关于中小企业发展问题的思考

本文介绍了跨国公司全球竞争优势中重要构成要素———共同管理经济性优势这一概念 ;从跨国公司共同管理活动的经济性和成本两个方面讨论了共同管理经济对跨国公司全球竞争优势的特殊意义 ,进而提出了共同管理有效边界的问题 ,并由此重点探讨了跨国公司实现共同管理边界最优化     

回应知识经济时代的召唤

风险投资活动中广泛存在着双重代理关系 ,因此风险投资项目监控必须从两个方面入手 ,一是风险投资家对风险企业的监控 ,二是风险资本所有者对风险投资机构的监控。本文比较分析了国内外监控模式 ,建议在我国风险投资公司中推广积极干预型的监控模式 ,并提出了构建我国风险投资     

试论市场经济条件下的企业财务管理

财务管理是企业组织财务活动,处理与各方面财务关系的一种主要经济管理活动。中国加入WTO后财务管理面对着新的形势,财务管理的作用显得越来越重要。因此,需要强化企业的财务管理,达到全面提升企业竞争能力的目的。     

网络经济下的企业组织

本文从企业经营管理全过程系统地阐述了发挥调研作用的三个途径：培养营销人才、制作营销方 案、创建信息系统。然后,通过调研公司与企业自身实施调查活动各具优劣的比较,提出了企业应引入市 场部兼职高级顾问实施调研活动,以发挥两者各自的优点、避免各自的不足;并对该顾     

试论"一把手"应具备的基本素质

"一把手"基本素质对一个地区、一个单位、一个部门的工作影响巨大。当好"一把手",特别是党政"一把手",必须坚持在三个方面要有所建树、有所作为。这三方面是把方向、搞协调和带队伍。只有把握好这三个方面,才基本具备了"一把手"应该具备的领导素质。     

试论电子商务对组织设计的影响

网络经济下的企业组织可能在如下几个方面发生变化 :企业组织结构将趋于扁平 ,企业组织规模将趋向两个极端 ,企业组织的边界将趋于模糊和虚拟 ,企业组织的职务设计将趋于团队任务     

私营经济将逐渐成为经济增长的主力军

在市场经济体制逐渐形成和国有经济进行战略性调整的特定阶段、私营经济将成为经济增长的主力军 ,从五个方面提出了支撑这一结论的依据。     

关于稳健原则适度应用的思考

本文详细描述了地方政府财政能力的概念 ,并从五个方面建构了地方政府的财政能力的支持系统。     

对企业兼并的新认识——评《企业家社会学》

文中提出建立企业财务管理有效机制的３个方面：财务管理规划机制;财务管理调节机制;财务管 理激励机制。同时指出三个机制建立的侧重点。     

面对WTO,企业应转变三大观念

本文论述了进入WTO之后 ,中国企业应有 3个方面的观念转变。     

R&;D and Exporting: A Comparison of British and Irish Firms

This paper investigates the two-way relationship between R&D and export activity. In particular, we concern ourselves with the question whether R&D stimulates exports and, perhaps more importantly, whether export activity leads to increasing innovative activity in terms of R&D (learning-by-exporting). We use two unique firm level databases for Great Britain and the Republic of Ireland and compare the results for these two countries. We find that previous exporting experience enhances the innovative capability of Irish firms. Conversely, no strong learning-by-exporting effects are found for British firms. Arguably part of the differences between Ireland and Britain are attributable to different, cross-country exporting patterns where Irish firms have a greater interface with OECD markets. JEL no.  F14, F23     

Voluntary Disclosure and Equity Offerings: Reducing Information Asymmetry or Hyping the Stock?*

We examine corporate disclosure activity around seasoned equity offerings and its relationship to stock prices. Beginning six months before the offering, our sample issuing firms dramatically increase their disclosure activity, particularly for the categories of disclosure over which firms have the most discretion. The increase is significant after controlling for the firm's current and future earnings performance and tends to be largest for firms with selling shareholders participating in the offering. However, there is no change in the frequency of forward‐looking statements prior to the equity offering, something that is expressly discouraged by the securities law. Firms that maintain a consistent level of disclosure experience price increases prior to the offering, and only minor price declines at the offering announcement relative to the control firms, suggesting that disclosure may have reduced the information asymmetry inherent in the offering. Firms that substantially increase their disclosure activity in the six months before the offering also experience price increases prior to the offering relative to the control firms, but suffer much larger price declines at the announcement of their intent to issue equity, suggesting that the disclosure increase may have been used to “hype the stock” and the market may have partially corrected for the earlier price increase. Firms that maintain a consistent disclosure level have no unusual return behavior relative to the control firms subsequent to the announcement, while the firms that “hyped” their stock continue to suffer negative returns, providing further evidence that the increased disclosure activity may have been hype, and suggesting that the hype may have been successful in lowering the firms' cost of equity capital.     

