學術論文
研究焦點
全球學者
知識轉移
明德商論
龍虎山下
媒體報導
When Words Meet Visuals: How Content Composition Drives Social Media Engagement for Marketer-Generated Content
When Words Meet Visuals: How Content Composition Drives Social Media Engagement for Marketer-Generated Content
How does the balance between text and pictorial content in marketer-generated social media posts affect user engagement? The authors address this question by using computer vision and natural language processing tools to extract the visual and textual features of 34,610 organic brand posts from Facebook and Instagram. Using a Confounding-and-Cluster-Robust Causal Forests model, they test how the balance of text and picture affects social media engagement across content and visual contexts. Results show that posts with greater emphasis on overlay text over pictorial content tend to have fewer likes and comments. However, the performance of text-oriented posts improves if text is more centered, informative, emotionally positive, and congruent with the pictorial content, and if the picture contains fewer prominent objects or less information such as social cues. They quantify how incremental changes in such content composition affect social media engagement. These findings set forth evidence-based principles for optimizing text and picture balance in marketer-generated content (MGC) and provide actionable guidelines on whether, where, when, and how to present text on an image. This research highlights the potential for transforming content and media creation from an imprecise art form into an empirical science nested within a data-driven visual optimization framework.

It Takes One to Buy but Two to Say Goodbye: Asymmetrical Preference for Others’ Involvement in Product Decisions across the Customer Journey
It Takes One to Buy but Two to Say Goodbye: Asymmetrical Preference for Others’ Involvement in Product Decisions across the Customer Journey
What influences consumers to make product decisions alone versus with household partners? This research examines how consumers’ preference for solo or joint decision-making with household partners varies between product acquisition and disposal stages. Ten pre-registered studies demonstrate that for many household products, consumers are more likely to choose joint (vs. solo) decision-making with household partners for disposal than for acquisition. This asymmetry occurs because disposal (vs. acquisition) increases perceptions of the potential for infringement on a household partner’s rights, which increases the desire for clarity about a partner’s product valuation and thus the choice of joint (vs. solo) decision-making with one’s partner. The authors identify three process-consistent boundary conditions, wherein this acquisition-disposal asymmetry is mitigated: (1) when the product cannot be used by one’s partner, (2) when considering decisions with non-household members (e.g., non-cohabitating close friends) instead of one’s household partner, and (3) when the product’s price exceeds the household’s typical budget. Moreover, the authors discuss implications of this acquisition-disposal asymmetry for consumer well-being and marketing strategies, including its potential to cause delays in disposal decisions relative to acquisition decisions. This research contributes to understanding household decision dynamics and identifies a novel contributor to overaccumulation of household products.

When Protection Becomes Exploitation: The Impact of Firing Costs on Naïve Employees
When Protection Becomes Exploitation: The Impact of Firing Costs on Naïve Employees
This paper identifies a new channel through which employment protection laws can harm workers: they enable employers to exploit naïve present-biased employees. The theoretical mechanism through which firing costs enable exploitation is built upon a widespread career structure. Employers frequently offer career trajectories with an unattractive entry phase (e.g., with low pay or high effort), an even less attractive mid-career stage, and high rewards promised in a final career phase. Naïve employees accept such contracts, expecting to complete the high-reward track. They, however, eventually drop out or sort into alternative paths mid-career when costs loom large and rewards remain distant. As a result, employers avoid paying the promised rewards while capturing surplus from early-career phases. Firing costs give employers more leeway to exploit workers with such contracts: they reduce the employees’ expected risk of dismissal and make long-term rewards appear more credible. Employers can then exploit employees even more—for example, by lowering early-career wages—knowing that employees will still accept such steeper contracts despite not following through. Our model aligns with career patterns in fields such as healthcare, academia, or accounting. It also yields testable predictions on wage structures, attrition, and how firing costs and labor market conditions shape contract design.

Corporate Lobbying of Bureaucrats
Corporate Lobbying of Bureaucrats
Executive agencies play a pivotal role in shaping the regulatory environment by crafting rules, enforcing regulations, and overseeing government contracts—all of which can have a profound impact on businesses. For firms, this potential impact creates a clear incentive for firms to influence these agencies, particularly during the critical stages of rulemaking and enforcement. In this context, lobbying emerges as a key tool that companies use to mold the regulatory landscape to their advantage. Unlike politicians, whose decisions are often swayed by electoral cycles and campaign contributions, agency officials are not elected, serve longer terms, and are less susceptible to direct political pressures. As a result, engaging in lobbying efforts with executive agencies is both more complicated and strategically crucial for firms operating within heavily regulated industries. However, the dynamics of such lobbying remain underexplored in the literature.
春節幸福感和疫情感知風險調查:來自機器學習的洞察
春節幸福感和疫情感知風險調查:來自機器學習的洞察
2023年剛結束的兔年春節內地民眾過得怎樣?調查顯示,兔年春節期間,民眾的幸福感平均值為5.47,介於“比較開心”與“開心”之間(1為最低值,7為最高值),“比較開心”以上人群占比為83.1%。
How to Recover from Work Stress, According to Science
How to Recover from Work Stress, According to Science
To combat stress and burnout, employers are increasingly offering benefits like virtual mental health support, spontaneous days or even weeks off, meeting-free days, and flexible work scheduling. Despite these efforts and the increasing number of employees buying into the importance of wellness, the effort is lost if you don’t actually recover. So, if you feel like you’re burning out, what works when it comes to recovering from stress? The authors discuss the “recovery paradox” — that when our bodies and minds need to recover and reset the most, we’re the least likely and able to do something about it — and present five research-backed strategies for recovering from stress at work.

