South African Capital Structure Decisions: A Survey of Listed Companies

ABSTRACT

This paper explores the factors that influence capital structure decisions in South Africa from the perspective of the Chief Financial Officer (CFO). The results of a survey of 33 CFOs of JSE listed companies find that South African CFOs are equally likely to follow the Pecking Order and Static Trade-Off theories. However, small companies are more likely to follow the Pecking Order theory while large companies are more likely to follow the Static Trade-Off theory. In addition, the results show that South African companies are more likely to follow the Static Trade-Off theory than companies in other emerging countries.     

东敢水库主坝区主要渗漏通道分析及防渗处理

在对病险水库的除险加固施工中,确定水库主要渗漏通道和主要渗漏区对项目施工至关重要。     

Internationalization of multi-source feedback systems: a six-country exploratory analysis of 360-degree feedback

In the past few years, few human resource practices have received as much attention as multi-source feedback systems (MSFSs). In the US and Canada, it is estimated that over one-third of organizations are using some form of MSFS and recent surveys show that this practice is still gaining popularity. Concurrently, a substantial amount of literature has focused on the effectiveness of this performance management practice. However, while few would dispute the popularity of MSFS, relatively little has been published on the use of these systems outside North America and thus little is known about their form and effectiveness in international contexts. This paper outlines the results of an international survey of MSFS. Interview data from HR managers and consultants from Argentina, Australia, China, Slovakia, Spain and the UK demonstrate that MSFS are being implemented, in slightly different ways, in each of these six countries. The main challenges in the application of MSFS in these various countries are the communication efforts necessary before and after implementation, and the inherent difficulty in giving and receiving feedback. The results of this study also provide data as to the perceived future of MSFS in each of the countries surveyed.     

青川候家村硫铁矿高精度磁测与激电勘探研究

通过高精度磁测和幅频激电探测两种方法对松林坪硫铁矿区进行了实地探测,进而了解了该矿区硫铁矿的分布及储量,为今后在该矿区的进一步工作奠定了基础。     

An empirical analysis of disinvestment policy in India: does ideology matter?

Using panel data estimation for limited dependent variables and sample selection models, we identify political, industry specific, firm specific and macroeconomic variables which influenced the decision to divest central public enterprises in India between 1991–2010. We find that higher partial privatization is driven by a more right-winged coalition, lower ideological spread in the coalition and lower ideological difference between the center and the state in which the public enterprise is located. We also find that after the government selects larger, more experienced and more profitable firms, it divests the relatively less experienced and less profitable firms to a larger extent.     

天津市民自我药疗行为调查与研究

当前,因看病难、看病贵及患者用药知识严重匮乏等原因,使市民非理性的自我药疗行为非常普遍。运用SPPSS统计软件对天津市民的自我药疗行为第一手调查数据进行相关分析得出结论:市民自我用药会经常失误,极易耽误病情。政府应加大宣传,鼓励市民除常见小病外,尽可能去医院看病;应通过多种途径宣传医药常识和用药知识,减少市民乱用药的行为;继续加强对虚假药品广告的监管。同时,加强对药店的监管,提高药店服务人员的专业知识水平。     

中国精英对中欧关系现状和前景看法

2010年5月至8月,在欧盟第七框架项目解析中国人对欧盟的看法的资助下,中国社会科学院研究生院联合中国人民大学等机构针对中国精英就中欧关系现状和前景及与此相关的问题看法进行了调查。调查数据显示:第一,精英对欧盟的知晓率比较低。第二,在信息渠道选择上,互联网、电视和报纸是三大主要工具,不同工具对中欧关系看法具有一定的影响。第三,中国精英对欧盟保持较好的印象。第四,精英认为欧盟的国际政治和经济影响力仅次于美国,且均强于中国。第五,精英对中欧关系现状和前景的看法日趋谨慎和保守。第六,通过回归分析可以发现,教育、收入、学习和工作经历等变量对精英的欧洲观有着明显影响。第七,学者和媒体工作者对中欧关系的现状和前景的看法和评价,均比其他群体更为积极和乐观。     

Social Desirability Bias in Survey Research on Sustainable Development in Small Firms: an Exploratory Analysis of Survey Mode Effect

Survey methodology has become an increasingly popular weapon of choice in conducting research on the topic of environmental sustainability in the small firm context. However, conventional application of survey research in many empirical studies tends to ignore the inherent issues associated with the mode of administration of survey questionnaires. One of these issues is social desirability bias (SDB) arising from survey modes such as face to face, the assisted type of survey questionnaire administration and mailed or purely self‐administered survey. This study is an analysis of survey data generated by two modes: purely self‐administered and survey enumerator assisted. The paper argues that the presence of an enumerator in the workplace or actual site of the business to administer the survey will motivate the respondents to provide more accurate information about the firms' environmental sustainability knowledge and practices. The article offers suggestions to address SDB in carrying out surveys about environmental sustainability in small firms. Copyright © 2011 John Wiley & Sons, Ltd and ERP Environment.     

塑造地质文化 提升单位核心竞争力

企业文化不是通常概念上的文化,而是一种企业管理模式。中国地质调查局天津地质调查中心加强地质文化建设的实践表明,地质文化建设必须结合单位工作实际,必须显示自己的特点,必须体现以人为本,必须为职工创造优美的工作、生活环境,活跃他们的文体生活,只有这样,单位才有生命力、凝聚力、竞争力、向心力,进而达到提升核心竞争力,实现又好又快发展。