公共危机管理与政府形象塑造

目前我国正处在从计划经济体制向市场经济体制、从传统农业向现代工业社会转轨过程中,在这样一个转型过程中涉及到很多方面的调整和改革,必然引起一些领域的突发事件的发生.在这样一个危机不断出现的全球背景下,探索政府危机管理的诱因以提高各国政府应对公共危机的能力以来塑造政府形象,成为当前各国的一个重要课题,也是各国政府以及各界人事普遍关注的焦点.     

Homemade equity offerings via dividend reinvestment and stock purchase plans

This paper investigates equity issuances through dividend reinvestment and stock purchase plans (DRSPPs). Using a unique sample collected from security registration filings, we show that firms can issue new shares through DRSPPs without using underwriters and consequently, save a large part of direct costs. This economical form of equity offering helps high dividend paying firms retain a substantial amount of cash flow from operations. With this innovative strategic practice of capital-raising, we provide direct evidence showing that the pecking order still drives firms' financing. Furthermore, equity offerings via DRSPPs can avoid negative stock market reactions around the issuance date.     

论民营银行市场准入压抑问题

在经济转轨时期,我国金融领域存在着明显的民营银行市场准入压抑问题。民营银行市场准入压抑的形成机理在于:决策层顾虑发展民营银行会削弱国家对金融资源的控制,降低金融宏观调控效果,影响国有企业改革等。然而,随着经济和金融环境的变化,尤其是民营经济的快速发展,民营银行市场准入压抑催生的金融问题日益凸现。在国家综合经济实力的增强,金融调控和监管机制的不断完善的条件下,逐步解除民营银行市场准入压抑,应成为深化金融体制改革的理性选择。     

股权全流通下上市公司有效治理体系的构建途径

股权分置格局下“一股独大”使内部治理机制扭曲,市场监控乏力,外部利益相关者监督缺位,导致外部治理缺失,使上市公司治理机制难以发挥有效的作用。然而,在股权全流通条件下,多层次代理所造成的治理问题依然存在。本文认为,构建有效的上市公司治理体系,应以内部治理为切入点,实施制度创新,建立和完善外部市场监控,外部利益相关者共同治理。只有通过有效改造影响治理机制的间接代理关系,加强对代理链条环节的有效监督,才能有效提高上市公司治理效率。     

CVM 评估休闲农地的存在价值——以武汉市和平农庄为例

研究目的：以武汉市和平农庄为例,对休闲农地的存在价值进行估算。研究方法：在武汉市对和平农庄样本游客进行问卷调查的基础上,采用条件价值法（CVM）进行估算。研究结果：（1）年龄与支付意愿呈显著负相关;（2）被调查者是否为公务员与支付意愿值显著负相关;（3）取支付意愿值的中位值41.5元计算得出和平农庄的存在价值为33684166.67元。研究结论：休闲农地的存在价值量巨大,应在估算农地总价值及农地保护决策中引起重视。     

The effects of information sharing and interactivity on the intention to use social networking websites

Social networking sites (SNSs), which satisfy the primary demands of making friends, learning, and shopping, and are inseparable from human life, have been booming in recent years that domestic or international websites have endeavored to have users access to their websites. This study proposed relational model to examine the intention to use SNSs, and also applied a questionnaire survey to examine differences in this intention among various user groups. The findings indicated that that, in order to promote the intention to use social networking sites, managers should work to enhance interactivity and information sharing, and should also consider the feelings and attitudes of users. Different user groups lead to different outcomes with regard to the intention to use model developed in this work. However, the intention to use of most users in the sample groups was enhanced by the SNSs characteristics of information sharing and perceived playfulness.     

NONPARAMETRIC ESTIMATION OF ENTRY COST IN FIRST‐PRICE PROCUREMENT AUCTIONS

In this paper, I investigate Samuelson's low‐price auction model with entry costs. The model's equilibrium implies that the distribution of bids is truncated at the threshold for participation. I use the model to estimate the cost of participation in Michigan highway procurement auctions. The null hypothesis of zero entry costs is rejected. Using my empirical results, I then construct an estimate of the optimal auction, which employs regular policy tools such as entry fees. Finally, I demonstrate the savings that the Michigan government could have made on payments if optimal auctions had been employed. Copyright © 2012 John Wiley & Sons, Ltd.     

Applying the Technology Acceptance Model to the introduction of healthcare information systems

With the rapid development of information systems and advances in healthcare technology paired with current concerns arise over patients' safety and how to cure them efficiently, the healthcare information systems are attracting the attention of more and more people. The purpose of this study is to propose a conceptual model, appropriate for the intention to use healthcare information systems, by adopting the system, service, and information qualities covered in the Information System Success Model proposed by DeLone and Mclean [1] as the external variables and integrating the three dimensions of perceived usefulness, perceived ease of use, and intention to use — referred to in Venkatesh and Davis' updated Technology Acceptance Model, TAM [2]. This study first analyzes relevant researches on the intention to use such systems as the basis for the questionnaire design, then conducts questionnaire survey among district hospital nurses, head directors, and other related personnel. After the questionnaires are collected, SEM is used to analyze the data. The analysis shows that the proposed factors positively influence users' intention to use a healthcare system. Information, service and system quality influence user's intention through the mediating constructs, perceived usefulness and perceived ease-of-use. Managerial implications are provided accordingly. Suggestions for introducing healthcare information system are then provided as well.     

The Influence of Merger and Acquisition Activities on Corporate Performance in the Taiwanese Telecommunications Industry

This study attempts to make an empirical contribution to the understanding of corporate performance in the telecommunications industry. Data envelopment analysis (DEA) is performed to assess corporate performance for the telecommunications sector in Taiwan and the relationships between corporate performance and merger and acquisition (M&A) transactions. The empirical results reveal that M&A strategy does not seem to enhance corporate performance in the telecommunications industry, whilst an internal growth strategy does improve corporate performance.     

Reducing Risk Through Pooling and Selective Reinsurance Using Simulated Annealing: An Example from Crop Insurance

Agricultural insurance is often faced with the challenge of systemic risk, arising from weather risks that tend to be correlated within a specific region in extreme situations, resulting in large crop losses within the region. However, across many regions, especially if regions are considerable distances apart, weather may be quite different and losses may be much less correlated. The objective of this paper is to improve the diversification of a crop insurance portfolio, through developing a new alternative risk management approach (Model 3) that pools crop risks across all provinces in a country to form a Canada-wide joint insurance pool. This is in contrast to the current approach used in Canada, where crop risks are pooled only within an individual province. Then using a simulated annealing optimization approach, the most suitable combination of the 150 crop types in the portfolio is identified for either retaining in the joint insurance pool or for ceding to reinsurers, such that the variance of the loss coverage ratio of the portfolio is minimized. This model overcomes the problem of insufficient diversification that makes pooling of systemic weather risk challenging. It achieves diversification at a lower cost by using a more efficient combination of pooling and selective reinsurance, resulting in overall higher surplus, higher survival probability, and lower deficit at ruin.