研究企業之間的協調行為 – 郝宇博士
研究企業之間的協調行為 – 郝宇博士
計算機編程聽起來好像和經濟風馬牛不相及,但擁有出色的編程技術,不但能幫助個人進行經濟學學術研究,更能助你在商界捉緊更多就業機會。

疫況愈下 「清零」何價?
疫況愈下 「清零」何價?
香港在連續數月「清零」後,在社區出現Omicron變種病毒個案,爆發第五波疫情,特區政府因而重新推出表列處所須關閉等社交距離防疫措施,並取消多項大型活動。
構想虛擬貨幣的未來 – 游楊博士
構想虛擬貨幣的未來 – 游楊博士
作為教師,在鼓勵同學努力學習之餘,我亦會主動了解本地市場運作以及邀請僱主來到課堂分享業界經驗。

中企出海:中國宏觀經濟轉型的必經之路
中企出海:中國宏觀經濟轉型的必經之路
當前中國經濟正處於深度轉型期。 儘管擁有14億人口的內需潛力,但房地產調整引發的財富效應收縮、居民高儲蓄率(2024年超過43%)與消費信心不足制約內需釋放。 同時,部分高端製造領域供強需弱,國內市場「內卷」加劇。
當AI開始「一本正經地胡說八道」:全球大模型競逐中的隱性風險
當AI開始「一本正經地胡說八道」:全球大模型競逐中的隱性風險
大語言模型如今正日益滲透到知識生產、商業分析、法律諮詢與醫療決策等核心領域,一個過去常被視為技術性缺陷嘅問題,正迅速成為全球技術競賽嘅新焦點:大語言模型嘅「幻覺」( Hallucination )——即模型喺缺乏事實依據時,仍然以極高「信心」畀出流暢、卻虛假嘅答案。
評估稅:為何AI時代需要從「生產」轉向「驗證」
評估稅:為何AI時代需要從「生產」轉向「驗證」
若使用得當,生成式 AI 能夠顯著提升人類的生產力。 它可以協助團隊探索戰略、起草行銷方案,並大幅拓展個人產出的廣度與速度。
商用車電動化從「充電陷阱」到「換電突圍」的破局解方
商用車電動化從「充電陷阱」到「換電突圍」的破局解方
在全球新能源汽車的補能進化史中,換電技術(battery-swapping technology)經歷了一場戲劇性的重生。早在2007年,以色列公司Better Place就構想了自動化換電的藍圖,試圖通過物理更換電池消除續航焦慮。2013年,美國電動車生產商特斯拉(Tesla)曾高調演示了90秒換電技術,速度完勝燃油車加油。
驅動香港成為全球右軚自動車市場的超級跑道
驅動香港成為全球右軚自動車市場的超級跑道
回望過去5年,全球汽車產業經歷了上半場的劇變,期間的競爭主題是「能源定義汽車」,即電池技術與續航里程的競賽。展望未來5年之下半場,其焦點無可爭議將轉向「演算法定義汽車」,即人工智能、大數據與算力驅動的智能駕駛技術。根據摩根士丹利的預測,到2030年,採用部分或全自動駕駛技術的車輛將創造高達 2000 億美元的市場規模。
從「搵位難」到「等位煩」——香港充電破局之智能化
從「搵位難」到「等位煩」——香港充電破局之智能化
筆者上周深入剖析了香港電動汽車充電市場面臨的結構性矛盾:土地資源極度稀缺且電力容量受限;依賴「堆砌硬體」的粗放式增長殊不明智。當務之急,在於構建一個根據不同場景和用戶需求精準配置、異構化的充電基礎設施網絡:快慢並存,精準接軌。
中企出海:中國宏觀經濟轉型的必經之路
中企出海:中國宏觀經濟轉型的必經之路
當前中國經濟正處於深度轉型期。 儘管擁有14億人口的內需潛力,但房地產調整引發的財富效應收縮、居民高儲蓄率(2024年超過43%)與消費信心不足制約內需釋放。 同時,部分高端製造領域供強需弱,國內市場「內卷」加劇。
商用車電動化從「充電陷阱」到「換電突圍」的破局解方
商用車電動化從「充電陷阱」到「換電突圍」的破局解方
在全球新能源汽車的補能進化史中,換電技術(battery-swapping technology)經歷了一場戲劇性的重生。早在2007年,以色列公司Better Place就構想了自動化換電的藍圖,試圖通過物理更換電池消除續航焦慮。2013年,美國電動車生產商特斯拉(Tesla)曾高調演示了90秒換電技術,速度完勝燃油車加油。