On the importance of matching strategic behavior and target market selection to business strategy in high-tech markets

Business strategy is fundamentally concerned with the actions required to create superior customer value in the firm’s target markets with the ultimate goal of achieving superior performance. Marketing theory suggests that two critical marketing activities required to achieve this end are: (1) the adoption of appropriate strategic behaviors (i.e., customer-oriented, competitor-oriented, technology-oriented) and (2) targeting of the appropriate market segments (i.e., innovators, early adopters, early majority, late majority, laggards). This study builds on prior research which demonstrates that the strategic behavior—firm performance relationship is contingent on the firm’s strategy by examining this relationship in high tech markets and by considering the incremental contribution of appropriate target market selection. Responses from 160 senior marketing managers in high-tech firms reveal strong support for our framework. Thus, this study provides useful guidance to executives and managers in high-tech firms regarding the steps that they should take to increase their probability of success.

我国注册会计师刑事责任若干问题探讨

提供虚假证明文件罪和出具证明文件重大失实罪是与注册会计师刑事责任最为密切的两个罪名,有关此两罪的立法和司法实践存在诸多需要探讨的问题。在立法方面,探讨了两罪的追诉标准和提供虚假证明文件罪的法定加重情形等问题;在司法实践方面,从单位犯罪、共同犯罪两个方面探讨了两罪的法律适用。     

家族企业公司治理文化探析

家族企业已成为我国经济发展中一支不可缺少的有生力量,而公司治理文化将直接影响到家族企业的发展.文章分析了家族企业的公司治理文化的特征、根基及利弊.     

作业基础业绩评价体系的构建

作业基础内部业绩评价体系是在传统责任会计理论基础上发展起来的作业基础责任会计制度,它以作业为基础,通过作业动因对企业内部各责任中心的再认识和再划分,利用作业管理基本理论和方法,依据作业价值链对责任中心进行管理和考核.作业基础责任会计是责任会计自身理论和实践的发展与完善,是对企业内部业绩评价的一种全新的改革.     

How does reinsurance and derivatives usage affect financial performance? Evidence from the UK non-life insurance industry

A three-equation structural model is applied in this study to facilitate our examination of 1994–2011 regulatory returns data on UK non-life insurers, from which we find that those insurers using more reinsurance tended to have inferior financial performance, whilst those insurers with a predisposition towards risk management tended to have used both reinsurance and derivatives. We also find that those insurers with high loss ratios were found to have inferior financial performance. Our analysis sheds some light on the relationships between financial performance, reinsurance and derivative usage.     

Does corporate social responsibility reduce financial distress risk?

This paper examines how corporate social responsibility (CSR) affects the level of financial distress risk (FDR). Using a sample of 1201 US-listed firms during 1991–2012, our results indicate that firms with higher CSR levels have lower FDR, suggesting that a better CSR performance makes firms more creditworthy and have better access to financing, which is rewarded with less financial defaults. This finding is robust to using alternative proxies of FDR, to controlling for potential endogeneity, and is mainly driven by the community, diversity, employee relations, and environmental dimensions of CSR. Moreover, this relationship is more prevalent in firms with strong governance mechanisms and high product market competition. It is also more exacerbated for less distressed firms and during non-crisis periods. Overall, our findings suggest that the adoption of CSR practices comes with less distress and default risks, likely leading to a more attractive corporate environment, better financial stability and more crisis-resilient economies.     

Does top management Team’s academic experience promote corporate innovation? Evidence from China

This study investigates whether top management teams’ academic experience affects corporate innovation, using manually-collected data on Chinese firms from the period of 2008–2017. The results indicate that academic experience has a strong positive effect on corporate innovation. The positive effect of academic experience on corporate innovation is more pronounced, when firms grow faster or are non-state-owned. By exploring the transmission channels, the results generally show that academic experience influences corporate innovation by improving internal controls and reducing the degree of information asymmetry. These findings are among the first empirical evidence of the association between academic experience of top management teams and corporate innovation.     

企业创新界面有效性对企业绩效影响的实证研究

企业实践及理论研究表明,界面管理对于企业创新绩效有着重要影响。在文献探讨的基础上,提出了创新界面有效性对企业绩效影响的概念模型,并对大连市大中型企业进行了实证研究,在一定范围内验证了这一模型。研究发现,只有将创新界面管理与企业战略及市场环境紧密结合起来,才能充分发挥其效用。     

沿海地区建筑企业安全管理绩效评价研究

对我国沿海地区的建筑企业安全绩效进行调查研究,利用数据包络分析(DEA)中的C2R模型和SE-C2R模型对建筑企业的安全管理绩效进行评价,结果表明:安全管理绩效有效的建筑企业表现出“低投入、低事故率”,相反无效的建筑企业表现出“高投入、高事故率”,证明了高安全管理投入并不一定能够带来低事故发生率;安全管理绩效无效的建筑企业具有提高安全管理绩效的潜质和改善空间,关键在于如何科学地配置安全管理投入资源;同时也表明DEA是评价建筑企业安全管理绩效的一种有效方法.     

精英还是普惠？严格入孵对孵育绩效的影响

孵育机制创新作为一种切实可行的办法备受学者关注,针对现有文献只见“在孵”不见“入孵”的研究困境,以严格入孵作为孵育机制创新的逻辑起点,考察其对孵育绩效的影响,并从孵化器主体与严选导向两个方面揭示上述经济后果差异。同时,通过分析创业失败抑制行为,厘清严格入孵影响路径与作用机理,以指导孵化器开展严格入孵工作并提高创业企业“转危为机”的能力。研究发现,严格入孵与孵育绩效之间存在非线性关系,且孵化器类型与严选导向的交互作用会对孵育绩效产生不同影响。同时,在制度情境约束下,创业即兴在严格入孵与孵育绩效间发挥中介效应。研究结论不仅可为经济高质量发展背景下孵化器改革转型提供启示,而且可为创业失败理论与孵育机制相融合作出独具中国特色的贡献。