The deregulatory effects of the Telecommunications Act of 1996 on the broadcasting industry: Expectations vs. reality

The broadcasting industry experienced drastic deregulation with the passage of the Telecommunications Act of 1996. This study examines the capital market reactions to the passage of the Act and aftermath changes in profitability and efficiency in the broadcasting industry. This study finds that the deregulation, particularly relaxing the rules for broadcast ownership, had significant positive effects on stock returns for the broadcasting firms. Among them, firms focusing on broadcasting business and small television groups gained more from the deregulation in terms of increases in market value, as opposed to diversified and large television groups. The longitudinal analysis indicates that the profitability of broadcasting firms in terms of return on sales improved after the Act. This can mainly be attributed to broadcasting firm’s increased market power that resulted from increased industry concentration. Profitability in terms of return on assets, however, deteriorated after the Act, which can be attributed to decreased operating efficiency represented by asset turnover. We find no evidence that the deregulation improved the broadcasting industry’s efficiency of employees to generate sales. Our findings question the notion that the deregulation would help the industry to improve its operating efficiency by achieving economies of scale.     

Men's Suits Sales value of BJ Worth CNY35.71million in Nov.2011

Sales value of men's suits in Beijing 22 mid-to-high range department stores in Nov.2011 was CNY35.7074 million,up 8.07％ m/m(+5.2％ y/y),according to Beijing Commercial Information Consultation Center..Accumulated sales value in Jan～Nov.was CNY304 million,more 10％ lower than the corresponding period last year.Looking further into the sales rank of department stores,Wangfujing Department Store,Cuiwei Place and Yansha Youyi Shopping City reported highest comparable sales in November 2011;Among them,Wangfujing Department Store reported a CNY6.36million sales value,claiming the top rank.Looking further into the sales rank of brands,S.D.Spontini,Kwunkeetailor and VICTOR reported highest comparable sales in November 2011.     

政府汽车税费激励政策的效应研究——基于燃油经济性及节能减排的视角

政府为了确保汽车产业的健康发展,制定了一系列汽车税费激励政策,力图体现公平、科学的理念,引导民众合理消费,促进汽车产业组织结构调整和产品结构调整,达到经济增长,环境保护与能源节约"多赢"的局面。文章在剖析发达国家汽车税费激励政策效应的基础上,对我国现行的汽车税费激励政策提出了相应的优化建议。     

城市循环经济发展路径研究

城市循环经济的发展越来越成为当前研究的热点。城市循环经济的发展路径主要从以下几个方面考虑,构建城市循环经济产业链、创建循环型企业、创建循环型工业园、创建循环型社会。     

参与式预算的路径选择——基于巴西与中国的实践

参与式预算在一定程度上打破了原有体制下相对封闭的预算运行模式,唤醒了百姓的民主意识和参与意识,为民意的充分表达提供了平台,同时提高了资金的使用效率。本文在考察中国和巴西参与式预算实践的基础上,通过对参与式预算理论的研究,深入剖析两国参与式预算的差异与成因,总结并得出对我国的综合启示,力求寻找到一条适合我国国情、符合区域实情的参与式预算实施之路,以此来改革和创新预算编制和预算管理,更好地推进地方政府建设。     

基于淡化用工身份的薪酬分配体系的构建与实施

贵州省铜仁地区烟草专卖局围绕企业发展，在人事、用工、分配制度方面进行了一系列改革创新，特别在淡化用工身份，建立新型薪酬分配体系方面的改革，为同行提供了借鉴。     

竞争方式转变与网络组织风险分析

竞争无所不在,它在促进宏观经济发展的同时,也从微观上加剧了人们的恐慌心理。许多人把整个经济发展轨迹称之为一部竞争发展史,但本文却把它看成是一部竞争规避史:从你死我活的点竞争到竞争中合作的线竞争,再到合作中竞争的面竞争,与此相对应,企业组织方式也从单个企业到集群企业,再到网络组织,合作因素逐渐增加,竞争因素逐渐减少,并从显性走向了隐性。隐性化的竞争却为网络组织的平稳运行埋下了安全隐患。     

DL/I技术浅析

本文针对ＩＢＭ公司ＤＬ／Ｉ数据库的数据模式、程序调用、出错信息等方面，详细论述其定义和格式，以及程序调用的一些技巧。     

浅议加强大学生的思想道德教育

针对当今大学生中生活方式上存在着的互相攀比现象和沾染的社会上的不良习气 ,文章不无担心地提出要在学校、家庭、社会三方面抓紧对青年学生的思想道德教育 ,并提出了具体方法 ,使跨世纪的一代大学生 ,能够肩负起重要的历史使命。