Policies for agricultural development in Peninsular Malaysia

This paper highlights land use changes in the agricultural sector of Peninsular Malaysia. Since rational land use necessitates consideration of alternatives in relation to the natural potential of the land, the author examines the land resource inventory based on soil suitability and land utilization. This is followed by a discussion of land use changes brought about by public sector land development agencies and the private sector. The author gives a review of current land use policies and concludes with possible alternatives for the future.     

IMPACT OF DIVIDEND‐PROTECTED EMPLOYEE STOCK OPTIONS ON PAYOUT POLICIES: EVIDENCE FROM TAIWAN

Abstract. This study used a sample of 1035 Taiwanese firms to examine the impact of dividend protected employee stock options on stock repurchase and cash dividend policies from 2000 to 2005. This study finds a positive relationship between cash dividends and executive options, implying that executives holding stock options might prefer to distribute cash dividends to boost the stock price. This result, unlike in earlier studies, arises from the dividend protected characteristic of Taiwanese employee stock options. Finally, free cash flow, firm profitability, level of debt, investment opportunities and firm size are found to considerably influence payout decisions.     

On the faustmann solution to the forest management problem

This paper is concerned with optimal solutions to the forest management problem when future utilities are undiscounted. By examining asymptotic properties of such solutions, we find that (i) if the utility function is linear, then the Faustmann periodic solution is optimal; (ii) if the utility function is increasing and strictly concave, an optimal solution converges to the maximum sustained yield solution, which we characterize as a golden rule. These results may be viewed as a possible resolution to the debate in forestry economics about what constitutes an optimal policy in forest management.     

供应链资本对供应商响应影响的实证研究

供应链资本可划分为关系资本和结构资本。其中,供应链结构资本对供应商的影响是通过管理交流和技术交流两个维度体现的。研究显示,技术交流对供应商响应的影响效果最大,技术交流可直接影响供应商响应,也可以通过提高关系资本对供应商响应带来间接影响。而管理交流则需要通过提高技术交流才能提高供应商响应。以信任和互惠为核心的关系资本对供应商响应亦有显著影响。因此,采购企业提高供应商响应的有效方法包括提高双方的技术交流,促进双方高层及管理人员的管理交流,增进双方信任并在合作中有效实施合理的利益分配。     

清理整顿后中国信托业务的发展思路

近几年国家为规范信托行为 ,对信托业进行了全面的清理整顿工作。本文主要探讨现阶段适合我国国情的信托业发展模式 ,通过设计多样化的信托品种 ,防范风险、保障信托投资机构稳健经营。     

“考研热”降温现象初探

大学生考研是顺应社会发展的现实需要，对提高整个社会和民族素质具有积极意义。文章立足于考研热社会原因分析和考研热降温原因分析，提出了研究生培养机制改革刻不容缓，并针对研究生培养机制改革提出了一些建议。     

当前中国周边安全环境与战略选择

纵向观察，建国以来中国周边安全环境总体向好，但时起时伏；横向比较，当前中国周边安全环境依然严峻。当前中国周边安全环境的现状是北稳南动，西缓东急。当前中国周边安全环境面对的最大挑战有朝鲜半岛安全问题、中日钓鱼岛主权与东海划界问题、南中国海问题、美国对台军售问题，以及复杂的中印关系等。当前中国周边安全战略应继续坚持与邻为善，以邻为伴的大方针；继续坚持睦邻、友邻、安邻和富邻的周边外交政策；具体执行中采取睦北、缓西、稳南和进东战略，为中国未来10年黄金发展期创造和平安宁的周边环境。     

基于新型教学模式的市场营销学教学方法探讨

市场营销学是一门应用性学科,在实践中具有很强的应用价值。而传统的课堂讲授方法偏重理论知识的传授,过分强调知识的系统性和完整性,缺乏必要的教学环节对学生进行能力、技巧和操作方法上的训练,教学效果并不理想。文章结合自己教学的实际体会,探讨了新型教学模式下市场营销学的教学方法。     

Can You Hear Me Now? Communication in Virtual Product Development Teams*

Globalization and technological advances are driving organizations to extend the boundaries of new product development (NPD) teams from traditional colocated settings to dispersed or virtual settings. Virtual NPD teams have a wide array of information and communication technologies (ICTs) at their disposal. ICTs allow team members to communicate and collaborate as they cope with the opportunities and challenges of cross‐boundary work. The purpose of this paper is to explore ICT use by members of virtual NPD teams. This study presents an exploratory test and integration of two competing perspectives of media use in virtual teams: media capacity theories and social dynamic media theories. Specifically, this paper examines the role of task type, organizational context, and ICT type as critical contingency variables affecting ICT use. It also examines how different patterns of ICT use relate to individual perceptions of team performance. The findings from this study of 184 members of virtual NPD teams in three global firms suggest that communication via ICTs in virtual NPD teams is contingent on a range of factors.     

篱笆圈在海外油气项目投资评价中的应用

在国际油气勘探开发合同中,一个国家内各独立项目的财税条款通过税收篱笆圈(Ring Fence)在某一层次上相互影响。在进行海外油气项目投资组合评价时,应根据合同中规定的财税条款所确定的篱笆圈层次关系,确定应税收入的计算层次和顺序,确保项目税后净现金流和净现值数据真实反映合同财税条款。忽略合同中规定的财税条款对篱笆圈的规定,有时会导致评价结果失真,很可能导致投资决策失误。因此,在进行海外油气项目投资组合经济评价时,应严格按照合同中规定的计算层次和步骤建立评价模型,提高经济评价的准确性,更好地为投资决策服务。