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学术科研
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The mixed blessing of leader mindfulness: The competing lens of dyadic affective and cognitive conflicts in investigating follower creativity
Social scientists and practitioners alike, so far, assume that leader mindfulness is inherently beneficial while paying limited attention to its potential drawbacks. Drawing upon social information processing theory, we contend that leader mindfulness is a mixed blessing as it relates to follower creativity. Using two multi-wave, multi-source field studies, our findings indicate a negative relationship between leader mindfulness and leader-follower dyadic affective conflict, which in turn increases follower creativity. However, leader mindfulness has a negative relationship with leader-follower dyadic cognitive conflict, resulting in decreased follower creativity. Further, perceived leaders' organizational embodiment strengthens the positive indirect effect of leader mindfulness on follower creativity through leader-follower dyadic affective conflict, whereasperceived leaders' organizational embodiment does not moderate the indirect effect through leader-follower dyadic cognitive conflict. Theoretical and practical insights regarding leader mindfulness and follower creativity are discussed.
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Available-for-sale is available for hoarding: When nonfinancial firms hold financial assets
This paper empirically examines how listed non-financial firms use the "call option" feature of one of the most important financial assets, available-for-sale securities, as earnings manipulation tools owing to bad-newshoarding motives. In 2007, China set its first accounting standards for financial instruments, which classify financial assets based on the highly subjective "managerial holding intention" criterion. We find that holding available-for-sale securities is positively associated with the likelihood of stock price crashes in Chinese listed firms. The main effect is more pronounced under lax external regulation and lower information transparency. It is further accentuated when CEOs have lower educational backgrounds, weaker competence in managing core business activities, or face greater performance pressures. Our findings indicate that, in typical emerging markets, fair value accounting may have unintended consequences, inducing non-financial firms to employ financial assets as tools to hoard bad news.
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The dual driving mechanism of financial literacy and risky financial assets on household entrepreneurial decision-making
This paper selects survey data from the China Household Finance Survey and Research Center (CHFS) in 2017, 2019, and 2021 as samples to explore the entrepreneurial decision-making mechanism jointly driven by financial literacy and risky financial assets. The study finds that financial literacy has a significant positive impact on individual households' entrepreneurial decisions. Additionally, risky financial assets partially mediate the relationship between financial literacy and individual households' entrepreneurial decisions.
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The long-run and intergenerational impact of early exposure to the Great Chinese Famine of 1959-61 on mental health
We study the effects of early exposure to the Great Chinese Famine on the mental health and subjective wellbeing of survivors as well as their offspring using data from the 2010 and 2014 waves of the China Family Panel Studies. Our analysis focuses on K6 scores, severe mental illness, and life dissatisfaction. We find that early exposure to the famine has impaired the mental health outcomes of women, but not men (i.e., the first generation). For the second generation, negative effects only show up among the sons of male famine survivors. Some preliminary evidence suggests that the mechanism for such transmission may have to do with the cultural son preference.