叉上市公司社会责任缺陷披露的市场反应——基于紫金矿业突发渗漏环保事故的案例研究

伴随着工业化进程加快,社会责任缺失现象日益严重,各类企业违法违规事故层出不穷,其中不乏国有大型控股公司,这种现象引起了投资者、监管机构等利益相关者的广泛关注。在此背景下,研究资本市场对上市公司社会责任缺陷披露的反应具有重要的理论意义和现实意义。本文以交叉上市的紫金矿业为例,采用事项研究法,检验了A股和H股市场对紫金矿业集团股份有限公司发布的一系列有关紫金山铜矿湿法厂污水池突发渗漏环保事故重要公告的市场反应,并比较了两地市场对同一公告的反应差异。研究发现:两地市场对重大事故公告均提前预知并呈负面反应,在公告前A股市场反应程度大于H股市场,公告发布后H股市场投资者更加敏感;两地市场对董事会(临时)决议公告呈正面反应,但H股市场投资者更加谨慎;对处罚公告两市反应不同,A股市场未对处罚公告作出反应,H股市场对处罚公告呈负面反应;总体而言,H股市场与A股市场反应程度存在显著差异。     

自然灾害社会脆弱性评估研究——以上海市为例

基于投影寻踪聚类模型(PPC),结合基于实数编码的加速遗传算法(RAGA),对上海市进行了自然灾害社会脆弱性评估的尝试。结果表明:①灾害社会脆弱性最高的为崇明县,其次为宝山区和金山区;②灾害社会脆弱性最低的是黄埔区,其次是徐汇区和静安区;③总体而言,灾害脆弱性较低的地区集中于上海城市中心区,而城市边缘区的社会脆弱性一般较高。     

The impact of government subsidy and tax policy on the competitive decision-making of remanufacturing supply chains

In this paper, we consider a two-period competition model of a remanufacturing supply chain consisting of three members: a new product manufacturer, a recycler and a remanufacturer. The manufacturer supplies new products in the first period and the remanufacturer participates in the competition in the second period. We consider three scenarios in the second period: (1) there is no government subsidy in the competition; (2) there is only government subsidy in the competition; (3) there are both government subsidy and tax in the competition. First, we give the optimal decision-making of the manufacturer, the remanufacturer and the government in the three scenarios; second, we analyse changes in the decision-making of the manufacturer and remanufacturer in the three scenarios and compare their results. We analyse the effects of government subsidy and tax and their asymmetric use on manufacturers’ and remanufacturers’ decision-making variables and competitive performance. We also take consumer awareness of environmental protection into account and examine its impact on subjects’ decisions. Lastly, we operate a numerical example to show the results.     

“Hey Friend,Buy Green”: Social Media Use to Influence Eco-Purchasing Involvement

This study addresses the use of message carriers to convey corporate social responsibility information to promote eco-purchasing involvement. The work tests various media formats transmitted via social media. The effects of corporate vs. peer communication in a corporate social responsibility campaign in stimulating self-reported eco-purchasing involvement are indicated. The research varies communication dimensions of a fictional corporate social responsibility campaign sent through social media. Multiple media formats; new release; article; and advertisement were tested, as was the inclusion of social media persuasive sentiment. The analysis of source/format combinations and source/format/sentiment combinations found statistically significant differences for consumer-to-consumer communication in stimulating eco-purchasing involvement in certain circumstances. This research suggests an emerging role for the consumer communicator as a content co-creator and validates the effective use of articles and news releases instead of advertising on social media, yielding managerial and scholarly implications.     

深化水资源水环境政策改革,积极推动环境社会治理——PACE20周年纪念大会会议综述

中国工程院国际工程科技高端论坛暨PACE 20周年纪念大会于2017年8月28~29日在北京举行。PACE 20周年大会就"水资源水环境政策"和"环境社会治理"两个主题进行了深入研讨,并达成以下共识:政府治理是中国水资源水环境治理的主导模式,但目前我国水资源水环境政府治理仍面临政策不规范、立法不完善、监管不到位等实质性的问题,要积极促进政策的制定与执行;环境社会治理是我国环境治理的短板,环境治理不仅需要政府的主导,更需要社会上的利益相关方参与政策制定、监督与执行过程,更需要社会各行为主体的自觉自主行动,促进环境行为改善,化解由环境引起的社会矛盾。     

The climate adaptation imperative: local choices targeting global problems?

