Testing the Information Structure of Eastern European Markets: The Warsaw Stock Exchange

This paper investigates the content of the information set used by the agents in the Warsaw Stock Exchange - WSE. Three “candidate variables” are examined — consumers’ prices, the zloty/US$ exchange rate and the refinancing rate of the National Bank of Poland — with respect to three WSE stocks, from different sectors of the economy. The methodology employed supposes that the innovations in the price series are orthogonal to all variables within or outside the information set. Beyond the question of how to specify the agents expectations, the WSE trading rules and the high volatility period present in all monthly price series were additional problems to render it operational. Given the solutions adopted, in only three out of the nine cases tested, it was possible to reject the null that the candidate did not belong to the information set. This is a signal that macroeconomic fundamentals are still absent from the WSE. This revised version was published online in July 2006 with corrections to the Cover Date.     

Analyzing the state-accounting profession dynamic: Some insights from the professionalization experience in China

The dynamic nature of the state-accounting profession relationship has been mostly explored within a western democratic and capitalist context. Taking into account the unique culture and the system of power in China, this paper contributes by examining the influence of the state over the Chinese public accounting profession during the 1990s. Utilizing a corporatist framework and combined with Gramsci’s concept of hegemony, this paper provides insights into the power relation between the state and the accounting profession, as well as illuminates the ideological influence of the state in the development of the profession. The empirical investigation also pays particular attention to the intra-professional conflicts that took place in the 1990s and provides further insights into the dynamic of the state-accounting profession relationship in that era.     

The impact of selling aids on new prospects

Once a firm has called a list of good prospects, it is necessary to turn those prospects into first-time customers. Through an empirical investigation in the business forms industry, lunches, plant tours, advertising specialties, and printed promotional material were evaluated as selling aids. Plant tours and lunches were found to be especially effective in turning prospects into customers.     

Network-centric digital development in Korea: Origins,growth and prospects

South Korea is currently the world leader in digital network infrastructure and the leading example of ICT-driven development. However, the explanation of how and why Korea accomplished these things is not clearly apparent from a review of mainstream scholarship. A deeper understanding of Korea’s “miracle on the Han” requires more historical, cultural, political and social context. This study addresses questions of how, when and why a nation whose infrastructures were utterly destroyed at the 1953 cessation of hostilities in the Korean War could emerge as the world’s digital network leader. It examines policy issues bearing on digitization of networks, network architecture and network technologies, along with broader context in which these policies were considered, drafted and implemented. Chronologically, the study explains the origins of digital development in the revolutionary decade of the 1980s, Korea’s rise to world broadband leader in the 1990s and its ambitious plans for next generation networks. The study concludes with a review of policy “lessons”, including both successes and failures, that may be drawn from the Korean experience.     

"中关村模式"的内涵、问题及对策研究

自1980到1999年,中关村产业集聚从幼稚到稳步发展,形成了独特的集聚模式,本文分别从外部干预、内在动力和形成路径3个角度分析中关村模式的独特内涵,在此基础上分析中关村独特的形成模式所引发的诸如行政网络错综复杂、产学研缺乏良好的互动,以及缺乏多样化的资金来源渠道支持技术创新这些问题,并提出了相应的对策,以有助于中关村进一步提高自主创新能力,也为其他高新区提供可借鉴的参考。     

Effects of national identity salience on responses to ads

This paper investigates the effect of national identity salience on responses to ads in two contexts: national identity activated through media context, and national identity activated through advertising appeals. The results remain consistent with the idea that heightening national identity leads individuals to react more positively to representations of that identity. The salience manipulations serve to influence respondents' evaluations of ads and purchase intentions. Respondents present more favorable evaluations of ads and intentions to purchase the advertised products when the ads explicitly pair the advertised product with national identity symbols or rhetoric, as compared to when no such explicit pairing occurs. Further, the activation of individuals' national identity through media context affects the response to embedded ads, even when those ads do not explicitly pair the product with national symbols or rhetoric.     

Promoting Friendship on the Road to Development

As Bangladesh celebrated its 37th anniversary of Independence and National Day on March 26, China＇s Foreign Trade interviewed H.E.Mr.Munshi Faiz Ahmad,Ambassador Extraordinary and Plenipotentiary of Bangladesh to the People＇s Republic of China.＂Bangladesh and China enjoy traditional friendship for a long time.For example,Xuan Zang （the Chinese Buddhist monk famous for his＂Journey to the West＂during the Tang dynasty） and Admiral Zheng He （the great Chinese navigator from the Ming dynasty） visited Bengal in their respective times.     

广州林安物流园持续发展研究

林安物流园是华南地区最大的物流园之一,创立了全国第一家物流交易所,建立第四方服务平台,信息化交易平台,打造公路物流价格指数,推出诚信首赔制度等。但林安物流园持续发展也面临着同质化竞争,低碳物流园区还需强化,进驻企业之间缺乏协作,增值服务薄弱等困境。林安物流园应与区域经济和产业协同发展,面向空港经济提供增值服务,加强校企合作,建设生态物流园,与物流园相关利益体协同一体化发展,以实现资源共享,达到共赢。     

十八大报告“重要战略机遇期”的解析

党的十六大判断中国处于重要战略机遇期,其后十年的发展历程印证了这一伟大判断的正确性和科学性。当前,世界金融危机影响不断加深,威胁和平与发展的不确定因素增多,给中国发展造成了巨大压力。但中国共产党再次抓住矛盾之关键所在,在党的十八大上准确研判国际国内大局,认为中国仍处于可以大有作为的重要战略机遇期。其依据是国际方面和平与发展的时代主题没有变,国内经济形势相对稳定,社会主义制度的优越性日益显现。