認識港大經管學院

香港人說不好英語了嗎？2023年EF English First英語能力指標測試報告指出，在亞洲23個國家和地區中，香港排名第4。在亞洲的發達地區之中，則出現兩個對英語取態迥然相異的例子。

在成熟的股票市場，不少上市公司進行現金分紅，為投資者帶來經常性收益並增強其信心。去年擬進行分紅的A股上市公司共有3859家，較前兩年增加565家，現金分紅總額達2.24萬億元人民幣，較前年增加5.16%。這趨勢與中國證監會長期以來通過政策引領的努力密不可分。

 

Sharing economy platforms are pressed to rapidly grow user bases at the early stage by aggressively targeting potential users through competitive actions. Due to the volatile nature of the sharing economy and its disruption to industry norms, these platforms encounter legitimacy challenges that impede user base growth. This paper integrates competitive repertoire and institutional legitimacy theories to develop a research model that explains early-stage user base development in the sharing economy. We posit that the early-stage user base is associated with structural characteristics of the competitive repertoire, whose effects are moderated by a platform's socio-political legitimation efforts that address stakeholders’ regulatory and normative concerns. Using a comprehensive sample of 4644 monthly observations of 129 sharing economy platforms in China, we find that the volume of two context-specific competitive actions, offering economic incentives and staging high-visibility events, along with competitive repertoire complexity, are positively related to the platform's early-stage user base. We also identify a significant negative relationship between repertoire differentiation and user base. Direct relationships are moderated by socio-political legitimation, however, such that legitimation weakens the positive impact of context-specific action volume but enhances those of repertoire complexity and differentiation. Managerial and practical implications are discussed in light of the findings.