关于深化成人高校改革的新思考

随着我省社会经济在新的世纪开始新的一轮大发展时期的到来,成人高等教育也迎来了自己发展的新机遇。但成人高校必须首先解决好目前面临的有关属性、体制、投入、质量、管理和效益等一系列关系到自身存亡和发展的重大问题,才能利用好机遇,取得新的发展。成人高校发展的出路在改革。目前要从定性定位、改革体制、确定发展方向和发展模式、理顺内部管理、构建新体系几方面着手,推进成人高校的宏观和微观改革,从而使成人高校取得新的发展,为发展我省高等教育、为我省社会发展和经济建设发挥更大作用。     

Where are miners’ unions going? trade unions in Vorkuta,Russia

The emergence of alternative unions in the Soviet Union in the early 1990s, suggested that new forms of unionism were developing. However, in the coalfields, the Independent Miners’ Union was unable to realise its initial promise, while the successors of the official unions began a complicated process of union renewal. This has laid the foundation for some form of reunification between the two types of unions.     

What is value–adding? Contradictions in the practice of BPR in a Danish Social Service Administration

This article explores the implementation of BPR in the Social Service Administration in a Danish municipality. The technical rationality inherited in BPR marginalises broader conceptions of work–rationality represented by the social workers. This results in a 'clash' between rationalities in the Family Group, causing increased strain and lower job satisfaction.     

INDONESIA'S TEXTILES AND APPAREL: THE CHALLENGES AHEAD

International rules governing textiles and apparel trade are undergoing transformation. The Multi-Fibre Arrangement (MFA) is being phased out, and as of January 2005 textiles and apparel trade will be conducted under World Trade Organization (WTO) rules. For Indonesia, this presents challenges and opportunities. The global trading system is increasingly seeing the introduction of preferential trade agreements (PTAs) that liberalise trade among members but discriminate against nonmembers. Major markets are negotiating new PTAs that divert trade away from low-cost non-member producers such as Indonesia. China's entry into the WTO allows producers there to take advantage of liberalised quotas and the integration of textile and apparel products into the tariff-based trade system as of 2002. With rising domestic production costs, increased local government interventions and poor tax administration, Indonesian producers face a 'double squeeze'. This paper outlines the key challenges confronting the sector and makes recommendations for sustaining exports in coming years.     

Managing Operational Flexibility in Investment Decisions: The Case of Intel

Significant attention has been paid to how real options analysis can help in valuing operating flexibility when making major capital investment decisions. But there has been far less study of how to manage such flexibility, particularly in cases where a decision to defer, contract, or expand any one investment program affects a range of other programs, including those outside the firm. Such interrelated investments are increasingly common in a "connected" economy where products and technologies are designed across firms and industries.
Based on a field study at Intel, this paper describes and analyzes one set of practices for coordinating such diverse systems of investments. It shows how information about interrelated investments is communicated within and between companies so that coherent changes can be made at the level of an overall system. The authors argue that studies of investment appraisal need to move beyond the predominant focus on valuation to encompass the wider organizational processes by which operational flexibility is exercised in the modern economy.     

TESTING THE NET BUYING PRESSURE HYPOTHESIS DURING THE ASIAN FINANCIAL CRISIS: EVIDENCE FROM HANG SENG INDEX OPTIONS

We investigate net buying pressure in the Hong Kong Hang Seng Index options market during the Asian financial crisis from July 1997 to August 1998. Our findings suggest that during this period, the dramatic changes in volatility overwhelmed the dynamics of supply and demand in the options market. The extremely high realized volatility drove market participants' expectations about future market volatility in the early months of the crisis. Findings during the late‐crisis, pre‐crisis, and post‐crisis periods are consistent with the net buying pressure hypothesis.     

业主委员会法律地位之探析

国务院2003年9月1日起施行的《物业管理条例》，将业主委员会界定为业主大会的“执行机构”，规定业主委员会可经业主大会授权代表全体业主行使物业管理权并维护全体业主的合法权益。《中华人民共和国物权法草案征求意见稿》将业主会议和业主委员会并行作为权力机构，这一冲突和各自的制度设计，在实践中存在诸多问题，有必要加以厘清。     

Agency, Bid Resistance and the Market for Corporate Control

In this paper we investigate the effects of post-bid defence activity for a sample of takeover bids in the UK. We find that most of the defences investigated promote the interests of target managers by significantly lowering the probability of bid success. We also find that most of the defences promote the interests of shareholders by increasing wealth gains by an amount that varies between 9% and 14%. These results suggest that bid resistance is to the mutual benefit of the managers and shareholders of target firms. This conclusion is in line with recent developments in agency theory.     

The Impact of Environmental Contamination on Condo Prices: A Hybrid Repeat-Sale/Hedonic Approach

We extend the literature on the impact of externalities using an approach based on a hybrid of hedonic and repeat-sales methods. The externality in question is groundwater contamination in Scottsdale, Arizona. The use of condominium sales allows us to assume that major physical characteristics remain unchanged, but location parameters may be altered by urban growth and development as well as contamination. We find an economically significant discount for properties located in the contaminated area. Interestingly, it does not appear until several years after the contamination becomes publicly known, and it seems to have disappeared before the end of the study period.