非财务指标融入分部经理激励契约设计的研究

通过问卷调查的方式,研究了分部经理间战略协同程度、分部经理关于分部的私人信息数量、分部经理对分部短期财务业绩的影响以及分部经理对分部长期财务业绩回报的影响四个因素在分部经理契约设计中确定非财务指标权重的作用。研究发现,分部间的战略协同程度越高,分部经理激励契约中的非财务指标权重就越高;分部经理关于分部的私有信息越多、分部经理对分部短期财务业绩的影响越大,分部经理激励契约中非财务指标的权重就越低。这一研究结果为现有关于非财务指标的理论研究提供了实证证据,也对分部经理的契约设计有一定的启发意义。     

The increasing service intensity of European manufacturing

In this study, using fixed-effects models based on the manufacturing sector for 18 European Union countries for the period 1995–2008, we find that the employment share of service occupations is significantly and positively related to the output share of producer services in manufacturing. In particular, the increase in the output share of services accounts for an average of 13% of the increase in the share of service occupations. When service occupations are disaggregated by different categories, we find that the output share of services is significantly and positively related to the share of managers, professionals, and technicians. In contrast, the remaining service occupations do not benefit from the increase in service revenues. Finally, professionals and technicians are complementary to purchased services (from either domestic or foreign suppliers).     

Has the Chinese currency been undervalued?

China's trade surplus reached a record $102 billion in 2005 while the US trade deficit of $717 billion accounted for 5.8% of US Gross Domestic Product in the same year. US policy makers claim China's currency is undervalued about 25 to 35% against the US dollar and they blame China for holding the value of the RMB weak to keep Chinese products competitive on prices in international markets. Given the unique situation in China, where the capital account is only partially convertible and the economy has been growing at an annual average rate of 10% over the last two decades, this paper empirically examines the magnitude of the exchange rate misalignment of China's RMB against the US dollar by using the Behavioral Equilibrium Exchange Rate (BEER) and Permanent Equilibrium Exchange Rate (PEER) models. Our results show that the RMB was undervalued by approximately 15% from 2002:Q2 to 2003:Q4; however, it is interesting to note that while the RMB was overvalued during 1997:Q4–2002:Q2, China experienced a huge trade surplus during that period.     

高校学生科技社团建设与发展的思考

高校学生社团是高校校园文化的重要载体,是学生扩大求知领域、培养合作精神、提高创新能力的主要平台。目前,高校社团百花齐放、百家争鸣的同时,在其建设与发展上依然存在些许问题。本文结合山东农业大学行知学社的发展历程,就如何加强与完善学生社团建设,发挥社团作用,真正达到育人内涵提出一些可行性建议。     

衢州市生态渔业品牌建设探析

渔业品牌化是现代渔业的重要标志。渔业品牌建设是发挥衢州生态资源优势,提升衢州市渔业产业水平,促进渔业转型升级的重要途径。衢州渔业品牌建设应当以生态环境和模式为核心,突出衢州水产品的独特生态品质和内涵。本文通过分析渔业品牌建设的裨益及衢州渔业品牌建设的必要性和可行性,结合衢州渔业品牌建设的现状,提出了衢州渔业生态品牌建设的发展方略及建议。     

浅谈计算机在我国会计工作中应用的发展变化

电子计算机应用于会计工作,实现会计数据处理的电算化大体上经历了三个发展阶段,到目前已经形成了一定的规模,成绩突出.详细介绍了计算机应用于会计工作的发展变化过程.     

垂直文学网站商业模式研究

垂直文学网站一直在不断地探索自己的商业模式。本文首先解释了什么是商业模式,然后介绍了垂直文学网站的发展现状,最后对垂直文学网站的商业模式做了系统深入的分析。     

开创文化强省建设新局面 全省文化产业发展座谈会在青岛召开

9月3日，全省文化产业发展座谈会在我市召开，深入贯彻落实中央和省委省政府关于加快文化改革发展的一系列决策部署，总结交流经验，研究部署下一步工作。     

基于K-means算法的企业服务创新方向选择研究

企业在进行服务创新过程中,首先需要考虑到企业发展战略与其自身优势能力的匹配性,结合这两点来确定服务创新的发展方向。本文研究了企业基于自身已有的优势能力,运用K-means算法建立了企业服务创新战略方向选择模型,识别并确定了企业服务创新战略方向,由此得出企业进行服务创新时的最佳服务定位策略。     

股市跳跃点对股票价量变化的影响分析

本文利用异常值剔除的方法,寻找出股市收益率的跳跃点后,以此为虚拟变量,建立多元回归模型分析跳跃点对股票日后价格和成交量变化的的影响,结果表明:跳跃点对收益率的影响大约有两天,跳跃点的收益率引起日后收益率的反向变化;跳跃点的成交量对日后成交量的影响大小是逐天递减的,而且这种负向的影响会持续三天到五天。