国有企业经营者薪酬激励效应的实证研究

薪酬机制是国有企业改革中的难点问题,如何发挥薪酬作为国有企业经营者提升企业业绩的激励作用更是建立科学、公平的国有企业薪酬机制的焦点问题。文章通过对2005年～2006年国有上市公司的实证分析得到企业规模、净资产收益率、所在区域、国家股比例和经营者任期是国有企业经营者薪酬水平的决定因素,而独立董事和监事会并没有发挥应有作用。对薪酬激励效应实证的结果表明,国有企业经营者年薪和持股比例的激励效应较强,高管团队的薪酬差距也有助于企业业绩提升。     

How Might Companies Value ESOs?

There has been a steady growth in the use of employee equity compensation plans, and in the use of executive stock options (ESOs) in particular, along with a rise in shareholder and public perceptions that the values of compensation plans are not always fully disclosed. The IFSA of Australia recently called for separate reporting in financial statements of numbers and values of ESOs. Companies, when negotiating employment contracts, frequently agree to compensate an executive if a share option plan is subsequently not approved by shareholders. These facts suggest that reporting the value of an ESO plan is a useful and important exercise. We outline a model for the valuation of ESOs typically issued by Australian listed companies and illustrate the application of the model with a case study.     

比较优势与西部开发

落后地区在实现“追赶战略”中有着潜在“比较优势”;西部欠发达地区“比较优势”难以发挥的原因是市场机制不足;西部地区走出困境、重新赢得“比较优势”的内生要求是市场充分运行。     

旅游服务供应链中成员环节关系的协调

以实现旅游服务供应链中成员环节的协调运转为基本目标,在对旅游服务供应链结构构成了解的基础上,从旅游供应链中的组成要素、基本特征和各个成员环节之间的关系等多个方面出发,阐述了旅游服务供应链管理的重点所在,运用得益模型和最佳数据选择模型对旅游服务供应链中各个成员环节之间协调问题进行分析,并提出了实现旅游服务供应链协调运转的有效措施。     

言语交际中合作原则的违反与语用含义的推导

通常情况下,在言语交际中,遵循会话合作原则是有助于交际顺利进行和信息有效传递的,但在一些情境中有意违反合作原则是作为一种会话策略来帮助实现发话者的交际目的。从对量的准则的违反、质的准则的违反、关系准则的违反以及方式准则的违反四个方面论述了故意违反会话合作原则所产生的特殊语用意义以及独特的语言效果。     

“小产权房”供地市场的制度成因研究——基于博弈论视阈

研究目的：分析土地市场制度安排的非均衡问题,揭示“小产权房”供地市场的制度成因。研究方法：文献资料法、博弈模型分析法。研究结果：1．在我国社会转型的宏观环境下,“小产权房”供地市场是现有土地制度安排非均衡的结果;2．土地商品价值的认知给农村集体土地带来了潜在的获利机会,产生了土地制度变迁的强烈需求。研究结论：由于国家对土地市场制度改革的滞后,导致农村集体经济组织容易进行诱致性制度安排,从而形成了“小产权房”供地市场。     

六西格玛管理方法在化纤生产中的应用

运用六西格玛管理方法,通过数据积累和统计分析,找出了影响前纺卷绕断大头和成品优等品率的主要因素,使用相关分析工具,对关键参数进行过程能力对比分析,找到了解决问题的有效途径,循此途径解决问题后,提高了产品质量,增加了经济效益.     

CEO Share Ownership and Firm Value

This study examines the effect of CEO ownership on firm performance. The findings suggest that CEO ownership and firm performance are jointly determined. Firm performance affects CEO ownership positively and in turn, CEO ownership has a positive effect on firm performance. Our results also show that firms managed by founder CEOs have better performance and that the CEO duality structure is beneficial in a turbulent environment.     

MULTIVARIATE COINTEGRATION TESTING OF THE EFFICIENCY OF AUSTRALIA'S SPOT FOREX MARKET

Efficiency in Australia's spot FOREX market is tested using daily, weekly and four-weekly data subsequent to the floating of the dollar in 1983. Earlier research using pairwise cointegration tests of currency markets has suggested little evidence of market inefficiencies. However, multivariate cointegration tests carried out in the paper, based on canonical transformation of the exchange rate data, suggest the existence of long run equilibrium relationships among the spot rates, implying the existence of market inefficiency in the FOREX market.     

内地与香港证券市场一致行动制度比较研究

一致行动在证券市场上有其现实诱因,但同时也有损害其他投资者利益之虞,因此必须对一致行动人进行法律规制。我国内地上市公司收购法律制度中一致行动人规则已逐步建立起来,但与香港特区的立法相比,依然存在一定的缺陷。借鉴香港的立法经验,内地立法应对一致行动人进行严密界定,列举推定一致行动人的范围,明确一致行动人的法定义务和违反法定义务的法律责任。