芡扬高原精神 做好金融服务——访中国建设锻行黢份有限公司青海省分行行长张柏良

青海省位于青藏高原东北部．东西长约1200公里，南北宽800公里．面积为72万平方公里。     

高增益低副瓣面雷达无线结构电器参数的计算方法

天线设计中实现高增益、高效率、低副瓣总是相互矛盾的。本文以国产某型雷达的天线系统为设计目标,介绍一种将雷达天线有关参数归结到一个数学模型上,以便用计算机进行模拟和辅助设计。反设计结果表明,用此数学模型进行设计,比传统的查曲线法有准确、迅速等优点。     

The Relation Among Targets' R&D Activities, Acquirers' Returns, and In-Process R&D in the US

Abstract:  Using a sample of 129 mergers and acquisitions (M&As) in the US between publicly traded acquirers and targets in research and development (R&D) intensive industries over the period of 1994-2004 and a size- and industry-matched sample, we examine the relation among targets' R&D activities, the probability of acquirers' writing-off in-process R&D (IPRD), and acquirers' returns around the time of M&A announcements. We find that firms acquiring targets with higher R&D investments tend to write off some of the acquired R&D assets upon the completion of the M&As. We also find that the median cumulative abnormal return during the three days around M&A announcements for acquirers with subsequent IPRD write-offs is −2.73% while the return for acquirers without IPRD write-offs is −0.60%. This suggests that acquirers' stock returns around M&A announcements are much lower when investors expect acquirers to expense IPRD. The results are consistent with our conjecture that acquirers tend to write-off IPRD when they acquire overvalued targets. We also find that IPRD write-offs do not increase earnings or stock returns of acquirers after M&As, which is inconsistent with an earnings management hypothesis.     

美国融资租赁公司盈利模式分析及对中国的启示

中美租赁公司的盈利模式存在较大差异,这种差异不仅来自发展阶段的不同,更与两国金融市场发展水平、政策监管、税收及法律等综合外部环境息息相关。美国银行系租赁公司的收入主要来源于利差、交易和余值收入,中国银行系租赁公司目前业务结构单一,集中于利差收入,业务和风险与银行趋同,其盈利模式必须逐渐多元化。要实现这一转变,有赖于外部政策和市场环境的变化,也需要租赁公司自身主动调整。     

川南城市群工业发展及其物流规划研究

川南城市群作为成渝城市群中的一个重点工业经济圈,其工业经济与物流的发展有极其重要的战略意义。通过分析区域经济联系、区位商优势,对川南城市群工业发展以及物流市场进行了划分。利用spss软件的主成分分析,对川南各市综合物流发展现状进行了评价,再通过与成都市各项指标的比较,提供了确定物流节点数量的方法,并运用聚类分析对川南各市进行了分类,为进一步物流规划提供了理论基础。     

我国技术中介市场的“脱媒效应”及其经济学解释——基于阶层结构模型的视角

"脱媒效应"是技术中介市场上游环节不健全的集中体现,不同转型路径的帕累托改善条件主要由层级收益指数的大小决定,层次收益的方向与强度将对不同路径的层级值产生影响,同时由交易型路径直接向创业创新型路径转型的改善条件最优。我国技术中介市场顶层设计的关键是促进技术中介市场由支持交易型向支持创业创新型直接转变,将技术中介的功能分工与政府的作用相结合,围绕阶层结构的不同环节对中介功能与组织进行多层次整合。     

工会化程度、劳动争议与经济增长——基于2000～2008年的面板数据

采用线性回归模型,以劳动争议案件作为代表劳动关系状况的一个综合性指标,重点考察了工会组建率、工会会员人数和劳动争议调解委员会单位数等工会化程度指标对劳动争议案件的影响。结果表明,在控制经济增长等变量的条件下,工会化程度与劳动争议案件呈正相关关系。     

研发存量、研发经费来源与知识生产效率

技术创新的原动力来源于知识生产,本文通过估计劳动和资本的存量来研究和比较知识生产效率,并比较政府的科技研发政策对知识生产产出的差异性影响。利用2001-2010年中国各省区市各类型专利技术申请数、资本存量、人力资本存量、研发经费来源数据进行GMM动态面板估计,分析研发各要素存量对知识产出弹性的作用,并比较研发经费来源对各类型专利技术申请量的影响,结果显示:研发人力资本存量和固定资本存量对知识产出存在显著性作用,其中研发人力资本存量的影响更大;以研发经费为主的政府支持政策对知识的产出作用也较为明显。     

Determinants of consumers’ intentions to use smartphones apps for flight ticket bookings

This study examines customers’ adoption and acceptance of smartphone apps to book their flight tickets. By integrating customers’ innovativeness, involvement and perceived trust as additional variables, this study extends the Unified Theory of Acceptance and Use of Technology (UTAUT) and proposes a theoretical model that includes seven explanatory variables of the customers’ behavioural intentions: performance expectancy, effort expectancy, social influence, facilitating conditions, customers’ innovativeness, customers’ involvement and perceived trust. Data were collected from 369 customers who had booked their flight tickets via smartphone apps and was further analysed by employing partial least squares (PLS). Findings suggest that performance expectancy, facilitating conditions, customer innovativeness and perceived trust are positive and significant determinants of customers’ intentions to book their flight tickets on smartphone apps. Accordingly, several important implications for academics and industry decision makers are formulated.