Investor reaction to women directors

Existing studies on women directorships present equivocal results on the association between appointing women directors and firm performance. These studies tend to focus on western countries and largely ignore investors' reactions to such appointments. This paper applies the financial event study method and finds that investors generally respond positively to the appointment of women directors in Singaporean firms. Regression analyses also reveal that investors are most receptive when the women are independent directors and are least receptive when the directors assume the CEO role. This study not only tests the theory of gender diversity in an Asian context but also examines whether investors react systematically to the different positions that women directors hold on corporate boards, a question that has received little attention in prior studies.     

An Empirical Analysis of Hedonic Regression and Grid-Adjustment Techniques in Real Estate Appraisal

Multiple regression analysis has become increasingly popular when appraising residential properties for tax purposes. Alternatively, most fee appraisers and real estate brokers use the traditional sales comparison approach. This study combines the two techniques and uses multiple regression to generate the adjustment coefficients used in the grid adjustment method. The study compares the combined grid-regression method with ordinary regression and defines the market conditions under which each method is likely to be more effective. The grid-regression method is found to be more accurate for relatively homogeneous housing markets, and the multiplicative percentage adjustment method (MPAM) the preferred approach.     

论城市商业银行的市场定位

城市商业银行在化解风险中生存、在风险控制的实践中壮大、在改革创新中发展,已成为我国银行体系中的一支有生力量.但城市商业银行仍是一支很脆弱的力量,要想在激烈的业内竞争中茁壮成长,准确的市场定位是首要解决的问题之一.     

中国国际收支结构的变迁及启示

本文通过对1982～2004年间中国国际收支一级账户结构、次级账户结构和差额平衡结构的考察发现:中国国际收支结构的发展历程带有明显的政策烙印;“双顺差”的形成和发展具有相当的可持续性;正在进行的人民币汇率机制改革短期内对国际收支结构难以发挥显著的作用,长期来看影响深远。     

青霉素亚砜的制备

综述了以青霉素为原料,制备青霉素亚砚的2种重要方法。一种方法是先把青霉素制成青霉素羧酸酯,再氧化成青霉素亚现羧酸酯。另一种方法是直接把青霉素氧化成青霉素亚砜。     

价值链、价值创造与管理会计关系研究

随着科学技术的进步和生产力的发展,以及顾客消费水平的不断提高,管理会计面临着诸多困境,价值链会计管理应运而生,并且随着社会经济环境的不断变化,其对企业的影响会越来越明显,本文对此进行了探讨。     

快速城镇化对山东省粮食生产的挑战

随着经济的快速发展,中国城镇化水平不断提高。在快速城镇化发展过程中,大量耕地资源被城市建设占用,大批农村劳动力进入城市,农业水资源紧张态势日趋严峻,农业产业结构调整使粮食作物种植面积不断减少,这些都对粮食生产和粮食安全产生了不利影响。因此,要协调好城镇化发展和粮食生产的关系,合理规划城镇用地,以保障粮食生产及安全。     

结构加固类合同的履约分析

首先结合工程阐述结构加固的原因,其次对结构加固合同的主要内容作了详尽的分析,提出合同管理的控制方法,供业主们参考。     

劳动价值论:正确提问与科学创新

本文对劳动价值论研究中的一些思维误区和认识偏差进行了分析，认为深化对马克思主义劳动价值理论的认识，必须完整地、准确地把握这一理论的科学体系，认清其基本线索、基本关系、基本范畴，并以此为指导，紧密联系当今时代发展的新的实际，正确提问，科学创新。     

A multiregional model of China and its application

China's rapid economic transformation since 1979 has been accompanied by a stark regional disparity with the coastal provinces integrating swiftly into the world markets while inland regions lagging far behind in the industrialisation process. The growth imbalance has placed China's provinces into different stages of development and called for different policy responses to deal with different challenges they are facing. Similarly, a national policy initiated by the central government is likely to be interpreted and implemented in different ways when local governments take into consideration the different conditions in their localities. Therefore, it would be extremely valuable for policy makers and researchers to have an analytical tool that is capable of studying interactions among the provincial economies and the dynamic relationship between the centre and local governments. The multiregional econometric model of China presented in this paper is the first attempt to provide such a tool. The pioneering model consists of over 1200 equations, covering 30 provinces of China that are linked by inter-regional flows of goods and services. The model is used to study the impact of fiscal recentralisation in the 1990s. The counterfactual simulation results show that when China's central government diverted tax revenue from provincial governments, it achieved higher budgetary revenue for the central government but at the expense of lower overall budgetary revenue and slower economic growth.