Initial public offerings in the gaming industry: an empirical study

The fastest growing segment of the hospitality industry is gaming-related business. This industry has experienced record numbers of companies going public, and their stocks are considered favorable long-term investments. Research in the initial public offering (IPO) area suggests that investors acquiring stock at the initial offering price earn large returns. The purpose of this study was to determine if large returns are being experienced for IPOs in the gaming segment of the hospitality industry, and if these large returns were limited to investors who purchased the stock at the initial offer price. There were 14 gaming-related companies selected for the study. The conclusions supported research reporting that the highest returns from IPO investments are made when the stock is purchased at the initial offer price. This study concludes that returns based on the initial offer price were greater than the casino index and the IPO index. When the investor purchased the stock at the first day's closing price, however, returns compared to the two indices were surpassed only after holding the stock for 8 weeks.     

财政分权与义务教育财政管理体制问题探析

我国是成功实施财政分权化的国家之一。作为公共财政框架部分之一的义务教育也实行了分权化管理,义务教育办学的责任主要地落在了县、乡两级地方政府身上。而我国庞大的义务教育事业由县、乡甚至村脆弱的财力来承担,可谓“杯水车薪”：一些农村地区和贫困山区学龄儿童无学可上,无书可读等现象屡见不鲜。可见过度分权化的义务教育财政管理体制是制约当今中国义务教育发展的症结所在。     

Managing and financing metropolitan public services in China: experience of the Pearl River Delta region

Under China’s current fiscal policies and inter-governmental relations, it is a significant challenge to finance and deliver public services across jurisdictions. This challenge was met in the Pearl River Delta region in southern China with a collaborative governance approach. Directives from higher-level governments and horizontal inter-city fiscal arrangements were successfully combined to deliver public services. Effective networks should be developed to improve co-ordination and collaboration in delivering cross-jurisdictional public services.     

从多个视角看公共组织的内在性问题

公共组织的内在性是指公共组织确立的用来指导、管理和评估机构运行及其成员行为的标准或目标,这些标准或目标在很大程度上反映了公共组织的内部利益而非社会利益。文章从公共物品、公共组织的特性和政治"市场失灵"三个视角对公共组织内在性问题进行分析,认为这三个方面构成了内在性作用的载体、来源和机制。     

金融创新:国有商业银行改革与发展的现实选择

国有商业银行的改革与发展离不开金融创新 ,当前 ,国有商业银行可在制度创新、业务创新与管理创新上有所作为     

1998—1999:我国金融改革回顾与前瞻

１９９８年是我国金融改革极为关键的一年。其间热点问题：１．国家实施扩大内需的宏观经济政策,中央银行执行积极的货币政策。２．银行强化防范、化解金融风险意识。３．各级银行实行金融机构改革。１９９９年我国金融改革将会有更大动作：１．积极的财政政策和适当货币政策联姻将有力启动经济增长。２．商业银行流动性将进一步加强,中央银行宏观调控力度提高。３．防范化解金融风险任务更重,深化改革更为必要     

论旅游专业教学改革中的观念更新

旅游专业教学改革应处理好与外部环境的互动关系, 新时期高等教育所进行的市场化、产业化改革为旅游专业的教改工作提供了全新的发展思路。应树立市场观念、竞争观念和品牌观念,通过创立旅游专业特色,培养社会适用人才以及市场化的运作模式,促进旅游高等教育的良性发展。     

旅游公共关系研究

旅游业与公共关系有着密不可分的紧密联系,建立旅游公共关系学学科体系十分必要。从旅游与公共关系的关系角度入手,讨论了旅游公共关系的基本原理和基本操作技巧     

21世纪桂林旅游业发展问题研讨

为使桂林旅游业在２１世纪能够有大的作为,并在激烈竞争的国际旅游市场上立于不败之地,针对桂林市旅游业现存的问题,就桂林旅游企业改革、城市定位、旅游法制建设、旅游产品开发、旅游意识建设５个方面进行了较为深入的探讨     

论公共图书馆信息服务存在的问题及发展对策

目前,图书馆在信息服务方面还存在很多问题,需要一大批专门的信息服务人才来改变这种状况,并求得解决问题的方法和对策,把图书馆的信息服务提高到一个新的高度。