应用分析技术管理

对银行业来说，当前是一个比较混乱而且艰难的时期。美国次贷危机的爆发波及金融业的各个领域，同时也激发了人们探寻如何避免类似危机，以及如何让金融机构快速恢复放贷的兴趣。对金融机构来说，发展的关键在于在买卖抵押或类似金融工具时更好地了解自己所面对的风险。做到这一点的最佳方法是通过技术来深入了解整个企业或资产组合存在的风险。     

Openness, technology capital, and development

In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research and development, brands, and organization capital. Technology capital is distinguished from other forms of capital in that a firm can use it simultaneously in multiple domestic and foreign locations. A country can exploit foreign technology capital by permitting direct investment by foreign multinationals. In both steady-state and transitional analyses, the extended growth model predicts large gains to being open.     

Pieces of the shortage puzzle: aging and shift work

Addressing issues important to the aging nurse and night-shift worker is imperative for retention success. It is important for nurse leaders to create an environment that will keep older nurses and night-shift workers working. The good news is that health care leaders are talking. Research is being done and will hopefully continue. Now it is time for health care leaders to welcome nurses, educators, and policymakers into their circle of discussion to preserve quality health care and retain our nurses at the bedside.     

Delegated Portfolio Management and Rational Prolonged Mispricing

This paper examines how information becomes reflected in prices when investment decisions are delegated to fund managers whose tenure may be shorter than the time it takes for their private information to become public. We consider a sequence of managers, where each subsequent manager inherits the portfolio of their predecessor. We show that the inherited portfolio distorts the subsequent manager's incentive to trade on long-term information. This allows erroneous past information to persist, causing mispricing similar to a bubble. We investigate the magnitude of the mispricing. In addition, we examine endogenous information quality. In some cases, information quality increases when the manager's expected tenure decreases.     

The future of work and family: Critical trends for policy,practice, and research

Work/life “thought leaders” from 28 large corporations carried out an environmental scanning process with the objective of linking work/life policies and practices to critical business and environmental trends. Globalization, technological change, and organizational flexibility are trends that have been commonly identified in other environmental scanning efforts, but their relationship to work/life issues has often been ignored. Similarly, the relationship of changing family structures to business goals has not received the attention it deserves. Through this linking process, work/life advocates can demonstrate the value of their efforts to other corporate decision makers. Innovative corporate work/life initiatives that are responsive to these important trends are described. © 1999 John Wiley & Sons, Inc.     

The impact of company type and corporate social responsibility messaging on consumer perceptions

Consumer distrust is particularly salient in the context of the current mortgage crisis, and mortgage companies are looking for ways to change their image and regain consumer confidence. This study examines whether advertisements portraying a message of corporate social responsibility (CSR) might help financial institutions in enhancing consumer perceptions of the company. One hundred subjects were randomly selected from among the faculty and staff of a large American university. Subjects were exposed to advertisements, with or without a CSR message, for two well-known service organizations (JP Morgan Chase and Verizon). Results suggest that consumers harbor negative attitudes toward mortgage companies and skepticism about advertising from these companies, but that the inclusion of a CSR message can mitigate these effects, resulting in improved attitudes toward the company. Managerial implications are discussed.     

Cereal producers and the structural adjustment programme (SAP) in Ghana: A welfare analysis of the first decade of SAP

Small-scale food producers in Ghana produce about 90 per cent of the food in the country. Behaviourial patterns characteristic of these semi-commercial producers are complex, making it hard for policy makers to predict the consequences of policies on them. This study analyses the effects of the Structural Adjustment Programme on cereal producers in Ghana. A system of demand and supply equations was employed in a simulation analysis performed under three different scenarios to observe the aftermath of price increases; measure the impact of devaluation of the cedi; and gauge the effect of price increases and devaluation. The results show that cereal producers gain but consumers lose in terms of producer and consumer surplus. There is a net welfare loss as a result of the SAP.     

Optimal location of new forests in a suburban region

This paper looks at the optimal location of new forests in a suburban region under area constraints. The methodology takes into account use benefits, non-use benefits (both bequest and existence values), opportunity costs of converting agricultural land, as well as planting and management costs of the new forest. The recreational benefits of new forest sites are estimated using function transfer techniques. We show that the net social benefit of the total afforestation project varies up to a factor 6. The recreational value of a site varies considerably with the available substitutes.