中法合营王朝葡萄酿酒有限公司

Established in 1980, Sino-French Joint-Venture Dynasty Winery Ltd. the second Chinese-foreign joint venture ever set up in China and also the first one in Tianjin. The foreign investors are France Remy Asia-Pacific Co., Ltd. and Hong Kong International Trade and Technology Investigation Organization. The company has imported international advanced winery production lines and techniques, and owns international famous winery grapes planting base     

TRANSMISSION OF CONDITIONAL STOCK RETURN VOLATILITY ACROSS NORTH AMERICAN MARKETS: Evidence from Pre- and Post-NAFTA

There has been considerable interest in whether stock market volatility is predictable and the extent to which cross-market relationships exist. This article examines the transmission of conditional stock price return volatility across the U.S., Canadian, and Mexican markets. Using daily data over the period 6/2/92-10/28/99 we provide empirical evidence on the extent to which cross-market relationships exist in the pre- and post-NAFTA periods.     

World market integration through the lens of foreign direct investors

This paper is motivated by the unparalleled increase in foreign direct investment to emerging market economies of the last 25 years. Using a large cross-country time-series data set, we evaluate the dependence of foreign direct investment on global factors, or worldwide sources of risk (i.e., factors that drive foreign direct investment across several countries). We construct a globalization measure that equals the share of explained variation in direct investment attributable to global factors. We show that our globalization measure has increased steadily for developing and developed countries. For the full sample of countries, the globalization measure rose by over 10-fold from 1985 to 1999. Furthermore, in recent years, developing countries' exposure to global factors has approached that of developed countries. Finally, our globalization measure correlates strongly with measures of capital market liberalization, supporting our hypothesis that increased market integration leads to a greater role for worldwide sources of risk. We discuss the implications of our results for public policies regarding capital market liberalization and policies directed at attracting foreign investment.     

湖北永惠食品有限公司成长的心路历程

论述了湖北永惠食品有限公司依靠自主创新和科技进步,经过多年的艰苦创业,发展成为有一定知名度食品企业的创业历程,并结合国内食品加工业市场需求,对其产业未来发展作出了美好展望。     

The impact of customer-generated evaluation information on sales in online platform-based markets

As the online platform-based market expands, research into the impact of consumer-accessible information in this market on performance has received significant attention in recent years. In this study, we focus on customer-generated evaluation information (CGEI). The purpose of this study is to demonstrate the effect of CGEI—both quantitative (i.e., star rating, star rating volume) and qualitative (i.e., customer review content) aspects—on actual sales in an online platform-based market. We analyze the regression of quantitative GCEI on sales and for qualitative GCEI we apply the Latent Dirichlet Allocation (LDA) topic modeling. We discover that star ratings do not always lead to increased sales, implying that star ratings and sales have an inverted U-shaped relationship. Furthermore, the results demonstrate that star rating volume has a positive effect on sales. We reveal that the review contents of product quality and added value have a positive effect on sales, whereas those of seller service have no effect on sales. This study provides some insight into how customer-generated information can increase actual sales in online platform-based markets.     

Market orientation: Review, refinement, and roadmap

Over the past ten years, significant progress has been made in the market orientation area. Scholarly attention has focused on the definition, measurement, and impact of a market orientation. Attention has also focused on organizational drivers of market orientation and its enhancement. Despite progress, several research challenges remain and rich opportunities exist for further work in the area. This paper critically reviews the state-of-the-art and offers a roadmap for future work in the area. The review primarily focuses on (1) the meaning of market orientation, (2) its relationship with several emerging topics/themes in the literature (e.g., market information processing, organizational learning, knowledge use, industry foresight and driving markets), (3) the quality of market-oriented behaviors, (4) impact of market orientation, and (5) issues in enhancing market orientation. We conclude with a conceptual synthesis and methodological suggestions.     

我国工业制成品出口的本地市场效应研究——基于1996-2009年分行业的面板数据

就本地市场效应对出口贸易的解释力、本地市场效应的行业特征,贸易自由化对本地市场效应的影响三个方面,利用1996-2009年我国分行业的面板数据对本地市场规模与国际贸易的关系进行了实证研究。研究结果表明,现阶段国内市场规模对制造业一般贸易、加工贸易均有显著正向影响;分行业类型的回归结果显示,本地市场效应发挥作用的强度在不同行业间存在明显差异。另外,随着贸易自由化的推进,具有资本、技术密集型特征的行业呈现"放大"的本地市场效应。最后在上述分析的基础上提出了相关建议。     

Purpose and object of anti-consumption

A counter movement of anti-consumption runs from the very beginning of mass-consumption societies. Four distinct types of anti-consumers, simplifiers, global impact consumers, market activists, and anti-loyal consumers, have emerged in recent years. The primary focus of anti-consumption research has been on market activists and anti-loyal consumers. This article focuses on the other two groups (i.e., the simplifiers and global impact consumers). The authors address the need for scale development to measure the general anti-consumption attitudes of these two groups. The goal is to improve the ability to identify anti-consumption attitudes and to gain a better understanding of how anti-consumption relates to other key constructs such as self-consciousness, self-actualization, and assertiveness.     

