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排序方式: 共有179条查询结果,搜索用时 234 毫秒
51.
This study offers an alternative perspective to understand students as consumers. This proposition is evaluated by analyzing the relationship between students’ emotional experience at a university and their perception of loyalty to this institution. Students from a Latin-American business school responded to a survey that included the Consumption Emotion Set and a loyalty assessment (n = 1,393). Data was analyzed using Rasch models. The findings show that positive emotions motivate student loyalty, whereas negative emotions harm student loyalty. The students’ experiences should be conceptualized at the institution as a brand and addressed through services and (nonacademic) activities in students’ lives. 相似文献
52.
We propose a model to estimate the private benefits of control in control transfer transactions for a broad range of regulatory environments, from private negotiations to mandatory tender offers. The Barclay and Holderness' and Dyck and Zingales' Block Premium models are nested as special cases. With corporate control transfer regulation around the world moving from the Market Rule to the Equal Opportunity Rule, our theoretical model is a flexible tool for empirical studies. We apply our model to study the effect of the implementation of Chile's Tender Offer Law in 2000 and find that control premiums fell significantly. This drop is statistically unrelated to the targets' affiliation to an economic group. Our results suggest that improved corporate governance practices and the Equal Opportunity Rule alignment effect reduced the scope for extraction of private benefits of control. 相似文献
53.
Individual fishing quotas and fishing capacity in the US Gulf of Mexico red snapper fishery 下载免费PDF全文
Daniel Solís Julio del Corral Lawrence Perruso Juan J. Agar 《The Australian journal of agricultural and resource economics》2015,59(2):288-307
Overcapacity (OC) and excess capacity (EC) are serious obstacles affecting the sound management of commercial fisheries around the world. The use of individual fishing quotas (IFQs) has been proposed as a promising management tool to cope with these challenges. However, the empirical evidence on the efficacy of this instrument is scarce. Drawing on a stochastic distance frontier analysis, we investigate the impact of the US Gulf of Mexico red snapper IFQ program on fishing capacity, capacity utilisation (CU) and OC. The paper also offers an alternative approach to compute species‐specific capacity measurements for multispecies fisheries. Our findings show that following the introduction of the IFQ program, fishing capacity decreased, primarily due to the exit of a large number of fishing vessels. CU increased marginally indicating modest decreases in EC. Conversely, we find that OC remains high. Our estimates suggest that about one‐fifth of the actual fleet could harvest the entire quota. 相似文献
54.
The Rise of Supermarkets in Africa, Asia, and Latin America 总被引:23,自引:0,他引:23
Thomas Reardon C. Peter Timmer Christopher B. Barrett Julio Berdegué 《American journal of agricultural economics》2003,85(5):1140-1146
55.
Forecast combination through dimension reduction techniques 总被引:2,自引:0,他引:2
Pilar PoncelaAuthor Vitae Julio RodríguezAuthor VitaeRocío Sánchez-MangasAuthor Vitae Eva SenraAuthor Vitae 《International Journal of Forecasting》2011,27(2):224
This paper considers several methods of producing a single forecast from several individual ones. We compare “standard” but hard to beat combination schemes (such as the average of forecasts at each period, or consensus forecast and OLS-based combination schemes) with more sophisticated alternatives that involve dimension reduction techniques. Specifically, we consider principal components, dynamic factor models, partial least squares and sliced inverse regression.Our source of forecasts is the Survey of Professional Forecasters, which provides forecasts for the main US macroeconomic aggregates. The forecasting results show that partial least squares, principal component regression and factor analysis have similar performances (better than the usual benchmark models), but sliced inverse regression shows an extreme behavior (performs either very well or very poorly). 相似文献
56.
Despite the achievements obtained by environmental economics over recent decades, it shares the same failings as economic
theory in general. In this sense, regarding preferences, very little attention has been paid to three elements; the long-term
change in social preferences, the incorporation of non-economic factors in the structure of preferences, and the need to consider
some kind of heterogeneity in social preferences. In this paper we deal with these three issues by developing a new framework
which encloses non-economic factors as one of the driving forces to explain consumer behavior and which allows us to endogeneize
preference and consider heterogeneity. After setting up our approach, we pose the question as to how far such a framework
modifies the levels of use and consumption of a renewable resource. Our findings have enabled us to draw interesting conclusions
regarding environmental policies in place since the 1970s. 相似文献
57.
