论证券投资基金的收益及其分配

证券投资基金的收益主要包括利息收入，股利收入和资本利得。在甸证券市场发育不完善的现阶段，出于会计谨慎性原则的考虑，证券投资基金的收益不应包括股票股利和未实现的资本利得。在收益分配方面，管理层对证券投资基金收益分配政策的限制过程多过死，不利于投资基金业的健康发展，基金持有人大会在基金收益分配政策的制定上应当享有更多的决定权。     

Building up a B2B e-commerce strategic alliance model under an uncertain environment for Taiwan's travel agencies

E-travel agencies adopt B2B strategic alliances in order to strengthen their competitive advantages in the e-commerce travel market and because they are an effective tool to gain wider sustainable gains. External environmental and internal organizational factors impacting the success of strategic alliances model are themselves a crucial issue. This study uses multiple methods to collect data from multiple sources and uses qualitative and quantitative surveys. A two-stage research design is adopted to explore the present strategic alliances between Taiwan's wholesaler e-travel agencies and retailer sub-agencies. The results provide an in-depth understanding into the B2B e-commerce strategic alliance model. According to this research, Taiwanese e-travel agencies consider three external environment uncertainties, five internal organization motivations, five partner selection criteria, and two performance measurements of alliance strategies. Finally, the paper proposes an optimal B2B e-commerce strategic alliance model that matches the essential development needs of B2B e-commerce and overcomes the environmental uncertainties.     

我国金融发展对居民收入分配影响的实证研究

我国金融发展对城乡居民收入分配影响的实证研究结果表明:金融发展规模是城乡居民收入差距的格兰杰原因;金融发展效率与城乡居民收入差距具有双向的格兰杰因果关系.金融发展规模的扩张扩大了城乡居民收入差距,金融发展效率的提升则缩小了城乡居民收入差距.     

Sales channel integration after mergers and acquisitions: A methodological approach for avoiding common pitfalls

This article addresses the integration of sales channels after mergers and acquisitions (M&A) by appraising the strengths, weaknesses, and biases associated with the four most common frameworks for evaluating sales channels (sales management, historical performance, strategic fit, and customer choice) for their appropriateness in a post-M&A context. The authors develop a methodological approach that uses a balanced-scorecard framework to guide managers through the sales channel integration process, and then apply this approach to the merger of two industrial firms' sales organizations across 21 territories. In so doing, they reveal various pitfalls and propose and test some analytical corrections. Longitudinal performance data support comparisons across the different evaluative frameworks; in particular, the sales management and customer choice frameworks provide the most insight into channel partners' post-integration performance. The results support the premise that channel integration can be improved by accounting for factors unique to the M&A context and using an approach that triangulates multiple perspectives.     

The Evolution of Marketing Channel Research Domains and Methodologies: An Integrative Review and Future Directions

Marketing channels are among the most important elements of any value chain. This is because the bulk of a nation's manufacturing output flows through them. The intermediaries (e.g., distributors, wholesalers, retailers) constituting marketing channels perform specific distribution functions, such as transportation, storage, sales, financing, and relationship building, better than most manufacturers. Over his distinguished career, Louis P. Bucklin investigated many questions about the structuring and functioning of marketing channels using conceptual, empirical, and microeconomics model-based methodologies. Today, the academic marketing literature contains hundreds of articles that have employed these three broad classes of methodologies to investigate issues of channel intermediaries’ interorganizational relationships, for example, power-dependence, relational outcomes, conflict and negotiations, and manufacturing firms’ channel strategy, for example, channel structure, selection, coordination and control. So far, however, there has been no review of how the three different methodologies have contributed to advancing knowledge across this set of channels research domains. This paper is the first that aims to (1) chart how channels research employing each of the three classes of methodologies – conceptual, empirical, microeconomics model-based – has evolved over seven decades along with current trends; (2) review the contributions and shortcomings of research to date using these methodologies; and (3) suggest future research opportunities using these methodologies, separately or in an integrated fashion.     

An Update on Product Recalls

Abstract

A firm producing consumer products cannot shield itself from product recalls 100% of the time. However, actions can be undertaken to decrease the likelihood of having to recall a product. Once a recall is inevitable, and the process begins, the firm can make the recall process a much smoother one than it would be for an unprepared firm. After the recall is complete, the firm will still have a great deal of work to do to bring it to the best possible conclusion. Regardless of the severity of the recall, there will almost always be opportunities for the firm to improve its processes and to gain the confidence of consumers.     

Benefit Incidence of Public Recreation Areas—Have the Winners Taken Almost All?

This study presents a framework for investigating the benefit incidence of provision of public recreation opportunities. The proportion of individuals who use outdoor recreation services increases with income, and frequency of use differs by the users’ gender and life situation (e.g., depending on whether they are students or older citizens). The decomposition of distributive incidence shows that a bias in favor of high-income groups may be accentuated when the perceived value of these services is taken into account in monetary terms. We compare alternative strategies in terms of equity for improving recreation opportunities, e.g., reduced distance to or increased acreage of recreation sites. Our results indicate that although these strategies improve the welfare distribution among the income groups, a considerable proportion of benefits nevertheless accrue to high-income groups.      

我国增值税地方分享部分的区域间分配办法及其改进

1994年分税制财政管理体制改革以来，我国增值税地方分享比例出现了不断下降的趋势。与其他开征增值税、并实行增值税中央与地方分享的OECD国家相比，目前我国地方政府的增值税分享比例并不高。但是，增值税地方分享部分按来源地在各地区间分配的操作办法仍然难以平押地方政府的投资冲动，不利于促进区域间基本公共服务的均等化，也不利于改进政府的执政理念。在仍将增值税地方政府分享部分明确为地方收入的基础上，应改革按来源地在各地区间分配的办法，建立一种综合考虑各相关因素的更为合理的分配策略。     

Collaborative buyer-supplier relationships and downstream information in marketing channels

Research on buyer-supplier relationships has emphasized the importance of collaboration and business networks. We aim to study the effects of downstream information on the collaborative buyer-supplier relationship. Downstream information refers to the information a firm obtains from marketing channels, be they wholesalers, distributors or retailers. The approach allows firms to concentrate their efforts on the most relevant sources of information and not on the whole network. Survey data was gathered from the Dutch potted plant and flower industry to test this hypothesis. Our findings demonstrate that collaborative relationships are contingent on downstream information from both the buying perspective (wholesalers) and from the supplying perspective (producers).     

Organizational Innovation Capability: A Driver for Competitive Superiority in Marketing Channels

This paper investigates the interplay between innovation and competitive superiority in the context of channel management by adopting a capabilities view. The relevance for channel marketing and management scholars is that we developed an environment-strategy-value contingency model to address the focal phenomenon. Our empirical results clearly support the key argument that managerial and technological innovations play an essential role in understanding of how competitive superiority is achieved in constantly evolving marketing channels. As such, our contingency factors involved have a significant intermediate role in each of the research contexts examined, indicating that the innovation capability has a channel specific profile.