Employee Profit-Sharing: Weitzmania and Wild-Goose hases

Professor Martin Weitzman's proposals for sharing profit among company employees are being adopted uncritically by the Government and advisers to other Parties, Dr Charles Hanson, of the University of Newcastle upon Tyne, casts a sceptical eye over these and similar proposals.     

Monopoly Manacles the Capital Market

The 'political' purpose of privatisation has been said to be to raise finance to offset government borrowing and to facilitate tax reduction. Cento Veljanovski, of University College, London, argues that the essential aim is rather to change from state monopoly to private competition, butthat the maintenance of monopoly inhibits this market process.     

欧洲共同体统一大市场的前景和我们的对策

<正> 为彻底拆除由各成员国筑起的、为保护自身一时的经济利益而严重损害整个共同体经济利益的非关税壁垒,为挽救几乎名存实亡的共同市场,以及为对付美国、日本高技术的激烈竞争和新崛起的亚洲新兴工业国家的严重挑战,欧共体各成员国政府代表于1986年2月正式签订了《单一欧洲文件》,以法律条文的形式宣布:欧洲共同体将在1992年底实现统一大市场。     

亚洲“四小”对外投资的三大热点简析

近年来,特别是进入九十年代后,随着亚太地区新的产业分工格局的形成,以及处于转型期经济的结构调整,亚洲“四小”的对外直接投资迅速扩大,东南亚地区、苏联与东欧及中国内地则成为它们投资的三大热点,日益为世人所瞩目。一、第一大热点:东南亚地区亚洲“四小”的对外直接投资始于六十年代前后。六十年代至七十年代初,它们的对外直接投资基本上集中在东南亚地区,七十年代中期以后逐步转向以美国为主的西方国家。     

Enterprise Zones: Incentive or Intervention?

In an attempt to revive employment in the regions of the UK the Government has introduced a series of Enterprise Zones and Free Parts in recent years. Peter Stoney, Lecturer in Economics and Business Studies at the University of Liverpool, argues that not only is the case in favour of such 'incentives' unprovable, but they do much to disguise the fundamental economic ills of the areas where they have been sited.     

INTEREST ON EQUITY CAPITAL AS AN EX POST COST: A COMMENT

This paper attempts to rebut some criticisms advanced by Amey against the conceptual basis of proposals to make an ex post imputation for the cost of equity capital in external fmancial reports. The principle argument is that 'implicit' opportunity costs are relevant not only ex ante, for decision-making, but also ex post, if suitably defined and measured, for performance evaluation. An allowance for the foregone earnings of the equity does, therefore, seem justified. But rather than a standardised imputation of 'interest', the need for comparability across firms suggests firm - or industry - specific allowances which would take account of each firm's gearing and overall riskiness.