Cultural Preservation and Urban Development: Case Studies on Chinese Old Brand Enterprise

Abstract

When we talk about “City Development, Preservation, and Hospitality”, we do not forget to discuss Chinese Old Brand Enterprises. These enterprises, labeled with distinctive historical character, enjoy high reputation and wide recognition, are very important parts of urban cultural preservation and economic development. Nowadays, China is called an emerging economy in the world. In fact, China has a long history of business tradition for thousands of years. Especially, Chinese Old Brand Enterprises are those that inherit Chinese traditional culture and bear unique techniques, products, and services in their operations. The urban system in most countries is influenced by market forces and enterprises. Cities that produce goods and services that are in demand and attract people to live in them will have faster growth than those that do not.     

风险投资企业治理模式比较及效率研究

风险投资企业的治理问题作为一个新兴的研究领域日益受到理论界和实践部门的关注。本文通过构建风险投资企业治理模式的简单模型,对三种典型的风险资本运作模式进行了比较和相应效率分析,提出我国风险投资企业应采取强制性制度变迁和诱致性制度变迁相结合的治理模式。     

深入推进企业廉洁文化建设的研究

企业廉洁文化建设是社会主义先进文化建设的一个重要组成部分,尤其是在经济、文化迅猛发展的今天。以它为指导,创建健康积极的工作氛围,全面提升企业综合实力。     

刍议新时期下构建和谐师生关系中信任效能的发挥

新时期下,师生间的沟通障碍妨碍了开展气氛活跃的课堂,不利于构建和谐的校园生活。师生沟通障碍的出现,是彼此间的信任危机的表现,阻碍了新教育时期的师生关系发展。在信任为基础上建立师生间沟通的桥梁,发挥信任在师生关系中的效能,才能使得师生关系的和谐,课堂气氛的融洽,校园生活的健康、向上。     

提高欠发达地区高校资金使用效率的几点建议——以江西省普通高校为例

以江西省属普通高校为例,在分析江西高校资金使用现状及存在问题的基础上,对提高欠发达地区高校资金使用效率提出了几点建议,以期为欠发达地区高校财务管理有所裨益。     

An Application of the Dynamic Network DEA Model: The Case of Banks in Taiwan

ABSTRACT

In this study, we apply the dynamic network slack-based measure data envelopment analysis model (DNSBM) to measure the efficiency of Taiwanese banks during the period 2005–11. Using the network structure, we define intellectual capital creation capability as one of the production stages. In order to capture the dynamics of the transformation process, the nonperforming loans and loan loss reserves are defined as carryover items. This study offers sufficient information for managers to understand not only the overall performance of their banks but also the efficiency of each production stage and the dynamic changes of the overall and divisional efficiencies.     

The side effects of quantitative easing: Evidence from the UK bond market

We examine the returns to UK government bonds before, during and between the phases of quantitative easing to identify the side effects for the market itself. We show that the onset of QE led to a sustained reduction in the costs of trading and removed some return regularities. However, controlling for a wide range of market activity, including issuance and QE announcements, we find evidence that investors could have earned excess returns after costs by trading in response to the purchase auction calendar. Drawing on economic theory, we explore the implications of these findings for both the efficiency of the market and the costs of government debt management in both the short and long run.     

On the efficiency of intra-industry information transfers: The dilution of the overreaction anomaly

We revisit the stock market anomaly documented by Thomas and Zhang (2008) and show that the apparent mispricing of information transfers has decayed over time, as the US markets experienced rapid improvements in the efficiency of the underlying price formation processes. Utilizing recent advancements in market microstructure research to estimate firm-specific proxies for market efficiency, we demonstrate that the existence of the overreaction anomaly (where stock prices of late announcers in response to the earnings reported by early announcers in the same industry are negatively related to subsequent price responses of late announcers to their own earnings reports) is specific to an earlier sample period and results from the inefficient incorporation of information into prices, largely attributable to an environment with high barriers to arbitrage. Our results indicate that the pricing efficiency of intra-industry information transfers has increased in the recent years of increased liquidity and markedly higher trading activity.