Why We Should Change Our Attitude Towards Distressed Firms

This article surveys ‘creditor‐friendly’ and ‘enterprise‐friendly’ bankruptcy regimes with a focus on the methodology underlying the filter test in distress, as reflected both in its academic treatment and in legal practice. I find that the test exhibits pro‐liquidation bias in designating liquidation of a firm with recovery potential as the Type II error, and in underplaying the benefits of a possible turnaround. Further influences militating against continuation include the power conferred on creditors through the balance sheet criterion and the undervaluation of intangible assets. I make the case for reversing such biases to establish a presumption in favour of continuation.     

Tourism's contribution to the Yugoslav economy

Tourism is an important sector of the post-industrial economies of the developed nations. This article concentrates on the contribution of tourism to the balance of payments in Yugoslavia. Current methods of assessing the value of tourism transactions are inadequate and make international comparisons impossible. The complexity involved in defining ‘tourism’ has led to the accumulation of meaningless data. The IMF's standard balance-of-payments model is described, and the ways in which Yugoslavia's measurements of tourism income and expenditure could be standardized according to IMF recommendations and thus become use- ful in economic policy formulation.     

Flexibility in the gig economy: managing time on three online piecework platforms

Gig economy platforms seem to provide extreme temporal flexibility to workers, giving them full control over how to spend each hour and minute of the day. What constraints do workers face when attempting to exercise this flexibility? We use 30 worker interviews and other data to compare three online piecework platforms with different histories and worker demographics: Mechanical Turk, MobileWorks, and CloudFactory. We find that structural constraints (availability of work and degree of worker dependence on the work) as well as cultural‐cognitive constraints (procrastination and presenteeism) limit worker control over scheduling in practice. The severity of these constraints varies significantly between platforms, the formally freest platform presenting the greatest structural and cultural‐cognitive constraints. We also find that workers have developed informal practices, tools, and communities to address these constraints. We conclude that focusing on outcomes rather than on worker control is a more fruitful way to assess flexible working arrangements.     

基于DEA 模型的我国上市商业银行竞争力分析

金融业竞争的日益市场化与国际化以及基于技术创新的金融业快速发展,使得我国竞争力本来就不强的银行业深受冲击。因此,我国银行业必须不断提升自主创新能力,提高市场竞争力,以便构筑起可持续发展的能力。本文试图用数据包络方法(DEA) 对我国16 家上市商业银行竞争力进行实证分析,期望能够对我国商业银行竞争力的提升有一定的借鉴意义。     

价格战的博弈分析及规避策略

从博弈的角度分析出价格大战是导致竞争双方两败俱伤且造成毁灭性恶果的销售策略。只要选择根据消费者不同层次的需求和多样化、个性化的要求,提供优质服务,才是获得具有独占性优势的非价格战的销售策略。     

上市公司股权结构与财务报告舞弊关系分析

经理人员对上市公司的内部控制已不能完全解释上市公司的财务报告舞弊问题,大股东控制了上市公司,通过对上市公司的利益侵占获取私人收益,财务报告舞弊是隐瞒大股东行为的手段。本文以截至到2005年受到证监会处罚的上市公司为样本,分析了股权结构与财务报告舞弊的相关性,从股权制衡与培育大股东诚信义务方面提出了治理大股东行为的建议。     

我国经济结构失衡的内需与外需原因分析

我国已是一个经济大国,内需应是经济增长的主导力量。外需快速增长给我国央行货币发行与管理模式的有效性带来挑战,使我国经济结构失衡加剧,不利于实现经济增长向内需主导型模式的转变,也不利于经济发展水平与国内居民消费水平之间做到良性循环。要建立起以内需为主导的经济发展模式,就必须促进经济增长由主要依靠投资、出口拉动向依靠消费、投资、出口协调拉动转变,这是我国实现经济长期、持续、协调发展的必然要求,也是贯彻落实科学发展观的重要体现。为此,文章在分析我国经济结构失衡原因的基础上,提出通过进行出口战略性调整,＂消解并转移＂过度的外汇储备,把经济发展模式转变与政府促进公共消费联系在一起,以此作为有效扩大内需的一种调控手段。     

基于博弈视角的旅游景区开发利益平衡研究——以三峡库区旅游景区为例

本文以博弈论为基本分析工具,辅以质性访谈调查,对景区开发中地方政府、开发商与当地居民三类主要主体的利益诉求和博弈机理进行分析,明晰各方利益博弈中的决策行为和利益均衡过程,进而构建以景区可持续发展为目标的利益均衡博弈模型,并归纳得到宏观体制下的分权制度、居民受教育程度低、自身参与意识薄弱和政府及企业的强势参与是影响三峡库区旅游景区开发中利益主体博弈与利益均衡的主要因素。     

中国进出口贸易顺差的原因、现状及未来展望

以工业制成品进出口为主导,并附之以初次产品进口的国际贸易分工模式所带来的大量贸易顺差,是中国经济的资源禀赋和对外投资、贸易政策共同作用的结果;而顺差变化幅度的轨迹则表明,中国经济正在实现通过外向型政策创造比较优势,向依靠国内大市场培育的规模经济和近乎无限供给的劳动力条件形成的、自发的比较优势转变这一过程。因此,贸易顺差的扩大是未来相当长时期内中国经济对外贸易的基本态势,不存在任何低成本的快速降低贸易顺差的短期措施。     

浅析企业与利益相关者群体之间价值倾向的平衡

企业与利益相关者群体有不同的价值倾向。经济型、能力型、学习型及社会型四种价值倾向间有互斥的一面,更有互利的一面,企业的自利行为是对相关者群体利益进行平衡的有节制的自利。平衡价值倾向所依据的管理哲学思想,有助于企业创造力、经济目标及内部和谐的实现。