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41.
In this article, we empirically assess the impact of corporate ethical identity (CEI) on a firm’s financial performance. Drawing
on formulations of normative and instrumental stakeholder theory, we argue that firms with a strong ethical identity achieve
a greater degree of stakeholder satisfaction (SS), which, in turn, positively influences a firm’s financial performance. We
analyze two dimensions of the CEI of firms: corporate revealed ethics and corporate applied ethics. Our results indicate that revealed ethics has informational worth and enhances shareholder value, whereas applied ethics
has a positive impact through the improvement of SS. However, revealed ethics by itself (i.e. decoupled from ethical initiatives)
is not sufficient to boost economic performance.
Pascual Berrone is a PhD candidate of the Business Administration and Quantitative Methods Ph.D. program at the Universidad
Carlos III de Madrid. His current research interests focus on business ethics, stakeholder theory, and various aspects of
the interface between corporate governance mechanisms and corporate social responsibility. His interests also include ethical,
environmental and social issues and their impact on firms' overall performance.
Dr. Jordi Surroca is an Assistant Professor of Management at the Department of Business Administration at the Universidad
Carlos III de Madrid. He holds a PhD in Business Administration and a Licentiate Degree in Business and Economics from Universitat
Autònoma de Barcelona. His research interests center on stakeholder management, firm strategy, innovation, and corporate governance.
Dr. Josep A. Tribó is Associate Professor of Finance in the Department of Business Administration at the Universidad Carlos
III de Madrid. He has a PhD in Economic Analysis from the Universitat Autònoma de Barcelona and a Licenciate Degree in Theoretical
Physics by Universitat de Barcelona. His research interests are Corporate Finance and the financing of R&D. His work has been
published in journals such as Applied Economics, International Journal of Production Economics. 相似文献
42.
The Blocking Lemma identifies a particular blocking pair for each non-stable and individually rational matching that is preferred by some agents of one side of the market to their optimal stable matching. Its interest lies in the fact that it has been an instrumental result to prove key results on matching. For instance, the fact that in the college admissions problem the workers-optimal stable mechanism is group strategy-proof for the workers and the strong stability theorem in the marriage model follow directly from the Blocking Lemma. However, it is known that the Blocking Lemma and its consequences do not hold in the general many-to-one matching model in which firms have substitutable preference relations. We show that the Blocking Lemma holds for the many-to-one matching model in which firms’ preference relations are, in addition to substitutable, quota q-separable. We also show that the Blocking Lemma holds on a subset of substitutable preference profiles if and only if the workers-optimal stable mechanism is group strategy-proof for the workers on this subset of profiles. 相似文献
43.
We use a mechanism‐design approach to study a team whose members select a joint project and exert individual efforts to execute it. Members have private information about the qualities of alternative projects. Information sharing is obstructed by a trade‐off between adaptation and motivation. We determine the conditions under which first‐best project and effort choices are implementable and show that these conditions can become relaxed as the team grows in size. We also characterize the second‐best mechanism and find that it may include a “motivational bias,” that is, a bias in favor of the team's initially preferred project, and higher‐than‐optimal effort by uninformed team members. 相似文献
44.
Esther Vayá Joaquín Murillo Javier Romaní Jordi Suriñach 《Journal of Travel & Tourism Marketing》2018,35(4):479-492
ABSTRACTThis article shows the methodology and the main figures of the local and regional economic impact generated by cruise activity. This article is pioneering in combining different issues: estimating the impact of the cruise port activity, presenting these impacts disaggregated at a sectoral level, using a rigorous methodology and carrying out extensive fieldwork. It is demonstrated that all sectors, not just traditional tourism-related sectors, benefit from cruise tourism. In order to test and apply our methodology we focus the analysis on the Port of Barcelona, which has become the leading cruise port in the Mediterranean area. 相似文献
45.
The purpose of this paper is to calculate pruchasing power parity rates and the real exchange rate using several methods of calculation to estimate long-run equilibrium real exchange rates in transition economies, mainly in Eastern European countries considered in transition, such as Poland. The authors calculate different measures of exchange rate misalignment (absolute and relative deviations from long-run equilibrium). Each measure is calculated using different price indices, which include consumer price indices, GDP deflactor, and unit labor cost. The expected values of these variables are used. To calculate the long-run equilibrium, different methods such as an error correction equation and a forward-looking model are utilized, and again, the expected values of the variables are introduced along with new variables. The estimation of the long-run cointegration equation of the equilibrium real exchange rate and the corresponding dynamic error correction specification strongly corroborates the model and produced fairly consistent results across the countries under study. Using appropriated proxies, the estimated long run equations were used to derive indices of the equilibrium real exchange rate. 相似文献
46.
