川中大峡谷地质旅游资源调查与评价研究

“5．12”汶川特大地震以来,四川旅游资源遭受了巨大的破坏与损失,震后旅游资源的保护和开发成了研究热点。本文基于旅游地质资源调查与评价,分析研究了川中大峡谷的形成原因、景观价值,采用定性与定量相结合的方法对川中大峡谷主要的旅游地质资源进行科学的评价,为促进当地的旅游发展做出了引导。     

我国ASP新型运营模式探讨及案例分析

如何在我国成功地实施ASP模式,带动更多的中小企业实现信息化一直是当前我国政府与IT供应商关注的重点.本文通过对ASP内涵的分析,提出了ASP运营需要有多方参与的基本模型,并通过上海某ASP中心运营模式成功变迁过程的分析,具体探讨一个新型的ASP运营模式,并且在案例分析的基础上总结了我国ASP运营模式取得成功的关键要素.     

“冬播”之道 低迷时期的创新

商业历史上,很多伟大的创新者都是在经济低迷的蛰伏期潜心研发,当经济复苏之时,它们便可以抓住巨大的增长机会。许多在20世纪成为创新先驱的新技术企业都是在大萧条时期从小企业起步的,如惠普、宝丽来和杜邦,一个重要的原     

The 70th Anniversary of the Founding of the PRC: A Grand Ceremony Showing Great Pageantry

The year 2019 marks the 70th anniversary of the founding of the People’s Republic of China,and grand national celebrations attracted the world’s attention.Chinese President Xi Jinping said that the celebration of the 70th anniversary is a grandiose show of Chinese strength and shows China thriving throughout the worlds’changes from the past 100 years.This big celebration shows to the world China’s great progress towards new achievements,and the united power of the 1.4 billion Chinese people.     

阳光银行小额信贷模式:基于外部性理论的分析

本文以阳光银行为例,从经济学角度探讨了小额信贷外部性影响的解决途径。阳光银行对发展中国家小额信贷发展具有极强的示范效应：小额信贷机构只要设计有效降低贷款成本和控制小额信贷风险的机制,诱导更多借款人进入小额信贷市场,最终就可以实现小额信贷市场私人成本与社会成本的一致,提供社会理想状态下的小额信贷供给。     

A Career Approach to Entrepreneurship: The Case of Thomas B. Thrige

Thomas B. Thrige was one of the most successful Danish manufacturers of all time. If there are entrepreneurs in the Schumpeterian sense behind the growth of the Danish economy, he certainly looks like one of them. This article gives a brief survey of Thrige's professional life and of his contribution to industrialisation in Denmark. His case is discussed in relation to debates about entrepreneurship.     

The Transition to E-Commerce: A Case Study of a Rural-Based Travel Agency

ABSTRACT

When the Internet started to establish itself in the corporate world, some observers foresaw a diminishing role for, if not the end to, many intermediary functions. Consequently it has been argued that suppliers will need to use the Internet and related technologies to cut costs and establish closer links with consumers by bypassing organizations that currently play an intermediary role in the traditional transaction system. The objective of this case study is to enhance the understanding of the process of transition from a traditional business model to an e-commerce model. It focuses on a very small business that has successfully navigated the transition to e-commerce.     

The Changing Rewards to Science: The Case of Biotechnology

Little is known about the form and or magnitude of compensation provided university-based scientists working on firm R&D. This is unfortunate, given the important role that university-based scientists play in R&D, and the growing literature concerning compensation and innovation. This paper sheds some light on these issues by examining the compensation of university-based scientists involved with 52 biotech firms that made an initial public offering between March of 1990 and November of 1992. Although the stock holdings of the university scientists are of particular interest, additional forms of compensation received by the scientists are also examined.We find that approximately 10 percent of the university-based scientists affiliated with these companies hold sufficient options or stock to require disclosure at the time of the public offering. A far larger proportion has an equity position in the firm. In many instances the scientists also receive consulting fees or salary from the firm and enter into licensing agreements with the firm. In addition to providing information concerning the compensation of university-based scientists, the empirical work suggests that the rewards to science can be significantly greater than previous work would suggest.     

A Sorting Model for Group Decision Making: A Case Study of Water Losses in Brazil

Many water supply systems in Brazil have serious problems related to the high index of water losses, which provokes financial and environmental impacts. This is an immediate consequence of an inadequate maintenance plan, allied to natural and budgetary constraints. In addition, in these types of problems it is commonplace to consider the opinions of many managers, such as those from the operational, environmental and financial sectors of Water Companies. In view of this, a sorting multicriteria model to support group decision making is developed. We proposed an approach which sorts the areas of the system which are located in critical zones of water losses into categories, and which takes into account different points of view and considers uncertainty in criteria weights by using only ordinal information, so as to make it viable to manage the maintenance plan and to use the scant financial resources more efficiently. The SMAA-TRI method is used to tackle the group sorting problematic by categorizing the network into zones where losses are intense and thus to focus the managers’ effort on the most critical regions. A case study in Brazil is presented to demonstrate the efficiency of the approach proposed.     

业态创新改变市场竞争格局--以我国家用电器市场为例

家用电器流通渠道的变化,从一个侧面集中反映了我国零售市场创新与变革的主要特点.本文从零售业态创新与连锁经营方式相结合的角度,分析和揭示了我国大型家电零售企业快速发展的动因、发展特点、趋势及其对市场竞争格局的改变.     

