培育特色子文化是企业文化建设的重要内容

总行在2012～2014年发展战略规划中。提出要紧密围绕和服务全行发展战略，构建国际一流的金融企业文化，加强企业文化的渗透力与凝聚力。同时要求持续完善企业文化体系，提升企业文化与经营管理的融合度，稳步开展专业文化和特色文化建设，     

对建设银行企业文化建设的思考

企业文化是企业持续发展的精神支柱和动力源泉,是企业核心竞争力的重要组成部分。加强企业文化建设是建设银行提高竞争力、建设世界一流银行的必然要求。建设银行在构建充满生机与活力、体现时代特征、具有自身特色的企业文化过程中,笔者认为,要紧密结合建行发展战略和经营策略,从以下几个方面着手。     

大力培育现代企业文化 提升工商银行核心竞争力

企业文化是企业持续发展的精神支柱和动力源泉，是企业核心竞争力的重要组成部分，加强企业文化建设是我行向综合化、国际化发展进程中的必然要求。全行在构建充满生机与活力、体现时代特征、具有自身特色的企业文化过程中，要紧密结合全行发展战略和经营策略，围绕以下几个方面进行。     

试论企业文化对战略管理的影响

企业的战略管理包括五项相互联系的管理任务,即企业的愿景、企业的使命、企业的目标、企业的战略以及战略的实施。这五项任务形成一个循环体系,不断调整,以适应企业发展的需要。然而企业战略要想成功实施,一定离不开企业自身的企业文化的建设。本文主要就企业文化对企业战略管理的影响进行研究,提出一些个人见解。     

构建农发行特色企业文化做新农村建设的生力军

建设社会主义新农村这一重大战略的提出,为农发行的改革和发展提供了良好的发展平台和广阔的发展空间,给农发行赋予了繁重的历史责任,也为农发行企业文化建设提供了社会价值和终级意义。本文从构建农发行特色企业文化的必要性、农发行特色的金融企业文化以及充分发挥农发行特色企业文化作用、做新农村建设生力军三个方面进行了阐述。     

银行内部审计文化建设的误区与矫正

商业银行内审文化是企业文化建设的重要组成部分。目前,企业文化建设已摆上各家银行战略转型的重要位置．但人们对内审文化仍有不少认识误区．亟待矫正。     

建设特色文化 推进企业发展

文章通过对马鞍山港口(集团)有限责任公司企业文化建设的现状分析,提出结合企业"十二五"发展战略,建设有港口特色的精神文化、物质文化、制度文化、行为文化,将企业的理念、价值观融入到企业的管理机制和管理制度之中,才能推进企业科学发展。     

和谐企业文化分析与构建对策

文化建设是企业建设中的一项重要战略任务,文化管理是企业管理的高级形态。结合时代要求,本文运用和谐思想、自组织理论和控制理论的方法,从新的视角来认识和思考企业文化,并通过对和谐企业文化的内涵、模型、作用机制等方面的讨论,为企业文化的建设和管理提供新的视角和模型。     

企业文化建设中存在的误区及应对建议

当代企业要保持平稳和持续发展,必须开发具有自己特色的企业文化。本文通过分析企业文化建设中存在的问题,探寻加强文化建设,构建完整的企业文化体系的具体的操作步骤与方法。     

浅析加强企业文化建设提升企业经营管理

企业文化建设已经成为当前企业建设与发展的重要构成之一。良好的企业文化不仅能够促进企业凝聚力的形成,还能够更好地促进企业战略目标的实现。目前,国内大多数企业对企业文化建设已经有一定的认识,但是,对其重要性的认识较浅,并且,企业文化建设工作还处于初期阶段。本文重点探索如何有效地构建企业文化建设,促进企业经济建设发展。     

Debt and Taxes and Uncertainty

With a graduated personal tax schedule, Miller showed that there could be an equilibrium debt supply for the corporate sector as a whole. In the presence of uncertainty there is also a unique debt/equity ratio for each individual firm, and this ratio is related to the firm's operational risk characteristics. However, if firms merge and spin off in response to tax incentives, the identity of firms is ambiguous and only the corporate sector is a meaningful construct. These arguments are developed in both discrete and continuous models that employ extensions of the arbitrage-free pricing theory.     

