History of the Suez Canal Company, 1858–2008. Between controversy and utility

Between 1790 and 1860, US state governments chartered 22,419 businesses, with minimum authorised capital totalling $4.58 billion, by special statute. The US, in both total and per capita terms, had considerably more corporations and authorised corporate capital than the UK, France or Prussia did over that same span. Differences in incorporation and capitalisation rates between nations were largely a function of differences in laws and politics but differences among American states resulted more from differences in the timing and character of economic development.     

A Penrosean theory of acquisitive growth

Penrose's book The Theory of the Growth of the Firm presents a growth theory that overwhelmingly relates to organic growth, with little explicit focus on acquisitive growth. This article addresses the gap in her growth theory by drawing on the historical case of Enodis, and insights from the resource-based view of the firm, to develop a Penrosean theory of acquisitive growth. It concludes that acquisitive growth not only enables a firm to grow more quickly, but that under specific conditions, through its increase in the diversity of resources at the disposal of managers, it may act as a spur to future organic growth.     

基于TANG模型的西安国际旅游成长实证分析

文章运用旅游地非线性成长模型（TANG模型）对50年来西安国际旅游成长进行实证分析。分析指出，西安国际旅游第一周期为新中国成立至改革开放前阶段，规模极小，受政府制度、资源与产品创新、大规模突发事件影响极大；从客流量与旅游收入两个指标体系入手，讨论1978年以来的第二、第三周期，通过模拟方程、成长曲线及相关特征值实现了不同周期、不同指标的横向与纵向比较，同时在与统计值进行对比的过程中，清晰地反映出异常波动情况，判断波动原因，对旅游地成长过程有了更为清晰的认识。     

铁路日装车计划运输效益计算分析系统开发研究

日装车计划的审批是铁路局的一项重要工作。通过详细分析铁道部的清算办法,总结出了日装车计划的清算收入、运输成本以及运输效益的计算方法,对系统进行了需求分析、模块设计、数据库设计与流程设计。在设计的基础上,以vs2005为开发工具c、#为开发语言,开发出了铁路局日装车计划运输效益计算分析系统,并利用郑州铁路局的实际数据,对软件进行了实例研究。结果表明该软件能够帮助货运调度人员进行批车决策,对铁路局提高日装车计划的运输效益有一定的指导意义和参考价值。     

上市银行可持续增长分析——以深圳发展银行为例

企业增长及其管理是财务计划中的难题。以广为流传的罗伯特.C.希金斯的可持续增长模型为理论基础,以深圳发展银行为例,对其可持续增长状况进行分析,研究发现,在2008年之前深圳发展银行的实际增长率超过可持续增长率,增长速度过快主要是由于较高的资产运营能力和财务杠杆。但是长期较高的增长率会消耗殆尽自身的财务资源,最终会导致实际增长率的下降2,006—2009年深圳发展银行的实际增长率逐年递减,直至2010年才有所改善。     

小议“利得”之概念

所有者权益的来源包括所有者投入的资本、直接计入所有者权益的利得和损失、留存收益等。利得属于《企业会计准则》中一个新的概念,本文对于它的确认、计量和报告试图进行一个系统的阐述,并将之与收入进行比较。     

Growth-focused or profit-focused firms: Transitions toward profitable growth

Profitable growth is the most desirable state tourism and hospitality firm managers can hope to achieve. In reality, however, it is not easy for a tourism and hospitality firm to consistently grow and accumulate profits. In order to achieve profitable growth, some firms focus on sales growth while victimizing profits, while others concentrate on profits and hold off on growth. To better understand these strategies, this study investigated the growth state, profit state and transitions of restaurant firms. The findings of this study supported that profit-focused firms are more likely to achieve profitable growth than growth-focused firms. In addition, growth-focused firms with low liquidity had a higher likelihood of transitioning to a state of low growth and low profit in the short-term, and this liquidity effect was more serious for small firms in terms of long-term performance. Further, when profit-focused firms had few growth opportunities, large free cash flows increased the likelihood of transitioning to a state of low growth and low profit in the short-term. More detailed results are provided in this paper.