Is the January effect still alive in the futures markets?

The January effect concerns the fact that small capitalization stocks have historically outperformed large capitalized stocks in January. We analyze evidence as to whether this anomaly can be exploited in the futures markets as a speculative investment or to add risk-adjusted value to portfolio performance. We find that the January effect is still alive in the futures markets on the Value Line minus S&P 500 spread trade, but that the marginal liquidity of the Value Line stock index futures contract has made it very risky to exploit the effect. Historically from 1982/3 to 2004/5, the trade has been profitable. This anomaly was also exploitable through a Russell 2000 minus S&P 500 spread trade from 1993/4 to 2004/5.

成都旅游形象重新定位探讨——以多元分析的观点

近年来,成都在旅游形象定位上的摇摆不定,已成为困扰当地旅游业发展的一大制约因素。以多元分析的观点来分析以往定位形象的不足及成因,综合成都城市个性、游客本底感知形象、形象替代与叠加、形象演进态势等,将成都概括为"富丽天府都,百味休闲城"的总体形象定位。为实现投射形象与知觉形象相吻合,针对各目标区域市场,以实现构建系列化主题形象。     

网络环境下经济行为边界的确定

现代社会是信息社会,互联网和计算机应用是最明显的特征。人们基于网络参与经济决策与市场交易活动,道德理念、行为准则和行为安排发生了较大的变化。网络技术:一方面,极大地降低了交易费用;另一方面,由于经济行为的隐蔽性,追求经济利益的行为缺乏有效监督,人的趋利避害和机会主义倾向更容易诱发蓄意性诱导行为。在网络环境下,如何界定“经济人”的行为模式,怎样减少经济行为负的外部效应成为经济学理论研究的问题。本文主要讨论网络环境中“经济人”经济行为边界的确定。     

The great depression as a global currency crisis: An Argentine perspective

The Review of Austrian Economics - Many of the works that have tried to understand the proximate causes of the Great Depression have emphasized the consequences of maintaining the Gold Standard...     

西安世园会餐饮服务设施配置方案浅析

规划餐饮服务设施点是为了在世园会期间,解决游客高峰期就餐难的问题。首先根据世园会各大景点的布局,运用线性目标函数法,对餐饮服务设施点的位置进行分析研究。然后分析了人流量的分布和游客的购买概率,对服务设施点分布位置进行优化。同时,运用绿色物流配送流程保证服务质量和效率,以满足游客的需求。最后,阐述了在达到餐饮服务要求的基础上,服务设施点进行扩大化利用。     

The relationship between store image and store brand equity: A conceptual framework and evidence from hypermarkets

Retailers are making considerable efforts to improve their brand management. The challenge they face, however, is how best to integrate coherently their stores, as brands, and their various distributor brands (store brands, private labels, etc.), in order to increase their brand equity and offer the market differential value that will stimulate customer loyalty. From this perspective, it is crucial for retailers to investigate the relationship between the store and their own brands. This study proposes two theoretical models showing the mechanism whereby store image helps increase the equity of a specific type of distributor brand (the store brand). The approach used in this analysis is based, on the one hand, on defining brand equity through its components, using the model in Aaker (1991), and on the other, on including (social and strategic) corporate dimensions in measuring store image. The empirical research made in the hypermarket sector in the Basque province of Gipuzkoa backs the majority of the proposed hypotheses. The results show that store image can be used by retailers to influence all components of store brand equity, essentially through its commercial and strategic dimension. This research is intended to address the clear lack of research on store brand equity.     

Research into Quality Management and Social Responsibility

This article presents a systematic literature review on quality management and social responsibility (focusing on ethical and social issues). It uses the literature review to identify the parallels between quality management and social responsibility, the extent to which qualitative, quantitative and mixed methods are used, the countries that have contributed most to this area, and how the most common quality management practices facilitate social responsibility. The literature review covers articles about quality management and social responsibility (focusing on ethical and social categories) based on a computer search in three databases, namely ABI Inform, Emerald and Science Direct, and includes articles dealing with the subject that were found in the lists of references of the articles found in the primary search, as well as a search in six top management journals. The results show (1) the journals most likely to publish this type of article; (2) the range of qualitative, quantitative and mixed methods used; (3) the most productive countries in this field; (4) the parallels between quality management and social responsibility; and (5) how the most common quality management practices facilitate ethical behaviour and social aspects.     

城市规划设计与历史文化建筑保护

随着我国经济的高速发展,城市化的进程不断的加快,在城市规划设计的过程中大量具有历史文化意义的建筑群受到破坏.文章认为在现代城市建设的过程中,应该以科学为指导来进行规划设计,最终实现城市现代化和历史文化建筑的和谐共存.     

香菇粉的添加量对香菇挂面品质的影响

通过制作香菇挂面（以面粉为基准计,分别添加0、0．1％、0．5％、0．9％、1．3％、1．7％、2．1％、2．5％的香菇粉）,研究了挂面中添加不同量香菇粉后对挂面烹调时间、熟断条率、烹调损失以及含水量的影响,对不同的香菇粉添加量制作的面条进行了感官评定。结果表明：随着香菇粉的添加,会对面条的感官品质和蒸煮品质产生一定的影响。当添加量为1．3％时,面条的熟断条率最低;当香菇粉的添加量为0．1％时,面条的烹调损失最低;色泽评分在添加量为0．5％时最高。综合来看：尽量保持较高的香菇粉添加量对体现香菇挂面的功效有利,因此,香菇粉的适宜添加量在1．3％～1．7％。     

政府规制失灵的激励机制——基于郭京毅案的思考

随着现实问题的日益突出,政府规制已然成为学术界讨论的热点问题。基于政府规制理论框架,从信息收集、规制立法和行政裁决三个环节,全面审视郭京毅案中政府规制扭曲全过程,并在此基础上,探析政府规制失灵的内外部双重激励机制。