![]() ![]() ![]() Most of them practiced static value sharing based on initial contribution (SVS), which is a mechanism under which the value-sharing proportion is determined by the initial contribution assessment, and typically will not change for a significant period of time. In China, 571 of the 678 A-share listed companies that implemented ESOP from June 2015 to September 2018 posted a loss, accounting for 84.22% of the total, with an average loss of 38.02% (Hao et al., 2019). Even worse, Braam and Poutsma ( 2015) find a negative relationship between ESO and financial performance analyzing a sample of 195 Dutch-listed companies. Evidence from France shows that employee stock options (ESO) do not affect the firm’s long-term financial performance (Triki and Ureche-Rangau, 2012). Value sharing does not always result in higher growth rates or better performance. In 2020, 632 Chinese A-share listed companies issued plans to implement value sharing (via restricted stocks, stock options, profit sharing, and ESOP), accounting for 16% of the total number of listed companies, with a year-on-year increase of 31% (Dong, 2021). An increasing number of enterprises have been swept up by this wave of value sharing. ![]() The emergence of human capital theory (Becker, 1962 Schultz, 1961) provides a theoretical basis for employees to participate in the sharing of an enterprise’s residual value. Human capital has a significant positive impact on innovation (Si et al., 2020 Zhang et al., 2017), operational and financial performance (Duodu and Rowlinson, 2021), and growth (Rauch et al., 2005). Evolutionary results show that: (1) DVS has the function of screening high-capability employees, and the high-capability employees ultimately dominate the value sharing under this mechanism (2) DVS more stably promotes value creation, and the firm’s value increases to a greater extent than it would do without this mechanism and in the traditional static value sharing (SVS) model (3) enterprises with a high proportion of talented employees have inherent advantages in implementing DVS, such as those involved in high-tech industries and (4) the relationship between the ratio of overall profit sharing and the time of evolution to equilibrium is non-monotonic. As an instrument of analysis, this paper uses evolutionary game theory to study the feasibility of DVS and analyzes the impacts of key factors on the dynamic evolution game process and result. This paper proposes a dynamic value-sharing mechanism (DVS), based on human capital contribution, which combines the advantages of distribution fairness and dynamicity, to enhance firm value and profitability. I am running in a problem with TeX Live Utility on Yosemite.As the era of the knowledge economy has firmly established itself, the ability of firms to attract, motivate, and retain talents in order to realize stable and sustainable value creation, is increasingly critical. #CHANGING PATH VARIABLE FOR TEX LIVE UTILITY UPDATE#ġ2:30:55 +0000 Notice - Beginning infrastructure update from 12:30:55 +0000 Notice - Checking database version in case preferences have been changed… 12:30:53 +0000 Notice - Critical updates detected: ( Note that I have a fresh installation of MacTex and I cannot find 'kpsewhich' on my disk. 12:30:56 +0000 Notice - First line of downloaded file is: "#!/bin/sh"…good! 12:30:55 +0000 Notice - Download redirected to, expecting 0 bytes. #CHANGING PATH VARIABLE FOR TEX LIVE UTILITY CODE#ġ2:31:02 +0000 Notice tlu_ipctask tlu_ipctask: current HOME = '/var/empty' 12:31:02 +0000 Notice tlu_ipctask tlu_ipctask: child HOME = '/var/root'ġ2:31:02 +0000 Notice - tlu_ipctask checking in: pid = 537 (/var/folders/l4/b71hhwhj3f375fqgpw1r_f8c0000gp/T/TLMInfraUpdateOperation.jItWc3/update-tlmgr-latest.sh -nox11) 12:31:01 +0000 Notice - tlu_ipctask checking in: tlu_ipctask pid = 536 12:31:00 +0000 Notice tlu_ipctask dropped privileges to user nobodyġ2:31:00 +0000 Notice - Invoking privileged task via AuthorizationExecuteWithPrivileges 12:30:56 +0000 Notice - Signature was valid, okay to run tlu_ipctask Applications/TeX/TeX Live Utility.app/Contents/MacOS/tlu_ipctask: satisfies its Designated Requirement 12:30:56 +0000 Notice /usr/bin/codesign /Applications/TeX/TeX Live Utility.app/Contents/MacOS/tlu_ipctask: valid on disk #CHANGING PATH VARIABLE FOR TEX LIVE UTILITY CODE#ġ2:30:56 +0000 Notice - Checking code signature before running tlu_ipctask as root… 12:30:56 +0000 Notice - Download of 89 bytes complete 12:30:56 +0000 Notice - Download redirected to, expecting 0 bytes.#CHANGING PATH VARIABLE FOR TEX LIVE UTILITY UPDATE#. ![]()
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