资本结构决策理论及其存在的问题分析

本文资本结构理论论进行了综合研究与评述,并对资本结构定量决策的每股收益分析法和比较资金成本法,对资本结构理论及目前资本结构定量决策方法存在的问题作了全面的分析研究,以其对企业财务管理理论研究与教学参考。     

新会计准则认识及应用准备情况调查与分析

新会计准则的颁布是我国会计史上一次历史性的变革,对我国社会经济生活产生了深远的影响,同时也对企业财务人员和财务系统的适应能力提出了巨大的挑战。为评估各类企业对新会计准则的认识及应对情况,本文选取了五省市的86家企业进行了问卷调查。结果表明,各类企业整体支持新会计准则,但认识理解深度不够;企业的财务系统的适应存在风险,实际运用有一定困难。在上述调查的基础上,我们对新会计准则的推广运用提出了进一步的讨论与建议。     

募集资金投向对公司经营业绩的影响分析——来自上市公司的证据

本文以2000年、2001年、2002年通过首次发行股票、配股和增发来募集资金的上市公司为对象,对募集资金的投向与公司经营业绩之间的关系进行研究。结果表明:上市公司募集资金正常投向的比率与上市公司的经营业绩显著正相关,正常投向中主业投资有利于公司经营业绩的提高;对外投资与公司经营业绩在第一年有显著相关关系,但不具有持续性;偿还债务与公司业绩之间有显著负相关关系。募集资金变更投向与公司经营业绩之间有显著负相关关系,募集资金变更为对外投资和募集资金闲置与公司经营业绩显著负相关。     

核心通货膨胀:理论模型与经验分析

现有的核心通货膨胀计算方法假设各种商品和服务的价格变化可以表示为核心通货膨胀与异质性相对价格变化之和,然而这种价格变化的分解方式既缺乏理论基础又违背经济直觉。本文将经典的新凯恩斯模型推广到多部门情形,证明了多部门新凯恩斯菲利普斯曲线,提出了各部门商品价格变化的理论分解公式。以这个分解公式为理论基础,本文提出了估计核心通货膨胀的计量经济模型及其两阶段估计方法,给出了根据稳态权重估计核心通货膨胀的简便方法,估计出了我国的核心通货膨胀。有效性检验表明,根据两阶段估计方法和基于稳态权重的估计方法得到的核心通货膨胀都是有效的核心通货膨胀度量。     

Tourism and regional development a genetic approach

Research on tourism and regional development should include a temporal perspective, for studies of contemporary and economic impact are, by themselves, insufficient to explain tourism's contribution to regional development. Such a genetic approach is used to examine the growth and impact of tourism in Queenstown, New Zealand. Events and interrelationships are examined over the last twenty-five years to show the process of growth, changes in the patterns of local and outside involvement and the increasing sophistication of a resort once based largely on scenic factors alone. Certain sectors of the industry have been developed primarily by individuals and companies from the local region, while others have been dominated by outsiders. Although the former contribute the most to regional development through local participation in the development process, external developments have also generated complementary growth. A consideration of events over a certain time span allows these different factors to be placed more clearly in the context of regional development.     

图书情报学视野中的新约校勘法形成浅析

以图书情报学的角度分析解释了新约圣经古抄本的校勘方法的缘起、古典法和现代通行的各种校勘经文的方法。     

Exploring new product portfolio management decisions: The role of managers' dispositional traits

Product strategy links to new product development (NPD) through new product portfolio management (NPPM). This dynamic decision process addresses the strategy implementation questions of identifying which new product ideas to pursue and their relative priorities. Despite the importance of NPPM in implementing product strategy, firms exhibit substantial performance-affecting differences. We investigate one potential source for such differences by examining the impact of managers' dispositional factors as a possible explanation. Using a case study research method, we examine differences in NPPM strategies and managers' revealed dispositional traits across three divisions of a single conglomerate firm operating in different business-to-business markets. Based on our analysis, we offer propositions relating managers' dispositions to NPPM strategy: analytic cognitive style is associated with balance, ambiguity tolerance is associated with strategic fit, and leadership style is associated with the relative weights applied to each dimension.     

Development of educational program for production manager leading new perspectives on manufacturing technology

In this paper, we consider the problems associated with the development and management of an educational program for manufacturing managers in leadership roles who are making contributions towards the creation of customer delight as well as customer satisfaction using manufacturing technology. The basic concept combines an intelligent knowledge-based approach with the kaizen activity program within the framework of value creation and comparative advantage models based on a network referred to as Academia, Business, Consultancy, and Government (ABC-G). This educational program, which reflects the characteristics of manufacturing technologies and practices in the Hokuriku District of Japan, was developed in 2005–2006 and the trial education was developed in 2005 and 2006, and a trial run of this program was conducted in 2006 and 2007 in close collaboration with local manufacturing companies and their employees. The results are informative of the effects of educating manufacturing managers in Japan and the problems that will have to be overcome for the continuous improvement of the program.     

Southeast Asian capitalism: History,institutions, states,and firms

This paper examines the structures of capitalism in Southeast Asia. Following the lead of Gordon Redding and others, it argues that parallel to varieties of capitalism elsewhere, there are distinctive features to the Southeast Asian business system, but that institutions play a relatively large role compared to firm specific resources or industry structures. Historically, with the exception of Thailand all the countries in the region are former colonies. All including Thailand share a distinctive style of nationalism, and partly as a result of this, all are governed by states that claim to be strong and lay wide claims but whose capacities are low. Typical features of the region, particularly the roles of large business groups and the Chinese minority, also can be interpreted as a result of this history. One of the outcomes of the analysis is an extension of the varieties of capitalism approach along the dimensions of state capacity and state direction, and of the approach to the internationalizing firm along the dimensions of dynamic capacity and control of subsidiaries. A further outcome is a questioning of the traditional picture of indigenous Southeast Asian business people as lacking in entrepreneurial skills, or more broadly of Southeast Asian nations as lacking in entrepreneurial values. Rather, the past history of these countries has resulted in a set of structures that militate against successful entrepreneurial activity.