Revisiting the Effective Rate of Protection in the Late Stages of Chinese Industrialisation

In this paper, we generalise conventional measures of the effective rate of protection by: (i) relaxing their small‐country assumptions; (ii) taking into account multiple stages of production; and (iii) abstracting away from their assumptions on the time‐invariance of the underlying technology using annual IO tables. We apply our new measure to China's structure of tariff protection from 1992 to 2010. When compared to conventional measures, we find its effective rates of protection to be smaller in magnitude and even negative in some sectors. The new measures are also related to industry characteristics in sensible ways, calling into question the applicability of conventional measures in the context of present‐day China.     

Corporate Opacity and Cost of Debt for Family Firms

This paper uses a sample of Chinese firms to examine the impact of corporate opacity on the relationship between family control and firms’ cost of debt. We find that family control is associated with a lower cost of debt on average, and a negative impact exists mainly in firms with relatively low corporate opacity. We further provide evidence that the moderating effect of corporate opacity becomes more pronounced when investors’ perception of controlling families’ moral hazard of expropriation is higher. Our results are robust to alternative opacity proxies and controlling for endogeneity of family control using the instrumental variable method. Our study highlights that controlling families are heterogeneous in their impact on the shareholder–debtholder relationship in family firms, and debtholders view corporate opacity as an important reference in assessing the extent of potential agency conflicts in China.     

国库现金转存商业银行的货币效应分析及管理建议

近年来,我国国库现金余额因国家财力增长及预算收支进度不均衡等因素出现大幅上升,闲置国库现金运用对货币供应的影响日益显著。该文根据商业银行资产运用特点,通过模型构建简单分析了国库现金转存商业银行的年度货币效应,以揭示其货币效应的影响因素,并从建立健全法规规章、提高国库收支预测水平等方面,提出进一步完善国库现金业务管理的相关建议。     

CEOs’ Poverty Experience and Corporate Social Responsibility: Are CEOs Who Have Experienced Poverty More Generous?

Journal of Business Ethics - This study examines whether the chief executive officer’s (CEO’s) poverty experience has an impact on firms’ corporate social responsibility (CSR). We...     

Factors influencing theme park visitor brand-switching behaviour as based on visitor perception

With the development of theme parks, which represent a multi-million-pound industry worldwide, research investigating the factors affecting theme park visitor brand-switching behaviour is an important method for improving theme park competitiveness. In the present work, models and research hypothesis are constructed based on visitor perception, and the survey data are collected and analysed to assess the hypothesis and to revise the conceptual model in this paper. The results indicate that there are seven factors influencing visitor brand-switching behaviour: ‘visitor variety-seeking', ‘visitor satisfaction', ‘switching cost', ‘perceived value', ‘competitor attraction', ‘theme park image' and ‘visitor involvement'. The perceived value and visitor satisfaction strongly influence brand-switching behaviour as intermediate variables. Visitor variety-seeking and competitor attraction are positively related to visitor brand switching behaviour, whereas the other five factors are negatively related to visitor brand-switching behaviour.     

新企业会计准则执行中存在的问题分析

从2007年1月开始实施的1项基本会计准则和38项具体会计准则,标志着与我国市场经济发展相适应、与国际惯例趋同化的新企业会计准则体系正式确立。新准则在执行中存在制度变迁成本较大、可操作性不强等问题,对会计人员的职业判断提出了更高的要求。为了解决存在的问题,应及时采取多种措施,包括出台解释公告、提高会计人员专业素质、完善新会计准则的各项配套政策等,使新企业会计准则得到有效实施。     

电子金融领域中消费者权益保护路径探析

进入21世纪,电子信息技术融入金融业,极大地推动了国内电子金融业务发展.但是,由于信息不对称、技术及经济实力悬殊、维权投拆路径不畅等问题,使消费者在电子金融交易活动中经常处于弱势.本文在分析我国消费者权益主权缺失现状的基础上,通过借鉴美、英、韩等发达国家的立法经验,从立法保护、纠纷解决、宣传教育等几个方面,对我国电子金融领域中消费者权益保护路径提出几点可行性建议.     

以迪斯尼为案例浅谈全球化趋势下的跨文化营销

在国际营销活动中,文化环境是极其重要而又极易被忽略的一个因素,文化差异往往成为企业跨国经营的无形壁垒。那么在国际营销过程中,文化差异问题该如何解决?本人个人认为,主动调整营销战略,积极融入当地市场是最好的解决方法。本文从文化差异的角度着手,以迪斯尼乐园为案例,通过对其在跨文化经营中的成功和失败的案例进行分析,阐述了跨文化运营中存在的问题,并提出了一些相关建议。     

云南知识密集型服务业的人力资源管理研究——以高校为例

高校作为知识密集型服务业的一个组成部分,师资作为其核心发展动力,师资的建设和管理对于如今知识经济高度发达的社会来说就非常重要,通过完善师资的建设来带动高校的发展。文章主要阐述了知识密集型服务业的人力资源管理的方式和特点,进而论述了知识密集型服务业中的高校的人力资源管理即师资管理的对策,并针对云南省发展的特点和云南省高校的特点展开论证。