Bank generic strategies: does Porter's theory apply in an international banking center

This study examines banks' competitive strategies and their relationship with performance in a highly internationalized banking center, Hong Kong. The factor analysis results have, by and large, provided support to Porter's three strategy typology. Nevertheless, the empirical findings from the cluster analysis and the subsequent inter-group comparison of performances have cast doubt on Porter's stuck-in-the-middle proposition by demonstrating that banks adopting a multi-strategic approach did outperform other strategically monotonous rivals. While the stuck-in-the-middle proposition is grounded in the premise of inherent inconsistencies for pursuing more than one generic strategy simultaneously, the resource-based view and the present empirical findings hint at the feasibility for well-resourced banks to combine apparently incompatible value creating activities in a synergistic way to achieve integrated flexibility and consequently, a sustainable multi-strategic position. It is suggested that this feasibility very much depends on a bank's organizing and coordinating capabilities that are developed and refined through managerial commitment, learning and experience, as well as a careful assessment of various organizational activities and its inter-relationships within the entire business system.     

未来十年综合航电系统的发展趋向

我国的合同法对代位权的客体做出了明确的限定,这使得代位权制度在实际运用中碰到了一些困难,本文对代位权的客体和抵押权能否成为代位权的客体进行了分析和探讨。     

航空电子综合化设备测试性设计

本文介绍了机内自动测试（BIT）的基本概念，提出了一种解决航空电子综合化设备测试性设计的方法，并对设备中主要部分的BIT设计作了详细的阐述。     

Multi-scale integrated analysis of rural Laos: Studying metabolic patterns of land uses across different levels and scales

This paper presents an application of the Multi-Scale Integrated Analysis of Societal and Ecosystem Metabolism (MuSIASEM) approach to the analysis of rural land uses. Using secondary data on farming systems in Laos, we illustrate how the concept of metabolic pattern can be used to establish links between the various indicators of performance of rural systems. To this purpose, we characterize the socioeconomic activities in rural Laos by a series of quantitative indicators defined across: (i) different hierarchical levels of organization described at different scales (i.e. households, rural villages, administrative regions and the whole country) and (ii) different dimensions of analysis, including economic, agronomic, social, biophysical, and ecological analysis. The MuSIASEM approach simultaneously employs two non-equivalent criteria for quantification. The observed rural system is described in terms of an integrated set of flow elements (money, food, energy, water, fertilizer and other materials), which are mapped against two distinct fund elements: (i) a multi-level matrix of human activity (flows being expressed in terms of intensity per hour) and (ii) a multi-level matrix of land uses (flows being expressed as density per hectare). Our case study shows that in this way it is possible to move across different hierarchical levels, scales and dimensions, to arrive at an integrated representation of the metabolic pattern of farming systems.     

基于城市生活载体（房屋）提供节能减排服务研究

在我国快速推进城镇化中,城市的能源消耗和污染排放问题不断恶化。要想有效控制和改善这些问题应该从城市生活的主要载体--房屋入手,在房屋的使用过程中加强节能减排工作。而市场化的物业管理是当前房屋管理的主要形式,所以以物业管理项目作为整合载体加强节能减排工作是十分必要和有效的。同时,针对节能减排的公共服务属性,提出了政府调控的措施建议。     

Reconfiguring the innovation policy portfolios for Taiwan's SIP Mall industry

Since the year 2000, silicon intellectual property (SIP), which can minimize the gap in ‘design productivity’ that exists with systems-on-chip (SOC), has become one of the most important factors in the development of integrated circuit (IC) products in the SOC era. Although SIP is very important for IC industry development, complicated business, technical as well as legal issues inside SIP transactions have hindered successful transactions and the integration of SIPs into SOCs. Thus, web-based SIP e-Commerce mechanisms, called SIP Malls, have emerged, aiming to resolve complex SIP issues. To maintain its leading position and competitiveness in the World's IC industry, as well as the value added by SOC products in Taiwanese IC firms, the Taiwanese government has developed SIP Malls, using innovation policy tools. However, the Taiwanese SIP Mall industry remains immature. No existing Taiwanese SIP Malls generate a profit or account for a significant share of worldwide SIP transactions. This research will develop an analytical framework for defining an innovation policy portfolio that aims to develop Taiwan's SIP Mall industry, so that it will enhance the value added of SIP Malls and, thus, the nation's competitiveness in the SIP and IC industries, something which already has become one of the Taiwanese government's major concerns. The industry innovation requirements (IIRs) are summarized using the Delphi method. Meanwhile, the major IIRs identified by Decision Making Trial and Evaluation Laboratory (DEMATEL) are introduced. After the IIRs are derived, the relationships between the IIRs and innovation policy tools are derived by Grey relational analysis (GRA). Then, the innovation policy tools are clustered, based upon the Grey grades derived by GRA. Finally, reconfigured innovation policy portfolios are presented for the Taiwanese government's policy definition. The results demonstrate that developing an innovative policy portfolio that includes scientific, technical, educational, public enterprise, information, legal and regulatory, financial, and taxation policy tools will be the most necessary step towards developing Taiwan's SIP Mall industry.     

Granger因果关系检验应用中的若干问题

分析了实践中应用Granger因果关系检验存在的一些问题,如信息遗漏,变量变换改变因果关系的性质、变量单整性对检验程序的影响以及检验模型的选择等,并提出在线性投影上有初步证据的因果概念。进而,应用单整变量之间Granger因果关系的一般检验程序对1978~2013年我国货币供给量与价格水平、产出之间的Granger因果性重新进行检验。     

Testing for unit roots in time series models with non-stationary volatility

Many of the key macro-economic and financial variables in developed economies are characterized by permanent volatility shifts. It is known that conventional unit root tests are potentially unreliable in the presence of such behaviour, depending on a particular function (the variance profile) of the underlying volatility process. Somewhat surprisingly then, very little work has been undertaken to develop unit root tests which are robust to the presence of permanent volatility shifts. In this paper we fill this gap in the literature by proposing tests which are valid in the presence of a quite general class of permanent variance changes which includes single and multiple (abrupt and smooth-transition) volatility change processes as special cases. Our solution uses numerical methods to simulate the asymptotic null distribution of the statistics based on a consistent estimate of the variance profile which we also develop. The practitioner is not required to specify a parametric model for volatility. An empirical illustration using producer price inflation series from the Stock–Watson database is reported.     

Determinants of herbicide use in rice production in the Philippines

This study identifies farm‐specific and market factors affecting the adoption of herbicides and the level of herbicide use by rice farmers in the Philippines. This requires the application of a modified version of Heckman's two‐step method to estimate a random‐effects double‐hurdle model for unbalanced panel data. The age of the farmer, household size, and irrigation use are significant determinants of the decision of farmers to adopt herbicides as an alternative to manual weeding, while economic variables such as the price of herbicides, total income, and access to credit determine the level of herbicide use. Determinants of both adoption and level are land ownership, farm area, and the method of crop establishment. These results are potentially relevant when designing policies to reduce excessive herbicide use or to encourage the adoption of alternative weed control methods such as integrated weed management.