Justifying top management pay in a transitional economy

We investigate some aspects of top management pay in China's listed firms. We find positive pay and performance sensitivities and elasticities for top executives. In terms of magnitude, these sensitivities are similar to those reported in U.S. firms during the 1970s. However, the pay and performance relation is slightly weaker for firms located in less developed provinces. We also find that the pay disparities between top managers and employees are positively related to a firm's performance. Thus, it appears that any deviation away from a manager-worker compensation norm has to be justified by superior firm performance. In additional analyses, we find that managers' perquisites are not related to performance.     

淮安市旅游资源的开发定位分析

淮安市是江淮流域人类文明的发源地之一,是国家级历史文化名城熏人文荟萃,旅游资源十分丰富,但分布不均,地区差异大。文章指出,在旅游开发定位时应以文化遗迹和名人故居为基础,发展爱国主义教育旅游;打造文化品牌,发展文化旅游熏利用交通过境优势,发展过境旅游。     

数组矩阵虚拟窗体算法在自动分拣系统设计中的应用

介绍了一种基于数组矩阵虚拟窗体算法的自动分拣系统,通过该算法对虚拟窗体的产生、移动、分配进行控制,实现物料单元在分拣系统中精确、高效、高速的定位、跟踪,可靠高效的完成分拣作业。     

Explaining the profitability of foreign banks in Shanghai

This paper uses survival analysis to examine the factors determining the time taken for branches of foreign banks in Shanghai, China to make a positive rate of return after entering that market. Particular attributes of banks including the parent bank's size, early entry and the number of branches the bank has in China are found to reduce time to profitability. Market conditions in Shanghai, captured by levels of foreign direct investment and Eurodollar interest rates, are also found to have significant effects. A number of managerial implications are drawn from the analysis in light of the greater access to the Chinese banking markets following China's accession to the WTO. To ensure long‐term profitability in Shanghai, the foreign bank needs to contain costs and risks in the new markets, formulate an effective market penetration strategy, identify appropriate customer target groups, attract businesses from firms of different countries, seek early entry and undertake more fee‐income generating businesses. Copyright © 2003 John Wiley & Sons, Ltd.     

水工建筑混凝土结构施工技术的研究

我国幅员辽阔,地形复杂,河流众多,水利工程的建设一直是我国在基础设施建设方面十分看重的内容.为确保水利工程建成后能对防洪抗旱与农业灌溉等方面提供更好地服务,水利工程的建设必须安全可靠.本文就如何在水利工程施工中使混凝土结构建筑能够达到质量标准要求进行分析,重点探讨水利工程建筑中混凝土结构的施工技术与应用,以供工程项目作参考.     

美国人力资本结构与再工业化的需求矛盾

通过对第二次世界大战后以及1995-2009年美国人力资本存量和作用的定性与实证分析,以及用脉冲模型(VAR)展开的人力资本存量的增长和人均GDP之间的相互影响的考证,可看出美国当前的人力资本存量状况不能满足再工业化需求,这为政府的政策制定提出约束.     

时间、收入与消费选择--兼论假日经济效应

本文首先给出了一个时间和收入双重约束下的消费者最优选择理论,分析了收入充裕而时间稀缺条件下的消费者行为,认为价格的变动将不会影响最优的消费组合,同时认为,通过增加闲暇将促进消费的增长;最后运用季度数据进行了计量检验,检验的结果证实了上述结论。     

广西地下水功能区划分初探

地下水是水资源的重要组成部分,是生态与环境的重要影响因素,划分地下水功能区,可为地下水合理开发、保护提供科学依据。根据《全国地下水功能区划定技术大纲》,结合广西实际情况,在广西共划分88个地下水二级功能区。     

基于MATLAB辅助DSP设计自适应滤波器与实现

文章主要阐述了自适应滤波器的基本结构和原理,介绍了利用最小均方误差算法-LMS算法,完成了应用MATLAB辅助DSP对自适应滤波器的设计,并实现了对信号进行初步的降噪处理。     

设备管理在MES系统中的定位与流程分析

文章重点研究设备管理在MES系统中的定位及流程,以期梳理设备管理在MES系统中的信息流程,充分发挥MES系统设备管理应有的作用.