Entry and technology transfer in a Cournot model

This work studies entry and technology transfer in a Cournot model where there are two domestic firms. A foreign firm has a patent on a technological innovation that reduces the costs of all firms. The foreign firm can license the innovation to one or both domestic firms. The authors consider two standard licensing policies： （1） auction policy and （2） unit royalty policy. The foreign firm can license the innovation either by staying outside the domestic market, or it can enter the market, license the innovation and compete with the domestic firms. The authors show that （1） when the foreign firm stays outside, it is never optimal for it to use royalties, （2） if it licenses the innovation by entering the industry, then royalties could be optimal and （3） when it decides on its entry strategy by taking its optimal licensing policies into account, it always finds it optimal to enter the domestic market.     

Assessment of the immigration effect and choice of development pattern for scenic areas： a case study of Wuyi Mountain, China

Mountainous regions face a series of Conflicts betWeen the natural resources conservation and the economic development, especially in protected areas, where are the home to some of the poorest people in＇the world In China, the Protected Areas Authorities （such as Protected Areas Authorities of Wuyi Mountain） transferred the mountainous people out of the protected areas. We found that it is not a good approach of immigration project, as fal economic and ecological effect is concerned. Although remote and majestic, beauty attracted many tourists, mass tourism is not a good approach to soh,e the development problem in mountainous areas because it can not provide enough opportunites to make local people live a comfortable life, and the high volume of tourists indicates that the resources, face significant threats. Because many fandscapes,are run by Private enterprises, local residents and government only get limited benefits. Alihough ecotourism principles expatiate on economic development and resource, onservation, local people income and tourists feelings, it has discordance between the theory and the praciice Therefore. the term of ＂integrated ecotourism ＂ was coined in the paper.based on the ecotourism theory, Integrated ecotourism means a broadly tourism resources and pendulum spatial pattern which will come into being with the movement of local,people and tourists from protected areas io the nearby town or city： and it also tries to solve the property right conflict of mountain land between the local people and the private enterprises according to property right theory.     

Bar in Questionnaires

Vougiouklis ＆ Vougiouklis have proposed the replacement of Likert scales, usually used in questionnaires, with a bar. With this proposal a discrete situation is replaced by a fuzzy one. There are identified certain advantages concerning the use of the bar as compared to that of a scale during both the stages of filling-in as well as processing a questionnaire. The main advantage associated with business research requirements is the fact that it is expected to be much quicker to fill in and much easier to explain to participants. The bar provides the potential for different types of processing Likert scales cannot. Therefore the researchers are allowed to ascertain that the given answers follow not only the already suggested and used Gauss distribution but also a parabola distribution as it will be suggested in present paper, and which is expected to give the researcher the opportunity to ＂correct＂ this tendency. Therefore, a possibility of choosing amongst a number of alternatives is offered, by utilizing fuzzy logic in the same way as it has already been done in industry and combining mathematical models with multivalued operations.     

The uniform enterprise income tax reform in China

In China, the income tax of enterprise is very different between foreign funded enterprises and other domestic enterprises. It is believed that this discrimination is harmful to the entire economy. So there is a reform in the tax system to build a uniform enterprise income tax. This is a significant reform in China＇s tax system, so every decision about this have to count the cost and the benefit carefully. The author has introduced the Computable General Equilibrium （CGE） to simulate this new tax system and value its benefit and cost. There are two different models in the paper; they are of different assumptions and for different purposes. Model I is a static CGE model and model II is a Ramsey Dynamic model. The static model is mainly used for comparative static approach to examine how the tax reform will change the endogenous variables. According to the results of the model, more goods will be produced by both of the DFEs and FIEs after the tax reform in the medium and low tax effective tax rate situations. If the nominal tax rates decrease 24.24% （from 33% to 25%）, the enterprise income tax will only reduce 19.36% and the total tax revenue will only reduce 1.911%. The dynamic model will concentrate on the costs and benefits during the transition. From the results of the model, a lower tax rate will increase the level of investment, capital stock, capital prices, wage rate and also the growth rates through transition. If the capital tax rates are changed gradually, the fluctuating of transition will be smoothed a little.     

