Who Benefits in an Insider Negotiated Block Trade?

We examine insider negotiated block trades to investigate whether new active blockholders with special expertise create shareholder value. In contrast to existing studies, we find no reliable overall evidence of permanent stock price increases, operating changes, or improved net of industry profitability associated with these major control changes. Top executive turnover is extensive, but appears largely attributable to the block sellers’ actions, not the imposition of discipline by the block buyer. Results suggest initial shareholder gains anticipate takeovers, not improvements in profitability. When a takeover is not forthcoming, the gain disappears.     

The association between continuing professional education and financial performance of public accounting firms

This study investigates the relationship between continuing professional education (CPE), a mechanism of professional training, and financial performance of public accounting firms. Both training subject (partner and assistant) and training location (internal and external) are included. Public accounting firms are categorized as big, medium, and small-sized ones. Empirical data are obtained from the 1992–1995 Survey Report of Public Accounting Firms in Taiwan, published by the Financial Supervisory Commission, Executive Yuan, Taiwan, ROC. Univariate test and multiple-regression model are employed to examine the financial performance effects of CPE. Main results indicate that both professional training of assistants and external professional training are positively related to financial performance in big-sized firms. Next, we document a significantly positive association between internal training of assistants and financial performance in either big-, medium-, or small-sized firms. Finally, both external professional training of partners in big-sized firms and external professional training of assistants in small-sized firms are positively related to financial performance. Few prior studies investigate professional training of public accounting firms by a regression model due to availability of empirical data. Accordingly, evidences obtained in this study provide useful information to partners for decision-making in public accounting firms under the considerably competitive audit market.     

A hybrid parallel genetic algorithm for yard crane scheduling

This paper aims at postulating a novel strategy in terms of yard crane scheduling. In this study, a dynamic scheduling model using objective programming for yard cranes is initially developed based on rolling-horizon approach. To resolve the NP-complete problem regarding the yard crane scheduling, a hybrid algorithm, which employs heuristic rules and parallel genetic algorithm (PGA), is then employed. Then a simulation model is developed for evaluating this approach. Finally, numerical experiments on a specific container terminal yard are used for system illustration. Computational results suggest that the proposed method is able to solve the problem efficiently.     

我国企业管理的营销策略研究

<正>营销需要懂得管理,比如说要知道什么是营销,有了营销的定义才能更好地去管理营销。营销也是要有计划的,在计划步骤指导下去进行营销活动,营销管理还要对     

试论信息时代下如何加强企业财务管理内部控制

信息技术高速发展,把整个地球连接成了地球村,对企业的财务管理也提出了更高的要求,在信息技术的大背景下,如何保证企业财务管理内部控制制度的有效开展,成为我们当今社会应该研究的课题,本文从信息化时代对企业财务管理带来的影响入手,论述了信息化时代背景下如何加强企业财务管理内部控制的具体措施.     

Influences of Technological Attributes and Environmental Factors on Technology Commercialization

As part of a new focus on sustainability, this study examines the effects of technological attributes, market potential, and environmental factors on the commercialization of technologies. A survey was conducted on two of Taiwan’s promising sustainable high-tech industries—solar photovoltaic (PV) and light emitting diodes (LEDs). We found that if the technologies possess the specific attributes of innovativeness, genericness, simplicity, and compatibility, as required by the potential adopters, the level of market potential will be more favorable and technology commercialization (TC) probability will be higher. In addition, the results of regression analysis indicate that environmental requirements play moderating roles in affecting the relationships between market potential and TC probability. The empirical findings highlight the role of market potential as a mediator between technological attributes and the likelihood of commercialization. Furthermore, environmental factors moderate the influence of market potential on TC. The results of this study can provide firms’ operations with insights into resource allocation, sustainable development, and competitive advantages in an intensely competitive environment.     

师承古今的复仇——论东北沦陷区复仇主题文学对中国复仇思想的继承

本文通过对日伪统治时期东北沦陷区文学的考察,对东北作家文学创作中的复仇问题进行整理后,将东北沦陷区文学中与复仇相关的作品作为主要研究对象,对其文学的主要内涵从继承古代复仇文学与五.四新文学创作的角度进行阐释。     

关于钢琴即兴演奏技能的培养

钢琴即兴伴奏在音乐领域显示了其强大的实用价值,本文志在通过对钢琴即兴伴奏特点研究的基础上,从而得出提高钢琴即兴伴奏能力的一些途径,即要增强钢琴基础能力弹奏的水平、和声的合理配置、织体恰当的选择和旋律分析等综合能力,在最短的时间内掌握好钢琴即兴伴奏这一技能.     

加强企业财务管理的若干建议

随着现代企业制度的推行,企业财务管理成为企业管理的重要组成部分,企业财务管理直接关系到企业的生存与发展.本文就如何加强企业财务管理提出几点建议.