International price competitiveness of Australia's MICE industry

A special‐interest tourist market that holds out great promise for continued growth well into the next century is that of MICE (meetings, incentives, conventions, exhibitions). At the same time, changing prices in particular destinations relative to others are regarded as one of the most important economic influences on destination shares of total international tourism flows. The question arises as to the price competitiveness of major competing MICE destinations. Although earlier research has recognised that a destination's price competitiveness differs according to a visitor's country of origin there has been relatively little attention paid to tourism price competitiveness from the perspective of those having different motives for travel. This paper has four major aims: first, to provide a method by which price competitiveness of tourism by journey purpose can be estimated; second, to construct price competitiveness indices that measure, absolutely and relative to major competitors world‐wide, the price competitiveness of Australia's MICE tourism industry; third, to compare Australia's price competitiveness as a MICE destination with its price competitiveness for total inbound tourism; fourth, to discuss the implications of the results for travel and tourism decision‐makers in both the private and public sectors. Copyright © 2001 John Wiley & Sons, Ltd.     

Investment Inefficiency and Corporate Social Responsibility

Journal of Productivity Analysis - We demonstrate how earlier approaches to model the impact that corporate social responsibility (CSR) has on investment inefficiency are likely to be incorrect and...     

Information sharing between mutual funds and auditors

This paper examines whether there is information sharing between mutual funds and their auditors about the auditors’ other listed firm clients. Using data from the Chinese market, we find that mutual funds earn higher profits from trading in firms that share the same auditors. The effects are more pronounced when firms have a more opaque information environment and when the audit partners for the fund and the partners for the listed firm share school ties. The evidence is consistent with information flowing from auditors to mutual funds, providing mutual funds with an information advantage in firms that share the same auditors. Our findings are robust to the use of audit-firm mergers and acquisitions (M&As) as exogenous shocks and several other robustness checks. We further find that auditors benefit by charging higher audit fees for mutual fund clients and by improving their audit quality for listed firm clients. Our study provides evidence of bi-directional information sharing between two important market intermediaries.     

高层管理者“刚健有为”思想量表设计及其对企业战略创新的作用机制研究

适时的战略创新是企业应对当前竞争环境恶化的关键举措。基于制度变迁理论的微观视角，构建并检验高层管理者文化主导信念——“刚健有为”思想测量量表及其对企业战略创新的影响模型，揭示高层管理者“刚健有为”思想对企业战略创新的作用机制。采用68家企业293份问卷调研数据进行实证检验，因子分析和层级回归分析结果发现：“刚健有为”思想量表由“自强不息”“厚德载物”“刚健中正”3个维度构成；高层管理者“刚健有为”思想对战略创新具有显著正向影响；高层管理者“刚健有为”思想对组织惯例更新具有显著正向影响；高层管理者学习导向和员工人力资本共同正向调节高层管理者“刚健有为”思想与组织惯例更新的关系；组织惯例更新能够显著提升企业战略创新水平，并在高层管理者“刚健有为”思想和战略创新间起中介作用。结论可为企业实施战略创新，在复杂恶劣环境中谋求生存和发展提供一定的管理启示。     

浅析邮政储蓄短信业务的发展策略

文章阐述了邮政储蓄短信业务发展的必要性,并从内部营销、前台营销、媒体营销、联动营销和分类营销五个方面,探讨了发展邮政储蓄短信业务的营销策略。     

邮政储蓄银行公司业务发展对策

文章对贵州省邮政储蓄银行公司业务的发展现状进行了分析，从开户数量、宣传手段、业务品种、激励机制等方面总结了公司业务开展中存在的问题，探讨了解决这些问题的思路与措施。     

Litigating crashes? Insights from security class actions

Investors tend to litigate large stock price declines, i.e., file ‘stock-drop lawsuits’. However, it is less clear whether the ex-ante threat of security class actions can deter stock price crashes in the first place. To answer this question, we exploit the 1999 ruling of the Ninth Circuit Court of Appeals that discourages security class actions as a quasi-exogenous shock, and find that reducing the threat of security class actions leads to a significant increase in stock price crash risk measured by negative skewness of stock returns. We reveal that the main effect is partially driven by a reduction in the timeliness of bad news disclosure and worsened earnings quality, which is consistent with the view that bad news hoarding serves as the key factor in the formation of a stock price crash. Our overall findings highlight the importance of security class actions in deterring the occurrence of firm-level negative tail events on the financial market.     

A correlation study of sustainable development goal (SDG) interactions

Quality & Quantity - As universities are the change agent of society, institutions from all nations set their goals to transform the world by exploring various societal challenges that humans...