Entrenched Board in New Public Firms： An Empirical Study of Chinese IPOs

This study empirically investigates the impact of managerial entrenchment on firm financial performance of Chinese firms initial public offerings （IPOs）. Using 142 firms listed in the Shenzhen Stock Exchange （SZSE）, which was collected from the Guotaian Research Service Center （GTA-RSC） databases, this study uses two proxies to measure firm performance and three proxies to measure managerial entrenchment. The two proxies for firm performance are Tobins＇ Q and return on assets （ROA）, and the three proxies for managerial entrenchment are entrenchment 1, entrenchment 2, and entrenchment 3. These three entrenchment proxies are derived from the principal component analysis （PCA）. Though previous studies of managerial entrenchment and firm performance variables suffer from endogeneity, with respect to the corporate governance it is unclear as to which variables are endogenous and which are exogenous. This study confirms that the data are linear and no endogeneity issue should be address in this study, but only heteroskedasticity, non-normality for Tobins＇ Q are a problem, therefore, the regression method employed for Tobins＇ Q is the generalised least square （GLS） and the ordinary least square （OLS） between estimators for ROA. The regression result for Tobins＇ Q reveals that managerial entrenchment is negatively impact on firm performance. The results are in contradiction to the stewardship theory for new firms whereas the managerial entrenchment for new firms is positive. Furthermore, only one entrenchment proxy yields a significant coefficient. In conclusion, the negative results of entrenchment proxies were caused by the different institutional structures and legal systems which are the Chinese corporations that are still largely owned and controlled by a state and hence the centralised state controlled was responsible for all managerial actions.     

Capability Innovation and Competitiveness

A firm can be thought as the combination of a series of capabilities. Some key capabilities owned by a firm are untradable, unimitable and unsubstitutable. These capabilities are considered to be the core capabilities. The core capabilities determine the firm＇s comparable competitive advantages. The continuous capability inrtovation can further strengthen the firm＇s competitiveness. Resources are the foundation of the capabilities. The foundation of capability innovation depends on the investment and restructuring of resources. The core products are the carders to the firm＇s core capabilities and other capabilities to satisfy the market＇s needs. The core products are the core components of the end products. The market share of the core products is more important to a firm.     

On division management for environmental system of China： lessons from European local sustainable development

The concept of sustainable development, after being brousht forward, has become a shibboleth in the world, at national and local levels. In Europe, this concept is implemented from the local to tha nation, even to the Continent. The local sustainable development mainly consists in two factors： one is the renovating method continually invented by European Secretariot of ICLEI, and the other is that the local authorities towards sustainability are co-operated by the European Sustainable Cities and Towns Campaign. The coo-budget method is the outcome of tbese factors, For our country is a big country, on rapid progression of indastrialization and urbanization, with a large population and scarce resoarces per capita, it is practically significance to study us soon as possible the methodology. Experience from European local sustainable development may help us to resolve the handicap of departraent division in local a, tbority.     

Ecological footprint analysis on the traditional rice-fish agricultural area： a case study of Qingtian County, Zhejiang Province, China

Qingtian County of Zhejiang Province, China has maintained the traditional rice-fish agriculture for about 2,000 years and formed exceptional cultural heritage based on this kind of production mode, so it was ed by FAO as a pilot site for the rice-fish agricultural heritage systems in 2005. This research has applied the indicators of ecological footprint and biocapacity to monitor the environmental conditions of Qingtian County, aiming to find the impact that the traditional agricultural production mode and the local inhabitants lifestyle have placed on the local environmental conditions as well as the role they have played in maintaining ecological balance, cultural inheritance and regional sustainable development. Results show that Qingtian County is characterized by a nearly breakeven total ecological balance, as opposed to Zhejiang Province, the world and other agricultural regions. However, compared with another rice-fish agricultural region, Congjiang County which enjoys a considerable ecological reserve, Qingtian County has consumed a greater amount of environmental resources. Specifically, about half of the ecological footprint of Qingtian County can be attributed to the cropland （50.8%） while the CO2 area only accounts for 11.2%, which is dramatically different from that of the modern industrialized regions. And a vast of percentage of energy is caused by the combustion of fuelwood which not only requires the land to absorb the CO2 emission it has generated but also occupies the forest where it has been chopped.     

