Does political connection influence corporate financial decisions in unstable political environment?

The aim of this study is to examine the impact of political connection on the cost of debt, the cost of equity and the investment level in an unstable political environment. We use a sample of 55 Tunisian listed firms during the post-revolution period (2011–2018) and we apply a generalized least square (GLS) approach to test our hypotheses. Findings highlight that political connections increase the corporate financial costs and reduce the investment level. Furthermore, in an additional analysis, we show on the one hand that political instability negatively affects the investment and affects positively the cost of debt and the cost of equity. On the other hand, we make evidence that the political instability level negatively affects the relation between the political connection and the cost of debt. The contribution is, to the best of our knowledge, the absence of studies conducted in Tunisia countries examining the impact of political connection on the financial cost and investment level in an unstable political environment such as Tunisia.     

印俄高度军备依赖关系生成机制探究

依赖关系可以出现从轻微依赖、中度依赖到高度依赖等不同程度的情景，是否存在供求关系、是否涉及关键资源、能否承担转换成本是判断国家间依赖程度高低的三个标准。印度和俄罗斯之间的军备合作达到了一种高度依赖的关系，这种关系并不是自然产生的，而是伴随着俄罗斯作为资源供应国采取的主动锁定策略生成并得到强化。通过“展示—供应—刺激—捆绑”这一系列主动锁定策略，俄罗斯逐步强化了印度对其军备供应的高度依赖，也使其国防发展模式和作战理念深深烙上了俄罗斯的印记。在军备依赖的强化过程中，印俄关系得到积极巩固和深入发展，但印度的战略灵活性也同时受到了损害，使印度处于机会主义风险中。当前印俄军备贸易过程中的摩擦、国际军备出口市场竞争的加剧、美印军事关系的发展等因素都不同程度地影响着印俄锁定依赖的稳定性。     

物业企业基层员工流失问题探析——以F公司为例

在行业中具有代表性的物业企业F,其基层员工流失问题严重并由此给企业的发展带来了巨大影响.应从优化内部人力资源配置、构建和谐的企业文化、提升薪酬合理性与公平性、提供充足的职业发展机会与培训等方面,提升物业企业基层员工满意度,从而有效降低流失率.