物价稳定、货币流通速度与宏观调控愿景把握

对欧美国家和我国曾经发生的货币流通速度陡升型通胀和货币流通速度陡降型通缩进行实证分析表明,现阶段我国货币流通速度似处于一个非渐变、非常规的特殊时期,相关不确定性因素一旦演变为确定性的组合,很可能产生经济运行中的某种临界转换点,并可能对我国货币政策和宏观政策调控带来挑战。应加强对货币流通速度的监测和对货币需求变化的研究预测,进而优化市场预期管理和宏观应急管理,提高应对货币流通速度突变型通胀、通缩的能力,以更好地追求与维护物价稳定和提高宏观调控水平。     

The customisation framework for roadmapping product-service integration

Product-service integration is becoming a dominant contemporary trend, motivated by how technology can shape areas of potential product/service interactivity and triggers interactions. Since the role of technology differs from case to case, the strategic planning of product-service integration should focus on accommodating the real-life business situation. In response, this paper suggests a customisation framework for product-service roadmapping according to the technological interface involved, and provides practical guidance in its implementation. This framework consists of five steps in three main stages. The first deals with the structural determination of roadmapping, planning ??what to plan??, determining the role of technology and the roadmapping format. The second phase plans the functional determination, dealing the issue of ??how to plan??, including deciding on the relevant roadmapping procedures and methodology. Finally, the roadmap for product-service integration is developed. To illustrate the workings of proposed approach, six case examples are provided for different modes of integration, providing a practical illustration for product-service integration.     

Effect of the Sovereign Credit Ratings in East Asia Countries: Evidence from Panel Vector Autoregression

We study the effect of the sovereign credit ratings on the economies of seven East Asian countries, applying panel vector autoregression (VAR). We find that rating has less effect than outlook of rating on the credit default swap (CDS) spreads, the stock indexes, and the GDP growth rates. Rating upgrade and positive outlook have stronger effects than rating downgrade and negative outlook, and the effects of positive outlook and rating are greater after the financial crisis. There is evidence of contagion in that the economic variables of a country seem to have been affected by the outlooks of the other countries.     

Organizational attraction toward a company that adopts a smoke-free policy

The current study investigated Korean smokers’ and non-smokers’ evaluations of an organization implementing a policy which either mandated or recommended that employees quit smoking. Undergraduates (n = 268) were randomly assigned to one of 2 (high vs. low severity of smoke-free policy implementation) × 2 (high vs. low organizational assistance) conditions and indicated their attraction to a hypothetical organization, posing as job applicants. The findings showed that non-smoking individuals’ perception of organizational support was more strongly and positively related to organizational attraction when they were more likely to endorse employers’ right to control employee smoking behaviors. Ex-smokers indicated greater attraction toward the organization when it was described as implementing a high severity policy than a low severity policy. Non-smokers indicated greater attraction toward the organization when it was described as offering a high level of assistance than a low level of assistance for smokers’ cessation efforts. These and other findings concerning individuals’ perception of severity, perception of organizational support, smoking sensitivity, and employer control are presented in detail, and the implications thereof are discussed.     

1961～2013年塔城地区气候的时空变化特征

[目的]探究塔城地区气候的时空变化趋势及其与气象因子的关系.[方法]文章利用塔城地区7个气象站点1961~2013年的逐日气象资料,探究了气温、降水、日照时数、积温和潜在蒸散量的时空变化特征.[结果]1961~2013年塔城地区年平均气温、降水量和积温呈增加趋势,日照时数和潜在蒸散量呈减少趋势.1961~2013年塔城地区平均气温、降水量、日照时数、年潜在蒸散量、积温分别在1997、1967、1996、1989、1985年发生增加突变.平均气温、降水量、日照时数、积温存在明显的多尺度周期特征,即30年的大周期和15年的小周期变化.塔城地区平均气温的空间分布差异明显;大致呈现西高东低的空间分布特征;降雨量空间分布大致呈现西多东少的经线分布特征;日照时数大致呈现南短北长的维度地带性特征;潜在蒸散量存在自南向北逐渐减少的空间分布特征;积温的空间分布呈明显的自南向北逐渐减少的维度地带性特征.[结论]在全球气候变化下,较全面了解到新疆塔城地区气候变化趋势特征,对建立塔城地区气象预测与农业生产之间的预警,促进农业健康发展有很大的理论依据.     

Financial repression and external openness in an endogenous growth model

An endogenous growth model has been developed that extends Sidrauski (1967), Roubini and Sala-i-Martin (1992,1995) and Lucas (1988) by combining financial development, human capital investment, and external openness. Financial development and trade liberalization are shown to increase the economic growth rate by increasing the marginal benefits of human capital investment. Expansionary governments are, however, provided with an incentive to increase the money supply growth rate, to repress the financial sector, to close its economy, and to impose a high proportional income tax rate.     

Intra‐firm differentiation of compensation systems: evidence from US high‐technology firms

While scholars have long recognised the influence of firm decisions on aspects of compensation (e.g. pay level and pay mix), prior compensation studies offer an ambiguous understanding regarding their scope. Some studies argue that firms customise compensation decisions according to employee groups, whereas others assume that firm compensation decisions apply uniformly throughout a firm. To address this research gap, the current study analyses pay levels and pay mixes for R&D employees and administrative employees in US high‐technology firms. Our empirical analyses show that firms make distinct compensation decisions for these two job families, but these decisions are ultimately consistent. These findings highlight firms' intention to strike a balance between customising compensation systems according to employee groups and maintaining internal consistency. Our findings add interesting insights to the strategic HRM and talent management literatures, which claim that firms should differentiate among employees when designing HRM systems.     

The effect of travel purpose and self-image congruency on preference toward airline livery design and perceived service quality

This paper examines travelers’ preference for airline livery design, which is an important component of sensory experience for tourists. Based on surveys of both U.S. and South Korean respondents, this study finds that airline livery preference depends on travel purpose (i.e. business vs. vacation). Designs preferred by the two travel segments differ in terms of color tone, hue, line, and shape. Business traveler-preferred designs signal punctual, efficient, classy, and safe service; while vacation traveler-preferred designs elicit feelings of fun, friendly, and exotic service. It is also shown that travelers prefer airline livery that is congruent with their situational self-image, depending on the travel occasion at hand. In fact, self-image congruency of design is approximately half of the variance in airline livery preference. Finally, results show that self-image congruency also increases perceived service quality.     

Moderating effect of capital intensity on the relationship between leverage and financial distress in the U.S. restaurant industry

During the recent and ongoing economic turmoil, countless businesses have been facing financial distress and many have filed for bankruptcy. This issue is especially critical for the restaurant industry due to restaurants’ sensitivity to economic fluctuations. Therefore, the purpose of this study is to examine the financial distress issue in the U.S. restaurant industry. In particular, the study examines a moderating effect of capital intensity on the relationship between a firm's leverage and degree of financial distress. The dataset includes publicly traded U.S. restaurant firms during the period 1990–2008. The study measures the degree of financial distress by modified Z-scores, and findings suggest a positive moderating effect of capital intensity on the relationship between leverage and financial distress.     

马克思理论视角下我国城市贫困及反贫困研究

20世纪90年代以来,中国城市贫困问题日益显现,已成为国家经济增长、社会稳定、家庭和个人全面发展的阻碍。依据马克思贫困理论的三个层面,从技术基础、表现形态和制度决定,分析转型期我国城市贫困的产生背景、社会构成和结构成因,提出了城市反贫困的途径,旨在为我国的城市贫困研究提供借鉴。