Third generation new entrants in the European mobile telecommunications industry

This paper focuses on new entrants within the European mobile telecommunications industry. More particularly, the paper identifies those new entrants that emerged from the third-generation (3G) licensing process across Europe before examining how they have fared. Four operators seeking to become new entrants across a range of countries are identified, although only one of them—Hutchison Whampoa trading as ‘3’—is considered to be fully active as a 3G new entrant. It is argued that the success of Hutchison Whampoa to date has been patchy, and that a supportive parent company has significantly contributed to its ability to remain active.     

Organizational change and accounting: the gunpowder monopoly in New Spain, 1757-87

The Viceroyalty of New Spain was the main source of income for the Spanish Crown and the largest producer of silver in the world throughout the seventeenth and eighteenth centuries. Carlos III, a member of the Bourbon dynasty, initiated a great tax reform in the viceroyalty during the last third of the eighteenth century, and transferred public activities and leased monopolies were brought under direct state control. This paper focuses on the study of the specific change in the system of administering the gunpowder monopoly in 1766. Institutional sociology provides the theoretical framework for analysing the effects of institutionalized environments on the organizational structure and its expression through a process of bureaucratization as a mean of establishing organizational rationality. The role of accounting in the process of organizational change is analysed from a multidimensional perspective: on the one hand, as an aspect of the organizational structure which enables the improvement of the economic performance of the monopoly and to generate organizational visibility; and, on the other hand, as an element under the control of the creator of environmental rationality.     

Understanding and managing international growth of new products

Growth is one of the most compelling goals of managers today. This paper addresses the following questions about the international growth of new products in Europe: Does the pattern of growth differ across countries? If so, does culture or economics explain the differences? What are the implications of these results for new product strategy?The results show that the pattern of growth differs substantially across European countries. These differences are explained mostly by economic wealth and not by culture. The study addresses the implications of these results for: (a) the choice of a waterfall versus sprinkler strategy for the introduction of a new product; (b) the global versus local marketing of a new product; and (c) managing a firm's expectations about new product growth.     

新巴塞尔协议对中国银行业信息披露的启示

巴塞尔委员会在其《统一资本计量和资本标准的国际协议修订框架》中，提出了第三支柱的总体原则和具传要求。对中国银行业信息披露方面的有关规定与新巴塞尔协议第三支柱的要求进行比较的话，有利于中国银行监管部门改善信息披露机制。     

Ordering a Profession: Swedish Nurses Encounter New Public Management Reforms

This article deals with professional responses to and handling of New Public Management reforms in the context of Swedish health care. The focus is on Swedish nurses, and the argument is that the extent to which a profession is heterogeneous and embraces a variety of ordering processes explains differing, and even contradictory, responses within a single profession. The paper shows that the ordering processes within the Swedish nursing profession provided a wide variety of conditions for nurses' encounter with the reforms. Overall, the transformations brought about by the New Public Management reforms aligned more easily with the process of ordering nurses into administrative leaders than with the process of ordering nurses into experts in caring.     

The role of antitrust in a small open economy: The Commerce Act in New Zealand

This paper reviews the New Zealand antitrust regime represented by the Commerce Act 1986. The context is a rapidly liberalising, small open economy with light-handed regulation. New Zealand antitrust draws on recent US microeconomics for its underlying economic principles, but more on the Australian Trade Practices Act for its legal framework. The influences of these and other countries on the operation of New Zealand antitrust are traced through precedent and an analysis of major cases. Increasingly interpretations have differed from those in Australia, with more weight being put on the promotion of efficiency and less on traditional competition objectives.I acknowledge the assistance of G. Connors, J. Feil, D. Round, G. Sellens and M. Malan. The views expressed are those of the author, and not the institutions with which he is associated.     

Automatic adjustment clauses and allocative efficiency in public utilities

This paper presents a formal analysis of the efficiency effects of automatic adjustment clauses (AACs) is regulated industries. Using a two-input model of ex ante/ex post input choice and a general putty-clay technology, we analyze the relative extent of allocative distortions due to each of three alternative regulatory policies—periodic rate review with and without an AAC, and an AAC without any rate review—for the case of a regulated firm that chooses an ex post technology to maximize the present value of future profits.Our results indicate that the economic rationale for using AACs in industries already subject to intermittent rate review is not unambiguous, even in the face of severe cost inflation, and is particularly sensitive to the magnitude of the price elasticity of demand for output and the rate and direction of input price changes. We are forced to conclude that the use of AACs in regulated industries such as electric power, while originally justified on the basis of financial viability, may well carry significant economic costs in the form of allocative inefficiency that may outweigh the benefits.     

Static and dynamic forecasting of short-run demand for money

Previous studies of static and dynamic out-of-sample simulations of the demand for money have indicated a breakdown in the short-run real money balances over the past 1974 forecast period. Using the varying parameter regression technique, the findings of this paper demonstrate that previous results are misleading because the shift of the money demand is obscured by the constant coefficient estimation technique. Our estimation procedure has not only drastically improved both static and dynamic forecasts but has also solved the missing money puzzle.     

Evaluate the sales force as a business

High interest rates are posing serious problems for all business organizations and impact more heavily on those in the industrial sector. Cash flow difficulties result directly from high interest rates, which in turn produce pressure on the sales force: credit terms are tightened; customers are pushed to pay their bills more promptly; and, shipments are delayed because of reduced inventories. This set of difficult circumstances, however, provides an opportunity for management to achieve a long desired objective—making the efforts of the sales force more congruent with the profit and ROI goals of the enterprise.This article outlines the structure of a training program, consisting of seven sessions, that introduces business performance criteria to sales territory management.     

发展农村合作经济组织建设社会主义新农村

中央在“十一五”发展规划中确立了我国建设社会主义新农村的战略目标。从国外的发展经验和我国的实际国情看,大力推进农业产业化,发展农村合作经济组织才是实现农业现代化、建设社会主义新农村的最佳途径。本文从新疆农村合作经济组织的发展现状出发,分析了其存在的问题并提出了相应的对策建议。