Analysing the wealth effects of UK divestitures: An examination of domestic and international sales

Here we analyse divestiture announcement effects for UK multinational corporations accounting for the location of the unit sold. We find some bias in market reactions with larger abnormal returns for UK divestitures when compared to overseas sales. US sales generate larger returns than those in Continental Europe or the Asia-Pacific region. We analyse the determinants of abnormal returns using accounting and transaction data, supplemented with country specific data for overseas sales. Abnormal returns for UK sales are explained by financial characteristics of the selling firm but the size of the transaction relative to the firm is the most significant factor in overseas divestitures.     

Policy spillover and regional linkage characteristics of the real estate market in China's urban agglomerations

The main purpose of this study is to determine the spillover effect of real estate regulatory policies released by core cities on the surrounding cities in major urban agglomerations based on regional linkage characteristics of China's real estate market. In this study, real estate transaction data of 157 cities were selected from 11 major urban agglomerations. Agglomeration's housing transaction volatility and spillover effect caused by the core city's regulatory policies were simulated by integrating spatial and temporal analysis model, event analysis, and symbolic time series analysis. The findings showed that (1) the regional linkage of the real estate market in the Harbin–Changchun and Middle–South Liaoning, Middle Reaches of the Yangtze River, Yangtze River Delta, Pearl River Delta, and West Side of the Straits agglomerations were remarkably tight and the core cities' policy spillover effect was significant, of which the house purchase limitation and credit limitation policies had the widest influence; (2) the regional linkage of the real estate market in the Beijing–Tianjin–Hebei agglomeration, Shandong Peninsula, Guanzhong Plain, and Chengdu–Chongqing agglomerations was relatively weaker, but the core cities' policies of market regulation and taxation had certain spillover effect; (3) there were significant differences in the spillover effects of different types of policies in different urban agglomerations; (4) generally, the core cities' policy spillover often reduced the changing characteristics of the real estate market and made it more ordered with more certainty in the whole agglomeration, with the exception of the Beijing–Tianjin–Hebei, West Side of the Straits, and Chengdu–Chongqing agglomerations.     

产业经济学视角下的演艺行业带动效应分析

演艺产业对社会经济发展、文化传承与普及、提高国民素质有着重要作用,其发展状况也是一个国家和社会软实力的体现。但目前演艺产业面临各种发展困境,如何走出困境是业界、学界应该关注的问题。在梳理中国演艺产业研究现状及对专家访谈的基础上,用产业带动理论框架分析演艺产业的回顾效应、旁侧效应、前向效应带动作用的机制与模式,并提出促进演艺产业健康发展对策。     

投资水平、技术进步和产能过剩

采用2005-2016年中国30个省份工业部门面板数据,通过DSBM方法测度了各地区的产能利用率,使用DEA方法测度了各地区的技术进步水平,在此基础上,研究了投资水平对产能过剩的影响,并构建了 “投资水平-技术进步-产能过剩”的中介效应模型。模型实证结果表明：各地区工业投资水平对其产能利用率有显著的消极影响;技术进步对产能利用率存在着积极影响;技术进步对投资水平和产能过剩存在着中介效应。     

现代企业成本控制机制研究

传统意义上的成本控制方法体系构建于"收入-费用=利润"的数量关系之上,不惜一切代价绝对地削减成本以保持一定的利润水平是其最显著特征。现代企业成本控制突破了企业这种价值观,而是将利润观念与成本控制语境演进进行对称研究,并进而建立了现代企业成本控制机制整体框架。在具体操作上,成本核算、成本控制与成本分析三位一体的实现是企业生产方式再造、成本流程设计与最佳成本控制方式选择的整体性制度安排。最后提出企业制度效应决定了成本控制方法体系的选择,任何期望不改变企业组织现存状态的成本控制都有必要进一步改进。     

网页设计中的色彩探析

文章从色彩的基本知识以及色彩搭配的原理两个方面,分析网页设计中的色彩搭配最佳视觉效果。     

浅谈知识经济对人力资源会计的影响

会计作为人类把握社会经济信息、了解社会经济活动的应用学科,面临着知识经济的挑战。知识经济时代的到来也为人力资源会计的推广创造了历史性的契机。     

贸易开放、不完全竞争与成本加成——基于中国制造业数据的实证分析

文章利用中国制造行业的面板数据,分析贸易开放对我国国内行业成本加成的影响。回归结果表明,市场竞争与国际贸易是影响我国制造行业成本加成的重要因素。进口贸易在高竞争性行业对成本加成具有正向的促进效应,而在低竞争性行业具有相反的效应;出口贸易对国内行业的成本加成具有显著的正向促进效应。     

龙头企业知识溢出及集群竞争力的提升效应

产业集群已经成为区域经济发展的动力,知识溢出又是集群持续创新的最主要条件。文章主要研究了集群内龙头企业知识溢出的实现方式,并分析了知识溢出与竞争优势的两难困境,认为龙头企业可以通过集群竞争力的提升效应来克服个体在知识溢出时所造成的负效应。     

基于灰灾变预测的“牛鞭效应”解决办法

简要介绍了灾变灰预测理论,并将此理论用于零售终端企业的库存控制,通过零售商的合理库存预测来减轻牛鞭效应的影响。之后给出实际案例进行了相关的研究和分析,证明灾变灰预测是减轻牛鞭效应的很好思路。