We investigate the nature of the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) by examining how it changes across a third dimension that accounts for firm-specific factors. We propose a semi-latent specification of an endogenous control variable, which can, for the first time, explicitly identify, for each individual firm, the threshold level where the marginal impact of CSR on CFP turns positive. We provide empirical evidence that this threshold depends on the additional dimension and consequently, the previously reported U-shape seems to be an aggregation of relationships of differential magnitude and direction. This disaggregation fits the data better and therefore, we maintain that the addition of a higher dimension, along with the identification of the threshold level, can explain the conflicting results in the literature.
Journal of Fluorescence - Two lanthanide-based MOFs (Ln-MOFs) were synthesized by reaction of Eu(III) or Tb(III) perchlorates with mixed dicarboxylates of 3,5-pdc and 1,2-bdc... 相似文献
Nonlinear Dynamics - This paper introduces a multigroup COVID-19 model with immunity, in which the total population of each group is partitioned into five compartments, that is, susceptible,... 相似文献
Nonlinear Dynamics - The hybrid neural model provides a computationally effective and biophysics-based neuron behavior model, which maintains its simplicity by incorporating the dynamics... 相似文献
In this work we extend the method of the constrained large-eddy simulation(CLES) to simulate the turbulent flow over inhomogeneous rough walls. In the original concept of CLES, the subgrid-scale(SGS) stress is constrained so that the mean part and the fluctuation part of the SGS stress can be modelled separately to improve the accuracy of the simulation result. Here in the simulation of the rough-wall flows, we propose to interpret the extra stress terms in the CLES formulation as the roughness-induced stress so that the roughness inhomogeneity can be incorporated by modifying the formulation of the constrained SGS stress. This is examined with the simulations of the channel flow with the spanwise alternating high/low roughness strips. Then the CLES method is employed to investigate the temporal response of the turbulence to the change of the wall condition from rough to smooth. We demonstrate that the temporal development of the internal boundary layer is just similar to that in a spatial rough-tosmooth transition process, and the spanwise roughness inhomogeneity has little impact on the transition process. 相似文献