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This paper is intended to investigate the role of Venture-Capital Syndication background in the relationship between intellectual capital and portfolio firm performance ; specifically, this article examines the moderating effect of VCS’s leading firm background and member heterogeneity on the effect of IC on PFP. This study used a modified VAIC model to measure IC to compose a 4-component variable including human capital, structural capital, relational capital, and innovation capital. The data were collected from VCS-backed and listed firms in China (...) during 2014 to 2018 applying the pooled OLS model for hypotheses test, Generalized Method of Moments to reduce endogeneity and unobserved factor control, and also return on equity instead of ROA for the robustness test. Empirical results showed that IC and its components can improve PFP for VCS-backed firms in China; in detail, IC showed greater impact on performance of firms invested by foreign lead investors than in private or government VCS, specially reflected in the impact of innovation capital on PFP. Furthermore, IC showed weaker impact on PFP of mixed VCS-backed firms compared to pure VCS-backed firms and showed diminished effect on higher VCS member heterogeneity mainly reflected in the impact of relational capital on firm performance. These findings propose a new way of combining IC and VC to improve firm performance and are beneficial to theoretical development of IC and VC as well as a perspective for VC firm managers to choose suitable partners prior to join a VCS. (shrink)

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Aaron Zubia's new book on Hume's political thought is both intriguing and insightful. He skilfully strips away the common labels often assigned to Hume, highlighting the complexity of his political...

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In 1879, Wilhelm Marr coined the term ‘Antisemitismus’, which aroused extensive discussion in academic circles. With the deepening of research, scholars’ research on anti-Semitism gradually traced back to the ancient world. Texts with anti-Semitic thought appeared as early as Ptolemaic Egypt. Essentially, the main purpose of these words were self-justification, a response to the sinful image of the Egyptians in the narrative of Exodus. The early Ptolemaic Egyptian writers got rid of the charges against the Egyptians by rewriting the narrative (...) of Exodus and shifting responsibility for the entire event to the Jews. It is obvious that in the process, the image of the Jewish people has been severely vilified. Although the writers did not express a strong anti-Semitic tendency subjectively, they all expressed a certain degree of anti-Semitic thought objectively. The anti-Semitic thought was inherited by later writers in the Roman world and had a profound impact. This article focuses on the works of three Ptolemaic Egyptian writers and discusses their reasons and influences for rewriting the narrative of the Exodus in combination with their historical background. Contribution: This article discusses the origin and spread of anti-Semitic thought in the ancient world. It has important reference value for the study of ancient writers’ understanding of the Old Testament. At the same time, it has important academic value for the study of Jewish history. (shrink)

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If we inspect closely the works that ascend to world literature from the peripheral, David Damrosch’s well-recognized argument that “world literature is writing that gains in translation” may need some revision, because apparently translation is not the sole factor that decides the formation of world literature. Translated works do not necessarily represent the best part in one national literature. Damrosch’s overemphasis on translation differences and untranslatability in world literature tends to overlook the syncretism of heterogeneous literatures: The influence of Roman (...) Empire on Indian Buddhism, the influx of elements from Indian, Arabic, and Persian stories into European writers’ creation, the genres of China’s ancient literature influenced by Buddhism, etc. Furthermore, a great deal of Chinese idioms and allusions appearing in Japanese, Korean and Vietnamese literatures provide us a general view of how world literature forms through exchange and syncretism. On this account, Damrosh’s argument may be reformulated as “world literature is writing that gains in variation.” Variation reflects the ability to absorb otherness and then to create something new. Meanwhile, the perspective of literary syncretism will help us reasonably distinguish world literature and national canons. (shrink)

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Previous studies seldom touch on aspects of psychotherapeutic encounters between therapists and clients with particular disorders. Little attention has been paid to the sequence organization of psychotherapeutic interaction between therapists and clients with depression in Chinese medical settings. By adopting conversation analysis, we investigated the specifics of psychotherapeutic encounters, specifically, the transformative sequences of psychotherapeutic interaction between therapists and Chinese adolescents with depression. We identified the fourth aspect of clients’ experience transformed in the Chinese psychotherapeutic interaction with adolescents with depression: (...) cognition, and described how the sequential organization of therapists’ actions facilitates the momentary transformation of clients’ experience in the psychotherapeutic processes. This study not only adds to the conversation analytic study on the transformative sequences in psychotherapeutic interaction but also sheds some light on the study of how therapists transform clients’ experience in Chinese psychotherapeutic interaction. (shrink)

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