Some simple structure significance tests for exploratory component analysis with market survey data

Several uncertainties continue to hinder researchers using exploratory factor analysis. Among other decisions, the choice of the number of factors to retain and the interpretability of the rotated solution remain problematical. In this paper, we suggest a simple structure criterion as a general framework for choosing the number of factors and for interpreting the rotated factor structure matrix. The proposed methodology is demonstrated with demographic data from a consumer panel. The results show the importance of increasing the information yield from exploratory factor analysis.     

INFORMATION EXTERNALITIES, SHARE-PRICE BASED INCENTIVES AND MANAGERIAL BEHAVIOUR

Abstract. We survey recent theoretical research on the effects of short-term share-price based managerial incentive schemes. Such schemes can induce inefficient managerial behaviour in both hidden action and hidden type contexts. These problems arise from informational asymmetries: managers take actions to manipulate the information flow rather than to maximize firm value. More generally, imperfect transmission of information between managers and shareholders or between managers of different firms can lead to similar distortions even when the parties' interests are aligned.     

A Comparative Analysis of Takeovers of Single and Dual Class Firms

This paper analyzes takeovers of dual class companies listed on the Toronto Stock Exchange over the period 1976 to 1989. It finds support for the hypothesis that despite the evidence that restricted shares sell at a discount compared to superior voting shares, takeover returns are the same for both classes of shares. Secondly, it tests the hypothesis that the classification of common equity into two classes confers differential takeover value on controlling shareholders and find that superior voting shares of dual class firms experience higher returns during takeovers than do shares of single class firms.     

Changing barriers to the internationalization of franchising operations: Perceptions of domestic and international franchisors

This study examines factors that inhibit the internationalization of franchising operations. The factors are classified along the dimensions of importance and difficulty. The perceptions of domestic franchisors and international franchisors are compared. The results indicate that different factors inhibit internationalization of franchising efforts depending upon the stage of the franchising process. Comparisons of the results with previous studies indicate that significant changes have occurred in the perceived importance, changes which are understandable in light of changes in franchising practices as well as changes in the international environment. © 1995 John Wiley & Sons, Inc.     

Labour process analysis and socio-technical design: living apart together?

Here the authors explore how the labour process approach and the socio-technical approach can be used in the process of design and redesign of production organizations. The implications of both approaches are looked at in several cases of work reorganization in Rotterdam harbour.     

国际结算和贸易融资风险的识别与控制

贸易融资较传统的流动资金贷款业务具有更大的市场适应能力.生产制造型企业贸易融资风险的主要影响因素有核心技术和装备情况、产品更新换代能力、国际品牌效应、人力成本.生产制造型企业资金流风险的主要影响因素有原材料采购与销售价格、结算方式、资产的流动性、盈利能力.贸易类企业融资风险的主要影响因素有上下游客户的稳定性、市场需求的稳定性、资金的可流动性.物流企业融资风险的主要影响因素有公司的收入及成本构成、应对市场价格变动的能力、上下游客户情况、企业的资金流.