Merger as a Trigger for Cultural Change in the Retail Financial Services Sector

As providers of financial services aim to reduce costs and satisfy increasingly articulate customers, growth through acquisition or merger appears to provide them with the means to achieve these objectives. A significant aspect of merger is the legacy of cultural integration and the literature is replete with examples of mergers where cultural matters have been poorly managed. This paper argues that merging institutions may find that by matching cultural developments to the dynamics of the environment, significant competitive advantage can be gained. Far from creating dysfunctional turbulence, merger activity might instead provide the necessary trigger to stimulate cultural change.Financial service providers and other merging institutions are advised to extend their horizons beyond achieving, smooth integration to instilling a culture more in tune with the dynamics of the marketplace.     

Structural change in OECD comparative advantage

In the post-war period, the goods composition of trade in Organisation for Economic Cooperation and Development (OECD) countries has changed considerably. We analyze the evolution of comparative advantage using a detailed trade data set and a new analytical tool: the Harmonic Mass index (HM index), which enables us to identify periods of structural change. We then discuss which forces may be responsible for the main structural changes, which primarily took place in many OECD countries in the mid 1980s. The advantage of the HM analysis is that it indicates when structural breaks occur in history.     

Persistence and Change at the Top of the IT Sector

We use the DATAMATION index of the top 50 domestic IT companies (1975–1995) to track persistence and change at the top of the sector. The trends that we uncover are increasing instability, rejuvenation (declining average age of entrants coupled with increasing average age of quitters), democratization (diminishing revenue inequality at the top) and growing supply‐side intertwining of sub‐sectors and industries within IT due to diversification by long‐term survivors.     

The Externalisation of Producer Services Debate: The UK Computer Services Sector

This article uses a variety of evidence from the UK computer services industry to inform debates surrounding externalisation processes and the nature of growth in contemporary producer service sectors. While it has been argued that growth in such industries is predominantly demand-lead and independent from the disintegration of businesses in client sectors, in the computer services sector the direct transfer of activity from client firms to independent computer service providers is an increasingly important component of growth at an aggregate, national scale. Growth in this segment is being fuelled by the de-regulation of public sector IT procurenment in the UK.     

The Cultural Impact of Workflow Management Systems in the Financial Services Sector

The implementation of information systems is increasingly resulting in significant changes to the host organisation's culture. In particular, the workflow management system (WFMS) is one new technology that, because of its tendency to have a direct impact on the organisation and execution of work, has the potential to significantly modify an organisation's culture. This qualitative research investigates the nature of the relationship between WFMS and organisational culture, in the UK financial services sector. The research concludes that WFMS have the potential to modify culture in a positive way by improving the organisations' customer orientation, flexibility and quality focus.     

Transferring Product Positioning Strategy to the Professional Services Market Sector

No abstract available for this article.     

服务业跨国公司在华直接投资的经济效应分析

随着中国加入WTO后服务业市场的进一步开放,近几年服务业正成为我国吸引外商直接投资的重点领域.文章重点研究服务业跨国公司在华投资的经济效应,通过分析服务业跨国公司在华投资对我国服务业内部结构的影响,以及服务业跨国公司在华投资的产业价值链效应、就业效应及对我国出口竞争力的影响,得出我国必须有步骤地开放国内市场,健全体制,才能更好地承接服务业国际转移,发展我国服务业.     

中国与OECD国家服务贸易成本动态演变的研究

文章借助Novy(2006)改进的引力模型测度2000～2008年中国与OECD国家的双边服务贸易成本。从测算的结果来看,中国与OECD国家的双边服务贸易成本在总体上经历了平缓下降的过程。绝大部分OECD国家与中国的双边服务贸易成本呈现了不同程度的下降趋势,与此同时部分国家的服务贸易成本却基本保持不变甚至略有上升。文章利用随机效应模型,从实证研究的角度对服务贸易成本进行分解,进而探讨了影响双边服务贸易成本的各种影响因素,最后揭示了研究的政策性涵义。     

Significant Change Among Senior Officials in China's Banking Sector

Inearly2000,therewasasignificantchangeamongseniorofficialsinChina'sfinancialsystem.SomeanalystspointoutthatthisisanimportantarrangementforWTOentry,andsimultaneouslyitexpressestheCentralGovernment'sdissatisfactionwiththecurrentstateofthefinancialsystem.OnFebruary17,2000,theCentralGovernmentmadeadecisiontoconductareshuffleoftopleadersamongtheChinaSecuritiesRegulatoryCommission(CSRC),fourstatecommercialbanks,theagriculturalDevelopmentBankofChina(ADBC)andthePeople'sBankofChina(theCentra…     

中国服务业在全球产业支撑体系中的地位及其影响因素

本文利用Eora MRIO数据库中全球180个国家(或地区)25个行业的投入产出数据,从社会网络视角分析中国服务业在全球产业支撑体系中的地位,并对其影响因素进行探讨.结果 显示:(1)中国服务业整体发展不平衡,各行业与其他国家-产业强支撑和强被支撑关系的广度和深度不断提升;部分行业在全球产业支撑体系的依赖度较高,并且依赖程度呈现不断上升趋势;(2)中国服务业在全球产业支撑体系中的影响力较大,并且服务业细分行业对其他国家支撑作用的影响力明显高于受到其他国家产业支撑的情形;(3)伙伴国的经济规模、产业相对产出水平、产业关联程度、边界相邻、共同语言等因素是中国服务业在国际市场发展的重要驱动因素.     

