Industrial property letting: Traditional v radical approaches

Following the earlier article on GLC and GLEB property letting, this contribution argues that an industrial lettings policy is inadequate for the promotion of good employment practices and sector strategy.     

Dividend Omissions and Intraindustry Information Transfers

We examine potential information transfers from companies that announce dividend omissions to their industry rivals. Specifically, we examine the abnormal stock returns and abnormal earnings forecast revisions of rivals after a company makes a dividend‐omission announcement. Our results show negative and significant abnormal stock returns and negative and significant abnormal forecast revisions for rival companies in response to the announcement, and a significant and positive relation between the two. We conclude that a dividend‐omission announcement transmits unfavorable information across the announcing company's industry that affects cash flow expectations and ultimately stock prices.     

The evaluation stage in marketing decision making

Prior to making important decisions, marketing managers go through an evaluation process in which available alternatives are compared. Yet, no systematic discussion of the evaluation process exists in the marketing literature. This article reviews the marketing and behavioral decision theory literature in order to identify factors that may cause errors in the two fundamental elements of the evaluation process—the estimation of probabilities and the determination of the value of outcomes. Propositions are developed that specify circumstances in which marketing management decisions may be influenced by judgmental biases, and procedures are identified for debiasing such judgments.     

Altruism, equity, and reciprocity in a gift-exchange experiment: an encompassing approach

Considerable experimental evidence suggests that non-pecuniary motives must be addressed when modeling behavior in economic contexts. Recent theories of non-pecuniary motives can be classified as altruism-, equity-, or reciprocity-based. We outline the qualitative differences in prediction these alternative explanations yield in a gift-exchange game. We estimate and compare leading approaches in these categories, using experimental data. We then offer a flexible approach that nests the above three approaches, thereby allowing for nested hypothesis testing and for determining the relative strength of each of the competing theories. In addition, the encompassing approach provides a functional form for utility in different settings without the restrictive nature of the approaches nested within it. Using this flexible form for nested tests, we find that intentional reciprocity, distributive concerns, and altruistic considerations all play a significant role in players' decisions.     

EFFECTS OF SMALL BUSINESS ACCOUNTING BASES AND ACCOUNTANT SERVICE LEVELS ON LOAN OFFICER DECISIONS

This study examines effects of four combinations of accounting bases and service levels — GAAP and income tax bases, and audit and review service levels — on loan officers' decisions, both separately and in interaction. It examines effects on loan decisions and perceptions of interest rates, default risk, confidence, and usefulness. The interaction of accounting basis and service level significantly affects perceived confidence but does not affect other decisions. Accounting basis and service level separately affect interest rates, default risk, and report usefulness, but do not affect the loan decision.     

在酒店快速扩张中保持风险控制力

对于酒店风险管控,预判并提前防范远胜于临危救火。据中国旅游研究院监控数据显示,2011年中国酒店客房总数为200万间套,预计2016年可达到500万间套,截至当前中国还有1700家星级酒店正在建设之中,全球近70%的国际一流酒店集团齐聚中国,并把这里作为未来十年的主要投资市场,在中国一     

凝八方之智推可持续增长2010夏季达沃斯论坛隆重开幕

省巢董事长包必达理解水有三个维度理解水有三个维度,要从社会品、环境水和商业水进行分析认识.我们必须理解水有三个纬度,首先是社会品,就是基本源泉,另外是从环境意义上的水,理论上我们需要4200立方升水,确保环境保持下去.     

A Game-Theoretic Model of Plagiarism

The damage to a reputation has long been viewed as the main and most effective deterrent against plagiarism among professional economists. We show that it is rational for individuals in the economics profession who want to plagiarize to engage in this activity given current incentives. Recent research concerning plagiarism in the economics profession has highlighted the frequency that instances of plagiarism have occurred. Our paper shows how it is possible given current incentives in the profession for these instances to go unreported therefore removing the threat of damage to a plagiarist’s reputation. We also discuss the harm that such actions cause to the original author and to the profession as a whole.