Judith Clifton Daniel Díaz‐Fuentes Marcos Fernández‐Gutiérrez Julio Revuelta 《Annals of Public and Cooperative Economics》2011,82(4):495-513
ABSTRACT: The European Commission has formally recognized that adequate provision of basic household services, including energy, communications, water and transport, is key to ensuring equity, social cohesion and solidarity. Yet little research has been done on the impact of the reform of these services in this regard. This article offers an innovative way to explore such questions by analyzing and contrasting stated and revealed preferences on citizen satisfaction with and expenditure on two services, telecommunications and electricity, in two large countries, Spain and the UK. We find evidence that in telecommunications, but not in electricity, reform has led to a ‘two‐track’ Europe, where citizens who are elderly, not working or the less‐educated behave differently in the market, with the result that they are less satisfied with these services than their younger, working, better‐educated, counterparts. 相似文献
58.
Julio Pindado Ignacio Requejo Chabela de la Torre 《Journal of Corporate Finance》2011,17(5):1389-1409
This paper considers the ownership structure of family firms to determine whether family control alleviates or exacerbates investment–cash flow sensitivity in the Euro zone. We find that family-controlled corporations have lower investment–cash flow sensitivities. Further, our results show that this reduced sensitivity is mainly attributable to family firms with no deviations between cash flow and voting rights and to family firms in which family members hold managerial positions. We also find that second largest shareholders affect family firms' sensitivity and are associated with either monitoring (non-family second blockholders) or collusion (family second blockholders). Overall, family control seems to mitigate investment inefficiencies that derive from capital market imperfections. 相似文献
59.
Improving intellectual property (IP) literacy among small and medium-sized enterprises (SMEs) has lately been discussed as a means for improving IP culture within these companies. Diverse public and private actors have, therefore, developed some tools to improve IP awareness and literacy in small companies. We analysed existing tools, intending to create a better design of innovative and effective IP instruments. This study is considered an important step among the first phases of designing a new artefact. The analysis used criteria created with the support of the literature and features of the tools. We further present design recommendations for improving effectiveness of new platforms that would improve IP literacy. The final recommendations suggest that new tools should rely on customisation, interaction and reliability, and their development should be based on the criteria used in the analysis. 相似文献
60.
Reappearing Dividends 总被引:2,自引:0,他引:2
During the last two decades of the 20th century, the propensity of U.S. companies to pay cash dividends declined significantly. The trend away from dividends accelerated during the late 1990s, leading some economists to conclude that dividend policy was shifting in a very fundamental way. But there was a sharp reversal in this trend starting in 2000.
This article investigates five possible explanations why dividends are reappearing. Given the explosion of new companies during the 1990s, the authors find that part of this rebound can be explained by the "maturity hypothesis"– by the need for such companies to pay out their excess "free cash fiow" to reassure investors that it will not be wasted on value-destroying investments. The authors also report evidence that some companies have chosen to use dividends in part to restore investor confidence about the "quality" of corporate earnings in the wake of concerns over corporate governance. Third, the authors' findings suggest that U.S. companies have responded to the recent dividend tax cut, as one might expect, although the rebound in dividends started well before tax reform became a widely discussed possibility. Finally, the study finds little support for behavioralist explanations in which managers "cater" to irrational investor preferences for dividends. Although the authors hesitate to read too much into the recent rebound, their evidence is consistent with the idea that corporate payout policy has shifted back in favor of conventional cash dividends. 相似文献
This article investigates five possible explanations why dividends are reappearing. Given the explosion of new companies during the 1990s, the authors find that part of this rebound can be explained by the "maturity hypothesis"– by the need for such companies to pay out their excess "free cash fiow" to reassure investors that it will not be wasted on value-destroying investments. The authors also report evidence that some companies have chosen to use dividends in part to restore investor confidence about the "quality" of corporate earnings in the wake of concerns over corporate governance. Third, the authors' findings suggest that U.S. companies have responded to the recent dividend tax cut, as one might expect, although the rebound in dividends started well before tax reform became a widely discussed possibility. Finally, the study finds little support for behavioralist explanations in which managers "cater" to irrational investor preferences for dividends. Although the authors hesitate to read too much into the recent rebound, their evidence is consistent with the idea that corporate payout policy has shifted back in favor of conventional cash dividends. 相似文献