Long-Term Performance Following Rights Issues and Open Offers in the UK

Abstract:  This study finds evidence of significant long-term underperformance following rights issues made during 1986-95 in the UK. The findings are resilient to a number of methodological controls. In contrast, our results for a smaller sample of open offers made during 1991-95 show strong positive performance over a 5-year post-issue period, implying that firms making open offers had better growth prospects than firms making rights issues. During 1986-90, a period when open offers were rarely used, firms appeared to be making rights issues to exploit overvaluation. However, this was not evident for rights issues made during 1991-95, a period when open offers were more commonly used.     

论科学发展观“以人为本”价值取向的创新意义

科学发展观“以人为本”价值取向的创新意义在于实现了以下三方面的转化。一是从“物本”向“人本”的转化，这是对经济发展目标的新思考；二是从抽象“民本”向现实“民生”的转化，这是对发展基点的新思考；三是从“以财富为本”向“以权益为本”的转化，这是对人的发展目标的新思考。确立以人为本的发展理念，是发展观念的重大更新、重大转折和重大进步，是基于我国社会主义初级阶段实践以及国际经济社会发展历史总结的新拓展。     

层次分析法在企业员工健康管理中的应用

近些年来,企业员工的健康对企业的影响越来越大,它不仅能改变企业的生存和发展,而且可以改变企业的竞争力。通过建立影响企业员工健康的递阶层次结构和构造成对比较矩阵,用模糊层次分析法定量地给出了各因素对提高企业员工健康的重要性及其先后次序,为企业对员工健康管理提供了相关的理论依据。     

森林生态补偿研究进展及关键问题分析

详述了国内外森林生态补偿的发展概况,深刻分析了生态补偿的三个关键科学问题,并指出了今后的研究方向:明确与我国现实需求相一致,具有中国特色的生态补偿概念;建立一套具有现实有效性、能与当地社会经济发展水平相一致的生态补偿标准;进一步研究自愿协商的方式在生态补偿中的应用,在政府的协调下,通过生态付出区和生态收益区民主协商,建立上下游联动,根据市场变化灵活浮动的生态服务补偿方式。     

农村城镇化的对策研究：国际经验与天津实践

城镇化建设是我国正在经历的一次经济与社会结构转型。通过对城镇化进程的再定义,指出居民幸福感提升应是判断城镇化建设成败的终极标准。要在城镇化进程中提升居民幸福感,就必须解决好城乡居民生存与发展机会的分配问题。结合世界各国城镇化的经验教训提出,产业竞争力问题、“三衣”问题和公共服务质量问题是城乡居民生产与发展机会分配过程中的三个核心问题。以天津市农村城镇化建设的重要实践为例,进一步分析解决好三个核心问题的必要制度安排。     

Gender Mainstreaming and Corporate Social Responsibility: Reporting Workplace Issues

This paper investigates the potential and actual contribution of corporate social responsibility (CSR) to gender equality in a framework of gender mainstreaming (GM). It introduces GM as combining technical systems (monitoring, reporting, evaluating) with political processes (women’s participation in decision-making) and considers the ways in which this is compatible with CSR agendas. It examines the inclusion of gender equality criteria within three related CSR tools: human capital management (HCM) reporting, CSR reporting guidelines, and socially responsible investment (SRI) criteria on employee and diversity issues. Although evidence is found of gender equality information being requested within several CSR related reporting frameworks, these requirements are mostly limited in scope, or remain optional elements. The nature and extent of relevant stakeholder opportunities are investigated to explain this unfulfilled potential.     

茶文化旅游的开发与设计

现代旅游不仅是经济消费,更是文化消费,茶文化旅游正是以它传统的养生和休闲方式,独特的观光和体验价值,高享受的服务,迎合了现代旅游业的发展趋势,有着广阔的发展空间。本文界定了茶文化旅游的涵义,并基于对茶文化旅游开发意义的理解,探究了如何深入开发茶文化旅游,以促进茶业、旅游业的发展和\"三农\"问题的解决。同时,针对茶文化旅游开发中的重点——产品设计,本文还进一步研究了如何遵循茶文化旅游产品设计的原则,充分利用现有茶文化旅游资源设计出受欢迎的茶文化旅游项目和旅游线路。     

Value-based network mobilization: A case study of modern environmental networkers

This article addresses current environmental issues by taking a network perspective to examine the initiatives to solve them. Previous investigations of network dynamics and mobilization concern the business context, but we broaden the analysis to the societal networks wherein business is embedded. Our aim is to investigate the early emergence of collective action around a common issue. We analyze the network mobilizers, who promote the issue and its solutions, and the mobilization mechanisms that they employ. We have conducted a case study that examines three initiatives to save the Baltic Sea, all involving business, governmental, and civil society actors. This rich case material leads us to formulate a conceptual model of value-based network mobilization. The mobilizing actors, values, and relationship sediments emerge as important factors in creating issue networks. Our key contribution is to show how the environmental issues bring new types of actors to networks and change the rules of the game. We propose that ‘modern environmental networkers’ should become more important in the future, and that business firms need to develop their skills in playing the new games with these new actors.     

重大事项社会稳定风险评估运行框架研究——以城市新区开发建设为例

针对现行的重大事项社会稳定风险评估中存在的问题,提出建立切实可行的评估运行框架。首次以城市新区为评估对象,以发现问题、分析问题、解决问题为主线,采用定性、定量、定位、定策相结合的分析方法,对城市新区开发建设可能存在的社会稳定风险进行评估,以期实现单纯型评估、粗放型评估向精细化评估的转变。从实践层面来说,对其他新区规划的社会稳定风险评估具有借鉴意义。     

上市公司社会责任审计的理论建构与实践问题探索

随着上市公司履行社会责任情况的信息披露日益受到利益相关者的密切关注,作为履行第三方鉴证责任的上市公司社会责任审计也越来越受到理论界和实务界的重视,因此通过理论建构与实践操作两个层面对上市公司社会责任审计问题进行有关探索十分必要。上市公司社会责任审计的理论框架可以从审计依据、审计原则、审计主体、审计内容、审计目标五个方面来构建;上市公司社会责任审计的实践问题可以从强化上市公司社会责任审计信息披露的监管、构建上市公司社会责任审计的标准、巩固上市公司社会责任审计的依据、探索上市公司社会责任审计的辅助机制和培养上市公司社会责任审计人员几个方面来探索。