Deliberate learning in corporate acquisitions: post‐acquisition strategies and integration capability in U.S. bank mergers

This paper introduces a knowledge‐based view of corporate acquisitions and tests the post‐acquisition consequences on performance of integration decisions and capability‐building mechanisms. In our model, the acquiring firm decides both how much to integrate the acquired firm and the extent to which it replaces this firm's top management team. It can also learn to manage the post‐acquisition integration process by tacitly accumulating acquisition experience and explicitly codifying it in manuals, systems, and other acquisition‐specific tools. Using a sample of 228 acquisitions in the U.S. banking industry, we find that knowledge codification strongly and positively influences acquisition performance, while experience accumulation does not. Furthermore, increasing levels of post‐acquisition integration strengthen the positive effect of codification. Finally, the level of integration between the two merged firms significantly enhances performance, while replacing top managers in the acquired firm negatively impacts performance, all else being equal. Implications are drawn for both organizational learning theory and a knowledge‐based approach to corporate strategy research. Copyright © 2004 John Wiley & Sons, Ltd.     

基于DS扩频信号的自适应门限双积分滑动相关捕获算法

提出了一种基于直接序列扩频信号的双积分滑动相关捕获算法，同时使用两组相关器联合进行码相位的捕获，捕获的门限采用CAFR(常虚警率)自适应控制方式。文中给出了这个捕获方案的数学模型，并进行了具体分析。实验表明，利用FPGA实现这种捕获算法，不仅具有较高的性价比，而且衡量PN码捕获的最关键指标——平均捕获时间也大大少于常规捕获方法。     

大股东监督机制与收购约束机制之间的冲突

在现代公司治理机制中，大股东监督机制的有效性起着重要作用；同时，它与其他治理机制之间存在着矛盾与冲突。我们基于大股东监督机制、经理人行为以及外部收购约束机制三者之间的相互作用关系建立模型，对大股东监督机制与收购约束机制之间的冲突进行具体分析，提出减少这两种机制之间的冲突、发挥治理机制最大效用的基本思路。     

多片ADC并行采集系统的误差时域测量与校正

并行时间交替采样是提高系统最大采样率的有效方法之一,但由于制造工艺的局限性,并行时间交替采样将不可避免地造成通道失配误差。本文利用正弦采样信号的时域特性,推导出一种快速而精确的算法,用于同时校正通道失配引起的增益误差、偏置误差和时间误差,并通过模拟仿真证明了算法的可行性。     

Open innovation: Are inbound and outbound knowledge flows really complementary?

One novel implication of the open innovation paradigm is that inflows and outflows of knowledge are complementary. We argue that engaging simultaneously in buying and selling knowledge should allow firms to increase innovation outcomes. At the same time, we identify some of the relevant costs (cognitive, transaction, and organizational costs) that “open” firms can reduce by combining knowledge inflows and outflows. Empirically, however, we find no evidence for such complementarity in a sample of Belgian manufacturing firms. Firms buying and selling knowledge do increase their sales of new products, but at the same time their R&D costs increase more than proportionally. Our findings, therefore, indicate the need for research into a better understanding of the drivers of actual costs of organizing for open innovation. Copyright © 2015 John Wiley & Sons, Ltd.     

会计师事务所特征与公司并购绩效反应——来自中国上市公司的经验证据

通过实证检验事务所多维特征视角下的并购绩效反应,结果发现：选聘匹配的事务所能够起到过滤并购风险以提升并购绩效的战略效能。在选聘标准方面,无论是本地并购还是异地并购,区位优势明显的本地事务所绩效提升效果更加显著;关联事务所尤其是目标企业关联事务所依靠信息距离、关系资源等优势改进服务效率;但事务所声誉并非绝对有效的选聘标准,企业更需关注其质控表现。     

商业集团从属企业双重资源获取与成长绩效的关联机理——基于资源观的结构性观点和跨层次研究

基于资源基础理论,将架构理论与跨层次模型相结合,利用调研数据剖析了商业集团从属企业的内、外部双重资源获取与成长绩效的关联机制。研究结果表明:双重资源获取对从属企业成长绩效具有显著的促进作用;集团成员网络资源异质性对双重资源获取与成长绩效的关系具有调节作用;从属企业的资源整合能力对双重资源获取与成长绩效的关系具有中介性调节作用;内部资源获取、资源整合能力和集团内部网络资源异质性三者对从属企业的成长绩效具有结构性影响,而外部资源获取、资源整合能力及集团内部网络资源异质性的结构性效应不显著。     

Residents’ behavioural intentions to resist the nuclear power plants in the vicinity: an application of the protective action decision model

Nuclear power is growing rapidly in China. The ultimate goal of developing nuclear power is to mitigate the energy crisis, reduce greenhouse gas emissions, and ensure sustainable economic development. However, the ‘not-in-my-backyard’ (NIMBY) attitude may influence the implementation of nuclear power projects. This study explores the determinants of behavioural intentions to resist nuclear power plants (NPPs) based on the protective action decision model (PADM). A survey of the residents (N = 432) near the Haiyang NPP significantly validated the hypothesized relations. Results suggest that information acquisition and public participation can significantly predict perceived knowledge. Perceived knowledge is important in predicting perceived benefits, NIMBY attitude, and behavioural intentions. Moreover, two inverted-U relationships for perceived knowledge with the NIMBY attitude and with behavioural intentions are observed. Furthermore, the NIMBY attitude and behavioural intentions are significantly stimulated by perceived risks, but failed to be motivated by perceived benefits. An inverted-U relationship between perceived benefits and perceived risk is also indicated. The results that the NIMBY attitude and residential distance to NPP have played significant roles in predicting behavioural intentions are obtained. Implications of our results and areas of further researches are discussed in this article as well.     

Land Acquisition,Labor Allocation,and Income Growth of Farm Households

This article investigates how land acquisition during urbanization affects labor allocation decisions of farm households in China. We develop an agricultural household model by including land acquisition to examine its impacts on nonfarm labor participation and income. Two data sets (self-designed household surveys at Xingwen County in 2012 and the China Household Finance Survey (CHFS) data covering 29 provinces in 2013) are adopted for empirical analysis. The results find that land reduction has significantly positive effects on the probability and the share of family nonfarm labor allocation from both data sets. We also find that land acquisition increases the household income of the land acquisition group in CHFS data.     

合并商誉本质及会计核算方法的探讨

本文从商誉的概念和构成要素、企业并购与合并商誉的联系等方面入手,对商誉的本质进行了探讨。在此基础上,对我国新会计准则关于商誉处理的方法进行了分析,解释了新旧会计准则关于商誉会计处理的差异,分析了新会计准则关于商誉处理的合理性,认为新会计准则关于商誉的会计处理方法能够更真实地反映商誉的本质特征。同时对新会计准则关于商誉会计处理的操作性方面的不足进行了说明。