Flextronics:以设计服务支持制造业

新加坡Flextronics公司在经历了2000年的技术灾难之后,已经成长为电子制造服务业(EMS)的顶级厂商挣扎体验促使Flextronics把经营范围扩展到消费电子市场。而且,自2000年以来,它已经与北电(Nortel)、卡西欧(Casio)、索尼爱立信(Sony Ericsson)和京瓷     

Corporate performance following stock offerings

There is substantial evidence that stock offerings contain a negative signal, based on numerous studies on the immediate market reaction to the announcement. These studies document the market's ex ante view of how the offering will affect the firm. Our objective is to determine whether the adverse signal is accurate by measuring long-term valuation effects following the stock offering. We find a strong negative valuation effect that accumulates to –30.28 percent after 60 months following the stock offering. These long-term effects were more unfavorable for firms that (1) have relatively large stock offerings, (2) have more free cash flow, (3) experienced larger stock price runups before the offering, and (4) had higher market to book value ratios prior to the offering.     

Market reaction to uniform capital adequacy guidelines in the banking industry

In this paper the authors assess the stock market reaction to information on uniform capital requirements that was disseminated on four different dates: September 29, 1987; December 7, 1987; December 10, 1987; and July 11, 1988. The share prices of U.S. money center banks were adversely affected by the December 7, 1987, announcement regarding proposals to make regulatory standards more uniform. The share prices of U.S. superregional banks were not affected by this announcement. The difference in degree of response is attributed to disparate capital positions between the two groups of banks. In order to meet the new guidelines, U.S. money center banks may need to implement policies (such as issuing new stock) that are viewed unfavorably by the market.     

Heterogeneous labor and implicit contracts

The paper examines the role of layoffs under implicit contracts, when labor is heterogeneous. Wage-adjustment strategies are preferable in that employment is allocated more efficiently. The impossibility of effectively commiting to employment levels may reverse the ordering.     

Britain in a social Europe: industrial relations and 1992

This article suggests that European Community social policy is now moving into a third stage that is having an increasing impact on the UK. However, continuing differences in European labour markets, collective bargaining and trade union organisation make it impossible to identify a common European pattern of industrial relations