Generational management in corporate America： The differences and challenges in management of four generations of working adults

There are many differences and challenges that employers face while managing employees in the current work force. Our present day workforce is made up of a diverse group of people： Matures, also known as Veterans （age 55＋）, Baby Boomers （age 45-54）, Generation X （age 35-44） and Generation Y also known as Millennial （age 18-34）. The differences and challenges among these groups will be evident when reviewing recognition and praise, managerial styles, subordinate responses to generational leadership. Companies are stepping back and looking more holistically at how to develop programs and deploy technology that will speak to four distinct generations in the workforce （Sprague, 2008）. Each generation has their own definition of work ethic, responsibility, and performance. The best way to deal with the multi-generations is coming up with ways that make everybody feel like they are members of a team, thus helping them to learn how to develop a better way of communication than what exists between them now. If everybody is a part of a team, then they are all sharing the benefits that the other generations can bring to the table, making them a strong entity. Matures and boomers can become mentors to the X and Y＇s, and the X and Y＇s can then share and impart their knowledge of technology to the Matures and boomers. Companies in today＇s workplace must learn a better way to understand the values of the four generations, for it is very important in understanding and guiding these people in the workplace. Without this proper understanding, the guidance and alliance that managers are hoping to achieve will be even longer in the making and then one, possibly two, whole generations will be gone from the workforce and their knowledge and skill gone as well.     

A model of deep ecotourism development and its empirical study

Ecotourism requires the harmony of all factors involved in tourism system for a multilateral benefit. Based on such cognition, a concept of deep ecotourism development is put forward which includes two connotations： on the one hand, it should give prominence to the display of the eco-culture of the tourist destination and tourists＇ eco-experience, in which way the development behavior on the tourist destination and the tourists＇ behavior will be regulated; on the other hand, it implies the deep harmony among tourist entrepreneurs and tourists, the local governments and the local residents, as well as tourist activities and the ecological environment in the tourism development for the multilateral benefit of every element involved and sustainable tourism development. The common sense is that the degrees in a certain tourism destination will differ and that consequently four levels of ecotourism are divided - very shallow ecotourism, shallow ecotourism, deep ecotourism and very deep ecotourism. To move shallow ecotourism toward deep one, two models of ＂four subjects and two wings＂ and ＂connecting the two wings＂ of deep ecotourism development system are introduced to make ecotourism industry favorable to the display of eco-culture and the sustainable development of the destination community. With the two models, a case study of ecotourism development in Louguantai National Forest Park was made as a demonstration. The ultimate purpose is to build an ideal new Shangri-La.     

＂A Raft in the Stormy Sea＂： New Roles,New ＂Dresses＂ Operating in ＆ for Business Networks

This paper aims to discuss the development and functioning conditions of business networks. After recalling the main characteristics of post-fordistic environment and comparing it to a ＂stormy sea＂ （section one） of the paper focuses on the idea of networks described as ＂rafts＂ useful to firms to build their own competitive advantages. In fact, while theoretical knowledge is not so valuable because everybody can have it, practical and contextual knowledge is specific and therefore it can be defended. The development of a contextual knowledge is feasible if the firm chooses among all the possible alternatives. Subsequently in section two, it shows how fordistic principles eliminate space, reduce time, and increase the speed of communication among individuals and as entering a network has become a necessity as it allows a firm to obtain competitive advantages. The greatest benefit is the chance to share the task of creating new knowledge among different members. In section three it is discussed if navigation in the post-fordistic stormy sea could take advantage from the existence of a more certain regulation. It is necessary to underline that positive law is not a post-fordistic tool. There is no satisfactory detailed law regarding ideas, knowledge, and know-how, by now. Therefore, it is not possible to rely on a specific regulation framework to protect knowledge found on the network. In conclusion in section four, the work discusses how single organizations need to reach the ＂raft＂--which is the network--through the idea of sharing learning and distinguishing elements necessary to survive in the stormy sea post-Fordism environment. Lastly, section five would be analyzed a public institution--Milan Chamber of Commerce--which has ＂changed its dress＂ to more effectively perform its support role to firms.     