The purpose of this paper is to provide a way for better measuring a country's global income when official statistics fail
to account for the existence of a thriving underground, or black economy. Another purpose of this research is to discuss adequate
ways to perform international comparisons of income, and income per head, and to correct for depreciation. Besides the general
interest of this problem, there are two more specific reasons behind this work. First, the allocation of development funds
by international agencies (for example, the structural funds in the European monetary system) are conditioned on this measure.
Second, the measurement of unemployment may be totally distorted by failing to account for the hidden economy.
This paper has benefitted from comments by the participants at the Forty-Seventh International Atlantic Economic Conference,
Vienna, Austria, March 16–23, 1999, and especially Michael Pickhardt. Financial support is acknowledged from the Dirección
General de Ciencia y Tecnología, under project SEC 98-1112, and the Junta Castilla y León, under project SA 29/99. Comments
by the participants at the 1997 Applied Econometrics Association conference on public deficits are also acknowledged. The
authors are solely responsible for any remaining errors. 相似文献
47.
The Dixit (Econ J 90:95–106, 1980) hypothesis that incumbents use investment in capacity to deter potential entrants has found
little empirical support. Bagwell and Ramey (J Econ 27:660–680, 1996) propose a model where, in the unique game-theoretic
prediction based on forward induction or iterated elimination of weakly-dominated strategies, the incumbent does not have
the strategic advantage. We conduct an experiment with games inspired by these models. In the Dixit-style game, the incumbent
monopolizes the market most of the time even without the investment in capacity. In our Bagwell-and-Ramey-style game, the
incumbent also tends to keep the market, in contrast to the predictions of an entrant advantage. Nevertheless, we find strong
evidence that forward induction affects the behavior of most participants. The results of our games suggest that players perceive
that the first mover has an advantage without having to pre-commit capacity. In our Bagwell–Ramey game, evolution and learning
do not drive out this perception. We back these claims with data analysis and a theoretical framework for dynamics.
Financial support by the Spanish Ministerio de Ciencia and Tecnología (SEC2002-01352 and SEJ2006-11665-C02-01) and the Barcelona Economic Program of CREA and excellent research assistance by
David Rodríguez are gratefully acknowledged. The authors thank Aurora García Gallego and Armin Schmutzler for helpful comments. 相似文献
48.
Jordi Vilaseca-Requena Joan Torrent-Sellens Antoni Meseguer-Artola Inma Rodríguez-Ardura 《International Advances in Economic Research》2007,13(2):222-241
This work aims to explain firms’ decisions to adopt Internet-based e-commerce, and the extent to which the adopters subsequently
implement e-commerce to commercialize their products and services. We examine various types of factors previously considered
by the literature (competitive environment, organizational characteristics, strategic orientation, innovative capacity, managers’
characteristics, IT equipment possessed and the use made of it). The analytical model developed here on the basis of a sample
of 2,038 firms suggests that the factors influencing the adoption decision are different from those that eventually influence
the results of firms’ commercial operations on the Internet. Likewise, we discuss the contribution of each type of determinant
and the implications.
相似文献
49.
In experiments with two-person sequential games we analyze whether responses to favorable and unfavorable actions depend on the elicitation procedure. In our hot treatment the second player responds to the first player's observed action while in our cold treatment we follow the strategy method and have the second player decide on a contingent action for each and every possible first player move, without first observing this move. Our analysis centers on the degree to which subjects deviate from the maximization of their pecuniary rewards, as a response to others' actions. Our results show no difference in behavior between the two treatments. We also find evidence of the stability of subjects' preferences with respect to their behavior over time and to the consistency of their choices as first and second mover. 相似文献
50.
Atieh S. Mirfakhar Jordi Trullen Mireia Valverde 《International Journal of Human Resource Management》2018,29(22):3001-3025
AbstractDespite the importance of effective implementation of HR policies and practices for the achievement of HR outcomes, this remains an area of research to which HR scholars have paid limited attention, without a clear conceptualization of constructs and a lack of consolidation of research findings. Moreover, the field does not avail of an organized corpus of knowledge to guide how to accomplish the successful implementation of HR practices. As a response to this situation, the present study provides a review of empirically grounded evidences about antecedents that can influence effective HR implementation. With the results of the review, we generate a model that organizes the elements identified according to content, context and process, and that proposes relationships among them. The study also delineates much-needed avenues for further research on this topic, and constitutes a first step to claim attention for the phenomenon of HR implementation among HR scholars. 相似文献