Contracts with endogenous information

I study covert information acquisition and reporting in a principal agent problem allowing for general technologies of information acquisition. When posteriors satisfy two dimensional versions of the standard First Order Stochastic Dominance and Concavity/Convexity of the Distribution Function conditions, a first-order approach is justified. Under the same conditions, informativeness and riskiness of reports are equivalent. High powered contracts, that make the agent's informational rents more risky, are used to increase incentives for information acquisition, insensitive contracts are used to reduce incentives for information gathering. The value of information to the agent is always positive. The value of information to the principal is ambiguous.     

Improving the perceptions of hotel managers

This research seeks to identify the importance of various capabilities and psychosociological factors of hotel managers, in order to improve their perception of the competitive environment emerging in the post-Internet era. Specifically, the study analyzes the relevance of education, experience, globalization capabilities, networking, creativity and vision of the future, and other factors related to personality and leadership, to advance the accuracy of this perception. The research used questionnaires with Spanish hotel managers, a Delphi study with international experts, and structural equation modeling to test the hypotheses formulated. The results corroborate the model established, and stress the importance of the education and globalization capabilities in this field.     

Learning, hubris and corporate serial acquisitions

Recent empirical research has shown that, from deal to deal, serial acquirers' cumulative abnormal returns (CAR) are declining. This has been most often attributed to CEOs hubris. We question this interpretation. Our theoretical analysis shows that (i) a declining CAR from deal to deal is not sufficient to reveal the presence of hubris, (ii) if CEOs are learning, economically motivated and rational, a declining CAR from deal to deal should be observed, (iii) predictions can be derived about the impact of learning and hubris on the time between successive deals and, finally, (iv) predictions about the CAR and about the time between successive deal trends lead to testable empirical hypotheses.     

企业技术能力结构化研究

从企业技术能力构成角度,给出了企业技术能力六个构成要素,并分别探讨了企业识别技术能力、选择技术能力、获取技术能力、利用技术能力、保护技术能力及技术库.     

并购失败：管理者利益保护还是经济安全威胁解除？——凯雷收购徐工案例研究

凯雷集团并购徐工机械是国内第一起由国际私人股权基金获得大型国有企业绝对控股权的案例。文章采用事件研究法,以徐工机械控股的上市公司徐工科技为研究对象,分析了此次并购过程中的五个事件：首次签署并购协议,博客门事件,修订并购协议,二次修订并购协议,协议到期。研究表明上市公司股东在前两个事件中获得了显著的正超常收益,而在后两个事件中的超常收益显著为负,至协议到期并购失败后又获得显著为正的超常收益。从并购过程中的市场反应来看,支持经济安全威胁的证据比支持管理者利益保护的证据更强。     

试析全球企业并购潮

九十年代以来 ,随着世界经济全球化和信息化的发展 ,跨国集团的并购之风愈演愈烈。本文分析了企业并购的原因和目的 ,以及企业并购对世界经济格局可能带来的影响 ,提出企业并购是跨国公司面向 2 1世纪而进行企业经营战略和管理结构的全面改革 ,是企业在日趋激烈的竞争环境中作出的新的战略选择     

装备采购项目效益评价模型研究

随着政府采购制度的逐步推进和装备采购制度改革的深入,怎样对装备采购项目的效益进行评价一直是难以解决的问题。论文拟对装备采购效益建立评价指标,进而建立模糊综合评价模型,试图为评价装备采购效益提供一个新的方法。     

企业动态能力对组织内部创新机制作用理论阐释

如何才能使我国企业更好地建立内部创业环境、制定内部创业规则以及激活内部创业活动，是在当前建设创新型社会的大背景下，对企业长远发展意义重大的问题之一。本文试从当前理论界比较前沿的企业动态能力的角度出发，理论探讨这一命题，以期得出一些可以借鉴的结论。     

低信噪比环境下短扩频码捕获性能的改善

介绍了低信噪比环境下基于FFT的扩频码捕获技术,提出了在相同累加段数情况下提高性能的方案。作为提高相干增益的两种方式,相干累加和非相干累加各有优缺点,在一定的数据长度内合理地设计累加方式对提高捕获性能大有帮助。基于两种累加方式的性能介绍了一种两路非相干积分的累加方式。对于GPS信号,在低信噪比的环境下的仿真证明,在一定长度下优化后的累加方式相比非相干累加和普通混合累加方式能够得到更好的捕获效果(更高的检测概率)。     

基于LSSC的物流企业成长机理——探索性多案例研究

文章基于"资源-能力-成长"的企业成长理论模型,对服务供应链、组织间网络和动态能力理论进行了梳理,报告了物流服务供应链(Logistics Service Supply Chain,LSSC)的网络属性对核心企业成长的影响的研究现状,并提出了文章的研究框架,通过采用探索性多案例的研究方法,对三个典型民营物流企业进行了调查,通过三个案例的一级编码、二级编码和三级编码,得出以下研究结论:物流服务供应链的网络结构和网络关系可以直接促进物流企业成长;物流服务供应链的网络结构和网络关系也可以通过动态能力的作用促进物流企业成长。研究表明:第三方物流企业的成长要通过网络化战略来实现,通过构建物流服务供应链模式,汲取组织间资源、提升企业动态能力并最终实现企业成长。