Suchergebnisse

PurposeThe aim of this study is to analyze the influence mechanism of real estate enterprises' status on debt default risk and explore the heterogeneity effect of the characteristics of enterprises.Design/methodology/approachAgainst the background of the "three red lines" regulation of the financing of real estate enterprises and the COVID-19 pandemic, the authors select 123 real estate enterprises listed on China's Shanghai and Shenzhen A-shares markets from the first quarter of 2021 to the second quarter of 2022 as a research sample. The social network analysis method and Z-score financial risk early warning model are used to measure real estate enterprises' status and debt default risk. The authors construct a panel regression model to analyze how the status of real estate enterprises influences their debt default risk.FindingsThe results show that the status of real estate enterprises negatively and significantly affects their debt default risk. Economic policy uncertainty and financing constraints play negative moderating and mediating roles, respectively. Further research has found that the effect of real estate enterprises' status on debt default risk is characterized by heterogeneity in equity characteristics, i.e. it is significant in the sample of nonstate-owned enterprises but not in the sample of state-owned enterprises.Practical implicationsIt is helpful for real estate enterprises to attach importance to the value of social networks, and the authors provide policy suggestions for real estate enterprises to constantly improve their risk management systems.Originality/valueUsing economic policy uncertainty as the moderating variable and financing constraints as the mediating variable, the authors analyze how the status of real estate enterprises influences debt default risk, which contributes to a better understanding of the formation of the debt default risk of real estate enterprises.

In this study, we explored implicit materialistic and postmaterialistic values, focusing on the relationship between these values and environmental behaviors. Participants were 60 Chinese students, who completed via self-report the Implicit Association Test (IAT) and the Environmental
Behaviors Questionnaire, along with a situation simulation experiment to measure their actual environmental behavior. Our results provide the first evidence for an application of the IAT in research focused on materialism and postmaterialism. We found that implicit postmaterialism significantly
predicted proenvironmental behavioral intention in a Chinese context, and implicit materialism was a strong predictor of actual proenvironmental behaviors (i.e., avoidance of paper waste). These results indicate that, for Chinese people, materialism is an important motivation for their actual
proenvironmental behaviors.

The current article explores the impact of mindfulness on belief in climate change and the mediating effect of connectedness with nature in this relationship. Belief in climate change was assessed both explicitly (using a self-report questionnaire) and implicitly (using an Implicit Association Test [IAT]). A total of 103 university students were recruited for a between-subjects experiment. Participants were randomly assigned to a mindfulness or mindlessness intervention and then completed IAT and several questionnaires. The results showed that mindfulness significantly increased belief in climate change, both explicitly and implicitly. Our findings also showed that the relationship between mindfulness and climate change beliefs was mediated by an increase in connectedness with nature. These results indicate that mindfulness is an effective way to promote belief in climate change and that connectedness with nature plays an important role in this process.

We examined whether or not implicit attitudes towards recycling and recycling behavior can be changed through evaluative conditioning. In the experimental condition, pictures depicting recycling were paired with pleasant images, and pictures depicting consumerism were paired with unpleasant
images. In the control condition, recycling and consumerism stimuli were randomly paired with pleasant and unpleasant images. Implicit attitudes were measured using the Implicit Association Test (Greenwald, McGhee, & Schwartz, 1998). A virtual shopping task was used to assess recycling
behavior. Participants in the experimental condition had more positive associations with recycling than did those in the control condition, but no behavioral differences were found between the two groups. These results suggest that evaluative conditioning procedures can produce changes in
implicit attitudes towards recycling, but do not influence recycling behavior.