中小企业板上市公司独立董事特征与财务绩效实证分析

独立董事制度是现代公司治理的一个重要组成部分。独立董事引入董事会,理论上分析能提高公司决策的独立性、客观性、专业性,进而能改善的公司财务绩效。但通过对我国中小企业板上市公司的实证分析,发现中小企业板上市公司的财务绩效与独立董事之间存在不显著的相关关系,在很大程度上并不受独立董事的影响。因此需要采取措施完善我国上市公司独立董事制度才能发挥其在改善公司业绩上的积极作用。     

丹霞山客源市场旅游需求的调查与分析

近些年兴起的旅游开发热促进了我国旅游业的发展。同时造成了旅游供求矛盾的日益加剧，在旅游规划中加强对客源市场旅游需求的研究也就愈发具有实际意义。传统的客源市场旅游需求调研方法往往主观性较强、欠深化。不能够真实地反映客源市场的旅游需求现状。以丹霞山世界地质公园为例。对旅游地客源市场旅游需求的调研方法、调研内容、调研分析等问题做了一些新的尝试。     

管理者权力、外部薪酬差距与公司业绩

外部薪酬差距因引导管理层行为而具有一定的激励作用,管理者权力又是影响薪酬激励有效性的重要因素.本文选取2006-2010年的上市公司为样本,结合管理者权力,研究了外部薪酬差距对公司业绩的影响,并从在职消费的视角探讨了管理层行为在外部薪酬差距影响公司业绩中所起的中介作用.研究结果发现,我国上市公司管理层外部薪酬差距与公司业绩正相关,外部薪酬差距具有正面的价值激励效应,但是管理者权力抑制了外部薪酬差距的激励效应.进一步拓展检验发现,外部薪酬差距能够抑制管理层的在职消费,但管理者权力弱化了外部薪酬差距对在职消费的抑制作用.     

我国上市公司财务危机预警系统研究

通过将Logistic回归分析法和因子分析法进行有效地组合,对我国上市公司的财务危机状况进行了研究。利用SPSS软件并以24个财务比率指标和5个因子变量为基础,建立了上市公司危机预警模型,并检验了其预测的准确率,结果表明判断准确率达到89.5%。同时对财务危机预警模型的两类错误成本进行了分析。     

中国创业板上市公司盈利能力的因素分析——基于分位数回归的实证研究

影响上市公司盈利能力的因素有很多,不同的分位数水平下各因素对盈利能力的影响可能存在差异。传统的回归模型只能描述因变量的条件均值受自变量的影响,而分位数回归模型能够依据因变量的条件分位数对自变量进行回归,从而更加精确地描述自变量对因变量的影响。选取截至2013年6月30日的355家创业板上市公司的截面数据,从分位数回归的角度研究了不同分位数水平下各因素对公司盈利能力的影响,并且加入了地区虚拟变量,研究了区位因素与盈利能力的关系。     

建立和完善我国竞争政策体系的探讨

随着国际贸易自由化和国际投资自由化进展进一步加快,世界贸易组织管理协调的重点也逐渐由贸易政策转为国内立法和竞争政策.在经济全球化日益深化的今天,传统的贸易保护手段的有效性越来越低,战略性贸易政策发生作用的外部条件已经基本不存在.开放市场、减少壁垒、进行公平有效的竞争,在竞争中求生存、求发展,可能是一种现实的选择.因此,一些国家的经济学家越来越将外贸政策研究的重点从战略性贸易政策转向竞争政策.在我国加入世界贸易组织以后,建立和健全我国的竞争体系,显得尤为重要.本文讨论了国际竞争政策的内涵和新特点,分析了我国竞争政策的现状,探讨了建立健全我国竞争政策的重点和思路,并提出了在全球范围内协调竞争政策的途径.     

毫米波多模单脉冲喇叭馈源的分析与设计

对多模单脉冲喇叭馈源的理论和设计方法进行了研究。针对高次模的模比计算和控制难点,提供了一种准确的分析理论,给出了高次模的产生规律和模比的计算方法。在此基础上分析设计了一个毫米波多模单脉冲喇叭馈源并加工了实物,其实测结果表明,该馈源具有带宽宽（>5%）、驻波比小（<1.2）、和差矛盾小（<1.5 dB）、方位和俯仰面方向图对称性好的特点,与理论分析结果、仿真设计结果非常吻合,达到了预期的设计效果。     

Households transport-home energy conservation strategies in response to energy price policies: A stated adaptation experiment based on portfolio choices and cross effects designs

This article explores consumer investment choice in long-term energy conservation technology and assesses trade-offs in energy saving behaviour between the housing and transportation domains. The long-term energy conservation choice problem is conceptualized as a portfolio choice problem. Consequently, to measure trade-offs between investments in housing and transport options, a cross effects choice design is developed in which respondents were shown one or more alternate ways to reduce their current energy consumption: (1) investing in new technology in the house, such as solar panels; (2) exchanging the current car for a more energy efficient car; (3) buying a new energy-efficient car, such as EV or solar car; (4) moving house to reduce current travel distances. To help respondents linking these options to their current energy consumption, a new Web-based survey system (SINA) to implement and administer stated adaptation experiments was developed. The system was used to collect two sets of data. First, data about out-of-home and in-home energy consumption, together with detailed time use data, was collected. Second, using a cross effects design, respondents were asked to select a portfolio of energy-saving strategies in response to different energy pricing policy scenarios. Results reported in this paper are based on 572 respondents who completed the survey and responded to seven adaptation questions based on their current energy expenditures. A random parameters logit model is estimated to predict the probability of choosing a particular portfolio of energy-saving options. Estimation results indicate that individuals from different socio-demographic groups exhibit varied preferences. The saving option characteristics, especially cost related characteristics have significant effects on individuals' preferences. Moreover, the results also showed significant effects of choice set composition on energy saving options. Further, the energy pricing policies had showed mixed effects on individual's preferences.     

A theoretical framework of electronic word-of-mouth against the backdrop of social networking websites

This study proposed and tested a theoretical framework that explains electronic word-of-mouth (eWOM) against the backdrop of social networking websites (SNWs), which have gained substantial popularity among travelers. In particular, a United States (US) nationwide online survey was conducted and nine hypotheses were tested. The findings suggest that willingness to share knowledge and switching costs are positively related to eWOM communication. In addition, customer value (utilitarian) has positive relationships with willingness to share knowledge, perceived security, and switching cost, while customer value (hedonic) has positive relationships with willingness to share knowledge and switching costs. Last but not least, the findings indicate that perceived security does negatively impact eWOM. In light of the major findings, the article sets forth strategic implications for travel-related social networking websites.     

Assessing recreation carrying capacity of the environment attributes based on visitors’ willingness to pay

Recreation carrying capacity (RCC) is one of the most important indictors used in measuring the usage limits for the forest park resources. However, the consensus has not been reached with respect to the RCC’s content and its measuring metrics. In this paper, we attempt to establish a new RCC theoretical framework based on the demand theory of the tourism product characteristics. In the process, the choice experiment and orthogonal design methods are used in questionnaire designs and the conditional Logit model is used for parameter estimates. More than 700 park visitors are surveyed for data collection at the Shenyang National Forest park of Liaoning province in China. The primary park attributes being considered encompass vegetation, coverage, water quality, number of rubbish on the park trail path, admission fees, and congestion. The carrying capacity threshold for each specific attribute is identified.