When confronted with the demands of global climate change, what causes some policy-makers to move the climate adaptation agenda forward in their communities, while others seemingly get little accomplished? To answer this question, we first discuss work on policy-drivers in a coupled human–natural systemic context. This summary review of past research helps us develop a set of competing and complementary explanations for why some communities aggressively pursue climate adaptation policies, while others do less. Following the discussion of policy-drivers, we then undertake an aggregate-level analysis of data collected across the 169 towns in Connecticut regarding climate adaptation, thus linking policy to its fundamental global cause. The quantitative data are augmented with interview data from policy-makers and activists from around the New England region.     

The forgotten pillar: a definition for the measurement of social sustainability in American cities

This article provides a timely review of the interdisciplinary and disjointed literature on social sustainability and identifies some readily available measures of this concept for American cities. Based upon a comprehensive review of the literature, four broad dimensions are identified as being reflective of social sustainability: equal access and opportunity, environmental justice, community and the value of place, and basic human needs. Breaking these four dimensions into measurable indicators, this research provides a method for researchers and for American cities to begin to evaluate and to assess social sustainability efforts within their jurisdictions.     

Equity in neighbourhood walkability? A comparative analysis of three large U.S. cities

This study examines the spatial and statistical relationships between social vulnerability (SV) and neighbourhood walkability across three large U.S. cities with different urban typologies and development patterns: Charlotte, NC (a low-density, fast-growing “Sunbelt” city); Pittsburgh, PA (a moderate density, shrinking “Rust Belt” city); and Portland, OR (a progressive West Coast city known for its sprawl-containment policies). Binary logistic regression, independent-samples t-tests, and mapping techniques are employed to determine whether neighbourhoods with high SV (i.e. older populations, higher poverty rates, more service occupations, lower educational attainment, and a higher proportion of minorities) are as likely as those with low SV to exhibit a high degree of walkability. The publically available Walk Score® metric, based on proximity to amenities, street network connectivity, and density, was used as a proxy for neighbourhood walkability. The results indicate significant variability among cities, with Charlotte exhibiting the greatest potential for inequitable access to walkable urban environments and the most prominent concentration of “walk-vulnerable” block groups (BGs) with high SV and low walkability. Both Portland and Pittsburgh exhibited more equitable access when comparing BGs with high and low SV; however, they each presented unique spatial patterns, visualised using a series of maps.     

Some happy,others sad: exploring environmental justice in solid waste management in Kinshasa,The Democratic Republic of Congo

This paper explores the concept of environmental justice (EJ) in solid waste management (SWM) in Kinshasa, the Democratic Republic of Congo (DRC). It evaluates the extent to which EJ occurs in SWM and discusses the factors accounting for this state of affairs. The paper examines the relevant theoretical framework(s) and mechanisms that would facilitate the attainment of EJ in Kinshasa. It is argued that solid waste (SW) often ends up in the poorest and least powerful communities in the cities of the DRC. A qualitative research methodology, which includes exhaustive critical review of the literature, system analysis, reflections from best practices through case studies and discussion with stakeholders, was used for this study. Findings revealed that SWM in Kinshasa is a duty entrusted to publicly-funded municipal authorities. There are evidences of a clear divide between the rich and poor neighbourhoods in the manner SW is managed. This is an inequality that has only recently begun to be recognised as injustice practices in SWM. It is argued that a politico-cultural mechanism on remedying SWM inequities could enable changes that will address EJ in Kinshasa. Such a solution will go directly against the prevailing notion “some happy, others sad”.     

生态旅游经济关系的二重性辨析

生态旅游经济关系是自然生态关系和社会经济关系的有机统一,两种关系并存于生态旅游经济复合系统中,成为生态旅游经济可持续发展的基础.但是,生态旅游经济关系在实践中出现了严重的变形,利益关系的冲突,正在使生态旅游经济越来越多地出现不和谐的现象,突破利益关系制约的瓶颈,重建和谐的生态旅游经济关系,正是解决生态危机的着眼点.因此,本文对生态旅游经济关系的二重性进行深入辨析,指出无论是生态旅游经济行为主体还是生态旅游经济过程,都具有自然生态属性和社会经济属性相统一的二重性,这些都决定了生态旅游经济关系二重性的协调统一.针对生态旅游经济关系在实践发展中的扭曲变形,只有变革传统经济学的发展观,以生态经济学和可持续发展经济学的理论为平台,对失调的生态旅游经济关系进行修正,还原生态旅游经济关系的本来面貌,即人与自然和谐、生态与经济协调、自然生态关系与社会经济关系统一的理想状态,才能实现生态旅游经济的可持续发展.