论现代企业全面价值管理中的社会价值管理

企业价值包括个体价值和社会价值。虽然企业的个体价值是首要的,但是企业实现了社会价值,将更有利于个体价值的实现。市场经济的进一步发展,使企业的社会价值成为全球关注的焦点。正确认识企业的社会价值,有利于引导企业承担相应的社会责任,树立良好的企业形象,提升企业国际竞争力,促进企业实现可持续发展。     

优化税收政策环境,促进高新技术产业的发展

高新技术产业在我国社会经济发展中有着举足轻重的地位和作用,高新技术产业的发展离不开国家政策特别是税收政策的支持。但现行的税收政策还存在着许多问题,制约了高新技术产业的进一步发展。文章针对这些问题进行分析,并就如何优化促进高新技术产业发展的税收政策环境作进一步探讨。     

试论题画诗的审美特质——兼论林声题画诗的审美意蕴

作为中国特有的一种艺术形式,题画诗凝聚着中国文人画家独有的审美意绪,同时也形成了特定的审美倾向,即对趣、情、理的侧重与突显,透趣、显情、辨理正是题画诗突出的审美特质。林声的题画诗笃情隽永、生趣灵动、妙理荡漾,具有独到的审美意蕴。     

"仁"学价值的"同构性"与"异质性"

孔子的"仁者,人也"思想,为儒学的发展奠定了基本价值旨向。由血缘所形成的家庭是个人走向社会的过渡环节,家庭既有社会性的因素又有个人的形成内容,因此便具有外部社会和内在个体的双重特点。而基于家庭与社会所具有的"同构性"使得由个人所形成的内在道德品质不但在以血缘为基础的家庭中起着重要的作用,而且更为复杂和扩大的社会视域中具有同样的作用;另一方面,个人与社会所具有的"异质性",使得在儒家道德伦理体系中,存在着固有的矛盾即"修己"与"安人";"内圣"与"外王"之间的矛盾。     

企业家价值计量方法探讨

人力资源价值计量是阻碍入力资源会计发展的关键之一，尽管人力资源价值计量模型已获得不少突破，但是仍旧未得到理论和实务界的共同认可。应该从人员的层次来寻找合适的计量模式。就最稀缺的生产要素——企业家价值计量模型提出一点自己的看法。     

The relationship between expected utility and higher moments for distributions captured by the Gram–Charlier class

In this letter we derive the closed form solution for expected utility in terms of higher moments of the distribution of wealth when expected utility takes the CARA form and the distribution of wealth is captured by the Gram–Charlier class of distributions. We derive the condition under which positive skewness can be associated with a decrease in expected utility.     

Vertical integration as a remedy for imbalances in the ‘Porterian’ value system. The Dutch financial securities industry at the beginning of the 20th century

The way of accounting for vertical integration, of this paper is based on the ‘Porterian’ value system and focuses on the relation between the creation and appropriation of value. The essence of a value system is that at each stage in the system value is created and added to the value created at previous stages. We propose that firms which are unable to appropriate the value they create at the stage they currently inhabit, would find it advantageous to integrate vertically towards stages offering a more attractive relation between value appropriation and value creation. This argument will be illustrated here by the case of a large Dutch bank that integrated vertically towards securities trading.     

异体内部混合经济论

量子力学的鼻祖薛定谔关于生命的三大猜想启示我们:混合是文明演化的真正奥秘,通过融入体制外资本异体内部混合对国有资本进行人格化改造,是国有企业实现创新力与控制力统一、国资保值增值的现实选择。     

An Analysis of Contrarian Investment Strategies in the UK

The performance of contrarian, or value strategies – those that invest in stocks that have low market value relative to a measure of their fundamentals – continues to attract attention from researchers and practitioners alike. While there is much extant evidence on the profitability of value strategies, however, most of this evidence pertains to the US. In this paper, we provide a detailed characterisation of value strategies using data on UK stocks for the period 1975 to 1998. We first undertake simple one-way and two-way classifications of stocks in which value is defined using both past performance and expected future performance. Using sales growth as a proxy for past performance and book-to-market, earnings yield and cash flow yield as measures of expected future performance, we find that that stocks that have both poor past performance and low expected future performance have significantly higher returns than those that have either good past performance or good expected future performance. Allowing for size effects in returns reduces the value premium but it nevertheless remains significant. We go on to explore whether the profitability of value strategies in the UK can be explained using the three factor model of Fama and French (1996). Broadly consistent with the results for the US, we find that using the one-way classification the excess returns to almost all value strategies can be explained by their loading on the market, book-to-market and size factors. However, in contrast with the US, using the two-way classification there are excess returns to value strategies based on book-to-market and sales growth, even after controlling for their loading on the market, book-to-market and size factors.     

浅谈旅游企业价值观

旅游企业价值观是旅游企业文化的核心。旅游企业要建立一种超越时代、适应新世纪发展需要的、与整个社会的正确价值导向相适应的价值观 ,以达到旅游企业可持续发展 ,增强市场竞争力的目的。本文从优秀旅游企业价值观的特征分析入手 ,探讨旅游企业价值观的主要内容及塑造的主要途径