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91.
The decision-making of investors is highly influenced by their feelings. According to behavioural finance, investor greed and fear would form irrational behaviour and affect their portfolio allocation. Although well-known mechanical investment strategy of dollar cost averaging (DCA) and value averaging (VA) could eliminate the problems of when to purchase, there are still some disadvantages to consider. For example, using a DCA strategy may be able to decrease volatility in portfolio so as to not effect investment decision, but it gives no rule for selling and may increase the opportunity cost of time if investors start deducted at peak prices. On the other hand, VA gives more aggressive sell signals to control the value of the portfolio to the level desired, but the investor may not have enough money purchase of a large number of shares in sharp decline period. Therefore, we use VA as main strategy and Bollinger Band as assist indicator for check for volatility for entry or exit. Through analysis and simulation, the new strategy we design does improve the performance during both bull and bear market periods. 相似文献
92.
Thomas C. Chuang Louis Y. Y. Lu Fang-Mei Tseng Yachi Lee Chih-Ting Chang 《Asia Pacific Journal of Tourism Research》2017,22(2):213-231
Drawing from the tourism and hospitality literature, this paper highlights the main research trajectories and themes in the context of eTourism. We use main path analysis to investigate the development trend of the synergistic relationship between innovative tourism applications and the new technologies. Further, the literature is classified into six groups through discovering the coherence structure in a citation network. The analyses show that research on websites, blogs, and social media on tourism is experiencing accelerated growth, which hints that there is a pendulum shift whereby the information and negotiation power asymmetry between the supply and demand sides are moving from provider-centric to consumer-centric. This study also elucidates the associated market disintermediation phenomenon and long tail effects on the distribution of destinations. 相似文献
93.
David Black Cain Polidano Yi‐Ping Tseng 《Economic Papers: A journal of applied economics and policy》2012,31(2):202-215
By OECD standards, the share of the Australian labour force with at least a secondary school qualification is low. One way to rectify this shortfall is to improve rates of re‐engagement in education among early school leavers. This paper examines the patterns of re‐engagement among early school leavers in the Household, Income and Labour Dynamics in Australia sample. A key finding is that the early years after leaving school are crucially important, with rates of re‐engagement dropping dramatically in the first three years out from school. For young adults up to age twenty four, results suggest that finding work, especially satisfying work, is an important motivator for returning to study. For older adults, re‐engaging is linked to retraining after commencing a new job and returning to study after having kids. 相似文献
94.
Tai-Hsin Huang Chung-Hua Shen Kuan-Chen Chen Shen-Ju Tseng 《Journal of Productivity Analysis》2011,35(2):143-157
The transition economies are known to have quite different market structures from the market economies. State-owned banks
accounts for a major part of the financial sector in East European countries before the transition period. Since the input
prices of the sector are frequently under the control of those governments, the misallocated resources may incur the loss
of economic efficiency. This paper attempts to gauge the technical and allocative efficiency using unbalanced panel data of
340 banks from 14 transition countries under the framework of the Fourier flexible shadow cost function. Accommodating technical
and allocative efficiencies simultaneously, as suggested by Atkinson and Cornwell (Int Econ Rev 35:231–243, 1994a) and Kumbhakar and Wang (J Econom 134:317–340, 2006a), avoids potential specification errors and leads to consistent parameter estimates. The average total cost savings resulting
from greater technical and allocative efficiency are around 28.31 and 7.13%, respectively. Foreign-owned banks are found to
be the most economically efficient. The enforcement of financial liberalization does gradually improve upon the sample banks’
technical efficiency. The allocative inefficiency arises from over capitalization and excess funds. Scale diseconomies appear
to prevail in the sample states with a few exceptions. 相似文献
95.
Chiung‐Hui Tseng 《Canadian Journal of Administrative Sciences / Revue Canadienne des Sciences de lu0027Administration》2007,24(2):120-134
Exploiting existing assets and exploring new assets are two major and often concurrent forces driving firms to invest abroad. Moving beyond prior attention to their separate effects on foreign ownership decisions, this study examines their integrative impact. I develop hypotheses aligning a set of firm‐specific advantages with asset‐seeking motives, and test these relationships on a sample of Taiwanese overseas investments. I find that wholly‐owned subsidiaries are preferred to joint ventures when multinationals are able to tap into host innovatory dynamism by employing extant technological capabilities and to access local natural resources by leveraging corporate scales. Nonetheless, multinationals face difficulties in deploying marketing knowledge in different contexts and thus are more likely to choose joint ventures for an aggressive foreign market entry. Copyright © 2007 ASAC. Published by John Wiley & Sons, Ltd. 相似文献
96.