The possibilities of entering new markets for Romanian companies from wood manufacturing industries

Romania has the potential of resources, labor and real capacity to adapt to the gait of a global economic competition. But it required a long term policy and environment which could support this potential value. If not, we will risk turning into a consumer economy, consumption will not be funded on internal production and become supplier of labor services for peripheral. In the context of economic crisis, Romanian furniture retains its significant competitive advantages, including the price in export markets. The most important markets for exporters of furniture from Romania are Ukraine and Russia, markets with great potential, but affected by problems such as devaluing local currencies, and recently, imposing new duties.     

China＇s Achilles Heel： The Banking System

China＇s robust economy is bringing unprecedented growth and prosperity to the country. However, there is ample evidence to suggest that weaknesses in the banking system and the slow progress in reforming those weaknesses may cause disruption to continued economic growth. Bad loan portfolios as well as inadequate capital ratios point to the lack of proper governance and credit cultures at many banks. Unless these issues are quickly and properly addressed, the economic engine that drives the country will be at risk.     

Developing an effective industrial cluster from strawberry farms： A case of Dahu Township in Taiwan

Dahu, a small township in northern Taiwan, is famous for its produce of strawberries. Near Dahu, there are some attractions, such as hot springs, native Taiwanese tribes and a national park named Shei-pa. In order to better support more small businesses in this area, the local government is eager to promote an industrial cluster of agriculture and tourism based on the well-developed strawberry farms. In this research, the authors investigated 200 strawberry farmers to examine forming factors of the cluster, and effects of cluster on organizational performance. The findings are firstly, capital resource is regarded as the most effective forming factor of the cluster. Secondly, institutionalization, interaction mechanism and knowledge flow positively intermediate the clustering effects on organizational performance. These findings have important implications for the local government and the businesses as well.     

Cooperation Between Co-operative Business Organization and Investor Owned Firm to Stimulate Economic Growth of a Country： A Cooperative Advantage Approach

This study elaborates that the economic growth of a country depending on not only the business performance of the investor owned firms （IOFs）, but also the business surplus of the cooperative organizations （Co-ops）. The policy maker should have the level of understanding and competence to blend five different factors related to organizational structure and business model of the Co-ops and the IOFs to the five similarities factors on the managerial approach of them into one marked. The study investigated five similarities factors and included into a conceptual structural model with its six measurement models, economic growth model, general national factor model, market and industry factors model, Co-ops/IOFs opportunities/threat model, Co-ops/IOFs strength /weakness model, and lastly the Co-ops/IOFs firm dynamic/active： sales, profit, and lost model. Reliability of the six similarities measurement models was tested by the Delphi technique with a sample of 33 respondents. The study found that, apart from the six measurement models, it also has two intervening factor variables that will reduce the power and magnitude of the economic growth which will come from mismanagement of policy maker： These factors are the different in intemational culture among countries, and the global warming and natural disaster from the excess consumption and excess production. These selfish, competition and economic greedy of people will lead to economic, social, and natural disaster problems. To reduce the socioeconomic disadvantages and global disaster, board＇s committee, and Co-ops manager as well as chief executive officer （CEO） of the IOFs must have a good understanding on these five similarities factors. Appropriate management of these five similarities factors will lead the firms to reach their high managerial efficiency, customer value, firm value, and finally economic growth.     

