导致企业“短寿”的四大战略管理陷阱

企业"短寿"的原因很多,简直不胜枚举。我们这里探讨的是在企业战略管理中有可能危及企业生存的四种倾向:追逐利润、追求规模、人才匮乏和盲目多元化。实践证明,绝大多数"短寿"的企业在其"生存期"都可找到以上管理行为的影子。尤其悲哀的是:这些"短寿"陷阱在当初是作为企业的战略目标而被追求之,殊不知,其追求力度越大、追求时间越久,企业离"寿终正寝"就越近。本文的目的是提醒企业经营者时刻警惕这些可能造成企业"短寿"的战略管理陷阱。     

Sectoral Energy- and Labour-Productivity Convergence

This paper empirically investigates the development of cross-country differences in energy- and labour productivity. The analysis is performed at a detailed sectoral level for 14 OECD countries, covering the period 1970–1997. A σ-convergence analysis reveals that the development over time of the cross-country variation in productivity performance differs across sectors as well as across different levels of aggregation. Both patterns of convergence as well as divergence are found. Cross-country variation of productivity levels is typically larger for energy than for labour. A β-convergence analysis provides support for the hypothesis that in most sectors lagging countries tend to catch up with technological leaders, in particular in terms of energy productivity. Moreover, the results show that convergence is conditional, meaning that productivity levels converge to country-specific steady states. Energy prices and wages are shown to positively affect energy- and labour-productivity growth, respectively. We also find evidence for the importance of economies of scale, whereas the investment share, openness and specialization play only a modest role in explaining cross-country variation in energy- and labour-productivity growth.      

Pro-cyclical effect of sovereign rating changes on stock returns: a fact or factoid?

This article examines the effect of changes in sovereign credit ratings and their outlook on the stock market returns of European countries at different phases of business cycle. Using standard four-factor model, it records a significant average marginal effect of credit rating announcements on stock market returns. Both magnitude and significance of the effect vary with business cycle and across announcement types. However, we do not find evidence of pro-cyclical effect of sovereign rating and outlook changes on stock returns. Our results show that stock markets react more negatively to rating downgrades in recovery phases and more positively to rating upgrades in contractionary period. Both results are statistically significant and robust to various sensitivity tests.     

对培育我国高科技产业集群的思考

产业集群的要素有企业、市场、品牌、协作关系、生产基地、专业化配套环境、公共研发机构、制度创新等。产业集群的模式有轴轮武产业集群、多核武产业集群、网状武产业集群等。培育产业集群的思路是制定产业集群发展规划、建设配套环境、实施专业化园区建设、培育品牌集群以及实施“目标招商”和“策划招商”。     

企业转让制度之比较研究

企业转让是指为了一定的营业目的通过签定合同将企业作为一个有机组织体的全部财产或部分重要财产进行有偿转让的活动。它是企业的所有权在不同的市场主体之间的移转,既不同于货物买卖也不同于企业财产的转让。企业转让制度在《德国商法典》、《日本商法典》和《韩国商法典》中都有专门规定,但在《澳门商法典》中规定的更为全面,主要涉及商号、债权债务关系、竞业禁止和劳动关系内容。建立企业转让制度是市场经济的内在体现,对我国发展经济和解决就业有着重要的现实意义,同时也符合我国建立现代产权制度的要求。     

加入WTO与我国商业银行中间业务发展探讨

目前我国商业银行中间业务发展缓慢。加入 WTO后 ,我国商业银行的生存和发展将面临新的国内国际经济金融形势 ,这要求我国商业银行必须采取相应措施加快中间业务的发展 ,以增强其竞争能力。     

会计信息披露的产权结构研究

本文对会计信息披露的产权结构进行了分析,发现会计信息披露实质是由信息支配权所有者向信息要求权所有者提供会计信息的过程.会计信息要求权的形成是与企业性质分不开的,而会计信息支配权的形成则取决于信息披露过程中的交易费用是否最小化.     

商学实验教学体系的构建

该文介绍了商学实验的发展,就商学实验教学的目标和教学体系的构成进行了说明、分析。     

我国商业银行债券业务的发展历程

本文分三个阶段对我国商业银行债券业务的发展历程进行了分析总结，从中可以看出我国商业银行债券业务从无到有，从小到大，已经走上一条蒸蒸日上、健康发展的道路，相信我国商业银行债券业务具有广阔的发展前景。     

儒家利益观与民营企业价值观

在传统农业社会,儒家思想一直是中国的正统思想,它以仁、义、礼、智、信等道德标准约束着人们的行为.在建立社会主义市场经济的今天,社会以发展、效率为主线,强调的是经济活动规则等.在新的历史环境下,蓬勃发展的民营企业在追求经济利益的同时暴露出的种种问题值得人们深思.因此,应将中国传统儒家思想与民营企业的经营活动有机结合,构建义利兼顾的新型民营企业.