English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

Economic can be seen as the outer form of a nation’s development whereas culture is the inner driver of a nation. The culture will shape and affect the person’s preferences and ideas. According to the Upper Echelon theory, as the main decision maker, senior executive team’s preferences and behavior will affect the decision-making of the enterprise, especially the investment decision. Different from fickle foreign culture, Chinese traditional culture has a long history and has a profound effect on Chinese, especially hierarchy. Chinese executives are authoritative because they are deeply influenced by the concept of hierarchy, which makes them have the say in many occasions. On the other hand, natural cybernetics and thousands of years of farming economy lead Chinese people to national conservatism, their authority extend the preference. This paper through empirical research find that the authority is negatively correlated with the cash holding, but has a complicated influence of capital investment, which influenced by stock option incentive.

A Study on the Impact of Chinese Hierarchical Culture on Chinese Enterprises' Investment Decision