外资金融机构对中国国有商业银行收购定价的博弈分析

研究表明,当商业银行经营状况好,无论是否具有高的附加价值,在知道外资金融机构的收购概率时,商业银行的最优选择应以高价售股。当商业银行经营状况差,但附加价值高,并且清楚知道外资金融机构的收购概率时,商业银行的最优选择是以高价出售。当商业银行经营状况差,附加价值低,并且清楚知道外资金融机构的收购概率时,商业银行的最优选择是以低价出售。     

浅谈企业并购中目标企业价值评估的方法

本文简单阐述了目前我国在企业并购中对目标公司价值评估常用方法所存在的问题,并据此提出目标企业价值区域确定方法,以期能为并购提供一种新的思路.     

数字相关相位估值法在卫星测距系统中的应用

<正> 亚洲金融危机发生至今已经一年有余。由于世界经济一体化格局的形成和明晰化,金融危机的全球化影响已是一个客观事实。一年余来,中国在应和消弭亚洲金融危机的影响方面作出了极大的努力,并已赢得广泛赞誉。这一方面是中国作为担负世界重要责任之大国的应尽义务,另一方面亦是树立国际形象、展现大国道义和风范的历史机遇。     

军备控制中的随机瞬发事件无人值守电子监测技术

本文介绍了军备控制中的随机瞬发事件无人值守电子监测技术及其关键设备－随机瞬发信号实时采集器和中心测控处理器的设计。     

浅谈非英语专业学生的英语学习

如何培养大学生正确的英语学习习惯，适应大学英语学习氛围从而学好大学英语？论文探讨大学生在英语学习中应注意的几方面问题，并就如何学好大学英语提出了自己的几点建议。     

提高频谱效率的同步快捕方法

本文将QPSK调制用于快捕系统中,提出了一种快捕方案,并与BPSK调制的快捕方法比较,提高了频谱效率。     

上市公司收购法律问题研究

公司资本自由流动,是市场经济存在并正常运行的必要条件之一。既然如此,公司的收购与兼并就必然成为一种经常性的现象。我国公司并购起步较晚,且公司并购的法律规定也不完善,存在范围界定模糊不清、概念混淆的问题,而且过于抽象,具体操作性差。文中将探讨上市公司收购的概念,界定其本质特征,并分析了目前上市公司协议收购中存在的问题,提出目前上市公司协议收购的立法建议。     

Analysis of factors underlying foreign entry strategies of terminal operators in container ports

Port reforms around the world have opened regional container port terminal markets. The emergence of a wide array of global terminal operators has led to a differentiation in entry strategies driven by their respective objectives and by factors exogenous to the firm.This paper looks at antecedent factors that play a role in a company’s entry strategy in a public–private partnership (PPP) setting by performing binomial logistic regression on a large sample of container terminal deals over the period 2002–2010. More specifically, it analyses to what extent firm-specific, external, project and cross-cultural factors play a decisive role in the choice between direct PPPs (i.e. stepping into a new PPP arrangement such as a new concession agreement) and indirect PPPs (i.e. stepping into an existing PPP arrangement through acquisitions).The empirical findings demonstrate the pivotal role of some firm specific characteristics (market experience and business model), external factors (host country development and market openness, government effectiveness, market concentration degree, and market saturation) and project-related factors (project size, number of partners involved, and equity joint venture with the Port Authority), also unveiling some preliminary results in relation to cross-cultural variables.     

Economic and strategic considerations surrounding Chinese FDI in the United States

The growth of outward investment from China has generated expressions of concern from policymakers in the United States regarding the economic and national security impacts of such investments. While inward foreign direct investment (FDI) has come to be viewed by most observers as generally imparting net economic benefits to the host economy, acquisitions of US companies by Chinese multinational companies (MNCs) have been criticized on several grounds. One is based on the mode of entry itself: some critics believe that entry by acquisition brings lower benefits than greenfield entry. A second and more prominent concern is that acquisitions of US companies by Chinese state-owned enterprises (SOEs) may be motivated by non-commercial objectives which, in turn, make those acquisitions of questionable value to the host economy. In this paper, we argue that Chinese FDI in the United States is more likely to take the form of acquisitions than greenfield investments for the foreseeable future. However, there is no strong case to be made that the host country economic benefits from Chinese FDI would be larger if entry took place primarily through greenfield investments. Furthermore, most of the alleged costs to the US economy from inward FDI from China are either unlikely to occur or are already anticipated by existing US laws and regulations, thus necessitating no additional, specific legislation.

孵化网络中在孵企业资源获取对创新绩效的影响

以孵化网络为背景,研究在孵企业如何在网络资源共享环境下有效获取资源,并通过网络化嵌入积累关系社会资本,提升创新绩效。构建了资源获取、关系社会资本与创新绩效关系的理论模型,以天津市206家在孵企业为样本,采用回归分析和结构方程模型对理论假设进行检验。结果表明：在孵企业资源获取对创新效果和创新效率具有显著正向影响;在孵企业资源获取对关系社会资本的信任和承诺维度具有显著正向影响;在孵企业关系社会资本中信任对创新绩效具有显著正向影响,承诺对创新绩效无显著影响;关系社会资本在资源获取和创新绩效间起部分中介作用。