Giving Advice to Government: The Case of Russia

The Russian government is currently inundated with advice from international agencies but such advice should be offered cautiously. Evidence gathered by a recent United Nations Mission to Russia suggests that Western experts are giving insufficient consideration to the inter-relationship between economic and social problems; that the constraints of Russia's historial position cannot be overlooked; that social policies must re-inforce economic reform; and that there is a compelling case for gradual privatisation if mass unemployment is to be avoided. The priority now is to move from what is to be done to how it is to be done.     

A Dynamic Investment Model with Control on the Portfolio's Worst Case Outcome

This paper considers a portfolio problem with control on downside losses. Incorporating the worst-case portfolio outcome in the objective function, the optimal policy is equivalent to the hedging portfolio of a European option on a dynamic mutual fund that can be replicated by market primary assets. Applying the Black-Scholes formula, a closed-form solution is obtained when the utility function is HARA and asset prices follow a multivariate geometric Brownian motion. The analysis provides a useful method of converting an investment problem to an option pricing model.     

金融自由化风险向金融危机转化的可能性分析

本文认为,发展中国家的金融自由化在提高金融机构效率和赢利的同时,会带来许多新的风险,而且在一定条件下有可能导致金融危机。金融自由化带来的乐观预期和大量国外私人资本的内流会使汇率高估,极易遭受投机的攻击。从带来风险到最终引发金融危机,主要有三个风险阶段,即违约风险阶段、到期不能偿还风险阶段和汇率风险阶段。当金融自由化(如利率自由化、金融业务与机构准入自由化和资本账户自由化)带来的新的风险累积到风险临界值时,在受到国内突发事件、国际金融市场波动和投机资本攻击的情况下,金融自由化风险便会向金融危机演变。     

电子商务案例分析模型的改进探研

电子商务成功案例的不断涌现,使得越来越多的企业开始关注电子商务,那么如何借鉴那些成功或者失败的电子商务案例的经验和教训,势必需要一个科学的、规范的电子商务案例分析模型。在原有的电子商务案例分析模型的基础上进行研究,提出了改进的分析模型和分析内容。     

The Born-Global Phenomenon: A Comparative Case Study Research

This qualitative, case-based research investigates the most relevant traits shown by several new, export-involved born-global firms and their entrepreneurs-managers versus other more traditional and also recently-established exporting SMEs in a specific geographic region inside Spain. More concretely, we aim to shed light on the type of factors and specific conditions underlying the emergence and further expansion of born-global exporters, as compared to other counterparts, which do not share their rapid internationalising character from inception. From our cross-comparison of four firm cases investigated in this setting against a number of factors generally associated with the born-global or gradual internationalisation paths, our results indicate that both constitute two consistent and distinctive patterns of international development. Another relevant finding in this research is that born globals seem indeed to be more entrepreneurial regarding their export entry behaviour into foreign markets than gradual exporters. Relevant academic, managerial, and policy-making implications are also outlined from these results.     

The Empirical Assessment of Corporate Ethics: A Case Study

Empirical analyses of the ethics of corporations with the aim to improve the state of corporate ethics are rare. This paper develops an integrated, normative model of corporate ethics by conceptualizing the ethical quality of organizations and by relating this contextual quality to various expressions of immoral behavior. This so-called Ethics Qualities Model for organizations, which contains 21 ethical qualities, allows one to assess the ethical content of institutional groups of individuals. A proper conceptualization is highly relevant both for the empirical corroboration of business ethics theories and for managerial purposes, such as judging individual and group performance or informing external stakeholders. The empirical applicability of the model is illustrated by an explorative case study of a large, globally operating financial institution. This case-study demonstrates that the corporate ethical qualities differ with respect to their perceived optimality as well as to their estimated impact on (un)ethical conduct. The various results provide managers with many clues to understand their organization and to take effective measures to improve the ethical content of their organization.     

论中国承接离岸服务外包的文化适应性问题

服务外包属于人才智力密集型产业,具有技术承载量大、附加价值高、资源消耗低、环境污染小、吸纳就业多等特点,是中国提升产业结构体系和转变经济发展方式的重要手段.但目前中国企业文化适应性较差,严重制约了我国在国际离岸服务外包市场上进一步扩大承接规模、提高服务质量、提升外包层次,应通过合理引进国外专门人才和全面提升国内员工素质,提高服务外包的国际竞争力.     

A Probability Based Approach to Estimating Cost of Capital for Small Business

While discount rates of listed companies can be readily estimated using "betas" and the Capital Asset Pricing Model, the same is not true for small business. Entrepreneurs often have to rely on subjective assessments of the financial viability of their business ventures. This paper suggests an alternative to estimate the costs of capital for small businesses. Costs of capital are derived from the probability of success for similar business. These required rates of return can be used as minimum hurdle rates to assess the viability and profitability of the business under consideration. Since risk neutrality is assumed of investors in this approach, the costs of capital established should only be regarded as minimum returns required by risk-averse investors. Therefore, this suggested approach attempts to provide a refined "rule-of-thumb" which may be of value to small business entrepreneurs and financiers, especially when detailed accounting and financial data of similar business are not readily available.