D Zhao

Examining the effect of hedge fund activism on gender diversity, we find that the number of female directors decreases after a firm is targeted by hedge fund activism. Using the employment history data from BoardEx, we find that activist hedge funds are more likely to appoint people with finance backgrounds to the boards of target firms. And the newly appointed finance background directors are almost all male because of the lack of diversity in the finance industry. The lack of gender diversity of the hedge funds’ networks and the lack of qualified female directors in the local area also help explain the impact of hedge fund activism on gender diversity on the board.

Based on the evolutionary game theory, this article constructs a quartet evolutionary game model for debt restructuring with the participation of asset management companies; studies the interactive mechanism of complex behaviors among the government, banks, asset management companies, and enterprises; and analyzes the stability of the strategies of each game subject. It also analyzes the stability of the equilibrium points in the system and finds the stable points that maximize the interests of each subject. Research shows that the government chooses to give specific support, banks choose debt-to-equity swaps, asset management companies choose to provide liquidity, and enterprises choose to work hard, which can better promote the debt restructuring process. Finally, using Matlab2018 software to analyze the impact of each essential element in the debt restructuring on the stability of system evolution, the research results provide a basis for the successful debt restructuring of the enterprises.

Subgraph matching on a large graph has become a popular research topic in the field of graph analysis, which has a wide range of applications including question answering and community detection. However, traditional edge-cutting strategy destroys the structure of indivisible knowledge in a large RDF graph. On the premise of load-balancing on subgraph division, a dominance-partitioned strategy is proposed to divide a large RDF graph without compromising the knowledge structure. Firstly, a dominance-connected pattern graph is extracted from a pattern graph to construct a dominance-partitioned pattern hypergraph, which divides a pattern graph as multiple fish-shaped pattern subgraphs. Secondly, a dominance-driven spectrum clustering strategy is used to gather the pattern subgraphs into multiple clusters. Thirdly, the dominance-partitioned subgraph matching algorithm is designed to conduct all isomorphic subgraphs on a cluster-partitioned RDF graph. Finally, experimental evaluation verifies that our strategy has higher time-efficiency of complex queries, and it has a better scalability on multiple machines and different data scales.

There are two tendencies in the arguments of the legitimacy of metaphysics in ancient China: the tendency to argue that there was no metaphysics in ancient China and the tendency to argue that ancient Chinese metaphysics is totally different from that of the West. In this article, the author counters these tendencies and argues that Chinese and western metaphysics both originated from a dynamic cosmology and shared objects of investigation and characteristics of thinking in terms of Becoming. However, in their later development, due to the difference in the problems of their focus, traditions of "moral metaphysics" and "(natural) metaphysics of Being" were formed in China and in the West, respectively. The author also explores the reasons for the rise of modern science in the West and its lack of progress in China

The objective of our study is to capture the roles of product quality and network effects in the success and efficiency of network markets under strategic settings that defined in terms of market share as a strategic factor and profit as a financial indicator. The research paper shows that the efficiency of network markets depends heavily on the phase adjustment of competition models and the balance of network effects and product quality among enterprises. the network market is always efficient in price competition, but not true in quantity competition when the network effect difference is sufficiently large or/and the quality difference is relatively small, then network effects may play a perverse role in market efficiency. The main findings reveal that network effects do not always enhance the role of quality in market efficiency and market growth. The research outcomes point to high quality enterprises’ attitude toward compatibility with enterprises with large network effects. This research paper also offers insights on government intervention to correct the distorted impacts of sufficiently large network effects on the efficiency of network markets.

To help retailers gain consumers’ trust, many studies have investigated antecedents of consumer trust. However, distrust, a concept closely related to trust, has attracted only sporadic research attention. As a result, whether factors that increase consumer trust can eliminate consumer distrust is unclear. To deepen understanding of trust and distrust, this study applies the critical incident technique to identify and compare the antecedents of trust and distrust of Chinese consumers. The results show that the antecedents of distrust differ from those of trust, indicating different formulation mechanisms of both. Therefore, on the one hand, retailers should pay attention to increasing consumer trust, and on the other hand, they should develop marketing activities to reduce consumer distrust.

Universalism can be defined as the belief in the universal application of certain knowledge, world-views and value-views. Universalism has often been confused with Occident-centrism, due to the fact that the latter was used to justify the former, which confused the content of a thought with the social condition that gave rise to the thought. For many years, clarifications of this confusion have been made in sociology of knowledge, relativism and skepticism. Yet, the particularistic conclusion thus reached has led to more confusion, namely, that between the intrinsic criterion for truth and the practical application of thought. China, with its long tradition of Sino-centrism, has recently shown a movement towards particularism, characterized by a search for national and cultural superiority by “returning to the source”. In today’s academic circles, some particularist themes are taken for granted, and believed to be true, but cannot be proved with rational examination. The particularistic claims to the “self grounded”, “self-featured” and “self-located” tradition of Chinese culture jointed with the post-modernism, neo-leftist movement of anti-globalization in the West, are not only harmful in practice, but also impotent in theory. The propaganda against the hegemony of Western discourse should be analyzed with questioning which hegemony and whose discourse.