SCALE ECONOMIES OF THE FRANCHISED BUSES AND FERRIES OF HONG KONG, 1948–1998

The privatization of state transport operators has been driven by empirical discoveries in transport economic research of the constant or even diseconomies of scale of these operators. With reference to public records and official statistics, this paper is an initial attempt to examine the scale economies of and output relationship between major bus and ferry operators in Hong Kong during the period 1948–1998. The two franchised bus and two franchised ferry companies each experienced unique scale effects during different periods and correlated with each other in terms of production. The paper will also discuss the possible reasons for this phenomenon and policy concerns related to this finding.     

Relative price variability: Evidence from supply and demand events

Previous studies of relative price variability assume that all supply changes are unanticipated or that supply elasticities are equal across markets. In this paper, we extend these models by relaxing these restrictive assumptions. Our resulting theoretical expression for relative price dispersion reveals an independent role for unanticipated and anticipated supply events. Subjecting our model to empirical testing, we find that this dichotomy of supply shocks is not rejected by the data for the period 1970–1981.     

Ranking Journals Using Social Science Research Network Downloads

I use a new approach to rank journals, namely the number and percent frequency of articles a journal publishes that are heavily downloaded from the Social Science Research Network (SSRN). I rank 18 accounting and finance journals, and I identify five journals not considered by the two most recent major published ranking studies of publications by accounting faculty, namely (in rank order): Journal of Financial Economics, Review of Accounting Studies, Review of Quantitative Finance and Accounting, Journal of Corporate Finance, and Journal of International Financial Management and Accounting. I show that financial accounting faculties are more likely to post their working papers to SSRN, and papers posted by financial faculties generate more downloads. I mitigate this bias in favor of the financial area by providing separate rankings based on authors in the financial versus non-financial areas.     

基于组织模块化的价值网研究

在企业所处的商业生态系统中，随着价值链的延伸、分解和网络化，企业的内部网络和外部网络联结起来，形成一个开放的价值网，价值的创造、交换和共享分布在整个网络中。在价值网中，逐渐形成了不同职能、不同层次的组织模块，组织模块化构成了价值网的组织基础。本文的实践意义在于为企业在网络经济中的竞争战略提供指导：企业之间的竞争已演变为其所属的价值网的竞争，企业必须致力于构建基于价值网的竞争能力：模块化能力、控制协调能力、关系管理能力。     

生态环境法治视野下工业园区“环保管家”服务模式探析

在分析“环保管家”服务模式的特点、分类及现状的基础上,剖析了制约以工业园区为主的“环保管家”模式的推广和应用发展的法律障碍;建议进一步明确第三方环境保护服务企业的行政和民事责任,完善环境保护法律框架中的相关配套制度,建立合理的准入和退出机制,创新监管方法和监督途径,并健全财税支持和金融融资机制,从而促进“环保管家”服务模式在我国得以全面实施和健康发展,充分发挥其污染治理的作用,为我国的生态文明建设提供制度保障。     

海信试金匈牙利

在美对中国彩电实施反倾销一案刚刚尘埃落定不久,海信却通过海外建厂的有利手段有意避开了贸易壁垒,加快了开拓国际市场的步伐。6月3日,在匈牙利伟创力(FLEXTRONICS)公司的高新工业园区,海信匈牙利工厂正式开工。