鲁伟鼎 长袖善舞的资本高手

在万向集团,父亲鲁冠球坐的是VOLVO——全球安全系数最高的轿车。儿子鲁伟鼎选择的是讲求速度与驾驶快感的BMW。车如其人。在经营操作中,鲁伟鼎讲速度、有闯劲,冲在第一线;鲁冠球则经常往后拉一拉,严格地掌控着企业的安全系数。     

网络零售商与传统零售商自有品牌战略及成长路径比较研究

近年来,我国网络零售取得惊人的发展;与此同时,网络零售商也成为自有品牌战略实施的生力军。由于经营模式、资源条件等方面的不同,网络零售商的自有品牌战略实践与超市、百货等传统零售商存在一定的差异,体现在自有品牌目标市场选择、市场定位、商品组合设计、商品开发、宣传推广等方面。网络零售商选择的自有品牌成长路径大都属于产品研发能力主导型,自有品牌市场定位以高性价比和时尚创新为主,商品组合具有“宽而深”或“窄而深”特点。     

跨越三个世纪的中国全聚德（集团）股份有限公司

中华著名老字号“全聚德”，始建于1864年（清同治三年），迄今已跨越了三个世纪。140多年来，历经几次重大的历史变革，“全聚德”获得了长足的发展。     

Religion, Opportunism, and International Market Entry Via Non-Equity Alliances or Joint Ventures

One challenge that globalization has brought to business is that firms, as they expand their market globally through cross-border alliances, need to deal with partner firms from countries of different religious background. The impact of a country’s dominant religion on its firms’ international market entry mode choices has not been examined in traditional approaches. Focusing on hypothesizing the influence of Christian beliefs and atheism (i.e., the absence of belief in any deities), this research aims to fill the gap by exploring religion’s role in providing moral restraint on managers’ propensity for opportunism, which in turn affects these managers’ choices of their firms’ international market entry via non-equity alliances or joint ventures. A study of 22,156 cross-border alliances formed in 48 industries world-wide over 9 years provides new insight toward understanding religion’s influence on firms’ international market entry mode decisions through the ethical dimension of strategic leadership. This article would fit best under the International Management section for reviewing purposes.     

The evolution of financial reporting quality for companies listed on the Tadawul Stock Exchange in Saudi Arabia: New emerging markets' evidence

Motivated by the Saudi Arabian government's objective to diversify its economy away from oil and correct deficiencies associated with the Saudi stock market crash of 2006, a series of significant capital market infrastructure reforms were initiated that began with the 2007 reorganization of the Tadawul Stock Exchange (TSE) and the Capital Market Authority (CMA) as its sole regulator. This paper adds to the growing body of emerging market literature by providing new evidence of the effects of these initiatives on earnings quality for firms listed on the TSE. The results of tests of this study provide robust evidence that earnings quality increased during the 2007 to 2018 reform period. In particular, we document that relative to pre – reform years, reform period R squares, earnings response coefficients (ERCs) increased and discretionary accruals decreased. We rationalize these findings by asserting that improved regulatory oversight in juxtaposition with significant reform period investments into Saudi Arabia's capital markets infrastructure enhanced earnings quality (Jiambalvo et al., 2002; Latif et al., 2017; Zhong et al., 2017).     

论汉代辞赋“诗源观”的形成及其原因

汉代辞赋“诗源观”的确立经历了在“讽谏”功能上比附于《诗》到用论《诗》的标准评论辞赋，再到“赋者，古诗之流也”的提出这样一个历程。究其原因，首先是汉代从帝王到士人的好赋风气需要寻求一个舍符儒家思想的理由；其次，汉代政治思想的大一统，儒家正统思想的确立为辞赋提供了《诗》之“讽谏”论；最后，作赋者身份由言语侍从向儒家学者的转变也使辞赋“诗源观”的确立具有一种自觉性。在“诗源观”确立的同时，更符合辞赋自身特点的娱情说也依然存在。然而从辞赋发展史来看，“诗源观”并非客观之论。     

