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1.
Without guaranteed compensation, granted by the German Renewable Energy Sources Act (Erneuerbare Energien Gesetz/EEG), biogas plants compete with all other plant types on the market for electrical energy. However, exchange-based electricity products do not currently permit an economically viable operation of biogas plants owing to their cost situation. 相似文献
2.
What you are is what you like—similarity biases in venture capitalists' evaluations of start-up teams 总被引:2,自引:2,他引:0
Nikolaus Franke Marc Gruber Dietmar Harhoff Joachim Henkel 《Journal of Business Venturing》2006,21(6):802-826
This paper extends recent research studying biases in venture capitalist's decision making. We contribute to this literature by analyzing biases arising from similarities between a venture capitalist and members of a venture team. We summarize the psychological foundations of such similarity effects and derive a set of hypotheses regarding the impact of similarity on the assessment of team quality. Using data from a conjoint experiment with 51 respondents, we find that venture capitalists tend to favor teams that are similar to themselves in type of training and professional experience. Our results have important implications for academics and practitioners alike. 相似文献
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4.
The paper takes a recent agent-based asset pricing model by Manzan and Westerhoff from the literature and applies the method of simulated moments to estimate its six parameters. In selecting the moments, the focus is on the fat tails and autocorrelation patterns of the daily returns of several stock market indices and foreign exchange rates. It is argued that it may be meaningful to abandon the econometrically optimal weighting matrix in the objective function and instead invoke the moments' t-statistics in an intuitively appealing way. This modification gives rise to estimations whose moment matching, given the model's parsimony, can be largely considered to be satisfactory. Also the parameter estimates across different markets make good economic sense. 相似文献
5.
Siegfried F. Franke 《Wirtschaftsdienst》2008,88(11):698-699
Ohne Zusammenfassung
Siegfried F. Franke ist Ordinarius für Wirtschaftspolitik und ?ffentliches Recht an der Universit?t Stuttgart 相似文献
6.
7.
Günter Franke 《Financial Markets and Portfolio Management》2012,26(1):61-85
This paper argues that the strong member states of the European Currency Union are hostages of a financially distressed member
state so that they are compelled to provide financial support. Moreover, due to the dynamics of the interaction game, a debt
relief is a free lunch for the distressed country. This fosters moral hazard of distressed countries. In the absence of capital
market control, European politics do not effectively monitor fiscal politics of member states. The lack of a long-term strategy
of the European Currency Union to deal with distressed states has undermined the credibility of politics. This lack is also
explained by a lack of a European Insolvency Charter. A viable Union requires such a charter with rules for handling distress.
Moreover, politics should determine a mechanism to coordinate politics and capital markets in their monitoring of fiscal and
economic policy of member states. 相似文献
8.
Siew Meng Leong Sam Ouliaris George R. Franke 《Journal of Marketing Communications》2013,19(2):111-122
Co-integration econometrics have important theoretical advantages over more traditional approaches to estimating the long-term effects of one variable on another. When advertising and sales data are co-integrated, adaptations of common econometric procedures may be used to estimate the long-term effects directly rather than inferring them from short-term relationships. This paper presents a method for detecting and estimating co-integrating relationships using ordinary least-squares regression procedures. The method is illustrated with the well-known Lydia Pinkham data from 1907 through to 1961. The results show that there was a strong positive relationship between Lydia Pinkham advertising and sales in the long-term. Implications of the method and findings are discussed. 相似文献
9.
Anusorn Singhapakdi Scott J. Vitell George R. Franke 《Journal of the Academy of Marketing Science》1999,27(1):19-36
This study uses responses from a survey of marketing professionals in a structural equation model linking antecedents and
consequences of two dimensions of personal moral philosophies (idealism and relativism) and perceived moral intensity (PMI).
Mixed support is found for hypothesized effects of gender, religiosity, education, experience, salary, and corporate ethical
values on idealism and relativism. Idealism increases and relativism decreases PMI in four ethical scenarios. PMI increases
perceptions of ethical problems, which reduce intentions to act unethically. The study tests whether relationships between
variables, revealing that PMI has direct as well as indirect effects on intentions. Intentions are also influenced by gender:
women have more ethical intentions than men, on average, and this effect is not mediated by other variables in the model.
Anusorn Singhapakdi is an associate professor of marketing at Old Dominion University. He has also served on the marketing faculty at Lamar University,
Texas, and at Thammasat University, Thailand. His papers on topics in marketing ethics and social responsibility have been
published in theJournal of the Academy of Marketing Science, Journal of Business Ethics, Journal of Business Research, Journal of Macromarketing,
Journal of Public Policy & Marketing, and various other journals and proceedings.
Scott J. Vitell is the Phil B. Hardin Professor of Marketing at the University of Mississippi. He received his Ph.D. in marketing from Texas
Tech University. His work has previously appeared in theJournal of the Academy of Marketing Science, Journal of Business Research, Journal of Macromarketing, Journal of Business
Ethics, Research in Marketing, International Marketing Review, and in other journals and proceedings.
George R. Franke is an associate professor and Reese Phifer Fellow of Marketing at the University of Alabama. His research interests include
ethics, public policy, advertising, and research methodology. His publications have received best-paper awards from theJournal of Advertising, Journal of Marketing Research, American Marketing Association, and Southern Marketing Association. 相似文献
10.
Reiner Franke 《Metroeconomica》2019,70(2):302-312
Drawing on Harrod, Kalecki and Kaldor, this paper seeks to revive the view that ceteris paribus firms reduce investment if they have already built up high capacities relative to their assessment of the normal potential of their markets. This reaction introduces a fundamental stabilizing mechanism into the economy. The paper adapts the idea to a growth context and applies it to the neo‐Kaleckian baseline model with its Harrodian instability. It demonstrates that, in principle, a sufficiently strong feedback could stabilize the steady state. 相似文献