企业应正确运用薄利多销策略

在以买方为主的竞争市场中 ,许多商品供过于求 ,企业间竞争激烈 ,为了扩大市场份额 ,企业普遍采用薄利多销策略。本文从经济学角度分析阐述薄利多销策略的概念范畴 ,在此基础上进一步讨论企业在实施薄利多销策略时的前提条件、价格空间和应用基础。     

复杂程度不同的劳动是创造价值的劳动吗?——兼论科技劳动的性质和作用

复杂程度不同的劳动并不是创造价值的抽象劳动,而是生产力特别高的具体劳动;它不属于价值源泉的问题,而属于劳动力价值生产、再生产问题。与此同时,科技劳动也不是创造高价值的劳动,而是创造高使用价值的劳动,不能以科技劳动所创造的价值为依据来确定科技和管理人员获得多少报     

人才资本价值在组织中的实现途径

文章分析了人才资本的价值特性,如不确定性高、增值性强、专用性强、外部性强等,提出并分析了人才资本与组织价值创造过程的循环闭路,阐述了组织中人才资本价值有效实现的绩效———薪酬途径和管理途径。     

施工企业效益保证体系及监控机制的建立和完善

从私营企业家族式管理的弊端出发 ,指出私营企业的发展需要引进高级经营管理人才即经理人。本文力求对私营企业经理人的激励约束机制问题进行探索 ,通过高工资、工资正常晋升、绩效奖金等经济手段和目标、信任、亲情等非经济手段来激励经理人 ,通过合同条款、制度等对经理人进     

加入WTO与中国农业的可持续性发展

推进国有企业创新 ,可通过主权主体多元化、分散化 ,高管人员、技术骨干持股 ,完善法人治理结构 ,合理企业组织设计 ,确立企业长远发展规划 ,培育企业核心能力等措施实现。     

高校教学模式改革探略

本文认为推进高校后勤社会化必须是一种基于市场的改革过程 ,只有遵循市场经济的规律才能真正实现社会化。因而文章从高等教育的大众化进程、政府的主导作用和市场消费群体的高层次发展三个方面论述了高校后勤市场的形成、培育和发展过程 ,并从企业化和市场化二个阶段描述了高     

1996区域汽车市场分析

国家信息中心对1996年我国区域汽车市场作出如下分析: 1、东、中、西三大地带:从发展趋势看,1996年东部地区市场份额略有上升,中部地区市场份额将继续缩小,西部地区市场份额比目前水平有所扩大。 东部地区由于经济发展水平高,速     

上市公司财务信息的审计风险及防范

随着人们对会计信息的相关性提出越来越高的要求,现行会计报告中固定资产的披露存在着一定的 不相关性。本文首先介绍了会计对固定资产披露的要求,然后从财务分析、价值评估、资产质量的反映等 三个角度分析固定资产披露中存在的问题,最后针对这些问题提出了几条解决措施。     

MBO:完善上市公司管理层约束与激励的新思路

个人独资企业在我国的发展并没有出现迅猛的势头 ,其主要原因是无限责任、高税赋和配套的法规不完善所致 ,个人独资企业在我国的建立意义深远 ,应采取措施 ,鼓励其发展     

工资集体协商制度形成的交易成本决定机制研究

文章从交易成本的角度考察了工资集体协商制度形成机制,认为交易成本是工资集体协商制度形成的决定性因素,尤其"风险交易成本"在其中起着举足轻重的作用。文章先分析了职工与企业就工资进行一对一协商交易成本过高,缺乏现实可行性。一般情况下,企业单方提供工资合约的行政决定     

股权分置改革中股市恐慌行为初探——基于VEC模型的实证分析

文章对股改中股市的异常波动现象,通过协整检验和构建向量误差修正模型等方法的实证分析,得出本轮股改中股价下跌的真正原因并非是大小非解禁本身,而是由解禁所引起的市场中的恐慌心理。并经进一步的分析可得,股市中恐慌的来源是机构投资者,其由此产生的规避行为进一步加剧了市场恐慌。上述现象的深层原因在于股改中对价设计的不合理。     

Product innovation with mass-production: Insufficient or excessive?

Significant product innovation often entails standardization of product characteristics and mass-production. This paper examines the market outcome and social-welfare property of product innovation involving mass-production. It is shown that the share of mass-producers has tendency to be larger than the social optimum. The equilibrium share of mass-produced products is determined by the indifference condition of the marginal customer, while the optimal share is based on the indifference condition of the average customer. Since the marginal customer's benefit of using local products is lower than the average customer's, consumers move to mass-produced products more than desired. However, if there is positive externality among consumers in using mass-produced products, the market may have multiple equilibrium and the conclusion of excessive share of mass-produced products in market equilibrium may be reversed.     

