Assessing equivalence of hotel brand equity measures in cross-cultural contexts

The authors synthesize the measurement equivalence or invariance literature and illustrate how to conduct equivalence analyses by using a hotel brand equity model as an example. The illustration focuses on how to assess the model's generalizability across three selected cultural or cross-country factors: the hotel's brand identity (domestic vs. foreign), the customer's first language (Mandarin vs. English), and the customer's country of residence (Asia vs. Europe vs. North America). Results support the model's configural and metric generalizability across the three cross-cultural contexts. The authors show how to interpret the results of equivalence analyses and discuss a few related methodological issues.     

A note on the expectations hypothesis at the founding of the Fed

One of the most influential tests of the expectations hypothesis is Mankiw and Miron [Q. J. Econ. 101 (1986) 211], who found that the spread between the long-term and short-term rates provided predictive power for the short-term rate before the Fed's founding but not after. They suggested that the failure of the expectations hypothesis after the Fed's founding was due to the Fed's practice of smoothing short-term interest rates. We show that their finding that the expectations hypothesis fares better prior to the Fed's founding is due to the fact that the test they employ tends to generate results that are more favorable to the expectations hypothesis during periods when there is extreme volatility in the short-term rate.     

Estimating Current Cost Depreciation Expense Using Numerical Analysis and the STAPOL Technique: A Pedagogic Exposition

Current cost accounting (CCA) recommendations have led to complex measurement problems. This paper aims to provoke discussion of the use of numerical analysis and the STAPOL technique as a method for measuring current cost depreciation expense. The measurement method analysed has a scientific foundation, is simple to apply, and yields accurate results. With slight modification, the method analysed is also applicable to other areas of CCA characterized by intractable measurement problems. Unlike other papers which have used differential calculus to analyse the use of numerical analysis in accounting, the exposition in this paper depends on only a rudimentary knowledge of algebra.     

公允价值在我国新会计准则下运用相关问题的探析

我国新会计准则在诸多方面实现了突破,其中公允价值的运用可谓是最为引人注目的方面。本文在分析公允价值的概念的基础上,对公允价值在我国新会计准则下运用的背景以及具体运用等方面进行了深入分析,并就公允价值在我国运用面临的挑战与对策进行了探讨,以期对深刻理解公允价值并推动其在我国的实际运用愈来愈深入。     

Culture, economic development, and national ethical attitudes

To understand the influence of culture on ethical attitudes, a variety of countries must be compared simultaneously to avoid confounding of cultural dimensions. This study uses data from the World Values Survey to develop a measure of ethical attitudes that shows partial measurement invariance across 44 countries. Regressing the resulting latent means on four cultural dimensions [Hofstede G. Culture's Consequences: comparing values, behaviors, institutions, and organizations across nations. 2nd ed. Beverly Hills, CA: Sage Publications, 2001] and per capita gross domestic product (PCGDP) reveals effects that are not suggested by examining the predictors in isolation, and explains more variance than analysis of the raw means. However, the model does not account for ethical attitudes reported in Brazil, Japan, and the Philippines. In the remaining 41 countries, uncertainty avoidance, power distance, and PCGDP are found to have negative influences on national ethical attitudes.     

资金的空间价值及计量探讨

同一资金在不同的空间运动，给投资者带来的收益必然不同，资金具有空间价值。在由知识经济与网络经济构成企业结构的经济全球化时代，价值链会计需要构筑新的时空观，通过分析影响资金空间价值的相关因素，运用资金时间价值理论提出了资金空间价值的计量模型。     

外弹道测量体制的若干问题(下)

本文对距离交会、角度交会、干涉仪等测轨定位体制进行了综合论述，对它们的测量精度进行了分析，推导出了位置参量与定位误差的关系，并按照“最小误差体积准则”和“GDOP最小准则”进行了分析比较，比较结果说明，距离交会的测轨定位体制精度较高。     

我国基金羊群行为:测度与影响因素

本文以1998年第1季度至2003年第4季度在沪深两市交易的94家基金的投资组合明细数据为样本,借鉴LSV思想构造新的羊群行为测度指标,探讨了我国基金投资者羊群行为的特征及其形成机制。研究发现:基金的羊群行为受到时间、季节、市场规模、基金规模、市场态势和基金盈利水平等因素的影响;羊群行为测度与基金盈利能力、基金/市场的相对规模等因素正相关;熊市中的羊群行为测度值大于牛市中的测度值;基金的羊群行为随着时间的进程没有显著改善,但每年的第2和第3季度是高发期。作者认为,基金在交易模式演变过程中产生的“代表性心理”,以及“心理阻抗”和“控制幻觉”加剧了羊群行为。     

中国上市公司经营者薪酬合理度的测定与分析

本文从"边际产出确定经营者薪酬"的经济学基本原理出发,首先设定了中国上市公司经营者薪酬合理度的计算方法,然后从整体上以及行业和地区的角度对上市公司经营者薪酬的合理度进行了实际测定和分析.最后,根据分析结论,本文提出了今后改善中国上市公司经营者薪酬激励机制的政策建议.     

长三角协同创新网络韧性演化及驱动机制研究

构建以网络节点韧性、网络结构韧性以及网络群落韧性为核心的城市网络韧性评价体系,并运用ERGM模型分析创新网络韧性形成的驱动机制。研究表明：①创新网络节点韧性分布格局呈动态演进特征,由以“沪宁”为强韧性核心形态向以“沪苏锡”为强韧性核心再向以“沪宁苏杭”为强韧性核心形态转变;②网络结构类型相对稳定,三元结构中以核心节点散射联系的网络结构为主,四元结构中以散射联系及三元结构为基础的网络结构为主,随时间演进,整体网络结构韧性表现为曲折提升趋势;③创新网络群落逐渐减少,聚集指数持续上升,长三角创新一体化程度不断加深,抵御外部冲击能力增强;④创新合作互惠性及交互性逐渐成为创新网络韧性强化的驱动因素,产业结构及对外开放的驱动作用也较为显著,而创新网络韧性与信息距离网络存在强依赖性。