Measuring new product success: an empirical investigation of Australian SMEs

New product development (NPD) has long been recognised as one of the corporate core functions. However, measuring new product success has remained elusive. This paper attempts to examine several conceptual issues underlining the measurement of new product success and the measurement practice adopted in Australian small and medium enterprises (SMEs). The sample included 276 SMEs from two most innovative industries: chemical and machinery industries. Results have indicated that four factors underline the commonly used success measurement: financial performance, objective market acceptance, subjective market acceptance, and product-level measures. These four factors are related to each other and can be used to well predict the overall measurement. The most frequently used specific measures in Australian SMEs are customer acceptance, customer satisfaction, product performance, and quality.     

数字化转型与企业价值——基于文本分析方法的经验证据

本文基于中国上市企业2007-2019年数据,借助爬虫技术归集企业年报中的"数字化转型"关键词,实证检验数字化转型对企业价值的影响及其渠道机制.研究发现,数字化转型能够显著提升企业的价值水平.异质性检验结果发现,企业数字化转型对于"国有企业-非国有企业"的价值水平都具有显著的正向驱动作用,但对于非国有企业而言,这种促进作用更为明显;企业数字化转型对"高科技企业-非高科技企业"的价值都具有显著的正向促进作用,对于其中的高科技企业而言,这种促进作用更为明显.从渠道机制检验来看,企业数字化转型能够有效提升技术创新能力、增强要素配置水平并对风险具有更强的可控力,这些因素的改善,都有助于企业价值水平的增加.     

澳大利亚、新西兰政府扶持小企业发展的经验及思考

加强政府对小企业发展的扶持,创新扶持的方式,是我国经济发展中面临的课题。作者通过对澳大利亚、新西兰扶持小企业发展情况的考察,论述了两国政府对小企业管理和扶持的系统做法,重点介绍了澳大利亚政府所资助的商业企业服务中心(简称BEC)的职能、体系、运作方式、服务内容和标准,阐述了政府对BEC实施管理和服务的方式方法,并结合作者所在市实际,对地方政府借鉴澳、新经验构筑中小企业服务平台,运用市场机制发展类似商业企业服务中心等机构,加强对中小企业的政策扶持,提高支持中小企业发展的组织程序提出了对策建议。     

中国被忽视的非正规经济：现实与理论

中国的“非正规经济”就业人员（即没有工作保障,缺少福利和不受国家劳动法保护的劳工）已占今天2．83亿城镇就业人员总数中的1．68亿,比正规就业人员要多出一倍半。但是,今目的中国国家统计机构尚未真正正视非正规经济就业人员统计。其部分原因是当前的主流经济（以及社会）理论——即主要来自20世纪60年代在美国盛行的“二元经济”理论、“三部门理论”和“橄榄型”社会结构理论——的误导。这些理论共同构成了50年代和60年代风行美国的“现代化”模式。本文扼要论述该模式的关键论点,进而回顾70年代和80年代发展经济学“革命”中有关学者对其所作的批评,以及后来新古典经济学在美国新保守主义领导下进行的“反革命”辩驳,重在揭示论争双方的意识形态化偏颇,并突出各自的洞见,提倡适当结合双方正确的见解,由此建立去意识形态化的理论观点,以助于理解今天非正规经济的现实。     

The value of combining the information content of analyst recommendations and target prices

In assessing the usefulness of the analysts’ stock picking advice, the extant literature has largely focused on the profitability of either their stock recommendations or target prices in isolation. In this paper, we examine the profitability of investment strategies that exploit the information analysts convey through revisions in both their stock recommendations and target prices. We find that these strategies significantly outperform the comparable strategies that make use of only one analyst output.     

高职服装专业英语课程教学改革的实践与研究

高职服装专业英语课程的设置,应当以"就业为导向",根据企业对掌握服装英语人才的实际能力需求,进一步明确其在服装专业课程中的定位和设计思路,并以项目为载体对课程内容进行重组,通过多种方式创新教学模式,达到该课程的改革目的和教育教学目标。     

交易成本对易货经济的影响——瓦尔拉斯均衡“不成立”的一种情形

本文首先用一种新的解析几何方法在易货经济 (即两种商品的纯交换经济 )条件下的一般均衡框架下揭示了价格与消费者的马歇尔需求之间的函数关系。在此基础上 ,由个人承担的交易成本被直接置入。然后 ,本文证明 :如果交易成本的固定项不为零 ,供、求函数将不连续 ;如果同时有非无穷小比例的人口进行同步化决策 ,那么瓦尔拉斯均衡将会被破坏     

The asymmetric information and price manipulation in stock market

The interaction between asymmetrically informed traders has been mostly investigated in theoretical frameworks. Not only there are relatively few empirical studies but, if any, the mostly focus on cross-sectional analysis and use very short samples. In this study, we blend theoretic with empirical, and propose a new signalling system of turning points in the economy to examine the extent of volatility of these markets relative to their tranquil periods. The signalling system proposed here is based on the Markov-switching model. Differing from the existing literatures, the study employs three phases and time-varying transition probability, and captures the states of volatility. After examining the causality between high volatility and foreign portfolio investment (FPI) by using moving average and generalized autoregressive conditional heteroskedasticity, the portfolio's profitability of FPI and individual investors in different periods are compared. Finally, the investigation of FPI's leading effect is studied.     

Evaluating the operational performance of knowledge-based industries: the perspective of intellectual capital

Performance evaluation is more than a quantitative concept but should also take industrial characteristics into account in order to form an accurate evaluation. In the past, evaluations of the operational performance of knowledge-based industries have missed out a significant factor, which is intellectual capital (IC). By adopting data envelopment analysis (DEA), a multiple-objective decision making method, this study aims to construct an efficiency evaluation model for the Taiwanese digital content industry based on the perspective of IC. The empirical results suggest that the scale of the digital content companies does play an important role in influencing the operating efficiency. The firms have a small amount of capital can still attain optimal efficiency, from the perspective of IC. In addition, human resource capital and customer capital are the most significant influential factors that deserve digital content firms’ attention. It is suggested that enterprises in the digital content industries should focus more on managing their IC. DEA can provide the semiconductor firms’ operations with insights into resource allocation and competitive advantage as well as help with strategic decision-making.     

机制砂的性能及其对混凝土性能的影响

以往对混凝土的研究,土木工作者把更多的注意力放在了水泥、水灰比、外加剂以及粉煤灰和硅灰等外掺材料上。集料也是混凝土的重要组成部分,在混凝土中占有很重要的地位。随着土木建设的日趋发展和完善,天然砂日益紧缺,我们应重新审视集料对混凝土性能的影响。本文就着手研究用机制砂取代河砂对混凝土性能的影响。