论我国企业跨国并购的战略选择

随着我国企业实力的不断增强和竞争的加剧,越来越多的企业走出国门,开展跨国并购。企业开展跨国并购有利于获取我国经济发展所需的短缺资源和企业发展所需的技术、品牌和市场。目前,国内国际形势和国家政策导向都十分有利于企业"走出去"开展跨国并购。但由于我国企业规模小、实力弱及国内外文化环境、政治经济环境差异大,企业跨国并购也面临许多障碍。我国企业跨国并购要想取得成功,必须在并购主体、目标市场、并购行业、并购对象和并购方式等方面做出正确的战略选择,同时,我国政府也需要出台一些相应的扶持和鼓励措施。     

中国跨国公司员工外派管理探析

本文首先对中国企业FDI现状进行分析,发现中国企业处于较低的国际化发展阶段,使得员工外派成为企业人员配置的必然选择。其次,本文对中国企业员工外派管理现状进行分析,发现中国企业缺乏国际性人才、外派人员薪资缺乏公平性以及外派效果不良等成为中国企业国际化经营瓶颈。最后,本文提出了中国跨国公司员工外派管理对策建议。     

Environmental Reporting of Global Corporations: A Content Analysis based on Website Disclosures

Today, more corporations disclose information about their environmental performance in response to stakeholder demands of environmental responsibility and accountability. What information do corporations disclose on their websites? This paper investigates the environmental management policies and practices of the 200 largest corporations in the world. Based on a content analysis of the environmental reports of Fortune’s Global 200 companies, this research analyzes the content of corporate environmental disclosures with respect to the following seven areas: environmental planning considerations, top management support to the institutionalization of environmental concerns, environmental structures and organizing specifics, environmental leadership activities, environmental control, external validations or certifications of environmental programs, and forms of corporate environmental disclosures.     

我国高比例加工贸易引发的思考

我国已经成为世界第三大贸易国,但在根据原产地规则计算的进出口总额中,加工贸易的比例正迅速增加,本文从进出口贸易的统计数据出发,指出这一现象源自外商投资企业贸易额占我国贸易额的高比例以及其自身贸易方式中加工贸易的高比例,分析了这种外商投资企业主导进出口贸易,且以加工贸易为主的格局对我国经济的短期和长期影响,就我国今后吸引外资的方向和国内企业的发展做了进一步探讨。     

Equilibrium coalition structures in the presence of foreign direct investment

This paper incorporates foreign direct investment (FDI) into the examination of trading bloc formation with endogenously determined coalition structures. In so doing, we build a three-country model, in which firms serve foreign markets either by exporting or undertaking FDI, and consider a coalition formation game with the Coalition Proof Nash Equilibrium as an equilibrium concept. We find that the equilibrium coalition structure varies upon firms characterization before and after the formation of a trading bloc. As in the literature, when all firms are exporters in the pre- and post-formation, bilateralism can be an equilibrium outcome. However, when trade barriers are not so high as to be trade-prohibitive and the environment is favorable to multinational activities in the pre- or post-formation, only global free trade will prevail as an equilibrium coalition structure.     

An Overview of Russia's Largest Corporations Abroad

SUMMARY

Russian outward foreign direct investments have grown rapidly during the past few years. The natural-resource based companies have been the main drivers of the international growth of the Russian economy. Whereas the leading companies in oil, gas, and metal industries already rank among the top global players, the manufacturing and telecommunication industries are increasingly catching up and seeking for growth outside the Russian borders. The current article seeks to provide an overview of the international activities of the leading Russian companies in several industrial sectors with additional policy conclusions regarding the internationalisation patterns of Russian enterprises.     

On the Marketing of Nations

Abstract

Deciding on how and where to begin a new regional expansion is a highly important and complex task for multinational companies. The importance and complexity stems from the fact that these decisions involve relatively high uncertainty (i.e., risk) and, at the same time, require an intensive multidimensional evaluation process. Many countries, however, particularly in emerging markets, work to encourage multinational companies to establish a base of operations there or to enlarge existing regional headquarters. Consequently, multinationals and countries have a common interest in identifying key elements in this multidimensional decision process and estimating the likelihood that a particular country will be more suitable to fill this task than others. In order to gain a deeper understanding as to the attractiveness of a host country for establishing a base of operation (BOO) of multinational corporations, we explore the perceptions of corporate managers of different Mediterranean countries. Our analysis highlights the different country characteristics that contribute to the difference in perceptions. In addition, we find specific attributes that contribute the most to these differences. We conclude with a discussion of actions that can be taken by a specific country to close, or expand, some perception gaps.     

基于知识的企业集团组织创新

知识是企业拥有的最重要的资源与获得竞争优势的最终源泉,并推动着企业组织的变化和创新。为此,企业集团组织也体现出三方面的创新变化,一是以资本为纽带的企业集团科层结构逐步被以知识为纽带的网络结构所取代;二是企业集团内部知识主体从传统的战略经营单位转变为模块化的集束式组织;三是企业集团知识的虚拟整合模糊了企业集团边界,推动企业集团专项核心能力的突出。     

论中小企业融资难的原因与对策

中小企业对我国的经济发展已起到越来越重要的作用,但在其进一步的发展过程中,却面临着融资难的困境。这其中既有外部的因素,也有中小企业自身的原因。我国中小企业走出融资困境的出路在于:收购上市公司,依法设立多层次的资本市场,推动证券市场的发展;完善相关法规建设,发展风险投资;深化金融体制改革,为中小企业提供贷款支持;鼓励民间融资。     

上市公司投资者关系管理研究

投资者关系管理(IRM)是近年来在我国出现的新事物。在成熟的资本市场上,IRM已经成为一种潮流,但在我国则刚刚起步。因而,在我国推动投资者关系管理具有十分重要的现实意义。在阐述投资者关系管理产生及发展过程的基础上,对我国现阶段投资者关系管理的现状进行了剖析,并指出了我国在投资者关系管理方面存在的问题及其产生的原因。