股份回购与资本市场定价偏误——基于上市公司的经验证据

通过选取2014-2021年上市公司实际进行股份回购的样本数据，实证检验了股份回购对于资本市场定价偏误的影响机制。研究发现，上市公司实施股份回购能够有效缓解资本市场定价偏误现象，其影响机制在内外部治理水平较高的企业中更显著，并且通过提高信息透明度和降低投资者异质信念水平两个渠道发挥作用。积极进行股份回购的企业在不同回购特征下均能有效缓解定价偏误，当回购股份被用于市值管理计划和股权激励计划时有效降低误定价水平。     

Monetary Policy,Market Structure and the Income Shares in the U.S

A general equilibrium model of heterogeneous capital is employed to investigate whether, how and to what extent monetary policy and market structure may have contributed to the decline of the labor share in the U.S. in recent decades. By construction the model allows monetary policy to affect the labor share through two channels, i.e. one linking the policy rate to the real interest rate and another linking the latter to the useful life of producers’ goods, whereas regarding market structure, the more competitive the economy, the higher the labor share. From its solution using U.S. data over the period 2000–2014 it emerges that the persistent reduction in the policy rate on the one hand slowed down the decline in the labor share and on the other accelerated it, because the reduction in the policy rate was accompanied by a robust upward trend in the equilibrium real rate of interest, which increased the useful life of producers’ goods. In turn, to gauge the relative strength of these two opposite effects, the equation of the labor share is estimated by means of the autoregressive distributed lag method. The results show that the adverse effect of monetary policy through the useful life of producers’ goods was more than 12 times as strong as the favorable effect of the policy rate and on this ground I conclude that the monetary policy contributed to the decline of the labor share significantly, at least since 2000. As for the market structure, it is found that even if firms had and attempted to exercise monopoly power, it would be exceedingly difficult to exploit it because the demand of consumers’ goods is significantly price elastic.     

East Asian Export Competitiveness: New Measures and Policy Implications

This paper demonstrates the remarkable competitiveness of East Asian countries in world export markets for manufactures and develops some policy implications, both for developed and other developing economies. Using constant market share analysis, applied to data for exports from three East Asian countries–Korea, China and Indonesia–to markets in the industrially advanced economies (IAEs), it shows that East Asian countries have increased their share, not merely in IAE imports, but in total IAE market sales at the expense of exporters from other countries and of domestic IAE producers.     

以制度创新推动B股市场改革

B股市场问题是我国资本市场发展过程中的一个遗留问题,B股市场问题的解决对我国资本市场的规范化和国际化发展具有重要意义。本文认为,B股市场问题根源于一系列制度缺陷与制度变迁,与A股市场并轨是解决B股问题的现实的最佳选择,在此基础上,本文就通过制度创新实现A、B股市场并轨进行了分析思考。     

1998～2008年广东国际入境旅游客源市场竞争态研究

入境旅游的游客数量及其增长率是反映一个国家和地区国际旅游发展水平的重要指标。本文将BCG Matrix模型应用于广东国际入境旅游客源市场研究中,选取市场占有率和市场增长率两个指标构建旅游市场竞争态,对1999~2008年广东省主要的入境旅游客源市场在广东国际旅游中的市场占有率和市场增长率进行分析,通过分析揭示出了广东入境游客的变化情况。最后,在此基础之上提出了相应的市场开拓策略。     

我国股权激励与企业自主创新关系检验

企业自主创新是企业转变发展模式的重要途径。而自主创新的两大核心要素就是资金与人才。对于资金需要政府与市场共同的支持。对于人才,需要考虑激励的长期性与产生效果的显著性。所以,激励方式更多地应该依靠市场。在我国市场经济深化进程中,越来越多的企业开始选择股权激励的模式促进企业发展模式的转变,尤其是上市公司,采取股权激励模式的可能性与现实性更加突出。而如何通过股权激励方式促进企业自主创新是一个关键而现实的问题。因此,文章就两者的关系进行了实证检验,结果显示资本市场对企业自主创新的激励效果尚不明显。     

A note on takeovers and the market value rule

Summary It was shown that a popular model of capital market equilibrium implies that firm share demand curves are downward sloping. From this it was inferred that the potential goal divergence between management and shareholders is not necessarily removed by the threat of takeovers. Thus, nothing short of transforming management into shareholders via the device of share options may be effective in ensuring compatible financial criteria.     

中国B股市场与A股市场并轨问题研究

本文从B股市场的设立与发展谈起,论述了B股市场随着我国资本市场的开放,其功能和作用正在逐步丧失的现实,详细分析了现在B股市场主要面临的问题,并且将A股市场与B股市场,H股市场与B股市场相比较,提出了A股市场与B股市场并轨的解决方法。