Profit,productivity, and profit-sharing

This study is an investigation of the effect of profit-sharing on labor productivity. When monitoring labor performance is costly for management, a regular wage/salary contract is insufficient to induce profit-maximizing behavior from the worker. The authors demonstrate that when this profit-maximizing behavior can be induced only through profit-sharing, a linear profit-sharing program will increase productivity and the welfare of both management and labor. The benefit from profit-sharing is increasing up to the point where the utility of additional income is offset by the negative utility of extraordinary effort (working harder or providing higher quality work). The income effect, i.e., the change in negative utility of extraordinary effort given a change in income, can potentially either increase or decrease the point at which the income-effort tradeoff-reaches zero.     

多元化战略、经济绩效与资本结构——关于上市公司股权融资偏好解释

我国上市公司存在十分强烈的股权融资偏好,学术界一般将其原因归结为股权融资成本偏低。笔者研究则表明,融资成本因素并不能全部解释上市公司股权融资偏好。本文从企业多元化经营战略角度来剖析股权融资偏好。研究发现:企业多元化程度越低负债率越低,企业经济绩效越好;企业有动力降低负债率,采用股权融资。研究还发现,企业多元化战略已经构成融资决策的有效约束,股权融资偏好是上市公司的理性选择。     

B2B电子商务模式的探讨

针对B2B模式将成为未来电子商务发展的主流,文章先从价值链角度分析了B2B电子商务模式对价值链上游的冲击,然后概括性地总结了目前主要的3种B2B电子商务模式,最后用“SWOT”战略评估方法分析了基于供应链管理的区域型B2B电子商务新模式。     

The hydroelectricity consumption and economic growth in Asian countries - evidence using an asymmetric cointegration approach

ABSTRACT

This study examines the four commonly tested hypotheses in hydroelectricity consumption – economic growth literature for 12 Asian countries. Our results from a recently developed hidden cointegration technique uncover rich and significant relationships between negative and positive components of the variables under consideration. In particular, we find evidence to support the neutrality hypothesis in five countries (Bangladesh, Indonesia, Pakistan, Philippines, and Thailand), the growth hypothesis in four countries (India, Japan, South Korea and Taiwan), and both growth and conservation hypotheses in three countries (China, Malaysia, and New Zealand). These findings suggest that appropriate economic policies should be elaborated on the basis of the country’s specific hydroelectricity consumption–growth nexus. Finally, our new evidence suggests that the lack of stable relationship between hydroelectricity consumption and economic growth documented in previous studies for some of these countries could be due to the failure to properly account for the nonlinearity property in the data.     

A note on the effect of rate-of-return regulation under uncertainty

This paper corrects the errors of Peles and Stein's capital-setting (i.e., capital is ex-ante) model and Das' quantity-setting (i.e., all inputs are ex-ante) model. It also shows that rate-of-return regulated firms always overcapitalize in the quantity-setting case, but may overcapitalize, undercapitalize or produce efficiently in the capital-setting case.     

人力资源管理与区域经济发展的对策研究

文章首先论述了人力资源与区域经济可持续发展的关系,在深入分析了当前我国人力资源区域协调的障碍与约束的基础上,提出了战略人力资源管理与区域可持续发展的对策。     

现代职业经理人能力特征分析

现代企业处在一个变化迅速、竞争激烈的环境中，雇佣职业经理人来扮演公司经营者这一角色，是现代公司经营管理的一个重要发展趋势。职业经理人产生的历史背景及其发展历程，决定了职业经理人是企业雇员中的重要群体，其所应具备的能力特征主要有：以诚实信用为核心的能力素质，以卓越的管理才能为核心的专业素质以及以决策能力为核心的综合能力素质等。     

一个基于多因素的冷却水管等效换热系数模型

基于热对流、传输微分方程及有限单元法,研究了冷却水流速、管壁粗糙度及导热系数对混凝土与冷却水之间的等效换热系数的影响。在分析各单因素影响的基础上,提出了包含冷却水流速、管壁粗糙度及混凝土导热系数等因素的冷却水管等效换热系数模型,可较好地预测多影响因素条件下混凝土与冷却水间的换热规律。模型表明,等效换热系数与冷却水流速、管壁粗糙度及导热系数均呈幂函数递增关系,其大小取决于多因素耦合效应。相较而言,粗糙度对等效换热系数影响仅在其取值较小时最显著;混凝土导热系数变化的影响较小;冷却水流速的影响介于二者之间。     

里底水电站坝址右岸倾倒变形岩体成因机制和变形程度

以里底水电站坝址右岸岩体结构特征为基础,分析了岩体倾倒变形的成因机制.通过对右岸勘探平硐揭露岩层产状的详细量测,结合硐壁物探测试成果,建立了倾倒强烈程度的分级体系,对右岸倾倒岩体进行了划分,为边坡稳定性评价确定了控制边界.     

水轮机组负荷调节时调节系统发卡原因分析与研究

某电站混流式机组在高水头运行时调速器发卡,造成机组负荷调节过程缓慢,机组退出一次调频,影响机组正常运行.对可能产生该运行缺陷的各种原因进行了具体分析,同时通过现场试验,计算了该机组的导水机构力特性数据,提出了水轮机导叶在某些负荷工况下拒动的具体解决措施.