On the Efficiency of Bankruptcy Law: Empirical Evidence in Spain

The current economic crisis is showing one of the main problems that many companies in financial distress have to face, namely, the impact of bankruptcy law in relation to companies and firms. This paper aims to analyze the bankruptcy law ex‐ante efficiency when companies are in financial distress. To test it out, two research questions are submitted: (i) Is solvency, the criterion used in the Spanish law, the best one to assess the relative significance of the main indicators, which determine bankrupt firms? (ii) Is the Spanish bankruptcy law efficient according to solvency or are there better criteria? To answer them, a logistic regression model is conducted. The sample embraces 1,387 firms in Spain, the data being obtained from 12 Commercial Justice Courts complemented with financial information. The main conclusion is that the solvency criterion is adequate to classify bankrupt companies although currently Spanish Bankruptcy law is not as efficient as it could be. Additionally, the relevant companies' indicators, which explain the financial distress procedure, are presented. Copyright © 2013 INSOL International and John Wiley & Sons, Ltd     

Selection of a Representative Value Function for Robust Ordinal Regression in Group Decision Making

In this paper, we introduce the concept of a representative value function in a group decision context. We extend recently proposed methods UTA^GMS-GROUP and UTADIS^GMS-GROUP with selection of a compromise and collective preference model which aggregates preferences of several decision makers (DMs) and represents all instances of preference models compatible with preference information elicited from DMs. The representative value function is built on results of robust ordinal regression, so its representativeness can be interpreted in terms of robustness concern. We propose a few procedures designed for multiple criteria ranking, choice, and sorting problems. The use of these procedures is conditioned by both satisfying different degrees of consistency of the preference information provided by all DMs, as well as by some properties of particular decision making situations. The representative value function is intended to help the DMs to understand the robust results, and to provide them with a compromise result in case of conflict between the DMs.     

国外高等工程教育对实施卓越计划的启示

卓越工程师教育培养计划是我国工程教育改革的切入点和突破口,对促进工程教育回归工程,提高人才培养质量具有重要的作用。文章以韩国的KAIST大学和国立首尔大学等的工程实践教育课程建设、过程实施、教育理念为例,分析了国外大学高等工程教育的主要特征,提出了在我国实施卓越工程师教育培养计划的几点建议。     

青海湖沙漠地区节水器设计

负水头毛细渗灌非常适合青海湖周边沙漠地区的固沙植生,根据毛细渗灌原理对节水器进行设计,考虑植物的需水量,棉线毛细输水量,沙子的输水特性可确定节水器的输水量及入渗点。     

模糊综合评价法在工程供应链风险管理中的应用

风险管理是工程项目管理的重要内容,是维持工程供应链稳定运作的重要保证。以工程供应链为研究视角,分析项目全寿命周期管理的四个主要周期阶段与工程供应链的相互关联。再对其供应链各环节中的风险进行识别,通过运用模糊数学的相关理论,对各阶段识别出的六大风险进行模糊综合评价,找出工程供应链风险特征,并提出相应的应对策略。     

现代化的动力:对外开放推动的经济发展

本文系统总结了对外开放对中国国民经济高速发展的推动效应.对外开放,引进了我们需要的资金;引进、学习、吸收、消化了国外的科学技术,并且在此基础上进行了技术的再创新;也使我们学习和借鉴了国外先进的管理知识和经验,以及现代的企业制度;而特区、沿海开放城市、经济技术开发区和沿边内陆开放,形成了我国全面开放的格局,这些开放地带和这种开放格局.使我们内生了新的体制机构和新的生产力增长点;在经济增长的因素中,通过加工出口贸易,我们将数亿剩余劳动力这样的劣势转变成了劳动力资源丰富这样的比较优势.这样一些对外开放的方面和内容,是30年来强劲推动中国经济高速增长因素的重要组成部分.而对于对外开放中出现的这样或那样的问题,我们需要历史、客观、符合规律、动态地看待.需要指出的是,对外开放的利,对于我们这样一个民族,一个发展中国家,远远大于弊.     

国际物流中货物通关效率影响因素分析

货物通关效率是制约我国国际物流发展的一个关键问题,而影响货物通关效率的因素又十分繁杂。本论文系统地分析了影响货物通关效率的重点因素和各个因素现今存在的问题,为进一步的口岸建设规划和货物通关优化研究提供了基础。     

论税收法定原则入宪

遍阅我国宪法,关于税法的内容只有第56条所规定的"公民有依法纳税的义务",税收法定原则在宪法中的缺失带来一些严重的后果。本文试从宪法和税收两个角度分析税收法定原则入宪的必要性,进而从我国实际出发探讨其入宪的恰当模式,以期弥补现行宪法的缺陷与不足,解决我国现行税法所存在的种种问题,促进我国税法体系的规范化、科学化和实用化。     

联邦快递如何打造高绩效团队

高绩效团队有利于提升组织核心竞争力与竞争优势,世界500强企业几乎都运用了团队这一手段来创造组织绩效,文章在提出高绩效团队的价值后,先就与团队紧密相关的几个问题进行探析,然后以联邦快递公司(FedEx)为例,从六个方面深度剖析了企业如何打造高绩效团队,以期给欲打造高绩效     

环境会计信息供求双方的博弈分析

在构建我国环境会计信息披露体系的过程中,我们通常以国家宏观利益为研究导向,忽视信息供求双方的微观利益及其内部效用;以外在制约为主要手段,缺乏内在激励。我国环境信息披露目标难以达成的症结之一在于信息供求双方的内部效用无法满足而造成的披露动力不足。文章以信息供求双方内部效用为逻辑起点进行博弈分析,提出从短期和长期两方面激励企业环境披露信息的建议。