The voluntary organizations and democracy in Korea: A civil society perspective

After achieving the dramatic progress of democracy recently, the preconditions of democracy in Korea are a major concern for scholars at home and abroad; These days, therefore, finding factors for successful democracy might be an important agenda for Korea as much as for all less‐developed countries. Among many factors conducive to democracy, this study emphasizes the important role played by voluntary associations as mediating and countervailing mechanisms to both the central government and markets. Even though there have been many factors at work in shaping political democracy, Korean experience during last three decades calls attention to the importance of the transition of the resurrection of civil society through an explosion of autonomous interest group expression and activity. The Korean experience supports that the organization of the citizenry is an indispensable condition for the development and maintenance of democracy.     

体闲旅游——体验经济时代旅游发展的新趋势

休闲旅游是以休闲为目的的旅游,它是人们经历了“急行军”式的传统观光旅游之后的一种理性回归。休闲旅游以其丰富的文化内涵、显著的休闲性和深刻的体验性等特征,越来越受到人们的青睐。休闲旅游是休闲观念、体验经济对旅游产业和旅游活动的渗透和提升,是体验经济时代旅游发展的新趋势。     

Financial instability, oligopolistic banking, and monetary growth

This paper analyzes the dynamics of a monetary economy whichis characterized by increasing returns to scale in financialintermediation. The intermediation technology is linear in deposits,but its operation requires a fixed verification cost to overcomethe asymmetric information about a borrower's investment outcome.Intermediaries, termed banks, can avoid the costly duplicationof information disclosure. Due to the non–convexity inintermediation activities, two stationary monetary equilibriaexist. The first is a saddle with high economic activity andhigh competition in banking. In the second equilibrium, competitionbetween banks and economic activity are low. Under adverse economicconditions, the low activity equilibrium can bifurcate intoa sink and the economy may experience periods of financial instabilityand banking crises. Although crises are random events, the economy'sexposure to financial instabilities depends on fundamental conditions.Thus, the predictive power of fundamentals does not contradictthe random theory of crises.     

CEO财务经历与企业创新——基于风险认知和融资能力的双重视角

财务行业是一个具有风险属性和资本属性的特殊行业，财务经历有助于塑造CEO良好的风险认知和融资能力。文章基于烙印理论，以2009-2018年A股上市公司为样本，从"风险认知烙印"和"融资能力烙印"双重视角研究了CEO财务经历对企业创新的影响及其机理。研究发现，CEO财务经历对企业创新有显著的正向影响；在采用PSM-DID、Heckman两阶段模型等控制内生性后，该结论亦成立。具体而言，CEO财务经历主要是通过发展CEO的"风险认知烙印"和"融资能力烙印"两种烙印效应来促进企业创新；CEO财务经历对企业创新的影响在CEO外部薪酬差距更大、CEO持股比例更高的企业中更为明显。文章的研究发现烙印效应可能是解释CEO财务经历影响企业创新的重要机制，这为上市公司制定科学合理的CEO聘任决策提供了相关理论依据。     

谈大学英语课堂教学模式的创新

为提高高校学生英语运用的能力,解决在英语教学中长期存在的“费时较多,效果不明显”的问题,教学研究部门和一线教师应全面提高教学过程中语料的输入质量;提倡创新型学习,从学习者角度设计教学活动;以体验创造为目的,实现互动教学;在课堂上创造实践机会,培养学生创新思维能力。     

基于网络文本分析的乡村民宿旅游体验感知研究——以莫干山地区为例

以莫干山地区的乡村民宿集聚区为研究案例地，以携程网的民宿评论为资料来源，采用内容分析法探讨游客民宿体验的要素结构和特性。结果显示：游客对于民宿体验感知主要体现在感官体验、情感体验、特色体验和行动体验4个方面，“房间”“老板”“服务”是游客最为关注的具体对象；民宿体验感知总体持积极情绪，消极情绪主要来源于性价比低、缺乏娱乐等方面。研究结果可为民宿产业的可持续发展提供参考和借鉴。     

The role of foreign direct investment in the host-country firm selection process: firm-level evidence from Slovenian manufacturing

This paper examines the role of inward foreign direct investment (FDI) in firm selection processes in the Slovenian manufacturing sector in the 1994–2003 period. It adopts the firm dynamics framework that allows testing of selection effects directly by assessing the impact of foreign firms’ activity on the probability of exiting of local firms (crowding out). The results show that intra-industry productivity spillover effects offset only a minor part of the competition pressure which results from foreign firm entry, hence incumbent firms experience a drop in their survival probability upon a foreign firm’s entry within a particular industry. This result is driven by foreign firm entry of the greenfield type, as entry through the acquisition of existing firms has no significant effect. The strength of the crowding-out effect decreases with the incumbent firm’s export propensity. There is no significant evidence that inward FDI would stimulate the selection process through backward linkages in the upstream supplying industries, whereas foreign firms’ activity reduces the exit probability of downstream local customers (through forward linkages).