Industrial distributors: Can they survive in the new economy?

As e-commerce evolves and gains power in the business-to-business (B2B) marketplace, what lies ahead for the industrial distributor? The fundamental issue from the distributor's point of view is how to compete more effectively and profitably, given the changing business environment of the new economy. This paper reviews the literature on the distributor's role and relationships and introduces a conceptual model of distributor viability. The model identifies sources of value that distributors offer to manufacturers and customers, including customer relationship management (CRM), production and operations management (POM), and knowledge management (KM). The paper explores the managerial implications of distributor relationships and sources of value. This provides the foundation for better understanding of the viability of industrial distributors in the new economy.     

The effect of fair disclosure regulation on timeliness and informativeness of earnings announcements

This paper examines the effect of Korea’s fair disclosure regulation on the timeliness and informativeness of earnings announcements. The present regulation for Korean listed firms requires that if a company’s sales revenue, operating income (or loss) and net income (or loss) have changed by over 30% compared to the prior year, the firm must disclose this information through a preliminary financial report (PFR) even before the company is audited by external auditors. To analyze the effects of this policy, we first investigate the timeliness of preliminary financial report disclosures. We examine the extent to which Korean listed companies actually comply with the requirement for prompt notification of information concerning material changes in financial performance. Second, we investigate the informativeness of preliminary financial reports by analyzing differential stock market reactions to different timings of preliminary financial report disclosures. Our empirical results reveal that more than half of our sample firms release their preliminary financial reports after external audits are completed, thereby potentially invalidating the effectiveness of the regulation. In addition, we find that preliminary financial reports have information value only if they are disclosed prior to annual audit report dates. This finding supports the notion that timeliness increases the informativeness of preliminary financial report disclosure by curbing insiders’ ability to potentially profit from their information advantage.     

Functions of innovation systems as a framework to understand sustainable technological change: Empirical evidence for earlier claims

Understanding the emergence of innovation systems is recently put central in research analysing the process of technological change. Especially the key activities that are important for the build up of an innovation system receive much attention. These are labelled ‘functions of innovation systems’. This paper builds on five empirical studies, related to renewable energy technologies, to test whether the functions of innovation systems framework is a valid framework to analyse processes of technological change. We test the claim that a specific set of functions is suitable. We also test the claim made in previous publications that the interactions between system functions accelerate innovation system emergence and growth. Both claims are confirmed.     

人民币国际化论纲

进入21世纪后，各界对人民币国际化问题的讨论逐步深入，这些研究大多从货币国际化的条件和规律出发，提出人民币国际化的发展阶段和战略构想。通过对人民币国际化目标、实现路径与策略的分析，我们可以大致勾勒出人民币国际化的模式：人民币国际化的进程，是人民币国际货币职能演进、时间阶段推进和流通范围扩展的三维动态统一，其实质是货币国际化的一般规律与中国国情的有机结合。人民币国际化将兼容美元、欧元和日元的国际化路径，以一种非均匀的方式推进，它的成功将创造一种全新的货币国际化模式。     

西安铁路枢纽客运系统扩能方案研究

西安铁路枢纽将有8个方向、7条铁路线引入,既有西安站已不能满足客流增长的需要。分析西安枢纽内影响客运能力的各项因素,结合西安枢纽的改扩建及西安城市规划,提出新建第二客运站——西安北站和辅助客运站——纺织城站,并对原西安站进行扩建的方案,形成西安枢纽客运系统二主一辅的格局。     

供应链知识协同思想体系及其实现研究

在科学技术飞速发展、市场全球化和客户需求多样化的趋势下，企业的竞争方式发生了根本性转变，协同的内在动力推动着企业加入供应链联盟，协同合作巳贯穿供应链管理的全过程：从产品的流动过程来看，节点企业间可通过对需求的一致性预测、信息共享和物流配送等协同机制，来避免由于管理控制粒度不一致和“牛鞭效应”而造成的供应链中各个环节低效率、过多库存、低质客户服务和生产进度延误等问题；从产品的创新设计过程来看，     

对中国企业财务管理目标的冷思考

一、财务管理目标的涵义与特点由系统论可知,正确的目标是系统良性循环的前提条件。企业财务管理目标对企业财务管理系统的运行也具有同样意义。目标是系统所希望实现的结果,根据不同的系统所要解决和研究的问题可以确定相应的目标。财务管理目标,是企业进行财务管理活动所希望     

浅谈特区经济发展中的计算机教育

一、特区经济发展中计算机教育的重要作用 经济特区是中国经济体制改革的“试验田”，也是中国对外开放的“窗口”和通往世界的桥梁。1979年创办经济特区，经过5年的努力，取得初步成功。国务院马上推广特区经验，于1984年5月宣布开放了天津、上海、大连、秦皇岛等14个沿海城市。同年10月，中共中央又做出《关于经济体制改革的决定》，提出国内经济发达地区和比较不发达地区，沿海、内地和边疆，城市和农村，     

基于互联网的旅游教育应用模式研究

全球信息化浪潮的大举推进给传统的旅游教育人才培养体系提出了挑战 ,如何将互联网更好地应用到旅游教育是值得深思的问题。该文从我国互联网旅游教育现状入手 ,提出了基于互联网旅游教育应用的三大支撑体系、四大教育模式 ,最后提出了优化该模式的一些对策和建议。     

利率模型的新发展--市场模型

利率模型一直是金融领域的热点。一种新的利率模型——市场模型，其建模原则是由模型得到的标准金融衍生品的定价必须和Black计算的价格相符。笔者认为，市场模型有操作简单方便的优点，这是传统利率模型不具备的，它虽然也有一定缺陷，但仍不失为一种方便使用者的较理想方法。