我国上市公司资产出售的公告效应研究

文章以1999-2004年间185家企业226次资产出售事件为样本,检验了我国上市公司资产出售的公告效应,并对2008-2009年间我国上市公司的资产出售进行了稳健性检验.研究发现,我国企业的资产出售具有明显的年中和年末效应；企业股价对资产出售的反应显著为正,尤其是在(-2,0)区间内,资产出售的公告效应得到集中释放.对资产出售公告效应影响因素的检验表明,我国上市公司的资产出售更加符合有效配置假说,融资假说不能解释这种行为.     

Firm-Specific Advantages Intra-Regional Sales and Performance of Multinational Enterprises

This article is an extension of recent work that has examined the intra-regional sales of large multinational enterprises (MNEs). First, we examine the interaction between the performance of MNEs and four proxies for their firm-specific advantages (FSAs). This includes: firm size, knowledge (as represented by R&D), marketing ability, and industry type. We find that FSAs in R&D and service sector type are best exploited within the home region. In contrast, the FSA firm size is better exploited by global and bi-regional firms. Second, we find that a service MNE tends to be more home-region oriented and has a higher proportion of intra-regional sales than a manufacturing firm.     

基于非线性规划的企业销售利润优化模型

针对企业销售利润最优化问题,分析了相关概念和相互之间的关系,以企业销售利润为目标函数,建立了非线性规划模型,说明了约束条件的构成,最后以实例对提出的模型进行了详细说明,有助于企业销售管理决策,具有一定的应用价值。     

Clarification of misled statistic data: overestimated per-capita housing area

The per-capita urban housing area determines trends in the real estate market largely. These trends are important in formulating economic policies. The China Statistical Yearbook provides two groups of data for ‘per-capita urban housing.’ The demand–supply situation of the Chinese housing market must be analyzed and predicted by using different versions of data. This study uses data from Ministry of Housing and Urban-Rural Development of the People’s Republic of China, which comprise projected timing comparative data of the Chinese per-capita urban housing area, and predicts the future demand–supply situation of the Chinese housing market using the Gompertz model. The result shows that the per-capita urban housing area has declined since 2001, but the tight trend of the Chinese real estate market and the pressure of rising house prices will last for a relatively long time. The construction speed of commercial houses will only slow down if the urbanization proportion reaches 75%.     

User Perceptions of Mobile and Online Channels for Purchasing Financial Products

ABSTRACT

This study investigates users' perceptions of costs and benefits of mobile versus online, PC-based, channels for accessing financial information and completing financial transactions. Results indicate that, in the financial services context, the mobile channel has no perceived advantages over the online channel. The older online channel does have several perceived advantages related to transaction cost, risk, ease of use, meeting financial goals, and information accessibility. The channels are similar on four dimensions, but most of the similarities arise because the online and mobile channels enable purchase of the same financial products. Finally, users are more willing to use the mobile channel for less risky tasks (accessing information) than they are for more risky tasks (buying financial products).     

基于供应链的家居市场末端配送问题探讨

为了了解目前我国在家居家具市场的末端销售配送方面存在的问题以及应该如何针对这些问题进行管理上的改进,作者以徐州市场为基础,采用了文献研究、实地访问调查、归纳演绎以及思辨研究等方法,在分析供应链内容及其对企业和客户的影响的基础上,指出在目前家居市场末端配送环节存在着效率低下、缺少统一标准等问题,并提出相应的改进建议。     

Analysis of Relative Growth Rates Between Domestic and International Earnings of U.S. Based Publicly Traded Restaurant Firms

ABSTRACT

This study explores the relative growth rates in earnings of public restaurant firms for a 20-year period from 1981-2000. No significant differences were found in sales growth between multinational and domestic restaurant firms. However, multinational firms significantly outperformed domestic firms in growth of operating income and pre-tax profitability. Multinational restaurant firms also had significantly lower negative growth in domestic earnings when compared to domestic firms. The results imply that multinational restaurant firms are more efficient than domestic firms in converting sales into profits.     

Custom Publishing

Abstract

The field of “custom communications” is a growing multi-billion dollar market. Custom publishing of magazines and books is a significant segment of the pie, proving the continuing value of print for creating stronger bonds with customers. This article describes a variety of applications for custom publishing in marketing products and services, with important implications for the promotional products industry. The author, who has ghost-written a book for a small advertising agency, focuses on the high potential for specialized magazines and well-written books that target an audience accurately. Included is cogent advice to promotional products professionals on how to go about creating an effective custom publication.     

自我监控人格对销售绩效的影响研究

销售人员绩效高低直接影响公司的生存与发展。现有自我监控与个体绩效的关系研究结果存在不一致。本文以保险销售员为研究对象，采用结构方程和层次回归方法，研究自我监控人格与个体销售绩效之间的关系，研究提出并验证了销售员自我监控人格与销售绩效呈倒“U”型关系的假设，期望能为提高企业绩效和销售管理有所贡献。     

浅谈存货周转率计算公式存在的缺陷

存货周转率是财务报表分析中的重要指标,常用于分析企业的存货管理能力和资金运用水平。一般地,存货周转率的计算方法是用销售收入或是销售成本与期末平均存货余额的比值,然而,传统的存货周转率计算公式存在着一定缺陷,使其不能准确合理地反映企业各类存货项目真实的流转状况,进而无法对企业的营运状况做出正确地判断。本文主要分析了企业存货结构不同、平均存货余额计算方法和存货销售形式的差异等因素对存货周转率的影响而造成的误差。