Curvilinearity in the Task Performance and Citizenship Behaviors Relationship:The Roles of Felt Responsibility and Perceived Prosocial Impact

Organizational citizenship behaviors (OCBs) refer to discretionary actions taken by employees that support organizational performance beyond the formal job requirements. Understanding how to encourage high-performing employees to engage in OCBs consistently is crucial for long-term organizational success but remains a complex issue. Our study examines this relationship by investigating the connection between employees' task performance and OCBs, with a specific focus on the roles of felt responsibility and perceived prosocial impact. Analyzing data from 1186 employee-supervisor pairs within 205 working groups across three waves, we found that the relationship between task performance and OCBs is curvilinear. High task performance initially predicts increased OCBs, but beyond a certain point, the relationship weakens. This suggests that top performers do not always see OCBs as part of their job, highlighting the importance of felt responsibility-employees' sense of obligation to the organization-as a mediator. Furthermore, perceived prosocial impact, or the belief that one's work meaningfully benefits others, significantly supplements the positive effect of felt responsibility on OCBs and the curvilinear indirect effect of task performance on OCBs via felt responsibility. These findings imply that to cultivate OCBs among high performers, organizations should emphasize the broader impact of these behaviors and foster a sense of responsibility. By doing so, companies can unlock the full potential of their workforce, creating an environment where going above and beyond is a valued aspect of every role

Family Paths Towards Abusive or Benevolent Supervision:Parental Influence to Leader Behaviors via Goal Orientations

It is widely recognized that leaders differ in their styles. For example, some leaders treat their subordinates benevolently, whereas others show a cold or abusive style. However, the origins of these two ethically contrasting leadership styles are still not fully understood. Building on the attachment theory and goal orientation theory, our research establishes an integrative theoretical framework that links leaders' early life experience of parenting styles with leaders' abusive and benevolent behaviors via the mediating role of goal orientation. Across two multi-source studies conducted among leaders and their subordinates, we found that leaders raised by authoritarian parents were likely to exhibit abusive supervision. This link was mediated by leaders' performance-prove goal orientation. In contrast, leaders raised by authoritative parents were likely to exhibit benevolent behaviors. Leaders' learning goal orientation mediated this link. Our dual-path model advances the ethical discourse within leadership research by providing a unified developmental account for these two ethically opposite behaviors

全球资管观察（202506）

伊以冲突致全球能源价格暴涨；我国首批采用新型浮动费率基金产品开售; 稳定币在资产管理行业中初步应

Internationalization of Family Business 2024:White Paper

在全球化背景下，中国家族企业国际化进程加速。2024年上半年，布局海外市场的公司数量创新高，占比达52.81%。政策支持、利润考量、危机感与家族传承规划推动家族企业走向国际市场。中欧国际工商学院调研了10个具有典型性和代表性的家族企业出海案例，发现家族企业出海动机多样，如市场扩张、资源获取、品牌建设等。国际化过程中，家族企业需适应不同国家的政策、市场、文化等环境，面临跨文化管理、国际法律和税务等挑战。报告总结了家族企业国际化的经验教训，如“产地销”与“销地产”模式并行、客户合作与合资模式、本地化管理与文化适应等，为其他企业提供参考。同时，报告提出了家族企业国际化的“八要”清单，包括要有“全球”视野、聚焦产品和技术升级、采用“逐步国际化”路径等，助力家族企业在全球市场中稳健发展

