商业银行发展汽车金融业务的策略分析

当前,汽车市场出现井喷式增长,各商业银行相继推出新的汽车金融业务.为应对外来汽车金融公司的同业竞争,避免再次陷入“车贷信用危机“,商业银行应积极借鉴国外的业务发展经验,针对自身业务发展障碍,制定合理的策略,审慎发展.     

上市公司企业利润质量分析——来自国内某大型空调制造企业的实践

本文以利润表为主要分析对象,以定量分析为主要分析方法,对我国空调市场某领导企业(文中简称G公司)进行了利润质量分析与评价,以期发现目前我国上市公司利润表中存在的粉饰公司业绩、扭曲利润质量的手段与途径。     

多元化企业品牌延伸的相关利益者组合比较研究

从多元化的角度来说，企业的品牌延伸行为就是一种新产品的推出模式。在相关多元化和非相关多元化模式下，企业通过品牌延伸推出新产品会形成不同的相关利益者组合。而现有产品市场企业、延伸产品市场企业、行业内潜在进入者和行业外潜在进入者是构成相关利益者组合的基本企业类型，其中的现有产品市场企业和延伸产品市场企业是延伸企业的现实利益相关者，其行为模式对延伸效果有重要影响。     

Cooperative game analysis of coordination mechanisms under fairness concerns of a green retailer

This study discusses how a green retailer's fairness concerns affect product greenness and profit and explores how to distribute surplus profits under the fairness concerns using cooperative game theory. Research findings indicate that cooperation contributes to increasing channel profits and improving product greenness, but the fairness concerns are detrimental to them. The three proposed coordination mechanisms (SVM, NSM, and TVM) are feasible to ensure coalition stability, but their beneficiaries differ. NSM benefits a manufacturer, while SVM benefits retailers. Additionally, the green retailer's fairness concerns serve as distribution tools to narrow profit gaps between the manufacturer and the green retailer.     

论营改增对交通运输企业利润的影响——以中海发展股份公司为例

2016年5月1日,营改增将进行最后四个行业的全面试点,从2012年首先开始于交通运输业等行业的营改增,已经进入了收关之际.从历经4年多的试点结果来看,从2012年试点到2015年底,"营改增"已经累计减税5000多亿元,结构性减税效果明显.交通运输业作为我国重要的行业,又是第一批试点行业,虽然交通运输业营改增后,流转税负呈下降的趋势,但对交通运输行业的利润影响是否是正向的还需要科学的研究,因此,本文以中海发展股份公司为例,分析营改增后影响交通运输业利润的变化及因素,并给出相应的建议.     

Impact of quality on estimations of hotel efficiency

This paper provides empirical evidence on the impact of output quality on hotel efficiency. It demonstrates how ignoring quality can lead to erroneous efficiency estimates. The study uses stochastic frontier methodology and the model proposed by Battese and Coelli (1995) to estimate the efficiency of 838 hotels in Spain in the period 2009–2013. The key advantage of this methodology is its ability to estimate efficiency and identify factors that explain differences in efficiency in a single-stage sampling procedure. Estimates of cost efficiency, which only include the costs of higher quality, are compared to those of profit efficiency, which not only consider costs but also the revenues generated by higher quality. Results show that quality has a negative impact on cost efficiency and a positive one on profit efficiency. Thus, hotel management should implement strategies that increase the value of their services as a way to achieve sustainable competitive advantages.     

企业价值评估贴现模型的比较分析

贴现模型是企业价值评估中应用较为普遍的模型,但在我国实践中使用贴现模型存在很多问题。本文利用自由现金流量贴现法、调整现值法、经济利润贴现法三种常用的方法,探讨贴现模型不同参数指标的原理、使用原则、使用条件及在我国实践中的适应性,希望讨论能够为企业价值评估实务提供指导和帮助。     

现代物流服务企业价值链的分析与构建

文章分析了现代物流服务企业所具有的服务企业和制造企业的双重特点,剖析了在现代物流服务企业价值链分析中运用基本价值链模型和服务价值链模型可能存在的局限性,在此基础上探讨了现代物流服务企业价值链模型的构建。     

Flat versus spatially variable tolling: A case study in Fresno,California

A number of studies have examined the feasibility of temporal variations in tolls. However, spatial variation in tolls has not received much attention, especially in practice. Spatial variation could effectively reduce congestion and increase profits. To fill this gap, we conduct an empirical application on 3 different road segments using the Fresno, California's transportation planning model. Our modeling results in a number of interesting insights. First, the derived optimal flat toll values are very close to the average variable tolls, but the effects of applying spatially variable tolls on improving total revenues (from 4% to 24%) and total improved travel time (from 18% to 1083%) measures are significant. Second, spatially variable tolls are more effective, but more costly, particularly for arterials, which can be attributed to the higher number of access points for arterials. Third, spatial variations in tolls are more effective for peak hours than for off-peak hours and for social optimization than for profit maximization. Fourth, to improve throughputs for both profit maximization and social optimization, the prevalent tolling pattern along a corridor induces lower final volumes per capacity (V/Cs) (after pricing) at the mainline flow sections and relatively higher final V/Cs at the entrance and exit (boundary) points. Finally, optimal toll patterns are not dependent on vehicle miles traveled (VMTs) or volumes but, rather, are related to targeted V/Cs. Therefore, flow-dependent charges along a corridor should be based on V/Cs rather than on volumes or VMTs.     

Empirical analysis of profit maximization and cost minimization behaviour of Kansas farms

A farm-level deterministic and stochastic nonparametric tests of profit maximization and cost minimization behaviour for a sample of 112 Kansas farms was completed from 1996 to 2013. Allowing for monotonic non-regressive technological change and using a 10% significance level, 73 farms violated the profit-maximization hypothesis and 58 farms violated the cost minimization hypothesis. More profit maximization violations existed relative to cost minimization violations. However, comparing these results with results for 289 Kansas farms using data from 1973 to 1990, farms have significantly reduced profit maximizing violations. Cost minimizing behaviour has not changed substantially.