A multiple group analysis of the training transfer model: exploring the differences between high and low performers in a Korean insurance company

This study suggests an integrative transfer of training model and examines the influence of pre-training performance on the relationship between work environment variables and transfer-related variables. Structural equation modeling was conducted with data collected from 365 Korean employees of a large general insurance firm. They were all participants in a leadership development program. The results of multi-group analyses revealed that the influence of work environment variables on transfer-related variables was moderated by employees' pre-training performance. The findings of the study imply that a more elaborate training transfer model that considers performance not just as an outcome variable, but also as an antecedent variable is required. Also, it is proposed that different strategies should be applied to promote transfer of training based on the employee's level of pre-training performance.     

试论企业管理模式变革趋势

计划经济体制下企业组织管理模式是一种金字塔状、集权式的直线功能结构 ,形成了生产型、执行型和封闭型的生产区域管理体系 ,这已不适应市场经济体制灵活多变的要求 ,必须随市场的变化而进行有针对性的、有预见性的科学管理 ,从而建立全新的企业经营理念、经营战略、营销策略、决策方式、组织结构和管理模式。一、科学合理的管理模式是企业发展的基础1 从现场管理向市场管理转变。计划经济条件下 ,企业的一线在现场 ,管理的着眼点在企业内部生产 ;市场经济条件下 ,企业的一线在市场 ,管理的着眼点在市场。市场是企业生产经营活动的枢纽和导…     

A Dynamic Model of Export Competition, Policy Coordination, and Simultaneous Currency Collapse

This paper shows that the "price wars during booms" logic of Rotemberg and Saloner ( American Economic Review , vol. 76, 1986, 390–407) provides an explanation of contagious currency crises. The idea is as follows. When a group of countries relies on exports to a common foreign market, pressures for competitive devaluations arise. In response, competing exporters peg their exchange rates to the currency of their export market. However, it must be in each country's self-interest to adhere to its peg, and a common adverse external shock can make an existing (implicitly) cooperative arrangement unenforceable. Maintaining the arrangement requires a collective devaluation that reduces the unilateral incentive to devalue.     

Auditing Standards in China—A Comparative Analysis with Relevant International Standards and Guidelines

The continuing and deepening economic reforms in China have brought many changes both socially and economically to the society. The primary function of auditing in China has begun to shift away from the traditional tax compliance assessment towards the credibility lending to financial statements. The economic reforms and the development of the Accounting Standards for Business Enterprises have necessitated the parallel development of auditing standards in China. While some significant differences exist, the new Chinese auditing standards are, in a number of important aspects, similar to the professional standards promulgated by the International Federation of Accountants. The development of a comprehensive body of standards, auditor independence, the role of certain auditing techniques, and certified public accountant (CPA) population are the major areas that China needs to improve. Opening up the Chinese accounting industry will trigger significant advances in the implementation of Chinese standards and the development of the Chinese accounting profession.     

LINKAGES: DO FOREIGN FIRMS BUY LOCALLY IN TAIWAN?*

Linkages are important potential impacts of DFI upon host economies. Since these potentialities are not necessarily realized, we must separate the potential (ex ante) and actual (ex post) results of these effects. Empirical data for Taiwan in the 1970s show that DFI may tend to concentrate in industries with strong backward linkages. More significantly, DFI located in EPZs or controlled by non-Chinese investors had a clear tendency to import more and, hence, to form enclaves. However, this group of firms greatly improved its procurement policies over time. Thus, while discernible in the short run, the enclavistic phenomenon linked to DFI becomes insignificant in the long run, as shown by Taiwan's experience. Needless to say, the gradual rise of the local content rate of foreign firms is in line with successful development of the local material industries in Taiwan in the 1970s (Schive, forthcoming). In addition to the time factor, several firms specific factors such as foreign ownership structure, export propensity, status as a producer of either final or intermediate goods, status as a “neighboring” or “distant” investor, and the scale of operation all have a bearing on foreign firms' local purchasing behavior. To determine whether these findings pertain to Taiwan only, further country comparative studies are needed.     

Are there long-run implications of analyst coverage for IPOs?

Analyst coverage has been cited increasingly as an important attribute in the selection of an underwriter for a firm about to go public. However, it has also been alleged that affiliated analysts provide biased research. In this study, we examine these interrelated issues by examining the long-run performance of IPOs with coverage from their managing underwriters in a 1993–2003 sample. We find that (1) analysts’ research coverage from their managing syndicate is not related to long-run performance; (2) long-run performance is not different for firms that receive all-star analyst coverage; and (3) investors are not systematically worse off for following lead underwriter recommendations.     

Bringing Political Skill into Social Networks: Findings from a Field Study of Entrepreneurs

The authors integrate the entrepreneurship literature's sociological and behavioural perspectives and examine the processes through which entrepreneurs first build social networks and then use the network resources for enhancing venture performance. Field interviews of entrepreneurs during a six‐month period reveal that political skill is an important individual‐level factor that influences the construction and use of social networks. Theoretical and practical implications of the major findings are discussed.     

国家视角下的目的地形象模型——基于来华国际游客的实证研究

国家形象和目的地形象因其对消费者行为和决策的重要影响,分别发展成为国际商务领域和旅游营销领域的重要概念和研究热点,虽然两者具有十分密切的内在联系,但学界对它们的研究却相对独立,缺少交叉研究.该研究在对两个领域的文献和理论模型进行整理后,将目的地形象放置到国家尺度下重新审视,试图揭示一个国家的综合国家形象与其作为旅游目的地的形象之间的互动机制,并尝试引入“熟悉度”等概念建立整合模型.最后以中国大陆为案例地,以来华国际游客为调查对象,通过结构方程模型进行实证检验和修正.结论指出:(1)熟悉度对目的地形象有正向影响;(2)国家形象与目的地形象之间具有双向且正向的影响;(3)国家形象通过目的地形象对游客的忠诚度产生间接影响.     

Nonlinear Taylor rules in Central Eastern European countries

This study applies sequential panel selection method (SPSM), proposed by Chortareas and Kapetanios (2009) Chortareas, G., and G. Kapetanios. 2009. “Getting PPP Right: Identifying Mean-Reverting Real Exchange Rates in Panels.” Journal of Banking and Finance 33: 390–404.[Crossref], [Web of Science ®] , [Google Scholar], to investigate to test the validity of Taylor rules to assess the nonstationary properties of the convergence of the real exchange rates for 10 Central Eastern European countries. The SPSM can be used to decompose a panel of real exchange rate series into two groups: a group of stationary series and a group of nonstationary series. We identify the stationary processes in the panel and demonstrate that Taylor rules holds for 7 of the 10 countries studied. These results imply that the choices and effectiveness of the monetary policies in Central Eastern European economies are highly influenced by external factors originating from the United States. Additionally, our findings highlight that their real exchange rate convergence is a mean reversion toward equilibrium values of Taylor rules in a nonlinear manner.     

居民个人理财工具持有状况分析及理财规划——以镇江为例

随着中国市场经济体制的确立和发展,特别是金融业的发展,居民个人理财工具越来越多,且仍呈发展趋势。本文对理财工具进行了对比,重点将各理财工具的优缺点进行比较分析,并就镇江市居民理财工具持有现状通过调查问卷进行调查研究,最终,对单薪家庭、老年人、中年人和营业主、未婚青年等提出理财规划建议。