浙江省城镇土地分等地域分界特征研究

城镇土地质量差异不仅存在于城镇内部。而且在城镇之间也有明显反映.本文以定量分析方法．探讨浙江省城镇土地分等地域分异规律。将浙江省城镇土地划分为五个等级、为政府制定有关地价宏观调控政策提供基础依据。     

胡志明小道

"长征计划—胡志明小道(Duong Truong Son)"项目经过近两年的准备,已于2009年7月启动。与长征计划历史上的各个运动型的大型项目一样,胡志明小道是一个隐喻,不局限于孤立的历史,地理、文化和意识形态场域,这个为时两年的计划将以艺术为出发点和实践工具,成为中国、越南、柬埔寨和老挝以及国     

Ideas as art. Interview by Dane Cutu

Three years ago, consultants Laurence Prusak and Thomas H. Davenport asked prominent management thinkers to name their gurus and reported the results in HBR. James G. March appeared on more lists than any other person except Peter Drucker. A professor emeritus in management, sociology, political science, and education at Stanford University, March has taught courses in subjects as diverse as organizational psychology, behavioral economics, leadership, rules for killing people, friendship, computer simulation, and statistics. He is perhaps best known for his pioneering contributions to organization and management theory. March's accomplishments in that field, and in many others, have conferred on him an almost unprecedented reputation as a rigorous scholar and a deep source of wisdom. As University of Chicago professor John Padgett wrote in the journal Contemporary Sociology, "March's influence, unlike that of any of his peers, is not limited to any possible subset of the social science disciplines; it is pervasive." March approaches thought aesthetically; he cares that ideas have "some form of elegance or grace or surprise." His poetic sensibility can be felt in the metaphors he has created over the years--the "garbage can theory" of organizational choice, for instance, and the "hot-stove effect" in learning. In this edited interview with HBR senior editor Diane Coutu, March shares his thinking on aesthetics, leadership, the role of folly, and the irrelevance of relevance when it comes to the pursuit of ideas. He also comments on the fundamental differences between academic and experiential knowledge, underscoring the need for both.     

项目投资财务评价的贴现现金流量法及运用

项目投资财务评价的贴现现金流量法(简称DCF法),主要有净现值法、现值指数法和内含报酬率法三种基本方法,目前学术界对于某一具体方案究竟应采用何种方法进行评价存在着不尽相同的观点.本文旨在从DCF法的基本目标与基础假设入手,在对方案进行适当而又必要的分类的基础上,寻求投资项目正确合适的评价方法.     

Does Corporate Governance Matter in the Contractual Form of Fund Management Companies in China?

ABSTRACT

Operating under a regulatory environment with weak enforcement of investor protection, the contractual form of fund management companies (FMCs) in China’s emerging fund industry presents some complex governance issues in addition to the conventional agency problems of modern public corporations. Using 288 firm-year observations covering more than 98 percent of FMCs in China, this article presents the first systematic study on whether the quality of corporate governance mechanisms affects the performance of the contractual form of FMCs. Our results suggest that FMCs with good corporate governance do matter in generating favorable performance for fund investors in China.     

Unintended Consequences of Forecast Disaggregation: A Multi‐Period Perspective

Prior research finds that investors respond more favorably to a disaggregated earnings forecast than to an aggregated one. The present study examines whether this initial favorable effect on investors’ decisions leads to investors giving management the benefit of the doubt, or backfires in the event of a subsequent earnings surprise announcement. The results of our experiment indicate a “backfire effect” consistent with Expectation Violation Theory. We find that investors’ negative reactions to an earnings surprise are stronger if they first observed a disaggregated forecast than if they first saw an aggregated forecast. The largest downward adjustment in investment interest occurs when the disaggregated forecast is later found to be overstated. This study provides evidence of the complexity of the effect of disaggregated earnings forecast and adds to the literature concerning the costs and benefits of accounting information disaggregation.