旅游规划资料简论

旅游规划资料是抽象化的旅游资源，认识旅游规划资料的基本特征，全面收集资料，深入发掘其文化内涵，是制定高质量旅游规划的重要保证。     

高校旅游管理专业办学模式研究

目前,高校旅游管理专业发展既面临机遇,又面临挑战。适应旅游业发展需要,高校旅游专业教育模式迫切需要改革与创新。     

我国中小企业ERP应用现状的经济学分析

无论从哪个角度讲,中小企业的发展都是一个长期性、国际性的话题.对一个国家来讲,中小企业在促进科技进步、增加就业、扩大出口等方面发挥着不可忽视和不可替代的作用.中小企业为现在的各国所重视,"大力发展中小企业"这个议题已被提上日程.但是在中小企业发展过程中,仍有许多因素制约中小企业发展.中小企业信息化建设缓慢、ERP实施难问题已成为中小企业发展的瓶颈,严重制约了经济社会的发展.因此,针对我国目前中小企业ERP实施过程中存在的问题,分析其原因、研究其对策,将具有重要意义.     

The Relation Among Targets' R&D Activities, Acquirers' Returns, and In-Process R&D in the US

Abstract:  Using a sample of 129 mergers and acquisitions (M&As) in the US between publicly traded acquirers and targets in research and development (R&D) intensive industries over the period of 1994-2004 and a size- and industry-matched sample, we examine the relation among targets' R&D activities, the probability of acquirers' writing-off in-process R&D (IPRD), and acquirers' returns around the time of M&A announcements. We find that firms acquiring targets with higher R&D investments tend to write off some of the acquired R&D assets upon the completion of the M&As. We also find that the median cumulative abnormal return during the three days around M&A announcements for acquirers with subsequent IPRD write-offs is −2.73% while the return for acquirers without IPRD write-offs is −0.60%. This suggests that acquirers' stock returns around M&A announcements are much lower when investors expect acquirers to expense IPRD. The results are consistent with our conjecture that acquirers tend to write-off IPRD when they acquire overvalued targets. We also find that IPRD write-offs do not increase earnings or stock returns of acquirers after M&As, which is inconsistent with an earnings management hypothesis.     

Stock Market Valuation, Profitability and R&D Spending of the Firm: The Effect of Technology Mergers and Acquisitions

Abstract:  In this paper, we investigate whether a firm can enhance the effect of its R&D spending on its current market value and future profitability through technology-oriented M&As. On the basis of an analysis of 1,879 M&As, we find that when a technology firm acquires another technology firm, the magnitude of the stock price response to the R&D spending of an acquirer increases by 107% in the year of the M&A. In contrast, we find no such increase in the stock price response to the R&D spending of a non-technology acquirer. We also find that technology acquirers are more successful in converting their R&D spending into positive future profitability than non-technology acquirers. Our results are robust for different alternative specifications of our model and when various firm differences are controlled for.     

Were In-Process Research and Development Charges Too Aggressive?

Abstract:  Prior research documents that US firms write off large in-process research and development charges (IPRD) for acquisitions, possibly overstating the current period expense to inflate future earnings. Consequently, in 1998, the US Securities and Exchange Commission (SEC) began scrutinizing IPRD charges. We use pre-acquisition R&D expenses of 144 target firms as a benchmark for assessing whether IPRD charges are appropriate. Overall, the results suggest that most firms during our sample period were not overly aggressive in expensing IPRD–especially for acquisitions subsequent to the SEC's scrutiny. The results also indicate that the SEC's intervention reduced the frequency of overstated IPRD charges.     

Fiscal and monetary interdependence

Where classical economics integrates the quantity theory of money with the concept of Ricardian equivalence, the tendency of recent macroeconomic presentations is to focus either upon money and inflation or upon taxation and debt. That neglect of classical monetary–fiscal integration is surprising, given an initiative by the International Monetary Fund that set credit, money, and fiscal policy within a single structure. This article places those ‘credit counterparts of broad money’ in the context of the Great Depression and the recent global financial crisis. The upshot is a set of conclusions: that, to counter the prospect of deflation, quantitative easing is a weak policy response; that fiscal deficits are better; and that cuts in taxation are preferable to increased government spending.     

原始服饰艺术思维的当代影响剖析

原始服饰艺术是原始人类在那个懵懂的时代朴素的智慧结晶,当代服饰艺术设计在寻求新的突破的同时,也需要回眸那种早已消逝的自然和恬淡,也许我们来提取和重温的时候更能体味元素里的伟大,也更能感受到原始艺术思维的清新和无法逾越的自然高度。本文将从原始服饰艺术的各种代表思维表现中挖掘原始元素,通过对比和传承关系来说明和剖析其对当代的影响及其对现代服装设计的借鉴意义。     

广东纺织业清洁生产法律政策研究

本文在对广东纺织业发展现状和我国清洁生产的法律体系综述的基础上,从国家和地方两个层面分析了广东省纺织业清洁生产的法规政策要求,指出纺织行业实施清洁生产具有重要意义,并总结出纺织业实施清洁生产的9大趋势。研究结果表明,实施清洁生产不但是纺织业应对当前金融危机的权宜之计,也是该行业促进科学发展的根本出路之一。     

数字化赋能视角下小微企业生态竞争力影响因素研究

在经济转型升级和生态文明建设背景下,小微企业的生存发展要顺应绿色发展趋势,打造生态竞争力。随着数字化时代的到来,数字化赋能小微企业实现绿色发展提升其生态竞争力必将带来深远影响。为更好研究数字化环境下小微企业生态竞争力受哪些因素影响,给小微企业生态竞争力的培育提供一定的参考,在现有相关研究基础上,从小微企业外部环境与内部管理、生产及文化层面出发,对数字化环境下小微企业生态竞争力影响因素进行识别并确定权重;构建了五维数字化赋能视角下小微企业生态竞争力影响因素关系模型;最后给出研究结论并提出相关建议。