中国服务外包:敢问路在何方

经济全球化的纵深发展和新一轮国际产业转移的持续推进,为我国承接服务外包、加快经济增长方式的转变带来了历史性契机。随着我国商务部服务外包"千百十"工程的逐步实施和新近20个"中国服务外包示范城市"的确立,我国外包产业晨曦初现,朝气蓬勃。作为新兴的外包目的地,中国外包产业的发展既有作为一个高速发展的最大发展中国家的内在优势,如巨大的国内市场、丰富的人力资源、良好的基础设施,又有作为一个外包产业新兴国所具有的后发优势,如更好地借鉴印度和菲律宾等国的经验教训,还有作为东亚文明发源地所具有的地缘优势,如拥有日本和韩国两个区域内外包客户国。同时,我国外包产业也有一些不足之处,如服务交付模式有欠成熟,"中国外包"品牌尚未形成。因而,如何整合自身优势,"有所为有所不为",走出一条中国特色外包发展道路,是当前必须面对和解决的重大课题。他山之石,可以攻玉。本文是全球外包领域权威咨询机构Tholons的最新研究成果,希望这一来自班加罗尔的声音能为我国外包领域决策要员、专家学者及业界同仁更好地谋划和发展中国外包提供一个新的视角。     

Large Shareholdings and Corporate Control: An Analysis of Stake Purchases by French Holding Companies

The paper analyses the value creation benefits of the holding form of organisation in France by empirically examining the effects of non-controlling stake purchases on target shareholder wealth, operational performance and bidder shareholder returns for a sample of 122 stake purchases in French listed companies. The evidence puts into question the ability of holding companies to create value for the firms they purchase stakes in or their own shareholders, adding to the current debate on the relative role played by large shareholders and the external market for corporate control as ultimate disciplining devices.