团队

2025年11月26日，大埔宏福苑一场空前大火引起了社会各界的高度关注。除了包括消防处的各政府部门和社会福利机构全力投入救援外，企业作为另一股重要救灾力量，同时迅速进场。

近年人工智能（AI）浪潮席卷全球，生成式AI的普及令算力需求急剧膨胀。在光鲜亮丽的模型与产品背后，支撑这场科技革命的基础设施，就是遍布各地的数据中心。这些看来平平无奇的厂房，实则已成为数字经济的关键支柱，亦是大国博弈的战略筹码。

Research suggests that firms participating in stock market liberalization programs are exposed to global investors who can exert cross-border influence on management decisions. Accordingly, as global investors increasingly adopt environmental, social, and governance (ESG) principles, firms in these programs may enhance their corporate responsibility and their commitment to addressing grand challenges. We challenge this literature by explaining why this effect of stock market liberalization programs should not be taken for granted, especially in emerging markets and contribute to the field by showing that institutional factors moderate this relationship. Using China's stock market liberalization programs as natural experiments that quasi-exogenously connect emerging-market firms to global investors, we find that emerging-market firms in stock liberalization programs reduce their disclosure of supplier identity information, an important step in tackling environmental grand challenges. However, when emerging-market firms have certain characteristics, such as a large proportion of committed foreign ownership, global environmental certifications, and top leadership with overseas experience, the negative effect is diminished and even reversed as the balance between the long-term upsides and short-term downsides of voluntary supplier disclosure shifts.

当下全球化进程波折反复，国际环境亦深刻演变，中国企业的出海战略备受挑战。以往成功出海的模式简单直接：依靠与东道国政府高层建立紧密政治关系，以便迅速获取资源、市场准入和政策优惠。时至今日，地缘政治紧张，贸易保护主义抬头，各国内政亦变数剧增，依靠“政府导向型”出海战略的中国企业，正面临前所未有的挑战，如何迅速加以应对，是实现海外持续发展的核心问题。

Firms with political connections to a regime with an authoritarian history face a dilemma when the regime undergoes a democratic transition. Such connections provide an essential competitive advantage when the regime is in power but become a liability when an institutional transition brings democratic change. This study theorizes that when expose a regime’s distorted policies favoring elites over others and signal a high probability of regime turnover, firms may hedge against the risks associated with their political connections by engaging in philanthropy. We further contend that this effect is stronger for firms located in regions characterized by the rise of an opposing political party or a strong civil society. We find support for our theory in Taiwan’s 2014 Sunflower Movement. Our article reveals a strategy that firms adopt to survive democratic transitions and thus contributes to research on how firms use non-market strategies to adapt to institutional changes. Our research also shows that strategic corporate social responsibility (CSR) can substitute for corporate political activity or compensate for its limitations, and it expands research on the signaling function of social movements from public to private politics.

数字化生活已经成为现代社会不可或缺的一部分，然而对于中国2.97亿60岁以上的长者来说，新技术能否让他们受益却仍然存疑。 尽管各界都在努力推动「智慧养老」，但现实是许多长者在跨越数字鸿沟时，遇到不少挑战。随着全球老龄化趋势加剧，如何确保庞大的银发族享受科技时代的便利，成为了亟待解决的社会问题。

宁夏近年来成为中国出产葡萄酒的重要基地，该区酿酒量占国产酒庄总量近半。宁夏各个酒庄不仅带动了当地经济发展，还成为中国葡萄酒行业的ESG先锋，积极推动可持续农业、生物多样性、绿色经济以及当地文化保护。

环境、社会及管治（Environmental, Social, and Governance，简称ESG）近年好似雨后春笋般，已经无处不在。当众人还分不清这3个字母顺序的时候，ESG早已牵动无数跨国公司的重大决策，也深刻影响各国政府的监管决定。

环境、社会及管治（Environmental, Social, and Governance，简称ESG）近年好似雨后春笋般，已经无处不在。当众人还分不清这3个字母顺序的时候，ESG早已牵动无数跨国公司的重大决策，也深刻影响各国政府的监管决定。