This study investigates whether venture capital reputation is a blessing or a curse for entrepreneurial firm innovation by using data from 1553 observations of venture capital investments on entrepreneurial firms in China's New Over-the-Counter (OTC) Market. Advantages that venture capital brings to entrepreneurial firms have been widely acknowledged in extant research. However, our research emphasizes the potential resource outflows rather than inflows when firms are embedded in a shared reputable venture capital, and finds that the curse effect of venture capital reputation on entrepreneurial firms is manifested. Furthermore, we develop the concept of venture capital "intra-industrial reputation" and "extra-industrial reputation" to give a contingent answer to the "blessing or curse" question. The conclusions are drawn indicating that the curse effect is contingent on industrial distance. Venture capital intra-industrial reputation is positively linked to entrepreneurial firm innovation, whereas extra-industrial reputation exerts a strong negative impact, which is responsible for the curse effect.
The low-carbon economy already became the tendency of global development, and logistics holds the important position in the low-carbon economy. The low-carbon concept is also inevitably transmited to the logistics industry. For this reason, the notion of low-carbon logistics is proposed. Through the analysis of the challenges and opportunities logistics industry faces in China under the background of low-carbon economy , then this article discussed that what measures and methods logistic industry should take to reduce logistics cost and to improve the international competitive advantage.
This paper reviews the introduction, implementation, and adjustment of benchmark on-grid power tariffs in China as well as discusses the impact from the on-going power market reforms. The analysis was made with the price data and policy documents from the NDRC and regional regulators. This paper concludes with a summary of features and drivers of historical changes in benchmark on-grid power tariffs and the values and contributions of this dominant price-setting mechanism of electric power in the last 15 years.
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