零售企业规模扩张与经营绩效的相关性分析

本文以上市零售企业为研究对象,对上市零售企业的规模扩张和经营绩效之间的相关关系进行了实证分析。结果表明,我国上市零售企业存在规模不经济现象,规模扩张还处在粗放式增长阶段。     

零售企业规模扩张侵占供应商利益实证研究

学术界和政府机构一致认为中国零售企业通过规模扩张收取供应商进场费来获得财务收益,但实证研究较少.本文通过54个具有规模优势的样本零售上市公司,对中国规模零售企业是否由于规模扩张、销售力量的增强而出现了收取进场费的现象和进场费与规模扩张的关系进行了验证.研究结果表明,54个具有规模优势的样本零售企业,随着规模增加和销售能力的增强,从供应商处直接获得了进场费,并且进场费增加的比例大于规模增加的比例.     

大型国际化零售企业经营绩效的影响因素分析

目前,越来越多的学者开始关注零售企业的国际化发展,但却很少有研究涉及国际化零售企业的经营绩效问题.本文利用美国、欧盟和日本大型国际化零售企业的数据,对三个国家(或地区)的国际化零售企业的经营绩效进行对比,并分析影响其经营绩效的各种因素.实证研究发现,本国的市场总量、零售企业所进入的国际市场的多样性、所采取的零售业态的多样性,以及国外市场的购买能力等因素对国际化零售企业的经营绩效都具有显著影响,而国外市场与本国的文化差异因素和地理距离因素的影响则并不显著.     

IT企业负债规模与经营业绩相关性研究

本文运用实证的方法,以我国2006年度IT上市公司为样本进行研究,具体分析了我国IT行业上市公司负债规模与经营业绩的相关性,结果表明样本企业负债规模与经营业绩之间呈现显著的相关性。     

基于DEA方法的零售企业经营效率的分析

目前,我国零售业正处于一场深刻变革之中,我国零售企业面临着严峻的竞争。本文选取了在国内外上市的十二家零售企业,应用DEA(Data Envelopment Analysis,数据包络分析)方法,对各企业的经营效率进行分析,并根据分析结果提出针对性的改进措施。     

零售商业资本异地扩张的困惑

<正> 改革开放以来,中国城市商业,尤其是大型零售商业的发展势头迅猛,商业资本在这一高速发展过程中,迅速完成了原始积累。资本扩张的本性必然带来商业资本的趋利性流动。从名噪一时的中原“亚细亚”大规模扩张开始,几乎所有的商业资本都蠢蠢欲动,一轮又一轮的艰难扩张冲击着长期以来计划经济形成的市场     

零售企业商业地产经营战略透视

<正>商业地产经营是零售企业经营中极为重要的一部分,像麦当劳、沃尔玛、家乐福等都是成功的商业地产商,他们在商业地产上的成功运作,促进了他们本身的发展。一、麦当劳(McDonald's):加盟出租战略模式     

经营规模扩张对企业经济运行管理的影响

企业经济运行管理对于构建更加完善的经济运行体系、促进经济管理的有效性及提高经济效益都至关重要。鉴于部分企业对促进经营规模扩张的科学化和有效性缺乏深刻的理解和认识,经济运行管理工作缺乏创新,从而制约企业的可持续发展。本文对此进行了研究与探讨,在分析经营规模扩张对企业经济运行管理影响的基础上,重点分析了经营规模扩张后企业经济运行管理存在的问题,最后就企业如何适应经营规模扩张、促进企业经济运行管理有效开展,提出优化对策。     

IT企业负债规模与经营业绩相关性研究

本文运用实证的方法,以我国2006年度IT上市公司为样本进行研究,具体分析了我国IT行业上市公司负债规模与经营业绩的相关性,结果表明样本企业负债规模与经营业绩之间呈现显著的相关性。     

企业规模与经营绩效相关性研究——来自环保上市公司数据

本文以2001年至2012年84家环保上市公司年度报告作为研究样本,对规模指标和绩效指标进行了分析。结果表明,环保企业的规模与企业经营绩效只存在部分相关性,不同企业规模因子对经营绩效发挥的功效不同,因此,不能盲目地通过对生产要素进行扩张来解决环保行业存在的＂小而乱＂的问题。     

Evolving corporate governance and firms performance: evidence from Japanese firms

This study is an attempt to investigate the implications of the ownership structure and control transfers in the Japanese corporate market, which are attributed mainly to the government’s liberalization policies during 1990s. It appears that institutional shareholdings—either financial or non-financial corporations—are associated with poor performance, whereas the foreign and domestic private ownerships lead to an improvement in the performance of the firms. We observe that unwinding the cross-shareholding between banks and corporations and mutual transfers among non-financial institutions allows for efficiency gain. Furthermore, the ownership transfer to private and foreign individuals is consistently associated with high market value, which implies that individuals’ transfers lead to an increase in efficiency.     