Market orientation, competitive advantage, and performance: A demand-based perspective

This study assesses how customer value affects a firm's market orientation and consequently, competitive advantage and organizational performance in a service industry — the global hotel industry. The findings show that if a firm perceives its customers as valuing service, the firm is more likely to adopt both a customer and a competitor orientation; if the firm thinks its customers are price sensitive, the firm tends to develop a competitor orientation. Moreover, the greater a firm's customer orientation, the more the firm is able to develop a competitive advantage based on innovation and market differentiation. In contrast, a competitor orientation has a negative effect on a firm's market differentiation advantage. Finally, innovation and market differentiation advantages lead to greater market performance (e.g., perceived quality, customer satisfaction) and in turn, higher financial performance (e.g., profit, market share).     

On Closeness to the Customer in Industrial Markets

ABSTRACT

Recent years have witnessed a resurgence of academic and practitioner interest in the way companies interact with their customers. While there has been considerable scientific progress in the understanding of market orientation and buyer-seller relationships, limited attention has been given to the concept of closeness to the customer. Specifically, there has been no valid measure of the construct as a whole. This paper reports the development of a valid 28-item measure (called CLOSCUS) for assessing industrial firms' closeness to the customer. The development of the scale is based on a literature review, field interviews as well as statistical analyses of two independent samples from different sides of the buyer-seller dyad. Results indicate that seven factors underlie the 28 items. These are related to product, service, and process quality (two factors), flexibility in dealing with customers (one factor), and the way of interacting with customers (four factors), respectively. Based on the CLOSCUS scale, closeness to the customer is shown to impact on a customer's commitment, trust, and satisfaction. It is also demonstrated that closeness to the customer is both conceptually and empirically distinct from market orientation which contradicts some marketing researchers' prior statements. The paper concludes with some experiences from applications of the scale in a number of German companies.     

Healthy Food at Work? An Examination of a Proposed Catering Service Concept

The U. S. catering industry has experienced tremendous growth in recent years. A major trend in the overall foodservices industry involves the healthy eating movement among consumers. Along with restaurants and foodservice contractors, caterers are responding to growing consumer demand for healthier fare. While caterers serve various target markets (e.g., event organizers, charities, civic groups, individuals), there is a need to research the viability of providing healthy food to the business market. A service concept test among decision makers at 36 companies is used here to provide an evaluation of a proposed catering service specializing in healthy food that would serve local businesses. The findings indicate that the healthy eating movement does extend to today's workplace. Overall, respondents are favorably disposed to the proposed service. Indeed, businesses appear to be a promising target market for caterers offering healthy food.     

Entrepreneurial proclivity: its environmental conditions and growth consequences

To contribute to the entrepreneurial marketing (EM) literature, this study investigates how business unit growth relates to environmental risks and rewards (i.e., environmental dynamism and market growth rate) and three facets of entrepreneurial proclivity (i.e., innovativeness, risk-taking, and proactiveness). The authors find that perceived environmental dynamism has a direct and positive influence on strategic business units' innovativeness and proactiveness. Moreover, this study explores the interplay between the risk and reward facets of the market environment and reveals that firms are most likely to adopt EM strategies in a high-growth, highly dynamic business environment. The results also show that whereas the industry growth rate promotes a firm's market expansion, but not market sustention, the firm's innovativeness and proactiveness positively influence both market expansion and sustention.     

Songshan-the Central MT, Essense of Chinese Culture

Songshan Mt. Is one of the five holy mountains in China. In ancient time it was named Waifang Mt.,Chonggao Mt., Yueshan Mt. AND Songshan Mt. Etc.. It was decided to be the central mountain in the Han Dynasty.     

Market Reactions to Corporate Environmental Performance Related Events: A Meta-analytic Consolidation of the Empirical Evidence

Research on the relationship between corporate environmental performance (CEP) and corporate financial performance (CFP) has consistently grown and is gaining widespread attention. Given the vast body of CEP–CFP studies, recently scholars have begun to take stock of the cumulative results. However, no study so far has meta-analyzed the findings yielded by event studies assessing the stock market reactions to corporate environmental performance-related events (CEP-related events). This paper sets out to close this gap by synthesizing previous empirical results regarding the stock market impact of positive and negative CEP-related events. Results indicate a positive relationship across studies in terms of positive market reactions to positive events and negative reactions to negative events. Furthermore, the findings show that the market reactions are stronger for negative events than for positive events (i.e., asymmetry in the stock market reaction). Finally, this study examines whether methodological artifacts (i.e., differences in the study designs) may explain the differences in the findings of the analyzed event studies.