教育与资本怎样的前景怎样的现实

来自政府的声音: "动员各种社会资源,发展教育" 此次论坛上财政部长助理张少春的发言是最受关注的发言之一.他的演讲传达出的信息有这样几方面:第一,谈到现实,他认为全社会对教育的巨大需求与我国公共投入不足已成为我国教育事业发展的突出矛盾.近年来,以公共部门投入为主,多渠道筹措教育经费的教育投入机制成为解决这一问题的重要途径,也使得公共部门与私营部门在教育领域的合作日益密切.第二,谈到前景,他认为,1.中国经济持续、快速的增长对高技能人才产生巨大的需求,这为私营部门的参与提供了广阔空间.2.随着公共财政职能的不断完善,财政资金将在各项教育事业中重新进行分配,进一步优化财政支出结构,提高资金的使用效率.在"十一五"期间,我国将把公共支出的重点转移到农村.我们将逐步把全体农村适龄儿童的义务教育全部纳入公共财政体制.     

Director gender and mergers and acquisitions

Does director gender influence CEO empire building? Does it affect the bid premium paid for target firms? Less overconfident female directors less overestimate merger gains. As a result, firms with female directors are less likely to make acquisitions and if they do, pay lower bid premia. Using acquisition bids by S&P 1500 companies during 1997–2009 we find that each additional female director is associated with 7.6% fewer bids, and each additional female director on a bidder board reduces the bid premium paid by 15.4%. Our findings support the notion that female directors help create shareholder value through their influence on acquisition decisions. We also discuss other possible interpretations of our findings.     

Political corruption and mergers and acquisitions

This research examines the relation between political corruption and mergers and acquisitions (M&As). We find that local corruption increases firm acquisitiveness but decreases firm targetiveness. The levels of corruption in acquirer areas relate positively to the bid premiums and negatively to the likelihood of deal completion. Corruption motivates acquiring firms to use excess cash for payment, which mitigates the negative effect of corruption on acquirer shareholder value. The evidence indicates that acquisitions help acquiring firms convert cash into hard-to-extract assets and relocate assets from the high to low corruption areas, thereby shielding their liquid assets from expropriation by local officials.     

East and west and north and south : A preliminary model

The Brandt report and other proposals for a new North-South world order continue to be the focus of lively debate, yet it is often argued that little concrete has emerged from their recommendations. A major reason for this, the author argues, is that the East-West conflict component is not sufficiently taken into consideration-East-West tensions are a severe constraint on and a determining factor of North-South relations. Using influence diagrams, the author develops a flexible framework for discussion and assessment of N/S-E/W relations.     

Trust and cross-border mergers and acquisitions

A number of studies suggest that social trust matters for investment. Using different measures of trust from World Values Survey, we show that countries where people display higher levels of trust engage in more cross-border M&A activities. When they do, these acquirers pay lower premiums. To the extent that these acquirers also tend to engage in larger acquisitions as well, our findings suggest that a larger selection pool of potential targets and higher value targets enable these acquirers to negotiate for lower premiums. We do not find evidence of the significant effect for target country trust levels. Hence, trust may benefit those acquiring firms in cross-border transactions.     

Tournament-based incentives and mergers and acquisitions

This research examines the relation between tournament-based incentives, which are proxied by the difference between a firm's CEO pay and the median pay of the senior managers, and mergers and acquisitions (M&As). We find that tournament-based incentives are positively related to firm acquisitiveness and acquiring firms' stock and operating performance. Further analysis indicates that positive acquisition performance increases the likelihood of the CEO being promoted from inside the acquiring firm. Our evidence is consistent with the view that tournament-based incentives motivate acquiring firms' managers to make greater efforts and take more risk that result in superior acquisition performance.     

Corporate Innovations and Mergers and Acquisitions

Using a large and unique patent‐merger data set over the period 1984 to 2006, we show that companies with large patent portfolios and low R&D expenses are acquirers, while companies with high R&D expenses and slow growth in patent output are targets. Further, technological overlap between firm pairs has a positive effect on transaction incidence, and this effect is reduced for firm pairs that overlap in product markets. We also show that acquirers with prior technological linkage to their target firms produce more patents afterwards. We conclude that synergies obtained from combining innovation capabilities are important drivers of acquisitions.