High-involvement practices and performance of French firms

This article deals with the relationship between human resource practices (HRPs) and firm performances in France. It focuses on four specific HRPs that are able to involve employees: empowerment, compensation, communication and training. Each HRP taken in isolation is supposed to be positively related to performances because it is a source of motivation and commitment for employees. But there also exists a synergy between these practices: when they are combined into a bundle and are implemented all together, they should lead to better firm performances. A survey carried out among 180 human resource managers of large French companies leads to validation of most of our hypotheses. Contrary to previous research, we do not find a significant link between compensation and firm performance. The other HRPs are all indirectly related to financial performances, with social performance playing a mediating role. When they are combined into a bundle, HRPs have a stronger impact on performance than when they are studied individually. The article concludes with the importance of developing a strategic human resource policy and of implementing coherent and complementary high-involvement practices to increase firm performance.     

The long-run performance of diversifying firms

The corporate diversification literature presents a puzzle. Short-horizon event studies report positive abnormal returns around the announcement of a diversifying event, while studies that examine diversified firms find evidence that diversified firms are worth less than specialized firms (a diversification discount). If diversification is value destroying, perhaps the destruction occurs over longer periods than have been previously tested. This paper tests the hypothesis that diversifying firms have negative long-run abnormal performance following diversification by examining a sample of specialized firms that have a diversifying event from 1978 through 1998. The firms are tracked for up to five years past their diversification year. There is evidence that value is destroyed for small firms that diversify but enhanced for larger firms that diversify.

会计师事务所品牌经营策略研究

品牌是会计师事务所核心价值与整体价值的综合体现,注册会计师审计是高风险行业,要想生存、发展,必须有作为注册会计师行业的“品牌”。执业质量是注册会计师的生命钱,会计师事务所更是以执业质量为支撑点。品牌是无形资产,具有无形资产的一般特徵,同样也是注册会计师行业品牌的特徵,其品牌价值就是注册会计师的一种服务、会计师事务所的一种识别标志或名称给其带来的附加值。当前,中国会计师事务所品牌经营面临困难,需要根据会计市场需求和自身发展能力创建品牌;同时,需要研究品牌竞争策略。     

Correlated performance of firms in a transaction network

The correlation of firms’ performance on a transaction network is studied by analyzing financial and transaction data. Statistically significant correlation coefficients are obtained as evidence for the firm interactions. The firm interactions are taken into account in the basic equation of firm activity. Forty percent of residuals are explained by considering the firm interactions. The overall structure of the transaction network, i.e., the connectivity of industry sectors, is analyzed.     

Congestion, ownership, region of operation, and scale: Their impact on bus operator performance in Norway

The goal of this paper is to determine the impact that inputs such as fuel consumption and total number of workers employed have on operators’ efficiency in the Norwegian bus industry. Further, we investigate operations characteristics that are associated with the inefficient use of inputs in bus operations. This information is highly relevant for the subsidizers (decision-makers) since resource inefficiency leads to greater costs (ceteris paribus). We use Data Envelopment Analysis (DEA) to explore these issues. The results suggest that there is, in general, a potential for input saving in the sector of about 21%. No significant differences were found between urban and bus rural operators with respect to efficiency scores; neither were there any performance differences with respect to ownership. This latter result deviates from previous international studies, and can likely be explained by the lack of competition in the Norwegian bus industry. A particularly interesting result suggests a formidable degree of input congestion in the Norwegian bus industry, which is in contrast to previous international studies on such congestion.     

Long-term performance of divesting firms and the effect of managerial ownership

We study the long-term performance of firms that divest assets to assess whether gains arise from reducing agency costs. We find that divesting firms underperform control firms before the divestiture and outperform control firms following the divestiture. The poor performance experienced by divesting firms is unrelated to managerial ownership, but the post-divestiture improvement in performance is strongly related to stock ownership by the CEO. The results support the argument that divestitures remove assets that generate negative synergies and that managerial ownership provides strong incentives to improve operations following the divestiture.     

Venture capitalist participation and the post-issue operating performance of IPO firms

Previous studies have identified the value-added potential of venture capitalist monitoring in the initial public offering (IPO) market. We test this proposition by comparing the post-issue operating performance of venture capitalist-backed IPOs with a matched sample of non-venture capitalist-backed IPOs. We find that venture capitalist-backed IPO firms exhibit relatively superior post-issue operating performance compared to non-venture capital-backed IPO firms. Further, the market appears to recognize the value of monitoring by venture capitalists as reflected in the higher valuations at the time of the IPO. Finally, we find that proxies for the quality of venture capitalist monitoring are positively related to post-issue operating performance.     

Human resource management and the performance of Western firms in China

The study examines the relationship between human resource management and organizational performance in sixty-two manufacturing Chinese-Western joint ventures and wholly owned subsidiaries located in different parts of the People's Republic of China. A positive relation was found between firm performance and the extent to which firms used a 'high-performance' HRM system as well as the degree to which they engaged in the integration of HRM and firm strategy.