An ecological risk assessment for heavy metals of the lead-zinc ore tailings

The structure of Pb,Zn,Cu and Cd in lead zinc ore tailing soils in Yongzhou,Hunan is analyzed by the optimized BCR sequential extraction procedure.The content and proportion of heavy metals of the mine are measured.Meanwhile,the ecological risks are evaluated with the Lars Hakanson＇s potential ecological risk exponential method.The analysis shows that the content of heavy metals is very high,reaching the level of serious pollution.The order of metal pollution degrees are Cd〉Pb〉Cu〉Zn.On the other hand,it is very possible that the heavy metals may combine together as compounds or cling to the crystal form of clay.Since the form of soluble acid and free metals are very little,it is not an easy job for metal elating or restoration of plants.Yet it is possible to take out those heavy metals adopting the chemical extraction technology.DTPA and EDTA,indicated by a research,both have iterative value and strong conformity effect.So they are effective elutriants to restore the polluted soil.A chemical extraction method is put forward in this paper.     

The contribution of resources and capabilities to the competitiveness： The case of Port of Sines

The main objective of this paper is to analyse the competitiveness of the main maritime Port sited in Portugal - Port of Sines. This paper is developed under the resource-based view approach. A literature review about the resource-based view is presented with a special highlight on the contribution of organisation owns＇ resources to the competitiveness. With this study we intend to emphasize the applicability of a management theory to a different type of organisation which only recently starts to be preoccupied with its competitiveness. A case study methodology is used in order to collect all information needed about its main resources and capabilities of Port and also its competitiveness. The resources analysed in this paper are： The infrastructures, the accessibilities, the Port operations and also the information systems used on it. Also, a set of performance data is analysed as the main indicators of competitiveness. After that, a conceptual model is presented in order to systematise the main resources and capabilities under which the competitiveness of the Port of Sines is built on.     

Discussion on the Financial Management Goal and the Investor Supervision for Enterprise

The investors and the managers are different interest entities in a firm, so there must be divergences between them in their value reference and goal selection. When a firm wants to determine its financial management goal, not all the relevant interest parties need to be considered with, but only the principal entities of them. It＇s necessary to set up the investor supervision mechanism by some certain system arrangement in order to realize the interest maximization of shareholders coinciding with the manager＇s interest maximization pursued by managers.     

The Development and Communicative Strategy of Recreational Farm Industry （RFI）： A Case Analysis of Taiwan

Farm tourism with recreational farm industry （RFI） is often considered as an economic alternative for farmers who are facing decreasing profits and might require another form of revenue. Compared with other industries, the most obvious advantage and benefit of RFI are not only economic incentives but environmental sustainability. Due to the increase in governmental income and global economic recession, RFI became an important way to broaden profit base for many governments. Recently, the successful RFI development in Taiwan is well-known. This research discussed the situation and main advantages of RFI, and mainly reviews RFI development/communicative strategies in Taiwan as a case study. This research finds the key success factors are： building the single window service scheme, development of creative value, build up the marketing routes of leisure industries scheme, improve the quality and service of recreational farming products scheme, and putting into series advertisement.     

FDI＇s Sustainability and the Sustainable Development of the Yangtze River Delta

The fast development of the Yangtze River Delta of China is closely related to the dense inflows of FDI. The clustering of the foreign capital in this region has brought new projects, technology and business skills, which have given a strong impetus to the fast development of the regional economy and the upgrading of the economic structure. But the sustainability of FDI and its long-term influence have drawn a lot of attention. It is also a problem whether the slow-down of the FDI inflows or its flight will bring negative effect on the sustainable economic development of the Yangtze River Delta. In this paper, we will prove that the inflows of FDI are stable to some degree. It is unlikely that there will be a drastic large-scale FDI flight, so the so-called ＂migratory bird economy＂ will not occur. But the sustainable economic development in the Yangtze River Delta will depend on the continuity of the policies to attract FDI. What should be done includes the policy to promote the accumulation and circulation of the international capital to promote the sustainable development of the regional economy and market.