2025 ESG White Paper

当我们重新审视 ESG 信息时，其意义早已超越披露报告本身。它不仅是企业责任实践的记录仪，是长期价值的重要基石，更是企业与世界对话的共通语言。这种披露和沟通，不能停留在选择性的优化，也不能流于品牌公关的表层修饰，而应立足于企业真实、持续的内在 ESG 行动。从区域合规到全球共识，从年度报告到全渠道沟通，ESG 信息披露正经历一场深刻的范式转变。2025 年中欧 ESG 白皮书以 “披露与沟通” 为关键词，围绕政策趋势、企业实践、学术研究与教育探索构建起五个章节的系统内容，希望在多变的时代中，为企业提供方向，也为行业积累共识。第一章从全球政策趋同的格局出发，王雅瑾教授、张飞达教授和刘耿研究员为读者系统梳理了 ESG 信息披露的制度演进与发展趋势。文章强调，披露并非最终目的，真正重要的是它应建立在企业持续行动与内在反思的基础之上。披露是驱动改进的工具，是让企业不断进化的引擎。无论是体系成熟的大型企业，还是探索阶段的中小型公司，都应在 “内在行动” 与 “外在表达” 的良性循环中，找到最适合自己的语言和路径。ESG 披露是一种 “无国界的语言”，更是企业走向国际的关键支撑。第二章聚焦三个来自不同行业的企业案例，展示企业如何突破 “写报告” 的边界，把披露升级为多维度、有温度的沟通行为。从组织内部的协同机制建设，到面向消费者的品牌叙事；从零售终端的场景传递，到社交平台上的动态互动，这些实践勾勒出 ESG 沟通从单向到共创、从理性到情感的转变趋势。它不再只是展示结果的静态动作，而是持续互动中的动态表达。第三章回到中欧自身的行动中。一方面，绿色校园建设从资源管理、低碳运营等多个维度推进；另一方面，学生项目聚焦真实企业课题，在调研、分析与创意设计中，将可持续发展理念转化为具体、可执行的沟通策略。责任教育不再只存在于课堂中，而在落地在真实的实践中。第四章收录了三项来自中欧教授的研究成果，张飞达教授、江源教授、单宏宇教授从会计、组织行为与金融领域出发，分别探讨了企业如何通过披露吸引国际资本，何种领导风格能激励员工绿色行为，以及企业在面对 ESG 负面事件时如何借助社交媒体重建信任。这些研究从理论深度出发，回应实践中的关键痛点，为企业提供更具穿透力的洞见。第五章是芮萌教授领衔的中欧财富管理研究中心带来最新的 “A 股上市公司 ESG 报告研究”。共有 1687 家 A 股上市公司披露了社会责任报告，其 ESG 加权综合得分较上一年度提升 0.68 分，增幅达 1.3%。本年度还新增了对出海企业的专项分析。数据显示，相关企业的 ESG 得分显著高于全市场的平均水平。可见，ESG 正成为中国企业 “走出去” 的重要基础设施，也是在复杂多变的国际商业环境中建立信任的重要工具。我们希望，本白皮书不仅是一份实用的工具手册，更是一份引导企业基于真实、具体的行动，构建自身可持续叙事的行动指南。让每一次披露表达更真实可信，让每一次沟通更有温度与共鸣 —— 在变化中寻找确定性，在对话中共创可持续的未来

People overshoot when choosing resource pools

This paper studies a pool-choice dilemma, in which two or more resource-seekers decide independently whether to seek resources from a larger pool or a smaller pool. This dilemma mimics many real-life problems, such as firms or vendors deciding whether to enter a market with more potential buyers or one with fewer potential buyers. Across ten studies (five are incentive-compatible), we document a systematic overshooting bias, whereby the resource-seekers in the pool-choice dilemma are more likely to choose the large pool than normatively warranted, thereby sacrificing their own earnings. This research is a major extension of the prior work by Hsee et al. (2021) who found an opposite, undershooting effect in a similar dilemma. The current work offers a new look at the dilemma, with a more comprehensive theory that not only explains the overshooting effect found in this research, but also identifies its moderators and reconciles the opposite findings between this and the prior work. Contrary to what the prior work found, we predict and find that people in the dilemma generally overshoot rather than undershoot, unless they are explicitly prompted to predict the choice of their counterparts or the dilemma is framed in such a way that naturally prompts the players to consider the choice of their counterparts. This research carries theoretical implications for strategic thinking, and practical implications for resource competition

供应链合作伙伴间的战略协同——文献综述和管理启示

本文结合最新研究成果，对战略协同领域的实证研究进行了综述。现有研究初步证实，供应链合作伙伴间的战略协同会对企业运营的多个方面产生影响，包括财务报告质量、成本管理和业务关系持久性。已有研究表明，供应链合作伙伴间的战略协同能够促进合作、降低风险、提升财务透明度，从而提升运营效率和长期可持续性。也有研究揭示了战略协同不一致的负面影响，如协调成本上升、成本黏性变大、投机行为增多以及财务报告违规等。这些研究说明，实现战略协同的供应链合作伙伴往往具有更优的经营绩效、更高的盈余质量、更低的审计费用以及更稳定的供应链合作关系。从根本上讲，这些研究结论都为管理者优化供应链合作、规避财务风险、提升企业竞争力提供了实践指导

全球资管观察（202511）

全球主要大类资产普遍下跌; 中东资管市场快速增长; 数据中心已成为全球战略资产。全球主要大类资产普遍下跌; 中东资管市场快速增长; 数据中心已成为全球战略资产

Is Relevancy Everything? A Deep-Learning Approach to Understand the Effect of Image-Text Congruence

Firms increasingly use a combination of image and text description when displaying products and engaging consumers. Existing research has examined consumers' response to text and image stimuli separately but has yet to systematically consider how the semantic relationship between image and text impacts consumer choice. In this research, we conduct a series of multimethod empirical studies to examine the congruence between image- and text-based product representation. First, we propose a deep-learning approach to measure image-text congruence by building a state-of-the-art two-branch neural network model based on wide residual networks and bidirectional encoder representations from transformers. Next, we apply our method to data from an online reading platform and discover a U-shaped effect of image-text congruence: Consumers' preference toward a product is higher when the congruence between the image and text representation is either high or low than when the congruence is at the medium level. We then conduct experiments to establish the causal effect of this finding and explore the underlying mechanisms. We further explore the generalizability of the proposed deep-learning model and our substantive finding in two additional settings. Our research contributes to the literature on consumer information processing and generates managerial implications for practitioners on how to strategically pair images and text on digital platforms