The effect of environmentally friendly perceptions on festival visitors’ decision-making process using an extended model of goal-directed behavior

This study examined the effect of environmentally friendly perceptions on the behavioral intention of visitors at the Boryeong Mud Festival in South Korea. The results of the on-site survey (N = 400) reveal that three environmentally friendly perceptions formed positive and significant causal relationships with the constructs in the extended model of goal-directed behavior (EMGB). Attitude, subjective norm, and positive anticipated emotion affected desire, which, in turn, influenced the behavioral intention. Three elements, volitional, non-volitional, and emotional aspects, were proven to be crucial in comprehending the perceptions and behaviors of the nature-based festival attendees. The findings of this study will shed light on a better understanding of the decision-making processes of festival visitors when environmental issues are incorporated.     

Impacts of positive and negative corporate social responsibility activities on company performance in the hospitality industry

In spite of growing concern for corporate social responsibility (CSR) in various industries including the hospitality industry, the relationship between CSR activities and financial performance is a rarely examined subject in the hospitality context. Especially, research measuring the separate impacts of positive and negative CSR activities on companies’ financial performances remains, as yet, unconsidered. Thus, this study examines different impacts of positive and negative CSR activities on financial performance of hotel, casino, restaurant and airline companies, theoretically based on positivity and negativity effects. Findings suggest mixed results across different industries and will contribute to companies’ appropriate strategic decision-making for CSR activities by providing more precise information regarding the impacts of each directional CSR activity on financial performance.     

义务教育支出效率评价及财政分权影响

文章利用DEA模型对各地区义务教育经费的支出效率进行了评价,发现中西部地区的教育经费使用效率要高于东部地区。此外,我国的财政分权制度对各地区义务教育经费使用的效率也起到不同作用。     

产业分析报告——澳大利亚英特网服务供应商

EXECUTIVE SUMMARYThis reportaimsto analyze competitiveness Ofintemet industy in Australia Using five forces model.Competition is more intensive between Telstra andOptuswhich have a remarked position in the market.     

产业分析报告——澳大利亚英特网服务供应商

EXECUTIVE SUMMARYThis report aims to analyze competitiveness of internet industry in Australia using five forces model.Competition is more intensive between Telstra and Optus which have a remarked position in the market.The existence of several small operators and growing use of ADSL and wireless are good substitutes of cable solutions.     

金融危机下我国对外贸易发展的对策研究

2008年的金融危机造成了全球性的经济衰退,严重冲击了我国的对外贸易,为此我们需要采取一定措施来稳定对外贸易,文章通过对我国进出口贸易现状的分析,运用最小二乘法对进口、出口及国民经济增长之间的关系进行实证分析。并根据实证分析的结果结合当前的经济形势,有针对性的提出稳定外贸发展的政策建议。     

Does Regulation Fair Disclosure affect analysts’ forecast performance? The case of restructuring firms

The main purpose of this paper is to investigate how the enactment of Regulation Fair Disclosure (Reg. FD) influences analysts?? forecast characteristics for restructuring firms. The Reg. FD requires all firms disseminate material information not only to some institutional investors and certain financial analysts, but to all market participants simultaneously. We expect that the regulatory effect of Reg. FD on financial analysts?? forecast performance would be pronounced because of uncertain earnings signals and information complexity produced by restructuring activities. Particularly, we examine how the enactment of Reg. FD affects the relationship between analysts?? earnings forecast attributes and the occurrence and magnitude of restructuring charges. Our general finding is that analysts?? forecast errors and forecast dispersion have declined in the post-FD period for restructuring firms. However, such an impact cannot be persistent with an increase in the relative magnitude of restructuring charges, the proxy for restructuring complexity. This study provides additional evidence that Reg. FD has limited private information, and attempts to provide all users with the same access to information within the context of firms reporting restructuring charges.     

Saving or tunnelling: value effects of tax avoidance in Chinese listed local government-controlled firms

This paper investigates the value effect of tax avoidance and its underlying mechanisms among Chinese listed local government-controlled (LG) firms. We show that tax avoidance does not promote firm value in LG firms with government ownership smaller than 40 percent and the above negative tunnelling effect is more pronounced when the control rights are concentrated in the local government and weaker when other large shareholders can act as a countervailing force. Finally, we observe a positive relation between tax avoidance and related-party transactions as well as overinvestment, again indicating a tunnelling effect in LG firms with government ownership smaller than 40 percent.     

中国商业银行净利差率影响因素研究——基于1999—2006的经验证据

本文利用中国26家商业银行1999—2006年的数据,实证检验了商业银行净利差率影响因素及其变化,揭示了利率市场化改革对商业银行利率定价行为的影响。结论如下:(1)资本充足性监管对商业银行利率定价行为影响显著,基准利率对商业银行定价行为影响逐渐减弱;(2)商业银行自主定价能力正逐步形成,其中以2004年利率市场化改革措施影响最为明显;(3)经营区域限制因素对商业银行净利差决定因素产生一定影响。