Local fiscal distress and investment efficiency of local SOEs

In this paper, we use A-share listed firms between 2002 and 2010 to investigate the relationship between local fiscal distress and the investment efficiency of local SOEs, along with the effect of corporate tax payments on this relationship. We find a positive relationship between the extent of local SOEs' overinvestment and the fiscal distress of the corresponding local government where the enterprise and this relationship become stronger for firms that pay fewer taxes. The pattern of underinvestment among local SOEs was in contrast,and these relationships do not exist for non-SOEs or central SOEs. Moreover,we find that expanding a firm's investment scale leads to an increase in total taxes paid, including income and turnover taxes, which further result in more local fiscal revenue. Overall, we conclude that local governments have an incentive to increase fiscal revenue when faced with fiscal distress by raising the investment scale of local SOEs and that the incentives and effects of such interventions appear to be stronger among firms that contribute less to local fiscal revenue.ó 2013 Production and hosting by Elsevier B.V. on behalf of China Journal of Accounting Research. Founded by Sun Yat-sen University and City University of Hong Kong.     

农户主体行为与农民土地权益保护

保护农民土地权益需要农民内力和社会外力的共同作用才能有效实现。随着工业化、城市化程度的不断加深,各地侵害农民土地权益的事件时有发生。目前我国农民自我保护意识普遍较弱,对其自身合法权益的维护产生较大负面影响,因此政府有必要从教育、法律、组织、制度等层面引导农民树立自我保护意识。     

风冷热泵型家用空调器除霜、除冰控制方法研究

对风冷热泵型家用空调器在低温制热过程中结霜、结冰的原因进行了分析,提出几种常用的除霜、除冰的控制方法,结合空调器的实际运行情况提出一种典型的除霜、除冰控制方法。     

Simultaneous dock assignment and sequencing of inbound trucks under a fixed outbound truck schedule in multi-door cross docking operations

This paper studies the simultaneous dock assignment and sequencing of inbound trucks for a multi-door cross docking operation with the objective to minimize total weighted tardiness, under a fixed outbound truck departure schedule. The problem is newly formulated and solved by six different metaheuristic algorithms, which include simulated annealing, tabu search, ant colony optimization, differential evolution, and two hybrid differential-evolution algorithms. To evaluate the total weighted tardiness associated with any given inbound-truck sequence and dock assignment, an operational policy is developed. This policy is employed by every metaheuristic algorithm in searching for the optimal dock assignment and sequence. Each metaheuristic algorithm is tested with 40 problems. The major conclusions are: (1) metaheuristic is generally an effective optimization method for the subject problem; (2) population based metaheuristic algorithms are generally more effective than projection based metaheuristic algorithms; (3) proper selection of algorithmic parameters is important and more critical for projection based metaheuristic algorithms than population based algorithms; (4) the two best algorithms are ant colony optimization and hybrid differential evolution 2; among them, ACO takes less time than hybrid 2 and thus can be declared the best among all the six metaheuristic algorithms tested.     

现代交通运输统计存在的问题和策略分析

通过对交通运输的概念和当前国内交通统计现状的分析.指出了现代交通统计中存在的几个问题;针对交通运输统计工作中的问题,给出了目标规划、统计内容、资料互补、统计技术等方面的解决策略性建议.     

Why is there no momentum in the Taiwan stock market?

Momentum strategies usually do not produce significant profits in emerging stock markets. Chui, Titman, and Wei [Chui, A. C. W., Titman, S., & Wei, K. C. J. (2000). Momentum, legal systems and ownership structure: An analysis of Asian stock markets. Working paper, Hong Kong Polytechnic University, Chui, A. C. W., Titman, S., & Wei, K. C. J. (2006). Individualism and momentum around the World. Working Paper, Hong Kong Polytechnic University] argue that the lack of profitability is due to cultural differences. In this paper, we look at one of the largest emerging markets, the Taiwan stock market. We find that DOWN markets occur more frequently and momentum profits are more negative following DOWN markets in Taiwan than in the US. Taken together, our findings suggest that the lack of profits from momentum strategies in emerging markets may be due more to the state-dependence of momentum discovered by Cooper, Gutierrez, and Hameed [Cooper, M. J., Gutierrez R. C., & Hameed, A. (2004). Market states and momentum. Journal of Finance, 59, 1345–1365] rather than to cultural differences.     

开放实验室对实训教学的促进作用

本文论述了开放实验室的相关做法及其对教学的促进作用。     

Consumer evaluation of self-service innovation failure: the effect of brand equity and attribution

The purpose of this study is to examine how, when a self-service innovation fails, customers evaluate different levels of brand equity and how the brand equity effect is moderated by consumer attribution and service recovery. Based on two experimental studies, the results indicate that high-equity brands suffer less from the adverse effects of self-service innovation failures when compared with low-equity brands. However, self-service innovation failures are more detrimental to high-equity brands if they are caused by service providers' internal factors as well as low service recovery.     

帆都卷烟厂TnPM推行之OPL活动设计

帆都卷烟厂开展以TnPM先进的管理理论为基础的设备管理模式研究,将TnPM理论与青岛卷烟厂实际相结合,探索适合青岛卷烟厂的TnPM设备管理体系。其中OPL作为TnPM管理体系的一项重要工具,能够为设备管理经验和知识的积累奠定了基础,帆都卷烟厂研究和推行OPL实践,不断提高青岛卷烟厂设备精细化管理水平,为烟草行业树立设备管理典范。