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11.
This research constructs a performance evaluation mechanism in regard to the interdependence of evaluators and criteria. The
interest in performance evaluation has spawned a number of studies that investigated criteria or evaluators for organizations’
performance evaluation. However, very little attention has been paid to address the relationship between the evaluators and
criteria. It is quite clear that there are different standpoints exist in different evaluators, consequently particular evaluators
usually emphasize certain groups of criteria more than others. On the other hand, considering different criteria the strength
of relation of evaluator changes accordingly. We address the existence of interaction between evaluator and criteria, because
the two factors play major roles in the performance evaluation. This consideration gives top managers the chance to explore
and realize the relationship between evaluators and criteria. It also reveals the evaluators’ synthetic standpoints about
criteria, which are meaningful for managerial purposes. 相似文献
12.
Based upon an empirical investigation, the study draws upon the responses of 1623 tourists in Kinmen to explore the notion of destination competitiveness and how it is related to customer satisfaction with tourists’ perceptions, service performance and destination competitiveness. It also considers the question of destination competitiveness and sustainable tourism development. Variables such as tourists’ pre-visit perceptions, post-visit satisfaction toward destination attractions and resources, willingness to recommend and revisit, and competitiveness with foreign destinations are tested. The results of the study suggest that there is no correlation between tourists’ overall satisfaction and destination competitiveness. Implications of the study outcome illustrate that a destination's unique tourism characteristics can be the most important variables for destination competitiveness. In Kinmen's case, battlefields, historic relics, beautiful scenery and travel security gave it a competitive edge, despite high prices. In addition, developing the destination's brand image was found to be critical for tourism marketers and authorities in the context of increasingly global tourism competition. 相似文献
13.
Huimin Chung Her-Jiun Sheu Shufang Hsu 《International Review of Economics & Finance》2010,19(4):742-754
This study examines the pricing efficiency of E-mini and floor-traded index futures under electronic versus open-outcry trading platforms. By using OLS and quantile regressions to control for changes in market characteristics, we find that pricing errors are smaller in the E-mini markets than the floor-traded markets, thereby confirming that electronic trading has special attractions for arbitrageurs and informed traders. However, during periods of higher volatility, the advantages of speedier execution, anonymity and information efficiency may be offset by arbitrage risks; as a result, larger pricing errors are observed in the E-mini markets. We provide new evidence confirming the important roles in pricing efficiency played by both traditional open-outcry systems and electronic trading systems. 相似文献
14.
Tung-Lai Hu Author Vitae Jiuh-Biing Sheu Author Vitae 《Industrial Marketing Management》2005,34(5):447-461
The management of channel relations has a significant impact on a firm's operational competitiveness; however, there is a lack of published research to better understand the linkages between channel relationships and channel power, noncoercive influence strategies, as well as channel climate and channel solidarity. This paper develops a model showing the linkages among these dimensions of channel relationships. Using linear structural relations (LISREL), a model of the Taiwanese personal digital assistant industry is developed to illustrate these interactions. The corresponding empirical test results indicate that channel climate has a significant impact on channel solidarity; however, this impact may be mitigated by both channel power and the use of noncoercive influence strategies. In addition, both mutual trust among channel members and continuity of the relationship have a positive influence on channel solidarity. Channel members with relatively more power appear able to determine the degree of channel solidarity through the use of effective noncoercive influence strategies. 相似文献
15.
Ming-Yuan Leon Li Her-Jiun Sheu Lin Lin Yu-Chi Tang 《Journal of Chinese Economic and Business Studies》2013,11(1):51-64
Four new determinants of initial/long-run IPO (initial public offering) returns from the perspectives of market conditions are proposed in this paper. The associated effects are examined by using the samples of Taiwan's high-tech IPO companies. Our empirical findings are consistent with the following notions. First, the four new determinants proposed perform remarkable effects on the IPO returns. Second, the length for IPO and IPO clustering phenomena has notable impacts on the long-run returns of IPO. In contrast, the performances of public stock markets show significant effects on the initial returns of IPO. 相似文献
16.
Most of the existing Markov regime switching GARCH‐hedging models assume a common switching dynamic for spot and futures returns. In this study, we release this assumption and suggest a multichain Markov regime switching GARCH (MCSG) model for estimating state‐dependent time‐varying minimum variance hedge ratios. Empirical results from commodity futures hedging show that MCSG creates hedging gains, compared with single‐state‐variable regime‐switching GARCH models. Moreover, we find an average of 24% cross‐regime probability, indicating the importance of modeling cross‐regime dynamic in developing optimal futures hedging strategies. © 2012 Wiley Periodicals, Inc. Jrl Fut Mark 34:173–202, 2014 相似文献
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18.
Chia-Chi Lu Weifeng Hung Jyh-Jian Sheu Pai-Ta Shih 《Review of Quantitative Finance and Accounting》2011,36(4):555-564
The purpose of this paper is to develop a real option model with a stochastic network size to simultaneously consider firm’s
investment and household’s consumption behaviors in an equilibrium framework. First, the consumer’s waiting-to-buy effect
is crucial in determining trigger network size of firm’s investment. Second, increasing network externality has an ambiguous
effect on trigger network size of firm’s investment. Third, using NPV rule not only underestimates trigger network size but,
also possibly results in the misleading relationship between network externality and trigger network size. 相似文献
19.
We estimate pass‐through with 30 years of data from the portland cement industry. Robust econometric evidence supports that fuel cost changes are more than fully transmitted downstream in the form of price changes. This validates an implicit pass‐through assumption made in recent academic research and regulatory analyses. We combine the econometric results with estimates of competitive conduct obtained from the literature to evaluate the incidence of market‐based CO2 regulation. Producers bear roughly 11% of the regulatory burden and could be compensated with 16% of the revenues obtained. 相似文献
20.
Yenming J. Chen Jiuh-Biing Sheu 《Transportation Research Part E: Logistics and Transportation Review》2009,45(5):667-677
This paper demonstrates that a proper design of environmental-regulation pricing strategies is able to promote Extended Product Responsibility for green supply chain firms in a competitive market. A differential game model comprising Vidale–Wolfe equation has been established in light of sales competition and recycling dynamics as well as regulation related profit function. Analytic solutions of Markovian Nash equilibriums are provided with the necessary condition derived from Hamilton–Jacobi–Bellman equations. We found that governments should opt to gradually raise regulation standards so that rational manufacturers will gradually improve its product recyclability, and, in turn, Extended Product Responsibility will get promoted. 相似文献