Employment and Skills in Financial Services: A Comparison Of Banks and Insurance Companies in Five OECD Countries

Throughout the 1960s and 1970s, financial services remained among the fastest growing sectors in most OECD countries. Since the early 1980s however, the pace of employment growth in financial services has slowed in several countries. In a few of them, such as France, there even have been warnings by industry executives of subsranrial employment losses in the years ahead as result of both market saturation and large productivity increases due to the widespread diffusion of computerised technologies [Le Monde, 1986]. A study recently completed by the authors for the OECD's Centre for Educational Research and Innovation (19871 arrives a conclusions that are at once more optimistic and more complex.     

双边服务贸易成本测度及服务贸易增长分解——来自中国与21个OECD国家的面板数据分析

借鉴贸易成本的测算方法,运用最新数据库对中国与OECD国家2000～2016年双边服务贸易成本进行测度,结果显示:中国服务贸易成本基本呈下降趋势,尤其是2007年之前下降趋势较明显,得益于《中国服务贸易具体承诺减让表》中市场准入承诺多以6年为限;2007年之后由于减让承诺边际效应的递减和金融危机导致了服务贸易成本小幅上升。对各贸易伙伴国的分组研究发现:距离越远、收入越低的国家与中国的服务贸易成本越高,替代弹性的差异对双边服务贸易成本的变化趋势没有影响。根据模型进行分解的结果表明,产出因素和贸易成本因素是中国与OECD国家双边服务贸易的主要推助力。为降低服务贸易成本,中国应加大对新兴服务业的投资力度,构建跨境服务产业链。     

生产性服务业与制造业关系的结构分析

在研究生产性服务业和制造业相互关系时,现有文献集中在整体性分析上,分析的对象也大多是一个国家。本文尝试以一个区域为例,重点对生产性服务业和制造业相互关系进行结构性分析。结果显示人才流、资金流、知识和信息流、物流等不同类别生产性服务业的发展对制造业的影响存在很大的差异;生产性服务业对不同要素密集型制造业的影响程度也明显不同。因此,只有以制造业为基础并与制造业联动,有针对性地推行各种类型生产性服务业发展的经济政策才是切实可行的。     

我国外贸政策对黑龙江省服务业及服务贸易的影响

自20世纪70年代后期我国实行对外开放政策以来,尤其是加入WTO之后,我国服务业开放程度逐步提高,并取得了长足的发展。作为东北老工业基地之一的黑龙江省,更应该抓住服务业对外开放的契机,积极调整产业结构、大力发展服务业及服务贸易。本文利用《中国入世议定书》中《服务具体承诺表》对市场准入、地域限制等的具体承诺,分析其对黑龙江省服务业及服务贸易发展的影响,并提出相应对策。     

国际经济秩序演变与百年未有之大变局

当前世界正经历"百年未有之大变局",保护主义、单边主义政策日趋成为西方国家的主要选项,加之新冠肺炎疫情的冲击,给未来世界经济带来诸多不稳定与不确定性。在世界格局发展的重要历史拐点,延续中国经济发展的良好势头,成功应对"百年变局"的挑战意味着我们仍然处于历史发展的机遇期。回归经济基础层面,从国际经济秩序演变的视角来把握"百年变局"是根本。"战争悖论"使得过去的"百年变局"由资本主义殖民体系转向新的国际经济秩序,未来的百年之变一定意味着对现有国际经济秩序的调整和完善。因此,对现行国际经济秩序运行、变化、走势及矛盾的判断是关于世界经济未来的最根本问题。     

流通革命与我国流通产业的结构变动

本文根据流通革命的历史与逻辑,分析中国流通革命的必然性及特殊性,并在此基础上分析流通革命中的流通主导结构、市场空间结构、流通行业结构、企业产权结构、市场竞争结构、经营业态结构、流通外向结构、流通技术结构等问题.     

Economic Change,Subjective Perception and Institutional Evolution

Following Hayek's intuitions on the role of subjective perception in economics, I attempt to integrate path‐dependent dynamics in evolutionary economics, as emerging in the recent theorizing about economic change. The starting point is an open question in evolutionary economics: is there a unifying principle which characterizes change at individual, organizational and institutional levels? In the attempt to answer this question, I propose some considerations on the nature of learning processes and on the mechanisms of adjustment, discovery and selection that are consistent with cognitive psychology and contemporary neurobiology. In particular, I link imperfect perception to guided variations, like those contained in Dosi's technological paradigms. More generally, I attempt to integrate the evolutionary theory as conceived by Nelson and Winter with the evolutionary theory as conceived by Hayek.