團隊

年屆88歲的查爾斯．漢迪（Charles Handy）是英國管理學大師，其著作《理解組織》（Understanding Organizations）更是組織研究的經典。近幾年，漢迪在中國內地聲望日隆，原因是他的一本小書《第二曲線》（The Second Curve）。

We investigate the impact of corporate governance on customers' trust using a dynamic model of experience‐goods firm. In the optimal equilibrium, customers' trust in the firm is linked to its behavior in the market for corporate control, so that the controlling shareholder has incentives to ensure high product quality while noncontrolling shareholders' interests are protected. Following a trust‐damaging event, turnover of the controlling share block restores customers' trust and enhances total shareholder value. Our analysis identifies an endogenous cost of corporate control, offers implications for the control premium, and provides a novel rationale for the separation of ownership and control.

管理學大師克里斯滕森（Clayton Christensen）今年1月不幸去世，他生前憑其所提出的「顛覆性創新」理論（Theory of Disruptive Innovation）聞名於世。2011年，其著作《創新者的窘境》（The Innovator's Dilemma）更被《經濟學人》（The Economist）評為史上六大商業名著之一；書中提出了一個極其重要的問題：成功高效的企業，往往不擅長自我革新，與時俱進。這些企業也許很早就知道了競爭者的新技術，但最初並不重視。新技術不成熟，吸引的顧客也有限。可問題是，當企業醒覺時，卻往往為時已晚。

In an environment subject to random fluctuations, when does an increase in the breadth of activities in which individuals interact together help foster collaboration on each activity? We show that when players, on average, prefer to stick to a cooperative agreement rather than reneging by taking their privately optimal action, then such an agreement can be approximated as equilibrium play in a sufficiently broad relationship. This is in contrast to existing results showing that a cooperative agreement can be sustained only if players prefer to adhere to it in every state of the world. We consider applications to favor exchange, multimarket contact, and relational contracts.

李教授是一名擅長於人事管理，組織經濟學和戰略學的學者。他以開發簡單而優雅的模型以捕捉複雜現實聞名。李教授視經濟學是一門藝術丶一種哲學。他獨到的眼光和超凡的邏輯思維，令他成為一名別樹一格的經濟學理論學家。