一种产品服务系统商业模式择优方法

提出了一种基于形态学矩阵和二元语义多准则妥协优化解(VIKOR)方法的产品服务系统(product-service system,PSS)商业模式方案开发、评价和选择的系统性方法。在分析PSS类型特征及其商业模式元素的基础上,通过形态学矩阵组合设计来获得可行的PSS商业模式待选方案;在确定PSS商业模式方案决策层次模型的基础上,采用综合考虑主、客观权重的二元语义VIKOR方法,对PSS商业模式方案进行多属性群决策。最后,通过实例说明了该方法的可行性和实用性。     

振兴机遇下东北金融业发展战略研究

日前,获国务院正式批复的<东北地区振兴规划>对外公布,在这前所未有的政策利好下,东北金融业如何加速自身发展,充分发挥其在经济发展中的支持作用,实现东北金融与东北经济的同步振兴成为亟须研究的课题.     

Share Holder Wealth Effects of Corporate Selloffs: Impact of Growth Opportunities, Economic Cycle and Bargaining Power

Most of the existing empirical evidence on corporate selloffs documents significant wealth gains for the seller's shareholders. We investigate the sources of these wealth gains by examining the impact of business and financial strategy, the economic environment during selloff, and the bargaining advantages of the seller including information asymmetry. We find evidence that sellers with growth opportunities and financially strong sellers enjoy higher returns. Selloffs during recessions generate larger wealth gains than those during economic boom. Information asymmetry due to the buyer's location being different from the purchased division's gives the seller a bargaining advantage leading to larger wealth gains. Relatively large divestments are more beneficial to seller shareholders than small ones. The study highlights the importance of both firm specific and environmental factors in explaining the wealth gains associated with corporate selloffs.     

Confucian Business Ethics and the Economy

Confucian ethics as applied to the study of business ethics often relate to the micro consideration of personal ethics and the character of a virtuous person. Actually, Confucius and his school have much to say about the morals of the public administration and the market institutions in a more macro level. While Weber emphasizes the role of culture on the development of the economy, and Marx the determining influence of the material base on ideology, we see an interaction between culture – specifically Confucian business ethics – and the economy. In this paper, we are going to study this interaction in several crucial stages of development of Confucianism. The paper concludes by postulating the relevance of Confucian business ethics to the global knowledge economy.     

Ethical Issues in Credit Card Solicitation of College Students – The Responsibilities of Credit Card Issuers,Higher Education,and Students

Credit card companies aggressively solicit college students, without regardfor the consequences of high credit car debt for these customers. Theethical conflict of the sale of easy credit to college students too oftenresults in hazardous outcomes akin to the solicitation of youth by cigarettecompanies. This paper will investigate the dangers that credit card use presents to theyoung customer, the unethical manner in which the companies that issue these cards promote their products to this audience, and the role of institutions of higher education. A majority of students are not only using credit unwisely (average balances of over $1000 regardless of who reports the data) but are payingexorbitant interest (18%–22%). The credit card companies call this``responsible' use. They are collecting enough interest and fees to morethan cover losses resulting from bankruptcy. They use a variety ofmarketing techniques to lure college students – glitzy `MTV' type shows,free prizes and gifts, special interest rate offers, and now they can pretendthrough `educational services' to explain to college students why credit cards are important.This paper investigates the ethical considerations of credit card solicitationof college students as a result of research into factors that influence thenumber of credit cards held by these students. Current solicitation policiesof colleges and universities are also presented.     

不确定环境下企业战略变革主导逻辑新范式

企业战略变革是不确定环境下企业“做大做强”和“永续发展”的重要生存法则。而战略变革主导逻辑范式作为企业战略变革问题研究的核心与关键，在传统范式受到挑战的新形势下，呼唤新的战略变革逻辑范式。本文在对战略变革主导逻辑研究的相关概念与思维观念界定的基础上，构建了“战略变革主导逻辑范式分析框架”，并具体提出了“战略先应式”、“战略反应式”、“战略后应式”与“战略因应式”四种战略变革主导逻辑范式。     

电子商务的发展对市场营销的影响

电子商务正在逐渐改变着传统的商务模式。电子商务的发展改变了市场营销的环境,影响着消费者的消费行为,进而使得企业的营销理念和营销管理中心发生着转移。     

Business groups,the financial market and modernization*

Business groups are an important aspect of the industrial organization of many developing countries. This paper develops a theory suggesting that they may be organizations that facilitate modernization in the presence of financial market constraints. An important function of the stockmarket is the diversification of risk that comes with specialized, productive technology. But in the face of serious information problems a well functioning stockmarket may fail to emerge, relegating the economy to a low productivity‐poverty trap. Bilateral links between a firm and a group of others may be a more cost effective way to achieve risk‐sharing. Such business groups may be feasible when a full‐fledged stockmarket is not. As modernization takes place, either because information problems become less severe or more firms enter the economy, business groups actually expand in size before being abruptly rendered obsolete by the stockmarket. This is consistent with empirical results from a number of emerging economies.     

A Nonlinear Model of the Term Structure of Interest Rates

We present an economically motivated two–factor term structure model that generalizes existing stochastic mean term structure models. By allowing a certain parameter to acquire dynamical behavior we extend the two–factor model to obtain a nonlinear three–factor model that is shown, in a deterministic version, to be equivalent to the Lorenz system of differential equations. With reasonable parameter values the model exhibits chaotic behavior. It successfully emulates certain properties of interest rates including cyclical behavior on a business cycle time scale. Estimation and pricing issues are discussed. Standard PCA techniques used to estimate HJM type models are observed to be equivalent to dimensional estimates commonly applied to 'spatial data' in nonlinear systems analysis.
It is concluded that techniques commonly used in the analysis of nonlinear systems may be directly applicable to interest rate models, offering new insights in the development of these models. Tests of nonlinearity in interest rate behavior may need to focus on long cycle times.