We examine contemporary images of employee virtue and managers' perceptions of actual employee conduct in Wuhan, Beijing and Xi'an, drawing on document analysis and structured interviews with 112 respondents in ten case study companies. The image promulgation strategies of the one joint venture enterprise and the two private enterprises in our sample entailed active avowal of tradition linked employee virtue, drawing on a mixture of Communist and Confucian moral imagery. In contrast, most of the seven state-owned or predominantly state invested enterprises had abandoned or marginalized traditional Communist imagery, none promoted Confucian imagery, and two emphasized alternative images of one-sided servility toward the customer. We infer, from managers' accounts, that the abandonment of tradition linked images by the state-owned sector was a tacit acknowledgment of prior covenant violation, and that outside the state-owned sector, tradition linked moral propaganda contributed to moral atmosphere only when part of a consistent high-commitment HRM strategy. In drawing out implications for theory and further research, we note the different socio-political contexts of organizations in China and the West, discuss the relationship between bonds or covenants and psychological contracts, and compare tradition linked employee virtues with dimensions of organizational citizenship. 相似文献
97.
Shi-Jer Lou Ru-Chu Shih C. Ray Diez Kuo-Hung Tseng 《International Journal of Technology and Design Education》2011,21(2):195-215
This study was designed to explore the effects of problem-based learning (PBL) strategies on the attitudes of female senior
high school students toward integrated knowledge learning in science, technology, engineering, and mathematics (STEM). Content
analysis and focus group methods were adopted as the research processes. Data and information about the STEM internet platform,
an attitude scale and the contents of interviews were also collected for analysis. The subjects were 10th grade students at
a girls’ senior high school who volunteered to organize teams for a Solar Electric Trolley Contest. A total of 40 students
were grouped into 18 teams. The results of the study indicate: (1) that PBL strategies can be helpful in enhancing students’
attitudes toward STEM learning and the exploration of future career choices; (2) that the PBL teaching strategy helped to
lead students step by step toward completing the contest’s mission and to experience the meaning of integrated STEM knowledge;
(3) that not only that students can actively apply engineering and science knowledge, but also that students tend to gain
more solid science and mathematics knowledge through STEM learning in PBL; and (4) that PBL can enhance students’ abilities
and provide them experiences related to knowledge integration and application. Therefore, it is recommended that the curriculum
at the girls’ senior high school include more content related to specialty subjects to enhance their technological capabilities.
In addition, a learning mechanism should be offered to aid advisers or teachers in strengthening students’ integrated and
systematic knowledge about STEM. 相似文献
98.
Wei-Chun Tseng 《Applied economics》2013,45(24):3179-3188
Wetlands provide many functions that are both economic and recreational and are valuable in terms of their ecological diversity, while at the same time being nonmarket value products. The purpose of this study is to estimate the optimal wetland rental through estimations of both the demand and supply functions in relation to wetland. The wetland supply function is directly estimated based on the data provided by the owners of the wetland, while the estimation of the wetland input demand function involves using the bootstrapping and contingent visitation approaches. Such estimation approaches could also be applied to other nonmarket value products that give rise to environmental externalities. The estimation of rental fee could provide a long-term leasing contract that gives the landlord with a particular rent to lease their lands to support a wetland eco-tourism park to maintain wetland for substantial management. Several environmental management policy implications are also addressed. 相似文献
99.
Fuzzy Seasonal Time Series for Forecasting the Production Value of the Mechanical Industry in Taiwan
Fang-Mei Tseng Gwo-Hshiung Tzeng Hsiao-Cheng Yu 《Technological Forecasting and Social Change》1999,60(3):3366-273
Based on the seasonal time series ARIMA(p,d,q)(P,D,Q)s model (SARIMA) and fuzzy regression model, we combine the advantages of two methods to propose a procedure of fuzzy seasonal time series and apply this method to forecasting the production value of the mechanical industry in Taiwan. The intention of the article is to provide the enterprises, in this era of diversified management, with a fresh method to conduct short-term prediction for the future in the hope that these enterprises can perform more accurate planning. This method includes interval models with interval parameters and provides the possibility distribution of future value. From the results of practical application to the mechanical industry, it can be shown that this method makes good forecasts. Further, this method makes it possible for decision makers to forecast the possible situations based on fewer observations than the SARIMA model and has the basis of pre-procedure for fuzzy time series. 相似文献
100.
Zainorfarah Zainuddin Mohammad Iranmanesh Ming-Lang Tseng Behzad Foroughi Tengku Adeline Adura Tengku Hamzah 《Business Strategy and the Environment》2021,30(8):3444-3453
This study aims to deal with the challenge of rationalizing and testing the interrelationships assumptions of external and organizational factors in the case of clean development mechanism implementation. Prior studies are lacking to introduce the expected business benefits as a mediator between external factors and clean development mechanism implementation. The moderating effect of environmental resources was rationalized and evaluated. The data were collected from 130 ISO 14001 certified manufacturing firms and analyzed using the partial least squares technique. The results revealed that expected business benefits mediate the impacts of all considered external factors and cause an insignificant direct association between market pressure and mechanism implementation. Organizational resources moderate positively the impact of competitor pressure on mechanism implementation. The findings extend the literature by illustrating the dependency of external factors and organizational factors and challenging the results of the studies, which have been driven by independence assumption. The findings are enabling policy-makers and managers to effectively modify the strategies for enhancing the extent of mechanism implementation. 相似文献