The pros and cons of rewarding social responsibility at the top

Overemphasis on financial performance criteria to award incentives for CEOs has often been mentioned as one of the main culprits behind recent corporate scandals. In response, there is a growing chorus for inclusion of social performance criteria in the design of executive compensation schemes. To date, however, very little is known about the true benefits of this practice. This article critically discusses the potential advantages and pitfalls of this recommendation. © 2009 Wiley Periodicals, Inc.     

全面构建企业网站的自我行销力——以建设消费者导向型企业网站为例

新竞争环境下,企业网站建设也成为企业品牌传播、企业自我行销的平台。而过多企业的网站建设却流于形式,难以发挥其传播功能。消费者导向型企业网站的建立,增加了消费者与企业品牌之间的互动,从而实现企业网站的自我行销功能,使过低点击率的"死网站"得以复活,让企业网站成为推动企业发展和品牌建设的动力,并最终赢得消费者对企业和企业品牌的偏爱和信任。     

基于系统模糊优选模型的企业文化竞争优势评价研究

根据企业文化的特点,提出企业文化竞争优势的评价指标体系,建立基于多目标系统模糊优选理论的企业文化竞争优势评价模型。对4个企业的竞争优势进行实证分析,评价结果能定量诊断各企业文化竞争优势的差别,同时为企业采取合理的应变策略、提高竞争能力指出方向。     

浅议我国独立董事的职能定位

文章从独立董事制度兴起的背景分析独立董事的职能,再结合我国公司治理结构的特点分析我国独立董事职能,并就独立董事监督职能与监事会职能的协调进行分析并给出建议。     

对洋快餐与中国餐饮竞争格局的思考——看中西文化的碰撞

当今中国社会,洋快餐大行其道,面对我们传统的中国餐饮受到的冲击,文章通过对中国传统饮食文化的认识,思考我们对洋快餐的消费是欣赏它"快"是消费它的"派"还是消费它的文化?并对洋快餐的竞争优势从它的企业文化,成熟的管理制度等方面进行了分析解答。     

Review on the Study of the Allocation of Corporate Control in Enterprise Theory

With the establishment of a modem corporate system, the separation of ownership and management appears in the company. The rational allocation of corporate control between different behavioral agents has attracted more and more attention. This paper points out that scholars have studied the allocation of corporate control from the angles of the agency cost theory, property rights theory, corporate finance theory, and the theory of corporate governance, which has great value. However, the existing theories also have some flaws on the allocation of corporate control. First, people still have different understandings and views over the meaning of corporate control. Secondly, the existing research theoretically only observes and studies an arrangement of sheer level control, the allocation between final control and real control. This paper argues to build the two-tier allocation of corporate control： The first tier relation is between ultimate control rights and actual control rights, the second tier relation is between indirect control rights and direct control rights which are in actual control rights. This study can explain the resource allocation effects of corporate control, promote the development and improvement of the theory of the firm.     

国际多元化、控股股东与公司增长

本文利用2009年-2011年中国制造业上市公司的数据实证研究了国际多元化与公司增长之间的关系,并与行业多元化进行比较分析。结果发现,国际多元化与公司增长之间存在统计上显著的正相关关系,而行业多元化与公司增长之间不存在统计上显著的关系。进一步分析表明。国际多元化与公司增长之间的正相关关系仅存在于无控股股东的企业。这从侧面反映了所有者与管理者之间的委托代理问题。在跨国公司内部,国际多元化程度与公司增长之间存在先下降后上升然后再下降的水平的S型关系。     

上市公司股权激励盈余管理及影响因素研究

自股权激励办法施行以来,股权激励作为一种降低代理成本的激励方式,被越来越多的上市公司所采用。然而实证发现,盈余管理会伴随股权激励发生,实行股权激励公司在业绩考核第一年存在显著的盈余管理现象,而业绩考核前一年并不存在。在影响盈余管理的因素上,公司选用考核范围更广的业绩指标能减少管理层进行盈余管理的动机,行权时长的增加会给管理层盈余管理造成一些困难,从而抑制管理层在后阶段盈余管理的行为。     

Does good governance prevent bad strategy? A study of corporate governance,financial diversification,and value creation by French corporations, 2000–2006

Building on and extending prior research, we propose a comprehensive framework which posits that free cash flow moderates the impact of corporate governance on financial diversification. We argue that because it increases CEO perceived risk, alignment devices increase rather than decrease financial diversification. In a sample of 59 publicly traded French corporations during 2000–2006, we show that financial diversification negatively impacts shareholder return and firm value. We obtain support for several of our hypotheses: at high levels of free cash flow, CEO variable compensation increases financial diversification, whereas chairman/CEO non‐duality reduces it. In contrast, independent directors increase financial diversification at low values of free cash flow (although weakly). We also find that ownership concentration only reduces financial diversification when free cash flow is low.Copyright © 2012 John Wiley & Sons, Ltd.     

高职学生职业素养与企业文化融通的路径

由于受实用主义教育观的影响,目前国内高职教育为迎合市场需要,存在着不同程度的重技能、轻素质;重专业、轻做人;重教书,轻育人等问题。文章根据学生职业素质教育的理论与实践,以校企合作"订单式人才培养"为基点,以"双元双导三课堂"培养体系为平台,探索学生职业素养与企业文化融通的方法与路径。