运动表产业不能忽视新生力量——专访EZON宜准董事长陈祖元

很多做出口代工的企业一样,陈祖元的福州宜美电子有限公司作为一家高新技术企业。虽然拥有众多的技术和产品专利。但十多年来一直都只是在为国外品牌做代工。也许不少朋友正在使用的或者在国内外市场上见到的很多知名品牌的产品正是这家企业制造的。     

中国黄金[马年贺岁]产品上市

10月31日,中国黄金“马年贺岁”系列产品在蒋宅口中国黄金旗舰店上市。此次出品发售的中国黄金“马年贺岁”系列产品,根据材质分为Au99999、Au9999、Au999、Ag999四大系列。共计26款。“Au99999至纯金”是中国黄金特有的产品原料。以此为原料制作的“金马传世”、“马到成功”系列产品,延续中国传统水墨画表现风格,采用镜面与磨砂相结合的铸币工艺打造。除传统的贺岁金条、金章外,中国黄金还推出了含金量在99999％以上的马年对联。     

圣诞珠宝狂欢季

又是一年圣诞节,又是绚彩美饰争锋斗艳之时。本季的高级珠宝除了在色彩上更为艳丽,造型上更是别出一格,超大型华丽项链,充满风情的鸡尾酒戒,及浪漫的彩宝耳环绝对是炫目当道。在这个欢乐的季节,让魅力与成熟尽情的绽放,让激情在绚丽珠宝中尽情燃烧。生动的色彩让所到之处都充满了节日的气氛。     

早春三月花先知

一年之计在于春,而春天的最好时节又是在早春。早春时节,草色菜嫩、万物复苏。古代诗人韩愈用“天街小雨润如酥,草色遥看近却无。最是一年春好外,绝胜烟柳满皇都”,来描绘早春三月的景象。     

Do specialized board committees impact the transparency of corporate political disclosure? Evidence from S&P 500 companies

This study examines how the specific attributes of one type of voluntary corporate governance mechanism, a specialized political contribution committee, improves the transparency of corporate political disclosure (CPD). The results demonstrate that the existence of a committee that establishes and reviews key political activities and disclosure policies, particularly one composed entirely of outside directors, significantly enhances the transparency of corporate political disclosure, and reveal that an under-studied board committee, the political contribution committee, effectively improves CPD transparency. The results are consistent with agency theory and further support the more generalizable idea that specialized governance mechanisms (e.g., a political contribution committee) and fully independent committees lead to more transparent disclosure. Finally, the results suggest that the existence of a political contribution committee and committee independence are channels to improve CPD transparency. Public-policy makers and regulators seeking to enhance CPD transparency might consider implementing regulations that mandate or recommend these governance mechanisms as best practice.     

Do Tax Law Changes Influence Ex-Dividend Stock Price Behavior? Evidence from 1926 to 2005

We test the Elton and Gruber model of ex-dividend stock pricing over a period spanning all US tax law changes since 1926. Our results indicate that price drop ratios (ΔP/D) and ex-day returns are related to dividend and capital gains tax rates in the theorized manner. Consistent with tax clienteles, we also find that ex-day price movements of higher dividend yield stocks are driven more by corporate tax rates, while lower yield stocks are more influenced by personal rates. Finally, we demonstrate that the positive relationship between ΔP/D and the dividend yield becomes stronger as the tax differential | t_d− t_cg | widens.     

Information Leakage Prior to Company Issued Guidance

We find that information leakages prior to public guidance issued by company management exist even after Regulation Fair Disclosure (FD), and are more pronounced when characteristics of the firm, the guidance, or the industry reflect higher levels of information asymmetry. Since public guidance is only partially leaked, this information leakage can be used to anticipate the information content of the impending public guidance. We simulate a trading strategy based on the preguidance leakage in the period after Regulation FD, which suggests that information leakage is an effective signal of the information content within impending public guidance.     

不断提高营销绩效——评测并报告营销状态

一直以来，营销流程很难进行管理。由于缺少更好的管理系统，营销组织只能通过拼凑销售、营销调查、杂乱的消费数据以及其他零散数据掌握（他们想象中的）发生的情况。在日常运营方面，营销高管难以根据战略和目标，最终针对企业财务绩效实现营销活动与资源的统一。无法建立营销团队责任制，也不能轻松了解和改进营销活动的效果。这种状况已发生转变，营销组织采用MPM技术通过单一完整的营销框架为决策人员提供分析洞察结果。     

British and French shipbuilding: the industrial relations of decline

The merchant shipbuilding industry in Western Europe has been unable to withstand the pressure of overwhelming international competition. This article examines and contrasts the varying consequences of decline for the British and French industries.