推进地勘单位廉政文化建设须实施“五要五不要”

文章从反腐倡廉的大局出发，阐述了地勘单位推进廉政文化建设的思路和措施。     

How regulatory changes affect IPO underpricing in China

This paper examines the underpricing of IPOs in the Chinese A-share market during the period 1992–2006. Since its inception, the Chinese IPO market has transformed from a tightly-controlled system to a more market-oriented system. Reforms include the abolishment of listing quotas and fixed issue price determination; allowing for more market participation in IPO pricing. The regulatory changes of Chinese IPO market, though improving over time, actually are not monotonic. The regulatory framework started from over-restrictive to over-unrestrictive, then fine-tuned with additional restrictions. This study documents the regulatory reforms during the sample period and investigates how these regulatory changes affect IPO underpricing in China. During this period, we find that Chinese IPOs exhibit a huge underpricing. The size of the underpricing, however, decreases over the sample period. This study further finds that the IPO pricing method before the regulatory changes, which was based on a fixed P/E ratio pre-determined by the regulators, contributed significantly to the IPO underpricing in China. After adopting a series of regulatory reforms allowing underwriters discretion in the determination of issue price, this regulatory underpricing component vanishes. This study has policy implications in demonstrating the impacts of regulatory frameworks on IPO underpricing.     

论《物权法》中非依法律行为引起的物权变动

法定非依法律行为可以引起物权消极变动的效力,但出于交易安全考虑,事后进行备案宣示登记是必要的,整体结构安排要和积极变动的登记程序相协调.我国物权法实施过程中应明确规定对因非依法律行为引起的物权变动应该进行登记,考虑对类似强制执行、遗赠扶养协议的受遗赠等特殊情况,在立法上作出一些例外规定.同时,对基于非依法律行为引起的物权变动程序应作出一些具体的规定.     

Grid analysis for sales supervision

Falling to recognize the unique need and desire of salespeople, the sales manager tends to allocate supervisory time according to the amount of his or her past selling experience. This time allocation results in either the excessive or insufficient supervision of sales personnel. This article describes a process of arriving at a more optimum allocation of supervisory time.     

Advisors and decision-makers in product eliminations

This article reports on the product elimination decision within selected sectors of the British engineering industry. The study identified and examined the key organizational participants in product elimination activities. The marketing function and a top management committee generally assumed a significant portion of the product elimination decision making. The results of the study suggested that the people responsible for product elimination varies considerably among companies, depending on such factors as size, product diversity, operations technology, and market competition.     

How industrial salespeople gain customer trust

This study investigated how industrial salespeople gain the trust of their customers. Results show that trust increases as the customer gains the impression that the salesperson is dependable, honest, competent, customer oriented, and likeable. Based on the results, a general model of trust building is suggested.     

Applying financial portfolio and multiple criteria approaches to product line decisions

This article describes the application of decision rules from financial portfolio theory to the evaluation of product lines. The focus is on the risk/return implications of an “add” decision to the total portfolio versus the individual product. Multiple criteria approaches that aid product line evaluations are also presented.     

Asset accumulation,interdependence and technological change: evidence from pharmaceutical drug discovery

Although the resource‐based view of the firm has been written about extensively, the process by which firm assets are accumulated has not been explored in detail. That is, we know little about the micro‐level mechanisms by which assets are built, nor do we have sufficient empirical evidence why some assets are more difficult to imitate, trade, or substitute. In this exploratory paper, we attempt to provide a better understanding of asset accumulation via an empirical research program in pharmaceutical drug discovery. Using a combination of field research, discovery data from nine pharmaceutical firms, and data on 218 alliances involving new technologies for experimentation and testing, three causes affecting asset accumulation are identified and described. First, the difficulty of imitating a particular asset is affected by interdependencies with other assets. Second, trading of assets can be impeded by structural inertia in the core of a firm that is adopting the technology asset. And third, fully specifying all factors affecting imitation and trading ex ante is very difficult, if not nearly impossible, under conditions of rapid technological change. We propose that the complex interactions of these causes can give rise to imperfections in factor markets. Finally, implications for further research are discussed as well. Copyright © 2002 John Wiley & Sons, Ltd.     

Differentiation of the Peasantry Under Feudalism and the Transition to Capitalism: In Defence of Rodney Hilton

The focus of the essay is one specific theme pursued by Rodney Hilton: that of differentiation of the English feudal peasantry and the implications this had for the development of capitalism in England. His contribution on this, along with those of E. A. Kosminsky and of Maurice Dobb, are considered and are contrasted with the view of Robert Brenner. For Brenner peasant differentiation has no causal importance: it is an outcome of transformation and not a driving force in its securing. For Hilton, it is central to transformation: it is not an outcome but a determining variable, a causa causans rather than a causa causata. The Brenner position, it is argued, is incomplete in its ignoring of peasant differentiation in feudal England. It was one of Hilton's accomplishments to explore this in scholarly detail, and with analytical precision. It is suggested that if this is abstracted from an adequate examination of the transition to capitalism in England cannot proceed.     

纳税遵从的国际借鉴及其在我国的适用探讨

纳税人的遵从程度直接影响税法实施的有效性,影响税款流失程度。在我国现阶段,分析导致纳税人不遵从的因素,制定相应的激励机制,提高纳税遵从度,对税务机关正确行使税务管理权,有效遏制税款流失有着现实的意义。