Does an Industry Effect Exist for Initial Public Offerings?

We examine the impact of initial public offerings (IPOs) on rival firms and find that the valuation effects are insignificant. This insignificant reaction can be explained by offsetting information and competitive effects. Significant positive information effects are associated with IPOs in regulated industries and the first IPO in an industry following a period of dormancy. Significant negative competitive effects are associated with larger IPOs in competitive industries, those in relatively risky industries, those in high‐performing industries, and those in the technology sector. IPO firms that use the proceeds for debt repayment appear to represent a more significant competitive threat to rival firms relative to IPO firms that use their proceeds for other purposes.     

Initial Public Offerings: CFO Perceptions

We examine four issues pertaining to initial public offerings (IPOs) using a survey of 438 chief financial officers (CFOs). First, why do firms go public? Second, is CFO sentiment stationary across bear and bull markets? Third, what concerns CFOs about going public? Fourth, do CFO perceptions correlate with returns? Results support funding for growth and liquidity as the primary reasons for IPOs. CFO sentiment is generally stationary in pre‐ and post‐bubble years. Managers are concerned with the direct costs of going public, such as underwriting fees, as well as indirect costs. We find a negative relation between a focus on immediate growth and long‐term abnormal returns.     

论“饭店管理学”的教学体系

以教学体系设计为导向,将有关饭店管理的基本内容划分为服务管理、功能管理、发展与战略管理和行业管理四个层面,并以功能管理层面为重点,具体阐述了以管理理念为核心的饭店管理方案的设计思路。目的是探索具有中国特色的饭店管理高层次人才的培训内容体系。     

基于工作过程的课程体系构建

高职教育要创新人才培养模式,专业建设是核心,而专业建设的的关键是构建基于工作过程的课程体系,这关系到学生学什么的根本问题,影响到学生培养质量是否上得去的根本问题,本文从工作过程与培养过程的关系、基于工作过程的课程开发和基于工学结合式的新型教材建设进行了阐述。     

小型足球运动在高校足球选项课中的运用

小型足球运动与11人制足球运动相比有其自身的特点和优势。运用其特点和优势可以对高校足球选项课程内容及练习方法、手段进行教学改革,以达到培养学生运动兴趣,快速增进学生足球技战术水平的目的,并最终完成《全国普通高等学校体育课程教学指导纲要》中关于课程的各项要求。     

行政管理案例分析课程的教学方法

案例教学对激发学生的学习积极性和主动性等方面具有重要作用。提高行政管理案例分析课程的教学质量应采用多样化的教学方法:选用典型的案例,利用现代教学手段,采用讨论、辩论、情境模拟等多种形式,强化教师与学生的职责等。     

英美报刊阅读教学中的文化导入

英美报刊阅读是一门培养学生掌握阅读英美报刊基本能力的课程.在英美报刊阅读教学中,教师应根据该课程的特殊性,借助适宜教材,结合学生实际,将英美文化背景知识融入报刊阅读教学中,帮助学生扩大文化积累量,更好地学习运用语言.     

生产与作业管理课程改革的研究

《生产与作业管理》课程是工商管理专业必修的主干专业课程之一。生产与作业管理是一切组织的基本职能,是组织实施经营战略、获取持久竞争优势的关键。     

Golf Versus Nongolf Club Operations: Benchmarks for 2014

With the club industry comprising of different types of clubs, a more in-depth analysis separating clubs with and without golf operations would be beneficial. Financial performance can be summarized via financial ratios. This study surveyed 115 clubs regarding their financial performance and calculated 24 financial ratios for 2014. The median profit margin of all clubs was at 1.65%. Clubs with golf operations reported a median profit margin at 1.73%, doubling that of the nongolf operations at 0.83%. T-tests using means of financial ratios showed a statistically significantly difference in only the food inventory turnover by days.     

高等职业教育应加强大学生法律素养的培养

加强高等职业院校大学生法律素养教育,是适应新世纪法制社会发展和培养高等职业技术人才的客观需要,也是发挥法律课程功能、提高人才培养质量的必要途径。合理设置课程体系、更新整合教学内容、适度改革教学方法和营造校园法律文化氛围,是加强高等职业院校大学生法律素养教育的基本途径。